TLDRMoneyGram Expands Its Role on the Solana NetworkStablecoin Efforts Continue Across Multiple BlockchainsGet 3 Free Stock Ebooks MoneyGram became a validator on the Solana blockchain network. The company will help process transactions and support Solana network security. MoneyGram joined the Solana Developer Platform for institutional blockchain development. The move follows the recent launch of the MGUSD stablecoin on Stellar. MGUSD was launched through a partnership with Stripe-owned Bridge. MoneyGram expanded its blockchain infrastructure strategy after joining the Solana network as a validator. The company also entered the Solana Developer Platform while advancing stablecoin-based payment services. The move follows the recent launch of its MGUSD stablecoin and reflects its growing involvement across multiple blockchain networks.
MoneyGram Expands Its Role on the Solana Network MoneyGram announced on Monday that it now operates a validator on the Solana blockchain. Through this role, the company will help process transactions and support network operations.
Validators play a central role in Solana’s proof-of-stake system. They verify transactions and help maintain network security and performance.
The company also joined the Solana Developer Platform. The initiative supports institutions that build financial products and services on Solana.
MoneyGram said the latest step aligns with its blockchain infrastructure strategy. The company continues to increase its participation across networks that support digital payments.
Anthony Soohoo, MoneyGram’s chief executive officer, outlined the company’s approach in a statement. He said blockchain technology already supports several of the company’s payment services.
“MoneyGram has spent the past several years integrating blockchain into our payment infrastructure, and everything we are building now leverages this foundation,” Soohoo said.
Stablecoin Efforts Continue Across Multiple Blockchains MoneyGram recently launched its MGUSD stablecoin on the Stellar blockchain. The company introduced the asset through a partnership with Bridge, which Stripe owns.
The stablecoin launch marked another step in MoneyGram’s digital asset strategy. The company has focused on blockchain-based remittances and settlement services for several years.
Soohoo also highlighted the company’s long-term payments strategy. He said stablecoin networks can support broader access to global money transfers.
“We believe the future of global money movement will be built on open, interoperable stablecoin rails that anyone, anywhere can access,” Soohoo said.
MoneyGram stated that it does not intend to rely on a single blockchain. Instead, it continues to build services across several networks that support digital payments.
The company recently joined Tempo as an anchor validator. Tempo operates as a payments-focused blockchain network.
MoneyGram’s latest Solana validator role adds another blockchain relationship to its infrastructure portfolio. The company now supports blockchain operations through both validator participation and stablecoin development.
Its MGUSD stablecoin remains active on Stellar through the partnership with Bridge. Meanwhile, MoneyGram continues expanding blockchain-based payment services across multiple networks.
MoneyGram has launched an active validator node on Solana and joined its institutional developer platform, making Solana the payments giant’s third blockchain validator commitment alongside Tempo and Midnight. The move deepens a blockchain infrastructure push that began with Stellar remittances in 2021.
MoneyGram has launched an active validator node on the Solana network and joined Solana's institutional developer platform, marking the payments company's third blockchain infrastructure commitment and its first direct participation in Solana consensus.
The company announced the move via press release on June 22, describing its validator as staking SOL, processing transaction blocks, and contributing to network security. MoneyGram simultaneously joined the Solana Developer Platform, an AI-ready, API-driven institutional build environment designed for compliant financial product development whose members include Mastercard. Luke Tuttle, MoneyGram's chief product and technology officer, framed the move in operational terms: "We help run the rails we move money on." MoneyGram serves more than 60 million active customers through nearly 500,000 retail locations, with over 70% of transactions now digital.
Solana Third After Tempo, MidnightSolana is now MoneyGram's third active blockchain validator position. The company serves as anchor remittance validator for Tempo and holds a validator stake on Midnight, Cardano's privacy-focused sidechain. The trio reflects a pattern of MoneyGram placing infrastructure bets alongside payment-focused partnerships rather than simply integrating third-party rails.
Sheraz Shere, general manager of payments and commerce at the Solana Foundation, noted that MoneyGram's "global scale and experience serving customers across markets" matches the kind of counterparty the foundation wants engaged as more payments activity shifts on-chain.
MGUSD, Stellar ContextThe Solana move follows MoneyGram's June 2 launch of MGUSD, a USD-backed stablecoin issued on Stellar via Stripe-owned Bridge. That token, described as "GENIUS Act-ready," makes MoneyGram an issuer of a U.S. dollar token on a public chain. MoneyGram has operated on Stellar since a 2021 partnership with the Stellar Development Foundation that has since facilitated more than $4.2 billion in USDC remittance volume.
Chairman and CEO Anthony Soohoo described the company's direction: "We believe the future of global money movement will be built on open, interoperable stablecoin rails that anyone, anywhere can access."
SOL was trading at $71.71 at the time of the announcement.
PANews reported on June 10 that, according to PRNewswire, the Chicago Mercantile Exchange (CME Group) has launched Nasdaq CME Crypto Index futures. These contracts are settled in cash at expiration based on the value of the Nasdaq CME Crypto Settlement Price Index, which tracks the performance of the largest and most actively traded cryptocurrencies by market capitalization. As of June 9, the index included Bitcoin, Bitcoin Cash, Ethereum, Solana, XRP, Cardano, Chainlink, and Stellar.
Circle partners with Nomura Securities to enter the Japanese yen foreign exchange settlement service market.
Stablecoin issuer Circle plans to collaborate with Nomura Securities to launch instant foreign currency settlement for Japanese corporate clients as early as 2027. The initiative will enable large cross-border transactions to be completed immediately, aiming to boost cross-border investment and trade. This will mark the first entry of a major stablecoin issuer into Japan’s corporate transaction market, allowing companies to convert yen into US dollar-denominated stablecoins for investment and instant transfers.
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Institutions' Preview: Overview of US May Core PCE Price Index Monthly Rate
The US May core Personal Consumption Expenditures (PCE) Price Index monthly rate will be released tonight at 20:30 (UTC+8). Below are the forecasts from multiple institutions: Sumitomo Mitsui Banking Corporation: 0.2%; Royal Bank of Canada: 0.2%; JPMorgan Chase: 0.3%; Goldman Sachs Group: 0.3%; Bank of Montreal: 0.3%; Moody's Corporation: 0.3%; Standard Chartered: 0.3%; UniCredit: 0.3%; ING Group: 0.3%; HSBC Holdings: 0.3%; BNP Paribas: 0.4%; Wells Fargo: 0.4%; Capital Economics: 0.4%; Citigroup: 0.4%; Deutsche Bank: 0.4%; Nomura Securities: 0.4%; Pantheon Macroeconomics: 0.4%; Société Générale: 0.4%; Scotiabank: 0.4%; Morgan Stanley: 0.4%
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DA Davidson Raises Micron’s Price Target to $2,000, Retains Buy Rating
U.S. investment bank DA Davidson released a research note stating that Micron Technology has entered a new phase with one of the best performance visibility in the semiconductor industry, a stark contrast to its past standing in the sector. Driven by another quarter of results that handily exceeded expectations and positive forward guidance, Micron’s stock price surged sharply. These signals indicate that the current memory chip boom cycle is far from over. While the company is ramping up capacity investments (with capital expenditure (CAPEX) projected to hit $10 billion in the fourth quarter of fiscal 2026, which will bring additional supply), management expects the memory market to remain tight on supply and demand at least through 2027. Against this backdrop, DA Davidson reiterated its "Buy" rating on Micron and raised its price target from $1,500 to $2,000, equivalent to a 20x price-to-earnings (P/E) ratio based on the company’s 2026 calendar year expected earnings per share (EPS).
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Morgan Stanley raises Micron's price target to $1,200, maintains 'Overweight' rating.
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US officials: Israel has withdrawn troops from parts of the buffer zone in southern Lebanon.
A U.S. State Department official said Israel has withdrawn from parts of the buffer zone in southern Lebanon, describing the move as a "goodwill gesture" toward the Lebanese government.
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CBRS trades below IPO price post-earnings: Erases all gains six weeks after listing, two smart money firms net $5.8 million from first-day IPO shorts.
According to Hyperinsight monitoring, Cerebras (CBRS), the AI chip firm previously dubbed "Nvidia’s strongest challenger", saw its stock price fall in stages after reporting its first quarterly results since going public, as negative guidance overshadowed better-than-expected performance. The stock has dropped roughly 22% since the earnings release and officially broke below its IPO price today. On-chain whales are overall bearish. CBRS trades at $184 on the Hyperliquid platform, down 7.7% in 24 hours. Large-scale short positions (million-dollar level) total around $11.62 million, 2.39 times the long positions ($4.87 million). Two major short positions were placed precisely at high levels as early as the IPO day or even before the IPO: - Whale 0xe0ff: Shorted at $284.51 on May 14 with a 3x leveraged position of $6.13 million, generating an unrealized profit of $3.24 million (+104%); - Whale 0x9996: Shorted at $275.92 on May 11 with a 5x leveraged position of $5.48 million, generating an unrealized profit of $2.64 million (+162%). It is learned that both addresses currently hold short positions in both CBRS and SPCX, and have recorded substantial unrealized profits, preferring to place short positions at high levels before or on the day of major stock listings. With the realization of negative earnings news in this round, the combined unrealized profit of the two positions is around $5.88 million. Currently, the average entry price of CBRS short whales is around $275, and the current price is over 30% lower than that. The nearest short liquidation line is at $200.13, about 7% away from the current price.
Rainberry Inc., the company behind BitTorrent, agreed to pay a $10 million settlement that ends a long-running case with the US Securities and Exchange Commission. The agreement lets the regulator dismiss its remaining civil claims against Justin Sun and affiliated foundations with prejudice, meaning the SEC cannot refile those specific charges.
Sun acquired BitTorrent and integrated it into his Tron blockchain ecosystem, linking Rainberry and the BitTorrent Token (BTT) to his crypto operations. Officials framed the settlement as closure rather than an admission of wrongdoing.
Settlement Reduces Regulatory Overhang For Crypto Projects Reports indicate the SEC’s case targeted allegations tied to token sales, trading practices, and unregistered offerings involving TRX and BTT. By resolving the matter through Rainberry’s payment, civil claims against Sun and the Tron Foundation were dismissed.
Analysts say the move clears a major legal hurdle and may reassure exchanges, investors, and partners that the immediate regulatory risk has been reduced.
The SEC letter to a Manhattan federal court on Thursday. Source: SEC Justin Sun’s Role And Statements On The Outcome Justin Sun and spokespeople emphasized that he did not admit wrongdoing. Sun framed the settlement as an opportunity to focus on product development, partnerships, and community engagement within the Tron ecosystem.
Public filings now reflect that Rainberry’s payment closes its portion of the case while reinforcing Sun’s ongoing leadership of the integrated BTT and TRX network.
The Chinese cryptocurrency entrepreneur Justin Sun reached a $10 million settlement to resolve a US Securities and Exchange Commission civil fraud case over his trading activity https://t.co/qJoSVO20WC
— Reuters (@Reuters) March 6, 2026
Traders Watch For TRX Price Breakout The market wasted no time reacting. Trading volume on TRX spiked on settlement news, though key resistance levels around $0.15 remained untested as of Thursday.
This caution is consistent with where TRX has been for the last 18 months. TRX, at the time of writing, was trading at $0.285, meaning that its value is not in line with the record number of transactions being made on chain.
TRX market cap currently at $27 billion. Chart: TradingView At this point, the market is still pricing in the potential risk of an SEC lawsuit and not valuing TRX for being the most used stablecoin network in the world.
Traders are viewing this settlement as lowering their legal exposure, and therefore will not consider this to be the “big” catalyst to move TRX up in price. Traders are chasing liquidity, depth of buy/sell orders, and the overall macro conditions of crypto when trading TRX.
From a legal perspective, it is important to note that although this particular case has now closed, public accusations of wrongdoing remain on record. As a result, both exchanges and custodians must continue to be vigilant in complying with regulations.
Foundations and Ecosystem Outlook The Tron Foundation has been focusing on developing technical solutions and providing support for projects within its ecosystem. The SEC settlement removes one of the obstacles to developing business and joint venture partnerships. However, restoring confidence in the ecosystem will take some time.
Featured image from Crosley Law, chart from TradingView
Data: Base and Solana account for 97% of AI agent-to-agent transaction share.
According to data compiled by Lisk's chief researcher Leon Waidmann on March 16, AI agent on-chain payment settlements are mainly concentrated on Base and Solana, with these two networks accounting for 97% of all agent-to-agent transactions. Specifically, Base accounts for 59% with 70.9 million transactions; Solana accounts for 38% with 45.3 million transactions; and all other networks account for only 3%, with 3.9 million transactions.
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Circle and Nomura Plan to Launch Stablecoin Settlement Service in Japan, Earliest Launch as Early as 2027
DA Davidson Raises Micron’s Price Target to $2,000, Retains Buy Rating
U.S. investment bank DA Davidson released a research note stating that Micron Technology has entered a new phase with one of the best performance visibility in the semiconductor industry, a stark contrast to its past standing in the sector. Driven by another quarter of results that handily exceeded expectations and positive forward guidance, Micron’s stock price surged sharply. These signals indicate that the current memory chip boom cycle is far from over. While the company is ramping up capacity investments (with capital expenditure (CAPEX) projected to hit $10 billion in the fourth quarter of fiscal 2026, which will bring additional supply), management expects the memory market to remain tight on supply and demand at least through 2027. Against this backdrop, DA Davidson reiterated its "Buy" rating on Micron and raised its price target from $1,500 to $2,000, equivalent to a 20x price-to-earnings (P/E) ratio based on the company’s 2026 calendar year expected earnings per share (EPS).
8 minutes ago
Morgan Stanley raises Micron's price target to $1,200, maintains 'Overweight' rating.
Morgan Stanley released a report raising Micron Technology (MU.O)’s price target from $1,050 to $1,200, while maintaining an "Overweight" rating. The investment bank lifted its fiscal 2027 earnings per share (EPS) forecast for the chipmaker by roughly 40% to $168, and upgraded its free cash flow (FCF) projection from $104 billion to $140 billion. Aligning with Micron’s management, the bank holds that AI will push DRAM demand to consistently outpace supply significantly after 2027. Micron’s last fiscal quarter results matched this trend, with both its quarterly performance and outlook showing notable upside potential.
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US officials: Israel has withdrawn troops from parts of the buffer zone in southern Lebanon.
A U.S. State Department official said Israel has withdrawn from parts of the buffer zone in southern Lebanon, describing the move as a "goodwill gesture" toward the Lebanese government.
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CBRS trades below IPO price post-earnings: Erases all gains six weeks after listing, two smart money firms net $5.8 million from first-day IPO shorts.
According to Hyperinsight monitoring, Cerebras (CBRS), the AI chip firm previously dubbed "Nvidia’s strongest challenger", saw its stock price fall in stages after reporting its first quarterly results since going public, as negative guidance overshadowed better-than-expected performance. The stock has dropped roughly 22% since the earnings release and officially broke below its IPO price today. On-chain whales are overall bearish. CBRS trades at $184 on the Hyperliquid platform, down 7.7% in 24 hours. Large-scale short positions (million-dollar level) total around $11.62 million, 2.39 times the long positions ($4.87 million). Two major short positions were placed precisely at high levels as early as the IPO day or even before the IPO: - Whale 0xe0ff: Shorted at $284.51 on May 14 with a 3x leveraged position of $6.13 million, generating an unrealized profit of $3.24 million (+104%); - Whale 0x9996: Shorted at $275.92 on May 11 with a 5x leveraged position of $5.48 million, generating an unrealized profit of $2.64 million (+162%). It is learned that both addresses currently hold short positions in both CBRS and SPCX, and have recorded substantial unrealized profits, preferring to place short positions at high levels before or on the day of major stock listings. With the realization of negative earnings news in this round, the combined unrealized profit of the two positions is around $5.88 million. Currently, the average entry price of CBRS short whales is around $275, and the current price is over 30% lower than that. The nearest short liquidation line is at $200.13, about 7% away from the current price.
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Multiple high-performing domestic public mutual fund products have tightened their purchase restrictions.
E Fund Management announced in its latest filing that the E Fund Information Industry Select Fund, managed by Zheng Xi, has cut its purchase limit to 10,000 yuan. The same purchase limit reduction to 10,000 yuan applies to another fund under his management, E Fund Information Industry Fund, while E Fund Global Growth Select Hybrid Fund (QDII) has lowered its purchase limit to 10 yuan. In addition, Guolianan Preferred Industry Fund, Harvest Tech Innovation Fund, and Principal Performance-Driven Fund have also announced purchase limits or adjustments to their limits recently. Jin Zicai, a fund manager closely watched by the market, imposed additional purchase limits on multiple public offering funds under his management, with the four funds involved cutting their purchase limits to 500 yuan starting June 23. Purchase limits on high-performing funds likely stem from multiple considerations: they can avoid return dilution caused by short-term concentrated subscriptions, and proactive limits during overheated market conditions also send risk warning signals to the market. As the first half of the year draws to a close, such moves have become increasingly frequent. Overall, Wind data shows that since June alone, 19 funds with year-to-date net asset value returns exceeding 90% have suspended large subscriptions or adjusted their purchase caps. (Source: Cailian Press)
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The US stock market's optical communication sector rises across the board in pre-market trading, with Corning up 9.28%.
According to Bitget market data, the U.S. stock market's optical communication sector saw broad pre-market gains, with MRVL rising 4.99%, LITE up 3.24%, Nokia up 3.11%, Corning up 9.28%, and AXTI up 6.69%.
Cover image via U.Today 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 has joined the ongoing market rally, forming a new bottom around the $80 price mark and now eyeing the $90 resistance mark. This uptick comes as the digital currency confirmed the formation of a golden cross on a lower time frame, setting up a basis for a stronger rally in the short term.
Solana on-chain metrics flip positiveAccording to data from CoinMarketCap, every visible Solana metric is in positive territory. Solana volume has jumped by more than 88% in the past 24 hours as total SOL traded in dollar terms surpassed $6 billion.
This volume shift shows more interaction with the asset by market traders as a broader shift in the industry shows a relief rally is underway.
Market data suggests a golden cross formation has formally been logged by Solana. This golden cross appeared on the four-hour chart as the short term 9-day moving average has crossed above the longer-term 21-day average.
Solana Price Chart | Source: TradingView/CoinMarketCapThe shift in Solana comes following the price bottoming at a daily low of $78.43. At the time of writing, the digital currency is now changing hands for $84.67, up by 5.43% in the past 24 hours.
The Solana price has faced many bearish triggers in the past few months, shown by its more than 71% drawdown from its all-time high of $294.33.
Market rebound here to stay?Solana is not the only altcoin that has seen a similar relief rally. As of writing time, Ethereum has hit a multiweek high of $2,251, up by 5.83% in the past 24 hours.
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XRP has rallied 4.64% to $1.381, and Cardano has reclaimed the $0.26 resistance atop a 6.32% uptick in the past day.
Amid the broader market rebound, the consensus is that the bottom is yet to form, and traders risk falling into a bull trap. However, with capital flowing back into crypto funds, altcoins like Solana and XRP may shine brighter in the coming weeks.
Ravencoin (RVN) and Lagrange (LA) are the top trending tokens in the market today South Korean exchange, Upbit, listed RVN and announced market support for LA, driving their price growth While the crypto market continues its average performance, some altcoins are showing exceptional growth today. Bitcoin and Ether continue to surf at around $104K and $2.5K price levels, and major altcoins like XRP, Solana, Dogecoin, and BNB also record no significant price surges.
Meanwhile, two altcoins, Ravencoin (RVN) and Lagrange (LA), are shaking the market with their price rallies. They even made it to the popular top trending list on the CoinMarketCap live-price tracking platform. If a cryptocurrency is recording price growth, there could be multiple reasons. One of the main ones is a token listing announcement by a renowned crypto exchange platform!
Ravencoin (RVN) and Lagrange (LA) Prices Rally Following Upbit Listing Upbit is the largest crypto exchange platform in South Korea, and its token listing announcements often led to huge price spikes. On similar lines, its recent announcements about Ravencoin and Lagrange have resulted in their incredible price surges.
Upbit has announced that its users can now trade RVN tokens with local KRW currency on the platform. The token went live on the exchange today at 5 pm local time.
Ravencoin (RVN) witnessed a sharp price spike and went from a low of $0.01079 to a 24-hour high of $0.02267. The upbit listing is the major drive behind its 100% surge. The RVN token is currently trading at $0.01598 with only a 45% 24-hour surge. Its trading volume has increased by a whopping 6,074.18%, thanks to the Upbit listing announcement.
On the other hand, Lagrange (LA) is a relatively new token that made its entry to the market not more than a couple of days ago. Upbit has announced that it is going to offer trading support for Lagrange token in BTC and USDT markets. This is huge news from an exchange like Upbit for a relatively new token like LA.
The Lagrange (LA) token has witnessed considerable growth since its launch. And a market support announcement by Upbit has further boosted its market price. The LA token is currently trading at $1.32, with a 240% price surge in the last 24 hours. It is gaining huge traction from day 1, being developed by a zk-proof networks developer.
South Korea has a thriving community of crypto enthusiasts. Events like these further confirm its leading position in global crypto markets. The recent change of government in South Korea is optimistic for the crypto space.
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Manisha is a proficient content writer with a keen eye for blockchain, NFTs, and fintech trends. With a passion for breaking down complex topics, she delivers insightful and engaging content for the Web3 community. Her expertise spans emerging market trends, latest news, and industry developments.
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PANews, June 20 – According to CoinDesk, the Algorand Foundation has released a quantum-resistant upgrade roadmap, planning to initiate a series of protocol overhauls in 2026 and achieve overall "quantum safety" capabilities for the network by late 2027 to 2028, in order to address the potential threat that future quantum computing poses to existing cryptographic systems. The roadmap shows that the first phase will introduce a post-quantum account system, multi-signature wallets, and staking support, followed by a gradual upgrade of core protocol components to achieve a comprehensive cryptographic migration from the wallet layer to the infrastructure. It is reported that multiple public chain ecosystems, including the Ethereum Foundation and Solana, have also launched similar quantum-resistant cryptography research and migration planning.
Solana-based Drift Protocol has suffered the largest exploit of 2026 to date, losing nearly $300 million in a “highly sophisticated operation” that has raised concerns about the growing threat of human-targeted attacks in the crypto space.
Solana DEX Loses $285M On April Fool’s Day On Wednesday, Solana-based decentralized exchange (DEX) Drift Protocol was the victim of an exploit that stole hundreds of millions of dollars from its vaults. After online reports flagged unusual on-chain activity yesterday afternoon, Drift’s official channels confirmed the attack, quickly suspending deposits and withdrawals.
Drift Protocol confirms the attack. Source: X According to reports, the attack lasted less than 20 minutes and stole around $285 million in multiple assets, including USDC, JPL, USDT, JUP, USDS, WBTC, and WETH, from nearly 20 vaults. This marks the largest crypto exploit of 2026 to date, and one of the largest hacks in the industry, just above WazirX’s $235 million hack.
The hack wiped out half of the Solana-based project’s total value locked (TVL), which fell from roughly $550 million to $252 million, per DeFiLlama data. Drift protocol’s token, DRIFT, also plunged, retracing nearly 40% over the past 24 hours.
Within hours, the exploiter had swapped $270.9 million into USDC, bridged them from Solana to Ethereum via the CCTP TokenMessengerMinterV2, and purchased 129,000 ETH, splitting them across multiple wallets.
In a Thursday post, Drift shared the details of the incident, affirming that “a malicious actor gained unauthorized access to Drift Protocol through a novel attack involving durable nonces, resulting in a rapid takeover of Drift’s Security Council administrative powers.”
Solana’s durable nonces are an advanced mechanism that allows transactions to bypass the typical short expiration date of regular transactions. This enables users to pre-sign transactions for future execution, offline signing, or complex multisig workflows.
“This was a highly sophisticated operation that appears to have involved multi-week preparation and staged execution, including the use of durable nonce accounts to pre-sign transactions that delayed execution,” the post continued.
Malicious Actors Targeting Humans, Not Smart Contracts The Solana-based DEX emphasized that the exploit was not the result of a bug in Drift’s programs or smart contracts, noting that they found no evidence of compromised see phrases either.
“The attack involved unauthorized or misrepresented transaction approvals obtained prior to execution, likely facilitated through durable nonce mechanisms and sophisticated social engineering,” the project underscored.
Lily Liu, President of the Solana Foundation, addressed the incident, asserting that it is a blow to the whole Solana ecosystem. Liu pointed out that “Smart contracts held up. The real targets now are humans: social engineering and opsec weaknesses more than code exploits.”
Ledger CTO Charles Guillemet linked Drift’s attack method to Bybit’s $1.4 billion hack, which was attributed to North Korean hacking groups. As he explained, the attackers likely compromised several machines belonging to multisig signers through long-term infiltration and misled operators into approving the malicious transactions.
This modus operandi is similar to the Bybit hack last year, widely attributed to DPRK-linked actors. The pattern is becoming familiar: patient, sophisticated supply-chain-level compromise targeting the human and operational layer, not the smart contracts themselves.
Guillemet affirmed that the incident is “yet another wake-up call for the industry” to raise the bar on security. “Ultimately, security is not just about code audits. It’s about giving operators and users the right information at the right time, so they can make informed decisions about what they sign,” he concluded.
Solana trades at $76 in the one-week chart. Source: SOLUSDT on TradingView Featured Image from Unsplash.com, Chart from TradingView.com
Harmony led with a 26% rise in developer activity, followed by Gnosis (+25%), Avalanche (+23%), and Arbitrum (+20%).
Amid a notable downturn in the digital asset markets, blockchain developer activity has continued to rise, defying concerns that the ‘crypto market is dead.’
A recent report from Santiment highlights growth in development efforts across the top ten crypto ecosystems, with increases ranging from 11% to 26% in the past month.
Increased Developer Activity According to analysis from the blockchain analytics firm, the Harmony network recorded the highest increase in development activity, jumping by 26%, with a 4.7% rise in active contributors. Gnosis followed closely with a 25% surge, although it was the only blockchain to report a drop of 2.2% in contributors.
Avalanche and Arbitrum also experienced gains, with activity rising 23% and 20%, respectively. Despite being hit the most by the recent marketwide downturn, the Ethereum network saw a 13% jump in development events and a 1.9% rise in active contributors.
The BNB Chain ecosystem recorded a 17% increase in developer activity, while Polygon and Solana, two of the most actively used blockchain networks, saw engagement grow by 19% and 17%, respectively. Meanwhile, Cosmos had a 9% rise in efforts, with a notable 2.8% uptick in the number of contributors.
Crypto Market Downtown These figures come against a backdrop of a declining crypto market. CoinGecko data shows that the total market capitalization has crashed by almost 10% over the past 24 hours to $2.84 trillion.
Investor sentiment has also taken a hit, with the Crypto Fear and Greed Index plunging from 49 to 10 at one point, a shift from “neutral” to “extreme fear.”
You may also like: Jaredfromsubway Hacker Ignores 50% Bounty, Routes Funds to Tornado Cash BitMine, SharpLink, and Joe Lubin Back New Ethereum Nonprofit ETHLabs New Proposal Redirects 10% of Staking Rewards to Fund Ethereum Ecosystem BTC is trading at $83,833 after an 8.9% decline, with its market cap falling from $1.85 trillion to $1.66 trillion. ETH has been hit even harder, tumbling 10.9% to $2,091, its lowest price in 16 months. Analysts warn the token could retreat to $1,200, revisiting bear market lows from late 2022.
Several altcoins also dipped steeply following a brief Trump-driven rally over the weekend. At the time of writing, XRP had dropped 8.5% to $2.36, SOL had fallen 14.7% to $136.4, and ADA had taken the hardest hit, plunging 15.6% to $0.804. The rally had been caused by President Donald Trump’s announcement that a proposed U.S. crypto strategic reserve could include these assets.
However, the market reacted negatively to Trump’s confirmation that new 25% tariffs on imports from Canada and Mexico will take effect Wednesday, along with plans to double tariffs on Chinese goods from 10% to 20%.
Blockchain.com has successfully registered with the UK’s FCA after a four-year effort, signaling growing regulatory clarity in the region. Increased regulatory approval builds institutional confidence and shifts focus toward solving core crypto challenges like fragmented liquidity. LiquidChain is a Layer 3 protocol designed to unify liquidity from Bitcoin, Ethereum, and Solana into a single execution layer. After a protracted four-year process, crypto exchange and wallet provider Blockchain.com has officially secured registration as a cryptoasset business with the UK’s Financial Conduct Authority (FCA).
The development marks a significant milestone, not just for the London-based company, but for the broader UK digital asset landscape. It signals a move toward greater regulatory clarity in a key global financial hub. That kind of clarity breeds confidence. And it lays the trust foundation needed for the next wave of innovation to actually ship, not just get pitched.
The road to approval was anything but smooth. Blockchain.com initially withdrew its application in March 2022, facing an impending deadline without a clear path to licensing. Its return and subsequent success underscore a thawing in the relationship between crypto firms and UK regulators. This approval allows the firm to offer digital asset services to its UK customers in full compliance with anti-money laundering and counter-terrorist financing regulations.
In practical terms, it helps normalize crypto operations, moving them from a regulatory grey zone into the mainstream financial ecosystem. What changes on day one? Not much.
The signal to larger pools of capital? Huge, because institutions track these green lights closely. As institutional players and cautious capital observe these developments, the demand for robust, transparent, and scalable on-chain infrastructure is exploding. The market is maturing beyond isolated ecosystems, and the next frontier is unifying them.
That’s exactly where new protocols built for a regulated, cross-chain world are starting to find their footing. Projects like LiquidChain ($LIQUID).
LiquidChain Fuses $BTC, $ETH, and $SOL Liquidity As regulatory frameworks solidify, the focus shifts to solving crypto’s core technical challenge: fragmented liquidity. Billions of dollars are locked in separate, siloed ecosystems like Bitcoin, Ethereum, and Solana, creating inefficiency and poor user experiences.
LiquidChain ($LIQUID) is a new Layer 3 protocol engineered to dismantle these walls. It’s building a unified liquidity layer that fuses the three largest crypto ecosystems into a single, cohesive execution environment.
This isn’t just another bridge. LiquidChain’s architecture lets developers deploy an application once and gain native access to the liquidity and user bases of Bitcoin, Ethereum, and Solana simultaneously. The second-order effect is a sharp drop in complexity for both builders and users. No more juggling risky wrapped assets or multi-step cross-chain swaps.
Instead, the protocol offers Single-Step Execution, where complex operations across chains are settled verifiably in one go. Ambitious? Absolutely, but it’s already resonating with early backers. The project’s presale has drawn notable interest, raising over $533K with its $LIQUID token priced at just $0.0136. That early momentum suggests a strong appetite for solutions that tackle DeFi’s most persistent pain points.
BUY YOUR $LIQUID FROM ITS OFFICIAL PRESALE PAGE
A New Infrastructure for a Maturing Market The timing for a protocol like LiquidChain couldn’t be better. With institutional-grade regulatory clarity on the horizon, the demand for equally professional infrastructure is paramount. Institutions don’t want to deal with fragmented systems; they need seamless, efficient, and verifiable platforms for capital allocation.
LiquidChain’s Cross-Chain VM (Virtual Machine) aims to provide precisely this, an environment where assets from disparate chains can interact without custodial risk. In previous cycles, we’ve seen regulatory green lights precede infrastructure buildouts; this pattern feels familiar, and the timing is punchy.
The risk, of course, is that building such a complex L3 is a monumental technical challenge, and adoption will take time. Still, the value proposition is clear. By creating a shared liquidity and execution layer, LiquidChain aims to become the foundational plumbing for the next generation of DeFi applications.
Its native token, $LIQUID, serves multiple functions within this ecosystem, including powering transactions (as gas), rewarding liquidity providers through staking, and funding developer grants to expand the network. For a market that’s finally growing up, infrastructure that abstracts away the complexity of a multi-chain world isn’t just a convenience, it’s a necessity.
LEARN MORE ABOUT LIQUIDCHAIN
This article is for informational purposes only and should not be considered financial advice. All investments carry risk, especially in the volatile crypto market.
PANews reported on March 30 that, according to Cointelegraph, Walmart-owned OnePay added SUI, Polygon, and Arbitrum to its cryptocurrency portfolio last Thursday. In the preceding days, the platform had already listed 10 tokens, including Solana, Cardano, BitcoinCash, and PAXGold, bringing the total number of newly added cryptocurrency tokens to more than ten.
OnePay launched its cryptocurrency service in January of this year, initially offering only Bitcoin and Ethereum trading. Ron Rojany, General Manager of OnePay's Core Applications and Crypto Business, stated that the platform will cautiously expand into crypto assets, prioritizing asset demand, liquidity, regulatory clarity, and long-term usability, focusing on meeting users' actual needs rather than chasing popular assets. OnePay positions itself as a US version of WeChat, a super app that already offers high-yield savings, credit cards, loans, and other banking services. Its digital wallet can be used for payments at Walmart physical stores and on the Walmart website.
PANews reported on June 2nd that, according to Decrypt, following the CFTC's approval of Bitcoin perpetual contracts last Friday, prediction market maker Kalshi quickly submitted self-certification applications for perpetual contracts on 12 major altcoins, including Ethereum, XRP, Solana, Dogecoin, Stellar, Chainlink, Bitcoin Cash, Litecoin, Sui, Shiba Inu, Polkadot, and Hedera. The CFTC stated that while approving the Bitcoin perpetual contract, perpetual contracts for other assets will be reviewed on a case-by-case basis; therefore, Kalshi's applications have not yet been approved.
On June 14, U.S. Securities and Exchange Commission (SEC) filings show the regulator has formally approved a rule change proposed by NYSE Arca that enables the listing and trading of the T. Rowe Price Active Crypto ETF. An actively managed cryptocurrency ETF, the fund will invest in a basket of digital assets meeting SEC-defined "eligible asset" criteria. While it uses a cryptocurrency index as its benchmark, it will not track that index passively. The filing notes the fund is projected to hold roughly 5 to 15 distinct cryptocurrencies, including major tokens like Bitcoin (BTC), Ethereum (ETH), Solana (SOL), XRP, Cardano (ADA), Avalanche (AVAX), Litecoin (LTC), Polkadot (DOT), Dogecoin (DOGE), and Chainlink (LINK). The SEC filing also reveals the fund may hold stablecoins—primarily USDC—as "tokenized cash" during normal operations to cover expenses and rebalance assets, though these will not count toward its core investment portfolio. The approval notice stresses the product must adhere to NYSE Arca’s rules around anti-manipulation, disclosure, liquidity, and risk management. It also requires the fund to have information barriers (often called "firewalls") and position transparency mechanisms in place to uphold market fairness and prevent insider trading. Analysts say this ETF’s approval further expands cryptocurrency’s footprint within the traditional financial sector, marking the arrival of actively managed multi-crypto ETFs as tradable products under mainstream regulatory oversight.
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TLDR Solana price moved into the weekly lower Bollinger Band after a sharp decline in recent sessions. Analysts identified the $58 to $67 range as a key support zone based on previous price reactions. Trading volume increased during the sell-off, showing strong market participation at lower levels. Solana price remains below key moving averages, including the 8-week, 34-week, and 50-week levels. One analyst stated that Solana could retest support before attempting a recovery toward $120 to $175. Solana price dropped toward a key support area after a sharp weekly decline. The asset approached its lower Bollinger Band while nearing a defined buy zone. Analysts now outline downside risk and a possible rebound range later this year.
Solana Price Tests Lower Band as Selling Pressure Builds Solana price moved into the weekly lower Bollinger Band near $67 after recent losses. The drop followed a strong sell-off that pushed the price close to $68.
Cheds Trading stated, “SOL has reached the lower Bollinger Band on the weekly timeframe.” He added that this level often signals oversold conditions or continued downside pressure.
The Bollinger Band tracks volatility using standard deviations around a moving average. Therefore, the price in the lower band reflects stretched selling conditions in many cases.
However, strong downtrends can keep prices near the lower band for extended periods. As a result, traders monitor whether the price stabilizes or continues downward movement.
Solana price also trades below key moving averages across multiple timeframes. These include the 8-week, 34-week, and 50-week averages, which now act as resistance.
The 200-week moving average remains near $100, well above current price levels. This gap highlights the scale of the recent decline.
Trading volume increased during the latest drop, showing active market participation. Therefore, the $67 level now serves as a near-term reference point for price direction.
Analysts Identify $58-$67 Support Range for Recovery Setup Another analyst outlined a defined support zone between $58 and $67 based on past price action. This range aligns with earlier monthly wick areas that triggered strong reactions.
Jack Adams said, “SOL could revisit this range before attempting a recovery higher.” He suggested the move may occur quickly rather than through gradual decline.
I am almost certain $SOL is heading back it retest $67-58 once more before reversing into $120-$175 this year.
Based on the SOL/BTC & ETH charts this should be over and done with quick rather than a slow bleed in regards to the buy zone.
Marking out previous monthly wicks &… pic.twitter.com/nbNXm2tLge
— Jack Adams (@JackAdams66) June 3, 2026
Solana price currently trades near $72.61, placing the support zone within close reach. Therefore, traders expect a possible retest before any upward movement.
The chart also shows resistance at the 14-week EMA near $87.70. A break above this level could indicate weakening selling pressure.
Adams identified a potential recovery range between $120 and $175 if support holds. However, he warned that a breakdown below $58 would weaken this outlook.
He added that price behavior on SOL/BTC and ETH pairs supports the retest scenario. These structures suggest a final move lower before any reversal attempt.
The identified buy zone remains tied to historical reaction points in previous cycles. Therefore, price action within this range may guide the next directional move.
Another multi-million-dollar attack has hit the DeFi sector after liquidity provider and market maker TrustedVolumes fell victim to a smart contract exploit on Thursday night.
TrustedVolumes Hit By $6.7M Hack On Thursday, DeFi platform TrustedVolumes, one of 1inch liquidity providers and market makers, suffered a new exploit that drained millions of dollars in multiple assets from the project.
According to reports from blockchain security firms PeckShield and Blockaid, the attacker stole approximately $6 million in Wrapped Ethereum (WETH), Wrapped Bitcoin (WBTC), USDT, and USDT after exploiting a vulnerability in the protocol’s core signature validation logic, which allowed them to bypass authorization checks and forge trading orders.
Notably, the hacker quickly exchanged all assets for 2.513 ETH on a Decentralized Exchange (DEX) and distributed them across three addresses. In an X post, TrustedVolumes confirmed the incident, sharing the addresses currently holding the stolen funds and updating the estimated loss to roughly $6.7 million.
TrustedVolumes confirms exploit. Source: X The vulnerability was a TrustedVolumes-controlled custom RFQ (request for quote) swap proxy. Crypto researcher Humphrey explained that “the Custom RFQ Swap Proxy contract contains a function designed to manage the ‘authorized order signer’ whitelist. Such whitelist mechanisms are common in DeFi—only addresses on the whitelist can issue valid transaction instructions on behalf of the protocol.”
However, he noted that “this registration function is public and lacks any permission modifiers.” As a result, the attacker exploited this public function within the contract, registering themselves as an authorized order signer.
“Since any external address can call this function, it is equivalent to giving everyone the ability to make a copy of the safe’s key,” the researcher continued.
Same Hacker, Different Attack The online reports revealed that the attacker was the same hacker responsible for the $5 million 1inch Fusion V1 Settlement contract exploit in March 2025, which TrustedVolumes was the primary victim.
Humprey highlighted that while the same individual carried out both attacks, they were significantly different on a technical level. According to the post, the 2025 vulnerability involved low-level EVM memory manipulation in the 1inch Fusion V1 Settlement contract.
At the time, the hacker “proactively initiated on-chain negotiations,” offering to return the stolen assets for a white hat bounty. The DeFi platform accepted the proposal, and most of the funds were safely returned.
Now, TrustedVolumes affirmed that it is “open to constructive communication regarding a bug bounty and a mutually acceptable resolution.”
Decentralized exchange aggregator 1inch clarified that there was no impact on its systems, infrastructure, or user funds, explaining that “TrustedVolumes operate independently as a liquidity provider, used by multiple protocols across the industry, and are not exclusive to 1inch.”
DeFi Exploits See Historic Surge This attack follows a wave of exploits that has shaken the DeFi sector over the past month. Last week, PeckShield revealed that the crypto space saw 40 major hacks in April, which drained approximately $647 million.
This figure represents a 1,140% Month-over-Month (MoM) increase from March’s $52.2 million. It also represents a 292% surge from the $165 million the DeFi sector lost during the first quarter of 2026.
Notably, the top two incidents of the month, Drift Protocol’s $285 million and KelpDAO’s $290 million exploits, accounted for 91% of the funds lost last month. In addition, they now rank among the Top 10 hacks since 2021.
ETH’s performance in the one-week chart. Source: ETHUSDT on TradingView Featured Image from Unsplash.com, Chart from TradingView.com
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Solana stakers have collectively earned more than $1 billion this year. SOL Strategies wants to make sure that money flows through a healthier, more decentralized validator set.
The company, which trades on both NASDAQ under ticker STKE and the Canadian Securities Exchange as HODL, launched its liquid staking token STKESOL on January 20, 2026. At launch, more than 500,000 SOL were staked into the protocol. That figure has since climbed to roughly 691,000 SOL in total value locked.
How STKESOL actually works STKESOL gives SOL holders a tradeable token that accrues staking rewards relative to the underlying SOL. The token is built on Solana’s audited SPL Stake Pool Program, meaning holders can participate in DeFi applications while their original SOL continues earning staking rewards in the background.
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Rather than funneling everything to the biggest validators, STKESOL uses an algorithmic delegation model. The system routes stake to a diverse set of between 40 and 75 validators, selected through SOL Strategies’ proprietary Stakewiz Wiz Score methodology. That scoring system evaluates over 15 metrics across a 30-day window, covering factors like validator performance and contribution to decentralization.
DeFi integrations and revenue model SOL Strategies lined up integrations with several prominent Solana DeFi platforms at launch, including Orca, Squads, Kamino, and Loopscale.
Orca is one of Solana’s largest decentralized exchanges. Kamino focuses on automated liquidity strategies. Squads provides multisig infrastructure for teams and treasuries. Loopscale handles structured lending.
SOL Strategies generates revenue from STKESOL through two channels: fees on deposits into the staking pool and a share of the staking rewards generated by the underlying SOL.
The company has also been expanding its infrastructure footprint through acquisitions. SOL Strategies acquired Houdini Swap for $18 million and also brought Darklake/Zyga into its portfolio.
The VanEck connection SOL Strategies has been named a staking provider for the VanEck Solana ETF.
The risk side of the equation is worth considering. Liquid staking tokens introduce smart contract risk on top of the underlying staking risk. If there’s a bug in the SPL Stake Pool Program or if the Wiz Score methodology underperforms in selecting reliable validators, stakers could face losses or depeg scenarios. SOL Strategies notes the program has been audited, but audits reduce risk rather than eliminate it.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Solana-focused treasury and infrastructure company Solmate Infrastructure has accused RockawayX CEO Viktor Fischer of leading a campaign that damaged shareholder value after a proposed acquisition between the two companies collapsed.
In a statement released on June 24, Solmate, formerly known as Brera Holdings, said it is defending shareholders from what it described as a fraudulent effort by Fischer and RockawayX to exploit the company for personal gain.
Solmate claimed the dispute began as an attempt to extract roughly $200 million through a proposed transaction. It later became a broader campaign that hurt market perception and contributed to a significant discount in the company’s valuation.
Solmate expands legal battle against RockawayX The latest statement follows an SEC filing that gives more details on the dispute.
In a June 12 letter, lawyers representing Solmate alleged that RockawayX, its affiliates, and other related parties may have acted together to influence or obtain control of the company.
The letter questioned whether investors had been properly informed of a potential Section 13(d) group under U.S. securities laws.
Solmate also pointed to the timing of several events. According to the filing, RockawayX-linked affiliates sought to replace the company’s board before Forward Industries submitted an unsolicited proposal to acquire Solmate.
The filing also noted existing investment ties between Forward Industries and RockawayX through OnRe.
Solmate argued that shareholders deserve clarity on whether those actions were independent or part of a coordinated effort involving Fischer, RockawayX, and affiliated entities.
Failed acquisition sits at center of dispute The SEC filing also included a Delaware complaint filed by Solmate against RockawayX, RockawayX Holding, and Fischer.
According to the lawsuit, Solmate explored acquiring RockawayX in late 2025 and publicly announced a non-binding term sheet in December.
The complaint alleges that RockawayX presented financial materials portraying the company as a rapidly growing and profitable digital asset business that could support a substantial acquisition valuation.
Solmate claims its due diligence later found that projected profitability relied heavily on speculative future revenue streams, unrealized investment valuations, contingent economics, and other assumptions that overstated recurring operating performance.
The lawsuit alleges that those discrepancies caused the proposed transaction to collapse in February.
At the time of writing, RockawayX and Fischer had not publicly responded to Solmate’s latest statement.
Final Summary Solmate says a campaign linked to RockawayX CEO Viktor Fischer harmed shareholder value after a proposed acquisition collapsed. The dispute now includes a Delaware lawsuit, SEC disclosures, fraud allegations, and questions over potential coordinated shareholder activity.
Solana just got its fourth independent validator client a step closer to production. Mithril, built by Overclock Validator, successfully produced blocks on Solana’s Alpenglow community test cluster on June 24, marking a significant milestone for both the project and the broader network’s push toward client diversity.
Here’s the thing: running a Solana validator has historically required beefy hardware. Mithril wants to change that equation entirely, targeting hardware specs as modest as 16-32GB of RAM.
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What Mithril actually is, and why it matters Mithril is a verifying full-node client for Solana, written in Go. It’s an alternative piece of software that can do the same job as Solana’s existing validator clients, but built from scratch in a different programming language with a different design philosophy.
The initial SVM (Solana Virtual Machine) implementation for Mithril was completed by mid-2024, meaning the team has been building toward this block-production milestone for roughly two years. Producing blocks on a test cluster isn’t the same as running on mainnet, but it’s the kind of concrete progress that separates vaporware from viable infrastructure.
The Alpenglow upgrade: Solana’s biggest consensus overhaul The cluster where Mithril produced its first blocks isn’t just any testnet. Alpenglow represents the largest consensus overhaul in Solana’s history, and the community test cluster has been live since mid-May 2026.
Solana’s current consensus mechanism relies on two core technologies: Proof-of-History and TowerBFT. Alpenglow plans to replace both. The upgrade introduces Votor for fast finality and Rotor for optimized data propagation, targeting a finality time of approximately 150 milliseconds. That’s roughly a 100x improvement in finality speed over the current setup.
Mithril’s roadmap includes native Alpenglow consensus verification through integration of Votor and what the team calls Lightbringer/Rotor. The emphasis is on enabling self-verification on typical consumer hardware, which would be a meaningful departure from the status quo where validator requirements effectively price out smaller operators.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
As June draws to a close, Solana is sending mixed signals to the market. The cryptocurrency faces cautious sentiment in the near term, yet longer-term forecasts suggest the price may find solid ground for a rebound. This uncertainty remains a focal point for traders navigating a volatile landscape.
Limited upside expected in the near termAccording to the latest projections, Solana’s price is expected to increase to $71.20 by June 29, 2026. This figure represents an uptick of around 2.27% compared to current levels. However, this forecast arrives at the end of a challenging week, with SOL dropping 5.50% over the last seven days.
Current predictions indicate that Solana may rise to $71.20 by June 29, 2026, marking a 2.27% gain from today’s price.
Technical indicators, however, paint a more muted picture. Of the 30 major metrics tracked, just one is flashing a bullish signal, while 29 point to ongoing weakness. This imbalance suggests that selling pressure has yet to be fully alleviated in the short term.
Ongoing pressure in technical indicatorsThe 200-day simple moving average is projected to retreat to $89.99 by July 24. In comparison, the 50-day simple moving average is expected to settle at $76.08. These metrics reinforce that price momentum is still constrained.
Meanwhile, Solana’s Relative Strength Index (RSI) currently sits at 47.41, signifying a neutral range—neither overbought nor oversold. Solana is widely recognized for its high transaction capacity and low-cost transfers, making it a notable player in the blockchain space.
Mini glossary: The RSI is a technical indicator measuring the speed and direction of price movements. A reading below 30 generally suggests oversold conditions, while above 70 indicates overbought territory.
Market participants often interpret this neutral zone as a sign that a new and stronger catalyst may be needed for a breakthrough. On the downside, support lies at $68.03, $66.40, and $64.43. To the upside, resistance is layered at $71.62, $73.58, and $75.21.
Longer-term projections more optimisticDespite the current technical pressures, analysts take a more positive view when looking toward 2026. Forecasts suggest Solana could trade in a broad range between $69.58 and $122.76 throughout the year, with an annual average price estimated near $105.62.
Should these projections materialize, it would amount to an impressive 76.35% return on current prices. Still, these scenarios are not absolute and remain sensitive to evolving market conditions.
Correlation data highlights broader market impactCorrelation metrics show that Solana’s price direction is shaped not only by its own fundamentals but also by wider market dynamics. Over the past week, SOL demonstrated strong positive correlation with tokens including Aave, Bitcoin, Litecoin, Aptos, and KuCoin Token. This pattern suggests that overall crypto market strength often reflects directly on Solana’s trajectory.
For now, Solana’s price is caught between a subdued short-term technical outlook and more hopeful long-term expectations. The next significant price move will likely depend on a stronger directional signal or broad-based market support emerging in the coming weeks.
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.
Baton Corporation, the company behind Solana’s dominant memecoin launchpad Pump.fun, is looking for a Chief Legal Officer, and it is willing to pay seriously for the privilege. Co-founder Alon Cohen announced the opening on X around June 23, 2026, with a base salary range running from $1M to $5M.
The CLO role is not decorative. Baton needs someone who can navigate the full alphabet soup of US regulators: the SEC, CFTC, FinCEN, and OFAC, plus compliance frameworks across the UK, EU, and Asia-Pacific markets.
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Baton is also dealing with a live legal threat. A class-action lawsuit filed January 30, 2025, in the Southern District of New York, case number 1:25-cv-00880, alleges that Baton and its founders conducted unregistered securities offerings tied to tokens launched on the Pump.fun platform.
Baton can afford this. Pump.fun has posted daily trading volumes exceeding $300M and recorded profits surpassing $500M in the past year. Those are numbers that would turn heads in any sector, let alone one run by a team of under 100 people.
Pump.fun launched in early 2024 and rapidly became the go-to platform for memecoin creation on Solana. The model is simple: anyone can deploy a token in seconds, with liquidity bootstrapped automatically through a bonding curve mechanism. It made launching a memecoin nearly frictionless, which is both the product’s appeal and its regulatory vulnerability.
When a crypto-native company pegs a legal hire at up to $5M base, it is not just recruiting, it is communicating. The pool of lawyers who genuinely understand both traditional securities law and the mechanics of on-chain token issuance is small, and attracting someone from that pool means competing with BigLaw partnerships and senior regulatory roles at institutions where total compensation can easily clear seven figures.
For investors and traders active in the Solana memecoin ecosystem, the practical risk calculus is shifting. Tokens launched on Pump.fun carry exposure not just to price volatility but to the platform’s regulatory status. If the unregistered securities claim gains traction in court, it could affect how the platform operates, what tokens remain accessible, and whether certain user activity becomes legally complicated.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Sell pressure persisted in the cryptocurrency market on Wednesday, pushing Bitcoin to its lowest level in 21 months as leading altcoins and crypto-focused stocks also declined. Analysts suggested this weakness could be linked to a broader risk-off trend impacting semiconductor and artificial intelligence stocks.
Sharp downturn in Bitcoin and altcoinsAccording to CoinGecko, Bitcoin, the world’s largest digital asset by market capitalization, dropped to as low as $59,217 during the day before recovering to $60,700. The coin registered a 2.7% loss over 24 hours. This downside momentum mirrored mounting pressures on Wall Street, bringing Bitcoin closer to its third consecutive daily fall.
Bitcoin’s slide triggered broader declines among altcoins. Ethereum fell 3.1% to $1,610. XRP dropped the same percentage to $1.07, while Solana dipped 2.6% to $67. Dogecoin, meanwhile, sank 4.6% to $0.075 in the same timeframe. There are mounting concerns that XRP could soon dip below $1 for the first time since the post-2024 election rally attributed to Donald Trump’s presidential win.
AssetLatest price24h changeBitcoin$60,700-2.7%Ethereum$1,610-3.1%XRP$1.07-3.1%Solana$67-2.6%Dogecoin$0.075-4.6%Bitwise Senior Investment Strategist Juan Leon emphasized that while days like this can be painful, the market has experienced similar periods before.
Bitwise, a leading digital asset investment firm, offers products focused exclusively on cryptocurrencies. Juan Leon from Bitwise noted that sharp selloffs are often perceived at the time as undermining the market thesis. However, he highlighted that despite the turbulence, technology continues to be adopted as a vital part of modern financial infrastructure.
Crypto investment firm and ETF issuer 21Shares also addressed persistent market weakness. The company had previously suggested that Bitcoin could break out of its historic four year cycle by 2026. In its latest market report published Wednesday, however, 21Shares conceded that, six months on, this forecast has not yet been validated. The statement came as Bitcoin dipped below $60,000 for the second time this month.
21Shares stated that while they anticipated the end of Bitcoin’s four year cycle entering 2026, after six months, price action still largely follows this established pattern.
Market pressures intensified in the run-up to key US inflation data closely watched by the Federal Reserve. Economists predicted the Personal Consumption Expenditures Index would show a 4.1% year-on-year rise on Thursday, marking its third straight month of acceleration.
Risk-off sentiment in equities weighs on cryptoAnalysts noted that investors continued to price in the influence of Federal Reserve Chair Kevin Warsh’s recent hawkish comments on monetary policy. Expectations of tighter financial conditions typically exert additional pressure on risk assets. CME Watch data indicated that the market is currently factoring in a possible Fed rate hike at the September meeting.
According to a note shared by Wintermute OTC trader Jasper De Maere, weaker price trends have led some investors to scale back market participation. He pointed to summer flows as an indication of reduced engagement, which could leave cryptocurrencies exposed to fresh waves of risk-off trading in equities.
Losses deepen for crypto stocksA 0.4% drop in the Nasdaq was led by declines in Micron Technology, but losses were sharper among crypto-related public companies. Shares of Strategy, the largest institutional Bitcoin holder, tumbled 9% to $94.43, touching $92.28 at one point for a 27 month low.
Coinbase stock slid 5% to $150.11 during the session, while Robinhood fell 5.8% to $97.21. The report also highlighted rising cost pressures on Strategy’s preferred Stretch share product, intensifying discussions over the company’s cash position.
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's trading landscape is undergoing a significant transformation. For the first time, tokenized assets have overtaken memecoins in daily trading activity, marking a notable shift in how users interact with the network.
According to Blockworks data, tokenized assets now account for 17% of daily spot volume on Solana, representing approximately $345.3 million in trading activity. The figure marks a new all-time high and represents a sharp increase from 11% just one day earlier. Memecoins, which previously dominated trading activity across the network, now account for a smaller share of volume.
Tokenized Stock Trading Volume Explodes The strongest driver behind this trend has been tokenized stocks. Data from Jupiter Terminal shows that tokenized stock trading volume on Solana reached a record $644 million over the past 24 hours. Trading activity was led by tokenized versions of SpaceX and Micron shares, which emerged as among the most actively traded assets in the sector.
Backpack Securities and Sunrise have played a central role in expanding the market. On June 22, the two firms listed a tokenized version of Micron stock under the ticker $MU, just days before the semiconductor company's closely watched quarterly earnings report.
The launch followed the success of the Backpack and Sunrise tokenized SpaceX listing. Market participants viewed the SpaceX listing as a major catalyst for renewed interest in tokenized equities on Solana, helping drive trading activity to record levels across multiple timeframes.
The expansion continued earlier today, June 24, when tokenized SanDisk stock, trading under the ticker $SNDK, officially launched for 24/7 trading on Solana through Backpack Securities and Sunrise.
Solana's RWA Ecosystem Reaches New Heights The development comes as Solana's broader RWA ecosystem continues to expand rapidly, reaching new milestones in both value and user adoption. Data from rwa.xyz shows that Solana's RWA ecosystem has reached approximately $3.13 billion in total value, setting a new all-time high for the network, and that the number of RWA holders on Solana has surpassed 290,000 for the first time.
The rise in tokenized asset activity suggests that a growing segment of traders is moving beyond speculative memecoin trading and exploring tokenized versions of equities and other financial products.
Questions Emerge Around Volume Quality Much of this activity has been driven by strong demand for assets like $SPCX, the tokenized SpaceX offering issued through Backpack, which has dominated trading flows. At the same time, competition is intensifying. Rival issuer xStocks has seen a notable uptick in activity, particularly over weekends, suggesting that multiple players are now vying for dominance in Solana’s tokenization ecosystem.
Onchain data shows that xStocks assets, such as $SPYx and $NVDAx, have attracted significant trading volume. However, questions remain about the nature of this activity. For example, Solscan data reveals that over $54.7 million in $NVDAx trading volume has been routed through a Raydium pool with just $30,600 in liquidity. A similar pattern appears in an Orca pool for $SPYx, which recorded $21 million in volume despite holding only $170,000 in liquidity.
These unusually high turnover rates, especially when compared to other tokenized assets, suggest that a portion of the activity may be driven by aggressive market-making strategies or incentivized trading campaigns rather than purely organic demand.
On June 17, the xStocks Trading Competition launched, encouraging participation across tokenized stock markets. By June 22, xStocks reported that the competition had already generated $850 million in trading volume on Solana. The five most actively traded tokenized assets during the competition were $SPYx, $QQQx, $TSLAx, $SPCXx, and $NVDAx.
While trading competitions can increase engagement and liquidity, they can also encourage behavior that inflates volume figures without necessarily reflecting long-term investor demand. As a result, some analysts have questioned how much of the recent growth stems from organic adoption versus incentive-driven activity. However, this skepticism does not fully dismiss the broader trend, as tokenized asset trading volume has been on a consistent upward trajectory over the past six months, suggesting sustained underlying growth beyond short-term incentives.
A Changing Narrative for Solana The memecoin era brought millions of token launches and enormous retail participation through platforms such as pump.fun. While memecoins helped attract attention and activity, critics argued that the sector often prioritized short-term speculation over sustainable communities and long-term utility.
Today, tokenized equities appear to be introducing a different narrative. Rather than focusing exclusively on internet culture and speculative trading, users increasingly have access to representations of traditional financial assets directly onchain. The latest data highlights a clear trend: tokenized equities have become one of the fastest-growing sectors on Solana, pushing RWAs further into the center of the network's evolving economy.
Read More on SolanaFloor Crypto Markets Under Pressure Amidst Tech Stock Sell Off
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PANews June 25 news, according to The Block, Solana meme coin launchpad Pump.fun is hiring a Chief Legal Officer with an annual salary of $1 million to $5 million. The role covers U.S. digital asset regulatory affairs involving the SEC, CFTC, FinCEN, and OFAC, while also being responsible for compliance management in the UK, EU, and Asia-Pacific regions, and handling investigations, litigation, and enforcement agency requests.
Pump.fun has been embroiled in controversies multiple times over the past two and a half years. The recently launched rewards marketplace Pump.fun GO drew criticism after users posted extreme tasks, which have since been removed. During the 2024 meme coin frenzy, the platform's livestream feature was used to promote tokens through self-harm, violence, and animal abuse; the platform suspended the feature and later relaunched it under stricter moderation policies. Additionally, Pump.fun is facing a class-action lawsuit in New York, accused of operating an unregistered securities and racketeering enterprise.
The municipality of São Miguel in Cabo Verde inaugurated a street named after goalkeeper Josimar José Évora Dias, better known as Vozinha, on June 23, 2026. The honor came on the heels of his stunning seven-save shutout against Spain in the 2026 FIFA World Cup, a performance so improbable it sent his Instagram following from roughly 50,000 to over 2 million in a matter of hours.
From pitch to blockchain Within days of Vozinha’s viral World Cup heroics, unofficial memecoins began appearing on Solana’s decentralized exchanges. Multiple variants traded under the VOZINHA ticker and its abbreviation VZHA, none of them endorsed by the goalkeeper himself or any official organization.
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One reported variant had a circulating supply of approximately 994 million tokens, with a market cap that fluctuated between $2,000 and $11,000. None of the VOZINHA-related tokens have secured listings on major centralized exchanges. They remain confined to Solana DEXs, where anyone with a wallet and a few minutes can launch a token inspired by whatever happens to be trending.
The man behind the meme Vozinha, born June 3, 1986, plays professionally for GD Chaves and represents the Cape Verde national team. His club career has spanned leagues in both Cape Verde and Portugal.
That changed when Cape Verde, a nation of roughly 600,000 people in the Atlantic Ocean off the west coast of Africa, reached the World Cup stage. Vozinha’s performance against Spain wasn’t just a personal triumph. It was a moment of national identity, the kind of sporting achievement that a small country carries with it for generations.
What this means for crypto investors The market caps involved, ranging from $2,000 to $11,000, tell you these aren’t serious financial instruments. A $10,000 market cap means that a single person buying or selling a few hundred dollars worth of tokens can move the price dramatically in either direction. Liquidity is thin, volatility is extreme, and the exit door is very, very narrow.
The VOZINHA tokens have no verified endorsements, no utility, no liquidity depth, and no guarantee that the token you’re buying isn’t a rug pull dressed up in a goalkeeper’s jersey.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Tokenized stock trading on Solana just posted a single-day record of $644 million in volume. The milestone marks a broader shift that’s been building for months: traders on the network are increasingly swapping memecoins for tokenized versions of real equities.
For the week of June 15-21, 2026, Solana accounted for 95% of all tokenized stock trading volume globally, processing $1.298 billion out of $1.324 billion across every blockchain combined.
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The numbers behind the surge Just days earlier, on June 16, Solana had set a previous daily high of $187.9 million in tokenized equity volume. Much of that spike was driven by SPCX, a tokenized representation of SpaceX shares.
Cumulative tokenized stock transfer volume on Solana crossed the $10 billion mark on June 23, 2026. Cross-chain tokenized equity volumes hit $5.3 billion in May 2026, a 44% increase from the previous month.
What’s powering the shift A key driver of Solana’s dominance in this space is xStocks, a platform that enables on-chain trading of US equities and ETFs. Every tokenized share on xStocks is backed 1:1 by the underlying asset. The platform has now registered over $25 billion in total transaction volume across its trading venues.
What this means for investors The risk side of the ledger deserves attention. Tokenized equities backed 1:1 by real assets depend entirely on the custodial infrastructure holding those underlying shares. If the entity backing the tokens fails, so does the peg.
Regulatory uncertainty also looms large. Tokenized securities exist in a gray area in many jurisdictions, and a crackdown could throttle growth overnight.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
SBI announced it will acquire cryptocurrency trading platform Bitbank for 46.7 billion yen.
According to Nikkei News, Japanese financial group SBI Holdings announced on the 25th that it will acquire cryptocurrency exchange platform bitbank for 46.7 billion yen (approximately $288 million). Upon completion of the transaction, SBI Group’s crypto asset custody scale is expected to exceed 1 trillion yen, making it one of the largest operators in Japan’s crypto industry. Per the plan, a subsidiary under SBI Holdings will acquire Bitbank shares from individual shareholders including its founders as early as August this year. Bitbank will then repurchase shares held by existing shareholders MIXI and Ceres by the end of October. If combining data from SBI’s own crypto exchange SBI VC Trade and Bitbank, as of April this year, the two firms had a total of around 2.92 million accounts and total custody assets of approximately 1.1 trillion yen. While different crypto exchanges disclose custody assets at varying time points, among Japan’s major industry competitors, bitFlyer held about 960 billion yen in custody assets as of the end of December 2025, and Coincheck had around 800 billion yen as of the end of March 2025.
6 minutes ago
Bithumb was fined for sharing user data overseas without consent.
South Korean regulatory authorities have ordered cryptocurrency exchange Bithumb to pay a 210 million won (approximately $136,000) fine for sharing user personal information with overseas platforms without user consent. According to an announcement released Thursday by South Korea’s Personal Information Protection Commission (PIPC), the relevant user data exposure occurred between September and November 2025. At that time, Bithumb transferred user information to overseas platforms while sharing its USDT market order book data. The PIPC also noted that when assisting users with asset transfers to 13 overseas exchanges, Bithumb failed to obtain full and sufficient user consent before sharing personal details including names, wallet addresses, and dates of birth. For the two violations, the PIPC not only imposed the fine but also ordered Bithumb to rectify its processes and management systems related to cross-border transmission of user information.
6 minutes ago
Analyst: SK Hynix’s US listing and fund-raising could trigger a valuation re-rating.
According to Bloomberg, SK Hynix is set to issue American Depositary Receipts (ADRs) on the Nasdaq on July 10. The listing aims to raise nearly $30 billion, making it one of the largest ADR issuances in history. Market participants widely believe the move will significantly expand its global investor base and may drive a valuation re-rating. Multiple asset management firms project that if its valuation converges with Micron Technology’s, its share price could rise by 30% over the next year. One fund manager noted that SK Hynix should trade at a valuation at least on par with Micron, as demand for memory chips is likely to outpace supply for years to come. The listing comes amid an unusually strong boom in the memory chip sector. Shares of Micron, SK Hynix, and Samsung Electronics have all surged over 200% this year, marking their best annual performance in decades. Demand for High Bandwidth Memory (HBM) from AI servers is widely seen as the driver of a structural "memory supercycle".
6 minutes ago
Jefferies: Samsung is likely to follow SK Hynix’s example to list in the US via ADRs.
Jeff Kim, Head of Research at Jefferies, said Samsung is likely to follow SK Hynix in listing on the U.S. market via American Depositary Receipts (ADRs), which will boost the share price of the South Korean chipmaker whose valuation lags behind Micron. "Chip stocks are at a turning point. ADRs will serve as an important catalyst to drive their valuations," he added.
Coinbase just plugged its Solana validator into DoubleZero Edge, a high-performance data distribution layer that delivers Solana block data over a private global fiber network. The goal is straightforward: get market data to traders faster by cutting out the latency tax that comes with routing through the public internet.
What DoubleZero Edge actually does When a Solana validator produces a block, that block gets broken into small pieces called “shreds,” which are then distributed across the network. Conventionally, these shreds travel over the regular internet. DoubleZero Edge replaces that with a dedicated fiber network, and the difference is measurable: improvements of 6 to 28 milliseconds over conventional internet routing.
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The platform entered public beta in April 2026 and operates what it describes as a permissionless market for Solana shreds. Validators can monetize their block production data through the network, creating an economic incentive for participation beyond just faster data delivery.
Coinbase’s infrastructure play This isn’t a sudden pivot for Coinbase. The exchange has been referencing DoubleZero integration in its validator reports since 2025, with more recent mentions appearing in May 2026. So the June 24 connection represents the culmination of a deliberate, multi-quarter infrastructure strategy rather than a reactive decision.
Coinbase joins a growing majority. Over 58% of Solana validators currently contribute data to the DoubleZero Edge network. The integration also aligns with Solana’s broader technical roadmap, including the anticipated Alpenglow release.
What this means for traders and investors DoubleZero Edge is explicitly designed to meet institutional-grade standards similar to those seen in traditional financial exchanges. Coinbase’s participation adds credibility to that pitch. When the largest US-listed crypto exchange validates a piece of infrastructure by using it for its own operations, it sends a signal to other institutions that the technology meets a professional standard.
There are risks worth watching, though. The concentration of over 58% of validators on a single data distribution layer raises questions about centralization. If DoubleZero Edge experiences an outage or performance degradation, the impact on Solana’s validator network could be outsized precisely because so many participants depend on it.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
SBI announced it will acquire cryptocurrency trading platform Bitbank for 46.7 billion yen.
According to Nikkei News, Japanese financial group SBI Holdings announced on the 25th that it will acquire cryptocurrency exchange platform bitbank for 46.7 billion yen (approximately $288 million). Upon completion of the transaction, SBI Group’s crypto asset custody scale is expected to exceed 1 trillion yen, making it one of the largest operators in Japan’s crypto industry. Per the plan, a subsidiary under SBI Holdings will acquire Bitbank shares from individual shareholders including its founders as early as August this year. Bitbank will then repurchase shares held by existing shareholders MIXI and Ceres by the end of October. If combining data from SBI’s own crypto exchange SBI VC Trade and Bitbank, as of April this year, the two firms had a total of around 2.92 million accounts and total custody assets of approximately 1.1 trillion yen. While different crypto exchanges disclose custody assets at varying time points, among Japan’s major industry competitors, bitFlyer held about 960 billion yen in custody assets as of the end of December 2025, and Coincheck had around 800 billion yen as of the end of March 2025.
6 minutes ago
Bithumb was fined for sharing user data overseas without consent.
South Korean regulatory authorities have ordered cryptocurrency exchange Bithumb to pay a 210 million won (approximately $136,000) fine for sharing user personal information with overseas platforms without user consent. According to an announcement released Thursday by South Korea’s Personal Information Protection Commission (PIPC), the relevant user data exposure occurred between September and November 2025. At that time, Bithumb transferred user information to overseas platforms while sharing its USDT market order book data. The PIPC also noted that when assisting users with asset transfers to 13 overseas exchanges, Bithumb failed to obtain full and sufficient user consent before sharing personal details including names, wallet addresses, and dates of birth. For the two violations, the PIPC not only imposed the fine but also ordered Bithumb to rectify its processes and management systems related to cross-border transmission of user information.
6 minutes ago
Analyst: SK Hynix’s US listing and fund-raising could trigger a valuation re-rating.
According to Bloomberg, SK Hynix is set to issue American Depositary Receipts (ADRs) on the Nasdaq on July 10. The listing aims to raise nearly $30 billion, making it one of the largest ADR issuances in history. Market participants widely believe the move will significantly expand its global investor base and may drive a valuation re-rating. Multiple asset management firms project that if its valuation converges with Micron Technology’s, its share price could rise by 30% over the next year. One fund manager noted that SK Hynix should trade at a valuation at least on par with Micron, as demand for memory chips is likely to outpace supply for years to come. The listing comes amid an unusually strong boom in the memory chip sector. Shares of Micron, SK Hynix, and Samsung Electronics have all surged over 200% this year, marking their best annual performance in decades. Demand for High Bandwidth Memory (HBM) from AI servers is widely seen as the driver of a structural "memory supercycle".
6 minutes ago
Jefferies: Samsung is likely to follow SK Hynix’s example to list in the US via ADRs.
Jeff Kim, Head of Research at Jefferies, said Samsung is likely to follow SK Hynix in listing on the U.S. market via American Depositary Receipts (ADRs), which will boost the share price of the South Korean chipmaker whose valuation lags behind Micron. "Chip stocks are at a turning point. ADRs will serve as an important catalyst to drive their valuations," he added.
A new CoinGecko analysis found that nearly seven in 10 Pump.fun tokens stopped trading on the same day they launched.
Summary
Most Pump.fun launches lose trading activity within hours, showing how thin meme demand can be. Only 4.55% of tokens lasted over 90 days, making long-running projects rare on the platform. The data comes as top meme coins keep sliding, adding pressure on speculative token markets. The study reviewed 18.67m tokens created on the Solana-based meme coin launchpad from Jan. 14, 2024, to June 18, 2026.
CoinGecko said 12.8m tokens, or 68.67% of the total, recorded their final Pump.fun bonding-curve trade on launch day. It excluded tokens that never traded at all because those projects had no measurable lifespan.
Fun Fact: 7 in 10 Pumpfun tokens die on the day they launch.
Of the 18.6M tokens launched since mid-January 2024, 68.67% recorded their last trade on the same day they were created.
Read the full study 👇https://t.co/M7dKDfBBG0
— CoinGecko (@coingecko) June 24, 2026 Easy launches drive short lifespans CoinGecko linked the short lifespan to Pump.fun’s easy token creation model. The report said “near-zero barriers” allow creators to launch many coins and move to new ones when early demand does not appear.
Another 2.18m tokens survived only one day after launch. That means 14.99m tokens, or 80.37% of all reviewed launches, stopped trading either on launch day or the next day.
The pattern fits a fast-moving meme coin market where attention often comes from trending pages, social posts, and early wallet activity. Once that attention fades, many tokens lose trading activity almost at once.
Survival drops after first week The survival curve keeps shrinking after the first two days. CoinGecko found that 770,249 tokens lasted two to three days, while 642,614 stayed active for four to seven days.
Only 460,697 tokens made it to the eight-to-14-day range. The report said just 850,180 tokens, or 4.55%, lasted more than 90 days, though that number may undercount coins that moved to Raydium, Meteora, or PumpSwap after completing their bonding curve.
CoinGecko said the data tracks Pump.fun bonding-curve trades, not all later trades on external decentralized exchanges. It still said the low graduation rate means the dataset mostly reflects the average Pump.fun token lifespan.
Retail odds and market pressure In a previous article, crypto.news discussed Pump.fun data showing that nearly half of March 2026 traders ended the month in losses. That report also said about 96% of wallets either lost money or made less than $500.
As crypto.news reported, Pump.fun later launched GO, a bounty marketplace that moved the platform beyond token creation into paid online tasks. The feature drew more than 1,100 submissions and 320 active tasks within hours, showing Pump.fun’s push to keep user activity beyond meme coin launches.
Previously, crypto.news explored Pump.fun’s move beyond meme coins by adding in-app trading for assets such as WBTC, USDC, and Ethereum through Wormhole. That update aimed to reduce the need for users to leave the app when trading wider crypto assets.
The CoinGecko study landed during a weak period for larger meme tokens. Dogecoin, Shiba Inu, and Pepe have all lost ground in recent weeks, according to the article context, as traders cut exposure to high-risk tokens.
The new lifespan data shows how fast attention can disappear in meme coin markets. Pump.fun can create large activity numbers, but most launches fail to hold trading interest for more than a short window.
For traders, the numbers show how quickly a new token can lose liquidity and buyers. For creators, they show how hard it is to keep a token alive after its first wave of visibility fades.
The study does not show intent behind each launch, and it does not label tokens as scams. It measures trading life, which makes the finding a market activity snapshot rather than a conduct review.
Australia’s national soccer team needs just a draw against Paraguay to advance to the knockout stage of the 2026 FIFA World Cup. That’s the sports story. The crypto story is considerably less exciting.
A meme token bearing the ticker $POPOVIC, named after Socceroos head coach Tony Popovic, surfaced on the Solana blockchain around the time of his pre-match media comments. It has no significant trading volume, no institutional backing, and no connection to the coach, the team, or anyone involved in professional soccer.
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The match that matters (and the token that doesn’t) Here’s the actual news worth caring about. Australia sits in a position where a single point against Paraguay would secure their place as Group D runners-up. Coach Popovic, to his credit, isn’t interested in playing for a draw.
“We will go into the crunch clash to win.”
The $POPOVIC token shows no meaningful trading activity and sits firmly in the graveyard of personality-driven meme coins that never found an audience.
Sports and crypto: still a bad first date No FIFA World Cup 2026 digital asset partnerships involving Australia or Paraguay have been reported. No NFT drops. No fan token collaborations. No blockchain-based ticketing experiments. Nothing.
Football Australia has no reported digital asset initiatives connected to the Socceroos or their World Cup campaign. The Paraguayan football authorities are similarly absent from the crypto space. FIFA itself, which explored various digital initiatives in previous tournament cycles, appears to have deprioritized blockchain integrations for this edition of the tournament.
What this actually means for crypto investors The $POPOVIC situation is a useful case study in what not to chase. Tokens with no institutional backing, no verifiable project team, and no trading volume are not investments. The fact that this particular token is tied to a trending sports figure doesn’t change the underlying math.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
The unofficial meme coin $GTA, also known as “Greatest Token Alive,” has experienced an explosive surge of over 500% following its launch on the Solana blockchain. The token’s rapid ascent has been accompanied by a listing on Binance Wallet, reflecting significant interest despite its lack of official ties to the upcoming Grand Theft Auto 6 game. This development appears to be driven by cultural hype surrounding GTA 6, aligning with a broader trend of volatility among meme coins themed around popular franchises. The listing on Binance Wallet, a platform that recently adopted a secondary listing model, could further fuel speculative interest.
The market’s response to $GTA’s launch indicates substantial speculative behavior, with the Fully Diluted Valuation (FDV) after launch being closely monitored. Current market pricing suggests a high likelihood that $GTA will exceed lower valuation thresholds, with an overwhelming 99% YES for a $50 million threshold and 94% YES for a $100 million threshold. However, the likelihood decreases significantly for higher valuations such as $500 million, which currently stands at 8% YES.
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The surge in $GTA’s value is consistent with patterns observed in other unofficial meme coins, which often exhibit extreme volatility. Despite the current enthusiasm, historical trends suggest that such assets are prone to sharp declines soon after the initial hype dies down.
Key Takeaways $GTA’s surge and Binance Wallet listing suggest significant speculative interest, consistent with YES outcomes for lower FDV thresholds. Market pricing reflects skepticism about $GTA reaching a $500 million FDV, with current odds at 8% YES. The token’s performance is in line with past meme coin trends, indicating potential for future volatility. What to Watch Observers should monitor $GTA’s market activity closely as it adjusts post-launch. The market’s response to any announcements from Binance or changes in investor sentiment could indicate shifts in FDV expectations. Additionally, developments around the actual Grand Theft Auto 6 release may influence speculative behavior tied to $GTA and similar tokens on Solana.
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