PANews reported on April 20th that Orca, the liquidity protocol within the Solana ecosystem, released an update on the security incident involving its cloud hosting platform Vercel: Orca's frontend is hosted on Vercel. Out of an abundance of caution, all potentially compromised keys and deployment credentials have been rotated. Orca's on-chain protocols and user funds were unaffected. The official team will continue to monitor the situation and provide updates as more information becomes available.
Previously, AI cloud service Vercel disclosed a security incident: its internal systems were accessed without authorization, affecting some users .
Author: PA一线
This content is for market information only and is not investment advice.
Kepler Cheuvreux raises ASML’s European share price target from €1,460 to €1,830.
Kepler Cheuvreux has raised the target price for ASML’s European shares from €1,460 to €1,830.
4 minutes ago
Stifel: U.S. economy in "overheated expansion" as AI investment cycle outweighs consumer pressure
U.S. large diversified financial services holding company Stifel has raised its year-end S&P 500 target and rolled out a stock allocation framework for a "high-growth, high-inflation" environment. The firm lifted its year-end S&P 500 target to 7,800 points, noting the U.S. economy is entering a "running hot" state—where economic growth is strengthening alongside mounting inflationary pressure. Stifel’s models show U.S. growth momentum is picking up while inflation momentum is clearly overheating, a trend that will reshape the market’s leading sector structure in the second half of the year. Instead of traditional consumer sectors, Stifel’s top picks are investment-led cyclical industries, including banks, transportation, materials, energy, semiconductors, software and equipment. The firm adds that fixed-asset investment in AI remains on the rise: large tech firms including Amazon, Microsoft, Meta and Google are projected to combine for roughly $725 billion in total capital expenditures in 2026, some $100 billion higher than prior estimates. This means the AI investment chain is likely to continue outperforming the consumption chain squeezed by inflation. Stifel advises investors to reduce exposure to discretionary consumer, consumer staples, communication services and some financial services sectors, as these areas see weaker earnings revisions. Conversely, the firm favors cyclical value stocks and hedges with defensive value sectors such as insurance, autos, energy and banks.
4 minutes ago
Analyst: Micron's earnings boost overall market sentiment for the tech sector
Chris Strazzeri, Financial Trading Manager of Moomoo’s Australia and New Zealand branch, stated: “The targeted sell-off indicates that following a sustained, strong rally in AI-related and speculative growth stocks, investors are enforcing strict valuation discipline. This serves as a warning to the market that actual earnings levels must now rise to support the currently overvalued price-to-earnings ratio. Micron Technology’s post-market earnings results largely confirm this, and its robust performance has lifted overall market sentiment in the tech sector.”
4 minutes ago
2x Leveraged Long DRAM ETF (RAM) Records $383 Million in Trading Volume on Its First Day of Listing
According to Bitget market data, the Roundhill T-REX 2X Long DRAM Daily Target ETF (Nasdaq ticker: RAM) officially launched trading yesterday. On its first trading day, the fund recorded a total turnover of $383 million, and rose 29.47% in after-hours U.S. stock trading to hit $30.8. Note: RAM’s underlying exposure covers companies engaged in memory-related technologies, including DRAM, NAND and storage solutions, targeting active traders seeking leveraged exposure to the memory chip theme and artificial intelligence infrastructure development.
4 minutes ago
BCA Research raises its S&P 500 target to 8,100 points, with AI remaining a core variable.
BCA Research has become the latest strategy firm to raise its US stock market target, reflecting Wall Street’s growing optimism about earnings support for US equities in the second half of the year. The institution lifted its year-end S&P 500 target from 7,700 points to 8,100 points. BCA’s core view is that first-quarter corporate earnings exceeded expectations in both strength and breadth, and the US economy has re-entered an expansion phase. Similar to JPMorgan Chase, BCA believes this stock rally is not only driven by valuation expansion—earnings themselves are delivering the index’s gains. AI remains the core variable in this assessment. Large tech firms including Alphabet, Microsoft, Amazon, Meta and Oracle continue to increase capital spending on data centers and AI infrastructure, driving growth in orders for chips, servers, construction, power and related industrial chains. This provides a clearer fundamental basis for upward revisions to 2026 and 2027 earnings. The institution points out that risks exist: the earnings expansion brought by AI investments has already been quickly priced into the market. If subsequent returns on capital spending are questioned, or interest rates remain elevated, further upside for the index will require more earnings confirmation rather than relying solely on investor risk appetite.
4 minutes ago
Tom Lee: Markets have nearly priced in two interest rate hikes from the Federal Reserve this year, and the rise in US Treasury yields is weighing on market sentiment.
Tom Lee said the market is still digesting Kevin Warsh’s remarks from his first press conference last week and repricing the macro environment. Over the past week, oil prices have pulled back, with war premiums contracting. Current oil prices are not far from the roughly $65 level seen before the conflict, indicating the market views related war risks as declining. On the other hand, 10-year U.S. Treasury yields continue to rise, now around 4.5%, higher than the pre-conflict level of roughly 4.2%. The main headwind the market has faced recently has shifted from oil prices to yields. Tom Lee noted that the market is not only focused on 10-year U.S. Treasury yields but also starting to price in potential additional interest rate hikes from the Federal Reserve. According to federal funds futures, the market is currently pricing in nearly two rate hikes this year. Bank of America further projected today that the Fed will raise rates three times this year, in September, October, and December respectively. Jeffrey Gundlach often emphasizes the importance of monitoring 2-year U.S. Treasury yields, as they typically lead the Fed and signal the central bank’s policy direction. Between 2023 and 2025, the relationship between 2-year U.S. Treasury yields and the federal funds rate indicated that the Fed’s policy was overly tight, requiring interest rate cuts. However, this relationship has recently reversed, meaning the Fed would need two rate hikes to catch up with 2-year U.S. Treasury yields. He believes that, at least for now, yields have become a headwind for the market.
Solana-based decentralized exchange Orca launched a new system that lets approved investors trade regulated tokenized assets onchain, starting with commodity tokenization firm Streamex and its gold-linked security GLDY. The move reflects the crypto industry’s growing push into tokenized real-world assets, as firms race to build compliant marketplaces for trading products like tokenized commodities, funds and securities.Orca, one of the biggest decentralized exchanges on Solana, is launching new infrastructure aimed at bringing regulated real-world assets onchain, as crypto firms push deeper into tokenized stocks, commodities and other traditional financial products.
The Solana-based platform said Wednesday it had rolled out “permissioned pools,” a system that allows only approved investors to trade certain tokenized assets. The setup is focused on the U.S. market and is designed for issuers that need to comply with securities laws, including identity checks and investor eligibility requirements.
Streamex, a company focused on tokenizing commodity-based assets, will be the first issuer to use the new system, according to Orca. The company said in a press release shared with CoinDesk that its tokenized gold-linked security, GLDY, will be the first regulated asset to trade through Orca’s new infrastructure.
The launch marks an expansion for Orca beyond pure crypto trading and into infrastructure for tokenized financial assets. This comes as crypto companies increasingly focus on tokenizing traditional financial assets, a market many in the industry see as a major growth opportunity.
Under the new setup, investors must complete know-your-customer (KYC) checks before they can buy, hold or trade regulated tokens. Issuers can also decide who is eligible to access their assets, with Orca’s system automatically enforcing those rules onchain.
The trading pools run on Orca’s existing liquidity infrastructure, while the exchange’s interface will show users whether an asset has restrictions and whether they qualify to trade it.
“Orca has spent five years building the liquidity infrastructure that Solana’s market structure runs on,” said Orca CEO Michael Hwang in a press release. “As tokenized equities, funds and real-world assets arrive onchain at exponential rates, issuers need more than a place to list.”
PANews reported on May 27th that, according to CoinDesk, Solana decentralized exchange Orca has launched "permissioned pools" infrastructure for tokenized trading of real-world assets with high compliance requirements. The first to integrate is commodity tokenization company Streamex, whose gold-linked security GLDY will be the first compliant token traded on the system. Orca stated that this mechanism is primarily aimed at the US market, allowing only KYC-verified investors to buy, sell, and hold the relevant tokens. Issuers can customize access rules, which will be automatically executed by the on-chain system. The permissioned pools run on top of Orca's existing liquidity infrastructure, and the interface will indicate whether the asset is restricted and whether the user is eligible to trade.
TLDR Orca has launched permissioned pools to support regulated trading on Solana. The new system allows only approved investors to access specific tokenized assets. Investors must complete KYC checks before buying or trading these assets. Streamex will launch the first tokenized gold-linked security called GLDY. Orca enables issuers to control investor eligibility through onchain rules. Orca has introduced new infrastructure to support tokenized real-world assets on the Solana blockchain. The decentralized exchange unveiled permissioned pools designed for regulated trading environments. The system targets compliant access to tokenized real-world assets, especially in the U.S. market.
Orca Introduces Permissioned Pools for Regulated Trading Orca rolled out permissioned pools that limit access to approved investors. The system allows issuers to control participation based on regulatory requirements.
Investors must complete know-your-customer checks before accessing these pools. The platform enforces eligibility rules directly through onchain mechanisms.
The infrastructure focuses on assets that require compliance with U.S. securities laws. These include tokenized equities, commodities, and other financial instruments.
Orca said the pools operate within its existing liquidity framework. The interface also shows users whether they qualify to trade specific assets.
“Orca has spent five years building the liquidity infrastructure,” said CEO Michael Hwang in a statement. He added that issuers now need tools beyond simple listings.
Tokenized Real-World Assets Expand on Solana Through Orca Streamex will be the first issuer to use Orca’s new system. The company plans to list its gold-linked tokenized security, GLDY.
The GLDY asset represents exposure to gold through a regulated structure. It will trade exclusively within Orca’s permissioned pools.
Streamex confirmed the rollout in a press release shared with CoinDesk. The firm focuses on tokenizing commodity-based financial products.
Orca’s system allows issuers to define investor access rules. These rules apply automatically during trading, holding, and transfers.
The platform marks a shift beyond traditional crypto-only trading. Orca now provides infrastructure for regulated financial products onchain.
The move aligns with broader efforts to bring traditional assets into blockchain systems. Companies continue to explore compliant frameworks for tokenized markets.
The exchange will display trading restrictions within its interface. Users will see eligibility status before interacting with any restricted asset.
Orca confirmed that its permissioned pools are now live. GLDY stands as the first regulated asset available through this new marketplace.
Orca has launched permissioned pools on Solana to support compliant secondary trading for RWA assets onchain.
RWA Infrastructure Expands on Orca
Today, issuers can toggle permissions on permissionless infrastructure that permit eligible participants to transact regulated assets on @solana
That means:
– Asset issuers now have a new distribution channel to eligible participants onchain
-… pic.twitter.com/Z3q1oFw3Fd
— Orca 🌊 (@orca_so) May 27, 2026
The new pools allow asset issuers to set eligibility requirements for who can hold or trade their tokens, creating a permissioned trading environment on permissionless infrastructure. The setup is designed for accredited and KYC verified investors, with compliance checks enforced at the token level rather than handled only through offchain processes.
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Streamex, a Nasdaq listed company focused on tokenized commodity real world assets, is the first issuer to use the infrastructure. Its GLDY token, a gold backed, yield bearing tokenized security, will trade through the GLDY Pool on Orca.
The launch expands Orca’s role beyond standard decentralized exchange activity and into onchain capital markets infrastructure. Orca said its AMM infrastructure has processed more than $500 billion in cumulative trading volume since launching on Solana five years ago, with no reported smart contract exploits.
The system uses Solana’s Default Account State extension to initialize token accounts in a frozen state. Wallet holders must complete the issuer’s verification process before they can hold or transact the regulated asset. An onchain access control layer then syncs KYC and accreditation status from the issuer’s platform in real time, allowing eligibility to be continuously enforced.
The model addresses one of the main bottlenecks for tokenized securities: secondary market liquidity. Streamex said GLDY is offered under Rule 506(c) of Regulation D and is available only to verified accredited investors, while Orca’s permissioned pools provide a venue where eligible holders can seek 24/7 liquidity onchain.
The infrastructure could also extend beyond GLDY to other tokenized securities, including stocks, bonds, commodities, real estate, and royalties. For Orca, the launch positions its Solana based liquidity stack as a bridge between regulated asset issuance and decentralized market infrastructure.
Disclosure: This article was edited by Estefano Gomez. For more information on how we create and review content, see our Editorial Policy.
Tokenized commodities platform Streamex said it is launching a Solana-based marketplace for trading tokenized assets in partnership with Orca, a decentralized exchange built on Solana.
According to a Tuesday announcement, the trading infrastructure will allow verified accredited investors to buy and sell Streamex’s yield-bearing, gold-backed GLDY token through regulated onchain trading pools operating around the clock.
The system uses identity and compliance checks tied to Streamex’s KYC and accreditation process to restrict trading access to approved investors while enabling secondary market liquidity for regulated digital assets.
The companies said neither Streamex nor Orca will act as brokers or intermediaries for investors seeking to resell the GLDY token.
Trading takes place through permissioned liquidity pools built on Orca, where investor wallets remain frozen until users complete identity verification and accreditation checks. Investor eligibility data is also updated onchain in real time to ensure only approved participants can access the market.
Orca said its automated market maker infrastructure has processed more than $500 billion in cumulative trading volume since launch. The companies said the GLDY trading pool could serve as a model for other tokenized assets tied to stocks, bonds, real estate and commodities.
Exchanges race to build tokenized trading railsThe launch comes amid a broader push to build regulated trading infrastructure for tokenized stocks, funds and other traditional financial assets.
Earlier this month, the US Securities and Exchange Commission approved Nasdaq’s pilot proposal to allow tokenized stocks and exchange-traded funds to trade alongside their traditional counterparts on the same exchange.
Under the proposal, tokenized securities would share the same order books, ticker symbols and shareholder rights as conventional shares. Participation in the pilot is initially limited to eligible participants and securities tied to the Russell 1000 index and some of the biggest exchange-traded funds.
Other exchanges and tokenization companies are also expanding blockchain-based market infrastructure. In March, the New York Stock Exchange signed an agreement with Securitize to develop infrastructure for tokenized stocks and ETFs tied to Intercontinental Exchange’s planned digital trading platform.
Centrifuge, a tokenization platform focused on real-world assets, recently said it plans to bring tokenized Treasurys, private credit and AAA-rated collateralized loan obligation products to the Monad blockchain for use in lending, collateral and secondary market activity.
Data from RWA.xyz shows the tokenized real-world asset market has grown to roughly $34 billion, with Treasury and commodity-backed products representing some of the largest segments.
Source: RWA.xyz
Magazine: ETH bears growling, Tom Lee’s buying, XRP to ‘explode’: Market Moves
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Kepler Cheuvreux raises ASML’s European share price target from €1,460 to €1,830.
Kepler Cheuvreux has raised the target price for ASML’s European shares from €1,460 to €1,830.
4 minutes ago
Stifel: U.S. economy in "overheated expansion" as AI investment cycle outweighs consumer pressure
U.S. large diversified financial services holding company Stifel has raised its year-end S&P 500 target and rolled out a stock allocation framework for a "high-growth, high-inflation" environment. The firm lifted its year-end S&P 500 target to 7,800 points, noting the U.S. economy is entering a "running hot" state—where economic growth is strengthening alongside mounting inflationary pressure. Stifel’s models show U.S. growth momentum is picking up while inflation momentum is clearly overheating, a trend that will reshape the market’s leading sector structure in the second half of the year. Instead of traditional consumer sectors, Stifel’s top picks are investment-led cyclical industries, including banks, transportation, materials, energy, semiconductors, software and equipment. The firm adds that fixed-asset investment in AI remains on the rise: large tech firms including Amazon, Microsoft, Meta and Google are projected to combine for roughly $725 billion in total capital expenditures in 2026, some $100 billion higher than prior estimates. This means the AI investment chain is likely to continue outperforming the consumption chain squeezed by inflation. Stifel advises investors to reduce exposure to discretionary consumer, consumer staples, communication services and some financial services sectors, as these areas see weaker earnings revisions. Conversely, the firm favors cyclical value stocks and hedges with defensive value sectors such as insurance, autos, energy and banks.
4 minutes ago
Analyst: Micron's earnings boost overall market sentiment for the tech sector
Chris Strazzeri, Financial Trading Manager of Moomoo’s Australia and New Zealand branch, stated: “The targeted sell-off indicates that following a sustained, strong rally in AI-related and speculative growth stocks, investors are enforcing strict valuation discipline. This serves as a warning to the market that actual earnings levels must now rise to support the currently overvalued price-to-earnings ratio. Micron Technology’s post-market earnings results largely confirm this, and its robust performance has lifted overall market sentiment in the tech sector.”
4 minutes ago
2x Leveraged Long DRAM ETF (RAM) Records $383 Million in Trading Volume on Its First Day of Listing
According to Bitget market data, the Roundhill T-REX 2X Long DRAM Daily Target ETF (Nasdaq ticker: RAM) officially launched trading yesterday. On its first trading day, the fund recorded a total turnover of $383 million, and rose 29.47% in after-hours U.S. stock trading to hit $30.8. Note: RAM’s underlying exposure covers companies engaged in memory-related technologies, including DRAM, NAND and storage solutions, targeting active traders seeking leveraged exposure to the memory chip theme and artificial intelligence infrastructure development.
4 minutes ago
BCA Research raises its S&P 500 target to 8,100 points, with AI remaining a core variable.
BCA Research has become the latest strategy firm to raise its US stock market target, reflecting Wall Street’s growing optimism about earnings support for US equities in the second half of the year. The institution lifted its year-end S&P 500 target from 7,700 points to 8,100 points. BCA’s core view is that first-quarter corporate earnings exceeded expectations in both strength and breadth, and the US economy has re-entered an expansion phase. Similar to JPMorgan Chase, BCA believes this stock rally is not only driven by valuation expansion—earnings themselves are delivering the index’s gains. AI remains the core variable in this assessment. Large tech firms including Alphabet, Microsoft, Amazon, Meta and Oracle continue to increase capital spending on data centers and AI infrastructure, driving growth in orders for chips, servers, construction, power and related industrial chains. This provides a clearer fundamental basis for upward revisions to 2026 and 2027 earnings. The institution points out that risks exist: the earnings expansion brought by AI investments has already been quickly priced into the market. If subsequent returns on capital spending are questioned, or interest rates remain elevated, further upside for the index will require more earnings confirmation rather than relying solely on investor risk appetite.
4 minutes ago
Tom Lee: Markets have nearly priced in two interest rate hikes from the Federal Reserve this year, and the rise in US Treasury yields is weighing on market sentiment.
Tom Lee said the market is still digesting Kevin Warsh’s remarks from his first press conference last week and repricing the macro environment. Over the past week, oil prices have pulled back, with war premiums contracting. Current oil prices are not far from the roughly $65 level seen before the conflict, indicating the market views related war risks as declining. On the other hand, 10-year U.S. Treasury yields continue to rise, now around 4.5%, higher than the pre-conflict level of roughly 4.2%. The main headwind the market has faced recently has shifted from oil prices to yields. Tom Lee noted that the market is not only focused on 10-year U.S. Treasury yields but also starting to price in potential additional interest rate hikes from the Federal Reserve. According to federal funds futures, the market is currently pricing in nearly two rate hikes this year. Bank of America further projected today that the Fed will raise rates three times this year, in September, October, and December respectively. Jeffrey Gundlach often emphasizes the importance of monitoring 2-year U.S. Treasury yields, as they typically lead the Fed and signal the central bank’s policy direction. Between 2023 and 2025, the relationship between 2-year U.S. Treasury yields and the federal funds rate indicated that the Fed’s policy was overly tight, requiring interest rate cuts. However, this relationship has recently reversed, meaning the Fed would need two rate hikes to catch up with 2-year U.S. Treasury yields. He believes that, at least for now, yields have become a headwind for the market.
A pointed critique from inside Ethereum’s developer ranks argues that ether’s 65% slide against Bitcoin (BTC) since the Merge stems from specific execution failures at the Ethereum Foundation, not from broad market cycles or coordination problems.
Reid, an ICO-era participant who still builds on Ethereum (ETH), published the indictment, framing the underperformance as accumulated execution debt with names, dates, and missed product calls.
A 65% Drop With Names AttachedReid’s central data point lines up with public market data. The ETH/BTC ratio peaked near 0.085 around the Merge in September 2022.
It has fallen to roughly 0.028 by late May, capturing ether’s underperformance against Bitcoin. Ether currently trades below $2,000, down 21% over the past year.
Ethereum to Bitcoin Ratio. Source: Longterm TrendsReid rejects Bankless co-founder David Hoffman’s framing of ether’s “deserved cap” as a noble ceiling. He argues the cap sits lower than bulls expected, for reasons with names and dates rather than coordination theory.
Reid covers credit and real-world assets at firms including Figure and Securitize, and discloses he is still long ether.
ESG Marketing and a Missing Staking InterfaceReid argues the Merge’s 99.95% energy-reduction message answered questions capital allocators never asked.
Institutions wanted yield, developers wanted finality, and users wanted cheaper transactions. Solana sold raw speed during the same window.
Proof-of-stake sat on the roadmap from 2015 and took seven years to ship. Solana launched mainnet beta in March 2020 and shipped wallets, decentralized exchanges, and money markets while Ethereum debated specs.
Vitalik Buterin’s writing through 2024 and 2025 shifted from Casper specs toward pluralism and network states.
Reid reads that tone as an established Ethereum cultural posture rather than an active competitive one.
The smoking gun, in Reid’s read, is the absence of a first-party staking app three years after the Merge.
The official path still requires running a validator with at least 32 ETH. Most users route through Lido, which holds about 24% of staked ETH despite repeated centralization warnings from developers.
“‘We don’t pick winners’ is what an organization says when it does not want to compete,” Reid remarked.
Follow us on X to get the latest news as it happens
Rollups as Managed DeclineThe rollup-centric roadmap drained the base layer. EIP-4844 went live in March 2024 and pushed blob fees near 1 wei through most of 2024 and 2025.
Ethereum’s quarterly transaction fee revenue has fallen roughly 95% from a Q4 2021 peak of $4.3 billion.
Ethereum Transaction Fee Since 2021. Source: Token Terminal Arbitrum has marketed 90% to 98% operating margins on its L2s. Base captured close to 70% of rollup profits by mid-2025.
Every major L2 issued its own token, fragmenting capital flows inside the ecosystem.
Reid contrasts this with Solana’s integrated L1, which has shown fee capture accruing directly to its native token.
The remaining question is whether Foundation product cadence shifts. The ETH/BTC ratio’s path through the rest of the cycle will reflect the answer.
Kepler Cheuvreux raises ASML’s European share price target from €1,460 to €1,830.
Kepler Cheuvreux has raised the target price for ASML’s European shares from €1,460 to €1,830.
4 minutes ago
Stifel: U.S. economy in "overheated expansion" as AI investment cycle outweighs consumer pressure
U.S. large diversified financial services holding company Stifel has raised its year-end S&P 500 target and rolled out a stock allocation framework for a "high-growth, high-inflation" environment. The firm lifted its year-end S&P 500 target to 7,800 points, noting the U.S. economy is entering a "running hot" state—where economic growth is strengthening alongside mounting inflationary pressure. Stifel’s models show U.S. growth momentum is picking up while inflation momentum is clearly overheating, a trend that will reshape the market’s leading sector structure in the second half of the year. Instead of traditional consumer sectors, Stifel’s top picks are investment-led cyclical industries, including banks, transportation, materials, energy, semiconductors, software and equipment. The firm adds that fixed-asset investment in AI remains on the rise: large tech firms including Amazon, Microsoft, Meta and Google are projected to combine for roughly $725 billion in total capital expenditures in 2026, some $100 billion higher than prior estimates. This means the AI investment chain is likely to continue outperforming the consumption chain squeezed by inflation. Stifel advises investors to reduce exposure to discretionary consumer, consumer staples, communication services and some financial services sectors, as these areas see weaker earnings revisions. Conversely, the firm favors cyclical value stocks and hedges with defensive value sectors such as insurance, autos, energy and banks.
4 minutes ago
Analyst: Micron's earnings boost overall market sentiment for the tech sector
Chris Strazzeri, Financial Trading Manager of Moomoo’s Australia and New Zealand branch, stated: “The targeted sell-off indicates that following a sustained, strong rally in AI-related and speculative growth stocks, investors are enforcing strict valuation discipline. This serves as a warning to the market that actual earnings levels must now rise to support the currently overvalued price-to-earnings ratio. Micron Technology’s post-market earnings results largely confirm this, and its robust performance has lifted overall market sentiment in the tech sector.”
4 minutes ago
2x Leveraged Long DRAM ETF (RAM) Records $383 Million in Trading Volume on Its First Day of Listing
According to Bitget market data, the Roundhill T-REX 2X Long DRAM Daily Target ETF (Nasdaq ticker: RAM) officially launched trading yesterday. On its first trading day, the fund recorded a total turnover of $383 million, and rose 29.47% in after-hours U.S. stock trading to hit $30.8. Note: RAM’s underlying exposure covers companies engaged in memory-related technologies, including DRAM, NAND and storage solutions, targeting active traders seeking leveraged exposure to the memory chip theme and artificial intelligence infrastructure development.
4 minutes ago
BCA Research raises its S&P 500 target to 8,100 points, with AI remaining a core variable.
BCA Research has become the latest strategy firm to raise its US stock market target, reflecting Wall Street’s growing optimism about earnings support for US equities in the second half of the year. The institution lifted its year-end S&P 500 target from 7,700 points to 8,100 points. BCA’s core view is that first-quarter corporate earnings exceeded expectations in both strength and breadth, and the US economy has re-entered an expansion phase. Similar to JPMorgan Chase, BCA believes this stock rally is not only driven by valuation expansion—earnings themselves are delivering the index’s gains. AI remains the core variable in this assessment. Large tech firms including Alphabet, Microsoft, Amazon, Meta and Oracle continue to increase capital spending on data centers and AI infrastructure, driving growth in orders for chips, servers, construction, power and related industrial chains. This provides a clearer fundamental basis for upward revisions to 2026 and 2027 earnings. The institution points out that risks exist: the earnings expansion brought by AI investments has already been quickly priced into the market. If subsequent returns on capital spending are questioned, or interest rates remain elevated, further upside for the index will require more earnings confirmation rather than relying solely on investor risk appetite.
4 minutes ago
Tom Lee: Markets have nearly priced in two interest rate hikes from the Federal Reserve this year, and the rise in US Treasury yields is weighing on market sentiment.
Tom Lee said the market is still digesting Kevin Warsh’s remarks from his first press conference last week and repricing the macro environment. Over the past week, oil prices have pulled back, with war premiums contracting. Current oil prices are not far from the roughly $65 level seen before the conflict, indicating the market views related war risks as declining. On the other hand, 10-year U.S. Treasury yields continue to rise, now around 4.5%, higher than the pre-conflict level of roughly 4.2%. The main headwind the market has faced recently has shifted from oil prices to yields. Tom Lee noted that the market is not only focused on 10-year U.S. Treasury yields but also starting to price in potential additional interest rate hikes from the Federal Reserve. According to federal funds futures, the market is currently pricing in nearly two rate hikes this year. Bank of America further projected today that the Fed will raise rates three times this year, in September, October, and December respectively. Jeffrey Gundlach often emphasizes the importance of monitoring 2-year U.S. Treasury yields, as they typically lead the Fed and signal the central bank’s policy direction. Between 2023 and 2025, the relationship between 2-year U.S. Treasury yields and the federal funds rate indicated that the Fed’s policy was overly tight, requiring interest rate cuts. However, this relationship has recently reversed, meaning the Fed would need two rate hikes to catch up with 2-year U.S. Treasury yields. He believes that, at least for now, yields have become a headwind for the market.
Raydium has pledged to fully reimburse losses after an exploit drained approximately $1.3 million from five legacy liquidity pools built on Solana.
Summary
Raydium said it will fully reimburse losses after an exploit drained about $1.3 million from five legacy Solana liquidity pools. On-chain investigator Specter said the attacker used a fake mint address to exploit retired AMM code and steal RAY, SOL, and USDC. PeckShield traced part of the stolen funds to Tornado Cash, while Raydium said active pools and current users were unaffected. According to blockchain security firm PeckShield and on-chain investigator Specter, the attack targeted retired automated market maker infrastructure that is no longer used by active Raydium pools. The protocol said current users and active liquidity pools were not affected by the incident.
Details shared by Specter indicate that the attacker exploited a validation weakness in dormant pools tied to Raydium’s early AMM design. By using a fake mint address, the attacker was able to bypass checks and withdraw liquidity from the affected pools.
The stolen assets included roughly 150,177 RAY tokens, 5,603 SOL, and 893,700 USDC. Specter reported that the attacker initially received funding through KuCoin before moving the stolen assets across chains to Ethereum.
Exploit was limited to retired Raydium infrastructure Following the attack, Raydium stated that the affected pools belonged to a deprecated program with no active user participation. The team added that all impacted assets would be covered by the project treasury, preventing losses from falling on users who still had exposure to the legacy pools.
Raydium is aware of an exploit involving unauthorized removal of liquidity from its legacy AMM V3 program which was previously phased out in 2021.
No current users of Raydium are affected by this exploit or would have been able to interact with these pools through the UI since…
— Infra | Raydium (@0xINFRA) June 10, 2026 Tracking data from PeckShield showed that part of the stolen funds was routed through privacy tools after the exploit. The security firm reported that approximately 810 ETH was deposited into Tornado Cash, while another seven ETH was transferred to FixedFloat.
The movement of funds through Tornado Cash may complicate efforts to trace assets. PeckShield noted the transfers after the Ethereum-based funds were bridged from Solana. The mixer was removed from the U.S. Treasury Department’s sanctions list in March 2025.
Security incidents involving inactive code have become a recurring concern across decentralized finance. As previously reported by crypto.news, Token of Power suffered a separate exploit earlier this week that drained more than $1.5 million from a liquidity pool after an attacker manipulated token balances and withdrew WETH reserves. The two incidents involved different protocols and attack methods.
Raydium has moved quickly to cover user losses Compensation commitments are not new for Raydium. The protocol faced another major security incident in December 2022 when an admin key compromise led to losses from active liquidity pools.
At the time, a governance proposal approved the use of buyback fees and vested team tokens to reimburse affected liquidity providers. The latest response follows a similar approach, with the project confirming that treasury funds will be used to make users whole.
Market reaction has remained relatively muted. Data at the time of writing showed Raydium (RAY) trading near $0.57, down less than 1% over the previous 24 hours. Solana (SOL) also moved lower during the same period, slipping nearly 2% to around $63.88.
While investigators continue tracing the stolen assets, information from PeckShield and Specter suggests the exploit was confined to outdated infrastructure rather than Raydium’s current trading systems.
PANews reported on June 11th that Raydium, a decentralized exchange within the Solana ecosystem, announced that a vulnerability in its deprecated AMM V3 program resulted in the theft of approximately $1.34 million in assets from five inactive liquidity pools. Affected pools included trading pairs such as RAY-SOL, USDC-RAY, and SRM-SOL. Attackers stole approximately 150,000 RAY, 5,600 SOL, and nearly 900,000 USDC. Raydium stated that all losses will be covered by its treasury, and current users are unaffected. The AMM program was deprecated in 2021, and the vulnerability stemmed from insufficient validation of LP mint, allowing attackers to bypass expected ratio checks. Raydium's current mainnet program is unaffected and is undergoing a separate security review.
On the 10th of June, Solana-based decentralized exchange [DEX] Raydium discovered a coding flaw in its legacy AMM V3 program. The vulnerability allowed an attacker to drain funds from several deprecated liquidity pools.
For background, the AMM V3 was a program that Raydium ceased to use in 2021 and was no longer available via the SDK, user interface, or current dApp. By taking advantage of a flaw, an attacker took out roughly $1.34 million in cryptocurrency from five pools.
Pools and tokens compromised According to preliminary estimates, the attacker drained approximately 150,177 Raydium [RAY], 5,603 Solana [SOL], and nearly 893,700 USDC from the impacted pools.
This included RAY-SOL, USDC-RAY, and SRM-RAY, Sollet USDT-RAY, and Sollet ETH-RAY pairs. PeckShield also tracked down seven Ethereum [ETH] that were deposited to FixedFloat and 810 ETH to Tornado Cash.
Source: PeckShieldAlert/X Still, assuring the community, Raydium took to X and noted,
No current users of Raydium are affected by this exploit or would have been able to interact with these pools through the UI since their deprecation.
What was the main cause behind this attack? Raydium claims that the flaw was caused by the legacy program’s inadequate validation of LP (liquidity provider) token mints.
That said, the attacker was able to produce a phony LP token because the contract did not sufficiently validate LP token mints. As a result, the exploiter withdrew money from the impacted pools and got around proportional ownership checks.
The problem, Raydium stressed, was limited to the deprecated AMM V3 codebase and was not caused by a compromised admin authority, private key, or protocol-wide security breach.
The current mainnet programs for the protocol now use a different architecture that protects them from this kind of attack by using virtual supply mechanisms and verifying LP mints.
Therefore, neither current liquidity pools nor active Raydium users were affected. The protocol also said that all losses resulting from the exploit will be fully reimbursed through Raydium’s treasury.
Along with that, a more thorough security review of all mainnet programs is also being conducted.
Impact on price and more Interestingly, despite the exploit, RAY’s price action was at $0.5815 following a 2.08% increase over the previous day. The 8% weekly drop and the 30% monthly drop, however, continue to raise concerns.
This coincided with another exploit in which the attacker gained control of administrative bridge permissions, depleting 141 million H tokens on Ethereum.
Additionally, security researchers discovered that another exploiter withdrew approximately $1.5 million in WETH from an Ethereum balancer liquidity pool through a governance takeover attack.
Altogether, the total amount of money stolen in 2026 has risen to $795.3 million, with April seeing the most breaches.
Source: DeFiLlama Final Summary The wrongdoer drained approximately 150,177 RAY, 5,603 SOL, and nearly 893,700 USDC from the impacted pools. RAY’s price still remained unaffected, spiking by over 2% in the past 24 hours.
On June 10, 2026, a hacker exploited five deprecated liquidity pools on Raydium, Solana largest decentralized exchange, draining approximately $1.34 million in crypto assets through a forged LP token attack on the protocol’s legacy AMM V3 program.
The stolen funds included ~$900,000 in USDC, ~$357,000 in SOL, and ~$86,000 in RAY tokens. The RAY token up 2% in the 24 hours following the incident, recently changing hands at $0.578, already down ~7% on the week and sitting 96.6% below its all-time high of $16.83.
🚨Raydium confirms $1.34M exploit on legacy AMM V3 pools. No current users affected; full compensation from treasury. pic.twitter.com/tqmKATA2tH
— Solana Hub (@SolanaHub_) June 10, 2026
EXCLUSIVE: Earn $10 USDC Via Binance Sign-Up
Solana Raydium Exploit Explained: How a Fake Token Fooled a Retired Smart Contract Think of it like a decommissioned bank branch that closed its doors to customers years ago, but management forgot to move the cash out of the vault. The tellers are gone, the ATM is switched off, the branch doesn’t appear on the bank’s website anymore. But if someone found a side door still unlocked, the money inside would be just as real as ever.
That is almost exactly what happened here. Raydium operates as an AMM, an automated market maker, which means it uses smart contract-managed liquidity pools instead of traditional order books to facilitate trades on Solana. In 2021, Raydium phased out its legacy AMM V3 program after Serum’s order book was deprecated, replacing it with updated architecture. The old program was removed from the UI, but the underlying smart contract and the funds locked inside it remained live on-chain.
Source: Solcan The attacker found a smart contract vulnerability in that legacy code: the AMM V3 program did not properly validate the LP mint address, the token that represents a liquidity provider’s share of a pool. By creating a fake LP token mint and presenting it to the contract, the hacker convinced the program’s internal accounting that their counterfeit tokens represented legitimate pool ownership. The contract then allowed them to withdraw the pools’ real assets as though they were a genuine LP redeeming a position.
Across five pools, Sollet USDT–RAY, Sollet ETH–RAY, SRM–RAY, USDC–RAY, and RAY–SOL, the attacker withdrew ~150,177 RAY, ~5,603 SOL, and ~893,700 USDC. After the liquidity pool hack, the funds were bridged from Solana to Ethereum and deposited into Tornado Cash, a crypto mixer that breaks the on-chain transaction trail, a laundering pattern increasingly common in 2026 DeFi exploits. The attacker’s Solana address (ending in Bq33QVk) was initially funded through KuCoin.
EXCLUSIVE: Earn $10 USDC Via Binance Sign-Up
The Structural Story: Why Retired Code Still Held Live Funds The most important thing to understand about this DeFi exploit is what “deprecated” actually means on a public blockchain, and what it does not mean. When a protocol deprecates a program, it typically stops directing users to it via the interface and focuses development attention elsewhere.
What it almost never does automatically is freeze the contract’s state or migrate funds out of the old pools.
On Solana, and on Ethereum and virtually every other smart contract platform, a deployed program remains callable by anyone who knows its address, regardless of whether it appears on a front end. Unless a protocol explicitly pauses the contract, burns its upgrade authority, or migrates all liquidity out, the code keeps running.
Raydium’s legacy AMM V3 had been invisible to everyday users for four years, but it was never immobilized. That is the structural gap this exploit walked through.
Raydium is aware of an exploit involving unauthorized removal of liquidity from its legacy AMM V3 program which was previously phased out in 2021.
No current users of Raydium are affected by this exploit or would have been able to interact with these pools through the UI since…
— Infra | Raydium (@0xINFRA) June 10, 2026
Pseudonymous Raydium contributor 0xInfra confirmed the exploit was “a self-contained logic flaw” in the old program, not a key compromise or authority-level issue, meaning Raydium’s current mainnet programs carry no equivalent vulnerability.
But the broader implication is uncomfortable: how many other DeFi protocols running on Solana or other chains have deprecated contracts quietly holding dormant liquidity that has never been formally migrated or frozen? This incident suggests that number may be higher than anyone has audited.
Solana’s ecosystem has been evolving rapidly, but legacy infrastructure can lag far behind governance decisions.
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Interstate, a Web3 trading infrastructure entity, has partnered with Raydium, a renowned DEX and liquidity platform developed on the Solana blockchain. The partnership makes Raydium an official partner of Interstate, fortifying its endeavors to deliver seamless and effective trading experiences.
As per Interstate’s official social media announcement, the integration is set to connect Interstate Trenches with the liquidity pools of Raydium. Hence, the development focuses on enhancing price discovery as well as execution efficiency.
@Raydium 🤝 Interstate. Raydium Is An Official Interstate Partner
Best price matters when every second counts.
Interstate Trenches integrates with Raydium liquidity pools to help Solana traders get best-price routing and cleaner routes from discovery to execution.
Find Raydium… pic.twitter.com/tcRBKmbC1G
— Interstate (@interstatefdn) June 16, 2026 Interstate and Raydium Ensure Faster Trade Execution and Streamlined Asset Discovery to Solana Users The collaboration merges the seamless trading interface of Interstate with the liquidity infrastructure of Raydium. In this respect, the move is poised to deliver a smoother experience, including discovery and transfer completion.
Additionally, the integration also shows the significance of competitive pricing within the cryptocurrency trading landscape, where each second can influence execution outcomes. Apart from that, Interstate Trenches will utilize the liquidity pools of Raydium to provide cleaner routes, benefiting traders looking for optimized swaps for Solana-based assets.
By reaching comprehensive liquidity sources, consumers can likely leverage enhanced trade execution as well as a relatively streamlined procedure when engaging with DeFi applications. Additionally, the move expands the functionality for Solana traders via the inclusive interface of Interstate.
Accelerating Solana DeFi Expansion with Broader Trading Accessibility With the strategic Interstate alliance, consumers can discover Raydium-compatible assets, review pool-related data, examine real-time market charts, and execute their trades without shifting between different platforms.
The approach aims to streamline the trading workstreams by consolidating transfer capabilities and necessary market information into a unified environment. Interstate deems this collaboration a reflection of its efforts to enter the established infrastructure of Raydium to improve trading capabilities.
For Solana consumers, this joint initiative underscores the rising trend of enhancing efficiency, accessibility, and speed within DEXs. Ultimately, as the DeFi adoption keeps expanding, such partnerships could play a critical role in evolving the wider Web3 trading experience.
AUTHOR
Crypto journalist with years of experience providing in-depth analysis and news on blockchain and decentralized finance. With a keen eye for detail, Shahzaib delivers insightful articles that explore the latest trends, market movements, and innovations within the crypto and blockchain ecosystem. His work focuses on educating readers while offering expert commentary on the evolving landscape of digital assets, DeFi protocols, and the broader impact of blockchain technology.
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Created by industry experts and meticulously reviewed
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Once more making waves with some fascinating predictions is Shiba Inu (SHIB). Top trader Dexter has set an ambitious long-term target for the meme coin despite market volatility, expecting it may rise from $0.00001389 to $0.00015, which is almost a 1,000% increase.
SHIB is exhibiting a 1.27% growth over the previous 24 hours, and over 7% in the last week. Still, it’s not getting much traction even while the larger crypto market shows an improving trend.
Dexter forecasts SHIB could rally to a long-term target of $0.00015. Analyst Krao at TradingView presents a somewhat different prediction. With a whopping 7,300% gain from its present price, Krao is hopeful that SHIB might perhaps soar to $0.001 by early 2025.
His positive view rests on a fundamental technical pattern shown on the monthly chart. SHIB has been caught in a protracted decline since reaching its all-time high in October 2021 of $0.000088. A break from this declining wedge formation, according to Krao, could set off a major rally and propel SHIB skyward.
Shiba Inu: Short-Term Forecast Unlike Krao’s long-term hope, CoinCodex presents a more wary short-term SHIB projection. Their study shows that the price is expected to gradually decline by 0.69%, maybe reaching $0.00001397 by October 13, 2024.
With the Fear & Greed Index showing a level of anxiety at 32, the overall mood is neutral. This captures a degree of market anxiety that can affect the near-term fluctuations in SHIB. Despite this, some analysts advise that considering the possibility for future gains, now could still be a good time to buy SHIB.
Source: CoinCodex Current Market Sentiment Before somewhat recovering, SHIB’s price dropped into the $0.000012 area earlier this week. The token’s performance has been underwhelming on weekly and monthly bases. Its recent price path has shown more gloomy days than more hopeful ones.
Apparently moving their money to other joke currencies like PEPE and Dogelon Mars, which are now outperforming SHIB, are retail investors. Dexter keeps a good perspective in front of these difficulties.
He is hoping that SHIB might still eradicate another zero, so increasing its value in the next months. Having a market cap of more than $7.78 billion, SHIB is still rather prominent in the digital currency scene.
SHIB market cap currently at $8.15 billion. Chart: TradingView.com Support And Resistance Dexter’s study identifies critical support areas for SHIB, mostly between $0.00001076 and $0.0000120. SHIB needs these support levels if it is to get back up and increase momentum. Should SHIB decline from these levels, it may do so significantly to $0.000007.
From its present value, this possible drop would be 47%; from its annual high of $0.000045 attained in March, it would signal still another dip. Technical signs point to SHIB as at a turning point. Whether it can keep these important support levels will mostly determine its capacity for a bounce-back.
Looking Ahead While Shiba Inu negotiates its present difficulties, different analysts present conflicting views. While Dexter’s long-term optimism and Krao’s ambitious forecasts offer a more complicated picture, CoinCodex offers a cautious short-term prognosis projecting a decline in SHIB’s price.
Dexter’s optimistic long-term goal highlights a notable difference in perspective when it compared with Krao’s prognosis for a major rally These insights from CoinCodex, Dexter, and Krao should be carefully taken into account by investors assessing SHIB’s future under continuous market uncertainty.
Featured image from Revolutionized, chart from TradingView
Several altcoins are gaining attention today, driven by growing interest in political and celebrity-themed cryptocurrencies. Among the standout performers is TRUMP, Donald Trump’s official coin, which skyrocketed to a $15 billion market cap within just 24 hours of its debut.
MELANIA, a coin referencing Trump’s wife, followed with strong momentum, reaching hundreds of thousands of holders but entering a sharp correction. Meanwhile, Dogelon Mars (ELON), a meme coin related to the image of Elon Musk, saw its price double after weeks of sideways trading, highlighting the growing trend of meme coins tied to influential figures.
Official Trump (TRUMP)TRUMP, Donald Trump’s official coin on Solana, became one of the fastest-growing altcoins ever, reaching a $15 billion market cap and $2 billion in trading volume within 24 hours of its launch. Its explosive debut reflects significant interest as it coincided with Trump’s inauguration.
TRUMP Price Analysis. Source: DexscreenerThe coin now has over 850,000 holders and records more than 60,000 daily transactions. However, TRUMP has been down 34% in the last 24 hours, with key resistance levels at $64.5 and $71.8 if momentum returns.
If the euphoria continues to fade, TRUMP could fall further, testing support at $30.33 and possibly dropping to $15.43.
Melania Meme (MELANIA)MELANIA, a coin referencing Donald Trump’s wife, was launched on Solana just hours after TRUMP, quickly reaching billions in market cap. Its rapid rise shows how political-themed coins could be among the hottest narratives for this week.
MELANIA Price Analysis. Source: DexscreenerThe coin now has over 420,000 holders and a market cap of $868 million, but it has been down 43% in the last six hours. If the correction persists, MELANIA could test support at $3.95, signaling further downside pressure.
On the other hand, renewed hype could push MELANIA to test resistance at $9.36. A breakout above that level might drive the price toward $13.5, reigniting bullish momentum.
Dogelon Mars (ELON)Dogelon Mars (ELON), a meme coin referencing Elon Musk, is trending amidst the buzz surrounding Donald Trump’s inauguration. Musk’s perceived support for Trump has brought renewed attention to Musk-related altcoins, boosting its popularity.
ELON Price Analysis. Source: TradingViewELON, which had been trading sideways for weeks, began surging on January 19, doubling its price in hours and reaching its highest levels since 2022. This shows that this kind of celebrity/political meme coin is on the rise.
If a correction occurs, ELON could test support at $0.00000017, with a risk of further declines below $0.00000010. However, if the hype persists, the coin may rise again to $0.00000068, potentially testing $0.00000090 with a strong uptrend.
PANews reported on April 23 that, according to Cryptopolitan, Token Terminal data shows that the total value locked (TVL) of tokenized US Treasury bonds on-chain has surpassed $14 billion, setting a new record. Benji Fund, owned by Franklin Templeton, saw its on-chain assets grow by over 381% in the past month, becoming the fastest-growing issuer of tokenized debt. Tokenized Treasury bonds are primarily issued on Ethereum, with significant growth also observed on BNB and Solana. Currently, approximately 33,900 wallets hold tokenized Treasury bonds, nearing the historical peak. Holders are mainly DeFi teams and protocols, using tokenized Treasury bonds as collateral in lending protocols such as Morpho, Sky, and Flux. Based on an annualized yield of 3.68%, the $14 billion TVL could generate approximately $515 million in returns annually.
The Ethereum (ETH) price is trading with a bullish bias, holding well above the support provided by a longstanding ascending trendline.
While a critical resistance holds on the 4-hour timeframe, positive ETH ETF flows on Monday inspire hope.
Over $5 Million Ethereum ETF Inflows on Monday Fuels ETH Price SurgeThe Ethereum price continues to show strength, at least on the 4-hour timeframe, drawing tailwinds from over $5 million in ETF inflows on Monday.
Data on SoSoValue shows that on January 12, spot Ethereum ETFs reported a total net inflow of $5.042 million. With this, they effectively ended a 3-day net outflow streak.
Ethereum ETF Flows. Source: SoSoValueAmidst the positive flows, however, BlackRock’s ETHA ETF bled $79.9 million, marking the only outflows on Monday as Fidelity, Bitwise, VanEck, Invesco, and Franklin Templeton posted zero flows.
Conversely, 21Shares recorded $5 million in positive flows, alongside Grayscale’s $50.7 million and $29.3 million inflows from its ETHE and ETH investment products, respectively.
As of January 12, the cumulative total net inflows into Ethereum ETFs was $12.44 billion, with up to $940.66 million in total value traded and $18.88 billion in total net assets. Notably, the total net assets account for over 5% of Ethereum’s market capitalization.
Elsewhere, Bitcoin spot ETFs saw a total net inflow of $117 million, marking a shift from four consecutive days of net outflows. Meanwhile, Solana spot ETFs recorded a total net inflow of $10.67 million, while XRP spot ETFs saw a total net inflow of $15.04 million.
Ethereum Price Outlook After $5.04 Million Monday InflowsWith the Ethereum price holding well above the multi-week support offered by the ascending trendline, the dominant trend remains bullish.
With the RSI (Relative Strength Index) rising, momentum is increasing, and if sustained, the ETH price could potentially realize further gains. However, the RSI position around the 50 level leaves a lot on the balance, with price action susceptible to bearish takeover.
However, its overall trajectory and position above 50 means the bulls have the upper hand, a sentiment that could be enhanced if Tuesday’s flows also come in positive for ETH ETFs.
Traders looking to take long positions for the Ethereum price, therefore, should wait for a decisive candlestick close above the $3,150 resistance level. This can be confirmed by a successful retest of that level, where price breaks above it, retests it, and manages to still hold above it on the 4-hour timeframe.
Such a move could see the Ethereum price target the $3,223 to $3,296 supply zone next, a bearish order block that stands in Ethereum’s path toward reclaiming its peak prices.
Ethereum (ETH) Price Performance. Source: TradingViewConversely, with the Ethereum price confronting immediate resistance at $3,150, the volume profiles show significant opposing forces at current price levels around $3,134. This is evident in the large nodes of bullish (green horizontal bars) and bearish (red) volume profiles on the chart.
However, with more bearish nodes and bullish nodes, the Ethereum price could pull back, which would be accentuated by negative ETH ETF flows on Tuesday.
In the event of a correction, the bullish thesis for the Ethereum price would be invalidated if the support due to the ascending trendline breaks, which could see ETH retest the $3,058 levels last seen on January 9.
While Ethereum (ETH) and XRP Exchange-Traded Funds (ETFs) ended March in negative territory, Bitcoin (BTC) funds recorded their best monthly performance of the year despite weak market sentiment and geopolitical tensions.
Bitcoin ETFs End Negative Spell Bitcoin ended the first quarter of 2026 by breaking out of a five-month negative streak, closing with a positive performance for the first time since September 2025. The flagship crypto has been in a downtrend over the past six months, retracing over 50% from its October all-time high of $126,000.
As its price closes the month in green, US spot BTC-based ETFs have also ended a multi-month negative spell on Tuesday. According to SoSoValue data, the funds pulled in $1.32 billion in March, registering their first monthly gain in 2026.
Bitcoin ETFs end five-month outflows streak. Source: SoSoValue The category has been registering outflows since November, with cumulative outflows of around $6.3 billion until February. Nate Geraci, co-founder of the ETF Institute, previously highlighted that spot Bitcoin ETF investors have “largely displayed diamond hands” despite the ongoing market correction and negative sentiment.
As reported by NewsBTC, Geraci argued that the funds’ cumulative outflows since the October 10 crash were insignificant compared to the $56 billion in cumulative total net inflows the category has experienced since its January 2024 debut.
Despite the positive monthly close, BTC ETFs ended a four-week inflow streak after investors pulled out $296.18 million from the investment products. Additionally, the funds ended Q1 on a negative note, as March inflows couldn’t offset the $1.81 billion redemptions from January and February.
Therefore, spot Bitcoin ETFs closed the first quarter of 2026 with $496 million in outflows, their second-worst quarterly performance after Q4 2025’s $1.15 billion cumulative outflows.
Solana Leads Altcoin ETFs Performance Similar to Bitcoin, Solana (SOL) ETFs closed March on a positive note and led altcoin-based funds, with inflows worth $45.44 million. This performance brought SOL investment products’ quarterly inflows to $213.1 million.
Notably, the category has not seen monthly outflows since its launch in October 2025, printing six consecutive months of inflows. Following this performance, Solana ETFs are near the $1 billion milestone, currently having cumulative net inflows of $979.3 million.
Nonetheless, Ethereum funds tell a different story, closing the month with $46 million in outflows. Unlike Bitcoin, the second-largest cryptocurrency extended its negative streak to five months, recording total outflows worth $3.21 billion since November.
In addition, ETH investment products saw $769 million outflows in Q1. CoinShares recent report noted that Ethereum led all assets in outflows last week, shedding over $200 million for the second straight week, which may signal that institutional demand for the second-largest cryptocurrency has been slowing.
Meanwhile, XRP funds recorded their first monthly outflows after investors pulled $31.3 million from the ETFs. The category has recorded a remarkable performance since launching in November, with over $1.24 billion in inflows in the first four months.
It’s worth noting that despite the March setback, XRP ETFs saw positive net flows worth $42.52 million during the first quarter of 2026, only behind Solana funds.
Bitcoin trades at $68,523 on the one-week chart. Source: BTCCUSDT on TradingView Featured Image from Unsplash.com, Chart from TradingView.com
Pundu, the first meme coin to undergo a fair launch on DAO Maker, has raised over $100 million in just 37 hours.
Of particular significance is the unprecedented $37.6 million raise achieved on Solana, establishing a milestone as the largest on-chain raise in the network’s history. Concurrently, a $60 million influx was observed on the Binance Smart Chain (BSC), solidifying Pundu’s status with the second-largest raise ever witnessed on BSC.
$PUNDU Final Deposits: $97.6M ????
On BSC: $60M deposits ($51M $USDT, 8M $DAO )
On Solana: $37,6M (212,404 $SOL)
Starting refunds: BE PATIENT
Solana can only send SOL to 20 wallets per TX and we have over 20k contributions ????
It will take time for our team to process all pic.twitter.com/2GVIwyPnCZ
— DAO Maker (@daomaker) March 23, 2024
Pundu’s journey to this milestone has been nothing short of extraordinary. Born out of a vision to redefine the meme coin narrative, Pundu is the brainchild of visionary developers led by 0xWaynee, with invaluable insights from esteemed advisors, including experts from Gotbit and renowned meme-focused KOLs.
Unlike traditional meme coins, Pundu distinguishes itself as the first meme coin to undergo a fair launch on DAO Maker, embracing transparency and community-driven principles from its inception. As the saying goes, “Pandas are sloths, just better,” encapsulating Pundu’s ethos of combining the playful spirit of meme culture with a commitment to legitimacy and innovation.
At its core, Pundu is more than just a token; it’s a bold experiment to challenge conventional notions of value and legitimacy in the crypto space. With an approximate Liquidity Pool of $15 million USD at launch, Pundu aims to set a new standard for fair launch projects, demonstrating that the true essence of crypto extends beyond mere speculation to meaningful utility and community engagement.
As we celebrate this monumental achievement, Pundu invites the entire Web3 community to join us on this journey of exploration and innovation. With a focus on transparency, innovation, and community engagement, Pundu seeks to demonstrate the true potential of decentralized finance in driving positive change.
Contact: DAO Maker Email: [email protected] Disclaimer: This is a Press Release provided by a third party who is responsible for the content. Please conduct your own research before taking any action based on the content.
Oliver Dale
Editor-in-Chief of Blockonomi and founder of Kooc Media, A UK-Based Online Media Company. Believer in Open-Source Software, Blockchain Technology & a Free and Fair Internet for all. His writing has been quoted by Nasdaq, Dow Jones, Investopedia, The New Yorker, Forbes, Techcrunch & More. Contact [email protected]
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Created by industry experts and meticulously reviewed
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To further diversify its crypto investment portfolio, asset manager and ETF issuer Grayscale has unveiled the launch of the Grayscale MakerDAO Trust. This latest addition to Grayscale’s product suite allows investors to gain exposure to MKR, the utility and governance token underpinning the Ethereum-based MakerDAO ecosystem.
Grayscale Expands Crypto Portfolio MakerDAO is an autonomous organization operating a decentralized finance (DeFi) protocol, providing users access to a permissionless, open stablecoin system and various other on-chain financial services.
According to Tuesday’s announcement by the firm, through the Grayscale MakerDAO Trust, investors can now participate in the growth and development of the protocol’s MKR ecosystem.
“As demand for crypto exposure continues to grow, Grayscale is committed to expanding our suite of products and providing innovative investment opportunities,” said Rayhaneh Sharif-Askary, Grayscale’s Head of Product & Research.
“The launch of the Grayscale MakerDAO Trust allows investors to experience the growth of the entire MakerDAO ecosystem, aiming to remove DeFi’s dependency on traditional finance infrastructure by providing a permissionless, decentralized, and open stablecoin system,” Sharif-Askary also stated.
The new trust functions similarly to Grayscale’s other single-asset investment vehicles, with the fund solely invested in MKR tokens. The trust is now open for daily subscription by eligible individual and institutional accredited investors, providing them a convenient way to gain exposure to the MakerDAO protocol.
This announcement comes on the heels of Grayscale’s recent launches of the Grayscale Bittensor Trust, dedicated to the TAO token supporting the Bittensor Protocol, and the Grayscale Sui Trust, focused on the SUI token underpinning the Sui Layer 1 blockchain.
MKR Price Action Grayscale’s news sparked a spike in the MKR token, which hit an 8-month low of $1.7 on August 5 amid the broader market crash and global economic uncertainties that led to an increased sell-off.
MKR is trading at $2.10, up nearly 6% in the last few hours, coupled with a 16% increase in trading volume in the 24-hour time frame, amounting to $124 million, indicating investor interest in the token’s prospects.
MKR must consolidate above the $2.06 level to further capitalize on this latest surge, as it has acted as a resistance wall for the token over the past few days before Tuesday’s bullish news on the MKR/USDT daily chart. This would be key for MKR’s future advances and the potential to surpass its next resistance barrier at $2.16.
However, if there is a resurgence of demand and buying pressure for the token and the broader market, which can also contribute to MKR’s 10% surge last week, it would position MakerDAO’s native token to tackle its next resistance at $2.31, $2.42 and $2.73 on its way to reclaiming the $3 mark.
The daily chart shows MKR’s price surge on Tuesday. Source: MKRUSDT on TradingView.com Featured image from DALL-E, chart from TradingView.com
In the past 24 hours, three altcoins—CLANKER, PARSIQ (PRQ), and STEPN (GMT)—have shown significant market activity. CLANKER has surged by 60%, reaching a $60 million market cap and attracting attention within the Base ecosystem.
PARSIQ has gained nearly 40%, with the potential to break through key resistance levels. Meanwhile, STEPN, a lifestyle app that rewards physical activity with crypto rewards, has risen 25%. Its market cap is now at $442 million, and critical price levels are in sight.
tokenbot (CLANKER)CLANKER has risen approximately 60% in the past 24 hours, reaching a market cap of $60 million, one of the biggest among altcoins in the last day.
The platform is designed to launch coins on Base blockchain with an AI-centered narrative. It attracts between 5,000 and 10,000 traders daily. On November 27, CLANKER reached a peak daily trading volume of $60 million, but this has since declined, with current volumes ranging from $3 million to $7 million, way below its Solana counterpart, Pumpfun.
If the current uptrend continues and CLANKER surpasses the $73.7 resistance level, the price could test $75 and $80. If momentum slows, the price may instead test the support level at $66, marking a potential shift in short-term price direction.
CLANKER Price Analysis. Source: TradingViewParsiq (PRQ)PARSIQ is a platform offering real-time blockchain monitoring, automation, and workflow integration. It enables users to track and analyze blockchain transactions, events, and smart contract executions across multiple blockchains. In the last 24 hours, the coin is up nearly 40%, being one of the best-performing altcoins of the day.
If the current uptrend continues, PARSIQ could test the resistance at $0.32. A breakout above this level may lead to further price increases, potentially reaching $0.40 or even $0.45. If the momentum persists in the short term, these levels could act as key milestones.
On the downside, if the uptrend loses strength, the price may pull back to test support at $0.22. This level would be critical in determining whether the token stabilizes or experiences further declines.
PRQ Price Analysis. Source: TradingViewSTEPN (GMT)STEPN is a Solana-based lifestyle app that blends elements of Social-Fi and Game-Fi. It promotes physical activity like walking and running by offering crypto rewards to its users. The token has seen a 25% increase in value over the last 24 hours.
GMT now holds a market cap of $442 million. If it surpasses the resistance level at $0.173, the price could climb further to test $0.21. This breakout would signal continued upward momentum for the token.
If the resistance at $0.173 holds and the trend reverses, GMT could retest support at $0.14. A failure to maintain this level might lead to a further decline, with $0.128 as the next potential support point.
Bitcoin price and equities are dropping amid Trump’s tariffs. With reciprocal tariffs, stock and futures are falling rapidly, wiping out over $3.1 trillion in 48 hours. Meanwhile, the BTC Bull presale has raised over $4.4M while offering 95% APY staking rewards.
The Bitcoin and crypto markets remain under intense selling pressure at press time. After two days of tumultuous selling, the world’s most valuable coin is trading below $85,000. A bounce to $88,500 was quickly countered by sellers who took advantage of higher prices to sell, reaping significant profits from their activity.
Bitcoin Price and Altcoins Slump as Crypto Liquidation Spikes According to Coingecko, the total crypto market is down 2.5% to $2.75 trillion. Bitcoin, Ethereum, Cardano, Solana, XRP, and some of the best cryptos to buy are still struggling for momentum.
Notably, Ethereum is trending below $2,000, down nearly 6% in the past week of trading but still outperforming XRP, down 9% in the same period.
The biggest loser in the top 10 is Solana, down 13%, closely followed by Dogecoin. Interestingly, Tron is the top performer, turning green over the past seven trading days and wriggling back into the top 10.
Data from Coinglass reveals that over $110 million of Bitcoin and Ethereum long positions were closed on multiple perpetual exchanges, mainly Binance and Bybit.
Over $240 million of leveraged longs were liquidated, and over 108,000 traders were liquidated. The single largest liquidation order was recorded on Bybit, where a $3.25 million BTCUSDT position was closed.
Markets Digesting Impact of Trump’s Tariffs Stability at the moment could be the calm before the storm. On a positive note, it also signals strength and hope that crypto assets could become fluid alternatives that are useful as a store of value.
On April 2, Donald Trump announced reciprocal tariffs on several countries, including allies in Europe, Africa, and Asia. The shockwaves from America’s “Liberation Day” reverberated through financial markets, specifically wreaking havoc on equities and wiping trillions from some of the leading technology firms.
Apple, Nvidia, Alphabet, and other top technology companies have been down double digits over the last week, posting massive market cap losses. Within two days, it is estimated that equities in the United States lost over $3.1 trillion, and the figure could rise if Donald Trump remains adamant.
US stocks lose roughly $3.1 trillion in market value, their largest one-day decline since March 2020, a day after Trump announced new tariff plan that is billed to trigger global retaliation.
TRT World's Frank Ucciardo has more from Wall Street, New York pic.twitter.com/XwDkPydB20
— TRT World Now (@TRTWorldNow) April 4, 2025
BTC Bull Presale: A New Opportunity? Amid this market uncertainty, savvy investors are diversifying and actively exploring fresh opportunities.
They note that the BTC Bull presale is one of the hottest presales to consider in 2025.
In its viral presale, the project has raised over $4.4 million.
The interest lies in its unique approach.
BTC Bull aims to blend the appeal of meme coins with the potential of Bitcoin.
At key Bitcoin price milestones, they will distribute free BTC to BTCBULL holders. There will also be a token-burning plan to ensure BTCBULL is deflationary.
Free BTC will be airdropped once Bitcoin reaches $150,000. More free coins will follow at $200,000 and $250,000.
Meanwhile, BTCBULL token burning starts when Bitcoin hits $125,000, and after every $25,000 increment, the project will remove more tokens from circulation.
Currently, BTCBULL is trading at $0.002445; you can buy it using USDT, Ethereum, or even bank cards. Although you can purchase directly from the homepage, analysts recommend using the Best Wallet app.
Afterward, you can stake and receive a 95% APY, a superior yield that allows early investors to earn passive income.
VISIT BTCBULL HERE
DISCOVER: Top Solana Meme Coins 2025: 7 Best Buys Updated
Bitcoin Price, Equities Crash on Trump Tariffs, BTC Bull Presale Trending Bitcoin price stuck below $85,000 as Trump tariffs weigh down markets Crypto liquidation spikes in 48 hours, over $240 million leveraged positions closed Trump tariffs wipe over $3 trillion from U.S. equities BTC Bull presale raises over $4.4 million. BTCBULL staking offers 95% APY #Presales
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According to a report published today by blockchain security firm Hacken, decentralized finance (DeFi) protocols witnessed a steep decline in exploits in 2024, while centralized finance (CeFi) platforms more than doubled their losses due to security breaches.
DeFi Platforms Show Better Security Mechanisms In its annual “Web3 Security Report,” Hacken outlined the general trends in the cryptocurrency industry with regard to scams and security infrastructure. The report notes that total losses arising from security failure in 2024 stood at $2.91 billion.
DeFi protocols accounted for $474 million in losses this year, a 40% decline from $787 million in 2023. This sharp drop reflects the growing adoption of advanced security techniques, such as zero-knowledge cryptography and multi-party computation, across the DeFi ecosystem.
One key factor contributing to the reduction in DeFi exploits was the sharp decline in cross-chain bridge hacks. Losses from these attacks have consistently fallen – from $1.89 billion in 2022 to $338 million in 2023, and finally to $114 million in 2024.
In contrast, CeFi platforms, including cryptocurrency exchanges, reported $694 million in losses in 2024, more than double the $339 million recorded in 2023. CeFi accounted for nearly one-third of all crypto-related incidents, highlighting persistent vulnerabilities in centralized systems.
Gaming and metaverse projects were another major target in 2024, responsible for nearly 20% of all crypto-related hacks, with $389 million in losses. The largest gaming/metaverse breach of the year was the PlayDapp exploit in Q1 2024, which resulted in a $290 million loss.
Phishing scams also remained a significant concern, causing more than $600 million in losses this year. These scams highlight increasingly sophisticated social engineering tactics in the Web3 space.
In November, the sector faced a $129 million address poisoning attack. For context, address poisoning phishing involves attackers sending small transactions from an address that closely resembles one the victim has interacted with, tricking them into mistakenly sending funds to the fraudulent address in future transactions.
Memecoins And Rugpulls Continue To Prey On Users While memecoins were all the rage for the majority of 2024 – particularly on the Solana (SOL) blockchain due to its low transaction costs – a significant proportion of them preyed on investors through presale scams and celebrity-endorsed rug pulls.
One notable example is the Hawk Tuah memecoin, launched by viral influencer Hailey Welch, popularly known as “Hawk Tuah Girl”. The coin’s value plummeted 95% shortly after launch, sparking severe backlash from the wider Web3 community.
The rise in memecoin-related scams also underscores the need for greater investor education, particularly when engaging with such speculative assets. At press time, Bitcoin (BTC) trades at $98,921, up 5.8% in the past 24 hours.
BTC trades at $98,921 on the daily chart | Source: BTCUSDT on TradingView.com Featured image from Unsplash, chart from Tradingview.com
Australian energy technology firm, Powerledger has recently taken a significant step by integrating with the Solana blockchain. Through this integration, Powerledger is underscoring its commitment to sustainable and transparent innovations. This strategic move facilitates their contribution to Regenerative Finance (ReFi), a sector focused on enhancing social and environmental impacts alongside economic gains. Phoenix, a crypto analytical firm, revealed this strategic collaboration with community through an X post.
Powerledger Expands Collaboration with Solana Powerledger’s partnership with the Solana mainnet is marked by a mutual dedication to fostering innovation, sustainability, and transparency within the blockchain realm. These shared values are essential as the global focus shifts towards sustainable finance and responsible innovations.
According to a Powerledger spokesperson, this collaboration is poised to elevate the discourse around clean energy within the blockchain community, aligning financial innovations with global sustainability goals.
Impact on ReFi and Sustainability The integration is not merely a technical alliance but a significant leap toward embedding sustainability in financial technologies. Powerledger aims to augment the clean energy narrative within the blockchain sphere, a move that Powerledger co-founder John Bulich believes will demonstrate the positive role of cryptocurrency in global well-being.
The transition also includes Powerledger ceasing operations on its Solana Virtual Machine (SVM) blockchain instead of consolidating its technological advancements on the Solana mainnet.
With this integration, the POWR token, Powerledger’s native cryptocurrency, will now be available as a Solana ecosystem token while maintaining its presence as an ERC-20 token. This expansion allows Powerledger to harness Solana’s robust features to further its blockchain-based solutions, which include peer-to-peer energy trading and carbon credit trading.
AUTHOR
Crypto journalist with years of experience providing in-depth analysis and news on blockchain and decentralized finance. With a keen eye for detail, Shahzaib delivers insightful articles that explore the latest trends, market movements, and innovations within the crypto and blockchain ecosystem. His work focuses on educating readers while offering expert commentary on the evolving landscape of digital assets, DeFi protocols, and the broader impact of blockchain technology.
Powerledger (POWR) has officially completed its integration with the Solana ecosystem, accelerating the pace of innovation in the global sustainability markets. This move combines Solana’s cutting-edge blockchain technology with Powerledger’s proven energy and environmental commodities trading and energy tracking solutions, setting the stage for faster, more efficient, and cost-effective clean energy solutions worldwide.
On October 1, 2024, Powerledger began the deprecation of its own blockchain, marking a transition for the POWR token across both Ethereum and Solana. This dual-chain approach unlocks potential for the tokenisation, trading, and tracking of renewable energy assets, including excess clean energy, renewable energy certificates (RECs) and carbon credits (CCs), while driving global environmental accountability. Powerledger’s proprietary energy solutions are now transitioned to Solana mainnet.
“With our new Solana POWR token, we’re excited to leverage Solana’s network, this allows for lower fees and faster processing, aligning with our vision to make clean energy more efficient and accessible for all,” said John Bulich, Co-founder & Director, Powerledger.
Solana POWR: Speed, efficiency, and sustainability in action.
This integration enables Powerledger’s platform to scale faster, support high-volume energy and environmental commodities transactions, and contribute to a more efficient and decentralised energy future for global sustainability efforts. This integration with Solana mainnet offers,
POWR token availability: The POWR token is now available on both Ethereum and Solana, with no changes to the total token supply. Token swap mechanism ensures that for every POWR token minted on Solana, an equivalent amount is locked on Ethereum, preserving the integrity of the tokenomics and preventing inflation. Enhanced flexibility and interoperability: The dual-chain approach ensures that POWR remains accessible to users who prefer Ethereum, while also leveraging Solana’s powerful infrastructure and vibrant community to drive new sustainability solutions and collaboration. POWR as a payment token: POWR will continue to serve as a payment token for platform services across both Ethereum and Solana, incentivising green behaviours such as offsetting carbon emissions and reducing energy consumption. Powerledger also completed the integration of its own energy platform with Solana, leveraging Solana’s latest tools and technology. Powerledger (POWR) is set to play a pivotal role in enabling the tokenisation and trading of renewable energy assets, helping businesses meet their sustainability goals while making energy markets more transparent and accessible for all.
About Powerledger
Powerledger is a Web3 company that creates pioneering solutions that solve pressing energy challenges, enabling access to cheaper and cleaner electricity and transparent environmental trading marketplace. Founded in 2016, Powerledger is known for being Australia’s first and most successful ICO. Powerledger has previously experimented with Bitcoin and Ethereum forks before transitioning to a hard fork on Solana last year. Now, headquartered in Zug, Powerledger is recognised as one of the top 50 companies in Crypto Valley, Switzerland.
For more information, please visit https://www.powerledger.io/
Disclaimer: This is a Press Release provided by a third party who is responsible for the content. Please conduct your own research before taking any action based on the content.
Bonfida aims to fill the gap among the growing user base actively trading on Serum, Solana, and Serum DEX by providing a complete product suite. As the flagship platform, Serum GUI transforms Bonfida into a one-stop solution to emulate leading players in the Ethereum DeFi ecosystem, introducing the first Solana data analytics to the ecosystem.
Bonfida is an ecosystem built on Solana, comprising various products including perpetual swaps. The FIDA token is the native token of the Bonfida platform, adding value to all products and fees. FIDA is also used for fee discounts, staking rewards, and governance.
In addition, Bonfida offers its users the following products:
Name service: A decentralized naming service built on SolanaPerpetual: The first perpetual swaps on SolanaToken rights: The first SPL token vesting contract to be auditedBots: Developing trading strategies on Serum with native TradingView integrationPurchase and burn: Decentralized purchasing and burning operationsOn the other hand, Bonfida was the first project in the Serum ecosystem. It initially provided API services and has hosted the flagship Serum DEX since its launch in September 2020.
With Bonfida initially offering Serum UI and API services, there is said to be a demand for products that enhance the user experience in the Decentralized Finance (DeFi) area. The intense demand for products reportedly encouraged the launch of the ‘FIDA’ token on December 22, 2020.
Bonfida explains its contributions to the ecosystem as follows: Creating a new Serum core engine known as The Asset Agnostic Orderbook (AOB), which simplifies sending and receiving payments with the Solana Name Service and aids in token transfers by developing a smart contract in collaboration with Cope.
Additionally, Bonfida expresses having a simple but realistic goal of providing products that enable and enhance the Solana blockchain for all users.
Furthermore, Bonfida’s partners include AKG Venture, Alameda Research, CMT Digital, Evernew Capital, Genesis Block, and Koinbros.
Bonfida Coin ReviewEspecially after being listed on Binance, FIDA coin has garnered significant attention due to the platform’s long-standing service. Although investors have been closely monitoring the FIDA coin recently, it can be said that they approach it with relative caution.
How to Buy Bonfida Coin?FIDA Coin can be quickly and securely purchased through Binance, the world’s largest cryptocurrency trading platform by transaction volume.
To buy FIDA Coin, one must first sign up for Binance and then send fiat money. After sending a fiat currency like US dollars, one can proceed with the purchase of FIDA Coin in the Binance Coin (BNB), BUSD, Tether (USDT), and Bitcoin (BTC) FIDA trading pairs.
Additionally, users can place buy orders on Binance not only at market price but also at a lower price. This can be done by using the Limit tab, where one can enter the desired amount and price.
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.
Bonfida (FIDA) is an ecosystem of products and solutions created for the Solana Blockchain. The FIDA coin serves as the exclusive currency within the Bonfida ecosystem and plays a vital role in enhancing user experience and governance. In this article, you can find answers to two frequently asked questions: what is Bonfida (FIDA) and how to buy Bonfida (FIDA) with TRY.
What is Bonfida (FIDA)?Bonfida is an ecosystem built on the Serum trading protocol designed to serve the Solana Blockchain ecosystem. It offers various products and services, including the Solana Name Service, which allows users to replace their decentralized wallet addresses with domain names of their choice. Bonfida aims to showcase the potential of the Solana Blockchain and provide innovative solutions for its users.
The FIDA coin serves as the mainnet asset of the Bonfida ecosystem and plays a significant role in improving user experience and governance. A substantial portion of FIDA coins are locked long-term, creating scarcity and value appreciation over time. As the primary asset in the ecosystem, FIDA coin manages 95% of the net fees on Bonfida and can be used for transactions within the platform.
Users can unlock additional features such as Solible NFT marketplace listings and advanced market analytics by staking FIDA coins. Additionally, FIDA coin holders have governance rights, allowing them to vote on important parameters for the Bonfida ecosystem. This participation in governance empowers users to shape the future direction of the platform.
How to Buy Bonfida (FIDA) with TRY?Binance TR is the most suitable cryptocurrency exchange for investors in Turkey who want to buy Bonfida (FIDA). On Binance TR, where you can quickly create an account, you can buy and sell over 100 cryptocurrencies, including FIDA. Follow the steps below to buy Bonfida (FIDA) with TRY on Binance TR.
How to Open an Account on Binance TR?Opening an account on Binance TR is quite easy. You need to go to trbinance.com and proceed from the “Create Account” step. In the first step of creating an account, you will be asked to enter basic information such as your email address, phone number, name-surname, date of birth, nationality, and T.C. identity number.
After entering the requested information completely and accurately, email/SMS verification will be performed to confirm the information. After completing this process, you will proceed to the second step, identity verification (KYC).
How to Verify an Account on Binance TR?Identity verification on Binance TR is one of the security procedures that must be completed before starting cryptocurrency trading and during account creation. This process is also necessary to protect both the user and the cryptocurrency exchange. You can perform the verification process from your phone or through the official Binance TR website. Note that you will need your mobile phone to verify your identity from the website.
On the Binance TR website, hover over the “Profile” option at the top right and click on “Identity Verification and Limits” from the drop-down menu, then click “Verify.” In the next step, you will need to scan the QR code that appears with your phone’s camera and continue the process on your phone. If you cannot scan the QR code, click the “Copy URL” option to send the identity verification address to your phone via SMS.
When you enter the address on your phone or scan the QR code, a screen like the one below will open on your phone. First, tap on the “Identity” option to continue.
Then a screen like the one below will appear. To continue the verification process, first select the document type that is suitable for you.
After selecting the document type, tap on the “Upload front side” option to continue. After taking a photo of the front side of the document according to the selected document type, tap on the “Upload back side” option and take a photo of the back side of the document and upload it. Make sure that the images are clear and the information in the photos you take is easily readable when taking photos of the front and back sides of your ID card or driver’s license.
Then tap on the “Selfie” option to continue. At this point, your phone’s front camera will open, and you will need to scan your face. Once the camera is open, make sure your face fills the camera area as much as possible.
After completing all these steps accurately and completely, your identity verification process will be completed shortly.
How to Deposit TL on Binance TR?You can easily deposit TL into your Binance TR account from all banks. You can deposit TL 24/7 from your Vakıfbank, Ziraat Bankası, İş Bankası, Akbank, Fibabanka, Şekerbank, and Türkiye Finans accounts and perform transactions without interruption. From other banks, you can deposit up to 50,000 TL 24/7 with FAST. Deposits over 50,000 TL from other banks are processed during EFT hours.
To deposit money into your Binance TR account, first, go to trbinance.com and hover over the “Wallet” option at the top left of the homepage and click on the “Deposit” option from the drop-down menu.
Then a page like the one below will open, and you can continue the deposit process by selecting your preferred bank from this page. If your preferred bank does not yet have Binance TR integration, you should click on the “Other Banks” option to continue.
In this example, we will continue using Vakıfbank, but the process is the same for all other banks. When you click on the Vakıfbank option, you will see an account name and IBAN address where you can transfer via wire transfer, EFT, or FAST. All you need to do now is to transfer the amount you want to deposit into your Binance TR account using the information shown on the page of your preferred bank via wire transfer, EFT, or FAST.
After your bank completes the transfer process, the funds you sent will automatically be reflected in your Binance TR account wallet.
How to Buy FIDA Coin with TL on Binance TR?After the deposit process, you can proceed to the TL to FIDA coin purchase step by clicking on the “Buy-Sell” option in the top left menu of the Binance TR website.
After clicking on this option, the page below will open. You can go to the TL to FIDA purchase page by typing “FIDA” in the search section on the right side of this page and clicking on the FIDA/TRY option from the results.
Now the FIDA trading page below will open. On this page, in the area marked with a red box, you need to enter the price at which you want to buy FIDA in the first box and the number of FIDA you want to buy in the second box. After entering the amount, you can complete your purchase by clicking the “Buy FIDA” button.
What is Binance TR?Binance, the world’s largest cryptocurrency exchange by trading volume, officially launched its platform Binance TR for cryptocurrency investors in Turkey in 2020. The cryptocurrency exchange, headquartered in Istanbul, can be accessed at trbinance.com.
Binance TR leverages Binance’s technology, security measures, and liquidity provided through the Binance Cloud infrastructure to offer trading services from fiat to crypto and crypto to crypto. Users in Turkey can seamlessly deposit and withdraw Turkish lira (TRY) directly through bank channels and trade various cryptocurrencies with TRY trading pairs via Binance TR.
With Binance TR, users gain access to market-leading spot trading liquidity, a powerful matching engine, advanced security protocols, custody solutions, and risk controls, all supported by Binance’s core functionalities.
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.
Raydium, Solana Blockchain üzerinde çalışan, Serum DEX ile entegre bir otomatik piyasa yapıcıdır (AMM). Kullanıcılar, likidite havuzlarına varlık sağlayarak RAY coin kazanır ve bu tokenleri stake ederek ek ödüller elde edebilir. Raydium ayrıca AcceleRaytor platformu ile yeni projelerin Solana ekosisteminde sermaye toplamasını destekler. Bu yazımızda Raydium (RAY) nedir, TRY ile Raydium (RAY) nasıl alınır olmak üzere iki merak edilen sorunun yanıtını bulabilirsiniz.
Raydium (RAY) Nedir?Raydium, Solana Blockchain üzerine inşa edilmiş, otomatik bir piyasa yapıcı (AMM) olarak işlev gören merkeziyetsiz finans (DeFi) protokolüdür. Likidite havuzlarını merkeziyetsiz borsa (DEX) Serum ile entegre ederek dijital varlıkların alım satımını geliştirir. Bu entegrasyon, Raydium’un AMM’lerin esnekliğini geleneksel emir defteri mekanizmalarının güvenilirliği ile birleştirerek hızlı, likit ve düşük ücretli ticaret yapmasını sağlar.
Bir AMM olarak Raydium, likidite havuzları aracılığıyla dijital varlıkların izinsiz ticaretini kolaylaştırır. Bu havuzlar, varlıklarını akıllı sözleşmelere kilitleyen ve daha sonra DEX’te işlem çiftleri olarak hizmet veren likidite sağlayıcıları tarafından finanse edilmektedir. Likidite sağlamanın karşılığında kullanıcılar, Raydium’un yardımcı jetonu olan RAY cinsinden ödüller alır ve bu ödüller de ek ödüller kazanmak için stake edilebilir.
Borsalar gibi geleneksel borsalar, alış ve satış emirlerini eşleştirmek için merkezi bir emir defteri kullanır. Raydium tarafından desteklenen DEX olan Serum, bu süreci yönetmek için akıllı sözleşmeler kullanır. Emir defterinin bir tarafında, piyasa katılımcılarının satın almak istediği varlıkların miktarını ve fiyatını gösteren alım emirleri bulunur. Diğer tarafta ise satılık varlıkların miktarını ve fiyatını detaylandıran satış emirleri yer alır.
Raydium, işlemleri kolaylaştırmak için emir defteri yerine likidite havuzlarını kullanır. Likidite sağlayıcıları tarafından tedarik edilen bu havuzlar, alım ve satım emirleri için karşı taraf olarak hareket ederek merkezi olmayan ticareti mümkün kılar. Bu yöntem Ethereum üzerinde Uniswap gibi platformlar tarafından popüler hale getirilmiştir. Raydium, Ethereum tabanlı AMM’lere kıyasla daha düşük ücretleri, daha hızlı uygulama süreleri ve gelişmiş likidite yönetimi için Solana’yı seçti.
Raydium’un Serum’un emir defteri ile entegrasyonu, hem likidite havuzlarından hem de emir defterlerinden yararlanan hibrit bir ticaret modeli sağlar. Kullanıcılar Raydium’un likidite havuzlarına katkıda bulunduğunda, tokenler Serum’un emir defterinde limit emirlerine dönüştürülerek alım satım için kullanılabilir hale getirilir. Raydium, AMM ve Serum’un emir defteri arasındaki fiyatları karşılaştırarak uygun maliyetli işlemler sağlar.
Raydium, temel ticaret işlevlerinin ötesinde, likidite sağlayıcılarının LP tokenlerinden ekstra getiri elde etmelerine olanak tanıyan çift ödüllü çiftçilik gibi ek özellikler sunar. Kullanıcılar ayrıca işlem ücretlerinden ödül kazanmak için RAY coin stake edebilir. Ayrıca Raydium, yeni projelerin sermaye artırmasına ve Solana ekosistemi içinde büyümesine yardımcı olacak bir launchpad olan AcceleRaytor’u tanıttı.
TRY ile Raydium (RAY) Nasıl Alınır?Binance TR, Türkiye’de Raydium (RAY) satın almak isteyen yatırımcılar için en uygun bir kripto para borsasıdır. Hızlı bir şekilde hesap oluşturulabilen Binance TR’de RAY dahil 100’den fazla kripto para alınıp satılabilmektedir. Binance TR’de TRY ile Raydium (RAY) satın alabilmek için aşağıdaki adımları takip edebilirsiniz.
Binance TR’de Hesap Nasıl Açılır?Binance TR’de hesap açmak oldukça kolaydır. Bunun için trbinance.com adresine gitmeniz ve “Hesap Oluştur” adımından devam etmeniz gerekmektedir. Hesap oluşturmanın ilk adımında e-posta adresi, telefon numarası, ad-soyad, doğum tarihi, uyruk ve T.C. kimlik numarası gibi temel bilgilerinizi girmeniz istenecektir.
Talep edilen bilgilerin eksiksiz ve doğru bir şekilde girilmesinin ardından bilgilerin teyit edilerek doğrulanması amacıyla e-posta/sms doğrulaması yapılacaktır. Bu sürecin tamamlanmasının ardından ikinci adım olan kimlik doğrulamasına (KYC) geçerek devam edeceksiniz.
Binance TR’de Hesap Nasıl Onaylatılır?Binance TR’de kimlik doğrulaması, kripto para alım satımına başlamadan önce ve hesap oluşturma sırasında gerçekleştirilmesi gereken güvenlik prosedürlerinden biridir. Bu işlem aynı zamanda hem kullanıcıyı hem de kripto para borsasını korumak için gerekmektedir. Tercihinize göre doğrulama işlemini telefonunuzdan ya da Binance TR’nin resmi web sitesi üzerinden yapabilirsiniz. Bu noktada web sitesinden kimlik doğrulaması yapmak için de cep telefonunuza ihtiyacınız olacağını belirtelim.
Binance TR web sitesinde sağ üstte bulunan “Profil” seçeneğinin üzerine geldikten açılır menüden “Kimlik Doğrulama ve Limitler” seçeneğine tıklayarak devam edin ve ardından “Doğrula” seçeneğine tıklayın. Bu adımdan sonra karşınıza çıkacak QR kodunu cep telefonunuzun kamerasına taratmanız ve işleme cep telefonunuzla devam etmeniz gerekecek. Eğer QR kodunu tarayamıyorsanız, “URL’yi Kopyala” seçeneğine tıklayarak kimlik doğrulama adresini cep telefonunuza SMS ile gönderilmesini sağlayabilirsiniz.
Adresi cep telefonunuza girdiğinizde veya QR kodunu taradığınızda cep telefonunuzda aşağıdaki gibi bir ekran açılacaktır. Buradan öncelikle “Kimlik” seçeneğine dokunarak devam edin.
Ardından aşağıdaki gibi bir ekran açılacaktır. Doğrulama işlemine devam etmek için öncelikle sizin için uygun olan belge tipini seçerek devam edin.
Belge tipini seçtikten sonra “Ön yüzünü yükle” seçeneğine dokunarak devam edebilirsiniz. Seçtiğiniz belge tipine göre belgenin ön yüzünün fotoğrafını çektikten sonra “Arka yüzünü yükle” seçeneğine dokunun ve belgenin arka yüzünün fotoğrafını çekip yükleyin. Kimlik kartınızın ya da ehliyetinizin ön ve arka yüzünün fotoğrafını çekerken görüntülerin net olduğundan ve çektiğiniz fotoğraftaki bilgilerin kolayca okunabildiğinden emin olun.
Daha sonra “Selfie” seçeneğine dokunarak devam edebilirsiniz. Bu noktada cep telefonunuzun ön kamerası açılacak ve yüzünüzü taratmanız gerekecek. Kamera açıldıktan sonra yüzünüzün kamera alanını olabildiğince doldurduğundan emin olun.
Tüm bu adımları eksiksiz ve doğru bir şekilde tamamladıktan sonra kimlik doğrulama işleminiz kısa bir süre içerisinde gerçekleşecektir.
Binance TR’de Nasıl TL Yatırılır?Binance TR hesabınıza tüm bankalar üzerinden kolayca TL yatırabilirsiniz. Vakıfbank, Ziraat Bankası, İş Bankası, Akbank, Fibabanka, Şekerbank, Türkiye Finans hesaplarınızdan ise 7/24 TL yatırabilir ve kesintisiz şekilde işlem yapabilirsiniz. Bu bankalar haricindeki diğer bankalardan ise FAST ile 50 bin TL’ye kadar 7/24 yatırma işlemi yapılabilmektedir. Diğer bankalardan yapılan 50 bin TL üzeri para yatırma işlemleri EFT saatleri içerisinde gerçekleşir.
Binance TR hesabınıza para yatırmak için ilk olarak trbinance.com adresinden ana sayfanın sol üst köşesindeki “Cüzdan” seçeneğinin üzerine gelin ve açılır menüden “Yatırma” seçeneğine tıklayın.
Ardından aşağıdaki gibi bir sayfa açılacaktır ve bu sayfadan tercih ettiğiniz bankayı seçerek para yatırma işlemine devam edebilirsiniz. Eğer tercih ettiğiniz banka henüz Binance TR entegrasyonuna sahip değilse “Diğer Bankalar” seçeneğine tıklayarak devam etmelisiniz.
Biz bu örnekte Vakıfbank’ı kullanarak devam edeceğiz ancak süreç diğer tüm bankalar için de aynıdır. Vakıfbank seçeneğine tıkladığınızda karşınıza o bankaya ait havale, EFT veya FAST yapabileceğiniz bir hesap adı ve IBAN adresi gelecektir. Artık tek yapmanız gereken, tercih ettiğiniz bankanın sayfasında görünen bilgileri kullanarak Binance TR hesabınıza yatırmak istediğiniz miktarı havale, EFT veya FAST ile göndermektedir.
Bankanız transfer işlemini tamamladıktan sonra gönderdiğiniz fonlar otomatik olarak Binance TR hesabınızda cüzdanınıza yansıtılacaktır.
TL ile Binance TR’de Nasıl RAY Coin Alınır?Para yatırma işleminin ardından Binance TR web sitesinde sol üst menüsünde bulunan “Al-Sat” seçeneğine tıklayarak TL ile RAY coin satın alım adımına geçebilirsiniz.
Bu seçeneğe tıkladıktan sonra aşağıdaki sayfa açılacaktır. Bu sayfanın sağ tarafındaki arama kısmına “RAY” yazarak gelen sonuçlardan RAY/TRY seçeneğine tıklayarak TL ile RAY satın alım sayfasına gidebilirsiniz.
Şimdi aşağıdaki RAY alım satım sayfası açılacaktır. Bu sayfada kırmızı kutuyla işaretlenen alanda ilk kutucuğa hangi fiyattan RAY satın almak istiyorsanız fiyatı ve ikinci kutucuktan kaç adet RAY almak istediğiniz girmeniz gerekmektedir. Tutarı girdikten sonra “RAY Al” düğmesine tıklayarak satın alım işleminizi gerçekleştirebilirsiniz.
Binance TR Nedir?Ürettiği işlem hacmi ile dünyanın en büyük kripto para borsası olan Binance, Türkiye’deki kripto para yatırımcılarına özel platformu Binance TR’yi 2020’de resmen hizmete sunmuştur. Merkezi İstanbul’da bulunan kripto para borsasına trbinance.com adresinden erişilebilmektedir.
Binance TR, Binance’in teknolojisinden, güvenlik önlemlerinden ve Binance Cloud altyapısı aracılığıyla sağladığı likiditeden yararlanarak hem fiattan kripto paraya hem de kripto paradan kripto paraya alım satım hizmeti sunmaktadır. Türkiye’deki kullanıcılar Binance TR aracılığıyla doğrudan banka kanalları aracılığıyla sorunsuz bir şekilde Türk lirası (TRY) yatırıp çekebilmekte ve TRY işlem pariteleriyle çeşitli kripto paraların alım satımını yapabilmektedir.
Kullanıcılar Binance TR ile Binance’in temel işlevleriyle desteklenerek piyasa lideri spot alım satım likiditesine, güçlü bir eşleştirme motoruna, gelişmiş güvenlik protokollerine, saklama çözümlerine ve risk kontrollerine erişim sağlamaktadır.
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.
Bonfida Coin (FIDA) is the native cryptocurrency of the Bonfire ecosystem.
What is Bonfida (FIDA)?Bonfida offers a suite of products aimed at bridging the gap between users actively trading on Serum, Solana, and Serum DEX. The platform, whose flagship is the Serum GUI, brings the first Solana data analytics to the ecosystem. The team aims to make Bonfida a one-stop solution to boost the leading players in the Ethereum DeFi ecosystem.
The Bonfia API is currently used by the largest market makers in the cryptocurrency industry. While Serum represents potential, Bonfida is the glove. Serum is an excellent program, but Bonfida’s GUI allows users to interact seamlessly with the DEX and leverage its potential.
So far, Bonfida has been the first project to offer charts, market orders, and TradingView data to Serum. Additionally, Bonfida has a backend infrastructure that stores all on-chain transactions for Serum. This infrastructure provides data flow via a REST API used by CoinMarketCap and CoinGecko.
Bonfida stands out in the ecosystem with over 6 million requests per day. This data flow is used by the official Serum GUI to load historical transactions for each market.
Where to Buy FIDA Coin?Bonfida Coin can be safely traded on Binance, the world’s largest cryptocurrency exchange by trading volume. FIDA Coin is traded on the Binance platform in the FIDA/BTC, FIDA/BNB, FIDA/USDT, and FIDA/BUSD pairs.
To purchase Bonfida Coin, you must first register on the Binance exchange. Once registration is complete, you need to transfer cryptocurrency or fiat currency to your Binance wallet. After the transfer is complete, you can purchase FIDA Coin from any of the four pairs mentioned above. To buy from the FIDA/USDT trading pair, you must first navigate to the pair’s interface. On the FIDA/USDT interface, enter the desired purchase amount in the limit section. After specifying the amount, complete the purchase with the Buy FIDA order.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
TLDR: Raydium’s Legacy AMM V3 lost $1.34M via an LP mint validation flaw in deprecated pools. Attacker bypassed proportion checks by creating a fake LP mint; no key compromise occurred. Five idle pools were drained; current mainnet programs and SDK remain fully unaffected. Raydium’s treasury will fully compensate victims while a mainnet security review is underway. Raydium confirmed an exploit targeting its deprecated Legacy AMM V3 program, resulting in approximately $1.34 million in unauthorized liquidity removals.
The attack exploited an LP mint validation flaw that allowed an attacker to bypass proportion checks. Only inactive Legacy AMM V3 pools were affected.
Current mainnet programs, the SDK, and the DApp remain fully operational and unaffected.
Exploit Details: How the Attacker Bypassed Security Checks The vulnerability originated from insufficient validation of the LP mint address within the Legacy AMM V3 program. Because the program failed to properly verify the LP mint, the attacker created a new mint and used it as the LP token.
This effectively bypassed the proportion checks that were meant to govern liquidity removal. The flaw was entirely self-contained and did not involve any key compromise or authority-level issue.
Five pools were affected in the attack. These included Sollet USDT–RAY, Sollet ETH–RAY, SRM–RAY, USDC–RAY, and RAY–SOL.
The exploiter’s wallet address has been identified as 4WnPebowR4HHfumvNPaDjG6Pa5Hi1jxLm6xmmBq33QVk. Assets drained include approximately 150,177 RAY, 5,603 SOL, and 893,700 USDC.
Legacy AMM V3 was originally built to use deposited funds for placing orders on the Serum order book. It did not offer swap functionality.
Following Serum’s deprecation, liquidity in these pools remained idle. Proportion checks in this program relied on LP token supply rather than the virtual supply mechanism used in current programs.
Raydium’s team confirmed the exploit carries no propagation risk. Since the flaw was a logic error rather than a systemic vulnerability, it does not affect other programs.
Raydium is aware of an exploit involving unauthorized removal of liquidity from its legacy AMM V3 program which was previously phased out in 2021.
No current users of Raydium are affected by this exploit or would have been able to interact with these pools through the UI since…
— Infra | Raydium (@0xINFRA) June 10, 2026
No current users could have interacted with these deprecated pools through the UI since their phase-out in 2021.
Raydium’s Response: Compensation and Security Review Raydium moved quickly to address the situation following the exploit. The project confirmed that full compensation for affected users will be handled directly through its treasury. This commitment covers the entire $1.34 million in drained assets across all five impacted pools.
Raydium’s core contributors announced a comprehensive security review of all mainnet programs. The goal is to verify that no similar logic flaws exist across any active code.
Current programs already use a virtual supply mechanism for proportion checks and properly verify LP mint addresses and all relevant account data.
The team also clarified the architectural difference that protected current programs. Unlike Legacy AMM V3, all active Raydium mainnet programs correctly validate the LP mint along with other account information. This prevents the class of vulnerability that was exploited in the deprecated program.
Raydium stated that neither the SDK nor the DApp supports mainnet interactions with Legacy AMM V3 pools. As a result, current users were never exposed to risk.
The project’s transparency in publishing the exploiter’s address and affected pool details reflects its broader commitment to community trust.
PANews reported on October 8th that, according to Blockworks, the Solana Decentralized Physical Infrastructure Network (DePIN) project, Grass, is raising $10 million in a bridge financing round. This follows the project's previous seed and Series A funding rounds. Andrej Radonjic of Grass revealed to Blockworks that Polychain and Tribe Capital participated in this bridge round, which primarily involved token purchases. The Grass team is reportedly looking to prepare for the transition from training computation cycles to inference, with the ultimate goal of achieving "internet-scale web crawler" operations, which will enable them to build real-time contextual retrieval capabilities.
On May 24, multiple key crypto institutions are based at the 1155 F Street building in Washington, D.C. Notable tenants include Coinbase, DCG, the Blockchain Association, and Injective on the third floor, while the 10th floor houses the Solana Policy Research Institute, Hyperliquid Policy Center, and the DeFi Education Fund. Additionally, venture capital giant Paradigm is also moving into the facility. According to reports, the building has seen visits from White House officials, Capitol Hill staffers, state lawmakers, and congressional candidates seeking crypto policy support. All in all, 1155 F Street has emerged as the de facto "lobbying command center" for the U.S. cryptocurrency industry.
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BCA Research raises its S&P 500 target to 8,100 points, with AI remaining a core variable.
BCA Research has become the latest strategy firm to raise its US stock market target, reflecting Wall Street’s growing optimism about earnings support for US equities in the second half of the year. The institution lifted its year-end S&P 500 target from 7,700 points to 8,100 points. BCA’s core view is that first-quarter corporate earnings exceeded expectations in both strength and breadth, and the US economy has re-entered an expansion phase. Similar to JPMorgan Chase, BCA believes this stock rally is not only driven by valuation expansion—earnings themselves are delivering the index’s gains. AI remains the core variable in this assessment. Large tech firms including Alphabet, Microsoft, Amazon, Meta and Oracle continue to increase capital spending on data centers and AI infrastructure, driving growth in orders for chips, servers, construction, power and related industrial chains. This provides a clearer fundamental basis for upward revisions to 2026 and 2027 earnings. The institution points out that risks exist: the earnings expansion brought by AI investments has already been quickly priced into the market. If subsequent returns on capital spending are questioned, or interest rates remain elevated, further upside for the index will require more earnings confirmation rather than relying solely on investor risk appetite.
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Tom Lee: Markets have nearly priced in two interest rate hikes from the Federal Reserve this year, and the rise in US Treasury yields is weighing on market sentiment.
Tom Lee said the market is still digesting Kevin Warsh’s remarks from his first press conference last week and repricing the macro environment. Over the past week, oil prices have pulled back, with war premiums contracting. Current oil prices are not far from the roughly $65 level seen before the conflict, indicating the market views related war risks as declining. On the other hand, 10-year U.S. Treasury yields continue to rise, now around 4.5%, higher than the pre-conflict level of roughly 4.2%. The main headwind the market has faced recently has shifted from oil prices to yields. Tom Lee noted that the market is not only focused on 10-year U.S. Treasury yields but also starting to price in potential additional interest rate hikes from the Federal Reserve. According to federal funds futures, the market is currently pricing in nearly two rate hikes this year. Bank of America further projected today that the Fed will raise rates three times this year, in September, October, and December respectively. Jeffrey Gundlach often emphasizes the importance of monitoring 2-year U.S. Treasury yields, as they typically lead the Fed and signal the central bank’s policy direction. Between 2023 and 2025, the relationship between 2-year U.S. Treasury yields and the federal funds rate indicated that the Fed’s policy was overly tight, requiring interest rate cuts. However, this relationship has recently reversed, meaning the Fed would need two rate hikes to catch up with 2-year U.S. Treasury yields. He believes that, at least for now, yields have become a headwind for the market.
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Japan and South Korea's stock markets closed higher across the board, with Japan's stock market hitting a new closing high.
According to Bitget market data, the Nikkei 225 index closed up 3,191.37 points, or 4.61%, at 72,366.34 points on Thursday, June 25, hitting a new all-time closing high. South Korea’s KOSPI index rose 459.76 points (5.43%) to end at 8,930.78 points; SK Hynix surged 13% while Samsung Electronics gained more than 5%.
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A newly created wallet withdrew 17,675 ETH from Binance, valued at $28.58 million.
According to monitoring by Onchain Lens, a newly created wallet withdrew 17,675 ETH from Binance, valued at $28.58 million.
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JPMorgan Chase raised its S&P 500 target to 7,800 points, while warning of an overcrowded AI trade.
JPMorgan Chase has raised its year-end outlook for U.S. stocks, while cautioning investors that the overcrowding in AI-related momentum stocks is becoming the market’s most vulnerable segment. The JPMorgan strategy team led by Dubravko Lakos-Bujas lifted its 2026 year-end target for the S&P 500 from 7,600 to 7,800 points, citing continued upward revisions to corporate earnings expectations and nearly doubling of AI-related capital expenditures. The bank noted that consensus earnings expectations for both 2026 and 2027 have been revised up by roughly 10% since the start of the year, a magnitude typically only seen in the recovery phase after a recession or major shock. However, JPMorgan does not interpret this upward revision as a risk-free rally. The bank pointed out that low-quality growth stocks, speculative growth stocks, and second- and third-tier AI-related concept stocks have become "extremely overcrowded," and a pullout of capital could trigger a rapid correction. The strategists also noted that rising equity supply in the coming quarters and potentially tight monetary policy could cap further valuation expansion. On the allocation front, JPMorgan recommends a barbell strategy: holding high-quality growth stocks and stocks directly benefiting from AI on one end, and low-volatility, high-quality stocks as a portfolio buffer on the other. The bank remains bullish on tech, select industrials, utilities, defense, banks, and some healthcare growth stocks, but believes the market’s upward trajectory will not be linear.
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Preview: The U.S. May core PCE data will be released at 20:30 tonight, and is projected to hit its highest level since October 2023.
The Fed’s key inflation gauge, the Personal Consumption Expenditures (PCE) price index, will be released at 20:30 tonight, with markets expecting a sharp rise in May inflation that could reignite rate hike bets. The headline PCE year-over-year growth rate is projected to hit 4.1% in May, up from 3.8% in April and marking its highest level since 2023. Core PCE, which excludes food and energy, is forecast to rise to 3.4% year-over-year, up from 3.3% in April and its highest reading since October 2023. Core PCE has remained above the Fed’s 2% inflation target since 2021. The recent short-term inflation uptick was driven mainly by surging gasoline prices amid the Iran conflict in May. Oil prices have since edged lower following the signing of a peace deal between the U.S. and Iran, but core inflation has strengthened in tandem, indicating that price pressures are not solely tied to geopolitical oil shocks. Data from the CME FedWatch Tool shows that as of Wednesday, markets are pricing in a 34% probability of a 25 basis point rate hike in July. Aditya Bhave, U.S. economist at Bank of America Securities, noted that the recent inflation rebound stems in part from tariffs and one-off disruptions, but successive supply shocks have eroded the Fed’s patience, while deflationary room in the housing sector has largely been exhausted. Data shows that core PCE dipped to 2.6% in April, its lowest level since 2022, but annualized core PCE growth over the past three and six months has hovered near 3.8%.
A recent MEXC Q3 report highlighted the strong performance of the crypto market during the last quarter, which saw active traders surge as the total crypto market capitalization climbed to the $4 trillion mark.
Spot Market Sees Strong Q3 Performance On Wednesday, crypto exchange MEXC published its Q3 2025 Ecosystem & Growth Report, highlighting sustained expansion, robust user activity, and security from the previous quarter.
According to the report, the exchange experienced strong activity and trading momentum during the market run between July and September, with over 680 new tokens added to the crypto exchange in Q3, representing a 17% increase from Q2.
Moreover, the number of active users trading new listings in the exchange increased 16%, while the trading volume for these tokens surged 97%. The report also noted that the spot market had a “particularly robust” performance last quarter, with the top 10 highest-volume tokens recording an average peak gain of 2,933%, a 158% jump from Q2.
Notably, memecoins, AI + Web3, Perpetual Decentralized Exchanges (DEXs), and stablecoin protocols were among the dominant narratives, with tokens like STBL, Chainbase (C), and DeAgentAI (AIA) showing remarkable 500% to 12,00% performances.
Meanwhile, the BSC ecosystem outperformed all other ecosystems, taking six of the top 10 tokens by growth in the crypto exchange. The report detailed that BSC projects produced an average return of over 9,000%, including TALE, BAS, and MEAL.
It’s worth noting that the BSC outperformed other networks in DEX activity earlier this month, with data showing that it recently ranked first across all chains, surpassing Ethereum and Solana on DEX daily trading and chain fees. Additionally, BSC reached a new all-time high (ATH) of 5.02 trillion gas used in a single day two weeks ago.
MEXC also highlighted that BSC’s strength was matched by the Ethereum and Base ecosystems, which recorded strong performance with GAIA, ERA, and Avantis (AVNT), “representing the growing cross-chain vitality of Layer-2 and DeFi derivative protocols.”
Crypto Losses Trend Slows Down The report revealed that the crypto exchange intercepted 48 fraud cases last quarter, freezing nearly $5 million in illicit funds. As part of its efforts to prevent fraud, it also restricted more than 19,000 suspicious accounts, including 17,000 collusive accounts and over 2,000 bot-trading accounts.
Notably, a concerning trend that has been developing this year, which could drive theft from digital asset services to a new milestone by the end of 2025.
According to Chainalysis, crypto theft this year has been “more devastating” than the entirety of 2024, with over $2.7 billion worth of funds stolen from crypto services in the first half of 2025.
As reported by NewsBTC, hacks significantly increase at the start of Q3, driving over $100 million in losses for exchanges. Q2 showed a diminishing trend in total crypto losses, with May and June recording 40% and 56% month-on-month (MoM) declines, respectively.
This trend briefly shifted in July as the total value of stolen funds surged 27.2% from the previous month. Nonetheless, recent reports show that total funds lost to crypto hacks and exploits dropped around 37% in Q3, despite the market rally and initial trend.
Total crypto market capitalization is at $3.6 trillion on the one-week chart. Source: TOTAL on TradingView Featured Image from Unsplash.com, Chart from TradingView.com
