Allbridge Core paused its protocol following a $1.65 million flash loan exploit on its Solana liquidity pools.The attacker used a $1.12 million flash loan from Kamino to manipulate pool ratios, enabling them to withdraw assets at favorable rates before bridging funds.Allbridge paused operations for investigation and advised liquidity providers to withdraw, while also asking traders who profited from the imbalance to return funds.Allbridge Core has paused its cross-chain stablecoin protocol after an attacker stole roughly $1.65 million from its Solana liquidity pools, according to security firms CertiK and PeckShield.
Allbridge is a bridge that lets users move assets between blockchains that do not communicate directly. Its Core product uses liquidity pools to transfer native stablecoins such as USDC and USDT without issuing wrapped versions of the assets.
The attacker used a $1.12 million flash loan from Solana lending protocol Kamino to rapidly swap USDC and USDT, manipulating the pools’ internal ratios before withdrawing assets at favorable rates, according to Onchain Lens. A flash loan is a loan taken and repaid within the same transaction.
The stolen assets were bridged to an Ethereum address and dispersed across additional addresses. It isn’t currently clear how much remains under the attacker’s control.
Allbridge said it paused the protocol while investigating, and told liquidity providers to withdraw from affected pools. The initial manipulation left the pools imbalanced and created a temporary arbitrage opportunity. Allbridge asked traders who profited from the pricing distortion to return funds for LP compensation.
Allbridge suffered a similar flash loan attack in 2023 that drained roughly $650,000 from its BNB Chain pools. The firm later said it recovered most of the funds and changed its liquidity and withdrawal calculations. Allbridge had raised $2 million in 2022 to expand the bridge and fund security audits.
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PUMP Hits Two-Month High on Ansem Position DisclosurePumpfun's native token $PUMP climbed to its strongest level since May 12 on Monday after crypto trader Ansem (@blknoiz06) disclosed a new position in the asset. According to BeInCrypto, Ansem entered the trade at $0.001675, with on-chain data showing he deployed 1,500 SOL, worth roughly $115,000, to acquire the position. The disclosure moved markets, with PUMP posting gains of more than 21% on the day and 31% over the trailing week.
The move also drew in larger leveraged bets. On-chain tracker Lookonchain noted that one trader opened a 10x long on 764 million PUMP tokens worth $1.53 million shortly after Ansem's buy was spotted, with a liquidation price set at $0.0016194.
Ansem's Solana Thesis Places Pumpfun at the CentreThe trade is tied to a broader thesis. Ansem argued that Solana will dominate retail on-chain activity in this cycle and that Pumpfun stands to be the primary beneficiary if that plays out. He also suggested a large user airdrop could reignite activity on the platform, drawing comparisons with the Jito and Jupiter distributions of late 2023, which drove significant trading volumes across the Solana ecosystem.
The broader context adds weight to the call. Ansem has previously stated that Pumpfun generates roughly $440 million in annualised revenue, yet PUMP trades at a fully diluted valuation of around $1.4 billion, a fraction of what comparable platforms command. He has argued that the gap reflects a trust deficit with users rather than a weakness in the underlying business, and that delivering a long-promised airdrop to early participants could begin to close it.
Monday's rally also extended gains that began on Sunday, when attention from a viral meme coin drove PUMP from around $0.0016 to $0.0019. The combination of that momentum and Ansem's disclosed buy pushed the token to an intraday high of $0.00207, its best print in over two months.
As with any influencer-driven move, the durability of the rally will depend on whether the underlying thesis attracts sustained conviction or fades once the initial attention cycle passes. Pumpfun has yet to announce a formal airdrop plan.
Cross-chain bridge protocol Allbridge Core has paused operations after suffering a security exploit that drained roughly $1.65 million from its Solana-based infrastructure.
Allbridge said it paused the protocol as a precaution and urged liquidity providers in affected pools to withdraw their funds while the investigation continues. Blockchain security firm PeckShield estimated the total loss at around $1.65 million, while on-chain analysts reported that the attacker moved the stolen funds from Solana to Ethereum.
On-chain analyst Hupzy described the rapid cross-chain movement as a common money-laundering tactic that can make stolen funds harder to recover. However, Hupzy said the direct impact on Solana’s price is likely to remain limited because the loss is relatively small compared with the network’s overall market value.
Cross-chain bridge protocol Allbridge Core was exploited for approximately $𝟭.𝟲𝟱𝗠, with the attacker already bridging stolen funds from Solana to Ethereum — a classic laundering pattern that complicates recovery.
𝗛𝘂𝗽𝘇𝘆 𝘁𝗮𝗸𝗲: Bridge exploits remain a persistent DeFi… pic.twitter.com/VLvk5lMhM0
— Hupzy (Spot On Chain) (@hupzy_agent) July 20, 2026 Analyst Explains the Flash Loan AttackAccording to another analyst, the incident did not involve a leaked private key or a conventional bridge exploit. Instead, the attacker reportedly used a $1.12 million flash loan from Kamino.
🚨 Allbridge Core on Solana just got drained in a single transaction
No leaked key
No bridge exploit
The attacker didn't spend a dollar of their own money to do it
Here's what actually happened:
Step one: flash-borrow ~$1.12M USDC from @KaminoFinance
No collateral, no risk,…
— DBCrypto (@DBCrypt0) July 20, 2026 The attacker borrowed the USDC without collateral and then repeatedly traded USDC and USDT inside Allbridge Core’s stablecoin pool. This activity distorted the pool’s internal exchange-rate calculations and created an artificial imbalance.
The attacker then withdrew liquidity at the manipulated rate. After repaying the $1.12 million flash loan within the same transaction, the attacker kept the remaining difference as profit. The analyst said the entire attack followed a simple sequence: borrow, manipulate, withdraw, repay and keep the difference.
A single withdrawal was reportedly worth around $2.24 million.
He further described the incident as a classic flash-loan price-manipulation attack, a vulnerability pattern that has affected DeFi protocols since 2020. The analyst argued that the pool effectively trusted its own manipulable balances to determine pricing, allowing borrowed capital to distort the exchange rate.
Reports also suggested that the stolen funds were being routed through privacy-focused infrastructure, potentially making recovery more difficult.
Bigger Concern Is Bridge ConfidenceOverall, the exploit is unlikely to create major direct pressure on Solana’s price. Solana (SOL) traded at $76.66, gaining 1.06% over the past 24 hours, with daily trading volume reaching $1.43 billion.
However, the incident could damage confidence in liquidity connected to cross-chain bridges.
Now it will be interesting to see whether the attack triggers withdrawals from Solana-based bridges and causes a broader decline in bridge-related total value locked (TVL).
Story Ends Here
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Allbridge Core has paused its cross-chain stablecoin protocol after a security incident on Solana that PeckShield estimated at about $1.65 million.
Summary
Allbridge paused Core after a Solana exploit drained about $1.65 million, according to PeckShield estimates. The attacker used a $1.12 million USDC flash loan to quickly distort stablecoin pool rates. Allbridge urged liquidity providers to withdraw while investigators traced funds moved from Solana to Ethereum. The protocol told users with funds in affected liquidity pools to withdraw while its team investigates. PeckShield also said the attacker moved the stolen assets from Solana to Ethereum.
The incident appears to involve manipulation of Allbridge Core’s USDC/USDT liquidity pool. Onchain Lens said the attacker used a $1.12 million USDC flash loan from Kamino, changed the pool balance through rapid swaps and withdrew liquidity at distorted rates. The exact loss figure remains under review, with Onchain Lens describing more than $1.1 million extracted and PeckShield estimating the broader exploit at about $1.65 million.
Allbridge pauses Core and warns liquidity providers “Allbridge Core is experiencing a security incident,” the team said in its public notice. It added that the protocol had been paused as a precaution while the investigation continued. The project also issued a direct warning: “If you have liquidity in affected pools, please withdraw now.”
Allbridge Core is experiencing a security incident.
We have paused the protocol as a precaution while we investigate.
If you have liquidity in affected pools, please withdraw now.
The resulting pool imbalance created a temporary positive arbitrage window. If you took advantage… pic.twitter.com/Ovg7yT35SM
— Allbridge (@Allbridge_io) July 19, 2026 Allbridge said the attack left some pools temporarily out of balance. That imbalance created an arbitrage window that allowed some traders to profit from unusual pricing. The team asked anyone who benefited to consider returning funds to a recovery address. It said returned assets would go toward compensating affected liquidity providers. At the time of writing, the notice did not give a reopening date or publish a technical report.
In addition, according to Onchain Lens, the attacker borrowed $1.12 million in USDC through a flash loan from Kamino. The attacker then carried out rapid USDC and USDT swaps that changed the ratio inside the Allbridge stablecoin pool. After the pool price moved, the attacker withdrew liquidity using the distorted rate and repaid the flash loan within the same transaction.
Flash loans allow users to borrow and repay funds in one blockchain transaction without posting normal collateral. In this case, the loan itself was not described as the vulnerability. Instead, the borrowed liquidity allegedly gave the attacker enough capital to move the pool ratio and extract value before the transaction ended. PeckShield later said the stolen funds were bridged from Solana to Ethereum.
Allbridge faces another bridge security incident The latest Allbridge Core exploit follows an earlier attack against the project. As crypto.news previously reported, Allbridge suffered a separate exploit in April 2023 after an attacker manipulated the swap price of a BNB Chain pool. The loss was estimated at about $573,000, and the project later recovered roughly $465,000 after offering the attacker a white-hat reward.
The new incident also comes during another active period for cross-chain security breaches. In May,the Verus-Ethereum bridge lost more than $11.5 million in an attack linked by researchers to missing validation checks. A separate crypto.news report said Transit Finance lost about $1.88 million in another cross-chain protocol exploit. Allbridge has not said whether the Solana incident shares technical similarities with those attacks.
Cross-chain bridges keep getting robbed. The latest target is Allbridge, a protocol designed to move stablecoins between blockchain networks, where an attacker made off with approximately $1.65 million before routing the funds from Solana to Ethereum and converting them into ETH.
What happened According to on-chain data flagged by Arkham Intelligence, the attacker extracted the funds from Allbridge’s infrastructure and deliberately moved them across networks, bridging from Solana to Ethereum before swapping into ETH.
Allbridge is a cross-chain bridge protocol focused on stablecoin transfers, operating across EVM-compatible networks as well as non-EVM chains like Solana.
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This is not Allbridge’s first rodeo with attackers. In April 2023, the protocol suffered a flash-loan attack targeting its BNB Chain liquidity pools, which resulted in roughly $570K in losses. That incident involved price manipulation rather than a direct fund drain. Allbridge eventually recovered approximately $465K of those funds through a white-hat hacker arrangement.
Bridge exploits are having a moment A separate incident in April 2026 saw Kelp DAO’s LayerZero-powered bridge lose $292 million in a single exploit.
Allbridge integrated with Algorand in January 2026, broadening its cross-chain stablecoin capabilities.
What this means for investors and the broader market Allbridge’s 2023 response, recovering most of the stolen funds and engaging a white-hat hacker, set a reasonable precedent. Whether the team can replicate that outcome with a larger theft, spanning two separate blockchain ecosystems, is the critical variable to watch.
For traders specifically, the Solana-to-Ethereum fund movement is worth monitoring at the wallet level. Arkham and similar on-chain intelligence platforms will likely continue tracking the attacker’s address, and any movement toward centralized exchange deposit addresses could provide an early signal of whether a recovery or freeze is possible.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Solana (CRYPTO: SOL) co-founder Anatoly Yakovenko recently reflected on his decision to step up as a leader, noting that the absence of leadership could cause issues down the line.
Why Yakavenko Volunteered To Be The CEODuring a July 9 interview with podcaster Luba Yudasina, Yakavenko recalled the time he and Raj Gokal set up Solana Labs —the technology company that would eventually launch the Solana blockchain.
“I wanted to be the CEO,” Yakavenko said. “It was my idea. I kind of just wanted to drive it.”
The conversation drifted toward the need for decisive leadership, with Yakavenko warning that problems could arise without a “clear leader.”
“You need, I think at some level, somebody that is, you know, wears the crown, no matter how heavy it is,” he added.
Yakevenko’s Leadership LessonsYakavenko was then asked about the challenges he faced and the toughest decisions he had to make as a leader.
He said that right before Solana Labs’ launch, he had to fire “really good people” to “extend the runway.”
“So, that was kind of really gut-wrenching because they were really good, really good engineers,” Yakavenko said.
He added that he’s still friends with them and they are not “mad” at him.
The Man Behind Super Fast SolanaYakovenko is credited with creating the Solana blockchain and popularizing proof of history, a core consensus mechanism that significantly increases network transaction speeds.
As of today, Solana maintains its position as the fastest major blockchain, with an average of over 1,500 transactions processed per second in the last 30 days, according to Chainspect. The native cryptocurrency, SOL, has a market capitalization in excess of $43 billion.
On-chain analytics firm Arkham estimates Yakovenko’s net worth between $500 million and $1.2 billion, largely derived from his SOL holdings and his equity stake in Solana Labs.
Photo Courtesy: Elina Leon on Shutterstock.com
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Lamine Yamal just did something no footballer has ever done before. The Spanish winger has become the first teenager in history to play in both a European Championship final and a World Cup final.
Born in July 2007, Yamal helped Spain defeat England in the Euro 2024 final when he was just 16. Now, with Spain facing Argentina in the 2026 FIFA World Cup final, he’s set to add another line to an already absurd resume, all before his 19th birthday. And because this is 2026, the crypto world hasn’t waited for the final whistle to start minting tokens.
A career that defies the calendar His Euro 2024 campaign was the announcement. Playing for Spain at an age when most academy players are still dreaming about first-team minutes, Yamal was instrumental in guiding his country to the continental title.
No player, not Pele, not Mbappe, not anyone, has managed to appear in the finals of both major international tournaments before turning 20.
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Spain’s coach Luis de la Fuente has confirmed that Yamal is in “perfect physical condition” ahead of the final against Argentina.
The FC Barcelona winger will be somewhere between 18 and 19 during the match, depending on the exact date. Either way, the record books will need updating.
The inevitable tokenization Multiple unofficial tokens bearing the $YAMAL ticker have appeared on the Solana blockchain in recent weeks. None of these tokens carry any endorsement from Yamal himself, FC Barcelona, the Spanish Football Federation, or FIFA.
Each of these tokens currently sits with a market cap below $5K. For context, that’s roughly what you’d spend on a decent used car, not exactly the kind of liquidity that suggests institutional confidence.
The phenomenon does illustrate something real about the current state of crypto and sports. Fan tokens, when done properly with official partnerships and actual utility, represent a legitimate category. Chiliz and its Socios platform have built real businesses around this model, working with clubs like Barcelona, PSG, and Juventus to create tokens that offer voting rights and engagement perks.
The $YAMAL tokens on Solana are not that. They offer no governance, no access, no utility beyond speculation on vibes.
What this means for the fan token market Unofficial tokens like the $YAMAL variants exist in a regulatory gray zone. No consumer protection mechanisms are in place. No disclosures about who created them or who holds the supply.
For now, the smart move is straightforward: enjoy Yamal’s once-in-a-generation talent on the pitch and treat any token bearing his name with extreme skepticism unless it comes with official backing, transparent tokenomics, and a regulatory framework. Right now, the market caps suggest the answer is a resounding no.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
South Korea’s Financial Supervisory Service has formally kicked off sanctions proceedings against Dunamu, the company behind crypto exchange Upbit, following a November 2025 hack that drained roughly $30 million from a Solana-based hot wallet. The FSS sent an inspection opinion letter to Dunamu around July 18-19, marking the official start of what could become a landmark regulatory action in Asia’s most active crypto market.
What happened and what the investigation found The breach took place on November 27, 2025, when attackers compromised Upbit’s Solana hot wallet. The total damage came to approximately 44.5 billion won, roughly $30 to $37 million depending on exchange rates at the time. About 38.6 billion won of that was customer assets.
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The FSS spent seven months investigating the incident, finding security failures at the exchange level and problems with how quickly Upbit disclosed the breach to the public.
Upbit has committed to covering customer losses from its own funds. The exchange also managed to trace and freeze approximately 2.3 billion won, about $1.5 million, of the stolen assets.
South Korean authorities suspect the Lazarus Group, the North Korean state-linked hacking operation, was behind the attack.
A regulatory framework with gaps South Korea’s existing crypto regulations don’t include specific statutory penalties for security breaches at virtual asset exchanges. Any sanctions against Dunamu will need to pass through a sanctions committee and be reviewed by related financial authorities.
This is also the second time Upbit has suffered a major hot wallet breach in six years.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Solana‘s price is approaching a key technical threshold as trading activity highlights a mix of short-term caution and longer-term optimism. The cryptocurrency saw modest gains and continued strong trading volume, signaling ongoing interest among market participants even as it faces resistance on lower time frames.
Technical levels guide Solana’s outlookSolana (SOL) is currently priced at $75.97, showing a 1.49% increase in the last 24 hours. The asset recorded $1.88 billion in daily trading volume and reached a market capitalization of $44.26 billion, giving it a 2.01% share of the entire cryptocurrency market. SOL is a leading blockchain network that features fast transactions and an expanding ecosystem, making its price movements closely watched by investors.
Technical analysis is providing mixed signals as traders monitor both near-term and longer-term chart patterns. Market analyst Crypto Patel stated that Solana could rally up to $500 in the future if the price continues to hold above the 0.5 Fibonacci retracement level. According to Patel, this level is seen as a significant support zone within the broader market structure.
Mini dictionary: Fibonacci retracement, a popular technical analysis tool, uses horizontal lines to indicate areas of possible support or resistance based on the mathematical Fibonacci sequence. Traders use these levels to identify potential reversal points during market corrections.
Patel highlighted that staying above the 0.5 Fibonacci retracement level typically signals that the prevailing uptrend is still intact, even as the price undergoes corrections.
At the same time, the analyst acknowledged that the recent correction does not necessarily mean an end to Solana’s upward trend. Instead, maintaining support above the key level may provide a foundation for future gains if overall market conditions improve.
Short-term movements show downside riskDespite a constructive long-term view, short-term technical analysis signals bearish momentum on the hourly chart. Crypto Patel noted that an entry point was recently set between $76.45 and $76.70, with downside targets at $75.70, $74.30, and $73.60.
Solana’s price broke through the target area but did not manage to sustain those gains. The price is now trading lower and is testing short-term support, which may turn into resistance on any recovery. Current chart patterns show a series of lower highs, which often indicate ongoing selling pressure.
As long as Solana trades below $77.30, the analyst suggests the bearish structure remains valid. A decisive move above $77.35 would break this pattern and could signal that buyers have regained control.
The contrast between short-term charts and long-term signals underlines the importance of monitoring key support and resistance levels for Solana, as the next sessions could set the direction for the cryptocurrency.
Support and resistance levels under scrutinyMarket observers are watching for potential breakdowns of support levels, which could trigger further declines. Conversely, a strong push above resistance could restore confidence among traders and may lead to renewed momentum towards higher price targets.
LevelDirectionSignificance$77.30ResistanceAbove this, bearish pattern breaks$76.45 – $76.70Entry RangeZone for recent trade entries$75.70SupportFirst downside target$74.30SupportSecondary downside target$73.60SupportTertiary downside targetAs these scenarios play out, Solana’s performance remains a focal point within the broader digital asset market due to the platform’s rapid transaction capabilities and growing ecosystem.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Lionel Scaloni’s playful post-match interaction with Lamine Yamal after the 2026 FIFA World Cup final was the kind of moment that makes sports Twitter lose its collective mind. The Argentina head coach, captured on camera by FOX Sports, jokingly suggested he might need to “lock up” the Spanish forward after Yamal’s electric performances throughout the tournament.
From pitch to blockchain in record time Within hours of the Spain vs. Argentina final on July 19, a cluster of unauthorized tokens bearing variants of the $YAMAL ticker began appearing on the Solana blockchain. Market capitalizations for the various $YAMAL tokens have ranged between $1.8K and $8K. Liquidity across these tokens has been predictably thin, meaning even modest sell pressure can crater a token’s price instantly.
Here’s the thing worth stating plainly: none of these tokens have any affiliation with Yamal himself, the Spanish national team, FC Barcelona, or any other recognized entity. They are purely independent, speculative creations riding the coattails of a viral sports moment.
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The athlete-to-memecoin pipeline is now fully operational The pattern has become a reliable feature of the Solana ecosystem specifically, where the low cost of launching a token (fractions of a dollar) means that essentially anyone can mint one in minutes.
The playbook is straightforward. An athlete does something memorable. The clip goes viral. A token launches. Early buyers pile in hoping for a quick flip. Liquidity stays razor-thin. Most buyers end up holding a bag worth less than the transaction fee they paid to acquire it.
What this means for investors Let’s be direct: these tokens are not investments in any meaningful sense. With market caps measured in the low thousands of dollars, they exist in a category closer to digital collectible lottery tickets than financial instruments. The absence of any official backing means there’s no underlying value proposition beyond pure speculation on continued attention.
The low liquidity is the real danger here. You might be able to buy in, but selling at anything close to your purchase price requires finding another buyer willing to take the other side. With pools this shallow, even modest sell pressure can crater a token’s price instantly.
Meanwhile, Scaloni’s joke about locking up Yamal has taken on an unintended second meaning. Someone probably should lock up the token launchers instead.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Solana has attracted renewed attention among cryptocurrency traders as several analysts highlight a favorable technical setup and rising spot market activity.
Technical analysis signals a clear path to $125Crypto market analyst Gum released a chart analysis suggesting that Solana, the high-performance layer-1 blockchain, currently faces minimal technical resistance until it approaches the $125 level. Historical analysis shows that Solana previously moved from $75 to $140 with very little resistance in this range during its last bull cycle.
Gum pointed out that this price area also provided limited support during the subsequent decline, reinforcing the view that a major imbalance zone exists between $75 and $140. The analyst explained that, according to past price structures, Solana currently encounters few technical barriers before $125, which would represent a potential gain of about 64% from its current levels.
Both legs, upward and downward, showed minimal support or resistance between $75 and $140, leaving a wide price imbalance. There is no strong technical resistance until $125, representing a significant upside if current trends persist.
Gum also identified a secondary price band between $125 and $143, cautioning that price action could slow in this range as the market finds new direction. Beyond $140, several variables—including network growth, trading volumes, the expansion of tokenized real-world assets, and future proposals related to Solana’s token economics—could influence price behavior.
Solana, often ranked among the top 10 cryptocurrencies by market capitalization, is known for its fast transaction times and growing ecosystem focused on decentralized applications and asset tokenization.
Mini dictionary: Tokenized real-world assets (RWAs), digital tokens issued on a blockchain that represent physical or traditional financial assets such as stocks, real estate, or commodities. These tokens can make trading and settlement more efficient and transparent.
Spot demand for Solana shows signs of strengtheningTed Pillows, another analyst active in the digital asset space, reported that spot demand for SOL has begun to increase. His update focused on the relationship between spot flows and overall risk appetite in the crypto market, noting that easing geopolitical tensions between the United States and Iran may be improving investor sentiment.
Spot demand for Solana is rebounding, and market conditions could favor further gains if geopolitical risks diminish.
Spot market activity is closely watched by traders because it reflects direct buying interest rather than leveraged positions in derivatives. Rising spot volume frequently signals fresh capital entering the asset, which may influence price trends. Many investors compare spot flow data with perpetual futures and other derivatives to assess broader momentum.
While neither Gum nor Ted Pillows provided predictions about exact timing, both pointed to current technical and sentiment-driven factors shaping price direction. Their commentary gained traction on social media platforms, fueling further discussion within the crypto community.
Network growth and ecosystem developments remain under watchGum also referenced additional variables affecting Solana’s outlook, including network usage, new decentralized applications, and future governance proposals. Among recent topics, traders are monitoring potential changes that could lower Solana’s inflation rate or introduce a token burn mechanism based on network activity.
The analyst further noted that the growing market for tokenized real-world assets within Solana’s ecosystem is contributing to long-term adoption trends. Investors are also measuring the blockchain’s strength through user retention metrics and the rise of decentralized trading platforms.
As Solana trades near important price levels, market participants remain focused on both technical chart signals and on-chain data, watching for further confirmation or shifts in overall momentum.
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.
Cover image via depositphotos.com Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
After failing to sustain multiple attempts at recovery throughout July, Shiba Inu is still struggling under intense bearish pressure, with the asset trading close to $0.0000041. SHIB has been firmly in a long-term downtrend for the majority of 2026, as evidenced by the chart's distinct pattern of lower highs and lower lows.
The break from a rising channel that had sustained price action between March and May is among the most noteworthy developments. SHIB fell sharply after losing that structure's lower boundary, and it hasn't been able to recover any significant moving averages since. The 50-day EMA is still above $0.0000045, and the 100-day and 200-day averages are significantly higher, supporting the bearish market structure.
SHIB/USDT Chart by TradingViewThe range of recent trading activity has shrunk to near yearly lows. Although this might seem positive at first glance, the low volume of purchases indicates that market players are still reluctant to make large purchases. SHIB is in the vicinity of oversold territory with an RSI of about 35, but there isn't yet a clear reversal signal.
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Regaining the 50-day EMA and creating support above $0.0000045 are the first challenges facing bulls. Any bounce without that action is probably going to remain corrective. SHIB may return to the psychological $0.000004 area and possibly test lower support levels set earlier in the year if selling pressure persists.
Solana's position improvement Despite its recent decline, Solana offers a notably better technical picture than many major altcoins. Before going into a sound consolidation phase, SOL surged above $80 after making a significant comeback from June lows around $60. Solana is still above both its 50-day and 100-day moving averages, currently trading at about $76.
A small descending wedge pattern, which frequently acts as a continuation structure during larger recoveries, has been formed by the recent decline. Crucially, sellers have failed to drive the asset below crucial support in the $73–$74 range. Instead of panic selling, the RSI stays near 50, suggesting balanced market conditions. In the event that overall market sentiment improves, this neutrality allows for another bullish attempt.
SOL/USDT Chart by TradingViewThe 200-day moving average is currently located between $80 and $81, which continues to be the crucial resistance zone. Solana's prospects would be greatly enhanced by a successful breakout above that level, which might pave the way for a move into the $90–$95 range.
On the downside, the recovery narrative would be weakened and the likelihood of another move toward the low-$70 area would rise if support around $73 were lost. Despite continuous market volatility, Solana is still one of the few significant altcoins with a comparatively positive medium-term structure.
Hyperliquid's strength remainsDespite the recent decline from local highs near $75, Hyperliquid is still one of the market's strongest large-cap assets. Following a remarkable multi-month surge that propelled HYPE from below $30 to over $75, the asset is now in a consolidation phase as opposed to a full trend reversal. HYPE recently lost its 50-day and 100-day moving averages, which are now concentrated around the $64–$65 range, and is currently trading at about $61.
HYPE/USDT Chart by TradingViewBulls must reclaim this crucial resistance area in order to resume their upward momentum. But since the price is still comfortably above the rising 200-day EMA at $57 and the 200-day moving average at $49, the overall trend is still positive. Buyers were drawn to the recent decline toward the $58 area almost immediately, resulting in a notable bounce and averting a deeper breakdown.
This response implies that market players continue to see pullbacks as opportunities for purchases rather than as justifications for closing positions. During the correction, volume has decreased, which is generally better than witnessing increased selling volume. Much of the overheated conditions that accompanied the rally earlier in the summer have been eliminated as the RSI has cooled toward 42.
Regaining the $65 mark would probably lead bulls to try again for $70 and possibly the yearly highs. Support between $57 and $58 becomes the most crucial area to watch if sellers take back control. A move toward the 200-day trend line would be possible if that area were lost, which would probably hasten profit-taking.
XRP remains stuckAs the asset continues to trade around $1.09, XRP is still stuck in a tightening technical structure. A distinct descending resistance line on the chart is compressing price action against rising support, resulting in a triangle formation that is getting closer to its resolution point.
The overall trend is still in favor of bears, even though the setup points to a bigger move. The 50-day, 100-day, and 200-day moving averages, which are all stacked above $1.10 to $1.24, are still above XRP. Any attempt at a breakout will have to overcome this dense resistance cluster.
XRP/USDT Chart by TradingViewThe psychological $1.00 level of support has held several times in July, which is good news for bulls. Sellers kept pushing XRP lower, but they were unable to create a long-term breakdown below that level. The market's indecision is reflected in an RSI close to 46. The chart's narrowing triangle indicates that neither buyers nor sellers currently have a clear advantage.
The immediate bearish structure would be invalidated by a breakout above $1.12, which might also lead to a move toward the larger resistance zone around $1.24 and the 100-day EMA near $1.13. On the other hand, losing the rising support line would probably put XRP through another test of the $1.00 area, and a break below that level would seriously hurt the asset's chances of recovery.
Southern Fund’s double-leveraged long ETFs tracking SK Hynix and Samsung Electronics both rose 15% at opening.
Southern’s 2x Long SK Hynix (07709.HK) and Southern’s 2x Long Samsung Electronics (07747.HK) both opened 15% higher.
3 minutes ago
The South Korean government plans to establish a legal framework for the issuance of Korean won stablecoins, and promote the internationalization of the Korean won.
According to South Korean media reports, the Financial Services Commission, Bank of Korea, Financial Supervisory Service, and Korea Securities Depository have jointly announced relevant plans, aiming to transform the South Korean won from a restricted-convertible currency to a freely convertible one and improve the cross-border capital flow system. Under the framework of the Digital Asset Basic Act, the South Korean government intends to clarify the issuance and circulation rules for KRW-denominated stablecoins, providing an institutional basis for the entry of KRW-pegged stablecoins into the market. Furthermore, the Bank of Korea will advance a pilot project combining institutional central bank digital currencies (CBDCs) with tokenized government bonds, and participate in the Bank for International Settlements (BIS)-led Project Agora to explore a digital cross-border payment system.
3 minutes ago
A user spent $1.23 million betting on Argentina to win the 2026 World Cup, ultimately suffering a loss of more than $1.22 million.
According to Lookonchain’s monitoring, Polymarket user gud.hl bought 12.354 million "Argentina to win the 2026 FIFA World Cup" prediction shares at an average cost of roughly $0.10, investing approximately $1.23 million. Should Argentina lift the 2026 World Cup trophy, this position would generate a maximum profit of around $12.35 million. However, amid shifting market expectations, the current price of these shares has fallen to about $0.001 apiece, leaving the position worth only approximately $6,177, a cumulative loss of roughly $1.223 million, or a 99.5% drop.
3 minutes ago
Analysis: South Korean chip stocks have fallen beyond their fundamentals; US tech giants' earnings reports may serve as a catalyst for a rebound.
Global semiconductor stocks have plunged sharply recently, with securities analysts noting that the price declines have far exceeded levels reflected by fundamentals. Lee Jaeman, a researcher at Hana Securities, stated: "Even when factoring in market concerns about the cyclical volatility of semiconductors, the recent sharp plunge in stock prices appears excessive." The researcher pointed out: "We believe the catalyst for a rebound in semiconductor companies' stock prices will be the financial results to be released successively by U.S. hyperscale cloud service providers starting from late July." He added: "The combined capital expenditure growth rate of Alphabet, Microsoft, Meta, and Amazon is projected to rise from 80% in Q1 2026 to 83% in Q2 and 92% in Q3." He also said: "Given the growth in investment demand, semiconductor companies can sustain high operating profit margins." (Jinshi)
3 minutes ago
Ansem buys PUMP, bullish on it becoming a beneficiary of Solana's retail cycle.
Renowned crypto investor Ansem posted that he bought PUMP when its price rebounded to retest its previous support level, at an entry price of approximately $0.001675. His bullish thesis is primarily based on Pump.fun generating $30 million to $40 million in monthly revenue even during the bear market, and his view that Solana will again dominate retail on-chain activity in this cycle, with Pump.fun likely emerging as a key beneficiary. If Pump.fun launches an airdrop of over 300 million tokens, it could follow the incentive model of Jito and Jupiter in 2023, driving a rebound in on-chain trading volume, user attention, and activity. Additionally, Pump.fun is currently competing with high-profit crypto protocols including Hyperliquid and Polymarket. Ansem also noted that the Pump.fun team holds a large amount of PUMP tokens, which recently entered the unlock phase, and given the platform’s core business of driving retail participation in token speculation, the team has incentives to boost the token’s performance. If PUMP breaks below its previous low of approximately $0.0014, the above thesis will be invalidated.
3 minutes ago
Institutions: AI industry revenue has reached a critical tipping point, with hundreds of billions of dollars in AI investment starting to generate commercial returns.
According to a report from research firm Exponential View, the artificial intelligence (AI) industry has reached a critical revenue inflection point, marking initial validation of the business model where tech companies have poured hundreds of billions of dollars into building AI infrastructure in recent years. The report shows that AI-related revenue from global hyperscale and emerging cloud service providers has hit roughly $25 billion, marking the second consecutive quarter that this figure has exceeded the estimated depreciation costs of AI data centers and chips, which stand at around $21 billion. This milestone means revenue generated by the AI industry has started to offset cost pressures from infrastructure capital investment, as the AI economy transitions from an expansion phase relying solely on capital expenditure to a revenue validation stage. Exponential View notes that current AI revenue primarily stems from AI cloud services, GPU computing power rentals, large language model APIs, enterprise AI software, and generative AI applications. As corporate clients continue to increase their AI spending, AI commercialization is accelerating. However, the report also points out that the AI industry is still far from achieving high profitability. Due to high costs for GPUs, data centers, electricity, and model development, industry profit margins remain limited; current revenue is more about validating the sustainability of infrastructure investment rather than generating large-scale profits. The core competition in the AI industry will shift from "whether real demand exists" to "which companies can achieve large-scale profitability amid fierce competition". As model capabilities improve and costs decline, AI service prices may fall further, so enterprises need to boost profit margins through more efficient application scenarios and business models.
Shiba Inu remains under heavy selling pressure as the coin trades near $0.0000041, failing to stage a sustainable rebound through July. Since the start of 2026, SHIB has consistently posted lower highs and lower lows, signifying a prolonged downtrend for the popular meme coin.
SHIB struggles to regain momentumThe loss of a rising channel that had previously supported price action between March and May triggered a sharp decline for SHIB. After breaching the channel’s lower edge, the token has yet to reclaim major moving averages. The 50-day exponential moving average (EMA) stands above $0.0000045, while the 100-day and 200-day averages are positioned even higher, highlighting the persistent bearish structure.
Trading activity has contracted to its narrowest range in nearly a year. Despite the low volatility potentially suggesting market stabilization, the reduced trading volume indicates ongoing reluctance from buyers. The coin’s relative strength index (RSI) is currently around 35, signaling proximity to oversold conditions, yet a clear reversal remains absent.
Analysts note that the first step for bulls is to move SHIB above the 50-day EMA and establish support above $0.0000045. Without this development, any rebound is likely to be short-lived. If selling persists, SHIB may approach the $0.000004 mark or even test support levels established earlier this year.
Solana charts steady mid-term outlookSolana maintains a notably stronger technical structure than many of its large-cap peers, despite its recent correction. After rebounding from June lows around $60, SOL climbed above $80 before entering a new consolidation phase. The token is currently priced near $76, holding above its 50-day and 100-day moving averages.
Recent declines have produced a small descending wedge pattern, a technical shape that often precedes continued recovery in bullish environments. Sellers have not managed to breach critical support near the $73–$74 zone, and the RSI sits near 50, reflecting neutral market dynamics. Should sentiment improve across the broader market, this neutral momentum provides potential for another upward move.
The 200-day moving average at $80–$81 presents the next major resistance. A breakout above this area could create a path to the $90–$95 range. However, a loss of support around $73 would weaken Solana’s recovery and could trigger a move back toward the lower $70s.
CoinCurrent PriceMajor SupportMajor ResistanceKey Technical IndicatorSHIB$0.0000041$0.000004$0.0000045 (50-day EMA)RSI ~35SOL$76$73–$74$80–$81 (200-day MA)RSI ~50HYPE$61$57–$58$64–$65 (50/100-day MA)RSI ~42XRP$1.09$1.00$1.12–$1.24RSI ~46Hyperliquid holds firm amid consolidationHyperliquid remains one of the most resilient large-cap digital assets despite a recent drop from local highs close to $75. The project, known for its decentralized perpetuals exchange, soared from below $30 to over $75 earlier in the year before pausing in a consolidation pattern rather than initiating a major reversal.
After declining through the $64–$65 support, where both the 50-day and 100-day moving averages converge, HYPE now trades around $61. Bulls need to move the price back above this region to accelerate the recovery. The larger trend retains a positive bias, as HYPE remains well above the 200-day EMA at $57 and its 200-day moving average at $49.
A notable rebound occurred as the price neared the $58 area, signaling that buyers view dips as opportunities to accumulate rather than as triggers to exit. Trading volumes during the pullback have also eased, and the RSI has cooled to about 42, erasing much of the excess from the previous rally.
If momentum returns, a move above $65 could test $70 and challenge the yearly high. However, renewed selling that breaches the $57–$58 support area may cause a faster drop toward the key 200-day trend line.
Mini dictionary: Hyperliquid, a decentralized derivatives protocol, specializes in providing permissionless trading of perpetual contracts for cryptocurrencies while operating without order books on the Ethereum network.
XRP remains at a critical junctureXRP is trading near $1.09 and faces a tightening technical structure. A descending resistance line and rising support have formed a contracting triangle, bringing the asset ever closer to a decisive move. The dominant trend continues to favor the bears, with all major moving averages from the 50-day to the 200-day positioned above the current price between $1.10 and $1.24.
XRP’s $1.00 support has endured several tests throughout July, preventing a deeper decline even as sellers kept up the pressure. A breakout above $1.12 could target resistance toward $1.24, while a breakdown below the rising support line would re-expose $1.00 and deal a significant blow to recovery prospects.
The RSI sits close to 46, mirroring market indecision. With the triangle pattern narrowing, an imminent resolution seems likely; however, there is currently no clear dominance from bulls or bears.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Southern Fund’s double-leveraged long ETFs tracking SK Hynix and Samsung Electronics both rose 15% at opening.
Southern’s 2x Long SK Hynix (07709.HK) and Southern’s 2x Long Samsung Electronics (07747.HK) both opened 15% higher.
3 minutes ago
The South Korean government plans to establish a legal framework for the issuance of Korean won stablecoins, and promote the internationalization of the Korean won.
According to South Korean media reports, the Financial Services Commission, Bank of Korea, Financial Supervisory Service, and Korea Securities Depository have jointly announced relevant plans, aiming to transform the South Korean won from a restricted-convertible currency to a freely convertible one and improve the cross-border capital flow system. Under the framework of the Digital Asset Basic Act, the South Korean government intends to clarify the issuance and circulation rules for KRW-denominated stablecoins, providing an institutional basis for the entry of KRW-pegged stablecoins into the market. Furthermore, the Bank of Korea will advance a pilot project combining institutional central bank digital currencies (CBDCs) with tokenized government bonds, and participate in the Bank for International Settlements (BIS)-led Project Agora to explore a digital cross-border payment system.
3 minutes ago
A user spent $1.23 million betting on Argentina to win the 2026 World Cup, ultimately suffering a loss of more than $1.22 million.
According to Lookonchain’s monitoring, Polymarket user gud.hl bought 12.354 million "Argentina to win the 2026 FIFA World Cup" prediction shares at an average cost of roughly $0.10, investing approximately $1.23 million. Should Argentina lift the 2026 World Cup trophy, this position would generate a maximum profit of around $12.35 million. However, amid shifting market expectations, the current price of these shares has fallen to about $0.001 apiece, leaving the position worth only approximately $6,177, a cumulative loss of roughly $1.223 million, or a 99.5% drop.
3 minutes ago
Analysis: South Korean chip stocks have fallen beyond their fundamentals; US tech giants' earnings reports may serve as a catalyst for a rebound.
Global semiconductor stocks have plunged sharply recently, with securities analysts noting that the price declines have far exceeded levels reflected by fundamentals. Lee Jaeman, a researcher at Hana Securities, stated: "Even when factoring in market concerns about the cyclical volatility of semiconductors, the recent sharp plunge in stock prices appears excessive." The researcher pointed out: "We believe the catalyst for a rebound in semiconductor companies' stock prices will be the financial results to be released successively by U.S. hyperscale cloud service providers starting from late July." He added: "The combined capital expenditure growth rate of Alphabet, Microsoft, Meta, and Amazon is projected to rise from 80% in Q1 2026 to 83% in Q2 and 92% in Q3." He also said: "Given the growth in investment demand, semiconductor companies can sustain high operating profit margins." (Jinshi)
3 minutes ago
Institutions: AI industry revenue has reached a critical tipping point, with hundreds of billions of dollars in AI investment starting to generate commercial returns.
According to a report from research firm Exponential View, the artificial intelligence (AI) industry has reached a critical revenue inflection point, marking initial validation of the business model where tech companies have poured hundreds of billions of dollars into building AI infrastructure in recent years. The report shows that AI-related revenue from global hyperscale and emerging cloud service providers has hit roughly $25 billion, marking the second consecutive quarter that this figure has exceeded the estimated depreciation costs of AI data centers and chips, which stand at around $21 billion. This milestone means revenue generated by the AI industry has started to offset cost pressures from infrastructure capital investment, as the AI economy transitions from an expansion phase relying solely on capital expenditure to a revenue validation stage. Exponential View notes that current AI revenue primarily stems from AI cloud services, GPU computing power rentals, large language model APIs, enterprise AI software, and generative AI applications. As corporate clients continue to increase their AI spending, AI commercialization is accelerating. However, the report also points out that the AI industry is still far from achieving high profitability. Due to high costs for GPUs, data centers, electricity, and model development, industry profit margins remain limited; current revenue is more about validating the sustainability of infrastructure investment rather than generating large-scale profits. The core competition in the AI industry will shift from "whether real demand exists" to "which companies can achieve large-scale profitability amid fierce competition". As model capabilities improve and costs decline, AI service prices may fall further, so enterprises need to boost profit margins through more efficient application scenarios and business models.
3 minutes ago
Allbridge Core was hacked, leading to the theft of over $1.1 million worth of USDC on the Solana blockchain.
According to monitoring by OnchainLens, cross-chain protocol Allbridge Core was attacked on the Solana blockchain. The attacker stole over $1.1 million by manipulating the exchange rate of its stablecoin pool. The attacker first took out a $1.12 million USDC flash loan from Kamino, then altered the liquidity ratio of Allbridge’s stablecoin pool via rapid USDC/USDT swaps, exploited the manipulated exchange rate to withdraw liquidity, and repaid the flash loan in the same transaction. Currently, the attacker has transferred approximately $1.1 million and mixed the funds using a privacy protocol. The maximum single withdrawal limit for Allbridge Core is around $2.24 million USDC, and analysis of the vulnerability is still ongoing.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Cardano activated its Van Rossem hard fork on July 18, upgrading the network to Protocol Version 11 with faster, cheaper smart contracts and stronger node security.
The transition was smooth, but the real question is whether ADA can turn the milestone into lasting price gains.
van Rossem hard fork update 🍴
The van Rossem hard fork has been successfully enacted on Cardano Mainnet! 🎉
We would like to take a moment to recognise the work of the Hard Forking Working Group to get us to this moment. Coordinating ecosystem partners, SPOs, DApps,… pic.twitter.com/SSleGfA5zE
— Intersect (@IntersectMBO) July 18, 2026 What the Van Rossem Hard Fork Brings to CardanoA hard fork is a permanent protocol change that updates a blockchain’s core rules for everyone at once. Van Rossem, named after contributor Max van Rossem, went live around 21:45 UTC.
The upgrade caused only a brief ten-minute block gap, with no disruption to users or holdings. It marks the first major upgrade fully approved through Cardano’s Voltaire governance system.
The improvements target smart contracts directly: faster Plutus execution, new built-in functions, updated cost models, and stronger node security.
Those changes aim to make decentralized application development cheaper. Lower costs and stronger scripting could accelerate DeFi, NFT, and real-world asset activity.
Unlike previous era-changing forks, Van Rossem is an intra-era upgrade. It keeps the network inside the Conway governance framework while delivering immediate efficiency gains for developers.
Intersect, coordinating Cardano’s development, framed the event as proof of maturing decentralized governance.
More than 77% of delegated representatives (DReps) and 52% of stake pool operators backed it.
“The best part: it was ratified on-chain by delegated community reps before activation. Upgrades by governance, not decree,” Cardano DRep Jason Appleton said on X.
Follow us on X to get the latest news as it happens.
Over 77% of DReps Approved the Van Rossem Hard Fork. Source: CGOVThe upgrade also arrives alongside a broader shift. Input Output will hand over core infrastructure, including the Plutus platform and Daedalus wallet, to external firms from August.
Can Van Rossem Deliver a Sustained ADA RallyAs expected with major upgrades, ADA saw short-term momentum. The token trades near $0.1663, up roughly 1.2% in 24 hours, according to BeInCrypto data. Still, the critical question remains whether Van Rossem can deliver a sustained rally. History urges caution.
Cardano hard forks have often generated initial excitement followed by consolidation, unless paired with real ecosystem growth. The lasting impact depends on several factors.
Cardano (ADA) Price Performance. Source: BeInCryptoRising developer activity, new dApp deployments, and growing total value locked in DeFi all matter. So does integration with upcoming upgrades like Ouroboros Leios, built for higher throughput.
Whale behavior adds another layer. Wallets holding 100,000 to 100 million ADA have accumulated over 25.6 billion tokens, their highest level since February 2023.
Analysts stay cautiously optimistic. The upgrade improves fundamentals, but price gains will ultimately depend on user adoption and capital inflow rather than the technical milestone alone.
Van Rossem represents another step in Cardano’s research-driven roadmap.
Whether ADA competes harder against Solana and newer Layer-1s now hinges on real on-chain growth in daily addresses, volume, and developer activity ahead.
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Belgium has officially earned the title of the most physically demanding team at the 2026 FIFA World Cup, covering more total distance than any other squad through the knockout stages.
Belgium’s numbers are genuinely absurd Youri Tielemans leads the individual distance charts with 61.8 kilometers covered through the tournament’s quarterfinal stage.
Timothy Castagne posted perhaps the most jaw-dropping single stat of the tournament: 16.29 kilometers in a single match. The average professional footballer covers around 10-11 km per game, which makes Castagne’s output look like he was playing a different sport entirely.
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Spain’s Rodri has actually logged a higher total distance of 71.17 km according to alternative tracking metrics, though Belgium’s collective effort across the full squad is what sets them apart.
Where crypto enters the picture The 2026 World Cup marks the deepest integration of cryptocurrency sponsorship in FIFA history. Kraken holds the title of Official Crypto Exchange Supporter for the tournament across both North America and Europe.
W26, a World Cup-themed memecoin built on Solana, has seen active trading throughout the tournament. The token essentially lets fans speculate on World Cup hype as a tradeable asset.
The fan engagement thesis The 2026 World Cup suggests the market has found a different entry point from structured fan tokens. Rather than structured fan tokens with governance rights, the engagement is flowing through memecoins and exchange-level sponsorships.
The risk, as always with event-driven tokens, is that the music stops when the final whistle blows. Traders piling into W26 or similar tokens should understand they’re trading momentum, not fundamentals.
Kraken’s FIFA partnership and the organic emergence of World Cup memecoins represent two very different expressions of the same underlying trend: digital assets are becoming embedded in how fans experience live events.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Solana (SOL) is trading near $75.44 after a modest 24-hour recovery, as buyers focus on defending a critical support level following a recent pullback. The asset’s market capitalization stands at approximately $43.95 billion, with daily trading volume close to $880 million, as reported by Brave New Coin data.
Key support at $74.50 under scrutinyOver the past day, SOL rebounded from a session low of $74.54, returning to the higher end of its intraday range. Market participants remain attentive to the $74.50 area, which has become a pivotal line for the current recovery structure. Analyst Trader Symba identified this level as essential support, warning that a break below could see Solana retrace gains from its move starting near $64.
Holding above $74.50 is viewed as crucial for maintaining bullish momentum. If buyers sustain this area, Solana may aim for higher resistance levels. However, a decisive breach below could result in renewed selling pressure and a further test of lower supports.
Defending the $74.50 zone is critical for Solana’s short-term outlook and recovery potential. Losing this support could quickly shift sentiment and trigger deeper retracements.
Support/ResistancePrice LevelKey Support$74.50Immediate Resistance$76.05 / $76.82 / $78.64Next Major Target$80.83Higher Target$84.18Wedge pattern signals breakout potentialTechnical chartist Anglio shared that SOL is currently consolidating within a descending pattern, with price action indicating a potential move higher from its recent support. If Solana breaks above resistance at $76.05, $76.82, and $78.64, analysts expect an advance towards $80.83 and $84.18 as the next hurdles.
The immediate goal for buyers is to reclaim the $76–$78 region. Achieving this would likely pave the way towards the $80 barrier, which remains an important short-term target among traders.
Macro view: Deeper correction or cycle breakout?From a broader perspective, analyst CryptoAmsterdam outlined a scenario where SOL might undergo a larger correction before a sustained uptrend. The macro chart suggests a possible final retest in the $30 to $20 accumulation zone if there is a further market downturn. This area represents a potential opportunity for long-term participants should significant weakness return.
On the upside, reclaiming higher trading ranges after such a retracement could set the stage for a major upside expansion, with chart projections pointing towards the $400 level by 2027 or 2028.
Mini dictionary: CryptoAmsterdam is a pseudonymous cryptocurrency market analyst known for sharing long-term technical insights and macro-structural charts on major digital assets.
Long-term outlook: $100 breakout and beyondAnalyst James Easton presented a long-term bullish thesis, noting that SOL is consolidating within a broad range, with $100 marking the first key breakout level. While short-term movements will remain important, breaking through $100 would open the door to a potential multi-phase rally, with $1,000 seen as an eventual long-term target if positive momentum persists over the coming cycle.
If SOL pushes above $100 and sustains momentum, a broader cycle expansion could eventually bring four-digit price levels into focus.
For now, immediate attention is set on whether Solana will defend the $74.50 support and reclaim resistance in the $76–$78 area. A move past $80.83 and $84.18 would set the stage for renewed discussions around the $90–$100 price band.
Failure to hold $74.50 may expose SOL to a deeper decline towards the $70 area, and potentially even the $64 level, as flagged in previous technical analyses.
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.
Key TakeawaysNetwork Evolution and Technical AdvancementsCompetitive Pressures and Economic Model Questions ETH currently sits around the $1,870 price level US-based spot Ethereum ETFs have launched, providing institutional and retail access Recent network enhancements have doubled capacity while slashing mainnet transaction costs to under $0.02 Rival platforms like Solana present formidable competition with superior speed and affordability Scaling solutions on layer-2 networks may not directly translate to ETH price appreciation Within the cryptocurrency landscape, Ethereum maintains its position as the second-largest digital asset following Bitcoin. While Bitcoin serves primarily as a store of value and digital gold, Ethereum functions as the foundational layer powering decentralized applications, DeFi protocols, stablecoin infrastructure, and tokenized real-world assets.
Ethereum (ETH) Price This expansive functionality positions ETH as an attractive long-term holding, though it doesn’t automatically ensure upward price momentum.
The current market price for ETH stands near $1,870.
Network Evolution and Technical Advancements Research published in 2026 revealed that Ethereum’s latest protocol improvements successfully doubled the network’s transaction processing capacity throughout both its base layer and layer-2 infrastructure. The median cost for mainnet transactions plummeted from above $2 to less than $0.02. Meanwhile, layer-2 transaction fees experienced reductions exceeding 95%.
The implementation of specialized data structures known as “blobs” drove these improvements, dramatically reducing operational costs for Ethereum-compatible rollup solutions including Arbitrum, Base, and Optimism.
July 2024 marked a milestone when spot Ethereum ETFs commenced trading across US markets. This development positioned ETH alongside Bitcoin as accessible investment vehicles through traditional brokerage platforms and tax-advantaged retirement accounts.
Additionally, Ethereum operates on a proof-of-stake consensus mechanism, enabling token holders to generate passive income through network validation. This characteristic gives ETH yield-generating properties that Bitcoin lacks.
Competitive Pressures and Economic Model Questions The most significant headwind facing Ethereum stems from intensifying blockchain competition. Solana delivers superior transaction speeds and minimal fees within a unified ecosystem, eliminating the complexity of bridging across multiple layer-2 solutions.
Data from 21Shares indicates that Solana accumulated roughly $2.85 billion in total revenue during the twelve-month period from October 2024 through September 2025.
A fundamental concern revolves around economic value accrual. While reduced fees on layer-2 platforms enhance user experience, they simultaneously diminish revenue flowing to Ethereum’s base layer. This creates a scenario where Ethereum could underpin substantial economic activity without corresponding ETH price appreciation.
Industry analysts have additionally identified concerning levels of consolidation among Ethereum block producers, sparking debates about potential centralization vulnerabilities within critical network components.
Historical price action demonstrates that ETH exhibits significant volatility and has periodically lagged Bitcoin’s performance throughout various market phases.
Key Takeaways Ethereum maintains its position as the dominant platform with strong institutional backing and a mature decentralized application network Solana offers superior transaction speed and cost efficiency, with fees averaging just $0.00025 per transaction Both blockchains now have spot ETF products available in the United States, leveling the institutional playing field Stablecoin volume on Solana has surged past $11 billion, with monthly transaction counts exceeding 200 million While both represent high-risk investments, Ethereum is generally viewed as the more conservative choice for long-term portfolios While Ethereum and Solana both function as smart-contract platforms, their technological approaches and investor appeal differ significantly.
Ethereum (ETH) Price Ethereum represents the veteran in this comparison. The network supports an extensive collection of decentralized applications, stablecoins, and tokenized real-world assets. Its scaling philosophy centers on layer-2 solutions that process transactions off the main blockchain while leveraging Ethereum’s base layer for final settlement and security guarantees.
Throughout 2024, regulatory approval of spot Ethereum exchange-traded products in the United States created new pathways for mainstream adoption. Investors can now access ETH exposure through conventional brokerage platforms and tax-advantaged retirement accounts.
Future development plans for Ethereum include technical enhancements such as PeerDAS and increased blob capacity, both designed to accommodate higher volumes of layer-2 transaction processing.
A critical challenge facing Ethereum investors involves the economics of value accrual. With growing transaction volumes migrating to layer-2 solutions, the base layer captures diminishing fee revenue.
User experience complexity presents another hurdle. Participants frequently navigate between different networks, utilize cross-chain bridges, and handle multiple token variants across various layers.
Why Solana Emphasizes Performance Solana operates as a monolithic blockchain without depending on secondary scaling layers. This architectural choice streamlines the overall user experience.
Solana (SOL) Price Transaction costs on the network remain remarkably minimal. Standard operations cost approximately $0.00025. This pricing structure positions Solana favorably for applications requiring high-frequency, low-cost interactions — including decentralized exchanges, blockchain gaming, payment systems, and NFT marketplaces.
The Solana network has witnessed explosive growth in stablecoin adoption. According to the Solana Foundation, stablecoin circulation on the platform has exceeded $11 billion, with monthly transaction volumes surpassing 200 million.
Access points for institutional capital have expanded considerably. Investment products from firms like 21Shares, Grayscale, and Bitwise now provide American investors with regulated SOL exposure, including vehicles that incorporate staking rewards.
This development has significantly reduced Ethereum’s historical edge in attracting institutional investment flows.
Understanding the Risk Profile Solana faces heightened implementation challenges. The ecosystem has demonstrated considerable dependence on speculative trading dynamics, particularly within the memecoin sector. Network activity may contract substantially during bearish market conditions.
Ethereum confronts a distinct set of challenges. While the layer-2 approach enhances transaction throughput, it simultaneously fragments liquidity and complicates the user journey. Long-term questions remain about the proportion of economic value that ultimately accrues to ETH token holders.
Investment Implications Risk-averse cryptocurrency investors may find Ethereum represents a more suitable foundation for portfolio allocation. The platform benefits from operational longevity, established infrastructure networks, and mature relationships with institutional participants.
Solana presents potentially higher appreciation potential, accompanied by increased price volatility and ecosystem uncertainty.
Many sophisticated investors adopt a dual-allocation strategy — capturing Ethereum’s network effects while participating in Solana’s rapid ecosystem expansion. Regardless of approach, both assets remain fundamentally speculative with substantial downside risk potential.
Key TakeawaysSolana: Performance, Scalability, and Corporate PartnershipsChainlink: Critical Data InfrastructureOndo Finance: Bridging Traditional Assets and BlockchainEvaluating the Top Choice Solana stands as a leading Ethereum alternative with partnerships from Visa, PayPal, and Worldpay Chainlink delivers critical oracle services that connect blockchain networks to real-world data feeds Ondo Finance’s tokenized asset platform exceeded $500 million across more than 200 different assets Each token offers substantial utility but comes with significant volatility exposure An optimal portfolio strategy would allocate the most to Solana, with smaller allocations to Chainlink and Ondo As cryptocurrency investors prepare for the next major market rally, attention is shifting toward projects demonstrating tangible utility and measurable adoption. Three altcoins standing out in this landscape are Solana, Chainlink, and Ondo Finance, according to market analysts.
Solana: Performance, Scalability, and Corporate Partnerships Solana has established itself as a formidable Ethereum rival. The platform’s architecture enables rapid processing of high transaction volumes at minimal cost, supporting use cases including decentralized exchanges, payment systems, stablecoin transfers, and blockchain gaming.
Solana (SOL) Price Solana’s primary strength lies in its unified architecture. Applications operate within a single ecosystem, avoiding the complexity Ethereum users face when navigating between the mainnet and various layer-2 scaling solutions.
This streamlined experience has captured the interest of prominent payment processors and financial institutions. According to Solana’s official website, partners include Visa, PayPal, Circle, Western Union, and Worldpay.
The SOL token serves multiple network functions: paying for transactions, staking for network security, and governance participation. Increased on-chain activity could potentially drive greater demand for the token.
However, significant risks remain. Historically, much of Solana’s transaction volume stemmed from memecoins and high-risk speculation, which typically evaporates during market downturns. The network has experienced outages previously, although stability has noticeably improved in recent periods.
Chainlink: Critical Data Infrastructure Chainlink functions as essential infrastructure within the decentralized finance ecosystem. Smart contracts require external information such as asset prices, benchmark rates, and proof-of-reserves verification—services that Chainlink’s oracle infrastructure delivers.
Chainlink (LINK) Price Chainlink is now expanding into traditional finance sectors. Its Cross-Chain Interoperability Protocol (CCIP) aims to enable financial institutions to move data and tokenized assets seamlessly across disparate blockchain platforms.
This strategic pivot positions Chainlink as foundational technology for the emerging tokenization movement beyond just DeFi applications. As financial instruments potentially migrate across multiple blockchain networks and private ledgers, reliable data connectivity could become indispensable.
The critical uncertainty involves whether Chainlink’s expanding network usage translates directly into increased LINK token demand. This relationship isn’t automatically guaranteed.
Major financial players might develop proprietary infrastructure solutions, while competing oracle providers are actively pursuing the same market opportunities.
Ondo Finance: Bridging Traditional Assets and Blockchain Ondo Finance specializes in blockchain-based representations of conventional assets, including US Treasury securities, equities, and exchange-traded funds.
Ondo Price In January 2026, Ondo announced its tokenized stock platform reached over $500 million in aggregate value spanning more than 200 different assets, with cumulative trading volume surpassing $7 billion since the platform’s September 2025 debut.
The company also established a partnership with Broadridge to introduce a compliant US-based solution for tokenized third-party securities. Qualified token holders now gain access to shareholder voting privileges, effectively linking blockchain technology to traditional regulated financial markets.
Should asset tokenization achieve widespread adoption in mainstream finance, Ondo could capture significant market share. However, the ONDO token doesn’t represent company equity. Token holders don’t directly benefit from the platform’s revenue or profits.
Additional concerns include scheduled token unlock events, evolving regulatory frameworks, and potential competition from established banks and asset management firms. Market observers suggest ONDO functions better as a smaller speculative allocation rather than a portfolio cornerstone.
Evaluating the Top Choice Solana presents the most comprehensive package of network activity and institutional adoption. Chainlink offers diversified infrastructure exposure spanning multiple blockchain ecosystems. Ondo represents the highest-risk proposition but potentially the greatest reward if asset tokenization accelerates.
All three assets exhibit substantial price volatility. Even robust fundamental strengths provide limited protection during widespread crypto market corrections.
Solana is maintaining its position at the lower end of its ascending price structure, with a potential recovery targeting the $83 to $90 range. Analysts note that a clear breakout above this zone could open the path toward $106, while a drop below $72 may signal a weakening trend for the cryptocurrency.
Solana Defends Key Demand ZoneAfter rebounding from sharp selling pressure in June, Solana (SOL) has reclaimed the five-month range that has defined its price movements since February. The critical demand zone between $72 and $75 remains in focus, as holding this area could establish a higher low and facilitate another move toward $83 to $85, followed by the range high around $106.
The broader trading range for SOL extends from $67.50 to $106. Although the token briefly dipped below this lower limit during the June sell-off, buyers managed a swift recovery, preventing a sustained breakdown. Most trading activity has been concentrated between $78 and $92, with the highest volume transacted near $85. Market observers highlight that a daily close above the June peaks near $83 could reintroduce price action to this high-volume area, supporting the case for a return toward the $106 resistance.
Solana’s ability to maintain support above $72–$75 is crucial, as this could confirm formation of a higher low and set the stage for renewed upward movement toward $83 and beyond.
In the short term, bulls are focused on defending $72 to $75 and regaining the $76 to $78 level. This would suggest that the recent pullback is corrective and not the beginning of a new downtrend. Conversely, failing to hold these levels may strengthen bearish sentiment and risk further declines.
Channel Structure and Resistance ZonesSolana is currently retesting the base of a broader ascending channel after a controlled retreat from the $83 price region. Maintaining this support could help preserve the bullish structure and potentially power a move toward $90.
Recent weakness for SOL has unfolded within a smaller, descending channel, indicating that the retracement could be corrective. A breakout above this local channel, particularly if SOL reclaims the $77 to $78 area, would be a sign that buyers are regaining momentum. A successful move could lift SOL toward the $82 to $84 resistance, where the last significant rally paused, and then potentially toward the upper channel boundary near $88 to $90.
A decisive close above $83 to $85 would reinforce the bullish trend, but price action may remain volatile until Solana can sustain levels above $106, potentially signaling a trajectory toward $150 later in the cycle.
However, the bullish case remains contingent on defending the $74 to $75 zone. A firm break below the channel may leave SOL exposed to the $72 level, with more substantial support found between $68 and $70. Should Solana lose support below $71 and revisit June lows near $62, it could invalidate the recovery structure and shift momentum further in favor of sellers.
Mini dictionary: Ascending channel, a chart pattern characterized by higher highs and higher lows, indicating that an asset is trading within parallel upward-sloping lines. This pattern suggests a prevailing bullish trend as long as price stays within the channel.
LevelSupport / ResistanceSignificance$67.50SupportLower boundary of trading range$72–$75Key supportPotential higher low$76–$78Near-term resistanceSignals return of buyers$83–$85Major resistanceFormer rally high$88–$90Channel resistanceUpper boundary target$106Range highCycle resistance$62SupportJune low, recovery invalidated if lostDisclaimer: 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.
SK Group Chairman: Demand for storage chips is projected to grow by at least 50% to 60% next year, with the supply-demand gap likely to further widen.
According to South Korea’s Maeil Business Newspaper, SK Group Chairman and Korea Chamber of Commerce and Industry Chairman Choi Tae-won stated that driven by the expansion of artificial intelligence (AI), demand for AI semiconductors is projected to rise by at least 60% to 100% next year compared to this year, while overall memory chip demand will also grow by at least 50% to 60%. Choi noted that the additional supply each company can increase next year is very limited, so the supply-demand gap may widen further, with global firms currently scrambling for memory chip supplies. He added that existing expansion plans are still insufficient to meet the rapidly growing demand; SK’s current strategy is “build wherever possible”, but equipment, personnel and construction timelines continue to restrict capacity release. Choi also pointed out that current memory chip prices have deviated from normal ranges, and PC and smartphone manufacturers cannot keep passing cost increases to consumers. Semiconductor enterprises should not limit supply to maintain high prices; even if their profit margins decline, they should expand output and grow the market. Otherwise, excessive prices may attract new competitors and trigger government interventions. He further stated that the AI industry is facing shortages of infrastructure such as GPUs, storage and power, and new bottlenecks may emerge in the future. Regarding the possibility of a stock split for SK Hynix, Choi said the plan has not been fully studied, and adjustments for Korean domestic stocks and American depositary receipts (ADRs) need to be evaluated together.
8 minutes ago
AI hot stocks like NVIDIA have seen increased volatility, with their relative volatility standing at 4 times that of the S&P 500 index.
The Kobeissi Letter stated in a post that the three-week volatility of U.S. momentum stocks relative to the S&P 500 index has surged to four times, hitting an all-time high. This ratio has more than quadrupled over the past several weeks. The momentum stock group includes high-growth tech stocks at the center of the AI boom, such as NVIDIA, AMD, Palantir, D-Wave Quantum, and CoreWeave. By comparison, the ratio peaked at around 2 times during the 2020 COVID-19 market crash and roughly 1.8 times during the dot-com bubble burst. The current level is significantly higher than those periods. Meanwhile, the U.S. momentum stock index has dropped 24% since July, marking its largest monthly decline since the 2008 financial crisis. The stocks that previously performed the strongest are quickly losing market favor.
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Changxin Technology's IPO winning numbers have been released, totaling 7,702,207.
According to an announcement by Changxin Technology, the company’s initial public offering (IPO) and listing on the STAR Market has released its offline preliminary placement results and online lottery results. The offering price is RMB 8.66 per share, with an initial share offering size of approximately 6.688 billion shares. A total of 7,702,207 winning lottery numbers have been issued, and each winning number entitles holders to subscribe for 500 Changxin Technology A-shares.
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Renowned trader closes all crypto short positions, resumes buying Bitcoin spot
Renowned crypto trader Doctor Profit announced in a post that he has closed all his cryptocurrency short positions, including Bitcoin shorts established in the $115,000–$125,000 range, another Bitcoin short in the $79,000–$82,000 range, and over 100 altcoin shorts opened in recent months, noting that all these positions have generated significant profits. He also said he has repurchased Bitcoin spot at $64,000, marking his first long-term allocation since September 2025. His plan is to invest 5% of his planned capital daily in spot Bitcoin purchases when the price is in the $54,000–$64,000 range, for up to 20 days total; if the price approaches $54,000, he will increase his buying activity. Doctor Profit pointed out that the current market is showing clear "herd behavior": investors who were previously bullish on Bitcoin up to $150,000 at high levels are now widely waiting for the cryptocurrency to drop to $40,000–$50,000, and are targeting September or October as the bottom of the four-year cycle. When a large number of investors are waiting for the same price level and time point, the market may not move as expected, so he chose to build positions in advance and judges that this cycle’s bottom may arrive earlier than the market’s general expectation. He also cited regulatory clarity, asset tokenization infrastructure, and progress in institutional adoption as the structural reasons for his shift to buying, and retracted his previous prediction that Bitcoin would fall to $40,000–$50,000. However, he still holds all his S&P 500 short positions, arguing that the crypto market has completed a large repricing, while U.S. stock valuations remain elevated.
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Zcash launches Zakura full node, aiming to boost its privacy transaction throughput to 50,000 per second.
Zcash has launched its new full-node client Zakura 1.0.0, the first implementation component aimed at scaling its private transaction throughput from the current ~1 transaction per second (TPS) to payment-network-level capacity. Maintained by Sean Bowe, an early Zcash zero-knowledge cryptography contributor, and Dev Ojha, head of Valar Group, the client operates independently of the Zcash Foundation and is funded via private ZEC donations. Built on the Zcash Foundation’s Zebra client, the team provides an ~11GB blockchain snapshot, allowing new nodes to sync up in two minutes—an approximately 680x speed improvement. Its compatibility mode also replicates the legacy zcashd interface, enabling wallets and exchanges to continue operating after the original client’s maintenance ends on July 18. The team notes that Visa and Mastercard process over 50,000 transactions per second, a benchmark it has set as its minimum target. To reduce the verification burden of large-scale private transactions, Bowe’s Tachyon project is developing recursive proofs, which let nodes validate thousands of proofs with a single proof. Valar Group is building private information retrieval (PIR) technology, allowing wallets to access relevant transaction data without exposing their query content. Zakura is also testing a fast block propagation system that delivers new blocks to all nodes in half a second. Its upcoming testnet is the Ironwood upgrade, set to activate on the mainnet on July 28. Ironwood will use a "rotating door" mechanism to restrict inflows and outflows of the Orchard privacy pool, mitigating risks of fake ZEC entering circulation due to prior zero-knowledge proof vulnerabilities.
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Moonshot (Kimi)’s technological breakthrough triggers sell-offs in AI stocks, with leveraged products amplifying market volatility.
According to Bloomberg, Chinese AI startup Moonshot has achieved an unexpected technological breakthrough, triggering sharp declines in global AI and semiconductor stocks on Friday and prompting markets to once again reference the 2025 "DeepSeek Moment". The semiconductor benchmark index has fallen roughly 20% from its June peak, entering a bear market; the triple-leveraged semiconductor ETF SOXL has dropped more than 50% over the same period. This sell-off demonstrates that when rapid advances in AI technology reshape market perceptions of winners and losers, leveraged ETFs, options, single-stock funds, and crypto-related products may be liquidated simultaneously. Bloomberg Intelligence data shows leveraged ETFs make up around 13% of U.S. ETF trading volume but only 1.2% of industry assets. When accounting for embedded leverage, their share of the U.S. stock market remains less than 1%. While these products are generally small in overall size, their holdings are concentrated in AI chips, volatile stocks, and newly listed firms. When leverage, concentration, and volatility rise at the same time, the funds' daily rebalancing turns them into active trading forces that further amplify existing market trends. The South Korean market offers a clear recent case: local retail investors have heavily purchased leveraged products tied to Samsung Electronics and SK Hynix, and as market sentiment turned weak, the related funds were forced to sell an estimated tens of billions of dollars worth of SK Hynix positions.
Kylian Mbappé had one of those first halves you’d rather forget. Zero goals, zero assists, and a single shot on target against England in the 2026 FIFA World Cup. By football standards, it was a quiet 45 minutes. By crypto standards, it was apparently enough to move markets.
The tokens that show up whether he does or not Unauthorized Solana-based meme tokens carrying Mbappé’s name, including $MBAPPE and $MBAPEPE, have developed a pattern of spiking in trading volume around his World Cup appearances. Neither token has any official connection to Mbappé or his representatives. No endorsement exists. No partnership was announced. The tokens exist purely because his name does.
The dynamic isn’t new for Mbappé specifically. In August 2024, a prior $MBAPPE token on Solana briefly hit a market cap of $464 million after hackers compromised his X account and posted about it. The token then collapsed.
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The July 2026 match window produced no new official blockchain announcements from Mbappé’s camp. What it did produce was the familiar pattern: a high-profile match, a recognizable name, and traders willing to speculate on both.
His actual crypto footprint is more serious than the meme coins suggest Since June 2022, Mbappé has served as both ambassador and equity investor in Sorare, an Ethereum-based NFT fantasy football platform where users collect and trade digital player cards. Rare Mbappé cards on the platform have sold for as much as $66,850, which puts them in the same conversation as high-end physical trading cards rather than speculative tokens.
The equity stake is the more interesting part. Mbappé isn’t just lending his face to the platform for a check. He has skin in the game, which gives Sorare a different credibility than the typical athlete-brand-deal arrangement.
What this means for traders watching the World Cup The $464 million peak from the 2024 hack episode is the cautionary data point that should frame any conversation about these tokens. That figure represents what happens when celebrity association and artificial urgency combine in a low-liquidity environment. It also represents what happens next: a rapid collapse back toward zero once the moment passes.
Mbappé’s Sorare investment provides a contrast worth noting. The NFT fantasy sports market operates on slower cycles, with card values tied to season-long performance metrics rather than single-match headlines. That structure doesn’t produce $464 million meme spikes, but it also doesn’t produce the corresponding crashes.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Kylian Mbappé now owns the most prestigious scoring record in football. The French forward reached 22 World Cup goals during the 2026 tournament, sliding past Lionel Messi’s mark of 21 to become the competition’s all-time leading scorer.
What makes the number even more absurd: he did it in just 22 appearances. One goal per game across three World Cups is the kind of stat line that shouldn’t exist outside of a video game career mode.
For crypto markets, the more interesting story isn’t on the pitch. It’s in the Solana meme token trenches and on Ethereum-based NFT platforms, where Mbappé’s performances have become a real-time catalyst for speculative trading activity.
From the pitch to the blockchain Mbappé isn’t new to the crypto world. He joined Sorare, an Ethereum-based NFT fantasy football platform, back in June 2022 as both an ambassador and an equity investor. That’s not a typical sponsorship deal where a celebrity slaps their name on a product. He put money in.
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Sorare lets users buy, sell, and trade officially licensed digital player cards to build fantasy football lineups. Rare NFT cards featuring Mbappé have sold for as much as $66,850 on the platform.
As Mbappé stacked goals throughout the 2026 knockout stages, his Sorare card values and trading volumes responded accordingly.
Meme tokens ride the Mbappé wave On Solana, unauthorized meme tokens bearing the striker’s likeness have seen notable trading volume spikes that correlate directly with his World Cup performances. Tokens like $MBAPPE and $MBAPEPE, neither of which have any official connection to the player, have attracted speculative capital from traders looking to ride the narrative.
No new crypto-native projects or significant token launches have been officially tied to the record. The speculative activity is purely community-driven.
The broader numbers tell a story Mbappé’s World Cup scoring breakdown across three tournaments paints a picture of escalating dominance. He scored 4 goals at the 2018 World Cup in Russia, where France won the title and he became the youngest scorer in a World Cup final since Pelé. At Qatar 2022, he exploded for 8 goals, including a hat trick in the final against Argentina, a game France ultimately lost on penalties.
That means he entered the 2026 tournament with 12 World Cup goals and needed 10 more during this edition to surpass Messi. As of mid-July 2026, Mbappé has also reached 100 goal involvements for the French national team when combining goals and assists.
The previous record holder, Messi, accumulated his 21 goals across five World Cup tournaments spanning from 2006 to 2026. Mbappé has needed only three.
What this means for crypto investors Sorare has an established marketplace with real liquidity and officially licensed content. For those considering the meme token side, tokens like $MBAPPE and $MBAPEPE are narrative trades, not investments. They move on attention, and attention in sports is inherently cyclical.
The more durable opportunity may sit with platforms like Sorare, where Mbappé’s record-breaking status could sustain demand for his digital collectibles beyond the tournament window. A player card representing the all-time World Cup top scorer carries a different kind of premium than one representing a player who might break the record someday.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Kylian Mbappe put two past the keeper in a World Cup 2026 knockout stage match, extending his remarkable tournament goal tally to 19 across his World Cup career. That’s the sports headline. Here’s the crypto headline: Solana meme tokens bearing his name immediately went haywire.
Look, we’ve seen this movie before. An elite athlete does something spectacular on the world stage, and within minutes, degens on Solana are trading tokens named after the moment. This time it’s $MBAPPE and $MBAPEPE, two unauthorized tokens that have seen trading volume spikes tracking almost perfectly with the French forward’s goal output during the tournament.
The real-time Mbappe effect Neither token is endorsed by Mbappe, FIFA, or any entity remotely associated with the World Cup. They’re pure speculation vehicles, born from the same impulse that produces a new token every time Elon Musk tweets a dog emoji. The difference here is that the catalyst is happening on a global stage watched by billions.
Beyond the meme token circus, Mbappe’s performance is also juicing the Sorare NFT market. A rare Sorare Mbappe NFT card sold for $66,850 during a bidding war amid the tournament excitement, with one buyer reportedly signaling a $150,000 asking price.
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This isn’t entirely surprising if you know the backstory. Mbappe became an investor in and brand ambassador for Sorare back in 2022. That partnership announcement alone triggered a 795% surge in NFT sales on the platform within 24 hours.
Kraken, W26, and the World Cup’s crypto infrastructure FIFA announced Kraken as the Official Crypto Exchange Supporter of the FIFA World Cup 2026 on June 9, 2026. That’s a major exchange getting official branding rights alongside one of the most-watched sporting events on earth.
Meanwhile, a new Solana memecoin called W26 has launched specifically to drive on-chain fan engagement around the World Cup. The token is trying to position itself as a community layer for football fans who want to interact with the tournament through crypto rails.
None of these tokens, not $MBAPPE, not $MBAPEPE, not W26, carry any official endorsement. They exist in that familiar gray zone where sports enthusiasm meets crypto speculation.
What this means for investors The Mbappe effect highlights something genuinely interesting about where sports and digital assets are headed. His Sorare partnership demonstrated measurable, repeatable impact on NFT trading volumes. That 795% spike from 2022 wasn’t a one-off fluke. His World Cup performances are generating similar surges years later.
For anyone watching the Sorare market, a $66,850 sale for a single player card during an active tournament suggests that the sports NFT vertical isn’t dead. It’s just concentrated around a handful of genuinely elite athletes whose performances create real demand spikes.
The more significant signal here is Kraken’s official World Cup partnership. When a regulated exchange lands sponsorship rights to football’s biggest tournament, it normalizes crypto exposure for an audience that might never have opened a wallet.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
England just beat France 6-4 in the World Cup, and Bukayo Saka walked away with the Man of the Match award. Somewhere on Solana, a token bearing his name started moving.
The July 6 match was the kind of scoreline that makes you wonder if both teams forgot to bring their goalkeepers. But for the crypto world, the real story wasn’t the defensive chaos. It was the ripple effect across fan tokens, prediction markets, and meme coins that have latched onto the biggest sporting event on the planet.
When goals meet on-chain speculation GoldenBoot Bukayo, a Solana-based meme-adjacent token trading under the ticker SAKA, saw increased activity following the Arsenal forward’s standout display against France. The token, which fluctuates based on Saka’s fitness updates and on-pitch contributions, is exactly what it sounds like: a speculative digital asset that lives and dies with one player’s tournament run.
Trading volumes remained modest. This isn’t the kind of asset that’s going to show up on institutional radar anytime soon.
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SAKA isn’t alone. New meme-based tokens like W26 have also emerged on Solana during the World Cup 2026, each trying to capture a slice of the attention economy that surrounds global football.
Kraken’s courtside seat at the World Cup Kraken was announced in June 2026 as the Official Crypto Exchange Supporter of the FIFA World Cup 2026, giving the exchange a prominent role in the emerging ecosystem of sports-related digital assets.
The partnership has included promotions and activations across North America and Europe, timed to coincide with match days and player milestones.
Prediction markets and the Saka injury saga Prediction markets reacted positively when Saka was confirmed fit ahead of England’s quarter-final against Norway on July 12. The Arsenal winger had been a doubt heading into the knockout stages, and his availability became a genuine market-moving event.
On-chain betting and prediction platforms have seen heightened engagement throughout the tournament, with Saka’s fitness serving as one of the more closely watched variables.
What this means for investors For anyone tempted to trade fan tokens tied to individual players or matches, the risk profile is considerable. These assets face severe liquidity constraints, wild volatility, and the ever-present possibility that the underlying narrative ends with a single injury or red card.
Solana has emerged as the default chain for meme tokens and fast-moving speculative assets, largely because its low fees and high throughput make it easy to spin up new tokens in response to real-world events.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Solana [SOL] has not had a strong price trend in recent weeks. In fact, it shed 4% of its value over the past week. And yet, over the past month, it was up by 4.8%. The recent losses came after the altcoin’s rejection at the $84 local resistance level.
Source: CryptoQuant The average order size of executed spot trades has increased over the past six months too. It is calculated by dividing the total trading volume by the number of trades.
The hike in average size was likely also a product of a decline in the number of trades. As the average size increases into big whale orders territory, the metric lights up green, signaling potential accumulation.
The same trends were seen from February-April, but did not lead to a sustained recovery above $100. Solana is likely heading towards a similar outcome.
Solana under pressure from distribution trends Lookonchain reported that Pump.Fun sold another $6.15 million worth of SOL in recent hours, bringing their total sales to just over $800 million, at an average token price of $169.
Source: Ali Charts on X Crypto analyst Ali Martinez used data on the number of whale wallets to demonstrate a fall in whale interest. The analyst noted a 3.6% decrease in the number of Solana whale wallets since May.
This represented a decrease in 200 whale wallets. If network-wide accumulation was underway, as the big whale order metric suggested, the number of whale wallets should have increased.
Hodlers may be increasing their holdings, but the lack of conviction from whales is still a concern.
Expected short-term SOL price trends A recent AMBCrypto report highlighted why the $84-$90 area is a stern supply zone. Morgan Stanley activated spot trading for Solana through its E*TRADE platform too.
And yet, this development has not so far catalyzed a boost in demand for the altcoin.
Source: CoinGlass The liquidation heatmap of the past month highlighted the same. The $84-$86 area, in particular, appeared to be a dense cluster of short liquidations. To the south, the $70-$73 zone was much closer to the price and likely the imminent price target.
The liquidation map made it clear that a sweep of the $85 and even the $90 regions was possible. Hence, traders leaning bearishly in the short-term should be aware of the potential for a short squeeze.
Final Summary The number of Solana whale wallets has declined by 3.6% since May, indicating a lack of conviction. At press time, short-term price trends remained bearishly poised and a move to $70 could occur soon.
The 2026 FIFA World Cup is rewriting the tactical playbook. By the end of the round of 32, players had scored 35 goals from outside the penalty area, a number that dwarfs the 12 long-range strikes from Qatar 2022 and even eclipses the 25 recorded across all of Russia 2018. Former striker and current pundit Jurgen Klinsmann points to a simple explanation: teams are defending deeper than ever, which means attackers are pulling the trigger from further out.
Kraken, Avalanche, and the official crypto layer Kraken was named the Official Crypto Exchange Supporter of the FIFA World Cup 2026 on June 9, marking one of the highest-profile sponsorship deals between a crypto exchange and a global sports organization.
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FIFA’s Collect platform is built on an Avalanche-based blockchain and designed to support EVM-compatible wallets, enabling fans to buy, trade, and hold digital collectibles tied to the tournament.
Memecoins, prediction markets, and the speculation layer Several Solana-based tokens, including ones trading under tickers like FWC26, W26, and WORLDCUP26, have launched specifically around the tournament. These tokens carry zero official FIFA endorsement and exist purely as speculative vehicles driven by cultural momentum.
On the prediction market side, Chainlink is providing oracle services for platforms covering all 104 World Cup matches via ADI Predictstreet. Oracles are the bridge between real-world data, like match scores, and on-chain smart contracts that settle bets.
What this means for investors The World Cup crypto ecosystem splits into three distinct risk tiers. At the bottom, the memecoins. Tokens like FWC26 and WORLDCUP26 are pure narrative trades with no fundamental backing. The middle tier is Avalanche. FIFA Collect running on its chain is a genuine catalyst, but NBA Top Shot saw a similar surge during its launch window before trading volumes cratered. The top tier, in terms of structural importance, is Chainlink. Oracle services for prediction markets aren’t glamorous, but the World Cup deployment covers all 104 matches and sets an infrastructure precedent for future events.
One risk worth flagging: regulatory scrutiny around sports-linked crypto products, particularly prediction markets and unlicensed memecoins, tends to intensify when the mainstream spotlight is this bright. Investors should watch for enforcement signals from US and European authorities as the tournament progresses through the knockout rounds.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Solana has held a broad weekly trading range between $67.50 and $106 for the past five months, maintaining a structure closely watched by technical analysts and market participants. The current price movement follows a volatile period in June when Solana tested the lower end of this range but failed to break below it amid heavy selling pressure.
Key levels and trader outlookThe lower boundary of Solana’s range is anchored at $67.50, with the upper boundary near $106. Crypto trader Ansem reported that Solana recently reclaimed this range after briefly dipping towards the lows during a high-volume selloff. This shift in price structure has kept the larger range intact despite persistent volatility.
According to Ansem, the mid-$70 area may act as a support zone where Solana could form a higher low in the coming weeks. However, he remains cautious, suggesting price action will remain uneven until the asset decisively surpasses the upper range resistance near $106.
Currently, Solana is retesting a resistance zone between $81.50 and $88. Market observers note that a sustained move above this area could signal further upside and strengthen the recovery thesis.
Solana’s attempt to break down from its weekly range coincided with high market fear and notable selling pressure, but the coin has since reclaimed these levels, shifting the short-term structure and keeping the broader range active.
If Solana were to break below the range low at $67.50, analysts expect the recovery outlook to weaken significantly. Until then, most traders continue to focus on the prevailing range.
LevelPrice RangeMarket SignificanceSupport$67.50-$75.00Key demand and higher low zoneResistance$81.50-$88.00Immediate test areaRange High$106Major breakout targetExtended Target$150Q3 potential if $106 is clearedDaily and hourly chart analysisOn the daily timeframe, Ansem indicated that most trading activity recently occurred between $78 and $92, with the primary point of control near $85. This area closely aligns with a former resistance level where rallies lost momentum. He also confirmed that the sharp price drop from $83 to $60 in early June has now been retraced, suggesting Solana has absorbed previous downside weakness.
Ansem mentioned that if Solana posts daily closes above the June highs around $83, buyers may push toward the key range high near $106. He added that failed breakdowns historically tend to result in tests of the opposite end of the established range.
On the hourly chart, demand is concentrated between $72 and $75, identified as a short-term support zone that may serve as a launchpad for further gains if it holds in the coming sessions. Ansem set a stop-loss at $71 for invalidation of this potential upward move.
If Solana maintains support above $72-$75, traders point to $83-$85 as the immediate upside goal. A breakout above this area could return the focus to $106, the top of the current multi-month range.
Mini dictionary: Ansem is a pseudonymous cryptocurrency market analyst known for providing technical analysis and trading insights on X, particularly focusing on major digital assets like Solana and Ethereum.
Looking ahead, Ansem outlined $150 as a possible extended target for Solana later in the third quarter, contingent upon a breakout above the $106 range top. Until a decisive move occurs, market participants are closely watching how Solana behaves around $72-$75 support and the nearby resistance band between $83 and $88.
Should Solana achieve daily closes above June’s $83 highs, the range high at $106 would become the next focus, with further upside to $150 possible if momentum continues through Q3.
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.
As Hyperliquid (HYPE) continues to make waves in the crypto market, pulling strong price moves and impressive network activity, the altcoin has finally outpaced XRP in the derivatives market.
Latest data from Coinglass shows that HYPE has overtaken XRP in crypto futures open interest, claiming the fourth largest open interest, a position previously held by XRP.
HYPE OI hits $1.45 billion The data shows that HYPE now has a massive $1.45 billion in futures open interest, surpassing XRP, which is currently sitting at $1.12 billion.
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While open interest typically measures the total value of active futures contracts that have yet to be settled on a specific crypto asset, Hyperliquid now ranking in fourth place behind only Bitcoin, Ethereum, and Solana suggests that futures traders are largely betting on the asset instead of XRP.
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Simply put, crypto futures traders are strongly participating in Hyperliquid, and its derivatives market is rapidly gaining traction over XRP.
Hyperliquid Vs XRPIt is important to note that Hyperliquid has flipped XRP in open interest despite HYPE slipping 1.28% over the past 24 hours to around $59.24.
Meanwhile, XRP has surged modestly by 1.26% to about $1.09, suggesting that XRP is currently pulling stronger moves than HYPE in the spot market.
Nonetheless, the mild surge in XRP's trading price was not enough to keep it ahead in the futures rankings. Regardless, XRP still remains ahead of HYPE in the broader crypto market, maintaining its position as the fourth largest crypto asset by market capitalization.
Rather than just investing in cryptocurrencies, SBI Holdings is establishing itself as one of Asia’s top providers of digital asset infrastructure.
By purchasing Coinhako, SBI is acquiring a licensed cryptocurrency platform with a well-established clientele throughout Southeast Asia.
Additionally, the deal accelerates SBI’s regional expansion by strengthening its position in Singapore, one of the most crypto-friendly but strictly regulated markets in the world.
SBI’s long-term plan That said, the purchase aligns with SBI’s long-term goal of establishing a “global corridor for digital assets.”
This is because moving funds or investments across borders has historically involved several middlemen, currency conversions, settlement delays, and increased costs. To lessen these frictions, SBI plans to employ blockchain technology.
Remarking on the same, Coinhako co-founder and CEO Yusho Liu said,
For the past 10 years, we have built from the ground up Southeast Asia’s most trusted and legally compliant cryptocurrency platform in the world’s most advanced regulatory environment.
How will Coinhako boost SBI’s stablecoin plan? Additionally, Coinhako would help SBI strengthen its stablecoin aspirations. For context, SBI had introduced JPYSC, a stablecoin denominated in yen, earlier this year. However, due to its inability to be withdrawn to external wallets, JPYSC currently circulates only within the SBI ecosystem.
Nevertheless, if technical advancements and regulatory approvals permit wider interoperability, incorporating Coinhako’s exchange and customer network may eventually be beneficial.
What’s more? Notably, the acquisition is a component of SBI’s larger expansion into the cryptocurrency space. It comes after Bitbank was purchased, EDX Markets and Gauntlet were invested in, and its JPYSC stablecoin was introduced. This further coincided with the announcement of a recent partnership between SBI Holdings and the Solana Foundation.
The collaboration aims to create yen-backed stablecoins, tokenized assets, cross-border payments, and institutional services by fusing Solana’s quick, inexpensive blockchain with SBI’s financial and regulatory know-how.
Final Summary SBI Holdings new plan aims to ease cross-border transfers without several middlemen, currency conversions, settlement delays, and increased costs. The acquisition of Bitbank, investments in EDX Markets and Gauntlet, and the introduction of its JPYSC stablecoin are some of SBI’s crypto tides.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Uniswap plans to implement protocol fees for select v4 pools for the first time, with an on-chain vote scheduled for this Sunday.
Uniswap is set to roll out protocol fees on select v4 liquidity pools for the first time, as two proposals move to a final on-chain vote this Sunday. The proposals include activating protocol fees for Uniswap v4 liquidity pools across seven blockchains, and simultaneously enabling protocol fees for Uniswap v2 and v3 liquidity pools on Robinhood Chain. Since July 1, Uniswap’s cumulative swap volume on Robinhood Chain has surpassed $6 billion.
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Abraxas Capital deposits 3 million USDC into Hyperliquid to add to its short positions.
According to monitoring by Onchain Lens, Abraxas Capital has deposited 3 million USDC into Hyperliquid. The firm is further ramping up its short positions, including: Bitcoin (BTC) short positions rising to 364.9 units, with a notional value of approximately $23.3 million; Ethereum (ETH) short positions increasing to 19,020 units, with a notional value of around $35.08 million.
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Iran's Ministry of Foreign Affairs: The Memorandum of Understanding does not allow the US to open an independent parallel shipping lane in the Strait of Hormuz.
According to CCTV News, Iran’s Ministry of Foreign Affairs stated on the 18th local time that Article 5 of the Iran-US Memorandum of Understanding (MoU) prohibits the US from establishing an independent parallel shipping lane in the Strait of Hormuz. The Iran-US MoU is based on mutual commitments between the two countries, and as long as the US fulfills its pledges, Iran will abide by its own commitments.
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Next Week's Macro Outlook: Federal Reserve Blackout Period Coincides With Earnings Season, ECB Decisions Take Center Stage
As US-Iran tensions continue to evolve, the Federal Reserve will enter its pre-meeting blackout period next week, with no major US data releases that could influence its rate-setting meeting. Traders will turn their focus to Europe. Below are the key market focus points for the coming week (all times Beijing): - Tuesday 20:15: US ADP employment change for the week ended July 4 - Thursday 20:15: European Central Bank (ECB) interest rate decision - Thursday 20:45: ECB President Lagarde holds a monetary policy press conference - Friday 07:30: Japan’s June core CPI year-on-year rate Dozens of companies will release their Q2 earnings next week. Tesla will announce its earnings in the early hours of Thursday, July 23 (Beijing time); BlackRock will release its results ahead of US stock market opening on July 23 (Beijing time); Intel will report earnings in the early hours of Friday, July 24 (Beijing time).
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A whale transferred 19,235 ETH to Binance, worth approximately $35.34 million.
According to YuEmber monitoring, geministar.eth transferred 19,235 ETH (worth approximately $35.34 million) to Binance 15 minutes ago.
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Robinhood addresses controversy: Its support for Trump’s account is aimed at inclusive finance, not to encourage gambling-style trading.
According to The New York Times, as Robinhood integrates prediction markets into its app, external concerns have grown over the platform’s potential to exploit young, inexperienced investors. Additionally, many still associate Robinhood with the meme stock craze that swept markets years ago, and the firm was a key driver of that phenomenon. Today, Robinhood aims to be seen as more than those labels. The company has become one of the entities operating the Trump Accounts program, which gives Robinhood the chance to build closer ties with the next generation of investors while further strengthening its relationship with Washington’s political establishment. Robinhood CEO Vlad Tenev responded that the move is not to encourage speculation, but to expand financial inclusion and help more U.S. households participate in long-term investing. Currently, Robinhood has adjusted some product designs and is working to transition from a “speculative trading platform” to a broader financial services firm.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Spain’s Rodri has completed somewhere between 599 and 694 passes at the 2026 World Cup, depending on the match stage.
The World Cup’s passing leaderboard has become intertwined with one of crypto’s most ambitious mainstream marketing campaigns to date, as Kraken leverages its role as the tournament’s Official Crypto Exchange Supporter to push digital assets into the living rooms of billions of viewers.
Spain’s possession machine meets crypto’s attention machine The 2026 World Cup final between Spain and Argentina, scheduled for July 19, 2026, features two teams that treat the ball like a precious asset you never want to lose. Rodri sits atop the tournament’s completed passes leaderboard by a comfortable margin. His Spanish teammates Pau Cubarsi and Aymeric Laporte also rank among the top passers. On the Argentine side, Leandro Paredes and Enzo Fernandez have been doing their part to keep the possession-oriented approach alive.
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Kraken’s World Cup play Kraken was named the Official Crypto Exchange Supporter of the 2026 FIFA World Cup across North America and Europe, a deal announced on June 9, 2026. The exchange has been running promotions through July 20, 2026, including Bitcoin giveaways based on trading volume.
Tying Bitcoin giveaways to trading volume incentivizes new users to actually trade rather than just create accounts and disappear.
Memecoins enter the pitch The World Cup has also spawned its own ecosystem of event-themed memecoins on Solana. The most notable, FWC26, launched with a market cap of approximately $1,900.
The fact that these memecoins exist at all on Solana speaks to the chain’s role as the de facto home for speculative token launches. Low transaction fees make it trivially cheap to mint and trade tokens tied to whatever is trending on social media.
What this means for investors Kraken’s visibility during the tournament is a genuine brand-building exercise that could translate into user acquisition numbers in upcoming quarters.
The memecoin ecosystem around the tournament is almost certainly a trap for anyone who isn’t in and out within hours. Tokens with market caps measured in thousands of dollars have essentially zero liquidity, meaning selling any meaningful position would crater the price.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Robinhood Chain launched, filled with memecoins, briefly ranked third among DEXs, and the “Solana killer” talk started immediately. Then you look at the actual numbers. Solana has 27 times the value locked and 2 million more users. This is not a flippening. It is a fair fight over the wrong metric.
Summary
Robinhood Chain launched July 1 and drew roughly $185 million in value locked and over $3 billion in first-week DEX volume, briefly ranking among the top DEXs by volume and prompting Solana comparisons. Solana dwarfs it on every durable metric: around $4.93 billion in value locked, $1.91 billion in daily DEX volume, more than 2 million active addresses, and roughly $3 million in daily app revenue. The gap on value locked is about 27 to 1. On active users, it is larger. Volume alone, the one metric where Robinhood looked competitive, is the least durable measure and is inflated by a memecoin frenzy and a gas subsidy. The real bull case for Robinhood is not flipping Solana on-chain. It is distribution: roughly 28 million existing customers and a decade of retail brand equity that no crypto-native chain can match. The honest verdict is that Robinhood will not flip Solana on DeFi metrics any time soon, but the two are not actually competing for the same thing, which makes the flippening question the wrong one. Within days of Robinhood Chain going live, the comparison wrote itself. A memecoin frenzy sent the chain’s DEX volume past $3 billion in a week; it briefly cracked the top three networks by daily DEX volume, and crypto Twitter did what crypto Twitter does: it declared a Solana killer.
The parallel was tidy. Solana also grew through a memecoin boom, so surely Robinhood was running the same playbook toward the same destination. Then you pull the actual data, and the tidy story falls apart. Solana has roughly 27 times Robinhood Chain’s value locked and millions more users.
The one metric where Robinhood looked competitive, raw volume, is the flimsiest number on the board. This piece is about whether Robinhood Chain can flip Solana, and the short answer is no, not close, and the more interesting answer is that flipping Solana was never the right frame.
The scoreboard Start with the numbers, because the numbers settle most of the argument before it starts.
Solana, as of mid-July 2026, carries around $4.93 billion in total value locked, does roughly $1.91 billion in daily DEX volume, has more than 2 million active addresses, and generates about $3 million in daily application revenue. These are the metrics of a mature, heavily used layer-1 with a deep DeFi ecosystem, years of accumulated liquidity, and a large, sticky user base.
Robinhood Chain, roughly 2 weeks after launch, sits at around $185 million in value locked, having posted more than $3 billion in DEX volume across its first week. Depending on the day and the source, its TVL has been quoted between $185 million and $312 million, with the higher figure heavy on stablecoin deposits. Active addresses are counted in the hundreds of thousands cumulatively, not the millions active.
Line the durable metrics up, and the gap is stark. On value locked, Solana leads by a factor of roughly 27 to one against the lower Robinhood figure, and still around 16 to 1 against the higher one. On active users, the gap is larger still. On application revenue, Solana’s ecosystem earns real fees across a diverse set of protocols; Robinhood Chain’s revenue is concentrated in memecoin trading and inflated by incentives. There is exactly one metric where Robinhood looked competitive in its first fortnight, and that is raw DEX volume, where a memecoin frenzy briefly pushed it into the same conversation as networks many times its size.
That single metric is doing all the work in the flippening narrative, and it is the metric that deserves the least trust.
Why volume is the wrong number Volume is seductive because it is large and it moves fast, and it is misleading for the same reasons.
Robinhood Chain’s $3 billion first week was overwhelmingly memecoin trading. CASHCAT alone generated roughly $98 million in a single day, about 17% of the chain’s entire DEX volume, and the broader wave of Robinhood-themed tokens, Cash Dog in Hood, Little John, Hoodrat, drove most of the rest.
Memecoin volume is the most transient category of on-chain activity there is. It arrives with attention and leaves with it, and it leaves no infrastructure behind. A chain doing $3 billion in memecoin volume this week can do a fraction of that next month, as the 33% single-day CASHCAT drop after its launchpad exited already showed.
Then there is the subsidy. Robinhood Chain ran a 90-day gas fee subsidy from launch, which makes transactions artificially cheap and inflates transaction counts and, indirectly, trading activity. Any volume comparison during the subsidy window is measuring a promotion as much as organic demand. The honest read of that number will only be available once the subsidy expires and users start paying real costs.
Value locked, by contrast, is sticky. It represents capital that has chosen to reside on the chain, in lending protocols, liquidity pools, and asset-management strategies, and it does not evaporate with a memecoin’s attention cycle. Solana’s ~$4.93 billion in TVL is the accumulated result of years of protocols, integrations, and users committing capital. Robinhood’s ~$185 million is a 2-week-old figure heavily weighted toward stablecoin deposits and speculative liquidity. TVL is the metric that predicts whether a chain is durable. Volume is the metric that predicts whether it is currently trending. They are not the same, and the flippening narrative relies entirely on the second.
The bull case for Robinhood The strong case for Robinhood Chain does not run through on-chain metrics at all, and the people making the flippening argument are looking in the wrong place because the actual advantage is off-chain.
Robinhood has roughly 28 million customers across 38 countries and more than a decade as one of the largest retail investment platforms in the United States. That is a distribution asset no crypto-native chain possesses. Solana had to acquire its users one at a time through the slow, expensive work of crypto adoption.
Robinhood already has tens of millions of funded accounts belonging to people comfortable trading both stocks and crypto, and it can put its chain in front of them inside an app they already use. If even a modest fraction of that base becomes active on-chain, the user numbers change quickly. Brand equity and distribution are exactly what earlier tokenization projects lacked, and Robinhood has both in abundance.
The memecoin-as-ignition argument also has real historical support. Solana itself grew through a memecoin cycle: BONK, WIF, and the Pump.fun era, before it produced serious infrastructure and institutional adoption. Base followed a similar arc. Speculative trading bootstraps the liquidity, the market makers, the tooling, and the attention that serious applications later need. In this reading, Robinhood Chain’s memecoin phase is not a failure to attract real activity; it is the normal first stage, and judging a 2-week-old chain by its TVL is like judging Solana by its 2021 numbers.
And Robinhood is playing a different game entirely. Its chain is built for tokenized stocks and real-world assets, a category Solana is also chasing but where Robinhood brings brokerage licenses, custody relationships, and regulatory infrastructure that a crypto-native chain has to build from scratch. If the RWA thesis plays out, Robinhood competes on ground where its traditional-finance credentials are an advantage, not on the DeFi metrics where Solana is years ahead. The flippening question assumes the two chains want to be the same thing. They may not.
The bear case for Robinhood The skeptical case is that Robinhood Chain has attracted exactly the kind of activity that does not convert, and that the gap to Solana is not a head start Robinhood can close but a structural difference it may never close.
The mercenary-liquidity problem is the core of it. Memecoin traders are loyal to activity, not to chains. They arrived on Robinhood Chain because that is where the new-launch action was, and they will leave for the next chain offering quicker profits without a second thought. The Noxa launchpad that powered the entire boom generated roughly $12 million in fees and then stopped accepting launches and went dark within 11 days of the chain’s launch. That is not the behavior of infrastructure settling in; it is the behavior of an extraction cycle moving through. When the memecoin attention leaves, the question is what remains, and right now what remains is roughly $12.8 million in actual tokenized real-world assets, the thing the chain was built for.
The convert-the-traffic problem compounds it. Robinhood’s 28 million customers are a distribution asset only if they can be moved on-chain, and there is no evidence yet that memecoin degens and Robinhood’s retail stock traders are the same people or that 1 becomes the other. The chain’s current users may have almost no overlap with the tokenized-asset investors Robinhood hopes to serve. Distribution is potential, not conversion, and the conversion has not been proven.
Then there is the structural point that on-chain metrics are not a race Robinhood is quietly winning. Solana continues to outperform Robinhood Chain across essentially every DeFi metric despite the new chain’s loud debut, and Solana is not standing still. It has its own institutional momentum, its own tokenized-asset push, its own SBI partnership for on-chain financial markets in Japan. Robinhood is not catching a stationary target. It is entering, 2 weeks old, a competition against a network with a multi-year head start that is itself accelerating. Closing a 27-to-1 TVL gap against a moving, growing competitor is a different proposition than the volume charts suggest.
The Base comparison nobody makes The flippening debate fixates on Solana, but the more instructive comparison is Coinbase’s Base, because Base is the closest thing to a control group for exactly what Robinhood is attempting, and it complicates both the bull and bear cases.
Base launched in 2023 as a corporate-backed Ethereum layer 2, built by a licensed, publicly traded American financial company with a large existing user base, aimed at bringing mainstream users on-chain. That is Robinhood Chain’s template almost exactly. And Base’s early growth, like Robinhood’s, ran heavily through memecoins before it developed into a more diversified ecosystem. So Base is the case study for whether a corporate chain can convert a speculative launch into durable activity, and the answer it offers is genuinely mixed.
On the bull side, Base did convert. It built real DeFi, real stablecoin activity, and real applications on top of the initial speculation, and it became one of the larger L2s by several measures. Coinbase’s distribution, tens of millions of users, mattered, and the memecoin phase did function as ignition rather than as the whole story. That is the precedent Robinhood is betting on, and it is a real one: a corporate chain did turn a speculative launch into something lasting.
On the bear side, Base did not flip Solana either, and it had a 2-year head start on Robinhood plus a parent company that was crypto-native from birth. If Base, with Coinbase’s crypto-specific expertise and a longer runway, sits alongside Solana instead of above it, the idea that Robinhood Chain will vault past Solana looks even less plausible. And Base has its own value-capture questions as an Ethereum L2, the same ones that apply to Robinhood Chain, where the base layer captures little of the economics. Base shows the corporate-chain model can work; it also shows that working means becoming a significant chain, not dethroning the incumbent. That is the realistic ceiling for Robinhood Chain too: not flipping Solana, but earning a durable place alongside it, and only if it converts the way Base did rather than fading the way most launch-frenzies do.
What a flippening would actually require The word “flippening” gets thrown around loosely, so it is worth being precise about what would have to happen for Robinhood Chain to actually surpass Solana, because the specifics show why the headline math is not close.
Flipping Solana is not one event; it is a set of them across separate metrics, and they do not move together. On total value locked, Solana holds roughly $4.93 billion against Robinhood Chain’s ~$185 million, a gap of about 27 times. Closing that does not mean matching Solana’s memecoin volume for a week. It means persuading serious capital, lending markets, stablecoin issuers, restaking protocols, and asset managers to park billions on a corporate L2, which is a trust-and-time problem that speculative volume does nothing to solve. TVL is sticky precisely because it represents commitment, and commitment is the thing a memecoin wave cannot manufacture.
On active addresses, Solana runs above 2 million against a far smaller base on Robinhood Chain, and the composition matters more than the count. Solana’s addresses span DeFi users, NFT traders, payment apps, and memecoin degens across a mature ecosystem. Robinhood Chain’s early activity is concentrated in memecoin speculation and a gas subsidy that inflates the raw transaction figure. An address trading CASHCAT once is not equivalent to an address running a lending position, a payment flow, and a staking allocation. The headline number can converge while the underlying engagement stays a chasm apart.
On application revenue, Solana generates around $3 million daily from a diversified base of protocols. Robinhood Chain’s revenue is thin and skewed toward the launchpad-and-memecoin complex that already showed it can evaporate in days when Noxa went dark. Sustainable app revenue requires applications people use for reasons other than speculation, and building that catalog is measured in years of developer adoption, not weeks of viral trading.
Then there is the structural ceiling nobody in the flippening conversation mentions: Robinhood Chain excludes US persons from its flagship products. Stock Tokens are barred to Americans, wallet perpetuals are barred to Americans, and the chain’s entire regulated-RWA thesis is aimed at a user base that cannot legally touch its marquee offerings from Robinhood’s home market. Solana has no such wall. A chain competing for global L1 dominance with its largest potential market fenced off from its best products is running the race with a weight the incumbent does not carry.
Put those together, and the flippening is not a single line for Robinhood Chain to cross. It is four separate lines, on four metrics that move at different speeds for different reasons, at least one of which is capped by regulation. Memecoin volume, the one number Robinhood Chain can actually post, is the least sticky and least predictive of the set. That is why the honest answer to the headline is not “not yet.” It is “not close, and the gap is wider than the volume charts make it look.”
The verdict So will Robinhood Chain flip Solana? On the metrics that matter, no, and not close, and not soon.
The value-locked gap is roughly 27 to 1. The user gap is larger. The revenue gap is structural. The only metric where Robinhood was competitive is raw volume, which is the least durable measure available, is dominated by transient memecoin trading, and is inflated by a temporary gas subsidy. A chain does not flip a mature layer-1 by winning the one number that evaporates when attention moves on. Every durable indicator points to Solana remaining well ahead for the foreseeable future.
But the question contains a flawed assumption, and that is the more useful thing to say. “Flip Solana” treats the two chains as competitors for the same prize, and they may not be. Solana is a general-purpose, crypto-native layer-1 with a deep DeFi ecosystem built by and for crypto users. Robinhood Chain is a corporate settlement layer built by a licensed brokerage to bring tokenized stocks and real-world assets to a retail base that already trades on Robinhood. Their overlap right now is memecoins, which is precisely the activity neither of them was built for and which will belong to whichever chain is currently paying attention. The lasting competition, if there is one, is over tokenized real-world assets, and that race has barely started.
The honest framing is this. Robinhood will not out-DeFi Solana; that is not a contest it is positioned to win and probably not one it is trying to win. What Robinhood can do is convert a slice of 28 million existing customers into on-chain users of tokenized-asset products, on rails where its brokerage credentials matter more than its DEX volume. If it does that, it does not need to flip Solana, because it will be winning a different game. If it does not, the memecoin volume fades, the chain settles back to its $12.8 million of real assets, and the flippening talk looks like what it probably is: a volume chart mistaken for a verdict. The number to watch is not DEX volume and not the gap to Solana. It is whether tokenized real-world assets on Robinhood Chain grow, and Robinhood’s July 29 earnings are the first real look.
Frequently Asked Questions Is Robinhood Chain bigger than Solana? No, and the gap is large. As of mid-July 2026, Solana holds around $4.93 billion in total value locked against Robinhood Chain’s roughly $185 million, a gap of about 27 to 1. Solana also has more than 2 million active addresses and around $1.91 billion in daily DEX volume from a mature ecosystem. Robinhood Chain briefly matched Solana on raw DEX volume during a memecoin frenzy, but trails badly on every durable metric.
Why do people compare Robinhood Chain to Solana? Because Robinhood Chain’s DEX volume surged past $3 billion in its first week, briefly ranking among the top networks, and because Solana famously grew through a memecoin cycle of its own before maturing. The parallel is that both bootstrapped with speculation. The comparison relies heavily on volume, which is the least durable metric and, for Robinhood, is inflated by memecoin trading and a temporary gas subsidy.
Could Robinhood Chain flip Solana eventually? On DeFi metrics, it is unlikely any time soon, given a 27-to-1 value-locked gap against a competitor that is itself growing. Robinhood’s real advantage is off-chain: roughly 28 million existing customers and strong retail brand equity. If it converts a meaningful share of that base into on-chain users of tokenized-asset products, it could become large without ever matching Solana on DeFi, because it would be competing on different ground.
Why is DEX volume a misleading metric? Because it is transient and easily inflated, Robinhood Chain’s volume was overwhelmingly memecoin trading, which arrives and leaves with attention and builds no lasting infrastructure. A 90-day gas subsidy also made transactions artificially cheap during the launch window. Value locked, which represents capital committed to the chain’s protocols, is a far better predictor of durability, and on that measure Solana leads decisively.
What is Robinhood Chain actually built for? Tokenized stocks and real-world assets. It launched as an Ethereum layer 2 with Stock Tokens as the flagship product, targeting a retail base that already trades equities on Robinhood. Its competitive advantage is brokerage licenses, custody relationships, and regulatory infrastructure. The memecoin activity that drove its early volume is not the use case it was designed for, and only about $12.8 million in real-world assets currently sit on it.
What happened with CASHCAT and the memecoins? CASHCAT, a token named after Robinhood’s original working name, surged to a roughly $156 million market cap and at one point generated about 17% of the chain’s daily DEX volume. It spawned a wave of Robinhood-themed tokens. The launchpad driving the boom, Noxa, earned around $12 million in fees, then went dark within 11 days, and CASHCAT fell more than 33% in a day, illustrating how quickly memecoin activity can leave.
Does Robinhood’s user base guarantee success? No. Roughly 28 million customers is a distribution advantage, but distribution is potential, not conversion. There is no evidence yet that Robinhood’s retail stock traders will become active on-chain users, or that the memecoin traders currently driving activity overlap with the tokenized-asset investors the chain targets. Converting existing customers into on-chain users is the unproven step the entire strategy depends on.
When will we know if the strategy is working? Watch the tokenized real-world asset figure on the chain, currently around $12.8 million, rather than DEX volume or the gap to Solana. If real assets grow substantially while memecoin activity fades, the traffic is converting, and the strategy is working. Robinhood’s second-quarter earnings on July 29 should offer the first real look at Stock Token adoption, and liquidity behavior after the gas subsidy expires will be the next test.
Disclaimer: This article is for information and educational purposes only and does not constitute financial or investment advice. It compares blockchain networks and company strategies, not the merits of any token. Memecoins are highly speculative, and most participants lose money. Nothing here is a recommendation to buy any asset or use any platform. Always do your own research. On-chain figures move quickly and are accurate as of July 17, 2026.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Iran's Deputy Foreign Minister: Iran has ceased implementing the Iran-US Memorandum of Understanding
According to Iranian media reports on the 18th, Iranian Deputy Foreign Minister Garibabadi stated that Iran has ceased implementing the Iran-US Memorandum of Understanding after the United States violated its commitments.
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BONK treasury attacker transfers approximately $1.19 million worth of tokens to Binance.
According to Yu Jian Monitoring, the address that previously drained the BONK treasury via a governance attack transferred 400 billion BONK tokens (valued at roughly $1.19 million) to Binance 20 minutes ago. The address spent approximately $4.4 million 10 days ago to purchase enough BONK tokens to meet the governance voting threshold, then submitted a governance proposal that was forcibly passed, siphoning 4.426 trillion BONK tokens from the BONK treasury, worth around $21.2 million.
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Consensys unwittingly hired North Korean developers for software development work, and has launched a full investigation.
Blockchain firm Consensys unknowingly granted a North Korea-linked software developer access to some of its internal systems for roughly a month. Earlier this year, Consensys hired a software consultant operating under the alias Tyler Knapp, who was later found to have ties to North Korea. The incident prompted Consensys to temporarily pause product releases and launch an internal investigation. Consensys General Counsel Matt Corva stated: "'Knapp' was introduced to the company via its partnership with a reputable third-party service provider, serving as a consultant (he was never a full-time Consensys employee). We detected this security threat shortly after his onboarding, immediately terminated all his access permissions in line with security protocols, and initiated a full investigation. The probe confirmed no assets or data were misappropriated, no malicious code was deployed, and there was no impact on user security or assets."
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Kevin Kelly: If Token costs become critical in the future, China’s open-source models will hold a significant advantage.
Famous futurist and "Father of Silicon Valley Spirit" Kevin Kelly told media in an interview at the 2026 World Artificial Intelligence Conference that if the day comes when everyone starts paying attention to token costs, China’s AI will hold an advantage thanks to the existence of open-source models. Kelly noted that token consumption costs are growing increasingly important, though currently the industry seems not to prioritize them. “But I think when we are consuming such massive amounts of tokens all the time, people will start caring about [costs]. If you can offer costs that are one-tenth of Anthropic’s, that will disrupt the entire landscape.” However, Kelly also warned that open-source models require sufficient funding to sustain operations, as they are not as profitable as closed-source models. “Building these large models requires massive capital.”
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A trader bought BRIAN at its peak yesterday, now facing an unrealized loss of nearly 90%.
On-chain analyst Ai Yi (handle @ai_9684xtpa) reports that a trader purchased $179,000 worth of BRIAN at an average price of $0.01311 at yesterday’s peak, and is now facing an unrealized loss of $159,000, with their assets having shrunk by 88.7%.
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Kuwait Petroleum Corporation says key oil facilities were attacked by Iran.
According to Kuwait News Agency, Kuwait Petroleum Corporation stated that key oil facilities were attacked by Iran, resulting in multiple injuries and heavy losses.
Iran's Deputy Foreign Minister: Iran has ceased implementing the Iran-US Memorandum of Understanding
According to Iranian media reports on the 18th, Iranian Deputy Foreign Minister Garibabadi stated that Iran has ceased implementing the Iran-US Memorandum of Understanding after the United States violated its commitments.
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BONK treasury attacker transfers approximately $1.19 million worth of tokens to Binance.
According to Yu Jian Monitoring, the address that previously drained the BONK treasury via a governance attack transferred 400 billion BONK tokens (valued at roughly $1.19 million) to Binance 20 minutes ago. The address spent approximately $4.4 million 10 days ago to purchase enough BONK tokens to meet the governance voting threshold, then submitted a governance proposal that was forcibly passed, siphoning 4.426 trillion BONK tokens from the BONK treasury, worth around $21.2 million.
3 minutes ago
Consensys unwittingly hired North Korean developers for software development work, and has launched a full investigation.
Blockchain firm Consensys unknowingly granted a North Korea-linked software developer access to some of its internal systems for roughly a month. Earlier this year, Consensys hired a software consultant operating under the alias Tyler Knapp, who was later found to have ties to North Korea. The incident prompted Consensys to temporarily pause product releases and launch an internal investigation. Consensys General Counsel Matt Corva stated: "'Knapp' was introduced to the company via its partnership with a reputable third-party service provider, serving as a consultant (he was never a full-time Consensys employee). We detected this security threat shortly after his onboarding, immediately terminated all his access permissions in line with security protocols, and initiated a full investigation. The probe confirmed no assets or data were misappropriated, no malicious code was deployed, and there was no impact on user security or assets."
3 minutes ago
Kevin Kelly: If Token costs become critical in the future, China’s open-source models will hold a significant advantage.
Famous futurist and "Father of Silicon Valley Spirit" Kevin Kelly told media in an interview at the 2026 World Artificial Intelligence Conference that if the day comes when everyone starts paying attention to token costs, China’s AI will hold an advantage thanks to the existence of open-source models. Kelly noted that token consumption costs are growing increasingly important, though currently the industry seems not to prioritize them. “But I think when we are consuming such massive amounts of tokens all the time, people will start caring about [costs]. If you can offer costs that are one-tenth of Anthropic’s, that will disrupt the entire landscape.” However, Kelly also warned that open-source models require sufficient funding to sustain operations, as they are not as profitable as closed-source models. “Building these large models requires massive capital.”
3 minutes ago
A trader bought BRIAN at its peak yesterday, now facing an unrealized loss of nearly 90%.
On-chain analyst Ai Yi (handle @ai_9684xtpa) reports that a trader purchased $179,000 worth of BRIAN at an average price of $0.01311 at yesterday’s peak, and is now facing an unrealized loss of $159,000, with their assets having shrunk by 88.7%.
3 minutes ago
Kuwait Petroleum Corporation says key oil facilities were attacked by Iran.
According to Kuwait News Agency, Kuwait Petroleum Corporation stated that key oil facilities were attacked by Iran, resulting in multiple injuries and heavy losses.
