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.
Coinbase says the rollout makes it the first major crypto-native platform to offer direct native crypto futures in Canada, giving eligible users access to perpetual and dated futures tied to $BTC, $ETH, $SOL and other digital assets.
Filling a Regulatory GapGlobal crypto derivatives volume stands at roughly 4.4 times that of spot trading, yet until now Canadians had no regulated market through which to access those contracts. Before this launch, traders seeking exposure to crypto derivatives were largely forced to turn to offshore or unregulated venues.
The products are offered through Coinbase Financial Markets (CFM), a futures commission merchant registered with the US Commodity Futures Trading Commission (CFTC), operating in Canada under foreign dealer and futures commission merchant exemptions.
What Is on OfferThe initial lineup covers 23 crypto perpetual and dated futures, five commodity futures and the Coinbase 50 (COIN50) Index. Commodity contracts include gold, silver and oil. All contracts are nano-sized to lower upfront capital requirements, with leverage of up to 10 times available and the ability to go long or short. Access is restricted to customers who meet the platform's eligibility requirements.
The Canadian launch is part of Coinbase's broader "everything exchange" strategy, which aims to blend crypto and traditional financial products under one roof. Coinbase Canada has operated as a restricted dealer since April 2024 and is currently pursuing Canadian Investment Regulatory Organization (CIRO) dealer status.
The derivatives rollout comes shortly after Coinbase announced an expanded partnership with Webull in Canada, supplying custody and trading infrastructure behind Webull Canada's crypto offering through its Crypto-as-a-Service platform. The exchange has also been active elsewhere: earlier in 2026 it launched futures for traders in 26 European countries, and in July it secured a MiFID licence in the UK, opening the door to equities and derivatives there as well.
Sources:
CoinTelegraph: Coinbase Launches Crypto Futures With 10x Leverage in Canada
Cryptopolitan: Coinbase Opens Regulated Crypto Derivatives to Canadian Traders
Crypto Economy: Coinbase Introduces Native Crypto Derivatives in Canada Through CFM Approval
An attacker exploited an outdated Rain card contract on Aug. 28, draining approximately $1.1 million from multiple stablecoin card programs operating on Solana, according to blockchain security company Blockaid.
Summary
An outdated Rain Solana contract allowed unauthorized withdrawals from card collateral accounts across multiple programs. Blockaid estimated approximately $1.1 million was stolen, with proceeds later entering Tornado Cash on Ethereum. Avici reported $500,859 drained from 1,685 users, while Tria identified $431,945 affecting 636 customers separately. Rain said every program using the vulnerable contract version was upgraded following the August attack. Self-custodial wallets remained unaffected because the attacker targeted separate contracts holding funded card balances instead. Avici and Tria were among the affected crypto neobanks. The two companies disclosed combined losses of more than $932,800 across 2,321 users. Blockaid said other Rain-supported programs were also exposed, bringing the estimated loss to approximately $1.1 million.
The attacker did not access customers’ self-custodial wallets or private keys. Instead, the exploit targeted collateral contracts holding stablecoins that users had deposited to fund their card balances.
Rain said its monitoring systems discovered a vulnerability affecting a “small number of programs” using an outdated version of its Solana card contract. The company upgraded every program still running the affected version, according to its public statement.
An attacker exploited an outdated Rain contract, draining $1.1M in user card balances from @avici, @useTria, and other crypto neobanks.
Blockaid's Onchain Monitoring gives stablecoin card issuers the capability to detect exploits across their fleet of contract deployments.
Read… pic.twitter.com/vzMQfPkdtT
— Blockaid (@blockaid_) September 2, 2026 The incident adds to wider concerns about contract and operational vulnerabilities. Crypto security failures caused approximately $1.1 billion in losses during the first half of 2026, according to research published by Blockaid.
Rain contract flaw exposed shared card infrastructure Rain provides infrastructure that allows crypto companies to issue cards funded with stablecoins. When customers fund their cards, the deposited assets move into collateral accounts managed through onchain contracts.
These balances are separate from assets held inside customers’ personal wallets. Once funds enter a card collateral contract, their security depends on the infrastructure provider’s code and authorization controls.
Blockaid identified four deployments containing code with the same opcode hash as the vulnerable contract. The security company said the attacker drained at least two deployments. The other two reportedly carried the same vulnerability but had no confirmed losses.
Rain confirmed that an outdated contract caused the incident. However, it has not published a complete technical report identifying every affected deployment or explaining why some programs continued using the older version.
The situation resembles other incidents in which outdated or repeatedly vulnerable infrastructure remained active. In related coverage, attackers exploited the same Verus bridge contract twice within two months, raising similar questions about upgrades across shared deployments.
The Rain incident did not represent a compromise of Solana itself. The blockchain continued processing transactions normally while the attacker exploited application code deployed on the network.
Reused signature bypassed withdrawal controls The outdated Rain contract required two independent authorizations before allowing certain account actions. It used Solana’s Ed25519 verification instructions to confirm the required signatures.
According to Blockaid’s analysis, the attacker manipulated the second verification instruction. Its signature, public key and message offsets pointed back to information contained in the first instruction.
The vulnerable contract therefore accepted one attacker-controlled signature as two independent approvals. This allowed the attacker to satisfy the authorization requirement without permission from the owners of the collateral accounts.
After bypassing the signature check, the attacker used an AddCollateralAdmin instruction to give itself administrative privileges over individual accounts. It then called WithdrawCollateralAsset to transfer USDC and USDT from those accounts.
Blockaid recorded 2,945 administrator additions and 5,288 withdrawal calls. The company identified 8,233 core exploit transactions over approximately two hours and 29 minutes.
The operation proceeded at an automated pace. Blockaid said the first two successful withdrawals occurred three seconds apart, indicating that the attacker had prepared a system for targeting multiple accounts.
Customers did not authorize the malicious transactions. The exploit occurred at the contract level, meaning protections against phishing or malicious wallet signatures would not have prevented these withdrawals.
A different application-level weakness recently exposed another protocol when faulty collateral controls enabled a $75 million DeFi exploit. In both cases, the underlying networks continued operating while application logic allowed unauthorized activity.
Attacker moved funds through deBridge The withdrawn USDC and USDT accumulated in one Solana wallet identified as FVNFzqAny8spWdPmYw6RQ9TkYa29ueFFiqCFD1gQnCEj.
The attacker exchanged the stablecoins for SOL through decentralized trading platforms. Blockaid then traced the proceeds from Solana to Ethereum through the deBridge cross-chain protocol.
Approximately 455.9 ETH entered Tornado Cash between 19:20 and 19:49 UTC, according to Blockaid. Tornado Cash pools deposits and permits withdrawals to addresses that are not publicly connected to the original sending wallets.
The mixer therefore made subsequent movements harder to trace through public blockchain records. Blockaid said the stolen funds had not been recovered after entering Tornado Cash.
The use of cross-chain infrastructure added another stage to the laundering route. Crypto bridges have also become direct targets, with a forged transfer exploit draining $11.5 million from the Verus Ethereum bridge earlier in 2026.
Blockaid connected two Ethereum addresses to the initial financing of the Rain attacker’s Solana activity. Neither Rain nor law enforcement authorities have publicly identified the people controlling those addresses.
The company’s statements about detecting the attack and tracing the funds represent its own findings. Blockaid provides security and monitoring services to crypto companies, including stablecoin card issuers.
Avici and Tria disclose customer losses Avici reported that the attacker removed $500,859.22 from card balances belonging to 1,685 users. The company said it refunded all affected customers and provided 10% cashback following the incident.
Tria disclosed approximately $431,945 in losses across 636 customers. It said in an official update that each affected customer was being reimbursed.
The two disclosures account for $932,804.22 of the estimated losses. Blockaid also named Solayer Pay as an affected program, but no independently verified figure for its losses was available.
The difference between the disclosed Avici and Tria losses and Blockaid’s $1.1 million estimate appears to involve other Rain-supported programs. A complete breakdown has not been published.
Avici’s token fell 49% from its daily high after reports of the exploit emerged, according to market data. The token reached a reported low of $0.217 before partially recovering. Tria’s token also declined by more than 10% at one point.
Those price movements followed public reports of the attack, although broader market conditions may also have influenced trading.
Rain upgrades affected contract deployments Rain said all card programs using the outdated contract had been upgraded. The company reported no additional unauthorized activity after completing the changes.
It also said affected users would be made whole. Rain has not disclosed whether it will reimburse card programs directly or whether individual providers will carry the costs.
Several questions remain unanswered. Rain has not released the vulnerable contract’s full version history, the date the flaw was introduced or the reason older deployments remained active.
The company also has not disclosed whether an audit identified the authorization flaw before the attack. No recovery of the funds deposited into Tornado Cash has been publicly reported.
The episode renews questions about whether periodic audits provide enough protection after contracts enter production. Recent industry research found that institutions increasingly want continuous monitoring alongside traditional security audits, particularly for contracts holding user assets.
A detailed technical report would allow outside researchers to confirm the vulnerability and determine whether similar code remains active elsewhere. Card providers may also review how they track contract versions and limit administrative permissions across shared infrastructure.
Users can retain control of their personal wallets while still facing risks after depositing funds into a card program. The security of those balances depends on the contracts holding the collateral, the provider maintaining them and the operators responding when vulnerabilities emerge.
Backpack US appointed Multicoin Capital cofounder Kyle Samani to its board of directors on Sept. 2 as the company expands its regulated financial services in the United States.
Summary
Backpack US appointed Multicoin Capital cofounder Kyle Samani to its board of directors on Wednesday. Samani stepped back from Multicoin in February while retaining an advisory relationship with the firm. He remains chairman of Forward Industries, a publicly traded company pursuing a Solana treasury strategy. Backpack says the appointment will support its expansion across regulated U.S. and onchain financial markets. Backpack reports serving users across 150 countries and processing more than $450 billion in volume. Samani is an early Solana investor and a longtime supporter of blockchain based capital markets. He stepped back from managing Multicoin Capital in February 2026 but retained an advisory relationship with the venture firm.
The appointment gives Samani a governance role at Backpack US rather than an executive position. Backpack did not disclose his term, compensation, committee assignments or specific responsibilities.
Backpack CEO Armani Ferrante said Samani’s experience with decentralized networks and crypto regulation made him a suitable adviser. Ferrante said Samani understands the company’s plan to connect traditional financial markets with blockchain infrastructure.
Samani brings Solana and venture capital experience Samani cofounded Multicoin Capital in 2017 and helped establish the firm as an early institutional investor in Solana. Multicoin has also backed projects focused on decentralized finance, blockchain infrastructure and crypto trading.
Samani announced his departure from Multicoin’s daily management in February. He said he planned to explore other areas of technology while continuing to advise the firm.
He also remains chairman of Forward Industries, a publicly traded company pursuing a Solana treasury strategy. Forward adopted the strategy after completing a $1.65 billion private placement led by Multicoin, Galaxy Digital and Jump Crypto in 2025.
The strategy is designed to increase the company’s exposure to SOL and expand its SOL holdings per share. Those objectives are corporate targets rather than guaranteed results.
Samani’s Forward Industries position gives him experience overseeing a public company with a digital asset treasury. It also connects him closely to the Solana ecosystem, which remains central to several Backpack products.
Backpack did not explain how it would address potential conflicts involving Samani’s roles at Forward and Multicoin. The company also did not disclose whether he would be excluded from decisions involving Multicoin portfolio companies.
Backpack US focuses on regulated financial products Backpack describes itself as a financial services group connecting crypto markets with traditional finance. Its products include a crypto exchange, a self custody wallet and Backpack Securities.
The company says Backpack Securities combines a regulated brokerage with a tokenization platform. Its stated objective is to provide access to conventional securities and blockchain based asset distribution within one product environment.
Backpack did not identify the U.S. licenses held by each group entity in its appointment announcement. It also did not provide registration numbers or explain which entity would handle brokerage, custody, tokenization and trade execution.
Companies providing securities brokerage services in the United States generally must register with the Securities and Exchange Commission and become members of the Financial Industry Regulatory Authority unless an exemption applies. Specific registrations should therefore be confirmed against official regulatory records as Backpack expands its services.
The company has already followed a regulated expansion strategy in Europe. Backpack acquired FTX EU and assumed responsibility for returning funds to eligible former customers. The company later addressed questions surrounding its purchase of FTX EU.
Backpack subsequently launched its European exchange through a Cyprus based entity operating under the Markets in Financial Instruments Directive framework. That expansion gave the company a regulated route for offering crypto derivatives to eligible European customers.
Equity trading supports Backpack’s broader strategy Backpack said Samani’s appointment followed the launch of continuous trading for several equity products. It named SpaceX, Micron, SanDisk and SK Hynix among the assets available through its services.
The company described its offering as trading in “real” equities alongside a growing range of tokenized stocks. However, the announcement did not provide a complete explanation of the execution venues, custody structure, settlement system or shareholder rights attached to each product.
Those distinctions matter because traditional shares, tokenized shares and price tracking instruments do not always provide identical rights. Depending on the structure, investors may not receive direct voting rights, dividend claims or ownership of the underlying security.
Other crypto platforms are developing similar services. Kraken recently introduced more than 7,000 traditional U.S. stocks for eligible European customers alongside its tokenized xStocks products.
Kraken has also allowed eligible traders to use certain tokenized stocks as collateral for futures and margin positions. The development reflects growing competition among crypto companies seeking to combine securities exposure with blockchain based trading systems.
Samani said the future of capital markets involves combining “institutional risk controls with onchain efficiency and transparency.” His comment represents his assessment of the market’s direction, not a confirmed outcome for Backpack’s products.
Board appointments support Backpack’s U.S. expansion Samani joins a board that also includes former acting SEC chairman Michael Piwowar, whom Backpack appointed earlier in 2026. The appointments add venture capital, public company and securities regulation experience to Backpack’s governance structure.
Backpack said its leadership additions would support the creation of regulated infrastructure connecting traditional and digital assets. It has not announced new product approvals or regulatory licenses resulting from Samani’s appointment.
The company reports serving customers in more than 150 countries and regions and processing over $450 billion in trading volume. These figures come from Backpack and were not accompanied by an independently audited breakdown in the board announcement.
Backpack has not provided a fixed schedule for expanding its U.S. equity or tokenized asset services. It also has not disclosed whether Samani’s appointment is connected to a specific product launch, acquisition or licensing application.
The next relevant updates will involve Backpack’s U.S. registrations, customer eligibility rules and product structure. Further disclosures may clarify which entities handle securities execution, custody and token issuance.
Until then, the appointment represents a governance step supporting Backpack’s stated U.S. strategy. It does not by itself confirm regulatory clearance for additional securities or tokenized asset products.
Ripple (XRP), Cardano (ADA), and Solana (SOL) show mild gains on Thursday, holding at crucial support levels amid easing bullish momentum. The technical outlook for XRP, ADA, and SOL indicates downside risk as the US-Iran war weighs on the broader crypto market.
Ripple pulls back below 200-day EMARipple trades around $1.3685 on Thursday, holding a bullish near-term bias as price advances above the 50-day and 100-day Exponential Moving Averages (EMAs) at $1.2227 and $1.2191, respectively.
Despite this constructive positioning, the 200-day EMA at $1.3827 now acts as the overhead barrier. A confirmed breakout above this level could see XRP extend its recovery toward the August 23 high at $1.5507.
The Moving Average Convergence Divergence (MACD) has moved below its signal line, with a slightly expanding negative histogram, suggesting that upside momentum is softening as the Relative Strength Index (RSI) near 60 approaches the neutral zone from overbought territory.
XRP/USDT daily price chart.On the downside, initial demand is seen around the clustered dynamic supports provided by the 50-day and 100-day EMAs near $1.2227 and $1.2191, with deeper structural support traced back toward the prior breakout area around $1.0573.
Cardano rebounds from key support clusterCardano is up nearly 2% on Thursday, advancing its 2% rise from the previous day. The mild recovery suggests a constructive near-term bullish bias, with price trading above both the 50-day EMA at $0.1925 and the 100-day EMA at $0.1975 while tracking an upward-sloping support trendline around $0.1838.
However, the broader recovery is still capped by the 200-day EMA at $0.2531 overhead, reinforced by an ascending trendline. Cardano must clear above this zone for a sustained recovery toward the February 2 high at $0.2991.
The MACD declines below its signal line and remains marginally above zero, suggesting that upside momentum is waning, while the RSI, at 54, drops from the overbought zone into neutral territory.
ADA/USDT daily price chart.Immediate support is seen at the recent $0.2051 area, with stronger demand clustered around the 100-day EMA at $0.1975 and the 50-day EMA at $0.1925.
Solana is back at $100Solana trades around $100 at press time on Thursday, maintaining a bullish near-term bias as price holds above the 50-, 100- and 200-day EMAs clustered between roughly $83.85 and $93.58, which collectively underpin the broader uptrend.
The RSI at 63 is declining from overbought territory, indicating easing bullish momentum, while the MACD has slipped marginally below its signal line, hinting at waning upside momentum.
The next notable structural barrier is the horizontal resistance line at $116.88, marked by the December 18 low, which would come into focus only if buyers extend the ongoing advance.
SOL/USDT daily price chart.On the downside, immediate support is at the current price level near the $100 psychological threshold, reinforced by the February 1 low at $98.02, followed by the 200-day EMA around $93.58.
(The technical analysis of this story was written with the help of an AI tool. Know more.)
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.
US-based Solana spot ETFs have achieved 11 uninterrupted days of positive net inflows, with $10.9M recorded on September 1 Cumulative ETF net inflows have surged to $1.35 billion, while total assets under management reach $1.39 billion Derivatives trading volume for SOL increased 22% to $9.43 billion, though open interest saw a marginal decline SOL maintains position above critical $95 support zone with potential breakout levels identified at $110 and $120 Technical analyst Wealthmanager projects long-term price objective of $250 contingent on support level maintenance Solana (SOL) is currently changing hands near $99 following a modest correction of approximately 3% over the last 24-hour period. However, this short-term retracement hasn’t diminished the impressive 35% gain SOL has registered across the previous two weeks.
Solana (SOL) Price The cryptocurrency dipped to $99.35 but managed to defend the psychologically significant $100 threshold throughout most of the trading session. Trading activity has been contained within a range of $97.38 to $100.71.
Solana ETFs in the US Achieve 11-Day Consecutive Inflow Streak Exchange-traded funds tracking Solana spot price in the United States have now registered positive net inflows for an unbroken sequence of 11 trading days. September 1 witnessed daily net inflows of $10.19 million, while the prior session contributed $10.9 million.
Aggregate net inflows spanning all available products have climbed to $1.35 billion. Total assets under management across these instruments stood at $1.39 billion, accompanied by $68.55 million in daily trading volume.
Bitwise dominated daily capital attraction with $6.17 million in new inflows, while Fidelity captured $2.67 million. Morgan Stanley contributed $1.36 million to the total, whereas other registered funds reported zero new capital influx for the period.
Bitwise maintains the commanding position among providers, managing $949.83 million in assets with cumulative lifetime inflows reaching $1.03 billion. This sustained streak demonstrates consistent institutional appetite even amid temporary price volatility.
Cryptocurrency market analyst Ali Charts shared insights on X, urging his audience to abandon bearish positioning on Solana. He emphasized that the technical configuration is shifting toward bullish territory and suggested securing positions ahead of the next significant price movement for $SOL.
Solana Derivatives Market Displays Heightened Trading Activity Trading volume in Solana derivatives contracts expanded 22% to reach $9.43 billion, indicating elevated trader engagement. Conversely, open interest contracted 1.40% to $6.47 billion, implying that certain leveraged positions underwent liquidation or closure.
Options contract volume surged 19.30% to $15.18 million. Open interest in options contracts experienced a modest 2% increase to $135.98 million.
The Relative Strength Index currently registers at 62.15, having retreated from previously overbought conditions. The Chaikin Money Flow indicator reads 0.25, signaling continued capital accumulation within SOL.
Solana continues defending the $95 support threshold, which market analysts identify as essential for preserving the current recovery trajectory. A confirmed daily close above $100 would establish a pathway toward the $110 resistance zone.
Successfully breaching $110 with substantial volume could trigger further upside momentum toward the $120 level. Market analyst Wealthmanager identified $250 as a viable long-term objective should SOL successfully validate its previous resistance area as new support following a breakout from the macro downtrend pattern.
On the bearish scenario, failure to hold $95 would expose SOL to downside pressure toward the $90 level. A decisive breakdown below $90 would redirect market attention toward the $80 support zone.
The latest ETF statistics confirmed $10.9 million in net inflows on September 2, extending the remarkable 11-day positive streak.
Solana (SOL) is currently trading around $99, following a modest pullback of 3% over the last 24 hours. Despite this short-term decline, SOL has achieved a robust 35% gain over the past two weeks, maintaining significant momentum in the broader cryptocurrency market.
Solana ETFs sustain multi-day inflow streakExchange-traded funds (ETFs) tracking the Solana spot price in the United States have recorded net inflows for an uninterrupted period of 11 trading days. On September 2, these ETFs registered net inflows of $10.9 million, sustaining the bullish run established earlier in the month.
Total net inflows across all available Solana spot ETF products have reached $1.35 billion, while combined assets under management now stand at $1.39 billion. Daily trading volume for these funds reached $68.55 million.
Bitwise, a leading asset manager in the digital assets sector, secured the largest daily inflow among ETF providers with $6.17 million added. Fidelity followed with $2.67 million, and Morgan Stanley contributed $1.36 million. Other registered funds did not report new capital inflows for the same period.
Bitwise currently manages $949.83 million in assets and has accumulated $1.03 billion in total lifetime net inflows, reinforcing its position as the market leader among Solana spot ETF providers.
ETF ProviderDaily Net InflowTotal AUMTotal Net InflowsBitwise$6.17 million$949.83 million$1.03 billionFidelity$2.67 millionN/AN/AMorgan Stanley$1.36 millionN/AN/AOther funds$0N/AN/AMarket participants have pointed to the persistent inflows as evidence of strong institutional demand for Solana exposure, even amid periods of increased price volatility.
Spot price and technical levels for SOLSOL fell as low as $99.35 during the recent session, briefly testing but ultimately holding above the psychologically important $100 mark. The trading range remained constrained between $97.38 and $100.71 for much of the period, suggesting ongoing consolidation near key support levels.
Analysts regard $95 as a critical support area for SOL. Holding above this level is considered vital for maintaining the current uptrend. A strong daily close above $100 could pave the way for a move towards the $110 resistance zone, with $120 noted as a subsequent target should upward momentum continue.
Derivatives market activity increasesSolana derivatives trading saw a notable 22% rise in volume, reaching $9.43 billion. However, open interest dipped by 1.4% to $6.47 billion, indicating that some leveraged positions were closed or liquidated.
Options trading volume increased by 19.3% to $15.18 million, while options open interest climbed 2% to $135.98 million. The Relative Strength Index now reads 62.15, retreating from recent overbought conditions, and the Chaikin Money Flow indicator stands at 0.25, indicating ongoing capital accumulation in SOL.
Cryptocurrency market analyst Ali Charts assessed the technical outlook and noted a shift toward a bullish configuration. According to his analysis, conditions may favor further upward movement if current support levels are defended.
Cryptocurrency market analyst Ali Charts urged market participants to reconsider bearish views on Solana, highlighting that technical patterns are turning bullish and encouraging traders to position themselves ahead of a potential major price move in $SOL.
Longer-term projections from technical analyst Wealthmanager place a price objective at $250 for SOL if previous resistance levels are validated as new support after a successful breakout from the existing macro downtrend.
In a downside scenario, failure to maintain support above $95 may open the door to further declines, with $90 and $80 acting as potential next support zones.
According to DeFiLlama data, Robinhood Chain’s 24-hour DEX trading volume hit approximately $1.851 billion, marking the sixth consecutive day it has set a new all-time high. Currently, this volume ranks second among all blockchains, trailing only Solana (around $2.531 billion) and outpacing Ethereum (around $1.32 billion), BSC (around $1.181 billion), and Base (around $800 million). Over the same period, Robinhood Chain’s on-chain fees stood at roughly $4.45 million, while its on-chain revenue reached about $4.01 million—both ranking first in DeFiLlama’s chain metrics. Breaking down the figures: Robinhood Chain’s 24-hour Chain Fees totaled around $4.45 million, while the combined fees of Solana, BSC, Ethereum, and Base came to roughly $1.49 million. In terms of revenue, Robinhood Chain’s 24-hour network layer revenue hit approximately $4.01 million, compared to just $288,000 in combined revenue from Base, Solana, Ethereum, and BSC. This means Robinhood Chain’s single-chain daily revenue is roughly 13.9 times the combined total of these four chains. Furthermore, the surging trading activity on Robinhood Chain has caught the attention of wallet projects. OKX Wallet announced today that users trading Robinhood Chain tokens via OKX’s built-in DEX will receive a limited-time full gas fee subsidy. Binance Wallet also announced the launch of a 20% fee reduction promotion for Robinhood Chain today.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Solana (SOL) is currently trading around the $100 mark after a recent rebound from $109, raising questions about whether the digital asset can maintain this support or might retest lower levels. Latest CoinGecko figures indicate that Solana remains in positive territory across multiple time frames, having climbed nearly 37% over the past month.
Market conditions and price historySolana, a blockchain platform known for its high-speed transactions and low costs, has experienced notable volatility in recent years. After the collapse of FTX in 2022, SOL’s price dropped sharply, briefly falling below $10. Despite this downturn, Solana staged a strong recovery, reaching a record high of $293.31. At current levels, SOL’s price remains down by 65.6% compared to this all-time peak.
Solana has shown resilience following significant market setbacks, recording substantial price recoveries despite previous declines linked to broader cryptocurrency turmoil and institutional failures.
The recent price increase for Solana followed Bitcoin’s climb past $80,000, which ignited a broader market upswing. Analysts point to two key developments behind this rally. First, US President Donald Trump hosted a cryptocurrency-focused event at the White House, during which he stated the US government’s intent to purchase a significant amount of Bitcoin and other digital assets. This announcement appeared to bolster investor confidence, benefiting the overall market and SOL in particular.
Additional momentum came from US Treasury bond buybacks, which injected liquidity into financial markets and are believed to have indirectly increased capital flows into the crypto sector.
Mini dictionary: US Treasury bond buybacks, government operations where the Treasury repurchases outstanding bonds from the market, can affect liquidity by increasing cash availability for investors and institutions.
Potential risks: Interest rates and liquidity concernsDespite the rally, market observers caution that a correction may be imminent. Solana could transition to a sideways trading phase, but there remains a significant risk of the price dropping below the $100 threshold. A key factor is the prospect of tighter monetary policy. Federal Reserve Chair Kevin Warsh delivered a hawkish speech at the Jackson Hole meeting, indicating that an interest rate hike is possible this year. Higher rates typically create headwinds for risk assets, including cryptocurrencies such as SOL.
The outlook for Solana will depend on how macroeconomic policy evolves, with rising interest rates and tightening liquidity both presenting possible challenges for digital asset valuations.
In addition, the temporary increase in liquidity from Treasury bond repurchases may be reversed in the near future. Should the Treasury withdraw this excess liquidity, pressure on the cryptocurrency market could intensify.
If Solana loses its $100 support, analysts believe its price may settle around $70, reflecting the volatility and vulnerability of the current market environment.
Price PointsContext$293.31All-time high$109Recent local high$100Current support level$70Potential support if price fallsBelow $102022 post-FTX low
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On September 2, U.S. investor demand for cryptocurrency ETFs was clearly divided, with Bitcoin drawing in new investment, while Ethereum, XRP, and Solana products all saw daily net outflows.
Surge of spot ETF inflowsThe most recent ETF data shows that during the session, Bitcoin spot ETFs saw net inflows of $101.15 million. As a result, their total net assets increased to $97.22 billion, while their cumulative net inflows reached about $54.73 billion. Additionally, daily trading volume for Bitcoin ETFs was approximately $1.73 billion, significantly higher than that of any other category of cryptocurrency ETF.
XRP/USDT Chart by TradingViewThe picture for the main altcoins was significantly worse. Despite maintaining positive 30-day flows of $1.83 billion, Ethereum ETFs saw daily net outflows of $48.08 million. Their total inflows are still around $13.03 billion, indicating that the most recent withdrawal is not as large as the total amount of capital that has been accumulated over time.
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Withdrawals are spikingEvery day, XRP had to deal with an even greater withdrawal. Together, the five XRP ETF products recorded outflows of $57.20 million. Nonetheless, cumulative net inflows are approximately $1.68 billion, and XRP's 30-day figure is still positive at $165.22 million.
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Of the three, Solana had the biggest outflow, losing $6.13 million over the course of the day. Its overall figures are still positive: SOL ETFs have drawn $197.60 million over the past 30 days and roughly $1.34 billion overall.
The divergence indicates that, rather than completely giving up on cryptocurrency ETF exposure, investors are currently viewing Bitcoin as the safer option during a time of uncertainty. Some of this hesitancy is also reflected in price action.
Following its spectacular August surge toward $1.70, XRP is currently trading at $1.36, testing the 200-day moving average at $1.35. If XRP is to avoid the correction continuing toward its 20-day EMA at $1.29, it is crucial to hold onto this level.
As a result, the ETF data shows conflicting results. Although altcoin products are experiencing short-term redemptions, their 30-day flows are still positive. While its biggest rivals moved in the opposite direction, Bitcoin has regained the strongest immediate institutional demand, adding more than $100 million.
Solana’s official podcast *House of Sol* recently interviewed Geoff Kendrick, global head of digital assets at Standard Chartered. Kendrick noted that global monthly stablecoin trading volume has reached roughly $7 trillion, with Solana handling about one-fifth of these transactions. The two also discussed trends in stablecoin payments and settlement by 2026, as well as how different blockchain networks are developing their own application niches. Kendrick further shared progress on enterprise adoption of stablecoins, stating that enterprise use cases will be a key driver for the further mainstream adoption of stablecoins.
Solana hovered close to $100 early Thursday following a sharp rally that met renewed selling, leaving its short-term direction in question. Traders faced a split technical picture, with downside targets near $94.83 and $90.46 as short-term support, while bullish signals emerged on higher timeframes.
Wave 4 correction highlights $94.83-$90.46 support zoneAnalysts at More Crypto Online identified Solana’s recent dip as part of a wave 4 correction after the loss of intraday support and a breakdown below the lower edge of its prior rising channel. The one-hour chart mapped out a potential C wave decline before a renewed push higher within the broader bullish structure.
Solana had recently touched a high near $109 but reversed after failing to sustain the ascending channel that had previously guided its move up. The price fell to approximately $99.45 at the time the technical chart was captured, confirming the break of channel support and prompting an immediate bearish shift.
Clear support levels emerged at $94.83 and $90.46 on the Fibonacci retracement scale. The first marks the 38.2% retracement from the recent move, while the second represents the 50% level. These figures now form a crucial support band for Solana’s ongoing correction phase.
A decisive rebound above $94.83 would increase the likelihood that the wave 4 correction is ending, potentially shifting the trend back in the bulls’ favor. However, regaining the broken channel and retesting the $103 to $107 range is seen as necessary before any further challenge of the $111 resistance level can materialize.
Price LevelSignificance$94.8338.2% Fibonacci, key support for ongoing correction$90.4650% Fibonacci, deeper support if $94.83 fails$103-$107Range to reclaim for bullish momentum$111Major resistance for further advanceA sustained drop through $90.46 could undermine the current wave structure and suggest a risk of deeper corrective losses for Solana in the short term.
Daily chart nears potentially bullish moving average crossoverCrypto Rover, a popular cryptocurrency analyst, called attention to a potential bullish development on Solana’s daily chart as the 50-day simple moving average approaches a crossover above the 100-day average. This technical setup follows Solana’s strong rally from the $70 range and its push past both moving averages.
At the displayed chart values, the 50-day SMA stood at $80.59 while the 100-day SMA was at $80.67. Although the crossover was not confirmed at the time, the narrowing spread hinted that a bullish signal could soon materialize if upward momentum persists.
Solana remained above both moving averages even after its pullback from the $109 peak to around $99, signaling that the daily recovery has stayed largely intact despite short-term pressure.
Confirmation of the crossover would occur if the 50-day SMA rises above the 100-day SMA and Solana continues to hold above its recent breakout. The main immediate obstacle on the upside lies between $104 and $109, followed by the more significant resistance at $111.
This combination of technical signals highlights distinct timeframes: Solana may face further near-term declines to $94.83 or $90.46, yet maintain an overall constructive daily outlook as long as significant support holds.
Solana last traded near $100 early on September 3 after joining a broader retreat among major digital assets during Wednesday’s risk-off shift. Market sentiment appeared steadier on Thursday as global Treasury yields eased, though ongoing geopolitical tensions and expectations for the Federal Reserve continue to shape the backdrop for risk assets such as cryptocurrencies.
Key support for Solana sits between $94.83 and $90.46 as bulls attempt to stabilize the short-term correction, while a pending bullish moving average crossover on the daily chart could signal a resumption of broader upside momentum.
TLDR An outdated Rain Solana contract allowed unauthorized withdrawals from card collateral accounts across multiple programs. Blockaid estimated about $1.1 million was stolen, with proceeds later entering Tornado Cash on Ethereum. Avici reported $500,859 drained from 1,685 users, while Tria identified $431,945 affecting 636 customers. Rain said every program using the vulnerable contract version has been upgraded since the attack. Self-custodial wallets were unaffected because the attacker targeted separate contracts holding funded card balances. An attacker exploited an outdated Rain card contract on Aug. 28, taking about $1.1 million from stablecoin card programs on Solana. Blockchain security firm Blockaid tracked the incident and published its findings.
Rain provides infrastructure that lets crypto companies issue cards funded with stablecoins. Customer deposits move into collateral accounts controlled by onchain contracts.
These collateral accounts are separate from a user’s personal wallet. Their safety depends on the code and controls set up by the infrastructure provider.
Blockaid found four contract deployments sharing the same code as the flawed version. The attacker drained funds from at least two of them.
Earlier today, Rain’s monitoring systems discovered a vulnerability impacting a small number of programs using an outdated version of our Solana contracts. Other programs were not impacted. Rain immediately launched an investigation to determine the full scope of the situation.…
— Rain (@raincards) August 28, 2026
How the Exploit Worked The outdated contract required two separate approvals before certain actions could happen. It used Solana’s Ed25519 verification system to check signatures.
Blockaid said the attacker reused one signature so it looked like two separate approvals. This let the attacker bypass the requirement without permission from account owners.
An attacker exploited an outdated Rain contract, draining $1.1M in user card balances from @avici, @useTria, and other crypto neobanks.
Blockaid's Onchain Monitoring gives stablecoin card issuers the capability to detect exploits across their fleet of contract deployments.
Read… pic.twitter.com/vzMQfPkdtT
— Blockaid (@blockaid_) September 2, 2026
After bypassing the check, the attacker gave itself admin access over individual accounts. It then withdrew USDC and USDT from those accounts.
Blockaid recorded 2,945 admin additions and 5,288 withdrawal calls. In total, it counted 8,233 exploit transactions over about two hours and 29 minutes.
The first two withdrawals happened three seconds apart. This pace suggests the attacker had built a system to target many accounts quickly.
Where the Funds Went The stolen stablecoins were sent to one Solana wallet. The attacker then swapped them for SOL using decentralized exchanges.
Blockaid traced the funds from Solana to Ethereum through the deBridge cross-chain protocol. About 455.9 ETH entered Tornado Cash between 19:20 and 19:49 UTC.
Tornado Cash mixes deposits so withdrawals can’t easily be linked to the original wallet. Blockaid said the funds had not been recovered as of its report.
Two Ethereum addresses were linked to the early funding of the attacker’s Solana activity. Neither Rain nor law enforcement has named who controls those addresses.
Avici said the attacker took $500,859.22 from 1,685 users. The company refunded all affected customers and added 10% cashback.
Tria reported losses of about $431,945 across 636 customers. It said each customer would be reimbursed.
Blockaid also named Solayer Pay as an affected program, though no confirmed loss figure was available for it. The gap between disclosed losses and Blockaid’s $1.1 million estimate has not been fully explained.
Avici’s token dropped 49% from its daily high after news of the exploit spread. It reached a low of $0.217 before recovering some value. Tria’s token also fell more than 10% at one point.
Rain said every program running the outdated contract has been upgraded. The company reported no further unauthorized activity since making the changes.
Rain has not released a full technical report or explained why older contract versions remained in use. It also has not said whether an audit caught the flaw before the attack happened.
Crypto’s marquee NFT marketplace is once again opening its arms to Solana collectibles. After scrapping a beta period for Solana NFTs in 2022, Opensea has re-enabled support for the network’s expansive and diverse range of onchain collectibles.
The return of Solana NFTs to Opensea comes as the network’s collectibles scene embraces exotic RWAs, like TCGs, Watches, and dinosaur bones.
Meanwhile, the NFT OGs of yesteryear are still eagerly awaiting the long-promised launch of Opensea’s native token, $SEA, which was teased back in February 2025.
Solana NFTs Are Heading Back to OpenSea Opensea, an iconic NFT marketplace boasting over $48.9B in cumulative volume, has reopened its doors to Solana-based assets and collections. The announcement comes four years after the venue sunset a beta testing period which initially brought 165 OG Solana collections to NFT’s biggest stage in 2022.
While much of the wider crypto community would argue that NFTs have died forever and we’ll never see the fervor and rampant speculation of 2021, one could argue that the market and technology has simply evolved.
Generative pfp collections, like the Bored Ape Yacht Clubs and Solana Monkey Businesses that broke out into mainstream media in 2021 certainly don’t fetch the high-ticket sales of the past. However, tokenized exotic RWAs, like TCGs, watches, and other collectibles are rapidly emerging as one of crypto’s strongest verticals, with platforms like Collector Crypt witnessing strong demand and rising volumes.
By re-integrating Solana NFTs, Opensea gives its existing EVM userbase greater access not only to Solana’s OG NFT collections, but also to the emerging crop of exotic RWAs and onchain collectibles being pioneered on the network.
OpenSea Traders Still Waiting for $SEA While Opensea’s embrace of Solana was met warmly from all corners of the crypto economy, the platform’s loyal users have had their biggest questions left unanswered. With Opensea taking over the timeline once again, disgruntled users jumped on the opportunity to air their grievances against the company, which promised to airdrop its community back in February 2025.
Opensea users are demanding answers over the lengthy delays of its eagerly-anticipated TGE (Token Generation Event). $SEA was originally expected to be launched in Q1 this year, but the Opensea team ultimately decided to postpone the launch until market conditions improved.
Since then collectors and traders have expressed frustration over ongoing activity campaigns, while others are losing hope that the platform will ever make good on its promise, and the $SEA token will never set out on its maiden voyage.
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Solana just made its transactions a lot roomier. The network’s new V1 transaction format has gone live on testnet, tripling the maximum serialized transaction size from 1,232 bytes to 4,096 bytes. That 3.3x expansion removes a bottleneck that has forced developers to use awkward workarounds for years.
The upgrade, defined by two protocol proposals called SIMD-0296 and SIMD-0385, is designed to natively support zero-knowledge proofs, large multisig transactions, confidential transfers, and BLS signatures, all within a single transaction. Mainnet activation is confirmed for September 9, 2026.
What the V1 format actually changes Solana’s legacy transaction format capped payloads at 1,232 bytes. That’s fine for a simple token swap, but it’s painfully tight for anything involving cryptographic proofs or transactions requiring dozens of signers. Zero-knowledge proofs often produce payloads that simply couldn’t fit. Developers had to split operations across multiple transactions or build custom compression schemes.
The V1 format raises the ceiling to 4,096 bytes. SIMD-0296 handles the size limit increase itself, while SIMD-0385 defines the new v1 message format, which uses a 0x81 version byte and a config mask. One notable trade-off: Address Lookup Table (ALT) support has been removed in the new format. Legacy transactions remain fully supported, so nothing breaks for existing applications.
Timeline and developer tooling Local testing became available starting August 24, 2026, using Solana CLI v4.2+ and Surfpool v1.5+. The testnet activation followed in late August. The September 9 mainnet date gives developers roughly two weeks of testnet runway to catch bugs before the real thing.
Behind the scenes, the upgrade requires meaningful infrastructure work. RPC calls, indexers, and SDKs all need updates to handle the new transaction format. Wallet providers, block explorers, and analytics platforms will need to parse V1 transactions correctly, or risk displaying incomplete data to users.
Why bigger transactions unlock new use cases Confidential transfers, which allow token movements where amounts are encrypted but still verifiable, have been technically possible on Solana but constrained by the old size limit. With 4,096 bytes of headroom, these transfers can be packaged into single atomic transactions.
Large multisig wallets used by DAOs and institutional treasuries also benefit. A multisig requiring 20 or 30 signers could struggle to fit all the necessary signature data within the old 1,232-byte envelope. The expanded format accommodates these scenarios natively.
BLS signatures, a cryptographic scheme that allows multiple signatures to be aggregated into one compact proof, become practical within single Solana transactions for the first time. This has implications for cross-chain bridges and validator-set attestations.
Zero-knowledge proofs are arguably the biggest unlock. Fitting a ZK proof into a single transaction eliminates the need for multi-step verification flows that add latency and complexity.
Competitive positioning and what to watch The upgrade also runs parallel to other protocol enhancements Solana has been pursuing, including slot-time reductions and rent adjustments.
For developers evaluating where to build, the practical question is straightforward: does the new format actually work smoothly on testnet, and do the tooling updates land before mainnet goes live on September 9? Infrastructure providers that fall behind on SDK updates could create a bumpy experience for early adopters, even if the protocol layer performs flawlessly.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
OpenSea has added Solana NFT trading to OS2, giving users access to collections such as Mad Lads and Claynosaurz through its multichain marketplace.
Summary
OpenSea now allows users to browse, buy, sell, and bid on supported Solana NFT collections. The Aug. 31 release extends OS2’s existing Solana services beyond fungible-token trading. Mad Lads, Claynosaurz, Collector Crypt, and Phygitals were available during the initial rollout. OS2 now competes more directly with Solana-focused marketplaces such as Magic Eden and Tensor. OpenSea said in an Aug. 31 announcement that collectors can now browse, purchase, sell, and place bids on supported Solana NFTs through OS2. The launch includes Mad Lads, Claynosaurz, Collector Crypt, and Phygitals, among other collections built on the network.
Within the same interface, collectors can manage Solana NFTs without changing wallets or visiting a separate marketplace, according to the company. Creators using Solana can also list their work for OpenSea users who may already trade assets issued on other blockchains.
Solana token trading was already available through OS2 before the latest release. Adding NFT functions fills a gap in the platform’s support for the network, as users can now trade both fungible and non-fungible Solana assets through one account.
Released publicly in May 2025 after a testing period, OS2 initially offered token trading across 19 chains. The rebuilt platform also introduced cross-chain features, marketplace aggregation and support for tokens alongside the NFT products associated with OpenSea’s original business.
By Aug. 27, OpenSea said its market data covered more than 25 networks. Four days before the Solana NFT announcement, the company connected its market data to Perplexity Computer, allowing the AI service to answer questions about tokens, collectibles and onchain trading activity.
OpenSea co-founder and CEO Devin Finzer described the data used by AI agents as “open, live, and verifiable” when announcing the Perplexity integration. The service can identify heavily traded assets and collections by drawing from current OpenSea activity rather than relying only on token price feeds.
Solana support adds competition for NFT marketplaces For Solana collectors, OpenSea’s release adds another place to trade collections that have largely depended on marketplaces with an established presence on the network. Magic Eden began as a Solana-focused platform before adding support for other ecosystems, while Tensor has built products around professional Solana NFT traders.
OpenSea’s entry creates more overlap among the marketplaces, though the company did not provide trading-volume targets, user projections or market-share estimates for its Solana product. Its announcement focused on access to collections and the ability to use existing wallets across supported networks.
The release also restores a service that OpenSea had tested several years earlier. In April 2022, the marketplace introduced Solana NFT support in beta, making Solana its first supported non-Ethereum Virtual Machine network. The new OS2 implementation brings Solana collections back into the platform more than four years after that initial test.
Competition now extends beyond individual NFT listings because the largest marketplaces have added networks, wallets, and token products to retain users. OpenSea has followed that model through OS2, combining its NFT marketplace with fungible-token trading and products that can pull liquidity from several chains.
Its July 2025 acquisition of Rally Wallet added a mobile-first wallet business focused on NFTs and tokens. OpenSea planned to place Rally’s technology within its product range, while Rally co-founder Chris Maddern joined the company as chief technology officer.
OS2 had launched two months before the Rally transaction with real-time liquidity aggregation and cross-chain functions. The wallet purchase gave OpenSea another route to develop mobile trading without separating token activity from NFT portfolio management.
OpenSea continues adding products beyond NFTs While restoring Solana NFT trading, OpenSea has continued developing services outside its original collectibles market. In June, product executive Zack Brenner asked users about early access to perpetual futures and later indicated that Hyperliquid could supply the infrastructure.
The planned perpetual futures product would place OpenSea closer to crypto platforms that combine spot tokens, derivatives, and rewards. However, the company had not announced a release date or provided final product terms at the time of the report.
Product releases have moved ahead while OpenSea’s SEA token remains delayed. The company introduced SEA in February 2025 and initially expected to release it around March 30, 2026, with proposed uses including governance, reduced trading fees and staking linked to NFT collections.
In March, Finzer postponed the SEA launch and cited difficult market conditions. OpenSea did not provide a replacement date, while users who joined parts of its Waves rewards campaign received an option to recover certain platform fees by giving up associated Treasure Chest rewards.
The token was intended to support OpenSea’s plan for an application covering NFTs, fungible assets and other forms of crypto trading. Solana NFT support advances the product side of that plan without changing the unresolved schedule for SEA.
US regulatory questions remain relevant to OpenSea For US users, access to Solana NFTs comes after the Securities and Exchange Commission ended an investigation into OpenSea without filing charges. The agency had issued a Wells notice in August 2024, indicating that its staff could recommend enforcement action based on the view that some NFTs traded through the marketplace might qualify as securities.
OpenSea said in February 2025 that the SEC had closed the investigation. Finzer called the decision a victory for NFT creators and argued that treating NFTs as securities would misinterpret existing law.
No enforcement case followed the Wells notice, but the closure did not create a general exemption for every NFT or marketplace operating in the United States. The legal status of an individual digital collectible can still depend on how it is issued, marketed, and sold under US securities law.
In April 2025, crypto.news previously reported that OpenSea had asked the SEC to clarify that NFT marketplaces should not be treated as securities exchanges or brokers. The company’s legal team argued that platforms such as OpenSea do not execute transactions, hold customer assets, or act as intermediaries in the same way as traditional securities firms.
Solana’s plan to double its annual disinflation rate has drawn criticism from SOL Strategies CEO Michael Hubbard, who has argued that the network’s current inflation of about 4% to 4.5% does not justify an accelerated reduction.
Summary
SGP-0002 passed with 67% support, narrowly clearing Solana’s two-thirds threshold. Hubbard said the inflation change was rushed and unlikely to produce a measurable effect on SOL’s price. SOL Strategies’ CEO said SGP-0003 passed under the voting rules communicated before ballots opened. The Nasdaq-listed infrastructure company operates Solana validators, staking services and a SOL treasury. Solana inflation cut has come too early, Hubbard says Michael Hubbard, CEO of Solana infrastructure and treasury company SOL Strategies, told crypto.news that the inflation change was premature and had been pushed through before its effects on network participants were fully understood.
SGP-0002, known as Double Disinflation, would increase the rate at which Solana’s inflation falls each year from 15% to 30%. The proposal retained the network’s existing terminal inflation rate of 1.5% but shortened the estimated time needed to reach it from 5.7 years to about 2.8 years.
According to Solana’s final governance tally, SGP-0002 received 176.29 million SOL in support, equal to 67% of participating stake. Another 66.19 million SOL opposed the proposal, while 20.63 million SOL abstained. Participation reached 60.7% of the eligible stake.
The result exceeded the published 66.67% approval requirement by roughly one-third of a percentage point. As previously reported, the proposal could remove an estimated 18.9 million SOL from projected issuance over six years, equivalent to about 2.6% of the supply expected under the existing schedule.
Hubbard said inflation of about 4% to 4.5% was “not that extreme” and rejected the view that issuance was the main force holding back SOL’s market performance. In his assessment, calling inflation the problem offers an overly simple explanation for the token’s price movements.
Staking rewards also remain inside the Solana economy, Hubbard noted, because SOL issued to stakers is commonly restaked rather than sold immediately. Based on that structure, he said cutting issuance would not produce an immediate or easily measured change in SOL’s price.
Galaxy Research raised a related concern before the vote, warning that lower staking rewards could make validator operations less attractive if increased fee income or SOL price appreciation failed to offset the lost revenue. The firm also said frequent changes to established economic parameters could make financial planning more difficult for validators and other businesses.
Hubbard’s company has direct exposure to the issue. SOL Strategies operates Solana validators, provides staking services, and manages a SOL treasury. Its earnings can therefore be affected by staking rewards, validator revenue, and changes in the value of SOL.
SGP-0003 vote has opened a dispute over abstentions Alongside his concerns about inflation, Hubbard questioned how Solana officials interpreted the result of SGP-0003, the Resource and Inclusion Fee proposal.
The official final tally gave SGP-0003 53.9% support, with 18.92% voting against it and 27.18% abstaining. Under the formula displayed in Solana’s current governance documents, abstentions count toward both quorum and the denominator used to calculate approval, leaving the proposal below the required two-thirds level.
Hubbard argued that the calculation method communicated when voting began treated abstentions differently. Under that interpretation, abstentions helped meet quorum but were excluded when calculating the share of decisive votes cast in favor or against.
Excluding abstentions, SGP-0003 secured approximately 74% of the stake that selected either option, enough to exceed the two-thirds requirement. Hubbard therefore considers the proposal approved under the rules participants were originally given, even though he believes rejection may produce a better practical result.
Solana Compass stated before the ballot that SGP-0003 needed 66.67% of the combined “for” and “against” stake and that abstentions would not affect the outcome. An Aug. 9 report on the tokenomics debate also described the calculation as excluding abstentions from decisive stake.
The Solana Constitution currently says the opposite. Article IV states that the approval denominator consists of “For + Against + Abstain,” while the repository’s voting policy repeats that abstaining stake counts as participation without contributing to the “for” tally.
According to Hubbard, applying a different calculation after voting started moved the goalposts for validators and delegators. He said procedural integrity required using the rules presented when the ballot opened, regardless of whether the resulting proposal was good policy.
Resource fees could add costs for Solana applications SGP-0003 supported a redesign of Solana’s transaction charges through SIMD-0553. Solana currently charges a base fee of 5,000 lamports per signature, with half burned and half paid to the block-producing validator.
Under SIMD-0553, transactions would instead carry a 2,500-lamport inclusion fee paid to the block producer and a separate fee based on the computing resources requested. The protocol would burn the resource-based portion in full.
Using network activity from May 2026, the proposal’s authors estimated that daily SOL burns could rise from about 648 SOL to between 1,500 and 1,800 SOL during the first stage. Later stages could increase the estimated range to between 3,750 and 4,500 SOL and eventually between 7,500 and 9,000 SOL.
Hubbard said the model would introduce unnecessary transaction complexity. Resource-heavy applications, trading routers, and order-book operators could face higher costs because fees would depend on how much computing capacity their transactions request.
SOL Strategies’ CEO also raised concerns about the financial interests of the proposal’s supporters. SIMD-0553 was written by Cavey of Temporal, a research and development company that says it built HumidiFi, one of Solana’s dominant proprietary automated market makers.
Hubbard alleged that the proposed fee structure could benefit the associated propAMM while imposing higher costs on direct competitors. No independent transaction-level study cited in his statement established the size of any competitive advantage, making the conflict claim Hubbard’s assessment rather than a confirmed effect of the proposal.
Before the vote, a simulation hosted by Sandwiched.me examined the expected cost for routers, applications, and propAMMs at different resource-fee rates. The dashboard showed that the effect varied according to transaction design, requested compute limits, and whether applications optimized their resource use.
Solana’s earlier inflation vote also divided validators Debate over issuance did not begin with SGP-0002. In March 2025, Solana validators considered SIMD-0228, which proposed replacing the fixed inflation schedule with a rate that responded to staking participation.
Under the model, inflation would fall when a large share of SOL was staked and rise when participation dropped enough to create security concerns. The proposal received 61.39% support but failed to clear the required two-thirds threshold.
Ahead of that ballot, earlier coverage reported that Solana’s annual inflation stood near 4.6% and was already set to decline by 15% each year until reaching 1.5%. Critics warned that a sharp reduction could weaken smaller validators by lowering rewards while fixed hardware and voting expenses remained.
Hubbard’s position differs from supporting the existing inflation level permanently. He said neither SGP-0002 nor SGP-0003 was critical to Solana’s future and described the timing and process as more concerning than the long-term policy goals.
For U.S. investors, the proposals also affect exposure held through SOL Strategies shares. The Canadian company trades on Nasdaq under the ticker STKE and on the Canadian Securities Exchange under HODL, giving American shareholders indirect exposure to Solana validator income, staking activity and the company’s SOL holdings.
According to the company, Hubbard became its full-time CEO in 2026 after serving as interim chief executive from October 2025. SOL Strategies’ Nasdaq listing began under STKE in September 2025, replacing its previous OTCQB trading arrangement.
SGP-0002 has provided a governance mandate rather than an automatic change to issuance. SIMD-0550 still requires validator-client implementation, consistent inflation calculations across clients, and activation through a mainnet feature gate at an epoch boundary. Rewards earned before activation would remain unchanged, while the faster disinflation schedule would apply beginning with the following epoch.
Solana (SOL) is displaying renewed upward momentum as it breaks out of its long-term downtrend, with increasing ETF inflows highlighting growing institutional interest. Analysts are closely monitoring price levels near $100 to gauge market confidence in the cryptocurrency’s recovery.
Momentum builds after breakoutSOL is currently trading at $97.95, with a 24-hour trading volume of $3.1 billion and a market capitalization of $57.32 billion. Although the token has slipped 4.5% in the past 24 hours, technical indicators suggest a potential shift from bearish to bullish sentiment.
Wealthmanager, a digital asset analyst, noted that SOL recently surpassed its long-term macro downtrend. The analyst explained that this move marks a significant change in market structure, putting buyers in a stronger position after prolonged bearish conditions.
Following the breakout, profit-taking by traders may cause SOL to pull back toward its former resistance zone. If this area holds as support, the groundwork for the next upward move could be established, laying the path for higher price targets.
If the previous resistance level flips into support, it could lead to further buying activity and reinforce the positive trend. With momentum still leaning bullish, some analysts now point to $250 as a possible long-term target for SOL.
ETF inflows signal institutional demandData from Solana Floor shows that US-listed Solana ETFs have recorded 11 consecutive days of net inflows, with $10.9 million added on the latest trading day. This steady investment supports the view that institutional demand for Solana exposure remains strong, even as the broader market experiences increased volatility.
ETF MetricLatest FigureStreakNet inflow (latest)$10.9 million11 daysETFs provide traditional investors with a regulated avenue to gain exposure to cryptocurrencies without the need to hold crypto directly. This boost in ETF inflows is seen as a factor supporting growing institutional adoption of Solana.
Mini dictionary: Solana Floor, a data platform focused on tracking Solana-related metrics and market trends, offers insights into investor flows and activity around SOL and associated ETFs.
Uncertainty remains despite positive indicatorsDespite these optimistic signals, SOL has continued a short-term downward movement. Market participants remain cautious, partly due to Bitcoin trading sideways and an overall risk-averse atmosphere in the crypto sector.
Whether SOL can hold its former resistance level as support will be the critical factor guiding its next significant price movement. A successful retest could pave the way toward $250, while failure might prompt further consolidation.
The outlook depends on Solana’s ability to absorb selling pressure and capitalize on positive sentiment generated by ETF activity and technical breakouts.
September 2026 brings another significant round of token unlocks across the Solana ecosystem, with more than a dozen projects scheduled to release additional supply. The month's largest events include $TRUMP, $PUMP, $CARDS, and $YZY, while several other tokens continue predictable linear vesting schedules.
Here is a breakdown of the most notable Solana ecosystem token unlocks scheduled for September 2026.
$TRUMP The Official Trump token will release 28.271 million $TRUMP through linear vesting during September, valued at approximately $60.25 million. The unlock represents 10.35% of the circulating supply and 2.71% of the total supply.
This makes $TRUMP the month's largest unlock by dollar value. The token remains closely linked to the broader crypto business interests of U.S. President Donald Trump, adding another layer of market attention around the supply event.
$PUMP Pump.fun will unlock 6.875 billion $PUMP through linear vesting in September, valued at approximately $28.8 million. The release represents 1.73% of circulating supply and 0.82% of total supply.
September marks the third month of the project's recurring monthly distributions following the expiration of its original 12-month cliff in July.
$CARDS Collector Crypt will unlock 59.26 million $CARDS on September 29, valued at approximately $10.16 million. The release represents 6.35% of the circulating supply and 2.99% of the total supply.
The unlock follows Collector Crypt's confirmation of a major token buyback and burn. Last week, the team confirmed that it had accumulated a total of 22.49 million $CARDS, equivalent to around 5.4% of circulating supply, and subsequently burned the entire amount.
Collector Crypt also crossed $91 million in net revenue in August, less than 3 months after reaching $1 billion in total platform volume. Meanwhile, the $CARDS token turned 1 year old on August 29.
To mark those milestones, Collector Crypt plans to bring back its Gacha Games throughout September. The campaign will feature challenges, competitions, rewards, and other activities across the platform.
$GRASS Grass will unlock 17.13 million $GRASS across September 27, September 28, and ongoing daily vesting. The release carries an estimated value of $7.24 million and represents 2.53% of the circulating supply and 1.71% of the total supply.
The token enters September after spot trading for $GRASS launched on Coinbase on August 26. The new trading venue gives the token broader market access as Grass continues developing its DePIN network and community ecosystem.
$KMNO Kamino will unlock 229.17 million $KMNO on September 30, valued at approximately $5.51 million. The release represents 4.21% of the circulating supply and 2.29% of the total supply.
$KMNO’s unlock schedule produces a steady monthly unlock of approximately 229.16 million $KMNO, excluding other emissions such as community initiatives.
More than 8 billion $KMNO has already been unlocked, representing over 80% of the token's total supply. September's release therefore continues an established distribution pattern.
$CLOUD Sanctum will unlock 10.45 million $CLOUD through linear vesting during September, valued at approximately $207,600. The release represents 1.71% of circulating supply and 1.04% of total supply.
However, the token faces a potentially much larger supply change beyond the scheduled unlock. Sanctum, Solana's largest protocol by DeFi TVL, has proposed burning 259 million $CLOUD tokens. The proposed burn would reduce total supply by roughly 25%, from 1 billion to 741 million tokens.
Sanctum also plans to rename the token ticker from $CLOUD to $SANC. The proposal would not change the token address or its underlying tokenomics.
What to Watch September's unlock schedule centers on several sizeable supply events, with $TRUMP leading the month at approximately $60.25 million, followed by $PUMP at $28.8 million and $CARDS at $10.16 million.
Meanwhile, $GRASS enters the month after gaining Coinbase spot trading access. Sanctum may also introduce one of the month's most notable supply changes if its proposal to burn 259 million $CLOUD receives approval, potentially reducing total supply by roughly 25% before the planned transition to the $SANC ticker.
As always, token unlocks do not automatically determine price performance but provide only one part of the broader market picture. However, tracking the size of each release, its impact on circulating supply, and developments around each project can help investors better understand changing supply dynamics across the Solana ecosystem.
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Solana (SOL) traded near $99.87 after falling 3.8% in the past 24 hours, positioning the token near a significant technical zone as market participants weigh the next direction. Throughout the latest session, Solana’s price fluctuated between $98.44 and $103.50, with the network’s market capitalization hovering around $58.43 billion.
Key zone: $100-$103 support in focusTechnically, Solana faces a decisive battle around the $100 to $103 range. The token briefly climbed above this critical level but quickly pulled back, demonstrating that buyers have yet to confirm the breakout as firm support.
Crypto analyst Ella described $100-$103 as the core reclaim zone after SOL opened at $103.03, rose to $104.36, and then dipped to $98.30. A daily close above this region could weaken the recent breakdown and strengthen the short-term setup.
Sustaining the price above $103 could clear the path for a move to $105 and, eventually, $110. However, if Solana fails to hold $100, the pressure may increase, exposing support at $95-$97 and prompting further consolidation near the breakout area.
A confirmed close above the $100-$103 area would encourage renewed bullish sentiment and could signal that Solana is reclaiming momentum after its latest drop.
Weekly falling wedge and recovery prospectsSolana’s weekly chart features a broad falling wedge pattern formed since its 2025 highs. The token’s price has narrowed between descending support and resistance, with the recent uptick driving SOL towards the zone’s upper boundary.
Analyst CryptoJack observed the wedge as a possible foundation for a longer-term reversal. Falling wedges typically attract bullish attention when prices approach their upper trendline, but a decisive breakout is required for confirmation.
Currently, the wedge’s upper region lies between $100 and $110, making this area critical. Should SOL post a clean breakout, attention may first turn to $120 and potentially expand to a $140-$150 target zone. Conversely, the lower support level sits around $60-$70, highlighting ongoing structural risk if the recent gains fail to hold.
Breakout from 2026 consolidation rangeSolana recently broke out from a multi-month range, having traded for much of 2026 between the $60-$65 floor and resistance at $95-$100. According to analyst Mayne, after breaching this range, Solana is now retesting the former resistance as potential new support.
If the $95-$100 range acts as a new support base, the technical outlook remains positive, possibly fueling a rally toward $120. Otherwise, falling back below this area could see SOL revert into consolidation, stalling upward momentum.
With Solana now retesting the former range ceiling, market focus has sharpened on whether buyers can turn resistance into support before further expansion.
Governance and supply-side changesOn the supply front, the Solana community has passed a proposal to double the network’s disinflation rate to 30%, accelerating the reduction in new SOL issuance. Final voting reached the 66.67% threshold required for approval, a move expected to cut new token creation by around 18.9 million SOL over six years, or roughly $1.47 billion at current valuations.
While this policy shift does not guarantee near-term price gains, it alters Solana’s long-term supply dynamics and could prove especially significant in future bullish periods if expanding network use combines with diminishing token issuance. For now, this development offers a more constructive backdrop supporting technical recovery scenarios—provided SOL remains above $100.
Broader momentum, market structure, and Web3 shiftMomentum for Solana remains positive, driven by a strong advance from summer lows toward the current $100 region. Some consolidation in this area is possible as buyers and sellers battle for control. A daily close above $103 would offer the first sign that buyers are strengthening their position, while further gains would bring $105, $110, and potentially $120 into view, especially if multiple technical signals align.
The broader market context is also evolving, with traditional asset trading rapidly integrating blockchain-based solutions. As technical structures such as falling wedges and key resistance levels draw attention, a parallel trend is underway in capital markets. Wall Street is increasingly embracing Web3, as more investors use platforms like 1stepSwap to directly hold tokenized shares of major U.S. companies, gold, and silver within their crypto wallets. This approach, powered by tokenizing Real-World Assets and optimizing trades for best market prices in real time, is eliminating the need for traditional brokers.
With Solana’s technical setup and reduced supply outlook now intersecting with larger shifts in how investors access assets globally, confirmation around the $100-$103 region has become a focal point for the market. The next daily and weekly closes are likely to determine whether SOL resumes its upward trajectory or slips back into consolidation.
September is shaping up to be a busy month for Solana token holders, with roughly $100 million worth of tokens set to hit the market across three major unlock events. The largest of the three involves the Official Trump token ($TRUMP), which will release 28.271 million tokens valued at approximately $60.25 million through linear vesting.
That release alone represents 10.35% of $TRUMP’s circulating supply and 2.71% of its total supply.
Three unlocks, three different stories The $TRUMP unlock is the headline act, but it’s not performing solo. Pump.fun ($PUMP) is scheduled to release 6.875 billion tokens during September, estimated at around $28.8 million. That figure represents 1.73% of $PUMP’s circulating supply.
This marks the third consecutive month of post-cliff distributions for Pump.fun. Cliff vesting works like a dam: tokens are held back entirely until a set date, then they start flowing. Once the cliff passes, tokens typically unlock on a regular monthly or daily schedule.
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The third notable unlock belongs to Collector Crypt ($CARDS), which will release 59.26 million tokens on September 29, valued at $10.16 million. That accounts for 6.35% of its circulating supply. Unlike the other two unlocks, this one comes paired with what could serve as a counterweight: the project has announced a token buyback and burn to coincide with the release.
A buyback and burn is exactly what it sounds like. The project uses treasury funds to repurchase tokens from the open market and permanently destroy them, reducing total supply.
Why token unlocks matter more than you think When a large chunk of previously locked tokens enters circulation, it increases supply. If demand doesn’t keep pace, prices tend to fall.
The proportional size of the unlock matters enormously. $PUMP’s 1.73% addition to circulating supply is a manageable drip. $TRUMP’s 10.35% is more like opening a fire hydrant. $CARDS sits somewhere in between at 6.35%, though its buyback mechanism adds a variable that’s harder to model.
Beyond these three marquee events, multiple additional projects across the Solana ecosystem are running their own linear vesting schedules throughout September.
The political wildcard $TRUMP occupies a unique position in this lineup. Its market behavior has consistently tracked with US political developments rather than following typical crypto market patterns.
Investors and traders are paying close attention to the $TRUMP unlock for exactly this reason. The combination of a politically charged narrative and a double-digit percentage increase to circulating supply creates conditions where large moves in either direction are plausible.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
According to on-chain data, Robinhood Chain's on-chain fees reached $3.75 million in the past 24 hours, exceeding the total fees of three public chains—Solana, Ethereum Mainnet, and Base—over the same period.
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Holder Count Surges, But Capital Tells a More Mixed StoryThe number of wallets holding tokenized real-world assets more than doubled in a single month. According to data from rwa.xyz, wallet holders rose 101.55% over 30 days to reach 3.18 million. Distributed asset value, which measures capital actively deployed across those wallets, climbed 2.69% over the same period to $38.66 billion. The gap between those two figures is significant: participation is growing far faster than the money behind it.
The picture is more complex when looking at represented asset value, the broader measure of total assets tokenized and tracked on-chain. That figure fell 35.61% across the month to $264.86 billion. Stablecoin value, tracked separately by rwa.xyz, rose 2.49% to $302.7 billion. The divergence suggests the market is attracting more participants, but a meaningful portion of total represented value was redistributed or wound down during the period.
The longer-term trajectory remains firmly upward. Tokenized real-world assets have surpassed $26.4 billion in on-chain value, up from around $6.6 billion a year earlier, according to rwa.xyz, representing a near-fourfold increase. Six asset categories have now passed the $1 billion mark individually: private credit, commodities, U.S. Treasuries, corporate bonds, non-U.S. government debt, and institutional alternative funds.
Solana Leads Inflows as Ethereum Sees Sharpest OutflowsThe 30-day net flow data reveals a clear shift in where tokenized asset activity is settling. @Solana took in $243 million in net RWA inflows, @StellarOrg followed at $157 million, and @Aptos captured $136 million. @0xPolygon added $53 million. This broadly aligns with recent third-party tracking: Solana ranked as the top blockchain for real-world asset net inflows over the past 30 days, pulling in $229 million as of August 31, ahead of Stellar at $179 million and Aptos at $137 million, according to SolanaFloor.
On the other side of the ledger, Ethereum recorded the largest outflows of any chain. The original tweet put Ethereum's outflow at $322 million, with BNB Chain and Avalanche also in negative territory. Ethereum posted the largest net outflow in the same period at $453 million, followed by BNB Chain at $368 million and Avalanche at $245 million, per SolanaFloor data. The variation in figures across trackers reflects differences in methodology and snapshot timing, but the directional consensus is consistent: capital is rotating away from Ethereum and toward faster, lower-cost alternatives for RWA settlement.
Solana's position at the top of the inflows table fits a broader pattern. Solana's RWA ecosystem reached a new all-time high during May 2026, with new highs across value, holders, active addresses, and transfer volume. The chain has attracted a range of asset classes including reinsurance, commodities, and tokenized equities alongside more conventional fixed-income products.
Sources
PYMNTS: Tokenized Real-World Asset Value Jumps Fourfold to $26 Billion
InvesTax: Q1 2026 Real World Asset Tokenization Market Report
Coin Edition: Solana Leads 30-Day RWA Net Inflows per SolanaFloor
TLDR Crypto funds pulled in $3.2 billion last week, the largest weekly inflow since October 2025. BlackRock’s IBIT led the pack with $928 million, adding to $1.3 billion the week before. Ethereum, Solana, XRP, Hyperliquid, and Dogecoin funds all kept their inflow streaks alive. Crypto funds have averaged $1.3 billion in weekly inflows for four straight weeks. Bitcoin funds saw a brief outflow, pointing to a possible shift toward altcoins. Crypto funds took in $3.2 billion last week. This is the biggest weekly inflow the sector has seen since October 2025.
The data comes from The Kobeissi Letter, which tracks fund flows across the crypto market. It shows investors are putting money into both crypto and gold funds at the same time.
BlackRock’s IBIT fund led the way. It brought in $928 million last week alone.
That follows $1.3 billion the week before. Together, IBIT pulled in more than $2.2 billion over two weeks.
Bitcoin was not the only asset getting attention. Ethereum, Solana, XRP, Hyperliquid, and Dogecoin funds also kept their inflow streaks going.
Four Weeks of Steady Inflows Crypto funds have now averaged $1.3 billion in weekly inflows for four straight weeks. That is the strongest four-week pace the market has seen in about ten months.
The steady pace suggests demand has held up over time. It has not been a single spike.
But there is a twist in the data. Money appears to be moving from Bitcoin toward other coins.
A Shift From Bitcoin to Altcoins U.S. Bitcoin funds saw a nine-day inflow streak come to an end. That week, they recorded $202 million in outflows.
Even so, Bitcoin funds still pulled in $925 million for the week overall. IBIT alone brought in $938 million during that stretch.
Ethereum funds told a different story. They saw $824 million in weekly inflows.
An extra $102 million came in on August 28. That extended Ethereum’s inflow streak to 10 sessions in a row.
Solana and XRP funds also picked up fresh money during the same period.
This pattern has led some analysts to suggest investors are shifting toward altcoins. The move appears to be happening ahead of what traders call the “September effect.”
Scott Melker, known online as “The Wolf of All Streets,” commented on the trend. He said, “The bid rotated. It did not reverse.”
US Bitcoin ETFs just snapped a 9-day inflow streak.
Here's what you need to know:
1) US spot Bitcoin ETFs saw $202 million in net outflows on Friday, the first red day in 9 sessions
2) The same week, those funds still took in $925 million
3) BlackRock's IBIT alone took in… pic.twitter.com/kzhxjv4zZx
— The Wolf Of All Streets (@scottmelker) August 31, 2026
His comment points to a change in where money is going, rather than a drop in overall demand.
The latest weekly numbers show crypto funds are still pulling in cash across the board. Bitcoin, Ethereum, Solana, XRP, Hyperliquid, and Dogecoin funds have all posted inflows in recent weeks.
The four-week streak of $1.3 billion in average weekly inflows remains intact as of the most recent data. Whether the rotation from Bitcoin to altcoins continues will depend on flows in the coming weeks.
Remixpoint, a Tokyo-listed energy and digital asset firm, has exited every altcoin on its balance sheet.
In a timely disclosure filed on September 2, 2026, the company confirmed it sold all of its Ethereum, Solana, XRP, and Dogecoin on September 1.
The total proceeds came to ¥878,814,569 (~$5.5 million). After the sales, the firm now holds only Bitcoin, approximately 1,506 BTC, cementing its shift to a pure Remixpoint Bitcoin treasury strategy.
Four Altcoins Sold in One Day, Dogecoin Was the Only Loser The sales covered four assets in a single trading day. Remixpoint sold 901.44 ETH, 13,920 SOL, 1.19 million XRP, and 2.8 million DOGE.
Against a combined book value of ¥761 million, the firm booked a gain of ¥117,772,649 (~$737,000). ETH and SOL carried the bulk of the profit.
XRP came in as a modest gain. Dogecoin was the only position sold at a loss, at ¥3.25 million below cost.
The sale was executed into a turbulent tape. As CoinGape had reported, Bitcoin fell below $77,000 as fresh U.S. military strikes triggered a broad risk-off selloff on September 1.
Despite that backdrop, Remixpoint still closed the altcoin stack in profit relative to its fiscal-year opening book value.
This signals the sales were a planned strategy close-out. Not capitulation.
Meanwhile, other firms are moving in a different direction on the very same assets.
SharpLink has resumed Ethereum accumulation, and Solana treasury firm DFDV resumed SOL purchases as prices climbed above $100.
Remixpoint’s exit makes it an outlier among DAT peers still stacking altcoins.
Remixpoint Joins Japan’s BTC-Only Treasury Wave, But Charts Its Own Course This move places Remixpoint firmly inside Japan’s growing wave of Bitcoin treasury companies. Yet the firm’s path differs from peers like Metaplanet.
Japan’s largest Bitcoin treasury, Metaplanet, recently added 2,823 BTC, while also launching its U.S. Superplanet vehicle and deploying Bitcoin as productive collateral.
Metaplanet is scaling aggressively. Remixpoint, by contrast, sold its altcoin sleeve to fund grid-scale battery projects.
The company’s own disclosure confirms BTC also generated yield during the holding period.
Bitcoin lending between February and August 2026 produced 14.92 BTC, worth approximately ¥164.21 million.
August alone yielded 2.48 BTC (~¥31.15 million). Combined ETH and SOL staking over the same window added ¥29.87 million.
Management’s logic is clear: BTC serves as both the reserve asset and the yield engine. Altcoin staking was not worth the complexity.
The XRP exit is particularly notable given Japan’s regulatory direction. Lawmakers are advancing a bill to treat Bitcoin, Ethereum, and XRP like stocks, which could cut crypto tax toward 20%.
At the same time, SBI Holdings is still expanding XRP rails and gaming firm Gumi is adding both BTC and XRP.
Remixpoint’s XRP exit is one mid-cap treasury de-risking, not a signal that Japan is abandoning the asset.
Globally, the DAT debate is also shifting. Strategy has authorized Bitcoin sales for credit and dividend purposes, though Michael Saylor insists the firm will remain a net Bitcoin buyer.
Smaller Japanese firms like ANAP have also entered the BTC treasury space. Remixpoint’s ¥117.8 million profit will book as Q2 FY2027 revenue, quarter ending September 30, 2026.
Proceeds are directed toward battery storage expansion and strengthening shareholder value.
Our guide compares top decentralized futures exchanges by liquidity and fees.
Robinhood built a chain for tokenized stocks. Meme coin traders took it over, and a launchpad called Pons says it has cleared $4.54 billion in volume in under 2 months.
Pons now runs most token launches on the network. Its own token reached a record high on September 1 and leads the chain by market value.
How Pons Took Over Robinhood Chain LaunchesThe $4.54 billion figure came from Pons’ post on X. The launchpad handled $370.2 million in volume on September 1, according to a Dune dashboard. Launchpads on the network processed $623.1 million combined that day.
That gave Pons 59% of all launch activity on the chain. Rival platform long.xyz placed second with $151.4 million. The lead is not new.
Pons overtook Noxa in mid-July and has held the largest share of daily launchpad volume nearly every day since. Only pools. trade has briefly passed it, in early August.
Launchpad Token Volume Market Share on Robinhood Chain. Source: DuneToken creation is more concentrated still. Launchpads minted 27,802 tokens on August 31, and Pons produced 17,909 of them. The platform counted 106,488 active wallets on September 1.
Fee generation has followed. Bubblemaps put Pons at $4.73 million in fees over 24 hours, citing DefiLlama. That total beat Hyperliquid, Polymarket, and Fomo combined, which reached $4.65 million.
It also topped the combined network fees of Robinhood Chain, BNB Smart Chain, and Solana at $3.46 million. Bubblemaps counted only base network fees for the chains.
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PONS Token Sets Record HighThe volume story has a price story attached. PONS traded at $0.42436 early Wednesday, down 9.82% on the day. Its market capitalization stands at $301.9 million, ranking it 134th.
The token reached a record $0.49328 on September 1. It has gained 1,297.8% over the past month.
PONS Price Performance Over the Past Month. Source: BeInCrypto MarketsDune data ranks PONS above AI and Cash Cat (CASHCAT) by market value. The token’s lead extends beyond that. PONS was also the most traded asset on the chain over the past 24 hours.
PONS drew $62.46 million in volume over 24 hours across 110,827 trades and 9,063 unique wallets.
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The US attack on Iranian targets near the Strait of Hormuz, coupled with a surge in oil prices to a 40-day high, a rise in US 10-year Treasury yields to approximately 4.81%, nearing their highest levels in recent years, and a pricing of around 66-70% probability of a Fed rate hike in September, increased investor anxiety and reduced the attractiveness of risky assets like Bitcoin.
At this point, Bitcoin has fallen to around $76,500, a 2% drop in the last 24 hours. This has also dragged down altcoins, with Ethereum experiencing a 3% decrease, and XRP and Solana both falling by 4%.
While Bitcoin and altcoins are experiencing declines, Wintermute, a prominent market maker in the cryptocurrency market, said that institutional investors have begun to shift towards altcoins following Bitcoin’s strong rise.
Wintermute’s latest report noted that institutional capital is expanding beyond Bitcoin into select altcoins like Solana and XRP.
Record Entries in Solana and XRP Funds! According to Wintermute’s analysis, large investors are quietly buying Solana and XRP.
One of the most important developments highlighted by Wintermute at this point is that fund inflows into Solana and XRP-focused ETFs are expected to reach record levels in 2026.
According to the report, Solana funds received a total of $154 million, while XRP funds received $110 million. Wintermute stated that this development shows that institutional investor interest is not limited to Bitcoin and Ethereum alone, and that capital is expanding towards select altcoins.
However, Wintermute added that this assessment does not mean investors are completely abandoning Bitcoin. The company views the current situation not as a complete exit from Bitcoin, but rather as institutional investors taking positions in some altcoins where they see higher return potential following Bitcoin.
Wintermute concluded by stating that the crypto market has shown unexpected macroeconomic resilience, fully absorbing the impact of the Fed chairman’s hawkish statements and weakness in the US technology sector. In this environment, Bitcoin has stabilized after a strong rally, while institutional money has begun to more actively invest in altcoins.
*This is not investment advice.
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CZ: Some hot money is flowing back from the AI sector to the crypto market, and the crypto industry will not disappear.
Binance founder CZ published a post noting that some "hot money" is flowing back from the AI sector to the crypto market. Currency-related industries will not disappear, as both individuals and AI will still need currency in the future.
36 minutes ago
Ansem: Crypto Market Remains in the Early Stage of a Bull Run, Retail Investors Are Entering with More Capital
Crypto KOL Ansem posted an article stating that the crypto market is still in the early stages of a bull run, and the key to generating returns at this stage is to identify assets with asymmetric upside while tolerating short-term volatility. Over the past two years, rotating between meme coins and new trading pairs has been the dominant strategy, with lower valuation caps leading traders to favor short-term holdings; however, in a bull market, high-quality assets offer greater upside potential, so extending holding periods after careful selection may prove more advantageous. Ansem believes retail investors are entering the crypto market with more capital. The growth of mobile users on Pump.fun and Fomo, as well as Robinhood Chain’s ongoing efforts to convert stock traders to on-chain activities, all indicate that market liquidity may increase in the future. New users pay relatively less attention to market capitalization changes, so tokens that gain widespread traction may receive stronger capital inflows. He also noted that the trend toward short-form video has led fewer and fewer investors to read project whitepapers or research token differences, which in turn creates opportunities for those willing to build a complete investment thesis and exercise patience. However, traders still need to set criteria for when they are wrong, review the reasons for missing out on high-growth assets, and define conditions for re-entering the market after selling too early.
36 minutes ago
Arbitrum DAO generated $6.19 million in revenue in the first half of the year, with Robinhood Chain emerging as a new revenue source.
An unaudited report released by the Arbitrum Foundation shows that Arbitrum DAO generated $6.19 million in revenue in the first half of 2026, with sources including Arbitrum One transaction fees, Timeboost sequencing priority auctions, scaling program licensing fees, and treasury management returns. The protocol’s gross profit margin exceeded 97%, and non-ARB treasury assets stood at $125 million as of the end of June. In H1 2026, Arbitrum processed a total of 478 million transactions, accounting for roughly 18% of its cumulative lifetime total of 2.7 billion transactions; monthly average stablecoin transfer volume surpassed $70 billion, and the number of stablecoin holders rose 40% to 10.5 million. Additionally, Arbitrum has deployed over 2,000 tokenized RWAs. Robinhood Chain, built on Arbitrum’s tech stack, launched its mainnet on July 1, contributing $360,000 in licensing fees to the DAO that month, making up 35% of its monthly revenue. On September 1, Robinhood Chain hit daily fees of $3.75 million, decentralized exchange (DEX) volume exceeding $1.5 billion, and total value locked (TVL) of over $750 million.
36 minutes ago
Agent of "BTC OG Insider Whale": Bitcoin has held the $76,600 support level; if it breaks through $79,000, it could test higher highs.
Garrett Jin, the representative of the "BTC OG Insider Whale", stated in a post that Bitcoin (BTC) has held the critical level of $76,600. If BTC climbs further above $79,000, the price may attempt to form a higher high. However, even if BTC does post a higher high, this would still not be sufficient to confirm a genuine breakout in the market.
36 minutes ago
NVIDIA rises nearly 5%, with its current market capitalization standing at $5.49 trillion.
According to market data from BIT (bit.com), NVIDIA's stock rose 4.82%, with its current market capitalization standing at $5.49 trillion.
36 minutes ago
Making money from FOMO? The peak APR for the JINQIAN liquidity pool (LP) on Uniswap hit 83,832%.
Tonight, the "short squeeze on underlying stocks" narrative surrounding JINQIAN/FAMI on Robinhood’s blockchain has been denied by the parties involved, putting an end to the on-chain hype. However, a review of the entire incident shows that the biggest gains were not only made by top on-chain traders; smart money also reaped substantial profits by setting up JINQIAN trading pair liquidity provider (LP) pools on Uniswap. According to data from Uniswap’s official page, during JINQIAN’s first rally from a $7 million market cap to $60 million, the peak APR of its main trading pair JINQIAN/ETH hit 83,832%, and has since dropped to 79,708%. As of press time, the JINQIAN/USDG trading pair still has a 6% transaction fee, with the pool’s annualized APR reaching as high as 126,440%. This means that if traders bought JINQIAN tokens during the rally, then established liquidity pools at higher price levels, timely collected LP fees, and sold off part of their JINQIAN holdings, their risk-reward ratio would be far higher than that of simply holding JINQIAN tokens. However, current market sentiment has become overly FOMO, and on-chain scams are on the rise. Even setting up LP pools for individual popular meme coins cannot fully avoid risks from token price fluctuations, so users should exercise caution with their investments.
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.
XRP led a $369 million crypto liquidation wave on Wednesday, dropping alongside Ether and Solana amid a scheduled escrow unlock and broader market pressure.Bitcoin fell to $77,200–$77,600, Ether to $2,410–$2,430, and Solana below $100 to $98.47, pulling total crypto market capitalization down to $2.59 trillion–$2.70 trillion.Rising oil prices and Treasury yields pushed Fed rate-hike odds for September 16 to 66%, the main trigger behind the sell-off.The SEC proposed overhauling blockchain transfer agent rules ahead of Congress's Clarity Act, with a September 17 roundtable set to bring in BlackRock, Nasdaq, NYSE and Robinhood on 24/7 stock trading.Wednesday morning, September 2, 2026, began with the cryptocurrency market under heavy pressure as worsening external macroeconomic factors triggered $369.67 million in derivatives liquidations, hitting the largest altcoins.
At the same time, a divergence in capital flows emerged: institutional inflows into spot Ethereum, Solana and XRP ETFs remained positive despite the broader decline in spot prices.
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Meanwhile, the U.S. Securities and Exchange Commission (SEC) initiated a sweeping reform of blockchain infrastructure that directly affects the interests of long-term investors.
At the start of trading, the industry's total market capitalization fell to $2.59–$2.70 trillion, losing around 1.4–2.2% from yesterday's highs and slowing the August uptrend, during which Bitcoin gained 25%.
Crypto liquidation heat map over the past 24 hours led by Bitcoin and Ethereum, Source: CoinGlassThe internal redistribution of capital exposed a split among market participants. According to SoSoValue, despite $236.46 million in outflows from Bitcoin ETFs, regulated Ethereum, Solana and XRP funds demonstrated resilience, closing with net inflows of $10.95 million, $10.19 million and $14.38 million, respectively.
September begins with a long squeeze: How expensive oil triggered liquidations for 90,000 crypto tradersThe market's steep decline over the past 24 hours turned into a large-scale long squeeze, hitting buyers using high leverage. Real-time data from CoinGlass shows that of the $369.67 million in total liquidations, $301.84 million came from long positions.
Short positions, meanwhile, lost $67.83 million.
Most of the forced closures occurred within a narrow time frame: $141.44 million was liquidated over a 12-hour period, while another $82.10 million was wiped out during the final four hours before dawn. In total, exchanges closed the positions of more than 90,000 leveraged traders.
Price movements among the largest assets were distributed as follows:
Bitcoin (BTC) recorded the largest losses in absolute terms, with $111.83 million in liquidations pushing the price down 1.3–1.8% toward the $77,200–$77,600 support zone.Ethereum (ETH) fell by around 2% into the $2,410–$2,430 range, with liquidations reaching $95.39 million. The asset also saw the largest single liquidation of the day: an $11.99 million order on Binance.Solana (SOL) declined by 2–3.5%, falling below the psychologically important $100 mark to $98.47. The total value of forcibly closed positions reached $27.09 million.XRP retreated amid a scheduled escrow unlock, despite a strong backdrop that included $170 million in ETF inflows over the past 11 days and Goldman Sachs joining the ranks of major holders. You Might Also Like
The main trigger for the sell-off was the external macroeconomic backdrop and the shift by global markets into a defensive position amid commodity-related risks. The price of WTI crude oil jumped above $90–$92 per barrel, while the yield on 10-year U.S. Treasury bonds climbed to the current cycle's highs of around 4.78–4.79%.
Performance of WTI crude oil, BTC/USD, and total altcoin market cap, Source: TradingViewBecause of inflationary pressure and rising Treasury yields, market participants raised the probability of a Federal Reserve rate hike on September 16 to 66%, which traditionally reduces demand for risk assets.
The only significant counterweight to the decline was that long-term Bitcoin holders became net buyers for the first time in a month. Several assets also ignored the broader sell-off: Filecoin gained 14–15% amid demand for decentralized AI data storage, while Uniswap rose 11% alongside improving metrics for Aave and Curve.
Congress's feint and 24/7 trading: Why the SEC is moving quickly to take control of tokenizationAmid the current market liquidations, the U.S. SEC moved to seize the legislative initiative from Congress, deciding not to wait for lawmakers to agree on the Clarity Act.
The Commission officially proposed a complete overhaul of the rules governing transfer agents, adapting them to public blockchains, tokenized stocks and artificial intelligence.
By advancing its own strict regulations, the SEC is effectively presenting lawmakers with a fait accompli and preemptively securing control over the emerging digital securities market under its exclusive jurisdiction.
The next key step in implementing this strategy will be a major SEC roundtable scheduled for September 17. The agency is bringing together Wall Street leaders and technology giants, including BlackRock, Citadel Securities, Nasdaq, NYSE, DTCC and Robinhood, to discuss the official launch of round-the-clock trading in traditional stocks.
Participants will be expected to establish working rules for moving the stock market to continuous settlement, including the introduction of overnight supervision, instant clearing systems and protections for retail investors outside regular market hours.
In the long term, this reform will completely erase the infrastructure boundaries between traditional finance and the digital asset industry. Round-the-clock access to trading on a 365 basis will no longer be a unique advantage of cryptocurrencies, as the stock market adopts the same standard, leading to a redistribution of speculative liquidity.
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The largest players are already adapting to the new rules. A banking consortium led by Citi and Goldman Sachs is developing its own dollar-backed stablecoin for 2027, while the London Stock Exchange (LSE), together with Kraken's owners, is testing the transfer of major British stocks onto blockchain rails.
The industry interpreted the regulator's actions as the final recognition of the technology at the government level. Real-world asset tokenization platform Securitize, a BlackRock partner, said the new rules should "raise standards, not lower them" and that updating the regulatory framework to reflect the current evolution of financial markets is "exactly the right move."
ETF Store President Nate Geraci similarly emphasized that major Wall Street players are no longer debating whether crypto will survive. Today, "pretty much nobody is debating" its integration, with the entire discussion focused exclusively on "how it exists or replaces" outdated financial mechanisms.
Interesting thing about Clarity Act, SEC crypto rule making, etc is this…
And I’m paraphrasing from @KristinSmith:
Pretty much nobody is debating whether crypto ends up inside existing financial system (or replaces it).
They’re all working on *how* it exists or replaces it.…
— Nate Geraci (@NateGeraci) September 2, 2026 For investors, these developments form a clear picture. September has historically had a reputation as a weak month for digital assets: since 2013, Bitcoin has closed the month in the red eight times out of 13, with an average return of -3%. The S&P 500 has also declined by an average of 0.6% in September since 1945.
The current pressure on cryptocurrency prices is being intensified by the commodity shock and expectations surrounding fresh U.S. unemployment data due on September 3.
The localized commodity shock is temporarily weighing on prices, but long-term funds continue to increase their positions. The next key benchmark for the market will be the release of the latest U.S. unemployment data, which will determine asset performance through mid-September.
CZ: Some hot money is flowing back from the AI sector to the crypto market, and the crypto industry will not disappear.
Binance founder CZ published a post noting that some "hot money" is flowing back from the AI sector to the crypto market. Currency-related industries will not disappear, as both individuals and AI will still need currency in the future.
35 minutes ago
Ansem: Crypto Market Remains in the Early Stage of a Bull Run, Retail Investors Are Entering with More Capital
Crypto KOL Ansem posted an article stating that the crypto market is still in the early stages of a bull run, and the key to generating returns at this stage is to identify assets with asymmetric upside while tolerating short-term volatility. Over the past two years, rotating between meme coins and new trading pairs has been the dominant strategy, with lower valuation caps leading traders to favor short-term holdings; however, in a bull market, high-quality assets offer greater upside potential, so extending holding periods after careful selection may prove more advantageous. Ansem believes retail investors are entering the crypto market with more capital. The growth of mobile users on Pump.fun and Fomo, as well as Robinhood Chain’s ongoing efforts to convert stock traders to on-chain activities, all indicate that market liquidity may increase in the future. New users pay relatively less attention to market capitalization changes, so tokens that gain widespread traction may receive stronger capital inflows. He also noted that the trend toward short-form video has led fewer and fewer investors to read project whitepapers or research token differences, which in turn creates opportunities for those willing to build a complete investment thesis and exercise patience. However, traders still need to set criteria for when they are wrong, review the reasons for missing out on high-growth assets, and define conditions for re-entering the market after selling too early.
35 minutes ago
Arbitrum DAO generated $6.19 million in revenue in the first half of the year, with Robinhood Chain emerging as a new revenue source.
An unaudited report released by the Arbitrum Foundation shows that Arbitrum DAO generated $6.19 million in revenue in the first half of 2026, with sources including Arbitrum One transaction fees, Timeboost sequencing priority auctions, scaling program licensing fees, and treasury management returns. The protocol’s gross profit margin exceeded 97%, and non-ARB treasury assets stood at $125 million as of the end of June. In H1 2026, Arbitrum processed a total of 478 million transactions, accounting for roughly 18% of its cumulative lifetime total of 2.7 billion transactions; monthly average stablecoin transfer volume surpassed $70 billion, and the number of stablecoin holders rose 40% to 10.5 million. Additionally, Arbitrum has deployed over 2,000 tokenized RWAs. Robinhood Chain, built on Arbitrum’s tech stack, launched its mainnet on July 1, contributing $360,000 in licensing fees to the DAO that month, making up 35% of its monthly revenue. On September 1, Robinhood Chain hit daily fees of $3.75 million, decentralized exchange (DEX) volume exceeding $1.5 billion, and total value locked (TVL) of over $750 million.
35 minutes ago
Agent of "BTC OG Insider Whale": Bitcoin has held the $76,600 support level; if it breaks through $79,000, it could test higher highs.
Garrett Jin, the representative of the "BTC OG Insider Whale", stated in a post that Bitcoin (BTC) has held the critical level of $76,600. If BTC climbs further above $79,000, the price may attempt to form a higher high. However, even if BTC does post a higher high, this would still not be sufficient to confirm a genuine breakout in the market.
35 minutes ago
NVIDIA rises nearly 5%, with its current market capitalization standing at $5.49 trillion.
According to market data from BIT (bit.com), NVIDIA's stock rose 4.82%, with its current market capitalization standing at $5.49 trillion.
35 minutes ago
Making money from FOMO? The peak APR for the JINQIAN liquidity pool (LP) on Uniswap hit 83,832%.
Tonight, the "short squeeze on underlying stocks" narrative surrounding JINQIAN/FAMI on Robinhood’s blockchain has been denied by the parties involved, putting an end to the on-chain hype. However, a review of the entire incident shows that the biggest gains were not only made by top on-chain traders; smart money also reaped substantial profits by setting up JINQIAN trading pair liquidity provider (LP) pools on Uniswap. According to data from Uniswap’s official page, during JINQIAN’s first rally from a $7 million market cap to $60 million, the peak APR of its main trading pair JINQIAN/ETH hit 83,832%, and has since dropped to 79,708%. As of press time, the JINQIAN/USDG trading pair still has a 6% transaction fee, with the pool’s annualized APR reaching as high as 126,440%. This means that if traders bought JINQIAN tokens during the rally, then established liquidity pools at higher price levels, timely collected LP fees, and sold off part of their JINQIAN holdings, their risk-reward ratio would be far higher than that of simply holding JINQIAN tokens. However, current market sentiment has become overly FOMO, and on-chain scams are on the rise. Even setting up LP pools for individual popular meme coins cannot fully avoid risks from token price fluctuations, so users should exercise caution with their investments.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Solana is trading near the key $100 level following a sharp late-August rally, which pushed the asset above several technical resistance zones. The recent surge renewed interest in whether buyers can maintain momentum and hold above previous resistance to support a further price increase.
Solana’s $98-$100 Range Becomes Focal PointTechnical analysis highlights $98-$100 as a critical area for the short-term direction of Solana. A recent breakout propelled SOL above this previously contested price band, but analysts emphasize that this zone now needs to function as support to sustain the asset’s upward trajectory.
Gordon, a market chartist active on X, identified $117 as the next primary resistance should SOL succeed in holding above $98. His analysis notes that $117-$118 previously served as support before Solana’s sharp price fall in February and now presents the first significant upside target in the current recovery.
Gordon’s outlook suggests that, “A return toward $98 could provide the retest needed before SOL challenges $117.”
The technical structure underlines the importance of turning former resistance into support. If Solana maintains price action above $98, it could reinforce the trend, allowing the asset to approach interim levels at $104-$110 before potentially testing the $117 barrier.
However, should SOL fall below $98, this would weaken the bullish structure and likely invalidate the immediate push toward $117, instead opening up a higher likelihood of deeper price consolidation.
On Wednesday, Solana traded close to $100, with session ranges between $98.45 and $104.36, according to data compiled by Investing.com.
LevelCurrent StatusImplication$98-$100New support zoneHold may enable move toward $117$104-$110Interim resistancePossible checkpoint before $117$117-$118Major resistanceTarget if support holdsMacro Downtrend Break Offers Broader OptimismA second, longer-term charting perspective indicates Solana has broken above its descending trendline, which has limited recovery attempts since previous peaks near $250. This break may signal a larger market structure reversal and suggests room for a more sustained upside if major support levels hold.
Wealthmanager, another analyst posting on X, labels Solana’s move through approximately $98 as a market structure shift, indicating a potential end to the persistent bearish trend. In technical parlance, a market structure shift (MSS) signals an underlying change in trend direction.
The analysis does not expect immediate steep gains and instead projects a period of volatility, with the possibility of price visiting the $80-$85 area—a zone identified as deeper structural support—before any renewed bid for higher levels.
Should this lower support area hold, the projections extend to a gradual recovery toward $120-$145, and, in favorable conditions, an eventual approach to the $180-$250 range, though these higher levels remain theoretical for now.
For market participants tracking trend reversals, the $98-$100 confirmation zone and the $80-$85 support region are likely to be closely monitored as critical structural reference points in the coming weeks.
Mini dictionary: Market structure shift (MSS): In technical analysis, this refers to a significant break in a trend-defining price pattern, often indicating the potential start of a new trend direction.
Network Developments and Broader Market ConditionsMacro factors remain a headwind for digital assets, including Solana. A stronger U.S. dollar, higher Treasury yields, and regional geopolitical uncertainty have all contributed to a less favorable risk environment, with major cryptocurrencies like Bitcoin and Ether also experiencing selling pressure this week.
In parallel, Solana’s network is preparing for potential upgrades later in the month. Anza, a key Solana development team, has set a tentative schedule for the Agave v4.3 rollout, including general mainnet adoption as soon as September 21 and planned mainnet-beta features for the Alpenglow upgrade from September 28. Both dates are subject to adjustment.
Based on these technical and fundamental signals, the $98-$100 price range remains the primary area of interest for Solana in the near term. A successful defense could pave the way to $117, while a breakdown would likely signal a broader retest before any renewed rally attempt.
HONG KONG, HONG KONG, September 2nd, 2026, FinanceWire
Crypto SuperApp adds Solana-native liquidity infrastructure while launching a limited rewards campaign for eligible users
Sumex, a Hong Kong-based non-custodial digital asset platform that aggregates centralized and decentralized finance services, has announced an integration with Coffer, formerly known as Cubee, to expand its swap infrastructure and liquidity access across the Solana ecosystem.
Through the integration, Sumex users can access Coffer’s Solana-native liquidity infrastructure through the Sumex SuperApp, adding another liquidity route to the platform’s existing swap aggregation system.
The integration is part of Sumex’s broader effort to connect multiple digital asset services through a single non-custodial interface, allowing users to manage crypto activities across different platforms while maintaining control of their assets.
To mark the integration, Sumex and Coffer are launching a joint swap campaign featuring a total reward pool of $1,000 for eligible participants who complete qualifying activities through the newly available routes.
Expanding Solana Liquidity Access
Coffer is a Solana-based liquidity protocol focused on improving liquidity efficiency across decentralized markets.
The protocol uses a concentrated liquidity approach designed to allocate liquidity toward areas of higher trading activity. According to Coffer, this structure is intended to improve capital efficiency by helping liquidity providers deploy assets more effectively across decentralized markets.
By integrating Coffer’s infrastructure, Sumex adds another Solana liquidity source to its swap aggregation platform.
Sumex compares available swap routes across multiple providers based on factors including expected output, fees, price impact and execution conditions. The company says the addition of Coffer allows users to access additional liquidity options without needing to manually navigate between separate protocols.
Building a Unified Digital Asset Platform
Sumex operates as a non-custodial crypto platform designed to combine portfolio management, trading and decentralized finance access within one interface.
The platform allows users to connect supported centralized exchange accounts, Web3 wallets and other digital asset services through its Connection Manager system.
According to Sumex, the goal is to reduce fragmentation across digital asset services by allowing users to manage different crypto activities through a single platform.
The company says users retain control of their assets while accessing features including portfolio tracking, trading tools, cross-chain swaps and ecosystem reward activities.
$1,000 Swap Campaign Launches
Alongside the Coffer integration, Sumex and Coffer have launched a promotional campaign with a total reward pool of $1,000.
Eligible users can participate by completing qualifying swap activities through Coffer routes available on Sumex.
The campaign is available through the Sumex Rewards Hub and is designed to introduce users to the newly integrated liquidity routes.
Participation requirements, eligibility conditions and reward distribution details are subject to the applicable campaign terms.
Future Liquidity Integration Plans
Sumex said the Coffer partnership may expand beyond swap routing.
The company plans to explore additional integration opportunities involving liquidity pools, which could allow users to access further decentralized finance functionality through the Sumex platform.
Any future features would depend on technical development, availability and applicable platform requirements.
The planned expansion aligns with Sumex’s broader objective of bringing multiple centralized and decentralized finance services into a unified digital asset environment.
About Sumex
Sumex is a non-custodial digital asset platform designed to connect portfolio management, trading, investing and rewards across centralized finance (CeFi) and decentralized finance (DeFi).
Through its Connection Manager infrastructure, Sumex enables users to connect supported exchange accounts, Web3 wallets and digital asset services within one interface.
The platform provides access to features including portfolio management, trading tools, cross-chain swaps and ecosystem participation opportunities.
Website: https://sumex.io/
Telegram: https://t.me/sumex_official
Discord: https://discord.gg/6ZcAGRNkua
X: https://x.com/Sumex_Labs
Disclaimer
Digital assets, cryptocurrency platforms and decentralized finance services involve significant risks, including market volatility, liquidity risks, cybersecurity risks, smart contract vulnerabilities and potential loss of funds.
Participation in cryptocurrency swaps, liquidity programs, reward campaigns or other digital asset activities does not guarantee financial returns.
Users should conduct independent research, review applicable terms and conditions, and evaluate their own risk tolerance before participating in any digital asset-related activity.
Solana validators just pulled off something the network has never done before: passed a binding on-chain governance vote. The proposal, known as SGP-0002 or “Double Disinflation,” squeaked through with 67.001% support, doubling the annual disinflation rate from 15% to 30%. The practical effect is that Solana’s inflation rate will shrink twice as fast, reaching its terminal rate of 1.5% by roughly H1 2029 instead of H1 2032.
An estimated 18.9 million SOL tokens will simply never be minted over the next six years as a result. For a network currently running at approximately 3.82% inflation with around 68% staking participation, that’s a meaningful shift in tokenomics.
A nail-biter with late drama The vote tallied 176.29 million SOL in favor, 66.19 million against, and 20.63 million abstaining. That works out to a 60.7% voter participation rate across 1,326 validators.
The final hours played out with last-minute vote switches reshaping the outcome. Kraken-linked validators, representing about 2% of total vote weight, flipped from opposing the proposal to supporting it. Galaxy validators made an even more dramatic shift, moving from abstention to majority support, adding roughly 1.7% of vote weight to the “yes” column.
The proposal was authored by Helius engineers Lostin and 0xIchigo. Supporting voices included Helius itself and Jupiter. On the other side, Figment and Everstake publicly opposed the change, arguing it would erode staking yields and validator rewards.
What “double disinflation” actually means Solana’s inflation model works on a schedule that decreases by a fixed percentage each year, gradually approaching a floor called the terminal rate. Under the old schedule, that rate was closing at 15% per year. Now it closes at 30%.
The terminal rate itself doesn’t change. It’s still 1.5%. Under the previous trajectory, Solana wouldn’t have hit 1.5% until around H1 2032, roughly 5.7 years from now. The new schedule compresses that timeline to about 2.8 years, targeting H1 2029.
The 18.9 million SOL that won’t be issued represents a 2.6% lower supply trajectory compared to the old plan. That’s not a token burn. It’s tokens that would have been distributed gradually to validators as staking rewards over the coming years.
Why this vote matters beyond the numbers This is Solana’s first successful network-wide binding governance vote. An earlier attempt in March 2025 with proposal SIMD-228 failed to pass. That proposal also sought to modify Solana’s inflation mechanics but couldn’t muster enough support.
The flip side of a 67% vote is that 33% of participating stake actively opposed or abstained. Figment and Everstake operate across multiple proof-of-stake networks, and their concerns about reduced validator economics remain on the record.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Collectors can browse, buy and sell Solana NFTs alongside the network’s fungible tokens, with Mad Lads and Claynosaurz available at launch.
OpenSea has added Solana NFTs to OS2, allowing collectors to browse, buy and sell the network’s digital collectibles through the marketplace.
The August 31 launch expands OpenSea’s Solana offering beyond fungible tokens. The company said collectors can use the platform without switching wallets or visiting multiple marketplaces, while Solana creators gain another venue for reaching buyers.
OpenSea named Claynosaurz, Mad Lads, Collector Crypt and Phygitals among the collections available at launch. Solana NFTs now sit alongside assets from more than 25 blockchains supported by OpenSea.
OS2 Moves Beyond Solana TokensOpenSea’s OS2 release in May 2025 provided fungible-token trading across 19 chains, including Solana. The new NFT support fills out the Solana side of the platform with collection browsing and trading.
The marketplace had previously announced an “initial beta” for Solana in April 2022. That post did not state how many collections the beta covered or describe its trading functions. In its current announcement, OpenSea said users can buy, sell, trade and bid on top Solana collections.
OpenSea’s addition creates more overlap with established Solana marketplaces. Magic Eden’s Solana page features Claynosaurz, Mad Lads and Collector Crypt, while Tensor lists Claynosaurz, Mad Lads and BoDoggos among the collections on its platform.
The marketplace pages reviewed do not provide a direct venue-volume comparison. OpenSea’s rankings page displays columns labeled “1d Vol” and “1d Sales,” Magic Eden shows collection columns for volume and sales, and Tensor displays 24-hour volume and sales by collection. Those pages establish overlapping catalogs and trading activity, but not how much Solana NFT volume each venue executed over the same period.
For collectors, the immediate change is access: OpenSea says Solana NFTs can now be browsed, bought and sold using the wallet and setup they already use on the platform.
After a sharp rise in Bitcoin and altcoins, the trend has recently turned downwards, but a new study published by ARK Invest and Glassnode reveals noteworthy data regarding the decentralization of cryptocurrency networks.
A joint study by Ark Invest and Glassnode has revealed a remarkable picture of the decentralization of the Bitcoin, Ethereum, and Solana networks.
According to this study, in the Bitcoin and Ethereum networks, it is sufficient for three independent actors to act in coordination to reach the level considered a critical threshold. In contrast, Solana requires 19 organizations.
Three Bitcoin Mining Pools Exceed the 51% Threshold! One of the most striking findings of the study concerned the Bitcoin network. The study revealed that Bitcoin requires three organizations each to accumulate enough processing power or stakes to influence block production.
At this point, the critical control threshold for Bitcoin is considered to be 51% of the network’s total mining power.
Research data for 2026 shows Foundry USA with 27.27%, AntPool with 17.06%, and F2Pool with 16.96% of hash power. The combined hash power of these three mining pools is sufficient to surpass the critical 51% threshold.
However, researchers also point out that this data does not mean that Bitcoin is controlled by three companies.
In Ethereum, the Critical Threshold is Three Actors!
In the case of Ethereum, the research uses a different threshold due to the structure of the Proof-of-Stake mechanism. For Ethereum, the critical threshold is considered to be 33% of the total stake amount.
According to the study, the critical threshold on the Ethereum network can only be surpassed by the total stake controlled by the three largest staking organizations. However, this does not mean that Ethereum is directly controlled by these three companies. These staking organizations perform verification on the network by pooling ETH belonging to numerous different users.
The Situation is Different in Solana! The study concluded that, unlike Bitcoin and Ethereum, Solana requires the coordination of 19 independent assets to reach the same critical threshold. At this point, Solana sacrifices decentralization in exchange for higher performance and faster coordination.
The study concluded that even if a particular mining pool or validator constitutes a large share of the network, this does not automatically mean that the operator directly owns all of the underlying hash power or staked assets.
*This is not investment advice.
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