In brief Morgan Stanley launched spot Ethereum and Solana exchange-traded products under the ticker symbols MSSE and MSOL. Both funds will stake a portion of their holdings, with staking rewards passed through to investors. The launch follows a series of crypto initiatives this year, including a Bitcoin ETF, E*TRADE crypto trading, and tokenization plans. Morgan Stanley Investment Management is expanding beyond Bitcoin with the launch of Ethereum and Solana exchange-traded products that will generate staking rewards for investors, the latest step in the Wall Street firm's growing push into digital assets.
Announced on Tuesday, the Morgan Stanley Ethereum Trust (NYSE Arca: MSSE) and Morgan Stanley Solana Trust (NYSE Arca: MSOL) will track the price of Ethereum and Solana, respectively. The company said each fund will charge a 0.14% expense ratio, stake a portion of its holdings, and pass any staking rewards through to investors.
“Since introducing our first ETFs in 2023, we've built a diversified suite of ETFs and ETPs that now exceed $14 billion in assets under management,” Global Head of ETFs for Morgan Stanley Investment Management, Ally Wallace, said in a statement. “The addition of MSSE and MSOL reflects the natural evolution of our product suite, which seeks to provide simplified access to digital assets through the ETP wrapper.”
The launch follows Morgan Stanley's April introduction of its spot Bitcoin Trust. According to the company, the fund had attracted more than $381 million in assets under management through July 16, while its ETF and ETP platform had grown to more than $14 billion across 22 products.
The launch is the latest crypto initiative that Morgan Stanley has announced this year.
Also in April, Morgan Stanley executives said the firm was exploring tokenized money market funds, digital asset tax-management strategies through subsidiary Parametric, and other blockchain-based products.
“We’re not going to stop at just Bitcoin,” Amy Oldenburg, head of digital-asset strategy at Morgan Stanley, previously told Decrypt. “It’s really about the longer-term journey, and there’s quite a long way to go.”
In July, Morgan Stanley rolled out spot Bitcoin, Ethereum, and Solana trading for eligible E*TRADE customers through a partnership with Zero Hash, allowing clients to buy, sell, and hold digital assets alongside stocks and other investments.
Daily Debrief NewsletterStart every day with the top news stories right now, plus original features, a podcast, videos and more.
In brief Morgan Stanley launched spot Ethereum and Solana exchange-traded products under the ticker symbols MSSE and MSOL. Both funds will stake a portion of their holdings, with staking rewards passed through to investors. The launch follows a series of crypto initiatives this year, including a Bitcoin ETF, E*TRADE crypto trading, and tokenization plans. Morgan Stanley Investment Management is expanding beyond Bitcoin with the launch of Ethereum and Solana exchange-traded products that will generate staking rewards for investors, the latest step in the Wall Street firm's growing push into digital assets.
Announced on Tuesday, the Morgan Stanley Ethereum Trust (NYSE Arca: MSSE) and Morgan Stanley Solana Trust (NYSE Arca: MSOL) will track the price of Ethereum and Solana, respectively. The company said each fund will charge a 0.14% expense ratio, stake a portion of its holdings, and pass any staking rewards through to investors.
“Since introducing our first ETFs in 2023, we've built a diversified suite of ETFs and ETPs that now exceed $14 billion in assets under management,” Global Head of ETFs for Morgan Stanley Investment Management, Ally Wallace, said in a statement. “The addition of MSSE and MSOL reflects the natural evolution of our product suite, which seeks to provide simplified access to digital assets through the ETP wrapper.”
The launch follows Morgan Stanley's April introduction of its spot Bitcoin Trust. According to the company, the fund had attracted more than $381 million in assets under management through July 16, while its ETF and ETP platform had grown to more than $14 billion across 22 products.
The launch is the latest crypto initiative that Morgan Stanley has announced this year.
Also in April, Morgan Stanley executives said the firm was exploring tokenized money market funds, digital asset tax-management strategies through subsidiary Parametric, and other blockchain-based products.
“We’re not going to stop at just Bitcoin,” Amy Oldenburg, head of digital-asset strategy at Morgan Stanley, previously told Decrypt. “It’s really about the longer-term journey, and there’s quite a long way to go.”
In July, Morgan Stanley rolled out spot Bitcoin, Ethereum, and Solana trading for eligible E*TRADE customers through a partnership with Zero Hash, allowing clients to buy, sell, and hold digital assets alongside stocks and other investments.
Daily Debrief NewsletterStart every day with the top news stories right now, plus original features, a podcast, videos and more.
Morgan Stanley Investment Management has introduced new exchange-traded products tracking Ethereum and Solana, marking another major move in the firm’s growing digital asset portfolio.
New Ethereum and Solana ProductsThe Wall Street giant unveiled the Morgan Stanley Ethereum Trust (MSSE) and the Morgan Stanley Solana Trust (MSOL) on Tuesday, both listed on NYSE Arca. Each fund closely tracks its underlying asset and features a 0.14% expense ratio.
In a departure from traditional spot offerings, both MSSE and MSOL will stake portions of their holdings, passing any staking rewards directly to shareholders. This adds an additional layer of potential return for investors.
Since introducing our first ETFs in 2023, we’ve built a diversified suite of ETFs and ETPs that now exceed $14 billion in assets under management. The addition of MSSE and MSOL reflects the natural evolution of our product suite, which seeks to provide simplified access to digital assets through the ETP wrapper.
Morgan Stanley Investment Management, a division of Morgan Stanley, offers a vast range of investment products and solutions, managing assets globally for a variety of clients.
Mini dictionary: NYSE Arca, an electronic securities exchange in the United States, is known for trading exchange-traded funds and products with a focus on innovation and liquidity.
Staking and Investor ReturnsBy integrating staking features, these new funds allow investors to benefit from on-chain rewards typically earned by network validators. Unlike standard exchange-traded products, staked assets can generate additional income, which is distributed to investors participating in the funds.
The addition of staking may appeal to institutional and retail clients looking for passive yield opportunities within regulated structures.
Expanding Digital Asset OfferingsMorgan Stanley’s expansion into Ethereum and Solana follows its launch of a spot Bitcoin Trust in April. That product quickly attracted over $381 million in assets under management as of July 16. The firm’s broader ETF and ETP platform has now surpassed $14 billion across 22 products.
FundAsset TrackedExpense RatioStakingLaunch DateMSSEEthereum0.14%YesJuly 2024MSOLSolana0.14%YesJuly 2024Bitcoin TrustBitcoinVariesNoApril 2024The company previously indicated its intention to push beyond Bitcoin. Amy Oldenburg, head of digital-asset strategy at Morgan Stanley, remarked on the firm’s plans for further digital asset integration, emphasizing a long-term approach and broadening product range.
We’re not going to stop at just Bitcoin. It’s really about the longer-term journey, and there’s quite a long way to go.
Executives have confirmed ongoing exploration of other innovations, such as tokenized money market funds and tax management strategies involving Morgan Stanley’s subsidiary, Parametric, as well as increased use of blockchain technology in traditional finance products.
In July, the company broadened its digital reach by partnering with Zero Hash to provide spot trading in Bitcoin, Ethereum, and Solana for eligible E*TRADE brokerage customers, allowing users to manage crypto alongside stocks and other investments.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Morgan Stanley expands crypto lineup with Ether, Solana ETPsThe new exchange-traded products track Ether and Solana, offer staking rewards and follow the firm’s Bitcoin fund launched earlier this year.
Morgan Stanley Investment Management has launched Ether and Solana exchange-traded products, expanding its fund lineup beyond Bitcoin.
The Morgan Stanley Ethereum Trust (NYSE Arca: MSSE) and Morgan Stanley Solana Trust (NYSE Arca: MSOL) seek to track the performance of Ether (ETH) and Solana (SOL), respectively, using the CoinDesk Ether Benchmark 4PM NY Settlement Rate and CoinDesk Solana Benchmark 4PM NY Settlement Rate.
Both funds carry a 0.14% expense ratio and intend to stake a portion of their holdings, with staking rewards passed through to investors. Morgan Stanley said it will not retain any portion of the staking rewards earned by either fund.
The launch follows Morgan Stanley’s rollout of spot cryptocurrency trading on its E*TRADE platform earlier this month, allowing eligible clients to buy, sell and hold Bitcoin, Ether and Solana through a partnership with crypto infrastructure provider Zero Hash.
In April, Morgan Stanley launched the Morgan Stanley Bitcoin Trust (NYSE Arca: MSBT), becoming the first major US commercial bank to offer a spot Bitcoin ETF. The fund had more than $381 million in assets under management as of July 16, according to the company.
Magazine: Here’s why the CLARITY Act’s ethics deal may be so hard to reach
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Morgan Stanley expands crypto lineup with Ether, Solana ETPsThe new exchange-traded products track Ether and Solana, offer staking rewards and follow the firm’s Bitcoin fund launched earlier this year.
Morgan Stanley Investment Management has launched Ether and Solana exchange-traded products, expanding its fund lineup beyond Bitcoin.
The Morgan Stanley Ethereum Trust (NYSE Arca: MSSE) and Morgan Stanley Solana Trust (NYSE Arca: MSOL) seek to track the performance of Ether (ETH) and Solana (SOL), respectively, using the CoinDesk Ether Benchmark 4PM NY Settlement Rate and CoinDesk Solana Benchmark 4PM NY Settlement Rate.
Both funds carry a 0.14% expense ratio and intend to stake a portion of their holdings, with staking rewards passed through to investors. Morgan Stanley said it will not retain any portion of the staking rewards earned by either fund.
The launch follows Morgan Stanley’s rollout of spot cryptocurrency trading on its E*TRADE platform earlier this month, allowing eligible clients to buy, sell and hold Bitcoin, Ether and Solana through a partnership with crypto infrastructure provider Zero Hash.
In April, Morgan Stanley launched the Morgan Stanley Bitcoin Trust (NYSE Arca: MSBT), becoming the first major US commercial bank to offer a spot Bitcoin ETF. The fund had more than $381 million in assets under management as of July 16, according to the company.
Magazine: Here’s why the CLARITY Act’s ethics deal may be so hard to reach
Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.
Solana [SOL] traded near $74 on July 28 after another rejection at the $78 resistance level, bringing the key $72 support zone back into focus.
The recent sell-off has weakened SOL’s short-term technical structure. At the same time, elevated derivatives activity points to the potential for larger price swings. However, steady network usage and growing stablecoin liquidity suggest the broader ecosystem remains resilient.
Sellers remain in control below $78 The 12-hour SOL/USD chart shows SOL has continued to print lower highs since peaking near $82 earlier in July.
Each attempt to reclaim $78 has been rejected, with the latest decline accompanied by one of the largest red volume bars on the chart.
The Accumulation/Distribution indicator also moved sharply lower, suggesting selling pressure intensified during the latest move.
Although SOL bounced from $72.57 to around $74.26, the recovery came on relatively light volume, indicating buyers have yet to regain control.
The immediate support remains between $72 and $73. A decisive break below that area could expose $68, where buyers previously stepped in during June.
For the bearish outlook to weaken, SOL would need to reclaim $76 before securing a daily close above $78.
Derivatives market could amplify the next move Solana’s derivatives market continues to outweigh activity in the spot market.
CoinGlass data showed approximately $4.62 billion in open interest alongside $7.04 billion in 24-hour futures volume, compared with roughly $422.71 million in spot trading volume.
The platform also recorded around $16.65 million in liquidations over the past 24 hours.
That imbalance highlights how heavily leveraged positioning continues to influence SOL’s price action. If support or resistance gives way, derivatives positioning could accelerate the next move in either direction.
Network activity remains a constructive signal Despite the weaker price action, Solana’s on-chain metrics remain relatively healthy.
According to DeFiLlama, the network processed around $9.83 billion in decentralised exchange volume over the past seven days, down 4.74% from the previous week.
Daily active addresses remained near 2.16 million, while Solana’s stablecoin market capitalisation rose 9.85% over the same period to approximately $16.65 billion.
Those figures suggest liquidity and user activity remain resilient even as SOL struggles to regain upside momentum.
The answer may depend on whether strong network activity begins translating into renewed buying interest.
For now, technical indicators continue to favour sellers. At the same time, leveraged positioning leaves SOL vulnerable to sharper swings if the current range breaks.
Source: TradingView If buyers successfully defend $72-$73, Solana could attempt another move towards $78. However, a decisive break below $72 would increase the likelihood of a retest of $68, with the much-discussed $60 level becoming a more realistic downside target only if that support also fails.
Final Summary SOL remains under technical pressure after another rejection below $78, leaving the $72-$73 support zone as the key level to watch. Strong network activity and rising stablecoin liquidity provide a constructive backdrop. Still, derivatives positioning could magnify SOL’s next move, whether up or down.
Morgan Stanley has launched two spot exchange-traded funds (ETFs) offering investors exposure to Ethereum (ETH) and Solana (SOL), expanding the firm's range of cryptocurrency investment products.
Morgan Stanley rolls out ETFs for Ethereum and SolanaThe Morgan Stanley Ethereum Trust (MSSE) and Morgan Stanley Solana Trust (MSOL) have begun trading on the NYSE Arca, providing exposure to the spot prices of Ethereum (ETH) and Solana (SOL).
Both ETFs carry an expense ratio of 0.14% and intend to stake a portion of their respective ETH or SOL holdings to earn staking rewards. Morgan Stanley noted that it will not retain any portion of the rewards generated by either fund.
MSSE will seek to track ETH's performance using the CoinDesk Ether Benchmark 4 PM NY Settlement Rate, while MSOL will track SOL's performance using the CoinDesk Solana Benchmark 4 PM NY Settlement Rate.
The launch expands Morgan Stanley's cryptocurrency ETF offering following the introduction of the Morgan Stanley Bitcoin Trust (MSBT) earlier this year. The Bitcoin ETF, which was the firm's first cryptocurrency ETF, held more than $381 million in assets under management as of July 16.
With the addition of MSSE and MSOL, Morgan Stanley now offers ETFs linked to BTC, ETH and SOL, three of the largest digital assets by market cap.
Morgan Stanley's low fees could boost its altcoin productsBloomberg senior ETF analyst Eric Balchunas commented on the launch, citing Morgan Stanley's extensive distribution network and the low fees on the new funds.
Balchunas noted that the 0.14% sponsor fee makes both ETFs the cheapest spot products in their respective categories. He also highlighted Morgan Stanley's reach across the wealth management industry, arguing that the firm's scale could make the launches significant for the broader crypto ETF market.
"[In my opinion], Morgan Stanley is biggest ether and sol launch since the initial ETFs (just as their bitcoin launch was more notable since IBIT) simply [because] of their sheer size and reach," Balchunas wrote in a post on X.
Morgan Stanley's Global Head of ETFs, Ally Wallace, said the new products are part of the firm's broader expansion of its ETF offering.
“The addition of MSSE and MSOL reflects the natural evolution of our product suite, which seeks to provide simplified access to digital assets through the ETP wrapper,” Wallace said in a Tuesday statement.
The firm added that its ETF products have grown to more than $14 billion in assets under management since it introduced its first ETFs in 2023.
The launch comes as asset managers continue to expand access to regulated investment products tied to digital assets.
ETH and SOL are trading at $1,918 and $74.16, down 1% and 1.6%, respectively, over the past 24 hours at the time of writing.
Crypto ETF FAQs An Exchange-Traded Fund (ETF) is an investment vehicle or an index that tracks the price of an underlying asset. ETFs can not only track a single asset, but a group of assets and sectors. For example, a Bitcoin ETF tracks Bitcoin’s price. ETF is a tool used by investors to gain exposure to a certain asset.
Yes. The first Bitcoin futures ETF in the US was approved by the US Securities & Exchange Commission in October 2021. A total of seven Bitcoin futures ETFs have been approved, with more than 20 still waiting for the regulator’s permission. The SEC says that the cryptocurrency industry is new and subject to manipulation, which is why it has been delaying crypto-related futures ETFs for the last few years.
Yes. The SEC approved in January 2024 the listing and trading of several Bitcoin spot Exchange-Traded Funds, opening the door to institutional capital and mainstream investors to trade the main crypto currency. The decision was hailed by the industry as a game changer.
The main advantage of crypto ETFs is the possibility of gaining exposure to a cryptocurrency without ownership, reducing the risk and cost of holding the asset. Other pros are a lower learning curve and higher security for investors since ETFs take charge of securing the underlying asset holdings. As for the main drawbacks, the main one is that as an investor you can’t have direct ownership of the asset, or, as they say in crypto, “not your keys, not your coins.” Other disadvantages are higher costs associated with holding crypto since ETFs charge fees for active management. Finally, even though investing in ETFs reduces the risk of holding an asset, price swings in the underlying cryptocurrency are likely to be reflected in the investment vehicle too.
RWAs Higher Than Any NetworkAccording to 21Shares investment strategist Max Michielsen, Robinhood Chain now has roughly 328,000 holders of tokenized RWAs, more than any other blockchain network.
The milestone comes less than a month after the network’s mainnet launch.
Tokenized assets on the chain nearly doubled over the past week to around $24 million, excluding stablecoins, while the number of listed assets climbed to 97.
Robinhood can promote blockchain-based financial products directly to approximately 28 million funded brokerage accounts.
"Distribution is the product now, and Robinhood is demonstrating how quickly it compounds," the strategist added.
Robinhood Chain initially generated attention through meme coin trading, recording more than 17 million transactions and over $1 billion in decentralized exchange volume during its first week.
Activity surged after CEO Vlad Tenev said the network "works well for memes," helping trigger a short-lived memecoin rally.
CASHCAT, a token based on Robinhood’s original mascot, jumped between 700% and 962% following the post before subsequently declining.
Deposits Rise While Trading SlowsRobinhood Chain’s total value locked has continued climbing without a daily decline and currently stands at around $325 million, The Block reported citing DefiLlama data.
However, most measures of network activity peaked during the second week and have since weakened.
DEX volume witnessed a drop of 27% from the previous week, while daily active accounts fell 7% to an average.
Meanwhile, trading volume per active account declined to about $2,000 from a peak of approximately $2,800 two weeks earlier.
The chain’s turnover ratio, calculated by dividing DEX volume by TVL, dropped from 9.25 times during the second week of July to 1.68 times by last Friday.
That suggests capital is entering the network faster than it is being actively traded.
The trend may reflect demand for Robinhood Earn, which offers an estimated 7% annual percentage yield on the USDG stablecoin, rather than organic trading demand.
Image: Shutterstock
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Clear Creek Financial Management, a Wall Street investment advisory firm with over $1.5 billion in assets under management (AUM), has revealed its crypto ETF investments. It has products pegged to Bitcoin (BTC), Ethereum (ETH), XRP and Solana (SOL) in its latest filing of Form 13F with the U.S. Securities and Exchange Commission (SEC).
Wall Street Firm Discloses Bitcoin, ETH, XRP, SOL Holdings The filing reflects the firm’s biggest crypto investment as the Bitwise Bitcoin ETF. It holds 304,155 shares, which valued at $9.69 million at the close of the reporting period. Clear Creek also held shares in the iShares Bitcoin Trust ETF, holding $477,412 worth of the fund, and the Grayscale Bitcoin Trust ETF, which has $248,539 worth of holdings.
Ethereum was also the second largest allocation of the firm’s crypto ETF. The filing revealed 337,162 shares of the Bitwise Ethereum ETF valued at $3.80 million. It also had 14,336 shares worth $170,455 of the iShares Ethereum Trust and 21,374 shares of the Grayscale Ethereum Staking ETF, valued at $321,251.
In addition to the two biggest cryptocurrencies, Clear Creek also had stakes in XRP and Solana ETFs. According to the filing, the firm held 11,621 shares of the Bitwise XRP ETF, which currently have a value of $135,501.
The investment manager stated he had 11,258 shares of the Bitwise Solana Staking ETF with a value of $112,693 in addition to 28,144 shares of the Grayscale Solana Staking ETF valued at $155,636 worth.
The filing comes as institutional interest in crypto ETFs expands. Moreover, the latest 13F filing reveals that Clear Creek Financial Management has a crypto strategy beyond Bitcoin and Ethereum as it is also holding XRP and Solana investment products.
Morgan Stanley Brings Spot Ethereum and Solana Products to MarketMorgan Stanley Investment Management has officially launched two spot crypto exchange-traded products on NYSE Arca: the Ethereum Trust (MSSE) and the Solana Trust (MSOL). The two funds went live on July 28, providing investors with spot price exposure to $ETH and $SOL directly through an exchange-listed vehicle.
Both trusts offer exposure to the spot price of their underlying assets, alongside additional distributions from staking yields, and come to market with expense ratios of 14 basis points (0.14%). That fee represents the lowest disclosed rate in each respective market.
MSSE intends to stake between 50% and 80% of its underlying ETH, targeting a base network reward rate of around 1.7%, while MSOL plans to stake 100% of its SOL holdings, given Solana's higher network reward rate of approximately 3.4%. In both cases, 95% of those network rewards are distributed back to shareholders.
Building on Bitcoin Trust SuccessThe expansion into $ETH and $SOL follows the performance of the Morgan Stanley Bitcoin Trust (MSBT), which has maintained strong inflows even as many spot Bitcoin ETFs faced cooling demand and net outflows, adding $430.86 million in new assets since its April inception.
Each trust passively tracks the spot price of its respective asset using the CoinDesk benchmark rate settled at 4pm New York time, and does not use leverage, derivatives, or speculative trading techniques. The Bank of New York Mellon and Coinbase Custody serve as custodians for the Ethereum product. For the Solana Trust, staking is conducted through Figment, Galaxy Blockchain, and Coinbase Canada.
MSSE and MSOL are positioned to leverage Morgan Stanley's wealth advisor network and direct-to-consumer retail channel to drive fee-based inflows rather than relying solely on market sentiment. The launches mark a significant step in Wall Street's continued push into regulated digital asset products.
Sources:
ETF Trends: Morgan Stanley Launches New Spot Crypto ETFs
CoinPaprika: Morgan Stanley Targets ETH and SOL ETF Lead With 0.14% Fees
CryptoRank: Morgan Stanley Advances Ethereum and Solana ETF Plans With Updated SEC Filings
Morgan Stanley has launched new ETFs focused on Ethereum and Solana, offering the lowest fees in the market alongside staking rewards. These spot crypto ETFs hold ETH and SOL directly, differentiating them from futures-based alternatives. The introduction of staking capabilities allows the funds to earn network rewards, with 95% of these rewards returning to the funds, enhancing their appeal to investors. This development is seen as a significant step in the evolution of institutional crypto products, reflecting a broader trend toward yield-bearing investment options.
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In the context of prediction markets, this announcement appears to influence expectations around Ethereum’s future price. The market for Ethereum reaching $10,000 by the end of 2026 reflects slightly increased optimism, with odds showing a modest uptick. While current pricing suggests a low probability for Ethereum hitting this target, the launch of these ETFs could indicate growing institutional interest and potential upward pressure on Ethereum’s market value.
Key Takeaways Morgan Stanley’s launch of Ethereum and Solana ETFs appears to support increased institutional participation in crypto markets. The inclusion of staking rewards could enhance the attractiveness of these ETFs, potentially influencing Ethereum’s price trajectory. Market pricing suggests a slight increase in confidence regarding Ethereum’s prospects, though significant hurdles remain for reaching higher price targets. What to Watch Market participants will be observing the inflow levels into these new ETFs and their impact on Ethereum and Solana’s market dynamics. Attention will focus on whether these products stimulate broader institutional interest in cryptocurrencies, potentially driving price increases. Developments such as regulatory approvals for additional crypto ETFs, changes in staking participation rates, or shifts in market sentiment could further influence the outlook for Ethereum and Solana prices.
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Term Structure
Contract Odds Δ since publish Volume 24h December 31, 2026 1.8% — — View market → December 31, 2026 2.6% — — View market → December 31, 2026 2.6% — — View market → December 31, 2026 4.5% — — View market → December 31, 2026 6.5% — — View market → January 1 2027 12.5% — — View market → January 1 2027 13.5% — — View market → January 1 2027 2.1% — — View market → January 1 2027 2.7% — — View market → January 1 2027 3.1% — — View market → January 1 2027 3.8% — — View market → January 1 2027 9% — — View market → January 1 2027 44% — — View market → January 1 2027 9.5% — — View market → January 1 2027 3.6% — — View market → January 1 2027 43.5% — — View market → January 1 2027 21% — — View market → January 1 2027 20% — — View market → January 1 2027 84% — — View market →
Morgan Stanley’s Investment arm has launched its Ethereum and Solana ETFs as the Wall Street giant expands its crypto offerings. This follows approval from the NYSE Arca, with these ETH and SOL funds the first issued by a U.S. bank-affiliated asset manager.
Morgan Stanley Launches Solana and Ethereum ETFs In a press release, the asset manager announced the launch of its Ethereum and Solana ETFs. These funds will trade under the tickers MSSE and MSOL, respectively, and will track the Ethereum and Solana prices.
As CoinGape reported, Morgan Stanley received approval last week to list its ETH and SOL funds on the NYSE Arca. Both funds will offer staking to earn rewards on their holdings, while the asset manager will charge a management fee of 0.14%, which is notably one of the cheapest among the crypto ETF issuers.
The Ethereum and Solana ETFs launch follows the launch of the asset manager’s Bitcoin ETF earlier this year. The Bitcoin fund already boasts over $396 million in net assets, according to SoSoValue data.
It is also worth noting that the Morgan Stanley crypto ETFs are the first issued by a U.S. bank-affiliated asset manager. The Wall Street giant has on several occasions highlighted the growing demand for these crypto assets.
The launch of these funds also deepens the bank’s push into crypto. As CoinGape reported, Morgan Stanley’s E*TRADE recently completed the rollout of spot Bitcoin, Ethereum, and Solana trading to its customers. The bank has also applied for a crypto-focused national trust bank.
Crypto ETFs Continue To See Mixed Flows Crypto ETFs continue to see mixed flows amid Morgan Stanley’s launch of its Ethereum and Solana ETFs. Bitcoin ETFs are currently on a three-day streak of net outflows after 7 days of consecutive net inflows, according to SoSoValue data.
Meanwhile, the Ethereum ETFs have seen six days of net inflows out of the last eight trading days. Meanwhile, the Solana ETFs have recorded four days of net inflows over a similar period, with two days of zero flows during this period.
This comes amid the latest downtrend in the crypto market, with Bitcoin falling after a retest of the $65,000 psychological level. It also comes amid fading optimism that the Senate will pass the CLARITY Act before its August recess. As CoinGape reported, the Senate has put the CLARITY Act on hold in favor of other pending bills.
For more on institutional involvement in crypto, please check out our page on 8 Best Crypto Lending Platforms for Institutional Users
The number of tokenized stock holders has jumped nearly 68.5% since the beginning of July, reaching 934,800 from 554,900. This surge has largely been driven by the launch of Robinhood Chain, which now leads the sector in tokenized stock holders.
Robinhood Chain surpasses competitorsRecent data indicates that Robinhood Chain now counts 329,200 asset holders, outpacing previous leaders in the space. Solana, which held the top spot for most of the past year, now has 281,400 tokenized stock holders, while BNB Chain follows with 214,600. The rapid ascent of Robinhood Chain follows its mainnet launch on July 1.
Within four weeks, Robinhood Chain has overtaken networks that previously dominated the tokenized equities sector. The holder distribution chart highlights a sharp spike in July, with Robinhood Chain now representing nearly a third of all tokenized stock holders in the market.
The sharp increase in Robinhood Chain’s holder base reflects how existing brokerage users became tokenized equity holders without the typical barriers of wallet setup or cross-chain transfers. This shift resulted in a visible on-chain growth, reinforcing the impact of user base integration on network dynamics.
Distribution advantage drives growthThe rapid rise in tokenized stock holders on Robinhood Chain is not attributed to superior blockchain infrastructure. Instead, the network benefited from direct access to Robinhood’s extensive user base, already estimated at 28 million. By seamlessly integrating tokenized equities into an established brokerage app, Robinhood made it easy for users to gain exposure to these assets without additional hurdles such as wallet management, bridges, or gas fees.
Competing networks in the tokenized stock space have focused on attracting crypto-native users to stock offerings, often resulting in slower growth. Robinhood’s distribution model enabled it to quickly convert stock investors into blockchain asset holders, boosting adoption metrics in a short period.
Despite accounting for roughly 35% of tokenized stock holders, Robinhood Chain holds just $44 million in assets. In contrast, Ondo manages approximately $857 million with significantly fewer wallets. This gap indicates a predominance of small retail accounts within Robinhood’s platform, where average holdings per wallet amount to just over $130.
While Robinhood has rapidly expanded its base of tokenized stock accounts, capital concentration remains relatively low. Ondo, with fewer but larger accounts, continues to capture a significant portion of the sector’s overall value. This distinction highlights the difference between distribution metrics, measured by wallet count, and capital metrics, reflected in total assets under management.
Holder count serves as a distribution metric, not a capital metric, leading to divergent trends between the number of wallets and the actual capital invested across platforms.
Memecoin activity remains strongTrading volume on Robinhood Chain remains dominated by memecoin activity, even as tokenized equities continue to gain traction. The speculative environment initially provided the network with liquidity and attention, which in turn created a foundation for broader asset diversification.
Looking ahead, the evolution of Robinhood Chain’s asset base will depend on whether average balances per wallet increase. If the trend of small holdings continues, Robinhood may remain a high-volume, low-capital network, while platforms like Ondo lead in total assets. If average holdings rise across Robinhood’s 329,000 wallets, its position in the sector could shift significantly.
In this dynamic environment, platforms that streamline access to both traditional and digital assets may continue to grow. For example, 1stepSwap enables users to access shares of leading U.S. companies and commodities like gold or silver directly through their wallets. By automatically searching for the best price available, 1stepSwap helps users efficiently diversify their portfolios with tokenized real-world assets and equities in real time.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Key Highlights SOL currently trades near $76.80 with a 24-hour gain of 2.66%, challenging the top edge of a descending channel pattern around $76 Daily RSI reads 42 while MACD remains negative, indicating subdued bullish momentum in the near term Critical resistance zones include the 50-day EMA at $76.32, 200-day EMA at $92.59, and a significant moving average confluence zone spanning $108–$123 Circle recently issued 250 million USDC on the Solana blockchain, boosting available stablecoin liquidity across the ecosystem Technical strategists have identified upside price objectives at $84, $123, and $140 contingent on successful breakout confirmation At press time, Solana is changing hands around $76.80, reflecting an approximate 2.66% increase during the last 24-hour period. Current daily volume stands at approximately $1.31 billion.
[[IMG_4]]Solana (SOL) Price Price action is presently challenging the top trendline of a near-term descending channel situated around $76. Examining the four-hour timeframe reveals SOL has been establishing a sequence of higher lows within this channel structure, while the RSI indicator has climbed to roughly 59.86, positioned above its signal line at 48.03.
A decisive breakout above the channel boundary could unlock movement toward the $80–$84 price region. Conversely, inability to maintain current levels may result in a retracement toward the $74–$75 support area.
The daily timeframe presents a more reserved outlook. RSI currently registers near 42, reflecting limited buying pressure, while the MACD indicator trades beneath its signal line. The 50-day EMA positioned at $76.32 and the 200-day EMA at $92.59 both remain above spot price, creating overhead resistance barriers.
Should bearish pressure intensify, potential downside objectives encompass the February 6 low of $67.50 and the June 6 low of $60.13.
Higher Timeframe Analysis Reveals Strong Support Zone Examining the weekly chart, SOL remains within a substantial demand zone that has historically attracted accumulation during market corrections. Market analyst Crypto King highlighted on X that SOL maintains one of the more attractive high-timeframe configurations available, characterizing the present level as a significant demand zone and indicating accumulation strategies remain favorable while this support structure persists.
$SOL 1W chart:$SOL still has one of the cleanest high-timeframe setups.
That marked zone is still a high demand zone, as long as that level continues to hold, accumulating is the best move. pic.twitter.com/dd6XAPbuVd
— Crypto King (@CryptoKing4Ever) July 27, 2026
The weekly RSI indicator registers near 40.10, suggesting momentum is gradually rebuilding without entering overbought territory.
Technical Roadmap Extends Toward $143 Level Market technician Gum has observed that resistance spanning from $75 through $140 appears relatively dispersed across a broad range rather than concentrated at specific price points. The 20-week EMA positioned near $83.75 represents the initial critical milestone for reclamation. Beyond that threshold, multiple moving averages converge within the $108 to $123 zone. The yearly opening price near $143.44 emerges as the subsequent major higher-timeframe objective should Solana successfully navigate through that resistance cluster.
$SOL there’s air between $75 and $140
Bullish af
Pointless to time a move that is almost guaranteed to come eventually pic.twitter.com/cAP8974E6D
— gum (@gumsays) July 27, 2026
Circle’s recent creation of 250 million USDC on the Solana network expands stablecoin liquidity accessible throughout the ecosystem for decentralized finance applications, payment systems, and market activity. While this development strengthens the fundamental backdrop supporting the technical formation, price action must independently validate the breakout scenario.
SOL currently maintains support within the $74–$76 range while testing descending channel resistance. The weekly demand zone continues to hold firm, with the yearly open near $143.44 representing the next significant higher-timeframe price target.
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 about to get a lot more room to breathe. The network’s per-block compute limit is jumping from 60 million to 100 million Compute Units, a 66% increase that will go live within 24 hours at the start of Epoch 1009.
Think of Compute Units as the fuel budget each block gets to process transactions. A higher cap means more transactions, more complex smart contract calls, and more overall activity can fit into a single block.
From 50M to 100M in rapid succession Here’s the thing about this upgrade: it’s the second major compute limit increase in less than a week. SIMD-0256, which raised the cap from the original 50 million CUs to 60 million, only went live on July 23, 2025. Now SIMD-0286 is pushing it to 100 million.
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SIMD-0286 was authored by Lucas Bruder from Jito Labs back in May 2025. Jito is one of the most influential infrastructure players in the Solana ecosystem, best known for its MEV-focused validator client.
One important nuance: this upgrade only touches the Maximum Block Units limit. The Max Writable Account Units stays locked at 12 million, and Max Vote Units remains at 36 million. It’s like widening a highway without increasing the speed limit for any single car.
Why Solana needs the headroom That said, there’s a trade-off worth flagging. Higher compute limits mean each block takes more resources to process and validate. Validators running on lower-end hardware could see increased execution times, which could theoretically impact the network’s famously fast block production. The Solana community will need to watch validator performance metrics closely in the days after activation.
What this means for investors The risk side of the equation centers on execution. If the higher compute limit leads to validator instability, block production hiccups, or increased centralization pressure as smaller validators struggle to keep up, the upgrade could backfire.
Watch for validator metrics in the 48-72 hours after Epoch 1009 begins. Skip time, block production rates, and transaction success rates will tell the real story of whether Solana’s infrastructure can handle the ambition its governance process keeps approving.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Solana’s mainnet is set to raise its per-block compute capacity by 66% in less than 24 hours, lifting the cap from 60 million compute units (CUs) to 100 million. The change is part of SIMD-0286, a Solana Improvement Proposal that will automatically activate at the start of Epoch 1009. Proposed by Jito Labs, SIMD-0286’s core adjustment is increasing the per-block maximum CUs to 100 million while keeping other limits unchanged. The upgrade aims to free up more space for non-voting transactions, enabling ~400ms blocks to handle more complex trades, thereby boosting throughput, reducing congestion failure rates, and easing fee pressure. This marks another scaling expansion following SIMD-0256, which previously raised the cap from roughly 50 million to 60 million CUs.
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Since its launch, the HYPE spot ETF has outperformed Bitcoin, Ethereum, Solana, and XRP ETFs in terms of cumulative fund inflows by market capitalization.
The wave of spot ETFs, which began with the US SEC’s approval of spot Bitcoin ETFs in January 2024, is now continuing with the participation of many altcoins.
At this point, besides BTC, many altcoins such as Ethereum, XRP, and Solana have also received ETF approvals, and investor interest continues to grow.
At this point, the Hyperliquid (HYPE) ETF is attracting significant interest from investors.
Grayscale, a crypto asset management company, included noteworthy data in its latest analysis of the HYPE spot ETF.
According to the company’s assessment, the HYPE spot ETF has outperformed Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and XRP spot ETFs in terms of cumulative fund inflows by market capitalization since its launch.
According to Grayscale’s analysis, the spot HYPE ETF stood out as the ETF product that attracted the fastest early-stage investor inflows. The firm noted that, based on the same timeframe, the HYPE ETF had the strongest start compared to its competitors.
Grayscale, which also examined other ETFs, noted that spot Bitcoin ETFs showed the most stable inflow trend, while ETH ETFs experienced a mid-period increase.
The analysis noted that Solana and XRP spot ETFs also saw strong investor interest and significant fund inflows in their initial phases.
However, Grayscale stated that, when compared to the same time period, the HYPE ETF had the strongest start ever. This, they said, indicates that investor demand for HYPE remains strong.
*This is not investment advice.
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Solana’s decentralized exchanges (DEXs) have continued to outperform several major centralized exchanges (CEXs) in weekly spot volume, trailing only Binance for the fourth consecutive week. According to data shared by SolanaFloor, Solana’s DEXs have maintained their strong competitive position against well-known platforms such as Bybit, Coinbase, and Kraken. This development highlights the robust on-chain activity on the Solana network, reinforcing its position as a significant player in both decentralized and centralized environments.
Recent data from DeFi analytics platform DefiLlama indicates that Solana’s DEXs processed approximately $1.796 billion in 24-hour volume and $79.476 billion over the past 30 days. Despite a slight week-over-week decline of 3.75% in volume, Solana’s DEXs have shown resilience by maintaining high levels of activity. This trend reflects the growing preference for decentralized solutions within the broader cryptocurrency market.
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Market pricing for Solana-related predictions suggests that participants view this ongoing trend as potentially supportive of Solana’s future market performance, particularly in the context of its price predictions for July 2026. As Solana continues to demonstrate strong on-chain activity, market confidence appears to be aligning with expectations of future price movements.
Key Takeaways Solana appears to maintain its position as the second-largest platform for DEX spot volume, trailing only Binance. Data suggests a consistent preference for decentralized activity on Solana’s network, with significant volumes processed despite slight declines. Market pricing implies that this development could indicate positive sentiment towards Solana’s future performance. What to Watch Market participants should monitor upcoming developments that may impact Solana’s on-chain activity or price forecasts. Key factors include potential technological upgrades like the Alpenglow update, regulatory announcements, and broader market trends. Continued high DEX usage could suggest support for Solana’s pricing outlook, while fluctuations in volume or regulatory challenges could present uncertainties. Observers will be attentive to any shifts in market dynamics that could influence Solana’s competitive position among top platforms.
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Term Structure
Contract Odds Δ since publish Volume 24h August 1 2026 0.8% — — View market → August 1 2026 0.1% — — View market → August 1 2026 0.1% — — View market → August 1 2026 0.4% — — View market → August 1 2026 0.1% — — View market → August 1 2026 0.1% — — View market → August 1 2026 0.4% — — View market → August 1 2026 0.1% — — View market → August 1 2026 2.4% — — View market → August 1 2026 0.1% — — View market → August 1 2026 0.1% — — View market → August 1 2026 0.1% — — View market → August 1 2026 39.5% — — View market → August 1 2026 0.1% — — View market → August 1 2026 0.1% — — View market →
After first challenging its memecoin economy, Robinhood chain is setting its sights on disrupting Solana’s dominance in onchain tokenized equity markets.
Onchain data suggests that Robinhood RWA growth has been explosive, with over 334,000 wallets acquiring tokenized stocks within weeks of the chain’s launch. However, nuance behind the headline figure paints a different picture, conflating memecoin activity with RWA adoption.
Despite Robinhood’s tokenized equity volume gaining considerable momentum, Solana maintains its firm grip on the sector, netting over $48M in daily volume.
Does Robinhood Chain Really Have 334,000 RWA Holders? Robinhood Chain is enjoying a tremendously strong inaugural month, attracting thousands of traders and signalling that the Ethereum L2 thesis might still have some merit. Onchain data is showing high levels of trading volume and wallet activity, particularly in RWA markets, inspiring optimism toward the chain’s long-term growth and future.
However, while Robinhood Chain advocates argue that the network boasts the largest RWA holder count among all networks, critics argue that this data interpretation could be considered “disingenuous”.
Beyond double-counting holders, some analysts have suggested that memecoin-stock liquidity pairings have resulted in some memecoin trading having been conflated with RWA activity.
SolanaFloor has engaged rwa.xyz for clarity on how it calculates and qualifies RWA holders, not only on Robinhood, but on all chains. At press time, rwa.xyz has not been available for comment.
Of course, it would be dishonest to assume that Robinhood Chain, and its supporters, are the only crypto market participants guilty of cherry-picking data. While transparent and accessible, onchain data is easily gamed and misinterpreted, making it a flexible tool for perpetuating a narrative.
For example, wallet dusting is an extremely easy way to bolster token holder counts. By sending sub-cent values of tokens en masse to thousands of wallets, anybody can give an asset the appearance of having thousands of investors.
$ANSEM is a recent example of this phenomenon. In a bid to catch rogue holder airdrops, farmers distributed micro-values of $ANSEM across thousands of wallets. Through no fault of the token creator himself, 74% of $ANSEM’s investor base own less than $10 worth of the token, muddying holder data.
Solana Maintains Lead on Tokenized Equity Trading RWA holder counts aside, Solana has so maintained its iron grip on tokenized stock trading volumes. According to Blockworks data, Solana recorded over $48M in daily tokenized equity trading volume, with Backpack Securities-issued assets commanding the bulk of trading activity.
Comparatively, Dune Analytics data suggests Robinhood chain recorded $24M in tokenized stock trading in the same time period, outperforming all networks bar Solana itself.
Read More on SolanaFloor Another generous incentivized trading campaign hits Solana
Phoenix Fronts $420K in Rewards as Solana Records All-Time High in Quarterly Perps Volume
Crypto losses topped $1 billion in the first half of 2026 as the industry recorded its highest number of hacks in a six-month period, according to onchain security platform Blockaid.
Ethereum and Solana recorded the largest losses from incidents affecting their networks, with roughly $332 million and $326 million in stolen funds, respectively, Blockaid said in its H1 2026 security report published Tuesday.
Blockaid tracked 212 security incidents during the period, with the largest single exploit coming from KelpDAO at $292 million, while the platform verified 3.4 times as many high-threshold exploits in H1 2026 as across all of 2025.
Code exploits drove Ethereum incidents, while breaches of keys and signing infrastructure accounted for most Solana losses, according to the report.
Ethereum losses reflected the risks of high-value protocolsEthereum incurred the highest losses from incidents in H1 2026, with attackers primarily targeting vulnerabilities in applications built on the network.
Blockaid said code exploits dominated Ethereum incidents by count, with major losses also linked to key compromises involving Humanity Protocol and StablR. CoWSwap, an Ethereum-based decentralized exchange, was the only major Ethereum incident in the report classified as a user mistake.
Blockchain losses by network in the first half of 2026. Source: Blockaid.
Blockaid identified several common attack methods targeting Ethereum, including bugs in bridges and smart contracts, unauthorized access to privileged accounts and market manipulation techniques.
The report said Ethereum remains a major target because it hosts many of the crypto industry’s most valuable applications, including restaking platforms, stablecoins and decentralized exchanges.
Solana losses surged as attackers shifted focusSolana incurred nearly as much in losses as Ethereum during the first half of 2026, a sharp increase from the roughly $127 million in stolen funds the network recorded during 2025.
“2025 had $2.58 billion lost across 63 incidents, concentrated in Q1 by Bybit’s $1.5 billion, with Ethereum and Arbitrum the top chains by stolen-fund flow,” Blockaid CEO Ido Ben-Natan told Cointelegraph.
Blockchain losses by network in 2025. Source: Blockaid.
The change did not stem from a rise in smart contract exploits. Instead, compromised keys accounted for more than 98% of Solana’s losses, driven largely by incidents involving Drift Protocol and Step Finance, which Blockaid linked to North Korea-linked cyber groups.
Unlike Ethereum, where attackers primarily exploited vulnerabilities in protocol code, Solana incidents targeted signer infrastructure and organizational security, while a handful of code exploits involving Raydium and Volo accounted for the remaining losses.
Magazine: A quantum roadmap would push Bitcoin much higher: Charles Edwards
Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.
Crypto losses topped $1 billion in the first half of 2026 as the industry recorded its highest number of hacks in a six-month period, according to onchain security platform Blockaid.
Ethereum and Solana recorded the largest losses from incidents affecting their networks, with roughly $332 million and $326 million in stolen funds, respectively, Blockaid said in its H1 2026 security report published Tuesday.
Blockaid tracked 212 security incidents during the period, with the largest single exploit coming from KelpDAO at $292 million, while the platform verified 3.4 times as many high-threshold exploits in H1 2026 as across all of 2025.
Code exploits drove Ethereum incidents, while breaches of keys and signing infrastructure accounted for most Solana losses, according to the report.
Ethereum losses reflected the risks of high-value protocolsEthereum incurred the highest losses from incidents in H1 2026, with attackers primarily targeting vulnerabilities in applications built on the network.
Blockaid said code exploits dominated Ethereum incidents by count, with major losses also linked to key compromises involving Humanity Protocol and StablR. CoWSwap, an Ethereum-based decentralized exchange, was the only major Ethereum incident in the report classified as a user mistake.
Blockchain losses by network in the first half of 2026. Source: Blockaid.
Blockaid identified several common attack methods targeting Ethereum, including bugs in bridges and smart contracts, unauthorized access to privileged accounts and market manipulation techniques.
The report said Ethereum remains a major target because it hosts many of the crypto industry’s most valuable applications, including restaking platforms, stablecoins and decentralized exchanges.
Solana losses surged as attackers shifted focusSolana incurred nearly as much in losses as Ethereum during the first half of 2026, a sharp increase from the roughly $127 million in stolen funds the network recorded during 2025.
“2025 had $2.58 billion lost across 63 incidents, concentrated in Q1 by Bybit’s $1.5 billion, with Ethereum and Arbitrum the top chains by stolen-fund flow,” Blockaid CEO Ido Ben-Natan told Cointelegraph.
Blockchain losses by network in 2025. Source: Blockaid.
The change did not stem from a rise in smart contract exploits. Instead, compromised keys accounted for more than 98% of Solana’s losses, driven largely by incidents involving Drift Protocol and Step Finance, which Blockaid linked to North Korea-linked cyber groups.
Unlike Ethereum, where attackers primarily exploited vulnerabilities in protocol code, Solana incidents targeted signer infrastructure and organizational security, while a handful of code exploits involving Raydium and Volo accounted for the remaining losses.
Magazine: A quantum roadmap would push Bitcoin much higher: Charles Edwards
Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.
The Ethereum, Solana and Avalanche networks have never been more active with increasing transactions and plummeting costs. Yet, their tokens are collapsing. A troubling divergence that raises questions… is adoption enough to save prices?
In brief Transactions and efficiency explode on Ethereum, Solana and Avalanche, with costs divided by 3 to 10. Despite their growth, ETH, SOL and AVAX lose more than 50% of their value in one year. Token inflation, dilution of staking rewards and Layer 2 competition weigh on their prices. Crypto: Ethereum, Solana and Avalanche Break Records! In 2026, the blockchains Ethereum, Solana and Avalanche are running at full capacity and the numbers speak for themselves. Ethereum saw its transactions leap 68% in one year, rising from 121.1 million to 203.9 million in the second quarter of 2026. Solana and Avalanche follow the same trend, with transaction volumes doubling, even multiplying by ten, depending on the periods. Moreover, transaction fees have collapsed. On Solana, the average cost dropped to $0.005, compared to $0.030 a year earlier. Ethereum cut its fees by three, going from $1.08 to $0.31.
This performance is explained by major protocol improvements:
On Ethereum, the Dencun upgrade reduced Layer 2 costs by optimizing data storage; Solana benefited from Firedancer, a high-performance client that boosted its transaction processing capacity; Avalanche has, for its part, bet on subnets to scale its ecosystem. However, these technical advances have a hidden cost: validator revenues are collapsing. Indeed, with falling fees, rewards in native tokens (ETH, SOL, AVAX) melt away like snow in the sun. As a result, validators earn less, and crypto investors are questioning.
Why ETH, SOL and AVAX Collapse Despite Their Performances? Here lies the heart of the problem. Record activity does not translate into price increases. On the contrary, Ethereum (ETH) has lost over 50% of its value since July 2025, while Solana (SOL) and Avalanche (AVAX) have dropped 53% and 58% respectively. This dichotomy is explained by several factors:
Token Inflation: Staking rewards are mostly funded by the issuance of new tokens (93% for Ethereum, over 90% for Solana). As a result, a massive dilution of the value of existing tokens, especially if demand does not keep up.
The Law of Supply and Demand: This law works against these blockchains. Indeed, with an increasing supply of blockspace and stagnant demand, prices collapse. As Kam Benbrik, head of on-chain research at Bitwise, summarizes:
Networks are operating at full capacity… but no one wants to pay for the fuel.
Staking Becomes a Double-Edged Trap: With 40.2 million ETH (one-third of the total supply) currently staked, rewards are shared among an increasing number of participants, reducing individual returns. Bitmine, the largest Ethereum holder, stakes 4.9 million of the 5.8 million ETH it owns, illustrating this trend well.
Competition from Layer 2: Indeed, competition from Layer 2s like Arbitrum, Optimism or Base (Coinbase) captures an increasing share of transactions, depriving Layer 1s of potential revenue.
In the crypto ecosystem, record activity is no longer enough. Without strong demand, ethereum, solana and avalanche tokens are collapsing. In your opinion, should you bet on long-term adoption or fear a lasting crash? Do you think this divergence between adoption and price is a buying opportunity… or a sign of a structurally troubled market?
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Eddy S.
The world is evolving and adaptation is the best weapon to survive in this undulating universe. Originally a crypto community manager, I am interested in anything that is directly or indirectly related to blockchain and its derivatives. To share my experience and promote a field that I am passionate about, nothing is better than writing informative and relaxed articles.
DISCLAIMER
The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.
As prices in Bitcoin and altcoins continue to fluctuate, this has also been reflected in spot ETFs.
At this point, there was an outflow from spot Bitcoin ETFs, while Ethereum ETFs experienced a net inflow.
According to Farside Investors data, US spot Bitcoin ETFs recorded a net outflow of approximately $11.6 million yesterday, July 27.
This marks the third consecutive day of outflows from BTC ETFs, although the rate of outflows has begun to slow.
BlackRock’s IBIT fund led the way in Bitcoin ETF outflows with $8.8 million, followed by Fidelity’s FBTC fund with $2.8 million.
While no outflows were recorded except for two funds, Bitwise’s BITB; Ark Invest’s ARKB; Grayscale’s GBTC; Grayscale’s Mini BTC; Morgan Stanley’s MSBT; Wisdom Tree’s BTCW; VanEck’s HODL; Invesco’s BTCO; Franklin Templeton’s EZBC; and Valkyre’s BRRR fund recorded 0 flows.
Ethereum and Altcoins Are in a Mixed State! In contrast, Ethereum ETFs experienced inflows. According to Farside Investors data, US spot Ethereum ETFs recorded net inflows of approximately $11.7 million on July 27th. This signifies a reversal of the net outflows.
In ETH ETFs, BlackRock’s ETHA fund was the only fund to experience inflows, recording $11.7 million.
In contrast, Fidelity’s FETH; Grayscale’s Mini Ethereum (ETH); BlackRock’s ETHB; Bitwise’s ETHW; 21Shares’ TETH; VanEck’s ETHV; Invesco’s QETH; and Franklin Templeton’s EZET fund all recorded 0 flows.
Lastly, spot Solana ETFs recorded a net inflow of $1 million, while HYPE saw an outflow of $2.9 million, and XRP ETFs experienced neither inflow nor outflow.
*This is not investment advice.
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According to The Wall Street Journal, Morgan Stanley Investment Management today announced the launch of two new Exchange-Traded Products (ETPs): the Morgan Stanley Ethereum Trust (MSSE) and the Morgan Stanley Solana Trust (MSOL). Each product is designed to track the performance of ETH and SOL, the native digital assets of the Ethereum and Solana blockchains respectively. The launch of MSSE and MSOL marks Morgan Stanley’s further expansion of its crypto asset investment product portfolio, providing institutional and individual investors with additional avenues to participate in the digital asset market via traditional financial channels.
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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.
Robinhood Chain just pulled off one of the fastest climbs in crypto infrastructure history. Less than a month after launching its public mainnet on July 1, the Ethereum-based Layer 2 network has rocketed to the top of RWA.xyz’s network leaderboard with roughly 328,000 to 329,000 real-world asset holders.
That puts it ahead of Solana, which crossed the 300,000 RWA holder mark around mid-July and currently sits at approximately 312,000.
The numbers behind the numbers Robinhood Chain reports 97 tokenized assets on its network with a fully distributed RWA value of $24.12 million. The “fully distributed” part is actually noteworthy: the chain boasts a 100% distribution ratio, meaning every tokenized asset is sitting in a user’s wallet rather than parked in some protocol treasury or cold storage.
Ethereum’s RWA value sits between $17 billion and $18 billion. Solana’s RWA market exceeds $3.3 billion. Robinhood’s $24.12 million, while real, is roughly 0.1% of what Ethereum’s RWA ecosystem is worth.
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The network has also facilitated around $750 million in monthly transfer volume, which includes meme coin trading alongside the tokenized equities.
How Robinhood pulled this off so fast Robinhood has nearly 28 million users spread across more than 38 countries (excluding the US). When you already have tens of millions of retail investors on your platform and you start distributing tokenized versions of popular US equities like NVIDIA and Apple, the holder count math gets very simple very quickly.
These Robinhood Stock Tokens are accessible in over 120 countries and issued as debt securities by Robinhood Assets (Jersey) Limited.
Robinhood Chain runs on the Arbitrum Orbit stack with 100-millisecond block times, integrations with Chainlink oracles for price feeds, and support for Paxos-issued USDG stablecoin.
What this means for the RWA landscape Robinhood is coming at the RWA problem from the retail direction rather than the institutional one. The $24.12 million in deployed RWA value means the average holder has less than $75 worth of tokenized assets.
The comparison to Solana is also worth unpacking. Solana’s 312,000 RWA holders are sitting on a market worth more than $3.3 billion. That’s roughly $10,500 per holder on average, over 140 times what the average Robinhood Chain holder has.
There’s also the question of what counts as an RWA holder in this context. When a brokerage distributes tokenized stock representations to existing customers who may not even realize they’re interacting with a blockchain, the “holder” label carries different weight than someone who deliberately bridges capital to a DeFi protocol to purchase tokenized treasuries.
Robinhood just demonstrated that the fastest path to on-chain adoption might not be building better DeFi protocols. It might be wrapping blockchain rails around products that regular people already understand and use.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Solana price fell about 5% from its July 27 high near $77 to $73 on July 28 as a break below short-term support triggered long liquidations.
Summary
SOL price dropped from roughly $77 to $73 after failing to sustain its latest recovery. Price has fallen below the $75 major pivot and remains inside a descending channel. The 4-hour RSI has declined to 35.57, showing weakening momentum without reaching oversold territory. Liquidation clusters near $72.50 and $74 could increase volatility around the current price. Solana price drops back toward $73 According to data from crypto.news, Solana (SOL) price traded near $73.20 at the time of writing after falling from an intraday high around $77 during the previous session. The move represented a decline of about 5% from peak to trough.
The pullback followed SOL’s latest rejection from the upper half of a descending channel visible on the 4-hour chart. Buyers pushed the token toward $77 on July 27 but failed to challenge the channel’s upper boundary or the wider $78 resistance area.
Selling accelerated after SOL lost the $75 level, which had supported several earlier intraday rebounds. The token subsequently fell toward $73 before entering a narrow consolidation range.
The daily chart showed SOL trading below the Murrey Math major support-and-resistance pivot at $75. Its July 28 candle recorded a low of $72.86, although buyers prevented a sustained fall below $73.
Solana price daily chart — July 28 | Source: crypto.news SOL’s decline also came as capital showed a preference for Ethereum. ETH recently reclaimed $1,900, while SOL remained trapped below its July resistance range.
Crypto trader Daan Crypto Trades noted that the pair was beginning to lose its horizontal support area.
“[Solana] needs to break this local consolidation before we can start looking at the range high again.”
Daan added that Ethereum’s recent strength against Bitcoin had left Solana behind, making the ETH ecosystem more attractive while SOL remained weak.
Long liquidations accelerated the sell-off The three-day CoinGlass liquidation heatmap shows that Solana’s slide cut through several leveraged trading zones between $75 and $73.
SOL first dropped sharply below $75 before falling through another band of liquidity around $73. The move likely forced leveraged long traders to close their positions, adding market sell orders to an already weak spot market.
Solana liquidation heatmap | Source: CoinGlass The heatmap shows that the largest nearby concentrations now sit on both sides of the current price. A bright liquidity band has formed around $72.40–$72.70, while additional clusters are visible near $73.80–$74.20.
This positioning could keep short-term price action unstable. A move below $73 may attract SOL toward the lower liquidity pool, while an initial rebound could target the accumulated positions around $74.
Further liquidation interest is visible near $75 and $76.50. Those levels could act as upside targets if buyers regain control, but they may also become resistance because traders caught in the decline could use a recovery to exit positions.
The liquidation data support the view that derivatives positioning magnified the decline. However, the charts alone do not establish that institutional sell blocks caused the move.
SOL indicators point to weak momentum Solana remains inside a descending parallel channel that has guided its 4-hour price action since the early-July peak above $83. The channel has produced a sequence of lower highs, including rejections near $79 and $77.
Solana price is trading within a descending parallel channel pattern on the 4-hour chart — July 28 | Source: crypto.news SOL is now approaching the channel’s lower half. The lower boundary sits close to $70, making that level the next broader technical support if $73 fails.
The 4-hour relative strength index has fallen to 35.57, below its signal average of 47.33. The reading shows that sellers control short-term momentum, although SOL has not yet entered the conventional oversold zone below 30.
Aroon readings also favor the downside, with the stronger line at 78.57% compared with 57.14% for the opposing measure. The indicator reflects the recency of price highs and lows rather than the size of a move, but its current configuration is consistent with SOL’s recent lower low.
On the daily chart, the average directional index stands at only 11.54. An ADX reading below 20 normally indicates a weak trend, suggesting SOL is still consolidating rather than entering a confirmed directional breakdown.
That weak reading leaves room for false moves around support. SOL could briefly sweep liquidity below $73 before recovering, particularly if selling pressure in the derivatives market eases.
Solana price levels to watch next The first level buyers need to recover is $74. A move above that area would allow SOL to challenge the $75 pivot, which has changed from support into near-term resistance.
A daily close above $75 would weaken the immediate bearish case. Bulls would then need to clear $77–$78 and break above the descending channel to reopen a path toward the July high around $83.
Failure to reclaim $75 would leave SOL exposed to another test of the $72.50 liquidation cluster. Below that area, the channel boundary near $70 becomes the next likely target.
The daily Murrey Math chart places the bottom of the broader trading range at $68.75. That level may provide stronger support if a breakdown below $70 develops. A deeper correction could then extend toward the $62.50 pivot, although the current low ADX reading does not yet confirm such a move.
Fed decision adds risk for US traders US investors are also awaiting the Federal Reserve’s next policy decision. Interest-rate expectations, movements in the dollar and Treasury yields can affect demand for high-risk assets such as SOL.
Treasury yields eased on July 28, while oil prices also fell as markets responded to renewed hopes for diplomacy in the Middle East. Brent traded below $87 and US crude near $81, reversing part of the inflation-driven pressure seen earlier in the week. The pullback reportedly followed a pause in attacks and renewed hopes for a US-Iran agreement.
That means SOL’s latest decline appears more closely linked to its technical breakdown and leveraged positioning than to a fresh rise in oil or Treasury yields. The Fed decision could still determine whether US liquidity conditions help SOL recover $75 or push it toward lower support.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
The top altcoins, including Ripple (XRP), Cardano (ADA) and Solana (SOL), are trading in the red as the broader cryptocurrency market faces downside pressure. The bearish pressure aligns with Citadel Securities' anticipation of a surprise Fed rate hike, which could reduce liquidity in high-risk assets, including crypto assets.
Technical outlook: XRP, ADA and SOL risk further decline XRP extends a steady decline below its 50-day Exponential Moving Average (EMA) at $1.1337. At the time of writing, XRP edges lower on Tuesday, extending its 4% decline from the previous day.
From a technical perspective, XRP trades below the 78.6% Fibonacci retracement level, measured from $1.2935 to $1.009, at $1.0700. The next bullish defense aligns with the Fibonacci anchor at $1.009.
Momentum reflects reinforcing downside pressure with the Relative Strength Index (RSI) at 39 sloping below the neutral 50 line, while the Moving Average Convergence Divergence (MACD) holds marginally below its signal line in the negative territory. Together, the indicators suggest waning bullish momentum rather than an imminent reversal.
XRP/USDT daily price chart.On the topside, initial resistance appears at the 78.6% Fibonacci retracement at $1.0700, followed by the 50-day EMA at $1.1337 and the 50% retracement at $1.1513.
Cardano maintains a steady downward trend below its 50-day EMA at $0.1739 amid a broader bearish backdrop. Recent rebounds remain corrective within a dominant downtrend and extend the decline below the broken rising support trendline near $0.1673.
The bearish breakout in ADA could target the June 6 low at $0.1486, followed by the June 26 swing low at $0.1385.
Momentum conditions align with a bearish tone, with the RSI near 39 signaling weak demand, while the MACD and signal line have slipped marginally into negative territory, suggesting sellers still retain the upper hand.
ADA/USDT daily price chart.Initial resistance appears around the former rising support level of $0.1673, forming a cap zone. A sustained break above this area would then bring the 50-day EMA at $0.1739 into focus as the next hurdle before the much higher 200-day EMA at $0.2808.
Solana trades below $75 on Tuesday, maintaining a bearish near-term bias below the 50-day EMA at $76.32 and well under the 200-day EMA at $92.59. From a technical perspective, the overhead moving averages keep rallies capped by layered overhead supply.
Momentum reinforces this soft tone, with the RSI at around 42, indicating weak demand, while the MACD remains in negative territory and below its signal line, suggesting downside pressure is still dominant.
A steady decline in SOL could target the February 6 low at $67.50, followed by the June 6 low at $60.13.
SOL/USDT daily price chart.On the topside, initial resistance is at the 50-day EMA near $76.32, where any recovery is likely to encounter the first meaningful selling pressure. A sustained break above that zone would expose the 200-day EMA at $92.59 as the next key barrier.
(The technical analysis of this story was written with the help of an AI tool. Know more.)
@BSCNews handed @claudeai Opus a set of anonymised on-chain metrics pulled from @DefiLlama and asked it to rank four major chains by ecosystem health. The chains were @BNBCHAIN, @solana, @base and @trondao. No names attached, just the numbers.
The model ranked Solana first and correctly identified two of the four chains from the data alone, before any labels were revealed.
Where Each Chain Stands on DeFi TVL All four chains sit within $270 million of each other on DeFi total value locked, ranging from $4.6 billion to $4.88 billion. Recent chain dominance data shows BSC at 7.1%, Solana at 6.6%, Tron at 6.3%, and Base at 5.7% of total DeFi TVL, reflecting how tightly grouped the competition has become below Ethereum.
Solana's edge in the AI ranking came down to fee generation relative to its TVL. @solana produces $5.57 million in daily application fees against that TVL, roughly ten times the rate of @BNBCHAIN and 27 times that of @trondao. It also runs $836 million in perpetuals with zero token incentives, suggesting organic demand rather than subsidised activity.
@trondao presented a different picture. It leads the group on raw on-chain revenue at $594,000 a day and captures all of it as fees, but turns over only 0.3% of its TVL daily. Tron has preserved dominance in stablecoin settlements, with nearly $90 billion in circulating stablecoins on the network, which helps explain the steady revenue base even without high DeFi velocity.
@base earns the highest revenue per user among the four, pointing to a concentrated but engaged user base on Coinbase's layer-2.
BNB Chain's RWA Lead Changes the Framing The most striking figure in the exercise belongs to @BNBCHAIN. Its real-world asset holdings stand at $4.906 billion, more than its own DeFi TVL. BNB Chain's tokenized RWA TVL recently reached approximately $5.2 billion, a 32.26% monthly increase that places it as the second-largest RWA network after Ethereum. Ethereum remains the leading blockchain by total tokenized RWA value, with BNB Chain ranked second, while Solana and Polygon are also attracting institutional deployment.
That RWA scale reflects deliberate infrastructure investment. BNB Chain's full-stack RWA infrastructure for financial institutions covers compliant issuance, on-chain settlement, and DeFi liquidity access, and is trusted by BlackRock, Franklin Templeton, VanEck, and Circle.
The blind test does not declare a single winner outright. Solana leads on fee efficiency and derivatives activity. Tron dominates stablecoin settlement revenue. Base monetises its users most effectively. And BNB Chain has quietly built an RWA base that now exceeds its own DeFi TVL, a metric no pure-DeFi ranking would capture on its own.
Sources
CoinLaw: DeFi Market Statistics 2026, Chain Dominance Data
CryptoRank via NewsBTC: BNB Chain RWA TVL Hits $5.2B
Cryptic: Real World Asset Tokenization Market Data, July 2026
Circle just dropped another half-billion dollars worth of USDC onto Solana, and at this point it’s starting to feel like a recurring calendar event. The stablecoin issuer minted $500 million in new USDC on the Solana blockchain in July, executed in two neat tranches of $250 million each.
Here’s the thing: this isn’t a one-off. It’s the latest chapter in what’s become a sustained liquidity migration toward Solana that’s been building throughout 2026, with Circle simultaneously burning USDC on other chains, notably Ethereum.
The numbers behind the shift The $500 million mint, flagged by on-chain monitoring services like Whale Alert and Onchain Lens, pushed even more dollar-denominated liquidity into Solana’s trading and DeFi infrastructure. A similar $500 million single-day mint occurred earlier on June 8, suggesting Circle has found a comfortable cadence for these large-scale issuances.
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By mid-July, cumulative USDC minting on Solana had exceeded $66 billion in gross issuance. That’s not net supply, mind you. It’s the total volume of USDC that Circle has created on the network over time, which includes tokens that have since been burned or bridged elsewhere.
Solana’s share of the global USDC supply has briefly climbed above 10% during peak periods in 2026. For a network that only received native USDC issuance starting in late 2020, that’s a remarkable trajectory.
Why Circle keeps choosing Solana Circle’s minting decisions are demand-driven. When traders and institutions need more USDC on a particular chain, Circle mints to meet that demand. The fact that these $250 million tranches keep landing on Solana tells you where the activity is migrating.
The relationship between Circle and Solana dates back to a formal partnership with the Solana Foundation that enabled native USDC issuance on the platform. Since then, Circle has progressively increased its minting allocation to Solana, especially as the network’s DeFi ecosystem matured and attracted more institutional capital.
What this means for traders and the broader market More stablecoins on a network generally translates to deeper liquidity pools, tighter spreads, and better execution for traders. When $500 million in fresh USDC hits Solana’s DeFi protocols, it flows into automated market makers, lending platforms, and perpetual futures venues that form the backbone of on-chain trading.
For now, the arrows point firmly toward Solana continuing to absorb a growing share of the global stablecoin supply, with each $500 million mint reinforcing the network’s position as a primary venue for dollar-denominated on-chain activity.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
There’s a pile of money sitting on the sidelines of the crypto industry right now. Whether it actually enters the game depends on a piece of legislation most people outside Washington have never heard of.
Kristin Smith, president of the Solana Policy Institute, is sounding the alarm that the CLARITY Act needs to pass, and soon. Her core argument is straightforward: investors are ready to deploy capital into the digital asset ecosystem, but they won’t do it if the legal framework remains a question mark.
What the CLARITY Act actually does The bill tackles one of crypto’s most persistent regulatory headaches: who exactly is responsible when software facilitates financial transactions? Under current ambiguity, open-source developers, validators, and non-custodial wallet providers exist in a legal gray zone that makes institutional investors deeply uncomfortable.
Section 604 of the act is where the action is. It would protect developers who don’t have control over user assets from being classified as money transmitters.
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The bill also aims to exempt non-custodial software maintainers from money transmitter obligations. This distinction matters enormously for decentralized networks like Solana, where thousands of independent validators and developers contribute to the ecosystem without ever touching user funds.
The Senate Banking Committee cleared the bill in May 2026 with a 15-9 vote, pushing it toward a potential floor vote. Smith has described the legislation as having a significant chance of passing the Senate before the August recess.
The capital flight concern Smith’s warning centers on a dynamic that crypto observers have watched play out for years. When the US fails to provide clear rules, projects and capital migrate to jurisdictions that do.
The stakes are particularly concrete for Solana’s ecosystem. The network’s real-world asset value sits at approximately $3 billion, a figure that represents tangible financial infrastructure already built on the chain. That’s not speculative token value. That’s tokenized treasuries, real estate, and other traditional assets living on Solana’s rails.
The opposition isn’t trivial either. JPMorgan CEO Jamie Dimon has publicly criticized the bill, and negotiations around conflict-of-interest clauses remain unresolved. The ethics provisions have become a sticking point that could delay or dilute the final legislation.
Why this matters beyond Solana While the Solana Policy Institute obviously has skin in this game, the CLARITY Act’s implications extend well beyond any single blockchain network. The developer protection provisions would apply across the entire US digital asset landscape, affecting everyone from Ethereum core contributors to Bitcoin node operators.
The 15-9 committee vote suggests the bill has meaningful bipartisan support, but committee votes and floor votes are different animals. Senate floor time is a precious commodity, and crypto legislation has to compete with every other priority on the majority leader’s calendar.
If the bill doesn’t reach a floor vote before recess, the legislative calendar gets significantly more crowded in the fall.
Solana’s $3 billion in real-world assets demonstrates that serious capital has already committed to the ecosystem despite the regulatory fog. The question Smith is really asking is how much more would flow in if the fog lifted, and how much of what’s already there might eventually drift toward clearer skies.
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.
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.
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.
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.
Yesterday, Bitcoin spot ETFs posted a net outflow of $11.6 million, while Ethereum spot ETFs saw a net inflow of $11.7 million.
According to data from Farside Investors, U.S. spot Bitcoin ETFs saw a total net outflow of $11.6 million yesterday. BlackRock’s IBIT recorded a net outflow of $8.8 million, while Fidelity’s FBTC posted a $2.8 million net outflow; all other Bitcoin ETFs had zero net flows for the day. U.S. spot Ethereum ETFs, meanwhile, saw a total net inflow of $11.7 million yesterday. BlackRock’s ETHA accounted for the full $11.7 million daily net inflow, with all other Ethereum ETFs registering zero net flows for the day.
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Binance Flash Swap will undergo regular system maintenance on August 2, expected to be completed within one hour.
According to an official announcement, Binance’s Flash Swap will undergo scheduled system maintenance at 07:30 (GMT+8, East Eight Zone Time) on August 2, 2026. During the maintenance window, users will be unable to place new Flash Swap orders or limit orders. Existing recurring investment orders may be skipped due to the system upgrade, and the maintenance is expected to be completed within one hour.
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Citigroup forecasts short-term gold target price at $4,500
Citibank said its baseline scenario indicates that despite the third quarter historically being a peak period for seasonal restocking, India’s gold imports will remain sluggish in Q3. The factors driving this include ample scrap supply, cautious consumer sentiment, and local price discounts, which are suppressing demand for new imports. However, Citibank has set its short-term gold price target for the 0 to 3 month window at $4,500. The bank explained that this target is premised on two assumptions: easing tensions in the Strait of Hormuz and the Federal Reserve adopting a less hawkish stance. It also noted that numerous short-term risks could still trigger another dip in gold prices, including major geopolitical escalations, AI-driven de-risking operations, and the Fed maintaining a hawkish position. (Jin10)
21 minutes ago
Binance will cease support for the Sophon (SOPH) mainnet, and the token will be migrated to the ERC20 network.
Per official announcement, Binance will discontinue support for the Sophon (SOPH) mainnet and enable SOPH deposits and withdrawals via the Ethereum (ERC20) network. The announcement states that starting August 4, 2026, at 08:00 UTC, Binance will suspend SOPH mainnet deposit and withdrawal services. Following the migration, the Sophon mainnet will no longer be used for deposit and withdrawal activities. Binance noted that it will handle all technical operations required for the migration, and spot, leverage, contract trading, and Binance Earn services will remain unaffected. During the migration, SOPH will be migrated at a 1:1 ratio from the Sophon mainnet to the Ethereum (ERC20) network. Users do not need to take manual action, but should monitor subsequent network adjustments for deposits and withdrawals.
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trade.xyz hits all-time highs across multiple metrics, with cumulative trading volume reaching $408.4 billion.
trade.xyz released a report noting that multiple core metrics of the platform have hit all-time highs. Specifically, its cumulative trading volume reached $408.4 billion, with cumulative weekend trading volume totaling $26.07 billion. The platform’s peak 24-hour trading volume came in at $5.6 billion, open interest rose to $3.9 billion, and the peak number of daily unique traders hit 60,600.
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WTI crude oil falls toward $80, with a bearish whale in crude oil markets securing $1.83 million in unrealized profit.
According to Hyperinsight’s monitoring, WTI crude oil continues to unwind the risk premium stemming from geopolitical conflicts. The WTI mapped contract (xyz:CL) on Hyperliquid is currently trading at $80.91, down 5.2% in 24 hours; it has fallen 13.4% from its phase high of $93.44 on July 24, approaching the $80 threshold once again. A whale with an address starting with 0x60a8 is one of the main beneficiaries of this round of decline. It is currently shorting 171,900 CL contracts with 2x isolated margin, holding a position worth approximately $13.91 million, with an average entry price of $91.57 and liquidation price of $133.53. The whale currently has an unrealized profit of around $1.833 million, a return of roughly 23.3%, and has not placed any orders to add or reduce positions so far. On the market front, the U.S. has suspended military strikes on Iran, while Iran has simultaneously halted retaliatory actions. Cooling diplomatic tensions and rising expectations for the gradual recovery of energy transportation in the Middle East have driven oil prices to continue unwinding risk premiums. Currently, the 24-hour trading volume of CL contracts is approximately $320 million, and the nominal value of open interest stands at around $161 million.
Phoenix Trade, a popular Solana-native perpetual exchange, has launched Flight Club, an incentive campaign promising to distribute $420k among active traders.
After trailing in one of crypto’s strongest growth verticals, Solana’s perps scene is starting to gain momentum, recording a new all-time high in quarterly volume.
Competition is flaring in Solana’s perp race, which is expected to see several new venues launch in the coming months.
Phoenix Launches Flight Club Phoenix Trade continues to reward its traders. After distributing up to $5k to Drift traders who lost funds in its April 1st exploit, airdropping $ANSEM to Black Bull traders, and recently hosting a $10k equities trading competition, Phoenix has unveiled its biggest rewards campaign yet.
Over the next 28 days, Phoenix Flight Club promises to pay out $420k, or $15k per day, among traders. While the specific methodology behind how rewards are distributed remains undisclosed, Phoenix has indicated that payouts are calculated based on volume, open interest, and referral volume, with a bonus given to traders who build an activity streak over time.
While Phoenix’s trading volume has tapered off in recent weeks following its highs in early June, the venue maintains one of the healthiest turnover rates, and highest trade counts, among all Solana perps DEXs.
Phoenix’s low turnover rate suggests that the platform’s traders hold their positions open for longer, allowing their theses time to play out rather than optimizing for volume, which could indicate a higher concentration of organic activity.
Solana Perps Sector Hits All-Time High in Quarterly Volume While Solana’s footprint is still comparatively small in the face of giants like Hyperliquid, the network’s budding perps sector is starting to gain momentum. According to Blockworks Data, Solana perpetual futures DEXs have recorded a new all-time high in quarterly volume, notching over $183B in Q2.
Outside of crypto majors, FX pairs remain the largest asset class among Solana perps traders, surpassing other popular RWAs like commodities and equities.
However, while high volumes in FX pairs could suggest strong demand for these markets, it’s worth mentioning that the vast majority of these volumes come through GMTrade, which offers 500x leverage on these pairs.
Jupiter’s GUM Expands Perps Asset List Elsewhere in Solana’s emerging perps race, Jupiter is finally addressing one of the biggest criticisms of its perpetual futures product. Since launch, Jupiter perpetuals have relied entirely on the $JLP token, which served as a counterparty to traders expressing their opinion on $BTC, $ETH, and $SOL.
As a result of its design, these majors were the only listed assets on Jupiter’s perps platform, a constraint that frustrated many of its users.
Since the launch of its newest product, GUM (Global Unified Market), Jupiter has enabled perpetual futures trading of additional assets like $JUP and $SPCX. Currently, GUM is operating in an invite-only beta period, resulting in lower volume and open interest than its existing perps venue.
However, while a broadening range of tradable assets with a Jupiter-based trading product is encouraging for users, GUM perpetuals are settled on a dedicated settlement layer, meaning that it doesn’t route economic or transactional activity over the Solana Layer-1.
Read More on SolanaFloor Tensions ease in the Middle East
Market Breathes Sigh of Relief as US, Iran Pause Strikes
Solana is trading close to a critical higher-timeframe support level while traders watch for signs of a sustained recovery following a fresh breakout attempt. As of writing, Solana (SOL) is priced at $76.80, reflecting a gain of 2.66% over the past 24 hours. The day’s trading volume is reported near $1.31 billion.
Channel Breakout Test in FocusIn the short term, SOL has rebounded from the lower boundary of a descending channel, now trading at its upper edge near $76. Technical momentum has improved as the relative strength index (RSI) rises above its moving average, pointing to slightly increasing buyer dominance.
Chart data indicates SOL has been forming higher lows inside this channel and is working to break through the upper trendline. This level represents an important inflection point; confirmation of a close above the channel could drive SOL towards resistance at $80 to $84. If the breakout falters, price risk remains for a move back toward $74-$75 support.
RSI is reported at 59.86, with the signal line at 48.03, suggesting buyers are gaining momentum, although market conditions have not reached overbought territory.
Technical analysts observe that a sustained breakout above channel resistance would likely pave the way for a move towards the $80-$84 zone, while unsuccessful attempts increase the danger of retesting $74-$75 support.
Higher-Timeframe Demand and Long-Term TargetsSOL’s weekly chart reveals continued trading within a large demand zone that attracted buyers during earlier corrections. Crypto King described this setup as one of the more robust higher-timeframe structures in the market, with SOL now consolidating near $76 as broad support persists.
Prolonged accumulation in this region could encourage moves toward $100, followed by resistance levels near $140 and $200. The major cycle high around $270 remains a target if Solana can initiate a long-term upward trend.
Analyst Gum observes limited resistance between $75 and $140, noting that the next critical levels for the asset are marked by key moving averages. The 20-week exponential moving average lies near $83.75, while the 50-week, 100-week, and 200-week averages are grouped from approximately $108 to $123. Passing these averages would substantially improve the outlook, bringing the yearly open at $143 into focus. Meanwhile, weekly RSI stands close to 40.10, indicating ongoing momentum recovery.
On-Chain Activity and Fundamental SignalsCircle recently minted 250 million USDC on the Solana network, expanding the stablecoin supply available for trading, payments, and decentralized finance projects within the ecosystem. While the entire supply may not be immediately deployed across platforms, this injection supports higher levels of exchange liquidity and market activity at a time when SOL is testing key resistance levels.
In addition, platforms such as 1stepSwap are helping traders and investors monitor these technical developments more closely by simplifying access to both crypto and real-world assets. 1stepSwap enables users to transfer real-world assets like shares of major U.S. companies and commodities such as gold and silver directly onto the blockchain via their wallets. The platform stands out for its ability to scan for optimal pricing at any moment, allowing portfolio diversification across stocks and crypto with rapid execution and no intermediaries.
Improving stablecoin liquidity and the introduction of user-centric platforms like 1stepSwap provide robust fundamental support, as SOL tests crucial technical levels that define recovery scenarios in the coming sessions.
Key Levels and OutlookSupport for SOL is currently established between $74 and $76, which forms the basis of recent recovery efforts. The first area of potential upside resistance sits between $80 and $84, with the long-term moving averages from $108 to $123 expected to create a challenging cluster of overhead barriers. If SOL manages to clear these levels, attention could rapidly move to the yearly open near $140-$143.
Conversely, a break below $74 would undermine the short-term breakout and could extend losses to lower levels within the broad demand area.
Overall, SOL continues to consolidate at a significant support zone, with technical momentum building and on-chain activity picking up. Analysts indicate that confirmation of a breakout above channel and moving average resistance remains crucial for a stronger recovery toward $140.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Solana is currently trading around $73.90, reaching a pivotal moment as it tests a crucial support level just above the 0.382 Fibonacci retracement at $73.89. The price is also defending an ascending trendline that has reliably served as a support zone since June.
Key support and resistance levelsAnalysts monitoring Solana’s price movements are focusing on whether the $73 threshold can hold. Crypto Patel, a well-known market analyst, noted that staying above this level maintains the wider bullish setup, while a breakdown could see the cryptocurrency drop toward the $68 to $64 liquidity range.
Buyers have repeatedly maintained this upward trendline during the market’s recent recovery, supporting the significance of the current support level. However, Solana faces persistent downward pressure from a descending trendline originating near the July peak at $84, which continues to limit short-term recovery attempts.
Reclaiming the $77 mark would be a critical breakout, as it places Solana above the key descending resistance. Overcoming this barrier could open an upward path toward $80 and then $84. If Solana fails to maintain the $73 support, the focus turns to the 0.5 Fibonacci retracement near $71, and further downside may expose the $68.22 to $64.46 support zone. A decisive break below $64.46 could lead to a retest of the June low at $60.
On the weekly chart, Solana is hovering around $74 – just above major Fibonacci support at $72.55. The broader support area extends as low as $52. Crypto Patel described the $52 to $73 range as a major long-term accumulation region, suggesting that as long as Solana stays within this area, a positive long-term outlook remains intact. A breakdown under $52 could result in a move down toward $32.50.
LevelSupport/ResistanceComment$84ResistanceMajor upside barrier (July peak)$80ResistanceFirst upside target after breakout$77ResistanceBreakout level to watch$73.89Support (Fibonacci 0.382)Current test level$71Support (Fibonacci 0.5)First key support if $73 fails$68-$64Support zoneMain liquidity area$60SupportJune 2026 low$52Major supportLong-term support baseMarket analyst perspectivesCrypto Patel has drawn attention to the confluence of technical signals at the current level, arguing that Solana now sits in a high-demand zone where previous breakout bases, major weekly support, and the 0.618 Fibonacci retracement converge.
Technical expert Justin Bennett commented that holding above $75.06 through the daily or weekly close could support a clean deviation and possibly prompt a move back up toward $84 or even the $90 imbalance area last reached in May.
“$SOL is trading inside a high-confluence demand zone where weekly support and the 0.618 Fibonacci retracement intersect. This is the market’s decision point. Hold $73 and the outlook remains bullish,” noted Crypto Patel on social media.
Solana, introduced in 2020, is a high-performance blockchain known for its focus on speed and low transaction costs. It has quickly become one of the top networks for decentralized applications and digital assets.
Mini dictionary: Fibonacci retracement, a popular technical analysis tool used by traders to identify potential support and resistance levels by plotting horizontal lines at key ratios (such as 0.382, 0.5, and 0.618) based on recent price swings.
Analysts generally view the $52 to $73 range as a strategic accumulation zone on longer time horizons, where buyers may gradually increase exposure for a potential future price rally.
Ambitious price projectionsLooking further ahead, Crypto Patel pointed to possible targets of $500 and $1,000 for Solana, provided the network completes several breakout stages. The initial major hurdle is resistance at $101. Above that, an extensive zone between $180 and $295, including Solana’s previous all-time high, poses additional challenges.
Only a confirmed move above this resistance region would put the $500 target within reach. Reaching $1,000 would require a price increase of nearly 1,900% from the lower bound of the current support range—a scenario viewed as highly ambitious at present price levels.
For now, Solana remains within an accumulation and support phase, not yet entering a marked expansion. The near-term outlook will depend on whether buyers can defend $73 amid continued selling pressure.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Bitcoin pullback hits crypto treasury firms: TD Cowen slashes Nakamoto’s target price by 58% while retaining a Buy rating.
Wall Street investment bank TD Cowen has cut the price target for Bitcoin treasury company Nakamoto Inc. (NASDAQ: NAKA), slashing the post-stock-split adjusted target from $40 to $17—a 58% reduction—while retaining its "Buy" rating. TD Cowen analysts said the adjustment is mainly driven by pressure from Bitcoin price declines on Nakamoto’s highly leveraged capital structure. While the new target still implies around 275% upside from the current share price of $4.65, the stock is highly sensitive to Bitcoin price swings. TD Cowen forecasts Bitcoin will rebound to $100,000 by the end of 2026, roughly 25% below its all-time high of $126,000 set last October. The firm also expects Nakamoto to pause further Bitcoin purchases before 2027. Analysts noted that Nakamoto’s core value still stems from its Bitcoin holdings: the company currently holds 4,467 BTC worth approximately $290 million, ranking 22nd among public companies globally in Bitcoin holdings. However, its debt and preferred stock financing structure has eroded the asset value available to common shareholders. Recently, Nakamoto has completed several financial adjustments, including repaying roughly $45 million in debt, extending the maturity of $105 million in principal to June 2027, reducing financing costs, and approving a $25 million share repurchase program. Additionally, the company has shut down its previously operated medical clinic business and will focus on Bitcoin media, asset management, and advisory services going forward. Data shows NAKA’s share price has fallen more than 71% year-to-date, while Bitcoin has dropped around 26% over the same period. Market attention is shifting from "continuous BTC purchases" to the balance sheet structure and financing capabilities of Bitcoin treasury companies.
2 hours ago
Registrations for Trump’s account top 7 million, U.S. Treasury Secretary hails it as "the most successful launch project in government history"
U.S. Treasury Secretary Scott Bessent has dubbed Trump Accounts "the most successful launch project in U.S. government history," disclosing that roughly 7 million children have already registered for the initiative. Bessent made the remarks at a meeting of the Financial Literacy and Education Commission, noting that the number of registrants has risen from 6.5 million earlier this month. The U.S. Treasury Department added that the early sign-up rate for Trump Accounts outpaces that of other digital platforms and financial products. Launched on July 4, the program – also known as 530A accounts – is open to all U.S. children under 18 who hold a Social Security number. Under the plan, children born between 2025 and 2028 will receive a one-time $1,000 initial deposit from the U.S. Treasury. Parents, guardians, and grandparents can contribute up to $5,000 annually, with funds invested in ETFs tracking the S&P 500 index. Bessent stated that the project will help ordinary U.S. families access capital markets, "creating a new generation of shareholders" and enabling households long excluded from Wall Street to participate in stock investing. Consultancy McKinsey previously analyzed that with broad participation, Trump Accounts could accumulate approximately $80 billion to over $900 billion in assets for U.S. children over the next decade, though the final scale will depend on family participation rates, willingness to make ongoing contributions, and long-term investment performance.
2 hours ago
NVIDIA and OpenAI are developing a planned $500 billion AI data center project, with a 10GW capacity that could make it the world's largest.
According to The Wall Street Journal (WSJ), citing people familiar with the matter, NVIDIA and OpenAI are in talks for a mega AI data center project worth approximately $500 billion, located in southern Ohio, United States. The project is expected to have a maximum power capacity of 10GW, potentially becoming the world’s largest data center initiative. Reports state that NVIDIA may provide around $250 billion in funding to OpenAI for leasing a data center campus developed by SBEnergy, the energy subsidiary of SoftBank. The total cost of the project is projected to exceed $500 billion, including up to $350 billion for AI chip procurement. The first phase of the data center is scheduled for completion in 2028, with an initial power capacity of roughly 800MW. If fully implemented, its 10GW power scale will far outpace most current large-scale AI infrastructure projects, equivalent to meeting the electricity needs of around 8.4 million U.S. households. The project’s power resources are located on U.S. federal land and are jointly supported by the U.S. and Japan. Japan previously pledged $33 billion in investments for related energy infrastructure in exchange for reduced tariff arrangements. As demand for AI computing power continues to surge, NVIDIA is accelerating its expansion into large-scale AI infrastructure, forging deep partnerships with companies including OpenAI, Meta, Microsoft, and Amazon. If the project moves forward, it will further solidify NVIDIA’s core position in the AI computing power supply chain and push global AI infrastructure into a "trillion-dollar-level" competitive phase.
2 hours ago
Digital asset platform Uphold cuts 17% of its workforce, pivots to enterprise business.
Digital asset trading platform Uphold has announced a global layoff of roughly 17% of its workforce, affecting 85 full-time and contract employees. The company said the restructuring aims to reallocate resources to its fast-growing enterprise services business. Uphold CEO Simon McLoughlin stated that the firm underwent rapid expansion over the past few years, nearly doubling its headcount, and the layoffs represent a realignment of its business strategy. Despite the current slowdown in crypto market trading activity, the company remains bullish on the long-term prospects of digital assets and blockchain technology. Founded in 2015 and headquartered in New York, Uphold offers trading services for cryptocurrencies, fiat currencies, stocks, and precious metals to users. In recent years, it has gradually expanded its enterprise infrastructure business, assisting banks, fintech firms, and brokerages in integrating crypto trading and custody services. The layoffs come amid a prolonged crypto market slump. By the end of Q2 2026, the global total cryptocurrency market cap had fallen to around $2.1 trillion, with trading volumes declining and retail participation waning due to high interest rates, geopolitical uncertainty, and outflows from crypto ETFs. Uphold noted that it has not closed its UK operations or any other overseas offices, and regional operations remain fully functional. Looking ahead, the company plans to continue expanding its enterprise platform, while adding features including U.S. stocks, tokenized securities, asset-backed loans, credit cards, prediction markets, and DeFi yields to its consumer app. Market observers say Uphold’s restructuring reflects the crypto industry’s shift away from relying on retail trading revenue toward competing in institutional services, asset tokenization, and financial infrastructure.
2 hours ago
Trump: US-Iran negotiations "have a good chance of reaching an outcome", plans to use Iranian funds to compensate for losses in the Strait of Hormuz.
US President Donald Trump said Iran has submitted a meeting request via intermediaries, adding that the U.S. is holding "good negotiations" with Iran and there is "a very good chance of reaching some outcomes." "Iran wants to meet, and we will meet with them," Trump stated. He also emphasized that he has "plenty of patience and ample time," noting that the U.S. has a large stockpile of ammunition and hopes to acquire more. Regarding the situation in the Strait of Hormuz, Trump said the U.S. will use Iranian funds to cover losses related to the waterway. Additionally, he revealed that the U.S. and Israel have certain differences on the Iran issue but are "very close to reaching an agreement." Trump also said he will later consult Russian President Vladimir Putin about Russia’s actions regarding Iran and inquire about relevant satellite imagery. He added that the U.S. is mass-producing Patriot missiles and may need to get involved in issues related to the Houthi movement.
2 hours ago
Trump again pressures the Federal Reserve: The U.S. should have the world’s lowest interest rates, and he demands Walsh to cut rates.
US President Donald Trump stated that the United States "should have the lowest interest rates in the world," adding that members of the Federal Reserve Board are "political." Trump called on Federal Reserve Chair Kevin Warsh to address internal issues within the board and push for interest rate cuts. The U.S. leader has repeatedly criticized the Federal Reserve for keeping interest rates too high, arguing that elevated rates limit economic growth. His latest remarks have once again intensified market...
Solana decentralized exchanges achieved a remarkable milestone in Q2 2026, recording a notional volume of $183.2 billion on perpetual futures platforms. This figure represents the highest quarterly volume ever reported for Solana’s decentralized exchanges, according to a tweet by @SolanaFloor. The achievement underscores the growing interest and activity within the Solana ecosystem, despite varying figures reported by different sources. While SolanaFloor’s data highlights this peak in derivatives activity, Blockworks reported a slightly lower volume of $147 billion for the same segment. Meanwhile, spot DEX activity on Solana saw a decline, with volumes dropping 44% quarter-over-quarter to $160.8 billion.
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Key Takeaways Solana’s decentralized exchanges appear to have reached an all-time high in perpetual futures volume during Q2 2026. This development suggests sustained interest in Solana’s derivatives platforms despite a downturn in spot activity. Market reactions imply that the increased volume may positively influence the broader perception and value of the Solana ecosystem. What to Watch Market participants are closely monitoring Solana’s performance in the coming weeks, particularly in light of the recent record in derivatives volume. Key indicators such as further technological upgrades, regulatory developments, and changes in ETF inflows could significantly impact Solana’s market perception. Additionally, any major announcements from Solana Labs or external factors affecting the crypto market could alter current dynamics, influencing the price trajectory of SOL.
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Term Structure
Contract Odds Δ since publish Volume 24h August 1 2026 1.6% — — View market → August 1 2026 0.1% — — View market → August 1 2026 0.1% — — View market → August 1 2026 0.3% — — View market → August 1 2026 0.2% — — View market → August 1 2026 0.1% — — View market → August 1 2026 0.8% — — View market → August 1 2026 0.3% — — View market → August 1 2026 1.1% — — View market → August 1 2026 0.1% — — View market → August 1 2026 0.2% — — View market → August 1 2026 0.1% — — View market → August 1 2026 12.5% — — View market → August 1 2026 0.1% — — View market → August 1 2026 0.1% — — View market →
