Progmat, Japan’s largest security token platform by market share, has successfully migrated its entire digital securities infrastructure from Corda 5 to a newly dedicated Avalanche Layer 1 blockchain. The company reported that all active projects, representing over ¥452 billion in issued securities and underlying assets, have been moved to the new protocol as part of its ongoing expansion in digital assets.
Project Keystone delivers blockchain upgradeThe migration was carried out under Project Keystone, a strategic initiative aimed at modernizing Progmat’s platform and eliminating reliance on a single blockchain. As part of the transition, Progmat introduced a mediator layer between applications and the blockchain. This architecture allows for future connectivity to multiple distributed ledgers without changing the platform’s existing models of security token issuance, ownership, or transfer.
The dedicated Avalanche Layer 1 implementation also ensures the network complies with requirements for regulated financial products while operating separately from public retail trading environments.
Mini dictionary: Progmat is a digital securities infrastructure provider based in Japan, focused on offering tokenization and blockchain solutions for regulated assets.
EVM compatibility and increased transaction speedWith the upgrade, the platform also achieved compatibility with the Ethereum Virtual Machine (EVM), enabling developers to build with Ethereum-based tools. Progmat migrated its smart contracts from Java-based Corda code to Solidity, Ethereum’s leading programming language, streamlining integration for developers familiar with Ethereum ecosystems.
The company stated that rights transfers now process three to five times faster than before. Avalanche, the selected Layer 1 solution, reportedly reaches finality in under two seconds, enhancing blockchain settlement speed compared to the previous Corda-based infrastructure.
Progmat noted that while the system now supports EVM-compatible development, security tokens remain restricted and are not freely accessible through public crypto wallets.
During the switch, existing issuers experienced minimal disruption and retained their existing product structures.
PlatformTransaction FinalityProgramming LanguageCompatibilityCorda 5Several secondsJavaPrivate networksAvalanche Layer 1Under 2 secondsSolidityEVM compatibleCross-chain settlements and industry expansionProgmat expects the new infrastructure to underpin cross-chain settlement services involving security tokens, stablecoins, and tokenized bank deposits in the future. Earlier this year, Datachain announced a partnership with Progmat to develop cross-chain delivery-versus-payment (DvP) and payment-versus-payment (PvP) solutions, which enable assets and funds to settle in a coordinated manner across multiple blockchains.
Mini dictionary: Datachain is a Japanese company specializing in blockchain interoperability solutions, with a focus on cross-chain settlements and integrations.
Progmat highlighted that settlement services like delivery-versus-payment and payment-versus-payment are essential for regulated financial asset markets seeking seamless cross-blockchain operations.
The network is powered by AvaCloud, which provides both the Avalanche infrastructure and ongoing operational support. Progmat stated the system complies with SOC 1 and SOC 2 Type II assurance standards. Ava Labs, the primary technology developer behind Avalanche, and Progmat have also set up a joint response plan to address outages that occur outside standard business hours.
The move comes as Avalanche’s tokenization ecosystem grows, with BlackRock’s BUIDL fund reaching around $900 million in assets on the network and total tokenized real-world assets on Avalanche approaching $2.10 billion.
Progmat is additionally involved in research with Metaplanet and JPYC to explore Bitcoin-backed digital credit products. Securitize, a global tokenization firm, also expanded its tokenized shares offering to Avalanche and Solana in recent weeks.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Why Did Progmat Move Its Security Token Platform to Avalanche? Progmat has completed the migration of its security token issuance and management platform to Avalanche, moving more than ¥452 billion, or about $2.7 billion, in active tokenized assets from a private Corda 5-based ledger to a dedicated public Avalanche Layer 1.
The move marks one of the most significant blockchain infrastructure shifts in Japan’s tokenized securities market. Progmat is not a fringe platform experimenting with tokenization. It is Japan’s dominant digital asset issuance and management platform, with about 53% of the domestic security token market and 64.6% of total issuance value.
The migration was first announced in February and completed on schedule without disruption to the financial institutions using the platform. That matters because Progmat’s user base includes regulated institutions handling tokenized real estate and corporate bonds, where operational continuity is central to market confidence.
Progmat was originally developed inside Mitsubishi UFJ Trust and Banking, part of Japan’s largest banking group, before being spun out as an independent company in October 2023. It is backed by major Japanese financial institutions, including Mizuho, the Tokyo Stock Exchange, and SBI. That institutional base gives the migration wider relevance for banks, securities firms, and asset managers watching how public blockchain infrastructure can be used in regulated capital markets.
What Changed In Progmat’s Infrastructure? The migration was not simply a ledger replacement. Progmat redesigned its underlying architecture so the platform is no longer tied to a single blockchain. That shift gives it more flexibility to support a multi-chain model as market requirements change.
All existing smart contracts were ported to the Ethereum Virtual Machine without changing the behavior or specifications of live projects. Financial institutions continued operating normally during the process, avoiding the type of disruption that can make large institutions hesitant to move regulated assets onto new infrastructure.
The most visible performance change is in rights transfer processing. Progmat said the process is now approximately 3 to 5 times faster than under the previous environment, with finality in under 2 seconds. For security tokens, faster rights transfer is not only a technical upgrade. It can improve settlement efficiency, reduce operational lag, and support more responsive secondary-market activity.
The move to a public, EVM-compatible Avalanche Layer 1 also changes the market reach of Progmat’s assets. Under the previous private, permissioned setup, access was largely limited to Japanese financial institutions. A public chain makes the platform more open to global participants and easier to connect with the broader blockchain ecosystem.
Investor Takeaway Progmat’s migration shows how tokenized securities are moving from closed institutional ledgers toward public blockchain infrastructure. The key point is not retail crypto exposure, but whether regulated assets can gain faster settlement, broader access, and stronger interoperability without disrupting existing financial institutions.
Why Does This Matter For Japan’s Tokenized Securities Market? Japan has become one of the more advanced markets for regulated security tokens, particularly in tokenized real estate and corporate bonds. Progmat’s market share means its infrastructure choices can influence how other Japanese institutions think about token issuance, custody, transfer, and settlement.
The migration gives Avalanche a larger role in Japan’s institutional tokenization market. For Avalanche, the significance is less about total assets compared with global capital markets and more about the type of assets involved. These are regulated security tokens connected to banks, securities firms, and exchange infrastructure, not only crypto-native products.
For issuers, the appeal of a public EVM-compatible chain is interoperability. Tokenized assets can be designed to interact more easily with wallets, settlement tools, compliance modules, and other blockchain-based financial infrastructure. That can make future expansion easier than on a domestic-only private ledger.
For investors, the potential benefit is market structure. If tokenized securities can settle faster and operate across more connected infrastructure, they may eventually support broader distribution, improved liquidity, and more flexible collateral use. Those outcomes depend on regulation, market participation, and institutional adoption, but Progmat’s migration removes one layer of technical isolation.
How Could Tokenized JGBs Expand The Market? Progmat is also looking beyond existing security tokens. In May, it launched a Tokenized Government Bonds & On-Chain Repo Working Group with asset managers, banks, and securities firms to study tokenized Japanese Government Bonds.
The group is examining how 24/7 trading and same-day, or T+0, settlement could affect JGB markets. That is a much larger question than tokenized real estate or corporate bonds. Government bonds sit at the center of collateral, liquidity management, repo activity, and institutional balance sheets.
If tokenized JGBs move from study to implementation, the implications would extend across settlement, collateral mobility, and short-term funding markets. On-chain repo could allow institutions to move collateral faster and manage liquidity with fewer settlement delays, but it would also require careful coordination with regulators, custodians, clearing systems, and market participants.
Progmat’s Avalanche migration does not guarantee that tokenized JGBs will become a near-term market product. It does, however, create a more flexible infrastructure base for testing those models. The platform now operates on a public, EVM-compatible chain with faster finality and a design no longer locked to one ledger.
For Japan’s digital asset market, the message is clear. Tokenization is moving from pilot projects toward infrastructure decisions that affect real regulated assets. Progmat’s shift to Avalanche shows that public blockchains are increasingly being considered for institutional market plumbing, not only crypto trading.
Key HighlightsHyundai Evaluates USDT for International Treasury OperationsCorporate Pilot Program Broadens Stablecoin Treasury ApplicationsCorporate Treasury Systems Embrace Stablecoin Integration Hyundai executes rapid seven-minute USDT treasury payment via Avalanche platform.
Tether collaborates with Hyundai to demonstrate accelerated international treasury operations.
$20,000 USDT pilot transaction slashes traditional settlement times dramatically.
Tether provides enterprise-grade USDT payment solution for Hyundai’s blockchain initiative.
Hyundai advances corporate treasury innovation through Tether’s stablecoin technology.
Tether has successfully executed an international treasury payment pilot program with Hyundai Motor America and Hyundai Motor Mexico utilizing the Avalanche blockchain infrastructure. The demonstration processed a $20,000 USDT transaction in approximately seven minutes. The initiative illustrates how digital stablecoins can facilitate more efficient corporate treasury operations on a global scale.
Hyundai Evaluates USDT for International Treasury Operations Hyundai Motor America transformed $20,000 into USDT tokens and transmitted the digital assets to Hyundai Motor Mexico. Subsequently, the Mexican subsidiary reconverted the USDT holdings into traditional U.S. dollar currency. The transaction successfully demonstrated end-to-end blockchain-enabled payment settlement.
The automotive manufacturers executed this pilot program using Axiym’s compliant settlement framework built on the Avalanche blockchain network. The technology platform managed both cross-border fund transmission and transaction authentication. The complete settlement cycle was finalized in roughly seven minutes throughout the demonstration phase.
Conventional international banking transfers typically necessitate three to four hours minimum for final settlement. The blockchain-powered methodology substantially decreased processing duration during this experimental phase. The initiative showcased an accelerated payment alternative for corporate treasury management functions.
Corporate Pilot Program Broadens Stablecoin Treasury Applications This demonstration represents a component of Tether’s comprehensive strategy to extend institutional and corporate utilization of USDT. Tether facilitated the program through its strategic capital allocation in Axiym. The collaboration concentrated on regulation-compliant and expandable payment systems for enterprise treasury functions.
Hyundai Card architected the payment structure for this proof of concept initiative. The financial division also supervised regulatory examination, accounting protocols, compliance verification, and operational architecture. Consequently, the organizations assessed stablecoin settlement capabilities while preserving established governance frameworks.
The collaborating entities structured the pilot to evaluate whether blockchain-based settlement mechanisms could integrate into contemporary treasury workflows. They preserved current compliance procedures and accounting methodologies during the entire transaction process. The experiment therefore assessed real-world implementation rather than solely evaluating processing velocity.
Corporate Treasury Systems Embrace Stablecoin Integration This pilot program demonstrates growing corporate enthusiasm for stablecoins in treasury administration and international payment systems. Major global corporations increasingly investigate blockchain technology for financial transaction infrastructure. The program additionally confirmed that digital dollar settlements can complement established corporate payment mechanisms.
Tether announced that subsequent phases will explore additional cross-border payment channels and domestic currency conversions. The partners intend to investigate expanded treasury capabilities across multiple regulatory environments. Future testing phases will determine whether stablecoin settlement systems can accommodate broader corporate financial operations.
USDT maintains its position as the dominant stablecoin measured by total market capitalization and facilitates worldwide payment, exchange, and settlement operations. Avalanche delivers blockchain technology optimized for rapid transaction execution. This pilot program contributes another corporate use case for stablecoin applications beyond digital asset trading while offering valuable insights for blockchain-integrated treasury administration.
Oliver Dale
Editor-in-Chief of Blockonomi and founder of Kooc Media, A UK-Based Online Media Company. Believer in Open-Source Software, Blockchain Technology & a Free and Fair Internet for all. His writing has been quoted by Nasdaq, Dow Jones, Investopedia, The New Yorker, Forbes, Techcrunch & More. Contact [email protected]
Hyundai Motor’s U.S. and Mexican operations have completed a pilot cross-border treasury payment using Tether’s USDT stablecoin, settling a $20,000 transfer in about seven minutes over the Avalanche blockchain.
Summary
Hyundai completed a $20,000 USDT treasury transfer between the U.S. and Mexico in about seven minutes. The Avalanche-based pilot tested stablecoin settlement without changing existing treasury compliance and accounting processes. Tether continues expanding its enterprise strategy through corporate pilots and recent investments in blockchain infrastructure. According to Tether, the proof-of-concept involved Hyundai Motor America converting U.S. dollars into USDT before sending the stablecoin to Hyundai Motor Mexico, where it was converted back into U.S. dollars.
Tether said the transfer, including verification, took around seven minutes, while a conventional cross-border bank transfer would typically require three to four hours or longer.
The pilot tested stablecoins inside corporate treasury operations Supporting the pilot, Tether said Axiym supplied the settlement infrastructure, while Hyundai Card designed the remittance structure and managed the regulatory, compliance, accounting and operational requirements needed for the test.
According to Tether, the companies built the trial to determine whether stablecoin settlement could fit into existing corporate treasury processes without requiring changes to governance, compliance or accounting frameworks.
The next stage will extend testing to additional payment corridors and local currency settlements, according to Tether, as the participating companies evaluate stablecoin settlement across more enterprise treasury workflows.
Corporate treasury has become one of the fastest-growing areas for stablecoin adoption. In April, treasury management software provider Kyriba partnered with Circle to integrate the USDC stablecoin into its enterprise treasury platform.
According to the companies, treasury teams can manage stablecoin balances alongside cash positions, complete eligible cross-border and intercompany payments in near real time, and access liquidity outside normal banking hours while continuing to use existing treasury approval processes.
A separate report from Bitso Business, published this month, found stablecoin transaction volumes on its platform rose 81% year over year during the first half of 2026.
According to Bitso Business, the increase came from demand for real-time settlement, treasury management and cross-border liquidity solutions. The company added that more than 60% of newly onboarded business clients during the period were financial institutions, including banks and licensed payment providers.
Tether continues expanding its enterprise strategy Business adoption surveys also indicate rising corporate interest in stablecoins. According to a June report by Paybis, 22.5% of surveyed businesses already use stablecoins for international payments or expect to do so within the next 12 months.
The report, citing McKinsey research, said business-to-business transactions accounted for roughly 60% of the estimated $390 billion in global stablecoin payment volume recorded during 2025.
DefiLlama data shows the stablecoin market has continued to expand alongside that adoption. According to the analytics platform, total stablecoin market capitalization has reached about $312.3 billion, up roughly 21.5% from $257.1 billion a year earlier, with Tether’s USDT remaining the largest stablecoin by market value.
The Hyundai pilot arrives as Tether continues investing in blockchain infrastructure and enterprise finance. As previously reported by crypto.news, the company invested $20 million in Mercado Bitcoin on July 7 to support the Brazilian digital asset platform’s expansion into tokenized assets, blockchain payments, lending and on-chain capital markets.
Tether said it is prioritizing companies that combine regulatory approvals with blockchain infrastructure capable of serving institutional demand.
Recent activity has extended beyond Latin America. During June, Tether announced plans to lead a funding round of up to $1.4 billion for German robotics company NEURA Robotics, signed a memorandum of understanding with the Dubai Multi Commodities Centre on tokenization initiatives and blockchain education, and confirmed it would discontinue Alloy by Tether and its aUSDT token following a review of market demand and platform usage.
Hyundai has completed a $20,000 USDT transfer from its US subsidiary to its Mexico subsidiary using the Avalanche blockchain, marking a significant step in adopting blockchain technology for corporate treasury operations.
Pilot transaction and technology partnersThis pilot initiative, led by Hyundai Card, sought to evaluate whether stablecoin-based payments on blockchain networks could enable faster settlements compared to traditional bank transfers. The transaction settled in approximately seven minutes, a notable improvement over the three to four hours typically required for conventional interbank transfers.
To carry out the pilot, Hyundai Card collaborated with Tether, which provided the USDT stablecoin; Ava Labs, the developer of the Avalanche blockchain; and payments solution provider Axiym. These enterprises facilitated a real-world test of blockchain-based corporate payments, targeting internal treasury transfers between company subsidiaries rather than consumer transactions.
Mini dictionary: Avalanche, a layer-1 blockchain network developed by Ava Labs, is known for enabling high-throughput, low-latency decentralized applications and supports both custom blockchains and digital asset transfers.
By using the Avalanche network and USDT, Hyundai completed an intercompany payment in just seven minutes, while a typical bank transfer would have required three to four hours and involved multiple intermediaries.
Executives stated the pilot focused exclusively on enhancing the efficiency and speed of treasury management. Hyundai emphasized that this was not intended as a technology demonstration but as an operational trial to evaluate blockchain for corporate finance.
International expansion plansFollowing the US-Mexico transaction, Hyundai plans to expand the program to additional countries and include more currencies. A new European pilot, set for next month, will involve Visa and stablecoin issuer Circle, indicating the company’s focus on integrating blockchain into its global payments network.
Hyundai’s trial represents the first time a major South Korean enterprise has completed an internal cross-border payment using blockchain technology. The transfer was processed and recorded transparently on the Avalanche network, highlighting the potential for reduced settlement times and reliance on financial intermediaries.
MethodTransfer TimeParties InvolvedTraditional Banking3-4 hoursBanks, intermediariesBlockchain (Avalanche/USDT)7 minutesHyundai, Tether, Ava Labs, AxiymParticipants in the pilot project noted stablecoins’ capacity to enable fast transactions outside regular banking hours, underscoring their benefits for corporate treasury functionality.
With this trial, Hyundai signaled a broader ambition to evaluate blockchain-driven payment solutions for internal use, pending operational review and regulatory compliance.
Next steps and future outlookHyundai intends to assess the outcomes of the recent pilot before scaling the solution in other jurisdictions. Future deployment will depend on operational results and ongoing compliance evaluations.
As the upcoming Europe-based pilot with Circle and Visa approaches, Hyundai continues to explore the potential for stablecoins and blockchain infrastructure to streamline payment operations within its global corporate structure.
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.
Bridgetower just turned an $11 billion copper-gold mine into a token. The company’s platform tokenized the DOM X Arizona Copper-Gold Project on Avalanche’s C-Chain, issuing a security token called AZX1 that gives institutional investors exposure to one of the largest commodity-backed digital assets ever created.
Bridgetower has a $25 billion pipeline targeting natural resources, energy, and metals, which means the Arizona project is less a standalone experiment and more the first domino in an ambitious tokenization strategy.
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What Bridgetower actually built The current distributed value of AZX1 sits in the hundreds of millions, according to on-chain data, which aligns with how these structured products typically roll out in tranches rather than all at once.
Bridgetower chose Avalanche’s C-Chain as the settlement layer, which is the EVM-compatible chain that handles smart contracts. Chainlink plays a critical supporting role here, providing Proof of Reserve verification and daily NAV (net asset value) data feeds. The AZX1 token contract lives at 0x3a72f3b5a6fa1cdf30f3820c58987c25bc947698 on Avalanche C-Chain.
Why commodity tokenization matters right now Bridgetower isn’t operating in a vacuum. The real-world asset tokenization sector has been one of the fastest-growing segments in crypto, with major financial institutions from BlackRock to Franklin Templeton launching their own tokenized products. Most institutional RWA activity has concentrated on treasuries and money market funds. Commodity-backed tokens at this scale represent a meaningfully different risk and return profile.
The $25 billion pipeline Bridgetower is targeting includes cash-generating assets across natural resources, energy, and metals. This also isn’t Bridgetower’s first collaboration with Avalanche. The company previously launched institutional staking reward products on the network.
What this means for investors The compliance framework Bridgetower built with Chainlink’s tools addresses some concerns around verification, but tokenized mining projects remain a relatively untested asset class. Investors watching this space should pay close attention to how AZX1’s distributed value tracks against its NAV data feeds over time, because that spread will reveal how much the market actually trusts the verification infrastructure underpinning the token.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
When one of Japan’s largest financial conglomerates and a top-5 megabank choose to build a new on-chain finance venture on Solana, it signals more than a routine partnership. SBI Holdings, alongside Sumitomo Mitsui Financial Group (SMFG), is restructuring its existing SBI R3 Japan consortium into SBI Solana Global, with the Solana Foundation joining as a core participant. The move, first detailed in the original report, ties a major regulated financial group directly to a permissionless layer-1 network in a way few traditional institutions have attempted.
The initiative will focus on concrete financial applications: yen-denominated stablecoins, tokenized real-world assets including bonds, funds, and real estate, cross-border payment rails, and institutional-grade on-chain financial services. The partnership explicitly aims to bridge Japan’s tightly regulated financial markets with global blockchain liquidity, positioning Tokyo as a hub for on-chain finance in Asia. This is not a proof-of-concept. It is a business line pivot backed by a $300 billion banking arm.
Why Solana and Why Now SBI is no newcomer to digital assets. It operates a crypto exchange, has invested in Ripple, and runs blockchain funds. Choosing Solana for this venture, however, marks a departure from the consortium-led, enterprise-blockchain path it previously pursued with R3’s Corda. Solana’s high throughput, low fees, and growing institutional tooling make it a plausible infrastructure for asset tokenization at scale, but the network’s periodic outages have been a sticking point for risk-averse financial players. SBI’s willingness to rebrand the entity around Solana suggests a calculated bet that the network’s reliability trajectory—backed by Firedancer upgrades and validator diversity efforts—now meets institutional thresholds.
Solana has steadily gained ground in the real-world asset space. In a separate development, total on-chain RWA value recently crossed $20 billion, driven by Treasury tokenization and private credit protocols, as covered in our weekly tokenization roundup. Developer engagement on Solana also remains among the strongest across major blockchains, trailing only Ethereum and BNB Chain in recent activity rankings, according to the latest developer activity data. Those metrics likely factored into SBI’s infrastructure decision.
Stablecoins and a Regulated Yen-Rail The ambition to issue JPY stablecoins under a regulated framework is the most consequential element. Japan already has a stablecoin licensing regime, and major banks like Mitsubishi UFJ have explored their own issuance. An SBI-Solana collaboration could produce a widely used, compliant yen stablecoin that connects domestic payment systems to DeFi protocols and global settlement networks. If SMFG’s involvement extends to distribution and reserve management, the stablecoin might gain the kind of banking credibility that privately issued alternatives struggle to achieve.
Cross-border payments are another lane where the partnership may move quickly. Japan’s remittance corridors, particularly within Asia, are high-volume and often expensive. A stablecoin-based rail running on Solana’s sub-second finality could undercut correspondent banking costs, provided it meets Anti-Money Laundering and sanctions compliance standards. SBI’s experience with international money transfers through SBI Remit gives it the operational know-how to deploy something beyond a pilot.
Regulatory Wind at the Back Japan’s regulatory posture makes the timing notable. While US lawmakers wrangle over crypto legislation—with banks recently attempting to derail a major Senate bill just days before a vote (more on that here)—Tokyo offers a clearer path. The Financial Services Agency has licensed stablecoin issuers and is actively encouraging Web3 business formation. SBI’s move reads as a direct attempt to capitalize on that regulatory certainty, building a vertically integrated on-chain finance stack that includes asset origination, tokenization, custody, and payment execution under Japanese oversight.
That does not guarantee immediate market uptake. Japanese institutional investors have been cautious about DeFi yields, and retail stablecoin usage remains low relative to cash and bank deposits. The partnership will need to demonstrate clear utility—likely starting with interbank settlement or institutional bond tokenization—before it attracts broader liquidity.
What Remains Unanswered Several questions hang over the announcement. The exact timeline and capital commitment from any of the partners were not disclosed. It is also unclear how the renamed entity will handle interoperability with other networks, or what role SBI’s existing Ripple relationship might play. Solana’s ability to handle regulated issuance at scale will be tested; compliance at the protocol level remains a work in progress. And the success of a Japan-centric on-chain market depends on whether Asian institutional liquidity providers commit to using a Solana-native settlement rail over incumbent systems.
Still, the coalition behind this venture—a financial conglomerate, a megabank, and a top-tier blockchain—is unusual enough to reset expectations about how quickly wholesale on-chain finance is moving from white papers to balance sheets.
AUTHOR
Former SAP Finance consultant turned blockchain enthusiast, bringing expertise to the decentralized world. With a strong focus on decentralized systems, cryptocurrencies, and emerging innovations, Aisshwarya constantly stays updated on the latest trends and developments in the blockchain space. Through insightful analyses and thoughtful commentary, Aisshwarya aims to educate and inspire others to explore the potential of blockchain, offering valuable perspectives on its impact on the future of finance, security, and beyond.
Solana’s growth story is often told through speed, fees, and developer momentum. Address growth adds another layer, but it needs to be read carefully. A higher wallet count can be encouraging, yet it does not automatically prove that a network has deeper economic activity.
That is the right way to look at the current Solana signal. The market wants to know whether user growth is sticky, whether dApps are retaining activity, and whether validators and applications are seeing enough demand to make the network’s momentum durable.
For more details, visit the official GitHub platform.
TL;DR Solana address-growth data has returned to the discovery pack as a market signal.The useful question is whether wallet growth translates into repeat users and real application demand.The article should avoid overstating the GitHub proposal page as a direct on-chain dashboard. Address Growth Is Only The First Question New wallets can reflect real adoption, speculative farming, airdrop behaviour, or short-term campaign activity. That is why address counts are useful, but not complete. They need to be paired with fees, transactions, DEX activity, app usage, and retention.
For Solana, the positive case is that low fees and fast execution make it easier for users to keep coming back. The challenge is proving that those users are not just passing through.
What Would Make The Signal Stronger The strongest confirmation would come from broader app-level data: more users on DeFi protocols, stronger NFT or gaming activity, sustained stablecoin transfers, and fee demand that does not disappear after incentives fade.
Until then, address growth is a constructive sign, not a finished thesis. Solana has the attention. The question is how much of that attention becomes durable network value.
Why The Detail Matters Now The practical takeaway is that Solana stories now have to be read through both market structure and product execution. A headline can create attention, but the more durable signal is whether the underlying source points to real activity, a real filing, a real integration, or a measurable change in how users and institutions behave.
That is why this development is worth separating from ordinary market noise. It gives readers a specific point to track over the next few sessions rather than a vague reason to be bullish or bearish. If follow-up data confirms the direction, the story can build. If not, it still gives the market a clearer snapshot of where attention is concentrating today.
The Market Read The cleaner way to read this story is not to force it into a simple bullish or bearish box. For Solana readers, the useful part is the change in context. A new filing, integration, market signal, or regulatory step can alter how traders think about the next few sessions even when it does not instantly change price.
That is especially true after the last few volatile weeks, when crypto has been dealing with a mix of ETF flows, legal updates, exchange listings, protocol upgrades, and shifting liquidity. The market is no longer reacting to one dominant theme. It is weighing several smaller signals at once, and that makes source-backed developments more important than ordinary chatter.
Why Readers Should Keep This On The Radar For NewsBTC readers, the important question is what this changes from here. If follow-up data, filings, governance updates, or wallet movement confirm the direction, the story can develop into a larger market theme. If the next update is weak, delayed, or contradicted by new data, the market may quickly move on.
That is why the scope matters. This article is not treating the development as a guaranteed price trigger. It is treating it as a fresh signal inside a market that is trying to sort durable activity from short-term noise. The distinction is important because crypto narratives can move faster than the facts behind them.
The next thing to watch is whether this becomes part of a wider pattern. In some cases that means more institutional flows. In others it means stronger developer adoption, cleaner regulatory access, deeper exchange liquidity, or a clearer technical roadmap. Either way, the story is strongest if it is followed by measurable execution rather than another round of speculative headlines.
This article is based on Solana ecosystem materials and the source pack’s network-growth lead.
This article was written by the News Desk and edited by Samuel Rae.
Solana is maintaining its short-term support between $74 and $77, leaving open the possibility of another move toward the $87 and $100 resistance levels. Despite the current consolidation, analysts note that the broader chart pattern leaves space for a deeper correction, potentially dipping into the $30 to $52 accumulation area before a more significant recovery takes hold.
Support Holds as Buyers Absorb PressureSOL is currently consolidating after a recent rebound, indicating a period of stabilization. The daily chart suggests that buyers are actively absorbing selling pressure, allowing the broader recovery structure to remain in place. Such controlled declines have so far prevented a rapid loss of momentum among bullish traders.
At present, Solana is holding above a clear rising trendline, with price action clustered around the $77 mark. The coin continues to hover near a supportive cloud zone stretching from $74 to $77, making this range crucial for determining the next directional move in the market.
A decisive rebound from current levels could push SOL toward the major resistance at $87.20. If the price can break and sustain a position above this barrier, the next targets include $96, followed by the psychologically important $100 to $104 zone.
Strength above the $87 region could provide the momentum needed for Solana to challenge higher resistance bands, potentially opening a path toward new highs.
However, the bullish scenario remains vulnerable. If the daily chart loses the rising trendline and SOL drops below $74, this would undermine the positive outlook and increase the risk of a decline toward the upper $60 range.
Correction May Offer Long-Term Accumulation OpportunityTechnical analyst Crypto Patel pointed to the possibility of a deeper correction, referencing a three-week Solana chart formation. This setup highlights a major long-term accumulation zone between approximately $30 and $52, where longer-term investors might see an opportunity for strategic entries.
Following its drop from the $240 resistance zone, SOL now trades near $77, still well below significant barriers at $95 to $100 and $140. As a result, the wider trend has yet to turn convincingly bullish.
Crypto Patel identified a green fair value gap as a potential low-risk accumulation area. If SOL retraces into this region, it could complete the correction phase and provide patient buyers with a more compelling entry point. However, the path to recovery requires Solana to stabilize and construct a durable support base within this zone.
A recovery sequence would likely begin with a reclamation of the $95 to $100 range. Overcoming this hurdle could improve market sentiment and open the door to a further rally toward $140.
A continued move above $240 would mark a powerful shift toward a long-term bullish reversal. Nevertheless, this prospective trajectory remains uncertain, as SOL might start to recover earlier, or drop below the $30 threshold, compromising the broader bullish framework.
Mini dictionary: Crypto Patel is an independent cryptocurrency chart analyst who shares technical insights and trading ideas on platforms including X (Twitter), focusing on medium- and long-term price structures for various digital assets.
Key SOL LevelsSupport/ResistanceImplication$30 – $52Support (Accumulation)Potential entry for long-term buyers$74 – $77SupportShort-term direction depends on this zone$87ResistanceBreak could signal upside momentum$95 – $100ResistanceRecovery acceleration zone$140ResistanceConfirmation of broader trend change$240Major resistanceBreak shows long-term bullish reversalAnalysts consider the area between $30 and $52 as an important accumulation zone for SOL, where downside risk may provide patient investors with a favorable entry point if current support levels break down.
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 secures a massive deal with SBI Holdings and SMFG to bring Japan's real-world assets, JPYSC stablecoin, and AI micropayments on-chain.
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Japanese financial giant SBI Holdings continues to steer the country's conservative capital market toward public blockchains. The conglomerate has announced a strategic partnership with the Solana Foundation, under which SBI R3 Japan will shift its focus and be renamed SBI Solana Global.
The project is being developed jointly with Sumitomo Mitsui Financial Group (SMFG). The new alliance will focus on the tokenization of real-world assets (RWAs), ranging from the issuance of stablecoins, including the yen-backed JPYSC stablecoin, to the digitization of corporate bonds, commercial paper, and real estate.
BREAKING: SBI Holdings is building a Japan-led onchain financial market on Solana.
With SMFG, a G-SIB, they're bringing RWA and stablecoin markets from Japan to the world. pic.twitter.com/3RBFszoBD6
— Solana (@solana) July 13, 2026 The infrastructure will also be designed for cross-border transfers and micropayments between autonomous AI agents. The main goal is to give local Japanese financial products direct access to global capital.
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The restructuring of SBI R3 Japan marks an important precedent for traditional finance. The entity was originally created around Corda, a private enterprise blockchain. Its transition to Solana indicates that Japan's largest banks are officially shifting their priorities, with closed interbank databases giving way to public Layer 1 infrastructure because of its high throughput, low fees, and extensive developer base.
At the same time, SBI continues to follow a multichain approach. The conglomerate is not abandoning its existing partnerships. Core B2B transfers and traditional payment gateways, for example, will continue to be supported by its long-standing partner Ripple. However, to build a flexible and dynamic digital securities market, SBI required a more advanced smart contract environment, which Solana provides.
Why Solana?The choice of technological infrastructure is supported by strict market pragmatism. According to current data from rwa.xyz, Solana is now the leading alternative Layer 1 network in the RWA sector:
The network ranks third globally, with $3.3 billion in tokenized assets and 697 active projects. By comparison, Avalanche holds $2.1 billion, while Ripple's XRP Ledger accounts for $322.9 million.The presence of almost 700 active contracts gives SBI access to an established investor ecosystem, removing the need to build liquidity from scratch.State of RWA tokenization on Solana, Source: rwa.xyzWith this in context, SBI Solana Global will begin scaling the platform in Japan before expanding its infrastructure to major financial centers across Asia, with the aim of becoming the region's leading regulated Web3 hub.
JupiterExchange has expanded its activities within Solana’s ecosystem by integrating into the tokenized card market. The platform now offers “Gacha” mechanics, enabling users to pull authenticated graded Pokémon and One Piece cards onchain. Participants can compete for rewards up to $100,000. This collaboration with Solana and Collector Crypt’s (CARDS) technology aims to tap into the growing interest in tokenized collectibles, as the market has seen substantial growth, evidenced by a $7.4 million weekly revenue peak in May 2026. The CARDS token, central to this initiative, continues to bolster its market presence with significant engagement.
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Activity within prediction markets reveals a cautious optimism regarding Solana’s price trajectory. While the integration introduces new utility and potential demand, market participants are assessing its impact on Solana’s valuation. Current market pricing implies a moderate increase in optimism, with a potential 10% move anticipated, although the source’s Tier 3 status tempers the expected impact.
Key Takeaways JupiterExchange’s entry into Solana’s card market suggests increased utility for the ecosystem, consistent with potential demand for SOL. Market pricing indicates a modest increase in optimism for Solana’s price, reflecting the integration’s possible impact. The CARDS token remains a focal point, with its market cap reflecting robust engagement in the tokenized card sector. What to Watch Watch for Solana’s price activity closely, particularly in relation to the prediction that SOL may reach $90 by the end of July. Key indicators include potential inflows from new financial products and continued growth in the tokenized card sector. Developments in Solana’s broader adoption and utility could further influence market sentiment. Observers should also keep an eye on any significant announcements from Solana Labs or its partners that may impact these forecasts.
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Term Structure
Contract Odds Δ since publish Volume 24h August 1 2026 15.5% — — View market → August 1 2026 0.5% — — View market → August 1 2026 0.1% — — View market → August 1 2026 1.5% — — View market → August 1 2026 0.9% — — View market → August 1 2026 0.8% — — View market → August 1 2026 4.5% — — View market → August 1 2026 0.7% — — View market → August 1 2026 12% — — View market → August 1 2026 0.1% — — View market → August 1 2026 1.7% — — View market → August 1 2026 0.1% — — View market → August 1 2026 53% — — View market →
Bitcoin slipped below $63,000 on Monday as renewed geopolitical tensions rattled global markets and pushed oil prices sharply higher. The largest cryptocurrency fell nearly 2% over the last 24 hours to around $62,500, down from near $64,300 early Monday morning.
Solana also dropped below $76, reaching its lowest level since July 1.
The sell-off extended beyond crypto. Gold fell 1.5% to just above $4,000 per ounce, while silver declined more than 2% to around $58.50.
Oil moved in the opposite direction. Brent crude futures jumped 3.25% to around $79 a barrel after fresh U.S. and Iranian military strikes renewed fears over energy shipments through the Strait of Hormuz.
Tehran targeted U.S. facilities across the Gulf on Sunday and said it had again closed the strait. Iran's Revolutionary Guards also said they attacked U.S. military bases in Kuwait and Bahrain on Monday.
According to a Reuters report, before the conflict began in late February, the Strait of Hormuz handled roughly 20% of global daily oil and liquefied natural gas supplies. Ship-tracking data showed vessel traffic through the passage fell to a 5-week low on Sunday.
Crypto Traders Face Widespread Liquidations The market decline caught leveraged traders heavily positioned for higher prices. CoinGlass data shows 67,063 traders suffered liquidations over the past 24 hours, with total losses reaching $253.11 million. Long positions accounted for $195.60 million, while short liquidations reached $57.51 million.
Bitcoin led individual crypto liquidations with $71.92 million, followed by Ethereum at $60.04 million. Solana recorded another $5.47 million.
Bitcoin ETF Outflow Streak Finally Ends Institutional flows offered a more positive signal for Bitcoin. U.S. spot Bitcoin ETFs attracted roughly $197 million last week, marking their first weekly net inflow in 9 weeks, according to SoSoValue data. The recovery ended an 8-week outflow streak that included $2.43 billion in May and $4.5 billion in June. July has now recorded $124 million in net Bitcoin ETF inflows.
Solana ETF demand tells a similar story. Spot Solana ETFs posted their first monthly net outflow in June 2026 at roughly $790,000. July inflows have recovered to $3.65 million so far.
Ansem Sees Solana Nearly Doubling to $150 Despite the recent weakness, prominent trader, Solana advocate, and Bullpen cofounder Ansem expects $SOL to nearly double from current levels. In a Sunday X post, Ansem forecast a move toward $150 over the coming months.
He previously argued that several crypto charts were "coiling under really important levels" and said he leaned toward a bullish breakout soon.
Ansem expects $SOL to reclaim the top of its range and reach $150 as the asset begins its first sustained uptrend in more than a year.
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Large-cap cryptocurrencies are spending much of mid-2026 moving sideways. While Bitcoin has stabilized, several leading altcoins are struggling to regain momentum as higher interest rates and cautious institutional activity keep volatility under control.
That slower environment is changing investor behavior. Instead of focusing only on established assets, many market participants are exploring earlier-stage projects where new products and ecosystems are still taking shape.
MemeToro ($MT) is one of the AI-focused presales attracting attention during this period.
XRP, Ethereum and Solana Face a Slower Market Each of these major cryptocurrencies is dealing with different challenges.
XRP started July trading close to $1.04, with buyers continuing to defend the important $1.00 psychological support level. Regulatory progress has improved sentiment compared to previous years, but price momentum remains limited.
Ethereum is also moving through a period of consolidation. Most forecasts place ETH within a broad trading range between $1,596 and $2,807, reflecting steady network activity but fewer immediate catalysts for a strong breakout.
Solana continues processing the majority of memecoin activity across the market, accounting for an estimated 60% to 70% of global memecoin volume. Even so, its price has cooled as macroeconomic conditions encourage investors to reduce exposure to higher-risk assets.
As one analyst summarized:
“Macro headwinds, shifting interest rate expectations, and a general cooling of spot ETF hype have trapped major capitals like ETH and XRP in strict consolidation. Volatility is no longer rising across the board. It is concentrating hyper-locally.”
That changing environment is encouraging investors to search elsewhere for growth opportunities.
Where Some Investors Are Looking Instead When established assets spend long periods moving sideways, capital often begins exploring projects that are still in earlier stages of development.
That does not necessarily mean abandoning large-cap cryptocurrencies.
Instead, many investors diversify by adding exposure to sectors showing stronger product development, including artificial intelligence, blockchain automation, and crypto presales.
Market researchers have observed a similar trend throughout 2026, with retail attention gradually moving toward projects that combine practical utility with earlier entry opportunities before public price discovery begins.
MemeToro: A Multi-Functional SocialFi Infrastructure MemeToro ($MT) is a decentralized ecosystem built on the BNB Chain that pairs a culture-focused aesthetic with practical DeFi utility and automated token tracking tools. The platform establishes a structured infrastructure for users to engage with modern digital asset trends securely and transparently.
Autonomous Trend Tracking: The protocol integrates a custom AI agent designed to monitor social data and assist in parsing emerging market narratives. Multi-Asset Incentive Pool: Users can earn programmatic platform rewards in both native $MT and $BNB through active product participation. Integrated Prediction Framework: The environment supports dedicated prediction markets alongside traditional staking programs to optimize platform liquidity. Vetted Smart Contract Security: All core operational functions deploy via thoroughly audited smart contracts to maintain strict operational integrity. The native $MT token functions as the core utility instrument powering access to these integrated applications. While the ecosystem provides advanced tracking analytics and verified tokenomics, participants should always conduct independent research before engaging with Web3 launches.
Getting Started With Your $MT Purchase Joining the MemeToro presale takes just a few minutes through a fully verified process:
Open the Presale Page: Head to the official MemeToro site and locate the active presale link. Set Up Your Wallet: Connect a compatible wallet configured for the BNB Chain network. Choose How to Pay: Fund your purchase with BNB, ETH, USDT, USDC, or a bank card. Lock In Your Tokens: Confirm the transaction and your $MT balance updates instantly. Once you’re holding $MT, the token opens doors well beyond the sale itself. It powers platform access, settles transactions across the ecosystem, and feeds into staking pools built for long-term holders.
Diversification Looks Different in 2026 Market leadership changes throughout every crypto cycle. At times, established assets drive returns. During quieter periods, investors often begin researching sectors that are still developing products and expanding their ecosystems.
XRP, Ethereum, and Solana remain among the most important blockchain networks in the industry, and many investors continue holding them for long-term exposure. At the same time, platforms like MemeToro ($MT) represent a different part of the market by focusing on AI-powered blockchain applications rather than competing as another Layer-1 network.
As capital rotates between mature cryptocurrencies and emerging ecosystems, diversification continues to be one of the defining themes shaping the second half of 2026.
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Website: https://memetoro.com/
X: https://x.com/memetoro_mt
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Solana (SOL) has experienced a significant price drop, falling below the $76 mark amid a substantial $253 million liquidation event. This event was primarily driven by long positions and coincides with fresh geopolitical tensions that have introduced increased volatility to the market. The current price band for Solana is between $75.59 and $76.63, marking a reversal from previous geopolitical-driven rallies. The drop represents approximately a 1.7% to 5.6% decline over the last 24 hours and about a 5% decline over the past week. Historically, such liquidation waves have led to short-term market disruptions rather than long-term impacts on asset prices.
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Key Takeaways The $253 million liquidation wave appears to be primarily affecting long positions in the Solana market. Pricing suggests market participants may interpret the recent geopolitical tensions as a negative influence on Solana’s short-term price stability. Current market behavior seems consistent with a decrease in confidence regarding Solana reaching higher price targets in the near future. What to Watch Market participants will be keenly observing any developments in the geopolitical landscape that could further influence Solana’s price. In particular, continued volatility could be consistent with scenarios where Solana struggles to maintain stability above key support levels. Additionally, any updates from major stakeholders such as Solana Labs or regulatory bodies could provide further direction. The market’s focus will likely be on whether Solana can recover to previous support levels or if further declines are imminent.
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Term Structure
Contract Odds Δ since publish Volume 24h August 1 2026 15% — — View market → August 1 2026 0.5% — — View market → August 1 2026 0.1% — — View market → August 1 2026 1.5% — — View market → August 1 2026 0.9% — — View market → August 1 2026 0.8% — — View market → August 1 2026 4.5% — — View market → August 1 2026 0.7% — — View market → August 1 2026 11.5% — — View market → August 1 2026 0.1% — — View market → August 1 2026 1.7% — — View market → August 1 2026 0.1% — — View market → August 1 2026 51.5% — — View market →
Cover image via depositphotos.com Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
Japanese financial giant SBI Holdings' move onto the Solana blockchain has sparked a major scandal and a public clash within the Cardano ecosystem. The Japanese corporation announced the creation of an alliance to launch stablecoins and tokenize assets, triggering a wave of criticism among ADA holders.
Historically, investors from Japan provided Cardano with around 90% of its initial funding, so the community viewed the rival deal as a crushing defeat and a failure of the project's official organizations.
On X, users began demanding that Charles Hoskinson take responsibility for losing the region. The platform founder responded in the harshest possible terms. Hoskinson flatly refused to accept personal blame, accused the community of "learned helplessness," and directly stated that the era of centralized project management from a single office was over.
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Why would it be? We started there, but we need commercial representation to make these deals. If you want them, then pay for them. Use the treasury to finance an initiative and seal deals. Or have learned helplessness over social media and earn bonus points for blaming Charles
— Charles Hoskinson (@IOHK_Charles) July 13, 2026 Hoskinson's position can be reduced to a strict formula — neither he personally nor IOG has a monopoly on commercial negotiations. For major contracts, Cardano has a shared Treasury governed through on-chain voting.
Hoskinson puts the burden of growth back on token holdersHoskinson stressed that if the community wants deals on the scale of SBI, it must fund commercial initiatives itself instead of begging for solutions on social media. In response to reminders about Cardano's historical ties with Asia, he demanded that his opponents produce legal mandates.
"Who is the entity? Who has the funding and official mandate? Show me the vote or contract. You cannot randomly assign this," Hoskinson snapped.
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The conflict has exposed a systemic challenge for Cardano. While Solana operates through aggressive, centralized foundations that directly secure integrations, Cardano is attempting to live by the rules of pure democracy, where every grant must pass through lengthy rounds of voting.
For developers facing declining liquidity, the founder's position looks like an attempt to distance himself from the problem. For Hoskinson himself, it is a manifesto: decentralization means that every token holder is now responsible for the network's commercial success, not a single prominent leader.
WTI and Brent crude oil both rose more than 6% intraday, as Houthi militants in Yemen attacked a Saudi airport.
According to Bitget market data, both WTI and Brent crude oil prices rose more than 6% intraday. Reports say Yemen’s Houthi forces attacked a Saudi airport.
5 hours ago
The three major U.S. stock indexes fell across the board, with the Nasdaq Composite once dropping more than 1.3% and SanDisk’s stock plummeting over 12%.
According to Bit.com market data, U.S. stock markets continue to slump, with all three major indexes falling. The Nasdaq once dropped over 1.3%, led by tech stocks: SanDisk fell 12.28%, Western Digital and Seagate Technology both dropped more than 6%, Micron fell 5.53%, SK Hynix fell 7.6%, Intel fell over 6%, and SpaceX fell 4.36%. On the news front, Trump said he would immediately reimpose a blockade on Iran and impose a 20% fee on cargo shipments. Later, Federal Reserve Governor Waller stated that if the core inflation data released this week remains high, the Federal Reserve will need to consider raising interest rates in the near term. Waller noted that the recent rise in core inflation is a cause for concern, with tariffs, rising energy prices, and demand for AI investment being the main factors driving up inflation.
5 hours ago
Waller sets tone on Tuesday's CPI: Hot inflation will support near-term interest rate hikes.
Federal Reserve Governor Christopher Waller said Monday that the U.S. Federal Reserve may need to raise interest rates in the near term if future data shows inflation remains well above the 2% target, describing current monetary policy as being at a crossroads. Waller noted that the path forward will be determined by new data such as the CPI report to be released Tuesday, adding that if data trends turn unfavorable, the Fed is currently in a phase where it should not slack off. Waller stated: "At the current policy level, inflation still has a chance to gradually fall back to the 2% target. But I am equally concerned about the opposite scenario: data in the coming weeks will show inflation remaining at high levels or even continuing to rise, which would require tighter monetary policy in the near term." He specifically noted that he is concerned recent inflation reports show price pressures appear to be broadening across the economy, beyond the impacts of last year’s import tariff hikes or recent energy cost increases, which may reflect broader systemic inflation and would require tighter monetary policy. Waller added: "If this week’s core inflation rate comes in hot again, the Federal Open Market Committee (FOMC) will have to consider tightening monetary policy in the near term. It will take months of sustained lower inflation data to confirm that inflation is moving in the right direction." (Jinshi)
5 hours ago
Mizuho: Circle’s Approval by U.S. National Trust Bank Fails to Alter Its Fundamentals, USDC Still Faces Growth and Competitive Pressures
Japanese investment bank Mizuho stated that Circle’s final approval from the U.S. Office of the Comptroller of the Currency (OCC) to establish the First National Digital Currency Bank is a positive development, but it does not address the firm’s core current challenges. Mizuho maintains a "neutral" rating on Circle, warning that the market’s reaction to this positive news may be overly optimistic. The firm notes that since March this year, USDC’s circulating market capitalization has fallen by roughly $70 billion to around $740 billion, a sign of slowing growth momentum that could weigh on Circle’s transaction revenue and reserve earnings. Additionally, Mizuho highlights that Open USD (OUSD), a stablecoin complying with the GENIUS Act and launched by over 140 financial and tech firms including Mastercard, Stripe, and Coinbase, is intensifying market competition. As more consortium-based stablecoins emerge, the stablecoin sector may become more homogeneous, making it increasingly difficult for Circle to retain its competitive advantage.
5 hours ago
Brent crude oil breaks through $80 per barrel, rising 5.35% on the day.
According to Bitget market data, Brent crude oil has broken through $80 per barrel, rising 5.35% intraday; WTI crude oil is up more than 5.7% on the day, currently trading at $75.45.
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Waller: If the AI bubble bursts or sees a sharp correction, financial conditions will undergo significant changes.
Fed Governor Christopher Waller said that if an AI-related asset bubble bursts or the market experiences a sharp correction, financial conditions will undergo "considerable changes." Waller noted he does not want the Federal Reserve to raise interest rates prematurely to avoid triggering a recession, but also emphasized that the Fed must not repeat the mistake of being slow to respond to inflation in 2021. He believes the current labor market remains stable, and there are "credible reasons" to expect inflation to continue falling without further policy tightening. However, Waller warned that relying solely on market expectations of inflation declining is insufficient to justify the Fed holding pat. If the Fed waits until market confidence fades to act, it may have to raise interest rates more aggressively to catch up with inflation. "We cannot afford to turn a blind eye to inflation until it is completely gone," he said.
Japanese financial services leader SBI Holdings has announced a major initiative with the Solana blockchain, forming an alliance intended to support the launch of stablecoins and asset tokenization. This move has stirred controversy and discontent in the Cardano ecosystem, especially among dedicated ADA investors.
SBI’s partnership ignites backlash among ADA holdersSBI Holdings is one of Japan’s most prominent financial institutions, known for its strong presence in banking, securities, and digital asset sectors. Its decision to collaborate with Solana has been seen by many Cardano supporters as a significant setback, given Japan’s vital historical role in funding Cardano during its early phases.
Approximately 90% of Cardano’s original capital reportedly came from Japanese investors. Since then, the region has been central to the platform’s identity and ambitions. The new partnership with Solana caused some ADA holders to question the strategies and effectiveness of Cardano’s leadership, raising concerns about missed opportunities for the network.
Many in the community interpreted the development as a “crushing defeat” and demanded to know why Cardano’s leading organizations had not secured a similar deal. This frustration led to an outpouring of reactions on social media, particularly on X, where platform founder Charles Hoskinson came under direct criticism.
Charles Hoskinson responds with strong statementsCardano founder Charles Hoskinson, who also leads Input Output Global (IOG), was quick to address the wave of criticism targeting him and the organization. He unequivocally rejected claims of personal responsibility for the SBI deal, suggesting that the Cardano community was exhibiting “learned helplessness” and emphasizing that the era of centralized dealmaking from a single office was over.
Hoskinson clarified that neither he nor IOG holds exclusive rights to commercial partnerships for Cardano. Instead, he pointed to Cardano’s decentralized governance, which channels major funding and business proposals through its Treasury system and requires on-chain community votes for approval.
In an exchange on X, Hoskinson challenged his critics to provide clear evidence of legal authority or official mandates authorizing such negotiations. He stated, “Who is the entity? Who has the funding and official mandate? Show me the vote or contract. You cannot randomly assign this.”
Debate spotlights Cardano’s decentralized structureAccording to Hoskinson, if Cardano’s supporters want to match deals like SBI’s Solana collaboration, they must organize and fund similar initiatives through formal proposals, not rely on central figures. In his view, decentralization places the burden for commercial growth on every token holder, not just project founders.
This approach stands in contrast to Solana’s strategy, which involves a more aggressive, centralized foundation actively brokering partnerships and securing integrations. Cardano’s reliance on direct democracy, with community-led voting determining grant allocations, can result in slower responses to new opportunities and competitive developments.
For some developers and investors coping with reduced liquidity, Hoskinson’s response was interpreted as an attempt to step back from direct responsibility. For Hoskinson, however, the message was clear: Cardano’s destiny now lies with its global token holders, empowered by a system designed to avoid single-point failures or central control.
Mini dictionary: Input Output Global (IOG) is the engineering and research company founded by Charles Hoskinson, focusing on the development of Cardano and other blockchain projects.
NetworkGovernance ModelPartnership ApproachRecent Major DealCardanoOn-chain community votingDecentralized, proposal-basedN/A (no recent Japan partnership)SolanaFoundation-centricCentralized decision-makingSBI Holdings partnershipDisclaimer: 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 has emerged as the leading blockchain in dApp revenue, generating over $18 million in the past week, according to data from @SolanaFloor. The report highlighted that Solana’s decentralized applications (dApps) outperformed those on other blockchains, marking the ninth consecutive quarter of Solana’s dominance in this metric. The top revenue contributors were @pumpfun, @Collector_Crypt, and @pacifica_fi, with a strong showing in memecoin launches and consumer applications. This substantial revenue generation suggests sustained high activity on the Solana network, despite broader market volatility.
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In the prediction markets, the performance of Solana’s dApps is seen as a potential indicator of Solana’s market prospects, with the data appearing to influence investor sentiment. The market for Solana reaching $90 in July is currently priced at 14% YES, reflecting a shift in optimism. This follows the report from @SolanaFloor, which some market participants interpret as a positive indicator for Solana’s financial trajectory.
Key Takeaways Solana’s dApps generated over $18 million in revenue last week, outperforming other blockchain platforms. Market pricing suggests this revenue surge may influence Solana’s market performance positively. Top contributors to the revenue were @pumpfun, @Collector_Crypt, and @pacifica_fi, indicating robust activity in specific sectors. What to Watch Market participants are closely monitoring further developments in Solana’s dApp ecosystem and overall network activity. Any continuation of high revenue generation could further influence market sentiment and pricing. Key indicators to watch include the deployment of the Alpenglow upgrade and potential financial product approvals by the SEC. These factors could significantly impact Solana’s competitive position and pricing dynamics in the coming weeks.
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Term Structure
Contract Odds Δ since publish Volume 24h August 1 2026 13% — — View market → August 1 2026 0.5% — — View market → August 1 2026 0.1% — — View market → August 1 2026 1.8% — — View market → August 1 2026 0.8% — — View market → August 1 2026 0.8% — — View market → August 1 2026 4% — — View market → August 1 2026 0.7% — — View market → August 1 2026 13% — — View market → August 1 2026 0.1% — — View market → August 1 2026 1.6% — — View market → August 1 2026 0.1% — — View market → August 1 2026 55.5% — — View market →
Japanese financial giant SBI Holdings and the Solana Foundation have partnered to build an onchain financial market in Japan, with plans to connect the country's financial assets to liquidity across Asia and global markets.
The strategic collaboration will focus on stablecoins and tokenized real-world assets, while also developing financial infrastructure for institutional investors, cross-border settlement and AI agents.
SBI Solana Global to Lead Onchain Expansion As part of the collaboration, SBI plans to rename ‘SBI R3 Japan', a company backed by SBI Holdings and Sumitomo Mitsui Financial Group, to ‘SBI Solana Global’ and pursue a new growth strategy centered on deploying financial infrastructure on the Solana network.
The company will support the issuance and distribution of stablecoins, including SBI's yen-denominated $JPYSC stablecoin. It will also help structure and distribute tokenized corporate bonds, commercial papers, funds, and real estate.
Beyond asset issuance, SBI Solana Global plans to develop cross-border settlement infrastructure and provide onchain financial services for institutional investors. The company also identified next-generation payment infrastructure for the AI-agent era as another focus area.
SBI said the business will provide integrated support across technology, issuance, distribution and settlement as it works to grow an onchain financial market from Japan.
Partnership Follows $JPYSC Launch The announcement comes roughly 3 weeks after SBI launched $JPYSC, Japan's first trust bank-backed yen stablecoin, on June 24. $JPYSC gives SBI an existing stablecoin product that could play a role in the new financial market. SBI Solana Global specifically named the stablecoin as one of the assets it plans to support for issuance and distribution.
The partnership also comes as stablecoins and RWAs gain a larger role in global financial markets. Onchain finance allows market participants to issue, distribute, and settle financial assets through blockchain networks.
SBI and the Solana Foundation aim to combine Japan's large pool of financial assets and established market participants with Solana's global network. The partners believe this could link Japan's domestic market more directly with global liquidity and strengthen the country's position as an onchain finance hub in Asia.
Japan Pushes Crypto Deeper Into Traditional Finance Japan has spent recent years developing a regulatory framework that brings stablecoins and digital assets closer to its mainstream financial system. On April 10, the Japanese cabinet approved a bill that would classify crypto assets as financial instruments. The House of Representatives advanced the bill in June, and the legislation could take effect next year if it clears the House of Councillors.
The proposed framework would place crypto under a regulatory regime similar to stocks, introducing stricter trading rules. It could also pave the way for more favorable tax treatment. Japan could reduce the maximum tax rate on crypto gains from 55% to a flat 20%, bringing it in line with the rates on stocks and bonds.
The regulatory shift creates a notable backdrop for SBI and Solana's plans to develop regulated onchain financial infrastructure in the country.
Solana Foundation Expands Its Footprint Across Asia The SBI partnership adds to a series of recent Solana Foundation initiatives across Asia. In late June, South Korea's KG Financial signed a memorandum of understanding with the Solana Foundation to bring stablecoin payments to its merchant network.
A day earlier, Toss Bank announced a strategic partnership with the foundation to test blockchain-based global remittance and settlement infrastructure.
Earlier in June, Kazakhstan's Alatau City also signed an agreement with the Solana Foundation to develop the city's innovation ecosystem, support technology startups, implement digital solutions, and train blockchain specialists.
SBI and the Solana Foundation now plan to use Japan as a base for deeper collaboration across Asia and global markets. Their latest partnership shifts the focus beyond individual blockchain products toward building financial infrastructure that could connect stablecoins, tokenized assets and institutional capital onchain.
Read More on SolanaFloor Solana Slips Below $76 as $253M Liquidation Wave Hits Traders Amid Fresh Geopolitical Tension
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Robinhood Chain (@RobinhoodCrypto) is barely two weeks old and it is already out-trading Ethereum by daily decentralized exchange volume. According to @DefiLlama data, the chain cleared $808 million in 24-hour DEX volume, placing it third across every blockchain, behind only Solana and BNB Chain.
A record debut for a brand-new chain Since launching its mainnet on July 1, Robinhood Chain has generated $3.1 billion in decentralized exchange trading volume over its first week, making it a top-five chain by DEX activity. On some days, it ranked third in 24-hour DEX volume across all chains, behind only Solana and BNB Chain. The network achieved all of this against a comparatively thin base: just $145 million in total value locked and around 36 protocols at the time of the milestone.
Robinhood launched the public mainnet of Robinhood Chain on July 1, an Ethereum layer-2 blockchain built on Arbitrum that is designed for tokenized real-world assets and decentralized finance. Day-one partners included Uniswap, deploying a dedicated AMM as the primary public liquidity protocol, alongside deep integrations from Alchemy, BitGo, and Chainlink, with fast block times and out-of-the-box lending and borrowing.
Built for stocks, filled with memecoins While the network was introduced as an Ethereum layer-2 focused on tokenized stocks and real-world assets, early on-chain activity was overwhelmingly concentrated in a handful of newly launched memecoins. A significant chunk of that activity came from an unlikely source: a memecoin called Cash Cat, which alone drove roughly $98 million in 24-hour trading volume on July 8. Robinhood Chain memecoins carried a combined market capitalization of about $254 million and generated more than $658 million in 24-hour trading volume.
Per @DefiLlama, real-world assets account for roughly 4% of the chain's activity. Bernstein analyst Gautam Chhugani noted that about 65,000 users now hold $13 million in tokenized stocks and $300 million in stablecoins on the chain. While early trading has been driven by memecoins, Bernstein expects Robinhood to increasingly focus on tokenized real-world assets, including stocks and commodities, alongside perpetual futures.
Despite the impressive start, questions remain over the network's long-term sustainability. Critics have raised concerns about the chain's centralized architecture, including reliance on a single sequencer, as well as transaction failures during periods of heavy demand. Others argue that sustained success will depend on whether Robinhood can transition from memecoin-driven speculation to deeper liquidity for tokenized stocks and other real-world assets.
Sources:
The Block: Robinhood Chain draws over $3 billion in weekly DEX volume, Bernstein
CoinDesk: Robinhood Chain scores strong debut, Bernstein says
Robinhood Newsroom: Robinhood Chain Public Mainnet announcement
TLDR: The SBI Solana partnership will create a Japan-focused platform for yen stablecoins, tokenized assets, institutional settlement, and cross-border payments. The Solana Foundation will acquire an equity stake in SBI R3 Japan, which is expected to become SBI Solana Global after corporate approvals. The venture plans to tokenize corporate bonds, commercial paper, investment funds, and real estate while linking Japanese assets with global liquidity. Important commercial details remain undisclosed, including the equity stake size, individual product launch dates, fees, and expected revenue. SBI Holdings has formed a strategic alliance with the Solana Foundation to develop an institutional blockchain market in Japan. The SBI Solana partnership will support yen stablecoins, tokenized assets, cross-border payments, and on-chain settlement services.
Under the agreement, the Solana Foundation will take an equity stake in SBI R3 Japan. The company plans to rename the unit SBI Solana Global after completing standard corporate procedures.
BREAKING: SBI Holdings is building a Japan-led onchain financial market on Solana.
With SMFG, a G-SIB, they're bringing RWA and stablecoin markets from Japan to the world. pic.twitter.com/3RBFszoBD6
— Solana (@solana) July 13, 2026
Existing shareholders SBI Holdings and Sumitomo Mitsui Financial Group will stay involved. Financial terms, product launch dates, and revenue targets have not been disclosed. SOL traded 3.52% lower as the announcement entered the market.
SBI Solana Partnership Sets Institutional Market Structure The new company will combine SBI’s financial network with Solana’s public blockchain infrastructure. The SBI Solana partnership aims to move selected Japanese financial products onto open blockchain rails under institutional controls.
Japan already has established rules for stablecoins and security token offerings. Stablecoins fall under the Payment Services Act, while tokenized securities operate within existing disclosure requirements. That framework gives the venture a regulated base for developing products tied to domestic assets.
Solana brings fast settlement, low transaction costs, and access to global blockchain liquidity. SBI brings distribution channels, regulated entities, and relationships across Japan’s financial sector. The structure could help institutions issue, trade, and settle assets without building separate blockchain systems.
The Solana Foundation will join SBI Holdings and Sumitomo Mitsui Financial Group as a shareholder. The expected SBI Solana Global name marks a shift from enterprise blockchain work toward public network infrastructure. The size of the foundation’s stake has not been released.
The SBI Solana partnership also seeks to connect Japan-originated assets with overseas investors and payment networks. That plan may expand the reach of regulated yen products beyond domestic trading venues. Distribution arrangements across SBI group companies remain undecided.
Tokenized Assets and Yen Stablecoins Lead the Roadmap Stablecoins form the first part of the plan. SBI Solana Global expects to support the issuance and distribution of JPYSC and other yen-denominated tokens. These assets could serve payments, trading, treasury operations, and settlement between institutions.
Tokenized assets form another major area. The partners plan to place corporate bonds, commercial paper, investment funds, and real estate interests on Solana. The SBI Solana partnership could give issuers faster settlement and broader access to investors, depending on final product structures.
Cross-border infrastructure will link Japanese assets with global liquidity pools. SBI also plans institutional services that use blockchain for issuance, transfers, recordkeeping, and settlement. Specific products, fees, and market access rules have not been announced.
A fourth focus involves payment systems for AI agents. These systems would allow automated software to send and receive payments under defined controls. SBI has not provided a launch date or technical design for the service.
The venture follows other digital asset projects across the group. SBI has worked on regulated yen stablecoin, stablecoin distribution, tokenized asset trading, and possible exchange expansion. The SBI Solana partnership brings those efforts onto one public blockchain platform. SBI has not named the group company that will distribute the first products.
SBI Holdings has entered into a strategic partnership with the Solana Foundation to develop a blockchain-based financial infrastructure led out of Japan. The collaboration aims to create a regulated platform that will enable the issuance of yen stablecoins, tokenized assets, institutional settlement, and cross-border payments, targeting both domestic and global markets.
Solana Foundation acquires stake, partnership structure revealedAs part of the agreement, the Solana Foundation will acquire an equity stake in SBI R3 Japan, a subsidiary of the financial conglomerate SBI Holdings. Following routine corporate procedures and approval, the unit will be renamed SBI Solana Global. SBI Holdings will maintain its position as a principal shareholder, joined by Sumitomo Mitsui Financial Group, one of Japan’s largest banking institutions, which will also retain its involvement.
The deal marks a significant step for all parties, as SBI Holdings is one of Japan’s leading financial service groups with interests spanning banking, securities, and asset management. The Solana Foundation is a non-profit dedicated to supporting the growth and adoption of the Solana public blockchain, a network known for its high throughput and low transaction costs.
SBI Holdings is building a Japan-led onchain financial market on Solana in partnership with Sumitomo Mitsui Financial Group, aiming to bring regulated asset and stablecoin markets from Japan to a global audience.
Financial specifics, stakeholder percentages, and detailed terms of the agreement have not been disclosed. The announcement coincided with a 3.52% dip in the price of SOL, the native token of the Solana network.
Japan regulatory framework underpins product roadmapJapan already has established regulations governing stablecoins and security token offerings. Yen-pegged stablecoins operate under the Payment Services Act, while tokenized securities must comply with conventional disclosure requirements. These frameworks are expected to provide a clear regulatory foundation for the SBI Solana venture as it seeks to bring traditional assets onto blockchain networks.
Solana will contribute its robust blockchain infrastructure, giving institutional players rapid settlement, affordable transaction costs, and direct access to global liquidity pools. SBI brings its distribution channels, access to regulated markets, and extensive relationships across the Japanese financial sector.
The new venture expects to connect Japanese-origin assets and yen stablecoins to overseas investors and payment networks. Distribution details across the broader SBI group remain undecided.
Mini dictionary: Solana Foundation, a non-profit organization established to accelerate the adoption, growth, and security of the Solana blockchain globally. The Solana public blockchain is recognized for its speed, low fees, and scalability, making it suitable for institutional and retail applications.
FeatureSBI HoldingsSolana FoundationMain RoleRegulated financial services, distribution, and product designPublic blockchain infrastructure and global liquidityFocus AreaJapanese financial assets, yen stablecoinsOnchain settlement, tokenized assetsShareholdingRemains principal shareholderAcquires equity stake in SBI R3 JapanFirst products: Yen stablecoins and tokenized assetsSBI Solana Global plans to support both the issuance and distribution of JPYSC and other yen-denominated tokens. These stablecoins are intended for use in payments, trading, treasury operations, and institutional settlements.
In addition, the venture aims to tokenize a range of assets, including corporate bonds, commercial paper, investment funds, and real estate. These products could benefit from faster settlement times and an expanded pool of investors globally, as permitted by regulatory structures.
Beyond stablecoins and tokenized assets, the initiative will support blockchain-based institutional services covering asset issuance, transfer, recordkeeping, and settlement. While the specific lineup of products, associated fees, and detailed user access rules are yet to be announced, the collaboration appears poised to bridge Japan’s regulated asset markets with international blockchain participants.
Another area of focus will be payment solutions for AI agents, which would enable automated software to conduct transactions under predefined rules. Technical details and launch timelines for these features have not been shared.
The SBI Solana partnership brings the group’s prior digital asset initiatives onto a unified public blockchain platform, advancing regulated yen stablecoin and tokenized asset services beyond their previous separate pilots.
SBI Holdings has yet to specify which company within the group will handle initial product distribution as the venture continues to develop its market strategy.
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 (SOL) is currently trading near $76.33 following a modest rebound of 0.41% over the past 24 hours, as the cryptocurrency hovers near a critical support range. The $73 to $76 zone continues to play a decisive role in the ongoing market dynamics, with traders closely monitoring its ability to hold this level for any signs of further bullish momentum.
Key support levels and trendlines in focusThe $73 to $76 region serves as a short-term support base for Solana. If the price drops below $73, downside risk could increase, especially if broader market weakness accelerates. For bulls, maintaining support above this level is essential to prevent a reversal in sentiment.
Technical analysts are also paying attention to a long-term downtrend line that has capped price rallies for several months. Crypto trader Jesse Peralta observed that SOL is now testing this resistance, and a confirmed breakout could shift the near-term trend in the asset’s favor.
Jesse Peralta highlights that Solana is closely pressing against its multi-month downtrend resistance, and a breakout above this structure could quickly shift the technical outlook in favor of buyers, targeting $90 and $100 as the next hurdles.
However, if the breakout attempt fails and price reverses below support, the recovery could lose steam. That keeps the $73 to $76 range as the linchpin for Solana’s next move.
Wyckoff accumulation and on-chain activity support bullish caseAnalysts have identified signs of a Wyckoff accumulation pattern in Solana’s recent price action. An independent trader, Seth, shared a chart suggesting SOL may have completed a prolonged selling phase, formed a support base, and is now attempting a sustained recovery.
Mini dictionary: Wyckoff accumulation, a phase in the Wyckoff method describing how large players gradually build positions after a downtrend, often resulting in sideways price action before a new upward trend begins.
Seth’s analysis indicates that SOL could be transitioning from a base-building phase to a potential breakout period, provided the current support range holds and buying interest continues to increase.
This potential setup often leads to extended sideways movement before a pronounced breakout. The successful defense of the support range is seen as critical for a continuation towards $90 and, if confirmed, $100.
On-chain activity is also adding to the optimistic outlook. Circle recently minted 250 million USDC on Solana, which has drawn additional attention to the network and suggested robust liquidity conditions.
Mini dictionary: Circle, a financial technology company, operates the popular stablecoin USDC, which is widely used for crypto trading and payments across multiple blockchains such as Ethereum and Solana.
Substantial USDC transactions on Solana are often interpreted as a sign of healthy network activity. While not a guarantee of an immediate price rally in SOL, stronger liquidity is viewed as supporting conditions for further upside if technical signals align.
Price targets: $90, $100, and $150Market participants have started looking towards higher resistance areas if the recovery builds momentum. Crypto trader Crypto Patel identifies $80 as the first level SOL must reclaim, followed by $90 and $100 as subsequent targets. He noted that Solana’s current position near a high-reward accumulation zone could pave the way for a move toward $150 if strength continues above these intermediate resistances.
However, traders remain cautious, emphasizing that $150 is not immediately within reach. The sequence of reclaiming $80, breaching $90, and securing a position above $100 is required before larger upside targets come into play.
LevelStatusSignificance$73 – $76SupportCritical for short-term bullish momentum$80Minor resistanceFirst step for a bullish breakout$90Major resistanceKey test for trend continuation$100TargetPotential turning point for broader rally$150Extended targetAspiration if prior resistances are clearedFor now, keeping price above support and reclaiming the $80 level are seen as crucial for confirming a change in direction. Traders are likely to remain vigilant until a definitive move materializes.
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.
SK Hynix just pulled off the biggest US listing ever by a foreign company. Then its stock dropped more than 9% the very next day.
The South Korean memory chip giant’s American Depositary Receipts debuted on NASDAQ on July 10 after raising approximately $26.5 billion, pricing 177.9 million ADRs at $149 each. On day one, shares opened between $170 and $173, a gain of roughly 13-15% from the issue price. On day two, the market pulled back hard, with shares declining more than 9%.
A record-breaking debut meets gravity SK Hynix’s $26.5 billion raise eclipsed Alibaba’s 2014 IPO, which had held the crown for over a decade as the largest US listing by a foreign company. The offering was oversubscribed more than seven times. SK Group Chairman Chey Tae-won attended the opening ceremony on NASDAQ. SK Hynix is one of the world’s leading producers of high-bandwidth memory chips, the silicon that makes modern AI systems actually work.
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Tokenized shares hit Solana On the same day as the day-two selloff, SK Hynix launched tokenized versions of its shares, branded as xStocks under the ticker SKHYx, on Solana and other blockchain platforms.
This allows trading of a blockchain-based representation of SK Hynix equity on decentralized infrastructure, 24/7, without needing a traditional brokerage account.
Why this matters for AI and crypto investors SK Hynix’s high-bandwidth memory chips are essential components in the GPU clusters that power large language models and autonomous driving systems. The seven-times oversubscription of this offering signals continued institutional appetite for AI hardware exposure.
For crypto-native investors, the tokenized share launch creates a pathway into AI infrastructure exposure without leaving the blockchain ecosystem. The product is available on Solana, which has been positioning itself as a chain for tokenized assets and high-throughput financial applications.
What investors should watch now is whether trading volume on the tokenized SKHYx shares builds meaningful liquidity, or whether the product remains a curiosity. If on-chain volume starts to represent even a small fraction of NASDAQ trading activity, it would validate the thesis that tokenized equities are moving from concept to infrastructure.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
As Spain and Argentina advance to the FIFA World Cup 2026 semi-finals, we saw one of the biggest Fan Token burns. While both national teams kept winning, millions in fan tokens were wiped from circulation through Chiliz’s Burn to Glory campaign.
Along with token burns, Fan Token Futures expanded to new exchanges and trading competitions grew in popularity.
Spain Leads Fan Token Burn Campaign Following their 2-1 victory over Belgium, Spain is the first fan token partner to take on the role of World Cup affiliate in the semi-finals. The win saw 1,161,234 SPAIN Fan Tokens burned, which were worth around $649,050.
After the burn, total supply of the SPAIN Fan Token is 27.25 million tokens. Spain also leads the Burn to Glory leaderboard with almost three million Fan Tokens burned during the tournament.
Spain Leads Fan Token Burn Campaign – Chiliz If Spain beats France in the semi-final, then it might easily break 3M mark.
Argentina has also remained on a winning streak. The reigning champions won against Switzerland to qualify for the final four, and the total number of ARG Fan Tokens burnt in the tournament has reached 160,000.
Argentina’s treasury burn will go from 5% to 7.5% if they make it to the semi-finals.
Belgium and Portugal Exit as Fan Token Trading Activity Grows While Belgium lost their World Cup quarterfinal, they are on the second place on the Burn to Glory leaderboard with 870,000 BELG tokens burned.
Portugal was knocked out of the tournament earlier in the competition. It lost to Spain in the Round of 16. Nonetheless, 208,000 POR Fan Tokens were burnt throughout the competition.
Meanwhile, crypto exchange LBank is also introducing more Fan Token trading features, such as perpetual futures for ARG and POR tokens. It will also add futures for some of the most popular club tokens, such as Atletico Madrid, Barcelona, Juventus, Paris Saint-Germain, Manchester City, Galatasaray, and Arsenal.
Chiliz additionally introduced live, weekly trader competitions to Vibe Trading and Battle Trade to enable traders to compete during actual games of the World Cup.
Chiliz Goes Beyond the World Cup The FIFA World Cup wasn’t the only thing that Chiliz has been working on for the past week. The company is now working on getting permission to introduce college sports fan tokens on the Socios app, following its approval in the U.S.
The rollout will be announced in the 2026 college sports season.
Prior to Spain & Belgium, Token Hunt was also held by the team of the SOCIOS, allowing users to collect thousands of SPAIN and BELG tokens as well as CHZ rewards.
Final Words In addition, Chiliz Chain also finished the Cancun, Prague, and Pascal network upgrades, which allow bringing newer Ethereum features to the network with better wallet functionality, execution, and EVM compatibility.
In the last week, the number of staked CHZ tokens increased by 20 million tokens, and the total of CHZ staked since the launch reached 990 million tokens.
If you are looking for the best liquid staking platforms for passive income, get the latest info on our liquid staking page.
Cover image via depositphotos.com Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
With almost 100 billion SHIB entering exchanges over the past 24 hours, Shiba Inu is under fresh selling pressure and investors are worried about another wave of distribution. Recent on-chain data indicates that exchange inflows totaled about 96 billion SHIB, while exchange outflows were about 112 billion SHIB.
Things aren't yet changingThe significant rise in tokens heading for trading venues indicates that many holders are once again getting ready to sell or reposition their holdings, even though netflows are still generally negative. Considering SHIB's weak market structure, the timing of the inflow surge is especially noteworthy. After months of persistent downward pressure, the meme coin is still trading close to $0.0000042.
SHIB/USDT Chart by TradingViewThe 50-day, 100-day, and 200-day EMAs are all above the current price action, and the asset is still below each major moving average on the daily chart. SHIB's situation is still challenging from a technical standpoint. The token formed a rising wedge pattern earlier this year, but it eventually broke downward.
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Since then, no significant reversal has been established, and every attempt at recovery has resulted in lower highs. The current bearish trend was reinforced when sellers absorbed recent bounce attempts in June and July. Another layer is added to the picture by the exchange flow data.
Available supply is hereLarge token movements on exchanges frequently signal a rise in holders' desire to sell their holdings. Exchange inflows increase available supply on trading platforms and tend to put pressure on prices when market demand is weak, even though they do not ensure instantaneous selling.
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The absence of strong accumulation signals elsewhere makes the situation more difficult for SHIB bulls. Compared to significant rallies observed earlier in the cycle, trading volume is still comparatively low, and momentum indicators are still in bearish territory. Due to a lack of buying conviction, the RSI is still below the neutral 50 level. Nevertheless, not all trading activity is inherently negative.
Some investors transfer funds for portfolio rebalancing, arbitrage opportunities, or liquidity. Furthermore, the market is not yet seeing a panic-driven rush to sell, as evidenced by the comparatively stable total exchange reserves. However, a consistently weak chart and daily exchange inflows of almost 100 billion SHIB indicate that sellers are still in control for the time being.
Shiba Inu is experiencing renewed selling pressure after almost 100 billion SHIB entered centralized exchanges over the past 24 hours. New on-chain data shows that exchange inflows reached about 96 billion SHIB, while outflows stood at approximately 112 billion SHIB during the same period.
Technical setbacks for SHIBShiba Inu, an Ethereum-based meme coin with a loyal community, continues to struggle below major resistance levels. The asset is trading near $0.0000042, close to multi-month lows, reflecting a weak market structure that has persisted for several months.
Current technical analysis reveals that the 50-day, 100-day, and 200-day exponential moving averages (EMAs) are all positioned above SHIB’s current price, indicating ongoing bearish momentum. After forming a rising wedge pattern earlier in the year, the token broke lower and has yet to confirm a meaningful reversal.
Attempts to recover since then have failed, with each bounce capped by lower highs. The bearish outlook intensified when sellers effectively absorbed upward moves in June and July, prompting further caution among investors.
On-chain activity raises concernsLarge volumes of SHIB moving onto exchanges often precede increased selling activity or shifting investor strategies. When more tokens are deposited into exchange wallets, the available supply for trading rises and applies further pressure to prices if market demand remains subdued.
Despite the elevated inflows, overall netflows have stayed negative as outflows modestly surpassed inflows. However, analysts note that a sequence of daily inflows near the 100 billion SHIB mark signals that holders may still be preparing to sell or adjust their positions.
Momentum indicators also underscore market weakness. Trading volumes are lower compared to earlier in the cycle, and the relative strength index (RSI) remains below the neutral 50 threshold, pointing to limited buying conviction from bulls.
IndicatorCurrent Status24h Exchange Inflows96 billion SHIB24h Exchange Outflows112 billion SHIBCurrent Price$0.0000042Below 50-day EMA?YesRSIBelow 50Mini dictionary: Exponential Moving Average (EMA) — A type of moving average that gives more weight to recent prices in an asset’s price data, often used to identify trend direction and support or resistance on a trading chart.
Market sentiments and investor behaviorSo far, SHIB has not seen strong signs of accumulation or renewed investor confidence. Unlike previous cycles when rallies were supported by robust demand, the current market has stabilized with less enthusiasm from both retail and institutional buyers.
Nevertheless, not every exchange inflow signals imminent selling. Some participants may be transferring SHIB for portfolio adjustments, liquidity needs, or arbitrage opportunities rather than immediate liquidation.
Exchange inflows often reflect holders’ intentions to reposition, but a lack of panic-driven withdrawals and stable total exchange reserves suggest that the market is not experiencing widespread fear at this stage.
Still, persistent negative momentum and large inflows continue to weigh on the outlook, leaving sellers in control as SHIB trades at its lowest levels in several months.
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.
Crypto markets feel calmer now. Polkadot spent June testing real-world Web3 apps at a Berlin summit, anchoring the Polkadot price in actual use. Shiba Inu trades closer to market cycles now, and any serious Shiba Inu price prediction must weigh trillions of tokens despite ongoing burns.
BlockDAG is pulling attention differently. Its EARLY code hands buyers a 100% bonus on purchases at $0.00000033, doubling the previous rate. Measured against the current buyback price of $0.03, the return picture already looks strong before counting the free bonus tokens.
Add a $500 million valuation jump tied to the recent BDAG AI launch and a Super App confirmed for August 20, and BlockDAG (BDAG) now ranks among the most popular cryptocurrency projects this month.
Polkadot Tests Real-World Web3 Apps at Berlin Summit Table of Contents
Polkadot Tests Real-World Web3 Apps at Berlin SummitShiba Inu Shifts From Wild Rallies to Steady TrendsBlockDAG’s 100% Offer Lands With Massive ROI Potential Behind ItConclusion Polkadot spent June focusing on decentralized applications and staking upgrades. While market watchers track the Polkadot price, the network is prioritizing privacy-focused digital tools over token speculation.
At the 2026 Web3 Summit in Berlin, about 900 attendees tested a new event network. Participants used a custom mobile app to make food purchases with CASH tokens and test secure, private communication features. These real-world demonstrations helped stabilize community interest, anchoring the Polkadot price in actual network utility.
Developers also used a platform called Playground.dot to launch decentralized applications in under 30 minutes. Polkadot founder Dr. Gavin Wood noted that Web3 aims to merge user convenience with secure, built-in financial features. As adoption grows, this utility may become a key driver for the Polkadot price over time.
Shiba Inu Shifts From Wild Rallies to Steady Trends Formulating an accurate Shiba Inu price prediction requires looking past the 2021 hype and focusing on supply math. While burns and Shibarium transactions steadily reduce the circulating supply, the sheer volume of trillions of tokens means any future Shiba Inu price prediction must rely on massive, sustained capital inflows rather than quick bursts. Today, SHIB trades closely with broader market cycles and key psychological resistance levels.
Meanwhile, investors seeking early-stage growth are eyeing new Ethereum memes like Bullski, which launches its presale this Friday. This diversification doesn’t take away from SHIB’s long-term utility, but it highlights how the standard Shiba Inu price prediction now reflects a mature asset with steadier, more gradual market movements.
BlockDAG’s 100% Offer Lands With Massive ROI Potential Behind It Attention in crypto is usually earned slowly, but BlockDAG has been collecting it at a pace that stands out. The code EARLY sits at the center of that pull, handing buyers a full 100% bonus on every purchase made at $0.00000033, a jump that doubles the previous 100% bonus and sets a new high point for the project.
Against the current buyback price of $0.03, the return picture already looks strong, and the free tokens from the bonus stretch it even further. This allocation will not last indefinitely, since it closes the moment the pool is claimed in full.
Behind that offer sits a stretch of genuine progress. BDAG AI recently launched, and its arrival alone added an estimated $500 million to the project’s valuation within days, a shift that reflects real confidence in working technology rather than speculation.
Layered on top of that, a Super App is confirmed for release on August 20, designed to bring several ecosystem functions together into a single access point for everyday users.
A project rarely becomes widely searched from one event alone. It happens when several lands close together, and that is what is unfolding here. A record bonus, a valuation increase tied to a live product, and a major app arriving within weeks form exactly that kind of stretch.
Each development adds weight to the next rather than standing alone. Between the doubled bonus, the AI-driven valuation jump, and the Super App on the calendar, BlockDAG is assembling a strong case for ranking among the most popular cryptocurrency projects people are tracking this month, with no signs of that interest slowing down.
Conclusion Polkadot’s Berlin summit and Playground.dot tool point to real usage shaping the Polkadot price. Shiba Inu tells a similar story: burns chip away at supply, but with trillions of tokens still circulating, any honest Shiba Inu price prediction depends on sustained demand over time.
BlockDAG’s case is harder to ignore. The EARLY code delivers a 100% bonus at $0.00000033, a sharp gap against the $0.03 buyback price. BDAG AI’s launch added $500 million to the project’s valuation within days, and a Super App lands on August 20 to tie the ecosystem together. Taken as a whole, that run of news puts BlockDAG among the most popular cryptocurrency projects worth remembering.
Presale: https://purchase.blockdag.network
Website: https://blockdag.network
Telegram: https://t.me/blockDAGnetworkOfficial
Discord: https://discord.gg/Q7BxghMVyu
Disclaimer: This is a Press Release provided by a third party who is responsible for the content. Please conduct your own research before taking any action based on the content.
The meme coin is still attracting new holders, but it appears that only a major market catalyst would be able to lift its price.
The meme coin remains stuck in a heavy downtrend caused by the prolonged bear market and other negative factors.
Despite the grim conditions, Shiba Inu’s holders base continues to rise, recently reaching a new all-time high.
The New Record The total number of SHIB wallets has been rising slowly recently, but at the beginning of the month there was a sharp jump. According to the X account BSCN, the meme coin saw an explosive jump of almost 75,000 new holders between July 5 and July 6 – far above its typical daily growth.
It remains unclear why the figure soared so sharply, as some speculate there might have been a technical glitch. In any case, the total number currently stands at 1,676,535, which is a new all-time high.
The growing figure contrasts with the plummeting price of Shiba Inu. As of this writing, it trades at around $0.0000042, reflecting a 15% plunge on a monthly scale and a staggering 95% crash from the historic peak witnessed in 2021.
SHIB Price, Source: CoinGecko SHIB remains the second-largest meme coin, but only thanks to the double-digit collapse MemeCore (M) recently experienced. The market capitalization of the self-proclaimed Dogecoin killer has tumbled below $2.5 billion, making it the 36th-biggest cryptocurrency.
Further Slump Incoming? The rising number of SHIB wallets is perhaps the only real glimmer of optimism for Shiba Inu lately. Its burning mechanism, which saw a major resurgence last week, has once again slowed, while Shibarium’s activity has fallen to near-idle levels.
The layer-2 scaling solution, designed to enhance Shiba Inu’s ecosystem by boosting speed, lowering transaction fees, and improving scalability, initially processed millions of transactions on a daily basis. Over the past months (especially after Shibarium’s exploit last year), those have tumbled to mere thousands and hundreds.
Shibarium Daily Transactions, Source: shibariumscan.io These negative factors, combined with the fading interest in the meme coin, suggest that bulls might have to suffer more pain in the near future. According to BSCN, SHIB’s daily trading volume was close to $700 million a year ago, but today (July 13) it is struggling to reach $50 million.
The sentiment among analysts and industry participants is also particularly negative. Recently, popular trader James Wynn described SHIB as “old, dead, and boring,” suggesting it may not recover for another 5-10 years until nostalgia potentially brings it back.
The Clarity Act has already passed the House, but has not cleared the upper chamber. The bill would set forth some of the first comprehensive cryptocurrency regulations in the country.
President Donald Trump on Monday urged Congress to pass a key cryptocurrency bill to honor the late Sen. Lindsey Graham, R-S.C., who supported the measure.
"In honor of Senator Lindsey Graham, a big supporter, the U.S. Senate should pass the Clarity Act. China, and many other countries, would like to take complete and total control of this major financial 'happening,' as well as A.I., where we are now leading, but where they are fighting hard. Don’t let China win on either subject!!!" he posted on Truth Social.
The Clarity Act has already passed the House, but has not cleared the upper chamber. The bill would set forth some of the first comprehensive cryptocurrency regulations in the country.
It would also ban a central bank digital currency.
Ben Whedon is the Chief Political Correspondent for Just the News. Follow him on X.
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Ethereum is quietly rebuilding its bullish case, and this time it’s not just another social media hype cycle. A combination of improving market sentiment, undervalued on-chain metrics, accelerating development, and aggressive whale accumulation is painting a much stronger picture than the price alone suggests.
Sentiment Recovery Gains Real MomentumInvestor confidence has improved notably over the past month. After weighted sentiment plunged to -3.70 in early June 2026, it recovered to -0.61 by July 13, following a brief move into positive territory at +1.50. That steady improvement suggests market psychology is shifting away from extreme pessimism.
The recovery isn’t happening in isolation either. Ethereum’s development activity peaked during June, reinforced by the July 4 unveiling of the Lean Ethereum roadmap. The proposal outlines a long-term redesign of Ethereum’s core architecture through 2030, introducing recursive STARK proofs, post-quantum security, and enhanced privacy while maintaining compatibility with existing decentralized applications.
Ethereum’s On-Chain Data Signals Deep UndervaluationValuation metrics are also flashing interesting signals. Ethereum’s MVRV Z-score currently sits at -1.30, indicating the asset remains deeply discounted relative to its realized value.
Meanwhile, the network’s daily transaction volume profit-to-loss ratio jumped from 0.42 to 2.46. Put simply, profitable transaction volume now significantly outweighs loss-making activity, suggesting healthier underlying network usage despite recent market volatility.
Together, those metrics point toward improving fundamentals even as broader market participants remain cautious.
Whales Continue Pulling ETH Off ExchangesLarge investors don’t appear to be waiting for confirmation. Lookonchain data shows sustained exchange withdrawals as major holders continue moving Ethereum into long-term storage.
Within one hour alone, a wallet linked to K3 Capital withdrew 10,000 ETH, valued at roughly $17.85 million, from Binance. At nearly the same time, Abraxas Capital removed another 6,948 ETH, worth approximately $12.42 million, from Binance and Bitfinex.
Loading profile preview now finds itself supported by improving sentiment, ambitious protocol development, discounted valuation metrics, and continued institutional accumulation.
While none of these signals guarantees an immediate Ethereum price rally, together they present one of the strongest fundamental backdrops the network has seen in recent months.
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A Bitcoin wallet dormant since the cryptocurrency traded near $6,500 has transferred 2,931 BTC worth about $188 million, reviving onchain activity after seven years.
Summary
A Bitcoin wallet inactive for seven years has moved 2,931 BTC worth about $188 million. Onchain data showed the wallet last became active when Bitcoin traded near $6,500, leaving the holder with an estimated tenfold gain. Whale sized transfers continue to dominate Bitcoin exchange inflows, a trend that analysts have historically linked to selling pressure. Blockchain intelligence platform Arkham reported that the long-inactive holder moved the Bitcoin from wallet “356my” to a new address, “bc1qn”, on Sunday. The transfer is the wallet’s first recorded onchain movement since it last became active when Bitcoin was priced at roughly $6,500.
With Bitcoin now changing hands at around $64,000, blockchain analytics platform Onchain Lens estimated the holder is sitting on nearly a tenfold gain from the original position.
A Bitcoin whale just woke up after 7 years.
2,931 $BTC (~$188M) was moved after sitting untouched since BTC traded at ~$6.5K.
Today, with BTC above ~$64K, the same stack is worth nearly 10x more.
Data credit: @arkham pic.twitter.com/y0JXIM91yK
— Onchain Lens (@OnchainLens) July 12, 2026 Whale transfers continue to dominate exchange flows The latest movement comes as large Bitcoin holders continue to account for most transfers into cryptocurrency exchanges, a trend that onchain data has linked to rising selling pressure.
CryptoQuant’s exchange whale ratio chart showed that about 99% of Bitcoin deposited to exchanges currently comes from the 10 largest individual transfers. The metric stood at 0.99 at the time of publication, indicating that whale-sized transactions continue to dominate exchange inflows.
According to CryptoQuant, elevated whale exchange ratios have historically been associated with bearish market conditions because large deposits are more likely to precede sizeable sell orders than routine transfers from retail investors.
Separately, data from Coinglass classifies transfers worth at least $10 million as whale transactions. Such movements have accounted for most Bitcoin flowing to exchanges in recent months, increasing trader focus on whether large holders are preparing to sell.
Selling pressure has also persisted from another direction. Data from Farside Investors showed that U.S. spot Bitcoin exchange-traded funds recorded $197 million in net inflows during the week leading up to Friday, although the products posted $4.51 billion in net outflows throughout June, their weakest monthly performance on record.
Dormant wallets remain under close watch Older Bitcoin wallets have continued attracting market attention because many are associated with early miners, long-term holders, or defunct trading platforms.
Earlier this year, crypto.news reported that a dormant whale destroyed 107 BTC worth about $8.3 million by sending the coins to an unrecoverable burn address after nearly 11 years of inactivity. Blockchain security firm AMLBot said the transactions may have been linked to the collapsed Mt. Gox exchange, although no entity behind the transfers was identified.
In a separate case reported by crypto.news, another Satoshi-era holder transferred 2,650 BTC worth more than $200 million to trading firms FalconX and Cumberland while retaining nearly 6,000 BTC.
Although those transfers did not confirm an immediate sale, market participants closely tracked the movement because large transactions from early Bitcoin holders can introduce additional supply if the coins eventually reach exchanges.
WTI and Brent crude oil both rose more than 6% intraday, as Houthi militants in Yemen attacked a Saudi airport.
According to Bitget market data, both WTI and Brent crude oil prices rose more than 6% intraday. Reports say Yemen’s Houthi forces attacked a Saudi airport.
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The three major U.S. stock indexes fell across the board, with the Nasdaq Composite once dropping more than 1.3% and SanDisk’s stock plummeting over 12%.
According to Bit.com market data, U.S. stock markets continue to slump, with all three major indexes falling. The Nasdaq once dropped over 1.3%, led by tech stocks: SanDisk fell 12.28%, Western Digital and Seagate Technology both dropped more than 6%, Micron fell 5.53%, SK Hynix fell 7.6%, Intel fell over 6%, and SpaceX fell 4.36%. On the news front, Trump said he would immediately reimpose a blockade on Iran and impose a 20% fee on cargo shipments. Later, Federal Reserve Governor Waller stated that if the core inflation data released this week remains high, the Federal Reserve will need to consider raising interest rates in the near term. Waller noted that the recent rise in core inflation is a cause for concern, with tariffs, rising energy prices, and demand for AI investment being the main factors driving up inflation.
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Waller sets tone on Tuesday's CPI: Hot inflation will support near-term interest rate hikes.
Federal Reserve Governor Christopher Waller said Monday that the U.S. Federal Reserve may need to raise interest rates in the near term if future data shows inflation remains well above the 2% target, describing current monetary policy as being at a crossroads. Waller noted that the path forward will be determined by new data such as the CPI report to be released Tuesday, adding that if data trends turn unfavorable, the Fed is currently in a phase where it should not slack off. Waller stated: "At the current policy level, inflation still has a chance to gradually fall back to the 2% target. But I am equally concerned about the opposite scenario: data in the coming weeks will show inflation remaining at high levels or even continuing to rise, which would require tighter monetary policy in the near term." He specifically noted that he is concerned recent inflation reports show price pressures appear to be broadening across the economy, beyond the impacts of last year’s import tariff hikes or recent energy cost increases, which may reflect broader systemic inflation and would require tighter monetary policy. Waller added: "If this week’s core inflation rate comes in hot again, the Federal Open Market Committee (FOMC) will have to consider tightening monetary policy in the near term. It will take months of sustained lower inflation data to confirm that inflation is moving in the right direction." (Jinshi)
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Mizuho: Circle’s Approval by U.S. National Trust Bank Fails to Alter Its Fundamentals, USDC Still Faces Growth and Competitive Pressures
Japanese investment bank Mizuho stated that Circle’s final approval from the U.S. Office of the Comptroller of the Currency (OCC) to establish the First National Digital Currency Bank is a positive development, but it does not address the firm’s core current challenges. Mizuho maintains a "neutral" rating on Circle, warning that the market’s reaction to this positive news may be overly optimistic. The firm notes that since March this year, USDC’s circulating market capitalization has fallen by roughly $70 billion to around $740 billion, a sign of slowing growth momentum that could weigh on Circle’s transaction revenue and reserve earnings. Additionally, Mizuho highlights that Open USD (OUSD), a stablecoin complying with the GENIUS Act and launched by over 140 financial and tech firms including Mastercard, Stripe, and Coinbase, is intensifying market competition. As more consortium-based stablecoins emerge, the stablecoin sector may become more homogeneous, making it increasingly difficult for Circle to retain its competitive advantage.
2 hours ago
Brent crude oil breaks through $80 per barrel, rising 5.35% on the day.
According to Bitget market data, Brent crude oil has broken through $80 per barrel, rising 5.35% intraday; WTI crude oil is up more than 5.7% on the day, currently trading at $75.45.
2 hours ago
Waller: If the AI bubble bursts or sees a sharp correction, financial conditions will undergo significant changes.
Fed Governor Christopher Waller said that if an AI-related asset bubble bursts or the market experiences a sharp correction, financial conditions will undergo "considerable changes." Waller noted he does not want the Federal Reserve to raise interest rates prematurely to avoid triggering a recession, but also emphasized that the Fed must not repeat the mistake of being slow to respond to inflation in 2021. He believes the current labor market remains stable, and there are "credible reasons" to expect inflation to continue falling without further policy tightening. However, Waller warned that relying solely on market expectations of inflation declining is insufficient to justify the Fed holding pat. If the Fed waits until market confidence fades to act, it may have to raise interest rates more aggressively to catch up with inflation. "We cannot afford to turn a blind eye to inflation until it is completely gone," he said.
For a token that has already delivered a roughly 18x return over five months, the latest on-chain data from Santiment suggests DeXe may still have room to run, but the quiet social volume leaves open questions. According to the Santiment update, network growth hit its fourth largest day ever with 161 new wallets created, while whale transactions over $100,000 reached 11 in a single day—the fourth highest tally in 2026.
The new wallet creation figure is significant because it reflects fresh capital entering a token that still trades with relatively limited exchange liquidity. When that inflow coincides with whale transactions—defined here as transfers above $100,000—the result can be sudden price expansion, especially if the token is distributed across few platforms. DeXe has been one of the stronger performers in the altcoin space this year, gaining roughly 18x since February, but its market depth is not as deep as larger caps, which can magnify both upside and downside moves.
The latest on-chain signals also fit into a broader narrative shift around decentralized governance and AI. As projects weave autonomous decision-making into their protocols, tokens that power DAO frameworks or enable governance in AI ecosystems are attracting renewed attention. That interest is visible beyond DeXe, with decentralized computing and AI application layers forming new alliances, like the recent partnership between UXLINK and Origins Network to drive scalable AI-driven Web3 infrastructure. DeXe’s own positioning at the intersection of governance and AI-friendly tooling gives it exposure to overlapping demand pools.
Network Growth and Whale Activity Spike Santiment’s on-chain anomaly tracker flags two metrics: network growth and whale transactions. The 161 new wallets created in one day represent the fourth strongest expansion in the token’s history. Equally notable, the 11 large transactions on the same day mark the fourth-highest count for 2026. The parallel between new addresses and large transfers suggests that recent price action is not purely speculative churn among existing holders; it shows new participants moving meaningful amounts at a time when the token is already heavily appreciated.
Low social volume adds a layer of nuance. Typically, a price run of this scale would trigger a crowd frenzy on platforms like X or Telegram. Santiment’s observation that social chatter remains muted hints that retail interest is still subdued. From an on-chain sentiment perspective, a disconnect between explosive price and quiet social metrics can indicate that a rally has further legs, but it can also mean that early accumulators have a head start to take profits before the wider market catches up.
Governance Narratives and Social Volume Disconnect The governance and AI angle cannot be overlooked. Tokenized governance frameworks are back in focus as protocols grapple with how to manage treasuries, resource allocation, and on-chain voting in more automated ways. The interest is not limited to DeXe, but the token’s supply structure and exchange footprint give it a particularly responsive profile when large buyers step in. Meanwhile, US regulatory dynamics continue to loom over the space. The unresolved status of major legislation, as outlined in the ongoing struggle around the largest crypto bill in US history, could eventually impact how governance tokens are treated, though the market appears to be pricing in no immediate disruption.
What remains uncertain is whether the wallet growth and whale activity will sustain beyond this anomaly window. If the trend persists and social volume eventually rises, the rally could extend further. But if large holders use the quiet period to offload, the lack of social excitement could turn into vulnerability for latecomers. For now, on-chain data shows a token moving ahead of the crowd—a pattern that rewards patience but demands careful monitoring.
AUTHOR
Max delves deep into the cryptocurrency realm, with a passion for altcoins and NFTs. Convinced of crypto's transformative potential, he envisions a decentralized financial future. Max's background in the financial sector grants him unique insights into global monetary systems. In his leisure, Max embraces the thrill of adventures and is an avid sports enthusiast, finding balance and rejuvenation away from work.
Kongsberg reported a significant increase in orders for the second quarter of 2026, driven by demand for its Joint Strike Missile (JSM). The surge in orders follows Canada’s acquisition of the JSM for its F-35 fighter fleet, marking it the sixth country to adopt the missile. This deal, valued at approximately NOK 4.7 billion, was announced at the 2026 NATO Summit in Ankara by Canadian Prime Minister Mark Carney. The JSM’s integration into Canada’s defense strategy comes amid heightened European defense spending and geopolitical tensions related to Russia’s actions in Ukraine.
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Key Takeaways The increase in Kongsberg’s orders appears consistent with heightened military investment, particularly within NATO, and could indicate rising tensions with Russia. Canada’s adoption of the Joint Strike Missile suggests an escalation in NATO’s air-strike capabilities, aligning with broader defense strategies in response to Russian activities. Market pricing suggests an increased likelihood of military clashes between NATO and Russia, with the probability rising slightly in recent days. What to Watch Observers should monitor further military procurement announcements from NATO member countries, which may indicate continued defense build-up. Additionally, diplomatic engagements between NATO and Russia could provide further insight into the evolving geopolitical landscape. Any significant military exercises or maneuvers by either side may influence market perceptions of a potential clash.
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Disclosure: This article was edited by Estefano Gomez. For more information on how we create and review content, see our Editorial Policy.
Key Takeaways Tehran announced an indefinite closure of the Strait of Hormuz amid escalating tensions with U.S. military forces Brent crude oil prices jumped 4.4% in immediate market reaction European natural gas prices climbed 3.5–4%, reaching their highest point in a month Bond yields across the Eurozone remained elevated near multi-week peaks on inflation worries Current European gas storage stands at 47%, down from 56% recorded at the same time in the previous year Tehran’s announcement to seal off the Strait of Hormuz has sent tremors through global energy markets, driving significant increases in both oil and natural gas prices while intensifying inflation anxieties throughout the European continent.
The blockade was announced as indefinite following renewed military confrontations between Tehran and American forces during the weekend. Despite U.S. Central Command’s statements that commercial vessels can still navigate the area, the mere declaration triggered substantial market volatility.
BREAKING: The US has struck Kharg Island's western jetty pumping station and multiple pipelines supplying Kharg's pumping stations, with fires visible on NASA FIRMS satellite imagery.
This is the first US strike specifically targeting oil infrastructure at Kharg, Iran's primary… pic.twitter.com/lhO9DqGa2Q
— The Hormuz Letter (@HormuzLetter) July 13, 2026
Brent crude experienced a 4.4% surge following the initial reports. As one of the planet’s most strategically important petroleum shipping corridors, any disruption to the Strait of Hormuz creates instant pressure on energy costs globally.
Natural Gas Markets Reach Monthly Peak Wholesale natural gas prices throughout Europe experienced significant upward movement on Monday. The Dutch benchmark front-month contract increased 3.5% to settle at 50.37 euros per megawatt-hour. Meanwhile, the British equivalent climbed 4%, tracking closely with European prices.
Dutch TTF Natural Gas Calendar (TTF=F) Approximately one-fifth of global liquefied natural gas trade passes through the Strait of Hormuz, including the majority of Qatar’s LNG shipments. An extended blockade would sever a critical supply artery for European energy consumers.
European nations are presently working to replenish their natural gas reserves in preparation for the 2026/2027 winter heating season. Current storage levels hover around 47% of total capacity, notably lower than the 56% recorded during the corresponding period last year. This shortfall makes Europe considerably more vulnerable to supply disruptions than it was a year ago.
Should Gulf LNG shipments face prolonged interruption, European importers would encounter intensified competition from Asian markets, driving costs even higher across the board.
Government Bond Markets Signal Inflation Concerns Yields on European government bonds maintained positions near their highest levels in more than a month throughout Monday’s trading. Germany’s benchmark 10-year Bund yield stood at 3.05%, with the 2-year yield positioned at 2.68%.
These elevated figures persisted because surging energy costs typically fuel inflationary pressures, which diminish the attractiveness of fixed-income securities. Last week witnessed the most substantial weekly increase in German bond yields observed in five weeks.
The primary concern among investors is that the European Central Bank might need to halt its interest rate reduction trajectory if energy prices continue fueling inflation. Financial markets have already adjusted expectations, pricing in fewer ECB rate cuts than anticipated just weeks earlier.
ECB Executive Board member Isabel Schnabel is scheduled to deliver remarks later Monday. Schnabel has consistently maintained a more hawkish stance within the ECB’s Governing Council. Any commentary she provides regarding inflation risks stemming from the Gulf crisis could generate additional market movement.
Diplomatic initiatives aimed at de-escalating regional tensions had demonstrated some positive momentum in recent weeks. However, those efforts now appear to have stalled following the latest military confrontations, leaving energy markets in a state of uncertainty with no immediate path toward resolution.
Bitcoin vs Ether ETFs returned to positive weekly flows after both markets endured eight consecutive weeks of withdrawals. Bitcoin funds raised $197 million in the period between July 6 and July 10, and Ether products raised $84.42 million.
The wider crypto market still fell 1.89% to $2.15 trillion. Bitcoin price was trading at around $62,500, and Ethereum hovered at $1,758 over the past 24-hours.
Bitcoin ETF Demand Outpaces Ether ETF Recovery U.S. spot Bitcoin ETFs recorded $90.44 million in daily net inflows on July 10. That increased cumulative net inflows in the funds to 51.28 billion.
Total Bitcoin ETF funds amounted to 77.42 billion, or 6.05, of the market capitalization of Bitcoin. The value of trading per day was 1.45 billion.
BlackRock IBIT was the first in the session with a value of 86.83 million, which corresponds to approximately 1,360 Bitcoin. HODL by VanEck contributed to the total by 3.61 million or approximately 56.56 Bitcoin.
Other Bitcoin funds showed no inflows per day in the session. IBIT was the biggest product with net assets of $46.90 billion.
Can Bitcoin and Ether ETFs continue their new surge…?
Last week, ETFs for both $BTC and $ETH recorded positive net flows for the first time in as much as 8 weeks.$BTC clocked +$197M while $ETH accrued +$84.4M.
If the products for $BTC and $ETH follow with another week of… pic.twitter.com/1QpqsPM8lh
— BSCN (@BSCNews) July 13, 2026
The fund also led to a daily trading volume of 1.12 billion. FBTC of Fidelity had the second position of net assets of $11.17 billion.
Bitcoin funds, thus, received over twice the amount of Ether inflows each week. However, the gap does not confirm a lasting shift in institutional demand.
BlackRock Leads Inflows Across Both ETF Markets U.S. spot Ethereum ETFs posted $18.43 million in daily net inflows on July 10. Their cumulative net inflows increased to $10.97 billion.
Combined Ethereum ETF assets reached $9.59 billion, equal to 4.44% of Ethereum’s market capitalization. The total trading volume was 413.49 million daily.
Sosovalue data The ETHA at BlackRock raised the lead with 16.20 million, which equates to about 9,050 Ether. The FETH of Fidelity came in second with $2.23 million, which is close to 1,250 Ether.
The other Ethereum funds did not record any inflows per day in the recent session. ETHA was the biggest product as it had a net assets of 4.95 billion.
The fund realized a daily trading volume of $300.65 million. Grayscale ETHE came in second with a net asset of $1.51billion.
Another positive week would give Bitcoin funds their first consecutive inflow streak since late May. Ether funds could achieve that milestone for the first time since early April.
Bitcoin and ETH Slide as U.S.-Iran Tensions Shake Crypto Markets Bitcoin price fell 2% to $62,811.19 as U.S.-Iran tensions pushed investors toward safer assets. Weekend strikes increased oil prices and rekindled inflation fears, placing a heavy burden on speculative markets.
Ethereum price was also affected as the risk-off shift pushed it down to fall by 2.16% to trade around $1,768.
Bitcoin price now faces an important test around the $62,500 support level during the current pullback. Possession of such area may enable buyers to make another attack in the direction of the resistance zone of $64,000. Nevertheless, a decisive drop below support can put Bitcoin at risk of additional losses around $60,000.
Source: Tradingview Long-term ETH projection must remain above $1,750 to preserve its near-term consolidation structure and limit selling pressure. Failure to hold that level could trigger a retreat toward the $1,700 to $1,720 range.
Fed Governor Waller: FOMC may need to consider raising interest rates in the near term.
Federal Reserve Governor Waller said recent core inflation has risen quite broadly, with inflationary pressures not limited to individual sectors. He also noted that the Federal Open Market Committee (FOMC) may need to consider raising interest rates in the near term.
6 minutes ago
Spot gold fell below $4,000 per ounce.
According to Bitget market data, spot gold has fallen below $4,000 for the first time since July 1, currently trading at $3,994.37, with an intraday decline of 2.99%.
6 minutes ago
SpaceX’s valuation continues to slide, pushing Elon Musk’s net worth below $900 billion.
Driven by SpaceX's continuous share price decline, Elon Musk's net worth fell below the $900 billion threshold on Monday. SpaceX's share price dropped 3.8% on Monday to nearly $140, approaching its IPO price of $135. Tesla's share price fell 3% over the same period, and this round of market correction erased $37.9 billion from Musk's fortune, bringing his latest net worth to $879.3 billion. Despite the wealth shrinkage, Musk remains the world's richest person, ahead of Google co-founders Larry Page ($290.1 billion) and Sergey Brin ($267.6 billion). He holds 4.8 billion SpaceX shares, 350 million stock options, and approximately 700 million Tesla shares. Musk's net worth peaked at $1.45 trillion on June 16, when SpaceX's share price hit a historical high of over $225. Since then, the stock has fallen by more than 38% in total. Despite the weak stock performance, Wall Street analysts remain generally bullish on SpaceX. Raymond James set a price target of $800, implying a market capitalization of over $10 trillion. According to FactSet data, the average analyst price target is $236, with Arete Research at $401, Morgan Stanley at $300, and Goldman Sachs at $205. Raymond James analyst Brian Gesuale noted that SpaceX is "building a foundational platform for the next generation of industrial capacity."
6 minutes ago
Jupiter launches on-chain physical trading card platform Jupiter Gacha, supporting Pokémon and One Piece collectible cards.
Solana ecosystem aggregator Jupiter has launched Jupiter Gacha (Beta), an on-chain physical collectible card trading platform that allows users to purchase professionally graded authentic Pokémon and One Piece collectible cards, and trade them as fully on-chain assets. According to reports, these physical cards can be freely circulated on Solana DEX, enabling on-chain trading and liquidity for physical collectibles.
6 minutes ago
After lying dormant for four years, a U.S. government-linked wallet has deposited 140 BTC into Coinbase Prime.
According to monitoring by Lookonchain, a wallet linked to the U.S. government suddenly became active after lying dormant for four years, depositing 140.214 Bitcoin into Coinbase Prime, worth approximately $8.79 million.
6 minutes ago
Analysts: Bitcoin’s panic selling may be nearing an end, with marginal selling pressure drying up.
Multiple market analysts believe Bitcoin’s months-long panic selling may be drawing to a close, as marginal sell orders in the market gradually dry up. Jasper De Maere, an over-the-counter (OTC) trader at Wintermute, noted that despite recent escalating U.S.-Iran tensions and strained conditions in the Strait of Hormuz, Bitcoin has held firm above $62,000, indicating that previous “weak hands” sell orders have largely been cleared. Additionally, U.S. spot Bitcoin ETFs posted a net inflow of $197.4 million last week, ending eight consecutive weeks of net outflows, further easing selling pressure. Nexo analyst Dessislava Ianeva cited Glassnode data, pointing out that Bitcoin’s spot market saw an average daily net sell of around 2,000 BTC in June, which fell to roughly 53 BTC in July, marking one of the calmest months for the market since 2026. However, analysts warned that Bitcoin’s current rally is primarily driven by the derivatives market, with spot buying remaining relatively weak. The upcoming release of U.S. June CPI data and Congressional testimony by Federal Reserve Chair Kevin Warsh this week could still serve as key catalysts shaping market movements.
In contrast, BEAT and DEXE have marked big gains. PI, though, continues to dig new lows.
After a relatively quiet weekend, bitcoin’s price dipped by nearly two grand on Monday morning as the market priced in the new attacks in the Middle East.
Most larger-cap alts have followed suit with similar daily losses, with XRP dropping below the crucial $1.10 support, and ETH failing at $1,800.
BTC Slipped Below $63K Bitcoin reacted well to the July 1 dip below $58,000 and quickly reclaimed the $60,000 line. It kept climbing in the following days and jumped to $64,000 on July 6. However, Strategy’s latest and biggest sale resulted in a major leg down, as BTC slumped to $61,200 in hours.
Unlike the previous such occasion, though, the cryptocurrency rebounded swiftly after the initial FUD and jumped to $64,400 on Tuesday. Another rejection followed after the US and Iran broke their ceasefire and launched new rockets against each other.
This time, BTC was able to halt the free-fall at $61,600 and went on a minor rally at the end of the week. The culmination came on Saturday morning with a surge to $64,600, which became a new multi-week peak. BTC stood at around $64,000 for most of the weekend, but dipped earlier today to $62,400 as the consequences of the latest set of attacks between the US and Iran were felt across all markets.
It has rebounded to just over $63,000 as of now, but its market cap has dropped to $1.265 trillion on CG. Its dominance over the alts has increased slightly to 56.7%.
BTCUSD July 13. Source: TradingView PI, APX Dump Hard Pi Network’s native token doesn’t seem to be able to catch a break these days, marking consecutive all-time lows. The latest came hours ago with a nosedive to $0.086, solidifying its major correction as the asset is down by over 97% since its ATH marked last year.
APX is the other big loser today, dropping by over 25%. In contrast, BEAT has gained 20% while DEXE has doubled down on its major rally as of late.
ETH failed at $1,800, BNB is back to $570, while XRP dipped to a multi-day low at $1.07 before it rebounded slightly. HYPE, RAIN, DOGE, ZEC, and XLM are also slightly in the red, while SOL and XMR are with insignificant gains.
The total crypto market cap has shed over $20 billion in the past 24 hours and is now below $2.240 trillion on CG.
Cryptocurrency Market Overview July 13. Source: QuantifyCrypto
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Because of Robinhood Chain's Cashcat memecoin's quick expansion, traders searching for the next big memecoin have flooded the network.
Sadly, it has also drawn con artists who are launching fake tokens and carrying out rug pulls by taking advantage of investor FOMO, social media influence, and hype. The same scam techniques used on other blockchain networks are already permeating the Robinhood Chain, as evidenced by recent incidents involving Scatman, phony tokens with a Hood theme, and Cashcat imitators.
One of the biggest scams yetBlockchain investigators claim that a hacker took over the SpaceXAI and Starlink X accounts and used them to advertise the token as a seemingly legitimate opportunity. After minting 10 trillion SCATMAN tokens, the attacker sold all of them for about 59 ETH, or $108,000 at the time.
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An additional $27,000 was reportedly made from the sale of an additional 59.28 million SCATMAN for 14.7 ETH by a second wallet connected to the same attack. Following the sell-off, investors who purchased after witnessing the hacked accounts promote the token were left with assets that were essentially worthless. There are other incidents like the Scatman one.
In order to profit from the popularity of already-existing communities and projects, a number of phony HOOD and Cashcat tokens have also surfaced on the Robinhood Chain. To confuse traders, these imitation tokens frequently use similar names, logos, and branding. Developers frequently own a sizable share of the supply and sell their tokens as soon as enough buyers join the market.
Honeypots are there tooBy implementing honeypot contracts, which permit users to purchase but prohibit them from selling, some projects go even further. Before making any purchases, investors should confirm token contract addresses through official project channels to lower risk. Examining contract audits, token holder distribution, and liquidity levels can help spot clear warning signs.
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Additionally, traders should continue to be wary of tokens advertised on social media platforms that are either brand-new or potentially hacked. Memecoin speculation is still one of the riskiest areas of the cryptocurrency market, but Robinhood Chain presents new opportunities. Losses that happen in a matter of seconds can be avoided by taking a few minutes to verify a project.
