GOLETA, Calif.--(BUSINESS WIRE)--Deckers Brands (NYSE:DECK), a global leader in designing, marketing and distributing innovative footwear, apparel and accessories, today announced that the Company's conference call to review first quarter fiscal 2027 results will be on Thursday, July 23, 2026 at approximately 4:30 pm Eastern Time. The broadcast will be hosted at ir.deckers.com. The broadcast will be available for at least 30 days following the conference call.
About Deckers Brands
Deckers Brands is a global leader in designing, marketing, and distributing innovative footwear, apparel, and accessories developed for both everyday casual lifestyle use and high-performance activities. The Company’s portfolio of brands includes UGG®, HOKA®, and Teva®. Deckers Brands products are sold in more than 50 countries and territories through select department and specialty stores, Company-owned and operated retail stores, and select online stores, including Company-owned websites. Deckers Brands has over 50 years of history building niche footwear brands into lifestyle market leaders attracting millions of loyal consumers globally. For more information, please visit www.deckers.com.
Transaction Expands Company's Presence into Tulsa and Oklahoma City Markets
, /PRNewswire/ -- Construction Partners, Inc. (NASDAQ: ROAD) ("CPI" or the "Company"), a vertically integrated civil infrastructure company specializing in the construction and maintenance of roadways in local markets across the Sunbelt, today announced that it has acquired Ellsworth Construction, LLC ("Ellsworth"), an asphalt manufacturing and construction business headquartered in Tulsa, Oklahoma. From its hot-mix asphalt plant in Broken Arrow and its permitted asphalt plant site in Greater Oklahoma City, Ellsworth provides paving, sitework and utility services for public and private infrastructure projects throughout the Tulsa and Oklahoma City metropolitan areas, including multiple significant data center projects. The acquired operations will continue to operate as a branded division of CPI's Oklahoma platform company, Overland Corporation.
Fred J. (Jule) Smith, III, the Company's President and Chief Executive Officer, said, "We are pleased to welcome the entire Ellsworth team to the CPI family of companies. This transaction expands our presence in Oklahoma by providing us with experienced crews and strategically located facilities from which to serve the Tulsa and Oklahoma City markets, the two fastest-growing metropolitan areas in the state. We are especially pleased that Nathan Ellsworth will continue to lead the business in these markets going forward. His deep knowledge of these markets, longstanding customer relationships and reputation for operational excellence will be invaluable as we continue to build upon Overland's success in Oklahoma. In addition to Ellsworth's strong public and private construction business, the company is a leader in the growing data center construction market in Tulsa and Oklahoma City, complementing Overland's robust existing data center project portfolio in north Texas. From our earliest discussions, we recognized a shared commitment to safety, quality, customer service and taking care of our people, and we believe this strong cultural alignment will support a seamless integration and continued success together."
About Construction Partners, Inc.
Construction Partners, Inc. is a vertically integrated civil infrastructure company operating in local markets throughout the Sunbelt in Alabama, Florida, Georgia, North Carolina, Oklahoma, South Carolina, Tennessee and Texas. Supported by its hot-mix asphalt plants, aggregate facilities and liquid asphalt terminals, CPI focuses on the construction, repair and maintenance of surface infrastructure. Publicly funded projects make up the majority of its business and include local and state roadways, interstate highways, airport runways and bridges. The company also performs private sector projects that include paving and sitework for office and industrial parks, shopping centers, local businesses and residential developments. To learn more, visit www.constructionpartners.net.
Certain statements contained herein that are not statements of historical or current fact constitute "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and 21E of the Securities Exchange Act of 1934. These statements may be identified by the use of words such as "seek" "continue," "estimate," "predict," "potential," "targeting," "could," "might," "may," "will," "expect," "should," "anticipate," "intend," "project," "outlook," "believe," "plan" and similar expressions or their negative. The forward-looking statements contained in this press release include, without limitation, statements relating to the benefits of a business acquisition and the expected results of the acquired business. These and other forward-looking statements are based on management's current views and assumptions and involve risks and uncertainties that could significantly affect expected results. Important factors that could cause actual results to differ materially from those expressed in the forward-looking statements are set forth in the Company's most recent Annual Report on Form 10-K, its subsequent Quarterly Reports on Form 10-Q, its Current Reports on Form 8-K and other reports the Company files with the SEC. Forward-looking statements speak only as of the date they are made. The Company assumes no obligation to update forward-looking statements to reflect actual results, subsequent events, or circumstances or other changes affecting such statements except to the extent required by applicable law.
Contact:
Rick Black
Investor Relations
[email protected]
(713) 529-6600
Appointment reflects the Company’s commitment to maintaining high standards of financial reporting, compliance, and corporate governance
PHILADELPHIA--(BUSINESS WIRE)--Datavault AI Inc. (NASDAQ: DVLT) (“Datavault AI” or the “Company”), a technology company focused on data valuation, monetization, governance, credentialing, digital asset infrastructure, and enterprise information management solutions, today announced the appointment of CBIZ CPAs P.C. (“CBIZ”) as the Company’s independent registered public accounting firm.
Datavault AI has engaged CBIZ CPAs P.C. as its independent registered public accounting firm, effective immediately and covering the audit of the Company’s financial statements.
Share The appointment supports Datavault AI’s ongoing commitment to maintaining high standards of financial reporting, compliance, and corporate governance as the Company continues to support its customers and stakeholders.
“Maintaining reliable financial reporting, transparency, accountability, and strong corporate governance is essential to serving our shareholders, customers, and other stakeholders,” said Nathaniel T. Bradley, Chief Executive Officer of Datavault AI. “The appointment of CBIZ reflects our continued commitment to those standards as we execute our business strategy.”
Additional information concerning the appointment is available in the Company’s Current Report on Form 8-K filed with the U.S. Securities and Exchange Commission.
About Datavault AI
Datavault AITM (NASDAQ: DVLT) is leading the way in AI-driven data experiences, valuation, and monetization of assets in the Web 3.0 environment. The Company’s cloud-based platform provides comprehensive solutions with a collaborative focus in its Acoustic Sciences and Data Sciences divisions.
Datavault AI’s Acoustic Sciences division features WiSA®, ADIO®, and Sumerian® patented technologies and industry-first foundational spatial and multichannel wireless, high-definition sound transmission technologies with intellectual property covering audio timing, synchronization, and multi-channel interference cancellation. The Data Science division leverages the power of Web 3.0 and high-performance computing to provide solutions for experiential data perception, valuation, and secure monetization.
Datavault AI’s platform serves multiple industries, including high-performance computing software licensing for sports & entertainment, events & venues, biotech, education, fintech, real estate, healthcare, energy, and more. The Information Data Exchange® enables Digital Twins and the licensing of name, image, and likeness by securely attaching physical real-world objects to immutable metadata, fostering responsible AI with integrity. The Company’s technology suite is fully customizable and offers AI- and machine-learning-based automation, third-party integration, detailed analytics and data, marketing automation, and advertising monitoring.
The Company is headquartered in Philadelphia, PA. For more information, visit www.dvlt.ai. Investor information is available at ir.datavaultsite.com. Technology news and insights are published at dvlt.ai/insights.
Forward-Looking Statements
This press release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and other applicable securities laws. Forward-looking statements may include statements regarding the Company’s business strategy, growth initiatives, technology development, enterprise adoption, commercial opportunities, and future operations.
Words such as “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “potential,” “project,” “seek,” “should,” “target,” “will,” and similar expressions may identify forward-looking statements.
Forward-looking statements are based on management’s current expectations and assumptions and involve risks and uncertainties that could cause actual results to differ materially. These risks include market acceptance of the Company’s technologies, economic and competitive conditions, evolving regulatory requirements, technological developments, the Company’s ability to execute its business strategy, and the risks described in the Company’s filings with the U.S. Securities and Exchange Commission.
Readers are cautioned not to place undue reliance on forward-looking statements. The Company undertakes no obligation to update or revise any forward-looking statement except as required by applicable law.
COLMAR, Pa., July 13, 2026 (GLOBE NEWSWIRE) -- Dorman Products, Inc. (the “Company” or “Dorman”) (NASDAQ: DORM) will report its financial results for the second quarter ended June 27, 2026, after the close of the market on August 3, 2026.
Dorman is scheduled to conduct a conference call to discuss its second quarter 2026 financial results on August 4, 2026, at 8:00 a.m. ET. The conference call can be accessed by dialing (800) 420-1459 within the U.S. or +1 (203) 518-9861 outside the U.S. When prompted, enter the conference ID “DORMQ226”. A live audio webcast, along with the accompanying presentation materials, can be accessed on the Company’s Investor Relations website at investors.dormanproducts.com. A replay of the webcast will be made available on the website shortly after the conclusion of the call.
About Dorman Products
Dorman gives professionals, enthusiasts, and owners greater freedom to fix motor vehicles. For over 100 years, we have been driving new solutions, releasing tens of thousands of aftermarket replacement products engineered to save time and money, and increase convenience and reliability.
Founded and headquartered in the United States, we are a pioneering global organization offering an always-evolving catalog of products covering cars, trucks, and specialty vehicles, from chassis to body, from underhood to undercarriage, and from hardware to complex electronics.
Forward-Looking Statements
This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are based on current expectations that involve known and unknown risks, uncertainties, and other factors (many of which are outside of our control), which may cause actual events to be materially different from those expressed or implied by such forward-looking statements. For additional information concerning factors that could cause actual results to differ materially from the information contained in this press release, please see Dorman’s prior press releases and filings with the U.S. Securities and Exchange Commission (“SEC”), including Dorman’s most recent annual report on Form 10-K and its other SEC filings. Dorman is under no obligation to (and expressly disclaims any such obligation to) update any of the information in this press release if any forward-looking statement later turns out to be inaccurate, whether as a result of new information, future events, or otherwise, except as may be required by applicable law.
Investor Relations Contact
Alex Whitelam, VP, Investor Relations [email protected]
(445) 448-9522
July 13, 2026 16:01 ET | Source: Casella Waste Systems, Inc.
RUTLAND, Vt., July 13, 2026 (GLOBE NEWSWIRE) -- Casella Waste Systems, Inc. (Nasdaq: CWST), a regional solid waste, recycling, and resource management services company, will release its financial results for the three months ended June 30, 2026, after the market closes on Thursday, August 6, 2026.
The company will host a conference call to discuss these results on Friday, August 7, 2026, at 10:00 a.m. Eastern Time. Individuals interested in participating in the call should register by clicking here to obtain dial in and passcode details.
The call will also be webcast; to listen, participants should visit the company’s website at http://ir.casella.com and follow the appropriate link to the webcast. A replay of the call will be available on the company’s website and accessible using the same link.
For further information, contact Jason Mead, Senior Vice President of Finance and Treasurer, at (802) 772-2293 or visit the company’s website at http://www.casella.com.
, /PRNewswire/ -- Equity LifeStyle Properties, Inc. (NYSE: ELS) (referred to herein as the "Company," "we," "us," and "our") announced today that the Company's second quarter 2026 earnings will be released on Wednesday, July 22, 2026 after market close. The Company's executive management team will host a conference call and audio webcast on Thursday, July 23, 2026 at 12:00 p.m. Eastern Time to discuss the Company's operating and financial results.
The live audio webcast and replay of the conference call will be available on our website at www.equitylifestyleproperties.com in the Investor Relations section under Events.
Research analysts and other interested parties who wish to participate in the conference call must register through this link at least fifteen minutes prior to the scheduled start of the call to receive the dial-in details.
This press release includes certain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. When used, words such as "anticipate," "expect," "believe," "project," "intend," "may be" and "will be" and similar words or phrases, or the negative thereof, unless the context requires otherwise, are intended to identify forward-looking statements and may include, without limitation, information regarding our expectations, goals or intentions regarding the future, and the expected effect of our acquisitions. Forward-looking statements, by their nature, involve estimates, projections, goals, forecasts and assumptions and are subject to risks and uncertainties that could cause actual results or outcomes to differ materially from those expressed in a forward-looking statement due to a number of factors, which include, but are not limited to the following: (i) the mix of site usage within the portfolio; (ii) yield management on our short-term resort and marina sites; (iii) scheduled or implemented rate increases on community, resort and marina sites; (iv) scheduled or implemented rate increases in annual payments under membership subscriptions; (v) occupancy changes; (vi) our ability to attract and retain membership customers; (vii) change in customer demand regarding travel and outdoor vacation destinations; (viii) our ability to manage expenses in an inflationary environment, including the impact of changes in tariffs, as well as costs associated with supply chain disruptions; (ix) changes in debt service and interest rates; (x) our ability to integrate and operate recent acquisitions in accordance with our estimates; (xi) our ability to execute expansion/development opportunities in the face of changes impacting the supply chain or labor markets; (xii) completion of pending transactions in their entirety and on assumed schedule; (xiii) our ability to attract and retain property employees, particularly seasonal employees; (xiv) ongoing legal matters and related fees; (xv) costs to clean up and restore property operations and potential revenue losses following storms or other unplanned events; and (xvi) the potential impact of material weaknesses, if any, in our internal control over financial reporting.
For further information on these and other factors that could impact us and the statements contained herein, refer to our filings with the Securities and Exchange Commission, including the "Risk Factors" and "Forward-Looking Statements" sections in our most recent Annual Report on Form 10-K and any subsequent Quarterly Reports on Form 10-Q.
These forward-looking statements are based on management's present expectations and beliefs about future events. As with any projection or forecast, these statements are inherently susceptible to uncertainty and changes in circumstances. We are under no obligation to, and expressly disclaim any obligation to, update or alter our forward-looking statements whether as a result of such changes, new information, subsequent events or otherwise.
We are a fully integrated owner of lifestyle-oriented properties and own or have an interest in 453 properties located predominantly in the United States consisting of 173,419 sites as of March 31, 2026. We are a self-administered, self-managed, real estate investment trust with headquarters in Chicago.
, /PRNewswire/ -- Rosen Law Firm, a global investor rights law firm, continues to investigate potential securities claims on behalf of shareholders of PennyMac Financial Services, Inc. (NYSE: PFSI) resulting from allegations that PennyMac may have issued materially misleading business information to the investing public.
So What: If you purchased PennyMac securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. The Rosen Law Firm is preparing a class action seeking recovery of investor losses.
What to do next: To join the prospective class action, go to https://rosenlegal.com/submit-form/?case_id=51887 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.
What is this about: On January 29, 2026, PennyMac filed a Current Report with the Securities Exchange Commission on Form 8-K announcing PennyMac's fourth quarter and full-year 2025 financial results. The report stated that PennyMac's "servicing segment pretax income was $37.3 million, down from $157.4 million in the prior quarter and $87.3 million in the fourth quarter of 2024," as well as "[retax income excluding valuation-related items was $47.8 million, down 70 percent from the prior quarter driven primarily by increased realization of mortgage servicing rights (MSR) cash flows as lower mortgage rates drove higher prepayment activity."
On this news, PennyMac's stock price fell $49.78 per share, or 33.3%, to close at $99.92 per share on January 30, 2026.
Why Rosen Law: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered billions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers.
Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.
Attorney Advertising. Prior results do not guarantee a similar outcome.
Contact Information:
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Options and derivatives marketplace Cboe Global Markets (CBOE +3.19%) plans to launch new extended trading hours for select multi-exchange mega-cap stock options.
The extended hours will see the market open for options trading for these select stocks at 7:30 a.m. ET, two hours earlier than the major indexes open for trading. It will stay open until 4:15 p.m. ET, 15 minutes past the rest of the markets. This is for Monday through Friday only.
The 20 or so select stocks are all mega-caps, including all the Magnificent Seven stocks -- Nvidia, Microsoft, Apple, Alphabet, Amazon, Meta, and Tesla. It also includes big names like Broadcom, Palantir, and Advanced Micro Devices.
This is a huge development for Cboe and the markets in general. Now, for the first time, investors will be able to trade stock options for the Magnificent Seven and other market movers two hours before the market opens. That is beneficial for Cboe. Here's why.
Image source: Getty Images.
Cboe thrives on volatility Cboe generates most of its revenue from fees tied to trading on its index. So, the more volatility there is, and the higher the Cboe Volatility Index (VIX) goes, the more revenue Cboe typically generates. So with trading hours extended, it would lead to additional trading and revenue.
In the first quarter, the VIXEQ, Cboe's Constituent Volatility Index, skyrocketed. The VIXEQ measures the volatility of single stocks as opposed to the whole market. The VIXEQ is currently at 50, the highest its been sinced the tariff spike in April 2025 and one of the highest levels in the past five years.
But more importantly, the spread between the VIX and the VIXEQ is at historically wide levels as the VIX is at a pretty normal level -- 15. This means that single stocks are highly volatile, but that voilàtility is masked by a seemingly calm overall VIX.
It is no coincidence that Cboe had a record Q1, with revenue up 29% and earnings up 54% year over year. Options revenue increased 33%, due to a 10% increase in options average daily volume. Transaction and clearing fees for options were up 34%. Equity revenue also set a record, up 18% year over year, with transaction and clearing fees rising 40%.
Cboe stock spiked to an all-time high of $366 per share on May 13, and at that time it was up 46% year to date. It has since come crashing back down on perhaps several factors. There may have been profit-taking, particualrly after the company announced layoffs and volatility appeared to have subsided. Now, Cboe stock is trading at $265 per share, up about 5% YTD.
Cboe Predicts Cboe is also rolling out a new prediction markets product, in conjunction with Charles Schwab, called Cboe Predicts.
It will allow users to trade on predictions about financial markets. The prediction market product and extended trading hours should help Cboe boost revenue, which could help support revenue when markets are less volatile than they were in Q1.
The VIX has settled down and is back in a more normal range but the VIXEQ is extremely high. With the VIXEQ high, large-cap stocks still overvalued, and geopolitical conflicts ongoing, Cboe stock should be one to keep on your radar.
Cboe stock is trading at a more reasonable level at 22 times earnings. The stock has a median price target of $325 per share, which would represent a 21% increase in price.
Cboe stock might be worth buying at this valuation, because if the market gets wild again, you know youʻll have a stock that thrives on volatility.
Dave Kovaleski has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Advanced Micro Devices, Alphabet, Amazon, Apple, Broadcom, Meta Platforms, Microsoft, Nvidia, Palantir Technologies, and Tesla. The Motley Fool recommends Cboe Global Markets. The Motley Fool has a disclosure policy.
Aave Labs has launched Stable Vaults, a plug-and-play smart contract infrastructure that lets neobanks, wallets, payment apps, and fintechs offer fixed-rate stablecoin yield to their users, no custom DeFi backend required.
The product converts variable on-chain lending rates from Aave markets into predictable, advertised returns that any business can confidently publish to customers.
We've built the easiest way to bring DeFi into user-facing applications. Stable Vaults offer fixed yield, cross-chain access, multi-strategy allocation, tier-based rates, and more.
Stable Vaults power the Aave App's Earn experience and are now available to businesses looking to… https://t.co/bOBH9MEK4j
— Stani (@StaniKulechov) July 9, 2026
The timing is deliberate. As US stablecoin legislation advances and more consumer apps compete with traditional savings accounts on yield, Aave is positioning itself as the infrastructure layer powering that next wave of dollar-denominated financial products.
This news dropped as AAVE is trading at around $95, down -1.5% over the past 24 hours, with a daily trading volume of $178M. However, the leading DeFi token is up around +44% over the past thirty days.
$AAVE is breaking down from a symmetrical triangle after multiple failed attempts to reclaim the upper trendline 👀. Sellers have taken control, and the bearish breakout is now testing lower support levels.
A confirmed move below the triangle support suggests downside momentum… pic.twitter.com/pZ55KIzVEd
— Crypto With Gopal (@cryptowithgopal) July 13, 2026
How the Aave Stable Vaults Actually Work The core mechanic is straightforward: operators integrate once, then choose which stablecoins to accept, currently USDC, USDT, and Aave’s native GHO, and which yield strategies to deploy. Supported strategies include Aave V3 and V4 markets, as well as any ERC-4626-compliant vault, meaning operators are not locked into Aave-only liquidity sources.
The vault smooths out rate variability and delivers a fixed rate to end users. Any yield earned above that promised rate flows back to the operator as additional revenue – a spread model worth understanding if you are a user choosing between competing platforms built on the same infrastructure.
Operators can also tier their offerings: higher returns for loyal or premium customers, short-term promotional rate campaigns, and custom eligibility rules to match local regulations or risk appetite.
Users can deposit and redeem across any networks the operator supports, with cross-chain mechanics handled at the vault level rather than pushed down to individual users.
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Chainlink Does the Heavy Lifting on Infrastructure Aave's cross-chain GHO is officially live, #PoweredByChainlink CCIP starting with @arbitrum mainnet.
The @aave DAO voted for this integration with 100% approval.https://t.co/IkiAD597Vd pic.twitter.com/o0AvVSwiGt
— Chainlink (@chainlink) July 2, 2024
Chainlink CCIP (Cross-Chain Interoperability Protocol) enables secure transfers between chains, while Chainlink Price Feeds provide reliable price data across the system. The Aave App itself already runs on both, which Aave Labs cites as production-grade evidence rather than a pilot-stage claim.
The four named use cases from the launch cover the full spectrum of consumer finance: a neobank embedding Aave-powered savings directly in its app; a payment provider letting merchants earn on idle funds sitting between transfers; a wallet offering one-click earning via Savings GHO; and a fintech issuing its own stablecoin and building an enclosed earning loop through a tailored ERC-4626 vault.
That last case is particularly significant for stablecoin adoption; it gives any company launching a dollar-pegged token an instant yield layer without having to engineer a DeFi protocol from scratch.
The broader Aave protocol holds over $12Bn in total value locked, providing the underlying liquidity context that makes fixed-rate promises credible at scale. Stable Vaults draws on that pool rather than asking operators to source their own.
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What This Means for the Stablecoin Yield Landscape Stable Vaults is not competing with Aave’s own lending market; it is a distribution layer on top of it. Every neobank or fintech that integrates becomes a channel for routing user capital into Aave’s ecosystem, thereby deepening TVL and protocol revenue without Aave needing to own the customer relationship directly.
The operator-keeps-spread model is the nuance to watch. End users receive a fixed rate, but the economics strongly favor platform operators, at least until competitive pressure forces higher pass-through rates.
That dynamic is already visible in adjacent products; competing DeFi lending infrastructure like Morpho captured $90M in TVL in its first week partly by offering more aggressive yield pass-through to users.
For now, Stable Vaults offers something genuinely new: a path for any app to make stablecoin yield feel as ordinary as a savings account balance and for Aave to become the silent engine behind a significant share of the dollar-denominated DeFi economy.
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Decentralized finance now spans multiple blockchains. Liquidity, applications, and users (including Aave) are dispersing across networks, which makes the infrastructure connecting those networks as important as the smart contracts running on them.
Cross-chain infrastructure already underpins core parts of Aave such as GHO, Savings GHO, and governance. As the Aave grows, users need a simple experience backed by infrastructure that’s as robust as the protocol level.
Today, CCIP handles cross-chain GHO transfers and multi-chain governance through Aave Delivery Infrastructure (a.DI). It will now also support the Aave App's cross-chain logic via Stable Vaults (learn more here), covering vault rebalancing, yield optimization, deposits, and transfers. Aave applies rigorous security standards to every dependency, whether it’s a listed asset or the protocol itself. CCIP exceeds those standards and extends infrastructure Aave already trusts, making it the go-to cross-chain standard for the protocol.
Cross-Chain Layer Behind the Aave App, GHO, and Governance The Aave App is designed to make DeFi feel like a modern fintech application. Users earn Aave-powered yield across multiple chains without knowing it, and without dealing with the infrastructure underneath each action.
CCIP provides the cross-chain messaging and transfer capabilities that make this possible. Vault rebalancing, yield optimization, deposits, withdrawals, and transfers across Ethereum, Base, and Arbitrum all route through a shared infrastructure standard. Instead of manual bridge-and-deposit steps, the app handles cross-chain movement in the background.
GHO and Savings GHO transfers also run over CCIP using the Cross-Chain Token (CCT) standard. This gives Aave's stablecoin and savings products a consistent security model across networks. At time of writing, GHO is available on 8 different networks and plays an important role for Aave as a business.
Aave DAO governance uses CCIP through a.DI for cross-chain execution, allowing proposals to move securely between the networks where Aave operates. As a DAO, Aave governance needs to pass onchain proposals frequently, having reliable infrastructure for executing these proposal is essential.
Together, these integrations make CCIP the default cross-chain standard across the Aave ecosystem.
Why Aave Builds On CCIP Aave is the largest DeFi protocol in existence, and security is the top priority. The protocol holds infrastructure to high standards formalized in LlamaRisk's Aave Risk Framework and Aave Labs' Technical Asset Listing Framework. CCIP satisfies the requirements of both.
More importantly, it extends infrastructure Aave already trusts. Chainlink Data Feeds have served as Aave's oracle system since January 2020. CCIP runs on the same decentralized oracle network, which means cross-chain operations inherit an existing security relationship rather than create a new one.
Cross-chain actions on Aave, whether a deposit, withdrawal, Aave App vault rebalance, or governance execution, typically involve multi-step instructions delivered alongside the value being moved. CCIP handles messaging and token transfers in a single transaction, giving Aave one interface for all of these workflows rather than a separate system for each product or route.
Each bridge lane is secured by at least 16 independent node operators distributed across organizations, regions, and infrastructure providers. Native rate limits cap cross-chain exposure during abnormal conditions, sized to match sustained historical flows rather than peak bursts. These controls align with the conservative risk posture Aave has maintained since day one.
Aave has selected Chainlink’s Cross Chain Interoperability Protocol as the default infrastructure for cross chain activity across its ecosystem, expanding the integration to cover the Aave App and Stable Vaults.
CCIP already supports transfers of Aave’s GHO stablecoin and cross chain governance through the Aave Delivery Infrastructure, known as a.DI. The system will now also handle the Aave App’s cross chain operations, including deposits, withdrawals, vault rebalancing, yield optimization, and asset transfers.
The Aave App uses Stable Vaults to move deposits and optimize yield across Ethereum, Base, and Arbitrum. CCIP will process those actions in the background, removing the need for users to manually bridge assets before depositing them into another network.
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Aave Labs introduced Stable Vaults as an infrastructure product that allows businesses to add fixed rate stablecoin yield to their own applications. The same vault technology already powers savings products inside the Aave App.
GHO and Savings GHO also use CCIP through Chainlink’s Cross Chain Token standard. GHO is currently available across eight networks, with CCIP providing a shared system for moving the stablecoin between supported chains.
The system uses a lock and mint model when moving GHO from Ethereum to supported layer 2 networks. For transfers between other networks, CCIP can use a burn and mint structure designed to preserve GHO’s total supply and fungibility.
Aave governance uses the same infrastructure through a.DI, which allows proposals approved on Ethereum to be executed across other networks where the protocol operates.
The expanded integration gives Aave one system for handling token transfers and the instructions attached to them. This allows actions such as deposits, withdrawals, vault reallocations, and governance executions to move data and assets together instead of relying on separate infrastructure for each operation.
Aave said the decision builds on its existing relationship with Chainlink. Chainlink Data Feeds have served as the protocol’s oracle infrastructure since January 2020, while CCIP operates through the same broader decentralized oracle network.
Each CCIP bridge lane used by Aave is supported by at least 16 independent node operators distributed across different organizations, locations, and infrastructure providers. The system also applies rate limits that restrict the amount of value that can move between networks during abnormal conditions.
Disclosure: This article was edited by Estefano Gomez. For more information on how we create and review content, see our Editorial Policy.
Aave has expanded its use of Chainlink’s Cross-Chain Interoperability Protocol (CCIP), making it the default infrastructure for cross-chain activity across its ecosystem.
Summary
Aave has made Chainlink CCIP its default infrastructure for cross-chain operations. CCIP now powers deposits, withdrawals, Stable Vaults, GHO transfers, and governance. Chainlink continues expanding institutional adoption through Project Pangea and banking partnerships. According to an announcement from Aave, the protocol has selected Chainlink CCIP to power cross-chain functions across the Aave App and Stable Vaults, extending an integration that already supports GHO stablecoin transfers and governance messaging.
The update places a single interoperability layer behind token transfers, vault management, and governance execution instead of relying on separate systems for different tasks.
Previously, CCIP was already responsible for moving Aave’s GHO stablecoin across supported networks and for handling cross-chain governance through the Aave Delivery Infrastructure, or a.DI. With the latest expansion, the same infrastructure will now process deposits, withdrawals, vault rebalancing, yield optimization, and asset transfers carried out through the Aave App.
Cross-chain operations now run through one infrastructure Inside the Aave App, Stable Vaults automatically move deposits between Ethereum, Base, and Arbitrum to improve returns for users. Under the new setup, CCIP carries out those background transfers without requiring users to manually bridge assets before moving funds between supported networks.
Aave Labs introduced Stable Vaults as an infrastructure product that allows businesses to add fixed-rate stablecoin yield to their own applications. According to Aave, the same vault technology already supports savings products available through the Aave App.
GHO and Savings GHO also rely on CCIP through Chainlink’s Cross-Chain Token standard. According to Aave, GHO is now available across eight blockchain networks, with CCIP providing the infrastructure used to transfer the stablecoin between those supported chains.
The protocol explained that transfers from Ethereum to supported layer-2 networks use a lock-and-mint model. For transfers between other supported chains, CCIP switches to a burn-and-mint process designed to preserve GHO’s total supply while keeping the token interchangeable across networks.
Existing governance and institutional work expands Cross-chain governance also continues to operate through the Aave Delivery Infrastructure. According to Aave, proposals approved on Ethereum can be executed across other blockchain networks where the lending protocol is deployed, allowing governance instructions and asset transfers to move through the same communication layer.
Aave added that the decision extends a relationship that began in January 2020, when the protocol adopted Chainlink Data Feeds as its oracle infrastructure. CCIP now operates alongside those services through Chainlink’s decentralized oracle network.
Security remains part of the design. According to Aave, every CCIP bridge lane used by the protocol is secured by at least 16 independent node operators spread across different organizations, geographic regions, and infrastructure providers. The system also applies rate limits that restrict the amount of value that can move between networks during abnormal conditions.
The announcement comes as Chainlink continues to expand its institutional footprint. As previously reported by crypto.news, the network joined Project Pangea in June alongside FairSquareLab, UniKA, and Qivalis to test stablecoin-based foreign exchange settlement between Europe and South Korea.
Chainlink said the initiative involves more than 50 banks representing over $10 trillion in assets under management, while Qivalis is backed by 37 European banks and UniKA represents more than 10 Korean commercial banks.
Shelton, CT, July 13, 2026 (GLOBE NEWSWIRE) -- Hubbell Incorporated (NYSE: HUBB) today announced it will release its second quarter 2026 financial results prior to the opening of the market on July 28th, 2026. The Company will then webcast its Analysts' Conference Call to discuss the results at 10:00 AM ET.
The full text of the press release announcing the results will be posted on Hubbell's corporate website under the Press Release section. You can also access this information by going to www.hubbell.com and selecting "Investors" from the options at the bottom of the page and then "Press Releases" from the drop-down menu.
The live audio of the conference call and accompanying materials will also be available and can be accessed by visiting Hubbell's Events and Presentations section. You can also access this information by going to www.hubbell.com and selecting "Investors" from the options at the bottom of the page and then "Events/Presentations" from the drop-down menu.
Hubbell Incorporated is a leading manufacturer of utility and electrical solutions enabling customers to operate critical infrastructure safely, reliably and efficiently. With 2025 revenues of $5.8 billion, Hubbell solutions electrify economies and energize communities. The corporate headquarters is located in Shelton, CT.
A single manipulated price feed let an attacker turn 250 SAUCE tokens worth a few dollars into $9.05 million in borrowed USDC and wrapped HBAR in eight seconds.
Bonzo Lend, a lending protocol on the Hedera network, lost approximately $9.05 million after an attacker exploited a verification flaw in a third-party Supra oracle contract on July 11.
The attacker deposited 250 SAUCE tokens worth a few dollars as collateral, then submitted a manipulated price update that inflated the token's HBAR-denominated value, according to a preliminary incident report Bonzo published. The account subsequently borrowed 6.63 million USDC and 34.52 million wrapped HBAR, worth roughly $9.05 million at the report's reference HBAR price.
Fake Price, Fast ExitA second wallet borrowed roughly $1 million more while the abnormal price persisted, then contacted Bonzo through Discord, identified itself as a white-hat responder and said it would return the funds. That put total abnormal borrowing at about $10.06 million before the return.
Bonzo's own X account said the lend protocol had been temporarily paused while its team investigated volatile markets, and later confirmed it remains paused pending recovery work. Supra Labs, whose oracle contract processed the bad price, published its own incident report attributing the failure to a degenerate BLS signature and zero-valued public key that its Hedera verifier wrongly accepted for a single SAUCE/wHBAR feed, while saying its core aggregation and other feeds were unaffected.
Ecosystem FalloutHedera's total value locked fell nearly 40% in 24 hours after the exploit, and Bonzo's own TVL plunged 77% in the same window. DefiLlama now shows Bonzo's TVL at $3.06 million.
A security researcher's technical writeup said more than $5.25 million of the stolen funds was bridged to Ethereum via LayerZero and swapped into ETH within hours.
SAN FRANCISCO--(BUSINESS WIRE)--Hims & Hers Health, Inc. (“Hims & Hers”, NYSE: HIMS), the leading health and wellness platform, today announced that it will report second quarter 2026 financial results after the market closes on Monday, August 10, 2026. The company will host a live conference call to discuss the results at 5:00 p.m. ET the same day.
The conference call can be accessed by dialing (888) 510-2630 for U.S. participants and (646) 960-0137 for international participants, referencing conference ID 1704296. A live audio webcast will be available at https://investors.hims.com and will be archived for one year.
About Hims & Hers Health, Inc.
Hims & Hers is the leading health and wellness platform on a mission to help the world feel great through the power of better health.
We believe how you feel in your body and mind transforms how you show up in life. That’s why we’re building a future where nothing stands in the way of harnessing this power. Hims & Hers normalizes health & wellness challenges—and innovates on their solutions—to make feeling happy and healthy easy to achieve. No two people are the same, so the Company provides access to personalized care designed for results.
For more information, please visit https://investors.hims.com/.
The Undercovered Dozen series spotlights 12 lesser-covered stocks featured on Seeking Alpha between July 3 and July 9. This curated selection aims to provide fresh investment ideas and foster community discussion around under-the-radar equities. Readers are encouraged to engage, share perspectives, and highlight additional overlooked investment opportunities.
Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, but may initiate a beneficial Long position through a purchase of the stock, or the purchase of call options or similar derivatives in TEM over the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
HomeMarketsU.S. & CanadaMarket ExtraMarket ExtraA deluge of hyperscaler debt creates risk that investors will run up against concentration limits in their portfolios from a single company or industryJuly 13, 2026, 3:30 p.m. ET
Investors are no longer finding it easy to digest the torrent of debt funding the artificial-intelligence buildout.
Tech borrowing only kicked off in earnest last fall, when the megacap Big Tech companies known as hyperscalers started to voraciously issue debt. Now, hyperscalers are the largest contributors to the 32% increase in U.S. investment-grade corporate bond supply in 2026 through July 10, according to a new BofA Global report.
Robinhood Chain auction listings will now surface directly in the Uniswap Web App, where users can launch, browse, bid and claim tokens in one place.
Uniswap said its Continuous Clearing Auctions, known as CCA, and Uniswap Auctions tool are now live on Robinhood Chain, letting teams run fully onchain token sales on the network.
The official Uniswap account said the launch lets teams "run fully onchain token auctions," "discover a credible market price" and "bootstrap liquidity on Uniswap v4," the protocol's latest exchange version.
As part of the rollout, Robinhood Chain auctions will now be listed inside the Uniswap Web App rather than a separate interface. Uniswap said users will be able to "launch, browse, bid, and claim all in one place" once a project sets up an auction on the chain.
A companion post from Uniswap's blog said teams can configure and launch an auction directly from the web app, with CCA functioning as the protocol's liquidity bootstrapping mechanism, running price discovery over multiple blocks before tokens move to a Uniswap v4 pool.
The integration extends Uniswap's no-code auction tool launched last month to Robinhood's own network, which went live with its mainnet in early July and has since seen surging activity tied to memecoin trading.
DFINITY Goes Live with Community Stress Test@Dfinity has activated MULTI/DEX in Play Mode on multidex.ai, kicking off a structured community evaluation phase for what the project describes as a "DeFi 3.0" protocol built entirely on Internet Computer ($ICP).
The exchange went live on July 11, and simulated trading volume crossed $243 million within 24 hours by July 13, according to the platform's public dashboard. All balances during this phase are dummy assets, meaning no real capital is at risk. Each participant starts with $100,000 in simulated funds and competes on a public leaderboard.
The exchange recorded over $162 million in volume and more than $129,000 in simulated fees on its first day alone.
How MULTI/DEX WorksMULTI/DEX runs 100% on-chain and lists Bitcoin ($BTC), Ethereum ($ETH), Solana ($SOL), and $ICP against an ICPUSD quote asset. It combines a central limit order book with an automated market maker (AMM), and supports both spot trading and margin positions with up to 10x leverage. An insurance fund built from 5% liquidation penalties is designed to absorb bad debt and keep the exchange solvent.
The infrastructure sits under the governance of the Network Nervous System (NNS), Internet Computer's on-chain algorithmic governance mechanism, which directly orchestrates and updates the network. NNS proposal 142,743 created a dedicated SEV-enabled subnet with confidential computing to host the exchange, spanning seven nodes across seven independent providers and seven jurisdictions. A follow-up proposal on July 9 authorized deployment of the exchange canisters on that subnet.
The Play Mode phase is not just a product demonstration. DFINITY is using it as a formal community evaluation ahead of an official GitHub release. Developers are actively encouraged to probe the protocol for vulnerabilities, with bugs and exploits directed to a dedicated bounty email address. The broader goal is to gather enough community confidence to submit MULTI/DEX to an NNS vote for permanent, autonomous, ownerless execution.
DFINITY founder Dominic Williams framed the launch as a direct challenge to centralized exchanges, describing the project as "true DeFi that mimics CEXs." The play-mode period will determine whether the community endorses handing full control of the platform to the NNS.
Sources:
BeInCrypto via Yahoo Finance: ICP Traders Pile $243 Million Into Multi/DEX
DFINITY Developer Forum: MULTI/DEX Thread
DFINITY: The Network Nervous System, Governing the Internet Computer
Toronto, Ontario--(Newsfile Corp. - July 13, 2026) - IAMGOLD Corporation (TSX: IMG) (NYSE: IAG) ("IAMGOLD" or the "Company") is pleased to announce it plans to release its second quarter 2026 operating and financial results after market hours on Thursday, Aug 6, 2026. Senior management will host a conference call to discuss the operating performance and financial results on Friday, Aug 7, 2026, at 8:30 a.m. (Eastern Time).
Listeners may access the conference call via webcast from the events section of the Company's website at www.iamgold.com (webcast link below), or through the following options:
Pre-register via: Chorus Call IAMGOLD Q2 2026 Registration (recommended) – Upon registering, you will receive a calendar booking by email with dial-in details and unique PIN. This process will bypass the operator and avoid the queue.
Toll free (North America): 1 (833) 752-3518
International: 1 (647) 846-8209
Webcast: https://event.choruscall.com/mediaframe/webcast.html?webcastid=qnpPqCfg
An online archive of the webcast will be available by accessing the Company's website at www.iamgold.com. A telephone replay will be available for one month following the call by dialing toll free 1 (855) 669-9658 within North America or 1 (412) 317-0088 from international locations and entering the passcode: 7277160.
About IAMGOLD
IAMGOLD is an intermediate gold producer and developer based in Canada with operating mines in North America and West Africa, including Côté Gold (Canada), Westwood (Canada) and Essakane (Burkina Faso). The Côté Gold Mine is among the largest gold mines in production in Canada, which IAMGOLD operates in a 70|30 partnership with Sumitomo Metal Mining Co. Ltd. In addition, the Company has an established portfolio of early stage and advanced exploration projects within high potential mining districts, including the large-scale Nelligan Mining Complex located in Quebec, Canada. IAMGOLD employs approximately 3,700 people and is committed to maintaining its culture of accountable mining through high standards of Environmental, Social and Governance practices. IAMGOLD is listed on the New York Stock Exchange (NYSE: IAG) and the Toronto Stock Exchange (TSX: IMG).
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/305001
When Progmat announced in February 2026 that it would migrate Japan's largest security token platform to Avalanche, it was a signal. That migration is now complete. Progmat has finished moving all digital securities on its platform to an Avalanche L1, covering more than JPY 452 billion in total asset value. The migration was completed on schedule, with no operational disruption to participating financial institutions.
When Progmat that it would migrate Japan's largest security token platform to Avalanche, it was a signal. That migration is now complete.
Progmat has finished moving all digital securities on its platform to an Avalanche L1, covering more than JPY 452 billion in total asset value. The migration was completed on schedule, with no operational disruption to participating financial institutions.
What Progmat IsProgmat is Japan's dominant digital asset issuance and management platform, holding the top market share by both number of deals and total issuance value. Its portfolio spans real estate security tokens and tokenized corporate bonds, the two primary asset classes in Japan's domestic security token market.
The numbers reflect the scale of what has been built. Currently, Progmat's platform accounts for:
JPY 452 billion+ in total asset value across all active Security Token (ST) projects
53.4% market share by number of deals, 64.6% by total issuance value
45 of 89 publicly disclosed ST projects in Japan handled by Progmat
JPY 231.3 billion of the JPY 364.3 billion total market handling amount
Until now, all of that activity existed on a permissioned private ledger, accessible to domestic financial institutions but invisible to the broader global RWA ecosystem.
How the Migration Was DoneRather than a straight swap of one ledger for another, Progmat redesigned the underlying architecture so the platform is no longer tied to any specific blockchain, making it easier to facilitate a multi-chain platform as requirements evolve.
All existing smart contracts were ported to EVM without changing the behavior or specifications of any live project, and financial institutions continued operating normally throughout. The most tangible result: rights transfer processing is now approximately 3 to 5 times faster than the pre-migration environment.
The Next Frontier: Japanese Government Bonds On-ChainWith the migration complete, Progmat is already moving to the next challenge. In May 2026, Progmat launched a Tokenized Government Bonds & On-Chain Repo Working Group within its Digital Asset Co-Creation Consortium, with the goal of bringing Japanese Government Bonds (JGBs) onto public blockchain infrastructure.
The working group is studying tokenized JGBs paired with stablecoin-based repo transactions to enable 24/7 trading and same-day (T+0) settlement, capabilities the existing JGB settlement infrastructure cannot support. The working group's roster spans asset managers, banks, securities firms, and public-blockchain infrastructure, with Avalanche named among the public-chain technologies under consideration alongside major domestic financial institutions and BlackRock Japan. The group plans to publish a report in October 2026 and aims to launch a commercialization project before year-end.
JGBs represent one of the world's largest sovereign bond markets by outstanding balance. The infrastructure that was just rebuilt is the foundation a JGB tokenization project would run on.
From Announced to OperationalWhen Progmat announced the migration in February, the story was about intent: what Japan's largest ST platform had decided to build, and why Avalanche was the right foundation for it.
A large-scale migration of regulated financial infrastructure, completed without disruption, on a public blockchain. Japan's ST market is now on-chain in a way that global participants can actually see and engage with.
The next phase, more asset classes, broader investor access, and eventually on-chain settlement for government bonds, builds on what was finished.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
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.
5 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.
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.
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 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.
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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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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.
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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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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.
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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
Circle's $USDC’s Grip on Solana Slips to 46% as $USDT and Rivals Gain Ground
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.
