Track market-moving stories before they get noisy

Trading volume for Solana has fallen to 2026 lows as record negative sentiment raises the possibility of a surprise market reversal.

Solana’s recovery appears to have lost momentum after it shed over 6% in the past week. As it currently trades near $77, it is facing its most negative market sentiment of 2026.

In fact, SOL’s trading volume has dropped to its lowest point in 2026, while negative commentary surrounding the asset has surged to its highest daily level this year, according to Santiment.

Rebound Setup Emerges Much of the disappointment stems from expectations that strong narratives around tokenized stocks and real-world asset (RWA) activity would translate into stronger price performance, something traders have yet to see.

Santiment noted that this combination of elevated fear, uncertainty, and doubt (FUD) alongside weak trading volume has historically created conditions that can favor a rebound. With retail participation low and sentiment deeply negative, there may be less resistance if large stakeholders decide to drive Solana’s prices higher, which could potentially set the stage for a sharp move that catches traders off guard.

The Solana network added 1.60 million new addresses over the past two weeks. Additionally, the SuperTrend indicator on SOL’s three-day chart also flashed a new buy signal for the first time since October 10, 2025, when the Average True Range (ATR) trailing stop moved below the price. According to analyst Ali Martinez, the previous SuperTrend sell signal was followed by a 74% price correction. He said the latest signal points to a bullish trend and could send SOL toward $100.

Michaël van de Poppe also observed that the crypto asset has re-entered its trading range and may briefly pull back before continuing its upward move. He added that holding the $75-$77 range as support could open the door to gains toward $100 and potentially $120 in the coming weeks or months.

$78 Holds the Key Another crypto analyst, Dami-Defi, also pointed to a potential breakout as SOL currently tests the upper boundary of a descending channel that has been in place since September 2025. According to the analyst, a three-day close above $78 would confirm the breakout and open the door to an initial move toward $105, followed by $125 and $155 if momentum continues.

You may also like: Why Capital Is Flowing Into XRP, SOL, and HYPE Instead of BTC and ETH Here’s How Deeply Underwater Corporate Crypto Bets Have Become After Latest Crash Bitcoin to $16 Trillion? ARK Says BTC Could Eat 70% of the Entire Crypto Market However, the setup would be invalidated by a three-day close below $72, and stronger trading volume would be needed to confirm the breakout.

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Por Que a B3 Está Ampliando os Derivativos de Cripto? A bolsa brasileira B3 expandiu sua oferta regulada de derivativos de criptoativos com opções sobre futuros de bitcoin, ether e solana, oferecendo a traders locais e gestores de ativos mais um ambiente para gerenciar exposição a ativos digitais sem precisar migrar para mercados de cripto no exterior.

Os novos contratos passaram a ser negociados em 6 de julho, de acordo com um comunicado da B3. O lançamento inclui opções de compra e venda sobre futuros de bitcoin denominados em reais, enquanto os futuros de ether e solana são denominados em dólares americanos.

O lançamento adiciona mais uma camada à crescente estrutura do mercado regulado de cripto no Brasil. Em vez de oferecer custódia de cripto à vista ou liquidação direta de tokens, a B3 está construindo derivativos listados vinculados a benchmarks de cripto. Essa abordagem permite que participantes institucionais negociem exposição a preços, volatilidade e estratégias de hedge por meio de instrumentos negociados em bolsa, permanecendo dentro de um ambiente de mercado regulado.

O momento também é relevante. O Brasil já é um dos mercados de cripto mais ativos da América Latina, com forte demanda por stablecoins, produtos de investimento em cripto e acesso regulado à negociação. Ao expandir as opções vinculadas a futuros, a B3 está se posicionando como um provedor de infraestrutura local para gestão de risco em cripto, em vez de deixar as atividades de negociação mais avançadas para plataformas no exterior.

Como Funcionam os Novos Contratos? As opções são liquidadas nos contratos futuros subjacentes, não em bitcoin, ether ou solana propriamente ditos. A B3 informou que os produtos não envolvem custódia, transferência ou administração de criptoativos à vista.

Essa distinção é central para o desenho do produto. A liquidação em futuros permite que a bolsa ofereça exposição vinculada a cripto evitando os problemas operacionais associados à posse direta de tokens. Isso também dá a corretoras, gestores de ativos e traders profissionais um framework mais claro para margem, compensação e gestão de risco.

Os contratos são negociados de forma independente das 9h às 18h30, horário local, de acordo com o cronograma de negociação de derivativos da B3. O exercício é automático no vencimento quando a opção está dentro do dinheiro (in the money), a menos que o titular bloqueie o exercício.

Os 3 produtos referenciam índices de cripto da Nasdaq, segundo o anúncio. O contrato futuro de bitcoin da B3 é denominado em reais, enquanto seus futuros de ether e solana são denominados em dólares americanos. Essa divisão dá à exposição em bitcoin uma estrutura em moeda local, enquanto ether e solana permanecem vinculados à precificação em dólares.

Resumo para Investidores As novas opções de cripto da B3 dão aos investidores brasileiros uma forma regulada de negociar volatilidade e proteger exposição sem precisar tomar custódia dos tokens. A estrutura mantém os produtos mais próximos dos mercados de derivativos tradicionais do que da negociação de cripto à vista no exterior.

O Que Isso Significa Para Traders e Gestores de Ativos? Para os traders, a principal mudança é o acesso a opções listadas localmente vinculadas aos principais futuros de cripto. Isso facilita a construção de posições direcionais, o hedge de exposição em futuros, a negociação de volatilidade implícita e a estruturação de estratégias mais complexas envolvendo bitcoin, ether e solana.

Para gestores de ativos, os produtos podem ajudar a gerenciar o risco de portfólio sem depender de plataformas de opções de cripto no exterior. Um mercado listado local também pode reduzir o atrito operacional para empresas que enfrentam restrições internas sobre custódia, risco de contraparte ou negociação fora de bolsas reguladas.

O recurso de exercício automático também aproxima os produtos das práticas padrão do mercado de derivativos. Quando uma opção vence dentro do dinheiro, ela é exercida no contrato futuro subjacente, a menos que o titular bloqueie o exercício. Isso pode simplificar a execução para usuários profissionais, embora também exija gestão ativa de margem e posição próximo ao vencimento.

O desenho do produto pode atrair principalmente participantes que já compreendem a exposição a cripto baseada em futuros. Como as opções são liquidadas em futuros, e não em tokens, os usuários precisam gerenciar os riscos dos contratos futuros subjacentes, incluindo alavancagem, chamadas de margem, base e denominação em moeda.

Por Que Isso Importa Para o Mercado de Cripto do Brasil? O lançamento amplia a aposta da B3 em produtos regulados de cripto, após movimentos anteriores de listar opções de bitcoin, futuros de ether e solana, e preparar contratos de evento vinculados ao bitcoin. A bolsa está construindo um conjunto de ferramentas mais amplo em torno de ativos digitais, mantendo os produtos dentro da estrutura de derivativos listados.

Essa estratégia reflete uma tendência mais ampla na adoção institucional de cripto. Plataformas reguladas não estão apenas oferecendo exposição direta aos preços de cripto. Elas também estão construindo os instrumentos necessários para hedge, negociação de volatilidade e alocação estruturada. As opções são uma parte importante desse mercado porque permitem que os investidores gerenciem o risco de queda, expressem visões sobre volatilidade e criem posições de risco definido.

O mercado brasileiro é especialmente relevante porque a demanda local por exposição a cripto tem crescido junto com os esforços regulatórios para trazer a atividade de ativos digitais para canais financeiros formais. A expansão da B3 dá aos participantes domésticos mais ferramentas, mas também aumenta a importância da liquidez, da precificação transparente e dos controles de risco.

As novas opções não eliminam a volatilidade subjacente das criptomoedas nem a incerteza regulatória. Elas, no entanto, oferecem aos investidores profissionais uma forma mais familiar de gerenciar essa volatilidade dentro da infraestrutura de bolsa do Brasil. Para a B3, o lançamento fortalece seu papel como o principal portal regulado do país para derivativos vinculados a cripto.

Yassine Bounou, better known as Bono, has now saved 7 of 9 penalties he’s faced across his World Cup career. That’s a 78% save rate in the highest-pressure moments in football.

For context, most elite goalkeepers save roughly 20-30% of penalties they face.

The penalty whisperer’s résumé Bounou’s reputation as a penalty-saving specialist was cemented during Morocco’s historic run at the 2022 Qatar World Cup. He kept clean sheets in knockout victories over both Spain and Portugal.

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He holds a joint record for most World Cup penalty saves by a goalkeeper at four, including those shootout stops against Spain.

Now playing in the 2026 World Cup, Bounou has continued adding to his legend. He’s already recorded notable penalty saves against the Netherlands.

Only two penalties have beaten him across all nine attempts.

From the pitch to the blockchain Bounou’s rising global profile has caught the attention of Solana’s memecoin ecosystem, where a token trading under the ticker $Bono has emerged.

The $Bono token doesn’t appear to have any official endorsement from Bounou himself, who maintains more traditional commercial partnerships like his ambassadorship with Maroc Telecom. There are no established digital asset protocols directly tied to his achievements.

Why athletes keep moving crypto markets For investors with exposure to Solana’s broader ecosystem, the volume generated by event-driven memecoins can temporarily boost network activity and fee revenue. Whether that translates to meaningful value for SOL holders depends entirely on scale, and most individual memecoins don’t move the needle on their own.

Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.

Ousmane Dembélé buried France’s second goal against Morocco in the 66th minute of their World Cup 2026 quarterfinal on July 9, and within moments, a different kind of scoreboard lit up. Trading activity in the Solana-based DEMBELE meme token surged alongside a cluster of low-cap World Cup tokens, proving once again that global sporting events have become live catalysts for crypto speculation.

The meme token machine runs on goals The DEMBELE token, a fan project built on Solana, saw renewed interest as France advanced deeper into the tournament bracket. It sits alongside other low-cap speculative plays like WORLDCUP26 and FWC26, all trading on decentralized platforms where liquidity is thin and volatility is extreme.

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Prediction markets also saw elevated volumes around the France-Morocco match. Platforms that let users bet on match outcomes, goal scorers, and tournament brackets have been running hot throughout the 2026 World Cup, with quarterfinal stages historically driving the sharpest upticks in participation.

Kraken, Panini, and the legitimacy layer Kraken was named FIFA’s Official Crypto Exchange Supporter for the 2026 tournament on June 9, just a month before the quarterfinals kicked off. That deal represents one of the highest-profile partnerships between a crypto company and a traditional sports governing body, putting Kraken’s brand in front of an audience that numbers in the billions across the tournament’s run.

Panini, the collectibles giant, also entered the blockchain arena by issuing 2026 World Cup Prizm NFTs. Dembélé features among the players available in the collection.

Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.

Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.

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In brief OpenAI has released GPT-5.6 Sol, alongside the cheaper Terra and Luna, ending a two-week preview the U.S. Department of Commerce kept boxed in. Sol in ultra mode tops Terminal-Bench 2.1 at 91.9% and matches Anthropic's restricted Mythos Preview on ExploitBench while burning roughly a third of the tokens. The launch lands one day after Grok 4.5 and hours after Meta's Muse Spark 1.1, leaving Google's November 2025 Gemini 3 as the oldest frontier flagship still standing. OpenAI's GPT-5.6 Sol is now public. The company released its new flagship model to general users today, launching alongside two smaller siblings, Terra and Luna, after the U.S. Department of Commerce kept a preview restricted to about 20 trusted partners for two weeks.

The naming strategy is new for OpenAI. This is the first time the company gives names to its models instead of simply using numbers. Sol, Terra, and Luna mark capability tiers that can move on their own cadence. Sol is the flagship, Terra the everyday model OpenAI says matches GPT-5.5 at half the price, and Luna the cheaper option.

Pricing runs $5 and $30 per million input and output tokens for Sol, dropping to $1 and $6 for Luna. (Tokens, for those not in the know, are the smallest unit of information a model can handle. And companies typically price their models on a per token basis for API services) Two new knobs ship with it: a max reasoning effort that lets Sol think longer, and an ultra mode that farms work out to subagents.

For context, Anthropic charges $10/$50 for Claude Fable 5, Google charges $2/$12 for Gemini 3.1 Pro, xAI charges $15/$75 for Grok 4.5.

On the Chinese side: DeepSeek charges $1.74/$3.48 for V4 Pro, and Xiaomi charges just $1/$5 for MiMo v2.5 Pro—placing Sol between the premium U.S. frontier models and China's low-cost challengers.

What the benchmarks show

On Terminal-Bench 2.1—a test of command-line workflows that reward planning, tool use, and iteration, scored as the share of tasks a model completes—Sol in its ultra configuration hit 91.9%, with standard Sol at 88.8%.

That puts both ahead of Anthropic's Claude Mythos 5 at 88.0%, Claude Fable 5 at 84.3%, and Claude Opus 4.8 at 78.9%. Google's Gemini 3.1 Pro Preview trailed the chart at 70.7%.

OpenAI leaned hardest on cyber. On ExploitBench, which measures how well a model finds and weaponizes software vulnerabilities, Sol matched the restricted Mythos Preview while spending roughly a third of the tokens. OpenAI says Sol still doesn't cross the "Cyber Critical" line in its own risk framework.

The testers already have opinionsEarly access was loud. Theo, a well-known developer, AI youtuber and CEO of the AI platform T3 Chat, called Sol "world leading in computer use" and said it fixed the complaints he had with GPT-5.5.

Apparently I'm allowed to talk about GPT-5.6 now?

It's a damn good model. Not quite as "smart" as Fable, but it is incredibly capable. Fixed all the problems I had with GPT-5.5.

It is incredibly determined. Will run for a day without even using a /goal. It understands subagents…

— Theo - t3.gg (@theo) July 8, 2026

Dan Shipper, whose team at Every tested it for a month, offered the cleaner line: "GPT-5.6 is like a Porsche, Fable is like a warp drive." His read is that Sol is the daily driver and Fable the thing you reach for to cross the galaxy.

GPT-5.6 is like a Porsche, Fable is like a warp drive.

We've been testing internally @every for about a month. And GPT-5.6 is the best combination of power, speed, and performance for your day to day knowledge work and coding.

Fable is a different beast. If you need to get…

— Dan Shipper 📧 (@danshipper) July 8, 2026

Researcher Daichi Konno, who got in early, said Sol clearly beats GPT-5.5 and lands near Fable 5, with Anthropic still ahead in writing tasks. His sharper note: Sol's safeguards didn't trip on life-science questions, which he thinks could make it a default for biology work.

GPT-5.6-Solを一通り触りましたが、GPT-5.5より明らかに性能が高く、Claude Fable 5と優劣つけがたい印象です！

1. 文章執筆はFableに軍配が上がる
2. 生命科学系の話題に対してもセーフガードが発動しない

2点目が極めて重要で、今後バイオ系研究者はGPT-5.6-Solが1st choiceになるかもしれません！ https://t.co/pQmciCQH3q

— Daichi Konno / 紺野 大地 (@_daichikonno) July 9, 2026

Leaks already point past it. One roadmap-tracking account, "Synthwave" on X, claims GPT-5.6 is the last of the 5.x line, with GPT-6 built on a larger base arriving within about a month. The same thread pegs Anthropic's Fable 5.1 as close and DeepSeek's V4 general release as imminent.

The timing is pointed. Sol arrives the same week Anthropic's Fable 5 drops out of subscription plans—after it returned globally on July 1, the model moved to usage credits only once its 50% weekly allowance expired on July 7.

It's crowded at the top. SpaceXAI shipped Grok 4.5 yesterday at a fraction of the price, which Elon Musk called "roughly comparable to Opus 4.7, but much faster." Meta released Muse Spark 1.1 this morning, its first paid model. Neither leads the pack, but both are frontier-class.

That leaves Google as the one big U.S. lab that hasn't refreshed its flagship in this run. Its top model, Gemini 3, has been out since November 2025—the oldest frontier release still standing while OpenAI, Anthropic, xAI, and Meta all moved in the same seven days.

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Need to swap tokens now, at the current market price? A market order on 1inch lets you execute a swap immediately while 1inch searches across liquidity sources for an efficient route.

Let's imagine you want to swap tokens at the current available market price, without waiting for a specific price target to be reached.

In the moment, you don’t want to set a future price or wait for a limit order to fill. You want the swap executed at the best available rate right now.

That is what a market order does. On 1inch, this usually means making a standard swap: you choose the tokens, enter the amount and confirm the transaction.

A market order is an order to buy or sell an asset immediately at the current available market price.

In DeFi, this means your swap is executed using available liquidity across decentralized exchanges and other liquidity sources, like private market makers. The final rate can change slightly before execution, especially during volatile market conditions.

That is why 1inch shows important details before you confirm the swap, including the estimated rate, route and minimum amount you are expected to receive.

How to set a market order on 1inchTo place a market order on 1inch, open the 1inch dApp and select Market under the Trade tab.

Then:

Select the token you want to sell and the network you have it on.Select the token you want to buy and the network you want to have it on.Enter the amount.Check the slippage setting. Auto is set at 0.5%, but you can choose another percentage.Check the network fee setting. You can use the presets Aggressive and Market or set a custom amount.Confirm the swap in your wallet.Once confirmed, the swap is sent on-chain and executed according to the available market conditions.

Why use 1inch for market orders?Market orders depend on execution quality. A small difference in price, route or slippage can affect the final amount you receive.

1inch helps by searching across multiple liquidity sources to find an efficient swap route. Instead of checking different DEXs manually, you can use one interface to access aggregated liquidity.

This is especially relevant when swapping larger amounts or trading tokens with fragmented liquidity, where price impact and execution quality become more significant factors.

What to check before confirmingBefore you confirm a market order, always review the transaction details.

Pay attention to:

the token pairthe amount you are sellingthe estimated amount you will receiveslippage tolerancenetwork feesthe selected networkThese checks help you avoid simple mistakes, such as accepting worse execution than expected.

Market order vs limit orderA market order is for immediate execution. You accept the current available price and complete the swap now.

A limit order is different. With a limit order, you choose a target price, and the order executes only if market conditions match it.

Use a market order when speed matters. Use a limit order when price matters more than timing.

Swap tokens on 1inchMarket orders are the simplest way to swap tokens when you want execution now.

With 1inch, you can access aggregated DeFi liquidity, review key swap details and complete the transaction from one interface.

Go to 1inch and set your market order today.

Trust Wallet now supports Robinhood Chain, letting 220 million users send, swap, and receive Stock Tokens and crypto assets in one self-custodial wallet.

Trust Wallet has natively integrated Robinhood Chain, the Ethereum Layer 2 that Robinhood launched to public mainnet on July 1. Users of the self-custodial wallet can now send, swap, and receive assets on the network, including crypto-native tokens, real-world assets, and the Stock Tokens that track US equities and ETFs.

The integration puts Robinhood's newest piece of infrastructure in front of one of the largest retail audiences in crypto. Trust Wallet counts more than 220 million users worldwide and holds the position of the most widely used self-custody wallet, which means Robinhood Chain gains distribution across markets where Robinhood's own brokerage app does not operate.

Robinhood Chain is a permissionless network built on Arbitrum's technology stack, designed for tokenized real-world assets and settled on Ethereum. Stock Tokens on the chain trade around the clock rather than during exchange hours, and they can be used as collateral or supplied to lending markets. The chain launched without a native token, with gas paid in ETH.

For Trust Wallet users, the practical effect is that assets tied to equities now sit alongside conventional crypto holdings in the same wallet, under the same keys. Nothing about the integration changes custody. Balances remain under the user's control.

"Trust Wallet has natively integrated Robinhood Chain, launched by Robinhood Crypto," the wallet said in its announcement. "Send, swap and receive crypto-native assets and Stock Tokens seamlessly all in your self-custodial, Trust Wallet App."

Robinhood has publicly positioned the chain as settlement infrastructure for tokenized securities and a bridge between brokerage products and decentralized finance protocols. Uniswap, Lighter, 1inch, and Arcus were live on the chain from day one, with Chainlink supplying oracle data.

Memecoin activity has also arrived quickly and without a formal campaign behind it. Robinhood CEO and co-founder Vlad Tenev addressed the pattern directly, writing that while the company is building Robinhood Chain to be the best chain for RWA, "it works great for memes too."

While networks launched by regulated financial firms typically discourage speculative trading or wall it off entirely, Robinhood Chain has instead absorbed the meme category, and Trust Wallet's integration now serves it from a single interface.

The timing also reflects where tokenized assets sit in the broader market. Onchain treasuries and equities have grown from a theoretical product category into a multi-billion-dollar segment inside a year, with issuers ranging from asset managers to brokerages competing for settlement volume. Wallet distribution is one of the constraints on that growth. Tokenized shares are only useful to holders who can access them without opening an account with the issuer.

Trust Wallet has published details of the integration on its blog and through its support documentation.

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BSCN's dedicated writing team brings over 41 years of combined experience in cryptocurrency research and analysis. Our writers hold diverse academic qualifications spanning Physics, Mathematics, and Philosophy from leading institutions including Oxford and Cambridge. While united by their passion for cryptocurrency and blockchain technology, the team's professional backgrounds are equally diverse, including former venture capital investors, startup founders, and active traders.

Summer.fi's own post-mortem confirms the attacker began laundering the $6M haul through the mixer, calling it a sign of "limited intent to return the funds voluntarily."

The attacker behind the $6 million Summer.fi exploit has begun laundering the stolen funds, moving roughly $1.35 million in DAI through Tornado Cash, the sanctioned crypto mixer, according to Summer.fi's own post-mortem of the July 6 attack.

Summer.fi, the front-end for the Lazy Summer Protocol, said the attacker "swapped a portion of the proceeds and routed them through Tornado Cash... via an intermediary wallet (0x46e0…eBa7)," adding that the move "signals limited intent to return the funds voluntarily."

Laundering TrailOnchain Lens via Odaily, reported the exploiter's wallet received 6.017 million DAI from the attack and has since moved 1.35 million DAI, swapping it for ETH on Uniswap before sending it through the same intermediary wallet into Tornado Cash. The original wallet still holds about 4.67 million DAI, while the intermediary wallet holds 50 ETH, per the report.

The exploit itself drained roughly $6.04 million from two Lazy Summer USDC vaults on Ethereum on July 6, after an attacker manipulated vault share pricing using a stale-valued token position built up over three months, Summer.fi said. The Defiant previously covered the initial exploit.

Summer.fi said its security partners, including SEAL 911, are continuing to trace the funds but that tracing "breaks down" once assets are swapped out of stablecoins and deposited into a mixer. The protocol publicly named the attacker's funder and beneficiary wallet, 0x7BF7…BDCa, "so the community and exchanges can flag associated activity."

Roughly 4.67 million DAI of the original haul remains untouched in the exploiter's primary wallet, leaving open whether further funds will move through Tornado Cash.

Arbitrum will get 10% of net protocol income of Robinhood Chain according to Arbitrum Expansion Program revenue-sharing model. Robinhood Chain helps develop Arbitrum enterprise ecosystem and expand stock tokens, DeFi solutions, and on-chain finance products. Arbitrum has generated a new stream of revenue post-launch of the public mainnet of the Robinhood Chain using their Layer-2 blockchain technology. Co-founder of Offchain Labs, Steven Goldfeder, clarified that Robinhood Chain and other qualified Layer-2 networks using Arbitrum technology will be receiving protocol revenue. Ten percent of the protocol’s net revenue is returned to the Arbitrum ecosystem through pre-specified allocations. Steven Goldfeder said that “as enterprise adoption picks up, Arbitrum is positioned to capture revenue.” 8% goes to the treasury, and 2% will fund developer programs, he added. “100% of the fees collected on Arbitrum One will go to the Arbitrum treasury,” Goldfeder said.

According to the Arbitrum DAO factsheet, this revenue calculation is based on net protocol revenue. And, not gross fees earned by the protocol. This revenue-sharing mechanism is applicable to external chains launched under Arbitrum Expansion Program.

As enterprise adoption is heating up, Arbitrum is well positioned to capture revenue.

10% of fees collected on Robinhood Chain (and every other Arbitrum L2) go to the Arbitrum ecosystem — 8% to the tokenholder controlled treasury and 2% to fund development.

And of course 100%…

— Steven Goldfeder (@sgoldfed) July 8, 2026 Chain Expansion by Robinhood Robinhood Chain now runs inside Robinhood Wallet, where users can bridge their assets from Ethereum, Solana, Arbitrum, and other supported chains. Users can move their assets before executing swaps right from the wallet interface. Previous reports indicated that Robinhood developed the Ethereum Layer-2 chain based on Arbitrum tech for tokenized stocks, DeFi applications, and assets infrastructure.

Public testing had been done before Robinhood launched the network on the mainnet. The previous development reports revealed that the testnet conducted over four million transactions in its first week of operation. Robinhood had also identified tokenized stocks as one of the features of the blockchain. Tokenized stocks will be accessible for eligible users in over 120 countries via Robinhood Wallet and compatible decentralized exchanges.

On the other hand, Robinhood also introduced new blockchain products such as perpetual futures, decentralized lending, Stock Tokens, and other AI-driven trading features. The infrastructure partners include Uniswap, Chainlink, Alchemy, BitGo, and many more. 

The revenue-sharing model ties the success of blockchain adoption to the sustainability of the ecosystem. In addition, continued activity in the trading, lending, and tokenization platforms will be responsible for future protocol revenue generation in the Arbitrum DAO treasury.

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Offchain Labs co-founder Steven Goldfeder says every Arbitrum-based Layer 2, not just Arbitrum One, will now route a fee cut back to the ARB treasury.

Arbitrum will collect 10% of fees generated on Robinhood Chain and every other Layer 2 built on its technology stack, Offchain Labs co-founder Steven Goldfeder said Wednesday on X. Of that cut, 8% goes to the tokenholder-controlled Arbitrum treasury and 2% funds development, he said.

Goldfeder framed the fee-sharing model as a revenue play tied to enterprise growth.

"As enterprise adoption is heating up, Arbitrum is well positioned to capture revenue," he wrote, adding that Arbitrum One, the flagship rollup, sends 100% of its own fees to the treasury.

The disclosure clarifies how Arbitrum's Orbit framework, the toolkit third parties use to launch custom Layer 2 and Layer 3 chains on Arbitrum's stack, monetizes for ARB holders beyond the base chain.

Robinhood Chain, an Ethereum Layer 2 built on that stack, launched its mainnet July 1, adding tokenized stocks, onchain lending and agentic trading inside Robinhood's app. The Defiant first reported Robinhood's partnership with Arbitrum in February 2024.

An 8% treasury cut on external Orbit chains gives ARB a direct claim on fee volume generated outside Arbitrum's own network, a structural shift from a chain that previously monetized only its own base-layer activity. The arrangement extends to any Orbit-based L2, not Robinhood Chain alone, per Goldfeder's post.

The disclosure comes as Robinhood Chain sees early bridging activity, with several onchain trackers noting a sharp rise in ETH bridged to the new network in its first days live.

Jul 9, 2026, 8:28 p.m.

2 min read

Robinhood's Vlad Tenev speaks at Token2049 in Singapore (Token2049)Summary

Arbitrum's ARB token led gains among the top 100 cryptocurrencies after trading frenzy on Robinhood's new blockchain logged $568 million in daily volume.The brokerage's chain was built on Arbitrum's tech stack and sends 10% of its net protocol revenue back to the Arbitrum ecosystem.FalconX projected the chain could generate $60 million in revenue for Robinhood.Digital broker Robinhood's new chain is off to a flying start, and the benefits are trickling to Ethereum-based network Arbitrum.

The native token of Arbitrum (ARB) jumped 19% over the past 24 hours, making it the best-performing asset in the top 100 cryptocurrency, according to CoinDesk data. Bitcoin BTC$63,272.47 edged 1.5% higher to trade above $63,000, while ether (ETH) was up 0.5% in an otherwise muted day.

The gains came as Robinhood Chain, built on top of Arbitrum's technology stack and rolled out to the broader public a week ago, processed over $568 million in daily trading volume on Wednesday and logged over $350 million so far on Thursday, according to blockchain data from Entropy Advisors. Much of that activity was driven by a burst of memecoin trading, while stablecoin balances on the network also climbed quickly above $260 million within its first week.

The activity is translating into revenue for Arbitrum. Under the agreement, 10% of Robinhood Chain's net protocol revenue flows back to the Arbitrum ecosystem, split between the DAO treasury and the Developer Guild.

Robinhood's crypto pushRobinhood unveiled the chain at its London event last week as the centerpiece of a broader crypto push. The brokerage announced it would expand access to tokenized U.S. stocks to customers in more than 120 countries, launched a DeFi-powered savings vault offering yields through the lending protocol Morpho, and outlined plans to expand its crypto business into AI-powered trading and additional asset classes.

The early traction is running ahead of expectations. In an April report, FalconX projected that Robinhood Chain could generate about $ 1.1 million in transaction fees in the first six months.

"Based on just yesterday's activity, Robinhood is run-rating at more than $12.5 million in annualized revenue already," Brendan Ma, head of investment strategies at the Arbitrum Foundation, wrote on X. He added that most activity tied to tokenized real-world assets (RWA) has yet to arrive.

While the newfound trading frenzy may fade, onchain activity could become a key new revenue source for Robinhood over time. FalconX forecasted that revenue on transactions could grow to $60 million annually by 2030 as users branch out from tokenized stocks into DeFi and other onchain applications.

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Team Liquid just signed a 17-year-old Bulgarian AWPer named Georgi “Jorko” Mitev to its Counter-Strike roster, replacing Roland “ultimate” Tomkowiak after a rough stretch of competitive results. Team Liquid isn’t just any esports org, it’s one with deepening roots in the Sui blockchain ecosystem, and that intersection is where things get interesting for crypto watchers.

The signing, announced on July 9, 2026, comes during a year that’s been, charitably, a struggle for Liquid’s CS squad. The team barely scraped into IEM Cologne Major 2026 qualification and was promptly eliminated in Stage 1. Ultimate had been on the roster for two years before getting benched. Jorko, meanwhile, carries a 1.07 rating from his time with FOKUS and was ranked the 28th top prospect by HLTV. Born on December 11, 2008, he’s younger than some of the peripherals his new teammates use.

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Why crypto investors should care about an esports roster move The org established a multi-year partnership with Mysten Labs, the company behind the Sui blockchain, back in February 2024. Since then, Liquid has built out two key products: Liquid Vault, a digital collectibles platform, and MyBlue, a fan engagement system. The results have been tangible. Fan engagement jumped 37% following the integration.

The roster gamble and what it signals Jorko joins a roster that still includes established names like NAF, EliGE, and malbsMd, with flashie coaching from the sidelines. There have also been rumors about potentially adding Johnny “JT” Theodosiou as a new in-game leader.

What to watch from here The 37% engagement increase from the Mysten Labs partnership happened during a period of mediocre results. For crypto investors, the signal here is about whether tokenized fan engagement can become a sustainable revenue model for esports organizations, and whether chains like Sui can position themselves as the default infrastructure for that category.

Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.

WSJ: Core Silver and Arcus Enter Into Definitive Arrangement Agreement for Business Combination

Cathie Wood has said Ripple-backed OpenUSD may struggle to challenge USDT and USDC, even with major corporate names behind it, because stablecoin markets depend on liquidity, trust, collateral use, and daily platform integration.

ARK Says Stablecoin Moats Are Built on Use According to the ARK Invest CEO, stablecoins are like the monetary networks that evolve with increasing adoption by user bases, exchanges, wallets, and payment companies. She added that USDT and USDC have already established robust network effects in the crypto trading and payments space and DeFi.

In a research note, ARK Invest Director of Digital Assets Lorenzo Valente suggested that OUSD’s odds of supplanting the two biggest stablecoins are low. In his blog post “Why USDT and USDC are harder to kill than crypto Twitter thinks”, Valente also cautioned that many market participants may be overly optimistic about the power of the OUSD launch.

Open Standard, led by Stripe-owned Bridge co-founder Zach Abrams, introduced OUSD last month. The stablecoin is expected to be released later this year and aims to reduce adoption costs by eliminating issuance and redemption fees, sharing the majority of reserves with participants, and establishing independent governance.

Over 140 companies in the payments, banking, crypto, and tech sectors have been associated with the project, such as Ripple, BlackRock, Visa, Stripe, Google, Coinbase, DBS, and OKX. Some South Korean companies, such as Samsung Electronics and Shinhan Financial Group, have, however, stated they did not have an official agreement to participate in the consortium.

OUSD Faces Questions Over Liquidity and Incentives Valente said stablecoin network effects are “not created by a long list of logos”. He said they are derived from liquidity, habit, collateral acceptance, market depth, settlement flows, integrations, and risk of causing disruption to systems that are working.

His analysis also challenged the notion that OUSD would be able to develop a new yield model for users. He said OUSD is expected to be GENIUS Act compliant, meaning it cannot directly share yield with stablecoin holders. He termed the model “reserve economics” and not paying end-users.

Valente said that Binance serves as a prime case in point that exchanges might choose not to change forks when another stablecoin has a better reserve economics. According to him, Binance has approximately $45 billion in USDT, Bybit has around $4 billion, and OKX has around $9 billion.

He explained that USDT is still connected to the trading operation of Binance because it is used as a quote asset, a collateral asset, and a unit of account by traders. If they have “reserve cash” from another stablecoin, “it would have to be balanced against the risk that it would damage a bigger trading business”, Valente said.

Circle CEO Jeremy Allaire, like ARK Invest CEO Cathie Wood, has also earlier defended USDC after OUSD was announced. He noted that USDC enjoys global liquidity, developer integrations, and regulatory compliance but doubted the viability of sending the bulk of the profits back to partners at a large scale. Allaire said that such a system could cause “starvation” of the infrastructure.

If you want more information about lending platforms for institutions, check out our page on Institutional Crypto Lending

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BitMEX Research, the research division of a prominent crypto derivatives exchange, BitMEX, has issued its official Q2 2026 Derivatives Report. The report highlights that the market structure is shaping the differences across diverse perpetual futures markets instead of trader sentiment.

BitMEX Research’s report detects collateral design, oracle construction, and exchange demographics as the key factors impacting consistent funding disparities. Particularly, such structural differences provide recurring opportunities to let traders capitalize on diverse funding spreads.

BitMEX’s Quarterly Report Indicates Market Structure and Margin as Key Factors Responsible for Funding Rate Gaps BitMEX Research’s Q2 2026 Derivatives Report has pointed out the structural drivers leading to the gaps in the rates within the perpetual futures funding landscape. The report also reveals the impact of these dynamics on tokenized commodity and cryptocurrency perpetuals. Funding rates denote the periodic payments that are exchanged between short and long traders to maintain the alignment between perpetual futures prices and the core asset.

Though structural characteristics normally underscore indicators of bearish or bullish market sentiment, they often play a significantly bigger role in outlining their behavior. Examining such factors can deliver more dependable insights in comparison with depending just on market sentiment. One of the top findings of the report deals with margin currency. The report drew a comparison between $BTC-margined XBTUSD perpetual contract and $USDT-margined $XBTUSDT contract for a period of 3.5 years.

Funding Rate Disparities Provide Exclusive Trading Strategies Irrespective of tracking the same asset, these 2 contracts witnessed an average yearly funding spread of almost 3.93%. Specifically, the spread remained negative during up to 94% of the ninety-day phases. The report associates the respective difference with exclusive trader behavior. In this respect, $BTC-collateralized traders usually tend to hedge, whereas stablecoin consumers are more inclined to focus on leveraged long positions.

According to BitMEX Research’s report, from 2023 to 2026, the $BTC perpetual contracts of Hyperliquid traded at 7.17% in terms of an average yearly funding premium in comparison with Binance. Simultaneously, Ether perpetuals recorded an average premium of approximately 5.31%. In line with the report, decentralized exchanges gain a more long-biased and retail-driven trading community.

On the other hand, centralized exchanges leverage more effective arbitrage and more institutional participation. Overall, the report signifies that making a distinction between provisional event-led dislocations and long-term systematic funding differences can assist traders in better examining opportunities existing in the world of perpetual futures.

AUTHOR

Crypto journalist with years of experience providing in-depth analysis and news on blockchain and decentralized finance. With a keen eye for detail, Shahzaib delivers insightful articles that explore the latest trends, market movements, and innovations within the crypto and blockchain ecosystem. His work focuses on educating readers while offering expert commentary on the evolving landscape of digital assets, DeFi protocols, and the broader impact of blockchain technology.

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.

Strategy, led by Michael Saylor, has launched an interactive credit model that allows investors to calculate the resilience of its debt obligations in real time. The release came just two days after the company officially confirmed the sale of 3,588 BTC worth $216 million to secure dollar liquidity and payments on preferred shares.

The publication of the simulator seems to be Michael Saylor's direct response to renewed Wall Street discussions about the risks of his business model, designed to show analysts exactly how many years the company can hold out without a Bitcoin rally. 

Digital Credit is transparent because the principal market risk factor is Bitcoin, an observable, homogeneous asset. Analysts can assess BTC-related credit risk continuously, and investors can apply their own statistical models to inform valuation and trading decisions. $STRC pic.twitter.com/6Xo63MEmeM

— Michael Saylor (@saylor) July 9, 2026 Another goal might be a demonstration that controlled monetization of reserves is part of a new systemic capital architecture, the Digital Credit Capital Framework, rather than an emergency rescue from a shortage of funds.

The math behind Strategy's 30-year dividend bufferThe baseline parameters entered into the interface clearly show the current limits of the capital structure's resilience and answer the key question: What happens if Bitcoin completely stops growing?

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A 30-year payment reserve: The key BTC Years of Dividends metric shows that even if market growth stops completely, the company's existing crypto reserves worth $52.87 billion and accumulated dollar cushion, the USD Reserve, of $2.55 billion would be enough for exactly 30 years of uninterrupted payments on dividend obligations.3.33% for perpetual breakeven: The BTC Breakeven ARR metric shows that, for stable servicing of all coupons and dividends without raising new capital, the market does not even need an aggressive rally. Bitcoin only needs to rise by an average of 3.33% per year.A twofold coverage ratio: Total obligations on convertible bonds ($6.714 billion) and preferred shares ($15.464 billion) amount to $22.178 billion. At the same time, the current asset coverage indicator, BTC Rating, stands at 2.7x, which guarantees the safety of payments to investors even in the event of a prolonged market correction. You Might Also Like

For a long time, Michael Saylor's strategy was built on uncompromising Bitcoin accumulation, but the launch of the STRC debt instrument changed the rules of the game. By July, the volume-weighted average market price of STRC shares had fallen below the $100 par value, forcing the company to raise the dividend rate to 12.00% in order to protect the market price.

Payments at such rates require a regular inflow of fiat, which is why Strategy used the BTC monetization program of up to $1.25 billion approved by its board of directors.

Instead of classic passive holding, Saylor has moved to flexible asset management. In this context, the interactive model appears designed to strip traditional agencies, such as S&P with their "junk" ratings for the company, of their monopoly on risk assessment and to clearly show investors the transparent mathematics of debt sustainability in conditions where the crypto market is not constantly growing.

Key Takeaways NVDA shares have declined 14% from their May peak even as broader indexes reach new records The chip giant now trades at just 16x forward earnings for next fiscal year — a discount to the S&P 500 average First quarter fiscal results showed 85% year-over-year revenue expansion, marking the strongest growth in a year and a half Recent analyst reports from Citi and Wedbush highlight expansion opportunities in CPU technology, networking infrastructure, and enterprise artificial intelligence Wall Street’s consensus price objective of $309.33 represents approximately 54% potential appreciation from today’s trading price Shares of Nvidia currently sit at $201.95, representing a roughly 14% retreat from the record peak reached during May. This correction has compressed valuation multiples to attractive territory not witnessed in several years.

NVIDIA Corporation, NVDA

The shares are valued at 23x current fiscal year earnings projections. What stands out more dramatically is the multiple based on next fiscal year’s estimates — merely 16x anticipated profits. This represents a lower valuation than the broader S&P 500 index, an uncommon situation for a business delivering this level of expansion.

Wall Street’s earnings forecasts have steadily climbed upward even while the share price has declined. This divergence between strengthening profit expectations and weakening stock performance explains the compressed valuation multiples investors now see.

Top-Line Expansion Continues at Robust Pace Nvidia delivered 85% year-over-year revenue expansion in its most recent fiscal quarter — representing the strongest growth rate achieved over the past 18 months. This performance followed three straight quarters of accelerating top-line momentum.

The data indicates that early market concerns about China’s DeepSeek platform haven’t materially impacted Nvidia’s commercial performance. Enterprise clients appear to be prioritizing proven performance and dependability over lower-cost alternatives.

DeepSeek has resurfaced in recent discussions. The company’s latest DSpark inference technology reportedly accelerates AI processing speeds by as much as 85% without requiring hardware upgrades. This development raises questions about future demand for Nvidia’s next-generation processors, though comparable concerns emerged in early 2025 without significantly affecting actual business outcomes.

The semiconductor leader also recently executed its first substantial debt issuance in five years. Intensifying competition in the AI chip sector and ongoing Chinese export limitations present continuing challenges. However, neither represents a new development in the investment narrative.

Major Firms Highlight Expanded Opportunity Set This past Thursday, both Citi and Wedbush released optimistic research reports on Nvidia, emphasizing growth vectors that extend far beyond its dominant GPU franchise.

Wedbush’s Matt Bryson drew attention to Nvidia’s forthcoming Vera CPU architecture. His analysis suggests its elevated core configuration could deliver superior performance versus conventional x86 processors, opening pathways into segments currently dominated by AMD and Intel.

Wedbush’s research also emphasized that Nvidia’s expansion into networking solutions and general-purpose computing platforms could significantly enlarge its total addressable opportunity beyond AI acceleration hardware.

Citi analysts engaged directly with Nvidia’s investor relations leadership and emerged with an optimistic assessment. The firm characterizes current demand conditions as “very strong” and notes that AI infrastructure spending has diversified beyond hyperscale cloud providers.

AI research laboratories, enterprise customers, sovereign AI initiatives, and emerging cloud service providers are all increasing capital deployment. Citi identified this broadening customer base as a significant structural change in the demand landscape.

Citi’s report also confirmed that Nvidia’s product development timeline remains “fully intact,” countering recent speculation about potential delays to its Kyber platform. The firm stated that NVLink development schedules are proceeding as planned.

Nvidia has reconfirmed its mid-70% gross margin objective, partially underpinned by long-duration memory component supply agreements. Management also restated its commitment to distributing 50% of annual free cash flow to equity holders.

Citi noted that share repurchase programs could expand in coming years as cash generation scales higher.

With 36 Buy recommendations and a single Hold rating tracked by TipRanks, Nvidia maintains a Strong Buy consensus rating. The mean analyst price objective of $309.33 suggests roughly 54% appreciation potential from present trading levels.

XRP must hold above a critical support level to keep its short-term uptrend alive and have a chance at recovering above $1.29.

XRP continues to hold up well on the 4-hour chart, even after giving back a small part of its recent gains. The asset is trading around $1.13 after a modest 1.7% decline. The latest dip looks more like a pause after a strong rally than the start of another downward move.

Several indicators support this theory. Specifically, XRP remains in the upper half of its volatility band, and the Schaff Trend Cycle (STC) continues to show a bullish signal. These readings suggest that momentum has cooled slightly but has not turned negative. 

However, the next stage of recovery depends heavily on a single key support area. If XRP falls below the region around $1.07, its chances of climbing back above $1.29 could weaken considerably.

XRP Breakout Above $1.0753 Improved Technical Outlook The market outlook became more favorable after XRP confirmed a bullish break of structure during the rally earlier on. The price closed above $1.0753 while maintaining the required volatility buffer, showing that buyers had regained control.

This move also turned a previous swing high into a support level and established a higher-high pattern that now forms the foundation of the current uptrend. Since then, the trend indicator has continued to signal an uptrend, confirming that further gains may play out.

The chart also shows several bullish structure breaks during the recent recovery. These signals indicate that XRP has been forming higher highs and higher lows after a prolonged period of selling pressure. As long as this pattern continues, the broader upward trend remains intact.

XRP Moving Averages Continue to Support the Trend The moving averages also support the positive outlook. The 21-period exponential moving average sits near $1.1218 and continues to provide short-term support during pullbacks. The 55-period exponential moving average stands around $1.0989 and serves as the market’s main trend support.

XRP remains above both moving averages despite the recent decline. This suggests that buyers still control the medium-term trend and have not lost any major support levels. The pullback has simply brought the price closer to support instead of pushing it below it.

XRP 4h Chart The volatility band says something similar. Notably, XRP continues to trade near the upper part of the range, with the upper boundary around $1.1503. Assets that stay near the upper end of their volatility range often retain underlying buying strength even during short periods of consolidation.

Why the $1.07 Area Matters Most Among all the support levels on the chart, the area around $1.07 remains the most important. This is because it matches the recent break of structure (BoS) at $1.0753, making it the point where former resistance became support.

Notably, such converted support zones are critical because successful retests can strengthen an existing trend. If buyers continue defending this area, they will show that demand remains strong enough to support the broader recovery.

Currently, XRP has entered a controlled pullback while staying above its key moving averages instead of seeing a sharp drop. In addition, the previous swing low near $1.0225 has remained untouched for about 27 four-hour candles, suggesting that sellers have not regained meaningful control.

A Move Above $1.29 Still Depends on Holding Support The current structure suggests that XRP could continue moving higher if buyers keep control above its key support levels. A successful retest of the 21 EMA near $1.1218 or a renewed advance that keeps four-hour closes above the 55 EMA at $1.0989 would provide additional confirmation.

The bullish outlook would weaken if XRP records a decisive four-hour close below the 55 EMA. Such a move would break the main trend support behind the current recovery and invalidate the setup.

If buyers remain in control, the first resistance level appears near $1.1503 at the upper volatility band. A move above that area could open the way toward the next major resistance around $1.20. Clearing both levels would improve the chances of a rally toward $1.292, where sellers previously stopped the advance.

DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.

Stripe’s acquisition of the crypto wallet infrastructure firm Privy in 2025 is already bearing fruit: Privy, together with Solana infrastructure provider Jito Labs, has launched a new transaction routing system called FullSend. The innovative solution is designed to enable faster and more reliable inclusion of transactions on the Solana blockchain, aiming to improve efficiency across the network.

Direct routing to block producersAccording to company statements, FullSend has been quietly integrated into Privy wallets since the beginning of the year. During this period, FullSend has achieved a remarkable performance rate, successfully including 99.999% of transactions across millions of attempts.

The FullSend system routes transactions signed through Privy wallets directly to Solana’s current and upcoming block leaders via Jito’s low-latency network. Since block producers on Solana rotate roughly every 400 milliseconds, delivering transactions to the right validator at the right moment is crucial for timely inclusion.

Traditionally, transactions are propagated through public or hosted RPC nodes, acting as intermediaries for network communications. FullSend removes these middlemen, delivering transactions straight to block leaders. By bypassing this layer, companies report that transaction inclusion latency is reduced to around 50 milliseconds, compared to 200 milliseconds or more with classic routing approaches.

Glossary: An RPC node is a technical access point allowing wallets and applications to communicate with a blockchain network. MEV refers to strategies for extracting additional revenue from transactions observed before block production; this can include front-running and transaction reordering.

Streamlining complexity for developersPrivy’s Chief Technology Officer Asta Li emphasized that the central goal of FullSend is to reduce the complexity developers face when juggling priority fees, extra network incentives, and endpoint selection.

Privy’s leadership highlighted that FullSend is designed to ease the burden on developers, simplifying the process of balancing priority fees, added incentives, and connection management within the network.

Jito Labs noted that its infrastructure reliably gets transactions directly to validators responsible for producing upcoming blocks. This approach helps users maintain standard priority fees and reduces their exposure to automated bots targeting pending transactions.

Enhanced protection against MEV attacksBoth companies maintain that FullSend offers additional safeguards against widespread MEV attack vectors, including front-running, sandwich attacks, and transaction censorship. As speed and precision become more critical in Solana-based applications, infrastructure-level protections are increasingly vital.

Jito Labs CEO Lucas Bruder underscored that speed and reliability are now core requirements for applications on Solana. He stated that, by routing directly to block leaders, FullSend delivers native MEV protection alongside improved performance.

Stripe continues expanding in crypto infrastructureThis move marks the latest chapter in Stripe’s growing footprint in the crypto infrastructure space. The payments technology giant acquired Privy in 2025 and, earlier this year, Privy announced a collaboration with Alchemy to onboard institutional users.

Privy reports that its infrastructure is now used by prominent fintech firms including Klarna, Ramp, and Deel, as well as crypto trading platforms such as Hyperliquid. The company states its technology supports over 140 million accounts and handles billions of dollars in monthly transaction volume. Meanwhile, Stripe is broadening its investments in blockchain-based payment systems—most notably, by developing the stablecoin-focused Layer 1 blockchain, Tempo.

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.

Es geht um besseres Sehen, schnelleres Erfassen sowie präziseres Operieren und damit um einen großen Gewinn für den Patienten. Damit lassen sich Dutzende Vorträge von Ärzten zusammenfassen, die sich Ende Juni zum ersten europäischen Kongress über „Spatial Computing“ in der Medizin zusammengefunden hatten. Mediziner, Entwickler, Computerwissenschaftler und Ingenieure trafen in Leipzig auf einer Veranstaltung des Fraunhofer-Instituts für Werkzeugmaschinen und Umformtechnik zusammen.

Spatial Computing ist ein sperriger Begriff, der eigentlich räumliches Rechnen meint und von Apple zum Start seiner Computerbrille Vision Pro vor drei Jahren in die Welt gesetzt wurde. Die Rede war von einer nahtlosen Verschmelzung digitaler Inhalte mit der physischen Welt in einem dreidimensionalen Raum. Die Vision Pro hat sich indes so wenig durchgesetzt wie der Begriff Spatial Computing. Beide harren in einer kleinen Nische für dreidimensionale Anwendungen in den Bereichen von VR, virtueller Realität, und AR, erweiterter Realität, im Jargon Augmented Reality. Die Vision Pro ist dafür bestens gerüstet. Sie stellt Fotos und Videos mit 4K für jedes Auge und insgesamt 23 Millionen Pixel zur Verfügung.

Alles gleichzeitig im Blick: Patientendaten, aktuelle Aufnahmen und eine 3D-Darstellung des ThoraxHerstellerWer sie trägt, ist wahlweise abgeschottet von der eigenen Umgebung im VR-Modus unterwegs oder sieht virtuelle, berechnete Objekte, die scheinbar in der realen Welt stehen. Etwa das Alien aus dem Computerspiel im heimischen Wohnzimmer. Zur Besonderheit der Vision Pro gehört, dass sie sich allein mit Blicken und Gesten steuern lässt. Einen Menüeintrag anschauen, Zeigefinger und Daumen zweimal schnell wie bei einem Doppelklick mit der Maus tippen, schon ist ein Kommando ausgelöst.

Nach zwei Operationen unverzichtbar

Diese Computerbrille erobert nun die Operationssäle der westlichen Welt. Als wir nach Leipzig reisten, gingen wir davon aus, dass die Wissenschaftler und Ärzte unterschiedliche Hardware diverser Hersteller präsentieren würden. Das war jedoch nicht der Fall. Was die Pioniere im Bereich im Bereich der Chirurgie präsentierten, lief ausnahmslos auf der Vision Pro.

Professor David S. Baskin, Neurochirurg am Methodist Hospital in Houston, Texas, blickt auf mehr als 5000 endonasale Eingriffe zurück und beschreibt die Fortschritte der Endoskopie, also der Untersuchung oder Operation mithilfe einer Kamera und Instrumenten, die in den Körper eingebracht werden.  Er ist überzeugt, dass die alten, nicht räumlichen Verfahren der Darstellung des Operationsbereichs dem Untergang geweiht seien, weil die Apple Vision Pro nunmehr eine überlegene Darstellung liefere. Bereits nach zwei Operationen halte er sie für unverzichtbar.

Die Vision Pro mit ihrer immersiven Darstellung überwinde die Einschränkungen konventioneller Monitore: Der Operateur müsse einen exakten Abstand einhalten. Das funktioniere im Operationssaal meist nicht, und die Steh- oder Sitzhaltung des Chirurgen sei anstrengend.

Der Chirurg kommandiert, die Maschine kontrolliert: Endoskope plus Vision ProHerstellerMit der Computerbrille könnten außerdem Assistenzarzt und Ausbilder gleichzeitig dieselbe Ansicht sehen. Das sei entscheidend für die Lehre, weil in der Chirurgie subtile Veränderungen von Handposition und -winkel eine große Rolle spielten. Der Ausbilder stehe bequem hinter dem Assistenzarzt, sehe genau, was dieser sieht und macht, und gäbe präzise Anweisungen.

Bisher unerreichte Tiefenwahrnehmung

Ähnlich argumentiert Christy Gaudet vom traditionsreichen deutschen Hersteller von Endoskopen, Karl Storz. In modernen Operationssälen sei die Videoqualität bei minimalinvasiven Eingriffen bislang durch den Monitor und die Position des Chirurgen eingeschränkt. Die Vision Pro erlaube es nun, dass Chirurgen den dreidimensionalen Videostream präzise vor Augen hätten, er bilde einen persönlichen „Cockpit“-Arbeitsbereich.

Wenn jedes Detail zählt: die digitale Krankeakte mit Befunden und Aufnahmen im Blick des ArztesHerstellerKarl Storz nutze Hardware zur Bildverbesserung, anschließend werde das Signal mit WLAN an bis zu drei Vision-Pro-Nutzer übertragen, und zwar mit einer Latenz von unter 100 Millisekunden. Auch Gaudet betont: Die Chirurgen könnten jedes einzelne Pixel wahrnehmen und hätten eine bisher unerreichte Tiefenwahrnehmung und Gewebedifferenzierung im Vergleich zu herkömmlichen Monitoren. Weil mehrere Betrachter exakt dasselbe Bild sähen, würden Zusammenarbeit und Ausbildung deutlich erleichtert.

Andere Chirurgen schildern, dass die Computerbrille zudem viele Informationen zusammenführe, die man bisher nur auf unterschiedlichen Bildschirmen sehen könne. Dazu gehören zum Beispiel die Vitalparameter des Patienten oder Röntgenaufnahmen. Auch sei es möglich, verzögerungsfrei Ärzte anderer Krankenhäuser zur Konsultation hinzuzuschalten.

Während einer Vorführung dürfen wir durch die scheibenförmigen Aufnahmen eines CT scrollen und das Bild intuitiv mit einer Handbewegung drehen: hochspannend für den Laien, vielleicht wegweisend für die Profis.

Changpeng “CZ” Zhao, the man who built the world’s largest crypto exchange and then went to prison for its compliance failures, has some thoughts about Hyperliquid. Speaking on the Galaxy Brains podcast on June 10, CZ called Hyperliquid’s high-performance Layer-1 blockchain and no-KYC perpetual futures trading model “awesome.” In the same breath, he made it clear he would never touch that approach himself. “I would never do what they do,” he said, pointing to the very personal consequences he faced when Binance’s own compliance infrastructure fell short.

Binance was hit with a $4.3 billion fine in 2023 for KYC and anti-money laundering violations. CZ personally served a four-month prison sentence as part of the settlement. He acknowledged that Binance, as a centralized exchange with identifiable leadership and corporate structure, simply cannot operate the way Hyperliquid does. Hyperliquid, by contrast, positions itself as a decentralized protocol, which at least theoretically puts it in a different regulatory category.

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Inside Hyperliquid’s model Hyperliquid launched its Layer-1 blockchain in 2023 and has since grown into one of the most active decentralized trading venues in crypto. Users connect their wallets and start trading perpetual futures instantly. No identity verification, no waiting period, no compliance friction. By 2025, it was handling hundreds of billions monthly in transaction volume.

Hyperliquid’s decentralization claims deserve some scrutiny. The network runs on just 24 validators. The Hyper Foundation controls approximately 60% of the governance stake. CZ himself pointed to this dynamic, noting that Hyperliquid is controlled by a small team. If regulators ever decide to come after the platform, that concentrated control structure could make it easier to identify responsible parties than a truly distributed protocol would.

HYPE token rides the wave The HYPE token, native to the Hyperliquid ecosystem, is trading near its all-time high around $76 to $77, with a market capitalization exceeding $15 billion. CZ’s remarks appear to have contributed to renewed enthusiasm around the token. The price surge came without any immediate regulatory repercussions.

What this means for investors The investment case for HYPE comes down to a single bet: can a no-KYC trading platform continue operating at scale without facing the kind of enforcement action that nearly destroyed Binance? Hyperliquid’s concentrated governance structure, with 24 validators and a foundation controlling roughly 60% of stake, means there are identifiable entities that regulators could target. A protocol where a single foundation holds supermajority governance power is, functionally, more like a company than a truly decentralized network, meaning decision-making could change rapidly and tokenomics could be altered based on the preferences of a small group.

Investors should watch for two signals above all else. First, any regulatory action or formal investigation targeting Hyperliquid or similar no-KYC platforms, particularly from US authorities, would immediately reprice the risk. Second, any moves by the Hyper Foundation to distribute governance stake more broadly would strengthen the decentralization argument and potentially reduce regulatory exposure.

Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.

Perpetual futures are on track to become one of the dominant trading instruments in global finance, with decentralized exchange Hyperliquid demonstrating how blockchain-based infrastructure could challenge traditional markets, according to Pantera Capital.

The blockchain-focused asset manager said in a Wednesday X post that perpetual futures offer structural advantages over traditional derivatives, including 24/7 trading, no contract expiries, simpler position management and continuous price discovery, making them increasingly attractive beyond crypto markets.

Pantera, an investor in the Hyperliquid ecosystem, said Hyperliquid has become the leading example of that shift by expanding perpetual futures beyond cryptocurrencies into equities, commodities and stock indices as part of founder Jeff Yan's vision of “housing all of finance.”

Hyperliquid's growth has drawn attention from traditional finance, including NYSE parent Intercontinental Exchange (ICE), whose CEO, Jeffrey Sprecher, urged regulators to create a "level playing field" for launching 24/7 onchain perpetual futures contracts.

Pantera Capital said Hyperliquid has increased the market share of onchain perps, as DEX perps volumes rose to 14% of centralized exchange (CEX) perps volume, up from less than 1% in early 2023 when Hyperliquid first launched.

Hyperliquid accounts for roughly 40% of onchain perpetual futures trading volume, according to Pantera. It ranks as the fourth-largest fee-generating protocol in the crypto industry, generating $13.5 million in weekly fees in the past seven days, according to DefiLlama data.

Top protocols by weekly fees generated. Source: DefiLlama

Traditional finance embraces 24/7 marketsCryptocurrency platforms and TradFi institutions are bringing more traditional investment products under blockchain wrappers.

On May 22, OKX announced plans to launch perpetual futures based on ICE's Brent crude and West Texas Intermediate crude benchmarks under a partnership with the exchange operator.

Earlier in March, the NYSE partnered with tokenization platform Securitize as part of a broader effort to develop blockchain-based stock trading infrastructure with 24/7 trading and settlement for Wall Street.

In January, the NYSE’s parent company, the Intercontinental Exchange (ICE), shared plans for a tokenized securities venue designed for 24/7 trading, instant settlement, stablecoin-based funding and onchain settlement.  

Magazine: The 5 types of real world assets being tokenized fastest onchain

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Crypto-related stocks in U.S. markets continued their rally during trading hours, with MARA surging 15.27%.

According to market data from BIT (bit.com), US-listed crypto-related stocks continued to strengthen during intraday trading. Details: Strategy (MSTR) rose 2.11%; Circle (CRCL) gained 0.83%; MARA Holdings (MARA) surged 15.27% after announcing the acquisition of a Texas-based 2000MW computing power park project company for up to $600 million; Riot Platforms (RIOT) climbed 6.1%.

1 hours ago

JPMorgan: The biggest risk for Bitcoin is not Strategy’s sell-off, but blockchain adoption that bypasses public chains and tokens.

JPMorgan Chase’s analyst team noted that the market views Strategy’s Bitcoin sale plan as a key risk for the crypto sector, but it is not a major structural threat to Bitcoin. The more fundamental risk lies in tokenization, payments, and settlements increasingly taking place on permissioned infrastructure that does not rely on public blockchains. If this trend continues, the entire crypto ecosystem could face a "structural downgrade"—marked by slower transaction activity, reduced liquidity, and weaker capital inflows—ultimately weighing on Bitcoin. The analysts stated bluntly: "In our view, a more significant risk stems from the way blockchain is adopted in traditional finance, which continues to bypass public, permissionless networks." The analysts explained that institutional adoption so far has clearly favored permissioned chains, as they offer advantages in privacy, KYC/AML controls, governance, throughput, legal accountability, and regulatory certainty, posing a competitive threat to public blockchains like Ethereum. If tokenized deposits are widely adopted—especially in non-transferable forms favored by regulators—it could reduce demand for stablecoins in institutional payments and settlements; SWIFT’s blockchain initiative and central bank digital currency (CBDC) projects such as the digital euro and digital renminbi further strengthen regulated alternatives. In the roughly $500 billion tokenized real-world assets market, while Ethereum currently holds a certain share, this likely reflects early-stage experimentation rather than the market’s long-term structure. As institutional adoption grows, issuance, custody, settlement, and lifecycle management will likely be conducted more on private or permissioned infrastructure that meets requirements for identity, confidentiality, and operational resilience, with public blockchains used only for distribution and limited secondary trading.

1 hours ago

Security Warning: Abnormal on-chain fund flows detected for the CodexField project on BNB Chain.

On-chain investigator Specter has issued a community security alert, warning of potential fund misappropriation risks associated with the CodexField project on BNB Chain. On-chain tracking shows the project has amassed over $85 million in funds. Specter detected abnormal on-chain fund flows yesterday: a wallet bridged 17.3 million USDT from TRON to Ethereum, then swapped the tokens for DAI via Bitget Swap on Polygon. So far, $6.5 million has been transferred out, while the remaining $10.8 million is still in transit. The funds were originally bridged from Ethereum to TRON roughly six months ago, and the source wallet is linked to CodexField’s deposit contract. Below are key addresses for users to verify on their own: EVM: 0xBc606358910b3720d136F0d4Ce12b759C270747a TRON: TQNTEYadFVVQeobBtctSjurJ5RpfBsTmqh, TAzpg8L1WkkzCxxZk8TYnvaRYahehh52MK Related deposit contract: 0x9E6A75b546B65E7B9D34E2c9aB8Fe224B9aA52AA Additional red flags: The project requires a minimum $100 deposit for participation. Blockchain security tool Blocksec MetaSuites initially labeled the deposit contract as "Fake CodexField", but Specter’s follow-up investigation found the contract is actually operated by the CodexField team itself. The project uses multiple domains and subdomains to collect user deposits, and the team previously shared these domains via official channels. Its fund flow pattern is unusual, deviating from standard fund management practices: the project bridges funds across multiple blockchains, routes them through intermediate wallets, and ultimately sends assets to centralized exchanges. Specter noted that based on on-chain activity, the project warrants high vigilance. It advises all users interacting with CodexField to exercise extreme caution until the team provides a transparent explanation of its fund movements.

1 hours ago

Post-quantum cryptography management platform QIZ Security closes $17 million seed round.

QIZ Security, a crypto posture and post-quantum cryptography (PQC) management platform, announced the completion of a $17 million seed funding round, led by Bessemer Venture Partners and Merlin Ventures, with participation from Evolution Equity Partners, Qbeat Ventures, Singtel Innov8, and Qino Cyber Capital. The capital will be used to accelerate product R&D and market expansion. QIZ Security was co-founded by Ben Volkow, Lenny Ridel, and Itan Barmes; the team has years of experience in cybersecurity, enterprise services, and post-quantum transformation, with Barmes previously leading Deloitte’s global quantum cybersecurity readiness team. Its platform helps enterprises identify and assess crypto asset risks and implement remediation measures, and is currently applied in industries including finance, telecommunications, healthcare, and critical infrastructure. It has also established partnerships with Cisco, AWS, Google, CrowdStrike, Deloitte, EY, and IBM, among others.

1 hours ago

Hyperliquid recommends that the U.S. Commodity Futures Trading Commission (CFTC) formally recognize that on-chain protocols are not required to register, and non-custodial wallets do not serve as financial intermediaries.

Hyperliquid Policy Center (HPC) and Phantom have jointly submitted comments to the U.S. Commodity Futures Trading Commission (CFTC) in response to the agency’s request for feedback on whether existing rules keep pace with the evolution of financial technology, proposing to explicitly extend the distinction between "building tools" and "operating regulated businesses" to on-chain markets. The comments note that software engineers have been developing matching engines for regulated futures trading platforms for decades, and the CFTC has never classified them as trading platform operators. However, developers in the digital asset sector have long lacked such clarity, forcing many to opt for offshore development. The current CFTC, led by Chairman Selig, is working to address this gap and carve out room for innovation for fintech firms in digital asset and derivatives markets. The two entities put forward three key recommendations: First, explicitly confirm that merely publishing on-chain protocol software itself does not require registration — a factor often decisive for engineers when choosing where to develop. Second, establish a clear path for the CFTC’s registration bodies to operate regulated functions using on-chain infrastructure, enabling trading platforms and clearinghouses to replace decades-old legacy systems with transparent infrastructure. Third, formalize Phantom’s recent no-action letter into official rules, eliminating the need for self-custody wallet providers to apply for approved exemptions on a case-by-case basis. HPC and Phantom stress that self-custody and transparent on-chain systems can embed investor protection directly into technology, while regulated intermediaries retain responsibility for issues that technology cannot resolve independently. This approach will bring the next generation of financial markets within reach of U.S. consumers.

1 hours ago

Micron raises its U.S. investment plan to $250 billion, betting on demand for AI memory chips.

Micron Technology plans to increase spending on its new U.S. factory to $250 billion to meet the surging demand for memory chips driven by the global artificial intelligence boom. The move adds $50 billion to Micron’s previously announced $200 billion commitment to expanding domestic U.S. chip manufacturing, covering projects in New York, Idaho, and Virginia. The expenditure is expected to run through 2035, and will help the company achieve its target of producing 40% of its DRAM products in the U.S. within the next decade.

1 hours ago