Track market-moving stories before they get noisy

Circle Refused to Recover a Scam Victim’s USDC, Wisconsin’s Criminal Complaint Says

usdcAs crypto scams continue draining millions from victims, law enforcement agencies are increasingly leaning on stablecoin issuers to help freeze stolen funds before they disappear.

Now, that growing dependence has landed Circle in the middle of an unusual legal battle after Wisconsin prosecutors accused the company of refusing to comply with the court order aimed at recovering stolen USDC..

The dispute isn’t about whether Circle froze the funds. I did. Instead, prosecutors argue the stablecoin issuer stopped short of helping return the assets, while Circle insists the court demanded something its technology simply cannot do.

A Frozen Wallet Becomes A Courtroom BattleThe case stems from Walworth county resident who lost more than 381K USDC in a Telegram pig-butchering scam after transferring funds into a self custodial Ethereum wallet controlled by an alleged scammer.

Following a court warrant in August 2025, Circle blocklisted the wallet, preventing the stolen USDC from being transferred or redeemed. However, prosecutors later sought a second order directing Circle to either “burn and reissue” the frozen tokens into a wallet controlled by the sheriff’s office or compensate the victim with $381,235 in cash.

When Circle declined to comply, Wisconsin prosecutors filed a criminal contempt complaint against the company.

BREAKING: Wisconsin prosecutors filed a criminal contempt complaint against Circle after it declined to burn and reissue 381,235 USDC.

Circle froze the scam victims’ tokens immediately under an August court order; it says it cannot invalidate and reissue USDC held in third-party… pic.twitter.com/UaY1kRZCvp

— MSB Intel (@MSBIntel) July 9, 2026 Circle Says The Court Ordered The ImpossibleCircle argues the dispute isn’t about refusing to cooperate but about technical limitations built into blockchain infrastructure.

According to court filings, the company maintains it does not control the private keys of externally owned wallets and therefore cannot unilaterally destroy, transfer, or reissue USDC held by third parties. While Circle can freeze tokens through its blocklist mechanism, it says that capability does not extend to rewriting ownership on a public blockchain.

The company also contends that issuing replacement USDC or paying cash while the original tokens remain frozen on-chain could force it to back the same assets twice, creating problems for the stablecoin’s one-to-one reserve model.

Growing Frustration From Law EnforcementThe Wisconsin complaint follows broader concerns from state prosecutors over the pace of crypto investigations.

According to officials, stablecoin transactions can move across wallets within seconds, often much faster than investigators can obtain court orders. Prosecutors have argued that delays in freezing assets significantly reduce the chances of recovering victim funds.

Circle, however, has maintained that it freezes USDC only after receiving lawful legal process, saying the policy is designed to protect users from arbitrary or politically motivated interference.

The Ruling Could Shape Stablecoin Recovery RulesCircle has asked the court to dismiss the complaint, arguing Wisconsin lacks jurisdiction over both the company and the disputed assets. It also says it has been working with the U.S. Department of Justice to establish a federal framework for compensating victims through formal asset forfeiture proceedings.

If the case proceeds, the court may ultimately decide whether judges can compel stablecoin issuers to perform actions that blockchain architecture may not technically permit. 

For Loading profile preview , the outcome could become one of the most closely watched legal tests of where judicial authority ends and blockchain code begins.

Story Ends Here

Trust with CoinPedia:CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.

Investment Disclaimer:All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.

Sponsored and Advertisements:Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.

Read the Next News

Yaya Fanusie, Global Head of Policy at Aleo Network Foundation, explains how the network enables private stablecoin payments, why bank-level privacy is the right analogy and why the regulatory tide is finally shifting.

Posted July 9, 2026 at 9:15 am EST.

In this episode of Unchained Premium, Aleo Network Foundation policy chief Yaya Fanusie joined Laura to talk about a new paper he co-authored on stablecoin privacy alongside former Coinbase Head of Compliance Valerie Lila Jaber and Zcash cryptographer Matt Green and the infrastructure Aleo has built to make it possible.

The conversation covers how Aleo’s programmable ZK architecture enables encrypted stablecoin transactions by default, how Circle and Paxos Labs have already integrated with the network to offer USDCX and USAD, and why Yaya, a former national security and intelligence official, believes privacy technology is now a strategic national security imperative, not a threat to one after looking at China’s CBDC.

Hear it first. Subscriber-only interviews with under-the-radar projects and emerging crypto ideas — the stories everyone else covers six months later Read every word. Perfected transcripts of all Unchained episodes Join the conversation. A members-only Telegram community Ask the questions. Submit questions for guests on the main show

TLDR: Table of Contents

TLDR:Temasek Crypto Stance Remains UnchangedAI, Europe, and Defense Investment PrioritiesGet 3 Free Stock Ebooks Temasek holds zero direct crypto investments, citing unresolved regulatory uncertainty worldwide today. The fund absorbed a $275 million FTX writedown in 2022, damaging Singapore’s financial reputation. Temasek plans to raise AI exposure from six percent to fifteen percent of assets by 2031. Europe drew 12 billion euros in Temasek capital over two years, trailing only the United States. Temasek crypto investments remain absent from the Singapore sovereign wealth fund’s portfolio, four years after a costly FTX exposure.

Chief Investment Officer Nagi Hamiyeh confirmed the firm holds no direct digital asset positions, citing ongoing regulatory uncertainty across global markets.

The statement follows a $275 million writedown Temasek recorded in 2022 after the collapse of cryptocurrency exchange FTX.

Despite avoiding direct crypto exposure, Temasek continues tracking blockchain infrastructure applications that could serve the broader real economy.

Temasek Crypto Stance Remains Unchanged Hamiyeh told CNBC’s Sri Jegarajah on Wednesday that Temasek carries no direct crypto holdings in its current portfolio. “We don’t have directly any, any investment in crypto,” he said, pointing to regulatory uncertainty.

The executive said he could not predict what role crypto might eventually play within mainstream finance. Future decisions will depend heavily on how different jurisdictions choose to regulate the sector over time.

The FTX collapse still shapes Temasek’s cautious approach toward direct digital asset exposure today. Singapore’s fund absorbed a $275 million impairment after FTX filed for bankruptcy in 2022.

Lawrence Wong, then serving as deputy prime minister and finance minister, called the loss disappointing. He also noted the writedown affected Singapore’s broader reputation within global financial circles.

Rather than holding crypto directly, Temasek focuses on blockchain technology and its practical infrastructure uses. The fund evaluates how blockchain applications might benefit established sectors within the traditional real economy.

This approach allows Temasek to track innovation without taking on direct cryptocurrency price exposure. Officials continue monitoring the space closely as regulatory clarity slowly develops across major markets.

Hamiyeh’s comments reinforce a consistent position Temasek has maintained since the FTX writedown occurred. The fund has avoided re-entering direct crypto markets even as digital asset adoption expanded elsewhere.

Regulatory ambiguity remains the central obstacle preventing Temasek from reconsidering its current stance. Analysts following sovereign wealth fund behavior see this caution as a deliberate long-term choice.

AI, Europe, and Defense Investment Priorities Temasek is prioritizing artificial intelligence adoption over building frontier models, according to Hamiyeh’s interview. “It’s all about the applications” and companies that build a competitive moat, he said.

Temasek aims to raise AI exposure from six percent of its portfolio toward fifteen percent by 2031. The fund is betting heavily on physical AI applications including automation and industrial robotics.

Europe has attracted roughly 12 billion euros in Temasek capital across the past two years. This places Europe second only to the United States among Temasek’s regional investment destinations.

Hamiyeh cited European strengths in luxury goods, consumer brands, and family-owned industrial businesses. He described Temasek’s approach to the region as patient, long-term capital deployment.

On the Middle East, Hamiyeh said the region’s transformation story is intact but conflict outcomes remain unclear. “We have to wait and see what are the ramifications of this conflict,” he said. Temasek continues watching how geopolitical developments might reshape the Middle East’s economic role globally.

Regarding defense, Hamiyeh said Temasek evaluates opportunities on a case-by-case basis rather than blanket exclusion. The fund focuses on dual-use technologies applicable to both civilian and military settings.

Biological and chemical weapons remain categorically excluded from any Temasek investment consideration. ST Engineering currently represents Temasek’s only direct exposure within the defense sector.

Bitcoin (BTC) has entered the same 91-day window that ended each of its last three bear markets. History suggests this stretch is the most punishing of any cycle, yet the damage keeps shrinking with each repeat.

Two independent methods now converge on a similar floor. A linear regression on past drawdowns and a logarithmic Fibonacci retracement both point toward a bottom near $47,000 by early October.

Bitcoin Enters the 91-Day Window That Ends Bear MarketsBitcoin trades near $62,865 today. It has fallen close to 50% from its record high of around $126,000 set in October 2025. That decline already matches the scale of past Bitcoin bear markets.

The current drop invites an obvious question. How much further could the price fall before it finds a floor? Past cycles offer a useful guide.

This analysis measures the final 91 days of each past bear market. Each window runs from a local high to the low printed 91 days later.

The 91-day span equals roughly one financial quarter. That makes it a consistent yardstick across every cycle. It also captures the phase when panic selling tends to peak.

The method isolates the closing leg of every bear market. That leg has historically delivered the steepest and fastest losses of the entire cycle. Comparing the three windows side by side reveals a clear trend.

The timing also aligns with Bitcoin’s four-year cycle. Each bear ending has followed a halving-driven peak by more than a year. Some analysts now question whether that cycle still holds.

The Last 3 Bitcoin Bear Markets Ended the Same WayThe first case ran from October 2014 to January 2015. Bitcoin fell 63.54% across those 91 days. The price bottomed at $152 before a slow recovery began.

Liquidity was thin during that period. The market still carried scars from the Mt. Gox exchange collapse. No institutional bid existed to cushion the decline.

The recovery from that low proved slow but powerful. Bitcoin needed most of 2015 to stabilize before its next major advance began.

BTC weekly chart. Source: TradingviewThe second case covered September to December 2018. Bitcoin dropped 56.69% over the same 91-day span. The low arrived near $3,210 during the November capitulation.

That decline was severe, yet it proved milder than in 2014. The shift marked the first clear sign of a shrinking pattern. A deeper market had started to absorb the selling.

The 2018 bottom held for years as a key floor. It later became a launchpad for the powerful 2020 and 2021 rally.

BTC weekly chart. Source: TradingviewThe third case ran from August to November 2022. Bitcoin lost 37.60% across the window. The bottom formed at $15,632 as the FTX collapse drained market confidence.

The drawdown eased again compared with the prior cycle. The sequence now reads clearly, 63.54%, then 56.69%, then 37.60%. Each ending hurt less than the one before it.

That 2022 low has held ever since. It formed the base for the long climb to fresh records above $120,000 in 2025.

BTC weekly chart. Source: TradingviewWhy Each Bitcoin Bottom Hurts Less Than the LastThe shrinking drawdowns are not random. Each cycle brings deeper liquidity and a more mature market structure. That structure blunts the force of every sell-off.

The trend reflects a broader decline in Bitcoin volatility. Larger size and steadier holders dampen the wild swings of the early years. Milder bear endings are one visible result of that maturity.

BTC Volatility Index. Source: CoinglassSpot Bitcoin ETFs now anchor a large share of demand. Institutional desks, larger derivatives markets, and a bigger market cap all absorb pressure. Pushing the price lower takes far more capital than it once did.

On-chain data supports that read. Large whales kept accumulating through the June sell-off. Their buying tends to slow declines that once ran unchecked.

Exchange-traded funds have cut both ways this year. They drained billions of dollars during June before turning positive in early July. That two-way flow shows how institutional access now shapes each move.

Regression Points to a $47,000 Bitcoin BottomA linear regression captures this softening trend. Fitting the three past drawdowns produces the line y = 65.58 minus 12.97x. The slope points steadily toward smaller losses.

The model projects the next final-quarter decline at roughly 26.6%. That figure extends the pattern seen since 2014. It implies the current bear ending should be the mildest yet.

The math itself stays simple. The regression draws the best straight line through the three past drops. Its downward slope of about 13 points per cycle captures the easing trend.

Three data points form a small sample. The regression, therefore, offers a directional guide rather than a precise guarantee. It frames a likely magnitude, not a certain outcome.

Applying the projected drop to the current cycle is straightforward. The recent weekly candle high sits at $64,657. Bitcoin recently rebounded toward that level after a sharp June decline.

A drop of 26.64% from that high implies a bottom near $47,431. The 91-day window runs from July to early October 2026. Bitcoin currently trades around $62,865, so the model still allows meaningful downside.

Several on-chain research firms share a similar timeline. Many independently point to the fourth quarter of 2026 as a likely bottom window. That timing aligns closely with this model.

BTC weekly chart. Source: TradingviewThe full model across four cycles now lines up as follows.

CycleWindow (91d)StartDropBottom1Oct 2014 – Jan 2015$418-63.54%$1522Sep – Dec 2018$7,412-56.69%$3,2103Aug – Nov 2022$25,053-37.60%$15,6324 (projected)Jul – Oct 2026$64,657-26.64%$47,431Start prices for the first three cycles are derived from each window’s high. The 2026 start uses the exact recent high of $64,657.

Log Fibonacci Points to the Same Bitcoin BottomA second method supports the same conclusion. It uses a logarithmic Fibonacci retracement across each cycle. The log scale suits Bitcoin because its moves compound over time.

A linear scale would distort these comparisons. It would exaggerate recent dollar swings and shrink older ones. The log view keeps every cycle proportional and fair.

The prior cycle offers a useful template. That retracement runs from the $69,000 peak down to the $3,122 bear low. It measures how far the 2022 bear retraced the previous advance.

On that scale, the 2022 bottom is revealing. The 0.5 retracement level sat at $14,678. Bitcoin bottomed at $15,632, just above that midpoint.

The market retraced roughly half of its prior advance before turning. The prior cycle levels ran 0.236 at $33,233, 0.382 at $21,149, 0.5 at $14,678, and 0.618 at $10,186. A peer-reviewed study has also linked these long-term moves to network growth.

BTC weekly chart. Source: TradingviewThe current cycle produces a striking parallel. This retracement runs from the $126,272 all-time high down to the $15,632 prior bottom. It maps the current bear against the last full advance.

Here, the 0.5 level sits at $44,428. The regression target of $47,431 lands just above it. That relationship mirrors 2022 almost candle-for-candle.

In both cases, the projected bottom sits slightly above the logarithmic midpoint. Current levels read 0.236 at $77,123, 0.382 at $56,849, 0.5 at $44,428, 0.618 at $34,722, and 0.786 at $24,444. Two separate methods, therefore, point to the same zone.

The 0.5 level often acts as a fair value on a log chart. A bottom near it suggests a healthy reset rather than a full collapse. Both the last cycle and this projection fit that description.

The 0.382 level at $56,849 also matters right now. It sits just below the current price and may act as support. A clean break beneath it would open the path toward the deeper zone.

Each of these historical bottoms preceded a strong recovery. The 2015, 2019, and 2023 rebounds all began near these retracement levels. That history frames why the projected zone matters to longer-term investors.

BTC weekly chart. Source: TradingviewBitcoin Bear Market: The $44,000 to $47,000 Bottom Zone to WatchThe two methods now frame one region. The regression suggests $47,431, while the log-Fibonacci midpoint is $44,428. Together, they outline a bottom range of roughly $44,000 to $47,000.

The timing centers on early October 2026. Both signals point to the same area, which strengthens the case. It suggests the current cycle may rhyme closely with 2022.

The pattern holds across three completed cycles. Each bear market ends with a brutal quarter, yet each proves milder than the last. That trend forms the core of this thesis.

Several factors could still cause the model to break. The sample size is small, and macro shocks remain possible. A hawkish Federal Reserve under Kevin Warsh could deepen the decline.

Heavy ETF outflows could add further pressure. Strong inflows could instead lift the bottom above the projected zone. The price could already have bottomed.

This framework is an analysis, not financial advice.

Traders may watch the $44,000 to $47,000 zone into October. A weekly close well below $44,000 would challenge the model. A hold above that region would preserve the historical rhythm.

Stani Kulechov, the founder and CEO of Aave Labs, is scheduled to appear live on The Block’s “The Starting Block” show today at 8:30 a.m. ET, promising what’s being billed as an exclusive announcement.

Aave has had quite the 2026 so far. The protocol recently launched V4 on Ethereum mainnet, weathered one of the largest withdrawal events in DeFi history, and set an ambitious target of $1 billion in real-world asset deposits.

A turbulent year sets the stage The protocol faced an $8.45 billion withdrawal event earlier this year, triggered by a security exploit. Aave survived it, which is either a testament to its architectural resilience or a sobering reminder of how much capital is at stake in decentralized lending markets.

Kulechov has leaned into the narrative that the crisis actually proved the protocol’s strength. In his framing, Aave’s ability to manage that level of market volatility without collapsing demonstrates exactly the kind of robustness that institutional players need to see before committing serious capital to DeFi.

Advertisement

The launch of Aave V4 on Ethereum mainnet followed that recovery period, and Kulechov has described it as the beginning of a “new chapter” for the protocol.

The real-world asset play Aave has set a target of $1 billion in RWA deposits as part of its 2026 roadmap, essentially positioning itself as a bridge between decentralized finance and traditional finance.

Governance evolution and the AAVE token The Aave DAO has been the subject of ongoing conversations about streamlined execution and enhanced decision-making. Kulechov has focused on reducing friction in governance processes without sacrificing decentralization.

The AAVE token sits at the center of these discussions. As both a governance instrument and a value capture mechanism, the token’s utility is directly tied to how well the protocol executes on its roadmap.

Kulechov has historically been deliberate about timing his public appearances to coincide with meaningful protocol milestones. His last major public statements focused on V4’s launch and the protocol’s post-crisis recovery.

What this means for investors The $8.45 billion withdrawal event earlier this year is paradoxically both Aave’s biggest vulnerability and its strongest selling point. The fact that the protocol experienced a crisis of that magnitude and came out the other side functional gives it a battle-tested credibility that newer competitors simply don’t have.

Setting a $1 billion RWA deposit target requires navigating regulatory frameworks across multiple jurisdictions, building trust with traditional finance gatekeepers, and maintaining technical security. One more exploit of the kind seen earlier this year could permanently damage the institutional trust Aave is working to build.

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

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%.

15 minutes 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.

15 minutes 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.

15 minutes 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.

15 minutes 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.

15 minutes 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.

15 minutes ago

Jul 9, 2026, 1:01 p.m.

2 min read

Stani Kulechov, Aave Labs (Olivier Acuna/CoinDesk)Summary

Aave Labs is launching Stable Vaults, a product that lets fintech apps offer yield on stablecoins like USDC, USDT and GHO without users directly interacting with crypto infrastructure.The vaults automatically allocate deposits across approved DeFi lending strategies, handling liquidity, capital allocation and yield distribution so companies can embed savings-like products through a single connection.Aave’s move positions it against rivals such as Morpho, whose vaults already power high-yield stablecoin products at Coinbase and Robinhood.Aave Labs, the organization behind the largest decentralized lending platform Aave AAVE$92.08, is rolling out vaults to help fintech companies offer yield on stablecoins without requiring users to interact directly with crypto rails.

The new Stable Vaults let wallets, exchanges and payment providers embed stablecoin earning through a single connection. Behind the scenes, the vaults allocate deposits across approved decentralized finance (DeFi) lending strategies while the customer continues using a familiar app interface.

"Stable Vaults make predictable stablecoin earning simple to plug into any fintech application," Aave founder Stani Kulechov said in a statement.

The move comes as stablecoins has become increasingly part of everyday payments and digital banking. As more fintech firms adopt stablecoins for moving money globally, many are looking for ways to let customers earn a return on idle balances without leaving blockchain rails or navigating crypto-native applications.

Vaults have emerged to fill that role. They are a piece of infrastructure that automatically move users' deposits between lending and yield strategies based on predefined rules, allowing investors to earn returns without actively managing positions or monitoring markets.

Rival crypto lender Morpho has become a key player in this fast-growing market. Coinbase, for example, started to offer in June a high-yield savings vault for USDC stablecoin deposits powered by Morpho and Ethena, and has already surpassed $200 million in assets. Recently, Robinhood also introduced similar product within its app for Global Dollar stablecoins with a vault by Morpho and Maple Finance.

With Stable Vaults, Aave aims to position itself as one of the infrastructure providers for this market. It's designed as open infrastructure, allowing companies to deploy their own vault and determine how it operates. The system manages liquidity, capital allocation and yield distribution automatically, allowing developers to offer savings-like products without building DeFi infrastructure themselves. It supports stablecoins including USDC, USDT and Aave's GHO.

Stable Vaults will also underpin Aave's upcoming savings app, currently in test mode.

Related Assets

12345678910

Aave’s V4 discussion is a useful reminder that DeFi’s next cycle will not be won only by bigger yields or louder token narratives. Cost still matters. If users have to think twice before every transaction, the product is not ready for the next wave of adoption.

That is why the gas optimization side of Aave’s roadmap deserves attention. It speaks to the everyday friction that can make even good DeFi products feel too expensive or clunky.

For more details, visit the official Governance platform.

TL;DR Aave Labs has outlined gas optimization work tied to its V4 roadmap.The proposal focuses on making liquidity movement and user interactions cheaper.For DeFi, cost reduction remains one of the clearest ways to improve real usage. Why Gas Costs Still Shape DeFi Aave is one of DeFi’s most established lending protocols, but scale does not remove the need for efficiency. Users still care about how much it costs to borrow, repay, move collateral, or interact across chains.

The V4 roadmap points toward technical changes designed to make those interactions smoother. That includes better handling of liquidity and a more modern architecture for a multi-chain environment.

The Cross-Chain Reality DeFi is no longer confined to one chain or one liquidity venue. Capital moves across Ethereum, layer-2 networks, and alternative ecosystems. That creates opportunities, but it also creates fragmentation and cost overhead.

Aave’s challenge is to make that environment feel less fragmented for users. Gas optimization is part of that, because even small cost savings can matter when activity scales.

Why This Is A Blue-Chip DeFi Signal The market often treats mature protocols as if they have stopped innovating. Aave’s V4 planning pushes back against that. It shows one of DeFi’s largest names still trying to improve the rails underneath the product.

That is not an instant price catalyst, but it is the kind of infrastructure work that keeps a protocol relevant after the hype fades.

Why Readers Should Care The useful way to read this story is not as a standalone headline about Aave, but as part of the wider pressure building around DeFi coverage this week. Markets have been jumping quickly from one catalyst to the next, so the cleaner value for readers is in separating the actual development from the instant reaction around it. In this case, the source material gives us a concrete event to work from, rather than a loose rumour or a recycled social-media talking point.

That distinction matters because crypto readers are being asked to process a lot at once: ETF flows, regulatory actions, exchange listings, protocol upgrades, wallet movements, and political signals. A story like this is most useful when it helps them understand where Aave v4 fits into that broader map. It does not need to be inflated into a guaranteed price call to be worth covering. It simply needs to explain what changed, who is affected, and why the market is paying attention today.

The caveat is also important. Even clean source-backed developments can be overinterpreted when traders are hunting for a fast narrative. A listing does not automatically create lasting demand, a regulatory update does not immediately settle every legal question, and an on-chain movement does not always translate into a finished sale. The better read is to treat the development as a fresh data point and then watch whether follow-up activity confirms the direction of travel.

For NewsBTC readers, that means keeping the focus on what can actually be verified from the source and avoiding the temptation to turn every update into a sweeping market verdict. The story is strong enough on its own terms: it gives investors and traders another piece of context around DeFi, while leaving room for the next filing, dashboard update, wallet movement, governance vote, or exchange notice to decide whether the angle grows into something bigger.

This article is based on Aave governance materials.

This article was written by the News Desk and edited by Samuel Rae.

The vaults convert Aave's variable lending rates into fixed yields that wallets, exchanges and payment apps can offer their own users.

Aave Labs launched Stable Vaults on Thursday, infrastructure that lets fintechs, wallets, exchanges and payment providers embed fixed-rate stablecoin yield into their own products, the company said in a blog post.

The vaults convert variable onchain lending rates, drawn from Aave V3 and V4 markets or other ERC-4626 strategies, into a fixed rate a business sets for its end users. Aave Labs handles the rebalancing and cross-chain operations in between, according to the blog post.

Already Live in Aave's Own AppStable Vaults are "the smart contract vaults that already power the Aave mobile savings app," per the post, and are now open for any business to build on. Aave, the largest DeFi lending protocol with $12.80 billion in total value locked, said Chainlink Price Feeds and CCIP can support any Stable Vaults deployment and will power its own app's production version.

Aave founder and CEO Stani Kulechov said on X the product offers "fixed yield, cross-chain access, multi-strategy allocation, tier-based rates, and more," and is "now available to businesses looking to offer stablecoin yield to their users."

What Operators ControlBusinesses choose which stablecoins to accept, which yield strategies to use, and what fixed rate to offer each user, according to the blog post. Any yield the underlying strategy earns above the promised rate goes to the vault operator as revenue, letting the product function as an on-chain fixed-income model rather than a pass-through of Aave's floating rates.

Aave cited possible use cases including a neobank embedding savings powered by Aave markets, a payments company earning on idle settlement balances, and a wallet or exchange adding a one-tap earn feature backed by Savings GHO.

The launch follows Aave's October acquisition of Stable Finance and a March proposal for a GHO-based savings product, part of a broader push to bring DeFi yield to mainstream consumer apps.

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.

This site is protected by reCAPTCHA.

WebX 2026 Returns to Tokyo on July 13–14 to Explore Japan’s Evolving Web3 Landscape 

Robinhood Chain has recorded $500 million in daily Uniswap trading volume within just eight days of launch, lifting total value locked above $106 million and pushing the Arbitrum-powered network into the top ranks of decentralized finance activity.

Summary

Robinhood Chain reached $500 million in daily Uniswap trading volume within eight days of launch. Ethena’s $50 million deposit helped push the network’s TVL above $106 million. Pump.fun integration, tokenized stocks, and gas fee waivers have accelerated early ecosystem growth. DeFiLlama data shows the network’s total value locked climbed to more than $106 million after surging 159% in 24 hours, while cumulative addresses approached 200,000. The same data places Robinhood Chain behind only Ethereum mainnet in 24-hour Uniswap trading volume, an unusually rapid rise for a newly launched Layer 2 network.

Uniswap activity on the chain reached $500 million on July 8 after cumulative trading volume had already crossed $250 million during its first week.

Institutional liquidity has fueled the TVL jump Most of the recent capital increase has come from institutional DeFi flows rather than retail participation.

According to DeFiLlama, nearly $90 million of Robinhood Chain’s locked value is held on the Morpho lending protocol, which powers the roughly 7% annual percentage yield available through Robinhood Earn on USDG deposits.

The largest catalyst came from Ethena, which deposited $50 million into a Steakhouse Financial-managed USDG vault on Morpho in a single transaction. That transfer accounted for much of the network’s sharp one-day TVL increase and highlighted how concentrated institutional liquidity can rapidly reshape early DeFi metrics.

Robinhood Chain also launched with full support for Uniswap’s v2, v3, v4 and UniswapX infrastructure from day one. Trading activity has centered on Wrapped Ether (WETH), memecoins and tokenized equity assets including NVDA, AAPL and GOOG, giving the network exposure to both crypto-native and tokenized real-world asset markets.

Ecosystem expansion has drawn fresh market attention Robinhood chief executive Vlad Tenev has continued to position the network around tokenized real-world assets while acknowledging growing meme coin demand. In a July 8 post on X, Tenev wrote that as Robinhood develops Robinhood Chain into “the best chain for RWA,” it is “a great chain for memes, too.”

While we’re building robinhood chain to be the best chain for RWA … it works great for memes too

— Vlad Tenev (@vladtenev) July 8, 2026 Support from Pump.fun arrived the same day, allowing users to trade Robinhood Chain tokens directly using SOL without bridging assets. The integration quickly boosted activity around the memecoin CASHCAT, adding another source of transaction volume shortly after the chain’s launch.

Robinhood tokens are now available to trade on the Pumpfun app!

– No bridging
– Trade seamlessly in SOL
– Trade every trending Robinhood token

Never miss out again, no matter the meta. Only on the Pumpfun app. pic.twitter.com/xWiz0LDVBo

— Pump.fun (@Pumpfun) July 8, 2026 A separate filing with the U.S. Securities and Exchange Commission disclosed that Tenev sold 375,000 Class B HOOD shares under a prearranged Rule 10b5-1 trading plan.

According to the filing, the shares were sold between $112.22 and $118.13, generating roughly $43.6 million after HOOD stock had already gained more than 40% over the previous month, supported in part by enthusiasm surrounding Robinhood Chain.

Activity on the network has also lifted related crypto assets. UNI, Uniswap’s governance token, rose as much as 14% alongside the surge in trading volume. Robinhood Chain processes blocks every 100 milliseconds compared with Ethereum’s roughly 12-second block time, while Chainlink supplies oracle infrastructure for tokenized equities. Robinhood is also waiving gas fees for the network’s first 90 days, reducing transaction costs during its early growth phase.

Institutional interest in tokenized finance had already been building before the launch. Earlier this week, ARK Invest increased exposure to crypto-related stocks, adding to expectations that companies connected to tokenized assets could continue attracting investor attention.

At the same time, regulatory risks remain. SEC guidance published in January 2026 identified tokenized debt securities as an area for increased scrutiny, while Robinhood Chain’s current TVL remains heavily concentrated in Morpho, meaning large liquidity withdrawals could materially affect the network’s headline metrics.

Coinbase is giving Filecoin traders a new way to take risk. By adding margin support for FIL, the exchange is not just listing another feature. It is expanding how one of crypto’s older infrastructure tokens can be traded on a major US-facing platform.

That matters because Filecoin has often sat in an awkward place. The project is tied to a real infrastructure thesis around decentralized storage, but the market frequently treats FIL as just another volatile altcoin. Margin access tends to sharpen that trading identity.

For more details, visit the official Coinbase platform.

TL;DR Coinbase is adding Filecoin margin trading support.The move gives traders more flexibility around FIL exposure.It also keeps decentralized storage assets in the conversation as exchanges expand margin markets. Why Margin Support Changes The Setup Margin trading can deepen liquidity and attract more active traders, but it also raises the stakes. When a token becomes available for leveraged positioning, price moves can become more sensitive to funding, liquidation risk, and short-term sentiment.

For Coinbase, the decision suggests there is enough demand around Filecoin to justify broader trading tools. For FIL, it offers more visibility at a time when infrastructure tokens are trying to reassert their relevance.

Filecoin’s Infrastructure Narrative The underlying Filecoin thesis is still about storage: decentralized data markets, long-term archival needs, and alternatives to centralized cloud infrastructure. That story has never been as simple or as viral as memecoins or AI tokens, but it remains one of the sector’s more concrete use cases.

The question is whether trading access can help pull attention back to that infrastructure angle or whether leverage simply turns FIL into a faster speculative instrument.

The Risk Traders Should Remember Margin support is not automatically bullish. It can attract long exposure, but it can also make shorting easier and increase liquidation-driven volatility. That means the listing is better read as a market-structure update than a directional guarantee.

Still, for an asset like Filecoin, broader access on Coinbase is meaningful. It keeps FIL in front of active traders while the decentralized storage story continues to develop in the background.

A Useful Way To Frame It The useful way to read this story is not as a standalone headline about Coinbase, but as part of the wider pressure building around Coinbase coverage this week. Markets have been jumping quickly from one catalyst to the next, so the cleaner value for readers is in separating the actual development from the instant reaction around it. In this case, the source material gives us a concrete event to work from, rather than a loose rumour or a recycled social-media talking point.

That distinction matters because crypto readers are being asked to process a lot at once: ETF flows, regulatory actions, exchange listings, protocol upgrades, wallet movements, and political signals. A story like this is most useful when it helps them understand where Filecoin fits into that broader map. It does not need to be inflated into a guaranteed price call to be worth covering. It simply needs to explain what changed, who is affected, and why the market is paying attention today.

The caveat is also important. Even clean source-backed developments can be overinterpreted when traders are hunting for a fast narrative. A listing does not automatically create lasting demand, a regulatory update does not immediately settle every legal question, and an on-chain movement does not always translate into a finished sale. The better read is to treat the development as a fresh data point and then watch whether follow-up activity confirms the direction of travel.

For NewsBTC readers, that means keeping the focus on what can actually be verified from the source and avoiding the temptation to turn every update into a sweeping market verdict. The story is strong enough on its own terms: it gives investors and traders another piece of context around Coinbase, while leaving room for the next filing, dashboard update, wallet movement, governance vote, or exchange notice to decide whether the angle grows into something bigger.

This article is based on information from Coinbase.

This article was written by the News Desk and edited by Samuel Rae.

Latin America’s biggest stock exchange just made its boldest crypto move yet. B3, the São Paulo-based exchange that dominates trading across the region, launched options on Bitcoin, Ether, and Solana futures on July 6, completing a derivatives trifecta that took roughly two years to build.

The new contracts trade under the tickers BIT, ETR, and SOL. At expiration, they automatically exercise into the underlying futures positions, meaning traders never have to fumble with spot token custody. Settlement happens either in cash or through the futures contract itself.

Advertisement

What B3 actually built The options trade independently from 9:00 a.m. to 6:30 p.m. São Paulo time. B3 has enlisted designated market makers to keep bid-ask spreads tight and ensure adequate liquidity.

This launch didn’t happen overnight. B3 introduced Bitcoin futures back in April 2024 with a contract size of 0.1 BTC. Ether and Solana futures followed on June 16, 2025. The options layer is the natural next step, giving traders the ability to construct limited-risk strategies around positions they already understand.

Rafael Tsopanoglou Teodoro, B3’s Product Manager for Currencies, framed the expansion as a way to connect Brazilian investors with global market trends while maintaining robust risk management. The entire operation runs under the oversight of Brazil’s securities regulator, CVM.

What this means for investors For retail traders in Brazil, the immediate impact is access. Options allow for strategies like protective puts and covered calls that were previously only available through unregulated venues. The automatic exercise into futures removes a layer of complexity that often trips up less experienced traders.

For institutional investors, B3’s regulated framework is the main draw. Asset managers, hedge funds, and family offices that are mandated to trade on regulated venues now have a compliant way to gain crypto options exposure across three major assets. The CVM oversight means these products come with standardized clearing, counterparty risk mitigation, and the kind of audit trail that compliance departments demand.

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

Table of contents

Sentiment extremes are noisy, but when a top-ten asset’s negative crowd chatter hits a yearly high at the exact moment trading activity grinds to a low, it becomes a signal worth unpacking. That is where Solana finds itself. According to a Santiment update on July 9, SOL’s negative commentary reached its most intense day of 2026, while trading volume fell to its weakest level of the year. The frustration is not directionless. Solana has been at the center of strong narratives around tokenized stocks and real-world asset activity, yet price has not given traders the return they expect.

The combination of peak FUD and thin volume often creates a fragile market structure. When retail traders have largely stepped back and sentiment is overwhelmingly bearish, the residual liquidity can make price more sensitive to even modest demand. Sharp moves can emerge from low-attention zones precisely because fewer participants are positioned for them. In previous cycles, similar sentiment troughs for SOL have preceded quick snapbacks, catching late shorts off guard.

Why Thin Volume and Peak FUD Matter Order books thin out when volume collapses. With fewer resting bids and asks, a sudden uptick in buying — whether from an institutional allocation shift or a large stakeholder returning — faces less friction. The result can be a rapid repricing that fuels momentum before the crowd adjusts. Santiment’s signal draws on social data and on-chain exchange flows that historically map to local bottoms. The current reading does not guarantee a reversal, but it places SOL in a rare position where the crowd is most bearish when the asset may have the lowest retail resistance.

Narratives Are Strong but Patience Has Worn Thin The disappointment is understandable. Solana has become a meaningful layer for tokenized assets, with the real-world asset sector crossing $20 billion on-chain and major institutions reshaping the space. Traders who positioned for a narrative-driven price move are now sitting in drawdown, and their social fatigue is showing up vividly in the data. The fact that negative mentions spiked to a 2026 high underscores just how exhausted the long side has become. When narratives fail to convert into immediate price action, markets often punish the latecomers first — and that is the kind of flush that can set the stage for a new impulse leg.

What the Charts Don’t Guarantee History does not repeat perfectly. Low volume can also signal genuine apathy, not a coiled spring. A macro shock, a legal shift, or a break below key SOL support levels could extend the pain rather than spark a bounce. What traders should watch is whether on-chain behavior begins to diverge from social mood. If active addresses, developer engagement, or institutional flows remain constructive while X feeds turn negative, the split would reinforce the contrarian case. For now, Solana’s developer activity remains robust, suggesting that building continues even as short-term sentiment sours.

SOL is sitting in a high-FUD, low-attention pocket. When price starts moving out of those pockets, it rarely gives polite warnings. The market’s next assignment is deciding whether this crowd pessimism is justified or simply the background noise that typically precedes the next leg higher. If a rebound does materialize from this zone, it would fit a familiar pattern where assets punish the most crowded sentiment.

AUTHOR

Kester is an experienced freelance content writer. His focus is primarily on blockchain technology and cryptocurrency. One might even refer to him as a "blockchain enthusiast." He has been following advancements in the crypto and blockchain area for several years, researching and writing his insights in the media. In addition to being a skilled content writer, Mushumir is also knowledgeable in SEO and digital marketing. He aspires to succeed as a content creator in the digital realm, dealing with customers in the finance and tech industries to generate traffic through engaging taglines and content. Mushumir enjoys traveling, reading, and playing cricket when he is not writing. He now works as a news and article writer for BlockchainReporter.

Stripe subsidiary Privy has partnered with Solana infrastructure firm Jito Labs on a new transaction certainty tool called FullSend, which will help ensure that transactions sent from Privy wallets are included in Solana blocks "as fast as the network allows," according to an announcement shared with The Block.

FullSend was co-developed by Privy and Jito, one of the most prominent Solana infrastructure firms, and has reportedly been running unannounced in production inside Privy since the beginning of the year. Since January, FullSend has achieved 99.999% landing reliability across millions of transactions.

"Transaction landing on Solana became more complicated than it ever needed to be — tips, priority fees, picking the right endpoint. We wanted to make that entire decision disappear for developers,” Privy CTO Asta Li said in the statement.

FullSend works by automatically routing every transaction signed in a Privy wallet directly to the current and upcoming Solana leaders through Jito’s low-latency network. Solana rotates block building leaders roughly every 400 milliseconds per slot, following a predetermined schedule based on stake.

In addition to helping ensure inclusion, the system also bypasses any Maximal Extractable Value (MEV) risks, like bots front-running, sandwiching, or censoring transactions.

According to the announcement, FullSend cuts Privy’s inclusion latency for transactions to 50 milliseconds, “putting transactions in front of leaders before the competition.” Traditionally, Solana wallets send transaction information to a public or hosted RPC node, which then broadcasts it to the network — a process that takes at least 200 ms.

"The best applications on Solana win or lose on how fast and reliably their transactions land — that's the whole game,” Jito Labs CEO Lucas Bruder said. “FullSend is our answer at the infrastructure layer: straight to the leader, standard priority fees, MEV protection by default.”

The announcement notes the solution is especially geared toward fintechs, market makers, and other institutional Solana users who need speed and certainty when transacting on a blockchain.

Earlier this year, Privy partnered with Alchemy on an institutional onboarding solution. Privy counts fintechs like Klarna, Ramp, and Deel as users, as well as Hyperliquid, and claims 140 million accounts that process billions of dollars in monthly volume.

Stripe, which is also co-developing the stablecoin-focused Layer 1 blockchain Tempo, acquired Privy in 2025 following its $1.1 billion acquisition of Bridge.

Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures. The Block continues to operate independently to deliver objective, impactful, and timely information about the crypto industry. Here are our current financial disclosures.

© 2026 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

If you’ve ever submitted a Solana transaction and watched it disappear into the void, you’re not alone. A new integration between wallet infrastructure provider Privy and MEV specialist Jito is designed to make that experience a relic of the past.

The two companies have co-developed FullSend, a tool that automatically routes every transaction signed in a Privy wallet directly to whichever validator is currently building the next Solana block.

How FullSend actually works Under normal circumstances, Solana transactions travel through RPC (Remote Procedure Call) nodes before reaching a block producer. RPC routing introduces latency, and during periods of high network congestion, it can lead to dropped or delayed transactions. FullSend sidesteps this entirely by leveraging Jito’s block engine to send transactions straight to the active block-building leader.

The integration runs under the hood of Privy’s wallet infrastructure, meaning developers building on Privy don’t need to implement custom routing logic. Every transaction signed through a Privy wallet, whether it’s an externally-owned account or an embedded wallet, gets the FullSend treatment automatically.

Advertisement

Privy has positioned itself as a provider of embedded wallet and authentication solutions across the Solana ecosystem, targeting applications that want to abstract away the complexity of wallet management for end users.

Jito’s quiet dominance of Solana infrastructure Jito operates Solana’s primary MEV block engine and leader auction systems. Its modified validator client runs on the majority of the network’s stake, making it the backbone of how transactions actually get prioritized and included on the chain.

MEV, or Maximum Extractable Value, refers to the profit that validators or searchers can extract by reordering, inserting, or censoring transactions within a block.

For Privy, partnering with Jito extends its strategy to build wallet infrastructure. The company has previously worked with Helius, another prominent Solana infrastructure provider.

What this means for Solana users and investors FullSend addresses transaction reliability at the application layer rather than the protocol layer. Protocol upgrades require network-wide consensus and take time. Application-layer improvements can be deployed immediately and benefit users without waiting for validator upgrades.

For developers building consumer-facing applications on Solana, FullSend removes a routing optimization problem from their implementation requirements. Every transaction signed through a Privy wallet, across both externally-owned accounts and embedded wallets, is routed automatically.

There’s also a centralization question worth flagging. Jito’s client already runs on a majority of Solana’s stake, and deeper integration with wallet providers like Privy concentrates more of the transaction pipeline through Jito’s infrastructure. If Jito’s block engine experiences issues, the blast radius is significant.

Performance data and adoption metrics for FullSend haven’t been publicly disclosed yet, so the actual impact on transaction success rates and latency remains to be seen.

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

Micron Technology has become the stock that AI bulls and crypto natives are both fighting over. The memory chipmaker’s shares have climbed roughly 197% year-to-date in 2026, recently trading around $949, as insatiable demand for high-bandwidth memory chips collides with a supply picture so tight that every unit produced through the end of 2026 is already spoken for under binding contracts.

And now, for the first time, you can trade a tokenized version of Micron stock on Ethereum and Solana. Traditional finance and DeFi are officially sharing a lunch table.

The AI memory bottleneck powering Micron’s run The large language models and data centers powering the current wave of artificial intelligence require high-bandwidth memory, or HBM, in enormous quantities. Micron happens to be one of a small handful of companies capable of manufacturing these chips at scale.

UBS analyst Timothy Arcuri raised his price target on Micron to $1,625 in May 2026, up from $535. The rationale centers on AI-driven memory shortages that Arcuri expects to persist until at least Q2 2028.

Advertisement

Micron’s HBM4 capacity is fully contracted through 2026, with tight supply conditions anticipated to extend well beyond 2027. The company has committed $27 billion in capital expenditures for fiscal 2026 alone to expand production.

Analyst 12-month price targets currently range between $600 and north of $1,500, reflecting a wide but uniformly bullish consensus.

Tokenized Micron stock hits Ethereum and Solana In June 2026, tokenized versions of Micron stock launched on two major blockchain networks. MUon debuted on Ethereum, while $MU went live on Solana. Both allow investors to gain on-chain exposure to Micron’s equity without touching a traditional brokerage account.

Tokenized stocks trade 24/7, settle almost instantly, and can be composed into DeFi strategies alongside stablecoins, lending protocols, and yield products.

Micron’s deeper crypto connection Micron has a long history of supplying GDDR memory for GPUs used in cryptocurrency mining. Every Ethereum miner who ran rigs before the network’s transition to proof-of-stake was, in some indirect way, a Micron customer.

What investors should actually worry about Multiple analysts project that peak market conditions for memory chips could arrive around 2027-2028, with a potential normalization or outright downturn by 2029. The reasoning is classic semiconductor cyclicality: competitors will eventually catch up, new fabrication capacity will come online, and the supply-demand imbalance will narrow.

The $27 billion capex commitment looks smart today. It could look very different if demand softens and capacity sits idle.

For crypto investors specifically, the tokenized stock products introduce their own set of considerations. Regulatory clarity around tokenized equities remains a patchwork globally. The tokens themselves depend on custodial arrangements and issuer reliability that vary by platform.

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

Solana market sentiment has turned sharply bearish amid its ongoing price decline, a new study from on-chain analytics platform Santiment confirms.

In particular, social media negativity has reached its highest level of 2026. Meanwhile, trading volume has fallen to its lowest point of the year.

Despite growing narratives around tokenized stocks and real-world asset (RWA) adoption on Solana, SOL has yet to post meaningful price gains. Santiment said the lack of price momentum has left many traders frustrated.

Meanwhile, the firm also noted that periods of extreme pessimism and weak trading activity have historically preceded unexpected price rebounds.

Solana Volume Slumps, Negative Sentiment Surges According to Santiment, Solana is seeing a rare combination of falling market participation and rising bearish sentiment. The platform said social media discussions about SOL recorded their most negative day of 2026, while trading volume dropped to its lowest level of the year.

The accompanying chart shows SOL trading around $77.80, with seven-day trading volume at roughly $2.27 billion. Trading volume has been declining since late January. Meanwhile, negative sentiment climbed to its highest level since November 2025, reaching a reading of 14.05.

Santiment said much of the pessimism stems from disappointment that bullish narratives around tokenized equities and RWA adoption have not translated into stronger price performance.

Solan Price At press time, Solana is trading at $78.18, up a modest 0.72% over the past week and 16% over the past month. However, SOL remains down 37% since the start of the year and 49% over the past 12 months.

As a result, many long-term holders are still sitting on significant losses, further reflected in the extremely bearish market sentiment.

Solana Chart by TheCryptoBasic Santiment Sees Potential Contrarian Setup Despite the weak sentiment, Santiment said the current setup could favor a potential recovery. The analytics firm noted that periods of extreme fear and thin trading activity often drive retail investors to the sidelines.

However, if buying pressure returns, larger market participants can move prices more easily under such conditions.

Santiment added that rebounds often occur when traders least expect them. It said Solana may be entering a “low-attention, high-FUD” environment, where prices could rise if sentiment improves.

However, the firm did not predict an imminent rally. Instead, it said the current conditions are historically worth watching for contrarian investors tracking shifts in market psychology.

Can SOL Hit $100 Soon? In a recent commentary, market watcher Michaël van de Poppe argued that conditions are starting to become interesting for Solana at current price levels.

In his view, holding the $73-$76 price range and moving higher would provide a strong signal that the market is ready for a run toward the psychologically important $100 level.

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.

@OndoFinance has extended its 24/7 on-chain minting and redemption service for tokenized US equities to @Solana, completing a multi-chain rollout that began on Ethereum and BNB Chain in late June 2026. The move brings always-on liquidity to a growing suite of tokenized stocks and ETFs, allowing users anywhere in the world to settle positions outside traditional market hours.

What the Upgrade Actually Does Prior to this rollout, Ondo's platform already permitted around-the-clock transfers of tokenized securities, but minting and redemption, the creation and cancellation of positions, were still tied to US market hours. The Defiant reported that the upgrade removes that constraint, allowing eligible users to mint or redeem tokenized equities at any hour, including weekends and public holidays, at the prevailing market price.

The assets covered include $SPYon, $QQQon, $NVDAon, and $TSLAon, among others. Crypto Times noted that these are among the most actively traded tokenized names on the platform, with additional assets expected to be added in the weeks ahead.

The system is powered by Ondo's Nexus infrastructure, which handles on-demand, price-linked creation and redemption of tokens backed by real securities held at broker-dealers. Chainlink price feeds provide the real-time pricing data that makes continuous redemption technically viable.

Scale and Competitive Context Ondo Global Markets now lists more than 430 tokenized stocks and ETFs across Ethereum, Solana, and BNB Chain. The platform states it was the first in the tokenized-stock sector to surpass $1 billion in total value locked, exceeding the combined TVL of competing platforms. Beyond trading, tokenized stocks on the platform are also being used as collateral within DeFi applications including Ondo Perps, Morpho, and Euler.

@OndoFinance has also highlighted a distinction that separates this launch from rival offerings. Competitors claiming 24/7 trading have generally confined continuous access to secondary-market transfers on centralized and decentralized exchanges, while actual issuance and redemption remained restricted to market hours. Ondo's upgrade addresses that gap directly at the protocol level.

The Solana integration reflects the network's appeal for high-throughput, low-cost on-chain activity and continues Ondo's broader strategy of expanding institutional-grade tokenized assets across multiple chains.

Sources:
The Defiant: Ondo Finance 24/7 Minting and Redemption for Tokenized Stocks and ETFs
Crypto Times: Ondo Launches Industry-First 24/7 Tokenized Stock Minting
Crypto Briefing: ONDO Finance Enables 24/7 Minting and Redemption for Tokenized Stocks and ETFs

Wells Fargo has expanded its exposure to Strategy while reducing part of its BlackRock Bitcoin ETF position, according to its latest regulatory filing that also shows larger investments across Ethereum and Solana-linked products.

Summary

Wells Fargo increased its Strategy stake by 125% while trimming its BlackRock Bitcoin ETF holding. The bank boosted Ethereum ETF exposure, added Solana funds, and expanded positions in Bitmine and Robinhood. SEC filings also show reduced stakes in Coinbase and Galaxy Digital despite broader crypto market exposure. According to the bank’s latest filing with the U.S. Securities and Exchange Commission, the $2.5 trillion asset manager increased its holding in Michael Saylor’s Strategy (MSTR) by 125% to nearly 726,000 shares, adding roughly $41.5 million in exposure.

At the same time, the filing shows the bank reduced its position in BlackRock’s iShares Bitcoin Trust (IBIT) by 75,102 shares compared with the previous quarter, while also opening a new IBIT call position and increasing its put exposure during a period of heightened market uncertainty linked to the U.S.-Iran conflict.

Bitcoin ETF exposure has been rebalanced rather than cut outright Although Wells Fargo trimmed its IBIT position, the filing indicates it did not reduce its Bitcoin exposure across the board. The bank also lowered its holdings in the Invesco Galaxy Bitcoin ETF (BTCO), the ARK 21Shares Bitcoin ETF, and the Fidelity Wise Origin Bitcoin Fund (FBTC). 

However, it added to positions in the Grayscale Bitcoin Mini Trust, Grayscale Bitcoin Trust (GBTC), and Bitwise Bitcoin ETF (BITB), with its BITB stake rising 24% from the previous quarter.

Ethereum-linked investments moved in the opposite direction. Wells Fargo increased its holdings in BlackRock’s iShares Ethereum Trust (ETHA) by about 65%, taking its position to more than 1.10 million shares valued at approximately $17.56 million, according to the filing. 

The bank also reported ownership of 257,157 shares of the Bitwise Ethereum ETF, 4,637 shares of the Grayscale Ethereum Staking ETF, and 623 shares of VanEck’s Ethereum ETF (ETHV).

The filing also disclosed the bank’s first reported positions in Solana investment products. Wells Fargo purchased 13,280 shares of Grayscale Solana Trust (GSOL) and 1,638 shares of the Fidelity Solana Fund (FSOL), adding Solana exposure alongside its existing Bitcoin and Ethereum allocations.

Crypto stock buying has favored treasury companies Beyond exchange-traded funds, Wells Fargo increased investments in several crypto-related companies. Its position in Bitmine Immersion (BMNR) climbed from 2,323 shares to 21,547 shares, an increase of about 828%, lifting its exposure to the company’s Ethereum treasury strategy to roughly $426,000.

The filing also shows new positions in American Bitcoin Corp. (ABTC), the Trump family-backed Bitcoin treasury company, and Strive Asset Management’s treasury vehicle (ASST). At the same time, Wells Fargo expanded its Robinhood (HOOD) holding by 65% to about 2.56 million shares while opening put option positions valued at nearly $116,000.

Robinhood has recently attracted interest from other institutional investors as well. As crypto.news reported on June 27, Cathie Wood’s ARK Invest bought approximately $25.54 million worth of shares across Coinbase, SpaceX, Circle, Bullish, and Robinhood through several of its exchange-traded funds. Robinhood was one of the companies added during that round of purchases.

Not every crypto-linked stock received additional capital. Wells Fargo cut its stake in Galaxy Digital by roughly 97% and reduced its Coinbase (COIN) position by about 25%, according to the SEC filing, indicating the bank adjusted individual equity holdings while continuing to maintain exposure across Bitcoin, Ethereum, Solana, and crypto treasury companies.

The quarter-finals of the 2026 FIFA World Cup are here, and there’s a parallel tournament playing out in the crypto markets. It involves fan tokens, digital collectibles, and the first official crypto exchange in FIFA history.

Kraken’s historic FIFA deal On June 9, 2026, just two days before the tournament kicked off, Kraken was named FIFA’s first Official Crypto Exchange Supporter. That’s not a sponsorship category that existed before. FIFA created it for this tournament.

The World Cup itself runs from June 11 to July 19, 2026, featuring an expanded 48-team format spread across 16 venues in Canada, Mexico, and the United States. The quarter-finals land in mid-July, right at the peak of global viewership.

Advertisement

The exchange is running promotional campaigns tied to match progression, including referral contests where participants can win tickets to the final.

Fan tokens and the Chiliz effect Chiliz is the infrastructure layer powering national team fan tokens during the tournament. When a team wins, its associated fan token moves. When a team gets eliminated, it drops.

The quarter-final stage is where eight teams remain and each match is elimination. The absence of an official FIFA-issued token is worth noting. FIFA has not launched its own centralized fan token for this tournament.

Avalanche and the digital collectibles layer Avalanche is supporting FIFA Collect, the tournament’s official digital collectibles initiative, as well as Right-to-Ticket tokens that provide holders with access to match experiences.

What investors should watch through the quarter-finals Watch fan token volumes for the eight remaining nations. The tokens associated with teams that advance will likely see buying pressure ahead of the semi-finals. Tokens tied to eliminated teams will see selling.

Crypto’s official presence inside the 2026 World Cup, through Kraken’s exchange partnership, Chiliz’s token infrastructure, and Avalanche’s collectibles layer, represents a maturation of the sports-blockchain relationship. The quarter-finals are where that maturation gets stress-tested against real volume, real sentiment, and real money.

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

3 US Stocks to Watch in July 2026: A Bank, an Oil Major and an EV Maker

Helium is getting a fresh liquidity window after Binance added HNT to its spot trading lineup. For a DePIN token, that matters because exchange access can quickly change who can trade the asset, how deep the order book becomes, and how visible the project is to global retail markets.

The listing is also a reminder that DePIN remains one of the market’s stickier infrastructure themes. It does not always dominate the headlines, but the idea of blockchain-linked physical networks continues to attract attention from traders and builders.

For more details, visit the official Binance platform.

TL;DR Binance listed Helium on its spot desk.The move expands global liquidity for one of the better-known DePIN tokens.HNT now gets a fresh exchange catalyst at a time when decentralized infrastructure narratives remain active. Why Binance Listings Still Matter A Binance listing is not a guarantee of lasting demand, but it remains one of the clearest exchange-access catalysts in crypto. It can improve liquidity, widen participation, and put a token into the daily rotation of active traders.

For Helium, that added visibility comes at a useful time. The project’s story is more concrete than many speculative tokens because it is tied to decentralized wireless and connectivity infrastructure.

The DePIN Angle DePIN has become a catch-all term for projects trying to coordinate physical infrastructure through token incentives. Some of those projects are still very early, but Helium is one of the names most traders recognize in the category.

That recognition matters because narratives need anchors. When a major exchange lists a recognizable DePIN asset, it can pull attention back to the broader sector.

What Traders Should Watch The first test is whether HNT volume holds after the initial listing reaction. Many new listings see a quick burst of activity and then fade. A stronger signal would be sustained depth across the listed pairs.

For now, Binance has given Helium a new market venue and a fresh reason for traders to revisit the DePIN theme.

What The Market Can Learn The useful way to read this story is not as a standalone headline about Binance, but as part of the wider pressure building around Binance coverage this week. Markets have been jumping quickly from one catalyst to the next, so the cleaner value for readers is in separating the actual development from the instant reaction around it. In this case, the source material gives us a concrete event to work from, rather than a loose rumour or a recycled social-media talking point.

That distinction matters because crypto readers are being asked to process a lot at once: ETF flows, regulatory actions, exchange listings, protocol upgrades, wallet movements, and political signals. A story like this is most useful when it helps them understand where Helium fits into that broader map. It does not need to be inflated into a guaranteed price call to be worth covering. It simply needs to explain what changed, who is affected, and why the market is paying attention today.

The caveat is also important. Even clean source-backed developments can be overinterpreted when traders are hunting for a fast narrative. A listing does not automatically create lasting demand, a regulatory update does not immediately settle every legal question, and an on-chain movement does not always translate into a finished sale. The better read is to treat the development as a fresh data point and then watch whether follow-up activity confirms the direction of travel.

For NewsBTC readers, that means keeping the focus on what can actually be verified from the source and avoiding the temptation to turn every update into a sweeping market verdict. The story is strong enough on its own terms: it gives investors and traders another piece of context around Binance, while leaving room for the next filing, dashboard update, wallet movement, governance vote, or exchange notice to decide whether the angle grows into something bigger.

This article is based on information from Binance.

This article was written by the News Desk and edited by Samuel Rae.