The Gulf’s crypto ambitions are not slowing down. KuCoin’s partnership with a UAE crypto alliance adds another exchange-level move to a region that has spent the last few years trying to turn regulatory openness into institutional digital asset activity.
The useful way to read this is not as a guaranteed price signal, but as a fresh piece of information in a market that is trying to sort real developments from noise. For KuCoin, the value is strategic. Partnerships like this can help an exchange show it is not just chasing users, but trying to fit into a regional framework where regulators, institutions, and service providers all matter.
For more details, visit the official Chainwire platform.
TL;DR KuCoin announced a partnership with a UAE crypto alliance.The deal is framed around institutional access and local collaboration.It reflects the Gulf region’s continued push to position itself as a digital asset hub. Why the UAE keeps showing up The UAE has become one of the more visible markets for crypto firms looking for a clearer operating base. That does not mean every partnership is transformative, but it does show that companies still see value in local relationships, compliance discussions, and institutional access routes.
For KuCoin, the value is strategic. Partnerships like this can help an exchange show it is not just chasing users, but trying to fit into a regional framework where regulators, institutions, and service providers all matter.
The Market Read Frame as regional infrastructure positioning; do not overstate immediate trading impact.
That is the balance readers need to keep in mind. Crypto markets are quick to turn every update into a single-direction trade, but most durable stories are more layered than that. They matter because they change positioning, incentives, infrastructure, or regulation over time.
What Comes Into Focus Now From here, the important thing is follow-through. If the source data, company update, filing, or on-chain record continues to move in the same direction, this can become part of a larger trend. If it stalls, it is still useful as a snapshot of where attention is sitting today.
For traders and readers, the cleaner takeaway is to separate the confirmed development from the speculation around it. The confirmed part is what deserves coverage. The speculation is what needs caution.
For Crypto readers specifically, the story is useful because it gives a clearer frame for the next few sessions. It tells them what to watch, which part of the market is reacting, and where the first obvious risk sits. That is more valuable than simply saying a token, company, or regulator has made a move. The useful work is in connecting the update to liquidity, positioning, adoption, enforcement, or user behaviour without pretending that any single headline controls the whole market.
The practical question now is whether this remains an isolated update or becomes part of a chain of follow-through. A second filing, another wallet move, fresh dashboard data, a new governance vote, or a stronger market reaction can all turn a clean single-day story into a broader narrative. Without that follow-through, it still matters, but more as a marker of where attention was concentrated on July 8 than as a complete trend on its own.
That distinction is especially important in a market where headlines can travel faster than context. A source-backed update gives readers something firmer to work with, but it does not remove liquidity risk, execution risk, or the chance that traders fade the initial reaction once the first wave of attention passes.
In that sense, the headline is only the starting point. The better read is to watch how builders, exchanges, funds, wallets, regulators, or large holders respond after the first announcement has moved through the feed.
This report is based on information from chainwire.org.
This article was written by the News Desk and edited by Samuel Rae.
The Gulf’s crypto ambitions are not slowing down. KuCoin’s partnership with a UAE crypto alliance adds another exchange-level move to a region that has spent the last few years trying to turn regulatory openness into institutional digital asset activity.
The useful way to read this is not as a guaranteed price signal, but as a fresh piece of information in a market that is trying to sort real developments from noise. For KuCoin, the value is strategic. Partnerships like this can help an exchange show it is not just chasing users, but trying to fit into a regional framework where regulators, institutions, and service providers all matter.
For more details, visit the official Chainwire platform.
TL;DR KuCoin announced a partnership with a UAE crypto alliance.The deal is framed around institutional access and local collaboration.It reflects the Gulf region’s continued push to position itself as a digital asset hub. Why the UAE keeps showing up The UAE has become one of the more visible markets for crypto firms looking for a clearer operating base. That does not mean every partnership is transformative, but it does show that companies still see value in local relationships, compliance discussions, and institutional access routes.
For KuCoin, the value is strategic. Partnerships like this can help an exchange show it is not just chasing users, but trying to fit into a regional framework where regulators, institutions, and service providers all matter.
The Market Read Frame as regional infrastructure positioning; do not overstate immediate trading impact.
That is the balance readers need to keep in mind. Crypto markets are quick to turn every update into a single-direction trade, but most durable stories are more layered than that. They matter because they change positioning, incentives, infrastructure, or regulation over time.
What Comes Into Focus Now From here, the important thing is follow-through. If the source data, company update, filing, or on-chain record continues to move in the same direction, this can become part of a larger trend. If it stalls, it is still useful as a snapshot of where attention is sitting today.
For traders and readers, the cleaner takeaway is to separate the confirmed development from the speculation around it. The confirmed part is what deserves coverage. The speculation is what needs caution.
For Crypto readers specifically, the story is useful because it gives a clearer frame for the next few sessions. It tells them what to watch, which part of the market is reacting, and where the first obvious risk sits. That is more valuable than simply saying a token, company, or regulator has made a move. The useful work is in connecting the update to liquidity, positioning, adoption, enforcement, or user behaviour without pretending that any single headline controls the whole market.
The practical question now is whether this remains an isolated update or becomes part of a chain of follow-through. A second filing, another wallet move, fresh dashboard data, a new governance vote, or a stronger market reaction can all turn a clean single-day story into a broader narrative. Without that follow-through, it still matters, but more as a marker of where attention was concentrated on July 8 than as a complete trend on its own.
That distinction is especially important in a market where headlines can travel faster than context. A source-backed update gives readers something firmer to work with, but it does not remove liquidity risk, execution risk, or the chance that traders fade the initial reaction once the first wave of attention passes.
In that sense, the headline is only the starting point. The better read is to watch how builders, exchanges, funds, wallets, regulators, or large holders respond after the first announcement has moved through the feed.
This report is based on information from chainwire.org.
This article was written by the News Desk and edited by Samuel Rae.
Zcash price has pulled back from the $500 resistance zone after a sharp rally driven by renewed optimism around the upcoming Ironwood upgrade, although technical indicators still favor another attempt higher if key support levels continue to hold.
Summary
Zcash price has retreated from the $500 resistance after profit-taking, but continues to hold above the key $440 support zone. Technical indicators and liquidation data suggest a break above $480 could trigger another move toward the $500-$540 region. Rising geopolitical tensions, weaker institutional crypto demand, and regulatory pressure remain the biggest risks to the bullish outlook. According to data from crypto.news, Zcash (ZEC) price climbed to an intraday high of around $505 before retreating to about $466 on July 8 as traders locked in profits after a nearly 28% advance. The rejection came as leveraged longs accumulated near the psychological $500 barrier, allowing market makers to trigger a wave of long liquidations that accelerated the decline. Despite the retracement, the sell-off has so far remained above the critical $440 support that traders have been watching since the latest breakout.
Meanwhile, enthusiasm surrounding Zcash’s Ironwood upgrade continues to underpin investor sentiment. The network is preparing to activate the long-awaited upgrade later this month, introducing a mathematical proof designed to eliminate hidden counterfeiting risks inside its privacy pools. The milestone follows June’s emergency response to the Orchard vulnerability and has strengthened confidence that Zcash’s privacy infrastructure is nearing full restoration.
Technical structure continues to favor another test of $500 The daily chart shows Zcash holding above the 50% Fibonacci retracement level near $442 after rejecting from the 61.8% retracement at $500.48. Price also remains comfortably above the 38.2% Fibonacci support at $383, while the Chaikin Money Flow has climbed back into positive territory at 0.13, suggesting buying pressure continues to outweigh distribution.
Zcash daily price chart — July 8 | Source: crypto.news At the same time, the Aroon Up indicator has surged above 92%, confirming buyers still retain control of the prevailing trend despite the latest setback.
According to analyst Ardi, the recent rejection may actually strengthen the bullish setup rather than invalidate it. In a post on X, he argued that the decline simply retested a key breakout zone before another potential advance.
“Another layer of confluence to give me confidence that once we break and hold above the compound resistance, we’re on our way back above $500.”
His chart identifies a compound resistance around $480, where a descending trendline intersects horizontal resistance. A sustained daily close above that region could reopen the path toward $500 before exposing the macro resistance zone around $540.
Derivatives positioning presents a similar picture. CoinGlass liquidation data shows dense short liquidation clusters stacked between $480 and $500, with another large concentration sitting just above $520. Those pockets could fuel another squeeze if buyers reclaim the $480 resistance. On the downside, the largest long liquidation liquidity has accumulated near $450, making it an important support area should sellers regain momentum.
Zcash liquidation heatmap | Source: CoinGlass Macro risks could delay the next breakout attempt Outside crypto-specific catalysts, global macro conditions have become less supportive after fresh geopolitical tensions in the Middle East lifted oil prices and pushed U.S. Treasury yields higher. The move triggered another round of selling across technology shares and other risk assets, dragging Bitcoin back toward the $62,000 area and reducing appetite for high-volatility altcoins, including Zcash.
Crypto market liquidity has also weakened. The Coinbase Bitcoin Premium Index recently recorded its longest negative streak on record, highlighting subdued institutional demand from U.S. investors. At the same time, European lawmakers have continued advancing tighter oversight proposals covering decentralized finance, staking services, and privacy-focused protocols, adding another layer of uncertainty for privacy coins.
Those risks leave the technical outlook dependent on a handful of key price levels. Holding above $440 would preserve the current recovery structure and keep another move toward $480 and $500 in play.
A decisive break below that support, however, would invalidate the immediate bullish thesis and expose Zcash to a deeper retracement toward its 200-day exponential moving average near $382, where longer-term buyers may attempt to stabilize the trend.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
Zcash announced that the newly launched shielded Ironwood pool is being “formally verified” to rule out all undetectable counterfeiting bugs.
Ironwood pool was proposed as a solution after the project’s flagship Orchard pool encountered a counterfeiting bug that could have minted new ZEC tokens.
However, given the strong privacy design of the Zcash protocol, it couldn’t be verified whether the bug was exploited or not.
In early June, notable figures in the sector, such as Arthur Hayes, dumped their ZEC holdings and slammed the project for a lack of capacity to prove that the bug was not leveraged to mint new tokens.
The FUD dented market sentiment, dragging ZEC price down to $251 from $640, marking a +60% crash in three days. An attempt to calm the volatility by top privacy supporters failed to materialize.
The ZEC price crash only eased after the project proposed a new auditable Ironwood pool. The new pool had an internal mechanism to verify ZEC supply without compromising privacy.
Now, this is the first time the pool is being ‘formally verified’ to test whether it works as designed.
Will it renew trust in Zcash? For the project, the bug found last month will be the last one with the new auditable Ironwood shielded pool.
The recently discovered undetectable counterfeiting bug in Orchard wasn’t the first of its kind in Zcash. Thanks to formal verification of Ironwood, it will be the last.
Reacting to the update, Mertz Mumtaz, a privacy champion and founder of Helius Labs, billed the move as ‘colossal.’
This is colossal. Let me translate: this makes undetectable counterfeit bugs in Zcash mathematically impossible going forward. This was the biggest tradeoff in private money before, and Zcash has solved it.
For him, the market will take a while to grasp the update, but he expected it would eventually rally ZEC to $10K per coin.
Well, apart from last month’s bug issue, the protocol has advanced its plan for post-quantum recoverable wallets. Collectively, the formal verification, privacy, and post-quantum push could help build trust in the protocol again.
That said, the Orchard pool still dominates the shielded pool supply despite nearly 1 million ZEC redeemed last month amid the bug FUD.
Source: SEC Hub As of writing, the Ironwood pool had zero supply, and it remains to be seen whether it will attract ZEC users.
Will ZEC reclaim momentum? On the price charts, Zcash [ZEC] price jumped 6% after the update and tagged $512.
An extended recovery could only be confirmed if ZEC decisively reclaims $500 as support. If so, another 30% upside potential could be feasible towards $640-$680. Otherwise, a rejection at $500 would drag ZEC back to $380 (200-day SMA, blue line).
Source: ZEC/USDT, TradingView Final Summary Zcash has begun formal verification of the Ironwood shielded pool to eliminate undetectable counterfeiting bugs witnessed in the Orchard pool ZEC could present an extra +30% gain if the update rebuilds trust in the protocol
Ahmed Balaha is a journalist and copywriter based in Georgia with a growing focus on blockchain technology, DeFi, AI, privacy, digital assets, and fintech innovation.
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Eli Ben-Sasson, Zcash founder and and CEO of StarkWare, the company behind Ethereum Layer 2 scaling solution Starknet, publicly argued that Bitcoin 21 million supply cap “doesn’t make sense.” He is also proposing instead that the network adopt a hard ceiling on the annual issuance rate.
Ben-Sasson’s core argument centers on key loss. Because private keys are permanently lost over time, the coins attached to those keys remain on the ledger but fall out of practical circulation, making the usable supply unknowable and trending downward. His proposed fix: replace the fixed total-coin ceiling with a fixed inflation rate ceiling. His specific figure was 4% per year, which he described as “a reasonable upper bound on human population expansion.”
Capping the supply of Bitcoin at 21M doesn't make sense. Beacuse over time, keys will be lost. In fact, as time goes to infinity, all keys will be lost.
I strongly support a clear monetary policy with an absolute upper bound on the # of Bitcoins in the future. Say, fix a max…
— Eli Ben-Sasson | Starknet.io (@EliBenSasson) July 7, 2026 The shift is from capping the stock of coins to capping the annual flow of new issuance, a distinction that sounds technical but carries enormous structural implications for every holder who priced Bitcoin’s scarcity into their position.
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Zcash Co-Founder Right about Bitcoin?Alongside the lost-key argument, the Zcash co-founder, Ben-Sasson, flagged Bitcoin miner security as a compounding concern. The block reward currently stands at 3.125 BTC following the April 2024 halving, and it will continue to decline on schedule, eventually reaching zero around 2140. As the subsidy shrinks, miners depend increasingly on transaction fee revenue to stay economically viable, and a network that cannot sustain miner participation becomes progressively more vulnerable to attack. Ben-Sasson described this risk as “looming large on the horizon.”
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This part of the argument has genuine traction among protocol researchers, independent of whether one accepts the rest of Ben-Sasson’s thesis. Bitcoin’s long-run security model is a real open question – the assumption that fee revenue will fully compensate for the disappearing block reward is unproven at scale. Raising that issue does not require agreeing that the supply cap should change.
The lost-coin case is harder to quantify precisely. We estimated the effective circulating cap at roughly 18.5 million BTC once permanently inaccessible coins are excluded, with Ledger placing lost supply as high as 4 million BTC as of late 2024. Approximately 19.9 million BTC have already been mined, or around 95% of the eventual total, leaving only about 1.1 million BTC remaining to be issued over the next century-plus. The attrition from key loss is real.
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This Won’t Go NowhereThe governance math is unambiguous. Changing Bitcoin’s supply cap would require a Bitcoin Improvement Proposal, new client software, and adoption by miners, nodes, and users. Approximately 97% of Bitcoin nodes currently enforce the existing supply schedule. A cap change is not technically impossible, but a fork that dilutes scarcity would split the chain and likely destroy much of the value it was ostensibly trying to preserve. The debate around Bitcoin’s role as a strategic reserve asset makes any hint of supply flexibility even more politically toxic in the current environment.
The community’s divisibility counterargument is also worth understanding precisely. Bitcoin’s 21 million coins subdivide into 2.1 quadrillion satoshis, providing more than enough unit granularity to accommodate adoption at any realistic price level. Ben-Sasson’s rebuttal, that “satoshis would also trend toward zero in absolute terms if key loss continues indefinitely,” is technically correct but operates on a timescale measured in centuries, not trading horizons.
This is a terrible idea. The fact that you can think of changing a protocol built around scarcity and decentralization. Once one major change like this is made then others will come on in and do the same. You're destroying the idea of what Bitcoin set out to be .Why don't you…
— Angel Akiyta (@AngelAkiyta) July 7, 2026 What makes Ben-Sasson’s intervention notable is not its probability of success. It has none. What matters is who is raising the argument and why: a prominent ZK-proof technologist with credibility in the Ethereum ecosystem, citing miner security degradation as the mechanism that could eventually force the conversation.
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Overview This is the v0.18.5.1 release of the Monero software. This recommended release includes a large number of bug fixes.
Some highlights of this release are:
Daemon: display IPv6 connections (#10611) Daemon: fix slow shutdown with Tor/I2P enabled (#10698) Daemon: avoid unsafe pidfile truncation (#10608) Daemon: use latest hard fork block for approximate blockchain height (#10580) Daemon: restrict get_alt_blocks_hashes RPC (#10610) Daemon: fix wrong block_weight in handle_get_objects (#10715) Daemon: improve incoming block scan table handling (#10838) Daemon: restore safe sync mode when target height drops (#10598) Daemon: canonicalize Tor and I2P hostnames (#10638, #10704) Daemon: fix dangling iterator in remote host checks (#10649) Daemon: improve duplicate transaction handling in handle_notify_new_transactions (#10836) Daemon: fix use-after-free in txpool prune (#10710) ZMQ: cap aggregate receive size (#10757) ZMQ: apply restricted-mode privacy filtering to get_transaction_pool (#10543) Wallet: store multisig nonce erasure before returning signed txset (#10754) Wallet: hardening against malicious remote nodes (#10773, #10776, #10774) Wallet RPC: add missing trusted daemon check to rescan_spent (#10542) Wallet RPC: fix describe_transfer source entry (#10592) Wallet RPC: preserve payment ID when editing address book (#10590) Wallet RPC: remove unused finalize_multisig endpoint (#10615) Miner: fix thread 0 always using secure JIT (#10743) RandomX: update to v1.2.2 (#10571) Fix memory leak with readline (#10568) Fix memory leak with RandomX integration on Windows (#10546) Various bug fixes and improvements The complete list of changes is available on GitHub, along with the source code.
Contributors for this Release This release was the direct result of 13 people who worked to put out 102 commits containing 1094 new lines of code. We'd like to thank them very much for their time and effort. In no particular order, they are:
jeffro256 tobtoht SNeedlewoods selsta greatjourney589 iuyua9 glv2 alhudz nahuhh woodser ComputeryPony SChernykh j-berman Download The new binaries can be downloaded from the Downloads page or from the direct links below.
Windows, 64-bit Windows, 32-bit macOS, Intel macOS, ARM Linux, 64-bit Linux, 32-bit Linux, armv7 Linux, armv8 Linux, riscv64 Android, armv7 Android, armv8 FreeBSD, 64-bit Hashes If you would like to verify that you have downloaded the correct file, please use the following SHA256 hashes:
monero-win-x64-v0.18.5.1.zip, cf2ae8273977697d9ef2031c7337b781e6e5936578f602444b2990a173a2437d monero-win-x86-v0.18.5.1.zip, f79746868794786ba4ca3c5a30191263ffb0b9a4ab1c0ffcbe30fd5d04986380 monero-mac-x64-v0.18.5.1.tar.bz2, 82e305bbf6128b386571bed173dae316f9dd06c4ee1217c5eda849444bec89a9 monero-mac-armv8-v0.18.5.1.tar.bz2, dba08921841e675384ce019fd7c93b59fe7b1e6edaa0a3cf0e3253e263f61864 monero-linux-x64-v0.18.5.1.tar.bz2, 22a7dda7b0cb699fdd6b7674c3b4a4465b337cc98a54983523b759e1e7cc9958 monero-linux-x86-v0.18.5.1.tar.bz2, 68783d76d9eac543d593ca1bdfa9c7eb540ec6c646acc68421702465c1d86182 monero-linux-armv8-v0.18.5.1.tar.bz2, c0caf042cb7c7b760f5ad6be188084b59352440b32990a78b8051497b9398dbc monero-linux-armv7-v0.18.5.1.tar.bz2, bd6693ac411919d474d98c9e7d7bae1f03e7ef7f1d779a15e2ba3a188c958d36 monero-linux-riscv64-v0.18.5.1.tar.bz2, 28ead34fa4320ea6809f16c4b064d3b430e71caf3155d25677cc624388fc0ee5 monero-android-armv8-v0.18.5.1.tar.bz2, a2c0fb240c5eaa947f5a2382ece4613c59b299645ad4d1480ef24e71b8aa8c8f monero-android-armv7-v0.18.5.1.tar.bz2, daa56844251a9e9f296caaaafcf72c60dade54ae93146085d627ffc883b0fec3 monero-freebsd-x64-v0.18.5.1.tar.bz2, cc32bb64fb577254fe24441e2db0b722dfedff5c953427ffbf396dc16f0feb62 A GPG-signed list of the hashes is at https://www.getmonero.org/downloads/hashes.txt and should be treated as canonical, with the signature checked against the appropriate GPG key in the source code (in /utils/gpg_keys). To ensure that the files you download are those originally posted by the maintainers, you should both check that the hashes of your files match those on the signed list, and that the signature on the list is valid.
Two guides are available to guide you through the verification process: Verify binaries on Windows (beginner) and Verify binaries on Linux, Mac, or Windows command line (advanced).
Overview This is the v0.18.5.1 release of the Monero GUI software. This recommended release includes a large number of bug fixes.
The latest CLI release notes can be found on the precedent blog post
Some highlights of this release are:
Fix a memory safety issue during QR code scanning (#4597) Fix wallet freeze on shutdown edge case (#4603) Prevent CSV formula injection during export (#4609) Apply consistent text escaping across rich text views (#4610) Fix console log spam on startup (#4615) Check wallet file directory is writable during wallet creation (#4617) Add confirmation dialog for unauthenticated OpenAlias (#4618) Fix generic name in desktop file (#4590) Hide update popup during device passphrase prompt (#4623) Set desktop entry ID for the application (#4625) Update P2Pool to v4.17.1 (#4620) Minor bug fixes The complete list of changes is available on GitHub, along with the source code.
Contributors for this Release This release was the direct result of 8 people who worked to put out 48 commits containing 192 new lines of code. We'd like to thank them very much for their time and effort. In no particular order, they are:
tobtoht selsta SChernykh jpk68 City-busz SNeedlewoods plowsof thomasbuilds Download The new binaries can be downloaded from the Downloads page or from the direct links below.
Windows, 64-bit Windows, 64-bit (Installer) macOS, Intel macOS, ARM Linux, 64-bit A complete guide for the GUI wallet is included in the archives, but an online version is available.
Download Hashes If you would like to verify that you have downloaded the correct file, please use the following SHA256 hashes:
monero-gui-win-x64-v0.18.5.1.zip, 9241bb617bc4de37b0c3b2481c234ce39984ba2615fc65991979c189f092c918 monero-gui-install-win-x64-v0.18.5.1.exe, 0c0880b62edf00ee4291b37c4ba32227fd1bc31433d84929eeec1e2862bd1c0f monero-gui-mac-x64-v0.18.5.1.dmg, 1f7b2c3a0e83180267d4c09cbb4f4d14b35c4f3c218abae585f0bb288f8bf01c monero-gui-mac-armv8-v0.18.5.1.dmg, c40a9125a976d7f063216f286976a252eb5a7f26206bd034f25782691786f18c monero-gui-linux-x64-v0.18.5.1.tar.bz2, ecf7f734fb0048896b12f7e04e4f69a0257271f8411c06d30cd701371d2fd155 A GPG-signed list of the hashes is at https://www.getmonero.org/downloads/hashes.txt and should be treated as canonical, with the signature checked against the appropriate GPG key in the source code (in /utils/gpg_keys). To ensure that the files you download are those originally posted by the maintainers, you should both check that the hashes of your files match those on the signed list, and that the signature on the list is valid.
Two guides are available to guide you through the verification process: Verify binaries on Windows (beginner) and Verify binaries on Linux, Mac, or Windows command line (advanced).
The award-winning, world-first crypto debit-and-credit card arrives in Argentina alongside a leadership transition, positioning Buenos Aires as Nexo's regional hub for Latin America.
Buenos Aires, July 08, 2026 — Nexo, the premier digital assets wealth platform, today launched the Nexo Card in Argentina, timed with the appointment of Andres Ondarra as General Manager, Nexo Argentina. These two milestones mark the next stage of Nexo's growth in a market where digital asset adoption runs deeper than almost anywhere else — the highest share of any market surveyed.
The Nexo Card lets clients spend digital assets directly in debit mode or borrow against them as collateral in credit mode, without selling — switching between the two in a single interface. New clients get 10% back on their first swipe, plus additional cashback and milestone rewards worth up to USD 450 in total over their first three months as they earn up to 13% annual interest on idle in-app balances, paid daily. Cardholders also get fee-free ATM withdrawals of up to USD 1,000 and fee-free foreign-currency spending of up to USD 2,000 each month, alongside a monthly rebate on a leading subscription service and annual airport lounge access with fast-track security. The card has been recognized by the Digital Banker Awards, the FinTech Breakthrough Awards, and the PAY360 Awards.
Powerful benefits, no matter how you spend.Spending in ARS and US$: Clients can pay in pesos at home with no currency conversion, or spend US$ at over 100 million merchants worldwide.Borrowing from 1.9% per year: Users can spend against their crypto with the only crypto credit card of its kind in Argentina.Interest on account balance: Nexo clients can receive up to 13% per year on the funds they haven't spent, paid out daily.No monthly, annual, or inactivity fees — plus a monthly allowance of up to US$1,000 in ATM withdrawals.Stay in control at all times: Various ways to manage your spending, balances, and rewards in-app, complete with card freezes, spending controls, and biometric locks.Beyond everyday spending: Clients can unlock airport lounge access, fast-track security, and rebates on subscriptions like Netflix and Spotify as your portfolio grows."Argentine clients have spent a decade making digital assets part of how they manage wealth. The Nexo Card is built precisely for that — letting them spend in debit mode, borrow against their holdings in credit mode, and earn from every transaction, all without having to sell. It's the freedom to live on that wealth, not just hold it," said Andres Ondarra, incoming General Manager, Nexo Argentina.
Ondarra brings more than 25 years of experience across traditional finance, fintech, and crypto in Latin America, including a background in Wall Street investment banking. From August 1, he will lead Nexo Argentina's operations, with a focus on client trust and the company's continued growth in the country.
He succeeds Federico Ogue, who oversaw Nexo's Argentine expansion and is transitioning to a new entrepreneurial venture. "Argentina has one of the most sophisticated crypto and fintech ecosystems in the region, and the work Nexo has done here is something to be proud of. I look forward to passing the baton to Andres, who brings exactly the experience and vision to lead Nexo's next stage of growth in Argentina," said Ogue.
Argentina processed approximately USD 93.9 billion in digital-asset transactions over three years, ranking second in Latin America behind Brazil. With capital already moved into digital assets, the Nexo Card addresses what comes next: everyday utility — spending, borrowing, and earning from those holdings without selling them.
With Buenos Aires now established as a regional hub, Nexo is investing in local infrastructure, sport partnerships — including the AFA — and a local team supporting clients across Latin America. Eligible clients in Argentina can apply for the Nexo Card through the Nexo app and website.
About Nexo
Nexo is a premier digital assets wealth platform designed to empower clients to grow, manage, and preserve their crypto holdings. Nexo’s mission is to lead the next generation of wealth creation by focusing on customer success and delivering tailored solutions that build enduring value, supported by 24/7 client care.
Since 2018, Nexo has provided unmatched opportunities to forward-thinking clients in over 199 jurisdictions. With over $7 billion in client assets and over $430 billion processed, we bring lasting value to millions worldwide. Nexo’s all-in-one platform combines advanced technology with a client-first approach, offering high-yield flexible and fixed-term savings, crypto-backed loans, sophisticated trading tools, and the world's first dual-mode crypto credit-and-debit card. Built on deep industry expertise, a sustainable business model, robust infrastructure, stringent security, and global licensing, Nexo champions innovation and long-lasting prosperity.
Official website: nexo.com
Media contact
Nexo Communications Team — [email protected]
In this patch of your weekly Dispatch:Crypto clarity gets priced inEthereum's next chapter beginsStablecoins hit a record highMarket cast
BTC action turns constructive?Bitcoin's weekly chart is showing early signs of stabilization. Price bounced off the lower Bollinger Band – a volatility indicator, and is now hovering around the 200-period SMA, a key long-term trend indicator. The RSI, a momentum oscillator, sits at very low levels, on the verge of oversold, while the Stochastic, another momentum oscillator, is turning up from oversold territory – hinting that bearish momentum may be starting to fade. The MACD histogram, a trend and momentum indicator, is hovering near the zero line, leaving the broader trend without a clear tilt just yet.
The daily chart tells a more constructive story. Price bounced off the lower Bollinger Band, crossed above the 20-period SMA, and is now heading toward the upper Bollinger Band. The Stochastic lines have moved into overbought territory while RSI sits neutral, and the MACD histogram is deep in positive territory – all pointing to stronger near-term momentum than the weekly picture alone would suggest.
Key levels to watch: On the downside, immediate support sits around $61,000, with the next significant zone near $58,000–$59,000. To the upside, the first resistance comes in around $64,000, followed by $67,000.
The big idea
Regulatory clarity is leading the wayFor most of the past years, crypto traded under a cloud of overlapping unclarity — nobody quite knew where US rates were headed, how the EU would actually enforce the MiCA rulebook, or whether Washington would ever agree on a framework of its own. That fog is lifting gradually, and it's happening on multiple fronts at once.
US: Start with the Fed. Kevin Warsh's first meeting as chair on June 17 came with a shorter, blunter statement and a dot plot showing nine of eighteen officials projecting a hike before year-end — a sharp shift from March's median forecast of a cut. Warsh himself submitted no dot, but the tone was unmistakably hawkish, and futures markets moved with it: traders are now pricing a quarter-point hike as the base case by October. This Wednesday's FOMC minutes are the first real test of how much of that hawkishness holds once the room isn't watching, and June's CPI print on July 14 will matter more than anything said in a press conference. By the July 28–29 decision, markets will know which read was right. The gap to watch: the dot plot moved before the data did, and markets have already followed the dot plot — if inflation cools even modestly between now and the CPI print, that repricing could just as easily reverse.
Europe already has its answer. Since MiCA’s grandfathering period ended on July 1, regulatory clarity has shifted from a policy debate to an economic variable. Authorization now determines who can scale across the EEA, serve, and build durable distribution. With only an estimated 17–20% of the roughly 1,200 previously registered firms making the transition, regulatory approval has become one of the sector’s scarcest assets.
The bar was deliberately high, and the firms that cleared it did the work. As regulatory uncertainty recedes, markets are beginning to recognize that discipline has value. Businesses operating within a predictable legal framework benefit from lower risk premiums, stronger investor confidence, and greater strategic flexibility. In Europe, compliance is no longer simply the cost of doing business—it is becoming a source of competitive advantage and long-term enterprise value.
The US isn't quite there yet, but it's closer than it's ever been. The CLARITY Act cleared the Senate Banking Committee in May, sits on the Senate calendar, and missed its symbolic July 4 target — a timing slip, not a stall. Lawmakers are now eyeing late July or early August, against a shrinking window before recess and midterm politics take over. If it lands, it does for US jurisdiction what MiCA just did for the European Economic Area.
Where does this leave the market? Two of the industry's largest markets– the US and the EU – are moving from "if" to "when" on their regulations within the same year — but the convergence isn't the real story. What matters is that clarity doesn't reward the sector evenly; it rewards preparation and effort. Clarity is becoming the foundation that decides who gets to build in the space.
Ethereum
Ethereum outperforms as its next chapter comes into focusETH was one of the better performers recently, up over to roughly $1,770 at the start of the week, as Bitcoin held firm above $63,000. That put it ahead of most majors, and it came despite wobbly AI stocks and a stronger dollar – two things that usually drag crypto down with them. Ethereum didn't just hold up; it led the pack.
The timing is fitting. Vitalik Buterin just dropped his vision for "Lean Ethereum", a multi-year rebuild he's calling the network's third major era – right up there with the Merge. The headline: a data storage redesign that could slash fees for everyday tokens and apps by 10x or more, no rewrites required. Quantum resistance and privacy are also getting fast-tracked as core priorities, not afterthoughts. Put together, it's a good reminder that Ethereum's momentum isn't only about price – there's real groundwork being laid for the next decade.
TradFi trends
SpaceX joins the Nasdaq-100SpaceX enters the Nasdaq-100 before Tuesday's open, just weeks after its June 12 IPO valued the company near $2 trillion. The stock has since dropped roughly 29% from its all-time high, closing Monday at $160.42.
Funds that automatically track the Nasdaq-100 now have to buy SpaceX shares to keep matching the index – but JPMorgan expects that buying to be modest, since SpaceX only makes up about 1.3% of it, ranking around 21st behind names like Nvidia and Tesla. Meanwhile, early investors and employees start becoming free to sell over the next few months, which could offset much of that buying, with Musk's own stake locked up for a year.
Macroeconomic roundup
Fed minutes, gold dips, and a sliding yenThe big date this week is Wednesday, July 8 – FOMC minutes from last month's meeting. It's the first real window into how new Fed voices are thinking, and whether the hawkish rate outlook still holds up after a soft jobs report. Weekly jobless claims land the next day and could add more fuel either way. Markets are watching closely for any signal on where rates head next.
Elsewhere, JPMorgan just got more cautious on gold, slashing its Q4 2026 target by 25% to $4,500 (from $6,000), citing softer near-term demand – though it's still bullish long-term on central bank buying. And the yen keeps sliding: Goldman Sachs now sees it weakening to 165 per dollar within a year, one of the gloomier calls on Wall Street, as the currency sits at its weakest since 1986.
The week's most interesting data story
Bitcoin buyers are coming backAfter several months of net distribution, Bitcoin's Accumulation Trend Score has shifted meaningfully higher over the past month, with buying activity becoming increasingly broad-based across the investor spectrum. Smaller holders (under 1 BTC) and mid-size wallets (100–1,000 BTC) are showing the strongest accumulation, both nearing peak trend scores. Larger cohorts, including 1,000–10,000 BTC wallets, have also turned net buyers, though with less intensity than earlier in the cycle.
This synchronized improvement across multiple investor groups suggests confidence is gradually rebuilding, with participants increasingly willing to absorb supply near current levels, according to Glassnode analysts. Periods of broad-based accumulation like this have historically provided a constructive foundation for longer-term recoveries, though sustained buying will be key to confirming the trend.
The numbers
The week’s most interesting numbers$265 million — U.S. spot Bitcoin ETFs' largest inflow in over a month on Monday, following July 2's break from an outflow streak.
33x — Upside Standard Chartered sees in Morpho by 2030, with a fresh $60 price target.
$1.79 trillion — Record stablecoin transaction volume in June, up 63% from May and 125% year-over-year.
$150,000 – Bernstein's year-end bitcoin price target, held despite the current 54% drawdown from October's peak.
Hot topic
What the community is discussingA BTC signal from the options markets?
The corporate ETH strategy continues?
The HODLers’ mindset.
Dispatch is a weekly publication by Nexo, designed to help you navigate and take action in the evolving world of digital assets. To share your Dispatch suggestions and comments, email us at [email protected].
Today, we are announcing a new milestone in our journey in Argentina: Andrés Ondarra will be taking the reins as our General Manager for Argentina, reinforcing our commitment to this strategic market for the development of digital asset solutions.
In his new role, Andrés will lead local operations with a focus on strengthening client trust, supporting the responsible adoption of crypto tools, and consolidating our value proposition in the country. He brings more than two decades of experience at the intersection of traditional finance, fintech, and crypto in Latin America, leading regional operations in the digital assets sector. With his previous experience in investment banking on Wall Street and deep knowledge of the Argentine market, Andrés has a strong understanding of the regulatory environment and the ability to scale financial platforms in dynamic and highly competitive contexts.
Argentina is a market with enormous potential for the evolution of digital assets. Taking on this role at Nexo represents a great opportunity to continue building trust, bringing valuable solutions closer to clients, and contributing to the development of a stronger, more inclusive ecosystem. I strongly believe in the impact that fintech and blockchain can have across the region, and I am very excited to join a global team that combines innovation, experience, and a clear service-oriented mindset.
Andrés Ondarra, our new General Manager for Argentina.Handing over the role of General Manager for Nexo Argentina is Federico Ogue, who was instrumental in supporting Nexo’s evolution and presence in Argentina so far. Federico’s role at Nexo will be gradually handed over to Andrés over a one-month smooth transition period, before he moves on to his next project.
Argentina has one of the most sophisticated crypto and fintech ecosystems in the region, and the work we've done here is something to be proud of. The decision to step down comes from my desire to pursue a new entrepreneurial chapter. I look forward to passing on the baton to Andrés, who brings exactly the experience and vision needed to lead Nexo's next stage of growth in Argentina.
Federico OgueWe are extremely grateful to Federico Ogue for what he helped us accomplish so far, and we look forward to seeing Andrés apply his experience, market knowledge, and vision to build on our offering in Argentina and the broader LATAM region.
The ALGO price is sitting at a crossroads. On one side, the daily chart continues flashing warning signs as sellers defend key resistance levels. On the other, Algorand’s network fundamentals are quietly improving, which is creating a disconnect that crypto markets have seen more than once.
Right now, price action is telling one story, while on-chain data is telling another.
Falling Wedge Keeps Bears In ControlTechnically, ALGO price remains trapped inside a long-term falling wedge, repeatedly failing to reclaim the 20day EMA. That persistent bleeding keeps short-term momentum tilted toward the downside.
If selling pressure strengthens and ALGO slips below the $0.0801 support level, the next major downside target sits nears $0.0503. That level is especially important because it aligns with the lower boundary of the falling wedge, which has historically active in 2025 and now in 2026 shows a potential reversal zone if buying demand returns.
However, still the bigger hurdle is still the 200-day EMA. Until ALGO price decisively breaks and closes above that long-term indicator, any recovery attempt risks remaining just another bounce inside a broader downtrend.
Algorand Network Fundamentals Tell A Different StoryALGO price weakness hasn’t been matched by network deterioration. As per the Chainspect Nakamoto Coefficient rankings, Algorand currently ranks as the fourth most decentralized blockchain. The network also operated with 1542 active validators, more than double Solana’ reported 707 validators, highlighting a broader validator distribution.
That decentralization mark isn’t the only good point in Algorand, but it has been accompanied by improving activity across the network.
Algorand Transaction Activity Shows Fresh RecoveryPer the data, Algorand processed nearly 1 million daily transactions during the past 90 days before activity dropped below 500K near the end of June.
Since then, daily transactions have recovered to above 800K, suggesting use engagement has rebounded despite ongoing technical weakness.
For now, the ALGO price remains under pressure, but strengthening decentralization and recovering network activity provide a notable fundamental backdrop. Whether buyers can defend the $0.0801 support or eventually reclaim the 200-day EMA band may determine which narrative wins.
Story Ends Here
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Validator Economics Tightened Under Referenda 1909@Polkadot has activated two governance referenda that mark one of the most significant overhauls of its staking architecture in recent years. The proposals were first introduced on June 23 and approved on July 6, 2026.
Referendum 1909 builds on the previously approved 10,000 $DOT minimum self-stake requirement, adding self-stake rewards, 0% commission, and permissionless chilling for under-bonded validators. This addresses a potential security problem: if a critical number of validators do not have sufficient capital at stake, the security model weakens.
Under the updated reward structure, 22.6% of the Dynamic Allocation Program's budget will be earmarked for validator self-stake incentives, while 45.2% will go toward staker rewards, with a concave weighting model applied to prevent large validators from disproportionately dominating the reward pool.
The chill threshold has been lowered to 32%, enabling permissionless chilling of validators whose self-stake falls below the minimum bond, while a safety floor ensures the active validator set cannot be reduced below a safe minimum through this mechanism. Supporters argue this model better aligns validator interests with overall network health, though critics caution that smaller validators could struggle to remain competitive.
Nominator Liquidity Improves Sharply Under Referendum 1910Referendum 1910 removes nominator slashing and shortens the nominator unbonding period from roughly 28 days to about 48 hours, making staking considerably more flexible. Currently, nominators can face losses if they back validators that violate network rules. By eliminating nominator slashing, Polkadot aims to make staking more accessible and less risky for retail participants, while placing greater responsibility on validators to maintain network security.
Today, Polkadot's unbonding period sits at about 28 days, and official guides warn users they must wait nearly a month before withdrawn $DOT becomes transferable. The new design targets unbonding times of roughly 24 to 48 hours, pushing staking liquidity closer to what traders expect in modern DeFi.
The upgrades went live alongside a roughly 12% price increase in $DOT between July 1 and July 6, though on-chain activity remains thin, suggesting the market may be pricing in the improvements ahead of tangible usage growth.
Sources:
Polkadot SubSquare: Referenda 1909 Official Details
Coinpedia: Major Staking Upgrades Live on Polkadot
The Crypto Times: Polkadot Targets Faster Staking Exits
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.
Practical Hedera workflows from the terminal Hiero CLI is a command-line tool for developers working with the Hedera and Hiero ecosystems. Its purpose is not only to expose individual commands, but also make common Hedera workflows easier to run, repeat, test, and automate from the terminal.
The CLI can be installed globally with npm or Homebrew and used through the hcli command. It’s a tool for interacting with Hedera network, supporting actions such as creating accounts, sending transactions, managing fungible and non-fungible tokens, and working with mainnet, testnet, previewnet, and localnet environments.
The most useful way to think about Hiero CLI is this: Hiero CLI helps developers perform common Hedera operations quickly and consistently without writing one-off SDK scripts for every account, token, contract, network, or transaction workflow.
This document focuses only on the most important capabilities that are already described in the public repository, plugin documentation, or observable CLI examples.
1. Network and operator setup One of the strongest practical use cases for Hiero CLI is working across different Hedera environments. Developers often need to switch between mainnet, testnet, previewnet and localnet depending on whether they are building a proof of concept, preparing a demo, testing locally, or running real network operations.
Developers can set a default network, configure an operator for a specific network, or use the global –network / -N flag to run a single command against a different network without changing the default configuration.
Example:
hcli network use --global testnet hcli hbar transfer --amount 1 --to 0.0.789012 --network mainnet This is useful for teams that mostly work on testnet or localnet, but occasionally need to run specific commands against another environment. It also reduces the risk of constantly editing configuration files or maintaining separate scripts for each network.
1.1 Secure key and credential handling Because many CLI operations require signing transactions, secure handling of private keys is an important part of the developer workflow. Hiero CLI supports key references stored in its local credential system. These references use the kr_xxx format and can be used in commands instead of passing inline accountId:privateKey pairs every time.
This is useful because developers can configure credentials once and then reuse stored references across workflows. It also reduces the need to paste private keys directly into shell commands, scripts, or shared documentation.
Hiero CLI also exposes configuration for the default key manager, including local and local_encrypted options. For real workflows, teams should prefer stored credential references and avoid exposing private keys in terminal history, CI logs, or copied command examples.
2. Account, HBAR, and token workflows Many Hedera workflows start with accounts and basic transfers. Hiero CLI provides commands for creating, importing, listing, viewing, deleting, and checking the balance of accounts. It also supports HBAR transfers.
Example:
hcli account create --balance 10 --name alice hcli account balance --account alice hcli hbar transfer --to 0.0.123456 --amount 1 This is especially useful for preparing demos, integration tests, or proof-of-concept environments. Instead of writing a custom SDK script to create accounts, fund them, and check balances, a developer can run the required operations directly from the terminal.
Hiero CLI is also useful for token lifecycle workflows. The Token Plugin supports operations for fungible tokens and non-fungible tokens, including token creation, association, minting, and transfers.
Example fungible token flow:
hcli token create-ft \ --name demo-token \ --token-name "Demo Token" \ --symbol "DMT" \ --treasury alice \ --decimals 2 \ --initial-supply 1000 \ --supply-type FINITE \ --max-supply 10000 hcli token associate --token demo-token --account bob hcli token transfer-ft \ --token demo-token \ --from alice \ --to bob \ --amount 100 This kind of workflow is a strong fit for Hiero CLI because it represents a real developer need: creating a token, associating it with another account, transferring it, and verifying that the result is correct. These steps are common in testing, demos, tutorials, and early product development.
The CLI also returns readable command output, including values such as token IDs, transaction IDs, network information, and success status. This makes the tool useful not only for execution, but also for documentation and demo scenarios where the result needs to be clearly shown.
3. Smart contracts, batch transactions, and scheduled transactions Hiero CLI also supports more advanced workflows, including smart contract deployment, batch transactions, and scheduled transactions.
For smart contracts, the simplest path is to use one of the built-in default contract templates. This allows a user to deploy a sample contract without preparing a Solidity file or setting up a separate contract project.
For example, a developer can deploy a built-in ERC-20 contract template like this:
hcli contract create --name my-token --default erc20 Or deploy a built-in ERC-721 contract template like this:
hcli contract create --name my-nft --default erc721 After deployment, Hiero CLI can also interact with standard ERC-20 and ERC-721 contract functions exposed by those specifications. For ERC-20 contracts, this includes common calls such as name, symbol, decimals, totalSupply, balanceOf, allowance, transfer, transferFrom, and approve. For ERC-721 contracts, this includes functions such as name, symbol, balanceOf, ownerOf, tokenURI, getApproved, isApprovedForAll, approve, setApprovalForAll, transferFrom, and safeTransferFrom.
This makes the contract workflow easier to demonstrate, especially for first-time users. After the CLI is configured and the operator account has enough funds, the user can deploy a sample contract with a short command. For more advanced use cases, Hiero CLI can also deploy and verify a custom Solidity file, but the built-in templates are the better starting point for a short introductory workflow.
Hiero CLI also works with batch transactions for documented commands. A batch can group supported operations and execute them together as an atomic transaction.
Example:
hcli batch create --name token-demo-batch --key alice hcli token associate --token token-a --account bob --batch token-demo-batch hcli batch execute --name token-demo-batch Scheduled transactions are supported as well. They are useful when a supported transaction should be created first and then signed, verified, or completed later.
The key point is that these features should be described accurately: not every command can be batched or scheduled, but Hiero CLI enables these workflows for specific documented commands.
4. Plugin-based architecture Hiero CLI is built around a plugin architecture. The public repository describes default plugins for areas such as accounts, tokens, networks, HBAR, credentials, topics, configuration, contracts, ERC-20, ERC-721, swaps, batches, and schedules.
This matters because Hiero CLI is not only a fixed set of commands. It is also designed as an extensible framework for organizing Hedera-related command-line functionality.
The plugin architecture helps keep functionality consistent across the CLI. Instead of every new feature becoming a separate script with its own conventions, plugins can use shared services for network configuration, state management, output formatting, logging, account operations, token operations, transaction execution, and other core capabilities.
For developers and maintainers, this is one of the most important long-term strengths of Hiero CLI. It gives the ecosystem a structured way to add new command-line capabilities (new plugins) while keeping the developer experience consistent.
Another important advantage is that developers are not limited to the default plugin set. Hiero CLI can be extended with community plugins created as separate projects. A team can build a custom plugin with its own commands, business logic, and state, and then register it in the CLI through the plugin-management plugin.
For example, a custom plugin can be added from a local project path:
hcli plugin-management add --path /path/to/my-custom-plugin This makes Hiero CLI useful not only as a ready-made developer tool, but also as a foundation for ecosystem-specific automation and custom workflows.
5. AI-agent ready workflows and skills Hiero CLI is also prepared for AI-assisted developer workflows. The repository includes structured skill files that describe how agents should use the CLI, including command syntax, global flags, plugin references, common workflows, and recovery steps for common errors.
This matters because an AI agent can use those skill definitions to understand how to run hcli commands more safely and consistently instead of guessing command names or options. The same idea also applies to extensibility: the repository includes a dedicated skill for scaffolding community plugins, which helps agents guide developers through creating a standalone plugin project.
In practice, this makes Hiero CLI easier to use in agent-assisted environments, where the agent can help configure networks, create accounts, deploy contracts, run token workflows, or scaffold new plugins based on documented CLI behavior.
6. How Hiero CLI compares to other blockchain CLIs Many blockchain ecosystems have their own command-line tools. Solana has its own CLI for wallet, configuration, transfer, and cluster workflows. Ethereum developers often use tools such as Hardhat or Foundry for smart contract development, testing, deployment, and EVM interaction.
Hiero CLI should not be described as a generic replacement for those tools. Its value is more specific. It packages Hedera and Hiero workflows into a single terminal-based tool.
That is where Hiero CLI is strongest: not as a universal blockchain CLI, but as a practical developer tool for working with Hedera workflows consistently from the terminal.
Uniswap just plugged Sky Ecosystem’s LitePSM directly into its routing engine, which means traders swapping between stablecoins like USDS, DAI, and USDC can now do so with zero slippage.
The integration is the latest piece of the “Stablecoin FX Layer” initiative, a collaboration between Spark, Uniswap, and Sky Ecosystem that launched in June 2026 with a clear goal: make stablecoin trading on-chain work more like traditional FX markets, where large swaps between pegged assets don’t move the price.
How LitePSM actually works Think of LitePSM as a vending machine for stablecoins. Instead of matching buyers and sellers in a liquidity pool, it maintains pre-minted pools of tokens that can be swapped at fixed rates. You put in USDS, you get USDC. No curve, no slippage, no drama.
In more technical terms, LitePSM is a gas-optimized evolution of MakerDAO’s original Peg Stability Module. The key innovation is that it bypasses direct interactions with the Vat, MakerDAO’s core accounting engine, which makes transactions cheaper and faster. Governance-set parameters like buf, tin, and tout control the module’s operations, regulating buffer sizes and fee structures.
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The module had already proven itself through integrations with other DeFi aggregators. CoW Swap, Paraswap, and Kyber were all routing trades through LitePSM before Uniswap came on board.
As part of the rollout, Spark migrated approximately $150 million in USDS liquidity to Uniswap v4 pools on June 25, 2026. This effectively establishes USDS as a central quoting asset for multi-issuer stablecoin trades, including pairs with USDT and PYUSD.
The numbers behind the expansion USDS circulation currently sits at approximately $10.3 billion. Sky’s governance has proposed doubling the USDC buffer for LitePSM from $400 million to $800 million.
That buffer is the war chest of USDC that LitePSM holds to facilitate instant swaps. When someone wants to convert USDS to USDC, the module draws from this buffer. Doubling it signals that demand for these swaps is outpacing the current infrastructure’s capacity.
The $150 million liquidity migration to Uniswap v4 positions USDS not just as another stablecoin competing for market share, but as a routing hub. When Uniswap’s algorithm looks for the best path to execute a trade between, say, USDT and PYUSD, it can now route through USDS via LitePSM, potentially offering better execution than traditional AMM pools.
What this means for traders and the broader market For regular users, the benefit is straightforward. Swapping between major stablecoins on Uniswap just got cheaper and more predictable. The routing engine will automatically detect when LitePSM offers a better rate than traditional pools and send the trade accordingly.
For larger players, institutional desks, DAOs managing treasuries, protocols rebalancing reserves, zero-slippage execution on stablecoin pairs at scale removes one of the persistent friction points that has kept some institutional volume on centralized exchanges.
The proposed buffer increase from $400 million to $800 million represents a significant capital commitment. At $10.3 billion in current circulation, the buffer would represent roughly 7.8% of outstanding USDS.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Uniswap has integrated a new routing infrastructure that connects transactions involving DAI, USDS and USDC directly to Sky’s LitePeg stability module. Thanks to this update, the platform now allows users to swap between these three stablecoins at a precise 1:1 parity. The move is designed to reduce slippage in transactions and lessen reliance on external market makers.
New routing mechanism goes liveLitePeg serves as a mechanism that ensures transitions among DAI, USDS and USDC are automatically executed at parity. By leveraging this system in transaction steps involving these stablecoins, Uniswap can minimize price impact and tap into deeper liquidity pools. This advancement enables direct access to millions of dollars worth of reserves held in Sky’s system.
Mini glossary: LitePeg is a liquidity and balancing mechanism designed to execute swaps between select stablecoin pairs at a fixed rate. Sky, formerly known as Maker, continues to issue DAI and USDS under its new brand.
The integration involved Uniswap Labs, the Uniswap DAO and Sky. Notably, no new smart contract was deployed for this change. Instead, the update was implemented through a revision of routing logic on the UniswapX layer, affecting how transactions are handled by the router.
With routing now handled by LitePeg, each transaction step involving DAI, USDS or USDC on Uniswap can complete at parity, according to information provided by the project team.
Aim: Minimizing price impact in stablecoin transactionsA significant share of DeFi trading volume comes from stablecoin pairs. Executing these trades at direct parity could help investors avoid unwanted price impact and reduce the risk of MEV (maximal extractable value) exploitation. For developers, this shift is crucial for standardizing stablecoin liquidity across Ethereum and prominent layer-2 networks.
Sky’s Peg Stability Module reportedly provides hundreds of millions of dollars in liquidity depth, helping to limit transaction costs on Uniswap. This structure could prove particularly advantageous for aggregator platforms and institutional traders seeking more efficient trading paths.
Sky’s Peg Stability Module enables transitions between DAI, USDS and USDC with substantial depth, ensuring trades are completed with minimal price drift, the company stated.
Wider implications for Sky and the DeFi ecosystemFor Sky, the integration means DAI and USDS are no longer confined to lending activities; they now play an active role in decentralized exchange flows. This reveals a trend among some protocols to retain stablecoin liquidity internally rather than outsourcing it to external providers.
Looking ahead, the industry will be watching to see whether similar models are adopted by other decentralized exchanges. Additional topics under consideration include expanding asset support, enabling cross-chain routing, and how regulators will approach such stability modules in the future.
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.
@Dfinity's Internet Computer protocol ($ICP) reached a new weekly activity peak on Tuesday after processing more than 98.3 million transactions in a single day, according to data tracked by @ChainspectApp. The figure marks a record for the network and adds to a string of throughput milestones logged by the protocol in 2026.
Sustained Throughput, Not Just a One-Day Spike The record daily figure sits within a broader pattern of rising on-chain activity. The Internet Computer network recently sustained over 1,089 transactions per second for a continuous 24-hour period, with peaks reaching 1,300 TPS, demonstrating an ability to maintain enterprise-grade throughput rather than achieve short-lived peaks. According to ChainSpect's real-time tracker, Internet Computer has averaged 2,554 transactions per second over a recent week, more than double Solana's 1,153.
Over the past 180 days, Internet Computer processed approximately 75.7 billion transactions, with daily counts rising from roughly 300 to 350 million at the start of that period to peaks approaching 750 to 800 million in May. Even after that spike, the network has consistently maintained daily activity well above earlier levels, indicating that usage remains elevated rather than being a one-off event.
Developer Migration Driving On-Chain Demand @ChainspectApp metrics confirm that $ICP is sustaining record-level throughput as developers migrate complex workloads to on-chain environments. The protocol's architecture is designed to accommodate that shift. Dfinity uses a subnet-based architecture to scale horizontally, enabling multiple subnets to process tasks in parallel, making its performance closer to that of distributed cloud services. Internet Computer uses a reverse gas model where developers pre-pay computation costs in cycles burned from ICP tokens.
Recent infrastructure upgrades have also expanded the network's capacity. The DFINITY Foundation rolled out a major upgrade that doubled storage capacity across all 47 subnets, allowing applications to handle larger workloads and bringing total Internet Computer capacity to 94 TiB, with each subnet now supporting 2 TiB of replicated state. GitHub commits saw growth of 37% month over month in Q4 2025 and Q1 2026 as developers gained confidence in the improved infrastructure.
The throughput record arrives alongside activity on the DeFi front. A public rollout of MULTI/DEX is currently underway, where participants use dummy assets to stress-test the protocol's architecture, replicating the speed and liquidity of centralized exchanges, with the outcome to be submitted to the Network Nervous System for a vote on permanent, autonomous execution. A successful launch would demonstrate that ownerless, on-chain DeFi can rival centralized exchange performance, potentially attracting significant liquidity and boosting the network's DeFi TVL, which has grown to over $250 million in 2026.
Sources
BanklessTimes: Internet Computer ICP Tests Key Resistance After 11% Move
CoinMarketCap: Latest Internet Computer News and Network Updates
Internet Computer Dashboard (Official Network Stats)
Solana News: The Solana Foundation has appointed Michael Coates, Twitter’s first-ever Chief Information Security Officer and a veteran of Mozilla and enterprise SaaS security, as its new CISO, a hire that signals the Foundation is treating security as a boardroom priority rather than an engineering footnote.
Coates announced the move on X on July 7, 2026, describing it as a new chapter driven by his longstanding draw to fast-moving new frontiers.
DISCOVER: Best Meme Coin ICOs to Invest in 2026
Solana News: Why Coates Chose Solana The draw, according to Coates, was scale. He cited Solana’s tens of billions of dollars in daily stablecoin volume and its position processing more transactions each day than most of the cryptocurrency industry combined as the deciding factors.
He also pointed to the launch of SpaceX tokenized shares on Solana on the same day the asset debuted on Nasdaq, a data point that illustrates how quickly real-world financial activity is migrating to the network.
Big Update for me – a new chapter and I'm now CISO of @SolanaFndn .
I've always been drawn to fast moving new frontiers. Head of Security of Mozilla during the height of the browser wars, the first CISO of Twitter as they burst onto the world's stage, and even as a startup… pic.twitter.com/nrxtpxIKqZ
— Michael Coates (@_mwc) July 7, 2026
That activity has been building steadily. According to 99Bitcoins, Solana’s decentralized application revenue has reportedly grown for nine consecutive quarters, giving institutional participants and builders an increasingly compelling case for committing infrastructure to the chain.
Coates is walking into a network already operating at significant financial and transactional scale, which is precisely why the security role carries real weight.
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A Resume Built for This Moment Coates’s background is unusually well-matched to the crypto security challenge. He served as Head of Security at Mozilla during the browser competition era, then became Twitter’s inaugural CISO as the platform scaled to hundreds of millions of users, building the security function from scratch against organized cybercrime and nation-state adversaries.
He later founded Altitude Networks, a cloud data security startup focused on SaaS document theft prevention, which was acquired by CoinList. That acquisition brought Coates into the crypto sector directly, where he gained experience with crypto infrastructure before his move to Solana.
He also testified before Congress earlier this year on AI and cybersecurity, covering both the offensive risks that AI poses to digital security and the defensive potential of AI capabilities when used effectively, as he noted in his remarks. Both sides of that equation are directly relevant to his new role.
What He Will Actually Do At the Solana Foundation, Coates said his remit spans three areas: strengthening operational security across the network, improving application security practices for builders, and engaging with policymakers and standards bodies on cybersecurity regulation affecting the crypto sector. He described the current threat environment plainly – attackers remain heavily motivated to steal digital assets, and malicious uses of artificial intelligence are becoming an increasing concern.
The governance infrastructure Coates will help protect has grown more sophisticated in recent months. Solana’s on-chain governance framework reportedly includes staker override mechanisms that give token holders a direct check on validator behavior, the kind of decentralized coordination system that requires hardened operational security to function as designed.
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Alex Ioannou
On-Chain Journalist
Alex is a seasoned cryptocurrency trader and market analyst with over seven years of active experience in the digital asset space. Since entering the markets in 2017, Alex has specialized in identifying emerging "meta" trends and high-volatility narratives. Notably, Alex... Read More
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Last week, approximately $40 million in assets were transferred to the Solana blockchain from other chains, as reported by SolanaFloor. This development highlights a growing trend of cross-chain inflows into Solana amid a broader movement of liquidity toward the network. Solana has seen nearly $500 million in bridged assets this month, with a significant portion originating from Ethereum. These inflows suggest a sustained interest in Solana’s DeFi and stablecoin ecosystem, which has been gaining traction for its high-performance capabilities.
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Key Takeaways Recent asset inflows into Solana appear to be consistent with increased interest in its blockchain ecosystem. Market pricing suggests this movement could moderately boost the probability of Solana reaching the $90 target in July. The steady migration of liquidity to Solana may indicate ongoing confidence in its DeFi and stablecoin infrastructure. What to Watch Watch for any further increases in asset inflows to Solana, as continued growth could reinforce the current pricing outlook. Key indicators include potential announcements regarding new financial products on Solana or significant upgrades to the network’s capacity. Developments in these areas could be supportive of scenarios where Solana achieves higher price targets in the coming weeks.
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Term Structure
Contract Odds Δ since publish Volume 24h August 1 2026 31% — — View market → August 1 2026 0.9% — — View market → August 1 2026 0.1% — — View market → August 1 2026 3.8% — — View market → August 1 2026 1.8% — — View market → August 1 2026 0.9% — — View market → August 1 2026 10% — — View market → August 1 2026 1% — — View market → August 1 2026 17% — — View market → August 1 2026 0.2% — — View market → August 1 2026 3.2% — — View market → August 1 2026 0.1% — — View market →
A wallet named Ansem-2 spent $233,000 to buy 2.79 million Cash Cat (CASHCAT) tokens within three hours. On-chain data links the wallet to a Solana address tied to trader Ansem (@blknoiz06).
The Solana address, CLM6E4zpTviEC77nWKogpVLQoXx9tgoQCYJ8NibxKg1Q, holds 10.5 million The Black Bull (ANSEM) tokens. It has generated roughly $2.6 million in past ANSEM profits. Ansem has not confirmed any link to the purchase.
A Fast, Targeted CASHCAT BuyBlockchain analytics firm Lookonchain flagged the transaction on July 8. The wallet, labeled “Ansem-2” and starting with 0x6f5b, moved quickly, accumulating 2.79 million CASHCAT tokens in under three hours.
CASHCAT trading volume topped $73 million in the past 24 hours, underscoring active speculative interest. The token ranks 283rd by market capitalization and carries a circulating supply of nearly 1 billion coins. The purchase, therefore, represents a meaningful slice of daily volume, not a token launch bet.
Meanwhile, Solana’s meme coin sector has stayed active through July. That backdrop gives fresh CASHCAT buying extra visibility among traders who track large wallets.
CASHCAT Price Performance. Source: BeInCrypto MarketsWallet Trail Points to AnsemInvestigators tied the EVM wallet to CLM6E4 through shared transaction patterns. Neither address carries an official label. The Solana wallet’s 10.5 million ANSEM tokens are worth roughly $3.2 million at current prices.
That stake sits inside The Black Bull’s recent volatility. The token surged earlier after Ansem pledged weekly creator fee airdrops to holders. It has since fallen 28% in a day yet remains up more than 130% over the past week.
Historically, the wallet has turned a $2.6 million profit trading ANSEM. Lookonchain reported that figure alongside the wallet’s current holdings. That record suggests the CASHCAT purchase may follow a similar pattern, not a random bet. Traders who monitor Ansem-linked wallets often treat his moves as an early signal.
Speculation Without ConfirmationNo public statement from Ansem confirms the wallet belongs to him. Attribution therefore stays speculative, resting entirely on on-chain analysis rather than a verified claim.
Ansem has stayed active elsewhere. He recently pushed Pump.fun to approve a $300 million token airdrop. He argued that Ethereum faces a worse spot than 2023, a view some traders disputed.
If the wallet does belong to him, the CASHCAT position adds another data point. Traders already watch his record closely, and confirmation, so far, has not arrived. That gap between suspicion and proof keeps CASHCAT under the spotlight for now.
Bitcoin and altcoins continue to experience volatile movements due to both geopolitical and macroeconomic factors.
While predicting both bullish and bearish trends for BTC and altcoins, the latest analysis comes from expert analyst Michaël van de Poppe.
Poppe, covering Bitcoin, Ethereum, and Solana, shared his analysis from his X account.
Ethereum is a Better Investment Option Than Bitcoin! First, he stated that Ethereum is a better investment option than Bitcoin in the future.
The analyst noted that Ethereum has been remarkably resilient despite recent declines, returning to an uptrend for the first time in a year.
In this context, Poppe added that Ethereum maintained its position without experiencing a significant drop during Bitcoin’s recent correction.
Secondly, the analyst who examined Bitcoin stated that there is still no problem with the outlook for BTC.
According to the analyst, the BTC price continues to trade above $60,000 despite the renewed outbreak of war in the Middle East.
At this point, the analyst stated that the critical level for BTC is $61,000.
The analyst also said that Bitcoin has either reached its bottom or is going through an accumulation phase.
Finally, the analyst stated that he expects a correction in Bitcoin and altcoins in September/October, followed by a new major uptrend across all markets in the fourth quarter.
What’s the Situation in Solana? Poppe recently reviewed Solana and stated that he maintains his positive outlook for SOL.
The analyst notes that Solana is still in an uptrend, stating that the year-long downtrend against Bitcoin has been broken.
In this context, the analyst stated that he does not expect this trend to stop, and believes it is only a matter of time before the SOL price trades above $100 again.
The analyst, who argued that SOL should be in everyone’s portfolio, said that the situation is actually simple:
“SOL is in an uptrend against the Dollar and BTC.
Buy the dip when it falls 10-30% against BTC.”
*This is not investment advice.
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Solana’s ETF story keeps gaining weight. The latest Bitwise-linked filing puts SOL more firmly into the institutional product conversation, even if approval is still a separate and much harder question.
The useful way to read this is not as a guaranteed price signal, but as a fresh piece of information in a market that is trying to sort real developments from noise. For Solana, that matters because it keeps moving the asset out of the purely crypto-native lane. The more firms that file, the more serious the market has to be about SOL as a potential institutional allocation product.
For more details, visit the official SEC platform.
TL;DR A Bitwise-linked Solana ETF filing has entered the regulatory queue.The filing adds to the growing race to bring SOL exposure into US fund wrappers.Solana is increasingly being treated as the next serious test for crypto ETFs beyond Bitcoin and Ethereum. Why the filing matters ETF filings are not approvals, but they are signals. They show that issuers believe there is enough demand, enough legal argument, and enough market infrastructure to justify pushing the product forward.
For Solana, that matters because it keeps moving the asset out of the purely crypto-native lane. The more firms that file, the more serious the market has to be about SOL as a potential institutional allocation product.
The Market Read Avoid saying approval is likely; focus on the queue and issuer interest.
That is the balance readers need to keep in mind. Crypto markets are quick to turn every update into a single-direction trade, but most durable stories are more layered than that. They matter because they change positioning, incentives, infrastructure, or regulation over time.
What Comes Into Focus Now From here, the important thing is follow-through. If the source data, company update, filing, or on-chain record continues to move in the same direction, this can become part of a larger trend. If it stalls, it is still useful as a snapshot of where attention is sitting today.
For traders and readers, the cleaner takeaway is to separate the confirmed development from the speculation around it. The confirmed part is what deserves coverage. The speculation is what needs caution.
For Solana readers specifically, the story is useful because it gives a clearer frame for the next few sessions. It tells them what to watch, which part of the market is reacting, and where the first obvious risk sits. That is more valuable than simply saying a token, company, or regulator has made a move. The useful work is in connecting the update to liquidity, positioning, adoption, enforcement, or user behaviour without pretending that any single headline controls the whole market.
The practical question now is whether this remains an isolated update or becomes part of a chain of follow-through. A second filing, another wallet move, fresh dashboard data, a new governance vote, or a stronger market reaction can all turn a clean single-day story into a broader narrative. Without that follow-through, it still matters, but more as a marker of where attention was concentrated on July 8 than as a complete trend on its own.
That distinction is especially important in a market where headlines can travel faster than context. A source-backed update gives readers something firmer to work with, but it does not remove liquidity risk, execution risk, or the chance that traders fade the initial reaction once the first wave of attention passes.
In that sense, the headline is only the starting point. The better read is to watch how builders, exchanges, funds, wallets, regulators, or large holders respond after the first announcement has moved through the feed.
This report is based on information from sec.gov.
This article was written by the News Desk and edited by Samuel Rae.
Solana’s ETF story keeps gaining weight. The latest Bitwise-linked filing puts SOL more firmly into the institutional product conversation, even if approval is still a separate and much harder question.
The useful way to read this is not as a guaranteed price signal, but as a fresh piece of information in a market that is trying to sort real developments from noise. For Solana, that matters because it keeps moving the asset out of the purely crypto-native lane. The more firms that file, the more serious the market has to be about SOL as a potential institutional allocation product.
For more details, visit the official SEC platform.
TL;DR A Bitwise-linked Solana ETF filing has entered the regulatory queue.The filing adds to the growing race to bring SOL exposure into US fund wrappers.Solana is increasingly being treated as the next serious test for crypto ETFs beyond Bitcoin and Ethereum. Why the filing matters ETF filings are not approvals, but they are signals. They show that issuers believe there is enough demand, enough legal argument, and enough market infrastructure to justify pushing the product forward.
For Solana, that matters because it keeps moving the asset out of the purely crypto-native lane. The more firms that file, the more serious the market has to be about SOL as a potential institutional allocation product.
The Market Read Avoid saying approval is likely; focus on the queue and issuer interest.
That is the balance readers need to keep in mind. Crypto markets are quick to turn every update into a single-direction trade, but most durable stories are more layered than that. They matter because they change positioning, incentives, infrastructure, or regulation over time.
What Comes Into Focus Now From here, the important thing is follow-through. If the source data, company update, filing, or on-chain record continues to move in the same direction, this can become part of a larger trend. If it stalls, it is still useful as a snapshot of where attention is sitting today.
For traders and readers, the cleaner takeaway is to separate the confirmed development from the speculation around it. The confirmed part is what deserves coverage. The speculation is what needs caution.
For Solana readers specifically, the story is useful because it gives a clearer frame for the next few sessions. It tells them what to watch, which part of the market is reacting, and where the first obvious risk sits. That is more valuable than simply saying a token, company, or regulator has made a move. The useful work is in connecting the update to liquidity, positioning, adoption, enforcement, or user behaviour without pretending that any single headline controls the whole market.
The practical question now is whether this remains an isolated update or becomes part of a chain of follow-through. A second filing, another wallet move, fresh dashboard data, a new governance vote, or a stronger market reaction can all turn a clean single-day story into a broader narrative. Without that follow-through, it still matters, but more as a marker of where attention was concentrated on July 8 than as a complete trend on its own.
That distinction is especially important in a market where headlines can travel faster than context. A source-backed update gives readers something firmer to work with, but it does not remove liquidity risk, execution risk, or the chance that traders fade the initial reaction once the first wave of attention passes.
In that sense, the headline is only the starting point. The better read is to watch how builders, exchanges, funds, wallets, regulators, or large holders respond after the first announcement has moved through the feed.
This report is based on information from sec.gov.
This article was written by the News Desk and edited by Samuel Rae.
Folarin Balogun told American soccer fans “we let you down” after the US men’s national team was bounced from the 2026 FIFA World Cup in a 4-1 Round of 16 loss to Belgium on July 7. The apology, posted to Instagram, was heartfelt. But for crypto traders, the real action had already happened off the pitch.
The drama surrounding Balogun’s eligibility in the days before the Belgium match sent prediction markets into overdrive. Trading volumes reportedly reached into the hundreds of thousands as bettors wagered on whether the 25-year-old striker would even be allowed to play. A Solana-based meme token called $BALOGUN also emerged during the chaos, turning a sports controversy into yet another speculative vehicle for retail traders.
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The eligibility saga that launched a meme coin Balogun had picked up a red card during an earlier group-stage match against Bosnia and Herzegovina, which initially resulted in a FIFA ban that would have sidelined him for the knockout round.
FIFA ultimately lifted the suspension under a probationary agreement just days before the Belgium match. That reversal was reportedly influenced by external pressure, including intervention from President Donald Trump.
The $BALOGUN meme token on Solana surged during the eligibility drama. Prediction markets lit up as traders priced in the likelihood of Balogun’s reinstatement in real time, with trading volumes hitting hundreds of thousands of dollars.
Three goals and a bitter exit Balogun scored three goals during the World Cup, marking himself as one of the breakout stars of the competition. This was his first World Cup appearance, a detail he emphasized in his social media apology.
The 4-1 scoreline against Belgium was brutal. His post-match message focused on the pain of knowing it would be four years before the team gets another shot at the tournament.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
The fragile calm between the US and Iran didn’t survive the week. Fresh American airstrikes ended what had been a tenuous ceasefire, sending oil prices sharply higher and triggering a broad selloff across every asset class that carries even a whiff of risk. Crypto, predictably, was not spared.
Bitcoin dropped below $62K on Wednesday, shedding 3.3% in 24 hours. Ethereum fared worse, falling 4.2% to trade near $1,700. Solana took the hardest hit among major tokens, sliding 6.8% to around $76. XRP dipped below $1.10. The Fear & Greed Index, which measures overall crypto market sentiment, sits at 20, firmly in “Extreme Fear” territory.
What happened and why it matters Here’s the thing about geopolitical shocks: they don’t need to directly involve crypto to crush crypto. The transmission mechanism is straightforward. Military escalation in the Middle East pushes oil prices up. Higher oil prices mean higher inflation expectations. Higher inflation expectations mean the Federal Reserve is less likely to cut rates anytime soon. And rate cut expectations are basically rocket fuel for risk assets, crypto included.
The S&P 500 and Nasdaq both dropped on Wednesday as traders recalibrated their positions. When equities sell off on geopolitical fear, crypto tends to follow with extra volatility, like a smaller boat getting tossed around in the same storm that rocks the larger ships.
The correlation between Bitcoin and traditional risk assets has been a persistent theme this cycle. For all the talk of Bitcoin as “digital gold” or an uncorrelated hedge, it continues to trade like a high-beta tech stock when fear spikes. Wednesday was a textbook example.
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Oil’s jump is particularly important to watch. Energy prices feed directly into consumer price data, which feeds directly into Fed policy decisions, which feeds directly into how much liquidity is sloshing around for speculative assets. It’s a chain reaction, and the first domino just got knocked over.
The broader context Look, this selloff didn’t happen in a vacuum. The crypto market was already on shaky ground. The Fear & Greed Index was at 11 just last week, which is about as terrified as the metric gets. It’s now at 20. In English: sentiment went from “hiding under the bed” to merely “extremely nervous.” Progress, technically, but not the kind anyone celebrates.
Bitcoin’s 7-day change actually shows a 3.6% gain, according to CoinGecko data, which means the token had been climbing before Wednesday’s geopolitical news wiped out a chunk of those gains. That’s the frustrating part for bulls. The market was trying to recover, and then the real world intervened.
The top-performing crypto category over the past seven days was DeFi, which managed a grand total of 0.0% change. When the best sector in your market is the one that didn’t move at all, you know conditions are rough.
Solana’s 6.8% daily decline is worth noting because it illustrates how lower-cap majors tend to amplify Bitcoin’s moves. When BTC drops 3%, SOL drops nearly 7%. That leverage works both ways, of course, but during risk-off episodes it’s cold comfort to SOL holders.
What this means for investors The immediate question is whether this escalation represents a one-off shock or the beginning of a sustained period of elevated geopolitical risk. Markets can digest single events relatively quickly. An extended military campaign between two major powers is a different beast entirely, one that would keep oil elevated, inflation expectations high, and central bankers hawkish for longer than anyone in crypto wants to think about.
For crypto specifically, the $62K level for Bitcoin becomes a key area to watch. If it holds as support on a closing basis, the dip could end up being a buying opportunity in hindsight. If it breaks convincingly lower, the next leg down could get ugly fast, especially with sentiment already deep in fear territory.
There’s also the matter of positioning. Extreme Fear readings on the sentiment index have historically preceded local bottoms in crypto. Warren Buffett’s old line about being greedy when others are fearful gets thrown around a lot, but it’s worth remembering that the index was at 11 last week and the market still found a way to get worse. Fear can persist longer than contrarian traders expect.
The risk-reward calculus here depends almost entirely on variables outside crypto’s control. Oil prices, diplomatic developments, and Fed rhetoric will drive the next move more than any on-chain metric or technical pattern. For investors who believe the geopolitical situation will de-escalate, current prices could look attractive in a few weeks. For those who think this is just the opening chapter of a broader conflict, capital preservation becomes the priority.
Either way, Wednesday was a reminder that crypto doesn’t exist in a bubble. When jets fly, tokens fall.
Disclosure: This article was edited by Estefano Gomez. For more information on how we create and review content, see our Editorial Policy.
According to official announcements, prediction market platform World has announced it will migrate from Solana to the Robinhood Chain. As previously reported, World officially launched on July 1.
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Solana is about to get significantly faster. The network’s upcoming Alpenglow upgrade, targeting a mainnet launch in the third quarter of 2026, promises to reduce transaction finality times from roughly 12.8 seconds down to 100-150 milliseconds.
Solana co-founder Anatoly Yakovenko confirmed in May 2026 that mainnet deployment is on track for Q3 2026, following successful testing on a community test cluster. The upgrade has been in the works since at least September 2025, when governance proposal SIMD-0326 passed with 98.27% approval from stakeholders, with roughly 52% of all staked tokens participating in the vote.
What Alpenglow actually changes The upgrade, led by Anza, an engineering team focused on Solana’s core infrastructure, replaces two of Solana’s most fundamental consensus mechanisms. Out go Proof of History and Tower Byzantine Fault Tolerance, the original technical pillars of the network. In their place come two new systems called Votor and Rotor.
One of the most consequential changes is the removal of on-chain vote transactions. Under the current system, validators continuously broadcast votes to the network as a form of consensus signaling. Those votes consume meaningful network resources. Eliminating them simplifies the network’s processing load and frees up capacity for actual user transactions.
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Alpenglow is currently live on a community test cluster and is expected to roll out under the Agave 4.1 client.
Why 150 milliseconds matters more than it sounds Human reaction time is roughly 200-250 milliseconds. A transaction settling in 100-150 milliseconds means Solana finalizes trades faster than a person can physically react to pressing a button.
High-frequency trading desks that operate on Solana currently have to build latency into their strategies to account for finality windows. Shrinking that window by roughly 100 times gives those operations far more room to work with, and makes Solana substantially more competitive with centralized exchanges that already operate at sub-second speeds.
DeFi protocols face a similar calculus. Liquidation engines, automated market makers, and oracle-dependent applications all perform better when the chain underneath them settles faster. Slower finality means wider safety margins have to be built into protocol design, which in turn means less capital efficiency for users. Faster finality allows protocols to tighten those margins without increasing risk.
Tokenized assets, whether they represent Treasury bills, equities, or real estate, require settlement reliability that mirrors or exceeds traditional finance infrastructure. A 150-millisecond finality window is a credible answer to institutional settlement requirements in a way that a 12.8-second window simply is not.
What investors should watch The governance vote passing with 98.27% approval is about as close to unanimous as blockchain governance gets. Contentious upgrades typically see significant dissent, lengthy forum debates, and sometimes competing forks. Alpenglow had none of that.
The removal of on-chain vote transactions is particularly worth monitoring. It streamlines validator operations and could reduce the cost of running a validator, which may affect the distribution and composition of the validator set over time. Staking mechanisms are preserved under the upgrade’s design, but the economics of validation shift when a major cost center is removed.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Crypto markets declined earlier today, Wednesday, July 8, after renewed military action between Iran and the United States weighed on investor sentiment.
President Donald Trump said the recent ceasefire with Iran was "over" after fresh exchanges of airstrikes. Speaking alongside NATO Secretary General Mark Rutte at the NATO summit in Ankara, Trump said the agreement was no longer in effect. He later added that the United States would likely strike Iran again tonight, accusing Iran of violating the ceasefire.
WTI crude oil climbed more than 5% to over $75 per barrel, while Bitcoin fell to an intraday low near $61,800 before trading around $62,000, down roughly 2% over the past 24 hours.
Liquidations Accelerate the Selloff The decline triggered widespread liquidations across the crypto market. According to CoinGlass, 139,860 traders were liquidated over the past 24 hours, totaling $396.88 million. More than $300 million came from long positions as falling prices forced leveraged traders to exit.
Altcoins also came under pressure. Solana dropped below $77 and traded about 5.8% lower over the same period.
ETF Inflows Offer a Different Signal Despite weaker prices, institutional investors continued adding exposure to Bitcoin. U.S. spot Bitcoin ETFs recorded $21.44 million in net inflows on Tuesday, July 7, extending a three-day streak that also included inflows of $265.69 million on July 6 and $221.72 million on July 2. It marked the first three-day inflow run since record ETF outflows began in June.
BlackRock's $IBIT led the latest session with $54.8 million in inflows, offsetting withdrawals from Fidelity's $FBTC and $ARKB. Total Bitcoin ETF assets have recovered to $77.26 billion from a June 30 low of $70.95 billion.
While the inflows remain modest compared with earlier in the year, they ended the record streak of ETF outflows that dominated June and suggest the relentless institutional selling may have run its course. Markets will now watch the upcoming U.S. inflation data and the Federal Reserve's late July meeting for confirmation that the recovery can continue.
Solana Fundamentals Remain Resilient Although Solana declined alongside the broader market, several underlying indicators continued to improve. Spot Solana ETFs attracted $5.74 million in net inflows over the past week, one of their strongest weekly performances in 5 weeks. Total net inflows have now reached $1.15 billion.
Cross chain activity also remained healthy, with nearly $40 million worth of assets bridged to Solana during the past week.
Network usage has also stayed strong. Earlier this week, Solana reclaimed the top position among all blockchains in daily Network Real Economic Value after 4 months. The network recently surpassed 1 billion weekly non-vote transactions and delivered record Q2 results across tokenized equities, dApp revenue, and perpetual futures trading.
For now, investors appear to be balancing improving long term market participation against near term geopolitical risks that continue to drive volatility across both traditional and digital asset markets.
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The price of Solana (SOL) has declined below $77, coinciding with the collapse of the Iran ceasefire and a drop in Bitcoin (BTC) to $62,000. The renewed geopolitical tensions have led to a sharp reversal in crypto markets, reflecting broader market concerns over energy security and potential inflationary pressures. Solana’s price is currently between $76.96 and $78.47 as analysts reassess the impact of these developments on risk assets. The market pricing appears to be consistent with a decrease in Solana’s prospects, as the coin struggles to maintain its previous support level.
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Key Takeaways Market behavior suggests that Solana’s price prospects are negatively impacted by the collapse of the Iran ceasefire. The current geopolitical situation appears to have contributed to a broader decline in cryptocurrency values, including Bitcoin. Solana’s fall below the $77 support level is seen by analysts as a potential indicator for further declines. What to Watch Monitor geopolitical developments closely, particularly any further escalations or resolutions that could impact global markets. Additionally, the market’s response to Solana’s price movements around the $63–$65 zone will be crucial in determining the short-term outlook. If Solana fails to recover above its previous support level, it may indicate prolonged market concerns over risk assets.
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Contract Odds Δ since publish Volume 24h August 1 2026 30.5% — — View market → August 1 2026 0.7% — — View market → August 1 2026 0.1% — — View market → August 1 2026 4.2% — — View market → August 1 2026 1.8% — — View market → August 1 2026 0.8% — — View market → August 1 2026 10% — — View market → August 1 2026 1% — — View market → August 1 2026 15.5% — — View market → August 1 2026 0.2% — — View market → August 1 2026 3.1% — — View market → August 1 2026 0.1% — — View market →
Solana’s private transaction flow debate has once again reared its ugly head, with analyst 8bit0 surfacing data that suggests two of Solana’s biggest validators, Helius and Kiln, are running private inclusion lanes.
Despite the alarmist framing of the data, ecosystem leaders have pushed back on claims that private inclusion lanes are inherently malicious.
Some contributors have posited that MCP implementation could offer a solution, while rival RPC providers already offer some protection against private inclusion lanes
Analyst Claims Solana Validators are Running Private Transaction Lanes Helius and Kiln, two of Solana’s leading validators, have been accused of running private transaction inclusion lanes, allegedly servicing a backrunning MEV bot. Unlike traditional sandwich bots, backrunning bots execute trades directly behind the target transaction, attempting to profit from the state change that follows big swaps.
According to 8bit0’s analysis, Helius and Kiln validators consistently gave the wallet preferential servicing, with inclusion rates on transactions without priority fees sitting at between 80-84%, over 3x higher than the average of 25%.
While backrunning is widely considered to be a relatively benign form of MEV, detractors argue that private transaction lanes set a bad precedent. Representatives of rival RPC providers assert that private transaction lanes make Solana’s micro market structure more unpredictable, which inhibits market maker’s ability to quote efficiently.
Additionally, private lanes introduce a degree of opacity to the ecosystem. There’s nothing to suggest that Helius or Kiln is profiting from private inclusion services. However, network participants have no way of verifying that private companies are not accepting private order flow deals from third-parties, adding a layer of trust to what is designed to be a transparent and open protocol.
Anza’s Trent.sol Argues Anything Within Protocol is Permissible Ecosystem leaders have been quick to debunk and challenge 8bit0’s data. Helius CEO Mert Mumtaz has previously explained that backrunning “is productive” and “not toxic to the user in any way”. Historically, Helius has been forthcoming about enabling backrunning transactions, allowing operators to opt-in to receive rebates on earnings generated via these techniques.
Other network contributors, like Anza’s trent.sol and Temporal’s cavemanloverboy, have downplayed the allegedly malicious activity. Ecosystem leaders opine that anything permitted by the protocol is essentially fair game, which actively incentivizes core developers to ensure the network is as resilient against exploitable flaws as possible.
Ultimately, stakers should also remember that their $SOL represents an extension of their values. If stakers are displeased with the behaviour of certain validators, they are perfectly capable of reallocating $SOL to operators who align with their beliefs.
MCP Touted as a Solution to Private Lanes While private transaction lanes have temporarily divided the Solana community, experts have suggested that multiple concurrent proposers (MCP) could present a solution. BloxRoute CEO Uri Klarman argues that MCP implementation would discourage leaders from ignoring high fee transactions in favor of their own, resulting in more predictable ordering and inclusion.
However, the timeline for MCP implementation is still undefined. Currently, Anza’s Constellation is the network’s only publicly drafted proposal, and experts are still undecided on whether this implementation is the best path forward.
In the immediate term, Triton’s Yellowstone Shield product allows users to be selective about which validators are able to process their transactions.
Meanwhile, some experts argue that the backrunning debacle is a complete non-issue, stating that validators are simply rebating value back to users instead of claiming it for themselves.
Read More on SolanaFloor Sanctum records 11 consecutive quarters of $SOL-denominated TVL growth
Sanctum Mobile App Attracts Over 9,000 Users Following Strong Launch Week
DeFi Development Corp, which trades on Nasdaq under the DFDV ticker, has transferred the daily management of DisclaimerCoin, its memecoin launched in January 2026, to a new team. The company announced that the administration of the token, listed as DONT, will now be overseen by Daniel Reis Faria, CEO of ZeroStack Holdings, alongside a specialized team focused exclusively on the project.
Leadership transition to a new teamThis move signals a new phase for DONT holders, who will now see the token’s development managed under a fresh leadership structure. While DeFi Development Corp will retain a significant share of the project’s treasury, day-to-day operational decisions and management responsibility have been handed over to the incoming team.
Under the leadership of Daniel Reis Faria, the new team will be responsible for administering the DONT tokens allocated for ecosystem growth and community initiatives. According to figures published on the project website, this allocation represents 21.1% of the total supply.
Glossary: ZeroStack Holdings is the company referred to in the article, with Daniel Reis Faria serving as CEO. The term “treasury share” refers to token holdings kept on the project or company’s own balance sheet.
DeFi Development Corp will continue to hold approximately 31.6% of the total DONT supply. The company reiterated its original commitment to maintain its treasury share on a permanent basis, stating it will not relinquish this position.
PartyRoleShareNew teamManages ecosystem, growth, and community allocations21.1%DeFi Development CorpRetains treasury share31.6%Daniel Reis Faria stated on X that he is excited to help support the success and adoption of $DONT.
Reasons for the handover and company backgroundThe relationship between DeFi Development Corp and ZeroStack is not new. Back in September 2025, both companies established a strategic partnership aimed at accelerating institutional adoption of Solana through DeFi Development Corp’s Treasury Accelerator program. The company cited this history of collaboration as the main reason behind transferring token management responsibilities.
According to the company, this step marks a new phase in the structure of a memecoin created by a publicly traded firm. Rather than exiting the project entirely, DeFi Development Corp has chosen to remain involved as a treasury holder.
The structure of DONT and recent market developmentsDONT was originally designed as a tongue-in-cheek project, openly declaring on its website that the token lacks conventional value, use cases, and a forward-looking roadmap. The site also explicitly confirms the absence of a whitepaper, technical documentation, or investment pitch materials.
HCMC CEO Jeff Holman commented that DONT brings a much-needed level of transparency, accountability, and alignment of interests to the memecoin market.
On the day of the announcement, shares of DeFi Development Corp traded at $3.19. The company’s market capitalization currently stands near $96 million, and its stock price has dropped roughly 84% over the past year. Following the announcement, the shares declined by an additional 6.7%.
This management change follows HCMC’s recent acquisition of DONT as a treasury asset. Under the RAGE initiative, HCMC also purchased 420,000 Eyes on Monitor (EOM) tokens as a second digital asset position.
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.
Pump.fun added trading for Robinhood Chain tokens and prediction market World said it will migrate from Solana, as CEO Vlad Tenev reversed course to call the RWA-focused chain 'great for memes.' The biggest jump in value locked, though, came from an Ethena stablecoin deposit.
Robinhood Chain's onchain activity surged this week as a memecoin frenzy, a Pump.fun integration and a defecting Solana app converged on the barely week-old network — even as its largest single inflow traced to a stablecoin deposit rather than the meme trade.
Cumulative addresses on the Arbitrum-based Layer 2 climbed toward 200,000 and protocol total value locked reached roughly $234 million, according to a network overview dashboard published by Entropy Advisors on Dune.
The chain went live to the public on July 1, meaning nearly all of that growth was compressed into the past week, with activity accelerating over the last two days.
Robinhood active addresses. Source: Dune AnalyticsTenev's About-FaceThe tone shift came from the top. In a post on X late on July 7, Chief Executive Vlad Tenev wrote: "While we're building robinhood chain to be the best chain for RWA … it works great for memes too."
The comment reversed a position Tenev had staked out days earlier. In a July 2 CNBC interview tied to the mainnet launch, he had described memecoins as largely a dead end, arguing that assets without utility do not serve a lasting purpose and that tokenized real-world assets were the more durable direction for crypto.
Robinhood has marketed the chain as infrastructure for tokenized equities and other RWAs since it switched on the mainnet at a London keynote billed as "Robinhood Presents: The World Is Flat," with day-one integrations from Uniswap, Chainlink, Alchemy and BitGo. The Defiant covered the launch in detail here.
Pump.fun Routes Traders InSolana launchpad Pump.fun added support for Robinhood Chain tokens on July 8, lowering the friction for traders chasing the network's memecoins.
"Robinhood tokens are now available to trade on the Pumpfun app!" the platform wrote on X, citing "no bridging," trading "seamlessly in SOL," and the ability to "trade every trending Robinhood token."
Co-founder Alon Cohen framed the move as an extension of the app's existing multichain tool rather than a standalone feature.
"The pump fun app is not just for pump fun coins; it covers all of your cross-chain trading. trade Robinhood tokens now. 0% fees on Solana," he posted.
World Defects From SolanaRobinhood Chain also notched an ecosystem win at Solana's expense. World, the onchain prediction market that launched on Solana on July 1 and runs inside the Phantom wallet, said it would relocate to the new network.
"world has made the decision to migrate off of solana and onto @RobinhoodCrypto chain," the team posted on X on July 8, describing the move as a "tactful pivot" made "after careful deliberation" over the prior 24 hours and thanking the Solana foundation and community.
CASHCAT Leads the Meme WaveThe token drawing the most attention is CASHCAT, which references "Cash Cat," an early mascot from Robinhood's history as a stock-trading app. CASHCAT trades against Robinhood Chain's Uniswap V3 deployment.
It traded around $0.1373 on July 8, up about 1,320% over 24 hours, with a market capitalization near $137 million and 24-hour trading volume of roughly $194 million, according to CoinGecko. The token swung between $0.0089 and $0.1475 during the session.
Adoption Climbs From a Standing StartBeyond the memecoin trade, the dashboard shows broad-based growth in usage. Daily active addresses spiked to tens of thousands in early July from near-zero during the testnet phase in mid-June, and cumulative unique addresses approached 200,000.
Decentralized exchange volume was a standout, peaking near $400 million in a single day on July 7, with the bulk routed through Uniswap V3 and V4 alongside PancakeSwap V3, per the Dune data. Transaction fees on the chain remained low, averaging about $0.005 per transaction at a gas price near 0.021 Gwei.
Robinhood Chain DEX Volume. Source: Dune AnalyticsEthena Deposit, Not Memes, Drove the TVL JumpDespite the meme activity, the single largest driver of Robinhood Chain's TVL was a stablecoin deposit. Ethena seeded roughly $50 million into a Steakhouse Financial-curated USDG vault on Morpho, the lending protocol that powers Robinhood Earn, the app's onchain yield product offering an estimated 7% APY on USDG.
That inflow pushed protocol TVL up more than 160% in a single day, DefiLlama data showed, with Morpho accounting for the bulk of the network's tracked DeFi liquidity and stablecoins — mostly USDG — making up the majority of onchain value.
Robinhood Chain TVL. Source: Dune AnalyticsThe split points to two stories unfolding on the chain at once: institutional stablecoin and lending flows building the balance sheet, and a retail memecoin rush, now amplified by Pump.fun, driving transaction counts and active users. Conflating the two overstates the role of the meme trade in the headline TVL figure.
RWAs Still a SliverFor all the chain's real-world-asset framing, tokenized RWAs remained a small share of activity. The total tokenized value of assets such as U.S. Treasuries, stocks, ETFs and commodities stood at roughly $12.8 million — a fraction of the stablecoin and lending balances driving headline TVL.
Robinhood's Stock Tokens, tokenized debt securities that track U.S. equities and ETFs without conferring shareholder rights, are available in more than 120 countries but not to U.S. persons.
That gap illustrates the pattern playing out across Robinhood Chain's first week: speculative trading and yield-seeking stablecoin deposits are seeding early liquidity and activity, while the tokenized-securities use case the network was built for is still ramping.
Just days after $ANSEM ripped to a $400M market cap and reignited the trenches, Solana’s memecoin traders are rotating to crypto newest, shiniest, network.
Off the back of a tweet from CEO Vlad Tenev pledging support and enthusiasm for memes, trading volume has exploded on the recently-launched Robinhood L2.
While traders are racing to bridge funds to the new chain, the unfolding meta is reminiscent of 2025’s BNB Chain season, which struggled to maintain momentum and ended with traders rotating back to Solana DeFi.
Robinhood Memecoin Volumes Challenge Solana Trenches Officially launched on July 1st, Robinhood Chain is starting to gain momentum. After a relatively slow first week, a rogue tweet from CEO Vlad Tenev suggesting that the chain was “great for memes”, opened the floodgates to crypto’s most speculative traders, setting the network’s memecoins on a blistering run.
$CASHCAT, a meme coined after RobinHood’s original name, has captured the vast majority of trader attention and capital flows. After humming along quietly at a market cap of $4-6M all week, Tenev’s tweet sent millions in buy pressure towards the chain’s biggest meme, which soared to an all-time high of $140M in a matter of hours.
As is often the case in the meme economy, one coin’s success comes at another’s peril. Where Robinhood’s $CASHCAT gained $100M in FDV, Solana’s $ANSEM has lost ~28%, tumbling from highs of $428M to currently exchange hands at a market cap of $278M.
But for all the attention and liquidity moving to Robinhood chain, Solana still holds a comfortable lead on its newest challenger. Onchain data suggests that where RobinHood has recorded over $405M in 24-hour trading volume, Solana still reigns supreme, with its memecoin sector capturing over $440M in the same timespan.
That being said, Robinhood chain is growing at an impressive trajectory. Of 91,000 active addresses, over 50,000 accounts are new wallets, suggesting a strong mix of new and returning users.
For all the talk of cross-chain rivalries, the Solana community has embraced the prospect of fertile new ground for trading. Pump.fun, Solana’s viral launchpad and trading platform has wasted no time integrating Robinhood chain, evidently eager to offer the emerging network to its users.
Is Robinhood Season Different from 2025’s BNB Week? With Robinhood chain stealing mindshare and attention from Solana’s onchain economy, traders are not yet convinced that today’s influx of activity will transform into an enduring ecosystem.
This is hardly the first instance of traders rotating liquidity to rival chains to chase emerging metas. In October 2025, BNB Chain briefly became the center of memecoin trading activity, before traders eventually bridged funds back to Solana as the meta lost momentum.
While still in the early days, Robinhood offers little that would differentiate itself from rival chains at a technical level. However, the chain arguably benefits from the TradFi platform’s immense Web2 distribution, and could see emerging coins expedited to a listing on Robinhood’s principal exchange.
Read More on SolanaFloor Helius and Kiln come under fire for allegedly enabling backrunning bots
Ecosystem Leaders Push Back on Criticism over “Private Inclusion” Lanes
Alvarez & Marsal, a global restructuring advisory firm, has reportedly accepted its first client payment in USDC using the Solana blockchain, according to a social media post. This development marks a significant milestone for Solana, which has been gaining traction as a network for high-volume USDC transactions. Solana processes over 31% of global USDC transactions, and with fees averaging under $0.001, it is recognized for its speed and cost-efficiency. The move by Alvarez & Marsal could suggest increased institutional adoption of Solana for financial transactions.
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Key Takeaways The acceptance of USDC payments by Alvarez & Marsal on Solana appears to indicate growing institutional adoption of the network. Solana’s network processes a significant share of global USDC transactions, which may be viewed as supportive of increased network utility. Market participants might see this development as consistent with scenarios where Solana’s price could rise, although the source’s reliability as Tier 3 could moderate impacts. What to Watch Market observers should monitor whether other institutions follow Alvarez & Marsal’s lead in adopting Solana for USDC transactions, which could further influence market sentiment. Additionally, any announcements by major financial entities, such as Visa or Mastercard, regarding their use of Solana for settlements could impact the market. As the end of July approaches, the behavior of Solana’s price and transaction volumes will be critical indicators of the market’s response to this development.
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Term Structure
Contract Odds Δ since publish Volume 24h August 1 2026 30% — — View market → August 1 2026 0.7% — — View market → August 1 2026 0.1% — — View market → August 1 2026 4.2% — — View market → August 1 2026 1.8% — — View market → August 1 2026 0.8% — — View market → August 1 2026 10% — — View market → August 1 2026 1% — — View market → August 1 2026 15% — — View market → August 1 2026 0.2% — — View market → August 1 2026 2.8% — — View market → August 1 2026 0.1% — — View market →
A fresh controversy has emerged within the Shiba Inu ecosystem after a community figure alleged that the network’s recent surge in wallet addresses does not reflect genuine adoption.
The development follows a sharp increase in Shiba Inu’s holder count. Earlier this month, the figure also surpassed the 1.6 million milestone. Since July 4, SHIB has added more than 75,000 wallet addresses, pushing the total number of holders to 1,675,551 (1.67 million).
At first glance, the rapid growth signals rising adoption. However, The Dark Shib argued that the increase stems from an automated distribution mechanism rather than new investors joining the ecosystem.
Analyst Questions SHIB Holder Count Growth According to The Dark Shib, the activity originates from TheShibBull, a verified smart contract created by decentralized exchange WoofSwap. The analyst claimed that the contract generates new wallet addresses and sends them small amounts of SHIB, causing blockchain tracking platforms to recognize those addresses as token holders.
Specifically, Dark Shib alleged that the contract uses blockchain data, including block hashes, to generate random Ethereum addresses before distributing as little as 1 SHIB to hundreds of wallets in each transaction.
As a result, the holder count increases even though the addresses do not belong to users who intentionally purchased SHIB, actively participate in the ecosystem, or contribute to network activity.
The analyst stressed that wallet count alone does not accurately measure adoption. According to him, inactive wallets holding negligible amounts of SHIB should not be treated as evidence of genuine community expansion.
Marketing Strategy? The analyst also questioned the contract’s administrative features, claiming that its owner can modify the amount of SHIB distributed and withdraw tokens held within the contract. Consequently, Dark Shib argued that the initiative cannot be viewed as a fully decentralized community effort.
Furthermore, the community member criticized WoofSwap for promoting SHIB holder milestones while simultaneously drawing attention to its RYOSHI token. The analyst suggested that the rising holder count may have been used as a marketing strategy to increase visibility for the affiliated project.
WoofSwap Defends TheShibBull Initiative WoofSwap rejected the allegations and defended TheShibBull as a lighthearted community initiative rather than an attempt to mislead investors.
In response, the DEX argued that although the contract sends 1 SHIB to randomly generated wallets, anyone who eventually controls one of those addresses could discover the deposited tokens.
Moreover, WoofSwap said the initiative was intended to make the SHIB community more enjoyable rather than contribute to ongoing disputes. The project encouraged developers to build creative experiences for SHIB rather than criticizing existing initiatives, describing TheShibBull as a fun experiment designed to celebrate the ecosystem.
That's a pretty interesting take!
Faking holder addresses doesn't make the whole thing useless.
Those wallets are randomly generated anyway. If someone actually claims one, they'll open it and find 1 SHIB waiting inside. Pretty fun, right?
We should do more stuff like this. It… https://t.co/JijrUgFbaP
— WOOF (@woofswap) July 6, 2026
Shiba Inu Holder Distribution Reveals Strong Whale Dominance Meanwhile, Shiba Inu’s holder count increased by another 0.002% over the past 24 hours, reaching 1,675,551 addresses. Despite the expanding holder base, ownership remains concentrated among a relatively small number of large wallets.
Data from Etherscan shows that whales account for just 707 wallets, representing 0.04% of all holders, yet they control 94.52% of SHIB’s market cap of $2.55 billion.
In comparison, sharks comprise 2,861 wallets (0.17%) and hold 1.77% of the market cap, while dolphins represent 29,833 addresses (1.78%) and control 1.89% of the token’s value.
Smaller investors make up the overwhelming majority of SHIB holders. Fish wallets total 188,958 addresses (11.28%) and collectively control 1.35% of the market cap. Crabs account for 479,350 wallets (28.61%) and hold 0.41%.
Meanwhile, shrimp remains the largest holder category by wallet count. They comprise 973,906 addresses, representing 58.12% of all SHIB holders, but collectively control just 0.05% of the token’s market capitalization.
Shiba Inu Tier Distribution Overall, the distribution highlights a significant gap between Shiba Inu’s expanding holder count and its ownership structure, as a small group of whale wallets continues to dominate the vast majority of the token’s market exposure.
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.
The broader Shiba Inu community has gone a full month without an active voice from the core team after Lucie, the ecosystem’s pseudonymous marketing lead and most active representative, disappeared from X.
For years, Lucie served as the primary bridge of communication between the Shiba Inu team and its community. However, she has not posted or interacted on the platform for exactly one month. As a result, the ecosystem currently lacks a regularly active team member on X, even as holders continue to seek updates on ongoing developments.
According to her X profile, Lucie’s last activity occurred on June 9, when she reposted a message from community figure Sand announcing that the ShibaSwap website had started loading again. Since then, she has remained completely silent, with no posts, replies, or reposts.
Lucie reposted A Familiar Voice Falls Silent Over the years, Lucie earned widespread respect within the Shiba Inu community through her consistent engagement. She regularly shared ecosystem updates, addressed community concerns, and encouraged holders during challenging market conditions.
In addition, she repeatedly expressed confidence in SHIB’s long-term prospects. On several occasions, Lucie argued that $0.01 remains a realistic long-term target. She also suggested that a future move toward $1 should not be ruled out, while emphasizing that achieving such milestones would require patience and continued ecosystem growth.
Due to her consistent presence, many community members came to view Lucie as the project’s most accessible public representative.
Lucie Joins Other Silent Shiba Inu Leaders Lucie’s disappearance also reflects a broader pattern of inactivity among prominent Shiba Inu team members.
Lead developer and ambassador Shytoshi Kusama has not posted on X since May 13. At the time, he posted a message of admiration for fellow developer Kaal Dhairya. Meanwhile, Kaal Dhairya has also remained inactive on the platform since March 12, 2026.
Unlike Lucie, Kusama’s absence has a known explanation. He previously revealed that he has been focusing on an artificial intelligence initiative called R. OS, an independent project that operates outside the Shiba Inu ecosystem.
Nonetheless, the prolonged silence from several key figures has left the community with little direct communication from the project’s leadership.
Silence Comes as the Ecosystem Faces Growing Challenges The communication gap comes at a particularly difficult time for the Shiba Inu ecosystem.
Several ecosystem projects remain unfinished, while internal disagreements have sparked fresh debates within the community. Meanwhile, the prices of major ecosystem tokens have continued to decline.
SHIB has fallen sharply in recent months, dropping out of the top 30 cryptocurrencies by market cap and trading below $0.0000045. Likewise, the ecosystem’s governance token, BONE, has struggled to regain momentum. After reaching an all-time high of $41.67, the token has plunged by 99.89% and now trades at around $0.045.
Against this backdrop, the continued silence from Lucie and other leading team members has fueled growing concern among some community members, many of whom await fresh updates and a clearer roadmap for the future of the Shiba Inu ecosystem.
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.
Shiba Inu burned more than 110 million $SHIB on July 8, marking the largest single-day total in six months, according to Shibburn. Weekly burns have climbed to 152 million SHIB over the same period, adding fresh momentum to the token's long-running deflationary story.
A Burn Mechanism Built on a Historic Foundation Token burning works by sending SHIB to a wallet address that no one can access, permanently removing those tokens from circulation. Each transaction on the Shiba Inu network contributes a small portion of its fee to this process, making burns a continuous, community-driven activity.
The practice has deep roots. In May 2021, Ethereum co-founder Vitalik Buterin burned 90% of his SHIB holdings, worth $6.7 billion at the time, sending more than 410 trillion tokens to a dead blockchain address and taking them out of circulation. Buterin had been given half of SHIB's total supply in what appeared to be a marketing stunt. That single event remains the defining moment in SHIB's deflationary history and accounts for the vast majority of all tokens ever burned.
Since its inception, Shiba Inu has burned over 410 trillion tokens, shrinking its initial one quadrillion supply by more than 40%.
Scale vs. Supply: The Ongoing Challenge Despite the uptick in daily activity, the numbers remain modest relative to SHIB's enormous circulating supply. The circulating supply currently stands at approximately 584 to 585 trillion tokens, out of a total supply of around 589 trillion. Against that backdrop, a daily burn of 110 million tokens moves the needle only slightly.
The SHIB burn mechanism is a key deflationary strategy aimed at reducing the circulating supply in hopes of driving up demand and, ultimately, the token's market value. However, historical data indicate that burn spikes do not guarantee price appreciation, and SHIB has previously seen burn rates surge by thousands of percentage points without triggering a corresponding rally.
For now, the six-month high in daily burns signals renewed community activity, but a material shift in supply dynamics would require a sustained increase in volume well beyond current levels.
Sources:
CoinDesk: Vitalik Buterin Burns $6B in SHIB Tokens, May 2021
U.Today: SHIB Burned as Shiba Inu Deflation Mechanism Continues
Shiba Inu (CRYPTO: SHIB) burned 117.53 million tokens on July 8, its largest single-day burn in six months, but SHIB still fell 4% as the meme coin sector hit its lowest market share since February 2024.
Why The Burn Didn’t Move The PriceThe 117.53 million tokens burned Tuesday translated to roughly $517 in value destroyed, a number that looks large in token count but tiny relative to SHIB’s total circulating supply.
Over the past 30 days, the community burned 228.31 million tokens worth just $1,021 combined, confirming the burns are generating social media buzz without creating any meaningful supply pressure on price.
CoinDesk data shows meme coins have fallen to just 3.7% of total altcoin market cap, down from a peak above 10% during November 2024’s meme coin season and the lowest share since February 2024.
Meanwhile, SHIB is down nearly 9% over the past month despite the burn activity.
Derivatives Show Bulls Getting Punished On Every BounceOpen interest dropped 9.13% to $26.67 million, near multi-year lows, while volume spiked 29.92% Tuesday.
That combination points to traders paying attention in the short term without actually committing real money to the move.
The long/short ratio looks almost even at 0.9543, but the liquidation numbers tell a different story.
Bulls lost $191.36 thousand in forced liquidations over the past 24 hours while bears lost just $7.64 thousand. Every time SHIB bounces, the buyers are getting squeezed out before any rally can stick.
Coins are also leaving exchanges, which normally signals holders pulling back rather than selling. The problem is no fresh buying is replacing them. Until open interest starts climbing alongside price, any move higher lacks the fuel to sustain itself.
RSI Divergence Is The One Signal Worth WatchingSHIB trades at $0.00000420, locked in a descending channel since late May and below all four EMAs in a fully bearish stack.
The standout signal is an RSI bull divergence, where price printed a lower low in July while RSI printed a higher low at 32.10. The same setup preceded the April to May recovery rally.
A daily close above the 20 EMA at $0.00000444 would be the first early sign of a momentum shift.
Until that confirms, the divergence alone is not a trigger. Resistance sits at the 50 EMA at $0.00000483 and the 100 EMA at $0.00000534, with $0.00000400 as the channel floor and psychological support below.
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A long-standing member of the Shiba Inu community, known as Mazrael, has issued a renewed warning to SHIB users regarding obsolete domain names associated with the ecosystem. According to his latest statement, these addresses—no longer managed by the project—should not be considered official access points for Shiba Inu services.
Shib.io now the official portalMazrael emphasized that Shib.io serves as the core portal for the Shiba Inu ecosystem, including ShibaSwap and Shibarium. He urged users to rely solely on this address and to carefully verify all official links for security reasons before interacting with the ecosystem or its products.
Glossary: Shibarium is a layer-2 blockchain network developed for the Shiba Inu ecosystem. ShibaSwap is the ecosystem’s decentralized trading application.
This warning extends beyond general ecosystem addresses. Mazrael also reminded the community about the domain name previously associated with the Shib The Metaverse virtual world project, clarifying its current status and management.
Shib The Metaverse domain no longer managed by projectAccording to Mazrael, the domain name tied to the Shib The Metaverse project is no longer owned or administered by the Shiba Inu core team. He cautioned that this address could potentially be purchased by third parties in the future, or repurposed for entirely different objectives.
For your safety, do not assume that any future content appearing at this domain is affiliated with the SHIB ecosystem.
This warning points to the risks of interacting with apparently official websites that are no longer connected to the project. Particularly after the decommissioning of older domain names, users are encouraged not to use these addresses for accessing official Shiba Inu services.
Verification urged before connecting walletsMazrael also noted that if Shib The Metaverse is relaunched, access is expected to be provided through Shib.io, rather than via an independent domain. This approach aims to centralize all official connections under a single, verified platform within the SHIB ecosystem.
When Shib The Metaverse becomes available again, access is expected to be through Shib.io, not any separate domain name.
His message to the community stressed the importance of double-checking links before connecting wallets, confirming transactions, or entering sensitive information. The risk remains particularly high that unofficial sites may emerge after old domains are decommissioned, targeting unsuspecting users.
Originating as a meme coin, Shiba Inu has grown over time into a larger crypto ecosystem, bringing together components like ShibaSwap, Shibarium, and metaverse initiatives. The latest warning is intended to clarify the project’s official access channels and reinforce user security.
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.
TLDRLegacy Domains Lose Official RoleShibTheMetaverse Domain Raises Security IssueShib.io Main GatewayGet 3 Free Stock Ebooks Mazrael reminded the Shiba Inu community that legacy ecosystem domains have been decommissioned. Shib.io now serves as the main official gateway for ShibaSwap, Shibarium, and ecosystem updates. The former ShibTheMetaverse domain is no longer owned or managed by the Shiba Inu team. Mazrael warned users not to assume future content on old domains is linked to the SHIB ecosystem. The update aims to help users avoid unofficial websites, wallet risks, and misleading links. Shiba Inu users received a security reminder after community veteran Mazrael flagged retired ecosystem domains. He said Shib.io now serves as the main portal for services. The notice explains why old links can no longer guide users safely.
Legacy Domains Lose Official Role Mazrael told the Shiba Inu community that legacy domains no longer serve the project. He said the team has decommissioned those web addresses. Therefore, users should avoid treating old links as trusted entry points.
The reminder covers access to ShibaSwap, Shibarium, and other ecosystem resources. Mazrael directed users to Shib.io for official navigation. He also urged the community to “stay safu” while checking links.
Old domains can still appear in saved bookmarks and online posts. However, ownership changes can make familiar addresses risky. The Shiba Inu warning aims to reduce confusion around inactive domains.
ShibTheMetaverse Domain Raises Security Issue Mazrael also addressed the former ShibTheMetaverse domain in a separate post. He said the domain no longer belongs to the Shiba Inu project team. As a result, another party may buy or use it.
“For your security, please do not assume any future content is affiliated,” Mazrael stated. His warning focused on users who may remember the old address. The message asks Shiba Inu holders to verify links before taking action.
The Shiba Inu issue matters because copied sites often imitate known crypto brands. Such sites may ask users to connect wallets or approve transactions. Therefore, users should confirm sources before sharing details.
Shib.io Main Gateway Mazrael said Shib: The Metaverse should return through Shib.io when access resumes. He added that the ecosystem does not need another separate domain. This gives Shiba Inu users a clearer route for future updates.
The reminder does not announce a token change or product launch. Instead, it focuses on official access and safer navigation. Shiba Inu services now point users toward one verified portal. The Shiba Inu update also protects users from misleading pages that may appear later. It tells the community to rely on current official channels.
Shiba Inu has just witnessed a historic surge in its network activity as its burn rate has jumped to levels not seen since this year began.
With the Shiba Inu burn rate being consistently modest for most days of 2026, the dramatic surge in the metric seen in the last day has caught the attention of the crypto community, especially market analysts.
117.54 million SHIB exit circulation in a dayThe last 24 hours have seen Shiba Inu destroy the highest number of tokens it has ever destroyed this year, as data provided by Shibburn shows a rare four-digit surge in the metric in such a short period.
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The data showed that about 117,540,000 SHIB worth $517 has been permanently removed from circulation over the last day, causing a historic surge of 2,733% in its burn rate within the period.
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While further data showed that 153.8 million SHIB have been destroyed in the last seven days, this typically means that about 77% of all SHIB tokens burned over the past week happened within the last 24 hours alone.
SHIB burn rate hits 8-month highWhile the last time such a large token burn happened was in November 2025, the rapid surge in the SHIB burn rate marks its highest point in about eight months.
Although such four-digit increases in SHIB's burn rate were a common occurrence during periods of strong market momentum last year, they have become uncommon so far this year as burn activity has remained subdued amid the consistent volatility witnessed in previous months.
Furthermore, the data showed that the majority of the burned tokens came from a single transaction carrying 109.66 million SHIB, associated with a wallet on Robinhood.
Other smaller burns carrying hundreds and thousands of SHIB came from the same exchange and the SHIB community, which formed the total 117.54 million SHIB that was torched in the last day.
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.
A strange statistical glitch has been recorded with the Shiba Inu (SHIB) coin. In just one day, the number of on-chain transactions collapsed by 95% — from a peak of 78,558 transfers to a modest 3,922, according to CryptoQuant.
This powerful spike on July 6 became the largest for SHIB since last October. However, the speed with which the metrics returned to normal turned the situation into a real on-chain detective story.
Usually, such jumps happen when a major crypto exchange is cleaning up its wallets and massively moving client funds into secure cold storage. But this time, that logic failed, as on-chain data from the analytics platform Arkham showed that on July 6, exchange flow charts were completely empty.
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Shiba Inu (SHIB) transaction count, Source: CryptoQuantThe theory that inflows and outflows simply matched each other perfectly and canceled each other out does not hold, because Arkham counts the total volume of operations, and if exchanges had been moving funds, giant bars would have appeared on the chart. Instead, the liquidity curve of trading platforms literally froze.
What really triggered the activity collapseWhile the transaction counter was going crazy, the SHIB token itself behaved remarkably calmly. Its price did not even flinch, remaining in its usual narrow range near $0.0000042.
If ordinary traders had made those 78,000 transfers, the market would have immediately been shaken by volatility. The fact that the price completely ignored the burst of activity proves one thing — the large amounts of SHIB being moved were fully isolated from exchange order books and had no impact on trading.
Ordinary users cannot coordinate and stop transferring cryptocurrency in one second. An instant 95% collapse in activity means only one thing: someone launched an automated script that ran thousands of transactions and switched it off immediately after completing its task.
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Since exchanges are officially ruled out, only two options remain:
A large whale's maneuver: Some fund or early investor was redistributing holdings strictly between personal private wallets, deliberately bypassing exchanges for secrecy.Technical tests: Developers of some crypto project or bridge were stress-testing their smart contracts directly on the live Ethereum network.In the end, there is no conspiracy or market panic behind this sudden collapse in metrics. The entire "anomaly" is merely the digital trace of one isolated automated script, after which the network simply "exhaled" and instantly returned to its usual organic routine.
Any honest Shiba Inu price prediction starts from the same fact: SHIB already made its legendary run, and the next one has to move hundreds of trillions of tokens.
So this forecast maps a path instead of promising fireworks, through the burns, Shibarium, the supply math, and the meme cycle. It also covers the other Ethereum meme story this week, a brand new stage one opening Friday on Bullski’s official website, where the free priority list is filling ahead of launch.
SHIB’s Path From Here Table of Contents
SHIB’s Path From HereShiba Inu Price Prediction: The ScenariosShiba Inu Technical Analysis: Levels to WatchWhy Launch Week Belongs to the New Ethereum MemeSHIB Holders’ Launch-Week MoveShiba Inu Price Prediction FAQWhat is the Shiba Inu price prediction?Can SHIB break out this cycle?What is holding SHIB back?What launches this week on Bullski?For More Information SHIB launched on Ethereum in August 2020 and turned a joke into an empire: Shibarium, its own layer 2, a burn portal steadily retiring tokens, listings on most major exchanges, and one of the biggest holder bases in crypto. The project outgrew the meme label years ago, which is exactly what a forecast has to price.
Mature coins move differently. SHIB trades with Bitcoin and the broader meme cycle more than on its own headlines, and the wild percentage days of 2021 have given way to slower, heavier swings. The question is no longer survival, it is how far this base carries the next leg.
Shiba Inu Price Prediction: The Scenarios Four forces set the path. Burns retire tokens daily, at a pace that trims the supply rather than transforms it. Shibarium adds transactions, and more activity means more burning and more reasons to hold.
Against both stands the big headwind, a circulating supply in the hundreds of trillions, so every rally needs enormous new money just to move the price. The wild card is the meme cycle, which still lifts SHIB hard in risk-on seasons.
Here is how those forces stack into scenarios along SHIB’s path, hedged the way any honest forecast should be.
Phase
Bear
Base
Bull
Range phase (now)
Slides toward the bottom of its long range
Chops sideways while burns trim supply
Reclaims the top of the range early
Meme cycle turn
The bounce fades under old resistance
New yearly highs alongside the sector
Leads the sector as the household name
Shibarium traction
Activity stays too thin to matter
Burn pace grows and the floor firms up
Demand plus burns start work on a zero
Full breakout
The 2021 peak stays out of reach
A long climb back toward old highs
A genuine retest of the $0.00008845 record
Watch out: SHIB’s enormous supply means even a strong rally moves the price by fractions of a cent. Size expectations to that math, not to screenshots from 2021.
Shiba Inu Technical Analysis: Levels to Watch Analysts track three things on the SHIB chart: whether it defends its multi-year range lows, how it behaves around the round-number zero lines that act as psychological support and resistance, and how much air sits under the $0.00008845 all-time high from October 2021. Momentum arrives in bursts with the meme cycle, so the levels matter most when volume suddenly returns.
Why Launch Week Belongs to the New Ethereum Meme Here is the part of the SHIB story people forget: there was never a SHIB presale. The token simply appeared on Ethereum in 2020, and whoever found it before the crowd caught the entry everyone has hunted since.
That is what makes this week different. Bullski ($BULLSKI) is the new Ethereum meme, an ERC-20 token with a fixed 120 billion supply, and its stage one is still ahead of it. The 16-stage presale climbs toward a $0.0025 listing reference, the contract is verified on Etherscan, an audit is in process, and liquidity locks at launch.
Staking and referrals run from day one, so early buyers earn while the stages fill.
The date is set: stage one opens at 5pm UTC on Friday, July 10. Until then, the free priority list is filling with buyers who want the first entry at the lowest stage price.
In short: SHIB proved an Ethereum meme can build an empire; launch week is about the one still laying its first brick.
SHIB Holders’ Launch-Week Move None of this says sell your SHIB; the long-hold case above is real. The launch-week move is about the other slot in a meme portfolio, the early-entry slice that SHIB, by its own success, can no longer be.
Reserving that slice takes minutes. Head to the official site and add yourself to the priority list, then have an Ethereum wallet funded with ETH or USDT before Friday evening. When stage one opens, priority members enter ahead of the public rush, buy at the first stage price, and can put their tokens straight into staking while the crowd is still finding the page.
$250 USDT Giveaway: launch week comes with a bonus. Bullski’s “Bullish by Default” draw is sending $250 USDT to one winner, picked at random, no purchase needed. You can get in the Bullski giveaway by joining the Telegram and following on X, with extra entries for inviting a friend. Winners are announced only on the official channels, and the team will never ask for your keys.
What is the Shiba Inu price prediction? The honest answer is a range. The base case keeps SHIB tracking the meme cycle while burns and Shibarium slowly tighten supply, the bull case works back toward old highs, and the bear case is a longer sideways drift.
Can SHIB break out this cycle? It can, and it has surprised the market before. A strong meme season, rising Shibarium activity, and a faster burn rate are the ingredients to watch. The caveat is scale: lifting a coin with hundreds of trillions of tokens takes far more new money than it did in 2021.
What is holding SHIB back? Mostly its own size. With a circulating supply in the hundreds of trillions, even large inflows nudge the price rather than move it, and the easy discovery phase ended years ago. Burns help at the margins, but that math is the headwind every SHIB forecast has to respect.
What launches this week on Bullski? Stage one of the 16-stage Bullski presale opens this Friday at 5pm UTC. Priority list members enter first, buy $BULLSKI with ETH or USDT at the earliest price, and can stake immediately as the sale climbs toward the $0.0025 listing reference.
For More Information Website: Visit the official Bullski website at bullski.io
Telegram: Join the Bullski Telegram channel at t.me/BullskiCoinOfficial
X (Twitter): Follow Bullski on X at x.com/bullskicoin
Disclaimer: This is a Press Release provided by a third party who is responsible for the content. Please conduct your own research before taking any action based on the content.
New York, NY, United States, July 8th, 2026, Chainwire
Stacking DAO today announced stBTC, a liquid staked version of Bitcoin built for Stacks’ upcoming Bitcoin Staking release. stBTC will let Bitcoin holders earn yield through staking while keeping their capital liquid and ready to move across the rest of the Stacks ecosystem.
Bitcoin is the largest pool of capital in the digital economy, and most of it sits idle. Only a small fraction of Bitcoin’s supply is deployed in on-chain finance today, while the rest stays parked in custody, exchange-traded funds, and treasuries. Stacking DAO built stBTC to close that gap and give Bitcoin holders a native path to put their capital to work.
stBTC is the missing bridge between earning Bitcoin yield and putting Bitcoin capital to work. A holder will be able to stake Bitcoin and participate in Bitcoin-native finance at the same time, rather than choosing between the two.
“Bitcoin has never had a true staking economy of its own, and stBTC for Bitcoin staking on Stacks is our answer to that gap,” said Tycho Onnasch, Core Contributor, Stacking DAO. “Holders can earn Bitcoin yield while keeping their capital liquid, and they get an asset they can keep using across Stacks for additional returns.”
stBTC represents BTC bonded to Stacks’ Bitcoin Staking system, where it earns a base yield expected to launch around 3% under the protocol’s initial parameters. The underlying Bitcoin remains locked in the bond, secured entirely by Bitcoin, while stBTC itself stays liquid and transferable.
That liquidity is the point. A holder can stake and stop there, earning the base yield on Bitcoin they still hold. From that floor, stBTC can flow into the financial applications already live on Stacks, including lending platforms like Zest Protocol and trading pools like BitFlow, with the base yield continuing to accrue underneath. Capital already actively deployed across Stacks protocols sits at $121 million, led by Zest Protocol, Granite, and Stacking DAO, according to DeFiLlama. stBTC gives that stack a new entry point for fresh Bitcoin capital.
stBTC is also Bitcoin-native by design. The Stacks network settles activity on Bitcoin through Proof of Transfer, backed by 100% of Bitcoin’s hashpower, and reads Bitcoin’s state directly with no oracle or trusted relay. This stands apart from past attempts to bring Bitcoin into DeFi by wrapping it onto other chains and routing it through centralized custodians. stBTC keeps the decentralization, settlement, and the security of Bitcoin itself.
The yield model is designed to outlast its own bootstrap phase. Economic activity across Stacks, powered by STX, generates fees that fund miner rewards. Miners spend Bitcoin to win those fees and secure the network, and that Bitcoin flows back into the staker pool, where the base yield originates. As more capital moves through the ecosystem, the yield shifts from relying on emissions to running on real economic activity.
Stacking DAO is well positioned to bring stBTC to market. The team has run STX Stacking infrastructure for over 2 years, managing over $150m of peak staked capital for 40,000+ stakers without a security incident. That track record is what makes Stacking DAO the team building the liquid staking layer for Bitcoin on Stacks now.
stBTC is expected to launch just before Stacks’ Bitcoin Staking release. Bitcoin holders will be able to stake BTC, receive stBTC, and begin earning yield directly through Stacking DAO at stackingdao.com.
About Stacking DAO
Stacking DAO is the STX Stacking infrastructure powerhouse for the most prominent Bitcoin L2. Users can learn more at stackingdao.com
About Stacks
Stacks is the leading Bitcoin layer by BTC deployed, providing infrastructure for a growing range of Bitcoin-native applications. The network enables Bitcoin-native financial applications, from lending and borrowing to autonomous AI agents, all settled with Bitcoin finality. Users can learn more at stacks.co
