Track market-moving stories before they get noisy

Cardano (ADA) is showing fresh bullish momentum after erasing nearly four weeks of losses in just five days.

The recovery follows a rebound from a multi-year support zone. This price area previously served as a major resistance level during the 2020-2021 bull market.

Now, market watchers believe the latest move could mark the start of a new multi-year uptrend. Under this bullish scenario, ADA could climb as high as $13.52 by 2028.

Cardano Rebounds From Key Long-Term Support Notably, Cardano’s long-term chart confirms ADA hit a critical support zone after its strongest bearish cycle since 2021. The previous bear market bottom formed in December 2022. ADA later confirmed a double bottom in June 2023.

This present cycle followed a different timeline. Cardano peaked in December 2024 at $1.3187 before falling to its latest low in June 2026 at $0.1387. With ADA trading at $0.1824, it has rebounded by over 31%.

The recent recovery developed within a support zone that held for about five weeks. Interestingly, this same price range acted as major resistance in 2020. Buyers needed nearly six months to break above it before Cardano entered its previous bull market.

With that former resistance now acting as support, the long-term trend has turned bullish.

Cardano Chart by TheCryptoBasic A Longer ADA Bull Market Is Possible Now, Cardano’s next bull cycle could last longer than previous ones. While a one-year rally remains possible, at least a two-year timeline is more realistic.

Essentially, rather than another prolonged bear market, future cycles will resemble Bitcoin’s recent price action, meaning shorter corrections followed by upward momentum.

Moreover, the crypto market has matured since the last cycle, with the rise of ETFs, institutional participation, and regulatory clarity from the SEC. Accordingly, future bull runs could last longer while major downturns become less severe.

Key Price Targets Stretch to $13.52 Notably, several technical levels could serve as milestones if Cardano’s recovery continues. The first target is $1.32, where the rally could temporarily slow. The next major resistance sits at $2.05, which may attract stronger selling pressure.

A move back to the previous all-time high region near $3.1 would mark the next major long-term objective.

Beyond that, there is a potential rally to $7.76, representing roughly 4,200% gains from current levels. The most bullish target stands at $13.52 by 2028, implying an estimated 7,400% increase if the technical outlook plays out.

Cardano ADA chart by MasterAnanda on TradingView 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.

SongMarketCap founder Jure Karamarko has reiterated his bullish outlook on Cardano, arguing that investors should not underestimate ADA or the blockchain’s growing ecosystem of native tokens.

Karamarko made the statement in an X post yesterday following ADA’s strong price rally in recent days. According to him, anyone betting against Cardano will ultimately lose.

He further asserted that combining ADA with carefully selected Cardano native tokens could significantly amplify investment returns and potentially “change lives for generations.” His remarks underscore his long-term conviction in the Cardano ecosystem, particularly as ADA continues to recover from last month’s market weakness.

ADA Stages Strong Recovery ADA has rebounded sharply after a challenging period. Last month, Cardano fell below $0.14 and dropped to the 18th position on CoinMarketCap’s rankings. However, bullish momentum has since returned.

Over the weekend, ADA climbed to around $0.20, briefly surpassing Stellar (XLM) to become the world’s 13th-largest cryptocurrency by market cap before retracing slightly to the 14th spot.

Against this backdrop, Karamarko emphasized that Cardano’s investment potential extends beyond ADA alone. Rather than focusing solely on ADA’s price appreciation, Karamarko argued that Cardano’s expanding ecosystem of native tokens presents additional opportunities for investors.

SONG Founder Defends His Argument With Recent Performance Karamarko’s comments sparked mixed reactions within the crypto community. While many bullish investors agreed with his outlook, critics argued that his thesis relied too heavily on short-term price action.

In response, Karamarko highlighted the recent performance of ADA and an unnamed Cardano native token to defend his position. He noted that ADA gained 28% over the past 30 days, while one Cardano native token surged 120% during the same period. Based on those gains, he argued that an investor holding both assets would have realized a combined portfolio increase of 281.6% over the month. 

SONG Performance SONG Massive Spike  Although Karamarko did not explicitly identify the native token in his post, his remarks are widely believed to reference SONG, the native token of SongMarketCap, the project he founded.

Recent on-chain data supports the token’s impressive performance. Over the past 24 hours, SONG has gained 4.84%. Meanwhile, it has risen 11.2% over the past seven days and an impressive 113% over the past month.

At press time, SONG was trading at $0.00425, extending its strong upward momentum and reinforcing Karamarko’s argument that select Cardano native tokens, when combined with ADA, could deliver substantial gains. 

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.

In brief The UK government has unveiled new rules to curb foreign money in elections, including a cap on donations from people in their first year of UK residency and stricter tests on company donors. The measures build on a March ban on crypto donations and could squeeze Nigel Farage's Reform UK, which has leaned heavily on crypto billionaires Christopher Harborne and Ben Delo. Harborne has registered to vote in the UK, while Delo has stated his intention to do so. The UK government has announced a fresh crackdown on foreign money in politics, and the new rules could squeeze the crypto billionaires who have bankrolled Nigel Farage's Reform UK.

Unveiled Monday, the measures extend a £100,000 cap on overseas donations, in force since March, so that it also covers a donor's first year of UK residency—meaning someone cannot simply relocate to Britain and immediately write a larger check.

Company donations will be judged on post-tax profits over five years rather than revenue, to keep out firms with big turnover but murky operations, and candidates must prove that any pre-campaign funding came from "legitimate sources."

The reforms build on the March package, which capped overseas donations and banned crypto donations until the UK can regulate them. At the time of the ban, Reform UK was the only major British political party to accept donations made in cryptocurrency. The bill returns to the Commons for its final stages next week.

Reform's crypto backersThe residency change could bite hardest on the crypto billionaires backing Reform UK. Thailand-based Christopher Harborne, who holds a 12% stake in stablecoin issuer Tether, has donated a total of £12 million to the party, and has since registered to vote in the UK.

Ben Delo, the Hong Kong-based co-founder of the BitMEX exchange, has donated some £4 million to Reform. Delo, who was pardoned by U.S. President Donald Trump in 2025 after pleading guilty to violations of the Bank Secrecy Act, has said he intends to move back to Britain—a return that would, the Independent noted, leave him capped at donating £100,000 for a year.

Neither Harborne nor Delo’s donations were made in the form of cryptocurrency, and Reform says no rules were broken.

Farage and “Posh George”The clampdown lands in the wake of a Sunday Times investigation alleging that Farage failed to declare years of "in-kind" help, from staff and security to housing, provided by George Cottrell, aka “Posh George,” a longtime confidant, convicted fraudster and crypto-gambler.

Cottrell, who pleaded guilty to wire fraud in the U.S. after a 2016 sting and is now seeking a pardon from President Trump, has deep crypto ties. According to the Sunday Times, he became a "key player" in Tether.bet, an offshore casino that took bets in cash or crypto and operated without a UK gambling licence. A Polymarket account linked to Cottrell by blockchain investigator ZachXBT has staked millions on geopolitical bets.

Liberal Democrat MP Josh Babarinde has written to the Parliamentary Standards Commissioner calling for an investigation into Farage's "failure to declare financial support" from Cottrell.

Farage, already under investigation over an undeclared £5 million ($6.7 million) gift from Harborne, denies the Cottrell benefits needed declaring, and Cottrell denies having expected anything in return. Decrypt has reached out to Nigel Farage for comment.

Daily Debrief NewsletterStart every day with the top news stories right now, plus original features, a podcast, videos and more.

Influenced by news that Strategy sold Bitcoin to pay dividends, STRC rebounded to break above $90.

According to market data from BIT (bit.com), Strategy’s preferred stock STRC has rebounded above $90, trading at $90.125, with a 2.57% intraday gain. Earlier reports noted that Strategy sold 3,588 Bitcoin last week, generating $216 million in proceeds to pay dividends on its digital credit securities. As of July 5, the company’s Bitcoin reserves fell to 843,775 coins, alongside $2.55 billion in U.S. dollar reserves.

2 minutes ago

BlackRock Withdraws 7,546 ETH From Coinbase Prime, Worth Around $13.2 Million

According to monitoring by Onchain Lens, BlackRock just purchased and withdrew 7,546 ETH from Coinbase Prime, worth approximately $13.2 million.

2 minutes ago

Four wallets are holding 2x longs on $DEXE on @Aster_DEX, with a combined unrealized profit of ~$1.32M.

The $DEXE price keeps climbing today. Four wallets are holding 2x longs on $DEXE on @Aster_DEX, with a combined unrealized profit of ~$1.32M. The highest return has reached 104.57%.

2 minutes ago

Crypto mining firm Riot Platforms transfers 500 BTC to NYDIG Custody.

According to monitoring by Onchain Lens, publicly listed Bitcoin mining firm Riot Platforms has deposited 500 BTC, valued at around $30.9 million, with NYDIG Custody, likely for sale.

2 minutes ago

Tom Lee: Rising ETH/BTC exchange rate indicates investors expect improved visibility of crypto use cases.

Chairman Tom Lee of BitMine, the largest Ethereum treasury, stated in a post that despite widespread market skepticism toward ETH, the rise in the ETH/BTC exchange rate shows investors are anticipating an improvement in the visibility of cryptocurrency use cases, which is a positive sign for the market.

2 minutes ago

Jiang Zhuoer: Strategy’s approved 20,000 BTC for sale will likely be fully sold.

Jiang Zhuoer, founder of BTC mining pool BTC.TOP, posted that U.S. crypto asset firm Strategy has sold 3,588 BTC for $216 million. This marks Strategy’s first large-scale BTC sell-off, carried out despite holding $2.55 billion in cash reserves — enough to cover 17.6 months of interest payments — and voluntarily selling more BTC than required to meet its interest obligations. This move signals the breakdown of Strategy’s long-held "never sell BTC" narrative. Jiang said he does not understand the reason behind Strategy’s current large-scale sell-off, noting that even if it lacks U.S. dollars, it could continue raising funds by issuing additional common stock. While this would reduce BTC holdings per share, he argues that preserving the "never sell" narrative and related beliefs is far more important than per-share BTC metrics. If Strategy fails to repurchase BTC at lower prices after the sell-off, it will also lead to a decline in per-share BTC holdings. Jiang added that Strategy’s willingness to bear this cost can only be interpreted as its preparation to conduct significant BTC swing trading. Jiang further stated that the 20,000 BTC already approved by Strategy’s board will almost certainly be sold in full. He believes that during the upcoming bull market phase, the market may witness a sell-off by an entity holding hundreds of thousands of BTC.

2 minutes ago

ZachXBT Disowns Copycat Meme Coins, Donates $25,000 to Venezuela Relief

The world’s largest crypto exchange Binance has failed to secure an EU-wide MiCA license in France, after facing a roadblock in Greece. As a result, services including crypto trading are halted and users can only withdraw their crypto assets. The crypto exchange has also halted services across several European Union countries.

Binance Fails to Get MiCA License in France, Halts Crypto Trading Services Binance has stopped offering crypto trading services in France after failing to obtain a MiCA license, BFM Business reported. French users can now only withdraw their crypto assets.

The leading crypto exchange previously served about 2 million users in France, offering services including spot, futures, margin, and custody. The exchange added that user funds remain safe.

As CoinGape reported earlier, Binance was in discussions with France’s finance regulator AMF to secure a MiCA license after ECB President Christine Lagarde expressed opposition to a Greek application just weeks before the July 1 deadline.

Binance co-CEO Richard Teng also claimed earlier that the exchange remains dedicated to securing a MiCA license and remains ready to operate under a “fair, predictable, and genuinely harmonized European framework.”

However, Binance withdrew its MiCA license application in Greece. Also, halting crypto services in EU countries, including France, Poland, Italy, and Spain, and recommending users to withdraw their crypto assets.

Meanwhile, crypto firms are turning to Dubai, as nearly 244 out of 3000 crypto firms have secured the MiCA licenses in the EU bloc.

Massive Withdrawals from the Crypto Exchange Binance customers in France chose to withdraw their crypto assets from the exchange and not wait for it to secure a license. According to the report, some have faced withdrawal issues during this period.

On-chain data showed almost $1.6 billion in net outflows from Binance over the past month. Notably, the exchange recorded $1.23 billion in withdrawals in a week amid self-custody, with ETH withdrawal transactions hitting a 3-year high of 166,000. The crypto exchange still manages around $114 billion in crypto assets.

Ethereum Withdrawing Transactions on Binance. Source: CryptoQuant Meanwhile, Binance has officially entered the Philippines crypto market. “The Philippines has always been one of the most vibrant crypto communities in the world. Let’s go!” said Binance co-CEO Richard Teng.

BNB price has jumped more than 6% to $583 over the past week amid CoinGape’s another accurate prediction on crypto market recovery. Futures open interest also climbed almost 3% to $876 million over the past 24 hours.

If you’re looking to do in-depth research before deciding to invest in crypto, check out our recommendations for the best crypto tools for research and analysis.

Choosing an interoperability stack requires weighing pure messaging against full application platforms.

Start Building with ZetaChain documentation to test the universal application workflow.

A zetachain vs chainlink ccip comparison reveals two distinct approaches to building across networks. Chainlink CCIP functions as a messaging and infrastructure layer that uses oracle networks to securely move data and tokens between smart contracts. In contrast, ZetaChain provides a universal Layer-1 blockchain with an application platform architecture called zEVM. This allows developers to deploy smart contracts that natively manage assets and data on both EVM and non-EVM chains like Bitcoin. While CCIP excels at high-security message passing, ZetaChain enables unified liquidity and native programmability for chains that lack their own smart contract logic. As noted in recent blockchain research, choosing between these models depends on whether a project needs a secure bridge or a sovereign execution environment for its universal applications.

ZetaChain vs Chainlink CCIP at a glanceChoosing between ZetaChain and Chainlink CCIP depends on your project goals. ZetaChain is a full platform for apps. It lets you build tools that work on many chains at once. Chainlink CCIP is a messaging tool. It helps move data and tokens from one place to another. Both help with inter-chain links but work in very different ways. Knowing these differences helps you pick the right tool for your app.

Platform versus protocolZetaChain acts as a universal layer for AI and Web3. It uses a virtual machine called zEVM to run smart contracts. This allows you to deploy code in one spot that reaches every linked network. You get unified and portable memory across every model, app, and agent. This makes it a sovereign memory layer for AI. It is built to help devs manage private data and money without needing new systems.

Chainlink CCIP works as a bridge for messages and data. It does not host its own apps or state. It is mainly a way to send info between chains that already exist. A uniform protocol is often needed to link different blockchain systems. CCIP provides a standard way to move tokens and facts. But it does not provide a single place to run your app's main logic.

Security and network trustSecurity models vary between these two systems. ZetaChain uses a Proof-of-Stake model with over 70 validators. This provides a decentralized path for inter-chain work. It relies on a large group of nodes to keep the network safe. Chainlink CCIP relies on oracle networks to verify data. These networks act as a middle layer to watch and report on chain events. Both aim to keep your data safe during transfers.

Experts note that decentralized frameworks are vital for safe blockchain use. Risks in these systems can lead to big losses if not handled well. You can read about the ZetaChain design for inter-chain work to see how this trust works. Using a decentralized group of nodes helps reduce the risk of a single point of failure. This is key for apps that handle high value or private data.

Support for native BitcoinZetaChain provides native support for the Bitcoin network. It uses TSS tech to let smart contracts manage Bitcoin directly. This means you can build apps that use BTC without using wrapped versions. It helps create unified liquidity across many chains. This is a big plus for DeFi tools that want to tap into Bitcoin's value. You can build once and reach users on both EVM and non-EVM chains.

Chainlink CCIP does not offer this native support. It focuses more on moving assets between EVM-ready chains. If you want to use Bitcoin with CCIP, you often need to use wrapped tokens. This can add extra steps and risks for your users. ZetaChain's approach is more direct. It allows for native inter-chain work that includes chains like Bitcoin and Solana from the start.

Feature

ZetaChain

Chainlink CCIP

Core Design

Application platform (L1)

Messaging and bridge layer

Execution

On-chain zEVM smart contracts

Off-chain oracle networks

Native Bitcoin

Full support via TSS

No native support

Security Model

Proof-of-Stake (70+ nodes)

Oracle-based trust

Primary Goal

Unified app and AI memory

Secure data and token transfer

Ideal Use Cases

AI agents and unified DeFi

Bank and token transfers

What is the architectural difference?

Conceptual comparison: ZetaChain centralizes application execution and state on zEVM, while CCIP delivers messages between separately deployed contracts.

Platform versus protocolZetaChain and Chainlink CCIP serve different roles in the blockchain world. ZetaChain is an app platform. It acts as a full Layer-1 network where teams can build and run code. Chainlink CCIP is a messaging protocol. It moves data and tokens between two different chains but does not host the code itself. This is the main point when looking at zetachain vs chainlink ccip for your next project.

Because ZetaChain is a platform, it provides a place for state to live. Builders use the ZetaChain EVM (zEVM) to create smart contracts that talk to many chains at once. This setup is a unique interoperability design because it keeps the logic in one place. But CCIP requires teams to set up and manage contracts on every chain they want to use. This makes ZetaChain a true universal layer for apps.

Where business logic livesWhen you use Chainlink CCIP, your app's logic is spread across many networks. You must manage how these parts talk to each other through messages. This can make your work hard as you grow and add more chains. A secure and decentralized framework is needed to make sure these messages are safe. CCIP uses an oracle network to check and move this data between separate chains.

ZetaChain changes this by letting you keep all your logic on one chain. You write your contract once on ZetaChain. Then it can control assets on Bitcoin, Ethereum, and other networks from that single spot. This creates unified liquidity since the state and assets are not split up. This model helps teams build fast without worrying about how to sync data across many spots. It acts as a sovereign memory layer for AI and web3 apps.

This single-point logic is vital for AI agents that need to store data. ZetaChain 2.0 offers a native Private Memory Layer. This lets AI apps keep a lasting state that follows the user across any model or app. Messaging protocols like CCIP are not built to hold this kind of lasting memory. They only move data from one point to another without storing it in a central, secure way.

Security and native chain supportThe two systems also use different ways to keep things safe. Chainlink CCIP relies on oracle networks to secure its message transfers. ZetaChain uses an economic Proof-of-Stake model. It has over 70 validators that work together to reach a consensus on the state of the network. This model offers a strong way to reduce possible risks in a world with many chains.

One big difference is how they handle chains like Bitcoin. ZetaChain has native support for Bitcoin through a system called TSS. This lets you build apps that use real Bitcoin directly without using wrapped tokens. Chainlink CCIP is mainly for chains that already support smart contracts. For teams that want to use Bitcoin or Solana alongside Ethereum, ZetaChain offers a more direct and native path. This makes it easier to build apps that reach the widest group of users.

How should developers choose an interoperability stack?Choosing the right tools for your app is a big task. The choice between ZetaChain vs Chainlink CCIP shifts how you manage data and assets. Both systems help chains talk, but they use different paths. Your team needs to look at your app's core needs before you pick a base. This choice will set your path for years as you grow.

Check your asset and chain needsFirst, look at which networks your app must reach. If you need to use Bitcoin or Solana without a bridge, you need a system that supports them. ZetaChain provides native Bitcoin support so you can write code that works with real BTC. Other tools like Chainlink CCIP focus on moving messages between EVM chains. They do not have the same native support for non-EVM assets. You can learn more about this in our look at ZetaChain's unique interoperability architecture and how it works.

ZetaChain acts as a universal layer for your code. You can build one app that touches every chain you need. This saves time and cuts down on the work your team has to do. If your goal is to reach users on many chains, a unified system is often the best path. It helps you keep your code in one place while your app reaches out to the whole world. This is a key part of building a great user flow.

Compare the safety modelsTrust is the most important part of any system that moves value. A secure and decentralized framework is a must for safe data flow. ZetaChain uses a Proof-of-Stake model with more than 70 nodes. These nodes work to keep the chain safe and open. This setup is spread out so that no single point can fail. It provides a strong base for apps that handle big assets or private data.

In contrast, Chainlink CCIP relies on its own oracle network to pass data. This system has a long track record of safe use across the space. Both models aim to stop bad actors, but they use different trust paths. You should pick the one that fits your own risk plan. A spread-out model with many nodes offers a clear and open way to check that everything is working well. This helps your team and your users sleep better at night.

Check state and memory needsDo you want to run one contract that controls many chains, or just send a few messages? ZetaChain lets you build on its zEVM platform to manage assets on many chains at once. This creates a unified pool of funds that flows where it is needed most. Chainlink CCIP is built as a messaging layer to send data and tokens. It does not offer a place to host your whole app's logic in one spot.

If you plan to use AI, your needs will be even more clear. ZetaChain's new 2.0 layer offers a private memory space for AI apps. This is a unique feature that other tools do not have right now. It helps AI agents store data and act as interoperable networks in a safe way. To get started with these tools, you should look at the full developer docs for more help. This will show you the best way to set up your new system.

Map your asset needs. List every chain your app needs to touch and check if they are all EVM or if you need non-EVM help.

Select your state model. Decide if you want one main contract to rule every chain or if you want to sync many small pieces of code.

Verify Bitcoin support. Confirm if your app needs to hold or spend native BTC, as this needs a certain type of platform to work.

Test the cost and speed. Look at how much it costs to send data and how long those steps take for users to see.

Check for AI memory. Think about if your app will need to store private data or route to AI models as you build more features later.

Review the ZetaChain docs and prototype one end-to-end user flow before choosing your production stack.

How do the developer workflows compare?Comparing how developers work with ZetaChain and Chainlink CCIP shows two clear paths. ZetaChain acts as a full app platform. Chainlink CCIP serves as a messaging layer. This choice shapes how teams build, test, and keep their code on many networks.

Building on the ZetaChain platformOn ZetaChain, you write smart contracts directly on its own network using zEVM. This lets you create apps that manage assets on many chains from one place. This setup, known as ZetaChain's unique interoperability architecture, means you do not need to put new code on every network you use. For example, you can build apps that work with Bitcoin even though Bitcoin has no smart contracts. This saves time and reduces the work needed to keep code in sync.

Developers use common tools like Hardhat or Foundry to write and test their contracts. Since ZetaChain is its own blockchain, you can test your logic in one space. This is faster than testing messages between many separate testnets. Standardized protocols are needed to make sure these contracts work well together. ZetaChain gives you a simple way to handle these actions without complex message passing.

Using Chainlink CCIP for messagingChainlink CCIP works by sending data and tokens between chains. When you use CCIP, you often keep your app's logic on each chain you want to connect. You then use the CCIP interface to send messages between them. This fits teams that want to keep logic on one chain like Ethereum. They can still reach other networks using CCIP. But this path means you must manage and secure many copies of your code.

The workflow for building interoperable applications with CCIP involves learning its messaging patterns. You must handle how messages are sent, received, and checked by oracle networks. This adds a layer of detail to your code. You also need to manage gas costs on both the start and end chains. CCIP tries to make this easy with its gas system, but it still needs careful planning to avoid failed trades.

Monitoring and maintenance trade-offsMonitoring your app on ZetaChain is like watching any other Layer-1 network. You check the status of your contracts and your unified liquidity. Because everything happens in one place, it is easier to track the steps of a user's action. A secure and decentralized framework helps ensure that these actions are processed well. You do not need to wait for messages to pass through many middle steps to see the final result.

With Chainlink CCIP, monitoring is harder because you must watch many chains at once. You need to check that a message sent from one chain arrived and worked on the next one. If a failure occurs, finding where it happened takes more effort. You also have to track the status of the oracle networks that secure your messages. This setup means you must update and patch contracts on every chain. This can increase the risk of errors over time.

ZetaChain provides a single place to write and run code for all chains.

Chainlink CCIP acts as a bridge for data and tokens between existing apps.

ZetaChain supports non-EVM networks like Bitcoin natively.

CCIP requires managing code on every chain you want to use.

How do the security models differ?ZetaChain uses a Proof-of-Stake system to protect the network. This setup relies on 70+ nodes to check and confirm every move. Each node must stake tokens to join. If a node tries to cheat, it loses its stake. This creates a strong link between safety and money. A secure and shared system helps make sure these moves stay valid across other networks.

Economic Proof-of-Stake vs oracle networksChainlink CCIP takes another path for its safety. It uses a network of oracles to send data. These oracles have a long track record of keeping funds safe. But they rely on their own group of nodes to check data. ZetaChain acts as a full blockchain. It handles all safety on its own Layer-1. This means the trust stays within a single, shared group of nodes. Both models work well, but they ask users to trust other parts of the tech stack.

Validation and trust assumptionsTrust is key in any inter-chain setup. When you use ZetaChain's unique design, you get a single source of truth. The chain itself checks every move. You do not need an outside party to pass your data. This model is built for the sovereign memory layer for AI. It keeps all data in one place so it stays safe and easy to find. CCIP uses a second network to watch for risks. This group looks for odd moves and stops them if they look wrong.

How they handle finality and speedZetaChain offers fast speed for all moves. Once a move is done on ZetaChain, the state is changed for all linked apps. CCIP depends on the speed of the source and target chains. This can add wait times for users. Builders using CCIP must account for these delays. On the other hand, the universal layer approach lets apps react to data as soon as the block is signed. This speed is vital for apps that need fast data flow, such as AI agents using shared memory.

Developer security dutiesBuilders have to think about their own tasks too. ZetaChain lets you write code that runs in one spot. You do not have to manage data on many chains at once. This makes it easier to keep your app safe. It reduces the spots where bugs can hide. CCIP is a sending tool. You must make sure your messages reach their target. You also have to handle what happens if a chain stops working. Using a universal layer helps you build fast with fewer risks to manage.

Builders also have to look at rate limits and controls. CCIP has built-in limits on how much value can move at once. This helps stop large thefts if a bug is found. ZetaChain lets you set your own rules within your smart contracts. Since you build on a full Layer-1, you have total control over how your app behaves. You can build custom safety checks that fit your exact needs. This choice is part of why ZetaChain is seen as a universal layer for AI and Web3. It gives you the tools to build safe, complex apps that can scale across the whole network.

When is ZetaChain the better fit?Choosing between ZetaChain and Chainlink CCIP depends on the goals of your project. Chainlink CCIP works well for simple data and token transfers between networks. But many teams find that ZetaChain is the better choice when they need a full platform to build and run apps. It provides a layer for logic that can reach every linked network at once.

Projects needing one stateBuilders who want to manage a single state across many networks should choose ZetaChain. With its universal layer, you only need to deploy your smart contracts once. This move removes the need to keep up other versions of your code on every network you support. It makes it easy to control assets and data because everything stays in sync in one place.

Using a joining protocol helps teams build apps that work well across other chains. This one model is a key part of ZetaChain's unique interoperability architecture. It allows you to build a single hub for your users. They can work with your app from any wallet without moving their funds to a new chain first.

Native Bitcoin and non-EVM appsIf your project needs to use native Bitcoin, ZetaChain is the best fit. It is the only major platform that allows you to write smart contracts that control Bitcoin. You do not need to use wrapped assets or complex bridges that add risk. This native support also extends to other networks like Solana, which gives you a wider reach than link tools.

A spread out framework is vital for making these inter-chain actions safe. ZetaChain uses a network of over 70 nodes to secure these tasks. This model ensures that your app can talk to non-EVM chains while keeping a high level of safety. It is a strong tool for builders who want to tap into the large pool of Bitcoin users.

AI and private memory solutionsTeams building AI tools should look at ZetaChain for its private memory layer. This feature allows you to store and manage data that stays private and easy to move. Most other networks only focus on moving tokens, but ZetaChain acts as a memory layer for models and agents. It helps you build apps that can learn and remember across other places.

You can use the AI Portal to route tasks to other models based on what your app needs. This system makes it easy to add AI features to your blockchain tools. It gives you a way to sell your models while keeping control of the data. This focus on memory and AI makes it a unique fit for the next wave of smart apps.

Explore the ZetaChain ecosystem to see how builders apply universal application architecture.

Frequently Asked QuestionsWhat is the architectural difference between ZetaChain and Chainlink CCIP?ZetaChain is a Layer-1 app platform that hosts smart contracts and stores state. This allows builders to keep business logic in one place while connecting to other networks. Chainlink CCIP is a messaging protocol that moves data and tokens between different spots. According to Chainlink, CCIP is mainly a tool for base layer work and data transfer. ZetaChain provides a unified spot for code, while CCIP requires teams to manage code on every connected chain.

How does Chainlink CCIP secure data transfers between networks?Chainlink CCIP uses decentralized oracle networks to verify and move messages between different chains. This system checks that each message is valid before it reaches the final destination. A study in the National Library of Medicine notes that protocols rely on different security models like validator sets or oracles. CCIP focuses on secure data and token transfers using its proven oracle setup. This helps protect the integrity of the data as it moves through the decentralized web.

Can developers build apps on ZetaChain that connect to many blockchains?Yes, developers can use ZetaChain to build apps that connect to many networks from a single point. This is possible through the ZetaChain EVM, which allows for unified logic and data. According to ZetaChain, the platform enables native support for chains like Bitcoin and Solana. This setup helps teams build apps that reach users on different blockchains without needing wrapped assets. It creates a sovereign memory layer for AI that works across the whole network.

What are the trade-offs between ZetaChain and Chainlink CCIP for developers?Developers choose between these tools based on where they want to keep their logic. ZetaChain allows teams to build apps with a single state that connects to many chains. This reduces the need to manage many contracts on different networks. Chainlink CCIP is a strong choice for simple data moves but requires more work to sync state. As noted by ZetaChain, its platform helps developers build apps with native AI and memory features. This unified approach can save time during the build process.

Ready to Start Building on the sovereign memory layer?Choosing a tech stack is a big step that defines how fast your team can ship and grow in the next few years. If you wait to choose your path, you will waste months on code that does not scale or work with new tools. This delay lets your rivals get a head start while you stay stuck with old systems that fail as the market moves. By starting on a sovereign memory layer today, you save time and reach more users through a single, unified app layer. The cost of doing nothing is a loss of speed that your project may never get back in this fast tech world. Use a system that handles private memory and works for all models and agents to keep your project on the right track. You can read more about ZetaChain's unique interoperability architecture to learn how it works.

Start Building with the documentation and validate your architecture in code.

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According to new data published by Visa, the adjusted stablecoin transaction volume soared to $1.79 trillion in June. This marks a staggering 63 percent increase from May’s $1.1 trillion, not only surpassing the previous peak of $1.78 trillion in February but also representing a year-on-year surge of 125 percent. The numbers signal a dramatic growth in stablecoin activity across the sector.

A new all-time high in JuneThe data indicates that stablecoin adoption is expanding well beyond simple crypto trading. Use cases are widening to include payments, decentralized finance applications, and cross-border money transfers. Even as the broader crypto market shows signs of stagnation, the sustained increase in stablecoin transaction volume points to a new central role for these assets in the digital asset ecosystem.

Grayscale’s Head of Research, Zach Pandl, remarked that June 2026 became another record-setting month for stablecoin transaction volumes, surpassing even February’s highs.

Grayscale, a leading digital asset investment firm, frequently stands out with its in-depth institutional analysis. Its research division regularly provides evaluations on capital flows in crypto markets and updates on the evolving infrastructure landscape.

USDC dominates June transaction volumeDespite Tether’s USDT retaining its crown as the largest stablecoin by market capitalization, June’s transaction volume spotlighted Circle’s USDC. Visa’s data illustrates that USDC accounted for $1.21 trillion in transactions — around 67 percent of the total. By contrast, USDT saw $576 billion in volume, securing about 32 percent market share. PayPal’s PYUSD rounded out the top three with $2.42 billion in transactions.

These figures reveal a clear divergence between market capitalization and real-world usage. Which stablecoins are chosen for payments and on-chain liquidity flows provides fresh insight into evolving user preferences and trends within the broader crypto economy.

Base and Ethereum neck and neck for network activityIn June, most stablecoin operations took place on Coinbase’s Ethereum layer 2 network Base, which processed $565 billion — about 31.5 percent of the total volume. Ethereum’s mainnet closely followed at $562 billion, while Tron ranked third with $320 billion, accounting for roughly 18 percent of all transactions measured.

Mini glossary: A layer 2 network is a scaling solution built atop the main blockchain that aims to process transactions faster or more cost-effectively. Base is one such network operating on Ethereum.

Visa, working with Artemis, Allium Labs, and Castle Island Ventures, has refined its calculation methods to filter out high-frequency bot trades, exchange treasury rebalancing, and repetitive smart contract activity. The company emphasizes that this approach is designed to more accurately reflect genuine, organic stablecoin activity.

New launches and institutional interest intensifyingAs competition in the stablecoin market heats up, Open Standard announced the launch of Open USD (OUSD) on Tuesday. The project has reportedly secured backing from more than 140 organizations spanning payments, banking, technology, and crypto — including heavyweights Visa and Mastercard.

Nick Ruck, head of LVRG Research, commented that the record-breaking volume underscores how stablecoins are establishing themselves as foundational infrastructure for value transfer, liquidity provisioning, and decentralized finance — independent from price volatility.

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.

July 6th, 2026 – Panama City, Panama

Deribit by Coinbase, via its broker-dealer DRB Panama Inc., and SignalPlus, a leading provider of software and infrastructure solutions for crypto derivatives, today announced the launch of The Island, their fifth trading competition and biggest edition to date.

Running for 35 days, the competition features up to $600,000 USDC in prizes across solo and team competition, daily and weekly reward rounds, Mystery Box deposit mechanics, short-dated options challenges, and a Private Island jackpot.

Registration for The Island opens on June 29 at 08:00 UTC, with the competition running from July 6 at 08:00 UTC through August 10 at 23:59 UTC. To participate, users must trade through SignalPlus on Deribit. Competition standings will be based on eligible options and futures trading volume only, with options weighted 1.0 and futures weighted 0.5.

The campaign is designed around eleven core arenas spanning weekly volume competition, daily reward loops, team participation, referral-driven expansion, whale and block-trade incentives, and dynamic ecosystem progression in one connected experience. New mechanics in this edition include the Mystery Box deposit experience, a weekly P&L leaderboard, short-dated options reward multipliers, and the Flash Arena, where higher short-dated options volume unlocks more jackpot shots and reward opportunities.

Key Details

Total Prize Pool: Up to $600,000 USDC Registration Period: June 29, 2026, 08:00 UTC – August 10, 2026, 23:59 UTC Competition Period: July 6, 2026, 08:00 UTC – August 10, 2026, 23:59 UTC Eligibility: Open to eligible retail traders on Deribit via SignalPlus Registration Link: https://t.signalplus.com/deribitislandcompetition This campaign is run by DRB Panama Inc and is not targeted at or intended for residents of Dubai, UAE. T&Cs apply. Virtual Assets are subject to extreme market volatility, involve a high degree of risk, and can lose value, in part or in full.

Early Bird Incentives

Users who register by July 7th will receive 3 free Deribit options. Team captains who invite five or more friends to register by July 7th will have a chance to win a Cressi Velvet Wetsuit valued at 300 USDC. Among the first 10 participants to reach 200M in trading volume by July 12, one randomly selected winner will receive two RIMOWA suitcases valued at 5,000 USDC in total. “The Island brings together everything we want this competition to be: bigger scale, stronger participation loops, and a structure that rewards how active options traders actually engage,” said Luuk Strijers, Senior Director from Deribit by Coinbase. “With solo and team competition, short-dated options mechanics and aspirational rewards led by the Private Island jackpot, this is our most ambitious retail trading campaign yet.”“We are excited to partner with Deribit by Coinbase once again on the latest edition of the competition,” said Chris Yu, CEO and Co-Founder from SignalPlus. “The Island is designed to make participation more dynamic and more rewarding, whether traders are competing on volume, teaming up with their network, or engaging through short-dated options and daily missions. Together, we are creating a more immersive experience for sophisticated retail traders.”

Competition Highlights include:

Core Arena: Weekly solo and team trading leaderboards designed to reward notional trading activity across individual and squad-based competition. Mystery Box Deposit Round: Users who register and maintain deposits for seven days unlock Mystery Box draw chances tied to guaranteed USDC prizes and premium rewards. Daily Reward Ecosystem: Daily individual and team missions encourage repeat engagement, with volume-based rewards and team milestone unlocks. Flash Arena: Short-dated options trading powers daily reward multipliers and jackpot-style shooting mechanics, including access to the Private Island reward opportunity. Block Arena: High-balance and block-trade participants can unlock fee rebates and luxury reward opportunities. Expansion Arena: Referral mechanics reward both community growth and successful invitations of higher-value traders. In addition to the Private Island headline reward, this year’s prize pool includes a range of premium rewards such as a Rolex Watch, Apple Vision Pro, NVIDIA Stock, Luxury Turkey Trip, Ledger Stax, Gentle Monster Sunglasses, Razer Keyboard, SOL spot rewards, trading fee coupons, and daily USDC prize pools.

The Island invites participants into a dynamic retail trading competition that combines strategic trading with team-based participation and a tiered reward structure. With every trade, participants move closer to exclusive rewards, from daily USDC prizes to the Private Island headline jackpot. The event begins today.

About Deribit 

Deribit by Coinbase is a centralized, institutional-grade provider of crypto derivatives ecosystem, specializing in Bitcoin and Ethereum options and futures. With state-of-the-art infrastructure, Deribit offers instantaneous price discovery, low-latency execution, advanced risk mitigation tools, and deep liquidity through a network of top-tier market makers. Deribit facilitates the majority of global crypto options volume and upholds rigorous proof-of-reserves practices to maintain the highest standards of integrity and transparency.

About SignalPlus

Signalplus provides trading software and infrastructure for crypto derivatives, helping professional and sophisticated retail traders access options, futures, and spot markets with advanced execution and analytics tools. SignalPlus delivers a comprehensive options trading suite tailored for crypto derivatives traders.

Contact Manager, Retail Sales
Sidrah Fariq
Deribit
[email protected]

 

Panama City, Panama, July 6th, 2026, Chainwire

Deribit by Coinbase, via its broker-dealer DRB Panama Inc., and SignalPlus, a leading provider of software and infrastructure solutions for crypto derivatives, today announced the launch of The Island, their fifth trading competition and biggest edition to date.

Running for 35 days, the competition features up to $600,000 USDC in prizes across solo and team competition, daily and weekly reward rounds, Mystery Box deposit mechanics, short-dated options challenges, and a Private Island jackpot.

Registration for The Island opens on June 29 at 08:00 UTC, with the competition running from July 6 at 08:00 UTC through August 10 at 23:59 UTC. To participate, users must trade through SignalPlus on Deribit. Competition standings will be based on eligible options and futures trading volume only, with options weighted 1.0 and futures weighted 0.5.

The campaign is designed around eleven core arenas spanning weekly volume competition, daily reward loops, team participation, referral-driven expansion, whale and block-trade incentives, and dynamic ecosystem progression in one connected experience. New mechanics in this edition include the Mystery Box deposit experience, a weekly P&L leaderboard, short-dated options reward multipliers, and the Flash Arena, where higher short-dated options volume unlocks more jackpot shots and reward opportunities.

Key Details

Total Prize Pool: Up to $600,000 USDC Registration Period: June 29, 2026, 08:00 UTC – August 10, 2026, 23:59 UTC Competition Period: July 6, 2026, 08:00 UTC – August 10, 2026, 23:59 UTC Eligibility: Open to eligible retail traders on Deribit via SignalPlus Registration Link: https://t.signalplus.com/deribitislandcompetition This campaign is run by DRB Panama Inc and is not targeted at or intended for residents of Dubai, UAE. T&Cs apply. Virtual Assets are subject to extreme market volatility, involve a high degree of risk, and can lose value, in part or in full.

Early Bird Incentives

Users who register by July 7th will receive 3 free Deribit options. Team captains who invite five or more friends to register by July 7th will have a chance to win a Cressi Velvet Wetsuit valued at 300 USDC. Among the first 10 participants to reach 200M in trading volume by July 12, one randomly selected winner will receive two RIMOWA suitcases valued at 5,000 USDC in total. “The Island brings together everything we want this competition to be: bigger scale, stronger participation loops, and a structure that rewards how active options traders actually engage,” said Luuk Strijers, Senior Director from Deribit by Coinbase. “With solo and team competition, short-dated options mechanics and aspirational rewards led by the Private Island jackpot, this is our most ambitious retail trading campaign yet.”

“We are excited to partner with Deribit by Coinbase once again on the latest edition of the competition,” said Chris Yu, CEO and Co-Founder from SignalPlus. “The Island is designed to make participation more dynamic and more rewarding, whether traders are competing on volume, teaming up with their network, or engaging through short-dated options and daily missions. Together, we are creating a more immersive experience for sophisticated retail traders.”

Competition Highlights include:

Core Arena: Weekly solo and team trading leaderboards designed to reward notional trading activity across individual and squad-based competition. Mystery Box Deposit Round: Users who register and maintain deposits for seven days unlock Mystery Box draw chances tied to guaranteed USDC prizes and premium rewards. Daily Reward Ecosystem: Daily individual and team missions encourage repeat engagement, with volume-based rewards and team milestone unlocks. Flash Arena: Short-dated options trading powers daily reward multipliers and jackpot-style shooting mechanics, including access to the Private Island reward opportunity. Block Arena: High-balance and block-trade participants can unlock fee rebates and luxury reward opportunities. Expansion Arena: Referral mechanics reward both community growth and successful invitations of higher-value traders. In addition to the Private Island headline reward, this year’s prize pool includes a range of premium rewards such as a Rolex Watch, Apple Vision Pro, NVIDIA Stock, Luxury Turkey Trip, Ledger Stax, Gentle Monster Sunglasses, Razer Keyboard, SOL spot rewards, trading fee coupons, and daily USDC prize pools.

The Island invites participants into a dynamic retail trading competition that combines strategic trading with team-based participation and a tiered reward structure. With every trade, participants move closer to exclusive rewards, from daily USDC prizes to the Private Island headline jackpot. The event begins today.

About Deribit 

Deribit by Coinbase is a centralized, institutional-grade provider of crypto derivatives ecosystem, specializing in Bitcoin and Ethereum options and futures. With state-of-the-art infrastructure, Deribit offers instantaneous price discovery, low-latency execution, advanced risk mitigation tools, and deep liquidity through a network of top-tier market makers. Deribit facilitates the majority of global crypto options volume and upholds rigorous proof-of-reserves practices to maintain the highest standards of integrity and transparency.

About SignalPlus

Signalplus provides trading software and infrastructure for crypto derivatives, helping professional and sophisticated retail traders access options, futures, and spot markets with advanced execution and analytics tools. SignalPlus delivers a comprehensive options trading suite tailored for crypto derivatives traders.

Contact Manager, Retail Sales
Sidrah Fariq
Deribit
[email protected]

[PRESS RELEASE – Panama City, Panama, July 6th, 2026]

Deribit by Coinbase, via its broker-dealer DRB Panama Inc., and SignalPlus, a leading provider of software and infrastructure solutions for crypto derivatives, today announced the launch of The Island, their fifth trading competition and biggest edition to date.

Running for 35 days, the competition features up to $600,000 USDC in prizes across solo and team competition, daily and weekly reward rounds, Mystery Box deposit mechanics, short-dated options challenges, and a Private Island jackpot.

Registration for The Island opens on June 29 at 08:00 UTC, with the competition running from July 6 at 08:00 UTC through August 10 at 23:59 UTC. To participate, users must trade through SignalPlus on Deribit. Competition standings will be based on eligible options and futures trading volume only, with options weighted 1.0 and futures weighted 0.5.

The campaign is designed around eleven core arenas spanning weekly volume competition, daily reward loops, team participation, referral-driven expansion, whale and block-trade incentives, and dynamic ecosystem progression in one connected experience. New mechanics in this edition include the Mystery Box deposit experience, a weekly P&L leaderboard, short-dated options reward multipliers, and the Flash Arena, where higher short-dated options volume unlocks more jackpot shots and reward opportunities.

Key Details

Total Prize Pool: Up to $600,000 USDC Registration Period: June 29, 2026, 08:00 UTC – August 10, 2026, 23:59 UTC Competition Period: July 6, 2026, 08:00 UTC – August 10, 2026, 23:59 UTC Eligibility: Open to eligible retail traders on Deribit via SignalPlus Registration Link: https://t.signalplus.com/deribitislandcompetition This campaign is run by DRB Panama Inc and is not targeted at or intended for residents of Dubai, UAE. T&Cs apply. Virtual Assets are subject to extreme market volatility, involve a high degree of risk, and can lose value, in part or in full.

Early Bird Incentives

Users who register by July 7th will receive 3 free Deribit options. Team captains who invite five or more friends to register by July 7th will have a chance to win a Cressi Velvet Wetsuit valued at 300 USDC. Among the first 10 participants to reach 200M in trading volume by July 12, one randomly selected winner will receive two RIMOWA suitcases valued at 5,000 USDC in total. “The Island brings together everything we want this competition to be: bigger scale, stronger participation loops, and a structure that rewards how active options traders actually engage,” said Luuk Strijers, Senior Director from Deribit by Coinbase. “With solo and team competition, short-dated options mechanics and aspirational rewards led by the Private Island jackpot, this is our most ambitious retail trading campaign yet.”

“We are excited to partner with Deribit by Coinbase once again on the latest edition of the competition,” said Chris Yu, CEO and Co-Founder from SignalPlus. “The Island is designed to make participation more dynamic and more rewarding, whether traders are competing on volume, teaming up with their network, or engaging through short-dated options and daily missions. Together, we are creating a more immersive experience for sophisticated retail traders.”

Competition Highlights include:

Core Arena: Weekly solo and team trading leaderboards designed to reward notional trading activity across individual and squad-based competition. Mystery Box Deposit Round: Users who register and maintain deposits for seven days unlock Mystery Box draw chances tied to guaranteed USDC prizes and premium rewards. Daily Reward Ecosystem: Daily individual and team missions encourage repeat engagement, with volume-based rewards and team milestone unlocks. Flash Arena: Short-dated options trading powers daily reward multipliers and jackpot-style shooting mechanics, including access to the Private Island reward opportunity. Block Arena: High-balance and block-trade participants can unlock fee rebates and luxury reward opportunities. Expansion Arena: Referral mechanics reward both community growth and successful invitations of higher-value traders. In addition to the Private Island headline reward, this year’s prize pool includes a range of premium rewards such as a Rolex Watch, Apple Vision Pro, NVIDIA Stock, Luxury Turkey Trip, Ledger Stax, Gentle Monster Sunglasses, Razer Keyboard, SOL spot rewards, trading fee coupons, and daily USDC prize pools.

The Island invites participants into a dynamic retail trading competition that combines strategic trading with team-based participation and a tiered reward structure. With every trade, participants move closer to exclusive rewards, from daily USDC prizes to the Private Island headline jackpot. The event begins today.

About Deribit 

Deribit by Coinbase is a centralized, institutional-grade provider of crypto derivatives ecosystem, specializing in Bitcoin and Ethereum options and futures. With state-of-the-art infrastructure, Deribit offers instantaneous price discovery, low-latency execution, advanced risk mitigation tools, and deep liquidity through a network of top-tier market makers. Deribit facilitates the majority of global crypto options volume and upholds rigorous proof-of-reserves practices to maintain the highest standards of integrity and transparency.

About SignalPlus

Signalplus provides trading software and infrastructure for crypto derivatives, helping professional and sophisticated retail traders access options, futures, and spot markets with advanced execution and analytics tools. SignalPlus delivers a comprehensive options trading suite tailored for crypto derivatives traders.

Source: Binance EN

This is a general announcement. Products and services referred to here may not be available in your region. Fellow Binancians, Nine years ago, Binance launched with a mission to increase the freedom of money for people around the world. Today, we’re celebrating that journey with you - the community that made it all possible. To mark our 9th Anniversary, we’re launching a community-wide celebration across Binance Discord, Binance WhatsApp, and the Binance Angels X account. Nine days. Nine challenges. One shared milestone. Complete the challenges, show your Binance spirit, and earn your share of 7,000 USDC token vouchers in rewards! Activity Period: 2026-07-06 12:00 (UTC) to 2026-07-15 23:59 (UTC) Binance Discord Challenge: 4,000 USDC Prize Pool Our biggest community celebration starts on Discord. Over 9 days, we’re running a series of daily challenges inside our dedicated anniversary channels. Complete more challenges, unlock a bigger share of the rewards. How to Participate: Join the Binance Discord server and complete the daily challenges that will be shared in this channel.Submit your entry in this channel using the corresponding hashtag for each day. Reward Structure: During the Activity Period, eligible participants who fulfil the aforementioned criteria and can share the prize pool, according to the number of challenge(s) completed: Complete all 9 challenges: Share 2,000 USDC prize poolComplete 5 to 8 challenges: Share 1,200 USDC prize poolComplete 1 to 4 challenges: Share 800 USDC prize pool Binance WhatsApp Challenge: 2,000 USDC Prize Pool The celebration extends to our WhatsApp community. Follow the Binance WhatsApp channel daily, complete the corresponding Binance Survey for each challenge, and earn your share of the prize pool. How to Participate: Follow the Binance WhatsApp channel for all daily challengesComplete the daily challenges and submit the Binance Survey that will be attached in each daily post. Reward Structure: During the Activity Period, eligible participants who fulfil the aforementioned criteria and can share the prize pool, according to the number of challenge(s) completed: Complete 5 to 9 challenges: Share 1,200 USDC prize poolComplete 1 to 4 challenges: Share 800 USDC prize pool Binance Angels X Challenge: 1,000 USDC Prize Pool Binance was built by its community - country by country, city by city, person by person. To celebrate our 9th Anniversary, we’re inviting users around the world to share their Binance story on X. Show us where you are, when your journey with Binance started, and let’s mark this milestone together. How to Participate: During the Activity Period, complete the following steps and create a post on X with the following details to be eligible: Follow and tag the Binance Angels X account (@BinanceAngels);Use the hashtag #BinanceTurns9;Share a photo of yourself in your city or country;Share in which year you first started using Binance;Complete the submission survey via the official link on Binance Angels X account. Reward Structure The best 50 entries will share a prize pool of 1,000 USDC in token vouchers (20 USDC per winner). Winners will be selected based on creativity, authenticity, and Binance brand relevance, at Binance’s discretion. Terms & Conditions: These terms and conditions (“Promotion Terms”) govern users’ participation in the promotion above (“Promotion”). By participating in this Promotion, users agree to these Promotion Terms, and the following additional terms: (a) Binance Terms and Conditions for Prize Promotions; (b) Binance Terms of Use; and (c) Binance Privacy Notice; all of which are incorporated by reference into these terms and conditions. In the case of any inconsistency or conflict between these Promotion Terms, and any other incorporated terms, the provisions of these Promotion Terms shall prevail, followed by the following in this order of precedence, and to the extent of such conflict: (a) Binance Terms and Conditions for Prize Promotions; (b) Binance Terms of Use; and (c) Binance Privacy Notice.Only users who complete identity verification during the Activity Period can qualify for rewards in the Promotion. The products or features referred to above may not be available in your region. Users are responsible for informing themselves about and observing any restrictions and/or requirements imposed with respect to the access to and use of Binance services in each country from which the services are accessed.Products and promotions may not be available in certain countries and to certain users. Content you see should not be construed as solicitation or advice to use any Binance feature. This content is not intended for users to which restrictions apply. You are responsible for informing yourself about and observing any restrictions and/or requirements imposed with respect to the access to and use of Binance services in each country. Applicable restrictions will be applied to all landing pages in links included in our informational messages.Users in the following countries could participate in the Campaign but they are restricted to be among the winners list: Afghanistan, Albania, Algeria, Andorra, Angola, Argentina, Australia, Austria, Bahamas, Bahrain (.com), Belgium, Benin, Bolivia, Botswana, Brazil, Bulgaria, Burkina Faso, Burundi, Cabo Verde, Cameroon, Canada, Central African Republic, Chad, Chile, China, Colombia, Comoros, Congo, Crimea region (and any non-government controlled areas of Ukraine), Croatia, Cuba, Cyprus, Czech Republic, Denmark, Djibouti, Dominica, Ecuador, Egypt, Equatorial Guinea, Eritrea, Estonia, Eswatini, Ethiopia, Falkland Islands (British Overseas Territory), Finland, France, Gabon, Gambia, Georgia, Germany, Ghana, Gibraltar (British Overseas Territory), Great Britain (United Kingdom; England) Falcon Retail, Great Britain (United Kingdom; England) Titan Pro, Greece, Guernsey (Crown Dependency), Guinea, Guinea-Bissau, Haiti, Hong Kong, Hungary, Indonesia, Iran, Iraq, Ireland, Isle of Man (Crown Dependency), Israel, Japan, Japan (Local Exchange), Jersey (Crown Dependency), Jordan, Kenya, Kosovo, Kuwait, Latvia, Lebanon, Lesotho, Liberia, Libya, Liechtenstein, Lithuania, Luxembourg, Madagascar, Malawi, Malaysia, Mali, Malta, Mauritania, Mauritius, Moldova, Monaco, Montserrat (British Overseas Territory), Morocco, Mozambique, Myanmar, Namibia, Netherlands, New Zealand, Niger, Nigeria, North Korea, Norway, Oman, Palestinian territories, Peru, Philippines, Poland, Portugal, Qatar, Romania, Rwanda, Sao Tome and Principe, Saudi Arabia, Senegal, Serbia, Seychelles, Sierra Leone, Singapore, Slovakia, Slovenia, Somalia, South Africa, South Korea, South Sudan, Sudan, Sweden, Tanzania, Thailand (.com), Togo, Tunisia, Turkey, Turkey (Local Exchange), Uganda, United Arab Emirates (Dubai Local Exchange "FZE"), United States, Venezuela, Yemen, Zambia, Zimbabwe.Rewards will be distributed in 1 month after the campaign ends.Users will be able to login and redeem their token voucher rewards via Profile > Rewards Hub. The validity period for the token voucher is set at 30 days from the day of distribution. Binance reserves the right to disqualify a user’s reward eligibility if the account is involved in any dishonest behavior (e.g., wash trading, illegally bulk account registrations/logins, self dealing, or market manipulation). Binance further reserves the right to disqualify any participants who tamper with Binance program code, or interfere with the operation of Binance program code with other software.Binance reserves the right at any time in its sole and absolute discretion to determine and/or amend or vary these terms and conditions without prior notice, including but not limited to canceling, extending, terminating or suspending this Promotion, the eligibility terms and criteria, the selection and number of winners, and the timing of any act to be done, and all Participants shall be bound by these amendments. There may be discrepancies between this original content in English and any translated versions. Please refer to the original English version for the most accurate information, in case any discrepancies arise. Thank you for your support! Binance Team 2026-07-06

According to monitoring by OnchainLens, the smart money address 0x15a, which has been dormant for several months, deposited $1 million USDC into Hyperliquid and opened a 40x leveraged long position of 200 BTC, with the position valued at roughly $12.58 million. The address’s last on-chain activity occurred in March this year, and its historical cumulative profit from perpetual contracts stands at approximately $2.28 million.

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15h05 ▪ 5 min read ▪ by Evans S.

Summarize this article with:

The stablecoin market lost 1.9 billion dollars in one week, despite a capitalization still exceeding 311 billion. The decline remains limited in percentage, but it shows that the liquidity available in crypto is contracting slightly. Tether weighs the most in this drop, while Sky Dollar records the sharpest fall among the major stablecoins.

In brief The stablecoin market lost 1.9 billion dollars in one week. USDT accounts for 41% of the total decline. PYUSD grows despite the sector’s overall decline. Stablecoin: a moderate but visible decline The stablecoin market shows a total capitalization of 311.311 billion dollars. Over seven days, this represents a decline of 0.61%, or about 1.911 billion dollars withdrawn. This movement follows several months where stablecoins had rather served as a refuge in an unstable crypto market.

The drop is not a collapse. It remains low compared to the fluctuations observed on bitcoin, ether, or altcoins. But it deserves attention because the stablecoin supply often acts as a gauge of the available liquidity.

When stablecoin capitalization increases, it may signal the arrival of new dollars in the ecosystem. When it falls, it may indicate redemptions, capital outflows, or a rotation towards other financial products.

Tether’s USDT lost 791 million dollars over the week. Alone, this decline represents about 41% of the total stablecoin market drop. This is explained by its size: with 184.112 billion dollars capitalization, USDT still largely dominates the sector. Its market share reaches 59.14%. Therefore, Tether’s stablecoin remains the main settlement tool on crypto platforms. Even a limited drop of 0.43% moves several hundreds of million dollars.

Circle’s USDC also declines. Its capitalization reaches 73.098 billion dollars after a 1.05% drop over seven days. Together, USDT and USDC still represent more than 82% of the top 15 capitalization. This duopoly offers a clear market reading. When the two largest stablecoins fall simultaneously, the contraction does not come from a single isolated issuer. It affects the core of crypto liquidity.

Sky Dollar leads the decline of the stablecoin market Sky Dollar, or USDS, records the largest weekly drop among the top fifteen stablecoins. Its capitalization falls by 2.36%, to around 8.02 billion dollars. The decline remains contained, but it contrasts with the stronger dynamics recently shown by some competitors.

World Liberty Financial USD1 also declines by 1.77%, to 4.61 billion dollars. Global Dollar loses 1.19%, while Ethena USD slips 0.49%. Thus, the pressure focuses mainly on several mid-tier stablecoins. DAI resists better, gaining slightly 0.09% to 4.851 billion dollars. This gain is too small to change the market balance, but it shows that not all stable assets follow exactly the same trajectory.

PayPal’s PYUSD stands out in the opposite direction. Its capitalization grows by 4.25%, to 2.836 billion dollars. This increase confirms that some payment players continue to attract capital in the stablecoin sector despite the general retreat.

A liquidity signal to watch The 1.9 billion drop is not enough to announce a massive exit from the crypto market. The stablecoin sector remains close to its recent range, between 300 and 315 billion dollars. The movement looks more like an adjustment than a sudden flight.

However, the trend must be monitored over several weeks. A lasting contraction would reduce the dry powder available to buy digital assets. Traders often use stablecoins as a waiting reserve before returning to bitcoin, ether, or riskier tokens.

The stablecoin market is also changing in nature. Alongside settlement tokens like USDT and USDC, new products seek to offer yield or exposure to tokenized Treasury bills. Circle USYC, BlackRock BUIDL, and Ondo USDY show that the boundary between stablecoin, money market fund, and tokenized asset is becoming finer.

This transformation can attract more stable capital, but it can also fragment the market. Users no longer just seek a liquid digital dollar. Some want yield, others prioritize compliance, speed, or payment access. That is why the current decline must be read with nuance. The stablecoin market contracts this week, but it remains at the center of crypto usage, notably in cross-border payments.

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Evans S.

Fascinated by Bitcoin since 2017, Evariste has continuously researched the subject. While his initial interest was in trading, he now actively seeks to understand all advances centered on cryptocurrencies. As an editor, he strives to consistently deliver high-quality work that reflects the state of the sector as a whole.

DISCLAIMER

The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.

BitTorrent has unveiled a long-term BTT token buyback and burn program that will use 100% of revenue from its decentralized services for quarterly market purchases starting in the third quarter of 2026.

Summary

BitTorrent will use all revenue from its decentralized services to buy back BTT every quarter starting in the third quarter of 2026. Repurchased BTT tokens will be permanently burned, with on chain transaction details published after each quarterly burn. The company said additional revenue from BTTInferGrid is expected to increase the funds available for future BTT buybacks. According to BitTorrent’s official announcement, all revenue generated by its decentralized services will be allocated to buying back BTT tokens on the open market every quarter, with the repurchased tokens permanently removed from circulation through scheduled burns.

📢 Announcement on the Launch of BTT Buyback Program

We are excited to announce the launch of BitTorrent’s long-term BTT Buyback Program starting in Q3 2026.

As part of this initiative, 100% of revenue generated from BitTorrent’s decentralized services will be allocated to… pic.twitter.com/h0hAMDLrRV

— BitTorrent (@BitTorrent) July 6, 2026 The company said the first round will begin with buybacks during the third quarter of 2026. The corresponding token burn is scheduled for the middle of October, when BitTorrent also plans to publish the total number of tokens destroyed, the percentage of total supply affected, and the on-chain transaction hash verifying the process.

Each quarterly burn report will be released during the middle of the first month of the following quarter, allowing users to independently verify the transactions on-chain, according to the announcement.

Under the program, the funding source will come entirely from revenue generated by BitTorrent’s decentralized services rather than treasury reserves or newly raised capital. The company added that revenue available for future buybacks is expected to increase following the launch of BTTInferGrid, which it said will contribute additional income to the ecosystem.

Instead of holding the repurchased tokens, BitTorrent said all acquired BTT will be transferred to a designated burn address, permanently removing them from circulation after each quarterly buyback cycle.

The announcement described the initiative as a long-term mechanism that ties token buybacks directly to operating revenue while providing publicly verifiable records of every burn.

BitTorrent and its products, including BitTorrent and µTorrent, serve more than 100 million active users and have been installed on over one billion devices. The platform became part of the TRON ecosystem after TRON acquired BitTorrent and its products in July 2018, adding blockchain capabilities to its decentralized file-sharing network.

Justin Sun-linked firms remain in focus The latest announcement comes weeks after another company linked to crypto entrepreneur Justin Sun drew attention over compliance-related actions. 

In June, HTX delisted the USD1 stablecoin after stating that World Liberty Financial had frozen certain on-chain addresses associated with the exchange, prompting HTX to suspend USD1 trading and convert eligible balances into USDT at a one-to-one ratio. 

World Liberty Financial said at the time that it maintained risk-based sanctions compliance controls, while HTX disputed any connection between the sanctioned Huobi Global S.A. entity and its current exchange operations.

EU Targets VPNs as Age Verification Loophole: What Happens Next?

Internet Computer (@Dfinity) founder @dominic_w has confirmed that MULTI/DEX, the protocol ICP regards as the world's most advanced decentralized exchange, will launch in what the team is calling "game mode" later this week. The announcement marks one of the most anticipated releases on the $ICP network in recent memory.

What "Game Mode" Actually Means The game mode rollout is not just a marketing term. Alongside the live release, the protocol's source code will be made publicly available for community evaluation. Participants will receive $100,000 in dummy assets to compete in a simulated environment designed to mimic the speed and liquidity of centralized exchanges, effectively stress-testing the architecture under realistic conditions before any real capital is at risk.

The aim is to demonstrate that ownerless, on-chain DeFi can match the performance benchmarks that traders typically associate with centralized platforms, a claim that has historically been difficult for decentralized protocols to substantiate.

The Road to Permanent Deployment Once the evaluation phase concludes, MULTI/DEX is slated for submission to ICP's Network Nervous System (NNS). The NNS is the autonomous software that governs the Internet Computer blockchain and manages everything from economics to network structure. The NNS allows anyone in the world to submit and vote on proposals to the network, and if adopted, the proposals are immediately executed automatically, enabling the network to adapt and evolve in real time. Passing the NNS vote would mean MULTI/DEX operates under permanent, autonomous execution with no single owner able to alter or shut it down.

The move fits within a broader period of technical momentum for the Internet Computer. ICP sustained over 1,000 transactions per second for a full day as recently as July 3, 2026, showcasing enterprise-grade throughput. ICP DeFi TVL has grown from around $100 million in 2024 to more than $250 million in 2026. Whether MULTI/DEX can accelerate that trajectory will depend on how the community responds during this week's open evaluation.

Sources:
DFINITY: What is the Network Nervous System (NNS)?
BingX: What Is Internet Computer (ICP)? A Beginner's Guide

NEAR Protocol (NEAR) faces weakness on Monday, reversing from a key overhead trendline near $2.00. Retail demand is easing, with NEAR futures Open Interest and funding rates waning, which sparked the previous week’s rebound. The technical outlook for NEAR Protocol raises concerns about a steeper decline, with focus on the 50-day Exponential Moving Average (EMA) support at around $1.97.

Speculations surrounding NEAR easeNEAR Protocol derivatives data shows a gradual decline in the renewed retail support it gained last week. CoinGlass data shows the NEAR futures Open Interest (OI) has edged lower to $433 million over the last 24 hours, reflecting a mild closing up of positions as price consolidation near key resistance reduces risk appetite of leveraged traders.

At the same time, the funding rate has dropped to 0.0031% on Monday, from 0.0120% on Friday, reaffirming an easing of risk appetite among traders, who are holding long positions at a premium. 

NEAR derivatives data. Source: CoinGlassNEAR struggles for a bullish breakoutNEAR token edges lower on Monday, from an overhead trendline connecting the highs of June 4 and 16, near $2.00. The DeFi token holds above the 200-day EMA at $1.78 and tests its 50-day EMA around $1.97, which supports the intraday pullback.

A slip below the 50-day EMA at $1.97 would open the downside toward the 200-day EMA at $1.78, near a descending support trendline at $1.70, where buyers could step in to regain control.

Momentum on the daily chart is neutral to bullish near-term, with the Relative Strength Index (RSI) at 49 hinting at neutral momentum. Meanwhile, the Moving Average Convergence Divergence (MACD) rises above its signal line as positive histograms expand, indicating mild recovery in trend momentum.

NEAR/USDT daily price chart.On the topside, a break above the downward-sloping trendline near $2.00 could unlock further gains toward the previous swing high near $2.56, followed by the June 4 high of $2.85.

(This article was created with the help of an Artificial Intelligence tool and reviewed by an editor. Know more.)

Spot Bitcoin ETFs traded in the United States recorded $526.64 million in net outflows between June 29 and July 2. With this latest development, the streak of withdrawals from these products has now reached its eighth consecutive week. This marks the longest continuous weekly outflow period seen since spot Bitcoin ETFs launched in the US.

Outflows continue in Bitcoin and Ethereum fundsThe cautious approach from institutional investors, combined with weaker momentum in Bitcoin, was clearly reflected in ETF data. According to SoSoValue, the total net assets of US spot Bitcoin ETFs fell to around $74.37 billion. In the same period, Bitcoin traded near $61,500. During June alone, outflows from these products totaled approximately $4.5 billion, underlining the sustained pressure in the market.

Wu Blockchain reported that US spot Bitcoin ETFs saw nearly $527 million in net outflows over the period from June 29 to July 2, bringing the outflow streak to eight consecutive weeks.

Spot Ethereum ETFs mirrored this trend. In the same timeframe, Ethereum ETFs experienced $13.67 million in net redemptions, also marking their eighth straight week of outflows. The simultaneous withdrawals from funds tied to the two largest digital assets signal that investor appetite for risk remains subdued across the sector.

Diverging trends in altcoin ETFsWhile Bitcoin and Ethereum products continued to lose assets, certain altcoin ETFs bucked the trend by attracting fresh capital. Spot Solana ETFs posted $5.75 million in net inflows for the week. XRP ETFs stood out with $17.19 million in new investments, representing the strongest performance in the altcoin ETF category. Hyperliquid ETFs also saw positive flows, gaining $4.32 million in net inflows despite a noticeable slowdown compared to previous weeks.

Glossary: SoSoValue is a data platform commonly used to track ETF flows and market metrics in digital asset markets. Net inflow refers to the difference between money entering and exiting a fund.

This divergence suggests that, rather than exiting the crypto ETF market entirely, some investors are reallocating capital toward alternative digital assets. Although Bitcoin remains the predominant option among institutional vehicles, select interest in altcoin-based products appears to be holding steady.

Brief signs of recovery prove short-livedDespite a weak weekly outlook, there were limited signs of recovery at the period’s close. On July 2, US spot Bitcoin ETFs attracted over $221 million in daily net inflows, breaking a 10-day outflow streak. However, this single-day shift was not deemed sufficient to reverse the broader eight-week trend.

Market observers attribute the prolonged outflows to macroeconomic uncertainty, rising interest rate expectations, and diminished risk appetite. With pressure persisting on Bitcoin, it appears institutional investors continue to scale back their exposure by redeeming ETF shares.

In the period ahead, ETF flows are expected to serve as a key gauge of institutional sentiment. Sustained net inflows could suggest renewed confidence in Bitcoin, while ongoing outflows may indicate demand will remain muted until broader market conditions improve.

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.

Key Highlights Solana’s 3-day SuperTrend indicator has triggered its first buy signal since October 2025, indicating a possible momentum shift Network expansion continues with 1.6 million fresh addresses created over the last fortnight, according to analyst Ali Charts Top Binance traders maintain a Long/Short Ratio of 1.89, with long positions comprising 65.45% of total exposure The critical $84 resistance barrier stands between current levels and the next targets at $90 and potentially $100 Weekly chart displays bullish RSI divergence, hinting that the extended correction period could be concluding Solana appears to be displaying preliminary indicators of a momentum reversal following a significant technical signal turning positive for the first time in nearly a year. This development follows an extended pullback that brought SOL down to approximately $60 during June.

Solana (SOL) Price The SuperTrend indicator on the three-day timeframe has produced a buy signal — marking the first occurrence since October 2025. The prior sell signal was followed by a substantial 74% decline, making this fresh signal particularly noteworthy for market participants.

Crypto analyst Ali Charts highlighted the development on X, emphasizing the SuperTrend flip beneath the current price level as confirmation that accumulation momentum could be strengthening. This indicator leverages average true range calculations to identify trend shifts, and when it positions below price action, market technicians typically interpret this as a bullish development.

SOLANA: FROM BEARISH TO BULLISH

The SuperTrend indicator has triggered a new buy signal on the Solana 3-day chart.

• First Signal Since October 10: The Average True Range (ATR) trailing stop has flipped beneath the price action, marking the first SuperTrend buy signal since… pic.twitter.com/j0FCmDm3jq

— Ali Charts (@alicharts) July 4, 2026

Ali Charts provided additional insight through another metric: the Solana blockchain has welcomed 1.6 million fresh addresses during the previous fourteen days. Such network expansion typically indicates increasing user engagement and heightened interest across the ecosystem.

Institutional Trader Sentiment Binance’s most sophisticated traders are displaying strong bullish conviction. CoinGlass data reveals that long accounts represent 65.45% of monitored positions, while short accounts comprise 34.55%. This distribution produces a Long/Short Ratio of 1.89.

Source: Binance Despite SOL’s rebound from June’s bottom, professional market participants have maintained their long exposure without significant reduction. This positioning implies that institutional actors continue anticipating additional upward movement.

The OI-Weighted Funding Rate registers at a slightly positive 0.0027%, indicating that leveraged long position holders are compensating shorts. Funding rates have remained in positive territory throughout the recent price recovery while avoiding extreme levels that would suggest excessive speculation.

Critical Resistance and Support Zones SOL is presently challenging resistance around the $84 level. Buyers have successfully defended the $78.07 support zone, preserving the constructive short-term price structure.

Source: TradingView The daily Relative Strength Index reads 61.20, while its Moving Average stands at 52.66. Both metrics indicate that buying momentum continues operating above neutral territory.

A decisive break above $84 would probably clear the path toward the $90 level. Conversely, failure at this resistance could trigger a retest of the $78.07 support area.

Examining the weekly timeframe, analyst TraderJB has spotted bullish RSI divergence developing near what he characterizes as the conclusion of a wave C corrective pattern. He observed that identical divergence materialized in opposite form at the prior peak before the correction unfolded.

TraderJB characterized the present zone as offering favorable risk-reward dynamics for spot accumulation strategies, assuming his Elliott Wave analysis proves accurate.

Solana’s most pressing challenge remains conquering the $84 resistance threshold, with subsequent objectives positioned at $90 and $100 should buyers successfully maintain the existing technical framework.

SP500: Bulletin: La Doria's Acquisition Of Solana Does Not Hamper Deleveraging

Circle printed roughly $3.5 billion worth of USDC on Solana last week, with a single $1 billion mint hitting the chain on June 16 alone.

Gross USDC issuance on Solana has already blown past $64 billion for 2026, and we’re barely into July.

What’s driving the demand USDC on Solana serves a sprawling set of use cases: DeFi trading, cross-border payments, and institutional settlements. The network’s low fees and high throughput make it a natural fit for the kind of rapid-fire transactions that stablecoin users actually need.

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Each token represents a dollar (or dollar-equivalent reserve) deposited by a customer who wants digital dollars on-chain. When $3.5 billion gets minted in a week, it means $3.5 billion in fresh demand showed up at the door.

The June 16 mint of $1 billion USDC in a single transaction is particularly notable. Transactions of that size typically signal institutional or enterprise-level activity, not retail users swapping tokens on a DEX.

The institutional angle is getting real Circle has enhanced its mint and burn capabilities with BNY Mellon, one of the world’s oldest and largest custodial banks. That partnership covers both Solana and Ethereum environments, giving institutions a familiar custody framework for handling USDC at scale.

Circle hasn’t issued any public statement about the specific June minting events. The data comes from on-chain tracking platforms that monitor blockchain transactions in real time.

What this means for investors With $64 billion in gross USDC issuance on Solana in 2026 alone, the network has established itself as a legitimate alternative for high-volume stablecoin operations.

For SOL holders, more USDC liquidity on the network means more transaction fees, more DeFi activity, and more reasons for developers to build on Solana. Stablecoin volume is one of the most reliable indicators of real economic activity on a blockchain, as opposed to speculative token trading that can evaporate overnight.

Tether’s USDT still commands the largest market share globally, but USDC’s growth on Solana, powered by Circle’s regulatory-first approach and institutional partnerships, is carving out a distinct lane.

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

FIFA just handed Belgium the right to formally appeal a ruling that let US striker Folarin Balogun dodge a one-match suspension, and somehow this story now involves prediction markets, a Solana meme token, and allegations of presidential lobbying.

Belgium’s Royal Football Association confirmed on July 6, 2026, that it received the green light to challenge FIFA’s Disciplinary Committee decision. That decision invoked Article 27 of FIFA’s Disciplinary Code to defer Balogun’s automatic suspension on a probationary basis, effectively clearing him to play against Belgium in Seattle despite picking up a red card in the US team’s round of 32 win over Bosnia and Herzegovina.

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The ruling that broke Belgium’s brain Under normal World Cup rules, a red card triggers an automatic one-match ban. Article 10.5 of the tournament regulations is pretty clear about that. FIFA’s Disciplinary Committee invoked Article 27, which allows for probationary deferrals of suspensions, letting Balogun suit up for the match.

The RBFA called the decision “astonishing” and said it directly contradicts the tournament’s own regulations. Belgium learned about its appeal rights with barely a day to spare before the match was scheduled to begin.

Presidential lobbying enters the chat Reports surfaced indicating that US President Donald Trump was involved in lobbying efforts related to Balogun’s eligibility. The exact nature of that involvement remains murky.

Where crypto meets the World Cup A Solana-based meme token called $BALOGUN saw a notable spike in trading activity as the eligibility saga unfolded. Prediction markets also reacted swiftly, with platforms that allow users to bet on real-world outcomes seeing immediate activity around Balogun’s match availability.

What this means for crypto traders Prediction markets are the more sophisticated play here. Platforms like Polymarket have demonstrated that sports-adjacent markets can generate meaningful volume, and eligibility disputes create exactly the kind of binary outcome that prediction markets handle well. Will Balogun play or won’t he? That’s a clean yes-or-no bet, and the market can price in new information, like Belgium’s appeal rights, in real time.

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

Table of contents

Bitcoin exchange-traded funds are now logging their eighth week of uninterrupted net outflows, even as rival products tied to Solana, XRP, and the lesser-known HYPE token pulled in fresh demand. According to flow data compiled by WuBlockchain, spot Bitcoin ETFs shed $527 million for the week running June 29 through July 2. Spot Ethereum funds did not fare much better, recording $13.67 million in net redemptions over the same stretch, also their eighth losing week in a row. The divergence is not only persistent but also widening. Two months ago, altcoin ETF flows were negligible; now, they are a consistent feature of the weekly reckoning.

The numbers for Solana and XRP ETFs told a different story. They attracted $5.75 million and $17.19 million respectively. The HYPE ETF, tied to the Hyperliquid ecosystem, pulled in $4.32 million. While these inflows are nowhere near the size of the capital that left Bitcoin products, they mark a notable shift at a time when the oldest and largest crypto asset appears stuck in a holding pattern.

A rotation narrative is taking hold For most of the year, Bitcoin ETF flows were a reasonably reliable barometer of risk appetite across the crypto spectrum. That signal is now muddy. ETF investors are not simply fleeing crypto altogether. Rather, the flow picture points to a repositioning into assets that are perceived to offer more upside or are riding specific narrative catalysts. XRP, for example, has seen renewed attention tied to payment use cases and legal developments, while Solana continues to attract developers and capital despite on-and-off network congestion concerns. Neither Solana nor XRP ETFs are close to the asset levels of their Bitcoin and Ethereum counterparts, but the direction matters. For the first time in months, the flow data suggests that crypto ETF investors are differentiating between asset classes rather than treating everything as a correlated trade.

The shift coincides with a broader altcoin renaissance visible in spot markets. Several altcoins posted massive weekly gains recently—including TON, which surged more than 80%—as documented in BlockchainReporter’s weekly gainers roundup. That performance is likely feeding into ETF flow decisions, however indirectly, as traders look for products that capture a piece of that momentum.

Regulatory headwinds keep BTC and ETH in check Part of the weakness in the two largest crypto ETFs can be traced back to Washington. The industry has been breathing nervously ahead of a Senate vote on what many consider the most significant piece of crypto legislation in US history. In a late-stage twist, major banking interests are pushing to derail the bill just days before the scheduled vote, seeking to reopen compromises that had been tentatively agreed upon. The situation, covered in depth by BlockchainReporter, has injected fresh uncertainty into a market that had started to price in more favorable regulatory treatment.

Bitcoin and Ethereum, as the most institutionally held digital assets, are naturally more exposed to legislative risk than newer, less liquid alternatives. When regulatory clarity stalls, the needle does not move for large allocators who need that clarity before adding to positions. Altcoin ETFs, on the other hand, attract a different type of buyer—one willing to take on additional risk for a potentially asymmetric payoff. The current flow split reflects that difference in investor profile.

Institutions are still building infrastructure It would be a mistake to interpret the persistent outflows from BTC and ETH ETFs as a retreat from the asset class by institutions. If anything, the pace of large-scale blockchain integration is accelerating. As reported recently, Bullish acquired Equiniti for $4.2 billion, Ondo Finance settled a tokenized Treasury trade with JPMorgan, and total on-chain real-world assets crossed $20 billion—all detailed in a BlockchainReporter weekly roundup. These developments suggest that the pipes are being laid even if spot ETF demand has temporarily cooled for the majors.

What the flow data ultimately shows is a market in transition. Bitcoin ETF outflows lasting two full months are not a trivial signal, but they are also not a death knell. The fact that capital is finding its way into smaller, more targeted crypto products—while macro and regulatory clouds hover—indicates that the investor base is evolving. Whether the next catalyst is a favorable Senate vote, a Federal Reserve shift, or simply a technical breakout in Bitcoin price, the pieces are in place for a rapid reversal. For now, however, the trend line for BTC and ETH funds points downward, and the market is watching to see how long that gravity can hold.

AUTHOR

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

TLDR Solana added 1.60 million new addresses in two weeks, showing stronger network participation. SOL held its short-term uptrend as buyers defended key support levels. Analysts identified $85.81, $88.79, and $93.95 as the next upside targets. The $86 to $94 zone remains the main resistance area for Solana’s breakout setup. Solana price prediction remains positive after on-chain activity strengthened and technical support stayed intact. Network data showed 1.60 million new addresses joined within two weeks. Meanwhile, SOL continued holding higher lows while resistance near $94 remained the next focus.

Network activity strengthens Solana’s market outlook Solana price prediction gained attention after fresh on-chain data highlighted steady network expansion. Ali Charts reported 1.60 million new addresses during the past two weeks. The figures reflected stronger participation across the broader Solana ecosystem.

The total address count increased from about 6.8 million to 8.6 million during the measured period. That increase suggested rising activity beyond short-term market movements. Consequently, stronger network participation supported improving market conditions.

Solana price prediction also received support because expanding addresses often reflect growing ecosystem usage. However, address growth alone cannot confirm a sustained price breakout. Even so, consistent participation strengthened the broader bullish structure.

Price structure keeps the bullish trend intact Solana price prediction remained constructive because SOL preserved its short-term upward trend. More Crypto Online said, “there is still no clear sign that a local top has formed.” The Elliott Wave structure continued pointing toward higher resistance levels.

The analyst identified immediate support near $80.38 for the ongoing structure. Additional support rested near $78.22 and $76.52. Therefore, holding those levels would preserve the current higher-low pattern.

Solana price prediction continued favoring upside targets while buyers defended key support levels. The chart highlighted resistance near $85.81, $88.79, and $93.95. Those levels represented the next technical objectives if momentum continued.

Resistance near $94 remains the next target Solana price prediction focused on the $86-$94 resistance area as buying pressure persisted. Market structure remained positive because price respected higher lows. Consequently, traders monitored resistance without disrupting the prevailing trend.

A deeper decline could return the $71.17-$64.68 region into focus. That move would weaken the current short-term technical picture. However, it would still fit a broader corrective structure.

Solana price prediction continued to rely on network growth and stable price action together. Strong address creation supported the technical outlook during recent sessions. Therefore, sustained participation and higher lows kept the $94 breakout scenario active.