Track market-moving stories before they get noisy

Key Takeaways DOGE climbed approximately 3% toward $0.075 following a bounce from the critical $0.0700 support zone Thursday witnessed $871,110 in DOGE ETF outflows — marking only the third outflow episode since product inception Futures Open Interest surged more than 7% within 24 hours to reach $1.04 billion, indicating growing retail engagement The Relative Strength Index stands at 32, rebounding from oversold conditions; MACD indicator crossed bullishly above signal line Historical data shows July typically delivers negative returns for DOGE, with a median 12-year decline of 4.6% Dogecoin (DOGE) is hovering around the $0.075 mark on Friday following a modest 3% uptick during Thursday’s session. This price action emerges as broader cryptocurrency markets show signs of stabilizing after recent turbulence.

Dogecoin (DOGE) Price The recovery originated from the $0.0700 support threshold. Technical chart observers have identified what appears to be a “morning star” candlestick formation — a bullish reversal pattern that often precedes short-term upward momentum.

Traders should focus on the descending resistance trendline positioned at $0.0776 as the next critical barrier. A decisive break above this level could potentially trigger momentum toward the 50-day Exponential Moving Average at $0.0863. Currently, DOGE trades significantly beneath both its 50-day EMA ($0.0863) and 200-day EMA ($0.1093).

Crypto analyst Trader Tardigrade (@TATrader_Alan) shared technical analysis highlighting DOGE’s position at the lower boundary of an extended bullish pennant formation on the quarterly timeframe. His interpretation suggests the asset is consolidating near the pattern’s support, presenting a potential accumulation opportunity. He advocates for building positions at current levels rather than chasing a confirmed breakout.

$Doge/3-month#Dogecoin is coiling inside a massive multi-year Bullish Pennant — and price just hit the bottom of the pattern.

This setup has been compressing for years. Every touch tightens the spring.

💥 Technicals are screaming bullish reversal. The pattern is textbook. The… pic.twitter.com/00ogO33zAg

— Trader Tardigrade 🧬 (@TATrader_Alan) July 1, 2026

Institutional Flows and Speculative Activity Institutional appetite remains subdued. Exchange-traded funds focused on DOGE registered $871,110 in net outflows on Thursday — representing just the third day of negative flows since these investment vehicles debuted in late 2025. Prior to this occurrence, the products experienced nine consecutive sessions without any withdrawals.

Source: SoSoValue The leading DOGE ETF maintains approximately $13.7 million in total net assets. Since their market introduction, these institutional products have failed to provide meaningful support for DOGE’s price trajectory.

Meanwhile, retail participation appears to be accelerating. Open Interest across DOGE futures contracts expanded by over 7% in a single day, reaching $1.04 billion. The funding rate increased to 0.0099%, indicating that leveraged traders are paying a premium to maintain long exposure.

Seasonal Patterns and Inflationary Tokenomics Historical performance data presents challenges for DOGE’s prospects entering July. Examining the past dozen years reveals a median July return of -4.6%. During this period, only five July months concluded with gains.

DOGE has declined approximately 55% year-over-year and remains roughly 90% below its May 2021 peak.

The cryptocurrency operates without a maximum supply limit. Approximately 5.2 billion new DOGE tokens enter circulation annually, creating an inflation rate near 3.4%. Without any token burn protocol or staking reward system to counterbalance this emission, the market must absorb roughly 14 million DOGE daily to maintain price equilibrium.

The daily Relative Strength Index registers at 32, climbing from oversold territory. The MACD histogram has generated a bullish crossover above its signal line, suggesting bearish momentum may be weakening.

Near-term support is established at $0.0700, with additional cushion around $0.0642 should downside pressure resume.

Dogecoin (DOGE) price is up by 2.2% today, July 3, to trade at $0.074 at the time of writing with $706 million in trading volumes. The gains come despite spot DOGE ETFs recording $871,000 in outflows on July 2 after President Trump disclosed that he received $635 million in royalties from his TRUMP meme coin.

Institutional Investors Exit Dogecoin Positions After Trump’s Meme Coin Gains Data from SoSoValue shows that outflows from spot DOGE ETFs reached $871,000 on July 2. This is the highest outflow that Dogecoin ETFs have seen since December 2024 and the second-highest since they started trading in November 2025.

DOGE Spot ETFs Outflows from ETF products usually suggest that institutions are selling and this comes after President Trump revealed that he received $635 million in royalties from the TRUMP meme coin that he launched in January 2025.

This disclosure fuelled concerns that regulators might crack down on meme coins to protect investors because people who bought TRUMP in 2025 have made massive losses after the price dropped by 97% from the January 2025 high of $75.

It also made the odds of CLARITY Act passing this year to drop to 39% with Senator Elizabeth Warren saying that President Trump and his family need to be stopped from benefiting from crypto.

Dogecoin Price Makes U-Shaped Recovery Despite ETF Outflows The outflows from spot Dogecoin ETFs have not pulled DOGE down because the bullish sentiment from the broader crypto market is attracting retail buyers.

DOGE price has moved from $0.069 on June 30 to $0.075 on July 3. This gain has created a U-Shaped pattern that usually suggests that bulls are tightening their grip.

DOGE needs to move above the resistance of $0.076 to confirm that the bullish long-term Dogecoin price outlook suggested by the rounded bottom pattern plays out.

If Dogecoin moves past $0.076 and makes three straight closes above that price, a 9% gain could occur and push DOGE to $0.083.

The CMF reading of 0.16 suggests that buying pressure is more than the selling pressure and this could push Dogecoin towards the target of the double bottom pattern of $0.083.

DOGE Price Chart However, the ADX line that is dropping signals caution because it suggests that the uptrend that pushed Dogecoin from $0.069 on June 30 to $0.075 on July 3 is becoming weak.

If the outflows from Dogecoin ETFs continue and retail buyers start selling to take profits after the recent gains, Dogecoin price could drop to the June 30 low of $0.069.

Funding Rate Soars as Long Bets Surge Dogecoin’s funding rate that has increased to 0.0098%, shows that traders are opening long positions on DOGE price as they ignore the ongoing outflows from ETFs.

Dogecoin Funding Rate This funding rate of 0.0098% is at the highest point since April 15 and that shows that the demand for long positions is at the highest level in three months.

The open interest has also increased from $941 million on June 28 to $1.04 million on July 3. This OI is rising alongside the price and it supports the thesis that long buyers are betting that the price of Dogecoin will keep rising as the broader market recovers.

Key Highlights Cardano’s price has climbed more than 15% over the past seven days, now trading above the $0.160 mark Large wallet holders have accumulated 150 million ADA tokens throughout recent price corrections starting June 25 A newly launched ADA Pay plugin extends Cardano payment acceptance to more than 7 million merchants globally Futures Open Interest has surged to $403 million, accompanied by positive funding rates Critical resistance level identified at $0.173, while structural support remains established near $0.138 Cardano (ADA) has experienced a notable upward trajectory this week, climbing more than 15% to trade above the $0.160 threshold by Friday. This price movement coincides with the introduction of innovative payment infrastructure and significant accumulation activity from major token holders.

Cardano (ADA) Price The recently introduced ADA Pay plugin represents a significant development, enabling over seven million merchants worldwide to integrate Cardano as a payment option. Community contributor MB announced this advancement, positioning it as an important milestone for expanding ADA’s utility beyond cryptocurrency trading platforms.

This payment solution provides merchants with a streamlined integration process, eliminating the need for extensive custom development. Should widespread adoption materialize, consumers could begin utilizing ADA for routine transactions across these participating businesses.

Cryptocurrency analyst Globe Of Crypto noted on X that ADA appears to be rebounding from support levels within a descending wedge formation, indicating that a potential breakout scenario could propel the token toward $0.35 over the coming months.

Market metrics confirm the upward price action. Cardano’s market capitalization hovers around $5.78 billion, while daily trading volume approaches the $500 million threshold, demonstrating a substantial increase in buying pressure.

Major Token Holders Increase Positions Blockchain analytics from Santiment reveal that significant wallet addresses have been strategically accumulating during recent price declines. Addresses controlling between 100,000 and 100 million ADA tokens have collectively added 150 million tokens to their holdings since June 25.

Source: Santiment Such accumulation patterns during price corrections typically indicate that major stakeholders maintain confidence in the asset’s valuation at present levels. This behavior can also establish price support by decreasing the circulating supply available for market sales.

Futures Market Shows Optimistic Sentiment Futures Open Interest has expanded to $403 million as of Friday, representing a substantial increase from the $335 million recorded in mid-June. When Open Interest rises in conjunction with price appreciation, it generally suggests fresh capital inflows rather than mere speculative repositioning.

Source: Coinglass Funding rates for ADA futures contracts shifted to positive territory on Monday, registering 0.0085% by Friday’s session. Positive funding rates indicate that traders maintaining long positions are compensating those holding short positions, which conventionally signals optimistic market sentiment.

The Relative Strength Index hovers near the neutral 50 threshold, while the MACD indicator trades marginally above the zero line, suggesting momentum is consolidating rather than exhibiting strong directional acceleration.

Cardano core developer Dave emphasized the network’s eUTXO architecture, noting that developers can precisely calculate transaction fees and anticipated outcomes prior to execution. He stressed that this capability minimizes failed transactions, which proves particularly valuable for financial applications requiring transparent cost structures.

Cardano continues to encounter resistance at the 23.6% Fibonacci retracement level near $0.173, with additional supply concentrations identified between $0.185 and $0.245. Should a retracement occur, support remains established in the vicinity of $0.138.

Cardano’s native token ADA surged more than 15% this week, climbing above $0.160 by Friday. This rally coincided with two significant developments: major wallet holders accumulated ADA during recent price corrections, and a new payment integration expanded ADA’s reach across millions of businesses worldwide.

Expansion of Cardano payment infrastructure draws attentionCommunity contributor MB announced that the recently launched ADA Pay plugin now enables over 7 million businesses globally to accept Cardano for payments. Cardano, known for focusing on smart contracts and digital payment infrastructure, is thus expanding its footprint in global commerce.

MB stated the ADA Pay plugin has opened up Cardano payment acceptance to more than 7 million businesses worldwide.

The new solution reportedly streamlines the process for businesses, reducing the need for extensive custom software development. If adoption continues to grow, consumers could soon use ADA for everyday purchases at a vast network of merchants, lowering adoption barriers for cryptocurrency payments.

Large wallets accumulated during the dipAccording to on-chain analytics platform Santiment, wallets holding between 100,000 and 100 million ADA accumulated a total of 150 million ADA since June 25. This accumulation took place amidst a broader market pullback, suggesting strategic buying on the part of significant investors.

Such concentrated buying in downturns often indicates that major holders see current valuations as attractive. At the same time, less available supply for immediate sale can help ADA prices stabilize or rebound more robustly from recent lows.

MetricValueWeekly price performanceOver 15% increaseADA added by large wallets150 millionMerchants reached via payment integrationMore than 7 millionOpen interest in ADA futures$403 millionInterest grows in the ADA derivatives marketCardano’s market capitalization now stands at approximately $5.78 billion, with daily trading volume approaching $500 million. This surge in activity points to renewed bullish interest among traders and investors.

Open interest in ADA futures climbed from $335 million in mid-June to $403 million by Friday. This simultaneous rise in price and open interest is typically interpreted as a direct inflow of new capital into the market, rather than just traders shifting existing positions.

On Monday, the funding rate for ADA futures turned positive, reaching 0.0085% by Friday’s trading session. In this structure, investors holding long positions pay those holding shorts, signaling a growing optimism about ADA’s near-term trend.

Globe Of Crypto notes that ADA bounced from support within a falling wedge pattern. Should a breakout occur, the platform forecasts a strong mid-term recovery toward the $0.35 level.

Key resistance at $0.173, support at $0.138Technically, the relative strength index (RSI) is hovering near the 50 level, while the MACD indicator remains slightly above zero, reflecting a period of consolidation rather than rapid acceleration.

Dave, one of Cardano’s core developers, highlighted that the network’s eUTXO architecture—short for Extended Unspent Transaction Output—enables clearer estimation of transaction fees and resulting outcomes before execution. This model aims to make transaction logic more predictable, reducing failed transaction risks especially in financial applications where cost management is crucial.

Mini glossary: eUTXO is a model that defines in advance which inputs and outputs a transaction will use. It reduces risks of failure by providing greater predictability for future costs and results, which is particularly valuable for financial applications.

On the technical chart, $0.173 stands out as a critical resistance level for ADA, with further sell pressure expected in the $0.185 to $0.245 range. If the price pulls back, structural support is found near $0.138, offering a safety net for bulls as the market digests this week’s gains.

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.

Eight years ago, on 30 June 2018, the Ontology MainNet went live. It has run without interruption ever since. Anniversaries are usually a moment to look back, and there is plenty to look back on: an identity framework shipped early, a wallet used in more than 170 countries, a network that has settled tens of millions of transactions. But the more useful thing to do on our eighth birthday is to say clearly where we are going next. The next chapter is about identity, data ownership, and AI, and it runs through one product: ONTO Wallet.

The short version is this. AI is resetting the value of data, and the kind of data it needs most is the hardest to source responsibly: high-quality, consent-based information that is provably created by a real person. Ontology has spent eight years building the infrastructure that can supply exactly that. Now we are putting it to work.

The data problem AI is about to hit AI systems are only as good as the data they learn from. For years that data came from web scraping, but the industry is moving away from scraped content toward high-quality human data. Synthetic data can scale human judgement, but it cannot replace it. What AI increasingly needs is verified human data: information that is high-quality, consent-based, and provably created by a real person, sourced in a way enterprises can stand behind.

The supply of that data is the problem. Today the people who create data rarely share in its value. By Ontology’s own analysis, Meta, Alphabet and Amazon alone have earned more than 1.3 trillion US dollars from user-generated data, while the individuals behind it receive nothing.

Regulation is moving the other way. Frameworks such as the EU Data Act are pushing enterprises toward first-party, user-consented data. The missing piece has been a way to prove data is authentic and human without exposing it. That is the gap Ontology has spent eight years preparing to fill.

ONTO Wallet: from holding assets to owning data ONTO Wallet is the centre of the strategy. It remains a multi-chain Web3 wallet, and it is now building on that foundation to add an identity and verified human data platform. People own the data they create, build a verified profile, and earn rewards by contributing data on their own terms. On the other side of the marketplace, projects in AI, gaming and Web3 gain access to verified human data, a resource that is in growing demand and hard to source responsibly.

The platform rests on capabilities Ontology has built over its eight years, now native to the wallet: decentralised identity through ONT ID, and software-only verification that confirms data is authentic and human without exposing the underlying information. No special hardware is required.

It is organised around four ideas:

Ownership: people own the personal data they create.

Identity, the core differentiator: verifiable identity is what lets a person prove who they are and what they have done.

Utility: real rewards and a working data marketplace, not a promise of one.

Trust: the guarantees carried by the network underneath.

Identity is the through-line. It is what turns raw data into verified human data that the AI economy can actually use.

Eight years of building the foundation Ontology comes to this moment with infrastructure already in production, not a whitepaper:

Eight years of stable operation: the Ontology MainNet has run without interruption since 30 June 2018.

An identity pioneer: ONT ID is one of the earliest decentralised identity frameworks aligned with the W3C DID standard, with 1.65 million decentralised identities issued.

Global reach: ONTO Wallet has more than 2 million users, across 70+ blockchains and 170+ countries.

A proven network: more than 20,188,999 transactions processed, 898 active nodes, and 216,135,075 ONT staked.

The infrastructure underneath: a four-part EVM upgrade A data platform that asks people to contribute needs transactions that are fast and inexpensive. So the anniversary release also upgrades the network that makes that possible, bringing four widely adopted Ethereum opcodes to the Ontology EVM. The changes reduce transaction costs, shrink smart contract sizes, and bring the network in line with the current Ethereum standard, while removing friction for teams porting existing Ethereum contracts across.

PUSH0 (EIP-3855): places the value zero onto the stack, reducing contract size and lowering the gas cost of almost every transaction.

BASEFEE (EIP-3198): lets a contract read the network’s current base fee directly on-chain, with no external data source.

MCOPY (EIP-5656): copies memory in a single step, speeding up data-heavy operations such as encoding and cryptography.

Transient storage, TSTORE and TLOAD (EIP-1153): a low-cost storage that lasts for a single transaction, well suited to temporary state such as reentrancy protection.

Together these bring the Ontology EVM in line with the opcodes introduced in Ethereum’s Shanghai and Cancun upgrades, so the latest output from compilers such as Solidity and Vyper runs without special handling.

“For eight years we have built the infrastructure for trusted identity and user-owned data. The next eight are about putting it to work for the defining technology of our time. AI runs on data, and it increasingly needs data that is high-quality, consented, and provably human. Ontology and ONTO Wallet let people own that data and decide how it is used, turning verified human data into the foundation of a fairer AI economy.”

Li Jun, Founder of Ontology

Where Ontology goes next This anniversary is less a celebration of what Ontology has built than a statement of where it is going. As AI resets the value of data, Ontology intends to be the place where identity is owned, data is given with consent, and verified human data becomes infrastructure the whole industry can build on.

Eight years in, the foundation is in production. The work of the next chapter starts now. Learn more at ont.io and onto.app.

Tether Freezes USDT In 131 TRON Wallets After OFAC Sanctions Update

Source: Binance EN

This is a general announcement and marketing communication. Products and services referred to here may not be available in your region. Fellow Binancians, Binance is thrilled to launch a Gram (GRAM) Trading Tournament where eligible users will have a chance to share a total prize pool of 500 BNB in token vouchers! In addition, Binance is introducing an “Sprint Reward” for a limited period – the more you trade, the higher your extra rewards! Promotion Period: 2026-07-03 10:00 (UTC) to 2026-07-10 10:00 (UTC) Join Now Eligibility: All verified new, regular users and all Binance VIP users can participate.Liquidity providers in the Binance Spot Liquidity Provider Program and Binance Brokers are not eligible to participate. Eligible Altcoin Trading Pair(s) Trading pair(s): GRAM/USDT, GRAM/USDC How to Participate: Click the [Join Now] button on the landing page to register.Total Trading Volume reaches at least 500 USD equivalent in any of the aforementioned eligible pair(s) on Binance Spot during the Promotion Period. Users who do not meet this threshold will not qualify for any reward under this Trading Volume Tournament. Main Reward Structure: Statistical Period: 2026-07-03 10:00 (UTC) to 2026-07-10 10:00 (UTC)Rankings Based on the Cumulative Trading VolumeReward per Eligible Participant (in BNB Token Vouchers)1st Place15 BNB2nd Place12.5 BNB3rd Place10 BNB4th Place7.5 BNB5th Place5 BNB6th - 20th PlacesAn equal split of 50 BNB21st - 50th PlacesAn equal split of 50 BNB51st - 200th PlacesAn equal split of 80 BNB201st - 1,000th PlacesAn equal split of 70 BNBAll Remaining Eligible ParticipantsAn equal split of 100 BNB, capped at 0.01 BNB per user Sprint Reward Structure: Binance is introducing a “Sprint Reward”. For a limited period, users will receive extra rewards based on their ranking by cumulative trading volume. The more one trades during the respective Statistical Periods, the higher the extra rewards can be. Please note that users can earn from both the "Sprint Reward" and the "Main Reward" pools at the same time. Rankings Based on the Cumulative Trading VolumeRound 1 Statistical Period: 2026-07-03 10:00 (UTC) to 2026-07-05 10:00 (UTC)Round 2 Statistical Period: 2026-07-05 10:01 (UTC) to 2026-07-07 10:00 (UTC)Reward per Eligible Participant (in BNB Token Vouchers)1st Place15 BNB15 BNB2nd Place12.5 BNB12.5 BNB3rd Place10 BNB10 BNB4th Place7.5 BNB7.5 BNB5th Place5 BNB5 BNB Promotion Rules: Trading volume of any zero-fee trading pairs is excluded from the final trading volume calculation.Transaction or gas fees will be excluded from the final trading volume calculation for the tournament.All eligible buy and sell orders will be counted towards the cumulative total trading volume.Token vouchers will be distributed to winners by 2026-07-24, and will expire within 21 days after distribution. Users will be able to login and redeem their token voucher rewards via Profile > Rewards Hub.The Spot Trading Volume leaderboard is updated at least once every 24 hours. The Main Reward leaderboard and Sprint Reward leaderboard will be displayed on the separate Sub-Spot landing page respectively. Data sync times vary daily but will always be completed by the end of the day.Only users who have met the minimum qualifying trading volume threshold will be displayed on the leaderboard along with their trading volume. Don’t miss out on this opportunity and share in the rewards now! To view more promotions for new listings on Binance, stay tuned to this page for the latest updates and exclusive opportunities. Guides & Related Materials: How to Spot Trade (App / Web) Terms & Conditions: These terms and conditions (“Activity Terms”) govern users’ participation in the activity above (“Activity”). By participating in this Activity, users agree to these Activity 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 Activity Terms, and any other incorporated terms, the provisions of these Activity 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 verified users who complete the aforementioned criteria for the tournament by the end of the Promotion Period may receive rewards.This Trading Volume Tournament is available to verified new, regular and VIP users enabled for Binance Spot Trading, subject to product (and where relevant, deposit methods’) availability in users’ regions, and may be restricted in certain jurisdictions or regions, or to certain users, due to legal and regulatory requirements.Reward Distribution:All token voucher rewards will be distributed to eligible, winning users by 2026-07-24.Users will be able to login and redeem their token voucher rewards via Profile > Rewards Hub. All token voucher rewards will expire within 21 days after distribution. Winning users should claim their vouchers before the expiration date, and no replacement reward will be provided. Learn how to redeem a Binance voucher.Please note that the actual value of rewards received by a user is subject to change due to market fluctuation.Token voucher rewards are subject to additional terms and conditions.Rewards are not negotiable nor transferable.Once the available rewards have been allocated to users, no further rewards will be provided notwithstanding that an eligible user may have completed the missions.A user’s trading volume in this Trading Volume Tournament will be calculated after the user has opted-in and will be based on the trading volume (i) in their master and sub-accounts, and (ii) on all Spot products, including Spot Trading, Spot Copy Trading and Trading Bots. API trades are allowed. Binance’s calculation of a user’s trading volume is final.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. Rewards that have already been disqualified will not be returned to the prize pool.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 these activities, the eligibility terms and criteria, the selection and number of reward recipients, and the timing of any act to be done, and all participants shall be bound by these amendments.The commencement and operation of the campaign (including the commencement of the Promotion Period) are subject to the successful listing of the relevant token on Binance Spot. If the listing is postponed or cancelled for any reason, the campaign (including the Promotion Period and reward distribution) may be delayed, amended or withdrawn at Binance’s discretion. Binance will not be liable for any loss or inconvenience caused by such changes.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 2026-07-03 Disclaimer: USDC is an e-money token issued by Circle Internet Financial Europe SAS (https://www.circle.com/). USDC’s whitepaper is available here. You may contact Circle using the following contact information: +33(1)59000130 and [email protected]. Holders of USDC have a legal claim against Circle SAS as the EU issuer of USDC. These holders are entitled to request redemption of their USDC from Circle SAS. Such redemption will be made at any time and at par value.

Stellar (XLM) price holds above its 200-day Exponential Moving Average (EMA) at $0.197 on Friday after rallying more than 14% this week. The recovery is supported by robust on-chain activity, with Stellar’s stablecoin market capitalization climbing to a record high and TVL continuing to rise. In addition, improving momentum indicators and a strengthening technical outlook suggest XLM could have room to extend its gains.

Strengthening on-chain activity supports a bullish biasCrypto intelligence tracker DefiLlama data shows that Stellar’s stablecoin market capitalization surged to a record high of 4834.98 million on Friday. This surge indicates continued growth in on-chain liquidity and stablecoin usage, which could support XLM’s long-term price outlook.

Stellar stablecoin market capitalization chart. Source: DefiLlamaIn addition, Stellar’s TVL increased from $199 million on Monday to $223 million on Friday, indicating growing activity and interest within the ecosystem. It suggests that more users are depositing or utilizing assets within XLM-based protocols, adding further bullish credence.

Stellar TVL chart. Source: DefiLlamaStellar Price Forecast: XLM closes above key 200-day EMAStellar price trades above $0.199 on Friday, up over 15% so far this week. XLM is holding a modestly bullish near-term bias as price sits above the 50-day, 100-day, and 200-day Exponential Moving Averages (EMAs), which cluster between roughly $0.186 and $0.197, suggesting underlying demand on dips. 

The Relative Strength Index (RSI) at about 53 keeps a neutral-to-positive tone, while the Moving Average Convergence Divergence (MACD) indicator hovers around the zero line, hinting at a consolidative phase rather than an impulsive breakout.

On the topside, initial resistance is defined by the 61.8% Fibonacci retracement at $0.200, with further barriers at the 50% retracement near $0.218 and subsequent Fibonacci levels at $0.237 and $0.260. 

On the downside, immediate support is seen at the 200-day EMA around $0.197, followed by the 50-day EMA near $0.190 and the 100-day EMA at $0.186; a deeper pullback would expose the horizontal support at $0.177 and the 78.6% Fibonacci retracement at $0.173, ahead of a more distant floor near $0.142.

(The technical analysis of this story was written with the help of an AI tool.)

Standard Chartered and Circle are bringing USD Coin [USDC] closer to traditional banking. This new partnership will help institutions mint and redeem USDC through bank-led rails, starting in Dubai’s DIFC.

USDC minting moves to Standard Chartered’s banking platform Standard Chartered and Circle have created a way for institutional clients to mint and redeem USDC through a bank-led process. This would be instead of setting up separate accounts directly with Circle.

The financial giant has stated that it is the first Global Systemically Important Bank to offer this kind of USDC service. According to its statement, the company announced,

By embedding USDC access directly within Standard Chartered’s institutional offering, Standard Chartered will bring together banking, custody, and digital asset services within one integrated offering…

The first rollout will happen through the Dubai International Financial Centre, with expansion to other markets planned. The service is said to also support payment-related use cases later.

The scale makes it that much important This development comes at a good time though, especially since stablecoins are no longer a niche product. In fact, Artemis showed that USD-pegged stablecoin supply has nearly doubled over the past 24 months. We went from about $160 billion to around $300 billion by July 2026.

Source: Artemis While USDT [Tether] still leads the market, Circle’s USDC is still the second-largest stablecoin. It is also one of the greater corporate plays in the space. That becomes important when you think of Standard Chartered’s move, with the bank building access around a stablecoin that already has scale.

USDC supply has stayed around the $70 billion-$80 billion range in recent months, so that demand has held up even with new issuers entering the market. So, while stablecoins may have multiple long-term winners, Circle is still one of the names institutions are most likely to work with.

Final Summary Standard Chartered and Circle will let institutions mint and redeem USDC. USDC is the second-largest stablecoin, with 70B-$80B in supply.

Source: Binance EN

This is a general announcement. Products and services referred to here may not be available in your region. Terms and conditions apply. Fellow Binancians, Binance is excited to launch the July Referral Tournament! Invite friends to join Binance and complete required tasks to compete for a share of the 50,000 USDC leaderboard prize pool or unlock up to 100 USDC in milestone rewards. Top referrers can win up to 5,000 USDC in token vouchers. Promotion Period: 2026-07-03 08:00 (UTC) to 2026-07-31 23:59 (UTC) Join the Tournament Now! Promotion A: Invite Friends & Compete for Up to 5,000 USDC Eligible Binance users can participate in the Leaderboard Competition by inviting the highest number of Qualified New Traders during the Promotion Period. How to Participate: Step 1: Click [Join Now] on the activity page.Step 2: Invite new users to register using your Referral Pro Link/ID.Step 3: Encourage your referrals to become Qualified New Traders to climb the leaderboard. *A Qualified New Trader is a new user who registers via the participant's Referral Pro Link/ID during the Promotion Period and completes all of the following tasks: Logs in to the Binance App at least once;Top up at least 20 USD equivalent via Fiat deposit, Buy Crypto or P2P; andCompletes at least 100 USD equivalent in trading volume via Convert or Spot. Leaderboard Reward Structure To qualify for leaderboard rewards, participants must meet both the minimum number of Qualified New Traders and the minimum cumulative trading volume generated by new referred friends. The leaderboard is updated by T+2 basis. The final leaderboard, reflecting the total number of new traders after completing risk check, will be confirmed by 2026-08-03 (T+2). Eligible Users’ Rankings Based on the Number of Qualified New Traders Invited During the Promotion PeriodReward Per Eligible User(in USDC Token Voucher)Eligible Referrer’s RequirementsMinimum Qualified New Traders invited During the Promotion PeriodAndMinimum Cumulative Trading Volume (USD) via Spot & Convert Generated by New Referrals Invited During the Promotion Period 1 Place5,000 USDC300$1,000,0002 Place4,000 USDC250$800,0003 Place3,000 USDC200$600,0004 - 10 Places1,500 USDC each100$300,00011 - 30 Places625 USDC each50$100,00031 - 50 Places450 USDC each25$50,000Remaining Eligible ParticipantsEqually share 6,000 USDC (capped at 100 USDC each)5$3,000 Notes: Participants will be ranked based on the number of Qualified New Traders invited during the Promotion Period.If two or more participants invite the same number of Qualified New Traders, the participant who joined this promotion earlier will rank higher. Promotion B: Invite Friends & Unlock Milestone Rewards During the Promotion Period, eligible Binance users (excluding Affiliate users) can invite Qualified New Traders to unlock milestone rewards. Rewards are limited and available on a basis based on the participation time. Milestone Reward Structure Qualified New Traders Invited During the Promotion PeriodReward Per Eligible Referrer (in USDC Token Voucher)Reward Cap15 USDCFirst 1,000 Eligible Referrers320 USDCFirst 500 Eligible Referrers10100 USDCFirst 200 Eligible Referrers Notes: Each participant may receive one Milestone Reward only. Rewards are not cumulative.Participants who qualify for multiple milestones will receive the reward for the highest milestone achieved.Promotions A and B are mutually exclusive, and users who qualify for rewards under both promotions will only receive the reward with the higher value. Promotion C: New Referral Exclusive – Complete Tasks to Receive Up to 15 USDC The first 10,000 eligible new users who register using a participant's Referral Pro Link/ID and complete all required tasks will be able to claim a reward valued between 2 USDC and 10 USDC on the activity page during the Promotion Period, while supplies last. How to Participate: Eligible new users must complete all of the following tasks during the Promotion Period and pass Binance's risk assessment: Log in to the Binance App.Top up at least 20 USD equivalent via Fiat deposit, Buy Crypto or P2P; andCompletes at least 100 USD equivalent in trading volume via Convert or Spot. Earn Extra 5 USDC in Reward by Competing bStocks Trade Tasks: In addition to the above, the first 5,000 eligible new referrals who complete all required tasks and subsequently trade at least 50 USD equivalent of bStocks during the Promotion Period will each receive an additional 5 USDC token voucher. Terms & Conditions: Only users in certain regions are eligible to join this Promotion. Users may refer to the activity page for their eligibility to participate. Users in restricted regions are disqualified from participating in the Binance Referral Program as referrers or referred users.These terms and conditions (“Activity Terms”) govern users’ participation in the Referral Campaign (“Activity”). By participating in this Activity, users agree to these Activity 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 Activity Terms, and any other incorporated terms, the provisions of these Activity 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.Rewards from this Promotion are mutually exclusive with certain Affiliate-exclusive campaign rewards. If a user earns a reward in an Affiliate-exclusive campaign, they will not be eligible to receive rewards from this Promotion. Binance reserves the right of final decision.Binance will use the price of the USDC trading pair at the time of trading to calculate the value of the trades completed on Binance Spot and Convert during the Promotion Period. If there is no USDC pair for a specific cryptocurrency, it will be converted to another token or coin with a USDC pair to determine its value. Trading volume from Spot zero-fee trading pairs and the excluded token conversion via Convert during the Promotion Period will not be counted toward the leaderboard calculation and new user’s trade task. Excluded Spot zero-fee trading pairs: FDUSD/USDT，AEUR/USDT，BTC/U，EUR/EURI，EURI/USDT，FDUSD/USDC，KGST/USDT，RLUSD/U，RLUSD/USDT，TUSD/USDT，U/USDC，U/USDT，USD1/U，USD1/USDC，USD1/USDT，USDC/USD，USDC/USDT，USDP/USDT，USDT/USD，XUSD/USDTExcluded Convert trade: FDUSD/USDT，USDC/USDT，TUSD/USDT，U/USDT，BUSD/USDT，USDP/USDT，DAI/USDT，GUSD/USDT，EURS/USDT，USDN/USDT，RSV/USDT，U/USDC，USDC/BUSD，BUSD/USDP，USDC/TUSD，DAI/USDC，FDUSD/TUSD，DAI/TUSD，FDUSD/USDC，DAI/FDUSD，AEUR/EUR，BUSD/FDUSD，EUR/EURIIf multiple users have an equal achievement in Promotions A & B, their rankings will be determined by the time they opted in, with earlier opt-ins receiving higher priority. And if a user at a certain rank on the leaderboard does not meet the minimum criteria required for that rank, the reward for that rank will be forfeited. The user will instead receive the reward for the highest rank for which they meet the minimum criteria, and all subsequent ranks will be adjusted accordingly.Each new user can only be referred to Binance via one referral mode. If a new user registers for a Binance account via Referral Pro mode, the referrer will not be eligible for any rewards from limited-time activity referral ID/link nor Referral mode.Sub-accounts cannot be used to participate in this Promotion as either a referrer or a referral. Spot trades that are completed with a sub-account will not count toward the trading volume requirement.Any references to “$” means “United States Dollar”, unless otherwise stated.Reward Distribution:Eligible users must complete account verification (KYC) during the Promotion Period to receive the corresponding rewards. Rewards for Promotion A & B and the additional 5 USDC rewards will be distributed in token vouchers by 2026-08-21 after the Promotions end. Users will be able to log in and redeem their token voucher rewards via Profile > Rewards Hub. The rewards worth up to 10 USDC for new invited referrals in Promotion C are available to be claimed on the activity page during Promotion Period on a first-come, first-served basis, determined by user’s task completion time. The validity period to claim the token voucher is set at 7 days from the day of distribution. Users should redeem the token vouchers before the expiry date. Thereafter, the token vouchers will become invalid. Learn how to redeem a voucher. Binance 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 to disqualify and revoke rewards for participants who engage in dishonest or abusive activities during the Promotion, including but not limited to registering from the same IP or device, bulk-account registrations to farm additional bonuses and any other activity in connection with unlawful, fraudulent, or harmful purposes.At Binance's sole discretion, user participation will be considered without effect and users will automatically be excluded, disqualified and prevented from accumulating benefits, in cases where it is identified: Any violations of Binance's Terms of Use and other legal terms, as well as attempted or proven fraud, human and/or through the use of technology; Manipulation of results or failure to fulfill the requirements and provisions set forth in these Terms and Conditions; Completion, by the user, of incorrect, outdated, mistaken information or filled with untrue information, and may also be liable for the crime of ideological or documental falsehood; Registrations and participations for which any technological means have been used or there are indications of their use, whether electronic, computerized, digital, robotic, repetitive, automatic, mechanical and/or analogous, with the intention of automatic and/or repetitive reproduction of registrations, identical or not, which will also result in the nullity of all registrations and participations made by the user who has used one of the aforementioned means or for one of the aforementioned purposes, even if not all registrations or participations have resulted from the use of such means and/or were carried out with such purpose.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 these activities, 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 2026-07-03 Disclaimers: USDC is an e-money token issued by Circle Internet Financial Europe SAS (https://www.circle.com/). USDC’s whitepaper is available here. You may contact Circle using the following contact information: +33(1)59000130 and [email protected]. Holders of USDC have a legal claim against Circle SAS as the EU issuer of USDC. These holders are entitled to request redemption of their USDC from Circle SAS. Such redemption will be made at any time and at par value.EURI is an e-money token issued by Banking Circle S.A (https://www.bankingcircle.com/). EURI’s whitepaper is available here. You may contact Banking Circle using the following contact information: +44 (0)7867254482 and [email protected]. EURI purchasers can exchange their EURI at par value for funds denominated in the official currency that the EURI is referencing (EUR) for the monetary value of the EUR held by Banking Circle for the purchaser of the EURI. Trade on-the-go with Binance’s crypto trading app (iOS/Android) Find us on TelegramXFacebookInstagram Binance reserves the right in its sole discretion to amend or cancel this announcement at any time and for any reasons without prior notice. Disclaimer: Digital asset prices are subject to high market risk and price volatility. The value of your investment can go down or up, and you may not get back the amount invested. You are solely responsible for your investment decisions and Binance is not liable for any losses you may incur. Past performance is not a reliable predictor of future performance. You should only invest in products you are familiar with and where you understand the risks. You should carefully consider your investment experience, financial situation, investment objectives and risk tolerance and consult an independent financial adviser prior to making any investment. This material should not be construed as financial advice. For more information, see our Terms of Use and Risk Warning. BStocks Tokenized Securities are Certificates representing Financial Instruments (paragraph 92, Schedule 1 to FSMR), traded on Nest Exchange Limited. BStocks represent an interest in underlying securities held by the Issuer and do not confer direct ownership of the underlying shares or stock. Ensure trading is lawful in your jurisdiction before proceeding. Tokenized Securities are high-risk products subject to market, liquidity, and price volatility risk — you could lose your entire investment. They do not represent ownership of, or any affiliation with, the underlying asset's issuer. Redemption, fees, and pricing adjustments are subject to the relevant Prospectus. 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TLDR: Ironwood testnet activates with two independent consensus implementations built by separate teams. Zcash reduced ten-note wallet migration times from around 15 minutes to about 2.5 minutes. Multi-transaction signing now supports more than 11 transactions through a single QR code. Mainnet activation could occur around July 21 as audits and ZIP specifications near completion. Zcash is moving forward with its Ironwood network upgrade after confirming a scheduled testnet activation. The update introduces new consensus changes and major wallet performance improvements ahead of a planned mainnet deployment. 

Development teams have also completed two independent consensus implementations for the upgrade. The work marks one of the most advanced testnet preparations recorded for a Zcash network upgrade.

Zcash Ironwood Testnet Upgrade Brings Dual Consensus Implementations Zcash developer Dev announced that the Ironwood testnet upgrade would activate on July 4. The release includes two independently developed consensus implementations.

One implementation came from Valar Group, while the other was built by the Zcash Foundation. According to Dev, the Valar Group version has already entered the audit process.

Zcash testnet is updating for Ironwood tomorrow!

We have two independently developed consensus implementations of it. One by @valargroup, and another by @ZcashFoundation. @valargroup's is in audit as well.

We have a desktop wallet fork with migration code you can try! If you…

— Dev 🧪 (@zkDragon) July 2, 2026

The teams also released a desktop wallet fork that supports migration testing on the testnet. Users with Keystone development devices can update firmware and test migration functions before the mainnet launch.

The upgrade introduces multi-transaction signing through a single QR code. Dev said the feature required extensive work behind the scenes and represented a major technical milestone for the testnet.

Contributors from zodl also participated in the process. The group worked on technical specifications, wallet libraries, circuit updates, and application programming interfaces supporting Ironwood.

Zcash Wallet Performance Improves Ahead of Mainnet Activation Development updates shared by Dev showed major gains in wallet migration performance. The time needed to complete a ten-note migration fell from around 15 minutes to approximately two and a half minutes.

Inbound QR scanning dropped from three minutes to one minute. Loading and transaction review declined from two minutes to 45 seconds.

The signing process posted the largest improvement. Signing time fell from roughly nine minutes to about 37 seconds.

Outbound QR scanning also became faster. The process now takes about 10 seconds compared with roughly one minute previously.

In a separate update, Zcash developer Sean Bowe said all Ironwood consensus rule changes had been implemented and were undergoing audits. 

He added that the specifications and Zcash Improvement Proposals, known as ZIPs, were approaching their final state.

UPDATE: Over the last couple weeks we've made huge progress on Ironwood activation in Zcash!

1. All of the consensus rule changes have been implemented, and have been undergoing auditing for some time now. Specifications / ZIPs are published and nearing their final state.
2.… https://t.co/rjQSHM1uox

— Sean Bowe (@ebfull) July 2, 2026

Bowe also said developers expected readiness for a mainnet activation around July 21. He confirmed that the official testnet activation was scheduled for the following day and noted that the Zebra release supporting Ironwood should become available around the same time.

According to Bowe, sufficient mining hash rate already signals technical readiness for the mainnet upgrade. He noted that some wallets may not support Ironwood immediately, although alternative options and testnet preparation time remain available before activation.

Shielded Labs has raised the possibility of delaying Zcash's Ironwood network upgrade, warning that ecosystem participants like exchanges, mining pools and wallets may not have enough time to prepare their systems for the planned activation in late July. 

Jason McGee, executive director of Shielded Labs, said in a Zcash community forum post that two major projects are moving forward at the same time. Alongside Ironwood, infrastructure providers are being asked to replace Zcash’s longstanding node and wallet software, zcashd, with a new collection of tools known as the Z3 stack.

The concerns highlight the trade-off between quickly restoring confidence in Zcash’s shielded supply and giving ecosystem participants enough time to deploy and audit the new infrastructure safely. 

Ironwood was proposed after researchers discovered an “infinity” bug in Orchard, Zcash’s main private transaction pool. The flaw could theoretically have allowed an attacker to create an unlimited amount of counterfeit ZEC tokens inside the pool without detection. Developers said there was no evidence that the pool had been exploited. However, Orchard's privacy features make it impossible to prove that no fake coins were created. 

Source: Zooko Wilcox

Ironwood rollout collides with Zcash software migrationIronwood would open a replacement private pool and prevent new activity inside the existing Orchard pool. Funds leaving Orchard would have to pass through an accounting checkpoint that prevents more ZEC from exiting than what originally entered. This would allow users to verify that the circulating supply remains within Zcash’s intended limits. 

At the same time, Zcash is retiring zcashd, the software used by many ecosystem participants to connect to the network and process transactions. Its replacement stack includes Zebra for operating a network node, Zaino for supplying blockchain data to applications and Zallet for wallet functions. 

The network's official guidance documents said operators may need to modify their systems as some zcashd functions will not have direct replacements. 

McGee said Zallet and Zaino were still under development and not ready for production use. Feedback gathered from infrastructure providers suggested that some expect to be ready by late July, while others need more time, he added.

McGee said no delay has been finalized. 

Zcash founder Zooko Wilcox said security reviews had found no additional serious bugs so far and that developers are also working to verify the new system before Ironwood activates. 

Magazine: Bitcoin decouples from tech stocks, Ether eyes ‘selling wave’: Market Moves

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Aave recent rally may have cooled, but its network activity suggests adoption is still accelerating.

AAVE price rose close to 30% from June 24 to 26. During this period, the cryptocurrency jumped from around $72 to nearly $95 before correcting to about $85. 

Since then, the DeFi token has consolidated. However, on-chain data show that user growth has continued.

What’s Happening With Aave?On June 30, Aave added 1,806 new wallet addresses. This represents nine times its average of around 200 new addresses per day in the spring, Santiment reported.

Interestingly, the surge was not confined to a single day, unlike many short-lived spikes in crypto activity.

From June 24 to June 30, the creation of new addresses remained between four and nine times its baseline every day. This means that the demand for the protocol is ongoing rather than just a short-lived speculative interest.

Network engagement also increased over the period. Daily Active Addresses (DAA) remained above 2,200 throughout the week, peaking at 3,144 on June 26, around the time of AAVE’s price breakout.

June 30 also marked Aave’s largest single-day jump in new wallet creation since October 2021, when decentralized finance activity was near its previous cycle high.

The jump came on the back of the launch of Aave V4’s Global Dollar Hub on Ethereum. 

For those unfamiliar, the new infrastructure allows users to post Pendle Principal Tokens backed by Paxos’ USDG stablecoin as collateral to borrow assets such as USDC and USDT, expanding the protocol’s functionality for institutional and advanced DeFi users.

Deposit Rise in the HubAt the time of writing, data from AaveScan shows the PT-USDG Global Dollar Hub held approximately $14.8 million in supplied assets shortly after launch.

While deposits increased steadily throughout the day, the market experienced a late-session jump. This pushed the total supplied liquidity to nearly $15 million.

For context, the PT-USDG market currently allows users to supply Pendle Principal Tokens backed by USDG as collateral.

As more liquidity enters the hub, borrowers gain deeper access to stablecoin liquidity, potentially increasing borrowing activity and overall protocol utilization as adoption expands.

Therefore, the continued rise in new wallets, despite the pullback in the price of AAVE, suggests that the recent growth may be more due to protocol adoption.

Should the trend continue, increasing network activity may help AAVE remain a key pillar, despite the broader crypto market remaining under pressure.

What It Means for the AAVE PriceIn the meantime, the rise in new wallets does not promise higher AAVE prices. However, it is generally viewed as a positive signal for the cryptocurrency.

The persistent growth of new and active addresses indicates real network activity. This contradicts the speculative short-term trading the token experienced for some time.

Historically, times of increasing user adoption have provided a stronger basis for price appreciation.

What is notable about Aave is the timing. If the V4 Global Dollar Hub continues to attract borrowers and liquidity providers, this on-chain activity could translate into increased protocol revenue and increased investor confidence over time.

However, the AAVE price will likely need to reclaim the $90 region in the short term to confirm that buyers are back in control going forward. 

A breakout above that area could lead to another try at the key $100 level.

On the downside, a loss of support around $80 could see further profit taking and stall any sustained recovery, even if network fundamentals remain strong.

Benzinga Disclaimer: This article is from an unpaid external contributor. It does not represent Benzinga’s reporting and has not been edited for content or accuracy.

Market News and Data brought to you by Benzinga APIs

© 2026 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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Hedera has announced that Fireblocks now supports the Hedera Token Service (HTS), opening up institutional-grade custody for native HTS assets through the Fireblocks platform.

What the Integration CoversThe move allows Fireblocks clients to hold HTS tokens alongside their existing digital asset portfolios, with no separate infrastructure or additional setup required. USDC support is live globally from day one, and new wallets no longer need upfront $HBAR funding to get started, removing a longstanding friction point for institutions entering the Hedera ecosystem.

The Hedera Token Service is Hedera's native token issuance and management layer. According to Hedera, it enables the creation of fungible and non-fungible tokens using simple APIs, without relying on smart contracts, and is built for high-throughput operations with predictable fees and fast settlement. Built-in compliance controls include KYC, freeze, and wipe functions, all handled at the consensus layer.

Why Fireblocks Matters for Institutional AccessFireblocks is one of the most widely used institutional digital asset infrastructure platforms available today. The company provides custody, payments, tokenization, treasury management, and network connectivity across 150-plus blockchains to more than 2,400 organizations. Its client base includes major banks, asset managers, and fintechs that rely on the platform for custody and settlement at scale.

For Hedera, landing a Fireblocks integration puts HTS assets directly in front of that institutional client base. The simplified onboarding, particularly the removal of the upfront $HBAR wallet funding requirement, should reduce the operational overhead that has historically made Hedera accounts more cumbersome to provision at scale.

The announcement reflects a broader push by Hedera to build institutional-grade infrastructure partnerships as demand for regulated, on-chain asset management continues to grow.

Sources
Hedera Token Service, Hedera.com
Fireblocks: Leader in Public Blockchain Support Coverage, Fireblocks Blog

Jul 3, 2026, 11:11 a.m.

3 min read

Bitcoin price (CoinDesk data)Summary

Bitcoin recovered to $61,600, up 6.5% from Tuesday's low of $57,750, after weak U.S. jobs data lowered expectations for a Federal Reserve rate hike and lifted Nasdaq 100 futures by 1.9%.Ether dominated the derivatives picture, accounting for $160 million of the $417 million in 24-hour liquidations as heavily bearish positioning was squeezed out, with ETH open interest climbing to its highest since June 10 alongside bullish funding rates and the strongest cumulative volume delta among majors.Uniswap (UNI) was the standout altcoin, surging 11% on doubled trading volume after being confirmed as the primary AMM for Robinhood's layer-2 network, while Solana extended its weekly gain to 17% and AI tokens FET, RENDER and TAO posted modest gains after weeks of selling pressure.The crypto market is ending the week in a healthier position than where it started, with bitcoin BTC$61,657.03 trading at $61,600 after having risen by 6.5% from Tuesday's almost two-year low of $57,750.

Still, the largest cryptocurrency's gains on Friday were muted in comparison with Thursday's 2.6% advance, which benefited from weak U.S. job data that lowered expectations for a Federal Reserve interest-rate increase.

The interest-rate outlook echoed for a second day as the U.S. entered a long weekend with stock markets closed. Ether (ETH) rose for a third straight day to add 11.5% since Tuesday and 2.6% on Friday alone. Other altcoins also advanced, with ADA$0.1689, zcash (ZEC) and dash (DASH) all gaining between 2.2% and 3.1%.

Still, the broader market structure remains bearish across the majority of crypto tokens following a succession of lower highs and lower lows. For bitcoin to reverse the downtrend, it needs to trade back above $67,000 and then take out $81,000, which was the local high in May.

Derivatives positioning Ether replaced bitcoin as the biggest token for 24-hour liquidations. A total of $417 million worth of crypto futures bets were liquidated in 24 hours, of which $160.80 million are from the ether market. BTC, a distant second, notched $97 million. This shows just how bearish positioning on ether was.Ether futures' open interest (OI) still stood at 14.31 million, the most since June 10, with annualized funding rates of nearly 10% and the highest 24-hour cumulative volume delta (CVD) among majors. The combination points to growing demand for bullish exposure in the market, a sign traders are anticipating continued price gains.OI in DOGE futures tallied 14.13 billion tokens, the highest since May 16. The number has been growing since June 28, a sign of renewed demand for leverage. The DOGE situation is similar to ether's bullish picture. While ETH and DOGE have led OI growth over 24 hours, futures tied to HBAR and ZEC have seen the opposite. HBAR has the most negative 24-hour CVD among majors, a sign bears are becoming more aggressive in shorting at market orders than passive limit orders.Most tokens have positive CVD, a sign of bulls' leadership in the market.Both bitcoin and ether 30-day implied volatility indexes continue to slide, reversing the June pop, signaling market calm and potential for continued bullish price action.On Deribit, the most traded BTC options of 24 hours are calls at strikes ranging from $60,000 to $70,000. Call options represent a bullish bet on the market. Ether options show a similar bullish mood, with the $2,500 call seeing the most activity. Block flows featured a large BTC long call condor, a strategy betting on a range play between $66,000 and $68,000 till July 17.Token talkUniswap (UNI) led gains in altcoins following Thursday's announcement confirming that it will be the primary automated market maker (AMM) for the Robinhood layer-2 blockchain.UNI is up by more than 11% in the past 24 hours with daily trading volume doubling to $320 million, still reaping the benefits of its tie-up with Robinhood announced July 1.AI tokens FET, RENDER and TAO also demonstrated positive signs on Friday, rising by between 1.5% and 2.3% since midnight UTC after weeks of sell pressure.CoinMarketCap's "Altcoin Season" indicator is at 46/100, still firmly in the neutral zone it has occupied for the past month as the market awaits a return to risk-on sentiment.Solana (SOL) is leading the rally among crypto majors. It has now surged by more than 17% over the past week, trading at $80 after dropping to as low as $68 the week before.Related Assets

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Building the Zcash Machine: Tachyon and Quantum Readiness

Building the Zcash Machine: Tachyon and Quantum Readiness

Zcash’s Tachyon upgrade aims to scale shielded payments, improve quantum readiness, and test whether its funding, security, and governance can hold.

Jun 30, 2026

Zcash’s Tachyon upgrade aims to scale shielded payments, improve quantum readiness, and test whether its funding, security, and governance can hold.

Why it matters:

Zcash’s Tachyon upgrade aims to scale shielded payments, improve quantum readiness, and test whether its funding, security, and governance can hold.

Solana Gets NYSE Boost as SOL Jumps 19% on Securitize Listing

Securitize has made history by becoming the first newly public company to debut on the New York Stock Exchange and simultaneously launch tokenized versions of its own shares on both Avalanche and Solana, opening a new chapter for blockchain-based equity markets.

A Landmark Day for Tokenized Equities Securitize began trading on the NYSE on July 2, 2026, under the ticker SECZ, following the completion of its merger with Cantor Equity Partners II. Shares opened at $12.45 and closed the day at $12.30. The listing also came with an unusual twist: on the very same day, the company tokenized approximately $295 million of its Class A common stock on Solana and Avalanche, making it what the company describes as the largest issuer-sponsored tokenized stock ever launched at debut.

The tokens are intended to represent the same common stock trading on the NYSE rather than a synthetic product, offshore wrapper, or separate share class. Access to tokenized SECZ requires onboarding, identity verification, and KYC/AML checks, the same compliance process that applies to any regulated securities platform.

CEO Carlos Domingo framed the move as a statement of intent. "Bringing SECZ onchain is not just a milestone for Securitize," Domingo said. "It is a blueprint for public companies that want to use tokenization to create more efficient, transparent and useful ownership experiences for their shareholders."

What It Means for the Broader Market Securitize, a tokenization specialist backed by BlackRock and ARK Invest, is no newcomer to the space. The company manages more than $4 billion in tokenized assets and counts Apollo, BlackRock, BNY, Hamilton Lane, KKR, and VanEck among its asset manager partners. Earlier this year, NYSE parent company Intercontinental Exchange (ICE) partnered with Securitize to develop infrastructure for tokenized equities.

The choice of two blockchains rather than one is deliberate. Avalanche has developed subnet infrastructure specifically for regulated financial applications, while Solana's speed and low transaction costs make it attractive for high-frequency settlement scenarios. Company executives say the dual-chain approach enables 24-hour trading and broader global access to SECZ shares, and have suggested that tokenized IPOs could become common within the next year.

The move comes amid growing efforts to bring public equities onto blockchain rails, as Wall Street embraces tokenization and the debate over tokenization models intensifies. Citi has projected that tokenized securities could reach $5.5 trillion by 2030, while Boston Consulting Group and Ripple estimated the market could grow to $18.9 trillion by 2033.

Sources:
CoinDesk: Securitize Tokenizes $295M of Its Own Stock on Solana and Avalanche Amid NYSE Debut
Decrypt: Securitize Begins Trading on NYSE as Tokenized Shares Land on Solana, Avalanche
TheStreet Crypto: Securitize Brings Its Own Stock Onchain on Solana at NYSE Debut

Upbit and Bithumb, two of South Korea’s leading cryptocurrency exchanges, announced new trading support for Metaplex (MPLX) and Nexus (NEX). However, following its initial announcement, Upbit stated that it had changed the trading start times for both assets.

Accordingly, the trading start date for Metaplex (MPLX), previously scheduled for July 3, 2026 at 3:00 PM, has been postponed to 7:00 PM, while the start time for Nexus (NEX), previously announced as 6:00 PM, has also been moved to 7:00 PM.

According to Upbit’s announcement, MPLX will be traded on the Solana network for BTC and USDT, while NEX will be traded on the Ethereum network for USDT. Deposits and withdrawals for both assets are planned to open within two hours of the announcement’s release. The exchange also stated that the trading start time may be postponed again if sufficient liquidity is not available.

The new listings will also implement various trading restrictions for users. Accordingly, buy orders will be restricted for approximately 5 minutes after the trade opens. During the same period, sell orders cannot be placed at levels more than 10% below the previous day’s closing price. In addition, all order types except limit orders will be temporarily restricted for the first two hours.

Bithumb also announced on the same day that it would add MPLX and NEX to its South Korean won (KRW) market. According to the exchange, MPLX trading was scheduled to begin at 3:00 PM on July 3rd, and NEX trading at 6:00 PM on the same day. Bithumb shared a reference price of 32.09 won for MPLX and 0.0028 won for NEX.

Metaplex is among the prominent projects offering NFT and token infrastructure within the Solana ecosystem, while Nexus stands out as a layer-1 blockchain project combining verifiable computing infrastructure with financial applications. Following their listings, both assets are expected to be closely watched in the South Korean market.

*This is not investment advice.

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9h20 ▪ 6 min read ▪ by Luc Jose A.

Summarize this article with:

The historic volatility of cryptos once again reminded market operators that short-term certainties do not exist in this universe. This Thursday, July 2, the ecosystem recorded a technical reversal, inflicting dry financial losses on investors positioned short. Indeed, this sudden surge, occurring after several days of bearish pressure, redefines the short-term price dynamics for the main market assets. Understanding the mechanisms of such a purge is essential today, as it illustrates the extreme sensitivity of the crypto market to leverage effects and global macroeconomic indicators.

In brief The crypto market rebound triggered a massive liquidation of short positions, with over 600 million dollars wiped out in just 24 hours. Bitcoin, Ethereum, Solana, and XRP saw a clear rebound, driven by a strong short position coverage movement. The latest US economic indicators, notably the slowdown in employment, revived hopes of a Fed monetary policy easing. Shares of major crypto-related companies, like Strategy, Coinbase and Circle, also benefited from this renewed optimism. Bitcoin: cleaning up short positions in the derivatives market The crypto market rebound, after a violent drop, observed over the last 24 hours, completely caught bearish investors’ strategies off guard, causing major price movements and massive losses on derivatives products :

Bitcoin (BTC) surge : the top market crypto surpassed the $62,000 mark for the first time in over a week, reaching a local high at $62,078 after having plunged below $58,000 earlier in the week (a 21-month low). It then stabilized around $61,650, up 3% on the day and 4% on the week ; The scale of global liquidations : the technical purge totaled $602 million in 24 hours, with short positions representing the majority of the carnage with $400 million in net losses ; The case of Ethereum (ETH) : notably, ETH surpassed bitcoin as the top contributor to forced liquidations with $187 million wiped out by its traders, versus $184 million for BTC, taking its price to $1,701 (nearly 5% increase) ; The performances of Solana (SOL) and XRP : Solana jumped nearly 5% for the day to $81, becoming the biggest weekly gainer in the top 10 with over 22% gain. XRP increased over 3% to trade at $1.09. This exceptionally large technical purge demonstrates how quickly forced liquidations can feed into each other. The simultaneous reversal of major altcoins confirms that the market was trapped by an excessive accumulation of highly leveraged short positions, turning a simple technical resistance into a powerful global short position cover rally.

Macroeconomic catalysts and US employment indicators This bullish turnaround in capital markets stems directly from the latest economic releases and the monetary policy directions in the United States. The rebound began following statements by Federal Reserve Chairman Kevin Warsh, who deliberately maintained ambiguity on the institution’s future intentions. Indeed, investors reacted positively when the leader “declined to say whether the agency planned rate hikes, but later this year”.

Following this intervention, interest rate traders now estimate almost equal probabilities regarding the Fed decision to hold or raise rates at the September meeting. However, they still project a 64% probability that a rate hike will occur by the October FOMC meeting.

The upward movement intensified Thursday after the Bureau of Labor Statistics announced that US employers created only 57,000 jobs in June. This figure was much lower than the initial target of 115,000. Moreover, it is a clear decline compared to the revised 129,000 jobs recorded in May.

This marked slowdown in US employment paradoxically boosted global risky assets in particular bitcoin, easing fears of a prolonged monetary tightening by central bankers. While traditional markets reacted mixedly, with the S&P 500 and Nasdaq closing lower and the Dow Jones remaining in the green, the crypto sphere took advantage of this slowdown to initiate its technical relief rally.

Stock market reaction and the surge of Web3-linked stocks The impact of this price rebound was not limited to retail investor portfolios; it also shook the shares of listed crypto sector companies. Michael Saylor’s Strategy, which remains the world’s largest corporate bitcoin holder, saw its stock appreciate nearly 7% to reach $100.

This recovery is all the more significant because the stock had dropped to nearly $80 the previous week. In the same bullish momentum, the American exchange platform Coinbase’s stock rose 3.35% to $165. Circle, issuer of the USDC stablecoin, completed this positive picture by recording a nearly 5% increase to reach $65, showing strong resilience.

However, the future implications of this global movement invite a nuanced analysis of the market’s macroeconomic structure. While this technical rebound validates cryptos’ immediate responsiveness to Fed signals and illustrates the constant danger of leverage for sellers, the overall trend calls for real ethical caution. Taking the necessary perspective, bitcoin still shows a 16 % decline over the last month and trades approximately 52% below its all-time high near $126,000 set in October 2025.

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Luc Jose A.

Diplômé de Sciences Po Toulouse et titulaire d'une certification consultant blockchain délivrée par Alyra, j'ai rejoint l'aventure Cointribune en 2019. Convaincu du potentiel de la blockchain pour transformer de nombreux secteurs de l'économie, j'ai pris l'engagement de sensibiliser et d'informer le grand public sur cet écosystème en constante évolution. Mon objectif est de permettre à chacun de mieux comprendre la blockchain et de saisir les opportunités qu'elle offre. Je m'efforce chaque jour de fournir une analyse objective de l'actualité, de décrypter les tendances du marché, de relayer les dernières innovations technologiques et de mettre en perspective les enjeux économiques et sociétaux de cette révolution en marche.

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.

Key Highlights Solana has surged more than 10% over the last seven days, currently trading near $80.88 Major crypto investors have expressed bullish sentiment, labeling SOL a “massive opportunity” Forward Industries has grown its Solana holdings to exceed 7.5 million SOL tokens Tokenized money market funds managed by Amundi (€2.4T AUM) launched on Solana through Spiko Critical resistance level identified at $94 (200-day MA); immediate support established at $75.85 Solana has demonstrated impressive strength throughout the past week, climbing more than 10% and currently changing hands around $80.88. The blockchain platform, ranked seventh by market capitalization, has delivered better returns than many competing large-cap cryptocurrencies during this timeframe.

Solana (SOL) Price This upward momentum follows SOL’s successful defense of the $70–$72 price floor, marking the third time this year that buyers have protected this critical support zone. Following each successful defense, bullish traders have driven prices higher, with the latest rally pushing SOL back toward a significant multi-month downtrend line.

Prominent crypto analyst Daan Crypto Trades highlighted this technical development on social media, observing that SOL was making an attempt to reclaim its previous trading range — a consolidation zone where it spent approximately four months. He emphasized that when the price fell through this range in early June, it triggered a sharp 20%+ decline. Now that SOL has successfully reclaimed the $78 threshold, he views this as a possible reversal pattern pointing toward the upper boundary of the range, stating that he’s monitoring for sustained closes around that price level.

$SOL Is attempting to retake its previous range which it spend about 4 months consolidating in.

We were tracking this range and expecting a large move to occur once broken, that did happen at the start of june and was quickly followed by a 20%+ down move.

With price now… pic.twitter.com/75vlaAmZMc

— Daan Crypto Trades (@DaanCrypto) July 2, 2026

Corporate and Institutional Adoption Accelerates Forward Industries has significantly expanded its exposure to Solana, bringing its total treasury position to more than 7.5 million SOL after purchasing over 500,000 additional tokens in its most recent fiscal quarter. This pattern of corporate treasury accumulation mirrors a broader movement among companies embracing digital asset strategies.

🚨BREAKING: Forward Industries (@FWDind) is back to buying $SOL.

The largest Solana treasury by holdings bought over 500K $SOL ($39.5M) in fiscal Q3 at an average price of $79, taking its total holdings to 7.55M $SOL. pic.twitter.com/iGHUJBORPv

— SolanaFloor (@SolanaFloor) July 1, 2026

In another major development for institutional adoption, Spiko has introduced tokenized money market funds operating on the Solana blockchain. These funds are administered by Amundi, the largest asset management firm in Europe, overseeing €2.4 trillion in total assets. This initiative represents meaningful progress in bringing traditional financial instruments onto Solana’s blockchain infrastructure.

On-Chain Metrics Remain Robust Solana’s network maintains its position as one of the most active blockchains, consistently handling approximately 100 million transactions each day. The total value locked across the ecosystem currently stands at roughly $4.8 billion, based on data from DeFiLlama.

Metrics tracking active wallet addresses and net capital inflows have shown notable increases in recent sessions. Simultaneously, open interest in SOL futures contracts has expanded alongside the price rally, indicating that new capital is flowing into derivatives markets.

The increase in short liquidations provides additional evidence of the strength behind this move, as bearish traders who positioned against SOL were compelled to exit their positions as prices climbed.

Technical Analysis and Price Targets Solana successfully breached its 50-day moving average at $75.85, converting this previously resistant level into immediate support. The Relative Strength Index currently reads 63.8, indicating healthy bullish momentum while remaining below overbought conditions.

Source: TradingView The immediate technical challenge lies in the $80–$82 zone, where descending trendline resistance intersects with a previous supply area. A decisive daily close above this region would likely clear the path toward $90, with $100 representing the next psychological milestone.

The more significant technical obstacle appears at the 200-day moving average, currently positioned at $94.07. As of the latest update, Solana was trading at $80.88, reflecting a 4.42% gain over the previous 24-hour period.

Ethereum price climbed 6% to $1,713 as the wider crypto market recovered. Bitcoin’s move above $62,000 lifted sentiment across major tokens. Solana, XRP, Cardano, and Dogecoin also gained, adding momentum. Traders now watch whether stronger demand can push ETH toward $2,000 next week amid improving risk appetite and volume signals.

Crypto Market Recovery Fuels Fresh Demand The crypto market rose 2.71% in 24 hours, pushing its value to $2.14 trillion. That action gave traders renewed confidence following a number of poor performances.

Bitcoin price outlook also fluctuated around the level of $62,000, which contributes to the broader recovery. Bitcoin strength, as usual, boosted demand in major altcoins.

Ethereum price rose by almost 10% throughout the week, with more robust short-term momentum. Solana price has also risen 18%, and Cardano and XRP prices rebounded.

Meanwhile, short sellers were under intense pressure as prices were reversed. Short positions were liquidated to the tune of about 281 million in the market.

US Iran Peace Talks Improve Sentiment ETH price was also boosted by the relaxed tensions in the Middle East. It was reported that the US officials suspected that Israel might attack Iranian negotiators.

The suspected targets included Abbas Araghchi and Mohammad Bagher Ghalibaf. The two personalities were associated with delicate negotiations between Iran and Washington.

US officials allegedly warned Iran using regional intermediaries. They feared any strike could end talks and restart the conflict.

But market response is now indicating that traders perceive reduced war risk. The oil prices fell to a 4-month low.

The fact that the oil prices are lower can ease the issue of inflation in all their markets worldwide. Thus, the risk assets tend to appreciate as the energy pressure begins to diminish.

🇺🇸🇮🇷 Tanker traffic through the Strait of Hormuz over the past 24 hours shows a clear split

The majority of vessels using the Iranian route are either headed to, or leaving Iran.

Whilst tankers traveling elsewhere are using the Omani route, which is still being protected by U.S…

— Mario Nawfal (@MarioNawfal) July 3, 2026

Tanker traffic through the Strait of Hormuz still remains below normal. However, markets seem not to be so concerned about the broader war in the region.

This reduced waving contributed to the crypto prices gaining momentum more effectively. Consequently, further peace development would be beneficial to Ethereum price.

ETF Inflows Support Ethereum Price Outlook ETF flows added another reason for a possible Ethereum price rally. Spot Ethereum ETFs had their first inflows since mid-June.

The products had faced a difficult period during June. The net outflows amounted to approximately 529 million during the month.

However, July opened with stronger demand from investors. Spot Ethereum ETFs experienced net inflows of 14.9 million on July 1.

Bitcoin Spot ETFs See $222M Net Inflow After 10-Day Outflow Streak

On July 2 (ET), Bitcoin spot ETFs recorded a total net inflow of $222 million, turning positive after 10 consecutive days of net outflows. Ethereum spot ETFs recorded a total net inflow of $29.08 million. pic.twitter.com/LP3UjuQPJV

— Wu Blockchain (@WuBlockchain) July 3, 2026

The improvement continued on July 2, with another $29.08 million entering Ethereum ETFs. That demonstrated that demand was coming back following weeks of strain.

Spot ETFs that track Bitcoin also became positive following ten consecutive outflow days. They recorded $222 million in net inflows on July 2.

Ethereum Price Analysis: Key Levels To Watch The Ethereum breached the $1,700 mark following consistent purchasing in the short-term market. The shift brought ETH close to one of the resistance points, and now, the next target is $1,800. 

The MACD is also bullish, with the blue line on top of the signal line. The histogram remains positive as well, indicating that upward pressure is still active. With this strength, the full ETH forecast report may first test $1,800 before it moves any further toward $2,000.

In the meantime, RSI is close to 71, indicating an overbought region. This reading presents a great momentum.

Source: ETH/USDT 4-hour chart: Tradingview On the downside, $1,700 now serves as the first support level. Any fall below that level might reveal $1,600 once more. With the increased selling, ETH can revisit the $1,560 demand zone before attempting another recovery.

Bitcoin climbed above the $61,000 mark and the recovery was led by macro data, as weaker U.S. jobs numbers increased expectations that the Federal Reserve may shift toward a less restrictive policy stance. The cryptocurrency was trading at $61,739 mark.

In the past 24 hours, Bitcoin was up 2.80% and Ethereum was up 6.24% to trade at $1,716 mark. Among the major altcoins, BNB, XRP, Solana, Tron, Hyperliquid, Dogecoin, and Cardano gained upto 6.68%.

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Riya Sehgal, Research Analyst, Delta Exchange said the move is still a relief rally, not a confirmed reversal. For Bitcoin, $62,200 is the first resistance. A sustained move above this level can open room toward $64,000–$65,000.

ETF flows have improved for Bitcoin but remain uneven, while Ethereum ETF flows are largely flat, Sehgal further said. Bitcoin picked up to $62,000 after whales added 270,000 BTC, forcing $130M short losses and the fear and greed index has risen to 22, as the market sentiments improve but still remain under fear, said CoinDCX Research Team.

The global crypto market capitalisation went up 2.64% to $2.13 trillion, according to CoinMarketCap.

In the past week, Bitcoin and Ethereum were up 1.97% and 8.68% respectively. Among the major altcoins, XRP, Solana, Hyperliquid, Dogecoin, and Cardano gained upto 14.91% whereas BNB and Tron were down 1.25% and 1.15% respectively.

CoinSwitch Markets Desk said BTC staged a rebound towards $62K, driven primarily by a short squeeze. However, the broader backdrop remains mixed. Institutional demand remains weak due to persistent ETF outflows, while higher bond yields continue to compete with risk assets.

The next major directional move will likely depend on macroeconomic conditions, institutional flows, and whether BTC can sustain momentum above $62K toward the $65K resistance, CoinSwitch Markets Desk further said.

Here is what other analyst say

Avinash Shekhar, Co-Founder & CEO, Pi42: Bitcoin’s rebound following weaker-than-expected U.S. jobs data underscores how closely crypto markets are tracking macroeconomic expectations. For investors, the conversation is gradually shifting from “how low can prices go” to “when does liquidity begin returning to the market.

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Nischal Shetty, founder, WazirX: Bitcoin recovered above the $60,000 mark as investors responded positively to expectations of a more accommodative monetary policy, while Ethereum ETFs recorded fresh inflows, signalling renewed institutional interest.

Vikram Subburaj, CEO, Giottus: The recovery above $60,000 has helped stabilise market sentiment. This follows this week's decline towards $58,000. However, it is still not enough to confirm a durable trend reversal.

Akshat Siddhant, Lead quant analyst, Mudrex: On-chain data shows Bitcoin exchange inflows have climbed above 50,000 BTC per day, along with Ethereum exchange inflows exceeding 1.25 million ETH. Historically, such spikes in exchange deposits have often been followed by increased volatility, including June’s decline to $58,000.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)

If you have any mutual fund queries, message on ET Mutual Funds on Facebook/Twitter. We will get it answered by our panel of experts. Do share your questions on [email protected] alongwith your age, risk profile, and twitter handle

Table of contents

Yesterday I told you $80 was the test that would decide whether Solana’s rally was another bounce or a trend change. Well, the test just happened. SOL is trading at $80.84, up 4.3% on the day and nearly 15% on the week, cleanly through the level that rejected it three times during this correction (live SOL price on CoinGecko). And while the price was breaking out, the network quietly hit two milestones that make this rally different from the failed ones. Let me show you both, and then the honest work that still remains.

The breakout, and why this attempt is different First, the price. SOL pushed through $80 with the broad market at its back: Fed Chair Warsh signaled inflation risks have eased, a short squeeze liquidated $281 million in bearish bets, and Bitcoin reclaimed $61,000 with five straight days of ETF inflows. Solana, already the strongest major coin for weeks, led the charge again.

The chart now reads like this: the next resistance sits at $82.73, and analysts see a clean break there opening the path toward $87, with the bigger recovery scenario toward $120 that traders have been eyeing since the $80 debate began. Support is $77, the level the breakout needs to defend. Momentum indicators are healthy but stretched, which is normal after a 15% week: strong trends pause, and a pause is not a failure.

Milestone one: tokenized stocks just beat memecoins Here is the development that genuinely excites me, because it answers Solana’s oldest criticism. For the first time ever, tokenized stocks overtook memecoins as a share of Solana’s daily trading, and a day later tokenized stock volume hit an all-time high of $644 million in a single session.

Think about what that means. The knock on Solana was always that its impressive numbers ran on speculative memecoin churn that could vanish overnight. Now the biggest activity category on the network is real-world equities trading on-chain, the use case Wall Street actually cares about. Add the freshest proof point: Securitize, on the day of its NYSE debut, tokenized $295 million of its own stock on Solana, the largest issuer-sponsored tokenized stock ever at launch. The network is not just hosting the tokenized-stock boom; it is becoming its home field, with roughly 95% of global volume.

Milestone two: Solana got a formal voice The second milestone is quieter but matters for the long game: Solana launched on-chain governance this week. Validators with at least 100,000 SOL delegated can now open formal proposals that go to a stake-weighted vote, and stakers can even overrule how their validator votes.

Why care? Because one criticism of Solana versus Ethereum has been informal, foundation-heavy decision-making. A formal, stake-weighted governance system professionalizes how the network evolves, exactly the kind of institutional maturity that matters as Wall Street moves billions onto the chain. Combined with the Alpenglow upgrade, which co-founder Anatoly Yakovenko says could hit mainnet as early as Q3, cutting settlement from about 12 seconds to 150 milliseconds, the network’s grown-up era is arriving on schedule.

Now the honest part, because I promised Two caveats deserve your attention. First, an uncomfortable detail in the tokenized-stock triumph: Solana’s fees are so cheap that billions in stock trading translate into surprisingly little direct demand for the SOL token itself, and SOL’s own ETFs were roughly flat in June. This rally is being carried by traders and network momentum, not fund flows, which means it has to keep proving itself week by week.

Second, the usual macro truth: SOL just rose 15% in a week, indicators are stretched, and if the jobs data or the Fed disappoints, the highest-beta winners give back gains fastest. A pullback to retest $77, or even the $73 support below it, would be normal and healthy, not a broken thesis.

The levels worth watching Above: $82.73 is the immediate gate, then $87, with the $120 recovery scenario alive as long as the breakout holds. Below: $77 is the line the bulls must defend, then $73. Holding above $77 keeps this a confirmed breakout; losing $73 would send it back to the drawing board.

Bringing it together Solana at $80.84 just passed the test we flagged, breaking the level that stopped it three times, with a 15% weekly gain, tokenized stocks overtaking memecoins for the first time, a $644 million single-day tokenization record, the Securitize NYSE-day listing, and formal on-chain governance going live. The breakout has real substance behind it.

The work now is holding it: $77 must survive any pullback, the $82.73 gate is next, and the rally needs fund flows to eventually join the party. But step back and look at what changed this month: Solana went from “the resilient one” to the network Wall Street trades stocks on, with a breakout chart to match. Watch $82.73 above and $77 below, and enjoy a test passed honestly.

FAQ What is the Solana price today? Solana is trading at $80.84 on July 3, 2026, up 4.3% on the day and nearly 15% on the week, breaking above the key $80 resistance that had rejected it three times during the correction.

Why is Solana going up? SOL broke out amid a market-wide rally sparked by dovish Fed comments and a $281 million short squeeze, on top of Solana-specific strength: tokenized stocks overtook memecoins on the network for the first time, hitting a record $644 million in one day, and on-chain governance launched.

What happens after Solana breaks $80? The next resistance is $82.73, with a clean break opening the path toward $87 and keeping the larger $120 recovery scenario alive. Support at $77 is the level the breakout must defend, with $73 below it.

What are Solana’s tokenized stock milestones? Tokenized equities overtook memecoins as a share of Solana’s daily trading for the first time, single-day volume hit an all-time high of $644 million, and Securitize tokenized $295 million of its own stock on Solana during its NYSE debut. Solana handles roughly 95% of global tokenized stock volume.

What is the risk to Solana’s rally? SOL’s fees are so low that tokenized-stock volume creates little direct token demand, and its ETFs were flat in June, so the rally runs on trader momentum rather than fund flows. After a 15% week, a pullback to retest $77 or $73 would be normal.

This is not investment advice. Cryptocurrency is highly volatile. Always do your own research.

The Solana Foundation launched a fully onchain governance system on July 1, 2026, giving validators and SOL stakers a formal, binding mechanism to vote on protocol-level decisions for the first time in the network’s history.

The system, called Solana Governance Proposals, or SGPs, is stake-weighted, Merkle-verified, and live at governance.solana.com, according to the Foundation’s announcement.

The central design question SGPs answer is not technical implementation but intent: OCC Research describes the model as a “representative democracy with voter override,” where validators cast votes by default but any individual staker can directly override that vote with their own stake weight deducted from the validator’s total.

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How the Solana SGP System Actually Works Any validator with at least 100,000 SOL delegated, roughly $7.7 million at launch prices, can submit a proposal. That threshold filters out spam while keeping the system permissionless for sufficiently large operators.

Before a formal vote opens, the proposal must first collect endorsements representing at least 15% of cluster stake; proposals that fall short simply expire.

Once that support threshold clears, the proposal runs an approximately 11-epoch lifecycle: seven epochs for community discussion, one epoch for a Node Consensus Network (NCN) snapshot that locks in voting weights, and three epochs for the formal vote.

1/ Solana onchain governance is live🗳️

Validators can now propose, support, and decide core protocol decisions via Solana Governance Proposals (SGPs)

These are fully onchain, stake-weighted, and verified by Merkle proof 👇 pic.twitter.com/9Lpskle5L6

— Solana Foundation (@SolanaFndn) July 1, 2026

Each epoch on Solana lasts roughly two days, making the full process around 22 days end-to-end. To pass, an SGP needs at least 66.67% of For-plus-Against votes to vote in favor; abstentions are excluded from the denominator entirely.

The cryptographic backbone runs on two onchain programs: ncn-snapshot, which builds a canonical Merkle tree of validator stake from the Solana ledger, and svmgov, the voting program that checks every ballot cast against that tree.

A small committee of roughly seven to ten independent operators independently builds those Merkle trees and votes on a canonical snapshot before results are published on-chain, according to OCC Research’s governance analysis.

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The Staker Override: Why It Matters The staker override is the feature that most directly affects retail SOL holders. By default, a validator votes with the full stake delegated to it, a representative model that mirrors how most proof-of-stake networks handle governance.

The difference here is that delegators who disagree with their validator’s vote, or whose validator did not vote, can cast their own ballot directly through the governance dashboard.

When a staker votes independently, their stake weight is subtracted from the validator’s total and counted under the staker’s own choice. OCC Research frames this as resolving the classic principal-agent problem in crypto governance by granting “ultimate sovereignty to stakers” without requiring them to run their own node or move delegations. For a network with more than 1.2 million stakers, that is a meaningful expansion of who can participate in protocol decisions.

Solana’s nine consecutive quarters of dApp revenue growth underscore why governance over this network carries real economic stakes; the decisions SGPs will ratify affect fee structures, inflation schedules, and protocol economics that flow through a high-activity ecosystem.

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SGPs vs. SIMDs, Two Separate Tracks SGPs and Solana Improvement Documents (SIMDs) are deliberately distinct. Per the solana-governance-proposals repository, a SIMD answers “how exactly do we do this”, decided by technical review from core developers. An SGP answers “should we do this”, decided by a stake-weighted onchain vote from validators and stakers.

By default, decision-making stays with developers through the SIMD process. An SGP interrupts that path only when the 15% stake-support threshold is met, functioning as both a governance tool and a circuit breaker on developer-led changes that attract significant stakeholder disagreement.

This separation is what governance researchers at OCC called “arguably the most sophisticated governance system in any major L1,” pointing specifically to the stakeholder override and the NCN architecture as the key innovations.

3/ How are SGPs different from SIMDs?

All governance proposals need to be SGPs. SIMDs are technical in nature and small in scope.

SIMDs should focus on protocol changes, SGPs should be signals from the ecosystem.

— Solana Foundation (@SolanaFndn) July 1, 2026

The 100,000 SOL proposal bar has drawn some criticism; smaller validators and grassroots groups may need to form coalitions to reach the threshold, keeping agenda-setting power concentrated among the largest operators.

Real-world participation rates and the usability of the override interface will determine how much of the system’s theoretical decentralization translates into practice. The first major economic or fee-model SGP to run the full process will be the real proving ground for whether stake-weighted voting meaningfully shifts power from large validators and the Foundation toward rank-and-file holders.

The Foundation pointed validators and delegators to the governance dashboard, the SVMGOV codebase, and the project documentation to begin participating. The launch follows a broader run of Solana Foundation institutional initiatives, including MoneyGram joining the network as a validator.

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Ahmed Balaha is a journalist and copywriter based in Georgia with a growing focus on blockchain technology, DeFi, AI, privacy, digital assets, and fintech innovation. He has a strong interest in financial literacy and sustainable investing, and he combines these... Read More