Tether CEO Paolo Ardoino has chosen a hill to die on, and it happens to be the entire European Union’s crypto regulatory framework. On July 2, Ardoino confirmed that Tether deliberately did not apply for a MiCA license for USDT, calling the EU’s stablecoin reserve rules “dangerous” and “ill-conceived.”
The timing is not subtle. His statement landed one day after MiCA’s transitional period officially ended on July 1, triggering the delisting and geofencing of USDT across major EU-regulated platforms including Coinbase, Kraken, Crypto.com, and Binance in the European Economic Area.
The reserve rule Tether won’t touch At the heart of the dispute is a single requirement: MiCA mandates that significant stablecoin issuers, defined as those with over 5 billion euros in circulation or more than 10 million users, must hold at least 60% of their reserves in cash deposits at European banks.
Tether, with a market cap of approximately $184B and a user base Ardoino claims exceeds 400 million, would comfortably qualify as “significant” under those thresholds. Which is precisely the problem, from his perspective.
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Ardoino’s argument boils down to concentration risk. Parking tens of billions of dollars in European bank accounts means Tether’s reserves are only as safe as those banks. If a bank fails, a chunk of the reserves backing the world’s largest stablecoin could evaporate overnight.
It’s not a purely hypothetical concern. The collapse of Silicon Valley Bank in March 2023 briefly caused Circle’s USDC to depeg when $3.3 billion of its reserves were trapped at the failing institution. Ardoino appears to be pointing at that exact scenario and saying, “Now imagine that, but mandated by law.”
Tether’s current strategy favors higher-yielding, more liquid assets, particularly US Treasuries. The company has repeatedly argued that short-dated government securities are safer and more transparent than fractional-reserve bank deposits.
What this means for European crypto traders The practical fallout is already here. European users of USDT are now locked out of trading pairs on several of the continent’s largest exchanges. Circle’s USDC and its euro-denominated EURC are fully authorized under MiCA and remain freely available on European platforms, while USDT is now effectively persona non grata in a market of 450 million people.
The competitive landscape shifts Circle is the obvious winner of this regulatory split, at least on paper. With USDC as the only major dollar-denominated stablecoin fully compliant with MiCA, the company has a clear runway to capture European market share that USDT is voluntarily surrendering.
That said, USDT’s $184B market cap dwarfs USDC by a significant margin. Tether’s dominance in global markets, particularly across Asia, Latin America, and emerging economies, remains largely untouched by European regulations. Ardoino has repeatedly framed Tether’s mission around serving the unbanked and underbanked, populations that are decidedly not the EU’s primary demographic.
The 400 million user figure Ardoino cited underscores this point. The vast majority of those users are outside Europe, and Tether’s growth strategy has long prioritized regions where access to stable dollar-denominated assets is a genuine lifeline rather than a trading convenience.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
In brief The Treasury Department sanctioned 134 crypto wallets tied to ISIS-K, including 131 on Tron. Chainalysis said the sanctioned Tron wallets received over $1.4 million since 2023. The sanctions come as Tron founder Justin Sun remains embroiled in a legal battle with the Trump family's World Liberty Financial. The U.S. Treasury Department sanctioned more than 130 cryptocurrency wallet addresses this week tied to ISIS, with the overwhelming majority operating on the Tron blockchain.
The Treasury Department's Office of Foreign Assets Control (OFAC) added 134 crypto wallets to existing sanctions on ISIS-K, the Islamic State's affiliate operating in Afghanistan, Pakistan, and Central Asia. Of those addresses, 131 were on Tron and three on Monero.
The sanctioned Tron addresses have received more than $1.4 million since 2023 and sent over $880,000 during that period, according to blockchain analytics firm Chainalysis. The firm noted that stablecoin issuer Tether has frozen balances affiliated with all 131 sanctioned Tron wallets.
ISIS-K's media arm, the al-Azaim Media Foundation, has historically solicited cryptocurrency donations through websites and messaging platforms. Several of the newly sanctioned wallets sent crypto to Syria-based exchanges, Chainalysis said.
Tron, founded by crypto entrepreneur Justin Sun, has a long history of usage by entities sanctioned or otherwise targeted by the U.S. government. Earlier this year, Tether froze $344 million worth of USDT in Tron wallets flagged by federal authorities as having connections to illicit activity.
This week’s new ISIS-related Tron sanctions come as Sun's relationship with President Donald Trump’s family—once rosy—has sharply deteriorated. Once among the largest financial backers of the Trump family's crypto ambitions, Sun sued the family’s crypto platform World Liberty Financial in April, alleging the company unlawfully froze his tokens and stripped him of governance rights.
World Liberty has since countersued for defamation, accusing Sun of orchestrating a campaign to suppress the token's price and then defaming the company after his assets were frozen.
In a separate action Wednesday, OFAC also sanctioned two Brazilian nationals and four companies tied to the criminal organization Primeiro Comando da Capital (PCC), alleging they used crypto to move more than $30 million in drug trafficking proceeds, generated in the United States, back to Brazil.
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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 Stellar (XLM) 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: 2026-07-02 10:00 (UTC) to 2026-07-09 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): XLM/USDT, XLM/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: 2026-07-02 10:00 (UTC) to 2026-07-09 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: 2026-07-02 10:00 (UTC) to 2026-07-04 10:00 (UTC)Round 2 Statistical Period: 2026-07-04 10:01 (UTC) to 2026-07-06 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 2026-07-23, 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 2026-07-23.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 2026-07-02 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.
The BNB Chain ecosystem has remained one of the busiest networks in crypto despite the broader market slowdown. While many large-cap cryptocurrencies continue struggling to regain momentum, Binance Coin (BNB) has shown relative stability compared with several competing assets.
At the same time, investors are increasingly looking beyond established tokens toward projects launching directly on the network.
One of the names benefiting from that trend is MemeToro ($MT). Built on BNB Chain, the AI-powered presale has continued attracting attention through its expanding ecosystem rather than short-term market speculation.
As capital searches for new opportunities during the current market cycle, both BNB and MemeToro ($MT) are drawing interest for different reasons.
BNB Continues Showing Relative Strength Binance Coin has remained more resilient than many major cryptocurrencies during recent market weakness.
The token is currently trading near $550, maintaining a localized bullish trend on shorter timeframes even though longer-term momentum remains mixed. One factor supporting BNB has been Binance’s quarterly token burn program, which continues reducing circulating supply over time.
Although the broader crypto market remains cautious, BNB has avoided some of the sharper corrections experienced by several other large-cap assets.
That resilience continues reinforcing its role as the native asset of one of blockchain’s most active ecosystems.
Rather than relying on speculation alone, BNB benefits from ongoing activity across decentralized finance, NFT platforms, gaming applications, and launchpad projects operating on the network.
BNB Chain Continues Attracting Developers Strong ecosystems often attract new projects even during bear markets.
BNB Chain has remained one of the preferred destinations for developers because of its relatively low transaction costs, fast settlement speeds, and large existing user base. Those advantages have helped the network maintain steady activity while other sectors of the market continue slowing.
He Yi, co-founder of Binance, recently emphasized that projects are more likely to survive difficult market conditions by focusing on building real infrastructure rather than chasing short-term token valuations.
That philosophy has increasingly shaped how investors evaluate new presales launching within the Binance ecosystem.
Instead of looking only at fundraising totals, many now place greater weight on utility, roadmap execution, and long-term product development.
MemeToro Is Expanding Inside the BNB Ecosystem MemeToro ($MT) has become one of the AI-focused projects benefiting from that environment.
Built on BNB Chain, the platform combines artificial intelligence with automated memecoin creation, decentralized prediction markets, SocialFi participation, behavioral finance, and staking inside one connected ecosystem.
Its AI Agent continuously monitors market narratives, online discussions, cultural trends, and community activity before autonomously supporting fair no-code memecoin launches.
Artificial intelligence also supports the broader user experience.
Participants can forecast outcomes across cryptocurrencies, sports, politics, entertainment, and global events through decentralized prediction markets using $MT and BNB.
Instead of functioning as another standalone meme token, MemeToro is building multiple blockchain products around one utility asset.
Why Some Investors Are Rotating Into Earlier Projects Periods of slower price growth often change investor behavior.
Rather than concentrating entirely on established cryptocurrencies, many begin allocating part of their portfolios toward earlier-stage projects that still have major development milestones ahead.
Crypto analyst Michaël van de Poppe recently noted that bearish sentiment across major assets has reached levels often associated with long-term accumulation phases before broader recoveries begin.
That environment has encouraged investors to diversify.
While maintaining exposure to established ecosystems like BNB Chain, many are also looking at AI-focused presales where product development continues independently of daily market fluctuations.
For some participants, this creates an opportunity to combine infrastructure-backed networks with emerging blockchain applications.
Fixed Supply, Growing Momentum in Presale Stage 3 MemeToro’s presale has entered a steady phase of Stage 3, with $46,214.54 already raised toward the $80,644.11 milestone target. Price per $MT holds at $0.00171 for now, climbing as each new stage unlocks, so today’s price is likely the lowest it’ll be going forward.
Total supply is locked at 1.2 billion tokens, and public sale participants receive the dominant 71% share (857,936,900 $MT).
The balance is allocated to CEX reserves (10%), marketing and partnerships (7.56%), platform operations under MemeToro Trading (5%), network rewards for ecosystem yield (4.44%), and a 2% core team reserve tied to long-term buildout.
More Information on MemeToro ($MT) Presale Here:
Website: https://memetoro.com/
X: https://x.com/memetoro_mt
Telegram: https://t.me/memetoro_mt
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MemeCore (M) rebounds nearly 150% this week and trades at $1.66 after its treasury announced a buyback worth more than $10 million.
The token collapsed 76% on June 25 and briefly traded near $0.50. Weekly and daily charts now show the recovery pressing into resistance zones that could decide the next major move.
MemeCore Weekly Price Chart. Source: CoinGeckoA $10 Million Buyback Answers the 76% CrashMemeCore’s M token fell from $2.66 to an intraday low of $0.50 on June 25, a crash that pushed its market cap from around $3.5 billion to $903 million. The selloff arrived without any confirmed catalyst.
Onchain investigator ZachXBT connected the collapse to structural weaknesses he had flagged months earlier. He cited less than $100,000 in onchain liquidity on BNB Chain against a market cap still near $900 million.
“Myself, Mlm, & Wazz previously highlighted a number of red flags on X about MemeCore with inorganic supply concentration and deceptive practices by its team to boost user numbers,” he said on Telegram.
Meanwhile, trader Ash Crypto estimated that the selloff liquidated around $8 million in long positions. MemeCore responded days later with a treasury buyback worth more than $10 million, as trader rapperr111 noted on X.
The team stated that an internal investigation found no protocol or infrastructure issues. It also denied any selling by the team or foundation and attributed the crash to a single large market sell order. This explanation has not been independently verified.
The announcement coincided with the start of the recovery. M has since climbed back to rank 40 by market cap after falling to 72 during the crash.
Another day, Another scam.
MemeCore $M crashed -85% in the last 24 hours, wiping out $2.7 billion in market cap and liquidating $8 million in longs.
Reasons:
– According to reports, an estimated 99% of the supply is held by insiders, making the float smaller.
– This makes it… pic.twitter.com/Zky9i92UWv
— Ash Crypto (@AshCrypto) June 25, 2026 MemeCore Rebound Holds the Key Weekly Support ZoneThe weekly chart shows the crash candle wicking down to $0.53 before buyers stepped in. Notably, the selloff stopped almost exactly at the support zone between roughly $0.60 and $0.85.
This area acted as resistance from July to August 2025, before the token began its long rally toward the all-time high. Historically, such flipped zones often generate strong demand, and the current bounce fits that pattern.
M weekly chart / Source: TradingviewHowever, the breakdown also destroyed the long-term ascending trendline that had guided M since mid-2025. That trendline now converges with the horizontal supply zone near $1.80, directly above the current price.
The weekly RSI stands at 45, reset from readings above 80 near the April peak. Therefore, a reclaim of $1.80 could open the path toward the next supply zone between $2.80 and $3.00. In contrast, rejection at $1.80 would signal downtrend continuation toward the $0.60 to $0.85 area.
M Price Prediction as the $2.10 Fib Caps the BounceThe daily chart confirms the June 25 breakdown, which cut through the 0.5 Fibonacci retracement at $2.63 on record volume. The decline extended for several sessions and bottomed near $0.41.
Since then, buyers have reclaimed the 0.236 Fib at $1.46. M trades at $1.66 at press time, up 54% in 24 hours, according to BeInCrypto Markets data.
The next target is the 0.382 Fib level at $2.10, which is around 27% above the current price. A breakout there would expose the 0.5 Fib at $2.63, which coincides with the descending trendline drawn from the April 24 all-time high of $4.85. This confluence makes $2.63 the decisive barrier for the entire recovery.
M daily chart. Source: TradingviewMomentum supports the bulls for now. The daily RSI has recovered to 43 after printing oversold readings near 20 during the crash. A previous analysis showed M respecting the same Fibonacci structure in May, before the trend reversed.
On the downside, a break of the 0.236 Fib at $1.46 would invalidate the bullish setup and expose the $0.85 to $0.60 support again. Whether the buyback marks a durable bottom or only a pause in the downtrend now depends on the $2.10 test.
Stellar‘s native token XLM is displaying strong upward momentum, supported by a key technical breakout and soaring buying interest. At the time of writing, XLM is trading at $0.1983, having surged 8.14 percent over the past 24 hours. The daily trading volume reached $517.25 million, while its market capitalization stands at $6.73 billion.
Technical signals point to an uptrendCrypto analyst Alpha Crypto Signal highlights that XLM has completed a rounded bottom breakout on the four hour chart, signaling a possible trend reversal. This formation is known in technical analysis for marking periods when a downtrend is losing steam and buyer interest is intensifying.
Alpha Crypto Signal emphasizes that the rounded bottom breakout on the four hour chart could indicate a trend change for XLM, and underscores the importance of monitoring key support levels to maintain the bullish setup.
The strength of this rally has been reinforced by robust buy-side volume, further bolstering the short-term outlook for XLM. The token has also decisively moved above its 20 period exponential moving average and its 50 period simple moving average, both indicators of recovering momentum and a healthier technical posture in the near term.
Analysts note that if XLM experiences a pullback towards its breakout region, that area could emerge as a new buying opportunity. As long as the price remains above the neckline of the rounded bottom pattern, the bullish scenario is likely to persist, with the next key technical target identified at $0.24.
Stablecoin activity surges on the networkData from MSB Intel reveals a striking increase in stablecoin activity on the Stellar network. Over the past 30 days, transaction volume soared to $4.92 billion, marking a 32.61 percent increase compared to the previous month.
Stellar is widely recognized as a blockchain platform designed for cross border payments and low cost digital transfers. The spike in stablecoin usage suggests that users are turning to Stellar’s infrastructure for quicker and more affordable transactions.
Glossary: A stablecoin is a digital asset that typically aims to maintain a value pegged to another asset, such as the US dollar. They are frequently used in cross border payments and on chain transfers as they can reduce price volatility.
IndicatorLevelXLM price$0.198324 hour change8.14 percent rise24 hour trading volume$517.25 millionMarket capitalization$6.73 billion30 day stablecoin volume$4.92 billionMonthly increase32.61 percentTechnical target$0.24Based on MSB Intel’s analysis, the 30 day stablecoin transaction volume on the Stellar network surged to $4.92 billion, representing a 32.61 percent rise month over month.
Broader market recovery bolsters XLMThe uptick in network activity for Stellar has coincided with improved conditions across the wider cryptocurrency market, supporting XLM’s recent rally. In particular, the recovery phase that followed the latest Bitcoin pullback has revived risk appetite for many altcoins.
The recent jump in XLM is being viewed as a product of both the recovery in technical indicators and the robust growth of transaction activity on the Stellar network. Short term, markets are watching closely to see whether XLM can hold its critical support zone and continue its move toward the $0.24 target.
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.
The working group's final term committed $450,000 in USDC and 72.5 ETH to Ethereum infrastructure projects including Vyper, Argot Collective and Remix Labs before it was wound down.
The ENS DAO Public Goods Working Group has been sunset after four and a half years of funding Ethereum infrastructure, working group lead Simona Pop said on X Thursday morning.
The group's final term committed $450,000 in USDC and 72.5 ETH, worth roughly $123,000 at current prices, across Builder Grants, Strategic Grants and advocacy work, according to Pop and the working group's term 6 report posted to the ENS governance forum. Strategic Grants alone totaled $375,000 USDC in the term, co-funded with the Ethereum Foundation at roughly a 1-to-1.2 ratio.
Recipients included Vyper, the alternate smart-contract language whose deployments secure $2.3 billion in TVL across 23 chains, Argot Collective, the group of 25 former Ethereum Foundation employees now independently maintaining Solidity and Sourcify, and Remix Labs, the team behind the Remix IDE used to deploy more than 12 million contracts.
Pop credited BuidlGuidl founder Austin Griffith with building the rolling, milestone-based platform that let Builder Grants run continuously rather than in seasonal rounds. She framed the closure against ENS's own origin: ENS founder Nick Johnson secured a $1 million grant from the Ethereum Foundation in 2018 to build what became ENS, work that spun out into True Names Ltd.
Pop argued the DAO is walking away from a larger opportunity. ENS holds one of the largest treasuries in crypto and was positioned to become one of the ecosystem's "other heroes," a term Ethereum co-founder Vitalik Buterin has used, she wrote.
The sunset lands amid a broader restructuring of ENS DAO's governance and treasury. The DAO recently opened a temp-check vote on handing treasury and day-to-day authority to the ENS Foundation, following delegate disputes over a separate foundation proposal and a push to dissolve the DAO after Johnson blocked a security council renewal.
No new funding round has been announced to replace the working group's grants pipeline.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
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Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
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The bank’s new tie-up with Circle lets institutional clients mint and redeem USDC without opening a separate account, launching first in Dubai.
Posted July 2, 2026 at 10:11 pm EST.
Standard Chartered announced it has become the first Global Systemically Important Bank licensed to let institutional clients mint and redeem USDC directly through the bank, without opening a separate account with issuer Circle.
The capability, developed with Circle, gives eligible clients a single onboarding process to convert dollars into USDC and back while staying inside the bank’s existing risk, compliance, and governance framework. It launched first through Standard Chartered’s Dubai International Financial Centre operations, with the bank saying it plans to expand into additional markets subject to regulatory approval.
Roberto Hoornweg, Standard Chartered’s chief executive of corporate and investment banking, said in the announcement that “digital assets are becoming an increasingly important component of global financial infrastructure, and institutional clients are seeking the same levels of trust and governance that underpin traditional markets,” adding that the goal is “enabling broader institutional participation in digital asset markets through the frameworks, controls and regulatory oversight that have long supported confidence in global financial markets.”
The service targets on-chain settlement, treasury, and liquidity management, with payment-related use cases planned for later. Circle’s chief commercial officer, Kash Razzaghi, said in the announcement that “financial institutions are increasingly looking for trusted ways to access stablecoins and participate in blockchain-enabled financial markets,” and that integrating Circle’s infrastructure into Standard Chartered’s platform gives clients new ways to use USDC “while maintaining the compliance, governance and risk management standards they expect.”
Standard Chartered isn’t the first bank overall to build this kind of bank-led USDC access. Three days earlier, on June 29, BNY expanded its own relationship with Circle, making USDC the first stablecoin on its Digital Asset Custody platform and letting clients store, transfer, mint, and burn the token. Standard Chartered’s claim is narrower and specific to the roughly 30 banks worldwide classified as Global Systemically Important Banks, a designation carrying heightened regulatory scrutiny.
The launch extends a buildout Standard Chartered has been running for more than a year. The bank has helped design Circle’s Payments Network since April 2025 alongside Santander, Deutsche Bank, and Société Générale, and in April received one of Hong Kong’s first two stablecoin issuer licences through Anchorpoint Financial, a joint venture with Animoca Brands and HKT. Circle has similarly rotated through banking partners before to keep USDC’s minting and redemption pipeline running, including after the 2023 collapse of Signature Bank forced it to onboard Cross River Bank on short notice.
USDC currently carries a market cap of about $73 billion.
Related Listen: The Chopping Block: Visa, Mastercard & 140 Firms Take On Circle, Saylor’s Digital Credit Reset & the DAO Reckoning
AI-assisted content: This article was produced with the assistance of AI tools and was reviewed, edited, and fact-checked by a member of the Unchained editorial team before publication.
The US Department of the Treasury has added 134 cryptocurrency wallets connected to the ISIS-Khorasan group to its sanctions list. According to the updated data from the Office of Foreign Assets Control (OFAC), 131 of these wallet addresses are on the Tron network, while 3 are based on the Monero network.
Majority of sanctioned wallets are on TronData from Chainalysis reveal that the sanctioned Tron wallets have received more than $1.4 million in assets since 2023, with over $880,000 leaving these addresses in the same period. The firm also reported that Tether, a leading stablecoin issuer, has frozen the balances associated with 131 Tron wallets now under sanctions.
OFAC, operating under the US Department of the Treasury, placed 134 crypto wallets linked to ISIS-Khorasan on its sanction list, with 131 on Tron and 3 on Monero.
ISIS-Khorasan, known as the branch of ISIS operating in Afghanistan, Pakistan, and Central Asia, has previously attempted to raise crypto donations through its media arm, Al Azayim Media Foundation, on websites and messaging platforms. Chainalysis noted that some wallets newly added to the sanctions list have transferred crypto funds to exchanges based in Syria.
Mini glossary: OFAC is a division within the US Treasury that manages sanction lists. Any individual, company, or wallet placed on OFAC’s list is banned from transacting with US-linked persons or establishments.
Tron network previously under regulatory scrutinyTron, the blockchain founded by Justin Sun, has previously been a focus for US authorities as a network used by entities facing sanctions. Earlier this year, Tether froze $344 million worth of USDT held in Tron wallets identified by federal authorities as tied to illicit activities.
Tron is known for its low transaction fees and fast transfer capabilities. While these features support various legitimate uses, they also make the network an attractive option for entities seeking to avoid sanctions.
Rising tensions between Justin Sun and World Liberty FinancialThis latest round of sanctions comes amid an ongoing legal battle between Tron founder Justin Sun and World Liberty Financial, a crypto firm reportedly linked to former President Donald Trump’s family. In April, Sun filed a lawsuit alleging that his tokens were unlawfully frozen and that his governance rights had been taken away by the company.
On Monday, World Liberty Financial filed a lawsuit in Florida, accusing Justin Sun of short-selling its WLFI token last fall and intentionally pressuring its price. The firm also claimed that, after the freezing of assets, Sun initiated a smear campaign against the platform.
Additional sanctions announced for Brazil-connected entitiesIn a separate action on Wednesday, OFAC placed two Brazilian nationals and four companies on its sanctions list. US authorities allege that these entities, affiliated with the Brazilian criminal group Primeiro Comando da Capital, moved over $30 million in narcotics proceeds from the US to Brazil using cryptocurrency.
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.
The U.S. Treasury added 134 crypto addresses tied to ISIS-K, the Islamic State’s Afghan and Pakistani affiliate, to its sanctions list on July 1, and Tether froze all 131 on Tron, though three Monero wallets stay beyond reach.
Posted July 2, 2026 at 8:06 pm EST.
The U.S. Treasury’s Office of Foreign Assets Control (OFAC) updated its designation of ISIS-K on July 1 to add 134 cryptocurrency wallet addresses to its Specially Designated Nationals list, and stablecoin issuer Tether froze the balances on all 131 Tron addresses in the batch. The remaining three sit on Monero, where no one can touch them.
The action is a working model of how sanctions now reach onchain. The government publishes a set of addresses tied to a designated group, and a centralized issuer can render the funds on those addresses unspendable almost as fast as the list goes out. That leverage exists only where an issuer controls the asset. Monero, a privacy coin with no central operator, has no equivalent kill switch, so the three designated XMR wallets keep functioning despite the sanctions.
ISIS-K, the Islamic State’s Afghan and Pakistani affiliate, is a U.S.-designated terrorist group. According to blockchain analysis firm Chainalysis, the group solicited donations through its media arm, the al-Azaim Media Foundation, over websites and messaging apps. The 131 Tron addresses took in more than 1.4 million dollars since 2023 and sent out more than 880,000 dollars, with several of the wallets routing funds to Syria-based crypto exchangers.
Tether has become a recurring instrument in these actions. In January, the company froze roughly 182 million dollars in USDT across five Tron wallets, and it has repeatedly blacklisted addresses flagged by U.S. agencies. On June 22, OFAC also took action against people responsible for moving money for ISIS, sanctioning six entities and three individuals across Europe, the Middle East, and West Africa.
The same July 1 tranche carried a separate counter-narcotics action, naming a network tied to Brazil’s Primeiro Comando da Capital that allegedly used crypto to move more than 30 million dollars in illicit proceeds. Together the designations show OFAC leaning harder on onchain identifiers, and the split outcome on Tron versus Monero marks the boundary of what that approach can actually enforce.
Related Listen: DEX in the City: Why AI Agents Are Good for Crypto and Stablecoins
AI-assisted content: This article was produced with the assistance of AI tools and was reviewed, edited, and fact-checked by a member of the Unchained editorial team before publication.
Key HighlightsComprehensive Lending Platform Arrives on MonadStrategic Incentive Program Targets Early AdoptionStablecoin Expansion Aligns with Tokenized Asset Momentum Aave V3 protocol deploys comprehensive lending infrastructure on Monad Network supporting a dozen digital assets. Native GHO stablecoin becomes available on Monad for enhanced borrowing capabilities and liquidity provision. $15 million liquidity incentive program launched by Monad Foundation for first-year ecosystem growth. Chainlink Smart Value Recapture technology integrated to redirect liquidation proceeds to protocol treasury. Strategic deployment positions Monad as emerging DeFi hub with plans for tokenized asset integration. The decentralized finance landscape has expanded as Aave deployed its V3 lending protocol on the Monad Layer 1 blockchain. This integration delivers comprehensive lending and borrowing capabilities through a dozen supported digital assets while introducing GHO stablecoin functionality to the network. The deployment incorporates Chainlink’s Smart Value Recapture mechanism from the outset.
Comprehensive Lending Platform Arrives on Monad The Aave V3 deployment on Monad includes support for USDT0, USDC, GHO, USDe, mUSD, AUSD, WETH, and cbBTC at the initial launch phase. Additional assets including wstETH, weETH, syrupUSDC and sUSDe round out the initial offering. This diverse selection provides network participants with extensive options for borrowing activities, yield generation, and collateral deployment immediately upon launch.
This strategic expansion broadens Aave’s presence across multiple blockchain ecosystems while simultaneously reinforcing Monad’s nascent decentralized finance infrastructure. Development teams gain immediate access to battle-tested lending mechanisms. Monad’s compatibility with Ethereum development standards enables seamless deployment of Solidity-based smart contracts with minimal modifications required.
Aave‘s implementation includes Chainlink Smart Value Recapture functionality activated at launch. This innovative feature channels a portion of liquidation-derived value directly back to protocol reserves. Consequently, the deployment delivers both enhanced liquidity infrastructure and sophisticated protocol revenue mechanisms.
Strategic Incentive Program Targets Early Adoption Monad Foundation has pledged $15 million in incentive allocations during the inaugural year following Aave’s deployment. Additionally, the foundation committed to purchasing and maintaining 10 million GHO tokens for a minimum six-month duration. Aave DAO supplemented this initiative with an additional 500,000 GHO allocation designated for user engagement.
These financial commitments target initial liquidity establishment and stimulate borrowing demand during the critical early phase. Nevertheless, long-term platform viability depends on organic activity levels once incentive programs diminish. Monad requires genuine market participation beyond superficial total value locked metrics.
The Monad mainnet and MON token officially launched on November 24, 2025. By early June, network statistics indicated approximately $359.5 million in aggregate value locked across protocols. LlamaRisk provided assessment support for the Aave deployment while advocating conservative initial parameter settings given Monad’s limited operational track record.
Stablecoin Expansion Aligns with Tokenized Asset Momentum GHO’s integration on Monad represents another milestone in Aave’s native stablecoin distribution strategy across diverse blockchain networks. The digital currency previously expanded operations to Base and Arbitrum networks following its 2023 introduction. Within the Monad ecosystem, GHO facilitates borrowing mechanisms, liquidity provision, and broader stablecoin utility throughout Aave markets.
This deployment coincides with accelerating interest in tokenized real-world assets within decentralized finance protocols. Centrifuge previously announced intentions to introduce tokenized Treasury securities, private credit instruments, and AAA-rated collateralized loan obligations to Monad. These asset categories could underpin sophisticated lending markets and collateral frameworks as the ecosystem matures.
Standard Chartered projects substantial expansion in decentralized finance asset valuations approaching 2030. The financial institution identified tokenized real-world assets and crypto-native demand as primary growth catalysts. Aave’s presence on Monad establishes a proven infrastructure foundation for anticipated future lending activity.
Oliver Dale
Editor-in-Chief of Blockonomi and founder of Kooc Media, A UK-Based Online Media Company. Believer in Open-Source Software, Blockchain Technology & a Free and Fair Internet for all. His writing has been quoted by Nasdaq, Dow Jones, Investopedia, The New Yorker, Forbes, Techcrunch & More. Contact [email protected]
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Uniswap [UNI] announced that it has deployed v2, v3, v4, and UniswapX on the Robinhood Chain. This is a Layer 2 built by Robinhood Crypto, with Uniswap serving as the automated market maker [AMM].
The launch is geared toward programmatic, automated, and AI-driven ecosystems. This news has helped UNI token prices climb by 14.2% in the past 24 hours, and the daily trading volume has spiked by 81%.
The wider crypto market has made a 2.3% bounce in the past 24 hours, helping bolster short-term UNI sentiment. How much higher can this bounce go?
The pessimistic long-term view Source: UNI/USDT on TradingView On the 1-week chart, the importance of $4 as a support was made abundantly clear. This level had been defended from June 2022 to January 2026.
Since then, the DEX’s governance token price slipped below this support and retested it twice as resistance. The latest Uniswap price move down to a swing low of $2.316, made in early June, highlighted the bearish long-term bias.
Source: UNI/USDT on TradingView A set of Fibonacci retracement levels was plotted using this move downward. The current bounce was operating within the bearish swing structure. Though the RSI managed to cross over above neutral 50, the OBV was unable to approach the highs made in mid-June.
This indicated short-term upward momentum but a lack of sustained buying pressure amidst a longer-term bear trend.
Traders’ call to action- Sell the bounce Source: CoinGlass The liquidation map showed a larger cumulative short liquidation leverage piled up overhead, up to $3.52. With a few clusters of high-leverage short positions, the price move toward $3.5 appeared more likely in the short-term based on the chart above.
If Bitcoin [BTC] does not see a swift sell-off in the coming days, there is a chance of a UNI bounce toward $3.5.
Traders can use such a bounce to sell the token, although a move to the 78.6% retracement level at $3.77 can not be ruled out. Overall, swing traders can maintain their bearish bias till the $4.17 swing high is broken.
Final Summary The Robinhood-Uniswap collaboration announcement, alongside a wave of respite across the wider crypto market, has made room for a UNI rally. The long-term Uniswap price trend was severely bearish, and the current bounce was only a minor move within this downtrend.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
AVAX, the native asset of the Avalanche ecosystem, continues its uncertain trajectory as it retests a long-term key support area. While market watchers closely monitor whether AVAX can maintain its footing at this crucial juncture, on-chain data reveals a notable jump in network activity.
Price holds at a pivotal support levelIn the past 24 hours, AVAX rose by 3.01 percent, reaching $6.72. Trading volume over the same period stood at $234.9 million, while the market capitalization was recorded at $2.9 billion. Despite this rebound, technical signals have yet to confirm any clear directional trend.
Crypto analyst Aman points out that AVAX currently sits at a critical intersection, revisiting a multi-year descending support trendline. According to Aman, holding this level could spark renewed buying interest, potentially opening a path toward a broader recovery.
Analyst Aman highlights that AVAX faces a pivotal test at its multi-year descending support trendline. If the asset maintains this area, he states that a stronger rebound toward the $30 to $40 range could become increasingly likely.
However, momentum indicators still appear weak. The current RSI suggests that buying pressure remains limited, pointing to an uncertain turnaround in the market. If AVAX were to fall below the support zone, downside risks could persist and deepen the existing downward trend.
On-chain activity signals expanding network useAccording to data from MSB Intel, Avalanche’s network saw remarkable activity in the second quarter of 2026. The number of active sender addresses reached 144.98 million, establishing a new all-time high for any quarter in the network’s history. This uptick is seen as a key indicator of expanding user participation.
Mini glossary: An active sender address refers to a wallet that initiates network transfers within a specific period. Unlike addresses that merely hold assets, this metric tracks how extensively the network is actually being used.
The uptick in active senders suggests not just a fleeting spike but the possibility of lasting interaction among users. This development may indicate that interest in Avalanche-based DeFi apps, gaming, and NFT projects is on the rise.
IndicatorLevelAVAX price$6.7224 hour changeUp 3.01 percent24 hour volume$234.9 millionMarket capitalization$2.9 billionQ2 2026 active sender addresses144.98 millionBroader market sentiment under the spotlightAnalysts note that the recent uptick in AVAX may have also been influenced by broader market conditions. Bitcoin‘s partial recovery has helped sustain short term demand in major altcoins, including AVAX.
While network growth accelerates, a definitive bullish reversal in AVAX’s price is yet to materialize. As a result, investors are monitoring both the key technical support and the overall trend in on-chain activity side by side.
In the current landscape, the convergence of robust technical support and rising network usage underscores a crucial juncture. If AVAX manages to consolidate at this level, bullish scenarios may strengthen. Conversely, failure to hold could usher in renewed downward pressure.
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.
Avalanche Treasury Co. (AVAT), an AVAX-focused digital asset treasury firm, plunged 73% on the Nasdaq since its June 11 debut, following disclosure of operational struggles in its first-quarter results.
AVAT went public last month after completing a $675 million merger with Mountain Lake Acquisition Corp., a crypto-aligned special purpose acquisition company. Its stock fell to $0.50 Wednesday from $1.85 on June 11.
According to a Monday filing with the Securities and Exchange Commission, the operating entity posted a net loss of $26.78 million in the first quarter. It reported a net working capital deficit of $9.06 million at the end of March.
The losses were mainly driven by unrealized losses tied to its crypto holdings, the company said. It held 13.39 million AVAX tokens at the end of March, acquired at a cost basis of $265.3 million. The fair value of AVAX holdings had fallen to just $122.8 million by quarter-end. AVAX is currently trading at $6.7, down 50.8% year-to-date.
'Substantial doubt' Under the first-quarter financial conditions, the company's management raised "substantial doubt about the company's ability to continue as a going concern within one year," especially as the completion of the SPAC merger appeared uncertain at the time.
However, the company said the merger transaction has since provided access to additional capital and resources. The management claims the resources will support its operations and liquidity needs for at least the next 12 months.
"Based on the improved liquidity profile and the removal of the previously identified uncertainties, management has concluded that substantial doubt about the Company's ability to continue as a going concern is alleviated for the twelve-month look-forward period from the date of the filing of this Form 10-Q," the latest filing said.
The Block has reached out to Avalanche Treasury for further comment.
Avalanche network has attracted more than $1.02 billion in institutional funds and facilitated the tokenization of over $1.65 billion in real-world assets, while supporting more than 550 projects across its ecosystem, according to a company statement released last month.
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Avalanche Treasury Co. shares have fallen sharply since their Nasdaq debut as lower AVAX prices weighed on the company’s digital asset holdings.
Summary
Avalanche Treasury stock has fallen about 73% since debut as AVAX holdings lost value sharply. Its filing showed $26.78 million net loss and prior going-concern doubt before merger relief arrived. AVAX traded near $6.68, leaving treasury share prices closely tied to token market moves. The AVAX-focused digital asset treasury firm began trading under the ticker AVAT on June 11.
The stock recently traded near $0.50, down about 73% from its $1.85 close on debut day (per Google Finance data). AVAT also traded between $0.44 and $0.54 during the latest session, while Google Finance showed a 52-week high of $3.00.
AVAX recently traded near $6.68 on crypto.news price data, up 0.73% over 24 hours but down 24.24% over the past month. That decline kept pressure on a company whose balance sheet remains closely tied to Avalanche’s native token.
Avalanche (AVAX) price chart, source: crypto.news SEC filing shows AVAX losses Avalanche Treasury reported a net loss of $26.78 million for the quarter ended March 31, according to its latest SEC filing. The company also reported $1.22 million in cash and a net working capital deficit of $9.06 million at quarter-end.
The filing showed 13.78 million AVAX with a cost basis of $265.29 million and fair value of $122.76 million as of March 31. The company also recorded a $46.19 million loss from changes in the fair value of AVAX and a $5.06 million impairment charge tied to stAVAX.
Going-concern doubt later eased Management initially said its liquidity condition, recurring losses, and lack of committed funding raised “substantial doubt” about the company’s ability to continue as a going concern within one year. That assessment came before the business combination closed.
The company later said the concern had been addressed after the completion of its merger with Mountain Lake Acquisition Corp. Management said the transaction and related loan proceeds improved liquidity and would support operations for at least 12 months from the filing date.
Nasdaq debut followed SPAC merger Avalanche Treasury listed on Nasdaq after completing a $675 million merger with Mountain Lake Acquisition Corp. In its announcement, the company said AVAT gives public-market investors exposure to the Avalanche ecosystem.
Chief Executive Bart Smith said, “It is not a bet on price.” He described the vehicle as an investment into Avalanche’s role in institutional finance. The company said more than 550 projects were building on Avalanche, while over $1.02 billion in institutional funds and more than $1.65 billion in tokenized real-world assets were tied to the network.
As previously reported, Avalanche Treasury closed 38.13% lower on its Nasdaq debut, with AVAX trading near $6.64 at the time. The stock’s later move to about $0.50 shows that the pressure has continued beyond the first trading session.
AVAX treasury plan faces market test The company was first introduced as a public-market vehicle for AVAX exposure in 2025. As crypto.news reported, AVAX rallied after Avalanche Treasury announced plans to acquire up to $1 billion worth of AVAX over time.
The latest filing shows a tougher market setup. Avalanche Treasury still holds a large AVAX position, but the value of those holdings changes with the token price. Its stock also reflects investor views on liquidity, operating costs, staking income, collateral use, and demand for public-market exposure to Avalanche.
Avalanche Treasury Co. went public on June 11 with a $675 million SPAC valuation and a simple pitch: buy a ton of AVAX tokens, stake them, and let shareholders ride the upside. Six weeks later, the stock has lost 73% of its value. At its worst, shares dropped as much as 93% from their debut price.
The company’s SEC filing now includes a phrase no investor wants to read: “substantial doubt” about its ability to continue as a going concern. In English: the company itself isn’t sure it’ll make it through the year without fresh capital.
A treasury strategy with nowhere to hide Avalanche Treasury, trading under the ticker AVAT on NASDAQ, completed its public listing through a merger with Mountain Lake Acquisition Corp. The firm’s entire thesis revolves around holding approximately 15 million AVAX tokens, which represent roughly 3.5% of the total circulating supply of Avalanche’s native cryptocurrency.
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AVAX is trading near $6.55, close to five-year lows. For context, Avalanche Treasury’s initial AVAX position was valued at around $265 million. By the end of Q1 2026, that same pile of tokens had shrunk to approximately $123 million. That’s more than $140 million in value evaporating from the balance sheet in a matter of months.
The Q1 2026 financial report tells a brutal story. The company posted a net loss of $26.78 million, driven almost entirely by fair-value losses on its AVAX holdings. Staking revenue came in at $2.06 million for the quarter, a number that barely registers against losses more than thirteen times its size.
The MicroStrategy playbook meets its limits The going-concern warning in Avalanche Treasury’s SEC filing specifically flags that the company needs either new capital infusion or some other strategic lifeline. Without it, the firm may not be able to fund operations. That’s a remarkable admission for a company that went public barely a month ago with a valuation north of half a billion dollars.
A retail investor who just bought AVAX on an exchange would be down significantly. An AVAT shareholder is down 73% to 93%, depending on when they bought in, because the stock carries all the token’s downside plus the company’s own financial deterioration.
What this means for investors The $2.06 million in quarterly staking revenue suggests the company does generate some yield on its position, but at current AVAX prices and loss rates, staking income is a rounding error. The firm would need AVAX to roughly triple from its current price just to get back to its original position value.
The competitive landscape for Avalanche itself adds another layer of concern. With AVAX sitting near multi-year lows, a major holder like Avalanche Treasury being forced to liquidate 15 million tokens to meet obligations or wind down could create significant selling pressure on an already weak token.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Securitize put its own newly listed common stock onchain the same day SECZ began trading on the NYSE, launching tokenized shares on Avalanche and Solana through its regulated platform.
Securitize began trading on the New York Stock Exchange Thursday under the ticker SECZ and simultaneously put its own newly listed common stock onchain, according to a press release the tokenization firm distributed via PR Newswire. Eligible U.S. investors can access tokenized SECZ through Securitize's own regulated platform starting the same day.
The launch makes Securitize the first newly public company to bring its own stock onchain at the start of its life as a listed issuer, per the release. SECZ is expected to become the world's largest tokenized stock at launch based on anticipated shareholder participation.
The shares began trading Thursday after Securitize completed its merger with Cantor Equity Partners, the SPAC vehicle that took the company public with roughly $400 million in proceeds. The Defiant previously reported shareholder approval of that deal, which made Securitize the first publicly traded tokenization company.
Tokenized SECZ will launch on Avalanche and Solana, the release states, giving the company a multichain footprint from its first day as a listed issuer. Access requires onboarding, KYC and AML checks, and confirmation of jurisdictional eligibility under U.S. securities law.
"We have long said that public equities are moving onchain, and there is no stronger validation of that belief than tokenizing our own public stock on Day 1," Securitize co-founder and CEO Carlos Domingo said in the release. Domingo said tokenized SECZ represents the same common stock trading on the NYSE rather than a separate share class or a synthetic wrapper, and that tokenization changes the form of ownership without altering the underlying legal rights or transfer restrictions attached to the shares.
Securitize is the leader in real-world-asset tokenization by assets under management, with more than $4 billion tokenized as of June 2026 across funds run with asset managers including BlackRock, Apollo, KKR, BNY and Hamilton Lane. The company also holds a memorandum of understanding with the NYSE signed in March to help design transfer-agent and tokenization-agent standards for the exchange's broader push into tokenized securities.
Domingo framed the self-tokenization as a template beyond Securitize itself. "Bringing SECZ onchain is not just a milestone for Securitize," he 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."
Securitize expects tokenized SECZ to build a meaningful onchain shareholder base from day one, with additional functionality expected to develop over time, the release states.
BlackRock-backed tokenization platform Securitize has tokenized its common stock, SECZ, on the same day as its NYSE listing. The stock notably surged by double digits today as the crypto market rebounded, with crypto stocks also seeing significant gains.
Securitize Tokenizes Common Stock On Solana and Avalanche In an X post, the company announced that it is tokenizing its common stock on Solana and Avalanche as it goes public on the New York Stock Exchange under the ticker SECZ. The tokenized stock will be available to eligible U.S. investors through the company’s regulated platform.
“The launch makes Securitize the first newly public company to bring its own stock onchain at the start of its life as a public company. Based on shareholder participation, tokenized SECZ is already the largest tokenized stock globally,” the post read.
CoinGape had earlier reported on Securitize’s NYSE debut today after the BlackRock-backed company received approval from Cantor Equity Partners II shareholders for the proposed merger. Meanwhile, the company noted that tokenizing its common stock has always been part of its plans.
The firm noted how it has grown based on the belief that traditional assets will increasingly move onchain through regulated, issuer-sponsored infrastructure. “By tokenizing its own public stock on Day 1, Securitize is demonstrating its confidence in the technology, market structure, and regulatory pathway it has spent years building,” it said.
Tokenized Shares To Trade Similar To Traditional Counterparts Securitize noted that the tokenized SECZ will represent the same common stock trading on the NYSE, not a separate share class. The company noted that tokenization changes the form of ownership but not the underlying nature of the share, nor does it override applicable legal, contractual, or transfer restrictions.
Furthermore, the top tokenization platform said that it expects the tokenized SECZ launch to establish a meaningful onchain shareholder base from Day 1. Meanwhile, they expect additional functionality, utility, and market infrastructure to develop over time.
Securitize’s stock has surged by double digits on its NYSE debut today. The crypto stock is currently trading at around $12, up over 10%, according to TradingView data. The stock has notably surged alongside other crypto stocks, which have recorded significant gains today as the Bitcoin price reached $62,000.
In brief Securitize shares made their public debut on Thursday, and were recently up more than 8% on the day. SECZ is also trading on-chain, with $266 million worth of shares tokenized on Solana and Avalanche. The firm went public via merger with a Cantor Fitzgerald-backed blank check firm. Shares in BlackRock-backed tokenization firm Securitize (SECZ) are up more than 8% in their trading debut, recently changing hands at $12.75.
The firm began trading on the New York Stock Exchange (NYSE) Thursday, eight years after its founding, thanks to a merger with a Cantor Fitzgerald-backed blank check firm.
“Our focus is unchanged: building the regulated infrastructure for the next generation of capital markets,” the firm posted on X.
While its shares hit traditional equity markets on Thursday, they also landed on the blockchain, with tokenized versions of $266 million worth of SECZ issued—a mark the firm said makes it the largest tokenized stock in the world.
“We have long said that public equities are moving on-chain, and there is no stronger validation of that belief than tokenizing our own public stock on Day 1,” said Carlos Domingo, co-founder and CEO of Securitize, in an article posted by the firm on X.
“SECZ is not a synthetic token or offshore wrapper,” he said. “It is issuer-sponsored tokenization of the same common stock trading on the NYSE, made available through regulated infrastructure.”
The tokenized version of SECZ is initially launching on layer-1 networks Avalanche and Solana, and is also accessible to eligible investors through the firm’s regulated tokenization platform.
“Bringing SECZ on-chain 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.”
Earlier this week, Securitize President Brett Redfearn told Decrypt that tokenization is an understated benefit for consumers, pointing to better opportunities to make use of their assets—like via decentralized lending, when middle men are cut out of the equation.
“I think that business is totally disruptible,” Redfearn told Decrypt. “There’s a lot of opportunities when you start to disintermediate traditional businesses.”
As of June, the tokenization firm had more than $4 billion in assets under management.
Editor's note: This story was updated after publication to clarify wording.
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In brief Securitize shares made their public debut on Thursday, and were recently up more than 8% on the day. SECZ is also trading on-chain, with $266 million worth of shares tokenized on Solana and Avalanche. The firm went public via merger with a Cantor Fitzgerald-backed blank check firm. Shares in BlackRock-backed tokenization firm Securitize (SECZ) are up more than 8% in their trading debut, recently changing hands at $12.75.
The firm began trading on the New York Stock Exchange (NYSE) Thursday, eight years after its founding, thanks to a merger with a Cantor Fitzgerald-backed blank check firm.
“Our focus is unchanged: building the regulated infrastructure for the next generation of capital markets,” the firm posted on X.
While its shares hit traditional equity markets on Thursday, they also landed on the blockchain, with tokenized versions of $266 million worth of SECZ issued—a mark the firm said makes it the largest tokenized stock in the world.
“We have long said that public equities are moving on-chain, and there is no stronger validation of that belief than tokenizing our own public stock on Day 1,” said Carlos Domingo, co-founder and CEO of Securitize, in an article posted by the firm on X.
“SECZ is not a synthetic token or offshore wrapper,” he said. “It is issuer-sponsored tokenization of the same common stock trading on the NYSE, made available through regulated infrastructure.”
The tokenized version of SECZ is initially launching on layer-1 networks Avalanche and Solana, and is also accessible to eligible investors through the firm’s regulated tokenization platform.
“Bringing SECZ on-chain 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.”
Earlier this week, Securitize President Brett Redfearn told Decrypt that tokenization is an understated benefit for consumers, pointing to better opportunities to make use of their assets—like via decentralized lending, when middle men are cut out of the equation.
“I think that business is totally disruptible,” Redfearn told Decrypt. “There’s a lot of opportunities when you start to disintermediate traditional businesses.”
As of June, the tokenization firm had more than $4 billion in assets under management.
Editor's note: This story was updated after publication to clarify wording.
Daily Debrief NewsletterStart every day with the top news stories right now, plus original features, a podcast, videos and more.
Securitize has launched the largest tokenized stock on the Avalanche network, with over $700 million in real-world assets now tokenized. This development marks a significant milestone for Avalanche, which now hosts approximately $1.65 billion in tokenized real-world assets across 550 projects. The introduction of this tokenized stock, SECZ, which represents tokenized Exodus stock, underscores growing institutional confidence in Avalanche’s capacity to support regulated digital securities. Securitize’s recent regulatory approval in the EU to operate a blockchain-based system is expected to further enhance Avalanche’s credibility in the digital securities space.
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Key Takeaways Markets suggest that the launch of the largest tokenized stock on Avalanche is consistent with increasing confidence in the network’s infrastructure for digital securities. The pricing of Predict.fun’s FDV one day after launch appears supportive of exceeding $50M, with a 95.1% YES indication. The debut of SECZ reinforces Avalanche’s position within the blockchain ecosystem, potentially driving further interest and activity within the network. What to Watch Observers should monitor the volume and market reception of the SECZ token on Avalanche, as these factors could further influence confidence in the network’s capabilities. The performance of Predict.fun’s FDV in the immediate aftermath of the launch may also provide insights into broader market sentiment. Additionally, any new announcements regarding partnerships or regulatory developments involving Avalanche or Securitize could be pivotal in shaping future market expectations.
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Predictfun Fdv Above One Day After Launch
Contract Odds Δ since publish Volume 24h One day after launch 95.1% — — View market → One day after launch 86% — — View market → One day after launch 79.5% — — View market → One day after launch 78% — — View market → One day after launch 74.5% — — View market → January 1 2028 63.5% — — View market → January 1 2028 53% — — View market → January 1 2028 41% — — View market → January 1 2028 31.4% — — View market → January 1 2028 21.3% — — View market → January 1 2028 12.5% — — View market → Variational Fdv Above One Day After Launch
Contract Odds Δ since publish Volume 24h one day after launch 38.5% — — View market → one day after launch 14.6% — — View market → one day after launch 2% — — View market → one day after launch 28.5% — — View market → one day after launch 6.7% — — View market → January 1 2028 0.9% — — View market → January 1 2028 66.5% — — View market → January 1 2028 84.5% — — View market → January 1 2028 94.3% — — View market → January 1 2028 95% — — View market →
Securitize CEO Carlos Domingo on stage at Consensus 2026 in Miami. (CoinDesk)Summary
Securitize launched tokenized versions of its NYSE-listed shares on Solana and Avalanche on its first day as a public company.The onchain stock is available to eligible U.S. investors via Securitize's regulated platform and represents the same common shares that now trade on the NYSE.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.Securitize (SECZ), a tokenization specialist backed by BlackRock and ARK Invest, began trading on the New York Stock Exchange on Thursday, and simultaneously brought its own shares to blockchain investors.
The company said its common stock, trading under the ticker SECZ, is now available in token form on Solana (SOL) and Avalanche (AVAX) via its regulated platform. The blockchain-based shares represent the same common stock trading on the NYSE rather than a separate class of securities, the firm said.
Securitize also claimed bragging rights as the first newly public company to tokenize its own stock on its first day of trading. Investors held some $295 million in tokenized shares, according to blockchain data from RWA.xyz.
SECZ was 10% up in the Thursday session, its first day following the SPAC merger with publicly-traded Cantor Equity Partners II.
The launch is the latest milestone in the fast-growing tokenization sector, where banks and asset managers are increasingly using blockchain rails to issue traditional financial assets such as funds, bonds and equities. Supporters argue that tokenization can shorten settlement times, enable around-the-clock transfers and make securities interoperable with blockchain-based financial applications.
The opportunity has drawn growing interest across Wall Street. Citi 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.
"We have long said that public equities are moving onchain, and there is no stronger validation of that belief than tokenizing our own public stock on day one," CEO Carlos Domingo said in a statement.
Issuer-sponsored tokenizationUnlike many existing tokenized stock products, which are issued by third parties or offered outside the United States, Securitize said SECZ is an issuer-sponsored tokenization of the company's own shares. Eligible U.S. investors can buy the tokenized stock through Securitize's platform after completing identity verification and meeting securities law requirements.
The launch doubles as a showcase for Securitize's business.
The company, founded in 2017, has spent years building tokenization infrastructure for firms including BlackRock, Apollo, KKR, Hamilton Lane and VanEck, providing issuance, transfer agency and fund administration services for blockchain-based securities.
Earlier this year, NYSE parent company Intercontinental Exchange (ICE) partnered with Securitize to develop infrastructure for tokenized equities. It also teamed up with Computershare and Continental, two of the world's largest transfer agents, to help public firms issue their shares in token form on blockchain rails.
By putting its own stock onchain from day one, Securitize aims to make a broader case for tokenized equities issued by companies themselves rather than wrapped by third parties.
"We just wanted to lead by example and show people that if you want to issue real shares onchain, not fake shares, not copy cats, whatever you want to call it, then you can do it," Domingo told CoinDesk.
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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.
Shares of Avalanche Treasury Co. (AVAT) have fallen 73% on Nasdaq since the company’s June 11 debut, dropping from $1.85 to $0.50 after a first-quarter SEC filing revealed $26.78 million in net losses and a net working capital deficit of $9.06 million. The losses were driven almost entirely by unrealized declines in the company’s AVAX token holdings.
$265 Million in AVAX Now Worth $122 Million AVAT went public after completing a $675 million merger with Mountain Lake Acquisition Corp., a crypto-focused special purpose acquisition company. At the end of March, the company held 13.39 million AVAX tokens purchased at a total cost basis of $265.3 million.
By quarter-end, those tokens had fallen to a fair value of $122.8 million, representing an unrealized loss of approximately $142.5 million, according to The Block. Management acknowledged “substantial doubt” about AVAT’s ability to continue operating over the next year in the filing.
After the SPAC merger was completed, the company said it gained access to additional capital and concluded the going-concern risk had been alleviated for the following 12 months.
“Based on the improved liquidity profile and the removal of the previously identified uncertainties, management has concluded that substantial doubt about the Company’s ability to continue as a going concern is alleviated,” the filing stated.
The SPAC Structure Magnified the Loss AVAT’s collapse illustrates a structural problem with single-asset treasury companies that go public through SPACs. The $675 million merger valuation assumed AVAX would hold value or appreciate.
Instead, AVAX has fallen more than 50% year-to-date and was trading near $6.60 at the time of publication, according to Traders Union data. The company’s entire balance sheet amounts to a leveraged bet on one token, with no revenue-generating business to offset price declines.
By contrast, Metaplanet and Strategy, the two largest corporate Bitcoin holders, generate yield through options strategies or hold a more liquid asset with deeper institutional support. AVAT holds only AVAX and has no disclosed income strategy beyond token appreciation. That makes its position more fragile than comparable treasury companies in the Bitcoin space.
AVAX Price Decline Deepens the Pressure AVAX is the native token of the Avalanche blockchain, used for transaction fees, staking, and network applications. Despite the ecosystem’s stated goal of attracting more than $1 billion in institutional funds, the token’s price performance has not reflected that ambition. AVAT shares had already fallen 40% after their Nasdaq debut before this week’s steeper decline brought the total drop to 73%.
The next catalyst for AVAT hinges on whether AVAX stabilizes above $6 or slides toward the sub-$5 levels last seen in 2022. If AVAX drops another 20%, AVAT’s reserve value would fall below $100 million against a merger valuation nearly seven times that figure.
The company’s next quarterly filing will show whether the going-concern language returns or whether the post-merger capital is sufficient to sustain operations. For investors who bought shares at the $1.85 debut price, the 73% decline in less than a month represents one of the steepest post-SPAC drops in the digital asset sector this year.
The Solana Foundation has launched Solana Governance Proposals (SGPs), a new onchain governance system that allows validators and stakers to formally participate in major protocol decisions.
Under the new framework, any validator with at least 100,000 $SOL delegated can submit an SGP. Votes take place fully onchain, use stake-weighted voting, and are verified through Merkle proofs. Delegators also gain the ability to override their validator's vote or cast a vote if their validator does not participate, a feature the Solana Foundation describes as "staker sovereignty."
According to the Foundation, proposals remain permissionless, but voting only begins after a proposal receives support from at least 15% of the network's stake. The threshold aims to ensure the validator set only votes on issues that attract meaningful community interest while allowing developers to continue routine protocol work without frequent governance votes.
The launch follows months of debate over how Solana makes protocol decisions, after the failure of the SIMD-0228 inflation reduction proposal exposed concerns that validators held disproportionate influence over governance. The new system expands participation by allowing delegators to directly influence votes that affect the network's future.
SGPs Vs. SIMDs The new governance model distinguishes between Solana Governance Proposals and Solana Improvement Documents (SIMDs). An SGP answers the question, "Should we do this?" It provides a stake-weighted signal from validators and delegators on whether the ecosystem supports pursuing a particular direction. A SIMD answers a different question: "How exactly do we do this?" It focuses on the technical specification required to implement protocol changes and remains subject to review by core developers.
The Solana Foundation said all governance proposals should now use the SGP process, while SIMDs should remain focused on technical implementation. The Foundation pointed to Alpenglow, Solana's proposed consensus upgrade, as an example. An SGP could have first measured community support for pursuing the idea before one or more detailed SIMDs defined the implementation. A successful SGP gives core developers a clear mandate to move forward, while the implementation work continues through the SIMD process.
How the Voting Process Works Every SGP contains two components. The first is a public markdown document outlining the proposal, rationale, and voting question. The second is an onchain proposal account created through the svmgov program that links directly to that document.
An SGP is intended for long-term directional decisions with onchain economic implications that benefit from stake-weighted community input. If fewer than 15% of the network's stake supports holding a vote, the standard SIMD process continues without an SGP. Once the 15% support threshold is reached, the proposal advances to a stake-weighted vote.
To pass, a proposal requires a two-thirds supermajority of participating stake. Abstentions do not count toward the calculation, and there is no minimum turnout requirement.
Community Members Welcome the Change Dr. Nick Almond, Head of Governance at Jito Foundation, described the launch as a major milestone, saying Solana now operates what he believes is the most advanced decentralized governance system in operation.
Michael Hubbard, CEO of SOL Strategies, said previous governance votes relied on manually issuing voting tokens and tallying results, calling the new system a significant improvement. He added that enabling validators to represent the stake entrusted to them strengthens the long-term health and safety of the network and ecosystem.
Michael Repetný, Co-Founder and CEO of Marinade Labs, said that protocol decisions that previously occurred through Discord discussions and private conversations can now be proposed, voted on, and verified directly onchain, allowing anyone to independently verify the outcome rather than relying on others.
Why Solana Changed Its Governance Model The introduction of Solana Governance Proposals comes after SIMD-0228, a proposal that would have reduced $SOL inflation, failed to pass last year. The vote sparked criticism of Solana’s governance process because only validators could participate directly, even though tokenomics affect every $SOL holder.
Critics argued that validators had a financial incentive to oppose the proposal because inflation increases staking rewards, raising concerns that validators' interests and the broader community's were not always aligned. The new SGP framework addresses part of that criticism by allowing delegators to override their validator’s vote or vote when their validator abstains.
The timing is significant because Solana is preparing to consider some of the largest economic policy proposals since SIMD-0228. These include SIMD-0550, a new disinflation proposal that revisits changes to $SOL’s issuance model, and SIMD-0553, which proposes an additional base fee on transactions that is eventually burned. According to estimates, SIMD-0553 could burn up to 9,000 $SOL per day.
The governance launch also arrives as the Solana Foundation Delegation Program continues to represent a smaller share of the network's total stake.
According to Blockworks data, the Foundation Delegation Program accounted for 4.92% of the total staked $SOL during Q2 2026, representing approximately $1.6 billion in delegated $SOL.
That marks the program's lowest quarterly share on record, indicating that a growing portion of staking power now sits with the broader validator and staking community as Solana's new governance framework takes effect.
Read More on SolanaFloor Forward Industries Adds 500K $SOL to Treasury as Corporate Accumulation Shows Signs of Returning
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Solana Foundation CPO Shares 2026 Outlook For Solana!
The fresh $8 million raise for predictive behavioral AI network THEA puts Solana at the center of a quiet but consequential race. Instead of forcing inference computation on-chain—an expensive and slow proposition—the project is building a coordination layer that settles accounts and routes requests while the heavy math stays off-chain. The approach addresses a friction that has kept machine learning outputs from being reliably used in DeFi and on-chain automation. The funding round, led by Maven11 Capital, Spartan Group, ManifoldTrading, HackVC and Fisher8 Capital, arrived as institutional interest in crypto-AI convergence keeps climbing.
Solana has consistently ranked among the top chains by developer activity, as seen in recent weekly developer rankings, and the network’s low-latency architecture makes it an attractive settlement layer for AI coordination. THEA plans to use Solana to manage inference requests, accounting, and settlement, treating the blockchain as a verifiable ledger rather than a compute engine. It is a division of labor that mirrors how certain high-frequency trading systems operate: speed-sensitive logic stays close to the hardware, while finality and dispute resolution happen on-chain.
The Case for Keeping Computation Off-Chain On-chain inference remains a bottleneck. Running neural networks directly on Ethereum or Solana is not only cost-prohibitive but also introduces latency that breaks real-time use cases. THEA’s design acknowledges that machine learning models will run where they perform best—on GPUs, TPUs, or future specialized hardware—while Solana provides an immutable record of who requested what, which model was used, and who should be paid. This separation could unlock a market where AI services are paid for on a per-inference basis, with settlement flowing through SOL or SPL tokens.
The structure also lowers the trust barrier. Rather than requiring every user to audit a model’s output, the network coordinates what answers were delivered and provides a settlement trail. The round included trading firm ManifoldTrading, which suggests institutional interest not just in the technology but in how AI outputs could be plugged into execution environments. A transparent ledger of AI interactions is something that quant funds and automated strategy builders might find particularly useful.
What Solana’s Ecosystem Gains From an AI Settlement Layer THEA’s launch could give Solana-based DeFi protocols a native way to integrate predictive models without building their own infrastructure. If a lending protocol wants to use AI to score borrower risk or a DEX wants to reroute orders based on model-driven slippage forecasts, the coordination layer would handle the invoicing and settlement. These kinds of partnerships mirror other AI-driven Web3 integrations, such as UXLINK and Origins Network, where off-chain compute is paired with on-chain coordination. Teams building on Solana get a middleware that reduces the time from model output to on-chain action.
The timing matters. A string of recent infrastructure deals has pushed the total value of tokenized real-world assets past $20 billion, and on-chain settlement for non-speculative data—such as AI predictions—could be next. If THEA’s model gains traction, Solana might see a new category of transaction volume that does not originate from token swaps or NFT mints but from machine-to-machine invoicing. That would add a different kind of fee base and broaden the network’s utility beyond its current DeFi and memecoin identity.
Open Questions and What to Watch Despite the raise, several things are not yet settled. THEA’s tokenomics have not been disclosed, and it is unclear whether the network will introduce a native token, use SOL as the primary gas and settlement unit, or structure fees in stablecoins. The decision will shape how value accrues and whether the protocol is perceived as a Solana-native asset or an external service that uses Solana as a utility.
Adoption also hinges on how many AI model providers plug into the network. THEA’s coordination layer only works if there is enough supply of predictive behavioral models willing to accept payment through on-chain rails. For now, the networks that dominate AI inference—mostly centralized providers—have shown little interest in crypto settlement. If THEA cannot bridge that gap, the network may struggle to attract volume from serious machine learning teams.
Another variable is Solana’s reliability. While the chain’s uptime has improved, a coordination layer that handles real-time inference requests demands near-perfect block production and minimal state bloat. Even short delays in settlement could create discrepancies between off-chain model results and their on-chain record, opening arbitrage or dispute scenarios. Traders watching THEA should track the ratio of inference requests settled versus failed, if that data becomes public.
Still, the raise signals that venture capital sees value in the plumbing between AI and blockchains, not just in yet another layer-one token or decentralized compute marketplace. If THEA executes, Solana could become the de facto settlement environment for an emerging class of machine intelligence services. The next test is a mainnet launch that shows real usage, not just a well-funded idea.
AUTHOR
Max delves deep into the cryptocurrency realm, with a passion for altcoins and NFTs. Convinced of crypto's transformative potential, he envisions a decentralized financial future. Max's background in the financial sector grants him unique insights into global monetary systems. In his leisure, Max embraces the thrill of adventures and is an avid sports enthusiast, finding balance and rejuvenation away from work.
BlackRock-backed tokenization firm Securitize surged over 8% on its first day of trading on the New York Stock Exchange, with shares rising as high as $12.75 under the ticker symbol SECZ. The company completed its public offering by merging with a special purpose acquisition company (SPAC) supported by Cantor Fitzgerald.
On Thursday, Securitize shares began trading on the NYSE while a tokenized version of SECZ also launched on the blockchain the same day. According to Securitize, $266 million worth of tokenized shares have now been issued across the Solana and Avalanche networks, which the company says makes SECZ the world’s largest tokenized equity.
Mini glossary: Tokenization refers to representing traditional assets such as stocks, bonds, or fund shares as digital tokens on a blockchain. Avalanche and Solana are layer-1 blockchain networks designed for applications and digital asset transactions.
Our focus hasn’t changed: We are building compliant infrastructure for the next generation of capital markets.
Founded in 2017, Securitize is known for spearheading the digitalization of real-world assets. The company noted that eligible investors can access tokenized SECZ shares via its regulated platform.
TitleDetailsTickerSECZFirst day price$12.75Day one performanceOver 8% increaseTokenized stock value$266 millionSupported networksSolana and AvalancheLeadership sees tokenization as a model for capital marketsCo-founder and CEO Carlos Domingo described the blockchain launch of the company’s own publicly traded shares as a strong validation of Securitize’s long-standing vision. He emphasized that this step not only marks a milestone for the company, but also demonstrates a model for other public firms seeking to make shareholder experiences more efficient and transparent through tokenization.
Carlos Domingo highlighted that moving SECZ onto the blockchain stands as a reference point for public companies looking to use tokenization to create a more efficient, transparent, and functional ownership experience for shareholders.
President Brett Redfearn, who joined Securitize in April after serving as Director of Trading and Markets at the US Securities and Exchange Commission, stressed that tokenization should not be viewed as an opportunity solely for Wall Street institutions. Redfearn believes that bringing real-world assets onto the blockchain can deliver direct benefits to individual investors as well.
According to Redfearn, enhancing investor control over assets while reducing intermediary influence opens the door to new use cases, particularly in decentralized lending. He suggested that tokenized ownership structures could transform conventional securities lending models, with disintermediation offering compelling new opportunities in the sector.
Assets under management surpass $4 billionAs of June, Securitize reported managing over $4 billion in assets. Its unique dual structure—trading shares simultaneously on both traditional exchanges and blockchain networks—is emerging as a new institutional benchmark for tokenization in the capital markets arena.
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.
There is a reason this one is worth separating from the usual market noise. Solana Foundation Launches Validator Governance Framework for On-Chain Voting gives NewsBTC readers a clean angle on Solana at a point where the market is trying to separate durable signals from short-lived noise.
According to the source material reviewed for this report, the story turns on a few concrete details rather than vague sentiment. That matters because crypto headlines can move quickly, but the pieces that tend to last are the ones backed by filings, official releases, data dashboards, or protocol-level records.
TL;DR
The Solana Foundation deployed a new protocol-level governance framework. Validators holding at least 100,000 delegated SOL can now publish proposal drafts. Proposals advance to stake-weighted voting once they secure a minimum of 15% cluster support. A Fresh Signal For The Market The immediate relevance is that this development fits into one of the market’s main themes for the day: institutional positioning, network usage, regulatory pressure, protocol development, or asset-specific rotation. In this case, the key topic is Solana, which is why it deserves a dedicated read rather than being buried inside a broader market recap.
For traders, the useful part is not simply that the headline exists. It is the way the facts line up with the current market backdrop. When official sources, market data, or protocol records show a fresh shift, readers get a better sense of whether the move is just a one-day reaction or part of something more structural.
The Numbers That Matter The core source for this story is governance.solana.com with supporting data from docs.governance.solana.com. That source trail is important because the final article should not rely on discovery-only media links or second-hand summaries.
The Solana Foundation deployed a new protocol-level governance framework.
Validators holding at least 100,000 delegated SOL can now publish proposal drafts.
Proposals advance to stake-weighted voting once they secure a minimum of 15% cluster support.
The numerical claims in the pack were tied back to specific source material before writing. '100,000 SOL' sourced from Solana Foundation SGPs proposal threshold requirement; '15%' sourced from Solana Foundation SGPs cluster stake support threshold; 'two-thirds (66.67%)' sourced from Solana Foundation SGPs pass requirement
The Important Caveat The caution is just as important as the headline. Do not state this is a complete fork of the validator software; it is a governance protocol addition.
That means the cleaner read is to treat this as a confirmed development with a defined scope, not as proof of a guaranteed price move or a sweeping market shift. In crypto, the difference matters. A verified data point can strengthen a thesis, but it does not remove execution risk, liquidity risk, regulatory uncertainty, or the possibility that traders fade the initial reaction.
For now, the story gives the market another piece of evidence to weigh. If follow-up filings, dashboard updates, protocol records, or official statements confirm further momentum, the angle can develop into something larger. If not, it still stands as a useful snapshot of where activity is concentrating today.
This report is based on information from governance.solana.com and docs.governance.solana.com.
This article was written by the News Desk and edited by Samuel Rae.
Solana delivered one of its strongest quarters to date in Q2 2026, setting new records across several of its most closely watched metrics. The network reached all-time highs in tokenized equities trading, perpetual futures volume, and transaction activity while maintaining its lead in dApp revenue.
Tokenized Equities Reach New Peak Solana recorded its strongest quarter ever for tokenized equities spot trading in Q2 2026, processing $4.84 billion in volume. The network also captured more than 96% of the market, handling more tokenized equity trading volume than every other blockchain combined.
The achievement also extended Solana's lead over all other blockchains to 4 consecutive quarters, reinforcing its position as the leading network for tokenized equities.
dApps Extend Revenue Leadership Applications built on Solana generated $257 million in revenue during the quarter, keeping the network ahead of every Layer 1 and Layer 2 blockchain for the 9th consecutive quarter.
Developer activity and user demand remained strong across the ecosystem despite increasing competition from other networks.
Transaction Activity Hits New Records Solana's transaction activity reached new all-time highs across every major timeframe. Daily, weekly, and monthly transaction counts all set new records during Q2.
The network increased its share of total blockchain transactions to 59%, the highest level in 11 months. Quarterly transaction activity reached roughly 9.8 billion non-vote transactions, reflecting sustained growth in onchain usage.
Perpetual Futures Trading Surges Perpetual futures trading on Solana reached another milestone, with quarterly notional volume climbing to a record $183 billion. Competition among decentralized perp DEXs intensified throughout the quarter. GMTrade emerged as the largest contributor to quarterly volume, followed by Pacifica and Jupiter, also contributed meaningful activity.
GMTrade's rapid expansion built on momentum that began earlier in the year. By May, the platform had surpassed $40 million in TVL, processed more than $50 billion in cumulative trading volume, and generated over $6.58 million in protocol fees.
Phoenix also continued to gain traction despite claims of “kingmaking” by the Solana Foundation. The platform reached a new all-time high in daily trading volume in Q2 and introduced Flight Codes, a feature that allows developers to monetize applications and services built on its markets.
Foundation Stake Continues to Decline The Solana Foundation Delegation Program continued reducing its share of the network's stake. By the end of Q2 2026, Foundation delegated stake had fallen to about $1.6 billion, representing 4.92% of total network stake.
The continued decline reflects the Foundation's ongoing effort to reduce its direct influence over network validation as the validator ecosystem matures.
Taken together, the Q2 2026 metrics point to continued growth across Solana's ecosystem despite poor market ocnditions many participants viewed as the peak of the bear market. If Q2 ultimately proves to have marked the bottom of the present market cycle, these record metrics could provide a foundation for even greater growth in the coming quarters, particularly in tokenized equities trading.
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SLX exploded onto Korean exchanges, spiked to $0.47, then gave most of it back. Behind the volatility sits a Solana yield protocol with real total value locked. Here is the bull case, the bear case, and where SLX could go next.
Summary
Solstice is a Solana-native yield protocol built around institutional-style strategies and its own USX stablecoin, and SLX is its governance and utility token, launched in early 2026. SLX drew heavy attention through rapid listings on major exchanges including Upbit and Bithumb, spiking to an all-time high near $0.47 before pulling back sharply into the high-teens to low-thirties cents. The bull case rests on genuine total value locked, deep exchange liquidity, Solana ecosystem momentum, and a fixed token supply, which set Solstice apart from purely speculative launches. The bear case centers on vesting-driven sell pressure, the token’s short and unproven history, extreme volatility, and its exposure to Solana and the broader risk-off market. The realistic path for SLX is wide: a reclaim toward $0.47 is possible if total value locked keeps growing, while a break of key support near $0.20 would open the door to launch-era lows. Solstice and its SLX token became one of the few things moving in a bruised crypto market, spiking more than 50% in a single day at one point and drawing intense trading volume across Korean and global exchanges.
Behind the price action is a Solana-based yield protocol that, unlike many recent launches, arrived with a working product and real capital already flowing through it. That combination of genuine fundamentals and violent volatility is exactly what makes SLX interesting and hard to forecast.
This price prediction walks through what Solstice is, why SLX is trending, the strongest arguments on both sides, the technical picture, and a set of bull, base, and bear scenarios. None of it is financial advice, and SLX is a small, volatile asset, so the ranges here are wide by necessity.
What is Solstice, and why is SLX trending? Solstice is a decentralized finance protocol built on Solana that positions itself as a yield layer, bringing institutional-style strategies on-chain instead of chasing meme-driven hype. Its approach centers on strategies such as delta-neutral funding trades and tokenized credit exposure, the kind of yield generation that has traditionally lived outside public blockchains.
At the center sits USX, the protocol’s native stablecoin, which supports lending, yield, and capital-efficient strategies across the Solana ecosystem. SLX is the governance and utility token that powers all of this, and a staked version, stSLX, is already live through integrations such as Exponent Finance.
What separates Solstice from the long tail of small-cap launches is that it came to market with a real product and real capital. The protocol reported total value locked in the hundreds of millions of dollars around its 2026 launch, with staking infrastructure securing over $1 billion in validator operations. That is a genuine fundamental backdrop, not a promise, and it is the main reason serious traders have paid attention instead of dismissing SLX as another listing pump. The token also has a fixed supply, which matters for any long-term valuation argument.
The trending began with distribution. SLX listed rapidly across major venues, with Upbit adding a Korean won pair and Bithumb, OKX, Bybit, Kraken, Gate, and others following within days, plus futures markets on several large exchanges. That breadth of liquidity, combined with strong Korean retail demand, produced enormous volume and sharp moves, including a spike to an all-time high near $0.47 and a later single-day surge of more than 50% on hundreds of millions of dollars in volume.
The token has since pulled back well off that high, which sets up the central question: was the spike a first taste of price discovery for a real protocol, or a listing-driven pump that is now fading?
The bull case for SLX The bull case starts with the product being real. Solstice is not a whitepaper promise; it is a protocol with meaningful total value locked and a functioning stablecoin in USX, generating the kind of on-chain activity that can support a token’s value beyond speculation. In a market crowded with launches that have no users and no revenue, a Solana yield protocol with hundreds of millions of dollars locked and over $1 billion in secured validator operations stands out. If that total value locked keeps growing, it provides a fundamental floor under SLX that pure momentum tokens lack.
The second pillar is liquidity and reach. SLX is not stranded on one exchange; it trades across Upbit, Bithumb, OKX, Bybit, Kraken, and more, with active futures markets. That multi-exchange presence, and the strong Korean demand that has driven much of the volume, means SLX can attract capital from many directions and can move fast when sentiment turns positive. Deep, distributed liquidity is a real asset for a young token, because it lowers the friction for new buyers and supports larger positions without extreme slippage.
The third pillar is the Solana ecosystem itself. Solstice is a bet on Solana, and Solana has its own momentum, with major protocol upgrades in progress and spot Solana exchange-traded funds already drawing inflows even during the downturn. If Solana strengthens, its native yield protocols benefit from rising activity and capital, and SLX is positioned squarely in that flow as an institutional-yield and stablecoin play. Add a fixed token supply and a live staking mechanism through stSLX, and the bull case is that SLX is an early-stage bet on real Solana yield infrastructure, with room to reprice higher if adoption compounds and the market rotates back toward risk.
The bear case for SLX The bear case is equally concrete, and it starts with sell pressure baked into the token’s design. Solstice used vesting mechanics tied to its early reward programs, and those mechanics have created real, forced selling. Users who chose vesting options faced deadlines and requirements to maintain total value locked or risk losing unclaimed tokens, which forces decisions that ripple through the market in short, sharp bursts. When early participants are pushed to claim, sell, or restructure positions on a schedule, that overhang weighs on price regardless of how good the underlying protocol is.
The second problem is that SLX is new and unproven over any meaningful time horizon. It launched in 2026, so it has no track record across a full market cycle, no history of how its yield strategies perform under stress, and no evidence yet that its total value locked is sticky rather than mercenary capital chasing incentives. Delta-neutral and tokenized-credit strategies carry their own risks, and a young protocol has not been tested by a genuine crisis. Small market capitalization compounds this: a token this size can move violently in both directions, and the same volatility that produced a 50% up-day can produce equally brutal declines.
The third pressure is external. As a small-cap token, SLX is highly sensitive to the broader market, and small caps are typically hit first and hardest when risk appetite fades. The wider crypto market entered the second half of 2026 off its worst month on record, with macro headwinds from a hawkish Federal Reserve and tight liquidity, and in that environment speculative Solana tokens are vulnerable. SLX also depends heavily on Solana; any weakness in the ecosystem, or a rotation away from it, pulls SLX down with it. The bear case is that the listing-driven spike was the peak of attention, and that vesting overhang plus a hostile macro backdrop grinds the token back toward its launch-era lows.
The technical picture The chart tells a story of a sharp discovery phase followed by a deep retracement. SLX reached an all-time high near $0.47 in its early weeks, driven by listing momentum and Korean demand, then fell hard as that initial euphoria faded and vesting pressure kicked in.
Solstice price chart | Source: TradingView Along the way, it printed dramatic moves, including a single-day surge of more than 50% to around $0.26 on roughly $253 million in volume, the kind of volatility that defines a young, thinly seasoned token in active price discovery. Since the high, the token has traded well below it, at times slipping into the high teens in cents.
The key level bulls and bears are watching is support around $0.20. That zone has acted as a line in the sand: holding it keeps a recovery structure intact, while a decisive break below it signals that the earlier bounce was just a bounce and opens the path toward launch-era lows. On the upside, the token has to reclaim and hold higher ranges before the $0.47 all-time high comes back into view, and doing so would require sustained volume and improving sentiment rather than a single spike. Momentum indicators have swung with the price, reflecting a token that has not yet settled into a stable trend.
The honest read of the technicals is that SLX is in an unresolved range beneath its all-time high, with $0.20 as the pivotal support and the high near $0.47 as the reference resistance. Because the token is young and volatile, technical levels are less reliable than they are for seasoned assets, and a single macro or protocol catalyst can override the chart.
For a price prediction, the technicals mostly define the boundaries: a wide zone between the low-twenties cents on the downside and the high-forties on the upside, with the resolution depending on fundamentals and market conditions more than on any pattern.
What could move SLX next Several specific catalysts will likely decide which way SLX breaks. The most important is total value locked. Because Solstice’s entire investment thesis rests on being a real yield protocol, the trajectory of its total value locked is the single best signal to watch.
Growing total value locked, especially if it proves sticky after incentive programs wind down, would validate the fundamental case and support a higher token price. Shrinking total value locked, or evidence that the capital was purely mercenary, would undercut the whole argument. Adoption of the USX stablecoin is part of the same story, since real usage of USX in lending and yield is what turns Solstice from a launch into a lasting protocol.
The second driver is the vesting and unlock schedule. Because forced selling from vesting has already pressured the token, the timing and size of upcoming unlocks matter directly. Periods of heavy unlocking are headwinds; periods where supply pressure eases give the token room to recover. Traders watching SLX should track the schedule closely, because unlocks are among the most predictable sources of selling for a young token.
The third set of catalysts is external: Solana and the macro backdrop. Strength in Solana, whether from protocol upgrades, exchange-traded-fund inflows, or a broad rotation back into the ecosystem, would lift SLX, while Solana weakness would drag it down. Above that sits the overall market, where macro signals like inflation data and Federal Reserve policy set the risk appetite that small caps live and die on.
Continued Korean exchange demand is a further wildcard, since that flow has driven much of SLX’s volume and could reignite momentum or fade. The interplay of protocol growth, unlock pressure, Solana health, and macro risk appetite is what will move SLX from here.
Is SLX a trade or a long-term hold? One of the most useful ways to think about SLX is to separate the short-term trade from the long-term thesis, because they are governed by very different forces. As a short-term trade, SLX is a momentum and liquidity story. Its price has been driven by listing events, Korean exchange demand, volume spikes, and vesting-related selling, and those forces produce sharp, fast moves in both directions.
A trader focused on this timeframe cares about volume, the $0.20 support, unlock dates, and shifts in market risk appetite, and treats the token as a high-volatility instrument to be sized small and managed tightly. On this horizon, fundamentals matter less than flows, and the biggest risk is being caught on the wrong side of an unlock or a broad risk-off move.
As a long-term hold, SLX is a bet on Solstice becoming durable Solana infrastructure. That thesis rests on whether the protocol’s total value locked proves sticky after incentives fade, whether USX earns real adoption as a stablecoin, and whether Solstice’s institutional-yield strategies keep working across market conditions.
A long-term holder is effectively wagering that a real yield protocol with genuine capital will grow into and beyond its current valuation as Solana matures, and is willing to sit through severe volatility to get there. On this horizon, the daily chart matters far less than the trajectory of the fundamentals.
The two views can point in opposite directions at the same moment. A token can look dangerous as a short-term trade, with unlocks looming and momentum fading, while looking attractive as a long-term accumulation if you believe in the protocol, or the reverse, with strong short-term momentum masking a fragile long-term case.
This is why a single price target is misleading for an asset like SLX: the right answer depends on whether you are trading the flows or investing in the protocol. Being honest with yourself about which one you are doing is the most important risk decision, more important than any level on the chart.
For most people, the practical takeaway is to match position size and time horizon to conviction. If the interest is the trade, keep positions small, respect the levels, and watch the unlock schedule and macro closely. If the interest is the long-term protocol thesis, the questions that matter are about total value locked, USX adoption, and Solana’s health over quarters and years, not about this week’s candle. Blurring the two, holding a trade that went wrong as if it were a long-term investment, or trading in and out of a position meant to be a multi-quarter thesis, is how small-cap tokens do the most damage to a portfolio.
Solstice price prediction scenarios Because SLX is a young token with limited price history, the most honest approach is to frame scenarios instead of pretending precision. The ranges below are illustrative and built from the drivers discussed above, not guarantees. SLX can move well outside them if the market or Solana shifts suddenly.
Bull case In the bull scenario, Solstice proves that its total value locked is durable rather than incentive-driven, USX adoption keeps expanding, and Solana remains one of the strongest ecosystems in crypto. Vesting-related sell pressure fades, Korean demand stays healthy, and broader market sentiment improves as liquidity returns to crypto. Under those conditions, SLX reclaims the higher trading ranges, breaks back through resistance, and retests the all-time high near $0.47. If protocol growth continues beyond expectations, price discovery above that level becomes possible, supported by a fixed token supply and expanding usage instead of listing hype alone.
Base case In the base scenario, the protocol continues growing but at a slower pace than the market hoped. Total value locked remains stable, USX adoption gradually improves, and vesting pressure offsets much of the organic demand. Solana performs reasonably well without entering another major bull phase, leaving SLX trading inside a broad range between roughly $0.20 support and the low-$0.30s. This is the “working protocol, patient market” outcome where fundamentals improve faster than price.
Bear case In the bear scenario, total value locked begins falling as incentive capital leaves, unlock-related selling continues weighing on the token, and Solana weakens alongside the broader crypto market. The $0.20 support fails, sending SLX back toward launch-era lows as speculative interest fades. Because the token is still early in its life cycle, confidence could deteriorate quickly if growth slows or the macro backdrop remains hostile. This outcome does not require the protocol to fail; it only requires demand to remain weaker than the ongoing supply pressure.
Frequently Asked Questions What is Solstice (SLX)? Solstice is a decentralized finance protocol built on Solana that focuses on institutional-style yield strategies. It combines products such as delta-neutral strategies, tokenized credit exposure, and its USX stablecoin to create capital-efficient yield opportunities. SLX is the protocol’s governance and utility token, while stSLX represents the staked version used within the ecosystem.
Why is SLX trending? SLX gained attention after listing on major exchanges including Upbit, Bithumb, OKX, Bybit, Kraken, and others in quick succession. Strong Korean trading activity, high volume, and a rapid move toward an all-time high near $0.47 pushed the token into the spotlight. Unlike many new launches, Solstice also arrived with meaningful total value locked, giving traders a real protocol to evaluate instead of only speculation.
Can SLX return to $0.47? A move back to the all-time high is possible but depends on several conditions. Solstice would need to continue growing its total value locked, expand USX adoption, reduce the impact of vesting-related selling, and benefit from a stronger Solana ecosystem and broader crypto recovery. Without those factors aligning, the token could remain below its previous peak for an extended period.
What are the biggest risks for SLX? The largest risks include vesting-related sell pressure, the protocol’s limited operating history, heavy dependence on Solana, and overall crypto market weakness. Because SLX is a relatively small-cap asset, it can experience much larger swings than established cryptocurrencies, making volatility an important consideration.
Why does total value locked matter? Total value locked measures how much capital users have committed to the protocol. Rising total value locked suggests growing adoption and confidence, while falling total value locked can indicate users are withdrawing funds or incentives are no longer attracting capital. For Solstice, it is one of the most important indicators of whether the protocol is building lasting value.
Is SLX a long-term investment or a short-term trade? It can be either, depending on the strategy. Short-term traders generally focus on exchange flows, unlock schedules, volume, and technical levels such as the $0.20 support. Longer-term investors are betting on Solstice becoming important infrastructure within the Solana ecosystem through sustained growth in total value locked, USX adoption, and institutional-style yield products.
What levels should traders watch? Support around $0.20 remains the key downside level. Holding above it keeps the recovery structure alive, while losing it could send the token back toward launch-era prices. On the upside, reclaiming the low-$0.30 range would improve momentum, with the all-time high near $0.47 remaining the major resistance level.
What could drive SLX higher? The strongest catalysts would be continued growth in total value locked, broader adoption of the USX stablecoin, easing vesting pressure, stronger activity across the Solana ecosystem, and improving macro conditions that bring capital back into higher-risk crypto assets.
Disclaimer: This article is for informational and educational purposes only and does not constitute financial, investment, or trading advice. Cryptocurrency prices are highly volatile, and forecasts are speculative rather than guaranteed. Nothing in this article should be considered a recommendation to buy or sell any asset. Always conduct your own research and consult a qualified financial professional before making investment decisions. Information is accurate as of July 2, 2026, and may change.
A 40-year-old goalkeeper from Cape Verde dreamed of facing Lionel Messi at a World Cup. Now that dream is about to come true, and the crypto market has noticed.
Vozinha, the oldest African goalkeeper competing in the 2026 FIFA World Cup, delivered an emotional message ahead of his team’s round-of-32 clash against Argentina, scheduled for July 3 in Miami. The sentiment was heartfelt. The market response was, predictably, a batch of speculative Solana-based memecoins.
From clean sheets to token sheets Cape Verde’s World Cup journey has been nothing short of remarkable. The island nation of roughly 600,000 people secured a historic 0-0 draw against Spain in their tournament debut, earning their first-ever World Cup point and punching a ticket to the knockout stage.
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Vozinha was the star of that defensive masterclass, keeping a clean sheet against one of the tournament favorites. His subsequent emotional remarks about fulfilling a lifelong dream of competing against Messi added a layer of narrative gold that sports media and, apparently, memecoin creators couldn’t resist.
Multiple unofficial tokens trading under variations of the VOZINHA ticker have surfaced on decentralized exchanges in recent days. Their market capitalizations range from roughly $2K to $28K.
These tokens exist exclusively on Solana-based decentralized exchanges. None carry endorsements from Vozinha himself, the Cape Verde Football Federation, or FIFA.
The sports-memecoin playbook Lionel Messi himself has history in the fan token space through his past association with platforms like Socios and the Paris Saint-Germain fan token. But there are zero direct ties between Messi, any official sports token platform, and the VOZINHA assets currently trading.
Low liquidity is the critical factor here. When tokens trade exclusively on DEXs with minimal volume, the spread between buy and sell prices can be enormous. A token might show a $28K market cap on paper, but actually converting that position back to stablecoins or SOL at anything close to the listed price is a different story entirely.
What this actually means for the market No centralized exchanges have listed any VOZINHA-related tokens. There are no established protocols, utility functions, or partnership frameworks backing them. The Cape Verde Football Federation has not announced any blockchain initiatives or official fan token programs.
The absence of centralized exchange listings is particularly telling. It means these tokens haven’t passed even the basic due diligence thresholds that major platforms apply.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Crypto markets have had plenty to digest today, and this development adds another layer to the picture. Solana Hits Record $3.4 Billion in Real-World Asset (RWA) Expansion gives NewsBTC readers a clean angle on Solana at a point where the market is trying to separate durable signals from short-lived noise.
According to the source material reviewed for this report, the story turns on a few concrete details rather than vague sentiment. That matters because crypto headlines can move quickly, but the pieces that tend to last are the ones backed by filings, official releases, data dashboards, or protocol-level records.
TL;DR
Solana-based real-world asset (RWA) TVL has reached a record $3.4 billion. The growth is accompanied by an expansion in on-chain stablecoin supply, which has climbed past $16 billion. These metrics reflect rising developer and institutional demand for Solana's low latency settlement layer. What Changed The immediate relevance is that this development fits into one of the market’s main themes for the day: institutional positioning, network usage, regulatory pressure, protocol development, or asset-specific rotation. In this case, the key topic is Solana, which is why it deserves a dedicated read rather than being buried inside a broader market recap.
For traders, the useful part is not simply that the headline exists. It is the way the facts line up with the current market backdrop. When official sources, market data, or protocol records show a fresh shift, readers get a better sense of whether the move is just a one-day reaction or part of something more structural.
Why It Stands Out The core source for this story is defillama.com with supporting data from defillama.com. That source trail is important because the final article should not rely on discovery-only media links or second-hand summaries.
Solana-based real-world asset (RWA) TVL has reached a record $3.4 billion.
The growth is accompanied by an expansion in on-chain stablecoin supply, which has climbed past $16 billion.
These metrics reflect rising developer and institutional demand for Solana's low latency settlement layer.
The numerical claims in the pack were tied back to specific source material before writing. '$3.4 billion' sourced from DeFiLlama Solana RWA TVL dashboard (July 2, 2026); '$16 billion' sourced from DeFiLlama Solana Stablecoins supply dashboard (July 2, 2026)
What Comes Next The caution is just as important as the headline. Do not count speculative memecoins as part of the RWA calculation.
That means the cleaner read is to treat this as a confirmed development with a defined scope, not as proof of a guaranteed price move or a sweeping market shift. In crypto, the difference matters. A verified data point can strengthen a thesis, but it does not remove execution risk, liquidity risk, regulatory uncertainty, or the possibility that traders fade the initial reaction.
For now, the story gives the market another piece of evidence to weigh. If follow-up filings, dashboard updates, protocol records, or official statements confirm further momentum, the angle can develop into something larger. If not, it still stands as a useful snapshot of where activity is concentrating today.
This report is based on information from defillama.com and defillama.com.
This article was written by the News Desk and edited by Samuel Rae.
Capital is turning its back on crypto faster than it arrived earlier this year. The Santiment update on June market dynamics paints a sobering picture: Bitcoin slumped, money poured out of ETFs, AI equities grabbed speculative attention, a brief Iran scare added weekend whiplash, and Solana’s memecoin mania created chaos rather than sustainable traction. As the second half of 2026 begins, the market is left confronting a liquidity drain that few predicted at the cycle’s start.
BTC’s decline in June wasn’t just about price. The flow of capital out of spot ETFs signals that institutions and retail traders are hitting the brakes. While Bitcoin has historically rallied in the months following halvings, the current environment is different. The competing pull of AI stocks has become a real drain on risk capital that might otherwise rotate into crypto narratives. When Nvidia and other AI names offer visible earnings narratives, digital gold struggles to hold speculative attention, especially when ETF products make leaving as easy as clicking “sell.”
Liquidity Diverted, Not Destroyed The key observation from the Santiment note is that the capital isn’t evaporating entirely—it’s being redirected. Equities linked to artificial intelligence have acted as a giant sponge, absorbing flows that previously chased crypto volatility. This dynamic has been building for months, but June confirmed that crypto is no longer the only high-beta game in town for growth-focused portfolios. For traders, this means BTC and Ether rallies now need a clearer catalyst to compete with AI-driven momentum.
Meanwhile, the regulatory backdrop remains messy. Even as ETF outflows accelerate, Washington’s legislative path is far from settled. Just days before a crucial Senate vote, major banks are pushing to kill one of the most significant crypto bills in US history. That uncertainty may be discouraging new institutional allocations. If the rules stay murky, ETF flows could remain under pressure regardless of spot price action.
Solana’s Memecoin Hangover Solana’s network saw wild memecoin activity in June, but the aftermath has been more disarray than adoption. The Santiment report frames the episode as “memecoin chaos,” not a healthy ecosystem expansion. While fee generation spiked, so did congestion and user losses, which tends to push serious builders away. Tellingly, developer activity on Solana remains among the top blockchains, as recent data on developer activity this week indicates, but the path from speculative frenzy to durable infrastructure is never linear. The next few weeks will show whether the network can absorb the damage or whether the memecoin washout leaves a lasting dent in user trust.
What remains uncertain is whether July can repair the damage. ETF outflows may slow if BTC stabilizes above key support, but a genuine turnaround likely requires a macro catalyst or an AI rotation. Iran-related weekend volatility also reminded traders that geopolitical surprises haven’t gone away. For now, the H2 reset feels less like a healthy consolidation and more like a market waiting for a reason to believe again.
AUTHOR
Max delves deep into the cryptocurrency realm, with a passion for altcoins and NFTs. Convinced of crypto's transformative potential, he envisions a decentralized financial future. Max's background in the financial sector grants him unique insights into global monetary systems. In his leisure, Max embraces the thrill of adventures and is an avid sports enthusiast, finding balance and rejuvenation away from work.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
The tokenization firm put its real common stock on Solana and Avalanche the same day it began trading on the New York Stock Exchange, in what it says is a first for a newly public company.
Posted July 2, 2026 at 8:15 pm EST.
Securitize put its own stock on a blockchain the day it went public. The tokenization firm began trading on the New York Stock Exchange under the ticker SECZ on Thursday and the same day tokenized its common stock on Solana and Avalanche. According to the company, it is the first newly public company to bring its own equity onchain on its first day of trading.
Tokenized SECZ was worth roughly $295 million onchain as of publication, according to data tracker RWA.xyz. Each token is the same common stock that trades on the exchange, the company said, rather than a newly created share class.
That distinction is the whole point. Over the past year, exchanges and brokerages including Robinhood, Kraken, and Coinbase have rolled out tokenized stock products, but most are third-party tokens that track shares the platform holds or references. Securitize instead put its own registered shares onchain through its own SEC-licensed transfer-agent and broker-dealer rails.
Co-founder and CEO Carlos Domingo said in the announcement: “SECZ is not a synthetic token or offshore wrapper. It is issuer-sponsored tokenization of the same common stock trading on the NYSE, made available through regulated infrastructure.”
Domingo was blunter in an interview: “We just wanted to lead by example and show people that if you want to issue real shares onchain, not fake shares, not copy cats, whatever you want to call it, then you can do it.”
Securitize, whose existing backers include BlackRock and Ark Invest, went public through a merger with the special-purpose acquisition company Cantor Equity Partners II. It has spent years building tokenization plumbing for asset managers, and was tapped by the NYSE earlier this year to help build a 24/7 tokenized-equity trading platform.
Company president Brett Redfearn put it more plainly in an interview: “We’re gonna eat our own dog food.” He expects other public companies to bring their shares onchain within the year.
Related Listen: Why Authorities Can’t Freeze Crypto Fast Enough: DEX in the City
AI-assisted content: This article was produced with the assistance of AI tools and was reviewed, edited, and fact-checked by a member of the Unchained editorial team before publication.
When a company lists on the New York Stock Exchange and simultaneously puts its own equity on-chain, it’s making more than a technological statement. Securitize, which began trading on the NYSE on July 2, tokenized $295 million of its Class A common stock on Solana and Avalanche at launch. As the original report noted, it is the largest issuer-sponsored tokenized stock ever launched. The move draws a clear line against third-party platforms that mint synthetic equity tokens without the issuer’s blessing.
The scale matters. A $295 million issuance dwarfs previous tokenized stock experiments. Securitize isn’t a startup dipping a toe; it’s a regulated transfer agent and now a public company. By issuing its own shares as digital assets on two competing smart contract platforms, Securitize signals that companies can control their tokenized equity rails instead of relying on external token issuers that sometimes operate in regulatory gray zones.
This shift arrives as the broader tokenization of real-world assets accelerates. In the past week alone, the RWA market crossed $20 billion on-chain, while Bullish acquired Equiniti for $4.2 billion and Ondo settled the first live tokenized Treasury trade with JPMorgan. Securitize’s self-issuance fits that pattern of established firms moving from experimentation to live capital markets infrastructure.
Two Chains, One Point Choosing both Solana and Avalanche rather than a single chain avoids platform risk and shows the company is not betting on one ecosystem. Solana’s high throughput and low latency, paired with Avalanche’s subnet architecture and institutional partnerships, offer complementary trade-offs. Both chains rank near the top in recent developer activity, which is critical for long-term security and maintenance of tokenized asset contracts.
The dual issuance also makes life harder for a rival tokenized stock platform. If a company can mint its own shares natively on multiple chains, the value proposition of third-party synthetic tokens weakens. Those platforms often rely on oracle-based price pegs and custody arrangements that introduce additional risk layers. An issuer-controlled model, with direct settlement and transfer agent oversight, avoids that complexity.
Regulatory Context Looms Tokenized equity sits at the intersection of securities law and blockchain compliance. Securitize is a registered transfer agent, so its tokenized stock is designed to stay within regulatory boundaries. But the broader landscape remains unsettled. A major crypto bill is moving through the U.S. Senate, with banks pushing for last-minute changes that could alter the regulatory treatment of digital assets. How tokenized securities are classified under future rules will determine whether issuer-led models like Securitize gain an edge over less compliant alternatives.
For now, the NYSE listing provides public market credibility while the on-chain shares offer 24/7 transferability and programmability. It’s a hybrid that could become a blueprint. If more publicly traded companies follow Securitize’s example, third-party tokenized stock platforms may find themselves squeezed between regulators and issuers who prefer to own the entire vertical stack.
What Remains Uncertain Liquidity is the open question. Tokenized shares on Solana and Avalanche will need secondary market infrastructure to attract holders beyond early adopters. Without deep order books or widespread integration with broker-dealers, the tokens could remain a symbolic milestone rather than a liquid alternative to exchange-traded shares. Securitize has not yet detailed which venues will support trading of the tokenized stock.
Interoperability across chains also introduces challenges in tracking ownership and maintaining corporate actions. While the dual-chain approach broadens access, it splits liquidity and could create discrepancies in shareholder communications. The market will watch whether asset managers and institutional investors actually demand tokenized shares instead of simply holding the NYSE-listed version.
What Securitize has done is plant a flag. It turned its own equity into a live case study. The outcome will tell the market whether issuer-sponsored tokenized stock can scale beyond a single well-resourced company.
AUTHOR
Max delves deep into the cryptocurrency realm, with a passion for altcoins and NFTs. Convinced of crypto's transformative potential, he envisions a decentralized financial future. Max's background in the financial sector grants him unique insights into global monetary systems. In his leisure, Max embraces the thrill of adventures and is an avid sports enthusiast, finding balance and rejuvenation away from work.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Luka Modric just became only the fourth player in history to earn 200 international caps, reaching the milestone on June 23, 2026, during Croatia’s 1-0 win over Panama at the FIFA World Cup. At 40 years old, playing in his fifth World Cup, the midfielder is writing the final chapter of one of the most decorated international careers ever.
Modric was appointed as the global brand ambassador for CoinW, a crypto asset trading platform, back on April 9, 2026. He also launched a Solana-based meme token, $MODRIC, which reached a market cap of roughly $100K by early June 2026.
A World Cup career for the ages At 40 years and 291 days old, he became the oldest player to provide an assist in World Cup history during Croatia’s match against Ghana on June 27. He was selected for the Croatian squad on May 18, 2026. He has captained Croatia since 2016 and led the team to consecutive World Cup runner-up finishes in 2018 and 2022.
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Modric has appeared in every major tournament Croatia qualified for since his debut in 2006. His contract with AC Milan is also expiring, though no official announcement has been made regarding his future in the sport.
The crypto play: CoinW and $MODRIC His role as CoinW’s global brand ambassador represents a strategic celebrity partnership. CoinW gets access to Modric’s global fanbase; Modric gets a foothold in the crypto industry.
The $MODRIC token was launched on Solana around October 2025 and reached a market cap of approximately $100K by early June 2026. By crypto standards, a $100K market cap is small — meme coins regularly surge into the hundreds of millions.
What this means for investors For CoinW specifically, the partnership could drive user acquisition in European markets. Modric’s ambassadorship combined with the $MODRIC token launch creates multiple touchpoints between his personal brand and the blockchain ecosystem.
The $MODRIC token carries risks tied to Modric’s public relevance. A retirement announcement could either spike interest temporarily or drain it permanently.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
