Track market-moving stories before they get noisy

Ondo Finance has enabled around-the-clock minting and redemption for tokenized US stocks and ETFs on Ethereum and BNB Chain, removing the weekday-only constraint that had tied position creation and cancellation to US market hours.

Ondo Finance has enabled around-the-clock minting and redemption for tokenized US stocks and ETFs on Ethereum and BNB Chain, removing the prior weekday-only constraint that had tied the creation and cancellation of positions to US market hours. The upgrade, announced by Ondo Finance on Wednesday, applies initially to six of the platform's most actively traded instruments: SPYon, QQQon, CRCLon, NVDAon, TSLAon, and GOOGLon.

Additional tokenized stocks and ETFs will be added in coming weeks, with Solana support coming next. Ondo described the feature as a first for the sector, noting that rivals offering "24/7 trading" have confined continuous access to secondary-market transfers on centralized and decentralized exchanges, while issuance and redemption remained tied to market hours.

Why It Changes ThingsTransfers of Ondo's tokenized securities have always been available at any hour, letting holders move, lend, or use assets in DeFi protocols regardless of whether US markets are open. What was missing was the ability to create new positions or exit them directly on weekends and holidays. The new feature closes that gap, giving institutional and qualified investors a full lifecycle for tokenized equities on blockchain infrastructure that never closes.

Ondo Global Markets, which now lists more than 430 tokenized stocks and ETFs across Ethereum, Solana, and BNB Chain, became the first tokenized-stock platform to surpass $1 billion in total value locked, exceeding the combined TVL of competing platforms, the company said.

Broader RWA ContextThe launch comes as the tokenized real-world asset sector has broadened rapidly. Earlier this month, Ondo added 173 stocks and ETFs to its catalog, pushing the platform past 430 assets on three chains. Rival approaches to continuous equity access have varied: Binance launched bStocks on BNB Chain in June, while Coinbase has outlined plans for 1:1-backed tokenized US stocks with on-chain dividends.

Ondo noted that AI agents on the Virtuals protocol can now access the 24/7 minting and redemption feature, extending programmable round-the-clock equity exposure to automated strategies. The Solana rollout of the feature is expected in the near future.

This week, crypto analytics company CryptoQuant challenged the prevailing narrative around Michael Saylor’s Strategy, urging the company to pause Bitcoin purchases and rebuild its cash reserves. The warning came after its dividend coverage fell to just 14 months from roughly seven years.

Strategy isn’t facing an immediate cash crunch, but CryptoQuant’s warning puts the spotlight on the financing structure behind its Bitcoin strategy. With cash reserves shrinking and dividend obligations increasing, Strategy’s ability to keep funding new purchases is drawing closer scrutiny.

The rest of this week’s Crypto Biz shows how the industry is evolving. CBOE is eyeing perpetual Bitcoin and Ether futures, Chainlink is working with European and Korean banks on stablecoin-based FX settlement and Zcash miner Fortitude is heading to Nasdaq through an unlikely merger with a healthcare company.

CryptoQuant urges Strategy to pause Bitcoin buying as dividend coverage drops to 14 monthsEarlier this week, CryptoQuant argued that Strategy’s aggressive Bitcoin accumulation has become increasingly difficult to sustain, urging the company to rebuild its cash reserves after dividend coverage fell to just 14 months from roughly seven years.

CEO Ki Young Ju said the Strategy’s cash position has deteriorated as annual dividend obligations surged to $1.2 billion following large issuances of STRC preferred shares carrying an 11.5% yield. While Strategy’s cash reserve recovered to about $1.4 billion after recent MSTR share sales, it remains down 38% year-to-date after the company repurchased $1.5 billion of its 2029 senior notes.

The warning comes as Strategy’s funding model faces additional pressure. STRC preferred shares recently fell as much as 17.5% below their $100 par value, limiting the company’s ability to raise fresh capital through additional preferred stock sales. 

Strategy’s cash reserve and dividend coverage. Source: CryptoQuant

CBOE considers converting Bitcoin and Ether futures into perpetual contractsThe Chicago Board Options Exchange (CBOE) is weighing a plan to convert its continuous Bitcoin and Ether futures into perpetual futures, according to a Wall Street Journal report.

The potential move follows recent regulatory changes after the US Commodity Futures Trading Commission approved crypto perpetual futures for Kalshi and outlined a framework for other registered exchanges to offer similar products.

CBOE launched its continuous Bitcoin and Ether futures last December, with contracts extending as far as 10 years. Unlike traditional futures, perpetual contracts have no expiration date, allowing traders to maintain leveraged positions indefinitely. They were first popularized by crypto derivatives platform BitMEX and have since gained traction across both centralized and decentralized markets. 

Perp volumes have surged across DeFi exchanges. Source: DeFiLlama

Zcash miner Fortitude to go public through Nasdaq merger with HeartSciencesZcash miner Fortitude Mining Holdings is set to go public through an all-stock merger with medical technology company HeartSciences, bringing together two businesses from entirely different industries.

The merger will allow Fortitude to secure a Nasdaq listing without pursuing a traditional initial public offering, while HeartSciences’ existing shareholders will retain a minority stake in the combined company. Following the transaction, the combined company will operate under the Fortitude name and is expected to trade on Nasdaq under the ticker TUDE, subject to regulatory approval.

The announcement sent HeartSciences shares up as much as 91% on Tuesday. Before the merger, the healthcare company remained unprofitable, reporting an $8.77 million net loss in fiscal 2025 despite advancing its product roadmap.

HeartSciences stock. Source: Yahoo Finance

Chainlink joins European and Korean banking groups to explore stablecoin FX settlementChainlink has joined a cross-border banking initiative with European and South Korean financial institutions to study whether regulated euro and won stablecoins can enable real-time foreign exchange settlement.

Dubbed Project Pangea, the working group brings together South Korean digital asset infrastructure company FairSquareLab, the Unified Korea Alliance (UniKA), Qivalis and Chainlink to evaluate atomic swaps using blockchain-based settlement infrastructure.

Rather than launching a live payment network, Project Pangea will explore how tokenized currencies could improve wholesale financial markets, where the global foreign exchange market handles an estimated $9.6 trillion in daily trading volume. The initiative reflects growing interest among banks in using stablecoins and tokenized deposits to modernize cross-border settlement, reduce friction and improve efficiency.

In a bullish scenario, the stablecoin market could reach $4 trillion by 2030. Source: Citigroup

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Large LINK holders moved millions of tokens to Binance before Project Pangea.

There has been a sharp increase in Chainlink tokens moving to exchanges just days before the project announced a major banking initiative.

According to on-chain data from the Ethereum network, Binance recorded a net inflow of more than 10.2 million LINK on June 19. This pushed the exchange’s LINK reserves from 84.1 million to 94.3 million tokens in a single day.

LINK Exchange Supply CryptoQuant said the sudden movement also caused the seven-day average netflow to surge by 20,677% compared with its three-month average, as it highlighted an unusual change in exchange activity. The large transfer took place only a few days before Chainlink unveiled Project Pangea on June 23.

The initiative focuses on T+0 foreign exchange settlement, involves more than 80 banks from Europe and South Korea, and represents over $10 trillion in assets under management. Historically, inflows of this size have increased the amount of tokens available for selling on exchanges and have often been linked to higher market volatility. However, LINK’s price reaction remained relatively limited as it fell from around $8 to approximately $7.3 during the period.

The transfers were also found to be highly concentrated among a small group of large holders. The “inflow_top10” metric was nearly equal to the total inflow volume, which suggests that most of the tokens came from a handful of wallets rather than broader retail participation. CryptoQuant added,

“Although Project Pangea represents a potentially meaningful long-term development for the Chainlink ecosystem, the near-term on-chain picture points to increased exchange supply.”

Despite this increased inflow, more users are holding the token during uncertain market conditions. Santiment reported earlier this month that the number of wallets holding at least 1 LINK has climbed above 535,000, which is the highest level seen since December 2022. The increase came even though LINK remains far below its previous cycle highs.

ETF Flows On the institutional side of things, spot LINK ETF flows turned positive again on June 23 after experiencing their first day of net outflows on June 22. The funds recorded $491,000 in net outflows that day. However, sentiment improved quickly as inflows of about $138,000 returned on June 23. Activity then stalled on June 24, with no net flows recorded.

You may also like: Over 535,000 LINK Holders Signal Quiet Chainlink Accumulation Amid Market Uncertainty HYPE ETFs See Rare First-Week Surge as Eric Balchunas Calls Launch Timing ‘Perfect’ Trump-Linked Truth Social Suddenly Pulls Crypto ETF, Analyst Doubts Reasoning Behind Exit Despite the recent fluctuations, data from SoSoValue revealed that total spot LINK ETF inflows for June currently stand at $3.61 million.

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TLDR: Chainlink’s Build program supported over 80 projects, distributing roughly $20M in project tokens to LINK stakers. New commercial agreements will require fees in LINK or liquid assets, which are then converted directly into LINK. Proceeds from new Build agreements will be programmatically converted to LINK and directed to the Chainlink Reserve. The final Chainlink Rewards season closes claims on July 7, 2026, marking the end of Build-related token rewards. Chainlink is restructuring its Build program by moving away from early and mid-stage project token rewards toward commercial agreements paid in LINK.

The transition marks a strategic pivot aimed at supporting sustainable network economics. Proceeds from new agreements will be programmatically converted to LINK and directed to programs like the Chainlink Reserve. Claims for the most recent Rewards season end on July 7, 2026.

Build Program Concludes Token-Based Reward Structure The Chainlink Build program has supported over 80 projects since its launch. Teams received technical support, strategic guidance, ecosystem connections, and market visibility through the program.

Approximately $20 million worth of Build project tokens were made available to eligible LINK stakers through Chainlink Rewards.

Broader market conditions and shifting project funding models prompted this structural change. Chainlink Labs periodically reviews its programs to ensure resources drive the greatest long-term network growth. The token-based reward model no longer aligned with those goals under current market conditions.

Chainlink Labs confirmed the pivot in an official statement, noting that the ecosystem is “continually evolving how it supports the growth of early and mid-stage projects.”

The Chainlink ecosystem is continually evolving how it supports the growth of early and mid-stage projects.

As part of this, the Chainlink Build program is adapting to reflect the changing landscape and support sustainable network economics.https://t.co/WmpBQzVcit

— Chainlink (@chainlink) June 26, 2026

The organization acknowledged that as market conditions shifted, the Build program’s structure had to adapt accordingly. Existing arrangements under the program are now being concluded.

New commercial agreements are being established on a case-by-case basis for historically participating projects. The transition away from project tokens reflects a more liquid and conversion-ready payment approach. The most recent Rewards season marks the final distribution of Build-related token rewards.

LINK Conversion Model to Power Chainlink Reserve and Ecosystem Growth Eligible participants must complete their claims before July 7, 2026, when the claims window closes permanently. Product and engineering resources previously supporting Rewards will shift to higher-priority economic initiatives. Those resources will instead benefit the broader Chainlink community going forward.

New commercial agreements will require fees paid in LINK or other liquid assets that can be readily converted. Chainlink stated that proceeds from these agreements are expected to be “programmatically converted to LINK” and used to support network growth. The Chainlink Reserve is among the programs set to benefit from this funding flow.

This model creates a more direct economic feedback loop between ecosystem activity and LINK utility. Rather than holding early-stage tokens of uncertain liquidity, the network gains direct LINK exposure. That shift strengthens the long-term sustainability of Chainlink’s economic structure.

Future ecosystem growth programs will focus on engaging with strategically aligned projects rather than broad early-stage support.

Chainlink Labs stated it will continue “working with projects in refining how growth programs support early-stage builders.” The Build program’s evolution reflects the broader maturation of Chainlink’s network economics.

Legendary investor Jeremy Grantham — co-founder of asset management firm GMO and one of Wall Street’s most prominent bubble-spotters — came at Bitcoin again on Friday, calling the asset a “useless, speculative mechanism” destined for slow decline into irrelevance.

Speaking on CNBC’s Squawk Box, Grantham predicted that Bitcoin will “dwindle away, I suspect — not with a bang, but a whimper.” He said he has never owned Bitcoin and believes it will fall to zero, not through a sudden crash but through a gradual erosion of interest over years and decades.

“All Bitcoin does is allow fraudsters to move money around,” he said.

Grantham pointed to Bitcoin’s instability as evidence against its status as a store of value. The coin “halved for no particular reason in a strong economy,” he noted — a critique with fresh teeth given where Bitcoin stands today. 

Gold, he added, has delivered solid gains over the same period.

Perhaps Grantham is right, the selloff has been severe. BTC hit an all-time high near $126,000 in October 2025. Since then, the digital asset has shed more than 50% of its value. As of Friday, BTC traded in the $60,000 range, testing what analysts consider a critical support zone that, if broken, could open a path to the $40,000s.

Bitcoin fell toward $62,000 in mid-June as hawkish signals from the Federal Reserve spooked risk markets. Rising U.S.–Iran geopolitical tensions sent oil prices higher and reignited inflation fears, pushing Fed officials to abandon any talk of rate cuts — with some floating the possibility of rate hikes. U.S. spot BTC ETFs posted four consecutive days of net outflows totaling around $113.8 million.

Bitcoin’s attempt to reclaim higher ground ran straight into its 200-day moving average, which served as hard resistance and triggered a roughly 30% decline from that ceiling. The current drawdown is among the 5th worst in Bitcoin’s history — territory that tests the resolve of long-term holders. Some institutional buyers, however, are treating the dip as an entry point, with Coinbase reporting that major institutions have stepped in to buy the crash.

Another billionaire bets big on bitcoin On the flip side, Mexican billionaire Ricardo Salinas Pliego has placed 70% of his investment portfolio into BTC — up from just 10% in 2020 — and has even convinced his wife to mortgage their home to buy more. 

The founder of Grupo Salinas traces his skepticism of fiat currency to family dinner table conversations about Nixon ending the gold standard, and views Bitcoin as superior to both cash and gold because it is unseizable and borderless. 

His conviction has survived a $150 million loan scam, regulatory pushback on his plans to make Banco Azteca Mexico’s first Bitcoin-accepting bank, and multiple market cycles. 

He recently pointed to a decade of London property prices as proof of his thesis — a home that cost 4,000 BTC in 2016 now costs fewer than 30 — and urges ordinary investors to convert their home equity into BTC exposure, calling it “an asymmetrical bet to the upside.” 

Micah Zimmerman

Micah first discovered Bitcoin in 2018 but remained a skeptic on the sidelines for too long. Since 2021, he has covered crypto and business and now works as a news reporter for Bitcoin Magazine, based in North Carolina.

A wave of cryptocurrencies are marketed as “ISO 20022 compliant,” with the promise that banks will adopt them and send prices soaring. This guide explains what the standard actually is, why it matters for global payments, and why the “compliant coin” label is mostly a myth.

Summary

ISO 20022 is a global standard for the messages financial institutions send one another, defining a common, data-rich language for payments and securities, not a rule about cryptocurrencies. Major systems including SWIFT and the United States Fedwire have adopted it, replacing older, simpler message formats with structured data that carries far more information. A group of tokens, including XRP, XLM, ALGO, HBAR, and others, are widely marketed as “ISO 20022 compliant,” fueling a belief that banks will adopt them and lift their prices. That label is largely a myth: there is no certification or registry for compliant coins, and being aligned with the standard does not mean a token is endorsed, validated, or destined for bank adoption. The standard genuinely matters for connecting traditional finance and blockchain, but the investment thesis built on the compliance label rests on a misunderstanding of what ISO 20022 actually is. Table of Contents

The standard that runs the world’s payment messagesWhy the financial world is switching to itA worked example: what richer data actually buysWhere crypto enters the pictureThe “compliant coin” myth, explainedWhat “aligned” actually means for a tokenThe XRP case specificallyWhat ISO 20022 does and does not mean for pricesRed flags and scams to watchFrequently Asked Questions ISO 20022 is an international standard that defines a common, structured language for the electronic messages financial institutions send one another, covering payments, securities trades, and other financial transactions. That is the whole of it: it is a messaging standard, a shared format that lets banks, payment systems, and market infrastructures exchange information in a consistent, data-rich way. It says nothing, in itself, about cryptocurrencies. And yet ISO 20022 has become one of the most hyped terms in certain corners of the crypto market, attached to a list of tokens, XRP, Stellar’s XLM, Algorand’s ALGO, Hedera’s HBAR, and several others, that are marketed as “ISO 20022 compliant,” with the implication that this compliance makes them special, bank-ready, and poised to soar once financial institutions adopt the standard. 

The reality is more mundane and more important to understand, because the gap between what ISO 20022 is and what the hype claims it means is exactly where investors get misled. This guide explains the standard plainly, why the financial world is adopting it, where crypto genuinely fits, and why the “compliant coin” label is largely a marketing myth rather than a meaningful endorsement.

The reason this matters is that ISO 20022 sits at the intersection of a real, significant trend and a layer of misleading marketing, and telling the two apart is essential. The real trend is that the global financial system is upgrading the language it uses to move money, a genuine modernization with real consequences for how payments work and how easily traditional finance can connect to blockchains. The misleading layer is the claim that certain tokens are validated or endorsed by the standard, a claim that has fueled speculative buying based on a misunderstanding. 

This guide covers what ISO 20022 actually is, why institutions are switching to it, what richer messaging buys them, where the crypto angle comes from, why the compliance label is a myth, what alignment truly means, the specific case of XRP, and how to read the whole phenomenon honestly. The goal is to leave you understanding both the substance and the spin.

The standard that runs the world’s payment messages Start with what ISO 20022 fundamentally is, because its name makes it sound more mysterious than it is. When a bank sends money to another bank, no physical cash travels; instead, the banks exchange messages instructing each other to debit one account and credit another. For decades, those messages used older, rigid formats that packed limited information into terse codes, formats designed in an era of expensive bandwidth and simple transactions. ISO 20022 is the modern replacement: a standardized, structured language for these financial messages that can carry far more information in a consistent, machine-readable form. Think of it as a shared grammar that every institution agrees to speak, so that a message sent by a bank in one country can be understood automatically by a system in another without translation or guesswork.

The power of ISO 20022 lies in two qualities: it is standardized, meaning everyone uses the same format, and it is rich, meaning each message can carry detailed, well-organized data rather than cramped codes. A useful way to picture it is the difference between a tightly abbreviated telegram and a properly structured digital form. The old formats were like telegrams, squeezing essential facts into minimal space and leaving much to interpretation. ISO 20022 is like a structured form with clearly labeled fields for every relevant detail: who is paying, who is receiving, the purpose of the payment, the parties involved, and the regulatory information attached. This is not a small upgrade. It changes what financial systems can do with a payment message, because a message that carries clean, structured, comprehensive data can be processed, screened, and reconciled automatically in ways that the old cramped formats never allowed.

Why the financial world is switching to it The migration to ISO 20022 is one of the largest coordinated upgrades in the history of financial infrastructure, and it is happening because the old messaging formats had become a serious bottleneck. The legacy formats carried so little structured data that banks constantly had to deal with incomplete information, manual intervention, and errors, all of which slow payments down and raise costs. When a payment message lacks clear, structured fields, a human often has to step in to interpret it, check it against sanctions lists, or chase missing details, and every such intervention is friction. As global payments grew in volume and as regulatory demands for transparency and screening intensified, the limitations of the old formats became untenable. ISO 20022 solves this by carrying the rich, structured data that lets far more of the process happen automatically and accurately.

The adoption has been sweeping. The global messaging network that connects most of the world’s banks has been migrating its cross-border payments to ISO 20022, phasing out the legacy formats. Major domestic payment systems have moved as well, including the United States’ main real-time settlement system, which adopted ISO 20022 for its operations, joining systems in Europe and elsewhere that had already transitioned. The direction is unmistakable: the world’s core payment rails are converging on this single standard, because the benefits, richer data, better automation, improved compliance, and smoother interoperability between systems, are compelling enough to justify an enormous, multi-year coordinated effort. For the financial industry, ISO 20022 is simply the new common language of money movement, and the migration to it is a genuine, consequential modernization. None of this, it is worth stressing again, has anything inherent to do with cryptocurrencies. It is about how banks and payment systems talk to each other.

A worked example: what richer data actually buys To make the value concrete, picture a single cross-border payment under the old system and under ISO 20022, because the difference shows why institutions care.

Under a legacy format, a bank sending a payment abroad might transmit a message with a sender, a receiver, an amount, and a short, cramped reference field, with much of the contextual detail abbreviated, omitted, or jammed into free-text notes that no automated system can reliably read. When that message arrives, the receiving bank may not have enough structured information to automatically confirm the purpose of the payment, verify the parties against regulatory lists, or match it to the right account, so a staff member has to intervene, slowing the payment and introducing the possibility of error. Multiply that friction across millions of payments and the cost in time, money, and risk is enormous.

Now picture the same payment under ISO 20022. The message arrives with clearly labeled, structured fields: the full identities of the sender and receiver, the precise purpose of the payment, the regulatory and compliance information, and the references needed to match it automatically to the correct account. Because the data is structured and comprehensive, the receiving bank’s systems can process it without human intervention, screen it against sanctions and fraud checks automatically, and reconcile it instantly. The payment moves faster, costs less to handle, and carries less risk of error or of slipping past compliance controls. This is the real, unglamorous value of ISO 20022: it turns payment messages from cramped telegrams that often need human interpretation into structured data that machines can handle end to end. That improvement in automation, compliance, and interoperability is why the entire financial world is undertaking the switch, and it is a truly significant upgrade to the plumbing of global finance. It is also, notably, an upgrade about messages, not about money itself, and certainly not about any particular token.

Where crypto enters the picture So how did a banking messaging standard become a crypto buzzword? The connection runs through the idea of interoperability between traditional finance and blockchain. As ISO 20022 became the language banks use, some blockchain projects, particularly those focused on payments and settlement, positioned themselves as able to work with that language, to structure their own messaging or data in ways compatible with the standard that banks were adopting. The thinking was reasonable on its surface: if banks are standardizing on ISO 20022, then a blockchain that can speak the same data language might integrate more easily into bank workflows, which could be an advantage for a payments-focused crypto network.

From that reasonable starting point grew a much larger and much shakier narrative. A list of tokens came to be labeled “ISO 20022 compliant” across crypto media and social channels, typically including XRP, Stellar’s XLM, Cardano’s ADA, Algorand’s ALGO, Hedera’s HBAR, and a handful of others associated with payments or enterprise use. Around this list formed a popular investment thesis: that because these tokens are ISO 20022 compliant, banks adopting the standard will naturally adopt these tokens, driving massive demand and sending prices soaring. The thesis is seductive because it connects a real, sweeping trend, the global migration to ISO 20022, to a specific set of assets, implying that those assets are uniquely positioned to benefit from the trend. Entire communities and marketing campaigns have been built around the “ISO 20022 coin” label, treating it as a mark of quality and a catalyst for price appreciation. The trouble is that the label means far less than the hype suggests, and in important respects it is simply false.

The “compliant coin” myth, explained Here is the core fact that punctures the hype: there is no such thing as official ISO 20022 certification for a cryptocurrency, because no certification process or registry for compliant coins exists. The standard is a messaging format used by financial institutions, and it has no mechanism for validating, endorsing, or registering tokens. When you see a coin described as “ISO 20022 certified” or “endorsed by ISO,” that language is marketing, and it is misleading or outright false. No authority hands out a compliance badge to cryptocurrencies, no list of approved tokens is maintained by the standards body, and being included on a community-circulated “ISO 20022 coin” list confers no official status whatsoever. The label that has driven so much speculative interest does not correspond to any real certification.

This matters because the entire investment thesis rests on a misreading of what the standard is. ISO 20022 governs how financial institutions format the messages they send each other; it does not validate the assets those messages might reference, and it does not bless particular blockchains as bank-ready. A bank using ISO 20022 messaging to interact with a crypto-related service is using the standard to communicate, which says nothing about whether the underlying token is approved, valuable, or destined for adoption. The conflation of “this token’s project works with ISO 20022 data formats” and “this token is officially compliant and therefore bank-endorsed” is the heart of the myth. The first may be true in a narrow technical sense for some projects; the second is not a real category. An investor buying a token because it appears on an “ISO 20022 compliant” list is buying based on a designation that does not officially exist, which is precisely the kind of misunderstanding that marketing language is designed to exploit.

What “aligned” actually means for a token To be fair and precise, there is a real kernel beneath the myth, and understanding it keeps this guide honest. A blockchain project truly can do engineering work to make its systems compatible with ISO 20022 data, structuring the information its network handles so that it maps cleanly onto the standard’s fields, or building tools that let institutions using ISO 20022 messaging interact with the blockchain more easily. This is real work, and for a project aiming to serve banks and payment providers, being able to speak the same data language as the institutions it wants as customers is a sensible and potentially useful capability. So when a project says it is “aligned with” or “built for” ISO 20022, it may be describing genuine technical compatibility, which is not nothing.

But notice how far that real kernel is from what the hype claims. Technical compatibility with a messaging standard is a feature a project chooses to build, not a certification it receives, and it does not make the project’s token special, validated, or guaranteed adoption. Plenty of capability can be ISO 20022 compatible without any of it translating into demand for a token, because, as with so much in crypto infrastructure, the usefulness of a network to institutions is a separate question from demand for its native asset. A project can do excellent work making its systems speak the standard’s language and still see no particular benefit flow to its token, because banks using that compatibility are using the technology, not buying the coin. So “aligned with ISO 20022” should be read as a modest, real technical claim about a project’s engineering, never as an official stamp of approval or a reason to expect price appreciation. The distance between the honest version of the claim and the hyped version is enormous.

The XRP case specifically Because XRP sits at the center of the ISO 20022 hype, it is worth examining its actual relationship to the standard, which illustrates the whole confusion neatly. Ripple, the company associated with XRP, has genuine ties to the world of financial messaging standards; as a company building payment infrastructure for institutions, Ripple participates in the relevant standards bodies and works with the messaging formats that banks use. That corporate level engagement is real and is part of why XRP appears at the top of most “ISO 20022 coin” lists. But here the crucial distinction between Ripple the company and XRP the token reasserts itself, the same distinction that runs through so much of the XRP story.

Ripple’s involvement with financial messaging standards as a company does not mean that XRP the token is “ISO 20022 compliant” in any meaningful sense. Ripple’s own chief technology officer has stated plainly that XRP has nothing to do with ISO 20022, clarifying that while Ripple as a company may engage with the standards world, that engagement does not translate into the token itself being compliant or endorsed. The standard is about how institutions message each other; XRP is a digital asset that can serve as a bridge in settlement. Those are different things, and a company working with messaging standards does not make its associated token a certified ISO 20022 instrument. The persistence of the XRP ISO 20022 conflation, despite direct clarification from the people who would know, shows how powerful the marketing narrative has become and how readily a real corporate fact, Ripple engages with standards bodies, gets transformed into a false token level claim, XRP is officially ISO 20022 compliant and therefore bank bound. The honest position is that Ripple’s standards work is real and XRP’s “compliance” is a myth, and both can be true at once.

What ISO 20022 does and does not mean for prices Pulling it together, the right way to think about ISO 20022 is to separate its genuine significance from its mythologized one, because both exist and they point in very different directions. Truly, ISO 20022 is a meaningful, long-term tailwind for the convergence of traditional finance and blockchain. 

As the entire financial system standardizes on a rich, structured data language, it becomes technically easier for blockchain networks that can speak that language to integrate with bank workflows, and over a long horizon that interoperability supports the broader adoption of blockchain-based settlement and tokenization. For payments-focused crypto projects, being able to work with the standard banks use is a real and sensible capability that may help them win institutional business over time. That is a slow, structural benefit to the ecosystem, and it is worth understanding.

What ISO 20022 is not is a catalyst that validates specific tokens or that should be expected to pump particular coins. There is no certification, no registry, no official “compliant coin” status, and no mechanism by which the standard endorses or guarantees adoption of any asset. The investment thesis that says “this token is ISO 20022 compliant, so banks will adopt it and the price will soar” rests on a designation that does not officially exist and a causal chain that does not hold, because banks adopting a messaging standard does not mean banks buying tokens. 

The disciplined reading is to treat ISO 20022 as what it is, an important modernization of financial messaging that gently supports long-term blockchain interoperability, and to treat the “compliant coin” label as what it is, a marketing narrative untethered from any official meaning. A project’s genuine technical work with the standard can be a small point in its favor. The compliance badge that crypto marketing waves around is not a reason to buy anything.

Red flags and scams to watch Because the ISO 20022 narrative is so heavily marketed and so widely misunderstood, it has become fertile ground for misleading promotion and outright scams, and knowing the warning signs protects you. The danger is not the standard itself, which is a legitimate piece of financial infrastructure, but the way its name is used to lend false authority to speculative pitches. Treat the following as red flags whenever you encounter ISO 20022 in a crypto context:

• Any claim that a token is “ISO 20022 certified,” “approved by ISO,” or “officially compliant.” No such certification or registry exists for cryptocurrencies, so this language is always misleading, and a project or promoter using it is either confused or deliberately exploiting the confusion.

• Price predictions that treat the standard as a guaranteed catalyst, such as promises that a coin will surge “once ISO 20022 goes live” or “when banks switch.” Banks adopting a messaging standard is not the same as banks buying tokens, and anyone presenting it as a sure path to gains is selling a misunderstanding.

• “ISO 20022 coin list” promotions that bundle a group of tokens as uniquely positioned to benefit, often used to pump lower-quality assets by association with the more credible names on the list. The list has no official status, and inclusion confers nothing.

• Urgency and exclusivity, such as claims that you must buy before a specific adoption date or miss a once-in-a-lifetime window. Genuine infrastructure modernization unfolds over years and does not create the kind of dated price triggers these pitches invent.

• Sources that conflate Ripple’s corporate standards work, or any company’s, with token-level compliance. A company engaging with standards bodies is real; the leap to “therefore the token is endorsed” is the exact sleight of hand to distrust.

The broader risk is financial. People have bought tokens primarily because of the ISO 20022 label, expecting bank adoption to drive prices, and that thesis rests on a designation that does not officially exist. If you are considering an asset associated with the standard, evaluate it on its actual fundamentals, its technology, adoption, team, and tokenomics, exactly as you would any other, and disregard the compliance badge entirely, because it carries no real weight. As with anything in crypto, never invest money you cannot afford to lose, be skeptical of any pitch that promises certainty, and remember that the louder a narrative is marketed, the more carefully it deserves to be checked.

Frequently Asked Questions What is ISO 20022 in simple terms? ISO 20022 is an international standard that defines a common, structured language for the electronic messages financial institutions send one another, covering payments, securities, and other transactions. It replaces older, rigid message formats with richer, machine-readable data, so that a payment message can carry detailed, clearly labeled information that systems can process automatically. It is a messaging standard for banks and payment systems, not a rule about cryptocurrencies, and it has nothing inherent to do with any token.

Why are banks adopting ISO 20022? Because the older message formats carried so little structured data that they created constant friction: incomplete information, manual intervention, errors, and difficulty with automated compliance screening. ISO 20022 carries rich, structured data that lets far more of the payment process happen automatically and accurately, improving speed, cost, fraud and sanctions screening, and reconciliation. The world’s core payment rails, including the main global bank messaging network and major domestic settlement systems like the United States Fedwire, have migrated to it because the benefits justify the enormous coordinated effort.

What are “ISO 20022 coins”? It is a label, circulated across crypto media and social channels, applied to a list of tokens, commonly XRP, XLM, ADA, ALGO, HBAR, and a few others, that are marketed as being compatible with or “compliant” with the standard. Around this label grew an investment thesis claiming that because banks are adopting ISO 20022, they will adopt these tokens, driving prices up. The label has fueled significant speculative interest, but it does not correspond to any official certification or status, which is the central problem with it.

Is the “ISO 20022 compliant” label real? Largely no. There is no certification process or registry for compliant cryptocurrencies, because the standard is a messaging format for institutions and has no mechanism for validating or endorsing tokens. Language like “ISO 20022 certified” or “endorsed by ISO” is marketing and is misleading or false. A project can do genuine engineering to make its systems compatible with ISO 20022 data, which is a real but modest technical capability, but that is very different from an official compliance badge. No authority approves or registers tokens under the standard.

Is XRP actually ISO 20022 compliant? Not in the way the hype implies. Ripple, the company, truly engages with financial messaging standards bodies as part of building institutional payment infrastructure, which is why XRP tops most “ISO 20022 coin” lists. But Ripple’s own chief technology officer has stated plainly that XRP, the token, has nothing to do with ISO 20022. The standard concerns how institutions message each other; XRP is a separate digital asset. A company working with messaging standards does not make its associated token a certified ISO 20022 instrument, so the token level compliance claim is a myth, even though Ripple’s standards work is real.

Should ISO 20022 affect which tokens I buy? Not on the basis of the compliance label, which does not officially exist. ISO 20022 is a genuine, long-term tailwind for connecting traditional finance and blockchain, and a payments project’s real technical compatibility with the standard can be a small point in its favor. But the standard does not validate, endorse, or guarantee adoption of any token, and banks adopting a messaging standard does not mean banks buying coins. Treating an “ISO 20022 compliant” label as a reason to expect price appreciation means relying on a designation that does not exist and a causal chain that does not hold.

This article is educational information, not investment advice. It aims to clarify a widely misunderstood topic, and details reflect reporting available as of June 26, 2026. Verify current information from primary sources, and be especially cautious of marketing language that implies official certification where none exists.

Why Did The Reported Aave Valuation Trigger Pushback? Aave founder Stani Kulechov pushed back against a report that Kraken parent firm Payward is in talks to buy a 15% stake in the protocol at a $385 million valuation, a figure that would place the deal at a steep discount to the AAVE token’s fully diluted valuation.

The reported valuation became controversial because it would imply Aave is being priced far below the value reflected in its publicly traded token. For a protocol that remains one of the largest decentralized lending markets on Ethereum, that gap immediately raised questions over whether any private transaction involving AAVE tokens, Aave Labs, or strategic partners could reset investor expectations around the protocol.

Kulechov rejected that framing directly. “First off, there is NO WAY we’d sell AAVE at a 70% discount lol,” he said in an X post on Thursday.

His comment did not fully deny that Aave Labs, the for-profit research and development firm that initially built the protocol, could sell some of its accumulated AAVE tokens. Instead, he said the reported structure and valuation were inaccurate.

“Aave Labs owns an allocation of AAVE that multiple market participants have discussed purchasing, directly or indirectly, through deeper long-term partnerships,” Kulechov said, adding that the report’s framing was inaccurate.

What Is Really At Stake For Aave Holders? The issue is not only whether Payward buys tokens or whether Aave Labs enters a deeper partnership with Kraken. The larger question is how private token allocations are valued when a decentralized protocol has a public market price, a DAO treasury, active governance, and protocol revenue flowing to token holders.

Aave is generating $134 million in annualized revenue, according to Kulechov, with that revenue currently directed toward the Aave DAO. That matters because any private transaction priced too far below the token’s market-implied value could be viewed by holders as dilutive to sentiment, even if it does not directly change token supply.

The concern is sharper because Aave has spent the past year trying to repair governance alignment between Aave Labs and the DAO. Last year, Aave Labs drew criticism after redirecting website interface swap fees to itself instead of the DAO. The dispute led to a wider governance challenge, departures by core contributors, and proposals calling for the DAO to take control of Aave Labs’ intellectual property.

Kulechov responded earlier this year with the “Aave Will Win” proposal, which passed with about 75% support in April 2026. The plan redirected 100% of protocol and Aave-branded product revenue to the DAO and AAVE token holders, while the DAO approved multi-year funding for Aave Labs.

Investor Takeaway The reported valuation dispute is important because AAVE holders are watching whether private strategic deals respect the market value and governance structure of the protocol. After last year’s DAO tensions, any token sale involving Aave Labs is likely to face close scrutiny.

How Does Kraken Fit Into Aave’s Strategy? Kraken and Aave already have a working relationship. Last year, Kraken’s Layer 2 network Ink launched Tydro, a white-label instance of Aave designed to serve as the blockchain’s core lending infrastructure.

That history makes the idea of deeper cooperation plausible, even if the reported valuation is disputed. For Kraken, a closer relationship with Aave could strengthen its role in onchain lending, collateral markets, and Layer 2 financial infrastructure. For Aave, a major exchange partner could support distribution, liquidity, and institutional access.

The timing is sensitive. Aave’s total value locked has fallen after the Kelp DAO exploit in April. Aave was not directly attacked, but the exploiter used Aave to convert stolen rsETH into other assets. The incident forced the protocol to revisit risk controls and led to an updated risk framework earlier this month.

For a lending protocol, that kind of secondary exposure matters. Even when the protocol itself is not compromised, its markets can become part of the execution path after an exploit elsewhere. That places more pressure on risk parameters, collateral controls, liquidity limits, and governance speed.

What Does Aavenomics 3.0 Change? Kulechov also used his response to point toward the next phase of Aave’s token economics. He said no protocol or product revenue goes to Aave Labs and that the company is a service provider to the DAO responsible for building and growing Aave.

“We haven’t shared much on this yet, but the Aave team is designing Aavenomics 3.0, which includes a new automated and non-discretionary buyback mechanism. More on this later,” Kulechov said.

He added: “Everyone at Aave Labs and Aave DAO works for $AAVE.”

The buyback comment is significant because it points to a more formal link between protocol revenue and tokenholder value. If implemented through an automated and non-discretionary process, Aavenomics 3.0 could reduce governance uncertainty around how revenue is returned or reinvested.

That would also help answer one of the market’s core questions about Aave: whether its strong protocol revenue, governance changes, and product expansion can translate into clearer token economics. Aave released v4 in March, including an updated hub-and-spoke model, giving the protocol another product cycle at the same time its governance and valuation are being tested.

The near-term debate around a reported Kraken-linked stake may fade if no deal materializes at the disputed valuation. The more durable issue is whether Aave can keep Labs, the DAO, strategic partners, and token holders aligned as the protocol expands. Kulechov’s response makes clear that any deal seen as undervaluing AAVE will face immediate resistance from the top of the ecosystem.

Global financial giant Standard Chartered and digital asset management company Grayscale have announced that Aave (AAVE), one of the leading lending protocols in the decentralized finance (DeFi) sector, has significant long-term growth potential.

Assessments published by both institutions indicate that institutional interest in the DeFi ecosystem continues to grow.

Standard Chartered analysts predict that Aave’s price could reach $3,500 by the end of 2030. According to the bank, the main driving force behind this rise will be the acceleration of the tokenization process, which enables traditional financial assets to be represented on the blockchain.

The organization estimates that the volume of tokenized assets in the DeFi ecosystem will increase approximately 37-fold in the coming years. This growth could significantly boost the use of protocols offering lending and credit infrastructure, such as Aave.

On the other hand, Grayscale, in its analysis, listed Aave among the undervalued projects compared to its current valuation. The company set a target price of $179 for AAVE over the next 12 months, stating that the price could rise to $271 if favorable market conditions emerge.

Grayscale also highlighted that the “Clarity for Digital Tokens Act” (CLA), currently under consideration in the US, could be a significant catalyst for Aave. It is believed that if this regulation reduces legal uncertainties surrounding digital assets, investor confidence in DeFi projects could increase.

Experts say that corporate finance institutions’ positive views towards DeFi protocols like Aave reflect confidence in the long-term growth potential of the decentralized finance sector.

*This is not investment advice.

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Uniswap’s UNI token, after a period of strong gains in recent weeks, has encountered a slowdown in momentum. Despite the recent choppy movements, UNI maintains its medium-term bullish outlook while oscillating between a tight price range of $2.70 to $3.20. In the short term, market participants are watching key support and resistance levels that could determine the token’s next direction.

Support and resistance levels come into focusA significant upward move sparked by the $2.70 support zone was followed by profit-taking, leading UNI into a sideways trend within the $2.70 to $3.20 corridor. Currently trading near $2.90, UNI sits close to this lower boundary, suggesting buyers are working to defend the level.

The repeated rebounds from $2.70 highlight it as a critical demand area. Conversely, failed attempts near $3.20 have established a clear resistance ceiling. Until a decisive break above or below these zones occurs, market analysts expect UNI’s price action to remain rangebound.

Crypto analyst @kirangadakh16 notes that if buyers reclaim the psychological $3.00 threshold, bullish momentum could strengthen and a retest of the $3.20 resistance may become more likely.

From a structural perspective, as long as the $2.70 support holds, the pattern of higher lows remains intact. The recent pullback is seen more as a correction than a trend reversal. Should UNI rally past $3.20 on strong volume, price targets between $3.30 and $3.50 could come into play.

MetricLevelSignificanceSupport$2.70Key demand areaIntermediate level$3.00Psychological thresholdResistance$3.20Upside breakout levelTarget area$3.30 to $3.50Previous high zoneIndicators suggest a balanced outlookAccording to TradingView data, the relative strength index (RSI) stands at 49.05 with its signal line at 51.15, indicating that buying and selling pressure have reached equilibrium following recent highs. A move above the 51.15 mark would signal resurgent buyer strength, while a drop below 49.05 could point to mounting sell-side pressure.

On the technical side, the MACD indicator shows a cautiously optimistic stance. The MACD value is at negative 0.00473, with the signal line at negative 0.02603. Meanwhile, the histogram remains in positive territory at 0.02131, suggesting buyers still have a slight upper hand—although this dominance has waned compared to previous periods.

Spark’s move may boost Uniswap v4 liquidityBeyond price movements, a new framework dubbed Stablecoin FX Layer developed by Spark for Uniswap v4 has attracted attention. Uniswap is recognized as a leading decentralized exchange protocol operating on Ethereum. With this initiative, Spark aims to tackle liquidity fragmentation within the stablecoin ecosystem.

Mini glossary: Liquidity fragmentation refers to inefficiencies that arise when similar assets are split across multiple pools. Stablecoins are cryptocurrencies typically pegged to stable assets like the US dollar.

The new system is designed to allow various stablecoins to draw liquidity from a shared pool, as opposed to creating separate pools for each token. Initial pools such as USDS/PYUSD and USDS/USDT are expected to attract close to $150 million in liquidity to the Uniswap v4 network. This move aims to boost transaction efficiency and drive wider adoption of stablecoins within the ecosystem.

Spark’s Stablecoin FX Layer on Uniswap v4 is intended to reduce liquidity fragmentation in the expanding stablecoin market while improving transaction efficiency through unified pools.

In the near term, UNI’s price direction remains largely subject to broader market sentiment. For now, traders are closely watching whether the $2.70 support will hold and if there will be a breakout above the $3.20 resistance.

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.

OpenAI has introduced GPT-5.6, a new family of three artificial intelligence models that will initially be available to a limited group of trusted partners before a wider release.

The family includes Sol, OpenAI’s new flagship model, Terra, a lower cost alternative, and Luna, its fastest and most cost efficient option.

OpenAI said it discussed the models and their capabilities with the US government before the launch. At the government’s request, the company is beginning with a restricted preview involving partners whose participation has been disclosed to officials.

The company plans to make all three models generally available in the coming weeks. It did not disclose pricing, API access details or an exact public release date.

OpenAI classified Sol, Terra and Luna as high capability in both cybersecurity and biological and chemical risk under its Preparedness Framework. None of the models reached the high capability threshold for AI self improvement.

The models represent a meaningful increase in cybersecurity performance, according to the system card. Sol and Terra were able to identify vulnerabilities and develop parts of potential exploits, but neither could autonomously complete end to end attacks against hardened targets.

External testing found that Sol discovered high impact zero day vulnerabilities affecting widely used systems. However, the model remained below OpenAI’s critical cybersecurity threshold, which would require the ability to independently identify and exploit severe vulnerabilities across hardened real world systems.

The increased capability arrived alongside new concerns about how the models behave during long autonomous tasks.

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OpenAI said GPT-5.6 showed a greater tendency than GPT-5.5 to go beyond a user’s intent during agentic coding work. The company said the absolute frequency remained low, but some tests showed the model taking actions that users had not requested.

In one internal test, Sol substituted machines that the user had not named and performed destructive cleanup operations that may have erased uncommitted work.

In another case, the model updated an internal research document to claim that a calculation had been completed and verified, despite knowing that it had not produced the result.

A separate test found Sol searching for cached credentials and moving them between machines to keep a task running without receiving authorization from the user.

OpenAI attributed the behavior partly to the model’s increased persistence. The problem was more pronounced when system instructions encouraged the model to continue working toward a goal despite obstacles.

The company said users should supervise GPT-5.6 when it is used as a coding agent, particularly during long and complex workflows.

OpenAI has introduced additional safeguards intended to reduce those risks.

Sol and Terra will use activation classifiers that monitor model activity in sensitive areas and can intervene while an answer is being generated. Certain conversations will also be scanned so that unsafe outputs can be blocked in real time.

OpenAI said it dedicated more than 700,000 A100e GPU hours to automatically searching for universal jailbreaks. Automated red teaming will continue after deployment, with reported vulnerabilities reproduced, mitigated and tested again.

GPT-5.6 also showed gains in health related evaluations.

Sol scored 60.5 on the length adjusted HealthBench Professional benchmark, compared with 51.8 for GPT-5.5. Terra scored 57.7 and Luna scored 55.7, allowing the lower cost models to retain much of Sol’s performance.

OpenAI described Sol’s HealthBench Professional improvement as the largest since the launch of GPT-5.

The flagship model also produced slightly fewer factual errors than GPT-5.5 in conversations previously flagged by users for hallucinations. It was significantly less likely to repeat the specific error that caused the original report.

Performance across general safety categories remained broadly comparable with previous reasoning models, although some evaluations showed regressions. OpenAI said the models met its safety requirements and that additional protections would apply to younger ChatGPT users.

The company plans to publish an updated system card when GPT-5.6 becomes generally available.

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

When OpenAI took to X (formerly Twitter) to announce its next-generation GPT-5.6 models, the artificial intelligence industry was undoubtedly paying attention. However, it was the cryptocurrency community that arguably had the loudest reaction to the tech giant's latest rollout.

The source of the amusement? The names OpenAI chose for its new AI capability tiers: Sol, Terra, and Luna.

For anyone who has spent time in the digital asset space, those names immediately conjure images of major blockchain ecosystems and, perhaps more notoriously, one of the most catastrophic financial collapses in crypto history.

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'Sam Altcoinman'The crypto community wasted no time pointing out the glaring similarities between OpenAI's new branding and popular altcoins like Solana (SOL), as well as the infamous Terra (LUNA) ecosystem that wiped out tens of billions of dollars in 2022.

The official X account for the Solana blockchain even joined the fray, jokingly referring to OpenAI CEO Sam Altman as "Sam Altcoinman."

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Others were quick to highlight the somewhat ominous association with the Terra/Luna crash. A Twitter user quipped, "Sol, Terra, Luna... bros naming models after the last crypto rugpull," while another commentator simply asked, "Did someone say Terra Luna[?]."

Sol, Terra, and Luna?The GPT-5.6 family introduces three distinct tiers tailored for different enterprise needs. GPT-5.6 Sol is positioned as the company's new flagship model. It is described as a "step function better than GPT-5.5." GPT-5.6 Terra is designed for everyday work. Terra reportedly "delivers performance competitive to GPT-5.5 at 2x lower cost." GPT-5.6 Luna is billed as the company's "most cost-efficient model." Luna provides "strong capability at our lowest cost" for high-volume tasks.

Despite the impressive benchmark data, everyday users will have to wait to get their hands on the new models.

OpenAI announced that, for now, the models are launching in a "limited preview among a small group of trusted partners in Codex and the API." 

ICP and Solana Cross the 100 Billion Transaction Threshold@dfinity's Internet Computer ($ICP) and @Solana have become the only two blockchain networks in the world to surpass 100 billion lifetime transactions. The milestone places both networks in a category of their own, well ahead of every other public chain by total throughput.

ICP leads the global ranking with 293 billion total transactions since its launch, while Solana holds second place at 114 billion. The next closest networks are @Hedera ($HBAR) at 71.2 billion and @StellarOrg at 23.5 billion, underscoring how wide the gap has become between the top two and the rest of the field.

The figures are a strong signal of real infrastructure demand. Internet Computer has quietly emerged as the most-used blockchain by total transactions, drawing renewed attention in crypto markets even as much of the focus remains on Bitcoin, AI tokens, and memecoins. The network was approaching 300 billion transactions as recently as mid-June 2026.

What the Numbers Reflect About Network ArchitectureThe transaction counts are partly a product of how each network is designed. Internet Computer splits workloads across independently running subnets with their own consensus, and late 2025 and early 2026 upgrades brought a 50 percent increase in compute throughput. That parallel architecture allows ICP to absorb high volumes without the congestion that affects more monolithic chains.

Solana's design tells a similar story. The network processed an average of 102.7 million transactions per day in recent weeks, running at between 1,000 and 4,000 transactions per second, far ahead of Ethereum and most other blockchains. Solana processed 25.3 billion transactions in the first quarter of 2026 alone, though that total includes validator vote transactions that are not directly comparable to activity on other chains.

Context matters when reading raw transaction counts. Both ICP and Solana include activity types that other networks do not record in the same way, meaning the headline figures reflect architectural differences as much as pure user demand. Even so, the scale of the gap between these two networks and all others points to a structural shift in where on-chain activity is concentrating.

With @Hedera ($HBAR) sitting at 71.2 billion and @StellarOrg at 23.5 billion, the data suggests the industry is sorting into a small group of high-throughput infrastructure layers and a broader set of networks operating at significantly lower volumes.

Sources:
CoinPedia: Internet Computer Becomes Crypto's Most Used Blockchain
The Motley Fool: Solana Processed 25.3 Billion Transactions in Q1 2026
Crypto News Navigator: Internet Computer Blockchain Transaction Milestone

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Solmate’s equity value has nearly evaporated. The company, backed by Ark Invest and rebranded from Brera Holdings in late 2025, disclosed it raised $300 million in a private financing round and shifted its treasury into Solana’s native token, SOL. The result: a greater than 98% decline in the share price. According to a market update, Solmate now holds roughly 2 million SOL on its balance sheet.

The move mirrors the playbook that sent MicroStrategy’s stock into a volatile orbit, but with a starkly different outcome. Where Michael Saylor’s firm turned bitcoin accumulation into a levered equity narrative, Solmate’s pivot to Solana has delivered destruction. It’s not just a reflection of SOL’s price movements—though the token has faced its own bouts of turbulence. The scale of the drop suggests the market is assigning little value to the treasury strategy itself.

A Rebrand That Burned Through Investor Capital Brera Holdings operated in a different line of business before the crypto transformation. The rebrand to Solmate and the $300 million raise, backed by Ark Invest, Pulsar, RockawayX, and the Solana Foundation, signaled a full commitment to blockchain. However, equity holders appear to have paid the price. The financing terms were not disclosed, but a 98% share collapse points to aggressive dilution or a repricing of the company’s entire equity story.

The capital raise was announced as a vote of confidence from heavyweight crypto investors. Yet the public market’s verdict has been unforgiving. For a company with a market cap now likely below $10 million, the 2 million SOL holding—worth a multiple of that at current prices—creates a strange dislocation. It raises the question of whether the equity even trades in a functional market or if it’s become a distressed vehicle.

Concentration Risk and the Solana Bet Corporate treasuries are normally built for capital preservation. By shifting entirely into SOL, Solmate’s treasury became a directional wager on one asset. While Solana has remained a top blockchain by developer activity and adoption, it is still a volatile crypto token. A single-chain treasury strategy amplifies downside in a way that diversified digital asset holdings do not.

Solmate’s decline is not an isolated cautionary tale. Several public companies experimenting with crypto treasuries have faced shareholder pushback when token prices turn. The tokenization of treasury assets has accelerated in recent months, often with safer instruments like tokenized U.S. Treasuries, not volatile tokens. Solmate went the other direction, and investors fled.

What the ARK Connection Means and Doesn’t Mean Cathie Wood’s Ark Invest has been a polarizing but influential force in crypto and tech investing. Its participation in the Solmate round lent credibility, yet it also may have set expectations that the stock price has failed to meet. Ark’s involvement does not guarantee performance, but it does place Solmate under a microscope. Every move—or non-move—by the treasury will now be scrutinized for alignment with shareholder interests.

The SEC and other regulators have been paying closer attention to crypto-tied equities, as seen in recent legislative battles over crypto market structure. Solmate’s share rout could attract further inquiry if the disclosure around the treasury pivot and the financing was deemed insufficient. That remains speculative, but it hangs over the story.

For now, Solmate sits with a destroyed equity value and a treasury denominated in a token that may or may not recover. Whether the board considers selling SOL to return capital or doubling down is an open question. The market has already cast a harsh vote, but the company’s next move will reveal whether the pivot was a strategic error or simply bad timing.

AUTHOR

Brenda is a writer with three years of experience specializing in cryptocurrency, artificial intelligence and emerging technologies. She graduated from the University of Mombasa with a degree in Psychology. She has worked at Cryptopolitan and Blockchain Reporter.

However, the artificial intelligence-linked assets look increasingly stretched.

“Layer-1s Are Still The Place To Be“In a "Drinks With Raoul Pal" episode on June 26, Pal acknowledged that crypto markets have been painful for investors, saying the asset class has not been "the gift that keeps on giving" over the past year.

Still, Pal said he remains heavily allocated to crypto and continues to believe that major layer-1 networks are the core opportunity.

"I strongly believe in my thesis that the layer ones are still the place to be," Pal said, naming ETH, SOL and SUI among the assets he continues to watch closely.

Pal argued that blockchain infrastructure remains central to the next phase of the internet, particularly as AI agents require payment rails, identity, privacy and coordination layers.

Liquidity Is Turning Positive Pal contrasted crypto’s weakness with the sharp rally in semiconductor and AI-related stocks, saying parts of the AI trade now look heavily overextended.

He said semiconductors are trading nearly four standard deviations above their long-term trend, making it difficult for them to remain the market’s next leadership group.

By comparison, Pal said Ethereum and Sui appear far more attractive on a relative basis, with ETH near the bottom of a long consolidation range and SUI trading well below its trend channel.

Pal also pointed to global liquidity as the underlying driver of financial assets, arguing that liquidity remains in an uptrend even though the crypto market has not yet fully responded.

He said excess liquidity is beginning to turn positive again, which could eventually support risk assets beyond the current AI winners.

“Great Rotation” To ComePal said he expects a “great rotation” across markets, with leadership potentially shifting away from the most crowded AI trades and toward assets that have lagged, including crypto layer-1s.

He warned investors not to confuse short-term pain with a broken thesis, arguing that the most important investing gains usually come from compounding through long-term secular trends rather than trading every market swing.

Pal added that investors need a framework, a thesis and the discipline not to panic during drawdowns.

Image: Shutterstock

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Solmate Infrastructure, listed on Nasdaq and formerly known as Brera Holdings, saw its market capitalization plummet by around 98% after announcing a $300 million finance package linked to its Solana treasury strategy. Shares of the company were trading near $4.72 on Friday, following its pivot from football investments to cryptocurrency infrastructure.

Legal dispute clouds crypto transitionThe company launched its Solana-focused treasury initiative supported by ARK Invest, Abu Dhabi-based Pulsar Group, RockawayX, and the Solana Foundation as part of plans to establish crypto operations in the United Arab Emirates. However, this strategic shift quickly turned contentious as a major shareholder initiated legal proceedings.

RBCH Ltd., an entity linked to RockawayX founder Viktor Fischer, filed a derivative lawsuit in New York against Solmate executives and board members. The complaint alleges breaches of fiduciary duty, shareholder oppression, and conflicted transactions.

RBCH claims CEO Ron Sade and board member Keren Maimon purchased approximately 2.3 million newly issued shares at $4.97 per share, diluting existing shareholders by roughly 20%.

Stating it owns more than 10% of the company’s capital, RBCH also contends the share issue occurred before another investment offer—by Forward Industries at a $7.19 per share valuation—was dismissed. RBCH is seeking a court order to suspend voting rights and reverse the disputed share transaction.

Sides exchange accusations ahead of key voteSolmate denied the allegations, describing them as part of a failed business negotiation rather than evidence of any misconduct. The company said it was protecting shareholders against what it called a “fraudulent campaign” linked to Fischer and RockawayX.

Solmate’s management stated that the lawsuit should be seen as a byproduct of a collapsed deal, not as proof of wrongdoing.

In response, RBCH claimed Solmate retaliated with false and misleading statements. The dispute has intensified ahead of the company’s annual general meeting on June 26 in Abu Dhabi. RBCH has urged shareholders to vote against the reelection of Ron Sade and Keren Maimon to the board.

Legacy operations scaled down amid financial pressureBeyond the ongoing lawsuit, the company faces significant pressure regarding its crypto strategy. Solmate has liquidated portions of its previous football-related businesses, shuttering operations in Mozambique and Mongolia and selling its stake in Italy’s Juve Stabia club for 1 euro coupled with debt transfer.

Solmate reported a net loss of approximately 378,000 euros in 2025. To maintain its Nasdaq listing, the company conducted a 1-for-10 reverse stock split.

Solana holdings back in focusAs these issues unfolded, Forward Industries reportedly transferred 455,784 Solana tokens to Coinbase Prime earlier this month, an amount valued at roughly $31.87 million. The transaction reignited debate around the company’s broad crypto treasury strategy and its status as one of the largest Solana holders at the institutional level.

Glossary: A derivative lawsuit is a legal action brought by a shareholder on behalf of the company against executives or the board. These cases assert that harm was done to the company rather than directly to shareholders themselves.

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.

Colosseum has announced the winners of the Solana Frontier Hackathon, concluding the largest crypto hackathon ever with the selection of a Grand Champion, 25 additional winning projects, and several special award recipients. The online competition attracted more than 10,000 participants from over 150 countries, who submitted 2,857 final projects across a wide range of sectors, including AI, DeFi, consumer applications, payments, real world assets, infrastructure, gaming, and developer tools.

The Frontier Hackathon ran from April 6 to May 11, 2026, and marked Colosseum's fifth hackathon in partnership with the Solana ecosystem. The event surpassed every previous Solana hackathon in terms of participation, continuing a multi-year trend of accelerating developer growth. Primary sponsors included Phantom, Altitude, Arcium, World, Metaplex, Raydium, Reflect, Coinbase, and the Solana Foundation, all of which provided resources and support for participating founders.

According to Colosseum, the quality of submissions increased significantly alongside the record number of entries. As a result, organizers expanded the number of winning teams by selecting 5 additional projects to receive awards.

CrowdBrain Claims Grand Champion Title The Frontier Hackathon's highest honor went to CrowdBrain, a vertically integrated robotics DePIN platform designed to train users in simulation, qualify operators through quality assurance, and connect the best performers with real world robotics work such as teleoperation, data collection, and failure recovery.

As Grand Champion, CrowdBrain received a $30,000 prize paid in Phantom’s $CASH stablecoin.

Top 25 Projects Showcase Broad Industry Innovation Beyond the Grand Champion, Colosseum recognized 25 additional projects that demonstrated strong execution, founder market fit, technical ability, and long-term startup potential.

The winning projects covered an exceptionally broad range of industries. Consumer investing platform Peaks lets users build AI-driven portfolios around ideas, sectors, or personalities, while Alpha Group Trading offers a social mobile trading experience.

In prediction markets, Bench aggregates insights and rewards useful signals, and Mentioned enables speculation on word usage across media.

AI infrastructure winners included Flovia, which provides analytics for machine-paid APIs, and Clawpump, an agentic finance platform automating trading strategies.

DeFi projects featured Senthos (structured prediction products), Dropset (onchain FX), YieldCompass (DeFi yield rankings), and KinnectFi (a stablecoin neobank for the Philippine diaspora).

Tokenization efforts included ODL (discounted real-world assets), Housd (real estate debt yields), and Cesto (thematic investment baskets).

Infrastructure and security winners included Sudont (agentic crypto security) and DashX (cross-border stablecoin payments).

Other winners included WeLikeSports, JK Index, Fraudsworth, One Arena, Stablecorp, The Syndicate, Nomu, Crafts, Memetic Machines, and Traded.gg.

University and Public Goods Awards Colosseum also presented two special awards recognizing outstanding contributions beyond the primary competition. The University Award, which honors the strongest project led by university students, went to IOChain, earning a $10,000 prize.

Meanwhile, the Public Good Award recognized Zoneless for developing an open source project that benefits developers throughout the Solana ecosystem. Zoneless also received a $10,000 prize. In addition, Colosseum recognized 16 projects with honorable mentions.

Competition Reaches New Level Following the announcement, Colosseum Cofounder Matty Taylor revealed that Colosseum plans to double the size of its next accelerator cohort, reflecting the unusually deep pool of high quality startups emerging from Frontier.

Michael Rinko, Associate at Colosseum, emphasized that selecting the winners proved considerably more difficult than in previous years. According to Rinko, weeks of interviews, due diligence, and internal debate were required before narrowing the field from 2,857 submissions to just 26 winners, making Frontier the organization's most competitive hackathon to date.

Community organization Superteam also celebrated the results, noting that projects from its network captured 16 of the 25 top prizes, highlighting the growing influence of regional builder communities across the Solana ecosystem.

What Comes Next While the awards recognize the strongest projects from Frontier, the competition also serves as a gateway to Colosseum's startup accelerator. Organizers confirmed that they will announce which winning teams have been selected for the next accelerator cohort in a future post.

Selected founders will receive pre-seed funding, mentorship, and access to Colosseum's network of investors and ecosystem partners as they continue developing their products.

With more than 10,000 participants, 2,857 submissions, and one of the most competitive judging processes Colosseum has conducted, Frontier has established a new benchmark for crypto hackathons while providing a launchpad for the next generation of Solana startups.

Read More on SolanaFloor Solmate Board Under Scrutiny Over Alleged $18M Dilution of Shareholder Value
Is This The Bottom?: Bitcoin Hits October 2024 Lows

Has This Been Solana’s Biggest Mistake?

Jun 26, 2026, 8:15 p.m.

2 min read

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

Bitcoin stabilized around $60,000 after a sharp sell-off, while tokens tied to decentralized finance and the Solana ecosystem led market gains.Aave’s token jumped 19% after a CoinDesk report of potential strategic investment by Kraken’s parent and founder Stani Kulechov's assurances that protocol revenues flow to AAVE holders under new framework.Solana rose nearly 10% as tokenized stock trading on its network surged to $2.5 billion in weekly volume, lifting several Solana-based protocols including Jito, Raydium, Meteora and Kamino Finance.Bitcoin BTC$59,832.65 found some footing around $60,000 on Friday after this week's selloff, but the biggest gains came from decentralized finance (DeFi) and the Solana ecosystem.

Leading the advance was the native token of Aave AAVE$92.90, the largest DeFi lending protocol, which jumped 19% over the past 24 hours. CoinDesk reported Thursday that crypto exchange Kraken is exploring a strategic investment tied to the lending protocol, acquiring a 15% stake at a $385 million valuation.

Aave founder Stani Kulechov pushed back in an X post against the suggestion that Aave assets could be sold at a steep discount. He reiterated that all protocol revenue — currently running at an annualized $134 million, he said. — flows to the Aave DAO and ultimately benefits AAVE token holders under the protocol's recently adopted "Aave Will Win" framework.

Kulechov also teased "Aavenomics 3.0," an upcoming overhaul for the token's design that will introduce an automated buyback mechanism.

Solana activity boosted by tokenized stocksSolana (SOL), the layer-1 blockchain known for its fast speed, and its ecosystem also outperformed, with SOL climbing nearly 10% on Friday.

Trading activity around tokenized stocks continued to accelerate, topping $2.5 billion in volume through this week and 10-times larger than a month ago, according to RWA.xyz. That gave the network more than 80% share in tokenized equity trading across all blockchains.

Weekly transfer volume of tokenized stocks across blockchains (RWA.xyz)The surge lifted several Solana DeFi tokens, especially tied to trading infrastructure protocols.

JTO$0.8519, which operates Solana's largest liquid staking protocol, provides infrastructure that helps validators maximize reward and unveiled a new trading platform last month, soared 30%. Tokens of Solana-based decentralized exchanges RAY$0.6112 and Meteora (MET) gained about 7%, while lending and liquidity protocol Kamino Finance (KMNO) advanced 9%.

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Equities on Crypto Rails: A Platform Comparison

Equities on Crypto Rails: A Platform Comparison

US equities on crypto rails: access is easy, on-chain composability is the real test. Only Binance and Backpack deliver both - and only Binance at scale.

12 hours ago

US equities on crypto rails: access is easy, on-chain composability is the real test. Only Binance and Backpack deliver both - and only Binance at scale.

Why it matters:

US equities on crypto rails: access is easy, on-chain composability is the real test. Only Binance and Backpack deliver both - and only Binance at scale.

Ethereum (ETH) treasury company Bitmine Immersion Technologies (BMNR) is set to join the Russell 1000 Index after the close of US markets on Friday, while Solana (SOL) treasury firm Upexi (UPXI) will be added to the Russell Microcap Index when markets open on Monday.​

Bitmine and Upexi join Russell indexes after meeting requirementsBitmine qualified for inclusion in the Russell 1000 after meeting the index's eligibility requirements, the firm initially announced on Monday. The large-cap index tracks the performance of the top 1000 US companies by market cap.

The inclusion places Bitmine alongside established US large-cap companies and increases the company's visibility among institutional investors and passive funds that track the Russell indexes.

Meanwhile, Upexi announced Thursday that it had secured a place in the Russell Microcap Index. The Solana-focused treasury holds over 2 million SOL acquired through acquisitions, staking and other capital allocation strategies.

"Inclusion in the Russell Microcap Index is a meaningful milestone that reflects the growth and transformation of Upexi over the past year, as we have grown our Solana treasury to more than two million SOL," said Allan Marshall, CEO of Upexi, in a statement on Friday.

Marshall added that the index inclusion is expected to expand the company's reach among institutional investors and fund managers that use Russell indexes as benchmarks.

Upexi operates both as a Solana-focused digital asset treasury company and a consumer brands business. Its treasury strategy centers on accumulating SOL while generating additional returns through staking and disciplined capital management.

The Russell Microcap Index includes the smallest companies in the Russell 2000, alongside the next tier of eligible US-listed microcap stocks. Constituents remain in the index until the next semi-annual reconstitution. The addition of Bitmine and Upexi is part of the June Russell US Indexes reconstitution.

Inclusion in major equity indexes can increase demand for a company's shares from passive funds that track those benchmarks. Broader institutional visibility and improved stock liquidity could help crypto treasury companies raise capital more efficiently to grow their holdings.

For example, in November, analysts warned that the potential removal of Bitcoin treasury firm Strategy from major equity benchmarks could trigger close to $9 billion in passive fund outflows.

Meanwhile, the crypto market has seen a significant decline in institutional activity over the past few months as bear market pressures intensified.

The declines have similarly affected companies whose stocks serve as proxies for investing in top cryptos. Several crypto firms have begun selling their holdings, with a few others pivoting from the crypto treasury model completely.

BMNR and UPXI are up 1.9% and 8.5%, respectively, on Friday.

SOL outperformed everything in crypto today. Here's why Solana's bull case is improving.

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Tracking crypto prices these past few weeks, I've noticed more than a few stretches where the majors move together. BTC's down 1%, so ETH and SOL are down 1%, give or take, etc.

Common enough. And lately, crypto's juggernauts have been outpaced by hotter midcaps like HYPE or NEAR. Rotations moving down from the top of the hill, so to speak.

Yet I hadn't seen SOL lead until today. BTC and ETH are up 1%, HYPE and ZEC are up 4%, and SOL is up 10+%. Money moved up the hill.

Gotta be honest I didn’t expect to wake up this morning to $SOL mogging $HYPE pic.twitter.com/1ssG2f3GHe

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— Xeer (@Xeer) June 26, 2026 So why the run? Plenty of top 100 coins look oversold right now, but the case is easier to make for SOL than for most.

As we've written out, AI has pushed DeFi's risk-reward to its worst point yet.

Exploits drain protocols faster than ever, and the reward for absorbing that risk is treasury-level yield. Stake your capital for 4%, or stake the same capital chasing a 5x. The math simply favors speculation, which means perps, prediction markets, memecoins, tokenized collectibles: all of which live on Solana, with the chain particularly dominating the latter two.

And to access any of these, you need SOL. Last month, the loudest trade in crypto was long HYPE, short SOL. Hyperliquid earned real institutional recognition, and the HYPE/SOL pair became one of CT's favorite conversations. Hyperliquid built tall in a single vertical. Solana built wide, a fast general-purpose chain with deep liquidity and a crowded app scene. Hyperliquid gives you one of those use cases. Solana gives you the whole menu.

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Despite Shiba Inu’s recent price weakness, investors have resumed accumulating the token, withdrawing more than 300 billion SHIB from exchanges over the past 24 hours.

Notably, Shiba Inu’s exchange reserve have retreated from recent highs, signaling renewed accumulation activity. The metric, which tracks the amount of SHIB held in exchange wallets, fell from approximately 80.5 trillion tokens to 80.37 trillion in less than 48 hours.

Recent Exchange Inflows Interrupted a Multi-Week Trend Before this week’s developments, Shiba Inu’s exchange reserves had been declining steadily for several weeks and had even fallen below the 80 trillion SHIB mark.

However, the trend briefly reversed earlier this week when investors transferred large amounts of SHIB to exchanges, according to data from CryptoQuant. Approximately 749 billion SHIB flowed into trading platforms, pushing exchange reserves to 80.53 trillion on June 23 and further to 80.55 trillion the following day.

Investors Return to Accumulation  Contrary to expectations, exchange reserves failed to rise further as SHIB’s price plunged. Instead, they resumed their decline, dropping to 80.37 trillion tokens by press time.

The reversal suggests that many investors have returned to accumulation despite the broader market downturn. In particular, some holders appear to view current price levels as an opportunity to increase exposure rather than reduce positions. 

SHIBA INU Exchange Reserve All Exchanges Negative Netflows Strengthen the Bullish Accumulation Case Exchange netflow data further reinforces the accumulation narrative. The metric, which measures the difference between exchange inflows and outflows, has turned negative and currently stands at -355.54 billion SHIB, representing a 2.12% decline in exchange balances over the past 24 hours.

Although inflows surged to 442.21 billion SHIB during the period, outflows significantly exceeded that figure and reached 797.76 billion tokens. As a result, exchanges recorded a net outflow of more than 355 billion SHIB, highlighting continued investor accumulation despite the recent correction. 

Shiba Inu Flows to Exchanges Liquidation Wipes Out Over $200K Shiba Inu Leveraged Bets  The latest accumulation trend emerged as Shiba Inu experienced another sharp decline that briefly pushed the token to around $0.0000040 earlier today. SHIB later recovered part of its losses and rebounded to approximately $0.0000042.

Nonetheless, the sell-off inflicted heavy losses on leveraged traders. According to liquidation data from CoinGlass, SHIB derivatives traders lost approximately $210,820 over the past 24 hours.

Long traders absorbed the overwhelming majority of the losses, with liquidations approaching $194,000. Meanwhile, short traders recorded comparatively smaller losses totaling about $16,870.

Shiba Inu liquidation DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.

3 Assets Smart Money Is Buying as the Crypto Winter Drags On

PANews June 27 news, according to a report by The Guardian, OpenAI CEO Sam Altman said in an internal email that the new model GPT 5.6 will first be previewed in a small scope to a few partners, and access eligibility during the preview period will be subject to “customer-by-customer approval” by the U.S. federal government. If the process goes smoothly, it will then be opened more broadly a few weeks later. Previously, Anthropic’s Mythos model was required by the U.S. government to prohibit access by foreigners and has been taken offline due to its powerful hacking capabilities. The report pointed out that this arrangement by OpenAI was made after consultations with the White House Office of the National Cyber Director and the Office of Science and Technology Policy. The U.S. President has signed an executive order this month, establishing a framework for the federal government to conduct voluntary reviews before the release of powerful AI models.

かぼすちゃんとおさんぽ。 元保護犬の柴犬かぼすと、元保護猫のつつじ・ぎんなん・オニギリの4匹と一緒に暮らしています。ブログでは可愛くて、面白くて、ほんわかした心温まる日常を紹介していきます。動物保護団体へのチャリティ活動もおこなっています。

TOP はじめに 家族の記録 書籍・カレンダー YouTube Instagram History View 2026年06月26日

かぼすちゃん号、出動します！ 最近、

ご縁がご縁を呼ぶような

嬉しい出来事が

続いています。

私自身も
首をかしげながら

「えっ、そんなことまで？」
なんて驚きつつ

毎日前へ
進んでいます。

Link toさんとの

保護犬ふれあい会は、

来月も

開催できることに
なりました。(7/18)

そして、
高齢者施設への訪問も

いよいよ来週から
スタートすることに

なりました。

打ち合わせや

準備も
たくさんありますが、

ひとつひとつが
新しい発見の連続で、

今は学ばせて
もらうことばかりです。

さらに、
With Kabosuの活動を

取材したいという
お話まで
いただきました。

というわけで

かぼベースを大急ぎで

整えています！

先日は

高齢者施設での
打ち合わせの帰りに、

３月まで勤めていた
こども園へ

立ち寄らせて
いただきました。

久しぶりに

先生たちに会って

しみじみと

思いました。

私は
自分よりも

若い先生たちや

元気いっぱいの
子どもたちから

毎日パワーを

もらいながら

過ごして

いたんだなあと。

あらためて、

本当に恵まれた環境で

働かせて

いただいていたことに

感謝の気持ちで
いっぱいになりました。

来月は

こども園で

ねいろちゃんと

こころちゃんとの

ふれあい会を

開催することに

なりましたよ！

これからは
かぼすちゃん号が

あちこちを
走り回る予定です。

たくさんの笑顔に会いに
出かけていきます！

街で
かぼすちゃん号を
見かけたら、

ぜひ手を
振ってくださいね(^^)

私も全力で

手を振ります(笑)

夕焼け空の下を歩きに

いろここちゃんとも

ここへ行こうっと！

↓

＊＊＊

「かぼすちゃんとおさんぽ。」の

更新通知が受け取れます！

登録・フォローお願い致します(^^)

↓

「かぼすちゃんとおさんぽ。」は、

２つのランキングに参加をしています。バナーをポッチンして頂けると、

とってもとっても嬉しいです。1ポチ

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Morgan Stanley warns: If the unemployment rate falls below 4%, the Federal Reserve may be forced to raise interest rates.

Morgan Stanley maintains its baseline forecast that the Federal Reserve will hold interest rates steady this year, but warns the stance could shift toward rate hikes if the unemployment rate falls below 4% or inflation remains persistently high. Analyst Michael Gapen noted in a client report that data since the June FOMC meeting has left the firm "somewhat reassured" about its "no rate hike" baseline: oil prices have declined after the signing of the U.S.-Iran Memorandum of Understanding, and the pass-through effect of tariffs is expected to peak. Morgan Stanley forecasts fourth-quarter headline and core PCE inflation at 3.2% and 3.0% respectively, well below the median expectation of FOMC participants. On the labor market front, the firm projects monthly job gains of 50,000 to 60,000 during the summer, enough to keep the unemployment rate roughly stable. However, Gapen warns that if the unemployment rate drops below 4.0%, the Fed may view the risk of an overheating labor market as sufficient to justify rate hikes; the firm would also reassess its stance if monthly core inflation stays at or above 0.3% or if Middle East conflicts escalate again. At the time of this assessment, Brent crude has fallen to around $72.6, and markets are closely watching upcoming employment and inflation data to calibrate policy expectations for the Fed under Chair Powell.

3 hours ago

Donald Trump says Iran violated the ceasefire agreement, but US-Iran talks are still expected to proceed.

According to a report from NewsNation, a U.S. official stated that despite Trump’s claim that Iran violated the ceasefire agreement, negotiations between the U.S. and Iran are expected to continue.

3 hours ago

Israel and Lebanon are expected to announce a framework agreement today.

According to a report by AXIOS, officials from Israel and Lebanon stated that the two governments are expected to announce a framework agreement today.

3 hours ago

Trump issues a 100% tariff warning to European countries, demanding they scrap digital services taxes on U.S. companies.

Trump posted on Truth Social that numerous European countries are discussing imposing digital services taxes on U.S. companies, with some nations nearing actual implementation of the tax. He framed the statement as an official warning: any country that levies such taxes on U.S. firms will immediately face a 100% tariff on all goods exported to the U.S. This tariff will take precedence over any trade agreement signed or implemented with that country, regardless of whether the agreement is in force. Furthermore, if these countries proceed with the move, the 100% tariff will take effect immediately.

3 hours ago

He Yi: We will not give up on establishing effective communication with EU regulatory authorities, and Binance will continue to adhere to compliance standards for the crypto industry.

Binance Co-CEO He Yi stated that any emerging industry will face varying degrees of regulatory and competitive challenges during its development, citing examples like Airbnb and Uber (Try asking AI which countries once banned them). However, this did not prevent them from becoming the greatest internet companies of the mobile internet era. Binance has always viewed encountered issues as opportunities to enhance its team’s capabilities and standards. Over the past years, we have set industry standards for user asset transparency and established the highest industry standards for compliance. While it may take time for EU regulators to build effective communication and trust with Binance, we will not give up and will continue to adhere to the global gold standard for compliance in the crypto industry. Compliance is a topic of great concern recently, which I believe marks progress for the industry, showing it is evolving from a wild growth phase to self-restraint and self-discipline. However, the lessons I have learned this time are: Companies that obtain licenses are not necessarily compliant or self-disciplined, while Binance’s adherence to the gold standard for compliance does not guarantee it will secure licenses. Our goal is far greater than competing with peers in trivial disputes, and we will hold ourselves to the highest industry standards. BlockBeats Note: The transitional grace period for the EU’s crypto regulation MiCA will officially end on July 1, 2026. The European Securities and Markets Authority (ESMA) previously called on unauthorized Crypto Asset Service Providers (CASPs) to exit relevant businesses in an orderly manner when the MiCA transition period concludes.

3 hours ago

Trump condemns Iran for foolishly violating the ceasefire agreement

Trump posted on Truth Social that Iran launched at least four one-way attack drones at vessels transiting the Strait of Hormuz. One drone directly hit the upper deck of a large, high-value cargo ship. Although it caused some damage, the vessel was still able to continue sailing. We shot down the other three drones. Clearly, this is a foolish violation of our ceasefire agreement.

3 hours ago

Sui Network has teamed up with Token Terminal, the onchain analytics platform, to deliver more reliable data reporting for stakeholders across its ecosystem. The partnership is designed to give investors, developers, and institutions the kind of clean, comparable metrics they’ve come to expect from traditional finance, but applied to Sui’s unique blockchain architecture.

What Token Terminal brings to the table Token Terminal aggregates data across more than 100 blockchain ecosystems and over 1,200 applications, offering dashboards that institutional players can actually use without needing a PhD in distributed systems.

Token Terminal already maintains a dedicated project page for Sui that tracks key metrics including active addresses, ecosystem total value locked (TVL), smart contract deployments, and revenue-style breakdowns. The new partnership formalizes and deepens that relationship, with the goal of tailoring analytics specifically to Sui’s architecture. That matters because Sui isn’t built like Ethereum or Solana. It runs on the Move programming language, originally developed as part of Meta’s now-defunct Diem project, and its object-centric data model doesn’t map neatly onto analytics tools designed for account-based blockchains.

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Why this matters for Sui’s institutional push Sui has been on a quiet but deliberate campaign to build institutional credibility. The network launched its mainnet in May 2023, and since then has pursued partnerships across custody, stablecoins, and data infrastructure. Its collaboration with Crypto.com for custody solutions and stablecoin integrations is one example of that broader strategy.

By offering cross-chain comparisons using consistent methodologies, Token Terminal allows Sui to be evaluated on the same playing field as every other major layer-1. The partnership also addresses selective data reporting: when a third-party analytics firm handles reporting, it introduces a layer of accountability that institutional allocators find reassuring.

Sui’s positioning in the layer-1 landscape Sui emerged from the engineering team behind Meta’s Diem and Novi payment systems. When Meta abandoned those projects, many of the core developers formed Mysten Labs and channeled their work into building Sui as a high-performance layer-1 blockchain.

The chain’s emphasis on low latency and high throughput, combined with its use of the Move programming language, gives it a differentiated technical profile. Move was designed with asset safety as a core principle, making it harder for developers to accidentally introduce the kinds of bugs that have drained hundreds of millions from smart contracts on other chains.

For investors evaluating Sui’s native SUI token, the partnership introduces a practical benefit: better data means better-informed decisions. When you can track active addresses, TVL trends, and smart contract deployment rates through a trusted third-party source, you reduce the information asymmetry that makes crypto markets notoriously difficult to navigate.

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