Decentralized finance (DeFi) protocol Spark has deployed approximately $150 million in stablecoin liquidity across two Uniswap v4 pools on Ethereum as part of a collaboration aimed at creating shared liquidity and exchange infrastructure for stablecoin issuers.
A Spark spokesperson told Cointelegraph that the initial deployment is live in two pools pairing USDS with PayPal USD (PYUSD) and USDT, with USDS serving as the foundation. Spark described the deployment as one of the largest automated market maker (AMM) liquidity migrations in DeFi.
“These pools represent the initial deployment of approximately $150 million of liquidity and establish the first phase of the Stablecoin FX Layer,” the spokesperson said. “This initial deployment focuses on bootstrapping shared liquidity on Uniswap v4.”
Earlier this month, Standard Chartered identified Uniswap as a potential beneficiary of tokenized assets moving into DeFi. It forecast that total assets held in DeFi could reach $2.7 trillion by 2030, with Uniswap potentially emerging as a liquidity venue for the growing market.
The deployment announced Thursday lays the groundwork for a planned programmable liquidity system that could reduce the need for banks, financial technology firms and stablecoin issuers to build separate liquidity networks while testing whether Uniswap can make onchain capital more efficient without weakening market depth.
Spark plans programmable liquidity expansionSpark said it plans to introduce its Shared Liquidity Layer and DualPool hook in subsequent phases using Uniswap v4's programmable architecture to coordinate how liquidity is distributed across stablecoin markets.
A liquidity hook enables protocols to seamlessly integrate with platforms for capital access and developing yield and trading strategies.
Spark said a hook is intended to allow capital not immediately needed for trades to be deployed into governance-approved products, liquidity venues and yield-generating strategies.
The implementation of the DualPool hook will go through a separate security review, testing and production-readiness process before deployment. The first phase uses standard Uniswap v4 pools rather than the planned programmable framework.
Spark said the planned framework is intended to give future stablecoin issuers access to shared liquidity rather than requiring them to individually bootstrap pools, coordinate market makers and manage inventory across different venues.
The spokesperson told Cointelegraph that Spark is working with additional partners across the stablecoin ecosystem but is not yet ready to disclose those integrations.
Uniswap seen as winner as tokenized assets move onchainIn a June 15 note to clients, StanChart's bank's head of digital assets research, Geoff Kendrick, said that tokenized treasures, equities, bonds and other assets could bring more trading activity and liquidity to decentralized exchanges as their DeFi use expands.
DeFi total value locked as of June 25. Source: DefiLlama
This new $150 million migration offers a more immediate test of StanChart's infrastructure thesis, though it involves stablecoins rather than tokenized securities.
The migration also follows Uniswap’s push into institutional tokenized-asset trading. On Feb. 12, BlackRock said it would bring its $2.1 billion tokenized Treasury fund, BUIDL, to Uniswap, allowing eligible institutional investors and market makers to trade the security through decentralized infrastructure.
Magazine: Japanese pension fund tips 1% in crypto, G7 urges action on NK hackers: Asia Express
Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.
Uniswap is working with Spark to build an FX system for stablecoins. (appshunter.io/Unsplash)Summary
Spark and Uniswap are building a shared liquidity infrastructure for stablecoins.The initiative starts with a $150 million liquidity migration supporting USDS, USDT and PYUSD.The effort comes as banks, fintechs and payment firms increasingly explore issuing stablecoins.Uniswap (UNI) and Spark are betting that as the number of stablecoins grow, the market will need the equivalent of a foreign-exchange network to move liquidity between issuers.
Spark, a decentralized-finance (DeFi) protocol focused on stablecoin liquidity, said Thursday it is working with decentralized exchange Uniswap to create what it calls an "FX layer" for stablecoins, a shared liquidity network designed to support a growing number of issuers.
The goal is to make it easier to move between stablecoins while allowing idle capital to earn yield until it's needed for trading, the companies said.
The move comes as stablecoins move beyond their crypto-native roots and increasingly become part of the cross-border payment network. That's been helped by lawmakers in the U.S. and elsewhere advancing regulatory frameworks encouraging fintechs, payment firms and banks to enter the market. The stablecoin market could grow from the current $300 billion to $4 trillion by 2030, global bank Citi projected.
Much as foreign-exchange markets connect fiat currencies, Spark is betting that stablecoins will eventually need a shared infrastructure to move efficiently between issuers. The company sees that liquidity layer — rather than the stablecoins themselves — as the next battleground in the sector's growth.
As a first step, Spark plans to migrate $150 million of liquidity to Uniswap v4, bringing together liquidity for Sky's USDS, Tether's USDT and PayPal's PYUSD. That list could grow as more companies want to issue their own stablecoins.
"The next generation of stablecoins won't be defined by who can issue another digital dollar," Spark CEO Sam MacPherson said in a statement. "It will be defined by the infrastructure that allows hundreds of issuers to operate together at global scale."
PANews June 25 news, according to The Block, Spark and Uniswap have partnered to launch the stablecoin "FX Layer" on Uniswap v4, aimed at providing institutions with low-slippage dollar stablecoin conversion infrastructure. The layer acts as a shared liquidity and settlement system, allowing stablecoin issuers such as banks, fintech and payment companies to connect to a unified pool without each having to build their own market-making and inventory management systems. Spark is responsible for liquidity allocation and governance coordination among different stablecoins, while Uniswap provides the programmable AMM architecture. As an initial measure, Spark will migrate $150 million in liquidity from its USDS ecosystem to Uniswap v4 to establish a "liquidity base" for pools supporting USDS, USDT and PYUSD. USDS is a dollar stablecoin issued by Sky (formerly MakerDAO) and is the third-largest stablecoin after USDT and USDC.
Binance will delist the IPUSDT and IPUSDC USDT-margined perpetual contracts due to the rebranding of the Story brand.
Per an official announcement, following the rebranding of the Story (IP) brand to Data Network, Binance will automatically liquidate IPUSDT and IPUSDC U-margined perpetual contracts at 17:00 CST (UTC+8) on June 28, 2026, and remove these perpetual contract trading pairs after liquidation concludes. Users are advised to close their positions voluntarily before trading is suspended to avoid automatic settlement of their positions. Starting from 16:30 CST (UTC+8) on June 28, 2026, users will no longer be able to submit new non-reduce-only orders for the aforementioned perpetual contracts. A separate announcement will be released when the new contract goes live.
1 hours ago
Sources: Israeli military withdrawal from Lebanon is an important "red line" for Iran.
Local time on June 25, a source close to the negotiation team said that Israel's withdrawal from Lebanese territory is one of the conditions for a final Iran-US agreement, and is regarded as an important "red line" by Iran's negotiation team. The source further stated that the final memorandum of understanding will guarantee Lebanon's sovereignty and territorial integrity. The agreement text previously reached in Switzerland already emphasized a "conflict resolution mechanism" that is participated in and uniformly implemented by Iran. Iran is currently following up on the specific implementation timeline. (CCTV)
1 hours ago
Apple's stock price fell by 6%, marking its largest decline since April 2025.
According to Bitget's market data, Apple's stock price fell by 6%, marking its largest decline since April 2025.
1 hours ago
Analyst: Bitcoin falls below $60,000, but institutions and whales are not continuing to bet on further declines.
Greeks.live macro researcher Adam posted on X: "Tomorrow is the quarterly expiry, and Bitcoin has dipped below $60,000. As seen in the GEX chart, $60,000 is clearly the highest open interest price point. Meanwhile, large positions are also starting to accumulate at $58,000 and $59,000, signaling rising market risk. Institutional investors and major holders have not continued to bet on a downward move; they are just waiting for the expiry."
1 hours ago
TD Cowen Analyst: SpaceX May Acquire T-Mobile
TD Cowen analysts said SpaceX could acquire T-Mobile to accelerate its wireless communication ambitions if a network sharing agreement cannot be reached. The report points to Starlink’s existing partnership with T-Mobile US as a strategic fit. This idea is purely speculative, but it underscores the growing competitive pressure the space exploration firm faces in the telecom industry.
Spark and Uniswap have launched a dedicated stablecoin swap pool on Ethereum called FX Layer, seeded with $150M in liquidity pulled from three major stablecoins: USDS, USDT, and PYUSD.
How FX Layer actually works FX Layer leverages Uniswap’s concentrated liquidity model, which lets liquidity providers focus their capital within narrow price ranges. For stablecoins that should always trade near $1.00, this is particularly powerful.
Instead of spreading liquidity across a wide price spectrum, concentrated liquidity allows providers to park their capital in a tight band, say between $0.99 and $1.01. The result is dramatically deeper liquidity exactly where it matters.
Advertisement
The $150M seed comes from three stablecoins with very different backers. USDS is the flagship stablecoin of the Sky ecosystem, formerly known as MakerDAO. USDT is Tether’s juggernaut that dominates global stablecoin volume. PYUSD is PayPal’s entry into the space, backed by one of the largest payment companies on earth.
Spark’s evolving liquidity strategy Spark, now operating as a lending and liquidity protocol within the Sky ecosystem, has been building toward this moment for a while. The protocol previously deployed its Spark Liquidity Layer to automate the routing of USDS across different lending markets and chains, maximizing yield while maintaining peg stability.
FX Layer represents a natural evolution of that approach. Rather than just lending out stablecoins, Spark is now directly facilitating stablecoin-to-stablecoin trading. The collaboration with Uniswap also builds on existing groundwork. USDS integrations into Uniswap pools date back to late 2024, when the Sky ecosystem began positioning its stablecoin alongside established competitors.
What this means for investors and traders The inclusion of PYUSD is particularly notable. PayPal’s stablecoin has been working to establish itself in DeFi, and landing in a $150M pool alongside USDT gives it a credibility boost.
For USDS, the benefits are arguably even larger. Sky’s stablecoin is competing against entrenched players like USDT and USDC, and deep trading liquidity is one of the most important factors in stablecoin adoption. FX Layer directly addresses that concern by ensuring USDS has robust swap infrastructure against its biggest competitors.
Liquidity providers considering the pool should weigh the yield potential carefully. Stablecoin pools typically generate lower fees per trade than volatile asset pairs, but they also carry far less impermanent loss risk, since the underlying assets are designed to stay pegged to the same value. The concentrated liquidity model amplifies both the fee income and the risk, making position management more important than in a standard pool.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
For years, Uniswap has been the default DEX for swapping tokens. But when the great memecoin launchpad wave hit, the action moved to Solana and Pump.fun, leaving Ethereum’s premier DEX on the sidelines. That’s now changing. According to the original report, Uniswap has released a no-code token auction tool inside its Web App. Projects can now configure and run onchain token sales directly from a browser, without a line of smart contract code.
A New Breed of Token Sale The tool relies on Uniswap’s Continuous Clearing Auction system. Instead of a single-block sale where bots race to front-run every bid, the auction clears across multiple blocks. All successful bidders pay the same final clearing price, stripping away the advantages enjoyed by high-speed sniper bots. For teams launching a token, that means less chaos and fewer angry community members who saw their allocations vanish before they could even click.
Uniswap already handles massive spot volume. Adding native auction infrastructure signals a clear intention: bring token genesis events back under its own roof rather than losing that flow to other chains and dedicated launchpads. Builders no longer need to stitch together a separate dutch auction contract or trust a third-party platform with their initial token distribution.
Challenging Pump.fun’s Dominance Pump.fun built a cultural and trading flywheel on Solana by making token creation trivial and gambling immediate. Daily volumes have dwarfed many established DeFi protocols. Uniswap’s move is a direct response to that success, but with a different market structure. Where Pump.fun embraces the frenzy of open market price discovery from block one, Uniswap opts for a more orderly auction where the clearing price is uniform for all participants. This targets projects and investors who want fairness over pure speed.
The token launch market has exploded, with platforms like Pump.fun generating billions in volume. The broader tokenization trend, as seen in the tokenization market, shows no sign of slowing. Auction mechanisms that reduce extraction by MEV bots could appeal to a more diverse set of issuers, from community memecoins to early-stage DAO governance tokens.
The Continuous Clearing Auction Advantage Last-block auction manipulation and priority gas auctions have plagued token sales for years. The Continuous Clearing Auction approach reduces the incentive to spam the mempool because bidding over several blocks gives honest participants more time to react. It also prevents a single wealthy actor from stealing the entire round at a discount because all bidders settle at the same price. The design echoes the type of fair price discovery seen in traditional financial markets, something DeFi has long promised but rarely delivered at scale.
No-code tools also lower the barrier to entry. A team can launch a token auction without hiring a Solidity developer, which has been a stumbling block for creators who only needed a simple fair sale. That simplicity might pull activity back to Ethereum and its layer-2 networks, where Uniswap’s liquidity already sits.
Liquidity Flows and DeFi’s Next Phase If the auction tool gains traction, it could redirect token launch liquidity from other chains into the Ethereum ecosystem. Uniswap, built on Ethereum, remains a major protocol in a network that consistently leads in developer activity, so enhancing its offering could attract more developers who want their token to have immediate access to deep AMM liquidity. That would shift the competitive landscape away from fragmented launchpad experiences toward a single, liquid hub.
What’s less clear is whether the tool can generate the same viral attention that Pump.fun enjoys. The latter’s interface and instant gratification mechanics are built for speculation, not careful price discovery. Uniswap’s more regulated approach may attract quality projects but could struggle to capture the memecoin gambling crowd that fuels enormous fee generation. One scenario sees a divergence where Uniswap becomes the venue for fair-launch community sales while Pump.fun keeps its casino-like stronghold. Another scenario sees Uniswap’s deeper liquidity pools siphoning serious volume from newer entrants.
For now, the tool is live and free to use, sitting inside the same interface that millions of DeFi users already trust. The real test begins when the first high-profile token auctions go live and the market judges whether fair price discovery actually translates into sustained user demand.
AUTHOR
Farhan Karim is a technology writer and content strategist with 15+ years of experience writing thousands of articles, blogs, whitepapers, and ebooks on Blockchain, Cryptocurrency, and other tech niches. His expertise in content strategy, SEO, and a keen eye on the ever-evolving tech space have led him to work with companies like Pepsi, Huawei, Arab News, and now Blockchain Reporter.
TLDR: Spark deploys $150M in shared stablecoin liquidity across Uniswap v4 USDS/USDT and USDS/PYUSD pools. Uniswap v4 hooks enable programmable liquidity that adapts to market conditions and inventory needs. Sky’s USDS serves as the quoting asset and liquidity foundation for the new FX Layer. The infrastructure allows stablecoin issuers to tap shared liquidity instead of building isolated pools. Spark has introduced the Stablecoin FX Layer, a shared liquidity infrastructure built on Uniswap v4. The launch brings approximately $150 million in liquidity across USDS/USDT and USDS/PYUSD pools.
As stablecoin issuance expands across banks, fintechs and payment networks, fragmented liquidity has become a core challenge.
This infrastructure aims to coordinate capital across issuers rather than leaving each to build isolated pools from scratch.
Programmable Liquidity Addresses a Fragmented Market The stablecoin market has grown considerably, with Chainalysis reporting more than $28 trillion in economic transaction volume processed during 2025.
PayPal, Ripple and major banking consortiums across Europe and Asia have all launched or are exploring stablecoin initiatives.
Every new issuer, however, creates a separate liquidity ecosystem. Capital becomes scattered across venues, raising execution costs and reducing efficiency across the board.
Traditional liquidity infrastructure treats capital as a passive resource sitting idle between transactions. That model worked when stablecoin pools primarily served as simple trading venues.
Today, with hundreds of issuers potentially entering the market, coordination has replaced issuance as the central problem.
J.P. Morgan projects global cross-border payment flows will grow from roughly $194.6 trillion in 2025 to more than $320 trillion by 2032.
Uniswap v4 addresses the technical side through hooks, which allow custom logic to be embedded directly into pool behavior.
Spark’s DualPool hook operates as one execution component within the broader Shared Liquidity Layer. Rather than leaving liquidity static, the hook allows capital to remain productive when not actively required for market execution.
Spark introduces governance-defined allocation frameworks and a five-layer loss absorption structure to manage how that programmable liquidity behaves.
The coordination layer determines risk parameters, inventory policies and allocation objectives. This transforms pools from passive venues into active infrastructure responding to market conditions.
As Spark noted in its announcement: “Every new stablecoin fragments liquidity. The Stablecoin FX Layer allows stablecoins to access shared liquidity instead of building isolated pools.” The initial $150 million deployment across two pools represents one of the largest AMM liquidity migrations in DeFi history.
Introducing the Stablecoin FX Layer.
Every bank, fintech and payment provider is launching stablecoins. But every new stablecoin fragments liquidity.
Today, Spark introduces the Stablecoin FX Layer, built on @Uniswap v4, a shared liquidity infrastructure that allows stablecoins… pic.twitter.com/NA71yfGWop
— Spark (@sparkdotfi) June 25, 2026
Shared Infrastructure Targets the Multi-Issuer Economy The initial deployment uses USDS as the quoting asset across both pools, with Sky providing the liquidity foundation.
Sky operates one of the largest stablecoin ecosystems in DeFi, with billions of dollars across USDS, DAI and associated savings infrastructure. That scale gives the FX Layer the depth required to serve institutions, payment providers and exchanges from launch.
Deeper liquidity directly reduces slippage and lowers execution costs for traders and settlement providers. These improvements make USDS one of the more accessible stablecoins to integrate at scale.
The benefits extend beyond any single pair, establishing a blueprint for how additional issuers can connect into the same shared infrastructure.
Bloomberg Intelligence projects annual stablecoin payment flows could reach $56.6 trillion by 2030. That growth requires infrastructure capable of connecting hundreds of issuers without forcing each to rebuild liquidity independently. Under this model, issuers contribute to shared depth rather than compete for fragmented capital.
Future implementations may allow liquidity to generate yield linked to short-term rates such as SOFR while remaining available for settlement.
That would allow institutions to narrow the historical gap between capital productivity and liquidity availability. The goal is to keep inventory working rather than sitting idle.
The long-term vision positions the Stablecoin FX Layer as the exchange and settlement backbone for a multi-issuer stablecoin economy.
Each new issuer joining the network adds liquidity rather than fragmenting it further, creating compounding network effects over time.
Spark, Uniswap, and Sky are launching shared stablecoin liquidity infrastructure, beginning with a $150 million USDS migration to Uniswap v4 pools designed to serve a multi-issuer stablecoin economy.
Spark, Uniswap, and Sky are launching a joint "Stablecoin FX Layer," shared programmable liquidity infrastructure for a multi-issuer stablecoin economy. The first deployment is a migration of roughly $150 million in USDS liquidity into Uniswap v4 pools, which the protocols describe as one of the largest AMM liquidity migrations in DeFi.
The three protocols announced the initiative Thursday in a joint post on Paragraph published by Spark. The migration targets two pools: USDS/USDT and USDS/PYUSD, both on Uniswap v4. Spark acts as the coordination layer, governing allocation frameworks and risk parameters; Sky's USDS, which carries a circulating supply of roughly $10.3 billion, provides the initial liquidity foundation.
Fragmented Liquidity Stablecoins processed more than $28 trillion in economic volume in 2025, according to Chainalysis data cited in the Spark post. As the issuer count grows, including PayPal's PYUSD, Ripple's RLUSD, Revolut's planned stablecoin, Deel's DLUSD, Robinhood's reported ambitions, a euro stablecoin project from ING, BBVA, and BNP Paribas, and MUFG, Mizuho, and SMBC in Japan, each new issuer creates an isolated liquidity pool.
Capital is not scarce, the Spark post argues. It is fragmented across isolated pools where it cannot be deployed efficiently. Every issuer bootstraps liquidity independently, multiplying the coordination problem with each new token.
DualPool Hook The technical mechanism rests on Uniswap v4's hook architecture. Uniswap v4 has processed $4.4 trillion in cumulative trading volume since launch and introduced hooks: modular smart-contract extensions that attach custom logic to pool events such as swaps and liquidity additions. The specific instrument here is the DualPool hook, which embeds programmable behavior directly into pool mechanics.
Spark governs the allocation framework on top. When liquidity in a given pool is not needed for trade execution, Spark can redeploy it across approved products within the Sky ecosystem, keeping idle capital productive rather than sitting dormant. The protocols describe this as solving the liquidity-versus-productivity tradeoff: capital earns yield while remaining available for settlement.
Sky's Role and the First PoolsSky operates the USDS stablecoin alongside the legacy DAI, which carries a market cap of roughly $4.65 billion. Sky's total value locked stands at $5.76 billion per DefiLlama, with Spark holding an additional $4.6 billion in TVL as the capital-allocation arm that borrows from Sky's stablecoin reserves.
The $150 million migration deploys USDS into two pools: USDS/USDT and USDS/PYUSD. The PYUSD pairing means PayPal's stablecoin connects to the shared infrastructure directly, rather than bootstrapping an independent pool. The long-term vision is for issuers including Robinhood, Revolut, and bank-issued tokens to join the same layer, with USDS as the shared quoting asset.
Fidelity's dollar stablecoin routes liquidity through Uniswap, an earlier example of institutional stablecoin issuers choosing shared exchange infrastructure rather than building their own.
Yield-Bearing Liquidity Under the current AMM model, liquidity providers commit capital to pools and forego returns while waiting for trades to clear. The DualPool mechanism routes uncommitted liquidity into the Sky ecosystem, through sUSDS and other Sky-approved products, until it is called on for execution.
J.P. Morgan projects global cross-border payment flows will grow from $194.6 trillion in 2025 to more than $320 trillion by 2032, the scale context the Spark post uses to frame the capital-efficiency argument for institutional issuers.
What Comes NextThe $150 million USDS migration is framed as a first step. Spark has previously published a risk framework for its Sky Agent Network, and the FX Layer announcement extends that infrastructure logic to multi-issuer liquidity coordination. Sky's $6 billion sUSDS yield pool provides the underlying product layer into which idle pool capital would flow.
Spark and Uniswap have launched the “FX Layer,” a new stablecoin liquidity system designed to make swapping between dollar-pegged digital assets more efficient while reducing the need for each issuer to build separate liquidity infrastructure.The initiative combines Spark’s liquidity management framework with Uniswap v4’s programmable automated market maker architecture to create a shared exchange layer where banks, fintech firms, payment companies, and stablecoin issuers can connect to a common liquidity pool rather than establishing and maintaining independent markets. As part of the launch, Spark is migrating approximately $150 million from its USDS ecosystem into Uniswap v4. The capital will establish the initial liquidity foundation for swap pools supporting USDS, Tether’s USDT, and PayPal USD (PYUSD), representing one of the largest automated market maker liquidity migrations seen in decentralized finance.
The launch comes as institutions increasingly evaluate issuing their own branded stablecoins following the passage of the GENIUS Act, while competition shifts beyond token issuance toward the infrastructure required to move liquidity efficiently between multiple digital dollar networks.
How Does the FX Layer Work? Rather than creating another stablecoin, the FX Layer focuses on the market infrastructure connecting existing ones.
Under the design, Uniswap v4 provides the programmable decentralized exchange architecture, while Spark acts as the coordination layer that determines how liquidity is allocated and managed across participating stablecoins.
The model is intended to eliminate one of the largest operational challenges facing new issuers. Traditionally, every stablecoin issuer must bootstrap liquidity, attract market makers, and manage inventory across multiple trading venues. The FX Layer instead offers a shared liquidity environment where multiple issuers can access the same underlying infrastructure.
Spark said the first deployment is already live across Ethereum pools pairing USDS with USDT and PYUSD, using USDS as the base asset for the initial liquidity rollout.
The protocol is also adopting a phased development roadmap. Future upgrades will introduce its Shared Liquidity Layer together with the DualPool hook, a programmable mechanism designed to determine how idle liquidity can be allocated across approved products, liquidity venues, and yield-generating strategies.
Investor Takeaway The launch shifts competition away from issuing stablecoins toward building the infrastructure that connects them. Shared liquidity may become a competitive advantage as financial institutions introduce additional dollar-backed tokens without fragmenting onchain liquidity.
Why Shared Liquidity Matters for Stablecoins The stablecoin market has expanded rapidly, but liquidity remains fragmented across dozens of dollar-pegged assets. Every new issuer typically creates another isolated pool that must compete for market makers and trading volume, reducing overall capital efficiency.
The FX Layer attempts to solve that fragmentation by allowing multiple issuers to share liquidity instead of duplicating it.
Spark Chief Executive Sam MacPherson said the industry’s next phase will depend less on launching additional digital dollars and more on making them interoperable through common infrastructure.
“The next generation of stablecoins won’t be defined by who can issue another digital dollar. It will be defined by the infrastructure that allows hundreds of issuers to operate together at global scale,” MacPherson said. “The native stablecoin remains visible. The liquidity infrastructure becomes invisible. That’s the future we’re building.”
The strategy also addresses one of the industry’s biggest structural criticisms. While stablecoins have become widely used for payments and trading, market participants have questioned whether an ecosystem containing dozens or hundreds of separate dollar tokens can maintain frictionless convertibility if liquidity becomes fragmented.
Supporters argue shared liquidity infrastructure could preserve efficient 1:1 trading between competing stablecoins, making private-issued digital dollars more practical for institutional use.
What Does It Mean for DeFi and Institutional Adoption? The deployment provides an early test of whether decentralized exchanges can evolve beyond retail crypto trading into financial infrastructure supporting institutional digital assets.
Rather than requiring every financial institution launching a stablecoin to develop proprietary liquidity networks, the FX Layer offers a shared marketplace capable of supporting multiple issuers simultaneously.
The initiative also reinforces Uniswap’s growing role as infrastructure rather than simply a decentralized exchange. As tokenized assets continue moving onchain, liquidity coordination may become as important as trading itself.
The initial $150 million migration is only the first phase. Spark said additional integrations are being developed across the stablecoin ecosystem, while the planned DualPool framework will undergo separate security reviews before deployment.
If successful, the project could establish a model where banks, payment companies, fintech firms, and crypto-native issuers compete on products and customer relationships while relying on common liquidity infrastructure underneath. Such an approach would reduce capital fragmentation, improve trading efficiency, and potentially make stablecoin markets more scalable as institutional participation continues to expand.
TLDR SOL has recovered from the $60 support level and currently trades in the $64–$69 corridor, though it sits below crucial exponential moving averages Bearish signals dominate derivatives markets: the long-to-short ratio declined to 0.94 while funding rates entered negative territory SOL has recorded eight straight monthly losses, representing the longest losing streak in the token’s trading history Technical analyst BATMAN identified SOL caught within a symmetrical wedge pattern displaying bearish MACD divergence beneath the 200 EMA around $74 Despite market challenges, spot Solana ETFs attracted $137,290 in net capital inflows on Tuesday, indicating persistent institutional participation Solana has managed to defend the critical $60 threshold, though the subsequent rebound appears tentative. Currently trading near $69, the token remains constrained beneath important moving averages while confronting multiple resistance barriers.
Solana (SOL) Price The $60 region has emerged as a significant psychological floor. Demand materialized at this level, propelling SOL upward by more than 5% over a 24-hour period at its peak. However, selling pressure continues to mount at higher price points.
Derivatives market indicators paint a cautious picture. According to CoinGlass data, Solana’s long-to-short ratio slipped to 0.94 on Wednesday. This sub-1.0 reading indicates short positions have overtaken long positions, reflecting pessimistic trader sentiment.
Funding rates also flipped negative during the early week period, registering -0.0080% on Wednesday. This configuration means short sellers are compensating long holders, a dynamic that generally suggests market participants anticipate further price deterioration.
On June 24, cryptocurrency analyst BATMAN highlighted that SOL appears confined within an expansive symmetrical wedge formation. As volatility contracts toward the pattern’s convergence point, price action continues struggling beneath the 200 EMA positioned near $74. The MACD indicator displays bearish divergence alongside waning momentum. BATMAN emphasized that Solana is “running out of room” and questioned whether SOL would breach the $69 level.
Solana is reaching a decision point.$SOL is trapped inside a massive symmetrical wedge as volatility compresses toward the apex.
Price continues to struggle below the 200 EMA near $74 while MACD is printing bearish divergence and losing momentum.
Critical Resistance Zones Ahead SOL currently trades beneath its 50-day, 100-day, and 200-day exponential moving averages. This creates a layered resistance structure that bulls must overcome to establish meaningful upside momentum.
Source: TradingView The initial obstacle appears around $74.75. Beyond that lies the 50-day EMA positioned near $76.18. A more substantial advance could challenge the 50% Fibonacci retracement level at $79.27, followed by the 100-day EMA at $83.03.
The MACD on the 4-hour timeframe shows signs of consolidation, while the RSI hovers around 46, remaining below the neutral 50 threshold. Neither technical indicator suggests imminent bullish momentum from present price levels.
The monthly chart reveals particularly concerning dynamics. Analyst Ash Crypto highlighted that SOL has now produced eight consecutive red monthly candles, an unprecedented occurrence throughout its trading existence. The monthly RSI has reached more oversold territory than during the 2022 FTX crisis, when SOL plummeted to approximately $8.
$SOL is the most oversold it has EVER been.
– Solana just hit a 3-year low of $60.
– Down -80% from its ATH.
– 8 consecutive red monthly candles for the first time in history.
– $SOL Monthly RSI is more oversold than the 2022 FTX crash when sol crashed to $8.
Do you think the… pic.twitter.com/XrQs1444SA
— Ash Crypto (@AshCrypto) June 6, 2026
Emerging Support Indicators Not all market signals lean bearish. According to SoSoValue data, spot Solana ETFs registered $137,290 in net capital inflows on Tuesday. While this represents a relatively small amount, it demonstrates ongoing institutional appetite.
Several market observers are monitoring the $50–$40 range as a potential accumulation territory. Rod’s technical framework suggests that if SOL establishes a foundation within this zone, a prolonged recovery trajectory toward $175 could materialize. Meanwhile, Trader Symba’s SOL/BTC pair analysis identifies a long-term demand zone in the vicinity, projecting eventual new peaks above $300.
CryptoJack noted a trendline breakout on the 1-hour chart, suggesting immediate downward pressure may be diminishing. Essential support levels to maintain are $62–$63, with upside objectives positioned at $68, $70, and subsequently $76.
As of Wednesday, SOL’s long-to-short ratio stood at 0.94 and funding rates measured -0.0080%, with the token trading around $69.58.
Solana managed to hold above the $60 mark after the latest wave of declines. The cryptocurrency rebounded amid renewed buying interest, reaching around $69.58 on Wednesday. However, the recovery has so far been limited, with the asset remaining below several key moving averages, signaling continued resistance at higher levels.
Cautious signals dominate derivatives dataShort-term indicators from derivatives markets highlight a cautious mood among traders. According to CoinGlass, Solana’s long-to-short ratio dropped to 0.94 on Wednesday. With the ratio falling below 1, short positions have overtaken longs, reflecting increased caution and a bearish investor sentiment in the market.
Mini glossary: The funding rate is a periodic payment between long and short positions in futures markets. When the rate turns negative, it means traders holding short positions are paying those with long positions, usually a sign that bearish expectations are growing.
Earlier this week, Solana’s funding rate slipped into negative territory. On Wednesday, it stood at minus 0.0080%, confirming that short position holders were compensating longs. This pattern often emerges during periods when further price declines are widely anticipated.
Analyst BATMAN noted that Solana’s price is currently squeezed within a broad symmetric wedge pattern, volatility is narrowing, and pressure persists below the 200-day exponential moving average near $74.
Resistance levels and technical indicators limit upsideFrom a technical perspective, the first significant resistance stands at $74.75. Just above, the 50-day exponential moving average comes in at $76.18. Should Solana attempt a more robust recovery, traders are watching the 50% Fibonacci retracement at $79.27, followed by the 100-day exponential moving average at $83.03.
IndicatorLevelMeaningSupport$60Identified as a key psychological floorInitial resistance$74.75Short-term level to overcome50-day EMA$76.18Acts as a technical ceiling100-day EMA$83.03Level for more sustained reboundsOn the four-hour chart, the MACD indicator suggests an ongoing consolidation phase, while the RSI currently sits at 46, remaining below the neutral 50 level. The overall picture signals a lack of clear bullish momentum for Solana in the near term.
Historic weakness stands out on the monthly chartA closer look at the monthly timeframe reveals more pronounced weakness. Analyst Ash Crypto highlighted that Solana has posted eight consecutive months of declines—a record losing streak in the cryptocurrency’s trading history. The monthly RSI is also lower than levels seen during the FTX collapse in 2022, pointing to an extremely oversold market.
According to the data, Solana remains down about 80% from its all-time high and has fallen for eight straight months, with the monthly RSI now at one of its most oversold historic levels.
Institutional interest not fully lostDespite the overwhelmingly bearish signals, not all indicators are negative. Spot Solana ETFs saw net inflows of $137,290 on Tuesday, according to SoSoValue, a prominent digital asset data platform. While the sum is modest, it signals that some institutional interest in Solana persists.
Some market participants now view the $50–$40 range as a potential accumulation zone. In the short term, holding above the $62–$63 band is seen as critical for support. On the upside, immediate targets include $68, $70, and $76 should momentum improve.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
The cryptocurrency market was shaken by another wave of decline last night. Bitcoin (BTC) fell below $60,000, while Ethereum and major altcoins also saw significant pullbacks.
No single trigger has been identified for the sell-off. Reasons cited include the Fed’s hawkish stance, six consecutive weeks of outflows from spot ETFs, decreased liquidity during the summer months, and the expiration of quarter-end options on June 30th.
Due to the recent declines, the negative sentiment and outflows in US spot ETFs continue. At this point, outflows from ETFs have reached record levels.
According to a report by the US financial platform Kobeissi Letter, there has been a net outflow of $6.4 billion from US spot Bitcoin ETFs in the last 30 days. This figure represents the largest monthly net outflow recorded to date.
With these outflows, cumulative inflows into spot BTC ETFs over the past 12 months have also fallen to $5 billion. The current figure is about half of the $10 billion recorded in October last year.
According to Farside Investors data, US spot Bitcoin ETFs saw net outflows for the fifth consecutive day. On Wednesday, ETFs experienced net outflows of $469 million.
BlackRock’s IBIT fund led the way in Bitcoin ETF outflows with $239.3 million, followed by Fidelity’s FBTC fund with $120.8 million.
Bitwise’s BITB fund saw outflows of $27.5 million, Ark Invest’s ARKB fund outflows of $50.7 million, and Grayscale’s GBTC fund outflows of $54.3 million, while Grayscale’s Mini BTC fund was the only fund to experience an inflow of $23.6 million.
In contrast, Morgan Stanley’s MSBT; Wisdom Tree’s BTCW; VanEck’s HODL; Invesco’s BTCO; Franklin Templeton’s EZBC; and Valkyre’s BRRR fund recorded 0 flow.
Outflows Continue in Ethereum ETFs! Ethereum ETFs also experienced outflows. According to Farside Investors data, spot Ethereum ETFs saw net inflows for the fifth consecutive day, resulting in a total net outflow of $30.2 million.
According to the data, outflows were observed in three funds. Fidelity’s FETH fund topped the list with an outflow of $15.7 million. It was followed by BlackRock’s ETHA fund with $8.1 million and Grayscale’s Mini Ethereum (ETH) fund with $6.5 million.
In contrast, BlackRock’s ETHB; Bitwise’s ETHW; 21Shares’ TETH; VanEck’s ETHV; Invesco’s QETH; and Franklin Templeton’s EZET funds all recorded 0 flows.
What’s the Situation with Solana and XRP ETFs? While Bitcoin and Ethereum ETFs are experiencing outflows, the situation is mixed in altcoin ETFs.
Accordingly, XRP spot ETFs saw inflows of $2.05 million, while Solana spot ETFs recorded zero inflows yesterday.
*This is not investment advice.
Follow our Telegram and Twitter account now for exclusive news, analytics and on-chain data!
On a day when Bitcoin crashed to a 20-month low and XRP fell 8%, Solana did something quietly impressive: it held up better than any other major coin. SOL is down less than 4% on the week, outperforming the entire large-cap field in a brutal selloff. The relative strength is not luck. It traces to a unique ETF feature and steady upgrade progress. Here is what’s happening with SOL.
Solana is trading near $69.03 on June 25, 2026, down about 3.7% over the past week (live SOL price on CoinGecko). That makes it the most resilient major coin this week, falling less than Bitcoin’s broader decline and far less than XRP’s 8% slide, even as a liquidation cascade dragged Bitcoin to a 20-month low near $60,000. SOL holds the number 7 spot by market cap. It remains in a downtrend below its moving averages, but its outperformance stands out in a market where almost everything is bleeding.
The relative strength is worth understanding, because it points to what is supporting SOL when little else is holding.
Why Solana is outperforming in the selloff In a broad risk-off move driven by liquidations, a seventh week of Bitcoin ETF outflows, and a hawkish Fed, high-beta altcoins usually fall hardest. Solana, despite being high-beta, is bucking that pattern this week. A few things explain it.
The standout is its ETF structure. Among major assets, Solana’s spot ETFs are unique in that they launched with staking enabled, passing validator rewards to shareholders. That yield component makes SOL ETFs more attractive than Bitcoin or Ethereum ETF products, which offer no staking return. In a market where institutions are pulling money from non-yielding Bitcoin ETFs, an ETF that pays a staking yield is comparatively more appealing, and Solana has attracted some of the only consistent positive ETF flows among majors in recent sessions. That distinct demand is part of why SOL is holding up.
The upgrades supporting Solana Beyond ETFs, steady fundamental progress is reinforcing confidence. Two major upgrades are advancing. Alpenglow, Solana’s consensus overhaul, is live on a test cluster, a significant step toward dramatically faster transaction finality. And Firedancer, the new validator client from Jump Crypto, continues its careful rollout, with its lead engineer emphasizing performance improvements and rigorous testing aimed at boosting reliability and throughput.
Together, these upgrades target Solana’s two historical weak spots, speed and network outages, and their progress reassures investors that the network is building durable infrastructure rather than just riding market cycles. In a fearful market, demonstrable technical progress and reliability improvements give SOL a fundamental anchor that many altcoins lack.
The risk that remains Solana’s resilience this week should not be mistaken for immunity. It is still in a downtrend, still down on the week, and still exposed to the same macro forces dragging the whole market lower: the hawkish Fed, the strong dollar, and crypto trading down alongside AI stocks. If Bitcoin breaks decisively lower toward the $55,000 region some analysts flag, SOL would likely follow.
There is also Solana’s reliance on speculative activity. A cooling memecoin cycle earlier this month trimmed network fees, a reminder that part of its on-chain activity is speculative and can deflate. Solana is outperforming on a relative basis, but relative strength in a falling market still means falling, just less than the rest.
SOL/USD: Key Levels to Watch On the downside, $66 is the immediate support, with the $62 to $63 zone below it as the level that has held through recent dips. A break there would align with deeper Bitcoin weakness. On the upside, SOL needs to reclaim $72 to ease pressure, then the $78 to $85 zone to confirm a stronger bullish reversal. Holding above $66 keeps the relative-strength story intact.
Bottom Line Solana at $69 is the most resilient major coin this week, down less than 4% while Bitcoin hit a 20-month low and XRP fell 8%. The outperformance traces to its unique staking-enabled ETFs drawing demand when Bitcoin ETFs bleed, plus steady progress on its Alpenglow and Firedancer upgrades.
SOL is not immune, it remains in a downtrend tied to the weak macro backdrop and would follow Bitcoin lower if the selloff deepens. But its relative strength and fundamental anchors are encouraging. Watch the $66 support and the $72 reclaim level. As long as Solana keeps outperforming on the way down and shipping upgrades, it stays better positioned than most for whenever the market turns.
FAQ What is the Solana price today?
Solana is trading near $69.03 on June 25, 2026, down about 3.7% over the past week. That makes it the most resilient major coin this week, falling less than Bitcoin and far less than XRP’s 8% slide.
Why is Solana holding up better than other coins?
Solana’s relative strength traces to its unique staking-enabled spot ETFs, which draw demand when non-yielding Bitcoin ETFs are bleeding, plus steady progress on its Alpenglow and Firedancer upgrades that reassure investors about the network’s future.
What makes Solana’s ETF different?
Among major assets, Solana’s spot ETFs launched with staking enabled, passing validator rewards to shareholders. This yield component makes them more attractive than Bitcoin or Ethereum ETFs, which offer no staking return, especially when institutions are pulling money from non-yielding products.
What are the key Solana levels to watch?
Immediate support is $66, with the $62 to $63 zone below it. On the upside, SOL needs to reclaim $72 to ease pressure, then the $78 to $85 zone to confirm a stronger bullish reversal.
Is Solana immune to the crash?
No. Solana is outperforming on a relative basis but remains in a downtrend, still down on the week and exposed to the same macro forces. If Bitcoin breaks toward $55,000, SOL would likely follow. Relative strength in a falling market still means falling, just less.
This is not investment advice. Cryptocurrency is highly volatile. Always do your own research.
Paxos built PAXG to remove the operational overhead of holding gold. Storage, custody, and transfer are handled at the token level, backed 1:1 with the world’s finest gold and overseen by federal regulators, so holders get direct exposure to physical gold without the infrastructure burden that comes with it. As gold continues its strongest bull cycle in two decades, more investors are seeking the convenience of tokenized gold: lower-cost, faster to settle, and instantly transferable. PAXG has grown over 300% since 2024 and demand continues to increase.
Today we're extending PAXG to Solana, the first step in PAXG's multi-chain expansion. You can find more information about where to buy PAXG on Solana here.
What Is PAXG?Pax Gold (PAXG) is a digital token where one token equals one fine troy ounce of physical gold.
Each ounce is stored in London Bullion Market Association (LBMA) accredited vaults. The gold reserves are attested monthly by KPMG, providing token holders with regular, independent verification that every PAXG in circulation is fully backed by physical gold. In addition, the reserves undergo an annual physical audit conducted by Bureau Veritas, an independent inspection and certification body. This audit is limited to physical verification procedures performed on-site and does not constitute an attestation of ownership, valuation, or overall asset backing, but provides an additional layer of independent verification of the vaulted gold. If you hold PAXG, you hold the underlying physical gold under the legal custody of Paxos Trust Company, National Association.
We issue PAXG as a national trust bank regulated by the Office of the Comptroller of the Currency (OCC), one of the most rigorous oversight frameworks available for a digital asset issuer. That regulatory posture is not incidental and sets us apart in the market. It means your gold is held under legal custody, with monthly public attestations and full bar-serial transparency through our Gold Allocation Lookup tool.
A few specifics that differentiate PAXG from other ways to own gold:
No custody fees. Gold ETFs charge 10 to 40 basis points per year just to hold your position. PAXG charges zero for storage.
Near-instant settlement. On-chain transfers settle in seconds, compared to T+1 for Gold ETFs and T+2 for LBMA bars.
Redeemable for physical bars, unallocated gold, or USD. PAXG is redeemable for LBMA Good Delivery gold bullion bars (requires holder to have 430 PAXG), unallocated Loco London Gold, or USD at current market price. This can be completed through the Paxos site.
No accredited investor gate, no brokerage account, no large bar minimums.
How Is PAXG Created?Every PAXG token begins with physical gold. When demand for PAXG increases, Paxos purchases unallocated gold from our supplier, which is then allocated to LBMA-accredited vaults in London as Good Delivery bars. Once the gold is vaulted, it is tokenized: PAXG tokens are minted on-chain and held in Paxos' inventory wallets. When a customer buys PAXG from Paxos directly, tokens transfer directly from Paxos inventory to their wallet.
Every token in circulation is backed by a specific, auditable bar of physical gold. The flow is always the same direction: gold enters the vault before tokens enter the market.
Why Solana, and Why NowPAXG launched on Ethereum in 2019. In the past two years, the number of holders more than doubled, and average holding size more than tripled from $7,000 to $26,000.
That growth signals the opportunity to expand PAXG into new ecosystems and put it in the hands of more builders and users.
Solana's real-world asset ecosystem crossed $2.5 billion in TVL in May 2026, up from $215 million just twelve months ago. Transaction fees average a fraction of a cent, with sub-second confirmation and 99.9%+ uptime over the past year. It is an ecosystem mature enough to support a regulated, allocated gold token immediately at launch, with an active DeFi base ready to integrate native assets.
We are partnering with Sunrise Defi on our Solana expansion to bring PAXG natively to the ecosystem with active DeFi markets across major Solana DEXs and seamless integration into Solana wallets and aggregators.
Solana is the start of our multi-chain expansion for PAXG. Every piece of infrastructure we are shipping in this launch is designed to extend cleanly to every chain that comes next.
How We Built the InfrastructureGetting here required one foundational upgrade and one new deployment. Both matter for Solana and for every chain that comes after.
ETH PAXG Contract Upgrade
Expanding to new chains starts at the contract level. We upgraded the PAXG token contracts to support omnichain functionality across both EVM and non-EVM networks, with an architecture designed to extend cleanly as we add more chains.
The upgraded contracts maintain all existing compliance controls, the same supply verification that underpins our monthly KPMG attestations, and full auditability of every token in circulation across every chain where PAXG is live.
The upgraded contracts are open source, independently audited by Zellic, and available for review in our PAXG GitHub repository.
Existing Ethereum holders can bridge directly through the Paxos platform or through
LayerZero Stargate
. No re-purchasing, no re-custodying, no new attestation required.
PAXG on Solana: The Token Implementation
The Solana deployment of PAXG is built on the Token-2022 program, Solana's extended token standard that enables native compliance controls at the token level.
This is the same standard Paxos used for PYUSD and USDG on Solana. It lets us enforce the same regulatory requirements that exist on Ethereum without relying on a separate contract layer to do it.
The Permanent Delegate extension ensures PAXG on Solana meets the same regulatory requirements as the Ethereum contract. The result is a Solana-native PAXG token that carries the same compliance posture and supply verifiability as the Ethereum original.
This Is the FoundationThe Solana launch is the first step in PAXG's multi-chain expansion. The contract upgrades and infrastructure we shipped today are built to add new chains faster with less overhead each time.
Whether you're a builder integrating tokenized gold into a Solana application or an institutional investor looking to learn how to buy PAXG, reach out here to get started or learn more.
Footnotes:
¹ Solana RWA TVL growth from $215M to $2.5B over twelve months as of May 2026. Source: RWA.xyz. Reported independently by MEXC News and CryptoNews.net.
² Solana lending markets reaching $3.6B: as of December 2025 per DeFiLlama. Verify current figures before publication at defillama.com/chain/Solana as lending TVL fluctuates.
³ Last officially confirmed major outage: February 6, 2024, per the Solana Foundation's June 2025 Network Health Report. As of mid-2025, Solana had gone over 16 consecutive months without a major confirmed outage.
Paxos-issued compliant gold token PAXG goes live on Solana mainnet
PANews June 25 news, Paxos-issued gold token PAXG has gone live on the Solana mainnet via the Sunrise protocol, becoming the first gold token regulated by the U.S. Office of the Comptroller of the Currency (OCC) and available in the Solana ecosystem.
Share to:
Author: PA一线
This content is for market information only and is not investment advice.
Follow PANews official accounts, navigate bull and bear markets together
Recommended Reading
Related Topics
Popular Articles
Industry News
Market Trends
Curated Readings
Subscribe
Aster Launches AOS-1 Open Standard, Spot Maker Rebate 0.25bps
Binance will delist the IPUSDT and IPUSDC USDT-margined perpetual contracts due to the rebranding of the Story brand.
Per an official announcement, following the rebranding of the Story (IP) brand to Data Network, Binance will automatically liquidate IPUSDT and IPUSDC U-margined perpetual contracts at 17:00 CST (UTC+8) on June 28, 2026, and remove these perpetual contract trading pairs after liquidation concludes. Users are advised to close their positions voluntarily before trading is suspended to avoid automatic settlement of their positions. Starting from 16:30 CST (UTC+8) on June 28, 2026, users will no longer be able to submit new non-reduce-only orders for the aforementioned perpetual contracts. A separate announcement will be released when the new contract goes live.
1 hours ago
Sources: Israeli military withdrawal from Lebanon is an important "red line" for Iran.
Local time on June 25, a source close to the negotiation team said that Israel's withdrawal from Lebanese territory is one of the conditions for a final Iran-US agreement, and is regarded as an important "red line" by Iran's negotiation team. The source further stated that the final memorandum of understanding will guarantee Lebanon's sovereignty and territorial integrity. The agreement text previously reached in Switzerland already emphasized a "conflict resolution mechanism" that is participated in and uniformly implemented by Iran. Iran is currently following up on the specific implementation timeline. (CCTV)
1 hours ago
Apple's stock price fell by 6%, marking its largest decline since April 2025.
According to Bitget's market data, Apple's stock price fell by 6%, marking its largest decline since April 2025.
1 hours ago
Analyst: Bitcoin falls below $60,000, but institutions and whales are not continuing to bet on further declines.
Greeks.live macro researcher Adam posted on X: "Tomorrow is the quarterly expiry, and Bitcoin has dipped below $60,000. As seen in the GEX chart, $60,000 is clearly the highest open interest price point. Meanwhile, large positions are also starting to accumulate at $58,000 and $59,000, signaling rising market risk. Institutional investors and major holders have not continued to bet on a downward move; they are just waiting for the expiry."
1 hours ago
TD Cowen Analyst: SpaceX May Acquire T-Mobile
TD Cowen analysts said SpaceX could acquire T-Mobile to accelerate its wireless communication ambitions if a network sharing agreement cannot be reached. The report points to Starlink’s existing partnership with T-Mobile US as a strategic fit. This idea is purely speculative, but it underscores the growing competitive pressure the space exploration firm faces in the telecom industry.
Ethereum, the world’s second-largest digital asset by market cap, continues to serve as a foundational platform for smart contracts and blockchain innovation. Developed by figures such as Vitalik Buterin and Consensys co-founder Joseph Lubin, Ethereum remains at the heart of groundbreaking advancements within the blockchain ecosystem.
Major technical upgrades aheadAs Ethereum holds its position as the main settlement layer for decentralized finance, NFT transactions, and tokenized assets, forthcoming protocol changes are being closely watched by both developers and institutional players. Most recently, Ethereum co-founder Joseph Lubin revealed that the network is just steps away from significant technical upgrades designed to enhance interoperability.
Joseph Lubin emphasized that advances in zero-knowledge proofs are being developed to enable faster and more secure communication between Ethereum’s Layer 1 and Layer 2 structures.
Among the highlighted technical themes is zero-knowledge proof (ZKP) technology, which allows information to be verified without revealing its content. This targeted approach aims to address longstanding security vulnerabilities present in traditional blockchain bridges, a subject of considerable debate in the industry.
Mini glossary: A zero-knowledge proof is a cryptographic method that allows someone to prove the validity of information without disclosing the information itself. Layer 2 refers to scaling solutions that process transactions off the main network and settle results on Ethereum.
Layer 2 interoperability strategy on the riseThis strategy closely aligns with Ethereum’s ongoing shift towards a rollup-centric approach, where an increasing portion of transactional load is handled by Layer 2 solutions. The network’s fragmented ecosystem structure has underscored the urgency of seamless interoperability between various components.
The report also highlighted the potential of a system called Interchain Token Movement, which could reduce reliance on risk-prone blockchain bridges. By improving connections between disparate ecosystems built around Ethereum, the initiative aims to form a more unified blockchain environment.
Potential effects for institutions and developersLower counterparty risk and faster settlement times are among the most notable benefits for institutional investors and DeFi protocols. For developers, enhanced toolkits could make it far easier to build robust multi-chain applications in practice.
Exchanges and custodial service providers may also see streamlined operational flows as a result. On the other hand, added complexity in transaction structures could lead to increased ETH burning, potentially altering the token’s circulating supply dynamics.
Competition intensifiesThese zero-knowledge-driven interoperability steps coincide with regulatory frameworks for digital assets becoming clearer and a surge in institutional interest. Still, rival networks such as Solana and projects adopting modular blockchain architectures are also pushing towards similar goals.
This evolving landscape has reignited debate about whether Ethereum can maintain its real-world interoperability advantage. The timing and effectiveness of the planned technical rollouts may prove decisive for Ethereum’s ecosystem competitiveness in the coming months.
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.
PAX Gold, the gold-backed token issued by Paxos, is now tradeable on Jupiter, Solana’s dominant DEX aggregator. The integration was made possible through Sunrise DeFi, a liquidity gateway built by Wormhole Labs that handles the messy plumbing of onboarding new assets to Solana.
PAXG is the first gold token regulated by the Office of the Comptroller of the Currency to land on Solana.
How Sunrise makes it work Instead of forcing each new asset to negotiate with individual DEXes, liquidity providers, and block explorers one at a time, Sunrise bundles the entire onboarding process into a single pipeline. The result is day-one trading access the moment an asset goes live.
Advertisement
A token like PAXG doesn’t have to sit in limbo for weeks while liquidity slowly materializes across fragmented venues. Sunrise pre-coordinates with Jupiter and other infrastructure partners, including the Solana block explorer Orb, so that trading and price discovery can happen immediately.
The platform has already tested this playbook with other assets. Bittensor’s TAO token was recently onboarded through the same process, suggesting that Sunrise is building a repeatable framework rather than a one-off integration.
Why gold on Solana matters PAXG is one of the more straightforward tokenized assets in crypto. Each token is backed by one fine troy ounce of London Good Delivery gold, held in Brinks vaults. Paxos, the issuer, operates under a New York State trust charter and is regulated by the OCC, which makes PAXG one of the few gold tokens with a clear regulatory pedigree.
Solana’s transaction fees are measured in fractions of a cent, and block times hover around 400 milliseconds.
What this means for investors Solana DeFi users can now trade a regulated gold token without bridging to Ethereum, paying Ethereum gas fees, or dealing with the latency of a slower network.
For Jupiter specifically, each new asset integration adds trading volume and fee revenue. Jupiter already dominates Solana’s DEX aggregation layer, and the Sunrise partnership effectively turns it into the default landing pad for cross-chain assets entering the ecosystem.
Wormhole, the bridge protocol behind Sunrise, suffered a high-profile exploit in 2022 that drained hundreds of millions of dollars. The team has overhauled its security since then, but the history is worth noting for anyone allocating significant capital through this pathway.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Solana’s real-world asset ecosystem has crossed the $3.1 billion mark, a milestone that cements the network’s position as the third-largest blockchain for tokenized assets globally. The figure comes with over 290,000 wallets actively holding RWAs on the network.
Solana’s RWA market sat at roughly $873 million around the end of 2025. It has since more than tripled, with the most recent 30-day stretch alone delivering a 14.25% jump.
What’s driving the surge The $3.1 billion figure represents approximately 9.5% of the total tracked global RWA market. Solana now trails only Ethereum and BNB Chain in this rapidly expanding category, which encompasses everything from tokenized US Treasuries to equities and credit instruments.
Advertisement
Tokenized stock trading on Solana recently hit an all-time high of $644 million in volume.
Allfunds, a major European wealth tech firm, has started offering tokenized funds directly on the Solana blockchain.
The total number of distinct RWAs on Solana has climbed to 687.
Why Solana, and why now Tokenized assets need fast, cheap transactions. Solana’s sub-second finality and near-zero transaction costs make it a natural fit for instruments that need to feel like traditional finance.
Projects like Ondo Finance, which has become one of the most prominent names in tokenized Treasuries, have expanded their presence on Solana.
What this means for investors The RWA growth represents a meaningful shift in the composition of value on the network. A blockchain that hosts $3.1 billion in tokenized real-world assets looks fundamentally different, from a risk perspective, than one primarily known for speculative token launches.
The risk side of the equation is worth watching too. If a significant portion of the $3.1 billion is concentrated in a small number of products or issuers, the ecosystem could be more fragile than the headline number suggests. The 687 distinct RWAs provide some comfort on diversification, but concentration risk at the issuer level is harder to assess from aggregate data alone.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
While Bitcoin set numerous records on its journey to an all-time high of $126,000 in 2025, many altcoins remained below their previous peaks.
While many altcoin investors were expecting a major altcoin season like those seen in previous cycles, the rallies did not live up to that expectation.
At this point, expectations for the altcoin season are being reshaped, and this year’s altcoin market may be more selective rather than exhibiting the widespread rallies seen in past cycles.
According to the renowned American magazine Forbes, the largest altcoins by market capitalization—Ethereum, BNB, XRP, Solana, and Tron—are trading, on average, approximately 60% below their all-time highs.
Although the number of cryptocurrency investors worldwide has exceeded 740 million, the altcoin market has not yet fully recovered.
In this context, Forbes’ analysis argues that the new bull run will be led by projects with real-world use cases and profitability. Accordingly, among altcoins, projects with real revenue, an established user base, and clear use cases are attracting, and will continue to attract, relatively more interest.
At this point, Forbes analysts cited Hyperliquid (HYPE) and SOL as examples of these altcoins.
Speaking to Forbes, Jason Lindal, CEO of tokenization company Nebula DeFi, argued that money in the market will first flow into Bitcoin, then into altcoins with large market capitalization like Ethereum and Solana, and finally selectively into altcoins considered to be higher risk.
Speaking to Forbes, Stansberry Research analyst Eric Wade stated that the altcoin season is happening and will continue. However, he said the biggest mistake is treating altcoins as a single asset class.
Avalanche Treasury CEO Bart Smith also took a similar approach, stating that altcoins will not experience a traditional season and that the key questions in altcoin rallies are “What is its purpose and what problem does it solve?”. According to Smith, altcoins that cannot answer these questions will continue to struggle regardless of the macroeconomic environment.
Finally, Bitget CEO Gracy Chen also stated that it might be difficult for a traditional altcoin season to occur in this cycle, as in previous cycles.
*This is not investment advice.
Follow our Telegram and Twitter account now for exclusive news, analytics and on-chain data!
While Bitcoin set numerous records on its journey to an all-time high of $126,000 in 2025, many altcoins remained below their previous peaks.
While many altcoin investors were expecting a major altcoin season like those seen in previous cycles, the rallies did not live up to that expectation.
At this point, expectations for the altcoin season are being reshaped, and this year’s altcoin market may be more selective rather than exhibiting the widespread rallies seen in past cycles.
According to the renowned American magazine Forbes, the largest altcoins by market capitalization—Ethereum, BNB, XRP, Solana, and Tron—are trading, on average, approximately 60% below their all-time highs.
Although the number of cryptocurrency investors worldwide has exceeded 740 million, the altcoin market has not yet fully recovered.
In this context, Forbes’ analysis argues that the new bull run will be led by projects with real-world use cases and profitability. Accordingly, among altcoins, projects with real revenue, an established user base, and clear use cases are attracting, and will continue to attract, relatively more interest.
At this point, Forbes analysts cited Hyperliquid (HYPE) and SOL as examples of these altcoins.
Speaking to Forbes, Jason Lindal, CEO of tokenization company Nebula DeFi, argued that money in the market will first flow into Bitcoin, then into altcoins with large market capitalization like Ethereum and Solana, and finally selectively into altcoins considered to be higher risk.
Speaking to Forbes, Stansberry Research analyst Eric Wade stated that the altcoin season is happening and will continue. However, he said the biggest mistake is treating altcoins as a single asset class.
Avalanche Treasury CEO Bart Smith also took a similar approach, stating that altcoins will not experience a traditional season and that the key questions in altcoin rallies are “What is its purpose and what problem does it solve?”. According to Smith, altcoins that cannot answer these questions will continue to struggle regardless of the macroeconomic environment.
Finally, Bitget CEO Gracy Chen also stated that it might be difficult for a traditional altcoin season to occur in this cycle, as in previous cycles.
*This is not investment advice.
Follow our Telegram and Twitter account now for exclusive news, analytics and on-chain data!
Exponent Finance just rolled out the feature that traditional finance has used for decades but DeFi has largely ignored: risk tranching. The Solana-based yield exchange launched its V2 platform on June 24, introducing a system that lets users pick their poison, either principal protection with modest returns or a higher-risk bet chasing outsized yield.
The first market uses ONyc, a reinsurance asset from OnReFinance, split into two tranches. The senior tranche (srONyc) targets roughly 6.4% APY with downside protection baked in. The junior tranche (jrONyc) aims for around 31.4% APY, absorbing more risk in exchange for the juicier number. In English: senior tranche holders get paid first if things go sideways, while junior tranche holders eat the losses first but collect bigger rewards when things go well.
How the tranching mechanics work Think of it like a layered cake where the bottom layer takes all the weight. Junior tranche depositors essentially cushion the senior tranche above them. If the underlying yield underperforms, junior holders absorb the shortfall before senior holders feel anything. If it overperforms, junior holders capture the excess.
The alpha phase launches with a $2.5 million cap, a deliberate constraint designed to stress-test the system with real capital before scaling up. Launch rewards exceeding $200K are available to early participants.
Advertisement
Alongside the tranching product, V2 introduces Strategy Vaults and what Exponent calls an enhanced liquidity engine. Strategy Vaults are essentially pre-built portfolio positions that automate allocation across different yield opportunities. Rather than manually managing tranche positions, users can deposit into a vault that handles rebalancing according to a defined strategy.
Why this matters for Solana’s yield landscape The choice of a reinsurance asset as the first market is deliberate. Real-world asset (RWA) yields represent one of the fastest-growing segments in DeFi, and reinsurance specifically offers yield that’s uncorrelated with crypto market volatility. Pairing RWA yield with on-chain risk tranching creates a product that looks genuinely different from the usual lending-and-borrowing fare.
Exponent has been building toward this for a while. Since its mainnet launch in 2024, the protocol has recorded billions in trading volume without a security breach. The team has completed 12 tier-1 audits and allocated roughly $1 million specifically toward security measures.
On the funding side, Exponent has raised approximately $7.1 million in total. That includes a $2.1 million seed round in 2024 and a $5 million raise in April 2026.
What this means for investors Risk tranching isn’t a new concept in DeFi. Protocols like Tranche Finance and BarnBridge explored similar ideas during previous cycles, mostly on Ethereum. But adoption was limited, partly due to gas costs and partly because the underlying yield sources weren’t compelling enough to justify the added complexity.
For conservative investors, the senior tranche offers yield with a structural buffer against losses. For more aggressive participants, the junior tranche provides leveraged exposure to yield without the liquidation risk that comes with traditional leverage.
The $2.5 million cap on the alpha phase means this is still a small-scale experiment. Exponent plans to expand beyond the ONyc asset into other yield markets. The real test will be whether the tranching system maintains its target yields as more capital flows in and whether demand balances naturally between senior and junior tranches, because the whole structure depends on enough risk-hungry capital sitting in the junior layer to protect the conservative layer above it.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
The structural boundary separating multi-national cross-border fiat networks from decentralized consensus layers has eroded further. In a significant operational shift, global payments pioneer MoneyGram has officially transitioned from a consumer of blockchain utilities into an active network infrastructure operator by launching a live validator node on the Solana network. The technical deployment signals a deep evolution for the legacy remittance mainstay. After spending more than five years systematically embedding distributed ledger technology (DLT) and stablecoin settlement mechanics into its internal treasury systems, product development pipelines, and global payment operations, MoneyGram is now helping operate the underlying networks themselves. The firm will contribute directly to the cryptoeconomic security, transactional integrity, and block-production performance of one of the world’s highest-performing public blockchains.
From Software Integration to Network Operation MoneyGram’s activation on Solana does not represent an isolated IT experiment, but rather the scaling of a mature, multi-network infrastructure strategy. Solana marks the third prominent blockchain ecosystem where the global money transfer enterprise functions as an active network validator, following its established node operations on the Tempo and Midnight networks.
By operating its own validator architecture, MoneyGram moves past the standard industry practice of utilizing external third-party nodes to route digital liquidity. Instead, the institution shifts into a position where it actively processes, validates, and finalizes on-chain transactions. This structural change grants the payment utility first-hand oversight of network health and consensus mechanics, moving it deeper into the foundational architecture that dictates digital asset velocity.
Shaping the Institutional Developer Stack Simultaneously, MoneyGram has secured a position as an early adopter on the Solana Developer Platform. The collaborative environment is specifically engineered to allow global financial mainstays to iterate, test, and co-create production-grade enterprise blockchain tools. Within this dedicated development framework, MoneyGram joins other institutional heavyweights, such as Mastercard, who are collectively working to shape institutional blockchain infrastructure.
The convergence of global credit card networks and multi-national remittance entities onto the Solana Developer Platform highlights a growing macroeconomic trend. Established enterprise financial groups are increasingly abandoning isolated private sandboxes in favor of scalable, public ledger architectures that natively offer high throughput and low-latency execution fees.
The Architecture of Interoperable Settlement Ultimately, MoneyGram’s dual play on Solana underscores a long-term commercial thesis. The company’s multi-year engineering roadmap is explicitly aimed at fostering a global financial ecosystem anchored by asset-backed digital settlement that bypasses the friction points of traditional correspondent banking.
By operating the very node systems that process high-frequency global trades, MoneyGram is positioning its business model to lead the transition toward real-time, public-ledger settlement. The strategy effectively fuses a century of cross-border compliance, identity verification, and multi-currency liquidity management with the programmatic efficiency of open-source Web3 protocols. As institutional capital continues to migrate on-chain, the firm’s position as both a consumer transaction provider and a network validator provides a compelling template for the future of global money movement.
Whale Deposits Surge Nearly 6.5x in a Single DayLarge Shiba Inu ($SHIB) holders have sharply reversed course, moving a significant volume of tokens back onto centralised exchanges in a single session. In just 24 hours, investors transferred around 1.04 trillion SHIB to exchange addresses, almost 6.5 times higher than the previous day's deposit volume. The move marks a notable break from the accumulation trend that had defined much of the year.
Large holders have interrupted a months-long trend of asset accumulation and urgently returned tokens to centralised exchanges. For a long time, the market was dominated by a holding strategy, with coins steadily withdrawn to non-custodial cold wallets, which gradually reduced selling pressure and created the appearance of a supply shortage.
Reserves Rebound and Price Comes Under PressureCryptoQuant data reveals that the Exchange Reserve indicator, which measures the total volume of coins deposited in exchange wallets, showed a vertical rebound in just a few days to stand at 80.5 trillion units of SHIB. This sudden expansion of available supply had a direct and immediate impact on the token's valuation, with the price dropping toward the local level of $0.0000044.
A spike in exchange reserves alongside a price decline is a classic bearish signal for the spot market, confirming that distribution, or selling, is prevailing over accumulation at this moment. Large players appear to prefer temporarily abandoning long-term holding and moving volumes to trading platforms in order to lock in profits or hedge against the risks of a further market decline.
This kind of prolonged supply overhang could freeze any attempts by bulls to recover their previous positions for weeks, turning the recent upward impulse of late June into a prolonged defensive phase. Net inflows have turned positive, suggesting large holders are moving tokens closer to potential distribution rather than accumulation, meaning SHIB bulls may need to focus on defending key support levels before thinking about the next breakout.
Sources
U.Today: Shiba Inu Reserves Recover to 80 Trillion After Sudden 600% Inflow Spike
Crypto Economy: SHIB Sees Massive Inflow Spike as Reserves Recover to 80 Trillion Tokens
CryptoQuant: SHIB Exchange Flows
Cover image via depositphotos.com Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
Japanese crypto exchange Rakuten Wallet will launch the production of tangible Shiba Inu (SHIB) souvenir coins, and metal replicas of the meme coin will join the company's branded "Real Coin" lineup, which already includes physical versions of Bitcoin, Ethereum and Ripple.
The company plans to distribute this merchandise for free at offline events and exhibition booths, using hands-on interaction as the main marketing tool to attract 44 million users of its ecosystem.
The release of physical souvenirs continues the marketing campaign in which the brand is using popular meme tokens. Earlier, Rakuten Wallet launched the interactive "Photo Contest 2026" on X, giving away digital SHIB and DOGE for dog photos. Now the company is partially moving this activity offline — the metal coins are expected to make cryptocurrency easier to understand for a more conservative retail audience in Japan.
HOT Stories
Rakuten Wallet announcing launch of physical Shiba Inu (SHIB), Source: XTo retain these users, Rakuten has also integrated SHIB into its Rakuten Pay payment system, making the digital asset available for payments at 5 million partner merchant locations.
How a 2025 regulatory green light triggered the Shiba Inu coin retail boom in JapanThese steps intensify Rakuten's competition with another Japanese retail giant — the marketplace Mercari and its crypto division Mercoin. Mercari has already integrated SHIB trading into its C2C app, allowing 23 million customers to buy the token from as little as 1 yen, using loyalty points or proceeds from selling second-hand goods.
According to Mercoin's financial reporting, this approach helped it attract 4 million users, or about 30% of all crypto accounts in Japan, and for 85% of them, this was their first experience with digital assets.
You Might Also Like
This kind of activity by major retailers is noticeably changing the landscape of the local crypto market, which for a long time remained almost entirely controlled by specialized exchanges. The mass use of SHIB in commercial campaigns became possible after the local regulator, the JVCEA, added the token to the official "Green List" of approved assets in November 2025.
Now major corporations are definitively rebuilding the industry around themselves, turning cheap meme tokens into familiar digital merchandise and a loyalty tool.
Kalshi has added perpetual futures contracts for Zcash ($ZEC), NEAR Protocol ($NEAR), Dogecoin ($DOGE), and Shiba Inu ($SHIB) to its platform, the latest step in a rapid expansion of the prediction market operator's regulated derivatives business.
Four New Contracts, 13 Crypto Assets Total The additions bring the total number of supported crypto assets to 13, alongside Bitcoin and other altcoins. Zcash perpetuals are offered with up to 2x leverage, while NEAR contracts allow leverage of up to 2.6x. Shiba Inu's perpetual contract, listed under the ticker KSHIB, also carries a maximum leverage ratio of 2x.
The contracts trade under Kalshi's American Perpetuals label, a product line that never expires and instead settles through periodic funding payments between traders. The contracts are available through a structure approved by the U.S. Commodity Futures Trading Commission and do not carry expiration dates.
Kalshi opened its perpetuals push in late May with Bitcoin, the first such contract ever cleared for trading on a U.S. venue. Ethereum, XRP, Solana, and Hyperliquid followed through June under the same regulated framework. Kalshi is the first company in U.S. history to offer regulated perpetual futures to American traders.
Some Contracts Still Awaiting CFTC Sign-Off Kalshi has already secured approval for most of its filed products, though contracts linked to Stellar, Polkadot, and Hedera remain under review by the CFTC. Because such products may vary significantly depending on the assets they reference, the Commission took the view that a voluntary, case-by-case review process under Regulation 40.3 is the appropriate route for listing perpetual contracts, rather than self-certification.
The approvals came despite CME Group's lawsuit against the U.S. CFTC and its chairman, alleging that these contracts are swaps. The SEC and CFTC are also requesting public comments to clarify and harmonize definitions of derivatives products, especially swaps.
Last year, crypto exchanges processed $86 trillion in perpetual futures volume, according to data from CoinGecko. The bulk of that activity has historically taken place on offshore platforms, making Kalshi's regulated onshore offering a notable structural shift for U.S. traders.
Sources:
crypto.news: Kalshi launches Zcash and SHIB perps as lawsuit heats up
CFTC: Order for Approval of Kalshi BTCPERP Contract
CoinDesk: U.S. CFTC opens crypto perp door with approval of first regulated firm
Rakuten Wallet said it is preparing a physical Shiba Inu coin for its “Real Coin” series, adding SHIB to a lineup that already includes Bitcoin, Ethereum, and XRP replicas.
Summary
Rakuten Wallet is turning SHIB into physical merchandise as Japan retail crypto campaigns expand. The SHIB campaign offers small token rewards to users who meet spot trading thresholds. SHIB remains under pressure, trading near $0.0000044 after weekly and monthly losses. The company said the earlier coins were well received at event booths and that the SHIB version is now in production.
The coin is a souvenir item, not a blockchain asset. Rakuten Wallet framed it as part of its offline engagement strategy, where users can see and handle crypto-themed replicas at events. The company did not give a release date for the SHIB coin.
The move gives Shiba Inu another retail-facing role in Japan. Instead of only appearing on trading screens, SHIB is being used in branded campaigns, rewards, and physical merchandise.
Rakuten Wallet is part of Rakuten Group, one of Japan’s largest consumer internet companies. That gives SHIB exposure to a wider audience than crypto-only platforms usually reach.
— 楽天ウォレット (@Rakuten_Wallet) June 25, 2026 SHIB campaign adds token rewards Rakuten Wallet is also running a SHIB campaign tied to spot trading activity. Users who trade more than 30,000 yen in spot crypto can receive 500,000 SHIB, worth about 500 yen. Users who trade more than 100,000 yen can receive an additional 1,000,000 SHIB, worth about 1,000 yen.
The offer is small, but it shows how Japanese platforms are using meme coins as rewards. SHIB’s low unit price makes it easy to distribute large token amounts in low-value campaigns. That can make the reward feel more visible to retail users.
As crypto.news reported, Rakuten Wallet recently launched a dog photo contest that rewarded selected users with SHIB and DOGE. That campaign linked meme coins to pet photos, social sharing, and simple user activity.
The same report said Rakuten Wallet added SHIB and DOGE to its supported assets earlier this year. It also noted that Rakuten’s wider consumer ecosystem gives listed tokens access to a known retail brand in Japan.
Japan retail crypto rails grow The SHIB replica coin follows other crypto moves by Rakuten-linked services. As crypto.news reported, Rakuten Wallet added XRP features that allow users to convert loyalty points into XRP and use the asset for QR payments at more than 5 million merchant locations in Japan.
That earlier report said Rakuten Pay had about 44 million active users. It also noted that Rakuten’s loyalty ecosystem has more than 3 trillion points in circulation, giving crypto campaigns a large consumer base.
Previously, crypto.news explored how SBI, Rakuten, and Nomura were preparing crypto investment trusts in Japan. The report showed that major financial and consumer brands are moving crypto closer to mainstream investment and payment products.
Japan has also been working on tax and market rule changes for digital assets. In a previous article, crypto.news discussed Japan’s path toward a 20% crypto tax rate, which could place crypto gains closer to the treatment of financial products.
SHIB price remains weak The marketing push comes as Shiba Inu remains under price pressure. According to crypto.news price data, SHIB traded near $0.0000043-$0.0000044 on June 25. The token was down over 9% for the week and more than 20% over the past month, based on the latest market data.
Shiba Inu (SHIB) price chart, source: crypto.news SHIB’s market cap stood near $2.5 billion to $2.6 billion, while 24-hour trading volume was around $74 million to $80 million. The token remains far below its October 2021 all-time high of $0.0000862.
The price action shows that retail campaigns do not automatically change market direction. SHIB still trades with the broader meme coin market, where risk appetite, liquidity, and Bitcoin’s trend often drive short-term moves.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
Wynn Calls SHIB a Relic of a Bygone CycleTrader and analyst @JamesWynnReal has issued a blunt verdict on Shiba Inu ($SHIB), characterising the legacy meme token as "old, dead, and boring." In comments shared on June 25, Wynn argued that $SHIB has been left behind by a market that has structurally moved on from the 2021-era playbook.
Wynn went further, alleging that the Shiba Inu development team executed a strategic cash grab through the $BONE ecosystem, suggesting retail participants were steered into a liquidity trap. $BONE sits at the centre of the ShibaSwap exchange, serving as the ecosystem's middle link through which SHIB holders provide liquidity to earn BONE rewards. Critics like Wynn view this structure as one that extracted value from retail buyers rather than delivering it.
Wynn first rose to prominence as a high-risk leverage trader and memecoin maxi, parlaying a small position into tens of millions of dollars. He built his fortune on the very dynamics he now criticises: thin-liquidity tokens, community-driven hype, and reflexive leverage.
The Numbers Behind the NarrativeThe bearish case for $SHIB is not purely rhetorical. Its price has fallen more than 32% so far this year and is down 95% from its all-time high set in 2021. Shiba Inu has suffered a steady decline over the last 18 months and has even recently lost its place as the second-largest meme coin, a position now held by MemeCore.
As the cryptocurrency market matures, investor focus has shifted from mere speculation toward projects with greater utility and real-world applications. That shift is precisely what Wynn argues leaves legacy tokens like $SHIB stranded. Wynn has stated he is "pretty sure meme coins are dead" and doubts they will fully recover, arguing that market caps will be severely diluted due to saturation of what was once a niche asset class.
The Shiba Inu team has made efforts to counter the narrative. The $SHIB ecosystem has expanded to include a decentralised exchange called ShibaSwap and a Layer 2 network called Shibarium, providing some utility to the token. However, ShibaSwap has posted less than $100,000 in 24-hour trading volume, and activity on Shibarium has generally sat between roughly 1,000 and 5,000 transactions per day this month. For context, competing Layer 2 networks such as Polygon and Base regularly process over 7 million transactions per day.
Wynn's broader point is that the meme-coin meta has evolved. New 2026-era market structures, built around more sophisticated tokenomics and real on-chain utility, are drawing the capital and attention that older tokens once commanded. Whether $SHIB can adapt or will remain a 2021 artefact is the question the market is now quietly answering through price.
Sources:
Crypto.news: James Wynn says the easy-money era is over for memecoins
FXStreet: Is Shiba Inu dead or just in a crisis?
The Motley Fool: Is Shiba Inu still worth buying?
Cover image via U.Today Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
Dog-themed cryptocurrency Shiba Inu (SHIB) is quietly approaching a new milestone in its holder count, with the latest increase pushing it closer to the 1.6 million mark.
The latest push comes as Shiba Inu saw its biggest daily gain in new holders so far this month.
According to Etherscan SHIB, an X account that provides SHIB stats and real-time insights for the ecosystem, Shiba Inu just saw its largest daily increase in new holders in June, with 575 addresses added.
HOT Stories
The total number of Shiba Inu on-chain holders has now reached 1,591,792 addresses, with 8,208 left for it to reach the 1.6 million mark.
You Might Also Like
The latest increase suggests that Shiba Inu's on-chain holder base is quietly growing despite the current bearish conditions. The cryptocurrency market is experiencing a bear market that has lasted over eight months, fueled by both macroeconomic and industry-specific headwinds.
Shiba Inu fell to multi-year lows near $0.000004, around where it currently trades.
Crypto market faces fresh selloffAt the time of writing, SHIB was down 4% in the last 24 hours to $0.000004365, even as the crypto market extended its selloff ahead of the inflation data release on Thursday.
You Might Also Like
$1 billion in positions were liquidated across the crypto market in the last 24 hours, according to CoinGlass data. Long positions, or bets on higher prices, accounted for the majority, while short liquidations totaled $222 million.
Traders are watching Thursday's Personal Consumption Expenditures (PCE) data, the Fed's preferred price gauge, for clues on potential interest rate decisions that could impact the markets.
Shiba Inu remains at a critical level in terms of broader market structure. A potential break lower in price could trigger a slide to around $0.000003. For now, Shiba Inu appears to have stabilized near the $0.000004 range.
The primary upside catalyst for the broader crypto industry in the months ahead is the CLARITY Act, which has about five weeks to clear a key legislative hurdle before Congress's summer recess.
"Shib is old, dead and boring. Maybe in 5-10yrs a bit of nostalgia will bring it back," James Wynn stated.
The self-proclaimed Dogecoin killer followed the red wave sweeping through the broader crypto market, with its price collapsing to its lowest level since May 2021.
In a sudden twist of events, though, it reclaimed its position as the second-biggest meme coin.
Trailing Behind DOGE Again SHIB has slipped by another 15% over the past week and currently trades at around $0.000004104 (per CoinGecko). Perhaps the most evident reasons for the pullback are the bearish conditions across the entire market and waning interest in the meme coin niche.
Other potential factors include the recent whale activity. The X account BSCN revealed that a Shiba Inu investor who purchased 17.4% of the token’s supply in August 2020 for less than $14,000 has moved 600 billion SHIB (worth $2.83 million) to a ForwarderV4 address.
While some interpreted the move as a pre-sale step, BSCN clarified that nothing has been confirmed yet and promised to unveil further details in time. The X account also noted that the whale’s position was worth a whopping $9.1 billion when SHIB’s price reached an all-time high in 2021.
Speaking on the meme coin was also James Wynn. The trader, known for his highly risky crypto bets, described the asset as “old, dead, and boring,” predicting a potential revival in 5-10 years when “a bit of nostalgia” can bring it back.
Despite its price slump, SHIB has once again secured its position as the second-largest meme coin. This happened after MemeCore (M) nosedived by 76% in a single day amid allegations of manipulation. Dogecoin (DOGE) remains the undisputed leader of the niche with a market capitalization of almost $11.5 billion, while SHIB has less than $2.5 billion.
You may also like: Whales Can’t Get Enough of Meme Coins as FLOKI Explodes 950% DOGE, SHIB, PEPE Explode: Is Meme Coin Frenzy Back in Full Force? More Pain Ahead? The crypto market’s conditions remain unstable (to say the least), which could result in further declines for SHIB in the near term. The rising amount of tokens stored on crypto exchanges is another bearish factor.
Earlier in June, the figure dropped to a five-year low, but since then it has headed north sharply, suggesting that investors have been abandoning self-custody solutions and moving to centralized platforms, thereby increasing the likelihood of an additional sell-off.
A set of four rare on-chain indicators tracked by hedge fund Hyperion Decimus has aligned for only the sixth time in bitcoin’s history, a pattern that previously coincided with market bottoms.Portfolio manager Chris Sullivan said bitcoin is likely either to break above a key $82,000 resistance level or fall to as low as $48,000 in a final capitulation within 90 days before a new uptrend can be confirmed.Sullivan argued that structural changes in U.S. spot bitcoin ETFs and improvements in onchain fundamentals are more important than bearish narratives, even as he maintains that the bear market pattern has not yet fully completed.Bitcoin BTC$59,249.85 could be approaching a major turning point after a rare combination of onchain indicators flashed signals that have historically coincided with market bottoms, according to Chris Sullivan, co-founder and portfolio manager at digital asset hedge fund Hyperion Decimus.
In a recent report, the hedge fund explained that four proprietary onchain signals have aligned only five times during bitcoin's 15-year history. Each previous occurrence marked a cycle bottom, although Sullivan cautioned that this time still lacks final technical confirmation.
"We have literally like every box checked, except for a final pattern," Sullivan said in an interview with CoinDesk. "Either we have to break above the $82,000 pivot to confirm, or we have one final low, call it between $54,000 and $57,000. Perhaps a wick to $48,000 to capitulate. One of those two conditions we expect to happen in the next 90 days."
If either scenario unfolds, Sullivan believes bitcoin could quickly diverge from broader financial markets. The crypto asset is trading at $59,386 after losing 23% over the past month, extending its divergence from U.S. equities, which had climbed to record highs before also coming under pressure this month.
The firm's outlook stands in contrast to cautious market sentiment following months of subdued price action. Many popular crypto voices online have voiced concern about the future of the largest crypto asset on the market.
Billionaire hedge fund manager Philippe Laffont earlier this week said he has become "a little bit more worried" about bitcoin's future, especially with increasing opportunities for risk investments. Last month, billionaire investor Mark Cuban said he sold most of his bitcoin as it failed to act as a hedge during geopolitical turmoil and dollar weakness.
But Sullivan argues investors have become too focused on narratives rather than market mechanics.
"Narrative is nothing more than people trying to explain why a condition exists or persists instead of asking the correct question, which is how," he said.
One of the biggest puzzles, according to Sullivan, is bitcoin's breakdown in its historical relationship with global liquidity.
He said bitcoin previously tracked changes in global money supply, or global M2, with a relatively high degree of correlation. That relationship has now diverged for roughly nine months, according to his data.
That disconnect extends beyond bitcoin, with Sullivan noting that precious metals have also failed to respond as historical macro relationships would suggest.
Instead of macroeconomics, he believes structural changes in crypto markets since the launch of U.S. spot bitcoin ETFs have altered price behavior and created a market structure that suppresses volatility by encouraging hedging activity.
Despite muted prices, Sullivan sees several fundamental indicators improving beneath the surface. He pointed to rising wallet activity, growing bitcoin holdings moving off exchanges and continued strength in network metrics.
"The backdrop of anybody who pays attention to on-chain for astute patient prudent capital for raw beta exposure, it's about as attractive a risk reward as we're going to see," he said.
Still, Sullivan stressed that he does not believe the bear market has definitively ended. "I do not think the bear market is over, because I'm looking at the fractals," he said. "I want to see a completed pattern. I do not see that yet."
Until bitcoin either reclaims key resistance near $82,000 or experiences what Sullivan views as a final capitulation, he expects investors to remain skeptical, even as the data increasingly points toward a potential turning point.
A set of four rare onchain indicators tracked by hedge fund Hyperion Decimus has aligned for only the sixth time in Bitcoin's history, a pattern that previously coincided with market bottoms. The development is drawing attention from investors watching for signs that the current cycle is nearing a resolution.
Two Paths, 90 DaysPortfolio manager Chris Sullivan says $BTC is likely either to break above a key $82,000 resistance level or fall to as low as $48,000 in a final capitulation within 90 days before a new uptrend can be confirmed.
Sullivan argued that structural changes in U.S. spot Bitcoin ETFs and improvements in onchain fundamentals are more important than bearish narratives, even as he maintains that the bear market pattern has not yet fully completed. He is particularly focused on what he sees as a shift in market mechanics since the launch of spot ETF products, arguing they have altered price behavior in ways that traditional macro frameworks do not capture.
One of the biggest puzzles Sullivan highlights is Bitcoin's breakdown in its historical relationship with global liquidity. He says $BTC previously tracked changes in global money supply, or global M2, with a relatively high degree of correlation, but that relationship has now diverged for roughly nine months according to his data.
Fundamentals Improving, But No All-Clear YetDespite muted prices, Sullivan sees several fundamental indicators improving beneath the surface, pointing to rising wallet activity, growing Bitcoin holdings moving off exchanges, and continued strength in network metrics.
Still, Sullivan stressed that he does not believe the bear market has definitively ended. "I do not think the bear market is over, because I'm looking at the fractals," he said. "I want to see a completed pattern. I do not see that yet."
Until Bitcoin either reclaims key resistance near $82,000 or experiences what Sullivan views as a final capitulation, he expects investors to remain skeptical, even as the data increasingly points toward a potential turning point.
This is not financial advice. Always conduct your own research before making investment decisions.
Sources:
CoinDesk: Quant fund says Bitcoin is near a major inflection point as rare onchain signals align
From Meme to Multi-Vertical Ecosystem@Floki turns five years old today, and the project looks markedly different from the community-driven meme asset it started as in June 2021. Since its launch, the project has evolved beyond its meme origins to develop a multi-faceted ecosystem including decentralized finance products, NFT marketplaces, and metaverse gaming initiatives. At the core of that buildout sits the Valhalla play-to-earn metaverse, the @FlokiFi locker suite, and the @TokenFi platform, which is targeting the tokenized real-world asset market.
TokenFi is the RWA tokenization platform built by the Floki team and governed by the Floki DAO, powered by its own separate token ($TOKEN). The $FLOKI trading bot also contributes directly to token economics: the Telegram and Discord-based trading bot routes 50% of its fees directly to buy-and-burn, creating real deflationary pressure that is modest but genuine.
The ecosystem incorporates deflationary mechanisms more broadly, with a percentage of fees from products like the FlokiFi Locker and the trading bot used to buy back and permanently burn $FLOKI tokens, reducing overall supply over time.
Institutional Push and the ETP PlayThe most significant strategic development of the past year has been @Floki's move into regulated financial products. The Valour Floki SEK ETP, now trading on Sweden's Spotlight Stock Market, provides both retail and institutional investors with regulated exposure to $FLOKI without requiring direct ownership of the digital asset. It also represents the first ETP linked to a project built on the BNB Chain other than Binance's own token.
Valour's ETP products are fully hedged by underlying digital assets, with custody handled by licensed institutions including Copper, and the company's base prospectuses are approved by the Swedish Financial Supervisory Authority. A second ETP targeting Switzerland's SIX Swiss Exchange is also in the pipeline. In the project's June 2026 AMA, Floki's core advisor noted that the team has ticked up practically all the boxes for the SIX ETP to go live, but sustainably improved market conditions are needed before it launches.
@Floki also achieved a key regulatory milestone by registering a MiCAR-compliant white paper with ESMA, enabling access to all EU-regulated platforms. The EU ETP listing and MiCAR compliance are distinctions that Dogecoin and Pepe do not have, with Floki leaning into regulation rather than running from it.
The project's five-year arc illustrates an increasingly common pattern in crypto: a meme-origin token attempting to underpin speculative community energy with durable on-chain infrastructure. Whether the utility thesis ultimately drives price recovery remains an open question, but the institutional groundwork being laid today sets a different baseline than most meme-era projects can claim.
Sources:
Floki Monthly AMA with B, June 2026 (Floki Official Blog)
Valour Launches First Regulated ETP for Floki Token in Europe (FW Business)
Floki ETP Receives Liquidity Approval from its DAO (BeInCrypto)
Binance will delist the IPUSDT and IPUSDC USDT-margined perpetual contracts due to the rebranding of the Story brand.
Per an official announcement, following the rebranding of the Story (IP) brand to Data Network, Binance will automatically liquidate IPUSDT and IPUSDC U-margined perpetual contracts at 17:00 CST (UTC+8) on June 28, 2026, and remove these perpetual contract trading pairs after liquidation concludes. Users are advised to close their positions voluntarily before trading is suspended to avoid automatic settlement of their positions. Starting from 16:30 CST (UTC+8) on June 28, 2026, users will no longer be able to submit new non-reduce-only orders for the aforementioned perpetual contracts. A separate announcement will be released when the new contract goes live.
37 minutes ago
Sources: Israeli military withdrawal from Lebanon is an important "red line" for Iran.
Local time on June 25, a source close to the negotiation team said that Israel's withdrawal from Lebanese territory is one of the conditions for a final Iran-US agreement, and is regarded as an important "red line" by Iran's negotiation team. The source further stated that the final memorandum of understanding will guarantee Lebanon's sovereignty and territorial integrity. The agreement text previously reached in Switzerland already emphasized a "conflict resolution mechanism" that is participated in and uniformly implemented by Iran. Iran is currently following up on the specific implementation timeline. (CCTV)
37 minutes ago
Apple's stock price fell by 6%, marking its largest decline since April 2025.
According to Bitget's market data, Apple's stock price fell by 6%, marking its largest decline since April 2025.
37 minutes ago
Analyst: Bitcoin falls below $60,000, but institutions and whales are not continuing to bet on further declines.
Greeks.live macro researcher Adam posted on X: "Tomorrow is the quarterly expiry, and Bitcoin has dipped below $60,000. As seen in the GEX chart, $60,000 is clearly the highest open interest price point. Meanwhile, large positions are also starting to accumulate at $58,000 and $59,000, signaling rising market risk. Institutional investors and major holders have not continued to bet on a downward move; they are just waiting for the expiry."
37 minutes ago
TD Cowen Analyst: SpaceX May Acquire T-Mobile
TD Cowen analysts said SpaceX could acquire T-Mobile to accelerate its wireless communication ambitions if a network sharing agreement cannot be reached. The report points to Starlink’s existing partnership with T-Mobile US as a strategic fit. This idea is purely speculative, but it underscores the growing competitive pressure the space exploration firm faces in the telecom industry.
PeckShield, a blockchain security company, has warned that Gnosis's official X account has been compromised. Until the issue is fixed, users are strongly advised not to interact with any posts, links, reward campaigns, voting announcements, or wallet connection requests coming from the account.
According to the malicious post that is currently up on the Gnosis account, Gnosis users can take part in a rewards vote and receive an early bonus if they vote within the first 24 hours. This is a classic phishing technique meant to instill a sense of urgency and coerce users into clicking on phony links before confirming their legitimacy.
One of the most common attack methods in the cryptocurrency sector is still compromised social media accounts. Hackers frequently use reputable project accounts to advertise phony staking opportunities, token claims, governance votes, and airdrops. Funds can be depleted in a matter of seconds after victims connect their wallets and sign malicious transactions.
You Might Also Like
HOT Stories
Do not interact with the compromised account if you use Gnosis. Never sign transactions, connect your wallet, click links, or divulge personal information. If users have already interacted with the phishing website, they should revoke wallet approvals right away and, if necessary, transfer assets to a secure wallet.
For the first time in eight years, Render Network doesn’t have enough GPUs to go around. The decentralized compute platform recorded negative GPU supply availability in Q2 2026, meaning demand for processing power officially outstripped every node the network could throw at it.
The last time this happened was 2018, when Render was a fraction of its current size.
The numbers behind the shortage Render onboarded roughly 60,000 new GPUs across 180 countries in just six months. Every single one was fully utilized immediately upon joining the network.
Advertisement
AI workloads now account for 35-40% of all network activity, a dramatic leap from under 10% in 2024. The network currently reports approximately 5,600 active GPU nodes handling both rendering and AI compute tasks.
Token burns and the deflationary math Render operates on a Burn-and-Mint Equilibrium model, or BME. When someone purchases compute on the network, tokens are burned. When node operators provide GPU power, new tokens are minted as compensation.
Token burns surged 279% year-over-year, which serves as a direct proxy for how much compute is actually being purchased on the platform.
Why AI changed the equation Render Network originally built its reputation on 3D rendering. Artists, studios, and creators used the decentralized network to process visual effects and animation work. The jump from sub-10% to 35-40% of network activity in roughly two years reflects AI model training, inference, and fine-tuning consuming GPU capacity at unprecedented rates.
Centralized cloud providers like AWS, Google Cloud, and Azure have faced their own GPU shortages over the past two years, pushing some developers and companies toward decentralized alternatives.
What this means for investors The risk side deserves attention. Negative GPU supply means the network is capacity-constrained, which could push potential customers toward competitors if wait times become unacceptable. Decentralized GPU compute is an increasingly crowded space, with projects like Akash Network and io.net also vying for market share.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Welcome to today's Daily Alpha Drop. Our research team has isolated three major high-conviction narratives driving massive market volume today. From infrastructure scaling milestones to landmark regulatory expansions and large-scale private accumulation, these assets showcase immense resilience against choppy macro conditions.
Asset 1: Bittensor ($TAO): Native Interoperability Meets Next-Gen Tech ContendersBittensor ($TAO) continues to build out deep utility layers, shifting from a standalone network to an interconnected decentralized infrastructure titan.
The Momentum Catalyst: THORChain has officially announced a native $TAO integration. This milestone enables completely trustless, decentralized cross-chain swaps without relying on risky wrapped tokens or centralized bridge custodians. Due to this foundation upgrade, top analysts are grouping TAO closely with Render ($RNDR) and Ondo ($ONDO) as premium contenders positioned to lead the next major expansionary phase of the market.The Performance Metrics: TAO is currently trading at $219.24. It holds a robust market capitalization of $2.1B, supported by an active 24-hour liquidity turnover of $176M.Asset 2: Ripple ($XRP): Milestone MiCA Clearances & Flawless ETF InflowsRipple ($XRP) is cementing unprecedented institutional dominance through compliance, separating itself entirely from less regulated competitors ahead of upcoming structural deadlines.
The Momentum Catalyst: Ripple has secured a preliminary Crypto Asset Service Provider (CASP) license under Europe's strict MiCA framework. This green light effectively unlocks fully regulated crypto services for banks, fintech networks, and corporate users across all 30 EEA countries. Simultaneously, the spot XRP ETF market is exhibiting historic demand; products have logged zero net outflow days since March 6, pushing total cumulative net inflows past a staggering $1.45B.The Performance Metrics: XRP is firmly trading at $1.07. It commands a massive market capitalization of $66B with a high-velocity 24-hour trading volume of $2.12B.Asset 3: Hyperliquid ($HYPE): Whale Accumulation Flashes Massive Long-Term SignalsHyperliquid ($HYPE) is asserting itself as an absolute volume black hole, demonstrating incredible relative strength as traders prioritize deep, decentralized on-chain liquidity engines.
The Momentum Catalyst: Large-scale market participants are aggressively staking their long-term claims. On-chain data revealed a prominent whale withdrawing 278K HYPE tokens (worth roughly $17.45M) into a private custody wallet, flashing a strong long-term conviction and supply-sink signal. Even within a broader down-market environment, Hyperliquid continues to aggressively clear massive buyer demand while registering $170B in monthly trading volume across its native order book infrastructure.The Performance Metrics: HYPE is trading at $63.32. The asset features a market capitalization of $14B, backed by a massive daily volume profile of $795M.Final Thoughts: Own the Future, Trade SmartNavigating modern liquidity rotations requires keeping your finger directly on structural data triggers. Whether it's the elimination of cross-chain bridge risks via native TAO integrations or the steady, non-stop institutional bids backing XRP, smart money leaves distinct footprints.Execute your trades across these highly volatile assets utilizing WOO X’s deeply consolidated order book infrastructure to minimize execution slippage and trade with a professional edge.
Trade Smart, Own the Future.
Disclaimer: This research briefing is for informational and educational purposes only and does not constitute financial, trading, or investment advice. Always manage your capital parameters safely.
Key Facts CertiK announced on 25 June 2026 that it has joined the XDC Network as an institutional masternode validator. Under an agreement between the two organisations, CertiK will deploy and operate validator nodes via its enterprise node solution, CertiK SkyNode. The deployment uses a multi-region sentry node architecture with redundant failover, 24/7 vulnerability scanning, automated threat mitigation and node-level penetration testing. XDC Network’s hybrid architecture combines public transparency with private subnetwork capabilities, targeting institutional settlement, trade finance and RWA tokenisation. Quoted are Atul Khekade, Co-founder of XDC Network, and Ronghui Gu, Co-Founder and CEO of CertiK; other XDC institutional validators include Deutsche Telekom, SBI Holdings, Animoca Brands and HashKey Cloud. CertiK has joined the XDC Network as an institutional masternode validator, the Web3 security firm announced on 25 June 2026. Under an agreement between the two organisations, CertiK will deploy and operate validator nodes through its enterprise node solution, CertiK SkyNode — embedding security controls directly into the infrastructure layer that underpins XDC’s push into enterprise blockchain, trade finance and real-world asset tokenisation.
What CertiK brings as a validator As an institutional masternode validator, CertiK leverages its SkyNode infrastructure to run continuous, proactive defences rather than passive node operation. That includes 24/7 vulnerability scanning, automated threat mitigation and node-level penetration testing — applying the auditing and security discipline CertiK is known for to the validator role itself.
The operational architecture is built for institutional uptime requirements. CertiK is deploying a multi-region sentry node setup with redundant failover protection, engineered to maintain uninterrupted consensus continuity and high availability during peak network congestion. SkyNode already operates validator or full nodes across more than 11 chains, with the nodes it hosts securing over US$1.2 billion in staked tokens — a track record CertiK now extends to XDC.
Why XDC’s architecture fits the use case XDC Network is an enterprise-grade, EVM-compatible Layer 1 designed specifically for trade finance and the tokenisation of real-world assets. Its hybrid architecture combines public-chain transparency with private subnetwork capabilities, allowing institutions to settle and tokenise assets with the auditability of a public ledger but the confidentiality controls that regulated finance requires.
By participating as a validator, CertiK embeds security directly into that infrastructure layer, mitigating operational and network-related risks. The fit is logical: trade finance and RWA settlement demand rigorous risk management and operational resilience, and CertiK’s core competency is precisely the security assurance that institutional counterparties scrutinise before committing to a network.
Executive comments Atul Khekade, Co-founder of XDC Network, framed CertiK’s participation as a credibility signal to institutions weighing long-term infrastructure decisions. “CertiK is one of the most recognized names in blockchain security, and having them validate our network is a meaningful signal to institutions,” he said. “This is not just a technical partnership. It is a statement about the standard of infrastructure we are building for enterprise finance. The institutions moving into trade finance and asset settlement are making long-term infrastructure decisions, and we want XDC Network to be the answer they keep coming back to.”
Ronghui Gu, Co-Founder and CEO of CertiK, positioned the move around the convergence of traditional and digital finance. “CertiK is honored to join the XDC Network as an Institutional Masternode Validator,” he said. “Traditional trade finance and RWA tokenization require rigorous risk management, strong security foundations, and operational resilience. Through this collaboration, we are bringing our security and infrastructure expertise to help strengthen the network and support the trusted infrastructure needed for institutional adoption.”
Validator identity as the new benchmark The partnership reflects a shift in how enterprise blockchain adoption is being measured in 2026. Where earlier cycles tracked wallet growth, transaction counts and pilot announcements, the emerging benchmark is validator identity — who actually operates the networks that institutions may rely on for settlement and tokenisation. Financial institutions and regulators increasingly assess governance standards, operator accountability and jurisdictional alignment alongside raw technical performance.
XDC has leaned into that model deliberately, prioritising recognised operators with institutional standing over a large anonymous validator base. Beyond CertiK, its institutional validators include regulated financial institutions, global telecoms and Web3 leaders such as Animoca Brands, BCW Group, Blueprint, Clearpool, Credora, Deutsche Telekom, HashKeyCloud, Hivemind Digital Group, InvestaX, IXS, RedStone, Republic Crypto, SBI Holdings, StakeFi and UOB Venture Management. CertiK’s addition strengthens that roster with a security specialist — arguably the most directly relevant discipline for a network targeting regulated finance.
Context: CertiK’s infrastructure expansion The XDC role continues CertiK’s expansion from audit-led security toward operational blockchain infrastructure. The company has been building out node and validator services through SkyNode while extending into AI-focused security, including its recent Skill Scanner for AI agents and ongoing regulatory research such as its Skynet stablecoin threat reports. The throughline is a move from assessing security after the fact toward operating secure infrastructure directly.
For both parties, the logic is complementary: XDC gains a security-specialist validator that reinforces its institutional positioning, and CertiK extends its node business onto a network purpose-built for the regulated trade finance and RWA use cases where its security expertise carries the most weight.
FAQ What does CertiK joining XDC Network as a validator involve?
CertiK has joined XDC Network as an institutional masternode validator, deploying and operating validator nodes through its enterprise CertiK SkyNode solution. The setup runs continuous vulnerability scanning, automated threat mitigation and node-level penetration testing, using a multi-region sentry node architecture with redundant failover to maintain consensus continuity and high availability.
Why is XDC Network focused on institutional validators?
XDC Network targets trade finance, institutional settlement and real-world asset tokenisation, use cases that require governance standards and operator accountability closer to traditional financial markets than open retail networks. By prioritising recognised institutional validators — including Deutsche Telekom, SBI Holdings and now CertiK — rather than an anonymous validator base, XDC aims to give banks, enterprises and regulators confidence in the network’s operational integrity.
What is CertiK SkyNode?
SkyNode is CertiK’s enterprise blockchain node and validator service. It operates validator or full nodes across more than 11 chains, applying CertiK’s auditing and penetration-testing expertise to validator operations through security hardening, continuous monitoring, encryption, key management and geographic redundancy.
CertiK’s addition to XDC’s validator set is a small but telling marker of where institutional blockchain competition is heading: not toward the networks with the most transactions, but toward those whose operators can satisfy the governance, security and resilience standards that regulated finance demands. As validator identity becomes a primary signal of institutional readiness, partnerships pairing security specialists with enterprise-focused chains are likely to become a defining feature of the next adoption cycle. This article is informational and does not constitute investment advice.
NEW YORK, June 25, 2026 – Web3 security firm CertiK has become an Institutional Masternode Validator on XDC Network, expanding its role from blockchain security into network infrastructure for enterprise blockchain applications.
The companies announced the collaboration alongside the signing of a Memorandum of Understanding (MoU), under which CertiK will deploy and operate validator nodes through its enterprise infrastructure platform, SkyNode. The validator deployment is intended to support the security, availability, and decentralization of XDC Network, which is designed for enterprise settlement, trade finance, and real-world asset (RWA) tokenization.
Unlike public blockchains built primarily for retail use, XDC Network combines a public blockchain with private subnetworks, allowing institutions to process sensitive transactions while maintaining on-chain transparency where appropriate. As an Institutional Masternode Validator, CertiK will help secure this infrastructure by operating network validators and applying security controls aimed at reducing operational risk.
“CertiK is one of the most recognized names in blockchain security, and having them validate our network is a meaningful signal to institutions. This is not just a technical partnership. It is a statement about the standard of infrastructure we are building for enterprise finance. The institutions moving into trade finance and asset settlement are making long-term infrastructure decisions, and we want XDC Network to be the answer they keep coming back to” said Atul Khekade, Co-founder, XDC Network.
The validator infrastructure will be powered by CertiK SkyNode, which includes continuous vulnerability monitoring, automated threat response, node-level penetration testing, and a multi-region architecture with redundant failover designed to maintain validator availability during periods of elevated network activity.
“CertiK is honored to join the XDC Network as an Institutional Masternode Validator,” said Ronghui Gu, Co-Founder and CEO of CertiK. “Traditional trade finance and RWA tokenization require rigorous risk management, strong security foundations, and operational resilience. Through this collaboration, we are bringing our security and infrastructure expertise to help strengthen the network and support the trusted infrastructure needed for institutional adoption.”
The partnership comes as blockchain networks focused on financial institutions continue to expand the infrastructure supporting tokenized assets and digital settlement. Through the collaboration, the companies will work to strengthen the technical foundation for enterprise blockchain use cases across trade finance, asset tokenization, and institutional digital asset ecosystems.
XDC Network’s Institutional Masternode Validator program includes organizations from the financial, telecommunications, and digital asset sectors, including Animoca Brands, BCW Group, Blueprint, Clearpool, Credora, Deutsche Telekom, HashKeyCloud, Hivemind Digital Group, InvestaX, IXS, RedStone, Republic Crypto, SBI Holdings, StakeFi, and UOB Venture Management.
AUTHOR
Simeon is a detail-driven editor who sharpens every piece with clarity and precision, ensuring clean, consistent, and professional content throughout.
Binance will delist the IPUSDT and IPUSDC USDT-margined perpetual contracts due to the rebranding of the Story brand.
Per an official announcement, following the rebranding of the Story (IP) brand to Data Network, Binance will automatically liquidate IPUSDT and IPUSDC U-margined perpetual contracts at 17:00 CST (UTC+8) on June 28, 2026, and remove these perpetual contract trading pairs after liquidation concludes. Users are advised to close their positions voluntarily before trading is suspended to avoid automatic settlement of their positions. Starting from 16:30 CST (UTC+8) on June 28, 2026, users will no longer be able to submit new non-reduce-only orders for the aforementioned perpetual contracts. A separate announcement will be released when the new contract goes live.
22 minutes ago
Sources: Israeli military withdrawal from Lebanon is an important "red line" for Iran.
Local time on June 25, a source close to the negotiation team said that Israel's withdrawal from Lebanese territory is one of the conditions for a final Iran-US agreement, and is regarded as an important "red line" by Iran's negotiation team. The source further stated that the final memorandum of understanding will guarantee Lebanon's sovereignty and territorial integrity. The agreement text previously reached in Switzerland already emphasized a "conflict resolution mechanism" that is participated in and uniformly implemented by Iran. Iran is currently following up on the specific implementation timeline. (CCTV)
22 minutes ago
Apple's stock price fell by 6%, marking its largest decline since April 2025.
According to Bitget's market data, Apple's stock price fell by 6%, marking its largest decline since April 2025.
22 minutes ago
Analyst: Bitcoin falls below $60,000, but institutions and whales are not continuing to bet on further declines.
Greeks.live macro researcher Adam posted on X: "Tomorrow is the quarterly expiry, and Bitcoin has dipped below $60,000. As seen in the GEX chart, $60,000 is clearly the highest open interest price point. Meanwhile, large positions are also starting to accumulate at $58,000 and $59,000, signaling rising market risk. Institutional investors and major holders have not continued to bet on a downward move; they are just waiting for the expiry."
22 minutes ago
TD Cowen Analyst: SpaceX May Acquire T-Mobile
TD Cowen analysts said SpaceX could acquire T-Mobile to accelerate its wireless communication ambitions if a network sharing agreement cannot be reached. The report points to Starlink’s existing partnership with T-Mobile US as a strategic fit. This idea is purely speculative, but it underscores the growing competitive pressure the space exploration firm faces in the telecom industry.
Standard Chartered sees AAVE crypto reaching $3,500 by the end of 2030. This scenario would place the token nearly 50 times above its $70 level observed at the time of the report’s publication. The bank is betting on the return of Aave, the rise of DeFi, and the arrival of traditional assets on the blockchain.
In brief Standard Chartered targets AAVE at $3,500 by 2030. The bank bets on massive growth of DeFi and tokenized assets. The success of Aave Horizon with institutions remains uncertain. Standard Chartered bets big Standard Chartered has just opened its coverage of Aave with one of the most ambitious forecasts in the crypto market. The bank sets a first target of $180 by the end of 2026, then $600 in 2027. It then aims for $1,200 in 2028, $2,200 in 2029, and $3,500 in 2030. A trajectory that aligns with the optimism already observed among crypto whales.
This estimate implies multiplying the price of AAVE crypto by about 50. Technically, the gain would be close to 4,900% from $70. The 5,000% threshold mainly serves to summarize the magnitude of the bet. Yet, Aave has never approached such a level. Its all-time high, reached in 2021, is around $661. Standard Chartered’s target would therefore exceed this former peak by more than five times.
The scenario is based first on a profound transformation of the crypto market. Standard Chartered estimates that the assets used in decentralized finance could reach about $2.7 trillion by 2030. This would represent growth close to 37 times current levels.
Three drivers would fuel this expansion. The bank cites the growth of stablecoins, the tokenization of traditional financial assets, and the increase in the share of tokenized assets actually deployed in DeFi. This evolution is already at the heart of the tokenized real assets market.
Aave crypto could directly benefit from this growth. The protocol connects depositors and borrowers without traditional banks. The more capital placed and borrowed increases, the more its activity generates revenues and fees.
Aave tries to turn the KelpDAO page This forecast comes after a severe crisis. The KelpDAO attack in April triggered panic in DeFi and significant withdrawals on Aave. Protocol deposits nearly halved, while its share of the credit market sharply declined.
Standard Chartered nonetheless believes the worst is over. Deposits have started to recover after their low point, and Aave has strengthened its risk management system. The bank thinks the protocol can maintain a dominant position in onchain credit.
The main catalyst expected for 2030 has a name: Aave Horizon. This platform allows qualified investors to borrow stablecoins using securities or other tokenized real assets as collateral.
But Standard Chartered admits that this step remains to be proven. Institutions follow different rules regarding compliance, custody, and risk management. A technically effective solution therefore does not guarantee mass adoption.
The $3,500 target also depends on the link between Aave’s growth and its crypto’s value. An increase in deposits does not automatically translate to an equivalent rise in AAVE. Governance, token buybacks, redistributed revenues, and competition will weigh on this relationship.
Standard Chartered’s forecast thus offers a scenario, not a certainty. Aave holds a strong position and privileged access to crypto credit. But to justify a nearly 5,000% increase, the protocol will have to overcome the KelpDAO crisis, attract traditional finance, and capture a significant share of future DeFi growth. The potential seems immense. The path remains largely to be built.
Maximize your Cointribune experience with our "Read to Earn" program! For every article you read, earn points and access exclusive rewards. Sign up now and start earning benefits.
Join the program
A
A
Lien copié
Lydie M.
Enseignante et ingénieure IT, Lydie découvre le Bitcoin en 2022 et plonge dans l’univers des cryptomonnaies. Elle vulgarise des sujets complexes, décrypte les enjeux du Web3 et défend une vision d’un futur numérique ouvert, inclusif et décentralisé.
DISCLAIMER
The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.
Anyone can now execute mass payouts across EVM chains and Tron from a single platform and can choose between multiple wallet screening providers.
Just three weeks after releasing major upgrades for crypto payment collection, the Request Network Foundation today announced another expansion of its stablecoin payment platform. The release introduces one-click mass payouts on both EVM and Tron, alongside built-in bridging and token swapping across EVM chains. The update also expands compliance capabilities through the integration of Merkle Science as an additional wallet screening provider.
Together, these capabilities reinforce Request Network’s vision of providing businesses with a simpler, more scalable, and more resilient way to operate stablecoin payments globally.
Users Can Now Disburse at Scale in One Click From a Single Wallet Without Bridging or Swapping
Stablecoins are already widely used to disburse salaries, commissions, affiliate rewards, bug bounties, supplier payments, and customer refunds or withdrawals across the world. While settlements are now faster and cheaper in stablecoins compared to fiat, the operational processes needed to send funds remain complex as recipients usually require payments on multiple chains and in multiple currencies. This has forced finance teams to initiate multiple transactions in separate currencies and from multiple wallets.
Request Network now abstracts away this fragmentation, allowing anyone to initiate mass payouts from a single wallet in a single currency to pay recipients across the top 6 EVM chains (Ethereum, Base, Arbitrum, Optimism, Polygon, and BNB Chain) in USDC and USDT.
Through a single signature, a mass payout can now be initiated even if the individual transactions need to be bridged and swapped to reach their recipient. Request Network protocol automatically retrieves and batches bridge and swap quotes in order to funnel every payment of a batch to its correct destination in just one approval.
To simplify the process further, Request Network also allows any recipient to set and update their payment preferences so payments are always routed to where they should go.
This represents one of the biggest breakthroughs in cross-chain and swapping abstraction, bringing payers and recipients closer than ever before, regardless of the blockchain or currency they trust.
Mass Payouts Now Available on Tron
Alongside EVM mass payouts, Request Network also announced the support of mass payouts on Tron, becoming the first protocol to combine both capabilities.
Thanks to this release, anyone can now send USDT to multiple recipients on Tron in a single transaction, unlocking large-scale payouts on one of the most used chains in Asia, Africa, Eastern Europe, and Latin America.
With this release, anyone can now manage all stablecoin payouts globally from the Request Network protocol.
More Choice for Wallet Screening
Alongside mass payouts, Request Network also announced a partnership with Merkle Science to offer additional wallet screening providers on the protocol.
As a reminder, Request Network offers built-in wallet screening to protect its users from high-risk wallet interactions. When enabled, this feature allows payments to be executed only if the payer or recipient satisfies the preset screening policies, helping businesses to avoid exposure to high-risk wallets which may lead to asset freezing or difficulties off-ramping to fiat.
By expanding its integration of Merkle Science, Request Network just became one of the safest ways to receive crypto onchain, while accommodating for recipients’ preferences.
Tristan Wallaert, CEO of the Request Network Foundation, said: “Stablecoins allowed money to move globally without the usual fiat constraints, but executing payments at scale remains a bottleneck and is forcing users to rely on payment service providers. Anyone should be able to pay by himself hundreds of payments across chains in just a single operation.High risk wallets exposure has tarnished the crypto reputation recently, if we want to provide the best protection to blockchain users they need to be able to use the best screening providers. Sending and receiving payments must become intuitive and safe if we want stablecoins to be a real alternative to fiat.”
Mriganka Pattnaik, CEO of Merkle Science, said: “As stablecoin payments become more global and cross-chain, compliance needs to become just as seamless as the payment experience itself. Our integration with Request Network helps businesses screen wallets with greater confidence, reduce exposure to high-risk activity, and scale onchain payments without compromising trust or operational efficiency”.
About Request Network
Since 2017, Request Network has developed, educated about, and promoted the use of open-source, decentralized and permissionless protocols that provide infrastructure for on-chain payments and related financial flows.
Request Network allows anyone to send and receive crypto at scale, across chains, without custodial intermediaries. The protocol is developed by a community-funded foundation whose mission is to make crypto payments accessible while protecting its participants.
To date, more than $2 billion has moved thanks to Request Network technology.
Press kit
About Merkle Science
Merkle Science provides blockchain analytics and crypto compliance solutions that help businesses detect, investigate, and prevent financial crime across digital assets. Its platform supports wallet screening, transaction monitoring, risk intelligence, and investigations, enabling crypto platforms, financial institutions, and payment providers to manage onchain risk and meet compliance requirements at scale.
Contacts CEO
Tristan Wallaert
Request Network Foundation [email protected]
Director of Business Operations
Álvaro García [email protected]
Anyone can now execute mass payouts across EVM chains and Tron from a single platform and can choose between multiple wallet screening providers.
Just three weeks after releasing major upgrades for crypto payment collection, the Request Network Foundation today announced another expansion of its stablecoin payment platform. The release introduces one-click mass payouts on both EVM and Tron, alongside built-in bridging and token swapping across EVM chains. The update also expands compliance capabilities through the integration of Merkle Science as an additional wallet screening provider.
Together, these capabilities reinforce Request Network's vision of providing businesses with a simpler, more scalable, and more resilient way to operate stablecoin payments globally.
Users Can Now Disburse at Scale in One Click From a Single Wallet Without Bridging or Swapping
Stablecoins are already widely used to disburse salaries, commissions, affiliate rewards, bug bounties, supplier payments, and customer refunds or withdrawals across the world. While settlements are now faster and cheaper in stablecoins compared to fiat, the operational processes needed to send funds remain complex as recipients usually require payments on multiple chains and in multiple currencies. This has forced finance teams to initiate multiple transactions in separate currencies and from multiple wallets.
Request Network now abstracts away this fragmentation, allowing anyone to initiate mass payouts from a single wallet in a single currency to pay recipients across the top 6 EVM chains (Ethereum, Base, Arbitrum, Optimism, Polygon, and BNB Chain) in USDC and USDT.
Through a single signature, a mass payout can now be initiated even if the individual transactions need to be bridged and swapped to reach their recipient. Request Network protocol automatically retrieves and batches bridge and swap quotes in order to funnel every payment of a batch to its correct destination in just one approval.
To simplify the process further, Request Network also allows any recipient to set and update their payment preferences so payments are always routed to where they should go.
This represents one of the biggest breakthroughs in cross-chain and swapping abstraction, bringing payers and recipients closer than ever before, regardless of the blockchain or currency they trust.
Mass Payouts Now Available on Tron
Alongside EVM mass payouts, Request Network also announced the support of mass payouts on Tron, becoming the first protocol to combine both capabilities.
Thanks to this release, anyone can now send USDT to multiple recipients on Tron in a single transaction, unlocking large-scale payouts on one of the most used chains in Asia, Africa, Eastern Europe, and Latin America.
With this release, anyone can now manage all stablecoin payouts globally from the Request Network protocol.
More Choice for Wallet Screening
Alongside mass payouts, Request Network also announced a partnership with Merkle Science to offer additional wallet screening providers on the protocol.
As a reminder, Request Network offers built-in wallet screening to protect its users from high-risk wallet interactions. When enabled, this feature allows payments to be executed only if the payer or recipient satisfies the preset screening policies, helping businesses to avoid exposure to high-risk wallets which may lead to asset freezing or difficulties off-ramping to fiat.
By expanding its integration of Merkle Science, Request Network just became one of the safest ways to receive crypto onchain, while accommodating for recipients’ preferences.
Tristan Wallaert, CEO of the Request Network Foundation, said: "Stablecoins allowed money to move globally without the usual fiat constraints, but executing payments at scale remains a bottleneck and is forcing users to rely on payment service providers. Anyone should be able to pay by himself hundreds of payments across chains in just a single operation.High risk wallets exposure has tarnished the crypto reputation recently, if we want to provide the best protection to blockchain users they need to be able to use the best screening providers. Sending and receiving payments must become intuitive and safe if we want stablecoins to be a real alternative to fiat."
Mriganka Pattnaik, CEO of Merkle Science, said: “As stablecoin payments become more global and cross-chain, compliance needs to become just as seamless as the payment experience itself. Our integration with Request Network helps businesses screen wallets with greater confidence, reduce exposure to high-risk activity, and scale onchain payments without compromising trust or operational efficiency”.
About Request Network
Since 2017, Request Network has developed, educated about, and promoted the use of open-source, decentralized and permissionless protocols that provide infrastructure for on-chain payments and related financial flows.
Request Network allows anyone to send and receive crypto at scale, across chains, without custodial intermediaries. The protocol is developed by a community-funded foundation whose mission is to make crypto payments accessible while protecting its participants.
To date, more than $2 billion has moved thanks to Request Network technology.
Press kit
About Merkle Science
Merkle Science provides blockchain analytics and crypto compliance solutions that help businesses detect, investigate, and prevent financial crime across digital assets. Its platform supports wallet screening, transaction monitoring, risk intelligence, and investigations, enabling crypto platforms, financial institutions, and payment providers to manage onchain risk and meet compliance requirements at scale.
ContactsCEO
Tristan Wallaert
Request Network Foundation [email protected]
Director of Business Operations
Álvaro García [email protected]
Disclaimer: Press release sponsored by our commercial partners.
Daily Debrief NewsletterStart every day with the top news stories right now, plus original features, a podcast, videos and more.
Anyone can now execute mass payouts across EVM chains and Tron from a single platform and can choose between multiple wallet screening providers.
Just three weeks after releasing major upgrades for crypto payment collection, the Request Network Foundation today announced another expansion of its stablecoin payment platform. The release introduces one-click mass payouts on both EVM and Tron, alongside built-in bridging and token swapping across EVM chains. The update also expands compliance capabilities through the integration of Merkle Science as an additional wallet screening provider.
Together, these capabilities reinforce Request Network’s vision of providing businesses with a simpler, more scalable, and more resilient way to operate stablecoin payments globally.
Users Can Now Disburse at Scale in One Click From a Single Wallet Without Bridging or Swapping
Stablecoins are already widely used to disburse salaries, commissions, affiliate rewards, bug bounties, supplier payments, and customer refunds or withdrawals across the world. While settlements are now faster and cheaper in stablecoins compared to fiat, the operational processes needed to send funds remain complex as recipients usually require payments on multiple chains and in multiple currencies. This has forced finance teams to initiate multiple transactions in separate currencies and from multiple wallets.
Request Network now abstracts away this fragmentation, allowing anyone to initiate mass payouts from a single wallet in a single currency to pay recipients across the top 6 EVM chains (Ethereum, Base, Arbitrum, Optimism, Polygon, and BNB Chain) in USDC and USDT.
Through a single signature, a mass payout can now be initiated even if the individual transactions need to be bridged and swapped to reach their recipient. Request Network protocol automatically retrieves and batches bridge and swap quotes in order to funnel every payment of a batch to its correct destination in just one approval.
To simplify the process further, Request Network also allows any recipient to set and update their payment preferences so payments are always routed to where they should go.
This represents one of the biggest breakthroughs in cross-chain and swapping abstraction, bringing payers and recipients closer than ever before, regardless of the blockchain or currency they trust.
Mass Payouts Now Available on Tron
Alongside EVM mass payouts, Request Network also announced the support of mass payouts on Tron, becoming the first protocol to combine both capabilities.
Thanks to this release, anyone can now send USDT to multiple recipients on Tron in a single transaction, unlocking large-scale payouts on one of the most used chains in Asia, Africa, Eastern Europe, and Latin America.
With this release, anyone can now manage all stablecoin payouts globally from the Request Network protocol.
More Choice for Wallet Screening
Alongside mass payouts, Request Network also announced a partnership with Merkle Science to offer additional wallet screening providers on the protocol.
As a reminder, Request Network offers built-in wallet screening to protect its users from high-risk wallet interactions. When enabled, this feature allows payments to be executed only if the payer or recipient satisfies the preset screening policies, helping businesses to avoid exposure to high-risk wallets which may lead to asset freezing or difficulties off-ramping to fiat.
By expanding its integration of Merkle Science, Request Network just became one of the safest ways to receive crypto onchain, while accommodating for recipients’ preferences.
Tristan Wallaert, CEO of the Request Network Foundation, said: “Stablecoins allowed money to move globally without the usual fiat constraints, but executing payments at scale remains a bottleneck and is forcing users to rely on payment service providers. Anyone should be able to pay by himself hundreds of payments across chains in just a single operation.High risk wallets exposure has tarnished the crypto reputation recently, if we want to provide the best protection to blockchain users they need to be able to use the best screening providers. Sending and receiving payments must become intuitive and safe if we want stablecoins to be a real alternative to fiat.”Mriganka Pattnaik, CEO of Merkle Science, said: “As stablecoin payments become more global and cross-chain, compliance needs to become just as seamless as the payment experience itself. Our integration with Request Network helps businesses screen wallets with greater confidence, reduce exposure to high-risk activity, and scale onchain payments without compromising trust or operational efficiency”.
About Request Network
Since 2017, Request Network has developed, educated about, and promoted the use of open-source, decentralized and permissionless protocols that provide infrastructure for on-chain payments and related financial flows.
Request Network allows anyone to send and receive crypto at scale, across chains, without custodial intermediaries. The protocol is developed by a community-funded foundation whose mission is to make crypto payments accessible while protecting its participants.
To date, more than $2 billion has moved thanks to Request Network technology.
Press kit
About Merkle Science
Merkle Science provides blockchain analytics and crypto compliance solutions that help businesses detect, investigate, and prevent financial crime across digital assets. Its platform supports wallet screening, transaction monitoring, risk intelligence, and investigations, enabling crypto platforms, financial institutions, and payment providers to manage onchain risk and meet compliance requirements at scale.
Contacts CEO
Tristan Wallaert
Request Network Foundation
[email protected]
Director of Business Operations
Álvaro García
[email protected]
