Track market-moving stories before they get noisy

Türkiye-based digital asset platform Paribu has launched DeFi access inside its main app, adding DEX trading, perpetual contracts through Hyperliquid, and Polymarket-linked option markets. 

Summary

Paribu now offers Hyperliquid perpetuals and Polymarket markets through its main self-custodial DeFi app section. The platform opened a waitlist for NYSE, Nasdaq, and Borsa Istanbul stock trading access soon. Paribu says users can trade DeFi products without separate wallet apps, seed phrases, or transfers. The company also opened a waitlist for stock trading as it works to combine crypto, DeFi, yield products, and equities in one app.

Paribu said it is the first regulated exchange to offer both Hyperliquid perpetuals and Polymarket option markets through a centralized exchange interface. Users can access the DeFi section with their existing balance, without a separate wallet app, seed phrase, or new account. The company said each DeFi position remains self-custodial, while trades settle onchain through linked protocols.

DeFi access targets Türkiye’s retail market Paribu framed the launch around Türkiye’s active crypto market. The company cited TRM Labs data showing Türkiye ranked fifth globally in retail crypto activity, with $40 billion in volume in Q1 2026. The figure rose 7% year over year while global retail crypto volume fell 11%.

The company said many local retail users keep their main crypto holdings inside one app and have not used DeFi wallet tools. Paribu’s DeFi access is designed to let these users reach onchain markets without switching platforms. Its blog post on DeFi access says the wallet setup uses passkeys and recovery tools instead of seed phrases.

Hyperliquid and Polymarket enter the app The Hyperliquid integration lets Paribu users trade perpetual contracts from the DeFi section of the app. Trades route to Hyperliquid’s decentralized blockchain, while positions remain in users’ self-custodial wallets. Paribu said Hyperliquid has processed more than $4 trillion in cumulative trading volume.

The launch follows wider activity around Hyperliquid. As reported by crypto.news, Kalshi launched CFTC-regulated HYPE perpetual futures, lifting HYPE futures open interest to $2.48 billion. Moreover, crypto.news reported thatHyperliquid added validator-settled outcome markets under HIP-4, expanding beyond perpetual futures.

Paribu also added access to Polymarket markets through the same DeFi section. The company said it will list curated markets only, with each contract reviewed for integrity, liquidity, and risk profile before appearing in the app. Paribu serves as the interface, while execution and settlement happen onchain through Polymarket infrastructure.

The rollout comes as prediction markets face closer review in several jurisdictions. As crypto.news reported, the CFTC is preparing new rules that could affect Polymarket and Kalshi. Crypto.news also reported that the CFTC sued Kentucky to block state action against Kalshi, Polymarket, and related partners.

Stock trading remains pending Paribu is also preparing to offer equities. Its brokerage arm has received establishment authorization from Türkiye’s Capital Markets Board and is waiting for an operating license. The company said NYSE, Nasdaq, and Borsa Istanbul stocks will become tradable after the license process is complete.

For now, users can view real-time market data for U.S. and Turkish stocks inside the app. Paribu said the stock waitlist is open before trading goes live. Founder and CEO Yasin Oral said, “Paribu is becoming a single app for all of finance: crypto, DeFi, equities, and yield.”

The expansion follows other Paribu moves. Previously, crypto.news reported that Paribu’s $240 million CoinMENA acquisition led a weekly crypto funding period in December 2025. The company has also said Clave joined Paribu in 2026 to support passkey-based account abstraction and self-custody tools.

Metaplanet just added another 2,823 Bitcoin to its balance sheet, pushing its total stash to 43,000 BTC. For a company that didn’t own a single satoshi before April 2024, that’s a remarkable trajectory.

The Tokyo-listed firm, which trades on the Tokyo Stock Exchange under ticker 3350.T and as an ADR under MPJPY in the US, has been on a relentless accumulation spree. This latest purchase puts Metaplanet in direct competition with Twenty One Capital, which holds roughly 43,514 BTC, for the title of third-largest corporate Bitcoin holder on the planet.

The numbers behind the buying binge To appreciate how fast Metaplanet is moving, look at the timeline. The company ended 2025 with 35,102 BTC. By March 31, 2026, it had reached 40,177 BTC after scooping up 5,075 BTC in Q1 alone, a haul worth approximately $398 million to $405 million at an average price between $78,000 and $80,000 per coin.

Now, with this fresh 2,823 BTC purchase, the total sits at 43,000 BTC. That’s a jump of roughly 22.5% from where the company started the year.

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The average acquisition cost across Metaplanet’s entire portfolio sits somewhere between $97,000 and $104,000 per BTC, depending on the reporting period. With Bitcoin trading well above that range in recent weeks, the company is sitting on meaningful unrealized gains.

Metaplanet has publicly stated its goal of reaching 100,000 BTC by the end of 2026 and 210,000 BTC by the end of 2027. That means CEO Simon Gerovich and his team need to acquire another 57,000 BTC in roughly the next six months.

How Metaplanet keeps funding the machine Metaplanet has been financing its purchases through a combination of equity raises, debt arrangements, and mNAV warrants — a financing mechanism designed to let Metaplanet raise capital while managing dilution for existing shareholders.

The company also opened Level I ADRs for US investors in December 2025, giving American traders a straightforward way to get exposure to Metaplanet’s stock without the friction of buying on the Tokyo Stock Exchange. Level I ADRs don’t require full SEC registration, which makes them cheaper to issue, though they also come with trading limitations compared to higher-tier listings.

Gerovich has been tracking what he calls “Bitcoin yield,” a metric that measures how much additional Bitcoin per share the company generates through its treasury operations. That figure hit 2.8% year-to-date in recent reports.

What this means for investors The risk profile here is worth examining carefully. Metaplanet is using equity dilution and debt to buy a volatile asset. In a prolonged downturn, the company’s average cost basis of $97,000 to $104,000 per BTC becomes the line in the sand investors need to watch.

The 100,000 BTC target by year-end also deserves scrutiny. Acquiring 57,000 BTC in six months would require spending somewhere north of $5 billion at current prices, meaning Metaplanet will likely need multiple large equity raises and debt issuances, each of which carries execution risk and potential dilution.

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

XRP, once a fixture in market debates, is now increasingly evaluated based on its on-chain activity and real-world use cases. The XRP Ledger boasts transaction finality in just 3 to 5 seconds while keeping fees low, an advantage that drives its adoption in Ripple’s cross-border payment solutions and bolsters XRP’s role as a functional digital asset.

Key data on network activityOn June 16, 2026, the XRP Ledger processed 769,646 transactions within a 24-hour span. During peak periods, successful payment transactions can exceed 2.7 million in a single day. These figures show that XRP network activity extends well beyond trading alone, with payment and transfer operations occupying a significant share of the network’s capacity.

The XRP Ledger is not limited to value transfer. It also supports native automated market maker functionality and oracle integrations, effectively incorporating core decentralized finance infrastructure directly into the network.

Mini glossary: Oracles bring off-chain data to on-chain applications, while automated market makers (AMMs) enable trading via liquidity pools rather than traditional order books.

Supply structure under scrutinyAccording to CoinGecko, approximately 62 billion XRP are currently in circulation, out of a near-100 billion total supply. Meanwhile, some 33–34 billion XRP remain locked in escrow accounts.

Ripple operates a schedule allowing up to 1 billion XRP to be released each month from escrow. Unused tokens are returned to these accounts. While this mechanism provides a level of transparency, the substantial reserves held in escrow continue to temper narratives about XRP’s scarcity.

The core question for long-term outlooks centers on how much Ripple’s commercial growth actually translates into direct demand for XRP.

RLUSD’s rise and shifts in demandRipple now lets customers complete payment transactions either using XRP or its own stablecoin, RLUSD. This creates uncertainty over whether an expanding client base will lead directly to equal growth in XRP demand.

As of August 2025, RLUSD’s market capitalization surpassed $611 million, and it continued to grow in subsequent periods. This trend illustrates RLUSD’s emerging visibility as an alternative settlement asset within the Ripple ecosystem.

Ripple remains recognized as a financial technology firm specializing in blockchain-based payment solutions, with XRP as the open-market native asset underpinning these platforms.

Regulatory clarity and the evolving networkIn 2025, Ripple’s legal dispute with the US Securities and Exchange Commission ended in a $125 million settlement. The court ruled that programmatic XRP sales on public crypto exchanges did not constitute securities offerings. However, certain institutional sales by Ripple were deemed to have breached securities regulations.

This decision has given XRP a clearer regulatory status in the US than many other altcoins. In terms of governance, the network also exhibits a more decentralized structure: Ripple operates just one of the 35 validators on its default trusted list, while the XRPL Foundation now plays a more prominent role in network administration.

With a current market capitalization of around $65.9 billion, XRP ranks among the largest crypto assets. This scale suggests that many of the network’s current strengths may already be factored into its price.

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.

Ethereum traded near $1,615 on July 2 as buyers tried to stabilize the market after weeks of pressure. 

Summary

Ethereum trades near $1,615 as buyers defend support while ETF flows turn positive again. Analysts watch $1,700 to $1,800 as the recovery zone needed for stronger confirmation next move. Staking rate above 33% suggests more ETH is locked despite weak short-term price action. ETH remains close to the lower end of its recent range, but new ETF inflows and stronger staking activity have added fresh data points for traders watching a recovery attempt.

The token was up 2.49% over 24 hours, with a daily range between $1,564.82 and $1,637.22, according to crypto.news price data. Ethereum’s market cap stood near $194.87 billion, while 24-hour trading volume was about $10.81 billion.

Spot Ethereum ETFs recorded $14.895 million in net inflows on July 1, while BlackRock’s ETHA posted the largest single-day inflow at $36.639 million, according to SoSoValue. The shift came after a period in which ETF outflows weighed on ETH demand and kept traders focused on the $1,500 support region.

Ethereum spot ETF net inflow, source: SoSoValue Ethereum price holds near lower range Ethereum’s short-term setup remains cautious. The recent price trend has been mostly sideways near the lower range, with ETH holding around $1,580 to $1,650. The market still needs a move above the $1,700 to $1,800 area to show stronger recovery momentum.

Recently, Ethereum had remained pinned near the $1,500 support zone after quarter-end selling, whale distribution, and weak institutional flows. That report said analysts were watching $1,700 as a key recovery level, while a loss of $1,500 could open another move lower.

The technical picture shows early improvement, but not a full trend reversal. The MACD histogram is positive near 7.60, while the MACD line is around minus 66.92 and above the signal line near minus 74.52. That points to a bullish crossover and weaker bearish momentum, but both lines remain below zero.

Ethereum (ETH) price chart, source: crypto.news The RSI is near 40.46 and above its moving average around 36.50. This shows some recovery in momentum, but the reading remains below 50. Buyers need a stronger RSI move and a price reclaim of $1,700 to $1,800 before the setup turns more constructive.

ETF inflows return after weeks of pressure ETF flows remain central to ETH’s short-term outlook. Earlier pressure came from repeated outflows across U.S. spot Ethereum ETFs. Crypto.news previously reported that funds saw $273 million in net outflows during the week ending June 26, with BlackRock’s ETHA accounting for $236 million of withdrawals.

The latest positive daily flow gives bulls some relief, but one day of inflows does not erase the wider weakness. ETF demand matters because these products can create spot buying pressure when flows are positive. When flows reverse, fund managers may need to redeem underlying ETH, adding supply to the market.

Ethereum has underperformed during this period because its ETF market is smaller than Bitcoin’s. Ethereum ETF outflows have been more painful in relative terms because the ETH ETF complex is much smaller than the Bitcoin ETF market.

That makes the July 1 inflow important for sentiment. A steady run of inflows would support the case for ETH to retest $1,700. If inflows fade again, traders may keep treating rallies as weak rebounds inside a broader downtrend.

Staking rate reaches record level On-chain data adds a different signal. CryptoQuant analyst EgyHash said Ethereum’s staking rate has crossed 33% for the first time, reaching about 33.06%. The analyst described the trend as a sign that long-term holders continue locking ETH despite price weakness.

EgyHash noted that the staking rate has climbed steadily since the Merge, while ETH price has moved through several bull and bear phases. The analyst said this shows many holders prefer to keep ETH staked rather than sell during weak market periods.

Ethereum (ETH) staking rate, source: CryptoQuant analyst EgyHash A higher staking rate can reduce liquid supply available on exchanges. That may support price if demand returns, because fewer coins are immediately available for sale. Still, the analyst warned that “staking growth alone does not guarantee an immediate price recovery.”

This makes staking a medium-term support factor rather than a short-term trigger. It can help tighten supply, but ETH still needs demand from ETFs, spot buyers, treasury firms, and onchain users to produce a stronger recovery.

Corporate buyers keep accumulating ETH Corporate treasury demand remains active despite weak price action. As previously reported, SharpLink bought another 10,000 ETH for $16.1 million, lifting its holdings to 886,725 ETH. The purchase came as Ethereum headed toward a rare third straight quarterly loss.

BitMine has also expanded its Ethereum treasury. Moreover,  BitMine added 27,084 ETH in one week, raising its holdings to more than 5.7 million ETH, or about 4.7% of circulating supply.

The institutional push is also expanding beyond treasury buys. Earlier today, crypto.news reported that Ethereum Institutional launched with backing from BitMine, SharpLink and Joe Lubin to support adoption by banks, asset managers, custodians, and other financial firms.

The corporate buying has not yet changed the short-term trend. Whale selling, ETF weakness, and broader risk-off trading have kept ETH below the $1,700 to $1,800 recovery band. Still, these purchases show some institutions continue to add ETH at lower prices.

Ali Charts said ETH is approaching a long-term support area near $1,100, a level he described as the lower boundary of a multi-year channel. He pointed to $3,000 as a mid-range target and $5,000 as a macro ceiling if the lower channel holds.

ETHEREUM: WHEN TO BUY?

Ethereum is approaching a historically support level that has defined its macro price action for years.

Since 2021, the $1,100 level has served as the ultimate bottom boundary of Ethereum's long-term price channel. Historically, every single test of this… https://t.co/LNkygeXO5n pic.twitter.com/1NQMcvoXYL

— Ali Charts (@alicharts) July 2, 2026 Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

Eligible institutional clients can access USDC through a single onboarding and service experience, without needing direct Circle accounts

Dubai, United Arab Emirates — July 2, 2026 —  Standard Chartered today announced the launch of its capability enabling institutional clients to access USDC minting and redemption, developed in partnership with Circle Internet Group, Inc. (Circle) (NYSE: CRCL), the issuer of USDC1 through its regulated entities.  

The launch makes Standard Chartered the first Global Systemically Important Bank (G-SIB) licensed to offer institutional clients access to USDC minting and redemption through a  single onboarding and service experience, without requiring clients to hold direct accounts with Circle. 

The capability enables institutions to move value across traditional and digital financial ecosystems with greater speed and transparency by connecting fiat banking, digital asset infrastructure and public blockchain networks within a single, bank-led solution. It supports institutional use cases such as on-chain settlement, treasury, and liquidity management, while providing the infrastructure to support payment-related use cases in the future.

By embedding USDC access directly within Standard Chartered’s institutional offering, Standard Chartered will bring together banking, custody, and digital asset services within one integrated offering and that is delivered through the risk management, compliance and governance standards expected of a leading international financial institution.

Initially available to eligible clients through Standard Chartered’s DIFC operations, the capability reinforces the UAE’s position as a leading hub for regulated digital asset activity and represents the first phase of Standard Chartered’s broader global stablecoin proposition. The Bank intends to expand the capability into additional markets, subject to regulatory approvals and market readiness.

The announcement reflects growing demand from financial institutions and corporations for regulated stablecoin infrastructure that can support a range of financial activities, including payments, treasury management, settlement, liquidity management and participation in digital asset markets.

Roberto Hoornweg, Chief Executive Officer, Corporate and Investment Banking, Standard Chartered said: “Digital assets are becoming an increasingly important component of global financial infrastructure, and institutional clients are seeking the same levels of trust and governance that underpin traditional markets. With this launch, we are extending those standards into a rapidly evolving segment of the financial system. Ultimately, this is about enabling broader institutional participation in digital asset markets through the frameworks, controls and regulatory oversight that have long supported confidence in global financial markets.”

Kash Razzaghi, Chief Commercial Officer, Circle, said: “Financial institutions are increasingly looking for trusted ways to access stablecoins and participate in blockchain-enabled financial markets. By integrating Circle’s regulated stablecoin infrastructure into Standard Chartered’s global banking platform, we are helping institutions access new opportunities to use USDC across payments, settlement and treasury operations while maintaining the compliance, governance and risk management standards they expect.”

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‍For further information please contact:

Khaled Abdulla, CFA®
Head of Communications 
UAE, Middle East & Pakistan
Corporate and Investment Bank
Standard Chartered
M: +971 55  655 7553
T: +971 4 508 3155

About Standard Chartered
We are a leading international banking group, with a presence in 54 of the world’s most dynamic markets. Our purpose is to drive commerce and prosperity through our unique diversity, and our heritage and values are expressed in our brand promise, here for good.
Standard Chartered PLC is listed on the London and Hong Kong stock exchanges.
For more stories and expert opinions please visit Insights at sc.com. Follow Standard Chartered on X, LinkedIn, Instagram and Facebook.

About Circle
Circle (NYSE: CRCL) is one of the world’s leading internet financial platform companies, building the foundation of a more open, global economy through programmable blockchain infrastructure, digital assets, and payment applications. Circle’s platform includes the world’s largest stablecoin network anchored by USDC, Circle Payments Network for global money movement, and Arc, an enterprise-grade blockchain designed to become the Economic OS for the internet. Enterprises, financial institutions, and developers use Circle to power trusted, internet-scale financial innovation. Learn more at circle.com.

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1 USDC is issued by regulated affiliates of Circle. See Circle’s list of regulatory authorizations at circle.com/legal/licenses.

Aave V4 just opened its first specialized liquidity hub, and it’s built entirely around one stablecoin ecosystem. The Global Dollar Hub, sometimes called the Paxos Hub, went live with PT-USDG (September 2026) as its inaugural collateral asset, giving users a new way to borrow stablecoins against fixed-rate Pendle principal tokens.

This is the first real-world test of Aave’s hub-and-spoke architecture, a modular system introduced in March 2026.

How the Global Dollar Hub actually works Users deposit PT-USDG-24SEP2026, a Pendle principal token that matures in September 2026, as collateral. In return, they can borrow USDC and USDT directly from the hub. USDG itself is available too, but through a cross-hub credit line sourced from Aave’s Core Hub.

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The governance machinery behind this moved at a deliberate pace. A proposal for onboarding PT-USDG-24SEP2026 was posted on May 19, 2026. Before that, a predecessor token, PT-USDG-28MAY2026, had been proposed back in March 2026 and listed on Aave V3.

Why USDG and why now USDG is a regulated stablecoin issued by Paxos on behalf of the Global Dollar Network. It launched in November 2024 and crossed $1 billion in market cap by December 2025. Fully backed by cash and cash equivalents, it’s designed to check the boxes that institutional compliance teams care about.

Pendle splits yield-bearing assets into principal and yield components, letting users trade future yield separately. A principal token like PT-USDG-24SEP2026 essentially locks in a fixed rate until maturity.

Rather than lumping all assets into one giant pool, the hub-and-spoke model isolates risk. Each hub operates with its own parameters. If something goes wrong in the Global Dollar Hub, it stays in the Global Dollar Hub.

What this means for investors The Global Dollar Hub creates a fairly specific opportunity set. Users comfortable with stablecoin-on-stablecoin strategies can borrow against fixed-rate collateral, effectively arbitraging the spread between their PT yield and borrowing costs.

The risk to watch is maturity concentration. PT-USDG-24SEP2026 has a fixed expiration date. As September 2026 approaches, the hub will need new collateral tokens to maintain relevance, which means ongoing governance cycles and potential gaps in coverage.

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

Solana’s tokenized real-world asset ecosystem has hit a new all-time high of $3.3 billion, cementing the network’s position as the third-largest blockchain for RWA value. That’s a nearly fourfold increase from roughly $873 million at the start of the year.

The milestone puts Solana behind only Ethereum at $15.9 billion and BNB Chain at $4.0 billion. With a 10.39% market share in the RWA space, Solana is no longer a rounding error in the tokenization conversation.

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A trajectory that keeps steepening Solana’s RWA value climbed 27.92% over the previous 30 days, with 692 distinct assets now living on-chain. The network reached roughly $873 million in RWA value back in January 2026. By the end of Q1, that figure had ballooned to somewhere between $1.66 billion and $2.01 billion. The previous all-time high of $2.8 billion was set in May 2026.

Institutional players are already here Citigroup ran a pilot program for tokenized Bill of Exchange settlements on Solana back in February 2026. The pilot highlighted Solana’s low transaction fees and rapid processing speed as core advantages for institutional users.

Ondo Finance, which specializes in tokenized stocks and treasuries, has emerged as one of the key contributors to Solana’s RWA ecosystem. Kamino, another notable player, focuses on RWA-oriented DeFi markets. Together with support from the Solana Foundation and data infrastructure from platforms like rwa.xyz, the ecosystem supports a range of tokenized assets spanning treasuries, equities, and various financial instruments.

What this means for investors Solana’s 27.92% monthly growth rate and its position as the third-largest RWA blockchain changes the competitive dynamics. Ethereum maintains nearly five times Solana’s total RWA value, providing deeper liquidity pools and more composability options. Solana’s network has also historically dealt with outage concerns, and any significant downtime during institutional settlement processes could damage the trust that has taken months to build.

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

Boardwalk, the permissionless protocol built for launching and discovering token economies, is moving its protocol token to Arbitrum. The migration is set to open on July 17, 2026, marking the latest step in the project’s multi-chain expansion.

What Boardwalk actually does The protocol’s native token, BMX, functions as what the project calls a “deflationary consumption token.” BMX gets burned when people use it to launch tokens, spent when participants vote in discovery mechanisms, and staked when holders want to direct how protocol fees are routed.

Those fee routes include buybacks, burns, liquidity locks, and staking rewards.

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BMX has a maximum supply of 10 million tokens, with roughly 2.7 million currently in circulation.

Why Arbitrum, and why now Boardwalk isn’t new to multi-chain deployment. The protocol has previously operated across Ethereum, Base, Fraxtal, and Katana.

The announcement surfaced in mid-to-late June 2026, with the July 17 date serving as the official opening for the Arbitrum deployment. Community discussions on X and Reddit have pointed to the migration as a potential catalyst for increased BMX utility, though the exact mechanics of the transition, including whether existing BMX holders on other chains need to take any action, remain part of the rollout details.

The token naming situation One wrinkle worth noting: the original announcement referenced the migrating token as “MTB,” while the protocol’s public-facing documentation and community predominantly reference “BMX” as the native protocol token. This appears to reflect either a transition from an earlier token version or a naming convention that varies across deployment stages.

What this means for investors For existing BMX holders, the migration could serve as a catalyst if it successfully introduces the protocol to Arbitrum’s user base. The tight circulating supply of 2.7 million tokens against a 10 million max supply means the deflationary mechanics have room to compress supply further, assuming usage materializes.

Investors watching this space should be tracking launch activity on the platform, liquidity depth on Arbitrum pairs, and whether the BMX burn rate accelerates post-migration.

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

The Sei Giga Whitepaper V2 is a major update to the original Giga Whitepaper published in May 2025. It introduces significant performance improvements and new features to Sei Giga, redesigning Sei Network from first principles into a blockchain with the ideal architecture for onchain trading.

Read the full whitepaper at: https://arxiv.org/pdf/2505.14914

What's New in V2The updated whitepaper addresses the questions the original left open. Where v1 described how Giga achieves speed and throughput, V2 adds how it will solve for privacy and fairness.

Faster FinalityThe new whitepaper introduces even faster performance for Giga's Autobahn consensus protocol. It now targets sub-250ms finality, down from the 400ms target in the original whitepaper. This will be delivered while maintaining 200,000+ transactions / 5 gigagas per second throughput across the network’s decentralized validator set.

Pre-Execution Privacy and MEV ResistanceThe new whitepaper introduces Sedna, a private transaction layer.

Transactions on Sei Giga will be encoded into fragments and distributed across multiple proposer lanes. This will ensure that no proposer will see the full contents of a transaction until ordering is finalized, giving the network pre-execution privacy. In short, a trade will never be visible until it is executed.

It also introduces a deterministic mechanism for ordering transactions across proposer lanes. This will make transaction ordering transparent, predictable, and secure against manipulation by any individual proposer.

Ultimately, Sedna will almost completely remove the MEV and censorship risk that affects every other smart contract blockchain. 

The original Giga breakthrough: multi-proposer consensusIn traditional blockchains, one validator at a time is chosen to propose a block. That validator collects transactions, builds the block, broadcasts it, and then everyone votes on it across multiple rounds before it's finalized. Everything happens in sequence. You can't start the next block until the current one finishes the full propose-vote-vote-commit cycle. The speed of the entire chain is bottlenecked by one proposer at a time and multiple rounds of back-and-forth messaging.

Autobahn throws out that sequential model. Instead of one leader proposing blocks while everyone else waits, every validator will run its own "lane" and continuously stream batches of transactions in parallel. Each validator will propose independently and get a lightweight proof that its data is available from a small quorum of peers -- without requiring everyone to download everything upfront. A designated leader will then periodically take a snapshot called a "tip cut" that will capture the latest batch from every lane and commit them all at once through a streamlined two-phase vote.

This is what will enable Sei Giga’s immense throughput. Instead of being limited to however many transactions one validator can fit into one block per round, every validator will produce data simultaneously, and the consensus layer will synthesize their outputs together, sorting them deterministically by priority fee. The raw throughput ceiling will go from "one proposer's bandwidth" to the aggregate bandwidth of the entire validator set.

The Optimal Design for Institutional TradingBlockchains offer significant advantages over traditional trading venues. These include near instant settlement, shared liquidity, composability and 24/7 markets. However, in spite of these advantages, traditional traders are yet to adopt blockchain technology at scale. 

For a trading environment to be successful, it has to be predictable. Trading on layer one blockchains today, because of the risks posed by MEV and possible censorship from block builders, is not predictable. This makes today’s blockchains fundamentally unsuitable for institutional traders. 

When trading has taken off onchain, it has done so on venues which make the tradeoff of adopting centralized designs in order to make market structure more predictable. However in doing so, these exchanges expose themselves to the same centralization risks that affect legacy trading venues. 

Sei's Giga upgrade will take the completely novel approach of introducing a multi-proposer architecture, and combining it with a private transaction dissemination layer. The result will be the first layer one blockchain that is actually suited for trading at scale. Sei Giga will offer pre-execution privacy, fair transaction ordering, MEV resistance, and censorship resistance while ensuring high throughput and near instant settlement. 

Sei Giga will be the blockchain for trading.

What's NextSei Labs is well underway with the Giga Upgrade. Progress towards Giga can be followed on Sei Labs’ Giga Roadmap. 

The whitepaper's future work section outlines several areas of active development:

Full transaction fee mechanism Autobahn consensus upgradesNew tokenomics for the SEI token The Giga upgrade will be the most complex blockchain upgrade since Ethereum's Merge. The network will transition to the full Giga protocol without regenesis and without taking any element of the network offline.

Read the full whitepaper: https://arxiv.org/pdf/2505.14914

Disclaimer: The roadmap is subject to change based on development progress, market feedback, and other factors. Actual timelines, figures, and outcomes may vary.

KEY TAKEAWAYS

HIP-3 is a Hyperliquid network upgrade launched in October 2025 that allows permissionless deployment of perpetual futures markets by staking 500,000 HYPE tokens. Open interest across HIP-3 markets grew from roughly $790 million in January 2026 to a peak of $3.2 billion by June, according to Grayscale. TradeXYZ, the leading HIP-3 builder, accounts for more than 90% of all HIP-3 open interest with tokenized equities, indices, and commodities. Seven of Hyperliquid’s top ten markets by volume are now tokenized equities or commodity futures rather than traditional cryptocurrency pairs. Grayscale compared Hyperliquid’s infrastructure model to Amazon Web Services, calling it a platform where developers create products while HYPE captures value from every trade. Hyperliquid’s HIP-3 upgrade has quietly transformed a decentralized perpetuals exchange into what Grayscale Research described as “more like Amazon Web Services than a stock exchange” in a June 2026 research note cited by Stocktwits. 

Since launching on October 13, 2025, HIP-3 has enabled permissionless deployment of perpetual futures markets for assets that include NVDA, TSLA, gold, crude oil, and the S&P 500. Open interest surpassed $3.2 billion in June 2026, and on peak days, HIP-3 markets accounted for nearly 48% of Hyperliquid’s total trading volume. 

This article explains the mechanics of HIP-3, how open interest functions on the platform, and what the growth trajectory means for the broader DeFi derivatives market.

How HIP-3 Works: Permissionless Market Deployment HIP-3 enables any participant who stakes 500,000 HYPE tokens, worth approximately $25 million at current prices, to deploy their own perpetual futures exchange on HyperCore, Hyperliquid’s main trading layer.

Deployed markets operate alongside native Hyperliquid pairs but are not covered by the platform’s shared liquidity vault, known as HLP. Instead, deployers manage their own liquidity, according to a detailed CoinGecko analysis published in May 2026. 

Deployers earn half of the trading fees generated on their markets. HIP-3 markets charge roughly double the native fee rate, starting at 0.09% for takers versus 0.045% on native pairs. A “Growth Mode” feature introduced in November 2025 allows deployers to reduce fees by 90% to accelerate adoption, according to OAK Research. 

All HIP-3 markets are margined in USDC, priced against off-chain oracles, and trade 24 hours a day, seven days a week. This always-on structure proved especially relevant during the U.S.-Israeli-Iranian conflict, when high-impact market events developed outside traditional trading hours.

Open Interest Growth: From $790 Million to $3.2 Billion The growth trajectory has been steep. Open interest on HIP-3 markets stood at roughly $790 million in January 2026, crossed $1.43 billion by late March, surpassed $2 billion in April, and reached $3.2 billion in early June, according to a Grayscale research note. 

Since launch, HIP-3 markets have processed over $200 billion in cumulative trading volume. TradeXYZ, a perpetuals platform built by the Hyperunit team, dominates the vertical, accounting for more than 90% of total HIP-3 open interest. 

The platform offers exposure to U.S. equities such as NVDA, TSLA, GOOGL, and AMZN, a synthetic Nasdaq-style index called XYZ100, and commodities, including gold and silver, benchmarked to COMEX front-month futures. Non-crypto assets achieved 60% trader retention in late March 2026, indicating sustained engagement rather than speculative activity.

Analysis: The retention figure is significant. In most DeFi product launches, initial activity spikes and then decays within weeks. A 60% retention rate suggests that HIP-3 is solving a structural problem, 24/7 market access, rather than offering a novelty.

The fact that seven of Hyperliquid‘s top ten markets by volume are now non-crypto assets represents a category shift from a DeFi derivatives protocol toward a global macro trading venue.

Revenue, HYPE Buybacks, and the SpaceX Catalyst Hyperliquid generated $2.3 million in daily fees at peak HIP-3 activity, funding $11 million in HYPE token buybacks. The HYPE token outperformed Bitcoin and Ethereum by over 70% in Q1 2026, according to 99Bitcoins reporting.

The SpaceX initial public offering in June 2026 provided another catalyst. TradeXYZ launched a SpaceX pre-IPO perpetuals market on May 18, 2026, which surpassed $50 million in open interest before SpaceX officially filed its S-1 two days later. 

Moon Rock Capital co-founder Simon Dedic stated in a post on X that the access issues retail traders faced around the SpaceX Nasdaq debut “make the case for trading exposure to high-profile private companies via onchain perpetual futures on Hyperliquid.”

In March 2026, the first S&P 500 perpetual futures product launched on Hyperliquid after S&P Dow Jones Indices licensed the index to a HIP-3 deployer, according to Grayscale.

Regulatory Implications HIP-3 markets offering tokenized equity derivatives operate without KYC requirements, creating a direct conflict with securities regulations in most jurisdictions. The SEC has not issued specific guidance on permissionless perpetual futures tied to U.S. equities. As HIP-3 open interest approaches levels that attract institutional market-making firms, regulatory scrutiny is likely to intensify.

What’s Next for HIP-3? Grayscale’s research note positioned $5 billion in open interest as the inflection point at which HIP-3 markets attract professional market-making firms from CME and CBOE. The launch of HIP-4, which introduces outcome-based prediction market contracts on Hyperliquid, adds a new dimension.

Pending U.S. crypto market structure legislation could either validate or constrain the model. Participants should monitor regulatory developments and the platform’s approach to compliance.

FAQs What is Hyperliquid HIP-3?
HIP-3 is a Hyperliquid network upgrade from October 2025 that lets builders deploy permissionless perpetual futures markets by staking 500,000 HYPE tokens.

How much does it cost to deploy a HIP-3 market?
Deployers must stake 500,000 HYPE tokens, worth approximately $25 million at current prices, to launch a perpetual futures market on HyperCore.

What is open interest on HIP-3?
HIP-3 open interest peaked at $3.2 billion in June 2026, growing from roughly $790 million in January, according to Grayscale research data.

What assets can be traded on HIP-3?
HIP-3 supports tokenized equities like NVDA and TSLA, commodities including gold and oil, indices such asthe  S&P 500, and pre-IPO stocks.

What is TradeXYZ?
TradeXYZ is the leading HIP-3 deployer built by the Hyperunit team, accounting for more than 90% of total HIP-3 open interest across all markets.

How do HIP-3 fees work?
HIP-3 markets charge roughly double native Hyperliquid rates, with half going to the deployer. Growth Mode can reduce these fees by 90%.

What is HIP-4?
HIP-4 is Hyperliquid’s outcome-trading upgrade, launched in May 2026, introducing fully collateralized prediction-market contracts that settle at 0 or 1.

References What is Hyperliquid’s HIP-3? How it works and use cases, OAK Research, June 2026 Hyperliquid’s HIP-3 & HIP-4: Tokenized Stocks and Prediction Markets, CoinGecko, May 2026 Hyperliquid Emerges As Superior Alternative After SpaceX IPO Lockup Chaos, Stocktwits, June 2026 Hyperliquid Fees Explained: Perps, Spot & HIP-3, Datawallet, May 2026

For years, Strategy Inc. traded at a hefty premium to its Bitcoin stash. Investors were willing to pay more than the underlying crypto was worth just for the privilege of exposure through a publicly traded stock. That era appears to be over.

Bloomberg reports that Strategy’s enterprise multiple to net asset value, known as mNAV, has fallen below 1x. In English: the company’s total enterprise value is now less than the market value of the Bitcoin sitting on its balance sheet. As of late June 2026, Strategy’s enterprise value sat at roughly $50.4 billion, while its 847,363 Bitcoin were worth approximately $51.1 billion.

From premium darling to discount bin The stock, which once traded near $540 in November 2024, has cratered to around $82. That’s an 85% decline from its peak.

Bitcoin’s own trajectory tells much of the story. After surging past $126,000 during the 2025 rally, the largest cryptocurrency has retreated to approximately $60,000. Strategy, which has staked its entire corporate identity on accumulating Bitcoin, absorbed every bit of that decline and then some.

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The company, which rebranded from MicroStrategy in February 2025 to better reflect its Bitcoin-centric mission, essentially operates as a leveraged Bitcoin vehicle. Because investors valued Strategy stock above the Bitcoin it held, the company could issue new shares at inflated prices and use the proceeds to buy more Bitcoin. Each share issuance was accretive, meaning existing shareholders got more Bitcoin exposure per dollar invested.

$10 billion in unrealized losses and a shrinking playbook With Bitcoin trading near $60,000, Strategy is now sitting on more than $10 billion in unrealized losses based on the average acquisition cost of its holdings.

The vanishing premium has also killed the equity issuance strategy that fueled the company’s buying spree. To adapt, Strategy has reportedly pivoted toward alternative capital strategies. The company’s playbook now includes debt mechanisms and preferred stock instruments, with plans that could involve up to $1.25 billion in either Bitcoin buybacks or sales. A company that built its brand on never selling Bitcoin is now keeping the option on the table.

Strategy’s balance sheet features a mix of convertible notes, preferred stock offerings, and traditional debt, all layered on top of a single underlying asset.

What this means for investors The mNAV falling below 1x fundamentally changes the investment thesis for Strategy stock. What remains is a stock that gives you slightly less than one dollar of Bitcoin for every dollar you invest, plus corporate debt and preferred stock obligations sitting on top.

Spot Bitcoin ETFs now offer investors direct Bitcoin exposure without the corporate overhead, debt obligations, or management risk that come with owning Strategy stock. When Strategy traded at a premium, it offered something ETFs couldn’t: leveraged upside. At a discount, the value proposition gets murkier.

Investors watching this space should pay close attention to whether Strategy actually executes any Bitcoin sales from that $1.25 billion authorization. The company still holds 847,363 Bitcoin, making it by far the largest corporate holder of the asset.

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

K Wave Media had a Bitcoin strategy. Then it didn’t. On May 6, 2026, the Nasdaq-listed K-Pop and entertainment company sold its entire Bitcoin holdings for $64.2 million, closing the book on a treasury experiment that lasted less than a year.

The company used proceeds from the sale to repay debt, completing a strategic reversal that left KWM holding zero Bitcoin and a very different roadmap than the one it pitched to investors in 2025.

From $1 billion Bitcoin bet to zero Less than a year ago, K Wave Media looked like it was building a serious crypto treasury operation. In 2025, the company secured $1 billion in capital capacity through two separate financing agreements: a $500 million SPA with Anson Funds and a $500 million SEPA with Bitcoin Strategic Reserve.

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The terms were explicit. Eighty percent of net proceeds from certain instruments were designated specifically for Bitcoin purchases. The company followed through, acquiring 88 BTC in July 2025 as the foundation of that strategy.

Then the pivot happened. On May 4, 2026, KWM announced it would redirect up to $485 million of its remaining financing capacity toward artificial intelligence infrastructure initiatives. Two days later, the Bitcoin was gone.

The company also sold its main subsidiary, Play Co., a move designed to eliminate roughly $48 million in debt and liabilities, pending shareholder approval. In a matter of days, KWM went from crypto treasury company to AI infrastructure play.

The market reaction was not subtle Investors who bought into KWM for its Bitcoin exposure were not given much warning. Shares dropped 24% on the day the strategic pivot was announced.

KWM is incorporated in the Cayman Islands and trades on Nasdaq under the ticker KWM. The company’s core business has historically centered on K-Pop content and entertainment.

What this means for corporate Bitcoin holders KWM’s exit is a useful case study in the gap between a company announcing a Bitcoin strategy and actually committing to one. MicroStrategy, now rebranded as Strategy, has held Bitcoin through multiple severe drawdowns and built its entire corporate identity around the position.

The K Wave situation illustrates a specific risk that applies to smaller companies mimicking the treasury playbook: the financing structures used to accumulate Bitcoin often come with conditions, counterparties, and redemption mechanics that can make the position less permanent than it looks from the outside.

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

The XRP Ledger (XRPL) developer community is currently buzzing about the successful return of a highly anticipated network upgrade.

The "Batch" amendment, which was previously delayed due to security concerns, has been merged back into the core repository and is now queued for validator voting.

The announcement was made by XRPL core developer Denis Angell, who confirmed the integration following a rigorous period of testing and review.

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"Batch is BACK!!" Angell declared on X (formerly Twitter). "After an attack-athon, a security audit, and 4 reviews, the batch is officially merged back into the xrpld repo and will be up for voting in the next release."

Angell accompanied his announcement with a quote from Confucius: "A man who has committed a mistake and doesn't correct it is committing another mistake." 

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The pull request has been officially merged from Angell's branch into the development branch of the XRPLF/rippled repository.

What the amendment means for XRPLProminent XRPL community validator and commentator Vet praised the core development team in light of the most recent development. "Massive shoutout to Denis and the whole core dev community for prioritizing the rework with huge amounts of security audits," Vet posted.

An "atomic" transaction means that a series of operations is executed as a single unit. Either all the transactions within the bundle succeed together. 

According to Vet, this atomic bundling capability unlocks crucial new functionalities for the network.

Users can bundle a "send" and a "receive" transaction together, ensuring that a token swap only executes if both parties fulfill their end of the trade simultaneously.

Developers can bundle complex interactions into a single transaction block.

Network validators will vote on its activation in an upcoming rippled release.

Why Is Oobit Expanding in Latin America? Oobit has launched its crypto card in Guatemala and Paraguay, extending its Latin America expansion as stablecoin-based payments gain more traction across the region.

The non-custodial crypto payments platform, backed by Tether, said users in both countries can now spend and send crypto at merchants that accept Visa, both online and in-store. Payments can be made directly from supported wallets, including Phantom, MetaMask, Binance, and Trust Wallet, while merchants receive settlement in local currency.

Guatemala and Paraguay are the 10th and 11th countries included in Oobit’s Latin America rollout. The company is already active in Brazil, Colombia, Bolivia, and other regional markets. The expansion follows Oobit’s May launch in Colombia and its integration of native Pix payment functionality in Brazil.

The company said the card is designed to let users keep custody of their assets rather than depositing funds with a third-party custodian before spending. That structure is central to Oobit’s pitch in markets where users may want crypto payment access without giving up direct wallet control.

How Does the Crypto Card Work? Oobit’s card connects user wallets to Visa-accepting merchants, allowing crypto to be used for everyday purchases while the merchant receives local currency. The model reduces the need for merchants to handle crypto directly, while giving users a way to spend digital assets across existing card payment rails.

The launch also gives users in Guatemala and Paraguay access to Oobit’s OOB cashback programme. The company said 74% of swaps over the past 30 days were from USDT to OOB, while 18% were from USDC to OOB. Users who swap into OOB before spending may receive cashback of up to 10%.

Oobit also said users in both countries will be able to join the waitlist for its AI Agent Cards. The company did not provide further launch details in the announcement, but the feature adds another product layer to its regional payments strategy.

The company’s Latin America expansion has been supported by Tether, a strategic investor in Oobit. Oobit said the partnership has helped its regional growth, particularly around stablecoin-based payments.

Investor Takeaway Oobit’s launch in Guatemala and Paraguay shows how crypto payment firms are targeting markets where stablecoins already serve practical use cases. The key commercial test is whether wallet-based spending can move beyond crypto-native users and become part of routine retail payments.

What Do Oobit’s Spending Figures Show? Oobit cited internal platform data showing higher use of crypto for everyday spending across Latin America. Average monthly spend per user reached $1,168 in June, while daily average spend per user rose from about $80 in March to about $200 in June. On peak days, daily average spend exceeded $480.

The company said spending activity was concentrated in categories including groceries, restaurants, taxis and ride-hailing, fast food, and convenience stores. Those categories are important because they point to recurring consumer payments rather than occasional crypto transactions.

Stablecoins accounted for a large share of payment activity. USDT represented 47% of payments on Oobit’s platform and about 60% of deposits, according to company figures. Brazil remains Oobit’s largest Latin American market by users, accounting for 61% of the regional total.

The data supports a broader industry trend in which stablecoins are being used less as trading instruments and more as payment and settlement tools in markets with remittance flows, currency volatility, or limited access to low-cost cross-border financial services.

Why Do Guatemala and Paraguay Matter? Guatemala and Paraguay give Oobit access to 2 markets where crypto usage is growing from different starting points. In Guatemala, remittances account for nearly 20% of GDP, making payment cost, dollar access, and cross-border transfer efficiency important parts of the financial landscape.

Oobit cited figures showing crypto adoption in Guatemala grew 88% in one quarter in 2025. The country also introduced proposed cryptocurrency legislation, Bill 6538, in May 2025, pointing to a market where digital asset activity is expanding while the policy framework continues to develop.

In Paraguay, Oobit said crypto activity grew 52% in the second quarter of 2025. The company also pointed to a tax reporting framework introduced in January 2025 as a sign of a more formalized digital asset market.

Across Latin America, crypto transaction volume reached nearly $1.5 trillion between July 2022 and June 2025, according to figures cited by Oobit. Stablecoins remain central to that activity, especially where users need dollar-linked instruments for payments, transfers, or spending.

For Oobit, the next stage is execution. The company is entering markets where crypto adoption is rising, but card-based crypto spending still needs merchant coverage, wallet integration, user trust, and clear compliance treatment. Guatemala and Paraguay add scale to its Latin America footprint, but the broader opportunity depends on whether stablecoin payments can become a regular consumer habit rather than a niche crypto feature.

https://en.wikipedia.org/wiki/New_York_Life_Insurance_Company

New York Life Investment Management (NYLIM) has partnered with Centrifuge to launch its first tokenized product, the NYLIM Anemoy U.S. High Yield Corporate Bond Segregated Portfolio. This move marks a significant step towards integrating blockchain technology into traditional finance, allowing institutional access to tokenized fixed-income assets. The new fund, which is settled in USDC, is not available to U.S. investors due to regulatory limitations. The announcement has triggered market discussions, with implications for the perceived value of tokenized asset-related entities.

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Key Takeaways The partnership between New York Life and Centrifuge appears to suggest increased institutional interest in tokenized assets. Market pricing indicates a moderate increase in STRC’s perceived value following the announcement. The launch of the tokenized bond fund is consistent with scenarios where institutional access to blockchain-based financial products expands. What to Watch Observers may find it valuable to monitor further institutional moves towards tokenization, as these could influence market dynamics. Regulatory developments in the U.S. concerning tokenized assets remain a potential catalyst for changes in market sentiment. Key actors such as Michael Saylor and Phong Le may play roles in shaping future discussions around blockchain integration in traditional finance.

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Term Structure

Contract Odds Δ since publish Volume 24h December 31 46% — — View market → September 30 34.5% — — View market →

Uniswap v2, v3, v4, and UniswapX are live on Robinhood Chain, a Layer 2 built by Robinhood Crypto. Uniswap serves as the primary public AMM on Robinhood Chain with support on the Uniswap Web App, Wallet, and API available from day one. The uniswap-trading-tools AI plugin, which will include three new skills, is coming soon.

Robinhood Chain on Uniswap Robinhood and Uniswap share a mission to democratize finance for all. Robinhood opened access to investing from inside traditional finance while Uniswap pioneered open, self-custodial markets in DeFi, where anyone can swap, provide liquidity, and own assets without an intermediary. On Robinhood Chain, those two paths converge with Uniswap serving as the primary public AMM.

Anyone can now swap, provide liquidity, buy stock tokens, program AI agents, and explore Robinhood Chain with Uniswap. It’s the same trusted set of products millions of users already rely on, now available on Robinhood Chain.

Stock Tokens From day one, Uniswap supports Robinhood Stock Tokens on the Web App, Wallet, and API via UniswapX, Uniswap’s intent based trading infrastructure, and the AMM. Stock Tokens are fully transferrable on Robinhood Chain, offering users around the world a chance to trade and own Stock Tokens 24/7, unlocking new DeFi opportunities outside the constraints of traditional finance.

Developers and Agents For developers, Uniswap API makes it easy to add trading for crypto and real-world assets on Robinhood Chain, directly into applications and bots. To add support:

Go to the developer dashboard to create an account and get an API key Follow the Quickstart Guide to integrate your first trading experience, setting the chain ID 4663 for Robinhood Chain. To help builders move faster, Uniswap Labs has also built an open-source AI skill library that teaches any coding agent (Claude Code, Cursor, or your own custom agent) how to integrate Uniswap:

npx skills add Uniswap/uniswap-ai

What you can build on Robinhood Chain

Integrate trading (swap-integration): Generate code to quote and execute swaps via the Uniswap API, Universal Router, or direct contract calls. Point it at chain 4663; it handles approvals, calldata, and slippage. Build with the v4 SDK (v4-sdk-integration): Create trading tools specific to building swap and liquidity UX. Discover and plan (swap-planner, liquidity-planner): Research Robinhood Chain assets and pools and surface trade or LP options before anything executes. A liquidity layer for tokenized value As tokenized value moves onchain, from equities to RWAs to stablecoins, it needs deep, reliable, accessible liquidity. Uniswap is a critical liquidity layer for these assets, now live on Robinhood Chain.

Swappers: explore tokens, swap, and provide liquidity Builders: add Robinhood Chain to your app using the API Agents: add uniswap-ai to integrate Uniswap

June 2026 marked another milestone month for tokenization across the Solana ecosystem. Trading activity accelerated to record levels as tokenized equities attracted growing participation from both institutional and retail investors. Financial institutions continued launching regulated investment products on Solana, while tokenized funds, commodities, and real-world assets expanded into new markets.

The month also highlighted the increasing integration between traditional finance and blockchain infrastructure. From tokenized stocks and funds to museum-grade dinosaur fossils, June demonstrated the widening range of assets finding their way onchain.

Here is everything you might have missed:

June 10: Jupiter Adds Leveraged Tokenized Equities Jupiter Exchange integrated SHIFT's leveraged tokenized equities, bringing Series Tokens to Solana.

The products track leveraged stock ETFs, while Jupiter introduced a dedicated screener displaying price, trading volume, holder count, and discount to mark value, making these products easier for users to monitor.

June 12: SpaceX Trading Arrives Onchain Backpack Securities launched tokenized SpaceX stock under the ticker $SPCX on Solana on the same day SpaceX became available in traditional financial markets.

The tokenized asset generated $51 million in trading volume during its first 24 hours, making it one of the strongest launches for a tokenized equity on the network.

The same day, Securitize launched STAC, its tokenized AAA CLO fund, on Solana. The fund is backed by Bank of New York Mellon as custodian and sub-adviser, while Ethena Labs announced plans to allocate $250 million to the product.

June 16: SpaceX Volume Surpasses $100 Million Demand for tokenized SpaceX shares continued to accelerate. 24-hour trading volume for $SPCX exceeded $100 million for the first time, underscoring growing investor interest in tokenized equity exposure.

June 17: Institutional Listings Continue to Expand Ondo Finance announced the addition of 173 new tokenized stocks and ETFs, expanding its catalog to more than 430 traditional financial assets.

On the same day, Onpharma launched a security token offering on Solana with First Block and Crito Capital.

Trading activity also remained strong. Solana recorded $116 million in tokenized equities volume, accounting for approximately 94% of all tokenized stock trading volume across blockchain networks.

$SPCX led activity with nearly $90 million in trading volume, while Backpack accounted for approximately 95% of that trading.

June 21: Collector Crypt Reaches Revenue Milestone Collector Crypt generated more than $5 million in weekly revenue for the first time.

The milestone pushed the platform's cumulative lifetime revenue beyond $68 million, highlighting continued demand for tokenized collectibles within Solana's growing real-world asset ecosystem.

June 22: UK Regulated Fund Launches Onchain $BAGEY, the first publicly available fully native UK-regulated tokenized fund built with BNY, launched on Solana.

The launch represents another example of regulated investment products adopting blockchain infrastructure for fund administration.

June 23: Tokenized Funds and Stocks Reach New Milestones Allfunds, one of the world's largest fund distribution networks, expanded its tokenized funds to Solana. The integration connects more than 3,300 financial firms and nearly €1.8 trillion in administered assets to onchain markets, broadening institutional access to tokenized investment products.

The same day, total tokenized stock transfer volume on Solana surpassed $10 billion, underscoring the rapid growth of tokenized securities activity across the network.

June 24: Tokenized Assets Reach New Highs June 24 produced one of the busiest days of the month for tokenization on Solana. Tokenized assets accounted for approximately 19% of all daily DEX volume on Solana, representing a new all-time high of roughly $569.19 million in trading activity. For the day, tokenized assets generated more trading volume than memecoins.

Tokenized stock trading volume also reached a record $683 million in 24-hour trading volume. Trading activity centered on tokenized shares of SpaceX and Micron, which ranked among the most actively traded assets. Backpack Securities and Sunrise continued to expand the market by listing tokenized SanDisk shares under the ticker $SNDK that same day.

Outside traditional financial assets, JurassicFi announced plans to tokenize Deaton, a museum-grade Triceratops prorsus skull with approximately 60-65% bone completeness and all 3 original horns intact.

June 25: Institutional Adoption Expands Internationally Paxos launched its tokenized gold asset, PAXG, on Solana through Sunrise. The launch marks the first expansion of PAXG beyond Ethereum.

The same day, the Solana ETF SOLZ_KZ began trading on the Kazakhstan Stock Exchange, providing qualified investors in Kazakhstan with regulated exposure to Solana.

Kazakhstan Exchange also outlined plans to enable domestic companies to issue ETFs and tokenize assets using Solana infrastructure, reflecting growing international interest in blockchain-based financial products.

June 28: Raydium Surpasses $3 Billion Tokenized Equities Volume Raydium surpassed $3 billion in cumulative tokenized equities trading volume after crossing the $2 billion milestone earlier in the month, on June 6.

June 29: Tokenized Equities on Solana Records Its Largest Week Ever Solana achieved its largest week on record for tokenized equities. Weekly trading volume reached approximately $1.36 billion while the network captured 96% of all tokenized stock trading volume across blockchain ecosystems.

The achievement also extended Solana's lead over all Layer 1 and Layer 2 blockchains to 56 consecutive weeks, reinforcing its position as the leading network for tokenized equities.

Internet Capital Markets Continue Rapid Expansion Last week, SolanaFloor's The Big Picture podcast went live on X, with Seraphim from the Solana Foundation discussing stocks on Solana, how to solve liquidity issues, what comes next for digital asset tokens, and whether Solana perps can compete. He noted that tokenized equity trading volumes could consistently outpace memecoin trading volumes, driven by growing demand for stocks on Solana. “We have to enable stuff that allows you to trade assets people want to trade, and that's stocks at the moment,” he added.

Open Standard also launched $OUSD, a new stablecoin backed by over 140 partners including Visa, Stripe, Mastercard, Coinbase and BlackRock. The protocol promises to distribute earnings from reserves among partners alongside fee-free redemption and minting.

Throughout the month, Solana maintained its leadership in tokenized securities. Record trading volumes, expanding institutional participation, and continued product launches highlighted the network's growing role within global tokenized markets.

“Head of Taking Risk” at Solana Foundation on The Big Picture

Solana price is trading near $77, roughly flat over the past 24 hours, with the broader crypto market holding a cautious equilibrium as Q2 2026 closes. The session’s most consequential data point is not a price move, it is a revenue figure: Solana’s decentralized application ecosystem generated $257 million in Q2 2026, topping every Layer 1 and Layer 2 blockchain on the market for the ninth consecutive quarter.

Among notable altcoin moves, Ethereum is up roughly 1.2% over 24 hours while Base-native tokens show mixed performance. Total market 24-hour volume is tracking near $98 billion, marginally above the prior session, suggesting participation is steady rather than surging.

DISCOVER: The Next 1000x Crypto Gem Before It Lists on Binance

Nine Quarters, One Network: What Solana’s Revenue Streak Actually Means The central question this data raises: is Solana’s dominance a cyclical accident or a structural reality? Nine consecutive quarters of leading all blockchains in dApp revenue, a streak running since early 2024, argues strongly for the latter. Ethereum, Tron, Base, and Hyperliquid have each had moments at the top. None has dislodged Solana.

The $257 million Q2 2026 figure represents a slight year-over-year dip from Q2 2025’s $271 million, but the competitive gap remains wide. According to Syndica’s January 2026 deep dive, Solana held 41% of total Web3 dApp revenue at the start of the year, up from 33% in December 2025, with global Web3 dApp revenue totalling $385 million that month and Solana’s $158 million slice representing a 72% month-over-month jump.

That is not a plurality. That is a near-majority of an industry-wide metric held by a single network.

📊DATA: In Q2 2026, @Solana dApps generated $257M in revenue, leading all L1 and L2 blockchains for the 9th consecutive quarter. pic.twitter.com/syrtL3LFjY

— SolanaFloor (@SolanaFloor) July 1, 2026

Protocol-level data from TheStreet adds granularity. In Q1 2026, Solana posted $292 million in dApp revenue, with two applications accounting for the bulk of it: Pump.fun generated $123 million (42% of the network total) and Axiom contributed $58 million (20%).

Those two platforms alone, a memecoin launchpad and a trading terminal, captured nearly two-thirds of Solana’s entire quarterly haul. The concentration is notable: Syndica’s data found the top eight Solana dApps accounting for 78% of the network’s own revenue.

Weekly competitive data reinforces the trend’s durability. In the week ending April 20, 2026, Solana posted $16.94 million in weekly dApp revenue, its fifth consecutive week at number one, ahead of Hyperliquid at $14.18 million and Ethereum at $13.55 million.

In May 2026, Solana generated $91 million in monthly application revenue versus Hyperliquid’s $53 million and Ethereum’s $52 million, according to DefiLlama data cited by Bitcoin.com.

DISCOVER: Best Meme Coin ICOs to Invest in 2026

The Memecoin Risk Embedded in Solana’s Revenue Model Blockchain revenue figures matter precisely because they are harder to game than alternative metrics. Total value locked, TVL, the sum of assets deposited into DeFi protocols – can be inflated through recursive deposits, where the same capital is counted multiple times across lending and liquidity pools. Daily active addresses can be manufactured. Revenue cannot: it reflects users paying fees for something they chose to use.

That said, Solana’s revenue mix carries a concentration risk that investors in SOL should price honestly. Memecoins and memecoin-adjacent trading infrastructure, Pump.fun being the clearest example, have driven a disproportionate share of the network’s fee income. If speculative appetite in that category cools materially, the quarterly totals will register it.

The $200 million-plus threshold is the number to watch for Q3 2026: can Solana hold it without a memecoin trading supercycle providing the floor? Solana memecoin DEX volume trends heading into July 2026 suggest the category remains active, though below its early-2026 peak.

Solana's revenue is twofold. People only talk about half of it, but retail will trade both

Memes: Pumpfun is the memecoin casino, which brings attention and volumes to the chain

Then you have productive assets like MetaDAO, perps onchain , etchttps://t.co/ypVkyFVE4g pic.twitter.com/vdtSfDLQQQ

— Ansem 🐂🀄️ (@blknoiz06) June 25, 2026

The more constructive read is that DeFi and consumer applications are maturing as a second revenue pillar. Axiom’s sustained presence in the top two earners, $58 million in Q1 2026 after a breakout $126.6 million in Q2 2025, according to The Currency Analytics, shows that trading infrastructure beyond pure memecoin issuance is generating durable fees.

For a fuller picture of how institutional capital is positioning around Solana’s structural lead despite recent price softness, the SOL institutional adoption and price divergence analysis lays out the tension clearly.

Meanwhile, Ethereum’s path back to dApp revenue leadership runs through its Layer 2 ecosystem, Base, Arbitrum, Optimism, but that revenue remains fragmented across multiple chains. Aggregated, it still does not consistently match what Solana generates as a single unified network.

Ethereum’s own challenges at the base layer, detailed in the current Ethereum price and key levels outlook, compound the difficulty of closing that gap in the near term.

Nine quarters of leading all blockchains in dApp revenue is no longer a streak. It is a structural baseline, and the Q3 2026 data will show whether Solana’s non-memecoin revenue base has grown enough to defend it independently.

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Solana Foundation says onchain governance is now live, letting validators with at least 100,000 SOL delegated open proposals that go to a stake-weighted vote once they clear 15% cluster support.

Solana Foundation announced Wednesday that onchain governance is live on the network, letting validators propose and vote on protocol-level decisions through a system called Solana Governance Proposals, or SGPs.

The mechanism is fully onchain, stake-weighted and verified by Merkle proof, according to the Foundation's announcement thread. Any validator with at least 100,000 SOL delegated can open a proposal, and a proposal only opens for a vote once it clears 15% of cluster stake support. Delegators who disagree with how their validator voted, or whose validator did not vote at all, can override that vote using their own stake weight.

Merkle-Verified VotesThe system runs on two onchain programs described in the project's technical documentation: an NCN, or Node Consensus Network, snapshot program that establishes verifiable stake weights, and a voting program called svmgov. Whitelisted operators independently build Merkle trees of validator stake from the Solana ledger and vote on a canonical snapshot. Once they agree, a consensus result publishes onchain, and validators prove their stake weight against it with a Merkle proof when they vote.

The two onchain programs are deployed as `ncn-snapshot` and `svmgov`, according to the governance documentation, with the snapshot program building the canonical stake tree that the voting program checks against for every ballot cast.

SGPs Versus SIMDsSGPs sit apart from Solana Improvement Documents, or SIMDs, the process core developers already use for technical protocol changes. Per the solana-governance-proposals repository, a SIMD answers "how exactly do we do this," decided by technical review from core developers, while an SGP answers "should we do this," decided by a stake-weighted onchain vote. By default, decision-making stays with core developers and the SIMD process; an SGP interrupts that path only when the 15% stake-support threshold is met, and does not block a SIMD from moving forward on its own.

The Foundation pointed validators and delegators to the governance dashboard, documentation and the svmgov codebase to start participating.

The launch follows a run of Solana Foundation initiatives aimed at institutional and validator participation, including a native payments rail for subscriptions and allowances and MoneyGram joining the network as a validator.

Robinhood Chain brings tokenized real-world assets on-chain. 1inch makes them easier to trade.

What chain should you use to trade RWAs smoothly and efficiently? One answer is Robinhood Chain, an Arbitrum-based network specifically built for real-world asset trading. 1inch has integrated Robinhood Chain with a simple goal: make tokenized real-world assets easier to access, route and trade through 1inch.

“Robinhood Chain brings tokenized real-world assets on-chain,” says Sergej Kunz, 1inch co-founder. “Our role is to provide the infrastructure that makes them liquid and tradable. As one of the largest US retail crypto platforms enters the RWA market, efficient routing, deep liquidity and reliable execution become increasingly important. That’s what 1inch has spent years building.”

Bringing RWA swaps to 1inchRobinhood Chain is expected to become a high-visibility network for tokenized assets. For eligible users, this means a new network focused on real-world assets. Now, 1inch brings its routing and swap infrastructure to one of the most closely watched RWA ecosystems from the start.

As a launch partner on Robinhood Chain, 1inch supports RWA swaps on the 1inch dApp and in 1inch Wallet, helping eligible users access tokenized assets through a familiar DeFi flow. Beyond 1inch’s consumer apps, Robinhood Chain RWA swaps will also be accessible via the 1inch Swap API, available on 1inch Business alongside other APIs - enabling third-party apps and partners to integrate Robinhood Chain swaps directly.

No waiting for the bell. No fragmented manual routing. Just on-chain access through 1inch.

Why Robinhood Chain mattersRWAs are changing what can move on-chain.

Tokenized RWAs and other real-world assets can enable eligible users to gain exposure to more  traditional financial products. But tokenization alone is not enough. These assets also need liquidity, pricing and reliable execution.

That is where swap infrastructure matters.

If users need to move between venues, chains and interfaces just to trade an RWA, the experience remains too fragmented. Robinhood Chain can bring assets on-chain. 1inch can help make them tradable.

Built for 24/7 tokenized marketsThe product promise is clear: traditional markets close at 4 pm, but tokenized markets can move around the clock.

With Robinhood Chain integration, 1inch aims to let eligible users swap tokenized real-world assets anytime during the work week, from anywhere, using the execution quality 1inch is known for.

This matters because RWA liquidity can be fragmented across issuers, venues and market participants. 1inch routing helps eligible users access available liquidity more efficiently, also supporting intent-based execution where available.

For RWA traders, that means less manual route hunting and a simpler path to execution.

Supporting the Robinhood Chain ecosystemThe integration is not only about users.

Token issuers, liquidity providers and ecosystem partners also need infrastructure that can support early network growth. By integrating and supporting Robinhood Chain at its launch, 1inch can help create a smoother trading environment for the assets and partners building on the network.

This is how DeFi infrastructure scales: not through isolated products, but through connected systems.

Robinhood Chain brings RWAs on-chain. 1inch helps make them swappable.

The next phase of RWA tradingRWA markets are moving from issuance to usability.

The next question is not only which assets can be tokenized. It is whether eligible users can actually trade them easily, efficiently and securely across DeFi.

By supporting Robinhood Chain, 1inch is one of the first major routing and swap platforms available on the network. This strengthens 1inch’s role in RWA execution and gives eligible users a new way to access tokenized asset markets through the 1inch dApp and 1inch Wallet.

Swap on 1inch across networks, including Robinhood Chain.

Disclaimer 1:

This content is for general information purposes only and does not constitute financial, investment, tax, or legal advice and is not a recommendation to buy or sell any particular digital asset or to employ any specific investment strategy.

Disclaimer 2:

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At a London keynote, the trading platform opened its Arbitrum-based Layer 2 to the public, rolled out new stock tokens and a Morpho-powered lending product, and confirmed launches in Canada and Singapore alongside plans for crypto trading in the UK.

Robinhood put its blockchain ambitions into production on July 1, launching the public mainnet of Robinhood Chain and pairing it with a wave of trading and lending products built to run on top of it.

The announcements came during a keynote called "Robinhood Presents: The World is Flat," streamed live from the Old Royal Naval College in London and hosted by CEO Vlad Tenev and Johann Kerbrat, SVP and General Manager of Crypto and International.

"Decentralized finance unlocks possibilities beyond what traditional finance can offer, but historically, it has required technical expertise to navigate," Kerbrat said in the announcement. "We're bringing the best of traditional finance and DeFi together, and in doing so, expanding financial ownership to every corner of the globe."

Robinhood Chain Moves From Testnet to MainnetRobinhood Chain first went live as a public testnet in February, when the company launched the Arbitrum-based Layer 2 at Consensus Hong Kong. The network is now live in production, with Robinhood describing it as an institutional-grade, permissionless chain built for tokenized real-world assets and DeFi primitives like onchain lending and borrowing.

Uniswap is deploying a dedicated automated market maker on the chain to act as a public liquidity venue, and a firm called Pleiades is deploying its own AMM as a proprietary trading venue, according to Robinhood. The company also named Alchemy, BitGo, and Chainlink as infrastructure partners providing custody, oracle, and data services.

Stock Tokens Go Live in the Robinhood WalletRobinhood is rolling out a new version of its tokenized-equity product, called Stock Tokens, inside the Robinhood Wallet in more than 120 countries, though availability depends on jurisdiction. Under the new structure, eligible users can trade around the clock on Robinhood Chain and use the tokens as collateral or deposit them into lending pools across DeFi. Trading will route through decentralized exchanges including Uniswap, Rialto, Lighter, Arcus, and 1inch.

Per Robinhood's disclosures, Stock Tokens are tokenized debt securities issued by Robinhood Assets (Jersey) Limited that track the price of the underlying stock but do not confer any legal or beneficial ownership in the security itself — a distinction that drew scrutiny when Robinhood first launched tokenized shares of OpenAI and SpaceX in the EU last year and OpenAI publicly said it had not endorsed or partnered on the product. The original version of the product, now called Classic Stock Tokens, remains available as a derivative contract through the Robinhood Europe app.

Stock Tokens are not available to US persons and are restricted in a number of other jurisdictions, including Canada, the UK, Switzerland, and the UAE, according to Robinhood.

Onchain Lending Robinhood is also rolling out Robinhood Earn to eligible US users, a self-custody lending product that lets people lend USDG for an estimated 7% APY. Robinhood said the lending runs on Morpho, the lending protocol that currently holds roughly $6.6 billion in total value locked across chains, according to DefiLlama.

Robinhood named Steakhouse, Ethena, Spark, and Maple as partners on the product and said losses from cyber or smart-contract exploits are covered by insurance procured through Lloyd's of London and RELM.

Perpetuals Expand in the Wallet and in EuropeRobinhood updated its self-custody Wallet app to integrate more directly with Robinhood Chain, and eligible users in select jurisdictions can now trade perpetual futures on Lighter, a decentralized derivatives exchange, from within the Wallet.

Lighter said it has committed $11 million worth of its LIT token to Robinhood users, who can earn points toward that allocation at a 2x rate when trading through the Wallet versus 1x on Lighter's own app. LIT was trading around $1.65 on CoinGecko at time of publication, with the token's most recent moves tied to momentum around the CLARITY Act, US market-structure legislation, rather than the Robinhood integration.

Separately, Robinhood is expanding perpetual futures in Europe beyond crypto for the first time. Eligible EU users can now trade perpetuals on commodities, ETFs, and FX pairs — including gold, silver, QQQ, EUR/USD, WTI and Brent crude, and EWY — with up to 10x leverage, rolling out in waves. Crypto perpetuals became one of Robinhood's fastest-growing products in Europe after the company expanded its regulated platform to 30 EU and EEA countries last year.

In the US, Robinhood is introducing maker order types for crypto traders, with fees as low as 0% based on volume for professional and advanced traders providing liquidity.

Global FootprintRobinhood said it now serves nearly 28 million customers across 38 countries on three continents, and it paired the keynote with several regional updates.

Robinhood said it plans to launch crypto trading in the UK "soon," a step that would add crypto to the equities, options, and futures products already offered through Robinhood UK Ltd, which is regulated by the Financial Conduct Authority.

In Canada, Robinhood said its app is now officially available to Canadian residents, following the close of its acquisition of WonderFi, the parent company of crypto platforms Bitbuy and Coinsquare. Crypto services in Canada are offered through Coinsquare Capital Markets Ltd., and Robinhood said Canadian customers will pay zero trading commissions through September 30.

Robinhood Singapore said it has received a capital markets services licence from the Monetary Authority of Singapore, which the company described as a significant step toward offering brokerage services in the country. MAS had granted Robinhood in-principle approval for the licence in April, according to earlier reporting, meaning Wednesday's announcement marks the conversion of that preliminary approval into a full licence.

Agentic Trading Extends to CryptoRobinhood is preparing to expand Agentic Trading to crypto for eligible US users. The company introduced Agentic Trading and the Agentic Credit Card in late May, letting customers connect third-party AI agents to a dedicated account through Robinhood's Trading MCP server; that initial beta supported equities, with options and other asset classes described as coming later.

Robinhood said the crypto version will let eligible traders connect an AI model of choice to Robinhood's data and execute strategies automatically, while giving users control over capital allocation and safety guardrails. The company said Agentic Trading for crypto will roll out at no additional cost.

Robinhood's own disclosures caution that agentic trading carries the risk that AI agents can misinterpret instructions, act on outdated information, or behave unexpectedly, and that the company does not guarantee the accuracy of any agent-generated trade.

Robinhood shares (NASDAQ: HOOD) were trading around $108, up more than 7% on the day, according to StockAnalysis.com — a move that predates the keynote and tracks with strong preliminary June trading volumes and a string of Wall Street price-target increases in the days before the event, rather than a reaction to Wednesday's announcements.

Sen. Elizabeth Warren (D-Mass.) pushed for stronger legislation to bar President Donald Trump and his family from profiting off cryptocurrency, after new disclosures on Tuesday revealed income in excess of $1 billion in 2025.

Warren Demands Improved Crypto BillWarren said that the cryptocurrency legislation, i.e., the Clarity Act, eligible for a full floor vote in the Senate, must have provisions to stop Trump and his family from making money from cryptocurrency ventures.

Steve Rattner, a well-known Wall Street financier, weighed in on the financial benefits of the “Trump family’s White House self-dealing.”

‘Not A Good Look’Lawrence Lepard, an investment manager and Austrian economist, said that the disclosure didn’t give a “good look” and could spark political backlash against cryptocurrency if Democrats regain power.

Former Trump White House lawyer Ty Cobb was sharply critical of Trump’s cryptocurrency fortune, deeming it as “greatest onslaught of corruption in the history of mankind.”

Trump Made A Bomb With CryptoAccording to financial disclosure released on Tuesday, Trump’s cryptocurrency ventures netted him roughly $1.2 billion in 2025, the very first year of his presidency.

The windfall included over $520 million from the sale of tokens issued by World Liberty Financial and more than $635 million in royalties collected from the Official Trump (CRYPTO: TRUMP) memecoin.

The White House didn’t immediately return Benzinga’s request for comment.

Photo courtesy: Sheila Fitzgerald on Shutterstock.com

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Ripple President Monica Long recently shared a vision for the future of digital payments. "The future of payments will be multichain, interoperable, and built on institutional-grade blockchain infrastructure," said the Ripple President.

The future of payments will be multichain, interoperable, and built on institutional-grade blockchain infrastructure.

Our focus is simple: continue making the XRPL the leading blockchain for institutional payments – and a natural home for the next generation of key regulated… https://t.co/8Pc5Yleskr

— Monica Long (@MonicaLongSF) June 30, 2026 Long was reacting to recent developments, including Ripple joining the Open USD stablecoin as a day-one integration partner, highlighting the company's commitment to open, multichain infrastructure that supports institutional adoption across the digital asset ecosystem.

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Open USD, a dollar-pegged stablecoin, was launched by a consortium of more than 140 financial and technology companies, including Visa, Mastercard, Stripe and Coinbase, on Tuesday.

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The roll call of backers resembles a cross-section of Wall Street and Silicon Valley. Ripple, BlackRock, BNY, Standard Chartered, Google and Shopify are all listed as founding partners.

With financial institutions showing growing interest in blockchain-based settlement and regulated stablecoins, Ripple President Long highlights the company's long-term strategy for expanding the role of the XRP Ledger, XRP and RLUSD in institutional finance.

XRP, XRPL and RLUSD vision outlinedAccording to Long, Ripple's focus remains simple: to continue making the XRP Ledger the leading blockchain for institutional payments. This demonstrates that Ripple is positioning the XRP Ledger as infrastructure for institutions seeking blockchain-based settlement solutions.

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Ripple is also concentrating its efforts to make the XRP Ledger a natural home for the next generation of key regulated stablecoins while growing the utility and adoption of RLUSD and XRP globally.

Long's comments show Ripple's commitment to enhancing the real-world utility and adoption of XRP alongside RLUSD as institutional demand continues.

Ripple Prime processes over $3 trillion annually on behalf of over 300 institutional clients, according to Mike Higgins. During a recent discussion, the Ripple Prime CEO shared where the infrastructure is headed next in an effort to bring the prime brokerage and clearing layer directly onto the XRP Ledger.

JPMorgan has voiced its support for the CLARITY Act, a legislative proposal designed to bring clearer rules to digital assets in the United States. Arguing that a transparent and consistent regulatory framework is vital for the growth of the crypto sector, the bank also cautioned that regulation should not be rushed.

Cautious optimism alongside support for regulationIn a joint opinion piece, JPMorgan executives Umar Farooq and Peter Muriungi stated that digital assets have moved beyond the realm of experimentation and are now becoming core elements of modern finance. The pair highlighted the growing use of digital assets in payment systems, trading, settlement, and cross-border transactions.

Umar Farooq and Peter Muriungi emphasized that digital assets have left behind their experimental phase, and are now a visible part of the financial infrastructure, from payments to international transfers.

According to the executives, the next frontier in financial innovation will be tokenization and programmable money. By moving real-world assets onto blockchain networks and automating transactions through smart contracts, processes such as settlement can be accelerated, costs lowered, and global payments made more efficient.

Glossary: Tokenization refers to creating a digital representation of real-world assets—such as stocks, bonds, or real estate—on a blockchain. Programmable money describes digital currencies that can transfer automatically when certain conditions are met.

Still, JPMorgan stressed that innovation should be matched by robust safeguards. The bank argued that an effective legal framework must clearly define consumer protections, market integrity, and the responsibilities of regulatory bodies. Without these, there is a risk that vulnerabilities will shift to less well-supervised areas.

Why this matters for Ripple and XRPThis approach carries particular significance for XRP and Ripple. Ripple has long grappled with regulatory uncertainty in the US. Its high-profile legal battle with the SEC concluded in August of last year. Despite some notable court victories for Ripple, a comprehensive framework governing the oversight of digital assets remains unresolved.

The CLARITY Act is designed to reduce this uncertainty and distribute regulatory responsibilities more clearly. With more defined rules, banks, fintechs, developers, and institutional investors could be expected to place greater trust in blockchain-based financial products.

Potential boost for institutional adoptionClearer regulation could provide a favorable environment for Ripple, which aims to enable faster and lower-cost cross-border payments. As the legal landscape becomes more defined, financial institutions may be more inclined to integrate Ripple’s payment technology and use XRP as an on-demand liquidity bridge asset.

JPMorgan’s support highlights a growing shift toward blockchain-backed financial infrastructure on a broader scale. Should the CLARITY Act become law, it is expected to reduce at least part of the regulatory uncertainty seen as a major obstacle to institutional participation.

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.

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XRP and HYPE ETFs saw significant net inflows in June 2026, amounting to $59 million and $161 million, respectively, according to CoinDesk. This development contrasts with the broader trend of outflows in Bitcoin and Ethereum ETFs during the same period. These inflows may indicate increased institutional interest in these assets, supported by regulatory developments such as the CLARITY Act for XRP and strong on-chain demand for HYPE. XRP’s price hovered around $1.30 in early June, while HYPE reached approximately $57, close to its all-time high.

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Key Takeaways XRP and HYPE ETFs’ net inflows in June suggest growing institutional interest, contrasting with outflows in other crypto ETFs. Market pricing suggests that the inflow into XRP ETFs could influence XRP’s price, potentially pushing it higher. Regulatory clarity and robust on-chain demand appear to support these inflows and the positive market sentiment surrounding XRP and HYPE. What to Watch Watch for the potential impact of regulatory developments, particularly the passage of the CLARITY Act, which could further influence XRP’s price movement. Additionally, any significant announcements from major asset managers regarding XRP ETFs might affect the pricing. Observing XRP’s ability to break resistance levels, such as $1.45, and market reactions to broader crypto trends will be crucial in the coming days.

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Contract Odds Δ since publish Volume 24h July 6 1.8% — — View market → July 6 26% — — View market → July 6 55.5% — — View market → July 6 1.4% — — View market → July 6 2.2% — — View market →