@NEARProtocol says its token buyback program is accelerating, with Intents fees increasingly outpacing new issuance. The mechanism is straightforward: 100% of fees generated through NEAR Intents are used to purchase $NEAR directly on the open market, creating buy pressure that scales with transaction volume. Cumulative Intents volume has now passed $22 billion, and the capture rate has climbed from roughly 12% over its lifetime to near 30% in the past week alone.
Two Structural Changes Set the Stage Two protocol upgrades have made the deflation thesis credible. On October 30, 2025, NEAR's inflation rate was permanently reduced from 5% to 2.5%, cutting annual issuance roughly in half and compressing the volume required to reach net deflation by the same amount. Then on February 23, 2026, the fee conversion mechanism activated for the first time, routing all NEAR Intents fees into $NEAR purchases.
NEAR issues approximately 32.2 million tokens annually. Two mechanisms work against that issuance: base-layer gas fees follow a 70/30 split, with 70% permanently burned by the protocol, while Intents fees go entirely toward open-market buybacks. Halved inflation plus active buybacks via the Intents fee switch create a structurally different supply-demand dynamic than what existed a year ago.
The Threshold Is Real, but Not Yet Crossed At current prices and the 2026 channel-mix-weighted fee rate, the deflationary threshold sits at approximately $177 million in daily Intents volume. The current 90-day average sits at $77 million per day, meaning volume needs to roughly double to cross the deflationary threshold.
The math is not static. As NEAR's price rises, each token purchased via the Intents fee mechanism absorbs more dollar-denominated issuance, meaning price appreciation actively lowers the barrier to deflation in token terms. On an Intents-adjusted basis, NEAR's price-to-sales ratio is approximately 28x, versus Ethereum at 194x and Solana at 40x. That gap has drawn attention from analysts who argue the token is structurally underpriced relative to its fee generation.
The trajectory is real. Whether daily Intents volume can double from here, and hold there, is the question that will determine whether the deflation story moves from thesis to fact.
Sources:
Crypto Briefing: NEAR Protocol targets AI-driven commerce with new products and tokenomics improvements
NEAR Foundation: Supporting Community Proposals to Upgrade NEAR Tokenomics
SVRN: NEAR Protocol 2026: Investment Case, Tokenomics and Deflation Threshold
NEAR Protocol is showing renewed strength as it surpasses the psychological $2.00 threshold, while XRP and two leading memecoins, Dogecoin and Shiba Inu, remain subdued below their important resistance levels.
NEAR Protocol breaks $2.00, signals recoveryAfter consolidating between $1.80 and $2.00 for several weeks, NEAR Protocol, a blockchain network designed for scalability and developer-friendly decentralized applications, managed to move above the $2 mark. NEAR now trades above its 50-day, 100-day, and 200-day moving averages, a technical alignment considered positive during market recovery cycles.
Buyers defended the $1.80 range, which aligns closely with the 200-day moving average. From this support, the price gradually moved higher, even though trading volume remains below levels seen during NEAR’s rally in May. This suggests the uptrend is stabilizing but not yet strong in momentum.
The asset faces immediate resistance near $2.10, where the 100-day moving average sits, and a successful move above may target $2.30 or higher. The Relative Strength Index (RSI) has moved above 50, a sign that bullish sentiment is returning.
AssetCurrent PriceKey ResistanceRSITrendNEAR$2.05$2.10Above 50RecoveryXRP$1.09$1.1547BearishSHIB$0.0000042$0.000004536BearishDOGE$0.076$0.083–BearishMarket structure for NEAR has improved as the asset holds above all major trend indicators, even as trading volume stays modest compared to the last major rally.
XRP struggles beneath major moving averagesXRP, the digital asset associated with Ripple’s global payments network, remains in a prolonged corrective phase. Trading around $1.09 and below its 50-day, 100-day, and 200-day moving averages, XRP continues to face resistance between $1.11 and $1.15. Recent attempts to recover have stalled at these levels, with no significant price reversal established.
The chart displays lower highs and lower lows since June, characterizing a persistent downtrend. Although XRP has not formed new lows, buyers have not generated enough strength to test the crucial $1.15 resistance zone. Its RSI stands at 47, indicating neutral momentum.
For a brighter outlook, XRP must reclaim the 50-day moving average and hold above $1.12. Until that happens, the asset remains under corrective pressure.
Memecoins Dogecoin and Shiba Inu continue in correctionDogecoin and Shiba Inu, two of the leading memecoins, are both struggling below key trend indicators. Dogecoin is trading well beneath the $0.076 to $0.083 resistance band and critical moving averages, unable to fully recover from a significant breakdown that began in June.
Meanwhile, SHIB faces even greater technical challenges. The token is trading at $0.0000042, staying below its main moving averages. Several attempts to break through resistance have failed, and each breakout has met with fresh selling pressure. Despite a short-lived improvement in early July, both sentiment and trading volume have faded.
SHIB’s RSI is now near 36, just above oversold levels. Historically, such conditions have sometimes led to brief rallies, but the token needs to reclaim the 50-day moving average before a sustained recovery could develop.
Both memecoins are suffering from exhausted demand, with declining volumes and fewer signs of aggressive selling. Dogecoin continues to print lower highs, and its RSI has only partially recovered from oversold conditions. Neither asset is attracting large inflows of new capital.
If DOGE cannot regain the area above $0.076, and SHIB fails to move past $0.0000045, both are likely to remain in a corrective pattern despite reduced selling pressure in recent weeks.
Volume spikes seen during June’s breakdown in these assets have not reappeared, indicating a lack of conviction from sellers but also insufficient buying interest to trigger major rallies.
Both Dogecoin and SHIB need to overcome several technical obstacles before a full trend reversal becomes likely. Their major moving averages remain as significant resistance, and only a clear move above these levels would change their market outlook.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
ANSEM shocked the crypto market by becoming one of the fastest-rising memecoins of 2026. Within a week, the Solana-based token recorded gains of more than 166,000%, reviving interest across the memecoin market and sending traders searching for the next early-stage opportunity.
While ANSEM is already trading publicly, projects like MemeToro ($MT) are attracting attention during the presale phase by combining artificial intelligence with memecoin creation on BNB Chain.
How ANSEM Delivered a 166,000% Rally ANSEM, also known as The Black Bull, became one of the year’s biggest crypto stories after climbing 166,590% in one week.
The token reached a high near $0.451 while growing into a project worth roughly $370 million. During the rally, one widely shared example showed how a $150 investment could have grown into more than $430,000.
The project is closely linked to crypto analyst Ansem, whose wallet activity and large social media following helped drive attention toward the token.
Exchange listings added further momentum. BloFin announced support for ANSEM trading, while renewed speculation pushed activity across Solana’s memecoin ecosystem higher.
Like many memecoins, however, the rally also highlighted the risks of chasing fast-moving markets. Analysts continue warning that projects driven mainly by social momentum can experience equally sharp corrections once enthusiasm fades.
Why AI Is Becoming Part of the Memecoin Market The success of ANSEM shows how quickly internet attention can turn into market activity.
Developers are now trying to improve that process by using artificial intelligence to identify trends before they become obvious.
Instead of watching one social platform or one trading chart, modern AI systems monitor online discussions, breaking news, search activity, and community engagement simultaneously. The goal is to organize large amounts of public information into useful market signals.
That shift is creating interest in platforms that combine AI with token creation instead of relying only on community hype.
How MemeToro’s AI Agent Creates New Memecoins MemeToro ($MT) is building its platform around that idea.
Its AI Agent continuously scans internet discussions, news websites, social platforms, and search trends to detect narratives that are gaining momentum. When promising themes appear, the system helps generate complete no-code memecoin launches, including branding concepts, token details, and supporting assets before deployment.
Users can review the AI-generated package before deciding whether to proceed with a fair public launch.
Beyond token generation, the ecosystem also includes several products designed to support activity after launch.
Rather than focusing on one token, the platform is designed to support many future launches through the same AI-powered infrastructure.
MemeToro Stage 4 Presale Update MemeToro ($MT) is currently in Stage 4 of its public presale.
The project has now raised more than $77,000, reflecting continued participation as development progresses. The current token price is $0.00171, while the next presale stage will increase automatically to $0.00190.
Built on BNB Chain, the ecosystem benefits from low transaction costs while preparing multiple products around the native $MT token. Alongside AI-powered launch tools, the roadmap includes staking, prediction markets, and additional SocialFi features that extend the platform beyond memecoin creation.
Unlike projects that only appear after a trend becomes popular, MemeToro is developing the infrastructure before broader public trading begins.
What ANSEM’s Rally Means for Investors ANSEM has reminded the crypto market how quickly memecoins can generate extraordinary returns when strong narratives and community momentum align. At the same time, its rally also highlights the risks that come with highly speculative assets.
MemeToro ($MT) represents a different stage of the market by focusing on AI-powered blockchain tools before exchange listings. As traders continue searching for the next breakout opportunity, both projects reflect how the memecoin sector is evolving beyond simple viral tokens into broader blockchain ecosystems.
More Information on MemeToro ($MT) Presale Here:
Website: https://memetoro.com/
X: https://x.com/memetoro_mt
Telegram: https://t.me/memetoro_mt
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Crypto presales remain one of the earliest ways to invest in new blockchain projects, but they also carry some of the highest risks. Every year, investors lose funds to fake websites, unaudited contracts, and projects that never deliver after raising capital.
As new crypto presales launch across Ethereum, Solana, Bitcoin Layer-2s, and BNB Chain, understanding how to evaluate them has become just as important as finding the next opportunity.
What to Check Before Buying Any Crypto Presale A good presale starts with transparency rather than promises of large returns.
Before connecting a wallet or sending funds, investors should verify that they are using the project’s official website and smart contract. Scam websites often copy legitimate presales and trick buyers into sending crypto to fraudulent addresses.
Security audits are another important checkpoint. Independent reviews from firms such as Coinsult help identify potential vulnerabilities before a token reaches the public market.
Investors should also read the tokenomics carefully.
Questions worth asking include:
Is the smart contract independently audited? Are token allocations publicly available? Does the project explain vesting schedules? Are official social channels clearly linked? Is there a published roadmap beyond the presale? Are supported payment methods clearly listed? No checklist removes investment risk completely, but completing these basic checks helps avoid many common scams.
Why Presale Structure Matters Not every presale operates in the same way.
Some projects distribute tokens immediately after purchase, while others introduce vesting schedules that release allocations over several months. Some require whitelist registration or identity verification, while others allow direct wallet participation.
Payment options have also expanded.
Many new 2026 presales now support ETH, BNB, USDT, USDC, and even bank card purchases through integrated payment providers.
Investors should understand exactly when purchased tokens become claimable and whether additional steps are required after the fundraising campaign ends.
Reading the project’s documentation remains one of the simplest ways to avoid unexpected surprises later.
MemeToro Uses a Structured Presale Process MemeToro has built its public sale around a straightforward purchase process.
Participants begin by visiting the official presale website before connecting a compatible wallet configured for BNB Chain. Buyers can then complete their purchase using supported cryptocurrencies or a bank card before confirming the transaction through the smart contract.
The current fundraising campaign is in Stage 4, with more than $77,000 already raised. The present token price is $0.00171, while the next presale stage will increase the price to $0.00190.
Rather than introducing complicated purchase requirements, the process is designed to remain consistent regardless of the payment method selected.
Looking Beyond the Presale A secure purchase is only one part of evaluating a crypto project.
MemeToro is being developed as a broader Web3 ecosystem on BNB Chain, where the $MT token connects several planned products instead of existing only for fundraising.
The roadmap includes multiple utilities that extend beyond launch day. Some planned platform features include:
AI-assisted no-code memecoin creation SocialFi and behavioral finance tools Deflationary fee-burn mechanism The project also allocates the majority of its supply to public participants while preparing additional products that continue operating after exchange listings.
Although these features do not remove investment risk, they provide a clearer picture of how the platform intends to use the native token beyond the presale itself.
Safety Should Always Come Before Hype Crypto presales can offer early access to new blockchain projects, but they also require careful research. Verifying official websites, checking audit reports, understanding tokenomics, and reviewing the roadmap remain essential before making any investment decision.
MemeToro is one example of a project combining an audited presale process with a broader Web3 ecosystem, but like every early-stage crypto investment, it should be evaluated carefully alongside its documentation, development progress, and long-term goals before participating.
More Information on MemeToro ($MT) Presale Here:
Website: https://memetoro.com/
X: https://x.com/memetoro_mt
Telegram: https://t.me/memetoro_mt
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Alameda Research has resumed its Solana [SOL] transfers. According to Onchain Lens, a wallet linked to Alameda Research moved 201K SOL, worth $15.14 million, to BitGo Custody.
The on-chain monitor observed that the token transfers occurred through multiple transactions. These tokens were distributed to multiple custody addresses.
Source: Nansen Even after these token transfers, the main wallet still holds a significant share, with 3.016 million SOL worth approximately $226.7 million. The firm has occasionally made such transfers. Often, when these tokens move, some end up in exchanges and are sold to repay creditors.
Therefore, even with the latest transfer, the team is either preparing to sell or relocating its holdings.
However, it’s worth noting that the immediate token movement to custody doesn’t imply an immediate sale. Thus, these tokens could be another step towards distributing assets, especially with the upcoming Q3 creditor deadline.
Did the Solana market react? For SOL holders and other market participants, such a major transfer captures market attention.
Although the transfer drew close attention, the market barely reacted. In contrast, Solana rebounded slightly and was trading at $75 at press time, despite a 2.14% daily drop that extended its 7.5% weekly decline.
Source: CoinGlass As expected, this price volatility triggered a wave of liquidation, especially for long positions. According to CoinGlass data, $10.89 million in long positions were liquidated, compared to $1.9 million in short positions.
When a higher volume of longs is liquidated, it suggests that traders were overly bullish and anticipated another rebound.
Traders remain bearish, eyeing another drop As Solana remains below $80, investors have continued to cash out at every opportunity. As a result, exchange inflows have increased significantly.
According to CoinGlass data, Solana Spot Netflow turned positive, rising to $9.02 million as of writing, a major jump from -$1.42 million.
Source: CoinGlass A positive net flow suggests that more SOL has recently flowed into exchanges than out of them. Historically, higher inflows have preceded a weakened market and a price drop.
In fact, the selling pressure has significantly strengthened the downside momentum, with the Aroon Line highlighting this weakness.
The Aroon Up indicator has fallen for ten straight days, dropping from 100% to 28%. Such a sustained decline signals that the trend has lost strength and is now pushing into new lows.
Source: TradingView At the same time, SOL fell below its Momentum-Adjusted Moving Average (MaMa), further confirming the trend’s weakness.
These two momentum indicators indicate the trend to the downside could continue. Therefore, if sellers continue to dominate, SOL risks a drop towards $70. Moreover, to invalidate this bearish outlook, Solana needs a daily close above the MaMa at $78.62.
Final Summary A wallet linked to Alameda Research moved 201K SOL, worth $15.14 million, to BitGo Custody. Solana barely moved on the news, but market momentum remains weak, with sellers dominating.
15 July 2026 | 00:18 Morgan Stanley Investment Management filed a third round of amendments with the U.S. Securities and Exchange Commission on July 14 for proposed exchange-traded funds holding ether and solana.
The Morgan Stanley Ethereum Trust and Morgan Stanley Solana Trust are designed to give investors spot exposure through ordinary brokerage accounts without requiring them to buy tokens or manage private keys. If the registration statements become effective, the shares are expected to trade on NYSE Arca under the tickers MSSE and MSOL.
The amended filings expand a crypto product line that already includes the Morgan Stanley Bitcoin Trust, which trades on NYSE Arca with the same 0.14% annual sponsor fee, and the Stablecoin Reserves Portfolio, launched in April to hold assets that meet the GENIUS Act’s reserve requirements. Unlike the passive Bitcoin fund, the proposed Ether and Solana trusts would also generate staking rewards, combining regulated brokerage access with potential onchain income. Together, the products show Morgan Stanley building a broader digital-asset strategy spanning token exposure, stablecoin reserve management and staking rather than treating Bitcoin as a standalone offering.
What the Funds Would Hold Both products are passive trusts that would track CoinDesk’s 4PM New York settlement benchmarks for ether and solana. They would not use leverage, derivatives or active trading strategies, so returns would primarily reflect movements in the underlying tokens, less expenses, together with any net staking income.
BNY and Coinbase Custody are named as custodians, while Morgan Stanley Investment Management would serve as delegated sponsor.
Under normal market conditions, the Ethereum trust intends to stake between 50% and 80% of its ETH, while the Solana vehicle may stake up to 100% of its SOL. Both would periodically keep assets unstaked to cover redemptions, expenses and distributions. The shared 0.14% sponsor fee therefore sits alongside different return mechanics: a larger portion of MSOL’s holdings could earn network rewards, but its liquidity management becomes more important when unstaking is delayed.
Figment, Galaxy Blockchain Infrastructure and Coinbase Canada are listed as staking providers for both products. The providers and custodians would collectively receive 5% of gross staking rewards, leaving 95% for the trusts. Net rewards would initially increase net asset value before being converted into cash for distributions expected monthly, but no less frequently than quarterly.
The prospectuses do not promise a fixed yield. Returns would depend on network conditions and the proportion of assets staked, while validator failures, penalties and unstaking delays could reduce income or complicate redemptions. Morgan Stanley may also suspend staking if it creates material legal, regulatory or tax risks. Retail investors would not be able to exchange shares directly for ETH or SOL. Only authorized participants could create or redeem 10,000-share baskets, meaning the products would remain regulated brokerage wrappers rather than substitutes for holding transferable tokens.
A 0.14% Sponsor Fee Each trust carries a proposed annual sponsor fee of 0.14% of net asset value, accrued daily and paid monthly in arrears. Morgan Stanley would cover ordinary operating costs from that fee, while litigation and other extraordinary expenses could still be charged to the trust. Investors may separately incur brokerage commissions when trading shares.
The July 14 submissions are Amendment No. 3 to the registration statements, not approvals. The SEC must declare the filings effective before shares can be sold, and the documents remain subject to further changes. The trusts would also not be registered under the Investment Company Act of 1940, meaning shareholders would not receive the protections attached to conventional registered investment companies.
The information provided in this article is for educational purposes only and does not constitute financial, investment, or trading advice.
Author
Alex is Editor-in-Chief of Coindoo and co-founder of Millennial Media Group, with nearly a decade of experience covering financial markets - crypto first, then everything else. It started in 2016 with Bitcoin. Like most people at the time, he didn't fully understand it - so he kept digging. Blockchain, tokenomics, the projects, the cycles. That curiosity never stopped, and eventually pulled him into traditional markets too: equities, commodities, macro. Not because he left crypto behind, but because you can't properly understand one without the other. What drives him is straightforward: he wants to know why something is happening, not just that it's happening. Most market coverage stops at the headline - price up, price down, here's a chart. Alex finds that kind of reporting actively unhelpful. If you walk away from an article without understanding the mechanism behind the move, what did you actually learn? He holds a degree in Tourism from New Bulgarian University - not the most obvious path into financial markets, but markets have a way of pulling in people who are simply too curious to stay out. He has authored over 200 in-depth analyses and more than 10,000 articles across crypto and traditional finance. He still thinks every day in markets teaches him something new. That's probably why he hasn't stopped.
Solana experienced a notable price correction, settling around a significant support level closely watched by investors seeking signs of a new uptrend. Market participants are monitoring whether SOL can maintain this critical threshold and potentially reverse its recent losses.
Support level comes into focusSOL traded at $77.01 during the latest session, reflecting a 1.74% daily increase. CoinMarketCap data showed daily trading volume at $3.87 billion, with Solana’s total market capitalization reaching $44.79 billion.
BitGuru, a well-known cryptocurrency analyst, commented on July 14 that many investors lost confidence after the latest downturn. However, BitGuru identified the $74 to $75 range as a key support zone that may attract new buying interest. He suggested that remaining above this level could foster a renewed move toward the $80 to $84 range, while a breakdown could trigger additional declines.
BitGuru emphasized that the $74-$75 interval now represents a pivotal support region for Solana, with a sustained hold above this level potentially restoring momentum for a rally toward $80-$84. Conversely, a failure to defend this area could prompt further downside movement.
Investors are scrutinizing the market for signs of stability following several sessions of selling pressure across the broader cryptocurrency landscape.
Technical indicators and trading outlookFrom a technical perspective, SOL was trading near the middle Bollinger Band at $76.73—positioned between the upper band at $84.89 and the lower band at $68.57. This placement indicates typical market conditions with relatively low volatility.
The Moving Average Convergence Divergence (MACD) readings revealed a MACD line at 0.9160, below the signal line at 1.2750, resulting in a negative histogram value of -0.3590. These readings indicate that positive price momentum is weakening, as was recently observed after an earlier rally. Should the MACD continue to decline, further softness in SOL’s price action may occur.
The current support level could set the stage for Solana’s next directional trend. Support areas are significant because they test whether buying pressure can withstand market corrections and potentially reverse negative sentiment.
Mini dictionary: Bollinger Bands are technical analysis tools formed by plotting a simple moving average (SMA) and two standard deviation lines (bands) above and below it, used to identify volatility and overbought or oversold conditions.
If the price stays above the $74-$75 support range, sentiment among traders is expected to improve, possibly triggering attempts to push SOL above the $80 threshold.
Support LevelCurrent PriceResistance TargetLower Band$74-$75$77.01$80-$84$68.57A breach below support could pivot attention toward the lower Bollinger Band near $68.57, where buyers may look to re-enter if the price stabilizes at that point.
Crucial trading period aheadMarket observers view the coming trading sessions as crucial for Solana’s near-term trajectory. Sustaining prices above the established support range likely strengthens the case for a rebound, while a move below this level could lead to a retest of lower support zones before any potential recovery.
For now, Solana remains at a decisive technical point, with direction to be clarified in the sessions ahead as traders watch for either a bounce or a deeper correction.
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.
On July 14, 2026, $500 million in USDC was minted on the Solana blockchain, indicating a strategic move to enhance liquidity within the network. This issuance was executed in two tranches of $250 million each, underscoring growing confidence in Solana’s capacity to handle large-scale transactions. The additional USDC enhances Solana’s standing as a significant player in the stablecoin market, holding between $7.2 billion and $8.6 billion in circulating USDC. This development aligns with a broader trend of increased institutional interest in Solana as a high-throughput settlement layer, with the network experiencing a record weekly USDC minting volume earlier this year.
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Key Takeaways The issuance of $500 million USDC on Solana suggests increased liquidity and institutional confidence in the network. Solana’s share of the global USDC supply reflects its growing role as a key blockchain for stablecoins. Market pricing appears supportive of Solana’s potential to reach higher price benchmarks by the end of July. What to Watch Market participants will closely monitor Solana’s price movements in response to this liquidity boost, particularly in relation to its potential to hit the $90 mark in July. Key indicators such as the network’s volume and additional stablecoin issuances may provide further insights into Solana’s capacity to leverage this increased liquidity. Potential developments, including regulatory actions or changes in institutional demand, could also affect market sentiment and price trajectories.
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Term Structure
Contract Odds Δ since publish Volume 24h August 1 2026 19% — — View market → August 1 2026 0.7% — — View market → August 1 2026 0.1% — — View market → August 1 2026 1.6% — — View market → August 1 2026 1% — — View market → August 1 2026 0.7% — — View market → August 1 2026 4.2% — — View market → August 1 2026 0.9% — — View market → August 1 2026 9% — — View market → August 1 2026 0.1% — — View market → August 1 2026 1.7% — — View market → August 1 2026 0.1% — — View market → August 1 2026 38% — — View market →
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
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The 2026 FIFA World Cup semifinal between France and Spain has the sports world buzzing. French midfielder Aurélien Tchouaméni publicly acknowledged the quality of Spain’s squad, singling out teenage sensation Lamine Yamal as a player his team respects deeply.
Chiliz ($CHZ), the token powering the fan engagement platform Socios, surged approximately 28% as the World Cup kicked off. Unofficial Solana-based tokens tied to Yamal’s tournament performances have been gaining traction among speculators, though their market caps remain in the thousands of dollars.
Kraken enters the pitch Kraken became FIFA’s first Official Crypto Exchange Supporter for the 2026 World Cup, a deal announced on June 9, 2026. The partnership focuses on fan engagement, educational campaigns, and digital experiences targeting audiences across North America and Europe.
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FIFA chose to create an entirely new sponsorship category, “Crypto Exchange Supporter,” specifically for this partnership. FIFA’s blockchain initiatives remain focused on collectibles and traditional sponsorship structures, with no official World Cup token.
The fan token frenzy Socios, which runs on the Chiliz blockchain, powers official fan tokens for clubs like Paris Saint-Germain, FC Barcelona, and several national football federations. When marquee players like Tchouaméni and Yamal dominate headlines, the tokens associated with their clubs and national teams tend to see elevated trading volumes.
Unofficial $YAMAL tokens have popped up on Solana, riding the wave of the 19-year-old’s tournament performances. These tokens have market caps measured in the thousands, not millions. The connection between Yamal himself and these projects is nonexistent.
What this means for investors The liquidity in these micro-cap tokens is thin enough that a single whale can move the price dramatically in either direction.
For $CHZ holders, fan tokens and their underlying infrastructure tokens tend to rally into major tournaments and deflate afterward. The 28% surge at the World Cup’s start looks impressive until you consider that similar pumps around previous events, like the 2024 European Championship, were followed by extended drawdowns.
Prediction and betting platforms built on crypto rails are also seeing elevated volumes during the tournament. Platforms like Polymarket and Azuro have made sports prediction markets one of crypto’s most tangible use cases.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Spain just punched its ticket to the 2026 World Cup final with a convincing 2-0 win over France in Dallas, courtesy of goals from Mikel Oyarzabal and Pedro Porro. And while the footballing world processes another chapter of Spanish dominance, crypto markets tied to the beautiful game are having their own moment.
The Chiliz (CHZ) token, which powers the Socios fan-token ecosystem, has climbed approximately 28% during the tournament’s run. Think of Chiliz as the blockchain rails underneath every official fan token for clubs and national teams. This World Cup, with a record 48 teams participating, has been the biggest catalyst the platform has ever seen.
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Prediction markets and stablecoin sportsbooks are thriving Prediction markets on platforms like Polymarket have recorded volumes in the tens to hundreds of thousands of dollars per individual match, turning every group stage clash and knockout round into a tradeable event.
Meanwhile, crypto sportsbooks have reported strong betting flows denominated in stablecoins like USDT and USDC. Stablecoins let bettors move funds instantly across borders without conversion friction, which matters quite a bit when you have a global tournament spread across the US, Canada, and Mexico with fans tuning in from everywhere.
Kraken’s sponsorship puts crypto front and center Kraken, serving as the official crypto exchange sponsor for the FIFA World Cup 2026 across North America and Europe, has used the tournament to put blockchain assets in front of the widest possible audience. The sponsorship is one of the most prominent crypto-sports partnerships in recent memory, and it comes at a time when the industry is eager to rebuild mainstream credibility after the bruising bear market of 2022-2023.
Memecoins and fan tokens: the speculative layer A Solana-based token called W26 has emerged as a fan-engagement play tied to the tournament. It sits firmly in the speculative category, the kind of asset that trades on vibes and match results rather than fundamentals.
The broader fan-token ecosystem tells a more interesting story. Socios-powered tokens for clubs and national federations have been trading with elevated volume throughout the tournament. Spain’s path to the final is particularly relevant here, as successful national teams tend to drive outsized interest in their associated tokens, creating a feedback loop where on-pitch performance translates directly into on-chain activity.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
QuickSwap, one of the oldest names in decentralized exchange trading, has officially rolled out Orbs’ Perpetual Hub Ultra 2.0 as the default engine powering perpetual futures across every chain it operates on. The decision wasn’t made behind closed doors. It came after a community vote, “Full Shift of Decentralized Perpetuals to Orbs Network,” which cleared with a decisive 81.8% approval from QUICK token holders.
The shift effectively retires the Orderly-based Falkor setup that had been running on Polygon PoS, replacing it with the same Orbs-driven architecture that QuickSwap already introduced on Base back in the fourth quarter of 2025. It’s not a cold start, either. QuickSwap and Orbs have been working together for years at this point, with tools like dTWAP, dLIMIT, and Liquidity Hub already live in production on both Polygon PoS and Base.
Ran Hammer, VP of Business Development at Orbs, framed the announcement as something bigger than a routine infrastructure swap. “This is what the next phase of DeFi looks like: a top-tier DEX running a complete perps stack natively on Layer-3, with liquidity from day one and execution quality that rivals centralized venues,” he said. He also pointed to the vote itself as a signal of where the industry is heading, adding, “An 81.8% community vote says it all – decentralized markets are ready to compete with traditional finance on its own terms.”
Full-Service Perpetual Trading Stack What QuickSwap gets out of the deal, in practical terms, is a full-service perpetual trading stack that doesn’t lean on outside providers. Execution, settlement, hedging, liquidation, pricing, and the trading interface itself are all handled natively through Orbs’ Layer-3 infrastructure. There’s no bootstrapping period to worry about, either; liquidity is pulled in from day one through Orbs’ integrated system, which taps into several deep liquidity sources at once rather than relying on a single pool building up over time.
Under the hood, the platform runs on a TEE-secured execution environment, meaning trades are processed inside a trusted, hardware-isolated setting rather than out in the open. Price feeds come in cryptographically signed, and the resulting state is periodically committed on-chain through rollup settlement, giving traders a verifiable record without sacrificing speed.
On the trading side, users get access to the usual order types, market, limit, stop-loss, take-profit, along with more advanced bracket orders. Convenience features like one-click trading, account abstraction, and gasless transactions are also part of the package, lowering the friction that’s historically kept some traders away from on-chain platforms.
QuickSwap itself needs little introduction to anyone who’s spent time in DeFi. It’s been running since 2020 and remains the top exchange within the Polygon ecosystem, expanding over the years from Polygon PoS into Polygon zkEVM and Base while holding onto its reputation as Polygon’s flagship DEX.
Like much of its infrastructure, the exchange is steered by its community through QUICK token governance, which is exactly the mechanism that greenlit this latest move. Orbs, for its part, operates as a decentralized Layer-3 network built specifically to handle the kind of complex trading logic that standard smart contracts struggle with.
Its validator network runs on delegated Proof-of-Stake, backed by more than 1.12 billion ORBS tokens staked across the system. Both teams are pitching this integration as a step toward closing the gap between decentralized and centralized trading venues, not just in terms of speed and cost, but in the overall experience, while still keeping self-custody and on-chain transparency intact for users.
AUTHOR
Mushumir Butt is a seasoned crypto journalist with over three years of experience reporting on the world of blockchain and cryptocurrency. At Blockchain Reporter, he delivers insightful news, in‐depth project reviews, and precise price analysis and predictions. With a strong background in SEO and digital marketing, Mushumir excels at breaking down complex trends into clear, accessible content, ensuring readers stay ahead in the fast‐paced crypto space.
Injective, the Layer 1 blockchain built on the Cosmos SDK, has rolled out its iAgent SDK, a toolkit that lets developers spin up autonomous AI agents capable of executing onchain financial tasks. The pitch is simple: type one command, get an AI agent that can trade, check balances, and manage smart contracts without constant human babysitting.
The SDK plugs into large language models like ChatGPT, meaning these agents interpret natural language rather than requiring developers to write complex transaction logic from scratch.
What the iAgent SDK actually does The core feature set covers the kinds of tasks that typically require a developer to interact directly with Injective’s chain. Executing transactions, placing market orders, checking wallet balances, and orchestrating multiple independent agents all fall within the SDK’s scope.
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Beyond basic transaction handling, the toolkit includes real-time data analysis and predictive analytics capabilities. Automated trade execution sits at the center of the value proposition, targeting a future where AI agents can monitor markets and act on opportunities faster than any human refreshing a dashboard.
The SDK also handles payment processing, which matters for any agent that needs to move funds between wallets or interact with DeFi protocols.
Injective shipped an upgrade called iAgent 2.0 in January 2025, which incorporated the Eliza multi-agent framework. That upgrade enhanced how multiple AI entities coordinate with each other.
The project also introduced an open-source Model Context Protocol server, announced around July 5, 2026, expanding what agents can do to include deploying smart contracts and executing trades based on natural language queries.
The DeFAI thesis and competitive landscape The convergence of DeFi and AI has earned itself an industry portmanteau: DeFAI. Autonomous agents can interact with decentralized financial protocols without requiring a human to click buttons.
Injective is not the only project chasing this thesis. Projects like ai16z are building in the same onchain AI agent space. The difference Injective is banking on is its native integration: because the SDK is purpose-built for Injective’s chain, agents can tap into the network’s order book infrastructure and DeFi primitives without cross-chain friction.
Injective is a Binance-incubated project with backing from Jump Crypto, Pantera, and Mark Cuban. The native token, INJ, serves as the governance and staking mechanism for the network, while also providing ecosystem incentives.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Injective SDK Compromise Puts Wallet Private Keys Back In The Security Spotlight is a useful reminder that crypto coverage is not only about token prices. Sometimes the more important story is the infrastructure, regulation, security, or product layer sitting underneath the market noise.
The immediate point is straightforward: slowMist warned that a compromised Injective SDK package may steal wallet private keys. That gives readers something concrete to work with, rather than another vague sentiment update.
TL;DR SlowMist warned that a compromised Injective SDK package may steal wallet private keys. The issue highlights the danger of malicious software dependencies in crypto apps. Developers are being urged to verify packages before shipping wallet-facing code. Why This Matters Now The timing matters because Injective is already part of a wider conversation across the market. Traders want to know whether the development changes liquidity or risk. Builders want to know whether it changes what can be deployed. Compliance teams want to know whether it changes how platforms operate.
In that sense, the story is bigger than one headline. It sits inside the ongoing shift from speculative crypto cycles toward more practical questions: who can use these systems, how safe are they, and whether the underlying incentives actually work.
The best way to read it is with discipline. It is not a guarantee of immediate upside, and it should not be treated as one. But it does add a fresh data point to the way the market is thinking about Injective.
The Injective Angle For Injective, the important part is the specific mechanism. If this is a security issue, the risk sits in dependencies and user protection. If it is a listing or product launch, the question is access and liquidity. If it is a governance or research proposal, the question is whether the idea can survive implementation.
That is where this update becomes useful. It is not just a label attached to a trend. It gives readers a way to understand what might actually change if the development gains traction.
Crypto has a habit of turning every announcement into a broad market claim. This one deserves a narrower read. The value is in seeing how it affects the users, developers, institutions, or traders closest to the issue.
The Risk Side There is also a caution attached. Source material can confirm that a development exists, but it cannot prove that adoption will follow. A proposal still needs support. A product still needs users. A chart still needs confirmation. A compliance tool still needs integration.
That is why the responsible reading is not to oversell the story. The stronger takeaway is that this adds to a pattern. The crypto market is steadily becoming more professional, more technical, and more sensitive to real operational details.
Readers should also watch for follow-up signals. That could mean developer feedback, exchange support, regulatory response, wallet adoption, liquidity data, or simply whether market participants continue reacting after the first headline fades.
What Comes Next The next stage will decide whether this remains a narrow update or becomes part of a larger market theme. In crypto, that difference matters. Plenty of stories look important for a few hours and then disappear. The ones that last usually show up again through usage, liquidity, enforcement, governance, or developer adoption.
For now, this gives the market another piece of information to weigh. It is specific enough to be useful, but still early enough that readers should keep the caveats in view.
That makes it worth covering without pretending it settles anything. The story is a signal, not a final verdict.
This report is based on information from slowmist.medium.com.
This article was written by the News Desk and edited by Samuel Rae.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Spark Savings on Arbitrum now supports the three largest stablecoins by market capitalization: USDC, USDS and, from today, USDT via USDT0. For wallets, treasury platforms and other builders, that means users can access Spark Savings while staying in the stablecoin they already hold, through a single savings infrastructure. Here’s why this is important for the programmable economy future we’re building towards.
Why this isn't "just another USDT deployment"
Arbitrum has bridged USDT for years. What's new is USDT0, Tether's omnichain implementation of USDT built on LayerZero's Omnichain Fungible Token (OFT) standard. Instead of yet another wrapped, fragmented representation of USDT moving around different bridges, USDT0 is a single, 1:1-backed unit of Tether liquidity that can move natively between Ethereum, Arbitrum, and a growing number of supported chains without fragmenting liquidity or introducing additional trust assumptions.
For integrators, that means supporting Spark Savings for USDT without asking users to bridge back to Ethereum, swap into another stablecoin or navigate multiple versions of USDT. Users can stay in the asset they already hold while accessing the same Spark Savings infrastructure available across supported stablecoins.
spUSDT is Spark's ERC-4626 USDT savings vault. Deposit USDT0, receive spUSDT, a transferable savings token that represents your position in the vault while continuing to accrue yield.
Like Spark's existing USDC and USDS savings vaults on Arbitrum, spUSDT follows the same ERC-4626 design, giving integrators a consistent way to support savings across multiple stablecoins.
USDT0 (spUSDT) is designed to be simple to integrate and simple to use:
No lockups, deposit and withdraw at any time
Transferable and composable with other DeFi applications through the ERC-4626 standard
Access to Spark's programmatic allocation framework, which coordinates capital across vetted DeFi venues.
Earn sustainable yield without relying on temporary incentives
With USDT0 now supported, users can access Spark Savings directly from one of Arbitrum's most widely used stablecoins without changing assets first.
With USDC, USDS, and now USDT0 supported, Spark Savings on Arbitrum now provides savings infrastructure representing over 90% of the network's stablecoin supply, according to defillama. That gives builders access to savings infrastructure across the stablecoins their users are most likely to already hold.
For users, that means staying in the stablecoin they already hold without bridging back to Ethereum or swapping into another asset just to access savings. For wallets, treasury platforms and DeFi applications, it means broader stablecoin coverage through a consistent integration model.
That matters because USDT remains the world’s largest stablecoin by supply, while Arbitrum has become one of the deepest ecosystems for stablecoin trading, derivatives, and on-chain payments. Bringing Spark Savings to USDT0 expands that coverage, making it easier for builders to offer sustainable savings across the stablecoins their users already hold.
Whatever stablecoin you're already holding or trading with on Arbitrum, there's now a Spark vault for it.
Building on Arbitrum?
Whether you're building a wallet, treasury platform or DeFi application, Spark Savings can help make your business programmable by making it easy to offer savings across the three largest stablecoins on Arbitrum.
Talk to the Spark team to learn how Spark Savings can fit into your product. [email protected]
The first half of 2026 ended with a landmark milestone. On July 01, the Robinhood Chain mainnet powered by Arbitrum went live, crystallising what the ecosystem has been actively building: the finance-native platform with enterprise-grade infrastructure to power the programmable economy.
As an Arbitrum chain, Robinhood Chain remits 10% of its net revenue to the Arbitrum ecosystem. This is the same revenue-sharing model that applies across 30+ Arbitrum chains (that settle outside Arbitrum One) as part of the licence economics of this product line.
Enterprise Growth
Robinhood, a $100B fintech with 28 million users and $307B in AUM, has become the world's largest publicly listed fintech with its own blockchain, and it chose the Arbitrum Platform to build it.
In just 2 weeks since its public launch, Robinhood Chain has already achieved:
Securing almost $600M in TVS$808M+ in 24h DEX volume – 3rd-largest chain in crypto$800K+ in Revenue (~$23 million annualized run-rate)Alongside Robinhood, a broader wave of enterprise expansion took shape on Arbitrum in H1:
LG Electronics announced it’s building out a blockchain-based network for its onchain advertising network on the Arbitrum PlatformMastercard expanded stablecoin settlement support to assets on ArbitrumPayPal's PYUSD peaked at $428M on Arbitrum in Q1Cash App announced send and receive support in app for USDC with Arbitrum as a supported chainNetwork activity
Underneath the enterprise momentum, the network continued to grow.
Lifetime transactions surpassed 2.7B while adding 474M transactions in H1 alone. February 2026 accounts for an all-time-high of 133M Chain GDP has surpassed $1.7B, growing 45% YoYStablecoin holders grew 40% to 10.5M, with monthly transfer volumes exceeding $60BMarket position
Arbitrum maintained and strengthened its position across key metrics in H1.
A top-3 blockchain by protocol count, with 1,142 live projects on the Arbitrum PlatformRWA AUM at ~$850M (3x YoY) and consistently leading by deployment count with 2,000+ assetsDerivatives broke out in H1: open interest grew 434% in six months, peaking at $1.5B and exceeding the combined open interests on Ethereum and SolanaFinancial resilience
ArbitrumDAO continued to operate with structural efficiency through H1 despite market volatility.
ArbitrumDAO maintained 97%+ gross margins across protocol revenue streams throughout H1 Held $125M+ in non-native treasury assets (ETH, RWAs & stablecoins) as of June-endProduct readiness
The Arbitrum technology stack continued to outpace adoption throughout H1.
Dynamic pricing went live on Arbitrum One, giving businesses predictable transaction costs at scale. Compliance tooling, ZK-proof settlement, confidentiality infrastructure, and new economic levers for dedicated chains are actively in development. The full architecture is laid out here for anyone evaluating what the platform looks like at the next stage of scale.
The Robinhood announcement is the headline. But the six months that preceded it are the reason it happened here and not somewhere else.
Celo has enhanced its collaboration with Ledger by integrating a key network feature into the hardware wallet provider’s platform, offering more flexible transaction fee options to users worldwide.
Ledger supports Celo’s CIP-64 fee abstractionLedger has implemented support for Celo’s fee abstraction, made possible through the network’s CIP-64 upgrade. This change allows users to pay transaction fees using a variety of Celo-native assets, rather than being restricted to the CELO token.
The new functionality builds on Ledger Live’s December 2025 update, where users gained the ability to transact and exchange CELO and Celo stablecoins through Ledger’s interface.
With this latest expansion, Ledger’s user base of more than 8 million people in over 200 countries can now settle gas fees in any of 18 supported tokens. These payment options include Tether USD₮, USDC, Wrapped Ether (WETH), and multiple fiat-referenced stablecoins developed by Mento Labs.
Accepted fiat-backed tokens span a range of global currencies such as the euro, British pound, Japanese yen, Canadian dollar, Australian dollar, Nigerian naira, Kenyan shilling, and South African rand, offering considerably broader payment flexibility.
Mini dictionary: CIP-64, or Celo Improvement Proposal 64, is an upgrade that enables transaction fees to be paid with approved ERC-20 tokens on the Celo network, rather than requiring users to exclusively use the CELO token for gas payments.
Stablecoins overtake CELO for transactionsLaunched in July 2023 during the network’s Gingerbread hard fork, CIP-64 has allowed users to pay transaction fees with selected stablecoins and other ERC-20 tokens. This approach, now widely adopted across the Celo network, has led to a significant shift in transaction behavior.
Celo reports that nearly half of all transaction volume on the network now uses stablecoins denominated in US dollars, instead of the network’s native CELO token.
By allowing users to handle transaction fees with familiar currencies, Celo aims to lower barriers to entry and streamline the experience of using money across blockchain payments and decentralized finance applications.
The integration with Ledger is expected to further simplify onboarding, particularly for users interested in exploring Celo payments and DeFi solutions.
Celo leads in tokenized gold adoptionBeyond network transactions, Celo highlighted its leading position in the market for tokenized gold. According to network figures, 107,622 users on Celo own Tether Gold (XAUT), positioning the network as the dominant platform for tokenized gold holders.
Blockchain data estimates a total of 118,500 XAUT holders across seven blockchain networks. Of these, Celo accounts for 90.8%, followed by Solana at 4.5%. Other platforms with measurable XAUT user bases include HyperEVM (1.9%), Arbitrum One (1.8%), Plasma (0.6%), Monad (0.3%), and Ink (0.1%).
Blockchain NetworkXAUT Holders (%)Celo90.8%Solana4.5%HyperEVM1.9%Arbitrum One1.8%Plasma0.6%Monad0.3%Ink0.1%Celo attributes its dominance to a growing ecosystem, including applications such as MiniPay, Squid Router, Uniswap, Featherlend, Morpho, and TheoriqAI, that together drive adoption of real-world asset tokenization.
Celo, a mobile-first blockchain that aims to make decentralized financial services accessible to anyone with a smartphone, is now advancing into sectors beyond digital-only payments. By making stablecoin-based gas payments easier and leading the charge on tokenized gold, Celo is seeking new use cases for blockchain technology in mainstream finance.
Celo’s expanding ecosystem and diverse payment options underscore its strategy to position itself as a leading platform for accessible and practical financial instruments on the blockchain.
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.
Only a Fraction of $PI Is on ExchangesAccording to data from Pi Scan, the total value of $PI held across major cryptocurrency exchanges sits at roughly $40 million. That figure is spread across @OKX, @Bitget, @Gate, @MEXC, @Pionex, @LBank_Exchange, and @krakenfx, with @Gate holding the largest share at over $20 million.
While the number sounds significant in absolute terms, it represents less than 0.05% of Pi Network's total circulating supply. That is a remarkably thin slice of liquidity for a network that, claims over 60 million registered users, making it one of the largest crypto communities on paper.
The reason so little $PI sits on exchanges comes down to how the network is structured. Approximately 60.41 billion $PI have already been migrated to the Mainnet, but a significant portion of supply remains locked. More than 58 billion $PI are still held off-market by Pioneers, meaning they are not actively available for trading or exchange-based circulation.
Unlocks Could Shift the BalanceThat picture is expected to change as more tokens become eligible for release. As Pioneers progress through KYC verification and complete migration requirements, their locked balances convert into transferable, exchange-ready tokens. Roughly 1.21 billion $PI are scheduled to enter circulation across 2026, releasing at a pace of around 6.5 million coins a day.
The market has already felt the pressure. $PI's price fell nearly 15% to around $0.08, setting a new all-time low, with the primary catalyst being an impending unlock of 127.5 million $PI tokens scheduled for the coming weeks, per PiScan data. The expected surge in circulating supply prompted a rush to exit positions, overwhelming exchange liquidity.
For now, however, the data suggests that most Pioneers are sitting on their holdings rather than moving them to exchanges. Whether that patience holds as unlock volumes increase will be one of the key dynamics to watch across the remainder of 2026. Whether users choose to hold, sell, or utilise their unlocked tokens will play a major role in shaping future market dynamics.
Sources:
Pi Network token unlocks 2026: can demand absorb it? (crypto.news)
Latest Pi Network news and market insights (CoinMarketCap)
Pi Network Tokenomics 2026: Supply Release and Unlock Schedule (MEXC News)
Kweather, one of South Korea’s largest weather big data platform companies, is partnering with blockchain network Flare to bring meteorological data on-chain and test new weather finance applications under a newly signed letter of intent, the companies said Tuesday.
As part of the initiative, Kweather’s meteorological datasets, including temperature, rainfall and other climate variables, will be delivered through Flare’s Time Series Oracle.
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The layer 1 blockchain project said its infrastructure will verify and secure the data, making it immutable and suitable for financial products and blockchain-based services that depend on trusted real-world information.
The verified data will underpin a range of potential weather finance products, including parametric climate insurance that triggers payouts automatically when specific environmental thresholds are reached, eliminating the need for conventional claims processing.
“Kweather is the perfect partner that aligns with Flare’s data-centric blockchain ecosystem. We will rapidly advance our technical implementation to demonstrate the viability of the weather finance market,” Flare’s co-founder Hugo Philion commented on the partnership.
The companies also plan to evaluate weather derivatives as tools for managing climate exposure across sectors such as agriculture, energy and transportation.
“By merging meteorological data with blockchain infrastructure, we are transforming weather metrics into highly trustworthy onchain data,” Dong-sik Kim, CEO of Kweather, stated. “By proactively introducing financial products that manage climate risks, we aim to expand the meteorological industry market and set a new global standard.”
In addition, Kweather and Flare intend to develop a decentralized physical infrastructure network by integrating weather-monitoring equipment with blockchain infrastructure.
Revenue generated from the network could be tokenized as real-world assets, with future plans to connect the platform to the XRP ecosystem through Flare’s blockchain technology.
Disclosure: This article was edited by Vivian Nguyen. For more information on how we create and review content, see our Editorial Policy.
Headline Inflation Drops Sharply, Beating ForecastsUS inflation cooled significantly in June 2026, with the Consumer Price Index (CPI) falling to an annual rate of 3.5%, well below the consensus forecast of 3.8% and down sharply from 4.2% in May. CPI fell a seasonally adjusted 0.4% for the month, bringing the annual inflation rate down to 3.5%. Economists surveyed by Dow Jones had been looking for a drop of 0.2% and an inflation rate of 3.8%, following the 4.2% reading in May.
The cooler reading comes after three consecutive months of increases that pushed the CPI to its highest level in more than three years. The monthly drop in headline inflation was the biggest since April 2020.
Energy prices were the primary driver of the decline. The energy index slumped 5.7% in June, though it still surged 15.7% on an annual basis. Gasoline and fuel oil both saw declines of more than 9%. With oil and gasoline prices falling in June and early July, May may represent this year's peak inflation reading, Oxford Economics said in a report published July 14.
Core CPI Decelerates, Fed Eyes Rate PathCore inflation, which excludes food and energy, was flat on the month, putting the 12-month rate at 2.6%. The consensus forecast was for respective increases of 0.2% and 2.9%, following a 2.9% May level. The core reading signals a marked deceleration in underlying price pressures.
Services costs, which are closely watched by Federal Reserve policymakers for longer-run inflation trends, moderated significantly. Services excluding energy costs were flat, with shelter rising just 0.1% and transportation services posting a 0.3% decline.
Stock market futures were mostly positive following the report while Treasury yields were sharply lower. Though the inflation readings provided some hope, they are unlikely to motivate Federal Reserve officials to lower interest rates anytime soon, with the central bank broadly expected to raise its benchmark rate in September.
New Fed Chairman Kevin Warsh, while previously expressing a belief that interest rates could be lowered in the future, has made controlling inflation a centerpiece of his message since taking office in May. Market pricing points to the Fed staying on hold at its July 28-29 meeting, then approving a quarter percentage point rate hike in September.
Sources:
CNBC: Consumer Price Index Inflation Report, June 2026
CBS News: Inflation eased more than expected in June, CPI report shows
U.S. Bureau of Labor Statistics: Consumer Price Index Summary
Promotional offer restricted to identity-verified new Android account holders exclusively.
Platform broadens stablecoin payment ecosystem via Android app introduction.
Android launch benefits contingent upon verification protocols and qualifying deposits.
Plasma has unveiled the Plasma One application for Android devices, broadening its stablecoin payment infrastructure to include deposits, transfers, and card-based transactions. The rollout comes with a time-sensitive promotional campaign offering qualified new Android account holders a complimentary six-month Core membership. To access this benefit, users must complete identity authentication procedures and execute a qualifying stablecoin deposit within the designated promotional timeframe.
Android application introduces comprehensive stablecoin payment infrastructure Plasma has released the Android edition of Plasma One, incorporating functionality for stablecoin deposits, peer-to-peer transfers, and card-based payment transactions. The mobile application caters to individuals seeking consolidated digital payment solutions accessible through a unified mobile interface. This Android debut extends Plasma service availability beyond its previous platform limitations.
The promotional campaign operates between July 14 and July 19, 2026, exclusively for qualifying Android platform users. Eligible individuals must register their accounts directly through the Android application throughout the designated claim window. Completion of identity authentication procedures is mandatory before accessing promotional advantages.
Plasma restricts promotional eligibility to individuals without prior ownership or control of any Plasma One account. Current account holders and iOS platform users remain ineligible under the specified promotional guidelines. Moreover, qualifying participants must maintain accounts in compliant standing during the entire promotional duration.
Complimentary Core access contingent upon verified stablecoin funding Plasma mandates qualifying users contribute a minimum $100 deposit in approved stablecoins to secure promotional benefits. Deposits must constitute authentic account funding rather than circular or provisional transfers. Consequently, participants must finalize both deposit transactions and in-application claim procedures before the established cutoff date.
Qualifying participants obtain six months of complimentary Core membership upon fulfilling all mandatory requirements. Throughout this timeframe, users access Core-tier features encompassing relevant rewards programs, cashback incentives, and yield-generating opportunities. These advantages remain governed by the platform’s current rewards framework and qualification standards.
The promotional membership supersedes the conventional 30-day complimentary Core trial designated for new account holders. Users cannot stack this promotional offer with alternative complimentary membership campaigns or tier-based discounts. Any participant upgrading to premium paid tiers forfeits the complimentary Core benefit instantly without refund provisions.
Eligibility criteria establish qualification and account standards Plasma specifies that promotional access applies exclusively once per qualifying individual and associated account. The organization may examine device identifiers, operating system specifications, and authentication records to validate eligibility status. Efforts to circumvent verification protocols may trigger disqualification.
Published guidelines prohibit duplicate account creation, identity verification evasion, circular deposit schemes, and technological approaches simulating eligible Android hardware. Plasma retains authority to revoke promotional privileges and cancel pending reward distributions upon detecting prohibited conduct. Furthermore, the organization may suspend or permanently terminate compromised accounts pursuant to existing service regulations.
The six-month promotional window concludes automatically without transitioning into recurring paid subscription arrangements. Participants revert to Lite membership tier unless they proactively select paid plan options before expiration. Plasma maintains discretion to adjust, pause, or discontinue subsequent promotional campaigns while fulfilling valid claims that satisfy published compliance requirements.
Oliver Dale
Editor-in-Chief of Blockonomi and founder of Kooc Media, A UK-Based Online Media Company. Believer in Open-Source Software, Blockchain Technology & a Free and Fair Internet for all. His writing has been quoted by Nasdaq, Dow Jones, Investopedia, The New Yorker, Forbes, Techcrunch & More. Contact [email protected]
DeXe [DEXE] has been printing fresh highs for weeks, gaining 45% in the past seven days alone and more than 1,000% across the past 180 days, as reflected on the chart.
Over the past 24 hours, capital has begun retreating as buyers step back and lock in profit, a shift that has dragged the asset down roughly 13% within the period.
The chart structure, however, points to a possible temporary pullback, with price still positioned to extend its upside over the longer term.
DeXe doji candles expose a standoff DeXe printed two telling doji candles in the early hours of the day.
The first, a gravestone doji, reflected intense sell pressure as price attempted to extend its upswing, while a dragonfly doji formed a few candles later and signaled bulls stepping back in.
Price currently sits decidedly bearish, and the near-term outcome hinges on the key demand zones mapped on the chart.
Source: TradingView Demand zone 1 offers the first line of support, and a sufficient bounce there could send price swinging upward to clear the overhead liquidity marked by the curved line on the left.
Should selling pressure keep mounting and that level give way, demand zone 2 stands ready to cushion price and absorb the pressure that has weighed on the asset for most of the day.
Demand zone 1 holding remains the likelier scenario, and volume data supports that read, with volume down 36% over the period.
Declining volume alongside a falling price often signals that the momentum driving the move is weak, which opens room for buyers to take control.
Indicators point to a slowdown rather than a reversal Momentum indicators aren’t fully aligned with the bearish price action, and the Accumulation/Distribution (A/D) indicator captures that tension.
The A/D line weights each period’s volume by where price closes within its range, serving as a proxy for whether an asset is being accumulated or distributed.
At the time of this report, it was trending slightly upward even as prices fell, a divergence that suggests a modest step-up in buyer activity within the period.
Source: TradingView Likewise, the relative strength index (RSI) is holding within the bullish 50 to 70 band at a reading of 52.
The RSI measures the speed and magnitude of recent price moves, and a reading sitting right on the midline points to neutral, relaxed sentiment rather than a decisive bearish shift.
The balance suggests the price is likely to settle around this level, which coincides with the demand zone.
Sell pressure eases across the Spot market Spot market data points to easing sell pressure so far. Spot netflow hit its highest net sales on the 12th of July as sellers dominated and net inflows reached $5.38 million.
Although sellers still hold the upper hand, the netflow has plunged to just $391,000, more than ten times below the earlier reading.
Source: CoinGlass This matters because it shows seller strength has weakened sharply on a netflow basis while buyers step in.
Final Summary DeXe has surged more than 1,000% over the past six months, and the current 13% dip looks more like profit-taking after a strong run than a shift in trend. Selling has cooled sharply over the last day, with net sales down more than tenfold from the July 12 peak, a sign that buyers may be stepping back in.
Cathie Wood has expanded ARK Invest’s position in SpaceX with a new $21.3 million purchase even as fresh warnings about a potential AI-driven market bubble have unsettled investor sentiment.
Summary
Cathie Wood’s ARK Invest bought another $21.3 million worth of SpaceX shares despite the stock’s recent decline. The purchase comes as a U.S. Treasury draft report warns that an AI downturn could pose risks beyond the technology sector. Analysts remain divided, with some warning AI valuations are overheating while BlackRock trims direct AI exposure. According to data from Yahoo Finance, SpaceX stock continued its recent slide on Monday, July 13, closing at $139.14, down 4.24% for the session. It has since recovered modestly, trading around $140.69 during Tuesday’s session.
Source: Yahoo Finance According to ARK Invest’s daily trading disclosures, the firm bought 130,241 shares of SpaceX across its ARK Innovation ETF (ARKK), ARK Autonomous Technology & Robotics ETF (ARKQ), and ARK Next Generation Internet ETF (ARKW). The combined purchase was valued at about $21.3 million.
As reported by crypto.news earlier, the latest transaction extends ARK Invest’s buying campaign during SpaceX’s post-listing decline.
Last month, the investment manager acquired about $32.5 million worth of SpaceX shares after the stock fell more than 16% from its post-IPO peak. That followed an investment of roughly $444.3 million across four ETFs on the company’s Nasdaq debut on June 12.
ARK Invest keeps adding despite technical weakness With the latest decline, SpaceX shares have slipped below the $150 level that previously served as an important price area. Notably, $145 has now become a key resistance level after earlier acting as support.
This continued selling could push the stock below its $135 IPO price if bearish pressure remains. SpaceX shares rebounded after ARK Invest bought about $52 million worth of stock during an earlier buying round last week.
Technical indicators, however, continue to paint a cautious picture. The MACD indicator has turned negative, suggesting bearish momentum is still active and could make it harder for the stock to recover above $150 in the near future.
Treasury report outlines AI-related market risks While ARK Invest increased its exposure to SpaceX, attention has also turned to a draft report from the U.S. Department of the Treasury examining risks tied to the rapid expansion of artificial intelligence.
Drawing on research by career-focused researchers at the University of Texas at Austin, cited by NOTUS, the report said AI companies are now more deeply connected to the U.S. economy than internet firms were during the dot-com era.
According to the report, any sharp downturn in the AI sector could spread beyond technology stocks into private credit, semiconductor manufacturers, cloud service providers, electric utilities, and businesses financing large-scale data center construction.
The Treasury report did not predict that such a downturn is imminent. Instead, it described a downside scenario in which AI companies fail to deliver the productivity gains and profitability currently expected by investors.
Under those conditions, the report said investment growth could slow, investor confidence could weaken, and economic expansion could lose momentum. It also identified supply chain disruptions, geopolitical tensions, electricity shortages, and financing constraints for data center infrastructure as additional risks.
Meanwhile, market observers continue to debate whether AI valuations have become stretched. In a recent Substack post, Bernstein and Cummings argued that the performance of leading AI stocks indicates the bubble is “still inflating.”
They also wrote that major technology companies are committing so much capital to AI that their cash reserves are shrinking, while technology investment has climbed to nearly 5% of U.S. GDP, exceeding levels seen during the dot-com era.
A different approach has emerged at BlackRock. According to comments from BlackRock analyst Rick Rieder, the asset manager is reducing exposure to companies whose businesses are centered on artificial intelligence and instead increasing focus on firms expected to benefit indirectly from AI demand.
One example he cited was Bitcoin miner TeraWulf, which has signed a 20-year agreement with Anthropic to host one of the company’s data centers.
He Yi: Binance has helped users recover more than $8 billion in mistakenly transferred cryptocurrency.
Binance co-founder He Yi stated in a social media post that since 2021, Binance has helped users recover over $8 billion in mistakenly sent cryptocurrency transfers.
5 hours ago
JPMorgan: Stablecoin operations of Circle and Coinbase face margin pressure, leading the bank to lower their earnings forecasts.
According to Bloomberg, JPMorgan Chase & Co. has stated that the stablecoin operations of Circle Internet Group and Coinbase Global are facing growing profit pressure, noting that a new partnership with crypto trading platform Hyperliquid highlights the "prisoner's dilemma" the two leading firms are in. On Tuesday, the bank lowered its profit forecasts for the two crypto companies, explaining that the new collaboration has altered the revenue distribution structure—specifically, how proceeds from USDC, the world’s second-largest stablecoin issued by Circle, will be allocated across its distribution partners.
5 hours ago
Walsh: Did not imply the Federal Reserve will not expand its balance sheet during crisis periods.
Fed Chair Walsh stated that June CPI exhibits a positive correlation with inflation expectations, and did not imply that the Federal Reserve would refrain from expanding its balance sheet during crisis periods.
5 hours ago
Noxa's official X account appears to have been hacked; users are advised to stay vigilant against risks.
According to monitoring by Onchain Lens, the official X account of Meme token launch platform Noxa has been reportedly hacked. Community users who interacted with links posted from the account have had their wallets emptied. Users are warned not to connect their wallets, sign any transactions, or engage with any links shared by this account.
Key HighlightsFinancial Institutions Lift Banking Sector on Strong Quarterly ResultsIBM Weighs Heavily on Dow PerformanceEnergy Markets and Geopolitical Developments Inject VolatilityGet 3 Free Stock Ebooks Annual June CPI registered at 3.5%, undershooting the anticipated 3.8%, providing relief for Federal Reserve policy decisions The S&P 500 advanced 0.4% while the Nasdaq climbed 1%; Dow Jones remained relatively unchanged Major financial institutions including JPMorgan, Goldman Sachs, and peers delivered robust quarterly performance IBM stock plummeted over 25% following disappointing earnings guidance, weighing heavily on the Dow Crude prices climbed as the United States proceeded with enforcement actions at the Strait of Hormuz Equity markets posted gains on Tuesday following an inflation report that came in milder than Wall Street anticipated. The Consumer Price Index climbed 3.5% on an annual basis in June, falling short of the 3.8% consensus estimate. The core inflation metric registered at 2.6%, also trailing the projected 2.8%.
BREAKING: June CPI inflation falls to 3.5%, below expectations of 3.8%
Core CPI inflation falls to 2.6%, below expectations of 2.8%.
Month-over-month CPI inflation fell -0.4%, the biggest monthly drop since May 2020.
US stock market futures are surging on the news.
— The Kobeissi Letter (@KobeissiLetter) July 14, 2026
The favorable data provided breathing room for the Federal Reserve. Prior to the release, market participants had been factoring in increased odds of a rate increase, with bond market activity suggesting heightened expectations for action at the upcoming July 28-29 Federal Open Market Committee gathering. The subdued inflation figures afford the central bank additional flexibility to maintain its current stance.
By midday trading, the S&P 500 had climbed 0.4% and the Nasdaq registered a 1% gain. The Dow Jones Industrial Average dipped marginally by less than 0.1%, oscillating between positive and negative territory during the session.
E-Mini S&P 500 Sep 26 (ES=F) Technology shares paced sectoral advances, although Tuesday’s rally failed to completely offset Monday’s decline. The financial sector tracked closely behind, positioned to record an all-time closing high.
Financial Institutions Lift Banking Sector on Strong Quarterly Results A cascade of second quarter earnings from leading banks arrived Tuesday morning. JPMorgan, Bank of America, Wells Fargo, Citigroup, and Goldman Sachs each unveiled results demonstrating impressive Wall Street profitability and equity trading performance.
Goldman Sachs announced record-breaking earnings. As the Dow’s most heavily-weighted component, it added approximately 477 points to the benchmark index.
Market analysts had entered earnings season with elevated expectations, and the major banks largely met or exceeded those projections.
IBM Weighs Heavily on Dow Performance IBM emerged as the Dow’s weakest performer on Tuesday. Disappointing earnings guidance triggered a share price collapse exceeding 25%, subtracting 445 points from the index.
This substantial decline nearly offset Goldman’s positive contribution, keeping the Dow anchored near unchanged levels throughout most of the trading day.
Artificial intelligence semiconductor stocks also encountered headwinds. South Korea’s SK Hynix, which recently commenced US share trading following Friday’s successful initial public offering, extended losses on Tuesday. A combination of interest rate speculation, capital expenditure concerns, and profit-taking activity pressured the segment.
Energy Markets and Geopolitical Developments Inject Volatility Crude oil prices advanced Tuesday. Brent crude had recorded its largest single-session surge in years during Monday’s trading as markets monitored US intentions to implement a blockade enforcement at the Strait of Hormuz.
President Trump announced Tuesday that he was substituting the 20% cargo fees revealed Monday with investment arrangements designed to channel capital into the United States.
Bitcoin also experienced upward movement earlier in the session, appreciating as the dollar weakened ahead of the inflation data disclosure.
The S&P 500 was trading at 7,548 and the Nasdaq at 26,142 as of early afternoon.
Key Takeaways SK Hynix debuted its American Depositary Receipts at $149, securing $26.5 billion in capital Demand during the IPO reached approximately $171.5 billion — representing 7x oversubscription Major institutional investors including Coatue, Baillie Gifford, and Situational Awareness sought up to $7 billion in aggregate allocations Barclays launched coverage with Overweight rating and $330 target — suggesting approximately 117% potential gain from $152.35 Analysts project DRAM demand expansion of 35% in 2027 against only 20% supply growth SK Hynix (SKHY) shares are changing hands near $186 following last week’s American listing, having priced their ADRs at $149 each — and major Wall Street analysts are already weighing in aggressively.
SK hynix Inc., SKHY
During the bookbuilding phase, the IPO order book swelled to approximately $171.5 billion. Against the backdrop of 177.9 million ADRs available, demand exceeded supply by more than sevenfold. The vast majority of interested parties received allocations substantially below their requested amounts.
Three institutional heavyweights — Coatue Management, Baillie Gifford, and Situational Awareness — collectively expressed interest totaling up to $7 billion. The investor roster also included sovereign wealth funds, technology-focused investment vehicles, and prominent global long-only managers.
Such overwhelming appetite stands out particularly given market conditions.
Memory semiconductor equities — encompassing SK Hynix’s Korea-listed shares and Micron — had plunged into bear territory in the sessions preceding the American debut. Market participants were dumping the sector amid concerns about a cyclical peak, despite strong quarterly results from competitors. Yet institutional capital was simultaneously flooding toward SK Hynix with unprecedented intensity.
Barclays Launches With Bullish $330 Price Objective Barclays kicked off coverage this Tuesday with an Overweight designation and a $330 price objective, representing potential appreciation of roughly 117% above Monday’s closing price of $152.35.
Senior analyst Simon Coles contends that DRAM supply constraints will intensify through 2027, with bit supply expansion of approximately 20% year-over-year projected to dramatically lag demand acceleration toward 35%. His analysis suggests this supply-demand imbalance could extend for multiple years.
Regarding SK Hynix in particular, Coles anticipates the manufacturer will maintain its dominance in high-bandwidth memory (HBM). He noted that any perceived technological gaps relative to Samsung should be “neutralised by HBM4E,” with SK Hynix preserving greater than 50% HBM market share over the coming years.
Coles additionally highlighted an evolving investment narrative centered on shareholder capital allocation. His projections show SK Hynix accumulating cash reserves exceeding 40% of current market capitalization by 2027’s conclusion, creating substantial flexibility for share repurchase programs. Under a scenario modeling $50 billion in buybacks, Barclays forecasts double-digit earnings per share expansion in 2028 — even assuming flat to modestly declining average selling prices.
Chinese Competition: Advancing but Contained Coles acknowledged that Chinese memory manufacturers are making rapid technical progress. China’s leading DRAM producer elevated its DDR5 manufacturing yield above 75% by late 2025, with bit shipment volumes estimated to have climbed 55% year-over-year in 2025 and projected to rise 48% in 2026.
However, he characterizes the immediate global competitive impact as constrained. Any market share captured by Chinese producers outside their domestic market would liberate merely 1-4% of combined production capacity across Samsung, SK Hynix, and Micron. Furthermore, China’s HBM3 technology development continues to lag, with volume manufacturing now expected to slip into 2027.
The American listing generated approximately $26.5 billion in proceeds, according to regulatory disclosures, positioning it among the most substantial capital raises in recent years.
Barclays’ $330 price objective represents the inaugural formal Wall Street assessment of the ADRs since trading commenced.
Bitcoin reclaimed $64,000 on Tuesday after U.S. inflation fell 0.4% month over month, easing expectations for prolonged Federal Reserve tightening and lifting sentiment across risk assets.
Notable Statistics:
Coinglass data shows 86,420 traders were liquidated in the past 24 hours for $435.03 million. SoSoValue data shows net outflows of $424.7 million from spot Bitcoin ETFs on Monday. Spot Ethereum ETFs saw net outflows of $15.4 million. In the past 24 hours, top gainers include Binance Life, Lighter and Zcash. Notable Developments:
Trader Notes:
Industry expert Benjamin Cowen noted that Bitcoin’s current price action resembles 2018, with two consecutive green weeks followed by a pullback around CPI.
If the pattern repeats, BTC could rally into late July or early August before retracing those gains by September.
Trader KillaXBT argued that many investors risk missing the next cycle by waiting for ever-lower Bitcoin prices.
While a drop to $49,000 remains possible, he believes bearish expectations would likely keep shifting to $35,000, $25,000, or even $10,000, causing sidelined investors to miss a reversal.
The analyst views current levels as a long-term accumulation opportunity and encourages buying with a multi-year investment horizon.
Trader Jelle highlighted that Bitcoin has flashed a rare three-day bullish MACD crossover below the zero line, a technical signal that has historically preceded major rallies.
He said the indicator that suggests bearish momentum is fading and selling pressure may be nearing exhaustion.
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Bonk (BONK) is gaining momentum, trading around $0.0000039 at the time of writing on Tuesday. The Bureau of Labor Statistics (BLS) reported that the Consumer Price Index (CPI) declined by 0.4% in June on a seasonally-adjusted basis, marking the sharpest monthly decrease since April 2020.
This pullback brought the annual headline inflation rate down to 3.5% from 4.2% in May, a notable cooling that could influence risk sentiment and speculative flows in risk assets.
Core inflation, which excludes the more volatile food and energy prices, remained flat MoM, keeping the annual rate steady at 2.6%, down from 2.9% in May.
BONK derivatives activity coolsRetail demand for Bonk derivatives has cooled further with perpetual futures Open Interest (OI) averaging 1.25 trillion BONK on Tuesday, down from 1.36 trillion BONK the previous day. Looking back, OI averaged 1.48 trillion BONK on Saturday, suggesting a shift in the short-term outlook among retail investors. If sustained, the cooling OI could lag the current rebound.
Bonk Futures OI | Source: CoinGlassPrice analysis: Bonk bulls tighten gripBonk moves toward a potential breakout above the next resistance level at $0.0000040, with support from an improving technical structure. The Moving Average Convergence Divergence (MACD) indicator has confirmed a buy signal on the 4-hour chart, with its histogram expanding marginally within the positive region, reinforcing the short-term gains.
BONK/USDT daily chartA daily close above $0.000004 is needed to steady the recovery within a broader bearish outlook. Further up, the 50-candle Exponential Moving Average (EMA) near $0.0000041 highlights a resistance level, where sellers could reassert their influence, followed by the 100-candle EMA at $0.0000042 and the 200-candle EMA at $0.0000044.
On the flip side, immediate support emerges at the descending trendline’s break area around $0.00000384 and then Monday’s low at $0.0000036.
Open Interest, funding rate FAQs Higher Open Interest is associated with higher liquidity and new capital inflow to the market. This is considered the equivalent of increase in efficiency and the ongoing trend continues. When Open Interest decreases, it is considered a sign of liquidation in the market, investors are leaving and the overall demand for an asset is on a decline, fueling a bearish sentiment among investors.
Funding fees bridge the difference between spot prices and prices of futures contracts of an asset by increasing liquidation risks faced by traders. A consistently high and positive funding rate implies there is a bullish sentiment among market participants and there is an expectation of a price hike. A consistently negative funding rate for an asset implies a bearish sentiment, indicating that traders expect the cryptocurrency’s price to fall and a bearish trend reversal is likely to occur.
Hackers seized control of the prominent SpaceX and Starlink accounts on X to pull off a scam by promoting a memecoin, on-chain data shows.
According to the on-chain analytics platform Lookonchain, the hackers used the two companies of Elon Musk’s social media feeds to drum up interest for a memecoin they called SCATMAN and then rug pulled the investors.
The compromised accounts posted promotional content for the scam token, drawing in victims. The hackers made off with the funds before the posts were taken down. SpaceX’s X account has 2 million followers while the Starlink X account has 1.6 million followers.
As they promoted the token, the hackers minted 10 trillion SCATMAN. When buyers scooped up the digital asset the hackers unloaded the memecoin and pocketed approximately $108,000 worth of Ethereum (ETH), a common rug pull scheme.
Lookonchain also noticed another wallet was involved in the scam. The hacker used the wallet to sell 59.28 million SCATMAN for $27,000 worth of ETH.
The on-chain data shows the rapid movement of ETH shortly after the promotions appeared. Security researchers monitoring the activity noted the swift execution of the attack, highlighting vulnerabilities in high-profile social media accounts tied to major tech brands. The incident underscores the risks of social engineering and account takeovers in the cryptocurrency space.
Ethereum is trading for $1,763 at time of writing, down 3% in the past 24 hours.
Solana powerhouse Jito has introduced JIP-38, a governance proposal that would commit the Jito DAO's entire 80% share of fees generated by JTX, its new self-custodial trading platform, to automated open market buybacks and burns of the $JTO token for at least 1 year.
The proposal, announced by Jito and authored by Dr. Nick Almond, Head of Governance at the Jito Foundation, seeks to formally establish Jito as what it describes as a "token-centric network." Under that model, all major protocol revenue flows to the DAO and remains under tokenholder governance, with the only standing exception being the 20% of JTX fees reserved for JTX development.
If approved, the commitment would remain in place from JTX's launch until a scheduled governance reappraisal in Q4 2027.
How the Buyback Mechanism Would Work JTX Trade, Jito Labs' long-awaited consumer-facing trading platform on Solana, launches today to waitlisted users, featuring spot markets and tokenized equities, with perpetual futures planned later this year. Under the current revenue structure, 80% of JTX platform fees flow to the Jito DAO, while 20% remains with JTX for continued development.
JIP-38 proposes sending the DAO's entire 80% share into a programmatic system called the Rev Splitter. The Rev Splitter would automatically purchase $JTO on the open market before permanently burning the acquired tokens.
Rather than allowing discretionary treasury spending, every dollar of the DAO's JTX revenue would automatically reduce $JTO's circulating supply during the commitment period. Because the system operates onchain, tokenholders would be able to verify fee collection, buybacks, and burns in real time.
Any attempt to redirect those funds before the end of the commitment would require a separate governance proposal.
Proposal Reinforces Tokenholder Governance According to the proposal, Jito wants to resolve an industry debate over whether value should accrue to protocol tokens or to the equity of companies building around them.
The proposal also emphasizes that tokenholders retain authority over how those revenues are deployed. Governance can choose between value-accrual mechanisms, such as buybacks and burns, and growth initiatives, such as subsidies and incentives for future JIPs.
It goes ahead to outline responsibilities for the Dev Council, CSD, and Foundation, with the Dev Council managing the Rev Splitter, the CSD handling buyback commitments and analytics, and the Foundation coordinating JTX fee routing and governance updates. No existing treasury funds are required, as buybacks would be funded through JTX revenue while development would rely on existing budgets.
Notably, JIP-38 would also update Jito's governance documentation to formally recognize the network's token-centric policy.
Broader Expansion Across the Jito Ecosystem The proposal also comes during an active period for the broader Jito ecosystem, particularly around the continued adoption of Jito’s Block Assembly Marketplace (BAM).
Launched in September 2025, BAM introduced a new high-performance architecture for building blocks on Solana. Adoption has continued to accelerate, with 369 of Solana’s 715 validators now running Jito’s BAM Client, representing 51.6% of validators. BAM validators currently account for 31.9% of total $SOL staked, representing approximately $10.65 billion in stake.
In 2026 so far, BAM has grown from roughly 12% to 32% of the network's stake, added nearly 150 validators, from 223 to 369, and surpassed 80 million $SOL staked across BAM validators.
Jito Labs has continued expanding BAM’s capabilities and infrastructure. In April, the team shipped the BAM plugin, giving prop AMMs a dedicated transaction path to update quotes at 50-millisecond intervals. The system introduced a level of predictable, TradFi-style execution precision that has not previously existed on a decentralized network. In June, Maker Priority Plugin went live on Archer Exchange. MPP prioritizes transactions during BAM slots and reduces toxic flow for market makers, helping enable tighter spreads for onchain markets.
Yesterday, July 13, a new BAM node went live in Hong Kong. The deployment expands BAM’s data center footprint and supports Jito’s broader goal of building a more decentralized and resilient network.
In addition to revenue from BAM, all major Jito revenue streams already belong to the DAO, including revenue from $JitoSOL and the Block Engine. If approved, JIP-38 would make JTX the newest revenue stream directed toward automated $JTO buybacks while leaving tokenholders responsible for deciding the long-term allocation of network revenues after the Q4 2027 review.
Read More on SolanaFloor SBI and Solana Foundation Team Up to Build Japan’s First Onchain Financial Market
Solana Slips Below $76 as $253M Liquidation Wave Hits Traders Amid Fresh Geopolitical Tension
Bittensor price has slipped and reached $199. TAO’s market structure is dominated by sellers. Bittensor (TAO) opened the month of July under pressure as the bears took over the overall market direction. The digital asset’s momentum is attempting to cross the red line, attracting the bulls into the charts, which is landing on the same page, failing.
Moreover, looking at the recent trading pattern, the trend remains negative, with the asset continuing to trade within an established downtrend. Thus, the bearish price alignment confirms that the sellers dominate the entire market conditions of TAO.
Only the buyers who enter with steady momentum would make the current market tendency turn bullish. Notably, Bittensor is currently trading within the $199.15 threshold after losing 3.61% in value over the last 24 hours. Also, the asset’s daily high is noted at $208.61.
Bittensor’s Key Price Levels to Watch A few upcoming price ranges are highly dependent on Bittensor’s short-term movements. If the immediate support is found at $198.02, the level to follow is likely sitting at $196. A crucial zone observed after the emergence of a death cross could be between $195.21 and $193.17. This area decides whether the price stabilises or continues to fall.
On the flip side, a sudden recovery might take the TAO price toward the $200 range. With a stronger push on the upside, the potent bulls could wake, and the price moves above $202.53, showing stronger momentum. Assuming the formation of a golden cross, the next resistance levels are expected to be between $203.11 and $205.69.
Analysing the Technical Setup of TAO The four-hour trading chart setup reflects a strong bearish trend with aggressive downward momentum. Both the Moving Average Convergence Divergence and signal lines are below zero; the market structure is dominated by sellers.
The MACD line crossing and staying below the signal line indicates that sellers are actively driving the price lower. The TAO market is in a clear distribution phase, and traders wait for the trend to show bullish divergence before looking for a bounce.
In addition, the daily Relative Strength Index (RSI) value resting at around 31.75 hints that Bittensor is knocking at the oversold territory. The bears have been in complete control, pushing the price down significantly over the last several candles.
The downward move is highly mature. This is a cautious zone, and most dedicated traders will watch the asset closely. Furthermore, waits for a definitive bounce off the 30 line to signal that the selling momentum is exhausted.
Crypto Market Highlights
Ethereum (ETH) Accumulation: How Are Institutional Moves Reshaping the Market Structure?
Content Writer | Crypto Enthusiast | Bridging Literature and Blockchain
Dan Pinto is CEO and co-founder of Fingerprint. With over a decade in tech, he is an entrepreneur behind many startups.
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Return fraud has always been a cost of doing business in e-commerce. A customer claims a package never arrived. Another says the product was defective. A third insists they received the wrong item entirely. For years, platforms handled these disputes by asking for photographic evidence.
Generative AI has made it easier than ever to fabricate “pixel-perfect” images of damaged, defective or missing goods. Scammers in China have already operationalized this at scale, submitting AI-altered images to extract refunds on products that arrived without a single defect. Even images that were clearly AI-generated still resulted in successful refund payouts because the content review process is too slow and too broken to catch everything.
Catching and stopping this type of fraud is a bit like a game of cat and mouse. E-commerce platforms can build a great image detector, and fraudsters will build a better image generator or overwhelm review systems with hundreds of photos. AI-generated images used in refund claims have increased by more than 15% since the start of 2025, and continue to rise globally.
To combat this trend, e-commerce platforms need to change what they verify. Instead of using a “smarter” photo scanner, companies need to focus on the device that’s submitting the image.
The Shortcomings Of Content VerificationTo understand why content verification is failing, it helps to understand why platforms adopted it in the first place. Companies like Amazon, DoorDash and Lime built image-based verification into their refund and claims workflows as a friction mechanism. Requiring a photo meant effort, with the assumption that only those with a defective product would go through with submitting a claim.
What once required fraudsters hours to edit images can now happen almost instantly with a prompt. What platforms actually need to do now is verify the legitimacy of the person submitting it. A customer with a substantial purchase history, completed orders and no prior disputes has a different risk profile than newly created accounts from the same IP address in a short period of time.
Strategy 1: Layering Context Verification Into Content VerificationThe practical implementation of context verification starts with device intelligence. Device intelligence evaluates a device's characteristics and behavioral patterns in real time before a refund request is approved or even reviewed.
The moment a refund is requested, device intelligence allows platforms to establish a trust context and ask the questions a photo can’t answer:
• Has this device been associated with confirmed fraud elsewhere on the platform?
• Do the device's characteristics match the signatures of automation tools or bot networks?
• Is this device connected to multiple accounts?
• Is the device presenting itself as a mobile app user while running on a desktop emulator?
Technical indicators associated with tools commonly used to industrialize refund fraud leave their own traces that device intelligence can surface to quickly answer these questions before any human reviewer ever looks at a submitted image.
As AI agents’ popularity increases in e-commerce, transactions become harder to verify and content verification alone becomes even less useful as a fraud signal.
The solution is straightforward: Use device context to aid in the refund process.
Strategy 2: Stop Repeat Offenders Before They Strike AgainSerial return fraudsters operate on a simple assumption: Resetting their digital identity—whether by creating new accounts, cloning mobile applications or activating a VPN—means starting with a clean slate. From the platform's perspective, each attempt to reset a digital identity looks like a brand-new customer, but from a device-intelligence perspective, these attempts can be linked.
Device identification that persists across proxy, VPN and incognito browsing sessions makes this pattern visible. A device identifier that remains stable across identity-reset attempts is more reliable than an easily changeable IP address or session cookie. This identifier makes it possible to link dozens of refund requests across different accounts to a single physical device, surfacing patterns that siloed account-level views would miss. For marketplace platforms like Amazon, this means the operator can detect the same fraudster targeting multiple sellers. For individual retailers, a stable device identifier connects fraudulent activity across multiple accounts or sessions within the retailer’s own platform. That link is what turns a single refund request into a visible pattern. By the time a fraudster uploads their AI-generated image, the platform has already seen enough to flag the request.
Strategy 3: Adding Friction To Returns Without Penalizing Loyal Customers Traditional fraud prevention measures typically introduce unintended friction for good customers.
With device intelligence, merchants can still provide frictionless experiences for devices with a strong, clean history of consistent purchase patterns, few prior disputes and clean device characteristics. For devices that lack history, exhibit tampering or automation signals or have other suspicious attributes, the technology can trigger step-up friction, such as an additional verification step or a hold on their account.
This mitigates risk and creates an economic deterrent for bad actors. Fraudsters can operate at scale because the per-attempt cost is low and the yield is high. When an attempted return encounters friction, such as a hold period or a verification call, the time and cost of the attempt rise. When these deterrents are applied, fraudsters who run these schemes at scale cannot afford to spend 20 minutes on a manual verification call for a $20 refund.
The Bigger PictureThe rise of AI-generated fraud is a direct threat to the digital trust that makes modern e-commerce possible. Platforms that continue to rely on easily spoofed visual “proof” risk creating a landscape in which every legitimate customer is treated with suspicion, even as they continue to lose revenue to scammers. The future of e-commerce belongs to the platforms that can efficiently and accurately distinguish between a return requested by a fraudster using a falsified image and one requested by a loyal customer. By expanding our focus beyond what is shown to include identifying the device that shows it, we can leave behind the cat-and-mouse game of content verification.
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Privacy on a public blockchain has always felt like a contradiction in terms. Every transaction is visible, every wallet balance is readable, and your entire financial history is one block explorer search away from being an open book. Starknet thinks it has a fix.
On June 9, 2026, Starknet launched STRK20, a native privacy framework built into its Ethereum Layer-2 ZK rollup architecture. The system lets users shield any ERC-20 token balance, execute private transfers, and run private swaps, all without spinning up a separate privacy coin or fragmenting liquidity into isolated pools.
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How STRK20 actually works The framework runs on a note-based privacy pool: instead of broadcasting your token balance to the entire network, your assets are converted into encrypted “notes” that only you can open and spend. The proofs themselves are generated client-side using zero-knowledge cryptography, which means your device does the heavy lifting locally before anything touches the chain. On-chain, the network only verifies that a valid proof exists, not what the underlying transaction contains.
The first asset to use STRK20 was strkBTC, which went live on the framework following Starknet’s v0.14.2 protocol upgrade in April 2026. USDC support followed on June 25, 2026, extending privacy capabilities to one of crypto’s most widely used stablecoins. The system is designed so any ERC-20 token on Starknet can plug in without requiring separate liquidity. Supported wallets at launch include Xverse, AVNU, and Circle integrations.
The compliance piece, and why it matters STRK20 includes an encrypted viewing-key mechanism that allows users to selectively disclose transaction history to auditors, regulators, or legal counterparties without making that information public. Encrypted viewing keys can be held by third-party auditors, meaning a court order or compliance request can unlock a specific user’s transaction history without compromising anyone else’s privacy on the network.
What this means for Starknet’s competitive position Starknet’s rollout of STRK20 follows a deliberate build-up that began in March 2026 with initial privacy-related feature introductions, accelerating through the April 2026 full privacy engine implementation, and culminating in the June mainnet launch.
Starknet has signaled that upcoming phases will expand STRK20 into private lending products and cross-chain functionality.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Established digital platform AlienWP expands into online casino coverage with news portal and reviews, while simultaneously developing player comparison tool Alien Wise Play
Established in 2013, digital platform AlienWP has unveiled a comprehensive iGaming news portal that delivers coverage on online casino developments, operator reviews, regulatory changes, promotional offerings and player protection initiatives. This expansion coincides with ongoing work on Alien Wise Play, a comparison dashboard designed for casino players.
Main Announcement Table of Contents
Main AnnouncementSupporting DetailsSpokesperson QuoteFuture PlansAbout AlienWPMedia Contact The newly introduced iGaming news portal from AlienWP will deliver comprehensive reporting on the online casino industry, encompassing regulatory developments, promotional changes, sector updates and player welfare matters. The platform emphasizes delivering accurate, current information to readers without promotional bias.
This development represents the initial phase of AlienWP’s strategic expansion into iGaming. According to the company, the news portal will operate concurrently with Alien Wise Play’s development, with both elements intended to provide players with transparent, unbiased resources.
Supporting Details Currently under development, Alien Wise Play is a web-based dashboard designed to enable players to evaluate online casinos side-by-side, bookmark preferred operators, monitor promotional offers, and review licensing information prior to registration. The platform will not function as a casino operator, handle financial transactions, or offer gambling recommendations.
While supported by affiliate revenue arrangements, AlienWP emphasizes that the tool prioritizes player utility over typical affiliate site objectives. The company highlights transparency and responsible gaming as fundamental values shaping the platform’s creation.
Central to Alien Wise Play’s functionality is the Wise Play Score, a proprietary evaluation framework that judges casinos across multiple criteria including licensing standards, trustworthiness, payment dependability, operational transparency, support services and player safeguards. According to AlienWP, future iterations will integrate compiled player feedback and artificial intelligence-powered evaluation tools while maintaining editorial independence from reviewed operators.
Additional information about the forthcoming platform can be found at Alien Wise Play.
Spokesperson Quote Oliver Dale, representing AlienWP, commented: “Introducing our iGaming news section represents the opening move in a more comprehensive initiative. As we continue developing Alien Wise Play, we’re committed to providing players with trustworthy casino news and review content immediately. Our entire approach centers on delivering transparent information while prioritizing player welfare.”
Future Plans Moving forward, AlienWP will maintain consistent publication of iGaming news content and casino evaluations as development work on Alien Wise Play advances. Additional announcements regarding the platform and its Wise Play Score system will be released as the launch date approaches.
About AlienWP Established in 2013, AlienWP operates as an iGaming news and casino information resource providing coverage of online casino developments, operator reviews, regulatory matters, promotional offerings, responsible gaming initiatives and sector trends. The organization is simultaneously building Alien Wise Play, a player-oriented dashboard enabling users to evaluate casinos, monitor bonuses, and access transparent licensing and safety data. Additional details are available at alienwp.com.
Media Contact Oliver Dale
AlienWP
Website: https://alienwp.com
A major US securities industry association has called on the Securities and Exchange Commission (SEC) to take a firm stance in the evolving sector of tokenized stocks by clearly favoring company-authorized tokens over synthetic versions issued by third parties. The Securities Transfer Association (STA), which represents transfer agents and other market participants, conveyed its position in a letter sent to the SEC on July 1.
STA seeks clarity on tokenized assetsThe STA argued that only tokens created by the companies themselves should receive preferential regulatory treatment, while synthetic tokens—those generated by outside crypto platforms—should not be placed on equal footing. According to the association, distinguishing between these models could help protect investor rights and market stability as tokenization expands.
Citi analysts estimate that the market for tokenized securities could reach $5.5 trillion by 2030, with company-issued tokenized stocks making up $2.6 trillion. Currently, the majority of the approximately $2 billion tokenized-stock market is based on synthetic offerings, primarily operated by firms such as Ondo Finance and Kraken, especially through Kraken’s xStocks platform. US retail investors are mostly barred from accessing these products.
Mini dictionary: The Securities Transfer Association (STA) is a US-based trade group representing organizations that track changes of ownership in securities, notably transfer agents and similar institutions.
MetricCurrent (2024)Projected (2030)Tokenized securities market size~$2 billion$5.5 trillionTokenized stocks componentN/A$2.6 trillionSEC’s approach under reviewIn January, SEC staff acknowledged the division between custodial tokens issued with company approval and synthetic tokens produced by external parties. However, formal regulatory rules have not yet been put forward. This regulatory uncertainty has prompted the agency to delay a proposed “innovation exemption” earlier this year due to ongoing concerns about the risks of synthetic tokenization.
The SEC’s forthcoming decisions regarding the classification and treatment of these digital stocks are likely to have a substantial impact on market participants and investors. Disagreements about investor protections and legal rights tied to new token models remain at the forefront as platforms rapidly innovate in this area.
Uptick in institutional interest and onchain equitiesThe debate comes as leading institutions, including major stock exchanges and fintech platforms, accelerate their plans to bring traditional equities onchain. Coinbase and Robinhood have intensified their efforts to integrate blockchain technology into the equities market, while established exchanges such as Nasdaq and the New York Stock Exchange have revealed partnerships and pilot programs to explore tokenized equity trading.
Executives from Ondo Finance and Kraken—platforms at the center of the synthetic-token model—have stated that their solutions provide liquidity and efficiency benefits, although legal and regulatory questions remain unresolved.
While proponents of company-backed tokens assert that they strengthen investor rights and meet strict regulatory standards, supporters of synthetic versions argue that their products increase market accessibility and innovation. Industry participants expect further regulatory commentary and potential rulemaking later this year.
STA has urged the SEC to recognize only company-authorized tokenized stocks as eligible for streamlined regulatory treatment, raising concerns about legal risks and investor protections around synthetic token models.
With the SEC signaling close attention to the rapidly developing tokenization landscape, market participants await further clarity on the legal boundaries of tokenized equities and their future place in US markets.
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.
According to Hyperinsight monitoring, SK Hynix’s stock once dipped below $1,200 intraday today, triggering a wave of concentrated bottom-fishing in crypto-related contracts. Across platforms, long positions for SKHX rose significantly; Binance’s funding rate jumped to 0.5% per 8 hours, with trading congestion rising notably. On Hyperliquid, the large wallet posting the strongest profit in this bottom-fishing round is the address starting with 0x803. This address currently holds a 10x isolated long position of 1,500 SKHX contracts, with a notional position size of around $1.949 million and an average entry price of $1,183.3. As of press time, SKHX trades at approximately $1,299.5, some 9.8% above its cost basis. The long position has an unrealized profit of around $174,300, with the return rate climbing to 98.2%—the highest among all visible large SKHX bottom-fishing addresses on the platform, and its liquidation price stands at $1,023.9. Data shows that during SKHX’s accelerated midday dip, this address completed 228 buy orders within roughly half an hour, accumulating 1,500 contracts at prices ranging from $1,165.7 to $1,204.4, with a total transaction value of around $1.775 million. Following SKHX’s subsequent sharp rebound, the position quickly turned from low-level entry to substantial unrealized profit. Currently, the address has placed two take-profit sell orders for 300 contracts each at $1,305.5 and $1,315.5 respectively, totaling 600 contracts with a notional value of around $786,000, covering 40% of its current long position. If both orders are fully executed, the remaining 900 long contracts will retain upside exposure. HyperInsight Bot is now live. Add @HyperInsightBot to your Telegram group and set it as admin (enable message sending permission) to automatically sync on-chain news.
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