Crypto trader Machi (\u0022@machibigbrother\u0022) has offloaded 34 BoredApeYC NFTs for 326 ETH over the past month, according to on-chain tracker Lookonchain. Lookonchain estimates the sales crystallized a loss of about 399 ETH. The move follows multiple liquidations tied to the trader\u0027s Ethereum-related positions. \u0022Is he running out of money?\u0022 Lookonchain wrote.

Solmate's shares have slumped more than 98% since the Nasdaq-listed company completed a $300 million private financing round in late 2025 and repositioned itself as a Solana treasury firm. Despite the steep equity selloff, the company still reports holdings of about 2 million SOL. The selloff has drawn attention across crypto markets, with investors reassessing the risk profile of public companies that hold digital assets on their balance sheets. Sentiment toward crypto treasury stocks deteriorated more sharply than SOL itself, which is down roughly 50% over the past year. Solmate's pivot followed a major corporate overhaul. Previously operating as Brera Holdings, the business owned stakes in football clubs in multiple markets, including Italy, North Macedonia, Mozambique and Mongolia. In September 2025, management announced a strategic restructuring, rebranded as Solmate and shifted its focus toward building a Solana-focused treasury operation. According to reporting circulated by Wu Blockchain, the transition drew substantial institutional backing. The $300 million financing included ARK Invest, Pulsar Group, RockawayX and the Solana Foundation, fueling early optimism that the strategy had been validated by well-known backers. That optimism faded in the months that followed. Solmate shares fell from a split-adjusted level near $249 to about $4.90 in recent trading, erasing more than 98% of shareholder value. The magnitude of the decline far exceeded the move in the underlying token, highlighting how treasury stocks can trade at rapidly shifting premiums or discounts depending on market conditions. The episode underscores the added layers of risk embedded in equity exposure to crypto holdings, including operational and financing dynamics that sit on top of token price moves. Even as investor demand for crypto treasury vehicles cooled across the sector, Solmate remains one of the largest publicly disclosed corporate holders of SOL.

Tether is accelerating its push to bring tokenized gold deeper into crypto finance after lender Ledn added support for Tether Gold (XAU₮), paving the way for gold-backed borrowing later this year. Ledn users can now hold and trade XAU₮ alongside Bitcoin, USD₮ and USA₮. The company plans to launch loans against XAU₮ later in 2026, allowing clients to raise liquidity without selling their gold exposure. Each XAU₮ represents one fine troy ounce of physical gold held in Swiss vaults. Tether said customer collateral will remain fully backed 1:1 and will not be lent out or rehypothecated, addressing concerns that intensified after the 2022 wave of crypto lending failures. The move highlights growing demand for tokenized bullion as a bridge between traditional safe-haven assets and crypto settlement rails. By enabling borrowing against XAU₮, Ledn and Tether are bringing a familiar practice from traditional markets—gold-backed lending—into digital finance, with borrowers able to receive stablecoins while maintaining exposure to physical gold. Tether reported strong growth in XAU₮: reserves reached 707,747.139 fine troy ounces as of March 31, 2026, up from 520,089.350 ounces at the end of 2025. The company said XAU₮ market value rose from about $2.25 billion to more than $3.3 billion during Q1 2026. Reuters has estimated Tether's broader bullion position at around $23 billion, including roughly 132 metric tons of gold backing USDT (valued near $19.8 billion) and about 22 tons allocated to XAU₮. Ledn said the XAU₮ lending product will mirror its Bitcoin-backed loan structure, designed to provide cash liquidity while preserving upside exposure to the underlying asset. Tether is also expanding XAU₮ integrations across the ecosystem. It partnered with Fasset on a Visa card offering up to 6% cashback in tokenized gold, positioning XAU₮ closer to everyday payments. The company is reallocating resources following the shutdown of Alloy and aUSDT; users can redeem aUSDT for XAU₮ until Sept. 17 before Alloy support ends. Tether's gold strategy sits alongside broader investments in technology and infrastructure, including Bitcoin mining, renewable energy, AI infrastructure and strategic stakes in ventures such as Gold.com and Antalpha. CEO Paolo Ardoino said demand is rising for solutions that combine long-term ownership with financial flexibility as digital assets play a larger role in the global economy. Tether and Ledn are positioning tokenized gold as more than a digital store of bullion, aiming to make it functional collateral in crypto lending markets. Wider adoption of XAU₮-backed borrowing could give investors a new way to access liquidity without reducing physical-gold exposure, while further integrating traditional safe-haven assets into crypto-native financial infrastructure.

Hyperliquid has moved ahead of S.A.N.T.A in 24-hour revenue, adding fresh evidence to the market's ongoing debate over which memecoin infrastructure model can scale more sustainably. Built on its own Layer 1 blockchain designed for perpetual futures trading, Hyperliquid has become one of DeFi's more productive fee machines. DefiLlama data shows cumulative revenue above $1 billion, at roughly $1.027 billion. The protocol's fee loop is straightforward: it collects trading fees and directs them into an "Assistance Fund," primarily used to conduct routine buybacks of HYPE, Hyperliquid's native token. Up to 97% of fees are redistributed for these buybacks. On a run-rate basis, annualized revenue is currently estimated between $676 million and $843 million. Hyperliquid has periodically generated more revenue than Ethereum. The project says it operates without venture capital funding and with a lean team. Questions persist around S.A.N.T.A's transparency. Public information on S.A.N.T.A's operations, revenue metrics, and broader business model is difficult to independently verify. No public sources confirm S.A.N.T.A's operational performance or revenue claims in a way comparable to Hyperliquid, whose figures can be monitored via DefiLlama and other on-chain analytics tools. For investors, Hyperliquid's focus on perpetual futures offers a structural tailwind: perps are the most actively traded instrument in crypto and often exceed spot volumes by multiples. The HYPE buyback program, funded by up to 97% of fees, can create steady demand pressure on the token. The same high redistribution rate also leaves limited room to build reserves or support development during weaker market periods.

Solana is increasingly being cited as a Layer 1 that is broadening beyond a single narrative. Data from Token Terminal shows Solana trading volume climbed above $67 billion in Q2, up from just over $2 billion in Q1, a roughly 3,200% quarter-over-quarter jump that points to a sharp rise in on-chain activity. Market commentators have framed the move as diversification rather than a one-off meme-driven spike. Ansem highlighted that activity is spreading across memecoins, perpetuals, tokenized assets, staking protocols, and other use cases, strengthening the view that demand is not purely speculative. Another analyst echoed that users appear to be rotating familiar assets onto faster, cheaper rails. That backdrop has created a notable gap between usage and price. While on-chain indicators suggest expanding real activity, SOL's chart has looked comparatively soft, a divergence traders often monitor for a turning point. Still, positioning signals are pulling in the opposite direction. A $15 million short in SOL has drawn attention, with the trade potentially targeting a leverage-driven move rather than disputing Solana's network growth. The bearish setup centers on the risk of crowded longs: if momentum fades, forced liquidations could snowball around key liquidity levels, with $66 cited as an important zone. Timing remains the swing factor. If broader conditions deteriorate and Bitcoin (BTC) stays under pressure, higher-beta trades such as SOL can see sharper drawdowns as leverage unwinds. In a more aggressive flush, SOL could revisit $40. ETF flows add another cautionary data point. While Solana spot products have posted steady inflows since launch, June 2026 is showing early weakness, with month-to-date flows at about $5.8 million in outflows. Taken together, SOL's consolidation near $70 is being interpreted by some as a potential bull-trap setup: strong on-chain growth, but weakening price action and ETF demand, with the $15 million short positioned for a risk-off liquidity flush.

RT Tokens on Solana — Latest: Solana ranks first among blockchains by application revenue, leading on the day, the week at $19M, and the month at more than $85M. It outperformed Hyperliquid, Ethereum and all other networks over the same periods.

Framework Ventures has closed a new $400 million fund aimed at opportunities where tokenization, stablecoins and emerging technologies converge, CoinDesk reported. Cofounder Michael Anderson said the firm expects blockchain's next leg of growth to move beyond crypto's internal market cycles and increasingly function as a financing layer for capital-intensive sectors such as AI, robotics and energy. He said the industry's center of gravity has shifted from the 2020–2021 wave of DeFi, DAOs and crypto-native products toward entrepreneurs using blockchain rails to fund real-world businesses. In Anderson's view, tokenization, blockchain networks and stablecoins are maturing into financial instruments that can support funding needs beyond trading and speculation, particularly for industries that require substantial upfront investment. AI computing infrastructure is one of the firm's core focus areas. Anderson said GPUs and other compute hardware can serve as collateral and, once tokenized and brought on-chain, may unlock lower-cost financing. He argued traditional securitization markets struggle to package individual servers or standalone devices into investable products, while on-chain stablecoin liquidity pools can offer an alternative route. With on-chain stablecoin supply now above $300 billion, the firm sees these pools as an expanding source of asset-backed lending. Framework's recent deals extend the thesis into energy and payments. The firm cited investments including Daylight, which finances residential solar projects through a decentralized energy network; Uranium Digital, which is building a tokenized market for trading physical uranium; and Plasma, which is developing a blockchain banking platform centered on stablecoin payments. It has also invested in TVL Capital and robotics startup Mecka AI. TVL Capital was founded by former members of Morgan Stanley's digital assets team, while Mecka AI provides training data for advanced AI companies. Anderson added that the profile of founders entering crypto is changing, with more coming from traditional finance, energy and industrial technology rather than the earlier wave of anonymous developers and speculative protocol builders. He said the emphasis is increasingly on using blockchain to address real-world financing constraints. The view reflects a broader industry shift as global banks and asset managers expand the use of blockchain networks to issue, trade and settle traditional financial assets, while stablecoins continue to gain traction in cross-border payments and corporate treasury operations.

Tether is moving to turn its sizable gold holdings into a lending operation by taking its tokenized gold product, XAUT, to crypto lender Ledn. The companies expect to launch gold-backed loans later this year, allowing XAUT holders to borrow against their bullion instead of selling it, similar to Ledn's bitcoin-backed lending model. Tether holds about $23 billion in physical gold, roughly 140 metric tons, placing it among the world's top 30 corporate gold holders. Each XAUT token represents one troy ounce of gold stored in Swiss vaults.