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The redesigned app will use AI to recommend trades and tailor investing tools around users' financial goals as Kraken expands into broader financial services.
Five senators called for committee hearings to investigate US President Donald Trump’s policies potentially being influenced by crypto funding from United Arab Emirates-linked and other entities.
The Solana ecosystem continues to improve in performance, supported by high transaction volume, decentralized application revenues, and the growing number of tokenized assets. Even though SOL has faced price fluctuations, blockchain metrics suggest the ecosystem is attracting users and investors.
Recent network statistics show Solana has one of the highest levels of blockchain activity among other blockchains. Meanwhile, technical signals indicate buyers are attempting to form a short-term rebound.
Based on blockchain dashboards provided by Tanaka, Solana is still handling up to 100 million transactions daily. The success of these transactions represents the largest percentage of all network transactions.
The most notable milestone came in early July, when the number of non-voting transactions went above one billion for the first time ever. Non-vote transactions refer to actual user activity rather than communication between validators.
Daily active addresses also remained elevated, averaging 1.93 million per day, while DEX trading volume averaged $2.09 billion daily. These statistics show that users keep participating in the project despite broader uncertainties in the crypto market.
The ecosystem of applications on Solana continues to drive significant economic activity. Following an accelerated expansion period throughout late 2024 and early 2025, application revenue slowed somewhat, though it remains high by historical standards. In the second quarter, decentralized applications built using Solana generated about $262 million in revenue.
As Tanaka noted, this figure represents around 41% of total Web3 decentralized application revenue and confirms Solana’s status as one of the top ecosystems for smart contracts in the industry. Several applications contributed meaningfully to this performance.
The largest revenue contributor was Pump. Fun, while other applications such as Jupiter, Raydium, Phantom, and Meteora also showed strong activity and transaction volumes. Revenue from applications often reflects user engagement, not only speculation.
Another area seeing meaningful progress is the tokenization of real-world assets (RWA). Over the last 30 days, the amount transferred in the form of RWA was about $8.57 billion, highlighting growing activity around tokenized financial instruments and blockchain asset transactions.
As RWA activity continues to expand, it suggests Solana is becoming an increasingly important infrastructure layer for blockchain-based finance beyond just cryptocurrency exchange activity. Growth in RWA also indicates that more institutional attention is being directed toward blockchain technology.
Despite positive fundamentals on-chain, the price of SOL is starting to show signs of recovery. After starting weak at the beginning of the session, the token rebounded from lower levels, reflected in a pattern of higher lows—one of the earliest indications of increasing buyer pressure.
According to the latest technical configuration, support appears at $77.00 to $77.20 after several successful attempts by buyers to defend this level. Keeping this support intact is expected to help maintain the positive recovery trend.
The next resistance stands at $78.18 to $78.32, where previous gains failed to continue due to a lack of strength and momentum. A move above this level is expected to improve the technical outlook further and draw in more buyers.
This article was originally published as Solana Ecosystem Metrics Improve Amid Network Activity To Facilitate Recovery Formation on Crypto Breaking News – your trusted source for crypto news, Bitcoin news, and blockchain updates.
Bitcoin’s relatively minor volatility sessions continued in the past 24 hours as the asset dipped below $62,000 again before it rebounded by over a grand, only to be halted again.
Most larger-cap alts have remained sluggish on a daily scale, with ETH fighting for $1,750, while XRP is battling the $1.10 level.
Following the painful start of the month when BTC slipped below $58,000 for the first time in almost two years, the cryptocurrency tried to stage a notable recovery that drove it to over $60,000 instantly and to $63,000 during the weekend.
The bulls kept pressing the gas pedal, and bitcoin jumped to $64,000 at the start of the business week. However, Strategy’s bigger sale led to an immediate leg down to $61,200, where BTC found some support and rebounded sharply. In the following hours, it flew to $64,600.
That was another short-term rally, though, and it found itself slipping once again on Wednesday. This time, it dropped to $61,600, as mentioned above. It has recovered well over a grand since then, and even though it was stopped at $63,200, it remains close to $63,000 now and slightly in the green on a daily scale.
Its market capitalization has climbed to $1.260 trillion on CG, while its dominance over the altcoins remains stuck at 56.5%.
Most larger-cap alts have displayed little to no volatility on a 24-hour scale. ETH remains close to $1,750, BNB is just above $570, while XRP fights for the $1.10 support. SOL, HYPE, RAN, ZEC, and XLM are in the red, while CC, TRX, and DOGE have marked minor gains.
ARB and SKY have added the most value daily. Both assets are up by around 9% to $0.085 and $0.058, respectively. In contrast, MemeCore has plunged by 19% to $1.21. BEAT and JUP follow suit, with losses of around 5-6%.
The cumulative market capitalization of all crypto assets has returned to $2.240 trillion on CG.
The post MemeCore (M) Plunges Hard Again, Bitcoin (BTC) Eyes $63K: Market Watch appeared first on CryptoPotato.
Donald Trump confirmed on social media that he would not sign the 21st Century ROAD to Housing Act, which includes a ban on a US CBDC until the end of 2030, setting the stage for the bill to become law on Saturday.
State representative Keith Ammon said the New Hampshire executive council's vote against Bitcoin-backed bonds was “short-sighted,” urging the body to reconsider the measure.
The launch comes as tokenized stocks become one of the fastest-growing corners of crypto, with exchanges and traditional finance firms racing to expand 24/7 trading.
Stablecoins are carving out specialized roles as regulation reshapes the market, while Strategy’s Bitcoin sale and Vanguard’s tokenization push highlight crypto’s evolving financial landscape.
Bitcoin price gains came thanks to US whales propeling the Coinbase Premium above a key trend line, new analysis from CryptoQuant reported.
The Fed named a16z co-founder Marc Andreessen to co-lead an AI productivity and jobs task force under Chair Kevin Warsh’s policy review.
Crypto in India can’t seem to catch a break. Recent developments have led to fresh uncertainty as the Reserve Bank of India (RBI) backed a policy banning cryptocurrencies, while the Income Tax Department flagged compliance concerns.
Despite India’s ambiguous stance on cryptocurrencies, it remains one of the leading markets in grassroots adoption of crypto. The country has around 39 million users, holding just over $2 billion in assets.
India’s crypto policy could remain muddled for the foreseeable future after the RBI reiterated its support for a policy leaning toward banning cryptocurrencies. According to officials and documents accessed by Reuters, the central bank wants banks and other financial institutions barred from exposure to crypto and private stablecoins to limit risk to lenders and the broader financial system.
Cryptocurrencies have operated in a grey area since 2018, when an Indian court struck down policies that effectively banned crypto in the country. While Indian banks are allowed to engage with cryptocurrencies, the RBI has issued repeated statements warning lenders to stay away.
The RBI’s opposition extended to stablecoins as well, arguing that stablecoins backed by foreign fiat currencies are a risk to India’s sovereignty. It also argued against rupee-backed stablecoins, stating that such tokens could reduce government income and impact financial stability during difficult economic circumstances. The RBI also argued that stablecoins could make it difficult to tax cryptocurrency gains because holders won’t need to convert their holdings into fiat currency.
India’s Income Tax Department has also raised concerns about the misreporting of crypto holdings in tax return disclosures. The department found that less than a quarter of the 645,000 individuals reported their cryptocurrency transactions on their tax returns during the financial year ending March 2023. Additionally, transactions completed using private wallets and overseas exchanges are significantly harder to trace and recover taxes. The department also stated that rupee-denominated peer-to-peer trades made it difficult to track taxable income.
India’s crypto policy has been muddled for several years. The RBI had initially prevented banks from providing services to crypto businesses and exchanges operating in India, effectively banning the industry. However, a court struck down these provisions in 2018. Despite the court ruling allowing cryptocurrencies to operate, the government has been reluctant to introduce key regulatory oversight. As a result, cryptocurrencies have been operating in a grey area.
In 2021, the government prepared a draft bill to ban private cryptocurrencies. However, the bill was not introduced in parliament. A discussion paper around cryptocurrencies has also seen several delays. Publicly, the government has said that crypto policies must strike a balance between encouraging innovation, managing risk, ensuring financial stability, preserving monetary sovereignty, and safeguarding consumers.
India’s Finance Ministry held internal discussions with the RBI in September, supporting limited clarity for virtual digital assets (VDAs) and arguing that existing tax rules could mitigate risks associated with cryptocurrencies. However, the latest documents reveal the government remains concerned about the risks posed by cryptocurrency trading without proper regulatory safeguards.
While the RBI remains steadfast in its opposition to crypto and advocates a strict policy, several government bodies, including the ICAI, have favored clear regulatory guidelines to establish a legal framework for cryptocurrencies. Additionally, the government taxes crypto transactions heavily, with each transaction subject to a 30% flat tax on capital gains and 1% Tax Deducted at Source (TDS).
Despite the uncertainty, India remains one of the largest cryptocurrency markets in the world. The government must hold comprehensive consultations with all stakeholders and create a clear regulatory framework to govern digital assets.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
This article was originally published as Fresh Uncertainty For Crypto in India As RBI Pushes For Ban, Tax Department Flags Risks on Crypto Breaking News – your trusted source for crypto news, Bitcoin news, and blockchain updates.
The US Securities and Exchange Commission (SEC) has launched its 2026 Regulatory Agenda.
Meant to ease compliance rules for crypto companies and offer regulatory safeguards for transactions on the blockchain, the agenda includes 38 proposed rules, with key initiatives focusing on tokenization standards, modernization of custody for on-chain assets, and reduction of compliance costs for public companies.
The regulator is considering a change to its rules that would expand the definition of “qualified custodian” to give firms managing tokenized assets a clearer set of rules. It also includes a safe-harbor framework for early-stage crypto projects that would give developers a defined period to build and test tokenized products under lighter compliance obligations.
The SEC is reviewing broker-dealer financial responsibility and record-keeping requirements for digital assets, and making changes that will impact how they protect their clients’ crypto, to replace traditional securities standards with ones better suited for crypto.
The agency also proposes Crypto Market Structure Amendments to revise the rules governing the trading of cryptocurrencies on alternative trading systems.
The agenda also suggests lowering costs for companies looking to go public by updating disclosure forms and modifying the eligibility for simplified registration, which the SEC thinks could spur more domestic IPOs.
SEC Chairman Paul Atkins said the regulator has made a lot of progress more than a year into his tenure, noting that it aims to support President Trump’s goal of making America the crypto capital of the world.
“We are embracing innovation to bring more products onshore, creating clear rules of the road for capital raising with crypto assets, and providing clarity as to how market participants can custody and facilitate trading of tokenized securities on-chain,” he wrote.
Atkins also stressed that investor protection measures will still be functional as the agency continues to pursue securities law violations, but said the main goal is to give businesses confidence to innovate in the U.S. market.
The proposals are yet to be approved and will now go through the public comment phase this month, with final rules expected to be considered later this year.
Meanwhile, the CLARITY Act missed the July 4 signing target after passing the House in 2025 and clearing the Senate in May, and the bill is now waiting for a full Senate floor vote, with lawmakers having a limited amount of time before the August recess to finish work on the crypto market structure bill.
The post SEC’s 2026 Agenda Has 38 Items, But Crypto and IPOs Are the Headliners appeared first on CryptoPotato.
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