Cryptopolitan

Solana's memecoin frenzy is back. But that's not the real story. Memecoins now account for 29% of Solana's DEX volume, up from 10–15% just weeks ago, as the ANSEM token surged 18,000% to a $449M market cap. But beneath the hype, something bigger is happening. • $15B in stablecoins now sit on Solana • $4.8B comes from issuers beyond USDC and USDT • 2,582 tokenized real-world assets now live on-chain, the most of any blockchain The meme cycle may be back. But Solana's long-term growth is increasingly being driven by stablecoins, RWAs, and institutional settlement.

JUST IN: JPMorgan warns that prolonged delays in passing the CLARITY Act pose a growing threat to crypto markets.

JUST IN: Hyperscale Data has sold about 100 BTC and opened a Bitcoin-backed credit facility to fund its AI data center, while projecting over $1.2 billion in cumulative revenue if contracts are extended.

JUST IN: Kevin Hassett says he sees no AI bubble, adding that softer inflation has made Fed Chair Kevin Warsh's job "a bit easier" and that he remains bullish on the direction of Fed policy.

JUST IN: 🇯🇵 Japan's largest Ethereum treasury company, Quantum Solutions has sold another 1,000 ETH to fund AI data center expansion, while raising its authorized ETH sale limit to 4,375 ETH.

US inflation just cooled again. The Fed's preferred inflation gauge came in exactly as expected, while the labor market remained resilient. Key numbers: 🇺🇸 Initial Jobless Claims: 197,000 (vs. 200,000 expected) ✅ 📉 Headline PCE (MoM): -0.1% (as expected) 📊 Headline PCE (YoY): 3.7% (as expected) 📉 Core PCE (MoM): +0.1% (vs. +0.2% expected) ✅ 📊 Core PCE (YoY): 3.3% (as expected) 📈 Q2 2026 GDP: +1.5% (below expectations) Cooling inflation, lower-than-expected jobless claims, and softer economic growth strengthen the case for Fed rate cuts later this year.

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Solana's memecoin frenzy is back. But that's not the real story. Memecoins now account for 29% of Solana's DEX volume, up from 10–15% just weeks ago, as the ANSEM token surged 18,000% to a $449M market cap. But beneath the hype, something bigger is happening. • $15B in stablecoins now sit on Solana • $4.8B comes from issuers beyond USDC and USDT • 2,582 tokenized real-world assets now live on-chain, the most of any blockchain The meme cycle may be back. But Solana's long-term growth is increasingly being driven by stablecoins, RWAs, and institutional settlement.

INSIGHT: Tokenized stock holders hit a record 766,336, nearly doubling in 30 days. Robinhood Chain went live on mainnet July 1, and Robinhood tokens now occupy 15 of the top 25 assets by holder count, roughly a third of the entire base.

JUST IN: A missile has landed in Poland, with Prime Minister Donald Tusk saying there is no immediate danger after it struck an uninhabited area. Authorities believe it was likely Russian, but have not yet confirmed its type.

BREAKING: 🇺🇸 U.S. 30-year Treasury yields have surged to a 19-year high of 5.24% after the Fed held interest rates steady, as markets brace for higher-for-longer borrowing costs.

JUST IN: 🇺🇸 President Trump says recent U.S. Supreme Court rulings on birthright citizenship and tariffs have cost the country "trillions and trillions of dollars."

JUST IN: 🇺🇸 Senator Tommy Tuberville has backed the CLARITY Act, calling President Trump the "Crypto President."

JUST IN: 🇺🇸 The SEC says it will issue its own crypto rules if Congress fails to pass the CLARITY Act.

BREAKING: 🇺🇸 The Federal Reserve has left interest rates unchanged at 3.50%–3.75%.

JUST IN: Disney is reportedly replacing GitHub Copilot and several AI coding tools with OpenAI's Codex, while continuing to use Anthropic's Claude Enterprise and Cursor.

JUST IN: Japan-listed eole has become the first public company in Japan to buy HYPE, marking the start of a planned $610,500 investment under its "Neo Crypto Bank" strategy.

JUST IN: 🇲🇲Myanmar has approved a new law allowing life imprisonment for cryptocurrency scams.

JUST IN: Tether's GENIUS Act-compliant stablecoin USAT has expanded beyond Ethereum for the first time, launching on Celo with native gas fee support.

📬 Mid-Week News Roundup • Bitcoin reclaimed $64K ahead of the Fed. • Fed decision dominates crypto markets. • Bitcoin ETFs ended a 10-day outflow streak. • BlackRock backs the CLARITY Act. • CLARITY Act faces another Senate delay. • Coinbase expands its Canada push. • Russia unveils new crypto custody rules. • AI remains crypto's biggest narrative. • Coinbase Premium stays deeply negative. • Traders await Fed guidance for the next move. • Macro uncertainty continues to cap upside. • Risk appetite improves ahead of the FOMC.

JUST IN: $59 trillion BNY is launching a blockchain-based transfer agency to record fund ownership and transactions on-chain.