Solana's SOL recovered 14% from Thursday's $64 low to $72 on Friday, driven by tokenized stock trading optimism and futures positioning that turned positive for the first time in weeks. The move looks constructive on the surface. But TVL is down 11% in a month, weekly DEX volumes have collapsed from $30 billion to $10 billion since February, and 30% of the network's DApp revenue comes from a single memecoin launch platform. The rally may be real. The structural recovery behind it has not yet been confirmed by the data. Why Did SOL Jump 14% in 24 Hours Two catalysts drove Friday's move. Tokenized stocks on Solana traded over $113 million in 24 hours according to Jupiter Aggregator — a figure reflecting genuine demand for on-chain equity exposure following the SpaceX IPO's pre-trading momentum on crypto-native platforms and the broader AI sector growth narrative. Demand for bullish leverage on SOL futures simultaneously pushed the annualized funding rate to its highest level in June at approximately 10% — reversing the negative funding that had marked Thursday's $64 low and confirming that leveraged traders repositioned aggressively on the bounce. Airdrop anticipation added to the optimism. OnRe reinsurance holds $200 million in TVL on Solana. Bulk perpetual DEX has $325 million in aggregate open interest. Loopscale lending sits at $79 million in TVL. The timing of those token launches remains uncertain, but the pipeline represents a meaningful source of potential near-term demand that traders are positioning around. Why Solana's TVL Is Falling Despite the Tokenized Stock Rally The structural picture beneath Friday's bounce tells a more cautious story. Solana's total value locked dropped 11% over the past month while Ethereum layer-2 Base narrowed the gap. Protocol-level declines include a 19% TVL reduction in Kamino, a 20% drop in Binance Staked SOL, and a 17% decline in Raydium. The tokenization platform xStocks posted 31% TVL growth — the one constructive data point in an otherwise declining picture. Weekly DEX volumes have collapsed from approximately $30 billion in early February to approximately $10 billion — a two-thirds reduction that reflects both the broader crypto bear market and a specific decline in the on-chain activity that defined Solana's 2025 growth narrative. DApp revenues have followed the same downward trend. The tokenized stock volumes are not yet translating into the kind of sustained network processing demand that would justify a structural re-rating of SOL.   Why Solana's Revenue Concentration in Pump.fun Is a Structural Risk The most important structural vulnerability in Friday's optimism is Solana's dependence on Pump.fun — the memecoin launch platform that accounted for 30% of DApp revenue on the network in Q1. Pump.fun's revenue is cyclical by design: it depends on memecoin activity that has been in a documented slowdown. A CoinGecko report found 80% of the 18.7 million tokens launched on the platform did so in under 48 hours. Dune data showed 55% of addresses involved lost up to $1,000. A network generating 30% of its application revenue from a memecoin launch platform with sub-48-hour token lifespans carries a fragility that $113 million in 24-hour tokenized stock volumes cannot yet offset — particularly when those volumes depend on thin automated market-maker liquidity and nascent holder bases that have yet to demonstrate durability. Can SOL Reclaim $80? What the Competition Says About the Ceiling Reclaiming $80 — last seen on June 1 — requires more than a one-day tokenized stock volume figure. Hyperliquid has established itself as the dominant venue for perpetual futures tied to traditional assets, with SpaceX perp open interest of $812 million making it the sixth-largest perp market globally. Centralized exchanges and competing blockchains are simultaneously launching tokenized stock products, meaning Solana's first-mover advantage in on-chain equity exposure is not durable without a sustained liquidity advantage that current pool sizes do not demonstrate. The path to $80 requires a reversal in TVL and DEX volume trends that have been deteriorating for months, a reduction in Pump.fun revenue concentration, and a liquidity depth in tokenized stock pools sufficient to compete with Hyperliquid's infrastructure advantages. Friday's funding rate turning positive and the tokenized stock narrative gaining traction are necessary preconditions. They are not yet sufficient ones.

ARK Invest founder Cathie Wood said on X that capital outflows from relatively unstable countries worldwide could provide new upward momentum for Bitcoin and other digital assets. According to Odaily, Wood said artificial intelligence is leading a technological revolution and is drawing significant attention and liquidity in investing, but she argued that AI cannot replace the role digital assets play in the current global environment, particularly as a tool for wealth “insurance.” Wood added that as macroeconomic uncertainty rises, investors’ demand for asset preservation and cross-border allocation tools is increasing, and digital assets are gradually becoming an important way to meet that demand.

The Shanghai-headquartered BRICS New Development Bank said it has issued bonds in Macau for the first time, with an issuance size of $50 million, according to Ming Pao. The bonds are three-year floating-rate notes priced at the Secured Overnight Financing Rate (SOFR) plus 30 basis points. The notes were issued as Lotus bonds and are held in custody by Macau Central Securities Depository and Clearing Ltd. (MCSD).

Following the devastating earthquakes that struck northern Venezuela on June 25, 2026, Binance Charity is donating $3 million in 20 USDT token vouchers to affected users and waiving all P2P transaction fees and Binance Pay merchant fees in Venezuela for seven days through July 2, 2026. Who is eligible Users in the hardest-hit regions — La Guaira, Distrito Capital, Miranda, Aragua, Carabobo, Falcón, and Yaracuy — who completed Proof of Address and eKYC verification before June 26, 2026 will each receive 20 USDT in token vouchers, redeemable through the Rewards Hub. Existing users who have not yet completed Proof of Address can still qualify. Those who complete POA between June 26 and July 10, 2026 at 23:59 UTC-3 will also receive 20 USDT, subject to the total donation allocation. Funds will be distributed within a maximum of 30 days from the date of POA completion. Fee waivers All P2P transaction fees and Binance Pay merchant transaction fees in Venezuela are waived for seven days, ending July 2, 2026 at 23:59 UTC-3. The P2P fee waiver applies to all VES-denominated transactions. Users in affected areas are encouraged to check their Rewards Hub and complete Proof of Address verification as soon as possible to secure their allocation before the July 10 deadline.                              

Cathie Wood said multiomics could become one of the most far-reaching applications of artificial intelligence in healthcare, citing research from ARK Invest. According to Odaily, she said combining multiomics technologies with AI could enable early disease diagnosis before any physical symptoms appear and reduce the cost and time required for new drug research and development, accelerating the development and delivery of new therapies. Wood also said this trend could shift healthcare from traditional “sickcare” toward health management, moving from passive treatment to proactive prevention.

Smarter Web Company CEO Andrew Webley said the second quarter was the company’s most significant since becoming a publicly listed firm and outlined a strategic shift beyond operating solely as a Bitcoin treasury company. According to Foresight News, Webley said the company is moving toward becoming an “Amplified Bitcoin” company, focused on increasing Bitcoin per share over the long term through the responsible use of its balance sheet and capital markets tools, rather than only holding Bitcoin. Webley said the company has recently taken several steps, including continuing to increase its Bitcoin holdings, introducing moderate leverage, simplifying its capital structure, appointing a new CFO, and strengthening treasury analysis and disclosures. He added that the company is also developing its operating business alongside these treasury initiatives. Webley said the “amplified” approach could lead to greater volatility, but that the company’s long-term objectives remain unchanged.

人工智能,技术,数据飞轮还是重复样本？Physical AI 该告别「小时数崇拜」了 金色财经,机器人公司还在拼小时数，但真正缺的是新样本。

早在 2016 年，SBI 就和 Ripple 达成了合作。

隔夜美股，全球半导体板块遭遇猛烈抛售。费城半导体指数大幅走低，美光科技和闪迪盘中跌幅均超6%，西部数据跌逾7%。

据媒体报道，美国政府周五宣布解除对该公司Claude Mythos 5模型的出口限制，允许超过100家获政府批准的企业和联邦机构访问该模型。

这套机制究竟是“稳定器”还是“加速器”，答案就藏在接下来的价格与利率里。

人工智能行业持续高歌猛进，丝毫没有降温的迹象。然而，“区块链 AI”领域的情况却截然不同。为什么它未能吸引到相当的关注？

OpenAI财务困境或推迟IPO，引发市场重估AI冲击预期。

李飞飞驳斥“智能成本趋近于零”说法：人类智能融合感知、空间、身体及情感等多维能力，远非大模型可复制。

金色财经推出《金色Web3.0日报》，为您提供最新、最快的AI、DeFi、DAO、NFT和元宇宙行业新闻。

美光Q3业绩创纪录，营收414.56亿美元，毛利率84.9%，净利润282.4亿美元，超越英伟达与Meta。