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We knew it was gonna be a big week, but we weren’t ready for that. $BTC just ripped so hard that even Michael Saylor is back in the green, and the rising tide that lifts all boats just washed crypto bears out to Sidelinooor Island.
The animal spirits in Washington D.C. are pushing hard to get pro-crypto regulation on paper as soon as possible, while Trump and the gang are considering buying “sizable” amounts of $BTC and other coins.
Meanwhile, Solana slot times dropped to 350ms, somehow making crypto’s fastest network even faster, $PUMP’s face-melting rally has put buybacks back in Vogue, and tokenized stock supplies have hit a new all-time high, again.
Here’s everything you need to know 👇
After months and months of languishing prices, pivots-to-AI, and calls that “DeFi is Dead”, crypto has just reminded the world why this is the greatest market on earth. $BTC is up 22% on the week, triggering over $4.3B in short liquidations in the past 3 days. Wednesday’s god candle wiped out over $2.73B in shorts, going down as the biggest bear hunt in crypto history.
Bitcoin ETFs have amassed over $1.6B in net inflows, marking their strongest week since October last year. CMC’s Fear and Greed Index is a stone’s throw away from Extreme Greed, and the crypto community appears to be in near-unanimous agreement: The bottom is in and the bull is back.
Crypto’s most performant chain just got even faster. In the wee hours of Friday morning, Solana entered epoch 1020, activating the first of four reductions and bringing slot times down to 350ms.
Alongside Solana’s recent block limit increase, which raised the capacity of each block to 100M compute units, the slot time reduction is pushing Solana’s scalability to unprecedented levels. Helius CEO Mert Mumtaz claims the combination marks a 4x improvement to network performance, and we’ve still got Alpenglow coming later this year to drop transaction finality to 150ms.
Crypto’s most performant chain just keeps getting better - and $SOL prices are finally starting to catch up to the fundamentals.
Aside from Trump stepping up to the podium to say “Hyperliquid” and declare that the government was planning to max-bid $BTC, there’s plenty of pro-crypto motion flowing through DC. Faced with languishing confidence in the immediate future of the CLARITY Act, the SEC is pushing through its own regulatory framework.
The SEC’s “Regulation Crypto Assets” streamlines capital formation in the United States. Crypto companies will have clearer regulatory pathways under federal securities laws, raising up to $5M over a four-year period, and permit offerings of up to $75M over a 12-month time frame.
$PUMP by name, pump by nature. One of Solana’s most polarizing ecosystem coins has obliterated its detractors, roaring over 170% in 60D and reclaiming its ICO price at a $4B FDV.
With raw memetic euphoria breathing new life into the onchain economy, pump.fun’s revenues (and buybacks) are ripping to their highest levels since January. After having spent over $430M buying $PUMP off the open market, pump is technically in the green on its buyback spend.
Yes, these tokens have been burnt and removed from supply forever, but $PUMP’s success has reignited one of crypto’s favorite debates: Do buybacks work?
Seeker is deepening its ties with Solana DeFi, joining forces with Kamino to launch a new yield product available directly from within the Seed Vault Wallet. Seeker’s $USDC Earn Vault helps users put their spare cash to work, with no minimum deposits, lockups, or withdrawal fees.
Meanwhile, Seeker Summer keeps cruising along, showcasing some of ecosystem’s most creative apps and distributing over $89M worth of $SKR among users. Solana Mobile has also announced some slight changes to the way it measures activity scoring across the ecosystem, elevating organic usage that aligns more closely with the Seeker’s long-term vision.
Another week, another new all-time high in Solana’s tokenized equity supply. Solana’s RWA sector has reached breakout velocity, and the popularity of 24/7 trading has even got the NASDAQ rethinking its opening hours.
It comes as no surprise that Backpack and Sunrise are leading the charge here, cementing themselves as the preferred issuers among Solana’s traders. Despite only representing around ~4% of the Solana’s tokenized equity supply, Backpack Securities’ capture over half of the sector’s weekly trading volume.
Honorable Mentions
Korea’s $100B Shinhan Asset Management signs an MOU with Foundation, Orca, and Etherfuse
Solana recorded 216M non-vote transactions on August 19th, a new all-time high
GMTrade issues public offer to acquire Flash Trade
Ramp enables x402 payments on Solana
Ansem launches z500, an index for onchain coins
Securitize and Neuberger launch a tokenized fixed income fund ($HINC) on Solana
Epicentral, a Solana-based options market, is now live in open beta
Jupiter unveils Portfolio v2, enabling active management across Solana DeFi
New to Solana? Check out Solana Learn, a series of guides and videos to supercharge your crypto journey.
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