At first glance, Solana’s overall network activity might suggest that the memecoin scene is more of a reshuffling than an expansion. However, supporting metrics hint that Solana may be on the rise again, driven by a potential expansion in memecoin activity.
So far, $9.6 million worth of the funds have been bridged over to the Ethereum blockchain, which has become a natural path for hackers who then launder funds through token mixing protocol Tornado Cash. It’s almost like they have a VIP pass to the crypto underworld. 🕶️
In a plot twist worthy of a thriller, this little currency has appreciated by a whopping 4.87% in just a month and a mind-boggling 9.06% over the last year. Analysts are brushing off their crystal balls and pointing to a drop in Israel’s risk premium, thanks to the ongoing geopolitical soap opera with Iran. 💥 Meanwhile, the local stock market has been working out, clearly hitting the gym and gaining some impressive muscle. With the shekel bouncing back by 3% since the drama began with Iran, who knows? We might just see it strutting down to around 3.0 ILS per USD in no time! Don’t forget your popcorn! 🍿
On July 9, those clever folks at Santiment reported that the network had witnessed its highest-ever “age consumed” spike, with the metric hitting a whopping 72.95 billion. That’s like the number of times I’ve told my wife I love her… this week. 😜
Tether, the world’s reigning monarch in the stablecoin palace, has been stockpiling gold like a Bond villain (without the white cat—yet). Nearly 80 tons—an $8 billion heap—nestle in a “top-secret” Swiss vault. For some, this signals asset bravado. For others, it’s a case of “Would the real audit please stand up?”
According to a July 9 disclosure, Remixpoint has secured 31.5 billion yen, worth approximately $215 million, through its latest round of financing. Every yen of the funds will go toward buying more Bitcoin (BTC) purchases, boosting the accumulation streak it commenced back in 2024. 🤑
In the bustling month of July 2025, the infamous Dogecoin, which one might think is a mere joke in this circus of currencies, is propped up once again by mere mortals and their wallets. Having climbed precariously above the $0.17 threshold, it hints at a 24% recovery from those dark days languishing beneath $0.145. Currently perched at approximately $0.1721, eyes across the globe are glued, wondering if it’ll take that audacious leap toward the $0.25 land—a place elves sing of in crypto fairy tales.
This deluge of supply arrives at a time of cautious market sentiment and reactive liquidity flows, transforming each unlock into a potential catalyst. From the Solana-based meme coin, TRUMP, to Layer-2 leaders like Arbitrum (ARB) and modular chains like SUI, the unlock wave presents a mélange of risk and short-term trading opportunities. 🎡
As the industry’s top figures, including Ripple CEO Brad Garlinghouse, prepare to testify, the market has seen a slight rebound. But let us not forget the real stars of the show: the US-listed crypto stocks! Here are three to watch closely today:
BNY Mellon, a grand institution old enough to remember wigs and duels (and holding a paltry $53 trillion in custody—quite the piggy bank!), will swaddle these stablecoin assets and keep the show going with transaction banking worthy of the Comédie-Française. Minting? Redemption? All performed between sips of afternoon tea. 🍵
