A report by crypto research firm Decentralised.co (DCo) indicates that the core driving force of Web3 is moving from asset speculation to practical applications centered on stablecoins and asset tokenization. Last year, global on-chain stablecoin transaction volume reached $33 trillion, with particularly strong demand for digital dollars in emerging markets like Latin America. Improved infrastructure has lowered the barrier for building on-chain neobanks, while Kraken and other major players are actively integrating tokenized assets to enable global trading of traditional financial instruments such as U.S. stocks. Meanwhile, the growing share of AI agents in network traffic is positioning stablecoins as the underlying payment network for instant settlement, creating new demand for agent-specific payment and risk assessment services.

Phantom wallet has hired three core members of the Ventuals team—Alvin Hsia, Emily Hsia, and Aris Samad—to its trading and data division. Ventuals was a Hyperliquid-based decentralized perpetual contract platform that processed over $650 million in volume before shutting down in mid-June. Phantom's CEO Brandon Millman stated that the move aims to speed up product expansion in native derivatives trading and infrastructure, leveraging the team's deep experience in open markets. Phantom has become Hyperliquid's largest distribution partner over the past year.

爱沙尼亚加密货币交易所Coinmetro宣布向当地法院提交重组申请，并于6月22日起全面暂停注册、存款和提款服务。CEO Kevin Murcko指出，资金缺口源于多年前某金融服务提供商的故障，但随着7月1日欧盟MiCA合规最后期限临近，这一历史遗留问题对资产负债表造成致命打击。此外，Coinmetro还面临逾期年报、拖欠税款以及Prime Trust追讨120万美元的诉讼，凸显监管收紧下小型交易所的生存困境。

Circle Internet Group (CRCL) shares dropped 17.55% to $62.63 on Tuesday, hitting near-historic lows, amid two negative catalysts: the launch of a rival stablecoin project Open Standard backed by over 140 major institutions including Visa, Mastercard, BlackRock and Coinbase, and the removal of CRCL from multiple Russell growth indices effective June 26, triggering passive fund selling. The Open Standard's Open USD stablecoin is slated for a 2026 launch on Base, Solana, Stellar, Polygon and Ripple networks.

Amid the resurgence of meme coins and record highs in on-chain stock trading, a debate emerges around Solana's strategic focus. Some argue that Solana should double down on its proven strengths—high throughput, low fees, and a vibrant ecosystem—rather than chasing missing features. This perspective gains traction as Solana's unique position in the competitive blockchain landscape is highlighted.

According to Foresight, amid the resurgence of meme coins and new highs in on-chain stocks, a view suggests that Solana should concentrate on what it already does well rather than fixating on its deficiencies. This perspective underscores the importance of deepening existing advantages as Solana's ecosystem expands into DeFi and real-world assets.

According to Bloomberg, President Trump's latest annual financial disclosure reveals he earned at least $1.4 billion from cryptocurrency and meme coin businesses in 2025. World Liberty Financial contributed $594 million in sales, Meme coin licensing through CIC Digital LLC brought $636 million in royalties (plus a crypto wallet holding $60 million), and Stablecoin Holdco equity sale added nearly $197 million. The 927-page filing also lists $77 million from Mar-a-Lago and stock trades in Nvidia, Microsoft, and Netflix. Critics highlight that Trump failed to place assets in a blind trust, raising conflict of interest concerns as his family-run business empire intersects with presidential policy domains.

According to Onchain Lens, mining company Riot Platforms deposited 500 BTC (valued at $29.48 million) into a NYDIG custody address, interpreted as a likely prelude to selling. The large transfer could exert short-term downward pressure on Bitcoin's price.