On-Chain Momentum on Solana Persists: The End of "Celebrity Token" PVP, Ansem's Picks Begin to Shine

marsbitPublished on 2026-07-03Last updated on 2026-07-03

Abstract

The Solana on-chain market momentum continues as the "celebrity coin" phase of speculative trading gives way to a new trend led by Ansem's picks. The token $ANSEM, endorsed by Ansem, surged to a new all-time high recently, approaching a market capitalization of $180 million, indicating sustained interest and activity within the ecosystem.

The Solana momentum sparked by Ansem is not over yet. $ANSEM hit a new all-time high yesterday, approaching a market cap of $180 million at one point.

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The First SEC-Compliant Tokenized Stock Launches in the US: Ondo Brings S&P 500 ETF and Micron On-Chain

On July 2nd, Ondo Finance announced the tokenization of BlackRock's S&P 500 ETF (IVV) and Micron Technology stock on Ethereum. This marks the first practical implementation in the US of the SEC's proposed "third-party custody model" from January. The underlying securities remain within the traditional custodial system, with token holders able to exercise voting rights via Broadridge. Ondo aims to prove that mainstream assets can be compliantly brought on-chain. Unlike synthetic models (like Robinhood's OpenAI-linked tokens), this custody-backed model grants token holders equivalent shareholder rights and protections. While a significant regulatory milestone involving traditional finance infrastructure like Broadridge, the products are currently unavailable to US investors. Furthermore, the SEC's supportive stance is only a staff statement, not a formal rule, leaving some regulatory uncertainty. The direct impact on Ondo's token price was limited, with broader significance contingent on future US investor access and expansion to more assets.

marsbit37m ago

The First SEC-Compliant Tokenized Stock Launches in the US: Ondo Brings S&P 500 ETF and Micron On-Chain

marsbit37m ago

Is a CeFi-to-DeFi rotation signaling crypto’s Q3 bottom? The data says…

FUD hit the crypto market in Q2, with over $600 million lost to exploits and a $20 billion TVL decline, the sharpest quarterly drop since 2021. This triggered widespread capital outflows from DeFi, exemplified by Aave's significant TVL decrease. However, early Q3 data suggests a potential reversal. Stablecoin inflows are rising across networks like Solana and Cardano, signaling returning risk appetite. Concurrently, CeFi lending saw its first quarterly decline since 2024. A key indicator is Aave's recent surge in new wallet addresses, its strongest since 2021. While more data is needed, these trends—rising on-chain liquidity, recovering TVL, and contracting CeFi activity—point to a possible CeFi-to-DeFi capital rotation, which could signal the market is bottoming ahead of a Q3 recovery.

ambcrypto46m ago

Is a CeFi-to-DeFi rotation signaling crypto’s Q3 bottom? The data says…

ambcrypto46m ago

Building USDC by Its Own Hands, Why Does Coinbase Turn to Support Competitor OUSD?

Coinbase, a key distributor of the dominant stablecoin USDC, has joined over 140 major companies—including Visa, Mastercard, and BlackRock—as a founding member of the Open USD (OUSD) alliance, a move that directly challenges the current stablecoin economic model. The new project aims to upend the established profit structure by offering zero minting and redemption fees and allocating the majority of reserve interest earnings to distribution partners, rather than the issuer. This shift highlights a growing power struggle in the $320+ billion stablecoin market, where platforms with massive user bases are demanding a larger share of the revenue generated from the underlying reserves. Circle, the issuer of USDC, saw its stock plummet 16% on the day of the OUSD announcement, reflecting investor concern over the potential strain on its crucial partnership with Coinbase. While Coinbase earned over $900 million from its USDC partnership in 2024, its support for a competing model gives it significant leverage as its revenue-sharing agreement with Circle nears expiration in August 2026. Circle CEO Jeremy Allaire defended the USDC model, emphasizing its decade-long development, deep liquidity, and extensive ecosystem integration, which he argues cannot be easily replicated by a large, potentially slow-moving consortium. He also questioned the sustainability of a zero-fee model and warned that diverting all reserve interest would leave issuers without funds for critical compliance and operational infrastructure. Analysts remain skeptical of OUSD's prospects, citing the "cold start" problem of building liquidity, potential governance challenges within a large alliance, and heightened regulatory scrutiny. The emergence of OUSD signals a broader industry bifurcation, where stablecoins are increasingly viewed as backend settlement tools. The core competition is shifting from technology to a direct negotiation over how profits from the network are distributed between issuers and the powerful distribution channels.

Foresight News49m ago

Building USDC by Its Own Hands, Why Does Coinbase Turn to Support Competitor OUSD?

Foresight News49m ago

If MicroStrategy Really Sold 491 Bitcoins, How Big Would the Impact on the Market Be?

A prominent trader, Lightcrypto, claims that MicroStrategy, the largest corporate holder of Bitcoin, may have sold 491 BTC. At around $60,000 per BTC, this sale amounts to less than $30 million, a negligible 0.058% of its ~847,000 BTC holdings. The event's significance is not in its size but in its potential context. The company recently authorized a framework to sell up to $1.25 billion in BTC to bolster dollar reserves, pay dividends, service debt, and repurchase shares. This move stems from pressures related to its Series A Preferred Stock (STRC), which is trading below its $100 target and now carries a 12% dividend yield—a significant cost for MicroStrategy. For MSTR stock, the framework was initially seen as positive, providing clarity and extending the company's financial runway. However, it marks a shift from MicroStrategy's long-standing narrative as a perpetual Bitcoin accumulator to a company that may now also be a seller to manage liabilities. For the Bitcoin market, 491 BTC itself has no material impact on supply/demand. The psychological impact is greater, as it challenges the perception of MicroStrategy as an unconditional, final buyer. The key future question is whether market participants will view any future sales as isolated events or as part of a new trend linking Bitcoin "belief" more directly to corporate cash flow needs.

marsbit1h ago

If MicroStrategy Really Sold 491 Bitcoins, How Big Would the Impact on the Market Be?

marsbit1h ago

ZCash reclaims $400, but here’s why the recovery could be short-lived

ZCash (ZEC) has seen a 5.28% price increase, reclaiming the $400 level amid a broader, albeit cautious, crypto market recovery at the start of July. However, analysis suggests this rebound may be short-lived. Despite a whale opening an $8.1 million long position, the lack of significant growth in Open Interest indicates weak speculative interest. The price structure remains bearish, with key resistance at the $480-$540 zone. Failure to overcome this supply area, coupled with a potential loss of the local $360-$380 support, could see ZEC retreat toward $300, especially if Bitcoin's own recovery falters.

ambcrypto1h ago

ZCash reclaims $400, but here’s why the recovery could be short-lived

ambcrypto1h ago

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