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Coinbase released its Solana validator node operation report for the second quarter of 2026, stating that its operated Solana validator nodes outperform the network average in terms of yield, stability, and infrastructure distribution.Data shows that Coinbase currently stakes approximately 41.63 million SOL through 23 validator nodes, accounting for 9.72% of the total staked amount on Solana, with nodes distributed across 7 countries, including the United States, the United Kingdom, Germany, Japan, Singapore, and others.Key operational data is as follows: Staking scale: 41.63 million SOL, accounting for 9.72% of the total staked amount; staking yield: Q2 2026 APY is 6.52%, higher than the network average of 6.38%, leading by 14 basis points; block skip rate: 0.035%, lower than the network average of 0.136%, about one-fourth of the network average.Coinbase stated that its validator nodes adopt a multi-client architecture, currently running 4 clients including Harmonic, Jito, JitoBAM, and Firedancer. All solutions have been reviewed by the Solana Foundation, and aggressive MEV time strategies that may affect user experience are not used.In terms of infrastructure, Coinbase has deployed its validator nodes on two independent bare-metal service providers and configured off-site backups for each node to reduce single points of failure risk. At the same time, the company stated that it has migrated the entire validator node cluster to the DoubleZero network, achieving approximately 99.9% session availability.Coinbase also revealed that it is preparing for the Alpenglow consensus upgrade expected to be advanced by Solana later in 2026, including running community test nodes, developing new consensus health monitoring tools, and completing related voting account upgrade verification.

S&P Global Ratings on Monday awarded BlackRock's new tokenized money market fund, BlackRock Daily Reinvestment Stablecoin Reserve Vehicle (BRSRV), an "AAAm" rating, the highest rating for principal stability funds. The rating is based on factors including the credit quality of investments and counterparties, the term structure, and the management's ability to maintain stable net asset value. S&P Global Ratings stated that no weaknesses were found in BlackRock's management and organization, credit research and analysis, risk management, and compliance.It also noted that the fund's tokenization framework has operational resilience, using a permissioned architecture that restricts transactions to whitelisted wallets to reduce risks associated with the network, smart contracts, and blockchain networks. BRSRV was launched on Monday as an open-end management investment company, aiming to ensure that its shares meet the qualified reserve asset requirements for payment stablecoin issuers under the GENIUS Act. The fund will hold cash, U.S. Treasury securities maturing in 93 days or less, and overnight repurchase agreements backed by Treasury instruments, maintaining a weighted average maturity of no more than 60 days and a weighted average life of no more than 120 days.S&P Global Ratings also released a separate summary of stablecoin stability assessments on Tuesday, stating that among the 11 stablecoins covered, 6 have "adequate" or stronger capabilities to maintain fiat currency pegs. USDT remains at a level 5 "weak," while TUSD and USDe are also at level 5; USDC, EURC, USDG, and USDP are rated level 2 "strong."

According to Jinshi reports, Federal Reserve Chairman Waller stated that we will achieve price stability and emphasized that there is no soft inflation target.

According to Jinshi reports, on July 24, the Central Committee of the Communist Party of China held a symposium for non-party figures at Zhongnanhai to listen to the opinions and suggestions of leaders from various democratic parties, the All-China Federation of Industry and Commerce, and representatives of non-partisan individuals. Xi Jinping presided over the meeting and delivered an important speech, emphasizing the need to adhere to the general principle of seeking progress while maintaining stability, promote the continuous development of the economy towards new, better, and good directions, implement an active fiscal policy and a moderately loose monetary policy, enhance development momentum, and ensure and improve people's livelihoods.

According to Jin Shi reports, on Wednesday, Korean retail investors faced forced liquidations of approximately 1.7 trillion won (about 1.2 billion USD) in positions.Jung In Yun, CEO of Fibonacci Asset Management, stated, "Today there are many cases of forced liquidations, and we need to wait until the selling sentiment of retail investors eases before taking action."

QCP Capital released the latest report stating that Japanese government bond yields have retreated, easing market concerns about the unwinding of yen arbitrage trades and capital inflows, which drove Bitcoin to rebound to around $64,000.

According to Edaily, Bank of Korea Governor Shin Hyun-song stated at a parliamentary meeting that the system related to the Korean won stablecoin and the legislation of the "Digital Asset Basic Law" should be promoted as soon as possible, and emphasized that there will be a competitive and complementary relationship between stablecoins, deposit tokens, and central bank digital currencies.

Grayscale Research stated that Strategy sold a portion of Bitcoin last week, which may help reduce financing risks and provide support for Bitcoin price stability.The sale of approximately $216 million increased its dollar reserves, which is expected to cover about 17 months of dividend payment needs. Meanwhile, the STRC price rebounded, indicating that investors reacted positively to this decision.

Michael Saylor stated that the biggest evolution of Bitcoin in the next decade will come from fewer changes at the protocol layer and a greater role in other areas. He believes that the foundational layer of Bitcoin will become more solid, capital markets will continue to deepen, applications will expand, institutions will enter, and the world will build on Bitcoin. Bitcoin is not a tech stock, a payment company, or a software platform competing to add features, but a monetary network whose purpose is not to act quickly and disrupt things, but to move slowly and remain unbroken.Saylor indicated that Bitcoin has won the first important battle, and the world is increasingly understanding that Bitcoin is digital capital, possessing attributes such as scarcity, durability, portability, divisibility, programmability, and global transferability. The strongest version of Bitcoin is not to "replace all payment rails," but to become a neutral, global, scarce asset around which capital, credit, and commerce are organized. The foundational layer is not optimized for coffee payments, but designed for final settlement, reserve assets, collateral settlement, and ultimate ownership transfer.He believes that the four-year cycle of Bitcoin is still important, but no longer the dominant model. In the next decade, Bitcoin's price movements will be driven less by miner issuance and more by capital flows from ETFs, corporate treasuries, sovereign reserves, bank credit, derivatives, insurance, collateral, and global savings. Halving will tighten supply, while capital flows will determine the growth trajectory. Digital credit will accelerate Bitcoin adoption, connecting Bitcoin capital with the broader financial system.Saylor stated that the main question in the next decade is not whether Bitcoin can survive, but whether economic exposure is still connected to real Bitcoin or if too much "paper Bitcoin" is being formed. Custodial transparency, proof of reserves, risk management, capital structure, and counterparty risk will all become important.He expects that by 2036, Bitcoin will be more widely held, more deeply institutionalized, more politically significant, and become an important collateral asset in the digital credit market; while the foundational protocol itself may change less than everything built around it.

Regarding the digital credit capital framework announced by Strategy, the Ethereum treasury company BitMine (NYSE: BMNR) commented that this framework consolidates the structural relationship between capital markets and Bitcoin, which should enhance investor confidence in the Strategy approach.BitMine believes that investor concerns typically only arise during Bitcoin downturns; if the Bitcoin price were at $100,000, few would question the strategy. Therefore, Strategy needs to prove that it has enough capital to withstand downturn cycles; raising the capital buffer to over 26 months is a wise move. According to its calculations, since 2009, with a rolling period of 36 months, the probability of negative returns for Bitcoin is less than 0.8%, and a reserve size of 26 months is sufficient for Strategy to safely navigate such fluctuations.

In the past 24 hours, the cryptocurrency derivatives market experienced massive liquidations, with a total liquidation amount of approximately $1 billion, and Ethereum's liquidation amount exceeded that of Bitcoin. At the same time, Bitcoin contract open interest rose for the second consecutive day to 778,000 BTC, with a sharp increase in open interest at the end of Thursday indicating that Bitcoin traders are adding short positions in a downtrend. In contrast, Ethereum contract open interest has remained stable at around 14 million ETH since June 15, and Ethereum traders have not actively shorted during the decline.The 24-hour cumulative trading volume difference adjusted for open interest shows that short positions continue to dominate among the top 25 cryptocurrencies, with only BNB, SOL, and TON as exceptions. Meanwhile, the 30-day annualized implied volatility index for Bitcoin surged to 53%, the highest since June 7; the volatility index for Ethereum rose to 66%. In the cryptocurrency options market, last week the skew for Bitcoin options approached 30%, with significant premiums for put options. In large trades, put options with a strike price of $53,000 expiring on July 10 have appeared, reflecting strong demand for downside hedging.

According to Jinshi reports, Castle Securities stated that Federal Reserve Chairman Waller's commitment to lowering inflation has enhanced the credibility of the Federal Reserve, thereby supporting U.S. long-term Treasury yields and suppressing term premiums. Following last week's Federal Reserve meeting, trading in the U.S. Treasury market, which amounts to $31 trillion, showed that long-term yields were more stable compared to the two-year yields that are more sensitive to policy. The company's head of fixed income sales, Nohshad Shah, stated, "A highly credible Federal Reserve should benefit long-end rate performance."

According to Jinshi reports, the Federal Reserve FOMC statement indicates that the committee will commit to achieving price stability.

With the resurgence of variables in the Middle East situation and the support of strong U.S. inventory data, crude oil has shown a stabilization trend after experiencing violent fluctuations. According to market data from the Gate platform, Brent crude oil (BZ) is currently priced at $91.31, down 1.28% in 24 hours; WTI crude oil (CL) is currently priced at $88.05, down 1.64% in 24 hours. According to CoinGlass data, trading of crude oil-related contracts on the Gate platform remains active. Among them, the Gate BZUSDT contract has a 24-hour trading volume of $8.377 million, consistently ranking among the top two in the industry; the CLUSDT contract has a 24-hour trading volume of $13.3168 million, with an open interest of approximately $8.2264 million, both ranking prominently in the industry.

Last week, the U.S. Bitcoin spot ETF reported a net outflow of $1.72 billion, experiencing the largest single-week net outflow since February 2025. The largest Bitcoin ETF by net assets, BlackRock's IBIT, recorded an outflow of $1.34 billion last week, marking the largest single-week net outflow since its launch in January 2024. Overall, the ETF continued the negative outflow trend that began in May, ultimately recording a monthly net outflow of $2.43 billion in May.Andri Fauzan Adziima, head of research at Bitrue Research Institute, stated that the main driver of last week's ETF outflows was macroeconomic headlines, particularly recent U.S. employment data. The strong May 2026 (non-farm payroll) report confirmed the resilience of the labor market, lowering the probability of the Federal Reserve cutting interest rates in the short term and pushing up U.S. Treasury yields, making income-generating bonds much more attractive than non-yielding Bitcoin.Additionally, geopolitical uncertainties have triggered widespread risk-averse sentiment in recent trading days, affecting not only the digital asset market but also other sectors including artificial intelligence, tech stocks, and gold. It is expected that the outflow pressure will continue in early June, but will stabilize or turn slightly positive by mid to late June, as panic sentiment bottoms out, seasonal factors in June provide some support, and any macro-level easing will trigger inflows.

The Ethereum Layer 2 network Ink, incubated by Kraken, announced last night that the network is experiencing a full-chain outage, with current network availability being intermittent and services not yet stabilized.The official statement noted that before the chain returns to normal operation, user transactions and cross-chain bridging operations may experience instability. Ink is collaborating with its infrastructure partner Gelato to investigate the root cause of the failure and to advance network recovery efforts. As of the time of publication, Ink has not announced any further progress or recovery timeline.

According to Jinshi reports, Federal Reserve's Daly stated that restoring price stability is crucial, but this goal cannot come at the expense of harming the economy.

According to crypto KOL Yusuf's monitoring, yesterday the EURR and USDR contracts under the European stablecoin issuer StabIR were attacked, resulting in losses exceeding 10 million dollars.After the incident, over 100,000 dollars of stolen funds have been frozen, and the USDR and EURR have depegged by more than 20%.