forward

According to Forward Industries (NASDAQ: $FWDI) in a public letter, the company's General Counsel Georgia Quinn officially responded to SEC Commissioner Hester Peirce's statement on July 22, 2026, titled "Headstands and Summervaults," and proposed a three-tier vault regulatory framework centered on "management freedom" as a core variable:• Type I - Use: Developers provide out-of-the-box software, and users configure parameters themselves without registration;• Type II - Follow: Referencing the SEC's 2013 no-action letter regarding AngelList, Angels set strategies for others to follow, meeting conditions such as co-investment and information disclosure, without needing to register as investment advisors;• Type III - Advised: Involves active management, requiring registration or applicable exemptions, suggesting that the SEC and CFTC jointly regulate to avoid dual compliance conflicts.The article also presents five baseline requirements applicable to all vaults, including conflict of interest disclosure, code public audit, exclusion of disqualified persons, applicability of anti-fraud rules, and state law preemption. The article specifically notes that Peirce's statement did not mention the CFTC, and the inter-agency regulatory issues regarding mixed-asset vaults urgently need to be addressed by the SEC and CFTC.

Binance co-founder He Yi today reposted the RootData stock derivatives report on the X platform and commented "Everything is a number," accompanied by a reference to RootData's average daily open interest (OI) data for stock derivatives on exchanges from July to August 2026. The data shows that Binance ranks first with a share of 69.1%.In addition, the RootData report points out that the cumulative trading volume of mainstream exchange stock derivatives from January to August 2026 has approached $1.75 trillion, indicating that this category is transitioning from a marginal business to a core battleground for crypto exchanges competing with TradFi.

Huobi HTX will hold a themed debate today at 20:00 titled "The Federal Reserve Cuts Forward Guidance: Regaining Independence or Triggering Market Panic?"The affirmative side representatives Li Qian, Guobao, Wanqu, and yuli will engage in dialogue with the negative side representatives Mr. Mis, Zizi, 0xmeg, and Qingfeng, focusing on the potential impacts of the Federal Reserve's weakening of forward guidance on policy transparency, market expectations, and asset pricing changes, as well as discussing how U.S. stocks, gold, and crypto assets will be repriced.

Coinbase CEO Brian Armstrong recently released a vision board on the X platform, expressing hope for strong bipartisan support for the CLARITY Act on September 15, followed by Uptober, and the start of the next cryptocurrency bull market, stating "as predicted."The CLARITY Act aims to provide a clearer market structure and regulatory framework for cryptocurrency assets in the United States. Armstrong's statement reflects his expectations for regulatory progress and a warming market sentiment.

Forward Industries has resumed purchasing SOL. As the largest holder of Solana, the company acquired an additional 254,000 SOL at an average price of $75 between July and August 3, bringing its total SOL holdings to over 7.8 million.

According to BeInCrypto, Nasdaq-listed company Forward Industries reported a net loss of $69 million for the third quarter of fiscal year 2026, primarily due to impairment losses resulting from fair value adjustments of its Solana assets in accordance with U.S. Generally Accepted Accounting Principles. The company held approximately 7.55 million SOL at the end of the quarter, with the per-share SOL holding increasing by 9% quarter-over-quarter to 0.073; during the quarter, it increased its holdings by over 500,000 SOL through purchases and staking, and repurchased 2.5 million shares of stock.Revenue for the quarter increased more than fourfold year-over-year to $10.8 million, mainly from SOL staking and other financial services income. As of August 3, the company held approximately 7.8 million SOL, with the per-share SOL holding rising to 0.0754. After the earnings report was released, FWDI's stock price fell slightly by 1.36% in after-hours trading.

According to Jinshi reports, BlueBay Chief Investment Officer Mark Dowding pointed out in a report that if Federal Reserve Chairman Waller abandons forward guidance, it may increase the market's risk of losing confidence in the Federal Reserve. He stated that during the periods when previous Federal Reserve chairmen implemented forward guidance, the institution enjoyed a high level of trust and credibility. However, if it falls into a state of information vacuum, market doubts may intensify, and trust in the Federal Reserve may begin to waver.Dowding also noted that the current level of U.S. debt has reached a historic high, and if a laissez-faire attitude is taken towards market trends, it could lay the groundwork for significant risk hazards.

According to Jinshi reports, Federal Reserve Governor Waller stated that if the forward guidance is "too rigid or inflexible," it may become an obstacle to policy implementation.

According to The Block, the publicly listed company Forward Industries (FWDI) purchased over 500,000 SOL in the fiscal quarter ending Tuesday, increasing its Solana inventory to approximately 7.55 million SOL, valued at about $776 million (approximately $576 million in the text, fluctuating with market prices), making it the largest SOL financial holder among the three publicly listed companies with Solana inventories.The company stated that it issued 93,642 shares through an ATM this quarter and repurchased shares when the stock price was below the net asset value per share of SOL, aiming to "maximize each SOL share and enhance long-term shareholder value." As a result, FWDI's stock price rose over 17% during the trading session, and the price of Solana also climbed to a January high of about $77.

According to The Block, Nasdaq-listed Forward Industries (FWDI) is seeking to integrate the Solana digital asset treasury company through acquisitions. The company plans to acquire SkyAI (SKYA) and Solana Company (HSDT), respectively proposing all-stock merger offers with premiums of about 10% and 20%. Solana Company rejected the initial offer, while SkyAI did not respond. Previously, Forward's acquisition of Solmate was also rejected.Forward's Chief Investment Officer Ryan Navi stated that Forward is offering attractive terms to small SOL DATs, including premiums for existing shareholders and opportunities to increase SOL exposure through a larger platform. He believes that many DATs struggling in the bear market face expensive cash liquidation risks, with investors unable to recover their original assets. "We see an offensive opportunity, and there is room for a win-win situation." Navi pointed out that SKYA's stock price is significantly discounted compared to its net asset value, and its performance has notably lagged behind SOL and its peers after transitioning to AI.

According to the Wall Street Journal, Forward Industries has confirmed that it submitted a non-binding acquisition proposal to the board of directors of Solana Company (HSDT), planning to merge the businesses through an all-stock transaction.The company stated that the proposal aims to promote business integration between the two parties and believes that initiating formal dialogue is in the common interest of both companies and their shareholders. However, the HSDT board voted on June 12 to reject the acquisition offer and stated that it would not engage in further discussions regarding the proposal. Forward Industries expressed "disappointment and surprise" at this decision and reiterated its hope that both parties could reopen communication.Analysts believe that this incident reflects the current divergence between Solana ecosystem-related companies regarding capital integration and independent development paths, and it remains to be seen whether there will be renegotiations or other capital actions in the future.

According to Decrypt, although Do Kwon, the founder of Terraform Labs, has been sentenced to 15 years in prison for causing the collapse of Terra, which resulted in approximately $40 billion in losses, the abandoned original chain Terra Luna Classic (LUNC) has not disappeared. A group of community members continues to maintain the network, hoping to achieve one of the greatest revivals in the history of the cryptocurrency industry.The report states that a core community member known by the pseudonym "Vegas" lost about $50,000 during the Terra collapse and has since been involved in operating validation nodes, governance proposals, and developer coordination. He expressed that despite facing long-term internal power struggles and fraud accusations, and even being maliciously reported to the authorities, he still believes LUNC has the potential to return to the top ten in the cryptocurrency industry.After the Terra collapse in 2022, Terraform Labs launched a new chain, Terra, through a hard fork, while the original chain was retained and renamed Terra Luna Classic. Subsequently, the community organization Terra Rebels took over the maintenance work and launched a series of proposals, including a 1.2% burn tax, in hopes of revitalizing the ecosystem. However, due to disputes over fund allocation and governance, Terra Rebels eventually disbanded, and several developers left one after another.Despite this, the community continues to advance the development of projects such as lending protocols, games, and meme coins, and attempts to restore the stablecoin peg mechanism. Data shows that LUNC has risen 17.3% in the past year, but has cumulatively fallen 28.7% since 2022, with a decline of 99.99% from its historical high of $119.Some community members stated that the shared trauma after the collapse has formed a bond similar to "family," and that price is no longer the only goal. "What if we could achieve one of the greatest comebacks in cryptocurrency history? It's like a last-ditch pass." said a community member.

According to Businesswire, financial technology infrastructure company Cross River Bank announced a $250 million forward financing to Figure to support Figure's cryptocurrency collateralized loan business.Cross River will provide ongoing capital support for Figure's crypto loans, helping borrowers obtain dollar liquidity without selling their cryptocurrency assets.

According to monitoring by Lookonchain, Forward Industries deposited 455,784 SOL (31.87 million USD) into Coinbase Prime after a month of silence. Since launching the Solana treasury strategy in September 2025, the company has spent approximately 1.59 billion USD to acquire 6.83 million SOL at an average price of 232.08 USD, and its current holdings are worth only 458.6 million USD.

According to Jinshi reports, Federal Reserve's Daly stated that the current monetary policy is in good shape, but the economic situation is too uncertain to clearly determine the direction of interest rates. She pointed out that providing forward guidance at this time is not appropriate, and the inflation issue is particularly concerning, especially with rising energy and food prices. Daly also mentioned that although there is no clear evidence that artificial intelligence has improved productivity, she remains optimistic about the technology and believes that 2027 will be a key year.