Author: Token Flash

The crypto market posted modest gains Wednesday, rebounding after two days of volatility. The uptick followed two major developments: the Senate’s passage of President Donald Trump’s “One Big Beautiful Bill” (OBBA) and the announcement of a new trade deal with Vietnam.Bitcoin (BTC) is up 3.2% over the past 24 hours and is currently trading at around $109,400, while Ethereum (ETH) shot up nearly 6% to $2,560. Solana (SOL) climbed by 3.6% to $153, and XRP rose 3.2% to $2.26.Total crypto market capitalization rose 1.3% on the day to $3.5 trillion, while leveraged liquidations totaled $343 million, according to CoinGlass. BTC…

“PostParams is building massive online multiplayer functionality into the artistic expression that we support on Art Blocks,” founder Snowfro told The Defiant.Art Blocks, the leading generative art NFT platform, unveiled its new PostParams feature last week, enabling artists and collectors to dynamically transform their collections over time. While some collectors have raised doubts about the new feature, Art Blocks founder Erick Calderon, who goes by Snowfro, clarified that PostParams simply offer a new mechanism for artists and collectors to express themselves on-chain. PostParams enable several customization options, allowing the collector or artist to modify pre-specified properties of the artwork. The…

The DEX processed $529 billion in Q2, more than doubling its Q1 volume as new features and cross-chain growth drove momentum.Decentralized exchange (DEX) PancakeSwap has broken its own monthly trading volume record, reporting $325 billion in volume for June 2025. Pancakeswap is now the largest DEX by 30-day trade volume and boasts a total value locked (TVL) of nearly $1.8 billion, according to DeFiLlama.June’s monthly volume is nearly double May’s $173 billion and the highest monthly figure in Panakeswap’s five-year history, according to data from Dune analytics. Quarterly volume also surged to a record $529 billion in Q2, up 158%…

DeFi Development Corp., the first U.S.-listed company to adopt Solana as a core treasury asset, said it intends to raise $100 million through a private offering of convertible senior notes maturing in 2030. DeFi Development Corp., the first U.S.-listed company to adopt Solana as a core treasury asset, said it intends to raise $100 million through a private offering of convertible senior notes maturing in 2030. The deal, marketed under Rule 144A to qualified institutional buyers, includes an option to lift the size to $125 million depending on demand.Net proceeds will be used primarily to acquire additional Solana tokens and…

Bitcoin L2 Stacks is using Wormhole’s infra to bring native Bitcoin liquidity to Solana and Sui.Wormhole — a blockchain interoperability protocol that secured $225 million in funding at a $2.5 billion valuation from Coinbase Ventures, Multicoin Capital, and Breven Howard — has added support for Stacks, one of the first Layer 2 (L2) networks on Bitcoin.With the integration, Stacks’ two key assets — sBTC and STX — can now move across other blockchains using Wormhole’s infrastructure, beginning with Solana and Sui, Wormhole said in an announcement on Tuesday, July 1. The tokens will adopt Wormhole’s Native Token Transfers (NTT) standard,…

Anchorage Digital has been appointed custodian and staking partner for the REX-Osprey Solana + Staking ETF, the first exchange-traded fund in the United States designed to distribute crypto staking rewardsAnchorage Digital has been appointed custodian and staking partner for the REX-Osprey Solana + Staking ETF, the first exchange-traded fund in the United States designed to distribute crypto staking rewards. The product has been registered with the U.S. Securities and Exchange Commission and is set to begin trading on Wednesday.The ETF offers investors exposure to the Solana blockchain’s native token, SOL, while channeling the underlying assets into on-chain staking to generate…

The Senate passed the bill yesterday, but last-minute provisions from Sen. Lummis to reduce crypto tax burdens failed to make it into the mega-tax bill.A pair of tax changes that pro-crypto Senator Cynthia Lummis had hoped to get inserted into the Senate’s version of the One Big Beautiful Bill Act (OBBB) mega-legislation didn’t make it in, but she plans to keep pushing them. The OBBB was narrowly passed by the Senate yesterday, July 1, and now is headed back to the House for review and a final vote, likely before the July 4 recess. The first of the two provisions…

The partnership with World Liberty Financial aims to accelerate USD1’s multichain expansion.Plume Network has partnered with World Liberty Financial (WLFI) to make USD1 the official reserve asset for its native stablecoin, pUSD. Plume is a blockchain designed to bring real-world assets (RWAs) on-chain – it currently boasts a total value locked (TVL) of $231 million. USD1, issued by WLFI – a decentralized finance (DeFi) project with ties to President Donald Trump – has a market capitalization of $2.2 billion, making it the seventh-largest stablecoin in circulation. The token is now live across the Plume ecosystem, including on Nest, the chain’s…

BitMine Immersion Technologies said it has raised roughly $250 million in a private placement, selling about 55.56 million new shares at $4.50 apieceBitMine Immersion Technologies said it has raised roughly $250 million in a private placement, selling about 55.56 million new shares at $4.50 apiece. The proceeds, funded in cash and cryptocurrencies, will be used to accumulate ether and make the digital asset the company’s primary treasury reserve. The round was led by investment firm MOZAYYX with backing from Founders Fund, Pantera Capital, Galaxy Digital and other crypto-focused investors.Concurrently, BitMine appointed Wall Street strategist and Fundstrat co-founder Tom Lee as…

Germany’s Savings Banks Finance Group, commonly known as Sparkassen, plans to open cryptocurrency trading to its retail clientele in 2026, according to multiple reports citing the lenderGermany’s Savings Banks Finance Group, commonly known as Sparkassen, plans to open cryptocurrency trading to its retail clientele in 2026, according to multiple reports citing the lender. The network of about 370 regional savings banks serves roughly 50 million customers and manages assets of around €1.5 trillion. Trading in Bitcoin—along with selected other digital tokens—is expected to be offered directly through the group’s mobile banking app, eliminating the need for clients to move funds…