SBI Holdings and Solana Foundation have reached a strategic cooperation to jointly build Japan’s on-chain financial market.

Prominent crypto trader Bonk Guy has published a bullish post on PONS: The platform generated $1.34 million in revenue in a single day, with the day still not over. Even as activity on the Robinhood Chain has cooled in recent days, PONS still boasts an annualized revenue of roughly $202 million, a market cap of $434 million, and $3.7 million remaining in its buyback wallet, which is also accumulating rapidly. These funds will be used to purchase PONS tokens on the market via TWAP (Time-Weighted Average Price) orders, while new revenue comes in faster than the wallet is deployed for buybacks. Bonk Guy argues that a protocol generating over $200 million in annual revenue is only valued at $434 million in market cap, equating to "something worth billions being sold for pennies." PONS remains one of the most undervalued protocols in crypto, and the market cannot continue to ignore it. Note: PONS is the largest holding in Bonk Guy’s current portfolio, valued at $6.9837 million, with a return of 10213.81%.

In his speech on the first night of the Republican National Convention, Donald Trump said that if the Republican Party wins control of the U.S. House of Representatives and Senate, he will distribute a $5,000 bonus to every adult in the United States.

According to U.S. officials, Vice President JD Vance, Secretary of State Marco Rubio and other key aides discussed a scenario with Trump in the Oval Office and Situation Room: Even if the U.S. maintains its blockade and continues military operations, Tehran may still choose to resist, extending the conflict beyond the end of Trump’s term in January 2029. This assessment stands in sharp contrast to Trump’s public comments on Wednesday, in which he insisted the war would end “immediately” after the November midterm elections, as Iran “can’t hold on much longer.” The conflict is now in its seventh month, with 18 U.S. service members killed. Vance signaled last week that the conflict could drag on, saying he is uncertain when hostilities will end and refusing to provide “artificial timelines” that could be exploited by Iran. Signs of long-term war preparations are mounting. Treasury Secretary Scott Bessent has labeled the maritime blockade and sanctions strategy “Operation Economic Orphan,” framing it as an alternative to large-scale military operations. Defense Secretary Pete Hegseth has extended the deployment of some U.S. troops in the Middle East through 2027; the Pentagon plans to prolong air defense deployments with no set withdrawal date, and a third Marine Expeditionary Unit is set to deploy to the region this fall. Brookings Institution Iran expert Suzanne Maloney argues that the maritime blockade is unlikely to produce decisive results in the near or even medium term, noting its only realistic application is tied to a long-term siege plan. International Crisis Group expert Ali Vaez points out that Washington can continue to pressure Iran at a manageable cost, while Tehran can shift most of the pain onto its own people. “All parties are paying a price, but neither side’s leadership has paid enough to accept the other’s terms.”

Last week, the European Commission adopted an enabling act expanding the Central Contact Point (CCP) framework—previously applicable only to e-money institutions and payment institutions—to Crypto Asset Service Providers (CASPs). This allows member state regulators to require locally operating crypto trading platforms and other such entities to designate local contacts. The revised CASPs are integrated into the anti-money laundering (AML) and compliance regulatory liaison network, giving regulators a fixed on-ground point of contact within their jurisdictions and strengthening information sharing and law enforcement cooperation.

Apple today unveiled its first foldable iPhone, the iPhone Duo, alongside Chinese mainland pricing for its new iPhone lineup: the iPhone 18 Pro starts at 9999 yuan, the iPhone 18 Pro Max starts at 10999 yuan, and the iPhone Duo starts at 15999 yuan. At current cryptocurrency prices, the iPhone Duo’s price equals 0.025 BTC. Estimated Bitcoin prices of previous iPhone launches are as follows: iPhone XS Max – 0.169 BTC, iPhone 11 Pro Max – 0.107 BTC, iPhone 12 Pro Max – 0.068 BTC, iPhone 13 Pro Max – 0.024 BTC, iPhone 14 Pro Max – 0.056 BTC, iPhone 15 Pro Max – 0.045 BTC, iPhone 16 Pro Max – 0.019 BTC, iPhone 17 Pro Max – 0.010 BTC, iPhone 18 Pro Max – 0.016 BTC.

Renowned DeFi researcher Ignas notes that the current crypto-meme narrative relies on trading volume and transaction fees, not fundamentals. Once trading volume shrinks, dividends, buybacks, and token burns immediately decline, reducing traders’ incentive to hold, which usually leads to selling pressure. Coinbase’s trading volume hit $547 billion in Q4 2021, falling to $145 billion a year later—a roughly 74% drop; for meme tokens, a 50% cut in trading volume can trigger a market cap decline of over 95%. Uniswap’s trading volume has already started to fall. The same logic applies to established DEXs like ZCAT, STONK, PONS, INDEX, SHROOM, CASHCAT, and RAY, which use transaction fees for buybacks: once volume dries up, their incentives vanish. Robinhood Chain’s weekly fee revenue was roughly 73% of Uniswap’s UNI token burn revenue last week, indicating market enthusiasm persists—but all projects are tied to one core assumption: that people will keep trading. Trading interest will only last until traders stop making profits or grow fed up with losses. Extrapolating full-year returns from current fee revenue is essentially predicting the market will never cool down—a ridiculous proposition.