According to Cointelegraph, Solana's native token, SOL, has experienced a 28% rally over the past three weeks, generating moderate optimism in the derivatives market. Despite this positive momentum, major players such as whales and market makers have yet to adopt a bullish stance. Traders are now contemplating what factors could drive SOL towards the $260 mark. The current annualized funding rate for SOL stands at 16%, indicating moderate enthusiasm among retail traders. Typically, under neutral conditions, the funding rate for perpetual contracts ranges between 5% and 15%, suggesting that long positions are paying a premium to maintain exposure. Despite the recent price increase, SOL has underperformed compared to the broader altcoin market. For instance, Ether (ETH) surged by 51% and XRP by 41% during the same period. Although SOL is now trading near its highest level in five months, around $190, traders remain cautious. To reach the $260 level, SOL requires network growth and a sentiment boost. While leveraged bullish positions are not essential for SOL to reclaim this level, renewed confidence is necessary to counteract selling pressure. Solana's network activity remains 85% below January levels, yet network fees have increased by 27% over the past 30 days, contrasting with declines seen by competitors like BNB Chain and Base. Solana generated $32.9 million in network fees over 30 days, with $12 billion in total value locked (TVL). In comparison, Ethereum holds $91 billion in deposits. These figures are promising for SOL holders, as staking yield is closely tied to network revenue. To assess whether professional traders are warming up to the idea of a rally to $260, the monthly futures market is worth examining. Under neutral market conditions, these contracts typically trade at a 5% to 10% premium over spot prices. On Monday, SOL's 3-month futures premium reached the neutral 6% level for the first time in five months, marking a departure from earlier bearish sentiment. Investors are closely monitoring the potential approval of multiple spot Solana exchange-traded funds (ETFs) by the US Securities and Exchange Commission (SEC). Such approval could unlock institutional demand, similar to the success of Ether ETFs, and build on existing products like the REX-Ospray SOL Staking ETF (SSK). Registered under the Investment Company Act of 1940, the SSK ETF does not require the typical SEC S-1 filing. Since its launch on July 2, it has accumulated $130 million in assets under management. Given Solana's strong network activity and growing expectations for a spot ETF approval in the US, the likelihood of SOL reaching $260 in the short term appears strong.

SOL looks poised for a longer-term rally toward $260, but a few key changes need to happen first. source: https://cointelegraph.com/news/sol-bears-are-gone-here-s-what-it-takes-to-send-solana-to-dollar260?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

A multi-state, multi-million dollar investigation dubbed Operation Teller-to-Telegram just concluded with the arrest of several individuals who allegedly engaged in a bank fraud scheme that targeted the elderly. In a statement, the office of the Florida Attorney General James Uthmeier says that eight individuals behind an $8. source: https://dailyhodl.com/2025/07/28/bank-employees-and-co-conspirators-allegedly-orchestrate-8800000-fraud-scheme-targeting-elderly-americans-in-multi-state-operation/

Shiba Inu (CRYPTO: SHIB) is seeing a new spike in its burn rate after its expansion to the Base blockchain, renewing hopes for a fresh uptrend. source: https://www.benzinga.com/crypto/cryptocurrency/25/07/46670497/shiba-inu-burns-600-million-shib-in-single-day-what-is-going-on?utm_source=cryptopanic.com&utm_campaign=partner_feed&utm_medium=partner_feed&utm_content=site

الرؤى الرئيسية: أخبار BNB: قامت شركة CEA Industries المدرجة في بورصة ناسداك وشركة 10X Capital، بدعم من شركة YZi Labs، يوم الاثنين بتأمين 500 مليون دولار أمريكي في اكتتاب خاص لتأسيس أكبر شركة خزينة BNB. ونتيجة لذلك، ارتفع سعر سهم VAPE بأكثر من 600% ليصل إلى 63. source: https://www.thecoinrepublic.com/ar/2025/07/28/bnb-crypto-%d8%b3%d9%87%d9%85-%d8%b4%d8%b1%d9%83%d8%a9-cea-industries-vape-%d9%8a%d8%b1%d8%aa%d9%81%d8%b9-%d8%a8%d9%86%d8%b3%d8%a8%d8%a9-600-%d8%b9%d9%84%d9%89-%d8%a3%d9%83%d8%a8%d8%b1-%d8%ae%d8%b2/

Key Insights: BNB News: Nasdaq-listed CEA Industries and 10X Capital, with support from YZi Labs, on Monday secured $500 million in private placement to establish the largest BNB treasury company. As a result, VAPE stock price skyrocketed more than 600% to $63. 04 as investors rushed to place buy orders source: https://www.thecoinrepublic.com/2025/07/28/bnb-crypto-cea-industries-vape-stock-soars-600-on-largest-bnb-treasury/

Mill City Ventures' stock is up over 270% since last week. source: https://decrypt.co/332112/sui-spotlighted-as-nasdaq-listed-lender-raises-450-million-for-crypto-treasury

Stablecoin giant Tether has minted $8 billion dollars worth of its flagship USDT in the last 25 days alone, according to on-chain data. Citing Arkham data, on-chain analytics firm Spot On Chain reports that Tether minted $1 billion in USDT on the Ethereum (ETH) network early on Monday. source: https://dailyhodl.com/2025/07/28/tether-abruptly-prints-8000000000-in-usdt-on-ethereum-eth-and-tron-as-crypto-market-recovers/

null source: https://x.com/BTC_Archive/status/1949903026497483025

null source: https://x.com/BTC_Archive/status/1949902236659961895

Argentina’s government suddenly closed the investigation into the Libra cryptocurrency scandal involving President Milei and his sister, despite public concern and complaints. The criminal case continues, but the task force was shut down amid political backlash, leaving questions about transparency and the future of crypto regulation in the country.

Argentinians are losing trust in President Javier Milei after his alleged involvement in the $4.6 billion Libra crypto scandal, with polls showing a drop in his approval rating. Despite this, his party still leads in election polls, though doubts about his leadership and economic policies are growing.

Hayden Davis, founder of the $LIBRA meme coin, faces an Interpol Red Notice as Argentine authorities accuse him of orchestrating a $100 million scam. The scandal also involves President Javier Milei, who promoted the coin before it collapsed, leading to lawsuits from defrauded investors.

On-chain data shows that insiders linked to MELANIA and LIBRA tokens moved large sums through multiple wallets, raising concerns about money laundering.