Robinhood has emerged as a key platform in the rollout of the Trump Accounts program, with U.S. Treasury-backed child investment accounts scheduled to begin transfers ahead of the initiative’s July 4 launch.

According to information surrounding the program, Robinhood is expected to help facilitate the new accounts, which are designed to give eligible children access to long-term investment portfolios through federally supported savings accounts.

The transfer process is expected to open through the U.S. Treasury before the official launch, bringing brokerage firms into one of the administration’s newest financial initiatives.

Robinhood is expected to handle access to the new accounts

Under the program, children under 18 whose parents have a valid Social Security number will qualify for an account. The federal government will contribute an initial $1,000, while families and other approved contributors may add up to $5,000 per child each year through IRS Form 4547.

The framework brings together the U.S. Treasury, the Internal Revenue Service, brokerage firms responsible for custody, and retail investment companies that will offer account access. Although officials have not formally named Robinhood as the exclusive provider, the company is widely expected to play a central role in making the accounts available to eligible users.

Because Robinhood already combines stock investing with cryptocurrency trading in a single application, the arrangement could eventually allow users to manage government-backed investment accounts alongside their existing brokerage portfolios if regulators permit such functionality. The current Trump Accounts structure, however, does not include cryptocurrency investments or blockchain technology.

Speaking in an interview with CNBC’s Joe Kernen on Thursday, President Donald Trump also said he believes Elon Musk could contribute SpaceX stock to the Trump Accounts initiative, although he acknowledged he had not recently spoken with the billionaire.

Trump added that business leaders including Michael Dell and Micron have shown support for the children’s investment program. Neither Musk nor SpaceX has announced any plan to donate shares, leaving Trump’s comments as his expectation rather than a confirmed commitment.

Following those remarks, SpaceX ticker SPCX recovered from an intraday low near $155 to close about 3% higher at roughly $162 on July 3 as buyers returned after early selling pressure, as previously reported by crypto.news.

Regulators continue separating traditional investments from digital assets

While the accounts focus on conventional investment products, their launch comes as U.S. regulators continue defining the legal boundaries between securities and digital assets. The program adds another example of regulated custodial investment products becoming part of mainstream financial services, even though cryptocurrencies are not included in the current design.

Research previously published by Messari has identified retail investment applications as an important entry point for individuals investing in risk assets. If brokerages integrate the new accounts into existing investing platforms, regulated long-term investing could become more accessible to younger users through familiar financial apps.

The political backdrop surrounding the initiative remains active. As previously reported by crypto.news, President Trump’s 2025 financial disclosures showed at least $1.4 billion in crypto-related income tied to ventures including his memecoin and World Liberty Financial, prompting continued ethics discussions while lawmakers negotiate the CLARITY Act. Trump later denied knowledge of those earnings and said there was “nothing illegal” about them.

Although the Trump Accounts program currently excludes digital assets, brokerage participation and ongoing regulatory work could influence future discussions about how government-backed investment products and regulated digital asset offerings coexist within the U.S. financial system.

Solana’s SOL token climbed to a level not seen in more than 30 days, briefly trading around $83, and the move is drawing attention because it doesn’t look like a simple altcoin sympathy rally. Instead, market data points to a mix of rising tokenized-asset activity on Solana, renewed memecoin momentum, and improving flows tied to stablecoin liquidity.

The question now for traders is whether this renewed bid can push SOL back through the $90 area—or whether the market is already cooling off as leverage comes off the table. Recent derivative and on-chain indicators suggest enthusiasm may be more selective than it was earlier in the week.

Key takeaways

• SOL hit a 30-day high near $83, showing signs of decoupling from the broader altcoin market’s weakness.
• Tokenized trading activity on Solana accelerated as cumulative tokenized stock transfers surpassed $10 billion around June 23.
• Memecoins and prediction-market activity boosted short-term attention, but leveraged positioning cooled quickly.
• Futures annualized funding fell to about 3% on Friday from an 11% peak earlier, implying less appetite for chasing gains to $90.

Tokenized assets bring a new tailwind to Solana

One of the clearest narratives behind SOL’s strength is the renewed growth in tokenized asset activity on the Solana network. According to data referenced from RWA.xyz, Solana’s tokenized assets rose to a record-high $3.5 billion on Wednesday—up from $2.7 billion about one month earlier.

The same dataset also points to what’s driving that expansion. The article cites tokenization products related to corporate credit and market indexes such as the S&P 500 and the Nasdaq-100. In addition, RWA.xyz data shows Solana leading the tokenized industry by active addresses, with 294,274, compared with Ethereum’s 204,955.

On the “why it matters” side for investors and builders: when tokenized assets expand, it generally increases demand for on-chain infrastructure—settlement, custody, trading venues, and related DeFi rails. Even if tokenized flows don’t translate immediately into SOL spot buying, they can reinforce the perception that Solana is capturing practical usage, not only speculative demand.

Memecoin revival and ecosystem features support short-term momentum

Beyond tokenization, the rally also appears to have been helped by a memecoin resurgence. The article highlights the Sunday airdrop of The Black Bull (ANSEM), which launched on Pump.fun. ANSEM reportedly reached a market capitalization of $60 million by Tuesday, with the developer directing roughly 65% of the supply to Ansem’s public wallet; the launch rollout reportedly involved about 74,000 addresses over the initial three days. The distribution is described as lacking full transparency.

That kind of attention can matter because memecoin activity often spurs retail trading and related network usage—especially on ecosystems where token launches and trading are tightly integrated. In this case, multiple Solana memecoins gained, but the article notes that the biggest winner was the Pump.fun platform token (PUMP). PUMP added about 27% on the week, returning to the top 100 by market capitalization and reaching an estimated $630 million valuation. ANSEM itself reportedly extended gains on Friday, reaching an all-time high market capitalization of $112 million.

Alongside memecoins, the article also ties SOL’s renewed interest to prediction-market functionality. It cites the integration of a “World prediction markets” experience into the Phantom wallet, reporting nearly $890,000 in total value locked over two days, framed as an effort to compete with Polymarket during the World Cup betting cycle. It also mentions that Jupiter has prediction markets under beta testing, with a reference to a June 29 launch.

Leverage cools: derivatives signal traders are less willing to chase

If tokenized-asset growth and memecoins helped ignite the move, derivatives data suggests the market is no longer as eager to press higher prices. The article points to a sharp decline in bullish leveraged appetite after Wednesday, when SOL rose above $75 for the first time in 30 days.

Specifically, the SOL perpetual futures annualized funding rate fell to 3% on Friday from an 11% peak just two days earlier. The piece references Laevitas for those funding figures, and notes that under “neutral conditions,” the funding rate should typically sit in a range from 6% to 12% to balance the capital cost.

That shift is important for traders because funding rates often reflect whether longs are crowding the trade. A cooling funding environment can mean new longs are less willing to pay up for exposure to SOL, which can reduce the momentum needed to sustain a breakout attempt—especially if spot demand doesn’t keep pace.

In other words, the market may be congratulating itself on earlier gains while becoming more cautious about a further push toward $90. The article’s framing emphasizes that investors may not want to bet on SOL widening its performance gap over other altcoins based solely on temporary memecoin-driven attention. Without sustained blockchain activity that converts into durable demand—rather than short-lived hype—there may be fewer reasons for leverage to build again quickly.

What to watch next for SOL and Solana activity

For SOL to realistically challenge the $90 zone, the next signal to track is whether the tokenized-asset expansion and broader on-chain usage can offset any fading retail-driven flows. If tokenized trading volume continues to grow and prediction-market participation sustains, the narrative supporting SOL may broaden beyond memes. Conversely, if leveraged sentiment stays subdued and funding remains below the levels typically associated with healthy upside positioning, SOL may consolidate even if it remains resilient versus the rest of the altcoin market.

Shielded Labs has raised the possibility of delaying Zcash’s Ironwood network upgrade, citing readiness concerns among exchanges, mining pools and wallet providers ahead of the planned late July activation.

According to a July 3 X post on the Zcash community forum by Shielded Labs executive director Jason McGee, the network is attempting to complete two major changes at the same time. Alongside Ironwood, infrastructure providers are also expected to replace Zcash’s long-running node and wallet software, zcashd, with a new software suite known as the Z3 stack.

Key takeaways:

• Solana’s tokenized assets and memecoin revival drove SOL to a 30-day high at $83.
• Bullish leveraged appetite cooled sharply, suggesting traders are hesitant to bet on further gains to $90.

Solana’s SOL token jumped to its highest mark in over 30 days on Friday at $83, marking a decoupling from the altcoin market. SOL’s rally gained steam from a surge in tokenized trading volume on Solana, inflows of stablecoin liquidity, and an unexpected comeback in memecoin activity. Can SOL reclaim the $90 level?

Total altcoin market capitalization, USD (left) vs. SOL/USD (right). Source: TradingView

SOL’s bullish momentum ignited on June 23, coinciding with cumulative tokenized stock transfers on Solana surpassing $10 billion. The launch of SpaceX shares trading by Backpack propelled Solana’s decentralized finance (DeFi) utilization. In contrast, the broader altcoin market extended its downtrend, hitting the lowest level since December 2023.

30-day tokenized assets net flows ex-stablecoins, USD. Source: RWA.xyz

Tokenized assets on the Solana network surged to a record-high $3.5 billion on Wednesday, up from $2.7 billion one month prior. The recent boost came from corporate credit tokens and stock market indexes, such as the S&P 500 and the Nasdaq-100. According to RWA.xyz data, Solana leads with 294,274 active addresses in the tokenized industry, followed by Ethereum with 204,955.

Memecoins, prediction markets surge may push SOL toward $90

The airdrop of The Black Bull (ANSEM) memecoin on Sunday re-ignited interest in the sector. The token, launched on Pump.fun, reached a $60 million market capitalization on Tuesday. The anonymous developer directed some 65% of the supply to the crypto influencer Ansem’s public wallet. The distribution lacked transparency, but involved 74,000 addresses over the initial 3 days.

Top 7-day performances of Solana tokens. Source: CoinRanking

Multiple memecoins on Solana surged on the back of the memecoin airdrop, but the biggest winner was the Pump.fun platform token (PUMP). The 27% weekly gains were enough to send PUMP back into the top-100 crypto rankings, with a $630 million market capitalization. ANSEM memecoin extended its gains on Friday, reaching an all-time high market capitalization of $112 million.

The launch of World prediction markets integrated on Phantom wallet has created expectations for increased Solana activity. The project gathered nearly $890,000 in total value locked in two days and aims to compete with the extremely successful Polymarket amid the World Cup betting frenzy. Jupiter has also unveiled its prediction markets under beta test on June 29.

Related: US dominates Polymarket political bets despite geoblock–Report

SOL perpetual futures annualized funding rate. Source: Laevitas

The appetite for bullish leveraged positions has vastly declined since Wednesday, when SOL’s price crossed above $75 for the first time in 30 days. SOL futures annualized funding rate dropped to 3% on Friday from an 11% peak two days prior. Under neutral conditions, the indicator should range from 6% to 12% to offset the capital cost.

Investors are not comfortable betting on a SOL rally to $90 merely on the back of a temporary memecoin demand surge. Unless there is sustainable demand for blockchain activity, there are no apparent drivers for SOL to further widen its performance gap relative to the remaining altcoins.

South Korean crypto exchange Upbit has rejected claims that it is participating in the issuance of Open USD after being listed among more than 140 organizations associated with the proposed stablecoin.

According to a statement issued by Upbit, the exchange has not agreed to issue or help launch the dollar-backed stablecoin, despite its operator, Dunamu, appearing on Open Standard’s published list of participating businesses. The company said it had only expressed a willingness to consider joining the OpenStandard ecosystem if it expands in the future.

The clarification follows similar statements from several South Korean companies that were also named by Open Standard earlier this week. Those responses have raised new questions about how many organizations have formally committed to the project after Open Standard introduced OUSD as a stablecoin backed by the U.S. dollar.

South Korean firms deny formal participation

Following Samsung Electronics’ earlier response, more companies have now distanced themselves from Open Standard’s announcement. As reported by crypto.news, Samsung said it had not held formal discussions with the project and did not know what role it was expected to play.

Dunamu, Shinhan Bank and K-Bank also confirmed they had received inquiries from Open Standard but said they were still reviewing the proposal and had not approved participation.

Those statements differ from Open Standard’s announcement on Tuesday, which described more than 140 organizations, including Visa, Mastercard, BlackRock, Google, Samsung Electronics and Dunamu, as businesses that had “signed up to use” OUSD.

The project also described many of those companies as founding partners that would participate in governance and share income generated from the stablecoin’s reserve assets.

Open Standard has also said participating businesses would be able to mint and redeem OUSD without paying fees or facing volume limits. According to the project’s announcement, earnings generated from reserve assets would be distributed among participating companies.

Regulatory uncertainty continues to cloud commitments

Outside the consortium debate, industry figures have questioned parts of Open Standard’s proposal. Circle CEO Jeremy Allaire previously raised concerns about whether free, unlimited minting and redemption could be maintained over time.

Separately, ARK Invest research director Lorenzo Valente described the announcement as a “giant” letter of intent, suggesting many of the listed relationships may still be preliminary rather than finalized.

South Korea’s regulatory position has added another layer of uncertainty. The country has not yet passed the Digital Asset Basic Act, leaving unresolved who will be allowed to issue stablecoins and what role different businesses can legally perform within such networks.

As crypto.news previously reported, lawmakers have continued debating whether stablecoin issuance should be limited to banks or extended to qualified non-bank companies. Until those rules are finalized, questions remain over licensing requirements, reserve management standards and the responsibilities of companies joining stablecoin ecosystems.

With several listed organizations now publicly stating that discussions remain preliminary, Open Standard’s published consortium has come under closer scrutiny as companies continue evaluating whether to participate once South Korea’s regulatory framework becomes clearer.

Belgian authorities have arrested a 19-year-old man they say was a central figure in a European phishing and money-laundering operation that netted more than €500,000 by targeting victims with fake government emails and phone calls. The suspected scheme relied on remote-access software to carry out fraud, and investigators say cryptocurrencies were used to move and launder the proceeds.

According to a Federal Judicial Police report cited by Belgian law enforcement, the arrest took place in Antwerp at an Airbnb, where a second suspect was also found. The investigation began in March 2026, when regional authorities escalated phishing as a priority.

Key takeaways

• Belgian police say the suspected phishing crew used fake government communications to trick victims into installing remote-access software.
• The operation allegedly involved money mules and cash carriers before converting proceeds into cryptocurrencies.
• Investigators characterize crypto as serving multiple roles in phishing—both as part of laundering workflows and as an enabling tool.
• Broader industry data cited in the report reinforces that phishing and social engineering remain leading drivers of crypto theft.
• Recent warnings about malicious ads on Google highlight how attackers are continuing to target users through mainstream search advertising.

Arrest in Antwerp and a laundering pipeline using crypto

In the Belgian case, the Federal Judicial Police reported that the suspected mastermind was detained in an Airbnb in Antwerp. A second suspect was discovered at the location as well, and the primary suspect was subsequently brought before an investigating judge, who issued an arrest warrant.

While authorities did not detail the full operational workflow in the cited report, they described the alleged criminal method: victims were contacted via fake government emails and phone calls designed to induce them to install remote-access software. That is a classic social-engineering pattern in phishing campaigns, because it converts a digital entry point into remote control capabilities.

Police also said the network used intermediaries—money mules and cash carriers—to process and move funds before laundering. The critical addition for the crypto angle is that investigators allege the gang ultimately laundered proceeds through cryptocurrencies, demonstrating how digital assets can be integrated into stages of criminal finance rather than remaining isolated as a payment layer.

Why this matters for crypto users and compliance

The Belgian arrest underscores a recurring reality for the crypto ecosystem: many of the highest-impact losses do not begin with vulnerabilities in smart contracts or protocol code. Instead, fraudsters frequently use human-targeted tactics to obtain access to accounts, wallets, or other assets—and then use crypto to obscure trails.

From an investor and operator standpoint, this has practical implications. It suggests that even if a platform’s underlying technology is secure, users may still face outsized risk through phishing campaigns that impersonate trusted entities. It also points to why transaction monitoring and compliance controls remain relevant even when the entry attack is “off-chain.”

For builders and exchanges, the lessons tend to be operational rather than technical: account security, verification processes for high-risk requests, user education, and fraud response playbooks can all influence outcomes when scams target individuals rather than software.

Phishing and social engineering still dominate crypto losses

The broader threat landscape aligns closely with the Belgian case. Phishing and social engineering scams are described as major contributors to crypto theft, including in reported loss figures for early 2026.

According to Hacken, phishing and social engineering accounted for $306 million of the $482 million lost in the first quarter of 2026. That data, as presented in the source reporting, frames phishing as the most prevalent mechanism behind real-world losses—even as decentralized finance security debates often focus on exploits and protocol failures.

Attackers have long exploited predictable human behavior: creating urgency, impersonating authority figures, and using convincing messaging to bypass caution. The persistence of those tactics is why the crypto community continues to treat user manipulation as a top-tier security concern, not a fringe risk.

Malicious Google ads and evolving tactics

Recent warnings show that phishing campaigns are not limited to email and direct calls. On May 25, onchain analyst “b-block” warned that scammers used Google to run malicious phishing ads impersonating decentralized exchange Uniswap, reportedly stealing more than $400,000 from victims. The warning adds another layer to the problem: threat actors may be leveraging established advertising ecosystems to reach users at scale.

In parallel, DeFiLlama said fake ads on Google are a common source of phishing attacks. Separately, Crypto cybersecurity group Security Alliance reported in April that there was a significant uptick in phishing activity on Google Search in March. Together, these points indicate that mainstream discovery channels—search ads and ad placements—can become a distribution method for crypto scams.

Blockchain security company CertiK’s Skynet report also highlighted phishing and social engineering among leading tactics used by malicious actors associated with North Korea-linked operations. The source further notes that CertiK attributed the 2022 Ronin Bridge exploit to a spearphishing campaign that involved a fake LinkedIn recruiter and a malware-laden PDF—an example of how phishing can lead into broader compromise chains.

What to watch next

With Belgian authorities tying phishing directly to crypto laundering techniques, and with multiple reports indicating phishing remains the largest share of reported losses, the next signal to track is whether law enforcement actions and platform security measures reduce scam distribution channels—especially ads and impersonation attempts—or whether attackers continue to shift to new mainstream touchpoints faster than users can adapt.