On April 19, on-chain analyst Yu Jin reported that Sun Yuchen urgently withdrew 53,660 ETH (worth $125 million) from Aave and deposited it into Spark. Currently, most of Sun Yuchen's on-chain funds, totaling $2.13 billion, are held in Sky and Spark, while only $380 million remains in Aave.
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Sun Yuchen Deposits $125 Million in ETH Withdrawn from Aave into Spark
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Vitalik: Ethereum to Complete Major Third Iteration in Next 5 Years, Quantum Resistance and Privacy as Primary Goals
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Bank of England Governor Bailey to Speak on Fiscal and Monetary Policy Coordination in Ten Minutes
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Solana Achieves $4.84 Billion in Spot Trading Volume for Tokenized Stocks This Quarter
On July 3, it was reported that Solana broke multiple records in trading, revenue, and trading volume in the second quarter of 2026. In the tokenized stock sector, Solana's spot trading volume reached $4.84 billion this quarter, capturing over 96% market share. This volume far exceeded that of all other blockchains combined, marking the fourth consecutive quarter that Solana has led this sector, solidifying its dominant position. In terms of decentralized application revenue, the total dApp revenue for this quarter was $257 million, maintaining its lead over all Layer 1 and Layer 2 blockchains for the ninth consecutive quarter. Despite competitive pressure from peers, the enthusiasm of ecosystem developers and actual user demand remains strong. On-chain trading activity has surged, with daily, weekly, and monthly trading volumes all hitting new highs. The total number of non-voting transactions for the quarter approached 9.8 billion, with the overall network transaction volume rising to 59%, reaching an eleven-month high. The perpetual futures trading scale has seen a significant surge, with nominal trading volume for the quarter reaching $183 billion. GMTrade, Pacifica, and Jupiter were the main sources of trading volume, with GMTrade showing impressive growth in asset locking, cumulative trading volume, and protocol fees. The Phoenix platform also gained market recognition with its new features. Meanwhile, the Solana Foundation has proactively reduced its staking holdings, with the staking scale dropping to 4.92% of the total network staking, aiming to weaken its control over network validation and promote the decentralized and mature development of the validator ecosystem. Overall, even though the market is generally perceived to be at the bottom of a bear cycle, Solana's various innovative businesses and fundamental on-chain data are rising against the trend. If this quarter indeed marks the low point of the current market cycle, the existing performance will lay a solid foundation for long-term growth. The article also briefly mentions developments related to Solana's on-chain governance, the Grass rewards controversy, and future plans of the foundation's executives. -
Venezuela's Largest Oil Refinery Resumes Operations
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US Bitcoin ETF Sees Net Outflow of 588 BTC Today, Ethereum ETF Records Net Inflow of 6,105 ETH
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On July 3, data showed that oil exports from the Gulf region in June increased by over 3 million barrels per day compared to May, surpassing 10 million barrels per day, although still 40% lower than pre-war levels. The UAE led the recovery in the oil market, allowing millions of barrels of crude oil that were stranded in the Gulf region to enter the international market, enabling producers to increase output and bring oil prices down to pre-war levels. According to Kpler, the total export volume of crude oil and condensate from Saudi Arabia, the UAE, Kuwait, Iraq, and Iran increased by over 3.5 million barrels per day from May, reaching 10.07 million barrels per day. Another freight analysis company, Vortexa, estimated that the oil delivery volume in June was 10.2 million barrels per day, up from 7 million barrels per day in May, but still far below the 16.5 million barrels per day recorded in the same period last year. Data from Kpler, Vortexa, and LSEG indicated that UAE's crude oil exports reached a record high of 3.7 to 3.8 million barrels per day in June, more than 1 million barrels per day higher than in May.
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