Forward Industries Adds Over 500K SOL, Lifts Holdings to 7.55M
Forward Industries added over 500,000 SOL this quarter, raising total holdings to 7.55 million SOL. Fully diluted SOL per share rose from 0.0669 to 0.0729, with 36% annualized quarter-over-quarter growth. The company issued 93,642 common shares through an ATM program at a NAV premium. Forward Industries said future plans include buybacks, premium issuance, and leverage using fwdSOL as collateral.
GigaDevice fell 12.46% at the open as multiple Hong Kong-listed semiconductor stocks opened lower. Montage Technology fell 6.8%, and SMIC declined 5.93%.
A morning roundup covered Strategy's STRC trading goal of $99–$100 and Robinhood's Layer 2 mainnet launch. The roundup also said Meta is building a cloud business to sell excess AI computing capacity.
GMGN market data showed TAIKO surged more than 10 times in the past 24 hours and hit 0.47 USDT. TAIKO later retreated to 0.41 USDT, leaving its 24-hour gain at 423.31%.
On-chain analyst Ember CN said 7.055 million WLD worth $2.66 million moved to Binance over the past 7 hours. WLD later fell from $0.395 to $0.365, an 8% decline.
AVAT Plunges 93% as Avalanche Treasury Warns on Going Concern
Nasdaq-listed Avalanche Treasury Corp said in its SEC quarterly report that substantial doubt exists about its ability to continue as a going concern after AVAT fell 93% over the past month. The company completed its merger with Mountain Lake Acquisition Corp on June 11 and planned to establish a $1 billion AVAX reserve. Its approximately $265 million AVAX holdings have shrunk to about $123 million.
KOSPI Falls Below 8,000 as KRX Triggers Sell-Side Halt
The KOSPI sank below 8,000 on July 2, prompting KRX to activate a sell-side sidecar and suspend program trading for five minutes. The index was down 534.25 points, or 6.43%, to 7,769.16 by 9:51 a.m. local time. Heavy semiconductor selling drove the move after the VanEck Semiconductor ETF lost 5.4% Wednesday. By late June, KRX had logged close to 30 sidecar activations and five circuit breakers this year.
MSX.COM data showed U.S. stocks closed lower, with the Nasdaq down 0.66% and CoreWeave down 13.92%. KLA, Teradyne, Astera Labs and Micron also fell more than 10%.
Whitney Webb challenged Polymarket's founding narrative, saying Shayne Coplan did not found the company alone in 2020. Webb linked Polymarket's origins to TokenBnk, Peter Thiel's team, and the canceled Policy Analysis Market project.
SoSoValue data showed the U.S. SOL spot ETF recorded a $521,100 single-day net inflow on Eastern Time July 1. BSOL saw a $3.9909 million inflow, while GSOL saw a $3.4699 million outflow.
Bitwise Europe Head of Research Andre Dragosch said BTC could bottom before the widely expected October timeframe. He said July appears to be a turning point for BTC to shift from a bear market to a bull market.
On-chain analyst Ember said ParaFi Capital withdrew 56 million SKY worth $2.98 million from Coinbase Prime an hour ago. ParaFi Capital now holds 126 million SKY worth $6.64 million, with an unrealized loss of $1.72 million.
Solana Launches On-Chain Governance for Validator Proposals
The Solana Foundation introduced on-chain governance, with validators needing at least 100,000 delegated SOL to register an SGP. Validators can propose and vote on protocol operations through Solana Governance Proposals. The SGP framework operates on-chain and verifies results through Merkle proofs. The foundation said SIMDs remain technical proposals for protocol changes.
Cloudflare opened the waitlist for its Monetization Gateway, which lets developers charge for web pages, datasets, APIs or MCP tools. Payments will settle in stablecoins through the open x402 protocol.
Ripple Lists Eight RLUSD Expansions Across Payments, Exchanges, and Cross-Chain Rails
Jack McDonald disclosed eight recent RLUSD developments covering payments, exchanges, cross-chain infrastructure, and regional access. Mastercard expanded settlement support for RLUSD across eight blockchain networks, including the XRP Ledger. Ripple also expanded RLUSD availability in Turkey and entered Japan through SBI VC Trade after Japan Financial Services Agency approval.
Ethereum Foundation Pitches Ethereum for Government Digital Identity and Records
The Ethereum Foundation released a policy guide that presents Ethereum as public infrastructure for governments and institutions, supported by approximately $76 billion in staked ETH as of March 2026. The Foundation said Ethereum can support digital identity, public records, and asset tokenization. The guide cited projects in Bhutan, Buenos Aires, and India as examples of government exploration.