Strategy Launches Bitcoin-Native Credit Model to Assess Its Credit Risk

Crypto research firm Santiment notes that market FUD (Fear, Uncertainty, Doubt) surrounding SOL has hit its highest level in 2026, a development that typically signals a bullish indicator. Currently, Solana is facing a toxic mix of negative sentiment: trading volume has fallen to its lowest level of 2026, while negative comments have just spiked to their highest daily mark this year. Much of the frustration stems from the fact that despite Solana’s strong narrative around tokenized stocks and real-world asset (RWA) activity, its price has failed to deliver meaningful returns for traders. This is where it gets interesting: when sentiment is excessively negative and trading activity is thin, large holders (whales) often encounter less retail selling resistance if they choose to push prices higher. At a time when traders least anticipate a rebound, SOL may be in this low-attention, high-FUD zone, primed for rapid, sharp price fluctuations.

MARA Holdings subsidiary Volt Texas has signed an agreement with HIF USA to acquire a majority stake in MAT 1177 LLC, the entity holding the Texas data infrastructure park project, with the seller retaining only a partial minority stake. The project company holds a letter of intent signed with a power utility, which plans to supply up to 2000 MW of power for the park to build a large-scale digital infrastructure facility supporting high-performance computing and Bitcoin mining. Transaction consideration is paid in milestone-based installments; if all development milestones are completed, the total acquisition amount will reach up to $600 million. Installment obligations will be triggered upon completion of related land acquisition, power access, and subsequent data center lease execution.

The Hyperliquid Policy Center has submitted a response to the U.S. Commodity Futures Trading Commission (CFTC)’s request for input on future regulatory directions, calling for formal recognition that on-chain protocols do not need to be registered, non-custodial wallets do not act as financial intermediaries, and a clear path for carrying out regulatory functions on-chain.

According to Securities Times, Alibaba has cumulatively invested around 7.6 billion yuan in Changxin Technology, making it the industry investor with the highest shareholding ratio. Per Changxin Technology’s prospectus and public information, the Alibaba group first took a stake in Changxin Technology in December 2021. After dilution from multiple rounds of financing, the stake from this initial investment stood at around 1%. Three and a half years later, in June 2025, the Alibaba group made a large additional investment, raising its pre-IPO stake to around 5%: Alibaba Cloud holds 3.85% and Alibaba Network holds 1.12%. As a result, the Alibaba group’s total cumulative investment in Changxin Technology amounts to approximately 7.6 billion yuan. It is understood that Alibaba Cloud was also one of the largest single investors in the final round of capital increase before Changxin Technology’s listing.

According to EmberCN’s monitoring, a whale address has been consistently going long on XYZ100 (Nasdaq 100 Index) over the past three hours. Its current position size has swelled to approximately $61.5 million, and it has not halted adding to its position. The address is still continuously purchasing via TWAP (Time-Weighted Average Price) orders, signaling that it is further expanding its Nasdaq 100 long position through batch execution.

According to market sources, the CFTC has blocked CME’s plan to offer 24/7 oil futures trading.