Solana Company reported its Q2 2026 financial results, with revenue of $2.5M. The company said the revenue was largely generated from staking rewards on its holdings of 31,200 $SOL. Over the same period, it recorded a net loss of $30.3M, far exceeding revenue.

World Liberty Financial has received preliminary approval from the U.S. Office of the Comptroller of the Currency (OCC), clearing an early hurdle toward obtaining a bank charter. The company plans to set up a trust company to assume issuance, redemption and reserve management for the USD1 stablecoin, replacing BitGo. The move marks a step by a Trump-linked crypto project toward compliant banking services.

Coinbase said it has fully rolled out its first production smart contract on the Solana network. The company said the launch follows its acquisition of Vector, which brought in an experienced Solana development team focused on improving the DEX trading experience. Coinbase said it deployed a lightweight aggregator that enables routing for 99.9% of Solana DEX tokens and cut quote errors by 80%. The team said more optimizations are planned for later this year.

World Liberty Financial has received conditional approval from the U.S. Office of the Comptroller of the Currency (OCC) to issue its dollar stablecoin USD1 directly through a national trust bank charter and to custody the reserves backing it. The approval requires the trust company to maintain at least $20 million in capital, appoint a qualified internal audit manager, and notify the regulator of major changes to its business plan. USD1 now has a market capitalization of roughly $4 billion, making it the fourth-largest stablecoin, Reuters reported. WLFI was trading at about $0.056 per token.

A bridge connecting the XRP Ledger to the tx chain was exploited through a flaw in its deposit-detection logic. The attacker crafted transactions with no real deposits, minted bridged XRP on the tx chain, then swapped it back into real XRP. About 200,000 XRP was transferred out across 94 payments, each correctly signed by 17 of 28 relayers. Ripple’s ledger was not compromised, but txEcosystem said bridged XRP on its chain is no longer fully backed.

Crypto services provider P2P.org has partnered with DeFi protocol Arkis to allow users to use assets already staked on the Solana and Avalanche networks as collateral for borrowing or other financial transactions. The feature is designed to improve the capital efficiency of staked assets, enabling users to access liquidity without unstaking. The move could increase participation in staking for SOL and AVAX, raise the value locked on-chain, and support new approaches to capital use in the DeFi ecosystem.

Susquehanna International Group disclosed multiple XRP exchange-traded fund (ETF) positions in its latest SEC 13F filing. The firm reported holdings of 53,116 shares of the Bitwise XRP ETF and 22,129 shares of the Franklin XRP ETF. It also listed 10,205 shares of the 2x XRP ETF and 61,300 call options tied to the Canary XRP ETF.

Tether said an audit released in April 2026 showed its reserves exceeded liabilities by $6.814 billion as of Dec. 31, 2025. The company framed the KPMG report as a response to long-running transparency criticism, but U.S. oversight is also tightening, including an FDIC proposal that would treat redemptions exceeding 10% of outstanding issuance within 24 hours as a major event. Tether has previously faced U.S. enforcement, including a 2021 CFTC penalty over reserve practices and a separate New York attorney general settlement tied to reserve representations and fund movements. The audit marks a milestone, while the proposed framework could raise new compliance demands.