The Wire PM — July 2, 2026

The Wire PM — July 2, 2026

Forward Industries Pushes Its Solana Treasury Past 7.55M SOL Forward Industries added more than 500,000 SOL, about $38 million at current prices, lifting its stack to 7.55 million SOL. The stock jumped 17% on the news. The company now holds more SOL than the next three largest publicly traded Solana treasuries combined, which makes it the clearest single proxy for corporate conviction in the chain. SOL led the majors today, up 7.3%, and treasury buyers of this size are structural demand that tightens the float behind every staking yield. (The Block, Decrypt)

Robinhood Chain Goes Live on Mainnet Robinhood opened the public mainnet for Robinhood Chain, an Ethereum layer 2 built on Arbitrum's stack, with Uniswap live from day one. The launch ships 24/7 tokenized stock trading, perpetuals through Lighter, and a roadmap toward agentic crypto trading. Tokenized equities that settle on-chain around the clock pull a new collateral type into DeFi, and collateral is where yield starts. The open question is whether that flow stays on the L2 or leaks back to the venues with deeper liquidity. (The Block, Decrypt)

Bitcoin Pops Off a 21-Month Low as Soft Data Eases Rate Fears BTC recovered to about $61,000 after softer US jobs and factory numbers revived hopes that the Fed's hawkish turn is cooling. The bounce lifted the whole board, with SOL up 7.3% and ETH up 4.7% on the day. For a yields desk the read is simple: risk appetite coming back tends to pull stablecoin borrow rates up as traders add margin. Rate data over the next sessions decides whether this holds or fades into another lower low. (Decrypt)

Securitize Bets Tokenization Breaks Wall Street's Grip on Stock Lending Ahead of its NYSE listing, Securitize president Brett Redfearn argued that tokenization brings crypto's core benefit, cutting out middlemen, to retail investors in markets like stock lending. The pitch is that on-chain settlement lets holders lend assets directly instead of routing through prime brokers who keep the spread. If it works, the same disintermediation that reprices lending yields on-chain starts eating a business Wall Street has owned for decades. The listing is the first real test of how much of that thesis public markets will price. (Decrypt)

Prediction Markets Keep Compounding, and Solana Wants In Kalshi and Polymarket's combined volume rose 75% to $45 billion in June, with Kalshi alone up 87% to $31.5 billion during a World Cup heavy month. The same week, a Solana-based prediction market launched inside Phantom, with the Solana Foundation calling the category one of the strongest fits for a high-performance chain. Volume that large parked in yes or no contracts is idle collateral looking for a home. Whichever venue turns those balances into yield-bearing positions first captures a deposit base that rivals a mid-size lending market. (The Block, Solana app)

Numbers (Updated)

• BTC: $61,199 (+4.5%, 24h)
• SOL: $80.60 (+7.3%, 24h)
• ETH: $1,645 (+4.7%, 24h)
• Solana DeFi TVL: $4.93B

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