Grayscale says revenue-generating crypto protocols are trading at unusually low multiples. It argues these valuations create attractive entry points.

Solana is trading at $68, with spot volumes dominating on-chain activity and a market cap of $40 billion. Perpetual trading activity, however, is notably limited. The article points to market-structure constraints as a key reason for the gap between spot strength and muted perp participation.

Solana treasury and infrastructure firm Solmate Infrastructure says its dispute with RockawayX has widened beyond a failed acquisition. The company says the conflict has become a broader fight over governance, valuation, and shareholder control.

Australian lawyer and XRP community commentator Bill Morgan says Ripple should relock less of its monthly 1 billion XRP escrow release. He argues that accelerating the move to full circulating supply would strengthen XRP’s case as “hard money” and remove a supply overhang weighing on sentiment. Ripple CTO Emeritus David Schwartz has pushed back on accelerating the schedule, drawing a firm line against more aggressive proposals.

Standard Chartered said Aave could reach $3,500 by the end of 2030, implying a 50x gain. The forecast is based on the bank’s expectation that the value of assets active in DeFi will expand sharply and on a recovery following the KelpDAO incident.

Chainlink’s Project Pangea partnership brings together more than 50 banks managing over $10 trillion in assets, but LINK’s price reaction has been muted. The setup remains range-bound, with the article outlining three potential scenarios from current levels. Traders are also watching for the next catalyst tied to how the partnership translates into activity and fees.

A $20 million exploit is more than a financial loss, especially for a network that has built its reputation on rigorous security and peer-reviewed development. For Cardano, the timing and nature of the breach amplify its impact beyond the dollar figure.

The Ethereum Foundation has completed a months-long overhaul that included cutting about one-fifth of its workforce and reorganizing around new strategic priorities. The changes also come as the organization reduces its annual budget by about 40% and shifts toward a long-term, endowment-based funding model.