1inch Releases Solana-to-EVM Swaps Without Bridging

Decentralized exchange aggregator 1inch launched an industry-first feature enabling direct cross-chain swaps between Solana and more than 12 EVM networks. For the first time, assets can move without relying on fragile token bridges or vulnerable messaging protocols long criticized for repeated security breaches.

The functionality is powered by 1inch’s Fusion+ framework, combining Dutch Auction settlement mechanics with chain-specific escrow programs for fully trustless transaction fulfillment. Every swap is self-custodial and MEV-protected by design, allowing institutions and retail users to securely execute large transactions.

Integrations went live simultaneously across the 1inch dApp, Wallet, and Fusion+ API, ensuring broad accessibility for traders and developers alike. Builders can now embed Solana-to-EVM interoperability directly into their projects, with liquidity flowing natively across ecosystems without synthetic assets.

Co-founder Sergej Kunz said the breakthrough advances 1inch’s vision of chain-agnostic DeFi, erasing boundaries that once siloed liquidity pools. He predicted that within three years, users would stop caring about blockchains entirely, demanding only best execution, resilient security, and interoperability.

Wyoming Unveils First State-Backed Stablecoin on 7 Chains

Wyoming announced the launch of the Frontier Stable Token (FRNT), the first state-issued stablecoin in the US FRNT is overcollateralized by cash and short-term Treasurys and will trade initially on seven blockchains, including Ethereum, Solana, and Base. The Wyoming Stable Token Commission said the token is designed to provide secure, efficient, and transparent digital payments for individuals and institutions worldwide.

The project builds on Wyoming’s history of pioneering crypto regulation, including recognition of DAOs and the creation of crypto-focused bank charters. President Trump’s federal stablecoin law signed last month created the framework for FRNT’s rollout, spurring financial institutions to take interest. Kraken and Rain will be the first exchanges to support the token, with blockchain surveillance provided by Inca Digital.

SharpLink Expands Ethereum Treasury With $667M Purchase

SharpLink Gaming it acquired 143,593 ETH worth $667 million, bringing its total holdings to 740,760 ETH valued near $3.2 billion. The Nasdaq-listed firm, chaired by Ethereum co-founder Joe Lubin, pivoted into an ETH treasury model in June and has quickly become the second-largest holder after BitMine. Nearly all of SharpLink’s ether has been staked to earn yield.

The company raised $537 million last week and reported $84 million in cash reserves not yet deployed. Despite a Q2 net loss of $103 million, SharpLink emphasized its ETH accumulation strategy and posted a 98% jump in “ETH concentration” per share. Lubin said Ethereum’s role as the “trust layer” of decentralized finance makes the strategy a cornerstone for long-term shareholder value.

MetaMask Adds TRON Support to Wallet Platform

MetaMask announced a partnership with TRON DAO to integrate TRON into its self-custodial wallet, expanding beyond its Ethereum roots. The move allows MetaMask’s more than 100 million annual users to interact directly with TRON-based applications, particularly in stablecoin payments. The wallet has recently integrated Solana and Sei and plans to add Bitcoin support later this year.

TRON founder Justin Sun said the integration strengthens interoperability as networks compete to offer low-cost, high-volume transactions. MetaMask executives noted the expansion creates a more versatile gateway to web3 while providing a consistent interface across ecosystems. TRON processes nearly 9 million daily transactions and $22 billion in stablecoin transfers, making it a leading global payments rail.

Data of the Day

Spot Ether ETFs saw $196.7 million in outflows Monday, the second-largest single-day withdrawal since launch. BlackRock’s ETHA and Fidelity’s FETH led the redemptions, pulling $87 million and $79 million respectively. The sell-off coincided with a 6.5% price drop for ETH, now trading around $4,238.

Analysts noted the withdrawals came as Ethereum’s unstaking queue hit a record 910,000 ETH worth $3.9 billion, extending validator wait times to more than two weeks. While Ether ETFs had recently outpaced Bitcoin ETFs in inflows, the surge in unstaking has raised concerns of short-term selling pressure.

More Breaking News

• A Spanish DeFi investor faces a $10.5 million back tax bill after authorities classified depositing crypto collateral for a loan as a taxable capital gain.
• Robinhood partnered with CFTC-regulated Kalshi to launch NFL and college football prediction markets, letting users trade outcomes as regulated event contracts.
• Crypto exchange Bullish settled its $1.15 billion IPO entirely in stablecoins like USDC and EURC, marking the first US public offering conducted this way.
• Valantis acquired stHYPE, Hyperliquid’s second-largest liquid staking token with $180 million locked, expanding its influence as liquid staking surpasses half of the chain’s total DeFi value.
• Tether appointed former Trump crypto adviser Bo Hines as strategic consultant, tasking him with shaping US compliance and advancing its domestic expansion strategy.
• Google became the largest shareholder of Bitcoin miner TeraWulf with a 14% stake after backstopping a $3.2 billion AI-focused data center lease deal.
• Polkadot launched Polkadot Capital Group to connect Wall Street institutions with Web3, offering resources in RWA tokenization, staking, DeFi, and CEX & DEX infrastructure.
• Anthony Scaramucci’s SkyBridge Capital will tokenize $300 million of assets on Avalanche, nearly doubling its RWA base and strengthening institutional adoption.

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