Yesterday’s Biggest Headlines

Crypto Market Watch

• Solana surged above $100 for the first time since February and gained more than 23% over seven days. Fortune reported that record Solana ETF flows and rising network activity helped SOL outperform Bitcoin.
• Charles Schwab said it will add Solana, Avalanche and Chainlink to its crypto platform in the coming months. Charles Schwab said the additions would expand direct trading beyond Bitcoin and Ethereum.
• Chainalysis reported more than $457 billion in potentially taxable on-chain crypto activity during 2025. Chainalysis estimated that the United States accounted for $112.6 billion and that current international reporting rules cover only 14% of the on-chain total.
• Moonwell lost about $8.7 million after an attacker manipulated the price of thinly traded MAMO collateral on Base. The Defiant reported that the lending protocol cut borrow caps across its Base core markets to prevent further losses.

Equity Market Moves

• Nvidia shares jumped more than 7% as its revenue outlook revived confidence in AI demand. CNBC reported that the rally spread to chipmakers and AI-infrastructure companies after Nvidia forecast 70% fiscal-2028 revenue growth.
• Salesforce reported record fiscal second-quarter results and raised its full-year revenue guidance. Salesforce said Agentforce and Data 360 annual recurring revenue reached nearly $3.9 billion, up more than 210% year over year.

Commodities Watch

• The Trump administration moved closer to a deal for a U.S. ownership stake in Venezuelan oil fields. Axios reported that the proposed arrangement could cover fields holding about 90 billion barrels and more than double U.S. oil reserves.
• Frontier Antimony said it plans to refine Alaskan ore into military-grade metal in the United States. Felix Gold said the refinery is targeted to begin operating in the first half of 2028 as Washington seeks to reduce heavy import reliance.

Today’s Watchlist

• Federal Reserve Chair Kevin Warsh's Jackson Hole speech and its impact on rates, the dollar and gold
• Whether Solana can hold above $100 as ETF flows and decentralized-exchange activity accelerate
• Follow-through in Nvidia, Salesforce and the broader AI-linked equity complex
• Moonwell's investigation, recovery plan and timetable for restoring borrowing on Base
• Any confirmed terms for the proposed Venezuelan oil arrangement or U.S. antimony refinery

edgeX Market Lens

Friday's crypto setup is broader than another Bitcoin milestone. Solana's move above $100 is supported by record ETF activity and stronger on-chain volumes, while Charles Schwab's planned addition of SOL, AVAX and LINK extends direct token access at a major U.S. financial institution. Chainalysis' $457 billion estimate also shows the economic scale that tax authorities are trying to map. The counterweight is protocol risk: Moonwell's loss demonstrates how thin collateral and price-oracle design can turn local liquidity into system-wide exposure.

The cross-asset picture is equally catalyst-heavy. Nvidia and Salesforce strengthened the case that enterprise and infrastructure spending on AI remains robust, but Warsh's Jackson Hole address can still reset rate expectations and valuations. In commodities, a potential U.S. stake in Venezuelan fields would have long-term implications for oil reserves and supply policy, while the planned antimony refinery highlights the strategic push to localize critical-mineral processing.

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