Solana's Heartbeat Quickens: Block Times Fall 17% in Latest Speed Upgrade
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Those who buy the dips SK Hynix on the blockchain are now deeply trapped. If the price subsequently falls to around $1300, it could trigger a chain reaction of liquidation among long positions.
According to BlockBeats, on July 2nd, Hyperinsight monitoring showed that as SK Hynix's stock price continued to decline, short positions in SKHX on Hyperliquid, including addresses such as (0xe1b, 0x890, and 0x4c7), were closed out to take profits, while long positions experienced significant stop-loss orders. Notably, a whale starting with 0x9dc closed out approximately $35.16 million worth of SKHX long positions, incurring a loss of approximately $4.42 million. This resulted in a surge in trading volume over the past 24 hours, with a 24-hour turnover of approximately $585 million. As of press time, most of the large long positions in SKHX that buy the dips yesterday are now showing paper losses, with some highly leveraged long positions having lost more than their initial margin. One large long whale(0x4b2) began buy the dips yesterday and added to long long position about two hours ago after SKHX experienced a phased decline, at one point increasing its position to approximately $4.2 million. However, as SKHX continued to fall, this whale partially stopped its losses before the liquidation line to reduce the risk of being liquidated. Currently, this address remains the closest long whale to the liquidation line on the blockchain, with its SKHX long positions showing a floating loss of approximately $380,000, a return of approximately -103%, and the latest liquidation line has moved down to approximately $1,351. In addition, there are still several large SKHX long positions liquidated around $1,300 on the chain; if SKHX continues to decline, this area may become the next pressure zone for long liquidation.
Ethereum Institutional signals support for Ethlabs’ motion to reduce Ethereum block times
The non-profit signaled support for reducing Ethereum block times, citing increasing institutional activity moving onto the smart-contract network.
Circle issued another 250 million USDC on the Solana blockchain.
According to BlockBeats, on July 8th, based on OnchainLens monitoring, Circle issued another 250 million USDC on the Solana chain. As of now in 2026, Circle has issued a total of $65.03 billion USDC on the Solana chain.
TAIKO's price surged more than 10 times in 24 hours, but has now fallen back to 0.47 USDT.
According to Foresight News , Bitget data shows that TAIKO's price surged more than 10 times in the past 24 hours, reaching a high of 1 USDT. The current price has fallen back to 0.47 USDT, with the 24-hour increase narrowing to 423.31%. Its circulating market capitalization is currently $32.28 million, and its FDV is currently $162 million.
Solana Just Got Faster—Is It Bullish for SOL?
Solana has activated the first reduction in its block timing since launch, speeding up transactions on the network.
Solana cuts blockchain slot time to 350 milliseconds
Solana reduced its slot time for the first time since genesis as it works toward a 200-millisecond target aimed at reducing network latency.