The price of Solana remains below a crucial resistance level as a recently launched staking exchange-traded fund continues its inflow streak and transaction growth accelerates. Summary Solana may jump to its all-time high this year. The total value locked of the SSK ETF has jumped to a record high. Solana’s stablecoin supply and transactions has…
DeFi Development Corp. is expanding its Solana holdings with the latest 110,000 SOL purchase. Summary DeFi Development Corp. has increased its Solana treasury holdings to $273M Lastest acquisition amounted to 110,000 SOL, worth about $22 million The company’s Solana per share metric rose 9% DeFi Dev Corp is rapidly accumulating Solana (SOL) as its treasury…
Solayer launched SVM Bridge, an interoperability protocol to connect Solana and the Solana Virtual Machine. Summary Solayer unveils SVM Bridge to boost interoperability in the Solana ecosystem SVM Bridge will connect Solana with InfiniSVM and other SVM chains. Network boasts low latency, security, and efficient asset bridging Solana (SOL) ecosystem’s interoperability could soon get a…
The push to launch a U.S.-listed Solana ETF has hit another pause. The Securities and Exchange Commission has pushed back its decision on multiple proposals, adding fresh uncertainty. Summary The SEC has postponed its verdict on several Solana ETF proposals. ETF analysts currently place the odds of approval at 95%, with increased engagement between issuers…
The SEC has acknowledged Invesco Galaxy’s filing for a spot Solana ETF, marking a key step toward potential approval and joining a wave of filings from major asset managers. Summary The ETF would track the spot SOL price and includes a staking provision; it’s slated for listing on the Cboe BZX Exchange. Invesco’s filing joins…
CMB International Asset Management and DigiFT launched the CMB International USD Money Market Fund as a tokenized product on Solana, Ethereum, Arbitrum, and Plume. Summary The MMF is ranked 1st among Asia-Pacific peers by Bloomberg and available to accredited investors in Singapore. The fund supports subscriptions and redemptions via fiat or stablecoins with real-time on-chain…
Solana reclaimed the $200 level for the first time in August, amid renewed institutional interest. Summary Solana touched the $200 level for the first time in August Institutional interest in Solana treasuries is increasing Markets are betting that Solana will go above $210 by the end of the month. Solana (SOL) broke through the $200…
Thumzup made its biggest crypto bet yet. Fresh off a $50 million public offering, the firm is aggressively accumulating Ethereum, Dogecoin, Solana, and other cryptocurrencies while building out mining infrastructure, signaling a rare hybrid strategy for a Nasdaq-listed company. Summary Thumzup Media raises $50 million in public offering to fund cryptocurrency accumulation and mining expansion….
BitPay has integrated Solana into its platform, enabling users and merchants to buy, store, send, receive, swap, and spend SOL and Solana-based stablecoins. Summary BitPay, a leading crypto payment processor, has integrated Solana blockchain into its platform. Payments from external Solana wallets (Phantom, Solflare, Backpack) are supported, and Solana-based payouts are planned for future updates….
SOL price has risen more than 35% from its June low and formed a rare pattern that signals potential gains in the coming weeks. Summary SOL has risen more than 35% from its June low, forming both a golden cross and a cup-and-handle pattern on the daily chart. Public companies, including Bit Mining, Upexi, and…
