Backpack Securities and Sunrise have introduced SPCX, a token tied to underlying SpaceX shares and issued on Solana. Summary SPCX gives eligible users blockchain-based exposure to underlying SpaceX shares. Investors can convert SPCX tokens into actual shares through regulated brokers. Solana enables 24/7 trading, transfers, and self-custody of SPCX tokens. The launch creates a blockchain-based…
Solana price has rebounded more than 10% from its June low after a 36% correction from its May peak, with a giant falling wedge now putting the January high back on traders’ radar. Summary Solana price has stabilized above key support after a steep correction erased roughly one-third of its value in less than two…
Ethena Labs has planned a $250 million allocation to Securitize’s tokenized AAA-rated CLO fund as the product expands to Solana. Summary Securitize has expanded its tokenized AAA rated CLO fund to Solana, with Ethena Labs planning a $250 million allocation. The fund invests in U.S. dollar denominated AAA rated CLO tranches and is supported by…
Exodus Movement has partnered with Ondo Finance to launch trading for more than 200 tokenized stocks, ETFs, and real-world assets through its wallet app. Summary Exodus has partnered with Ondo Finance to offer trading in more than 200 tokenized stocks, ETFs, and real world assets through its wallet app. Users in supported markets can buy…
The Solana price has started to move again, with weekly gains above 4%. Summary Solana climbed 3.38% to $67.73, extending weekly gains as upward momentum returned. Backpack and Sunrise launched SPCX on Solana, bringing tokenized SpaceX share exposure to the network. Technical indicators show bears losing strength as bulls defend support and attempt a trend…
A new Solana DEX project has brought fresh attention to XRP Ledger’s early exchange design. Summary Matt Hamilton said XRP Ledger solved DEX ordering problems years before Solana’s Mato pitch. XRPL’s built-in DEX has operated since 2012, giving XRP a long-running native DeFi base. XRPL developers are also testing lending and AMM upgrades for broader…
Solana price fell 4% on Wednesday, moving closer towards the $90 support amid a broader market downturn triggered by hotter than expected U.S. PPI data. Summary Solana price fell 4% toward $90 after hotter than expected U.S. PPI data raised concerns of persistent inflation and delayed Fed rate cuts. Market pressure increased as investors priced…
Solana’s price rallied over 6% to a five-week high of $94 on Monday amid a broader market rebound. Summary Solana price rallied to a five-week high near $94 as the broader crypto market rebounded after Bitcoin moved above the $74,000 level. The rally was supported by short liquidations and rising derivatives activity, with SOL futures…
PUMP price edged higher on Thursday as traders speculated about the project’s potential expansion beyond its current ecosystem. Summary PUMP price rose as speculation around Pump.fun’s potential multi-chain expansion grew. Trading activity increased while the token held support near $0.002. Technical indicators show a volatility squeeze, suggesting a breakout could be approaching. At press time,…
Nasdaq-listed Solmate Infrastructure has announced plans to build a Solana infrastructure hub in the United Arab Emirates alongside a corporate restructuring and capital overhaul. Summary Nasdaq-listed Solmate Infrastructure plans to build a Solana infrastructure hub in Abu Dhabi as part of a broader restructuring to focus on digital asset infrastructure. The company will change its…
