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Solana News
Bitcoinist
1w
199
Image Credit: Bitcoinist
Nasdaq-Listed Tech Firm Approves 20% Crypto Allocation as Part of Treasury Strategy
- Aurora Mobile, a Nasdaq-listed tech firm, has approved allocating up to 20% of its cash reserves to digital assets like Bitcoin and Ethereum as part of a new treasury strategy.
- The company aims to optimize its treasury while exploring strategic partnerships and market expansion opportunities with the crypto investment plan.
- Aurora Mobile assures shareholders that the crypto investments won't hinder its operations and are part of a diversified portfolio strategy to stay aligned with technological advancements.
- The move follows a trend of public firms incorporating digital assets into their treasury strategies, potentially signaling broader interest and could influence other tech firms in Asia to diversify through blockchain-based instruments.
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Bitcoinsensus
1w
385
Image Credit: Bitcoinsensus
Solana Hits Make-or-Break Zone at $143 as ETF Buzz and Whale Moves Stir Market
- Solana has surged by 16% since June 22, reaching a pivotal zone at $143 that could determine future price action.
- Despite the recent rally, Solana remains bearish on weekly and monthly timeframes with losses.
- An ETF filing by Invesco and Galaxy Digital, along with whale movements of $1.3 billion in SOL, have influenced Solana's market dynamics.
- Technical analysis suggests that if $143 can turn into support, Solana may revisit $150; otherwise, a drop to $133 could occur.
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Bitcoinsensus
2w
145
Image Credit: Bitcoinsensus
Ninth Solana ETF Bid Filed by Invesco and Galaxy
- Invesco and Galaxy Digital have filed to launch a Solana exchange-traded fund (ETF), becoming the ninth issuer in the race for a U.S.-listed spot SOL ETF.
- The firms registered the “Invesco Galaxy Solana ETF” as a statutory trust in Delaware on June 12, aiming to offer regulated exposure to Solana.
- Invesco, a global investment management firm, and Galaxy Digital, a crypto-native financial services company, have previously collaborated on Bitcoin and Ethereum ETFs and are now extending their partnership to Solana.
- The increasing interest in Solana ETFs is exemplified by various major players, such as Grayscale, VanEck, Bitwise, 21Shares, Canary Capital, Franklin Templeton, and Fidelity, filing for Solana-based ETFs. The SEC is reviewing technical details, and Bloomberg analysts estimate a 90% chance of approval for both Solana and Litecoin ETFs in 2025.
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Bitcoinist
2w
38
Image Credit: Bitcoinist
Solana’s Upexi In Freefall: Insider Sales Lead To Shocking 60% Plummet
- Solana's treasury and consumer brand company, Upexi, plunged by 60% following the filing of a registration statement, enabling investors to sell common shares.
- The filing allows investors to sell their stock, although it doesn't indicate an immediate intent to do so, according to Upexi's CEO, Allan Marshall.
- In contrast, the broader cryptocurrency market rebounded after President Donald Trump announced a ceasefire between Israel and Iran, leading to gains in Bitcoin, XRP, Solana, and Ethereum.
- The cryptocurrency market's positive response is attributed to easing tensions in the Middle East, following earlier escalations triggered by an UN report on Iran's nuclear activities.
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Crypto-News-Flash
2w
60
Image Credit: Crypto-News-Flash
Insider Sale Fears Slam Upexi, Triggers Solana Treasury Stock Drop 62%
- Upexi stock plummeted 62% after fears of insider sales were triggered by a registration filing.
- Solana's treasury strategy faces scrutiny due to Upexi's significant stock price drop.
- The panic was caused by a filing that allowed private investors to sell their shares, although no sales were confirmed.
- The SEC filing enabled investors in Upexi's April PIPE deal to sell common shares or pre-funded warrants, totaling 43.9 million shares.
- Upexi's CEO clarified that the filing did not indicate immediate selling intentions but rather the possibility.
- Despite no confirmed sales, concerns arose that institutional holders might divest their holdings, leading to a sharp decline in stock prices.
- Upexi started accumulating Solana for a treasury strategy following a $100 million capital raise in April 2025.
- While Upexi's stock skyrocketed to $600 million post-fundraising and Solana acquisitions, it dropped to about $148 million after the recent fall.
- Cantor Fitzgerald set a $16 price target for Upexi, endorsing its Solana strategy over Ethereum for long-term growth potential.
- The investment bank considers Solana favored by corporate treasuries due to its speed and low fees, offering a viable alternative to Ethereum.
- Janover Inc., a real estate tech company, also ventured into the Solana space by purchasing 80,567 SOL worth $10.5 million.
- Janover Inc. aims to bolster their digital cash strategy through Solana investments.
- Investment analysts hold a positive outlook on Solana-based treasuries, anticipating better performance compared to Ethereum.
- Solana's appeal lies in its efficient network capabilities and potential for long-term growth in the digital asset landscape.
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Nigeriabitcoincummunity
2w
64
Image Credit: Nigeriabitcoincummunity
Spenda App Review: Convert Crypto to Cash in Secs – No P2P BS!
- Spenda app simplifies converting crypto to cash, avoiding P2P scams and delays.
- Users can instantly convert cryptocurrencies to naira, make utility payments, and use virtual cards.
- Spenda ensures speed, security, and direct bank transfers, enhancing crypto-to-cash experience.
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Blockonomi
2w
167
Image Credit: Blockonomi
Solana Price Eyes Breakout as Bullish Wedge and Fib Confluence Signal Uptrend
- Solana shows signs of a potential breakout with a bullish wedge forming near $144 alongside a 0.618 Fibonacci retracement support.
- Analysts, including Rose Premium Signals, anticipate upside targets at $204, $229, and $258 if the breakout is confirmed.
- A surge in volume and a breakout from the wedge pattern could invalidate the current bearish trend.
- SOL is currently trading near $145 with increasing volume and notable interest at a key demand zone.
- The bounce from the $144 demand zone combined with the Fibonacci level signals a bullish opportunity for traders.
- The descending wedge formation seen in Solana's chart suggests a potential trend reversal.
- An upward breakout from the wedge could lead to a significant price increase as per technical analysis.
- Breaking out of the wedge would indicate a shift towards bullish momentum and potentially new price targets.
- Three key upside targets are identified at $204, $229, and $258 based on historical resistance levels and Fibonacci projections.
- Solana's current price is at $144.90 with a 2.86% increase in 24 hours, though weekly chart shows a 2.53% decline.
- Trading volume has reached $5.39 billion, reflecting growing interest in SOL.
- Traders are advised to closely monitor price movements near resistance levels to capitalize on potential breakout opportunities.
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Crypto-News-Flash
2w
129
Image Credit: Crypto-News-Flash
ETH, SOL, XRP Bounces 7% on Trump’s Claims on Israel-Iran’s Ceasefire
- Cryptocurrency prices surged following Trump's announcement of a ceasefire between Iran and Israel, leading to gains in Bitcoin, Ethereum, Solana, and Ripple (XRP), among others.
- Bitcoin reached $105,000, Ethereum surpassed $2,400, and memecoins like Dogecoin, Shiba Inu, and PEPE, along with AI tokens, experienced double-digit increases.
- Trump's announcement of a complete ceasefire was confirmed via his Truth Social account, with markets reacting positively to the news as a reduction in geopolitical risk.
- The market sentiment shifted, with Bitcoin bouncing from a low of $98,000 to over $105,000, and other major tokens such as Ethereum, Solana, and Ripple (XRP) also rising by over 7%.
- Memecoins like Dogecoin, Shiba Inu, and PEPE surged following the ceasefire, while AI-related tokens saw strong double-digit rebounds, signaling increased investor confidence.
- Market experts anticipate normalization as the market moves past the recent geopolitical tensions, with Ethereum facing resistance levels at $2,440, $2,460, and a major level at $2,500.
- Solana experienced a strong rebound, trading at $144.51 with key support at $138.18, and resistance levels at $146 and potential targets at $150 and $155 if bullish momentum sustains.
- XRP maintained levels above $2.17, facing resistance at $2.18 and $2.20, with potential price targets at $2.25 and $2.30 upon breaking these levels.
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Coinjournal
2w
405
Image Credit: Coinjournal
Solana price surges 8% as Bitcoin and Ethereum rally on Israel-Iran ceasefire hopes
- Solana's price surged 8% to over $145 as a ceasefire between Israel and Iran was announced by US President Donald Trump.
- Bitcoin surpassed $106,000 and Ethereum broke above $2,400 in response to the positive news.
- The ceasefire eased geopolitical tensions, leading to a market rally in major cryptocurrencies.
- The surge in Solana (SOL), Bitcoin (BTC), and Ethereum (ETH) prices was a result of the peace agreement.
- Analysts are optimistic about Solana's price potential, with targets of $150 and possibly $200 if momentum continues.
- Uncertainties around geopolitical risks, like the potential of 400 kilograms of uranium in Iran, could impact market stability.
- Technical indicators suggest resistance at $175 and support at $125 for Solana.
- Solana's sensitivity to macroeconomic developments and market confidence was reflected in the price movement.
- Market reaction was swift following Trump's announcement on Truth Social about the ceasefire.
- The rally in Solana's price was part of a broader positive market sentiment, with stocks and oil prices responding favorably.
- The ceasefire announcement followed intense diplomatic efforts, leading to restored market optimism.
- If the truce holds, altcoins like Solana are expected to rally strongly.
- Investors are monitoring for any violations of the ceasefire or renewed tensions that could cause market volatility.
- Solana's rally was driven by bullish market sentiment and could face both support and resistance levels based on technical analysis.
- Overall, Solana's price surge was a reaction to the announcement of the Israel-Iran ceasefire, along with positive market indicators.
- The article speculates on potential price targets for Solana and highlights the ongoing geopolitical uncertainties that could impact cryptocurrency markets.
- The future price movement of Solana will be determined by how geopolitical events unfold and market sentiment evolves.
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24 Likes
Medium
2w
245
Image Credit: Medium
The Third Council of Peace Assembly (COPA) Is Coming
- The Third Council of Peace Assembly (COPA) is a significant event taking place at a crucial time in the galaxy.
- Captains and communities gather to shape the future through cooperation, strategy, and unity amidst growing factional ambitions.
- DACs (Decentralized Autonomous Companies) will be evaluated by judges based on tangible impact, with winners receiving prestigious properties in faction Central Space Stations.
- All DACs presenting high-quality pitches will receive support from the Star Atlas team.
- COPA celebrates the Star Atlas community's creativity and determination, offering opportunities for both veteran commanders and newcomers.
- Registration for COPA is currently open for DACs to prepare their presentations.
- Star Atlas allows players to explore space, build fleets, mine resources, and engage in an economy controlled by the community.
- Interested individuals can learn more about Star Atlas through their website and marketplace.
- The Star Atlas Unreal Engine game is available for download on the Epic Games Store, and players can join the community through various platforms like Discord and Twitter.
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Pymnts
2w
86
Image Credit: Pymnts
Kraken Launches Blockchain Partnership With DeFi Development
- Decentralized finance company DeFi Development has partnered with Kraken.
- The collaboration involves listing tokenized stock of DeFi Development's publicly traded equity on the Solana blockchain as part of Kraken's xStocks platform.
- The tokenized representation of DeFi Dev Corp. will trade under the symbol DFDVx.
- This partnership merges traditional capital markets with the Solana ecosystem, allowing for onchain access to the Company's equity.
- DFDVx being live onchain enables developers, institutions, and DeFi protocols to create new financial products.
- DeFi Dev Corp CEO views tokenizing stock as a DeFi building block for innovation.
- Kraken's xStocks general manager highlighted the demand for onchain access to US equities like DFDV.
- The tokenization of DFDV's shares occurs amidst increasing demand for real-world assets on Solana.
- Real-world assets offer CFOs opportunities in liquidity management, yield generation, and collateralization strategies.
- Kraken aims to offer DFDVx on its exchange.
- The partnership signifies a milestone in merging traditional finance with blockchain.
- The integration of DFDV's equity into the Solana ecosystem enables new financial possibilities.
- RWAs are based on real-world value and can enhance liquidity management for CFOs and treasurers.
- Demand for onchain access to tokenized equity like DFDVx is growing within the crypto community.
- The partnership marks a significant step in tokenizing equity for onchain finance innovations.
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Pymnts
2w
142
Image Credit: Pymnts
Fiserv Introduces Stablecoin as Part of New Digital Asset Platform
- Fiserv, a payments and financial services technology provider, is launching a digital asset platform that includes a new stablecoin called FIUSD.
- The stablecoin will be integrated into Fiserv's banking and payments infrastructure by the end of the year to help regional and community bank clients embrace stablecoins in traditional finance.
- FIUSD aims to provide more efficient and interoperable digital asset services for banking and payment flows.
- The stablecoin will be offered across Fiserv's network of around 10,000 financial institutions and 6 million merchant locations worldwide to create a digital asset network for building new products and services.
- Fiserv plans to use stablecoin infrastructure from Paxos and Circle and make it interoperable with various stablecoins, accessible through the Solana blockchain.
- The company is exploring the use of deposit tokens for maintaining stablecoin benefits in a more capital-friendly structure for banks.
- Fiserv Chief Operating Officer mentioned that this initiative will democratize access in the stablecoin market, providing clients with efficiency and optionality to thrive in the evolving banking and payments ecosystem.
- The growing acceptance of stablecoins is evident, with retailers like Walmart and Amazon showing interest in launching their coins.
- Major banks like J.P. Morgan Chase, Bank of America, Wells Fargo, and Citigroup are reportedly considering launching a jointly operated stablecoin.
- Retailers and banks are exploring stablecoins to leverage blockchain-based currencies pegged to fiat money, aimed at reducing transaction fees and accelerating settlement times.
- Stablecoins are seen as promising solutions that combine blockchain transaction efficiency and fiat currency stability.
- Fiserv's stablecoin introduction aligns with the industry trend of increasing stablecoin adoption in the financial sector.
- The move aims at enhancing payment and asset services for clients through digital asset innovation.
- The adoption of stablecoins could revolutionize payment processing and settlement in the banking and retail sectors.
- The announcement reflects Fiserv's commitment to leveraging emerging technologies to meet the evolving needs of its clients.
- The initiative underscores the importance of stablecoin infrastructure and interoperability in enabling enhanced payment solutions in the financial industry.
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TronWeekly
2w
401
Image Credit: TronWeekly
Crypto Inflows Hit $15.1B YTD: But $701M Liquidated After Iran Strike
- Crypto investment products attracted $1.24B last week, with 10 straight weeks of inflows.
- A U.S.-Iran conflict led to $701M in crypto liquidations, mainly on long positions.
- Bitcoin and Ethereum remained popular despite market volatility.
- Investment products saw their tenth week of inflows, totaling $15.1 billion YTD.
- Bitcoin attracted $1.1B, showing investors buy during corrections.
- Ethereum had its ninth consecutive week of inflows, reaching $2.2 billion in total.
- Altcoins like XRP and Solana also saw inflows, indicating growing interest beyond Bitcoin and Ethereum.
- Geopolitical tensions caused $701M in crypto liquidations, impacting market capitalization.
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24 Likes
TronWeekly
2w
159
Image Credit: TronWeekly
Solana Price Eyes Crash to $105 Before Targeting $260 Rally
- Analysts predict Solana's price may drop to $105 before rebounding to $260.
- Solana is at a critical technical point, with a bear trap scenario predicted by some analysts.
- $105 is seen as a crucial support level, while a support zone exists between $135 and $140.
- Analyst 'Man of Bitcoin' sees a corrective ABC pattern with support levels at $122.77 and $109.84.
- A break below $130 could confirm a deeper correction towards $105, supported by a weak MACD.
- Momentum indicators show mixed signals, with RSI nearing oversold levels and potential buyer re-entry indicated in shorter timeframes.
- Whales are accumulating below $140 while retail traders remain cautious.
- Analyst BitGuru suggests a potential W-pattern breakout, targeting $156 as an initial level.
- Solana's path to $200 and $260 could be validated by a break above $150.
- A breakdown below $139.55 could lead to a deeper drop towards $105.
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TronWeekly
2w
293
Image Credit: TronWeekly
Crypto Market Shakes as Kiyosaki Predicts Global Debt Collapse
- Crypto market experienced a downturn over the weekend due to global tensions, inflation fears, and debt concerns, leading to a widespread selloff.
- Bitcoin dropped below $99,000, along with other major altcoins like Ethereum, Solana, XRP, and Dogecoin posting significant losses.
- The market sentiment remained cautious as investors navigated increasing uncertainty, despite a slight recovery in prices by Sunday.
- Renewed geopolitical tensions, including a US strike on Iranian targets, heightened market nervousness alongside inflation and debt worries.
- Robert Kiyosaki warned of an impending historic debt collapse, advising a shift to gold, silver, and Bitcoin over fiat currencies.
- Kiyosaki emphasized the necessity of owning tangible assets like gold, silver, and Bitcoin in preparation for the looming economic instability.
- He believes the current economic situation mirrors scenarios outlined in his book 'Rich Dad’s Prophecy,' predicting a major financial crisis fueled by excessive debt.
- Kiyosaki sees silver as the most attractive investment currently, projecting potential for it to double in value by the end of the year.
- He views gold and Bitcoin as relatively expensive at present and plans to increase holdings in those assets after anticipated price drops.
- While some critics label Kiyosaki's warnings as alarmist, others emphasize the importance of diversifying away from fiat currencies amid growing economic uncertainties.
- As global markets face heightened uncertainty, Kiyosaki's advice to reconsider where wealth is stored is gaining traction, prompting investors to evaluate safer assets.
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