PANews reported on September 12th that according to SolanaFloor monitoring, Galaxy Digital has purchased a total of 1.81 million SOL tokens, worth $432 million, over the past 24 hours. These tokens were purchased to fund Forward Industries' $1.65 billion Solana treasury. To date, only 26% of the funds raised have been deployed, leaving the remaining 74% unspent.



While Silicon Valley dominates Web2, emerging markets like the UAE and Singapore lead DePIN adoption with better regulations and real infrastructure needs. Opinion by: Yanal M. Hammouda, head of market expansion at WingbitThe decentralized physical infrastructure network (DePIN) sector saw $150 million of capital flow during Q1 2025, with a projected market size of $3.5 trillion by 2028. Yet the most significant development isn’t the capital raised but where these networks operate. Emerging markets like the Middle East, Southeast Asia and South America — rather than Silicon Valley — are driving the future of DePIN adoption. Read more