Solana News

TLDR Sharps Soars 40% on $400M Solana-Backed Treasury Play, Dips After-Hours Sharps Unveils $400M SOL Strategy, Stock Rockets Before Cooling Off Sharps Bets Big on Solana: $400M PIPE Fuels 40% Stock Surge SOL Surge: Sharps to Build $400M Treasury With Solana as Core Asset Sharps Rallies on Solana Treasury Pivot, Eyes Long-Term Crypto Returns Sharps [...] The post Sharps Technology (STSS) Stock: Surges 40% as It Unveils $400M Solana-Focused Digital Asset Treasury appeared first on CoinCentral.

TLDR Sharps Soars 40% on $400M Solana-Backed Treasury Play, Dips After-Hours Sharps Unveils $400M SOL Strategy, Stock Rockets Before Cooling Off Sharps Bets Big on Solana: $400M PIPE Fuels 40% Stock Surge SOL Surge: Sharps to Build $400M Treasury With Solana as Core Asset Sharps Rallies on Solana Treasury Pivot, Eyes Long-Term Crypto Returns Sharps [...] The post Sharps Technology Stock: Surges 40% as It Unveils $400M Solana-Focused Digital Asset Treasury appeared first on CoinCentral.

Detail: https://coincu.com/news/sharps-technology-sol-treasury-fundraise/

The post Corporations Gather SOL, Eyeing Substantial Gains appeared on BitcoinEthereumNews.com. In recent times, a novel approach has taken root within the cryptocurrency sector, initially set in motion years back by Michael Saylor’s Bitcoin procurement strategy. This wave now sees various enterprises expanding their portfolios with altcoin reserves, running parallel with Bitcoin holdings. Continue Reading:Corporations Gather SOL, Eyeing Substantial Gains Source: https://en.bitcoinhaber.net/corporations-gather-sol-eyeing-substantial-gains

The post Solana-based Jakpot Games launches pay-to-play arcade appeared on BitcoinEthereumNews.com. This is a segment from The Drop newsletter. To read full editions, subscribe. Crypto gaming has seen plenty of multimillion-dollar raises, but in many cases, that funding and hype hasn’t amounted to much. It’s not a guarantee of future success, by any means.  Funding in the crypto gaming sector is also down 93% year-over-year, meaning there isn’t as much of an appetite for funding large dev teams or splashy marketing budgets right now. But builders are still finding ways to ship projects with lean teams, turning visions from the GameFi trenches into reality. Jakpot Games, which is building out its Solana-based site with just three people in its core team, is one of those projects. Their arcade-like platform launched last week, letting players spend the platform’s JAKPOT token to try their hand at getting a high score in one of a few different browser-based games.  Rex Runner and Speed Racer, which both involve speeding through pixelated environments, are the two titles currently on offer.  Currently, each Jakpot tournament has a countdown — meaning players have anywhere from 12-24 hours to try to reach the top of a game’s leaderboard in order to win some tokens. Users connect to the site via crypto wallet tool Privy, and buy the platform’s token using SOL. 85% of every pot is split among the top scorers. 10% goes to the team’s vault for marketing and development, and 5% rolls over into the next round’s pot, Jakpot cofounder Gannon Breslin, who previously authored The Drop, explained to me in an interview.  Like many gaming upstarts, Jakpot has already had to fend off an onslaught of cheaters who sought to unfairly exploit the platform for financial gain. “They cheated in ways we didn’t even imagine possible,” Breslin said, adding that continuously monitoring and expanding upon their…

The post Galaxy, Jump, Multicoin Pursue $1 Billion Solana Treasury appeared on BitcoinEthereumNews.com. Galaxy Digital Holdings Ltd., Multicoin Capital and Jump Crypto are in talks with potential backers to raise roughly $1 billion for a vehicle that will accumulate Solana’s SOL token, Bloomberg reported, citing people familiar with the negotiations. The planned raise would create the largest single treasury devoted to the cryptocurrency. Cantor Fitzgerald LP has been hired as lead banker, and the firms are considering acquiring an existing publicly listed company that would serve as the holding vehicle for the SOL reserves, according to the report. The transaction is aiming to close in early September, though the structure and timing could still shift. The initiative has the support of the Solana Foundation and highlights increasing institutional interest in Solana, which this year accounted for about 48 percent of decentralized-exchange trading volume. If completed, the move would echo corporate-treasury strategies popularized by MicroStrategy’s large-scale bitcoin purchases, offering equity investors indirect exposure to SOL. This is an AI-generated article powered by DeepNewz, curated by The Defiant. For more information, including article sources, visit DeepNewz. Source: https://thedefiant.io/news/blockchains/galaxy-jump-multicoin-pursue-1-billion-solana-treasury-df744460

The post Crypto Titans Galaxy, Jump, And Multicoin Seek $1 Billion To Create Largest Solana Treasury ⋆ ZyCrypto appeared on BitcoinEthereumNews.com. Advertisement &nbsp &nbsp Bloomberg reported Monday that Galaxy Digital, Multicoin Capital, and Jump Crypto are in talks to raise $1 billion from investors to create a treasury dedicated to Solana (SOL), adding momentum to the network’s recovery post-FTX failure. Galaxy, Multicoin, Jump To Raise $1 Billion In SOL Buying Power According to individuals privy to the matter, the three crypto companies have joined hands and have tapped Cantor Fitzgerald as the lead banker for the transaction. The plan reportedly involves buying a publicly listed firm and turning it into a digital asset treasury company centered on SOL, where the deal is expected to close in early September.  Solana is currently the industry’s sixth-largest cryptocurrency with a $106.4 billion market capitalization. SOL was trading hands at $197.28 at publication time, up 8.1% in the last seven days, according to CoinGecko data. Solana has staged an impressive comeback as a favored blockchain for meme coin issuers since FTX’s dramatic implosion in 2022. Bloomberg revealed that the Solana Foundation, the nonprofit dedicated to the growth of the blockchain network, supports the efforts of the three companies and endorses the treasury move.  Advertisement &nbsp A string of companies is increasingly exploring establishing corporate crypto treasuries following the success of Michael Saylor’s strategy. While most of these holdings are concentrated in Bitcoin and Ethereum, a growing number of companies are diversifying into other altcoins, including Solana, BNB, and Ripple’s XRP. So far, Upexi, Defi Development, and Toronto-listed SOL Strategies have stood out as the biggest Solana treasury entities, with Arthur Hayes-backed Upexi leading with over 2 million SOL worth around $400 million at current prices.  A combined $1 billion Solana stash by Galaxy, Jump, and Multicoin would be more than twice the size of the biggest existing Solana reserve. In other words, if…

The post Solana volume spikes 70%: How SOL could outperform Ethereum in September 2025 appeared on BitcoinEthereumNews.com. Key takeaways Solana is gaining serious momentum, with trading volumes and Open Interest rising sharply. Market conditions remain healthy, and talk of a Solana ETF is adding fuel to the fire. September could be critical. Solana [SOL] is back in the spotlight. DEX trading volumes on the network have surged, a clear sign that momentum and activity are heating up fast. With Ethereum [ETH] still holding the top spot but showing slower growth, the big question for September is simple: can SOL keep this pace and actually outshine ETH? Solana outpaces Ethereum as ETF hype builds Solana’s daily DEX volume hit $7.93 billion, nearly doubling Ethereum’s $4.03 billion, with SOL posting an 8% weekly gain while ETH volumes slipped almost 13%. Source: DeFiLlama Over the past 30 days, Ethereum still holds the lead at $135.6 billion versus Solana’s $109.6 billion, but the gap is narrowing fast. Source: DeFiLlama What could tilt the scales further is the growing speculation around a Solana ETF. Polymarket now places approval odds at 99%, fueling optimism that institutional demand could accelerate SOL’s momentum. If approved, the ETF could become a powerful catalyst, putting Solana in a stronger position to challenge Ethereum’s dominance in September. SOL holds strong despite pullback Looking at the charts, Solana has managed to stay well in the green this month, still up more than 12% over the past 30 days. Ethereum, meanwhile, is up a bigger 24%, but the difference isn’t as wide as it once was. SOL saw a sharp rally mid-August before cooling off, while ETH has followed a similar path with slightly stronger upside. Source: TradingView Even with the dip in the latest session, Solana’s price trend showed resilience, especially with solid trading activity backing it. The real test now is whether SOL can sustain this momentum into…

The post Solana stocks keep falling as Wall Street pitches another $1B appeared on BitcoinEthereumNews.com. Leaders of the crypto industry want to raise another $1 billion to sell even more solana (SOL) treasury stock, despite a terrible track record of delivering returns to shareholders. Jump Crypto, Galaxy Digital, Multicoin Capital, and Cantor Fitzgerald have secured an endorsement from the Solana Foundation to work on a share sale using the largest quantity of SOL on any public company’s balance sheet. If the deal finalizes, their new public company would outrank the largest publicly traded SOL treasury, Upexi. The arc of Upexi’s stock is similar to the stock of all other major SOL treasury companies: down. On April 21, in the midst of a springtime mania, investors valued Upexi at 10.4x more than the SOL on Upexi’s balance sheet. By July 24, that premium had declined 90%. As of publication time, Upexi remains 65% off its high for this year.  Nor has its pivot into SOL fixed any of its long-term struggles. Over the last five years, Upexi’s stock has declined 92%. A terrible year for Solana treasury stocks As Upexi declined in price this year, another dealmaker called off plans to launch a SOL treasury company. Joe McCann’s Solana Digital Asset Treasury canceled plans for its $1.5 billion SPAC deal following backlash over the underperformance of its Asymmetric Financial fund. Undeterred, Jump Crypto, Galaxy Digital, and Multicoin Capital are now returning to capital markets to try to drum up enthusiasm. They hope to raise three times more SOL than Upexi and top the leaderboard. Galaxy Trading, one of the parties behind the deal, previously raised over $600 million for a SOL fund that purchased assets from the FTX bankruptcy estate sale.  Read more: Largest Solana treasury company falls below 1X mNAV Unfortunately, almost every SOL treasury company has declined once the first few exuberant days of…

The post Uniswap Drops 11.3%, Leading Index Lower from Friday appeared on BitcoinEthereumNews.com. CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index. The CoinDesk 20 is currently trading at 4114.26, down 4.4% (-188.51) since 4 p.m. ET on Friday. None of the 20 assets are trading higher. Leaders: SOL (-0.3%) and AAVE (-2.9%). Laggards: UNI (-11.3%) and FIL (-10.6%). The CoinDesk 20 is a broad-based index traded on multiple platforms in several regions globally. Source: https://www.coindesk.com/coindesk-indices/2025/08/25/coindesk-20-performance-update-uniswap-drops-11-3-leading-index-lower-from-friday