Solana Treasury Reports $2.5M in Staking Rewards Amid Cash Needs
Despite earning $2.5 million in staking rewards, Solana's treasury had to sell equity to raise $12 million for operational expenses this quarter.
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Despite earning $2.5 million in staking rewards, Solana's treasury had to sell equity to raise $12 million for operational expenses this quarter.
Bitwise has partnered with Superstate to explore the tokenization of its Solana Staking ETF, aiming to enhance transparency and efficiency in asset management.
Bitwise is exploring a partnership with Superstate to tokenize its Solana staking ETF, allowing shares to maintain rights similar to book-entry form.
Multicoin has divested from the $1.65 billion Solana treasury it launched eight months ago, with cash now at $4.5 million and Galaxy loans at $120 million.
Mike Dudas of 6th Man Ventures highlights Solana's potential to support the next wave of mainstream crypto applications, emphasizing its robust infrastructure.
GSR has made Solana its largest allocation, surpassing Bitcoin and Ether, indicating a significant shift in its crypto investment strategy.
The Solana treasury company has shut down its SOL accelerator following a $27 million quarterly loss, prompting significant operational cuts and share issuance.
Thunes' integration of EURC on Solana improves euro liquidity and facilitates cross-border transactions, promoting stablecoin adoption across 140 countries.
SOL Strategies has launched a high availability tool that enhances the resilience of Solana validators, boosting network reliability and trust.
The BAXUS app's debut on the Solana Mobile dApp store aims to improve pricing transparency in the spirits market, benefiting Seeker owners.
A routing failure has caused 29% of staked SOL to go offline, raising concerns about Solana's network stability and the need for better validator incentives.
Strategy's STRC token is now available on Solana, offering decentralized finance yields aimed at 20%, enhancing the platform's DeFi ecosystem.
MoneyGram's Ramps service now supports Solana, allowing users to connect wallets and applications to its global cash network, starting with Rift wallet
Solana's daily transactions hit a record 172 million on August 10, showcasing its scalability and potentially attracting more institutional investment.
Kamino Lend controls nearly half of the tokenized stock deposits on Solana, showcasing the growing intersection of DeFi and traditional finance assets.
MoneyGram has expanded its services on Solana, enabling users to convert digital assets to local currencies through its global network.
Bitwise's BSOL has secured $9 million in inflows for US spot Solana ETFs, underscoring competitive challenges in the market and the need for differentiation.
Solana's uninterrupted uptime for 30 months strengthens its credibility, likely increasing institutional adoption and demand for the SOL token.
Jupiter's new lending feature on Solana aims to enhance yield opportunities for dollar assets, though it introduces notable risks due to high leverage.
Jupiter's new Lend v2 product allows users to earn double on deposits by converting assets into trading liquidity, enhancing potential returns.