Companies accelerate SOL accumulation amid rising institutional demand Corporate treasuries holding Solana (SOL) have surged past $4 billion, signaling a new wave of institutional accumulation in the blockchain ecosystem. According to Strategic Solana Reserve data released Tuesday, companies now hold 17.11 million SOL tokens, valued at roughly $4.03 billion. This represents nearly 3% of Solana’s circulating supply of over 600 million tokens. Major Players Lead the SOL Accumulation The largest corporate holder is Forward Industries, which controls more than 6.8 million SOL worth $1.61 billion. Other notable firms, including Sharps Technology, DeFi Development Corp., and Upexi, each maintain positions of…
Author: Blockto Team
Switzerland has taken a major step in merging traditional banking with blockchain technology. UBS, Sygnum Bank, and PostFinance successfully executed the first legally binding interbank payment on a public blockchain, according to the Swiss Bankers Association (SBA). A Historic Proof of Concept The project, conducted under the Swiss Bankers Association (SBA), tested blockchain-based deposit tokens and smart contracts for institutional payments and bank deposits. The test featured two real-world use cases: This marks the first time Swiss banks completed a legally binding payment using blockchain technology for interbank settlement. Why It Matters The SBA highlighted that the system’s smart contracts…
AVAX Eyes Breakout While Consolidating Above Support Levels Avalanche (AVAX/USDT) is trading near $30.44, consolidating after a strong rally that lifted prices from the mid-$20 zone. The cryptocurrency is now pressing against a trendline resistance while maintaining support from lower levels, signaling that traders are closely watching for a decisive breakout. On the 4-hour chart, AVAX has respected its ascending trendline, with each higher low reinforcing bullish sentiment. The move above the $27 resistance area earlier this month marked a turning point, allowing buyers to push the price back toward the $30–$31 range. BITX Market analysts believe the structure suggests…
Standard Chartered’s venture arm, SC Ventures, is preparing to launch a $250 million cryptocurrency investment fund by 2026, signaling a fresh wave of institutional interest in the digital asset space. Backed by Middle Eastern investors, the fund aims to capture global opportunities in blockchain and digital finance. According to Bloomberg, SC Ventures plans to raise $250 million in capital to deploy into a wide range of digital asset-focused opportunities. The fund will specifically target investments across the financial services sector, aligning with the growing demand for blockchain-powered solutions. Operating partner Gautam Jain revealed that the initiative is scheduled to launch…
Regulators question harmonized framework as national tensions rise France’s financial regulator has signaled that it may attempt to block cryptocurrency firms from operating in the country under licenses granted in other European Union (EU) member states, raising questions about the strength of the bloc’s new Markets in Crypto-Assets Regulation (MiCA). Passporting Under Pressure The Autorité des Marchés Financiers (AMF) expressed concern that some crypto companies could exploit regulatory loopholes by seeking approval in countries with more lenient frameworks, then using passporting rights to operate across the EU. MiCA, which came into effect for crypto-asset service providers less than a year…
Crypto Finance, a subsidiary of Deutsche Börse Group, has launched “AnchorNote,” an off-exchange settlement solution designed to improve capital efficiency and trading flexibility for institutional investors. The new service allows clients to trade across multiple platforms without moving assets out of secure custody, addressing one of the biggest pain points for institutional crypto trading. AnchorNote Bridges Custody and Capital Efficiency The AnchorNote product enables institutions to settle trades off-exchange while keeping assets safely within custody. According to the announcement, the system helps traders pledge collateral, move it quickly across venues, and even earn yields within a compliant and risk-controlled framework.…
Subhead: Stronger-than-expected sales point to robust demand despite inflation and higher borrowing costs U.S. Core Retail Sales rose by 0.6% month-over-month in August, beating market forecasts of 0.4% and improving from 0.3% in July. The stronger reading highlights that consumer spending remains resilient, even as households face persistent inflation and elevated interest rates. Meanwhile, headline Retail Sales, which include autos, climbed by 0.3%, slightly above the 0.2% forecast but down from the prior 0.5% gain in July. This softer headline suggests that while overall consumer activity remains positive, certain sectors may be cooling. “The beat in core retail sales reinforces…
Fed rate cuts and liquidity conditions may fuel major crypto rally Bitcoin and Ether could see a powerful rally in the final quarter of this year, according to Fundstrat co-founder and BitMine chairman Tom Lee. Speaking on CNBC, Lee said that easing monetary policy and improving global liquidity could set the stage for what he called a “monster move” in the next three months. Fed rate cuts as catalyst Lee highlighted that the Federal Reserve is expected to cut interest rates for the first time this year, a move he believes will provide a significant boost to risk assets like…
The memecoin market is once again stealing the spotlight. Solana-based launchpad Pump.fun recorded over $1 billion in daily trading volume on Monday, marking a major milestone for the rapidly growing platform. This surge reflects the renewed enthusiasm across the broader memecoin ecosystem, which has seen its market capitalization soar in September. Pump.fun Hits $1B in Daily Volume According to data from decentralized exchange (DEX) Jupiter, Pump.fun processed $942 million in trading volume on Sunday, followed by a record-breaking $1.02 billion on Monday. The spike came as the memecoin sector’s total market capitalization climbed to $83 billion, its highest point in…
Exchange says stablecoins strengthen the dollar globally, not weaken US banking Coinbase has pushed back against growing concerns that stablecoins are draining deposits from US banks, calling the idea of “deposit erosion” a myth. In a blog post published Tuesday, the exchange argued that there is no evidence linking stablecoin adoption to deposit outflows at community banks. Instead, Coinbase said stablecoins function primarily as payment tools, not as substitutes for savings accounts. “Stablecoins don’t threaten lending — they offer a competitive alternative to banks’ $187 billion annual swipe-fee windfall,” the company wrote. It added that someone using stablecoins to pay…
