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Forward Industries Unveils Solana Validator, Delegates Entire $1.5B SOL Stash to It
Yahoo Finance· 2025-10-08 12:16
Core Insights - Forward Industries (FORD) has launched a validator node on the Solana blockchain, delegating its entire 6.8 million SOL holdings, valued at approximately $1.5 billion, to this node [1][4] - The validator is built on DoubleZero, a global network aimed at enhancing blockchain performance, allowing investors to delegate stake to Forward at no cost [1][3] - Forward's validator is anticipated to rank among the top 10 on the Solana network by stake, with plans for future validators to operate exclusively on DoubleZero [3] Financial Developments - The launch of the validator follows a $1.65 billion private investment round, positioning Forward as the company with the largest Solana treasury among publicly traded firms [4] - DeFi Development Corp (DFDV) is noted as the second-largest publicly traded SOL treasury firm, holding approximately 2.09 million tokens [4] - Forward Industries has initiated a $4 billion at-the-market (ATM) equity program to enhance its holdings and operational capabilities [4] Market Reaction - Following the announcement, Forward Industries' shares experienced a 7% decline on Tuesday but rebounded to trade over 4% higher at $24.67 during early Wednesday trading [5]
X @Blockchain.com
Blockchain.com· 2025-10-08 12:00
But which alts will be the biggest? Drop the ticker👇@ysiu https://t.co/I0zP1dd0wd ...
Solana Pulls $2.85B in Annual Revenue, Outpacing Ethereum’s Early Growth by 30x
Yahoo Finance· 2025-10-08 11:21
Core Insights - Solana has achieved $2.85 billion in annual revenue, establishing itself as the fastest-growing blockchain of the year according to a report from 21Shares [1][9] Revenue Breakdown - Trading platforms contributed $1.12 billion, approximately 39% of Solana's total revenue [3][9] - Monthly revenue averaged around $240 million between October 2024 and September 2025, peaking at $616 million in January during the memecoin frenzy [4][9] Performance Comparison - Solana's revenue growth exceeds Ethereum's early trajectory by over 30 times, with Solana generating between $200 million and $250 million consistently five years post-launch, compared to Ethereum's under $10 million per month [5][6] Network Activity - Solana supports over 1.2 to 1.5 million daily active addresses, roughly three times Ethereum's early user base, attributed to its low-cost, high-throughput design [6] Institutional Adoption - Nearly $4 billion worth of SOL is held by 18 tracked entities, including Forward Industries and Sharps Technology, indicating growing institutional interest [7] - Nasdaq-listed Brera Holdings has rebranded to Solmate after raising $300 million to focus on Solana treasury and infrastructure [7] Market Speculation - There is increasing speculation regarding the potential approval of spot Solana ETFs, with applications from firms like Fidelity and Grayscale pending SEC decisions [8] - Traders on prediction market Polymarket show 99% confidence that a Solana ETF will be approved before the end of the year [8]
Crypto Firms’ Rush to Launch Stock-Linked Tokens Raises Alarm Bells Among Regulators
Yahoo Finance· 2025-10-08 08:05
Core Insights - A surge in crypto firms is leading to the issuance of tokens linked to real-world stocks, raising regulatory concerns about hidden risks for investors [1][4][8] Group 1: Market Dynamics - The market for retail-focused tokenized public stocks has grown to $412 million, a significant increase from just a few million last year [4] - Major companies like Robinhood, Gemini, and Kraken are at the forefront of launching tokenized stock trading, with efforts in both Europe and the U.S. [3][8] - The tokenization of real-world assets (RWAs) could potentially unlock a $400 trillion market in traditional finance, according to research by Animoca Brands [7] Group 2: Regulatory Concerns - Regulators and Wall Street firms, including Citadel Securities, are advocating for tighter oversight of tokenization, citing risks of draining liquidity from public markets [6] - Many tokenized instruments lack the legal protections associated with traditional shares, such as ownership and voting rights, which raises concerns about counterparty risks [4][5][8] Group 3: Technological Advancements - Proponents argue that tokenization can enhance stock trading efficiency by enabling 24/7 trading and instant settlement [3][6] - Supporters of regulated tokenization, like Kraken and Ondo Finance, claim it can improve transparency and investor protection in traditional markets [6][8]
X @Chainlink
Chainlink· 2025-10-08 07:53
Collaboration & Technology - OpenEden is collaborating with Plume Network and Chainlink to set new standards for compliant tokenized RWAs [1] - The collaboration aims to enable USDO as the first bridged asset natively deployed on Plume's RWA blockchain [1] - Chainlink's CCIP powers the bridging of USDO [1] RWA & Tokenization - The initiative focuses on bringing real-world assets (RWAs) on-chain [1] - The project emphasizes compliant tokenized RWAs [1]
X @BNB Chain
BNB Chain· 2025-10-08 05:32
https://t.co/ywCx5fgmFyBNB Chain 華語 (@BNBCHAINZH):https://t.co/NstTbazZdP ...
X @Xeer
Xeer· 2025-10-08 05:30
the moment when the chinese (bsc) trenches merge with korean (upbit) retail: https://t.co/pOJCs6tQwe ...
X @BNB Chain
BNB Chain· 2025-10-08 05:09
RT BNB Chain 華語 (@BNBCHAINZH)https://t.co/NstTbazZdP ...
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X @CryptoJack
CryptoJack· 2025-10-08 00:00
#AI + #Blockchain = the most powerful duo of the decade. 🤖 ...