Gemini launches Solana credit card with SOL token rewards and staking https://t.co/iCLPDf7fCD ...

RT Grayscale (@Grayscale)1/ @solana is a central part of the crypto ecosystem, but many mainstream investors are only just starting to learn about the network and its $SOL token. Get up to speed with the latest report from our research team.🧵⬇ ...

Core Viewpoint - Flora Growth is transforming from a cannabis company to a player in the blockchain and AI sectors, announcing a $401 million treasury initiative to support the Zero Gravity (0G) blockchain project [1][4]. Financial Details - The deal consists of $35 million in cash and $366 million in digital assets, primarily in 0G tokens, with participation from various firms including DeFi Development Corp. and Hexstone Capital [2][3]. - Flora Growth's treasury will also include Solana (SOL) tokens, enhancing its connection to the Solana ecosystem [2]. Strategic Implications - The incoming CEO described the treasury move as a means to provide institutional investors with equity-based exposure to a transparent and privacy-first AI infrastructure [6]. - The pivot to blockchain and AI reflects a broader trend of companies in struggling industries rebranding to attract capital [13]. Market Reaction - Following the announcement, Flora Growth's shares surged 69% in after-hours trading, reversing a year-to-date decline of 32%, indicating strong investor interest in crypto-AI narratives [8]. Technological Aspirations - Zero Gravity Labs claims to have developed a distributed AI training technology that has achieved a 357x efficiency gain over traditional frameworks, positioning it competitively against major tech firms [5]. Future Prospects - The 0G Foundation plans to airdrop tokens to early supporters, with a projected fully diluted valuation of about $3 billion at a $3 token price, aligning it with other notable projects [7]. - The success of Flora Growth's pivot will depend on the real-world performance of 0G's AI technology and the anticipated exchange listings [12][14].

Solana treasury company Upexi enters into $500 million line of credit agreement to fund additional SOL token buys https://t.co/U4RC9jEqA1 ...