Solana (SOL)
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DeFi Development Corp. Announces Investment in Apyx, The First Dividend-Backed Stablecoin (DBS) Protocol
Globenewswire· 2026-02-26 13:30
BOCA RATON, FL, Feb. 26, 2026 (GLOBE NEWSWIRE) -- DeFi Development Corp. (Nasdaq: DFDV) (the “Company”), the first public company with a treasury strategy designed to accumulate and compound Solana (“SOL”), today announced a strategic investment in Apyx, a Dividend-Backed Stablecoin (DBS) protocol. DFDV participated as the first institutional capital in the project, establishing an early position in the emerging DBS category. Apyx is designed to source yield from preferred equity issued by Digital Asset Tre ...
Solana Company (NASDAQ: HSDT) Announces Plan for the Pacific Backbone, a High-Speed Infrastructure Buildout for Solana
Globenewswire· 2026-02-23 14:00
Deployment to be focused on Asia-Pacific region to capitalize on fast-growing wealth accumulation, cross-border payments, and institutional adoption of digital assetsExpansion planned to enable Solana Company to capture more value by eliminating external costs and providing compliant infrastructure for regulated institutionsStrategic buildout designed to address needs of market makers, high-frequency traders, exchanges, and traditional finance partners across the Solana ecosystem NEWTOWN, Pa., Feb. 23, 2026 ...
Why Is SOL Down Today? Solana Falls Below $82 After Hawkish Fed Signals
Yahoo Finance· 2026-02-19 08:34
Solana (SOL) has officially slipped below the psychological $82 mark. It dropped over 3.6% in the last 24 hours, and the primary culprit is the Federal Reserve. When the Fed signals a “hawkish” stance, markets tend to shudder. They aren’t ready to lower interest rates just yet. At the time of writing, SOL is hovering around $81.1 as it tests technical support levels that could determine whether it stabilizes or extends a brutal 45% correction from its January peak near $250. The asset now sits 67% belo ...
DeFi Development Corp. Provides SPS Guidance Update
Globenewswire· 2026-02-17 21:15
BOCA RATON, FL, Feb. 17, 2026 (GLOBE NEWSWIRE) -- DeFi Development Corp. (Nasdaq: DFDV) (the “Company”), the first US public company with a treasury strategy built to accumulate and compound Solana (“SOL”), today provided an update to its SOL per Share (“SPS”) guidance. The Company’s SPS guidance for June 2026 is now 0.085, compared to prior guidance of 0.1650. The Company’s long-term target of 1.0 SPS by December 2028 remains unchanged. The Company will provide additional detail, including underlying assum ...
Gold, XRP extend losses on Presidents’ Day
Yahoo Finance· 2026-02-16 16:54
Market Closure - The U.S. stock market will be closed on February 16 in observance of Presidents' Day, with both the New York Stock Exchange and Nasdaq suspending trading on that day [1] Cryptocurrency Market - Bitcoin (BTC) continues its decline, losing 0.3% over the last 24 hours to trade at $69,190.68 [2] - Ethereum (ETH) fell 1% in the same period, trading at $1,997.23 [2] - XRP decreased nearly 2% to $1.5, while Solana (SOL) also dropped 2% to $86.04 [3] - The total cryptocurrency market capitalization is reported at $2.44 trillion [3] Precious Metals - Precious metals experienced declines, with gold falling 0.93% to $4,994.51 per ounce and silver decreasing 0.68% to $76.88 per ounce [3]
Crypto Investment Funds See Month of Outflows — Are Institutions Pulling Back?
Yahoo Finance· 2026-02-16 11:28
Core Insights - Crypto investment funds have experienced four consecutive weeks of outflows, indicating ongoing investor caution in the crypto market [1][7] - Despite high volatility, certain altcoins are demonstrating resilience, suggesting selective confidence among investors [1] Outflows and Inflows - Digital asset funds recorded a net outflow of $173 million for the week, with total withdrawals over the past month reaching $3.74 billion [2] - Bitcoin saw the largest outflows at $133 million, while Ethereum followed with $85 million in outflows, reflecting ongoing adoption challenges [2][3] - Short-Bitcoin products also experienced outflows of $15.4 million over two weeks, indicating a potential unwinding of bearish positions [2][3] - Conversely, altcoins like XRP, Solana, and Chainlink saw inflows, with XRP leading at $33.4 million, supported by Ripple's cross-border payment use cases [4][5] Regional Sentiment - Outflows were predominantly from the United States, totaling $403 million, while Europe and Canada saw inflows of $230 million [5][7] - Germany led the inflows with $115 million, followed by Canada at $46.3 million and Switzerland at $36.8 million, suggesting non-U.S. investors view current prices as attractive [5] Market Influences - Macro and market data are influencing investor behavior, with outflows coinciding with broader economic concerns despite temporary boosts from softer-than-expected U.S. CPI data [8] - ETP trading volumes fell sharply to $27 billion from $63 billion the previous week, indicating a pullback in trading activity amid market uncertainty [8]
Pudgy Penguins (PENGU) Lifts After Visa Debit Card Reveal: What You Should Know
Benzinga· 2026-02-12 06:18
Core Viewpoint - The Pudgy Penguins NFT collection has announced the launch of a cryptocurrency debit card, the Pengu Card, which aims to enhance its presence in consumer finance and has positively impacted the price of its native token, PENGU [1][4]. Group 1: Pengu Card Details - The Pengu Card, in partnership with Visa Inc., will enable users to spend stablecoins or cryptocurrencies at over 150 million merchants, offering rewards of up to 12% and a yield of 7% on balances [2]. - The card will be available in three tiers: Standard, Black, and Gold, with the Gold tier providing the highest rewards at 12% and the Standard tier offering 6% [2]. Group 2: User Engagement and Eligibility - Users must join a waitlist to obtain a unique referral code to share with friends, with top inviters eligible for a free Pengu Card [3]. - To qualify for the card, users are required to create an account on KAST, a cryptocurrency finance app [3]. Group 3: Market Reaction - Following the announcement of the Pengu Card, the price of PENGU increased by over 3%, with trading volume rising by 56% in the last 24 hours [4]. - The token, which launched in December 2024, reached an all-time high of $0.05738 but has since lost nearly 90% of its value, currently trading at $0.006188 [4]. Group 4: Visa Stock Performance - Visa's shares rose by 0.30% in after-hours trading, following a 0.33% increase during the regular session, closing at $329.24 [5]. - The stock is noted to have a weaker price trend across short, medium, and long terms, despite maintaining a high Quality ranking [5].
Cryptos crumble, bitcoin falls through $66,000, as Friday's bounce fades
Yahoo Finance· 2026-02-11 15:58
Cryptocurrency Market - Bitcoin (BTC) experienced a significant drop, bottoming at $60,000 before a rally brought it close to $72,000, but it has since fallen to just below $66,000, down more than 4% in the last 24 hours [1] - Ether (ETH) and Solana (SOL) are down approximately 5.5%, while XRP is down 3.5% [1] - Bitcoin perpetual futures open interest has decreased by 51% from its October 2025 peak, indicating a retreat in trader conviction and leverage [5] - Monthly trading volume on crypto exchanges has declined by about 65%, contrasting with a 221% year-over-year increase in trading volume on the Kospi stock market [6] Stock Market Impact - U.S. stocks have returned to a flat position after earlier gains, while gold and silver prices have increased by 0.8% and 3.2%, respectively [2] - The U.S. government reported January job growth of 130,000, nearly doubling economist forecasts, with the unemployment rate unexpectedly dipping to 4.3% [2] - Following the job report, interest rate traders have reduced expectations for imminent Federal Reserve rate cuts, now pricing in a 6% chance for a March easing and a 23% chance for an April rate cut [3] Crypto-Related Stocks - Robinhood (HOOD) shares fell by 12.5% due to a sharp decline in crypto trading revenue in Q4, negatively impacting Coinbase (COIN), which is down by 7% ahead of its earnings report [6] - Other crypto-related stocks such as Strategy (MSTR) and Bitmine Immersion (BMNR) are down by 4.5% and 3.8%, respectively, with Circle Financial (CRCL) down 4.7%, Galaxy Digital (GLXY) down 3.2%, and Bullish (BLSH) down 5.3% [7]
Ripple Announces Partnership To Expand Into ETH, SOL Staking
Yahoo Finance· 2026-02-11 15:31
Core Insights - Ripple has partnered with Figment to enable Ethereum and Solana staking through Ripple Custody, allowing banks to offer crypto services without the need for their own infrastructure [1][2]. Group 1: Institutional Custody and Staking - Banks can now provide Ethereum and Solana staking rewards to customers without operating their own validator computers, generating annual returns of approximately 3-4% by locking crypto to secure blockchain networks [2]. - The partnership with Securosys enhances secure key storage systems, enabling institutions to manage their crypto assets without incurring high hardware costs [2]. Group 2: Ripple's Strategic Positioning - This expansion indicates Ripple's shift towards becoming a multi-chain provider, allowing banks to serve customers holding Ethereum and Solana in addition to XRP [4]. - Aaron Slettehaugh, SVP of Product at Ripple, emphasized that these integrations simplify the management of complex technology stacks, facilitating quicker deployment and scalable solutions for customers [4].
Upexi Reports Fiscal Second Quarter 2026 Financial Results
Globenewswire· 2026-02-10 21:35
Core Insights - Upexi, Inc. reported a digital asset revenue of $5.1 million for the fiscal second quarter ended December 31, 2025, with a gross profit increase of 126% year-over-year to $6.7 million [1][7]. Financial Highlights - Total revenue for the quarter was approximately $8.1 million, compared to $4.0 million for the same quarter ended December 31, 2024 [7]. - Revenue from operations in the consumer brands business totaled $2.9 million [7]. - The net loss for the quarter was $178.9 million, or $2.94 per share, compared to a net loss of $1.3 million, or $(1.24) per share, for the same quarter in 2024 [7]. - The net loss was primarily driven by $164.5 million of unrealized losses on digital assets and $8.3 million of stock-based compensation expense [7]. - Cash and cash equivalents were reported at $1.6 million as of December 31, 2025, with current cash on hand at approximately $9.7 million as of February 9, 2026 [7]. Operational Highlights - The company raised approximately $10 million from a private placement and announced a $50 million share repurchase program [2]. - Upexi is focused on a high-return treasury strategy and has announced the pricing of a $36 million private placement convertible note in exchange for locked Solana [7]. - The company continues to grow its Solana holdings and is encouraged by the increased development and adoption of Solana across the financial landscape [2]. Company Overview - Upexi, Inc. is a leading digital asset treasury company focused on acquiring and holding Solana (SOL) while also being a brand owner in consumer products [9]. - The company operates with a disciplined approach to capital issuance, staking, and discounted locked token purchases, currently holding over two million SOL [9].