Everything web3, crypto, defi, degen
In brief Publicly traded firms are starting to stack up Solana in addition to Bitcoin and Ethereum. The top firms have already amassed more than $2.5 billion in SOL. The leader, Forward Industries, maintains a balance of nearly 7 million SOL on its own. Michael Saylor popularized the digital asset treasury when his firm Strategy…
Morning Minute is a daily newsletter written by Tyler Warner. The analysis and opinions expressed are his own and do not necessarily reflect those of Decrypt. Subscribe to the Morning Minute on Substack.GM!Today’s top news: Crypto majors flat while stocks and gold hit new ATHs; BTC at $115,300 Coinbase teases a network token in exploration Polymarket’s latest…
In brief Publicly traded Helius Medical Technologies announced that it’s raising $500 million to establish a Solana treasury. The firm’s stock price rose by more than 141% as of the close of trading Monday. Helius Medical Technologies is not affiliated with notable Solana infrastructure startup, Helius. Medical devices manufacturer Helius Medical Technologies has raised $500…
In brief Dogecoin surged 11% and Solana 10 % in the last week, defying seasonal crypto trends Federal Reserve is expected to cut rates this week as inflation moderates to 2.9%, which bodes well for risk assets. Users on the prediction market Myriad are signaling growing bullish sentiment. Here’s what the price charts have to…
In brief Standard Chartered’s Geoff Kendrick believes Ethereum treasury companies are most likely to succeed long-term due to their ability to generate staking yields. Bitmine announced its treasury has grown to 2.15 million ETH worth over $9.7 billion, more than double competitor SharpLink’s 837,230 ETH holdings. Digital asset treasury companies hold significant crypto portions (4%…
PUMP OVERTAKES HYPERLIQUID, GALAXY DIGITAL BUYS $300M SOL, FOMC THIS WEEKCrypto reverses weekend strength, FOMC this week. BTC ETF inflows hit $2.3b last week. Gemini stock soars on IPO. Atkins scraps SEC’s crypto enforcement agenda. Tether launches USA₮ stablecoin, Bo Hines as CEO. Monero rallies despite being hit by 18 block reorg. Allied Gaming establishes…
In brief Forward Industries acquired nearly 7 million SOL tokens for $1.58 billion, making it the largest publicly traded Solana treasury. The firm bought unlocked SOL tokens via on-chain and open-market transactions. Shares of FORD rose 1.21% amid the news, now up more than 28% in the last week. Medical design firm Forward Industries completed…
Morning Minute is a daily newsletter written by Tyler Warner. The analysis and opinions expressed are his own and do not necessarily reflect those of Decrypt. Subscribe to the Morning Minute on Substack.GM!Today’s top news: Crypto majors flip red overnight after green weekend; BTC back at $115,000 Total3 hits new ATH at $1.12T over the weekend Galaxy…
In brief SOL Strategies is a Solana infrastructure firm that manages validators and runs a SOL treasury. The firm’s CEO Leah Wald sees it as an “underdog” when compared to others, but calls that an “advantage.” Shares in the firm went live for trading on the Nasdaq last week. Solana infrastructure and treasury firm SOL…
In brief Galaxy Digital has purchased more than $700 million worth of Solana since Wednesday, on-chain data shows. The buys are likely tied to Galaxy’s backing of Forward Industries, poised to be the largest Solana treasury firm. Solana hit its highest price since January on Friday, topping $241 and rising 19% in the last week.…
