2025-11-05 Wednesday

Crypto News

Indulge in the Hottest Crypto News and Market Updates
Solana Founder Names Most Important Focus Amid SOL Price Crash

Solana Founder Names Most Important Focus Amid SOL Price Crash

The post Solana Founder Names Most Important Focus Amid SOL Price Crash appeared on BitcoinEthereumNews.com. Solana (SOL) is among the top cryptocurrencies hit by the ongoing market liquidations. The Solana crypto has plunged more than 8.7% over the past 24 hours and over 20% in the past week. Solana founder shifts attention from price Amid the ongoing price drawdown, Solana Founder Anatoly Yakovenko has named the most important focus for the blockchain. Yakovenko urged developers to stop staring at the red candles and build stuff people actually use. To the Solana founder, price is a lagging indicator, while code is the leading one. “The number one thing to focus on right now is shipping great products,” Yakovenko wrote in an X post. His comment is in response to a post from Raydium, a leading decentralized exchange (DEX) and automated market maker (AMM) built on Solana. In its post, Radium shared a quick morale booster with the Solana enthusiasts who are still holding their bags despite the recent price crash.  “Shoutout to all of the Solana bulls,” the Radium team wrote. While Radium is sending love to Solana bulls, Yakovenko is encouraging the launch of products that make the bear market irrelevant. Intriguingly, his comments come shortly after Western Union revealed plans to introduce a Solana-based stablecoin. The new product, dubbed the “U.S. Dollar Payment Token” (USDPT), is set to launch next year. Solana ETFs see robust inflows Additionally, the SOL price drop is happening right after the first U.S. spot Solana ETFs launched in the U.S. According to Farside Investors’ data, Solana spot exchange-traded funds (ETFs) actually pulled in $70 million of inflows on November 3, 2025.  The Bitwise Solana ETF (BSOL) saw the highest inflows of $65.2 million, while Grayscale’s Solana ETF (GSOL) followed with $4.9 million. You Might Also Like This marks a record-breaking daily high, signaling strong investor demand for Solana-based investment products. Thus, the SOL price…
Share
BitcoinEthereumNews2025/11/05 09:11
Forward Industries shares dip after unlocking PIPE shares

Forward Industries shares dip after unlocking PIPE shares

The post Forward Industries shares dip after unlocking PIPE shares appeared on BitcoinEthereumNews.com. Shares of the Solana treasury firm Forward Industries have declined 25% today amid a flight from risky assets. Summary Solana treasury firm Forward Industries authorizes $1B stock repurchase The company’s stock fell 20% on broader risk-off sentiment in the markets Solana fell 7.5% to $154 amid a crypto market sell-off Risk-off sentiment hit both the equity and crypto assets, with valuations getting crushed. On Tuesday, Nov. 4, shares of the Solana treasury firm Forward Industries dropped 25%, while Solana was down 7.5%. The steep decline followed the company’s announcement that it had registered the shares sold in its September 2025 private placement. This means that investors who bought shares in the PIPE deal can immediately resell them on the open market. The September deal raised $1.58 billion from private investors. It also enabled the firm to buy 6.822 million Solana (SOL) at an average price of $232 per token. Galaxy Digital, Jump Crypto, and Multicoin Capital, were among the firms that invested. Forward Industries authorizes $1b share buyback To boost its declining share price, Forward Industries announced that its board approved a share repurchase program worth up to $1 billion. The authorization, signed on November 3, will expire on Sept. 30, 2027. The program means that the company is allowed to, but doesn’t have to, buy back up to $1 billion worth of its own shares. “The authorization gives us flexibility to return capital to shareholders when we believe our stock trades below intrinsic value, all while continuing to execute our The Solana treasury and operational initiatives,” said Kyle Samani, Chairman of the Board. Crypto treasury firms use a combination of debt, staking, and yield strategies to outperform the underlying asset. However, these strategies often turn them into a leveraged bet, making them more volatile than the crypto assets they…
Share
BitcoinEthereumNews2025/11/05 09:09
A Look at Emerging Crypto-Fintech Opportunities in 2025

A Look at Emerging Crypto-Fintech Opportunities in 2025

The post A Look at Emerging Crypto-Fintech Opportunities in 2025 appeared on BitcoinEthereumNews.com. Solana is one of crypto’s best success stories, having evolved from a little-known project in 2018 to become one of the top blockchains by the early 2020s. Early Solana investors who believed in the project reaped enormous returns as SOL’s price skyrocketed from well under $1 to nearly $300 at its peak in early 2025. But like any maturing crypto project or tech company, growth naturally slows once it reaches near saturation. As such, attention naturally shifts to new crypto presale opportunities in the hopes of finding a project that could outperform Solana’s early growth trajectory. One project that suits this narrative is Digitap ($TAP), a new crypto presale, and the company behind the world’s first “omni-bank.” It combines traditional financial services with digital assets, soaring to the potential crypto in 2025 3 Ways Digitap Blends Banking, FX, And Crypto Payments Digitap is an emerging crypto-finance platform that is one part bank, one part crypto exchange, and one part payment processor. Essentially, Digitap’s superbank app lets users store value in fiat or crypto, make payments, invest, and spend their money. This concept stands at the intersection of decentralized finance and traditional fintech. Digitap’s platform is already live, offering users worldwide access to features like a multi-currency wallet, offshore IBAN fiat foreign exchange accounts, instant fiat-to-crypto swaps, and even a Visa debit card linked to the account. The opportunities are nearly limitless. Users can receive transfers in euros, swap part of it for Bitcoin and Ethereum, diversify FX exposure, hold a stablecoin like USDC, and transfer the rest to the prepaid Visa card for everyday spending. Digitap’s Buybacks Tie Usage To Token Value Investor excitement is evident in Digitap’s presale of its native $TAP token. Currently in its third round, $TAP is for sale at $0.0268, although the fourth-round price of…
Share
BitcoinEthereumNews2025/11/05 03:39
Upexi’s Solana Treasury Rises 4.4% Amid Crypto Downturn

Upexi’s Solana Treasury Rises 4.4% Amid Crypto Downturn

The post Upexi’s Solana Treasury Rises 4.4% Amid Crypto Downturn appeared on BitcoinEthereumNews.com. Nasdaq-listed Solana treasury firm Upexi (UPXI) has expanded its holdings by 4.4% to over 2.1 million SOL, even as broader market sentiment remains cautious. The company’s updated disclosure shows that as of October 31, its total holdings reached 2,106,989 SOL, reflecting an increase of nearly 88,750 SOL since early September. Upexi’s Treasury Growth and Market Position According to The Block data, Upexi’s total Solana holdings were valued at $397 million at the end of October, based on a $188.56 market price per SOL. The firm acquired its tokens at an average of $157.66, bringing the total cost to $325 million.  This leaves an unrealized gain of $72 million, which includes staking yields and discounts from locked SOL purchases. Upexi’s holdings now stand at around $340 million, trimming its paper gain to about $15 million.  CEO Allan Marshall said, “Upexi remains positioned for growth despite reduced sentiment toward treasury companies.” He added that the firm continues to build “long-term incremental value for shareholders” through its Solana strategy. Outpacing Solana’s Performance Since the launch of its Solana treasury initiative in April, Upexi has reported an adjusted 0.0187 SOL per share, equivalent to $3.52. This represents a 47% rise in Solana terms and an 82% gain in dollar terms. Investors who joined the $100 million private placement led by GSR have seen a 96% return, outperforming Solana’s 24% increase in the same period. The company’s Chief Strategy Officer, Brian Rudick, noted that Upexi holds a peer-leading multiple with solid trading volumes and intends to use that position for shareholder benefit. Nearly all of the company’s SOL is staked, generating an estimated 7% to 8% annual yield and roughly $75,000 in daily staking income. Solana Faces Short-Term Pressure Source: X As of press time, Solana trades around $156.93, marking a 7.49% daily and 21.19%…
Share
BitcoinEthereumNews2025/11/05 03:19
Upexi Expands Solana Holdings by 4.4% to 2.1 Million SOL

Upexi Expands Solana Holdings by 4.4% to 2.1 Million SOL

Nasdaq-listed Solana treasury firm Upexi (UPXI) has expanded its holdings by 4.4% to over 2.1 million SOL, even as broader market sentiment remains cautious. The company’s updated disclosure shows that as of October 31, its total holdings reached 2,106,989 SOL, reflecting an increase of nearly 88,750 SOL since early September.Upexi’s Treasury Growth and Market PositionAccording to The Block data, Upexi’s total Solana holdings were valued at $397 million at the end of October, based on a $188.56 market price per SOL. The firm acquired its tokens at an average of $157.66, bringing the total cost to $325 million. This leaves an unrealized gain of $72 million, which includes staking yields and discounts from locked SOL purchases. Upexi’s holdings now stand at around $340 million, trimming its paper gain to about $15 million. CEO Allan Marshall said, “Upexi remains positioned for growth despite reduced sentiment toward treasury companies.” He added that the firm continues to build “long-term incremental value for shareholders” through its Solana strategy.Outpacing Solana’s PerformanceSince the launch of its Solana treasury initiative in April, Upexi has reported an adjusted 0.0187 SOL per share, equivalent to $3.52. This represents a 47% rise in Solana terms and an 82% gain in dollar terms. Investors who joined the $100 million private placement led by GSR have seen a 96% return, outperforming Solana’s 24% increase in the same period.The company’s Chief Strategy Officer, Brian Rudick, noted that Upexi holds a peer-leading multiple with solid trading volumes and intends to use that position for shareholder benefit. Nearly all of the company’s SOL is staked, generating an estimated 7% to 8% annual yield and roughly $75,000 in daily staking income.Solana Faces Short-Term PressureSource: XAs of press time, Solana trades around $156.93, marking a 7.49% daily and 21.19% weekly decline. Analyst TedPillows explained that Solana has taken out nearly all the downside liquidity. Major buy clusters now appear between $155 and $165, while resistance forms near $190 and $210.However, he cautioned that recovery depends on Bitcoin’s next move. Until BTC forms a bottom, Solana may continue to test lower zones, signaling extended caution for investors.
Share
Coinstats2025/11/05 03:02