Crypto News
Solana Buying for Balance Sheet Gains Momentum as DeFi Development Raises Holdings to $48M
DeFi Development Corp (JNVR), formerly known as Janover, added another $9.9 million in Solana's SOL to its corporate treasury, pushing total crypto holdings to 317,273 SOL or about $48 million, the company said on Wednesday.The purchase, made through BitGo’s over-the-counter desk, includes a tranche of locked SOL. These are tokens typically tied to vesting or bankruptcy proceedings that can’t yet move on-chain but are cheaper than spot prices."By gaining access to locked discounted inventory through a trusted partner like BitGo, we’re able to accumulate some of our SOL below market prices while deepening our alignment with the Solana ecosystem," CEO Joseph Onorati said in a statement.Janover, which was renamed to DeFi Development earlier this week, began as a real estate...
Bitcoin Miner Riot Platforms Gets $100M Credit Facility From Coinbase
Riot Platforms has used a portion of its Bitcoin treasury to secure a $100 million loan from Coinbase's lending arm.Source link
SOL Strategies Secures $500M to Buy More Solana
Canadian investment firm SOL Strategies has secured a $500 million convertible note to buy Solana, the company announced on Wednesday, reflecting the growing interest in the crypto that has been popular among meme coin developers and others who favor its speed compared to rivals. The company, which trades on the Canadian Securities Exchange under theSource link
SBF on the Move Again: From ‘Victimville’ to Low-Security Prison
FTX co-founder and former CEO Sam Bankman-Fried has landed in a low-security prison after a brief spell at one nicknamed "Victimville."Source link
Paypal Seeks to Drive PYUSD Adoption With 3.7% Reward on Users’ Stablecoin Holdings
Paypal is launching a new rewards program for its stablecoin PYUSD, offering U.S. users a 3.7% annual return to boost adoption in the competitive stablecoin market. Incentivizing Use of PYUSD Paypal Holdings is launching a new rewards program for its stablecoin PYUSD to boost adoption of the digital token within a fiercely competitive market. TheSource link