Three Major Firms Are Reportedly Planning a $1 Billion Solana Purchase
The post Three Major Firms Are Reportedly Planning a $1 Billion Solana Purchase appeared on BitcoinEthereumNews.com. According to reports, Galaxy Digital, Jump Trading, and Multicoin Capital are preparing to raise funds for a $1 billion Solana purchase. The large-scale deal aims to secure Solana’s liquidity, indicating that institutional investors are focusing on the network. The plan arrives as Solana regains traction across decentralized finance, tokenization, and gaming. Low fees and high throughput continue to draw developers and users, and activity levels rank among the industry’s highest. Major Investors Chase Solana Liquidity as Policy Attention Widens Bloomberg said the firms aim to secure allocations on favorable terms and add depth to secondary markets. In Europe, policymakers weigh technical options for a potential digital euro. The Financial Times noted that officials are evaluating public blockchains, with Ethereum and Solana under consideration. No decision has emerged, but the discussion places Solana inside a policy conversation that stretches beyond private products. Investor interest also expands in the US. Recently, BeInCrypto reported that VanEck filed for a Solana ETF tied to JitoSol, a liquid staking token. If regulators approve it, institutions would gain a regulated path to Solana exposure that integrates staking yields with price performance. ETF Delays Could Reshape the Near-Term Path Regulatory timing remains uncertain. Earlier, the SEC postponed four Solana ETF applications from Bitwise, 21Shares, Canary Capital, and Marinade Finance. The agency set mid-October as the next deadline. The delays reflect a cautious approach to new crypto funds. Developers, meanwhile, push throughput and finality. A governance proposal, Alpenglow (SIMD-0326), aims to cut block finality from 12.8 seconds to roughly 100–150 milliseconds. The design introduces a streamlined voting protocol, Votor, to reduce congestion and improve validator incentives as network demand climbs. The potential $1 billion purchase would test market depth and strengthen order books. If approvals arrive, ETF filings broaden distribution options, while Alpenglow could reduce latency for high-frequency…
The post Three Major Firms Are Reportedly Planning a $1 Billion Solana Purchase appeared on BitcoinEthereumNews.com.
According to reports, Galaxy Digital, Jump Trading, and Multicoin Capital are preparing to raise funds for a $1 billion Solana purchase. The large-scale deal aims to secure Solana’s liquidity, indicating that institutional investors are focusing on the network. The plan arrives as Solana regains traction across decentralized finance, tokenization, and gaming. Low fees and high throughput continue to draw developers and users, and activity levels rank among the industry’s highest. Major Investors Chase Solana Liquidity as Policy Attention Widens Bloomberg said the firms aim to secure allocations on favorable terms and add depth to secondary markets. In Europe, policymakers weigh technical options for a potential digital euro. The Financial Times noted that officials are evaluating public blockchains, with Ethereum and Solana under consideration. No decision has emerged, but the discussion places Solana inside a policy conversation that stretches beyond private products. Investor interest also expands in the US. Recently, BeInCrypto reported that VanEck filed for a Solana ETF tied to JitoSol, a liquid staking token. If regulators approve it, institutions would gain a regulated path to Solana exposure that integrates staking yields with price performance. ETF Delays Could Reshape the Near-Term Path Regulatory timing remains uncertain. Earlier, the SEC postponed four Solana ETF applications from Bitwise, 21Shares, Canary Capital, and Marinade Finance. The agency set mid-October as the next deadline. The delays reflect a cautious approach to new crypto funds. Developers, meanwhile, push throughput and finality. A governance proposal, Alpenglow (SIMD-0326), aims to cut block finality from 12.8 seconds to roughly 100–150 milliseconds. The design introduces a streamlined voting protocol, Votor, to reduce congestion and improve validator incentives as network demand climbs. The potential $1 billion purchase would test market depth and strengthen order books. If approvals arrive, ETF filings broaden distribution options, while Alpenglow could reduce latency for high-frequency…
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