Kategorie: Crypto News

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Nasdaq-listed Helius Medical Technologies rebrands as Solana Company

  • The name change signals deeper alignment with the blockchain industry.
  • The company will enjoy various benefits, including discounted SOL coins and joint initiatives.
  • Solana Company focuses on creating a crypto treasury strategy centered on SOL purchases.

Helius Medical Technologies, Inc. (Nasdaq: HSDT) has officially rebranded as Solana Company, signaling a bold shift as it dives deeper into the blockchain sector.

The move comes after the neurotech firm recently raised $500 million (backed by top names including Summer Capital and Pantera Capital) in mid-September to launch a Solana treasury.

The rebrand reflects a strategic alignment with Solana’s blockchain sector, recognized as the fastest-growing ecosystem in digital assets.

Such dedications demonstrate confidence in Solana’s future potential.

Commenting on the rebrand, Helius Executive Chairman and Summer Capital’s Chair Joseph Chee says:

HSDT’s announcements today, including a corporate name change and agreement with the Solana Foundation, showcase its long-term conviction in Solana. The clear long-term alignment is a show of support and a sign of strength for the Solana Company’s mission.

HSDT deepens ties with Solana Foundation

Besides the name change, the firm, together with some investors, signed a non-binding letter of intent with the Solana Foundation.

What does this mean? Well, the agreement outlines various commitments (“Solana By Design).

These include ensuring all blockchain activities happen exclusively on the Solana blockchain, hosting events to highlight the network’s capabilities, and partnering on institutional referrals.

Most importantly, the deal gives Solana Company a crucial financial lever.

The firm can purchase SOL assets from the Foundation at discounted prices.

Meanwhile, it can leverage such perks to strengthen its treasury position, which in turn boosts the Solana ecosystem.

Fueling Solana adoption with Digital Asset Treasury

Besides the name change and deepened collaboration, Solana Company plans to form a digital asset treasury (DAT) centered around SOL assets.

This month, Helius Medical confirmed raising $500 million, dedicated to funding its cryptocurrency treasury plans.

Meanwhile, benefits such as speed, scalability, and yield possibly attracted the firm to Solana.

It can utilize SOL’s yield-bearing mechanism, which offers about 7% native staking yield, to magnify returns on its crypto holdings.

Solana has more monetary gains than non-yield-generating cryptocurrencies like Bitcoin.

HSDT strategic advisor and Pantera’s managing partner, Dan Morehead, said:

DATs are providing access to the blockchain market to a new kind of investor. Solana Company is well set up to be the preeminent SOL DAT by introducing Solana to a growing audience.

SOL price outlook

Solana’s native token traded in the green today, fueled by broader recoveries.

The global crypto market cap increased by over 2.7% in the past day to $3.9 trillion.

SOL trades at $208 following a 2% increase in its daily chart.

The 85% uptick in 24-hour trading volume signals improving sentiments as the altcoin looks to rebound after plunging from mid-September peaks of $250.

Meanwhile, institutional interest, including RWA dominance, positions SOL for remarkable performance in the coming months and years, with proponents targeting the $1,000 milestone.

The post Nasdaq-listed Helius Medical Technologies rebrands as Solana Company appeared first on CoinJournal.

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IBIT surpasses Deribit as largest Bitcoin options venue

  • IBIT surpasses Deribit with $38B in Bitcoin options open interest, reshaping crypto markets.
  • Wall Street’s rise in Bitcoin options brings tighter spreads, deeper liquidity, and less volatility.
  • Deribit, now owned by Coinbase, stays popular with crypto-native traders despite losing the top spot.

BlackRock’s iShares Bitcoin Trust has overtaken Coinbase’s Deribit as the leading platform for Bitcoin options, signaling a shift in the center of gravity for crypto trading from offshore hubs to Wall Street.

IBIT takes the lead

Open interest in options tied to the Nasdaq-listed iShares Bitcoin Trust (IBIT) reached nearly $38 billion, outpacing $32 billion on Deribit following Friday’s contract expiry, according to data from Bloomberg and Deribit.

This development marks a significant milestone.

Deribit, founded in 2016, had long dominated Bitcoin options activity and was widely seen as the go-to marketplace for crypto derivatives.

The change comes less than a year after IBIT introduced options in November, underscoring its rapid ascent.

With $84 billion in assets, IBIT is already the world’s largest Bitcoin exchange-traded fund.

The growth of its options market is reinforcing a feedback loop in which deeper liquidity drives legitimacy, attracting more inflows and further strengthening its position.

Wall Street’s growing role in Bitcoin markets

Market participants view the development as part of a broader structural shift in crypto markets.

George Mandres, senior trader at XBTO Trading, said in a Bloomberg report that Wall Street’s increasing participation in Bitcoin options brings “substantial capital and trading expertise.”

He argued that the presence of large financial institutions is contributing to tighter spreads, deeper liquidity, and greater efficiency across the market.

Mandres also suggested that the influence of traditional players could lead to a “volatility of volatility” dampening effect, making Bitcoin price swings less extreme.

As institutional investors weigh Bitcoin alongside traditional assets such as gold or major currencies, he sees the potential for a long-term decline in volatility.

Still, Mandres emphasized that the transition will not result in the complete centralization of liquidity in the US.

Instead, he anticipates the emergence of two parallel ecosystems: one centered around regulated traditional finance (TradFi) products like IBIT, and another in offshore and decentralized finance (DeFi) venues catering to higher-risk traders.

Deribit’s role and the offshore market

Despite losing its top ranking, Deribit remains a key player in Bitcoin derivatives markets.

Acquired by Coinbase for about $2.9 billion in August, the platform continues to attract crypto-native traders drawn to its flexibility and offshore operating model.

For years, Deribit was synonymous with leverage-driven crypto derivatives trading, shaping market dynamics through its dominance.

While IBIT’s rise underscores Wall Street’s growing footprint, Deribit’s continued popularity reflects the enduring demand for less-regulated environments and experimental financial products.

The shift in leadership highlights a fundamental transformation: Bitcoin derivatives are moving closer to the regulated core of the US financial system.

This evolution could reshape how both institutions and retail investors approach the asset class, balancing the appeal of stability and oversight against the appetite for risk and innovation.

As Bitcoin’s role in mainstream finance continues to evolve, the split between regulated and offshore markets may define the next phase of growth in digital assets.

The post IBIT surpasses Deribit as largest Bitcoin options venue appeared first on CoinJournal.

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FTT price on the edge as FTX creditors brace for $1.6B payout on Sept. 30

  • FTX creditors will receive $1.6B in reimbursement tomorrow.
  • This is the 3rd major distribution in the bankrupt firm’s restructuring program.
  • FTT has lost $1 psychological mark after hitting $1.20 peaks this week.

The defunct cryptocurrency exchange, FTX, is set to distribute roughly $1.6 billion to its creditors in its Third Distribution round on September 30.

The move marks a significant step in the exchange’s bankruptcy process following the late 2022 collapse.

Meanwhile, tomorrow’s payout represents the third disbursement to date and targets non-convenience and convenience class claim creditors who meet all pre-distribution necessities.

FTX’s native token has lost a crucial level ahead of the massive distribution.

It trades at $0.9424 after mild bearishness in the past day.

FTT has underperformed as most tokens rallied on Monday.

FTT drops below $1

FTX’s native token dipped below $1 as investors brace for relief.

FTT always reacts to developments associated with the insolvent exchange.

While the crypto market reversed today, FTT weakened at the $1 psychological mark.

It is trading at $0.9487, with an over 70% surge in trading volume signaling increased trader activity.

The bearish hints could indicate traders bracing for potential sell pressure once the reimbursement begins.

Moreover, the price fluctuation reflects lingering uncertainty around FTT’s use cases and roles after the FTX debacle.

The altcoin has no utility at the moment. No longer supported by a running trading platform, FTT survives on speculation.

Weekly gains still intact

While bears fight to control daily trends, the weekly chart paints a bullish story.

FTT holders have seen their holdings increase by over 13% in the last seven days.

The upward trajectory follows a sharp rally last week.

The digital coin recorded a 60% single-day rally on September 24.

The dramatic jump came after Sam Bankman-Fried’s X handle unexpectedly broke its silence with a “gm” post.

The simple message, which means “good morning, sparked frenzy as it was the first post since early this year.

FTT rallied to the $1.20 weekly highs after the X post.

The wild price more reflected how sensitive FTT is to any developments linked to FTX and its controversial founder, SBF.

What’s next for FTT’s price?

The altcoin remains poised for heightened volatility as creditors prepare for their upcoming compensation.

Meanwhile, technical indicators suggest potential recoveries above $1.

Analyst Dark Pro Trader anticipates bullish moves amidst the creditor payments.

He highlighted a 4-hour chart, which demonstrates a mix of tentative upswings and sharp volatility.

FTT has a key support barrier at $0.78.

The upcoming $1.6 billion in creditor payout might create short-lived demand for the native token.

That might see it targeting weekly highs at $1.20 and clear the path to the notable resistance zone at $1.30.

Such an uptrend would translate to an approximately 27% uptick from FTT’s current market price.

The post FTT price on the edge as FTX creditors brace for $1.6B payout on Sept. 30 appeared first on CoinJournal.

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QNT soars 7% as Quant ignites banking revolution with QuantNet release

  • Quant announced an innovative product today.
  • QuantNet transforms how banks connect with digital currencies.
  • Native QNT gained over 7% in the past 24 hours.

Banks are facing challenges amidst the ongoing financial revolution due to slow processes, isolated networks, and outdated systems.

Interoperable blockchain Quant aims to fill this gap with its new innovative product, QuantNet.

QuantNet creates an ecosystem where traditional banking, cryptocurrencies, and tokenized assets can flow seamlessly together.

It is more than a usual technical upgrade.

The launch signals a strategic shift to allow financial institutions to embrace monetary innovation while retaining their existing compliance, operational control, and security.

According to the official blog:

QuantNet enables banks to coordinate asset and cash flows across siloed networks without replacing a single system they already trust. This is orchestration without disruption, innovation without compromise.

The update triggered enthusiasm within the Quant community.

The network’s token, QNT, reflected the optimism with a bullish 24-hour chart.

The alt has reclaimed the $100 psychological mark after its price increased by over 7% in the past day.

QuantNet: how it changes the game

The new product aims to make connections without disruptions.

QuantNet does not demand banks replace their current models.

Meanwhile, it links tokenized deposits, stablecoins, and commercial funds into a single, innovative network.

Imagine private trading platforms, traditional settlement systems, and public blockchains operating together, harmoniously and securely.

Banks will retain control over funds while QuantNet completes transactions behind the scenes.

Most importantly, all actions are fully traceable, ensuring the compliance and transparency that outdated systems can’t offer.

Quant added:

Banks no longer need to choose between innovation and stability. QuantNet provides both: a production-ready platform that connects the future of money and markets while working seamlessly with existing infrastructure investments.

Quant selected for UK’s tokenized sterling deposits

QuantNet launch comes days after the UK Finance and top banks selected Quant to provide an infrastructure for the new tokenized sterling deposits project (GBTD).

GBTD is a market initiative, running until mid-2026, exploring how tokenized bank deposits can enhance payments, fraud protection, and large-scale settlement.

Quant CEO Gilbert Verdian celebrated the move, stating:

Being selected for GBTD marks a pivotal step in the UK’s financial evolution. This milestone goes beyond improving payments – it’s about enabling new forms of programmable money that will fundamentally transform how value is moved and managed.

Therefore, QuantNet marks a turning point for global financial institutions.

Banks can leverage it to participate in cryptocurrencies and tokenized funds while maintaining compliance, trust, and the reliability that customers need.

QNT price outlook

Quant’s native token maintained a bullish trajectory amidst the strategic developments.

QNT has rebounded from around $86 on September 26 to today’s $103 intraday peak.

The altcoin gained more than 7% on its 1D chart, propelled by the latest announcement and broader market gains.

Meanwhile, QuantNET and Quant’s use cases in the UK’s GBTD project might trigger notable demand for QNT in the coming years, especially as banks explore tokenized assets and programmable money.

The post QNT soars 7% as Quant ignites banking revolution with QuantNet release appeared first on CoinJournal.

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Bitcoin surges to $112K as Strategy adds 196 BTC, analysts eye $120K potential

  • Bitcoin hits $112k, fueled by institutional buying.
  • Strategy added 196 BTC, increasing its holdings to 640,031 BTC.
  • Analysts see potential for $120,000 but warn of volatility risks.

Bitcoin (BTC) has surged to $112k, fueled by renewed institutional interest and a significant acquisition by Strategy, the world’s largest corporate Bitcoin holder.

Strategy acquires 196 BTC, holdings hit 640,031

Strategy, formerly MicroStrategy, has announced the acquisition of 196 Bitcoin for an undisclosed amount, bringing its total holdings to 640,031 BTC, according to a Form 8-K filing.

The purchase, funded through the company’s ATM offering programs, outlines Strategy’s position as the leading corporate Bitcoin treasury, with holdings valued at approximately $71.7 billion based on current market prices.

The acquisition follows a pattern of consistent buying, with Strategy adding 850 BTC on September 22, 2025, and 525 BTC on September 15, 2025, at an average price of $114,562 per BTC.

Michael Saylor, the Executive Chairman, has a strategy of leveraging equity and debt financing to accumulate BTC which has solidified the company’s role as a Bitcoin-backed treasury model.

This latest purchase concurs with Bitcoin’s price climbing to $112,500, reflecting a 2.9% increase from $109,525.50 three days prior.

Analysts on BTC price outlook

Analysts are cautiously optimistic about Bitcoin’s price trajectory following its climb to $112,000.

The surge aligns with the Strategy’s aggressive accumulation and broader market momentum, but opinions vary on future movements.

Analysts have projected BTC could reach $150k-$200k in 2025, and institutional adoption and macroeconomic factors are seen as key tailwinds. However, some say volatility means bears may not be done yet.

QCP analysts shared their outlook

“After a volatile September, $BTC is still up more than 3% on the month. Options markets show conviction slowly returning, but the 115k level remains the hurdle to clear for a renewed uptrend.”

Bitcoin at ‘Buy’ for dip level?

According to QCP analysts, the crypto market is showing “signs of recovery” following the carnage seen the previous week. The shakeout that saw BTC trade to under $109k may nonetheless offer a buy-the-dip opportunity.

“Despite sizable ETF outflows, particularly on Friday, spot managed to hold sideways through the weekend. This points to quarter-end basis unwinds as a key driver of redemptions, with markets absorbing the selling pressure more smoothly than expected,” QCP wrote. “With spot rebounding, this week’s ETF flows could set the tone for institutional demand heading into a seasonally bullish month.”

Strategy’s consistent buying is seen as a bullish signal, with potential U.S. policies on digital assets influencing long-term price stability.

If bulls rally, Bitcoin’s ability to break past $117k will be crucial. The level marks a sizable supply wall area and will b pivotal for a breakout above $118k and retest of the $120k mark.

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