Kategorie: Crypto News

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SOL price gains momentum as DeFi Dev Corp adds $77M in Solana to treasury

  • The company has acquired 407,247 SOL tokens in its latest purchase.
  • DeFi Dev Corp. now holds Solana worth around $371M, 1.83 million coins.
  • On-chain indicators support SOL’s upside trajectory.

The first Nasdaq-listed firm with a Solana-centric treasury strategy is once again in the spotlight.

According to the latest press release, DeFi Development Corp. disclosed the purchase of 407,247 SOL assets valued at approximately $77 million.

The recent accumulation increased the company’s total SOL holdings to 1,831,011 tokens, worth around $371 million.

Notably, DeFi Dev Corp. utilized the latest fundraising to fund the purchase, and still holds more than $40 million for more Solana buys and supporting treasury operations.

The bold bet signals the firm’s conviction in Solana’s growth trajectory.

Solana price displays optimistic performance amid these developments, with on-chain metrics supporting DeFi Dec Corp’s accumulation strategy.

Long-term holding and staking plans

DeFi Development Corp. made it clear that it is not after short-term gains.

The firm confirmed that it will hold the newly purchased Solana long-term and stake the assets across different validators.

The announcement stated:

The newly acquired SOL will be held long-term and staked to a variety of validators, including DeFi Dev Corp’s own Solana validators to generate native yield.

The staking strategy enables the firm to generate native yield while ensuring the security and health of Solana’s blockchain.

Further, the approach means additional earning opportunities for shareholders as it combines staking incentives and SOL price growth.

What does it mean for Solana?

Solana has dominated crypto trends over the past months, with increased adoption in payments, meme coins, DeFi, and NFTs.

Its scalability and speed have made it a perfect alternative for institutions and developers.

DeFi Dev Corp’s Solana holdings reflect how markets are increasingly viewing Solana as an asset with potential beyond speculation.

Furthermore, endorsement by a Nasdaq-listed company legitimizes the altcoin, making it attractive for institutions seeking crypto exposure.

Solana bullish outlook

These developments come as the native token traded in the green region.

SOL gained more than 15% the previous week to $211.

Bullish sentiments fuel the chain, especially as the community votes for the Alpenglow proposal.

The proposal seeks to reduce block finality to 150 milliseconds from 12.8 seconds.

That will turbocharge the blockchain by supporting thousands of transactions per second while ensuring near-zero transaction charges.

That makes the Ethereum twelve-minute finality glacial.

Simply, the second-largest blockchain takes minutes to finalize transactions. In Solana, it is instant.

These narratives echo analysts, who are predicting massive gains for SOL.

For example, Ali Martinez mapped Solana’s path to $300 in the near-term.

That would mean a rally of over 40% from the current market price.

Moreover, prevailing institutional interest sets the stage for significant long-term rallies.

Proponents believe Solana has what it takes to skyrocket to $1,000 in a full-blown bull market.

The post SOL price gains momentum as DeFi Dev Corp adds $77M in Solana to treasury appeared first on CoinJournal.

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Bitcoin remains under pressure as gold targets a new all-time high

  • Bitcoin’s rally attempt fails as it retreats to below 112,000 dollars.
  • Gold continues its quiet but powerful climb, nearing its all-time high.
  • In August, gold is up nearly 4 percent while Bitcoin has fallen over 5 percent.

A hopeful rally in the cryptocurrency market was decisively crushed on Thursday, as steady selling pressure throughout the US trading session sent prices into a familiar retreat.

The failed bounce underscores a growing sense of fatigue in the digital asset space and throws a stark and revealing light on the silent, powerful ascent of its analog rival: gold.

After a brief flirtation with the 113,000 dollar level, Bitcoin (BTC) was beaten back, sinking to 111,800 late in the session for a loss of 0.7 percent over the past 24 hours.

The selling was even more pronounced in other major tokens, with Ether (ETH) and XRP shedding a more sizable 2.1 percent and 1.4 percent, respectively.

The one notable bright spot in a sea of red was Solana’s SOL, which managed to buck the trend with a respectable 3.1 percent gain.

A silent ascent to the summit

While the crypto market grapples with its own inertia, a different story is unfolding in the world of precious metals.

Quietly, but with unshakable conviction, gold has been on the rise. The yellow metal added another 0.8 percent on Thursday, climbing to 3,477 dollars per ounce.

This puts the safe-haven asset just a few dollars shy of the record high of 3,534 dollars it touched earlier this month.

The performance in August paints an even more dramatic picture of this great divergence: while Bitcoin has slid 5.2 percent, gold has rallied by nearly 4 percent.

The great disconnect

This decoupling is the great mystery currently haunting the market.

The very same macroeconomic tailwinds that are propelling gold higher—namely, the prospect of lower interest rates and a weaker US dollar—are conspicuously failing to ignite any significant bid for “digital gold.”

The fundamental case for Bitcoin as an inflation hedge and a store of value is being put to a severe test, and for now, it is failing.

A September showdown looms

The stage is now set for a potentially volatile final four months of the year.

The resumption of Federal Reserve rate cuts appears to be firmly on the table for September, a move that could be amplified by President Trump’s appointment of one or possibly two new, likely dovish, members to the Fed’s board.

As these powerful forces converge, the market is watching to see if Bitcoin can finally catch the golden tailwind or if its strange and troubling disconnect is a sign of a deeper malaise.

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PYTH skyrockets 60% as US government taps Pyth Network to verify economic data on-chain

  • The US Department of Commerce has published GDB on blockchain for the first time.
  • It has selected Pyth Network as the oracle platform to verify and distribute economic data.
  • PYTH saw a sharp price increase after the news.

The United States continues to establish itself as the international hub for blockchain and cryptocurrency undertakings.

In a groundbreaking move, the US Department of Commerce confirmed today that it will start publishing GDP (gross domestic product) data on blockchain, starting with last month’s figures.

The announcement catalyzed bullish sentiments across the cryptocurrency space, especially for the project that the government picked.

The US Department of Commerce has worked with nine blockchains and leading exchanges.

To ensure data accessibility and reliability, it chose Chainlink and Pyth Network.

Pyth Network at the center of historic move

The Department revealed that it published the official hash of its quarterly GDP data across nine networks: Bitcoin, Ethereum, Solana, Avalanche, Arbitrum, Tron, Polygon PoS, Optimism, Stellar, and Arbitrum One.

Also, it has worked with leading exchanges, including Coinbase, Kraken, and Gemini, to facilitate the latest release.

Furthermore, the US Department of Commerce tapped oracle providers Chainlink and Pyth Network to guarantee reliability and accuracy.

PYTH rallied immediately after the news as the community celebrated the project’s “validation moment.”

Pyth Network focuses on bringing real-time, high-quality data on-chain.

Thus, the announcement represented a watershed moment for the altcoin, as it anticipates lucrative use cases.

The government’s reliance on Pyth’s oracle service validates its infrastructure and status as a trusted player in the integration between decentralized networks and public institutions.

Government ratification fuels confidence

Howard Lutnick, US Secretary of Commerce, commented on the benefits of this move.

He perceives it as a part of the President’s strategy to make America the hub of blockchain. Lutnick said:

It’s only fitting that the Commerce Department and President Donald Trump, the crypto-President, publicly release economic statistical data on the blockchain. We are making America’s economic truth immutable and globally accessible like never before, cementing our role as the blockchain capital of the world.

The high-profile commendation has put the Pyth Network on the map as a trusted oracle protocol authorized by the government.

Officials confirmed that it will leverage oracles like Pyth to release other datasets, beyond GDP.

PYTH price outlook

The native coin exploded within minutes after the collaboration updates.

PYTH trades at $1891 after gaining around 62% from its daily low.

The staggering 2,400% uptick in trading volume signals massive interest in the altcoin.

Also, Pyth Network’s market capitalization has crossed the $1 billion mark for the first time since February 2025.

The US government endorsement positions PYTH for impressive performance in the coming months and years.

The development could bolster institutional demand from firms exploring blockchain to provide accurate and reliable data.

Prevailing sentiments suggest PYTH might have secured the needed catalyst to recover to its 2024 all-time highs above $1.

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JPMorgan says Bitcoin is undervalued compared to gold as volatility plummets

  • Bitcoin’s volatility halves in 2025, attracting cautious institutional investors.
  • Corporate treasuries now hold over 6% of Bitcoin’s circulating supply.
  • JPMorgan values Bitcoin $16K below gold parity, implying $126K potential.

JPMorgan Chase is making waves with their latest take on Bitcoin as the investment bank identified that it’s way undervalued compared to gold.

What caught their attention? Bitcoin’s volatility has absolutely plummeted this year. We’re talking about a drop from around 60% earlier in 2024 down to just 30% now, which is at record low levels.

The bank sees this as Bitcoin finally growing up and moving away from being this wild, speculative plaything to something that actually behaves more like a serious investment.

When an asset becomes less volatile, it starts looking a lot more like gold in terms of being a safe place to park money.

Reduced Bitcoin volatility sparks institutional interest

JPMorgan’s latest research shows that Bitcoin’s falling volatility is attracting a lot of new attention from institutional investors. For a long time, the extreme price swings kept cautious investors away.

But now that things have calmed down, more and more investors are starting to see Bitcoin as a real, long-term part of a diversified portfolio.

The report suggests this shift is making Bitcoin more credible, much like traditional assets. It’s solidifying its role as both an investment and a store of value in mainstream markets.

In fact, corporate treasuries now hold more than 6% of the total Bitcoin supply.

Publicly traded companies are also gaining exposure by being included in stock indices, which brings in more money without them having to directly trade crypto.

Following up on that, JPMorgan’s analysis also shows that Bitcoin is undervalued by about $16,000 when you compare it to gold, using models that account for volatility.

Their report puts an implied price target for Bitcoin at roughly $126,000.

This suggests there’s a lot of room for the price to grow as the market catches up to Bitcoin’s new stability and its growing role with institutional investors.

Even though Bitcoin’s price has been resiliently holding above $111,000, this valuation gap means there’s still a lot of potential for it to appreciate further as more people adopt it and its volatility stays low.

Market dynamics and future outlook

In their analysis, JPMorgan also points to a shift in market dynamics. Passive capital, which is the money coming from index funds that buy shares in companies holding Bitcoin, is creating a steady demand.

This helps shield Bitcoin from being driven solely by speculative trading.

They also noted that the 200-day moving average has been a strong technical support level, which reinforces a long-term bullish outlook even with small, short-term price swings.

Still, some indicators show that traders are keeping cautious hedging positions in the options markets. This reflects a more short-term bearish sentiment, even though the overall trend remains positive.

The post JPMorgan says Bitcoin is undervalued compared to gold as volatility plummets appeared first on CoinJournal.

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Pi Network launches Linux Node and protocol upgrades: PI coin sees largest gain in days

  • Pi Network releases Linux Node, expanding support beyond Windows and macOS.
  • Protocol v23 brings on-chain KYC and prepares for smart contracts.
  • Over 14.8M users verified, boosting adoption and mainnet readiness.

The native token of Pi Network, Pi Coin, has recorded its sharpest gain in weeks after months of bearish pressure.

At press time, PI was trading at $0.3534, up 3.2% in the past 24 hours.

The rally comes after Pi Network announced a major infrastructure upgrade and the release of a Linux-compatible version of its Node software, a move that is being seen as a crucial step toward mainnet activation.

Linux Node release signals stronger foundation

The release of the Pi Node for Linux marks a turning point for the project.

Until now, Pi Nodes were limited to macOS and Windows, which left operators and exchanges that rely on Linux systems on the sidelines.

By expanding to Linux, the network has opened its infrastructure to a wider set of users, service providers, and partners.

The Linux Node is designed to run standardised software that can auto-update, reducing the burden of manual maintenance.

This not only strengthens network stability but also minimises the risk of fragmentation.

For exchanges, which had long requested such compatibility, the upgrade lowers integration barriers and enhances the likelihood of smoother listings in the future.

Protocol upgrade prepares Pi for smart contracts

The Linux launch comes alongside Pi Network’s preparation for its most anticipated blockchain upgrade.

The network is rolling out protocol version 23, which introduces Know Your Customer (KYC) verification directly on-chain and paves the way for smart contract support through Stellar’s protocol 23 upgrade.

The transition is being carried out gradually, starting with Testnet1, then moving to Testnet2, before finally reaching the mainnet in the coming weeks.

The Pi Core Team has cautioned that minor outages may occur during the process, but users will be notified in advance.

Once complete, the upgrade is expected to align Pi more closely with global identity standards, including ERC-3643, while also enabling a new wave of decentralised applications to be built on its infrastructure.

Growing adoption and user verification

Beyond its technical upgrades, Pi Network continues to grow its verified community.

The team recently confirmed that more than 14.82 million users have completed KYC and migrated to the mainnet.

This milestone is significant because it allows for integrations that require verified identities, making Pi more appealing to potential partners, service providers, and regulated exchanges.

The push toward on-chain KYC also reflects a broader trend in the crypto industry, where identity and compliance are increasingly seen as prerequisites for mass adoption.

By embedding KYC within its blockchain, Pi is positioning itself as a network that bridges decentralised participation with regulatory trust.

Pi Network price outlook improves

Pi Coin’s price action has mirrored the optimism around these upgrades.

The token has rebounded from its all-time low of $0.3312 reached just days ago, climbing back into the $0.35 range.

Technical indicators suggest a potential shift in momentum, with the Relative Strength Index (RSI) forming a bullish divergence against recent price lows.

If buying pressure continues, analysts see room for the coin to test resistance near $0.40, which aligns with its 50-day Exponential Moving Average (EMA).

A successful breakout could open the door for a larger rally toward $0.60 in the months ahead, especially if exchange listings materialise.

On the downside, however, Pi coin remains closely tied to broader market sentiment and Bitcoin’s movements.

Any sustained weakness in the wider crypto market could push PI back toward $0.30 support.

The post Pi Network launches Linux Node and protocol upgrades: PI coin sees largest gain in days appeared first on CoinJournal.