Solana News

PANews reported on August 11th that OSL HK has become the first digital asset exchange in Hong Kong to support retail trading of Solana ( SOL ). Officials announced that

PANews reported on August 11th that @ai_9684xtpa monitored FTX/Alameda's redemption of 190,832.4 SOL tokens, valued at $35.52 million, from staking accounts an hour ago. Based on previous on-chain transactions, this

PANews reported on August 9th that BlackRock, according to The Block, has stated that it currently has no plans to submit an XRP or SOL ETF. Companies including ProShares, 21Shares,

GMXSOL, the Solana-based decentralized leveraged trading platform, has launched its first real-world asset perpetual contract for the exchange-traded fund that tracks the S&P 500. Decentralized finance protocol GMXSOL, which is built on the Solana (SOL) blockchain, debuted the real-world assets…

PANews reported on August 7th that the Orca DAO, associated with Solana's liquidity protocol Orca, has proposed a new governance plan, staking up to approximately 55,000 SOL to Orca validators

PANews reported on August 6th that according to Lookonchain, a trader named "frostx.sol" purchased 20.91 million TROLL tokens for $2,900 three months ago. He subsequently sold 2.55 million TROLL tokens

Solana Mobile has initiated the rollout of its second-generation Seeker smartphone, with an initial pre-order batch of 150,000 devices now shipping to customers across more than 50 countries worldwide. The company confirmed through an August 4 announcement on X that tens of thousands of Seeker units are currently en route to customers. Early recipients have verified the delivery and reported that the device is priced between $450-$500, featuring premium specifications including a MediaTek 8-core processor, 8GB of RAM paired with 128GB of storage, and a 4,500mAh battery with wireless charging capability. I just completed the shipment process for my @solanamobile phone today. Looking forward to see the phone. Solana Seeker Specs 🔍 ▪︎ Processor: MediaTek Dimensity 7300 (8-core) ▪︎ Memory: 8GB RAM + 128GB UFS 3.1 ▪︎ Display: 6.36″ AMOLED, 2670×1200 resolution, 120Hz refresh… pic.twitter.com/RdLaa6h2Ma — Engr Gudbee || Craftiaxops (@0xEngr_gudbee) August 2, 2025 The Seeker also comes with Web3-specific functionalities such as side fingerprint authentication via Seed Vault Wallet integration and an enhanced Solana dApp Store. Solana Seeker’s Decentralized Mobile Infrastructure Challenges Apple & Google Tech The Solana Seeker smartphone, first revealed in September 2024 , represents the successor to the Saga, Solana’s inaugural crypto-native device in its series of Web3-integrated mobile offerings. Market projections suggest the Seeker is positioned to generate approximately $67.5 million in gross revenue for Solana Mobile, a subsidiary of blockchain technology firm Solana Labs. Through the Seeker, Solana Mobile seeks to decentralize device economics and incentive structures. This vision is powered by TEEPIN (Trusted Execution Environment Platform Infrastructure Network), a technological framework. The system connects hardware components, verified software, users, and network Guardians to establish a truly decentralized mobile platform. Emmett Hollyer, general manager at Solana Mobile, emphasizes that the Seeker focuses on creating “rewarding” ecosystem connections rather than traditional mobile experiences. 📽️ The future of mobile crypto is almost here – Seeker ships August 4th! @solanamobile GM @m_it unpacks the native SKR token, TEEPIN security stack, a growing dApp store 2.0, and opening the ecosystem to new devices. 👉Can it become the gold standard for mobile crypto? pic.twitter.com/m8HThsr2qU — SolanaFloor (@SolanaFloor) May 30, 2025 Hollyer explains, “ It revolutionizes the conventional mobile business model by providing stakeholders with actual platform ownership. “ Anatoly Yakovenko, co-founder and CEO of Solana Labs, articulates the ambitious goal of establishing a premium mobile ecosystem capable of competing with industry giants Google and Apple. He further elaborates on the technical possibilities: “ For instance, when the Seeker mobile generates proprietary keys guaranteed against leakage, it can implement independent double-spend protection completely offline. Users could transmit or receive tokens, even execute smart contracts, without blockchain interaction or finalization delays. “ Solana SKR Token Airdrop Could Mirror BONK’s 30M Token Bonanza The Solana Seeker includes a Genesis NFT providing owners access to future airdrops, exclusive content, and reward programs, with particular focus on the planned native ecosystem token, SKR . SKR represents the native ecosystem token for Solana mobile devices, operating on Solana’s layer-1 blockchain and expected to be “airdropped directly to builders and users for ecosystem participation.” Many industry observers believe the SKR token airdrop could replicate the success of the BONK airdrop that revitalized Saga sales after months of sluggish performance. Market sentiment suggests strong potential for rapid sellout and contribution to the anticipated “Solana summer” positive momentum. The Solana Network and its ecosystem have demonstrated strong performance throughout 2025, positively influencing SOL cryptocurrency valuations. While SOL remains down year-to-date, the asset shows renewed upward momentum and appears positioned to challenge the $200 resistance level. Source: TradingView The Seeker mobile rollout announcement has already driven SOL prices up by 2.12%, with many analysts believing further gains could mirror the 14% surge witnessed when the Android device was initially unveiled at Token 2049 in Singapore. The potential approval of the first spot SOL ETFs by the SEC could serve as an additional rally catalyst. Recently, major firms, including Bitwise, Fidelity, Grayscale, Franklin Templeton, VanEck, Canary Capital, and CoinShares, submitted amended S-1 registration statements to the U.S. Securities and Exchange Commission, increasing approval odds to over 95% . 🤖 ChatGPT's 42-signal $SOL analysis flags critical $160 breakout amid historic staking ETF launch exploding with $33M first-day volume ranking top 10 ETF launches of 2025. #ChatGPT #Solana https://t.co/zE7OCtbBqE — Cryptonews.com (@cryptonews) July 3, 2025 Should these developments progress favorably, SOL could target the $200-$250 range by fall, positioning the Seeker launch within a broader positive market cycle for the Solana ecosystem.

PANews reported on August 5th that publicly listed company Upexi (NASDAQ: UPXI ) announced that its Solana ( SOL ) holdings surged 172% in July , reaching 2,000,518 Solana tokens

Verb Technology Company, Inc. (Nasdaq: VERB) is set to become the first publicly listed company to adopt Toncoin ($TON) as a core treasury asset, following the announcement of an upsized and oversubscribed private placement expected to generate $558 million in gross proceeds. The PIPE (private investment in public equity) deal involves the sale of approximately 58.7 million shares, including pre-funded warrants, priced at $9.51, matching VERB’s Nasdaq closing price on August 1. The transaction is expected to close on or around August 7, pending standard regulatory and procedural approvals. Verb Technology (Nasdaq: VERB) announced a $558M private placement to launch the first publicly listed Toncoin (TON) treasury strategy company, rebranding as TON Strategy Co. (TSC). Led by Kingsway Capital, the deal attracted 110+ institutional and crypto-native investors.… — Wu Blockchain (@WuBlockchain) August 4, 2025 As part of its strategic overhaul, the company plans to rebrand as TON Strategy Co. (TSC) and convert the bulk of the proceeds into Toncoin, the native token of The Open Network. The move indicates a major shift into blockchain-native treasury management and is expected to position the firm among the largest institutional holders of Toncoin worldwide. TON Strategy Co. Bets on Toncoin’s Future as Telegram-Backed Ecosystem Gains Global Traction Unlike the Bitcoin-centric strategies seen in firms like MicroStrategy or Metaplanet, TSC’s model is Toncoin-focused, anchored in a growing ecosystem supported by integrations with the messaging platform Telegram and a rising decentralized finance (DeFi) sector. Telegram and the TON Foundation recently cemented TON’s role as the exclusive blockchain for the platform. TON now powers Telegram Ads and tokenized assets like usernames and NFTs, and it is the only network approved for Telegram’s mini-apps. Integrated directly into the messenger, TON Wallet launched this quarter for 87 million U.S. users, with Telegram boasting over one billion monthly active users worldwide. At press time, Toncoin ranks #33 by total value locked (TVL) on DeFi platforms, holding $155.56 million. Its stablecoin market cap stands at $782.13 million, reflecting a 17% gain over the past week. Additionally, the company stated that its Toncoin holdings will serve as both a store of value and a source of income, generating yield through staking mechanisms designed to be cash-flow-positive over time. At the close of the transaction, the company seeks to retain 77% of the capital raised in liquid assets, allowing it to acquire up to 5% of Toncoin’s current circulating market capitalization. About 36% of VERB’s share capital will be subject to a lock-up of six to twelve months. TSC Follows SOL Strategies’ Playbook with Toncoin Bet While TON Strategy Co. (TSC) prepares for its transition into a crypto treasury vehicle, it has affirmed that its core business operations will remain active and are expected to grow alongside its digital asset exposure. The strategy echoes a similar path recently taken by SOL Strategies, which became the first public company to adopt a phased acquisition model centered around Solana. In 2025, the firm raised $500 million via a convertible note to fund its SOL treasury and take part in validator operations. 📈 @solstrategies_ files for $1B financing flexibility to capitalize on Solana ecosystem growth through a preliminary base shelf prospectus. #Solana #SOL https://t.co/9JYsJMqfc9 — Cryptonews.com (@cryptonews) May 27, 2025 SOL Strategies , formerly known as Cypherpunk Holdings, has evolved into one of the most ambitious institutional validators on the Solana network. The company has accumulated over 260,000 SOL, with roughly 60% staked through institutional validators, yielding between 6% and 8%. Public wallet activity indicates consistent accumulation and a preference for native staking methods, rather than third-party custodians. TSC’s move to anchor its treasury in Toncoin may indicate a broader institutional shift toward integrating emerging Layer-1 assets with real user bases, particularly those embedded within social platforms like Telegram. Despite the headline-making announcement, Toncoin ($TON) saw a mild setback, falling 3.3% on the day. The pullback comes amid broader market volatility and profit-taking following a recent rally. Still, investor enthusiasm around the treasury initiative appeared firmly intact, at least on the equity side. Shares of Verb Technology Company Inc. (VERB) soared 193.38% on August 4, trading at $27.40 by mid-morning.

PANews reported on August 4th that, according to GlobeNewswire , DeFi Development Corp. ( Nasdaq: DFDV ) announced the purchase of 110,466 Solana ( SOL ) tokens at an average