Latest news with #SolanaFoundation
Yahoo
3 days ago
- Business
- Yahoo
SOL Surges 8%, With Its CME Futures Volume Hitting an All-Time High
Solana's SOL token SOL is trading at $145.47, up 7.63% in the past 24 hours, as traders responded to a breakout surge backed by strong futures activity. The rally gained traction after a sharp bounce from $133.55 to $144.10, supported by above-average trading volumes during the 17:00 and 22:00 hours, according to CoinDesk Research's technical analysis model. Per a post on X earlier today by crypto analytics firm Glassnode, CME futures volume for SOL hit an all-time high of 1.75 million contracts, reflecting an increase in institutional interest. This marked the highest volume level since the exchange introduced SOL futures in March, signaling aggressive positioning by sophisticated market participants as price approached the $145 zone. In a separate development with longer-term significance, Kazakhstan's government issued a press release on May 30 announcing the creation of the Solana Economic Zone Kazakhstan (SEZ KZ), the first such initiative in Central Asia built on Solana's blockchain. The launch event took place in Astana with support from the Solana Foundation and government agencies. According to the Ministry of Digital Development, Innovation and Aerospace Industry, the SEZ will serve as a testbed for asset tokenization, blockchain engineering education, and foreign startup onboarding. The SEZ initiative includes three strategic pillars: Tokenized Capital Markets: A pilot program with AIX, Solana Foundation, Jupiter, and Intebix aims to introduce tokenized financial instruments into Kazakhstan's infrastructure. Web3 Talent Development: A nationwide blockchain education initiative will be launched in partnership with universities and Astana Hub. Startup Onboarding: With support from Forma, the country plans to attract international Web3 firms through infrastructure access, regulatory clarity, and business incentives. Technical Analysis Highlights SOL gained 7.63%, climbing from $133.55 to $145.47 within a $15.94 range. The sharpest rally occurred at 22:00, when price spiked to $146.90 on 3.92M volume. A high-volume support level was established at $132.43 during the 17:00 hour. SOL entered a consolidation zone between $143 and $146 with resistance at $146.55. A V-shaped recovery followed a dip from $144.88 to $143.59. Strong support emerged at $143.60 with 38,097 SOL volume at 13:53. A short-term support band formed between $143.60 and $143.80. Immediate resistance was observed at $144.30. Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.
Associated Press
4 days ago
- Business
- Associated Press
Korea Blockchain Week 2025 Announces Donald Trump Jr as Keynote Speaker With Sui, Stable, and 0G as Conference Partners
SEOUL, South Korea, June 24, 2025 /PRNewswire/ -- Korea Blockchain Week 2025 (KBW2025), Asia's leading Web3 conference, has released its second speaker line-up and confirmed its lead partners. A host of major figures from Web3 and global institutions have been selected as keynote speakers at the September event including American Bitcoin's Donald Trump Jr. Set to take place at the Walkerhill Hotel & Resort in Seoul on September 23-24, KBW2025 will feature conference partners Sui, Stable, and 0G, who will be represented by Adeniyi Abioduni, Joshua Harding, and Michael Heinrich respectively. Donald Trump Jr., a prominent businessman and the eldest son of President Donald Trump, is a key figure in crypto mining company American Bitcoin. With his extensive business acumen and strategic vision, he is propelling American Bitcoin to the forefront of the global crypto mining industry. Donald Trump Jr. leads the second round of speakers for KBW2025 which include the President of Solana Foundation, Lily Liu, who was also the former co-founder of which was acquired by Coinbase. Other speakers confirmed for the event are Keone Hon of Monad Foundation; Guy Young from Ethena Labs; Sentient's Sandeep Nailwal; Austin Federa of Double Zero; Farokh Sarmad from Rug Radio; Sebastien A from Sophon; and Charlie Hu of Bitlayer Lab. They join already confirmed speakers such as US Bitcoin co-founder and CEO Mike Ho, legendary crypto figurehead Arthur Hayes and Bybit's Ben Zhou. The lead conference partners for KBW2025 are Sui, Stable, and 0G. Sui's innovative Layer 1 blockchain platform, developed by Mysten Labs, enables anyone to own and utilize digital assets quickly and with privacy protection. Adeniyi Abiodun, co-founder and Chief Product Officer of Mysten Labs and a former Meta executive, will speak at the event, sharing insights on global Web3 adoption. Stable, also joining as a conference partner, is backed by Tether, the issuer of USDT. Stable aims to provide a stable and efficient transaction environment by using USDT as a transaction fee token and to serve as an infrastructure solution for enterprise payments. Joshua Harding, Stable's CEO, is expected to offer insights at KBW2025 on how stablecoin-based blockchain infrastructure will impact and create opportunities in the future financial markets. The third conference partner, 0G, is a modular Layer 1 blockchain project that positions itself as a decentralized AI operating system by integrating artificial intelligence with blockchain technology. Designed to support unrestricted scalability, it enables next-generation AI applications to run directly on-chain. Michael Heinrich, co-founder and CEO of 0G, will speak at the event, offering perspectives on the future shaped by the convergence of Crypto and AI, along with the opportunities and challenges it presents. KBW2025 brings together Crypto builders, entrepreneurs, and institutional investors to explore key topics ranging from AI to RWA tokenization. Delegates who attend the week-long event in September will be treated to a keynote from Eric Trump, renowned businessman and second son of the current US President. Korea Blockchain Week (KBW) has grown into Asia's premier blockchain gathering, delivering a dynamic week-long experience that blends an in-depth conference with hackathons, networking sessions, art showcases, and cultural celebrations. Acting as a vital link between South Korea's vibrant market and the global Web3 ecosystem. KBW2025 will emphasize real-world applications and international cooperation, solidifying Seoul's position as a global epicenter for Web3 innovation and investment. Attendees can anticipate a rich mix of networking opportunities, side events, and cultural immersion, ensuring a memorable experience. As a flagship event for the global Web3 community KBW2025 will serve as a nexus for the industry's sharpest minds to collaborate and innovate. About Korea Blockchain Week Korea Blockchain Week (KBW), founded by FACTBLOCK in 2018, is an annual Web3 festival held in Seoul, South Korea. It serves as a premier conference for blockchain and Web3 leaders to discuss industry trends, network, and exchange knowledge. As one of the crypto industry's longest-running events, KBW is a cherished institution that welcomes thousands of delegates for a week of conferences interspersed with cultural and networking events. Learn more: About FACTBLOCK FACTBLOCK is a Web3 ecosystem builder committed to enhancing blockchain integrity since 2018. Through initiatives like Korea Blockchain Week and FABLO, it connects global and Korean blockchain communities, promotes education, and supports innovation in decentralized technologies. Learn more: Contact Director of FACTBLOCK Youngil Jung [email protected] Photo: View original content to download multimedia: SOURCE Korea Blockchain Week
Web Release
09-06-2025
- Business
- Web Release
Solana Partners with VARA to Accelerate Crypto Growth in Dubai
In a significant development for the blockchain sector, the Solana Foundation has entered into an official partnership with Dubai's Virtual Assets Regulatory Authority (VARA). On 2 June, both parties signed a Memorandum of Understanding (MoU), committing to foster a more integrated and robust cryptocurrency community in Dubai and beyond. The collaboration is expected to promote innovation, support skilled professionals, and enhance the regulation and success of virtual assets. Solana and Dubai Collaborate to Create Blockchain Startup Zone This partnership outlines concrete objectives and key areas of collaboration. These include initiatives focused on talent development, industry data sharing, and hosting workshops tailored for cryptocurrency project founders. As part of the agreement, the IDO will assist the Solana Foundation in establishing a dedicated 'Solana Economic Zone' in Dubai, which will serve as a hub for Solana-affiliated startups, developers, and entrepreneurs. Cryptocurrency remains a core focus of Dubai's forward-thinking initiatives. The city, already recognised globally as a leading digital asset hub, benefits from Solana's alignment with VARA. This collaboration strengthens Dubai's position by connecting international blockchain professionals with the emirate's regulatory framework, promoting both innovation and security.
Arabian Post
03-06-2025
- Business
- Arabian Post
Solana and Dubai Forge Strategic Blockchain Alliance
Solana Foundation has formalised a partnership with Dubai's Virtual Assets Regulatory Authority , marking a significant step in integrating blockchain innovation within the emirate's regulatory framework. The Memorandum of Understanding , signed on 3 June 2025, outlines collaborative initiatives aimed at fostering a robust crypto ecosystem in Dubai. Central to this alliance is the establishment of the Solana Economic Zone in Dubai, envisioned as a hub for developers, entrepreneurs, and startups operating on the Solana blockchain. This zone is designed to provide access to Dubai's progressive regulatory environment, including sandboxes and talent networks, positioning the city as an attractive destination for international Web3 projects. The partnership encompasses talent development programs, regulatory workshops, ecosystem research, and market insight sharing. Solana Foundation and VARA plan to co-host events, offer policy guidance, and support Solana-based startups in or relocating to Dubai. An integral component of the agreement is the sharing of anonymised data to evaluate the impact of digital assets on employment and economic growth within the UAE. ADVERTISEMENT Lily Liu, President of Solana Foundation, emphasised the strategic importance of this collaboration, stating that it represents a new chapter for Solana in the MENA region. She highlighted Dubai's leadership in regulating and fostering digital assets, noting that the partnership bridges builders and regulators in one of the fastest-growing crypto hubs globally. Henson Orser, CEO of VARA, welcomed the collaboration, reinforcing the authority's commitment to building a future-forward economy powered by innovation, trust, and inclusion. He acknowledged the potential of the Solana Economic Zone to attract international projects seeking to scale operations under a progressive regulatory framework. The announcement has had a positive impact on Solana's market performance. Following the news, the SOL token experienced a modest increase, trading around $160, with a 4% rise observed on the day of the announcement. Market analysts interpret this as a bullish signal for Solana's long-term outlook, reflecting growing confidence in the ecosystem and broader adoption.
Crypto Insight
24-05-2025
- Business
- Crypto Insight
Solana ‘will make everyone an investor' — Solana nCMO
The current structure of capital markets is failing to serve a broad base of investors, according to Akshay BD, non-chief marketing officer at the Solana Foundation. During a panel at the Accelerate 2025 conference, Akshay argued that blockchain technology could help address these shortcomings, claiming that Solana could 'make everyone an investor or a dreamer over time.' Akshay noted growing uncertainty among investors, citing concerns from investment managers who report heightened anxiety among clients. 'You have low bond yields, you have asset price bubbles, and people don't really know how the traditional asset allocation model works anymore,' he said. The 60-40 portfolio hasn't delivered consistent returns in a long time.' He attributed some of this tension to a widening gap between income earned through wages and wealth accumulated through asset ownership. Retail investors, he added, are often locked out of private markets, which are typically accessible only to accredited investors — a dynamic that may be contributing to overheated public markets. Akshay warned that the rapid advancement of artificial intelligence could further deepen existing economic divides. 'The question is, which way do we go?' he asked. 'Is it […] universal basic income, where we're essentially creating a welfare economy to support those unable to keep jobs or own assets? Or is it what we propose, universal basic ownership, where everybody with a mobile phone can own assets?' He outlined a vision in which crypto infrastructure enables broader asset ownership, allowing individuals to invest in everything from energy companies to local coffee shops through tokenization. In this model, acquiring an ownership stake could be as easy as scanning a QR code. In the Solana ecosystem, the 'Non-Chief Marketing Officer' (nCMO) is a role within the Solana Foundation that focuses on supporting the Solana community's marketing efforts. Markets remain above historical averages Public equity markets in the US have been trading above their historical valuation norms for a long time. According to data from market analytics firm Multpl, the S&P 500's price-to-earnings (P/E) ratio has consistently remained above 19.6 since December 2018, higher than the index's historical average P/E ratio of around 16.1 and suggesting that investors have been willing to pay a premium for earnings in recent years. Zooming out, the S&P 500's average valuation has been gradually rising for decades, driven by factors such as low interest rates, growing corporate gains, and investor optimism about technology. However, high valuations have also coincided with periods of market corrections, like the dot-com crash and the 2008 financial crisis after the collapse of the subprime mortgage market. According to Akshay, a way to combat this overheating is to open up certain markets to retail investors, a lofty goal that some sectors of crypto, like RWA tokenization, aim to facilitate. Akshay noted that some entrepreneurs had tried this before, but the available technology didn't support this view. '[Crypto] starts with the game, and very quickly becomes profound.' 'What it gives you is the ability for you to financialize all the productive assets in an economy, so you can have anybody who participates in that economy be an owner of that economy,' he said. Source:
