DeFi Development Corp., formerly Janover Inc., priced its CHAD preferred stock at $8 per share, raising $11 million to expand its Solana treasury. The preferred shares offer a 13% annual dividend paid daily and are perpetual and nonconvertible, giving holders priority over common stock in dividends and liquidation. The funds will be used to buy more Solana (SOL) tokens and support staking activities, reinforcing the company's unique strategy as a US public firm focused on a Solana-centric treasury. Investors should note the dividend rate is variable, and the company's heavy reliance on Solana exposes it to crypto market volatility.
Bitcoin surged above $82,000 on September 3 after $250 million in short positions were liquidated, triggering a $758 million total crypto market liquidation dominated by shorts. This short squeeze fueled a 21% rally in Zcash and notable moves in Ethe...
The SEC issued Order No. 34-106268 approving XRP and Solana as digital commodities alongside Bitcoin and Ether, allowing actively managed crypto ETFs to hold up to 15% of assets in these coins. This regulatory clarity sparked a $566.9 million short s...
Solana (SOL) recently broke above the key resistance level of $97.70, turning it into support and trading around $105. This breakout signals a bullish setup with the next major resistance at $120.23, followed by $146.56 if momentum continues. However...
Solana (SOL) surged 5.31% to $104.98 following a breakout from a cup-and-handle pattern, signaling strong buyer interest and a possible rise to $500. Trading volume increased by 12.10%, and open interest rose, indicating growing speculative activity....
Bitcoin surged to an intraday high of $82,108 before settling near $81,050, marking a 4.5% gain amid an ongoing rally. Despite this strong performance, Fidelity Digital Assets cautions that the rally alone does not confirm the end of the bear market....
