Solana (SOL) has reclaimed the $200 mark after falling to around $155 in late July, following the renewed interest in the market amid the ongoing altcoin season rally.

According to CryptoSlate’s data, the digital asset rose by more than 14% in the last 24 hours from $175 to as high as $202 as of press time.

The rally pushed the network’s market capitalization above $100 billion, signalling the renewed investor confidence the digital asset had drawn.

Market sentiments around Solana remain largely bullish, with crypto bettors on Polymarket expecting further price increases.

According to the platform’s data, around 84% of participants expect SOL to hit $210, while 43% believe the token could set a new all-time high before the end of 2025.

DeFi TVL rises

Meanwhile, Solana’s decentralized finance ecosystem is also experiencing significant growth.

Data from DeFiLlama shows that total value locked (TVL) in SOL terms hit more than 58 million tokens this week, marking the highest level in over three years.

Moreover, the dollar value of assets locked on the network has exceeded $11 billion for the second time this year, a milestone last reached in January.

At the same time, Solana’s decentralized exchange (DEX) activity has also maintained its lead over Ethereum for ten consecutive months.

Solana treasury companies

In addition to the current market trends, institutional activity appears to be supporting Solana’s gains.

As of the end of July, CoinGecko reported that Upexi, Inc. has emerged as the largest publicly traded holder of Solana, with 1.9 million SOL acquired at an average price of $168.63. These holdings are currently valued at $319.5 million.

Close behind is DeFi Developments Corp, which owns 1.18 million SOL purchased at an average of $137.07, now worth $198.9 million. This reflects an unrealized profit of approximately $36.8 million.

In addition, Toronto-based SOL Strategies holds 392,667 SOL, bought at an average of $158.12, representing an unrealized gain of about $3.9 million. Torrent Capital, while maintaining a smaller position of 40,039 SOL acquired at $161.84, is also in profit by roughly $200,000.

In total, these four firms collectively control over 3.5 million SOL, with a combined market value exceeding $591 million.

This represents about 0.65% of the circulating supply, underlining the growing appetite among publicly listed companies for Solana exposure and highlighting increasing institutional confidence in the asset’s long-term potential.

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• Robinhood has listed Floki Inu and Ondo Finance tokens.
• The move grants the duo exposure to Robinhood’s massive 25M user base,
• FLOKI sheds its meme status, while Ondo fuels the RWA narrative.

Digital tokens have staged recoveries on Thursday as the global crypto market cap increased by over 3% in the past day to $3.83 trillion.

While Ethereum’s jump past $3,850 has renewed the ‘altseason’ narrative, commission-free trading site Robinhood has boosted FLOKI and ONDO’s momentum with today’s listing.

$FLOKI and $ONDO are now available to trade on Robinhood. pic.twitter.com/RxZlKtaCOS

— Robinhood (@RobinhoodApp) August 7, 2025

The leading trading platform in the United States has officially listed FLOKI and ONDO.

Meanwhile, this is beyond a listing. It is a key step toward crypto mainstream adoption.

The listing will open Floki Inu and Ondo to Robinhood’s over 25 million users.

Furthermore, crypto-curious investors can explore the meme and RWA assets on a regulated platform.

The listing news extended the altcoins’ 24-hour gains to nearly 10% amid renewed retailer appetite.

Floki continues to shed its meme status

Floki Inu has witnessed a conventional journey in the crypto world.

While initially criticized as another meme asset relying on hype, the team has quietly built a robust ecosystem.

The project now boasts a vivid metaverse gaming world, Valhalla.

Also, it launched the FlokiFi Locker LP token to amplify DeFi security.

Moreover, crypto enthusiasts can tap into the University of Floki to learn about the blockchain industry.

Licensed trading platforms are now recognizing the developers’ efforts.

Commenting on Robinhood support, the team stated:

Floki has gone from a meme to a movement, and now it’s sitting alongside the most recognizable assets in crypto and finance, easily accessible to the next wave of everyday investors.

$FLOKI is Now Listed on the Robinhood App

This marks a huge step forward for Floki, unlocking access to 25+ million users on the most influential retail trading platform in the world.

Floki has gone from a meme to a movement, and now it’s sitting alongside the most recognizable… https://t.co/iAdne5mgZe pic.twitter.com/5ka7ZHMTWi

— FLOKI (@FLOKI) August 7, 2025

The listing places Floki in a massive investor pool, while enriching its legitimacy.

Robinhood App users can now access the meme token alongside established assets, including Ethereum, Bitcoin, and HBAR.

Ondo: the RWA driver

Ondo Finance has dominated crypto trends in the past months, attracting users due to its unique approach, prioritizing institutional-level finance.

It aims to bring real-world assets like US Treasuries, property, and bonds on-chain.

Ondo is bringing global markets onchain.

Flipping the switch to a more open, modern financial system. pic.twitter.com/vvdZjtSpvh

— Ondo Finance (@OndoFinance) August 7, 2025

Ondo boasts a lucrative product lineup.

The OUSG exposes investors to short-term US government bonds.

Further, it hosts asset-backed tokens like ENA for on-chain yield hunters.

Moreover, the project has entered strategic collaborations with traditional giants like BlackRock, MasterCard, and Goldman Sachs.

Indeed, RWA tokenization is becoming a hot narrative in the blockchain space.

Institutions seeking to join the craze are looking for secure and regulated channels, and Ondo remains at the forefront of this momentum.

FLOKI and ONDO price actions

The altcoins exhibited bullish trajectories, fueled by the ongoing crypto market rebound and Robinhood listing.

Floki Inu hovers at $0.0001117 after an over 8% increase on the daily chart.

ONDO surged 7.7% in the past 24 hours to trade at $0.9820.

However, the weak trading volumes signal short-lived gains, unless accompanied by a continued broad market recovery.

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Ripple is doubling down on its ambitions in the stablecoin payments space with the acquisition of Rail, a global settlement platform known for its speed and enterprise-grade automation.

The deal, valued at $200 million, was announced on Aug. 7 and is expected to close in the fourth quarter of 2025. Meanwhile, it is still subject to regulatory approval.

Ripple President Monica Long said the integration of Rail would position the company at the forefront of stablecoin adoption in global finance. She noted that stablecoins are rapidly becoming essential to modern payment systems and that Rail’s technology will help accelerate the shift from legacy rails to faster, blockchain-based solutions.

What does this mean for RLUSD?

This acquisition underlines Ripple’s ambition to cement its role as a leader in corporate digital asset infrastructure and to scale its stablecoin offering, RLUSD, into a dominant force in cross-border transactions.

Rail’s platform was designed to streamline B2B payments using stablecoins, and by 2025, it’s expected to process over 10% of the estimated $36 billion global stablecoin business payments market.

The combined platform will allow enterprises to initiate, route, and settle payments in multiple currencies and digital assets, including RLUSD and XRP, through a unified infrastructure.

That projection makes the platform a strategic asset for Ripple as it races to offer a more agile, secure, and scalable alternative to traditional systems.

Long underlined the importance of the deal, stating:

“Ripple has one of the most widely used digital asset payment networks in the world, and this acquisition underscores our commitment to helping our global customer base to move money wherever and whenever they need.”

Apart from that, the acquisition is poised to remove major bottlenecks for enterprise clients by combining Ripple’s deep regulatory licensing footprint and liquidity tools with Rail’s real-time settlement technology.

Moreover, Ripple will be better equipped to serve institutions looking to move funds globally without the operational burdens of holding crypto directly or dealing with fragmented banking partners.

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Crypto Journalist

Amin Ayan

Crypto Journalist

Amin Ayan

About Author

Amin Ayan is a crypto journalist with over four years of experience in the industry. He has contributed to leading publications such as Cryptonews, Investing.com, 99Bitcoins, and 24/7 Wall St. He has…

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July 23, 2025

Australia’s only ASX-listed cryptocurrency fund manager, DigitalX, has increased its Bitcoin holdings with the purchase of 74.7 BTC for approximately $8.8 million.

The move brings its total holdings to 499.8 BTC, valued at around $91.3 million, the firm announced Tuesday.

The latest purchase was executed at an average price of $117,293 per coin.

DigitalX’s Bitcoin Treasury Tops $100M with Combined Holdings

Of the nearly 500 BTC, 306.8 are held directly on the company’s balance sheet, while 193 BTC are managed through its stake in the DigitalX Bitcoin ETF.

Combined, the company’s digital asset treasury now exceeds $100 million.

This marks DigitalX’s second major Bitcoin acquisition in July, following a 57.5 BTC purchase earlier in the month.

The company raised $13.5 million earlier this month to fund further Bitcoin buys and expand its strategic advisory board, which now includes Animoca Brands’ Yat Siu and Web3 veteran Hervé Larren.

Of the capital raised, $12.8 million has already been allocated to Bitcoin accumulation. The remaining funds are intended for general operations and working capital.

“We’re focused on building a long-term position in Bitcoin,” said Leigh Travers, DigitalX’s non-executive chairman and director of capital markets at Animoca Brands.

The strategy aligns DigitalX with a broader corporate trend that began with MicroStrategy, now known as Strategy.

Under Michael Saylor’s leadership, the U.S.-based business intelligence firm holds over 597,000 BTC, establishing it as the largest institutional holder.

The trend is spreading across Asia as well, with Metaplanet — dubbed “Asia’s MicroStrategy” — steadily building its own Bitcoin treasury through equity and debt fundraising.

Other publicly traded firms from outside the crypto sector are also following suit.

Hong Kong’s DDC Enterprise, known for its food brands, recently raised $528 million to build a Bitcoin treasury.

Canada’s Solar Bank, a renewable energy company, has also declared plans to acquire BTC, despite environmental criticisms.

Advocates argue that a growing share of Bitcoin mining is powered by clean energy.

Doubts Grow Over Long-Term Viability of Bitcoin Treasury Strategy

Skepticism around the sustainability of the Bitcoin treasury trend is growing.

Last month, Glassnode lead analyst James Check raised concerns over the longevity of the corporate Bitcoin treasury strategy, arguing the easy gains might already be gone for new entrants as the market matures.

The warning echoes recent comments from Matthew Sigel, head of digital asset research at VanEck, who has voiced concerns over the Bitcoin treasury strategies adopted by some publicly traded firms.

Sigel singled out the use of at-the-market (ATM) share issuance programs, arguing that these can become dilutive if a company’s stock price nears its Bitcoin net asset value (NAV).

Meanwhile, New York law firm Pomerantz LLP has filed a class action lawsuit against Michael Saylor’s Strategy, accusing the Bitcoin-focused firm of misleading investors about the profitability and risks of its crypto investment strategy.

Crypto Journalist

Amin Ayan

Crypto Journalist

Amin Ayan

About Author

Amin Ayan is a crypto journalist with over four years of experience in the industry. He has contributed to leading publications such as Cryptonews, Investing.com, 99Bitcoins, and 24/7 Wall St. He has…

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Last updated: 

July 22, 2025

Singapore-headquartered edtech firm Genius Group has doubled its Bitcoin holdings to 200 BTC after acquiring 20 BTC last week, part of a wider strategy to build a 10,000-BTC treasury.

The latest purchase, announced Tuesday, was made at an average price of $106,812 per BTC, significantly below the market range of $117,000 to $120,600 that day, per Nansen data.

The $2.14 million acquisition brought Genius Group’s total Bitcoin reserve to $2.35 million in value at the time of writing, with an unrealized gain of $216,000.

Genius Group Makes Fourth Bitcoin Purchase in July

It’s the company’s fourth purchase this month, following acquisitions of 20 BTC on July 2, 28 BTC on July 8, and 32 BTC on July 13, according to BitcoinTreasuries.NET.

Genius Group aims to scale its holdings to 1,000 BTC by the end of 2025, eventually hitting 10,000 BTC over two years.

The initiative is supported by U.S. legislative developments, particularly the Government Evaluation of New Innovations in the United States (GENIUS) Act, which the firm says will enable the expansion of its blockchain-based learning ecosystem.

Part of that ecosystem is Genius Academy, a blockchain-powered platform where students earn Genius Education Merits (GEMs), tokens equivalent to one satoshi.

Though not currently convertible to fiat or crypto, GEMs function like airline points and may become part of a stablecoin system pending regulatory approvals.

The company is pursuing a Permitted Payment Stablecoin Issuer (PPSI) license and a separate Digital Asset Service Provider (DASP) license.

The licenses would allow Genius Group to tokenize GEMs into a usable digital currency within its platform and facilitate stablecoin payments to educators and partners.

It also plans to develop on-chain course certifications recognized as regulated digital assets, granting educators blockchain-based IP rights.

Genius Group’s broader vision includes real-world integration: retreats and accelerators where participants can pay using GEMs or the future stablecoin for services like lodging and meals.

Ethereum Poised to Gain Most From GENIUS Act

Meanwhile, Ethereum stands to benefit most from the GENIUS Act, according to Ether Machine CEO Andrew Keys, who noted that “90% of tokenized assets and stablecoins are deployed on Ethereum.”

He likened Ethereum’s dominance in tokenization to Google’s in internet search, citing its infrastructure’s role in making the stablecoin ecosystem possible.

Public companies are increasingly adding altcoins like Ether (ETH), Solana’s SOL, and XRP to their treasury strategies, according to a report from Animoca Brands Research.

Michael Saylor’s Strategy popularized this model by holding over 600,000 Bitcoins as a hedge against inflation and currency devaluation.

Just recently, BIT Mining announced plans to raise between $200 million and $300 million to build a Solana (SOL) treasury as part of a broader expansion into the fast-growing blockchain ecosystem.

Last week, DeFi Development Corp. revealed that it has acquired $2.7 million worth of Solana as part of its aggressive crypto treasury strategy.

President Donald Trump said Bitcoin (BTC) transactions “take a lot of pressure off the dollar” and argued that US leadership in digital assets blocks China from dominating the sector.

He made the comments during a White House press conference on June 27, which was held after what he described as a major Supreme Court victory for his administration.

Trump called cryptocurrency “an industry” and said he became a “fan of crypto” several years ago. He noted that Bitcoin and other tokens fell less than equities during the most recent market decline and claimed the US has “created a very powerful industry” that now produces jobs and investment. 

He added that more merchants now accept Bitcoin for payments and repeated his view that if the US did not nurture digital assets, “China would.”

Personal holdings contested on Capitol Hill

A reporter asked whether Trump would pause his family’s cryptocurrency ventures so that undecided Democrats might support pending digital asset legislation.

Trump declined, stating that his sons manage the portfolio and that he “doesn’t care about investing” while in office. He said that US dominance of the sector matters more than personal finance and insisted that his involvement did not hinder congressional negotiations.

The President’s family is currently involved in World Liberty Financial (WLFI), a credit market with its own stablecoin, USD1. 

Additionally, they formalized ties with the team behind the TRUMP memecoin on June 6, with Eric Trump adding that the WLFI would acquire a substantial position in the token for their treasury.

Draft bills in the House and Senate aim to provide clarity on topics related to cryptocurrency, such as determining when tokens qualify as securities, establishing a federal license for trading platforms, and creating a framework for stablecoins in the US. 

Democratic sponsors have urged Trump to divest to help the measures advance but the president said statutory debates should proceed on their own merits. As a result, a delay in approving the GENIUS Act happened, which only recently left the Senate to progress in the House.

Meanwhile, Trump  recently called for a clean version of the stablecoin-focused bill to streamline its approval and create clarity for this market in the US.

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