Content Writer

Harvey Hunter

Content Writer

Harvey Hunter

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Harvey Hunter is a Content Writer at Cryptonews.com. With a background in Computer Science, IT, and Mathematics, he seamlessly transitioned from tech geek to crypto journalist.

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Last updated: 

September 9, 2025

Forward Industries (FORD) is one of many companies making the pivot toward a SOL treasury strategy, fuelling a growing number of bullish Solana price predictions.

The medical manufacturing company is set to become the largest Solana public treasury, with $1.65 billion in funding from Galaxy Digital, Jump Crypto, and Multicoin Capital to accumulate the altcoin.

The current leader, Upexi Inc. (UPXI), holds just over $1 billion in SOL.

Forward Industries aims to generate differentiated onchain returns and build long-term shareholder value through active participation in the Solana ecosystem.

As spot ETFs wait for SEC approval, FORD could serve as a bridge for traditional markets seeking exposure to SOL.

The move underscores a broader corporate shift, with non-financial firms increasingly adding crypto to their public treasuries, positioning SOL for deeper adoption as digital assets enter mainstream balance sheets.

Something which could accelerate in the coming weeks with the U.S. CLARITY Act, which stands to unlock sidelined capital from institutions waiting on regulatory clarity.

Solana Price Prediction: Can Solana 10x on Institutional Demand?

Solana teeters on the edge of a breakout as a confluence zone pushes SOL closer to escaping a rising wedge pattern that has held since the mid-April market bottom.

A support trendline forming throughout August now retests the upper boundary of the pattern in a potential breakout setup.

This comes as momentum indicators flip decidedly bullish. The RSI has found a stronger footing above the neutral line, reaching 60, confirming strong buy pressure driving the move.

The MACD has also formed a golden cross, surpassing the signal line after hovering indecisively above and below the signal line over the past week.

If this one lasts, it could confirm the start of a longer-term uptrend. With it, a breakout could propel Solana to retest its early-year all-time high near $300.

With this level reclaimed as support, the door opens for new price discovery with little historical support to limit upside, setting sights on the patterns projected $400 target for an 85% gain.

As the bull market matures, momentum could carry further. Greater TradFi demand from potential Solana ETF approval in October could push the Solana price to $1,000, marking a 380% gain.

However, a 10x gain from here to $2,100 is a more likely long-term target with continued institutional adoption.

The Biggest Solana Opportunities Lie in Its Ecosystem – Here’s How to Find Them

With up to 75 bsp of U.S. interest rate cuts expected before year-end, the altcoin market is in for an even stronger run as capital rotates into riskier plays.

Sure, the Solana price could climb 4x. But the true breakout gains are coming from the low-cap meme coins in its ecosystem, delivering 10x–1000x returns.

That’s where Snorter ($SNORT) steps in.

Its purpose-built trading bot is designed to detect momentum early, giving investors the chance to position before a coin goes mainstream, where the real gains start.

Snorter Bot is built for competitive trading: limit-order sniping to grab the sharpest entries, MEV-resistant swaps that shield you from frontrunners, copy trading that mirrors proven winners, and rug-pull protection that helps filter out scams before you commit.

But spotting the entry isn’t a free pass to life-changing gains. Knowing the right time to cash out is what separates good trades from great ones — and Snorter helps you get it right.

The project is off to a strong start; $SNORT has already raised over $3.8 million in its ongoing presale, likely driven by its high 129% APY on staking to rewards early investors.

To invest:

• Visit the official Snorter Bot website
• Connect your wallet (Best Wallet is fully supported)
• You can swap crypto or even use a bank card to complete the transaction in seconds.

Don’t miss your early entry.

You can keep up with Snorter on X (formerly Twitter) and Instagram.

Visit the Official Website Here

Paolo Ardoino, CEO of Tether, the issuer of the largest stablecoin USDT, took to X on Sunday to refute claims about the firm selling its Bitcoin (BTC) to invest in gold. In his post, Ardoino wrote that “Tether didn’t sell any Bitcoin,” adding that:

“While the world continues to get darker, Tether will continue to invest part of its profits into safe assets like Bitcoin, Gold and Land.”

How the rumor started

On Sept. 6, YouTuber Clive Thompson claimed that “recently, Tether has been buying gold and selling Bitcoin.” Thompson’s assertion was based on an examination of Tether’s statements of assets.

According to Thompson, Tether sold over $1 billion BTC and purchased over $1.6 billion gold in the last quarter. This indicates that Tether is dumping Bitcoin in favor of gold, as per Thompson.

Flaws in Thompson’s claims

Jan3 CEO Samson Mow pointed out flaws in Thompson’s theory based on public data. In an X post, Mow explained that Thompson arrived at the wrong conclusion since he assumed that a fall in BTC holdings of Tether automatically meant they sold it for gold.

In the first and second quarter of this year, Tether reported holdings of 92,650 BTC and 83,274 BTC respectively. According to Mow, Thompson forgot to factor in Tether’s funding of a separate project called Twenty One Capital (XXI). Tether transferred 14,000 BTC on June 2 and 5,800 BTC in July, sending a total of 19,800 BTC to XXI.

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Therefore, Mow explained that Tether had 4,624 BTC more in Q2 2025 than the previous quarter. Accounting for July’s transfer, Tether “has (at least) a net increase in Bitcoin holdings of 10,424 BTC,” Mow wrote.

Consequently, Mow dismissed Thompson’s claim as “false” and labeled it a “desperate” attempt to create bearish news surrounding Bitcoin.

Tether’s deepening relationship with Gold

The latest development surrounding Tether comes just days after the company announced that it’s looking into investing in gold mining firms. But Tether has been diversifying into gold for a while.

In June, the stablecoin issuer spent $90 million to acquire a substantial stake in a company specializing in gold royalties. Earlier this week, Tether announced that it will pour another $100 million into the same firm—Elemental Altus Royalties Corp.

Additionally, Tether issues the gold-backed stablecoin Tether Gold (XAUT)—XAUT is backed by about 7.66 tons of gold stored in Switzerland. Around 5% of USDT reserves is also held in gold by Tether.

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China has taken another step into blockchain-based finance, but in a way that avoids direct involvement with cryptocurrencies.

A state-owned firm in Shenzhen has launched a digital bond offering on Ethereum, showing how the country is selectively embracing new technology while keeping its hard stance on crypto trading in place.

First State-Backed RWA Bond On Ethereum

According to reports, Futian Investment Holding completed a 500 million yuan issuance of offshore bonds on August 29.

The bonds, equal to nearly $70 million, were rolled out in Hong Kong and listed on the Ethereum blockchain. They carry a 2.62% annual interest rate and will expire in two years.

The company described the deal as part of an effort to expand its funding sources while also responding to the growing use of real-world assets and tokenization in global markets.

It also pointed to Hong Kong’s supportive policies as a factor in the decision, saying the bond aligns with the district’s push to attract digital asset innovation.

#UZX BREAKING NEWS #RWA

Futian Investment Holding Announces Issuance of the World’s First Public RWA Digital Bond on a Public Blockchain pic.twitter.com/E2sGIJZdwl

— UZX Official (@UZX_Official) September 2, 2025

Crypto Still Off-Limits At Home

The move does not mean that China has softened its ban on crypto or Ethereum. Back in 2021, Beijing imposed a full ban on crypto mining and trading.

Officials at the time said the measures were needed to control energy use and to guard against risks that might destabilize the country’s financial system.

BTCUSD trading at $110,388 on the 24-hour chart: TradingView

That ban remains in effect today. Ordinary citizens and companies in mainland China are still blocked from using or trading cryptocurrencies.

What is allowed, however, are limited experiments like tokenized bonds that stay within the bounds of traditional finance.

Hong Kong As A Testing Ground

By routing the deal through Hong Kong, Beijing can keep its domestic ban intact while still signaling that it wants exposure to blockchain-based finance.

The bustling metro has been given more room to try out digital asset projects, and this latest bond fits into that role.

China’s strategy delineates a clear split: blockchain as a tool for finance is embraced in regulated manifestations, while crypto as an unfettered market asset is still off-limits.

Stablecoins, particularly dollar-denominated stablecoins, have also attracted scrutiny in Beijing, with officials concerned that they can undermine other currencies based around the world.

Reports suggest this RWA bond may be the first in a series of state-backed blockchain and Ethereum financial products tied to Hong Kong.

For now, the issuance shows China’s intent to cautiously explore blockchain without reopening the door to Bitcoin, stablecoins, or wider crypto adoption.

Featured image from Agoda, chart from TradingView 

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Trading Volume May Signal Tops & Bottoms For Bitcoin

In a new post on X, Santiment has talked about a pattern associated with the trading volume of Bitcoin. The “trading volume” here refers to a metric that keeps track of the total amount of the cryptocurrency that’s becoming involved in trading activities on the various centralized exchanges.

When the value of this metric is high, it means the traders are making a large number of moves on the market. Such a trend suggests interest in the asset is high. On the other hand, the indicator having a low value implies investors may not be paying much attention to the cryptocurrency as they are participating in a low amount of activity.

Now, here is a chart that shows the trend in the trading volume for Bitcoin and other top coins in the sector over the last few months:

In the above graph, Santiment has highlighted two large spikes in the trading volume of Bitcoin. The first of these, involving a movement of $84.08 billion in the asset, occurred at the start of April. Interestingly, this spike coincided with BTC’s tariff-driven dip. The other spike took place just earlier this month and saw the indicator hit a high of $90.90 billion. This time, the elevated trading volume came alongside BTC’s new all-time high (ATH) above the $124,000 level.

“Note that the two largest volume spikes from Bitcoin signaled the optimal time to buy (as prices were falling) and sell (as prices peaked to a new ATH),” explains the analytics firm.

What could be the explanation behind the pattern? Generally, the higher the trading activity, the more likely BTC is to observe some kind of volatility. This is because the moves being made by investors act as fuel for price moves.

Where the emerging volatility may lead the asset is hard to say based on the trading volume data alone, as it doesn’t separate between buying and selling moves. Spikes that come near price lows, however, can be signs of buying. This is what happened in April. Similarly, a particularly sharp uptick in activity after rallies, like the one seen earlier in the month, can be a sign of profit-taking.

At present, Bitcoin trading volume remains elevated, but its current value of $66 billion is clearly still a step below the levels seen during the aforementioned turnarounds.

BTC Price

Bitcoin has been facing sustained bearish momentum recently as its price has gradually been sliding down, with its latest value coming at $113,000.

Stellar lumens (XLM) traded in a tight range over the past 24 hours, holding between $0.42 and $0.43 from Aug. 14 at 15:00 UTC through Aug. 15 at 14:00 UTC.

The token saw measured gains before late-session profit-taking pushed prices 1% lower to $0.43 in the final hour of trade. CoinDesk Data’s technical analysis model suggests XLM is approaching a key resistance level at $0.50, with a breakout potentially targeting $0.60–$0.77, backed by strengthening network fundamentals and growing institutional participation.

On-chain metrics continue to paint a bullish picture. Stellar’s active enterprise wallets hit an all-time high of 9.69 million, with 5,000–6,000 new institutional addresses added daily.

Total value locked on the network jumped 80% to $150 million, reflecting a surge in corporate adoption. Traders are closely watching the $0.47–$0.50 zone, a potential trigger point for institutional short covering that could fuel the next leg higher.

Despite early pressure pushing XLM down to $0.42 in the first six hours of the session, buyers consistently emerged at that level, signaling strong institutional support.

Overnight, the token staged a steady recovery, retesting $0.43 before consolidating. In the final 60 minutes, heavy selling briefly drove prices back to $0.42, but a swift rebound and lighter volume suggest selling pressure may be easing, leaving room for renewed upside momentum.

Corporate Technical Indicators Signal Consolidation Phase

• Stellar established robust institutional support at $0.42 zone with consistent corporate buyer emergence during early session decline.
• Cryptocurrency tested resistance near $0.43 during overnight institutional trading before consolidating in upper price range.
• Trading volume peaked at 71.43 million during initial six-hour decline, indicating significant institutional participation and interest.
• Technical formation approaches critical resistance at $0.50 level, representing key institutional breakout threshold.
• Corporate momentum indicators suggest potential advancement toward $0.60-$0.77 institutional price target zones.
• Diminishing trading volume in final hour signals exhausted institutional selling pressure and market stabilization potential.

Disclaimer: 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.

The global healthcare group Cosmos Health (COSM) just announced that it has secured funding to launch its Ethereum (ETH) digital asset treasury reserve strategy.

In a statement, the Chicago-based company says that it has entered into a securities purchase agreement with a US-based institutional investor.

The deal involves the issuance of up to $300 million in senior secured convertible promissory notes to support the company’s strategic accumulation of the second-largest cryptocurrency by market cap.

The terms of the facility require Cosmos Health to allocate at least 72.5% of the net proceeds from each tranche for building its crypto treasury reserve. The rest will be used for working capital and growth initiatives.

The firm says it is stocking up ETH to bring more value to its long-term shareholders. The digital asset trust company BitGo will provide the institutional infrastructure to custody and stake the crypto assets.

Says Cosmos Health CEO Greg Siokas,

“This financing marks a strategic milestone for Cosmos Health, offering shareholders direct exposure to ETH, currently one of the most widely adopted digital assets in the world.

We are confident that the size and flexibility of this facility should position us to deliver long-term, sustainable value for our shareholders.”

The company’s share closed at $1.05, down by 8.7% from the previous closing price of $1.15.

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Tens of thousands of Americans are staring at the possibility of fraud after thieves stole their information from a healthcare firm.

In a notice to the Office of the Maine Attorney General, the Arkansas-based Highlands Oncology Group says 113,575 Americans are impacted by a massive cybersecurity incident.

In a data incident notice posted on its website, Highlands says that an unauthorized entity gained access to its systems and stole files that may include patients’ names, dates of birth, Social Security numbers, driver’s license/state identification numbers, passport numbers, credit/debit card numbers, financial account numbers, medical treatment records, medical record numbers, patient account numbers,  and/or health insurance policy records.

“Highlands Oncology Group PA recently discovered a data incident that may have involved the personal information for certain individuals. On June 2, 2025, Highlands discovered it was the victim of a cyber-attack, and certain Highlands files and systems were inaccessible…

The forensic investigation determined that an unauthorized third party accessed Highlands’ computer network at times between January 21, 2025, and June 2, 2025, and encrypted some of its files. The investigation also determined that the third party may have accessed and acquired certain files from Highlands’ systems during this period.”

Highlands offers a full spectrum of cancer care services, including chemotherapy, radiation oncology, surgical oncology, as well as supportive services like rehabilitation, massage, lymphedema therapy, genetic counseling and pharmacy.

The firm says it has sent letters of notification to affected individuals, while offering complimentary identity theft protection services for those whose Social Security numbers, driver’s license or state ID numbers were involved in the incident.

Highlands is encouraging patients to stay vigilant by reviewing their account statements and reporting any suspicious activity that could suggest fraud or identity theft.

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