DeFi Development Corp Bets $273M on 110K Solana as SOL Per Share Skyrockets 48%

DeFi Development Corp has bought 110,000 SOL for $22M, taking holdings to 1.42M SOL and lifting SOL per share 48% over 30 days. The company has staked all new tokens across validators, reports Q2 revenue of $1.98M and net income of $15.4M, and has estimated a ~10% annualized validator yield.
The post DeFi Development Corp Bets $273M on 110K Solana as SOL Per Share Skyrockets 48% appeared first on Cryptonews. …

Fed Scraps Crypto Oversight Program After Trump’s “Debanking” Outcry

With political pressure rising, the Fed has ended SR 23-7 and returned to routine review of bank crypto, stablecoin and DLT activities. Crypto oversight has continued under risk-based rules as FDIC and OCC have clarified custody, while ‘reputational risk’ has been dropped.
The post Fed Scraps Crypto Oversight Program After Trump’s “Debanking” Outcry appeared first on Cryptonews. …