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Bitcoin could reach $200,000 following Powell’s replacement

Galaxy CEO Predicts a $200,000 Bitcoin Following Powell’s Replacement as Bitcoin Hyper Soars

by admin September 27, 2025

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Galaxy CEO Mike Novogratz predicts a $200,000 Bitcoin if Jerome Powell’s replacement is dovish.

The comment came during an interview with Kyle Chasse, where Novogratz declared:

Trump told us he wants a dove in the Fed […] And if he picks a dove enough of a person, there’s gonna be an ‘oh s**t’ moment. Gold skyrockets, Bitcoin skyrockets.

—Mike Novogratz, Kye Chasse interview

As Novogratz sees it, Fed’s next chair nominee could serve as the largest crypto catalyst, potentially pushing Bitcoin to a new ATH by the end of the year.

Bitcoin Hyper’s ($HYPER) $18.5M presale will also contribute to that thanks to its promise of turning the Bitcoin network faster and cheaper. Hyper’s Layer 2 aims to solve Bitcoin’s native performance limitation, which would turn the network more feasible for institutional investors.

The Fed Turns Bitcoin Stronger at the Expense of the US Dollar

Novogratz warns against a dangerous tipping of balance between crypto and the US dollar stemming from the Fed’s rate cuts.

While rate cuts are bullish for Bitcoin, they’re bearish for the US dollar, because it scares away investors who seek refuge in high risk, high reward digital assets.

The last FOMC meeting, which took place on September 17, had the opposite effect, though, with the US dollar jumping almost 2 basis points over the following week, while Bitcoin lost 5.4% between then and today.

The meeting resulted in a 0.25% rate cut, which didn’t seem to raise the investors’ interest, but the next ones might. The Fed announced three more cuts coming, two by the end of this year and one more in 2026.

The closest one is planned for October 28 and it’s an almost guarantee if we go by FedWatch’s market sentiment, which puts the odds of a favorable decision at 87.7%.

And this time we expect Bitcoin to recover its lost territory and make a breakthrough for another ATH. With $120K cleared, a push to $130K and beyond is more than feasible.

Mid-October is the true test if Michael Saylor’s Strategy decides to buy the dip, which is more than likely given that Bitcoin is currently in consolidation mode, floating around the $109K zone for over two days.

This hints at a dying bear momentum, which Strategy could capitalize on to push its treasury above 640,000 $BTC.

With a bullish Bitcoin for October and the crypto market on the verge of a coming alt season, Bitcoin Hyper ($HYPER) appears to be the biggest winner.

How Bitcoin Hyper Could Turn Bitcoin Into the Future of the Financial Sector

Bitcoin Hyper ($HYPER) is the Layer 2 upgrade that promises to transform Bitcoin into the driving force behind the new global financial system.

Hyper seeks to solve the very problem that’s holding Bitcoin back in 2025: its native performance limitation. The Bitcoin network is currently limited to seven transactions per second (TPS), which places Bitcoin on the 23rd position on the list of the fastest blockchains in the world.

By comparison, BNB is second with a TPS of 220, while Solana is second with a real-time TPS of up to 1,000 and a theoretical one of 65,000.

A change is necessary and Hyper brings just that with the help of tools like Solana Virtual Machine (SVM) and the Canonical Bridge.

While SVM allows for the ultra-fast execution of DeFi apps and smart contracts, the Canonical Bridge handles network congestion and addresses transaction finality times directly.

The Canonical Bridge works by minting the users’ tokens onto the Hyper layer, allowing investors to use their $BTC in the Hyper ecosystem.

These tools allow Hyper to boost Bitcoin’s performance by improving scalability and allowing for near-instant finality thanks to the Bitcoin Relay Program and the zero-knowledge (ZK) proofs.

Most importantly, Hyper eliminates the fee-based priority system, which prioritizes larger and more fee-heavy transactions to the detriment of the smaller and cheaper ones. This system currently increases transaction confirmation times to hours in some cases.

Long-term, Hyper hopes to turn the Bitcoin network into a more feasible choice for institutional investors who process thousands of transactions per second.

The $18.5M presale offers $HYPER at $0.012985 per token, which translates into a potential wealth-building investment opportunity.

Given Hyper’s projected long-term utility and investor support during the presale, our price prediction for $HYPER puts the token at $0.32 by the end of the year, following a Q4 release.

Continuous support and successful implementation could lead to mainstream adoption, pushing $HYPER up to $1.50 or higher by 2030. This translates to a 11,451% five-year ROI if you invest at today’s price.

If you’d like to support $HYPER or simply diversify your portfolio, read our guide on how to buy $HYPER and go to the presale page today.

This isn’t financial advice. Do your own research (DYOR) before investing.

Authored by Bogdan Patru, Bitcoinist: https://bitcoinist.com/bitcoin-could-reach-200000-following-powells-replacement

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.

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September 27, 2025 0 comments

GameFi Guides

AVAX price forms a rare pattern as key Avalanche metric soars 225%

by admin September 25, 2025

The AVAX price has formed a rare golden cross pattern, indicating further gains as the number of transactions on Avalanche increases.

Summary

Avalanche (AVAX) has surged to $36.61, its highest since January, fueled by rapid network growth and expanding adoption.
Transaction volume jumped 226% this month, active addresses climbed 20%, and fees rose 86%, while total value locked in real-world asset tokenization soared 136% to over $456 million.
Coupled with a bullish technical setup—including a double bottom, a golden cross, and key Fibonacci levels—Avalanche appears positioned for further upside, with $43.75 as the next potential target.

Avalanche (AVAX), one of the biggest layer-1 networks in the crypto industry, jumped to $36.61 this week, its highest level since January. It has spiked by 135% from its lowest level this year.

Avalanche transactions jump

Nansen data shows that Avalanche was the fastest-growing blockchain network in the crypto industry this month. Its transaction jumped by 226% during the month to 50.43 million.

Its active addresses also jumped by 20% this month to 747,545, while its fees soared by 86% to $1.1 million. This growth happened as Avalanche gained market share in key industries in the crypto industry.

For example, Avalanche’s total value locked in the real-world asset tokenization industry rose by 136% in September to over $456 million. This growth was driven by companies like Circle, Avant Protocol, and Tether.

Avalanche’s role in the RWA industry will continue growing as Anthony Scaramucci prepares to launch his tokenized fund on its chain.

Additional data indicates that the supply of stablecoins in its network increased by 16% to $1.9 billion. The number of stablecoin addresses rose by 11% to over 264,0000.

Meanwhile, Avalanche’s liquidations have slowed in the past few days. The liquidations jumped to almost $10 million on Monday and then dropped to $1.36 million today.

AVAX price technical analysis

Avalanche price chart | Source: crypto.news

The daily chart indicates that the AVAX price has formed a double-bottom pattern around $15, with a neckline at $27.30. It has also moved above the neckline, and most importantly, it recently formed a golden cross pattern as the 50-day and 200-day moving averages crossed each other.

A golden cross is one of the most bullish patterns in technical analysis. It has also moved to the 50% Fibonacci Retracement level and is approaching the ultimate resistance level of the Murrey Math Lines.

Therefore, the most likely AVAX price forecast is bullish, with the next target being at $43.75 — the extreme overshoot level.

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September 25, 2025 0 comments

Institutional adoption drives Solana to new ATH as Snorter Token soars

Crypto Trends

Institutional Adoption Driving Solana to a New ATH, as Snorter Token Soars

by admin September 21, 2025

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Growing institutional adoption is the main drive behind Solana’s performance over the past month.

$SOL is currently up 29.54% over the last 30 days and the momentum hasn’t died out yet. The token trades at $239 at the time of writing, after consolidating its position around the $240 threshold.

This performance is the direct result of growing institutional buys from major companies like Forward Industries, which now holds over 6.8M $SOL, valued at over $1.65B.

The Solana frenzy realistically started in October, 2024, when $SOL started pumping until the beginning of February, 2025. The dip that followed took $SOL to $105.5 before the next rally ensued.

That’s where we are now, in a 6-month rally that saw $SOL trading close to $250 yesterday and it’s nowhere near over.

A successful breakout above $243 could kickstart the run for a new ATH, which is what will push the Snorter Token’s ($SNORT) presale to new heights.

Will We See a New Solana ATH in 2025?

Everything points at a coming ATH for $SOL in Q4, most likely in October. The main drive? The growing number of Solana treasuries taking a page out of Strategy’s playbook and hoarding $SOL in massive numbers.

For reference, Strategy is the largest Bitcoin holder in the world, with a $BTC treasury of 638,985 tokens, valued at $74B.

Forward Industries is the closest to replicate Strategy’s success with its massive Solana holdings, but it’s not the only one.

Galaxy Digital also bought 1.2M $SOL a week ago, as part of a 5-day buying spree which brought the company 6.5M $SOL, valued at $1.55B.

On a broader scale, Solana treasuries have soared over the past year, both in size and number. According to Strategic Solana Reserve, we have 17.045 $SOL, or 2.96% of the total supply, in reserves across 17 tracked institutions.

9.352M of them are already in staking pools.

And now we have Brera Holdings, which raised $300M through a private placement to fund its Solana Digital Asset Treasury, backed by Ark Invest and UAE investors.

The official press release also highlighted the main catalyst behind the growing investor confidence in the protocol:

Solana is recognized as the fastest-growing blockchain in the world, processing more transactions and generating more on-chain revenue than all other blockchains combined.

—Brera Holdings, Official press release

The conclusion is clear: $SOL is clearly on track to a new ATH by the end of the year. Most importantly, it will happen sooner rather than later.

With that in mind, Snorter Token comes as another potential hit in 2025, given that the presale just passed the $4M mark.

How Snorter Token Makes Coin Sniping Easy and Rewarding

Snorter Token ($SNORT) runs the $4M presale that feeds Snorter Bot’s ecosystem. The Bot is the most elegant response to the main problems associated with coin hunting, like the high risk of scams and the lack of beginner-friendly accommodations.

Snorter Bot makes coin hunting safe with the help of its native scam detectors, which warn against suspicious projects like honeypots and rug pulls. This serves as an entry ticket for novice traders who avoid engaging with the crypto market out of fear of losing their funds.

The Bot is also very easy to use, creating even more incentive for beginners to join in. You only need to join the Telegram chat where the Bot operates, set it up according to your investment strategy, and watch it work its routine.

The Copy Trading feature also allows you to borrow other traders’ successful strategies if you don’t have one of your own.

The presale just reached $4M with a token price of $0.1051, which means this is the perfect time to invest. With Solana showing signs of an end-of-the-year bull, we expect the Snorter Token presale to see growing investor support.

Post-launch, our price prediction for $SNORT is $0.94 with a potential for $3.25 by the end of 2030. The price could go vastly higher with sufficient community support and mainstream adoption.

You can learn how to buy $SNORT right here. So do that, then visit Snorter Token’s official presale page to get your tokens today.

This isn’t financial advice. Do your own research (DYOR) before investing.

Authored by Bogdan Patru, Bitcoinist – https://bitcoinist.com/institutional-adoption-drives-solana-to-new-ath-snorter-token-soars/

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September 21, 2025 0 comments

NFT Gaming

Morning Minute: Polymarket Token Speculation Soars Along with $10B Valuation

by admin September 17, 2025

Morning Minute is a daily newsletter written by Tyler Warner. The analysis and opinions expressed are his own and do not necessarily reflect those of Decrypt. Subscribe to the Morning Minute on Substack.

GM!

Today’s top news:

Crypto majors mostly flat into FOMC, Bitcoin leads +1% to $116,300
Binance in talks with US DOJ to end its compliance monitor
Bank of America says 67% of fund managers hold 0 crypto
Trump suing NY Times for $15M saying they hurt the TRUMP meme
Tether co-founder launches STBL, token soars to $1.7B fdv in debut

🔮 Polymarket Token Incoming?

The world’s biggest prediction market is flirting with a token.

And it’s doing it while eyeing a stratospheric new valuation, rolling out earnings markets with Stocktwits, and prepping a regulated U.S. return.

📌 What Happened

Polymarket’s recent SEC filings hinted at “other warrants” which typically indicate a token.

This has led to broad speculation of a Polymarket token in the works.

And the token speculation comes just days after multiple outlets reported that Polymarket has raised a fresh round that could value the company as high as $9B–$10B.

A massive jump from the ~$1B valuation discussed in June.

That’s a lot of big money news, coming along with major fundamental progress:

Regulated U.S. comeback: After acquiring CFTC-licensed QCEX and receiving staff relief, CEO Shayne Coplan says the platform has the “green light” to go live in the U.S.
New product + distribution: Polymarket launched public-company earnings prediction markets and became the official prediction-markets partner of Stocktwits, bringing live probabilities to Stocktwits’ 10M+ users
Volume check: Volumes are coming in around ~$250M/week and consistently at the $1B/month mark

The $10B raise makes a bit more sense with that backdrop.

🗣️ What They’re Saying

“Polymarket has been given the green light to go live in the USA by the @CFTC. Credit to the Commission and Staff for their impressive work.” – Shayne Coplan, CEO, on X (Sep 3)

“Prediction markets transform uncertainty into clarity by turning big questions-like earnings-into simple, tradable outcomes with transparent pricing.” – Matthew Modabber, CMO, Polymarket, on the Stocktwits partnership.

“Polymarket is the largest prediction market in the world, and the U.S. needs access to this important platform.” – Donald Trump Jr., as Polymarket added him to its advisory board following 1789 Capital’s investment.

🧠 Why It Matters

A token would formalize community upside.

If a Polymarket token launches, it turns users into owners, likely deepens liquidity across markets, and enables new incentive design (e.g., fee shares, staking for dispute resolution, or market-maker rewards).

Timing-wise, it makes sense.

They have more momentum than ever with the combination of regulatory approval, new product verticals (earnings markets), sports markets catching fire (see Kalshi’s latest volume surge) and a general explosion in prediction market interest.

And just the hint of a token is enough to steal market share and attention from their rival Kalshi (which has flipped Polymarket in volume as of late).

All being equal, users will trade on the apps that have the best lines, market and/or best UX.

With token incentives in the mix, the decision of which app to use has a heavily weighted new factor.

So expect Polymarket volumes and attention to boom here in the near future.

As for its token, it’s tough to value. Polymarket is a true unicorn. And without them taking a fee, there is no revenue model to use.

It wouldn’t be crazy at all to think a Polymarket token would fetch $5B-$10B upon its debut.

Maybe we’ll find out this year…

🌎 Macro Crypto and Memes

A few Crypto and Web3 headlines that caught my eye:

Crypto majors are mixed ahead of FOMC, BTC leads; BTC 1% at $116,300, ETH even at $4,500, XRP -1% at $3.01, SOL -1% at $234
MYX (+56%), IP (+10%) and HYPE (+5%) led top movers
The Bitcoin ETFs saw another $292.3M in net inflows, continue 7-day inflow streak
Bank of America reported that 67% of fund managers hold no crypto and only 8% have started structural crypto investments
Binance is in talks with the U.S. DOJ about ending its compliance monitor, per Bloomberg
Trump is suing the New York Times for $15B, claiming that reporting hurt his TRUMP meme coin
The Ethereum exit queue has swollen to ~2.5M ETH with waits >46 days, the longest yet
Santander’s Openbank turned on crypto trading in Germany under MiCA, with Spain up next
UBS, Sygnum and PostFinance pilot what they call the first interbank settlement using deposit tokens on a public chain
Galaxy Digital plans a tokenized money-market fund spanning Ethereum, Solana and Stellar
The UK is expected to announce tighter crypto-oversight coordination with the U.S., according to the Financial Times
Over $3,000,000,000 in USDT was minted onchain in the past 4 days

In Corporate Treasuries / ETFs

Forward Industries (FORD) announced a $4B ATM program to buy more SOL after just buying $1.6B in SOL
SharpLink (SBET) bought just 900 ETH in the past week though it did buy 1M shares back
Bitwise filed for an Avalanche ETF as XRP and Dogecoin ETFs near launch

In Memes

Memecoin leaders are mostly flat; DOGE even, Shiba even, PEPE +1%, PENGU +1%, BONK +2%, TRUMP -1%, SPX +1%, and FARTCOIN +1%
KIND (+33%) and 67 (+350%) lead notable onchain movers

💰 Token, Airdrop & Protocol Tracker

Here’s a rundown of major token, protocol and airdrop news from the day:

Tether co-founder launched STBL as a new stablecoin protocol focused on yield, touted as “stablecoins 2.0”
Pump.fun bonding curves had their highest day of volume in 7 months
Circle bought HYPE and signaled it may run a Hyperliquid validator alongside new USDC tooling on HyperEVM
LimeWire bought the Fyre Festival brand and hinted at token and NFT hooks for a rebooted event
OpenSea clarified that its “final pre-TGE phase” would have multiple seasons

🤖 AI x Crypto

Section dedicated to headlines in the AI sector of crypto:

Overall market cap +1% at $13.75B, leaders were mixed
FARTCOIN (+1%), VIRTUAL (-1%), TIBBIR (+12%), aixbt (even) & ai16z (+1%)
SNAI (+23%), BIOS (+21%) and IRIS (+18%) led top movers
Virtuals announced it’s more than software, plans to fuel “the next wave of robotic agents”
Google debuted an open-source AI payments protocol with stablecoin support, with input from Coinbase and Salesforce

🚚 What is happening in NFTs?

Here is the list of other notable headlines from the day in NFTs:

Daily Debrief Newsletter

Start every day with the top news stories right now, plus original features, a podcast, videos and more.

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September 17, 2025 0 comments

Crypto Trends

Drake song leaked by pump.fun streamers, token soars by 3,000%

by admin September 17, 2025

A pair of pump.fun streamers allegedly leaked Drake’s single from his upcoming album ICEMAN in a stream to promote their meme coin BAGWORK. The duo have since made more than $83,410 from creator fees in just two days after streaming the song.

Summary

Drake’s unreleased track from ICEMAN was leaked by a pair of streamers on pump.fun.
The developers behind the token, BAGWORK, gained $83,410 within just two days of streaming the song.

Pump.fun livestreamers went viral for playing what sounds like an unreleased song from rapper Drake’s upcoming album over the weekend in an effort to promote their token. The video clip shows the pair of livestreamers in the backseat of a car, listening to what they claim is an “unreleased” song.

“First time this song is ever played,” said the one of the streamers

“Buy f**king BAGWORK right now,” yelled the other streamer.

Both streamers jam to the song wearing white t-shirts that spell out the name of their token, BAGWORK on SOLANA (SOL), in big bold marker-written letters. It did not take long for the clip to spread all over social media and catch the attention of Aubrey “Drake” Graham himself, who was taken off guard by the fact that two teenagers leaked his song on a meme coin launchpad livestream.

According to a report by the Rolling Stone, the rapper called into the Kick stream of Adin Ross to find out who the leakers were. At first, Ross believed that it was one of Drake’s unconventional methods of releasing music. But the rapper denied it.

“I don’t even know who the f**k those kids are,” Drake said to Ross over the phone.

“What, you actually don’t know who those kids are?” the streamer responded.

“I just asked you who they are. What the f**k?” Drake snapped back.

The BAGWORK streamers later claimed that Ross had messaged them, asking how they were able to get their hands on the unreleased track. However, they told him to come on their stream if he wanted to know. Ross did not respond to the request, according to the duo.

Drake’s impact on the BAGWORK meme coin

Within just two days of playing the unreleased track on their livestream, the token shot up in value. The token soared nearly 3,000% in less than 24 hours, with market cap rocketing from under $5 million to a peak of $53.8 million.

According to the chart, price action shows the token climbed from near $0.001 to highs above $0.050 at the peak of the hype, as volume surged and speculators rushed in.

However, the Drake rally proved to be short-lived. Within two days of the spike, BAGWORK retraced sharply, dropping over 80% from its highs and now trading around $0.0095 with a market cap of just $10.3 million.

Leaking the unreleased Drake song lifted the BAGWORK token up | Source: pump.fun

According to data from Pump.fun (PUMP), the account that launched the BAGWORK token has launched a dozen other tokens. Their Solana balance has reached $20,100. Meanwhile, the creator fees generated from Bagwork has dropped significantly since their Drake leak; falling fro $83,410 to just around $35,300 within 24 hours.

Pulling stunts to gain traction for their token is not new for the livestreamer duo. Before Drake, they’ve claimed to leak songs from other artists like Future, Lil Uzi Vert, and Playboi Carti.

Last week, one of the devs behind BAGWORK even invaded the field during a Los Angeles Dodgers baseball game to promote the token.

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September 17, 2025 0 comments

Crypto Trends

Helius (HSDT) Soars 200% on $500M Raise for SOL Treasury

by admin September 15, 2025

Helius Medical Technologies (HSDT) announced on Monday it’s raising more than $500 million in a private financing round to create a Solana-focused treasury company.

The vehicle will hold SOL, the native token of the Solana blockchain, as its reserve asset and aims to expand to more than $1.25 billion via stock warrants tied to the deal, the press release said.

The financing was led by Pantera Capital and Summer Capital, with participation from investors including Animoca Brands, FalconX and HashKey Capital.

Shares of the firm rallied over 200% above $24 in pre-market trading following the announcement. Solana was down 4% over the past 24 hours.

The firm is joining the latest wave of new digital asset treasuries, or DATs, with public companies pivoting to raise funds and buy cryptocurrencies like bitcoin BTC$114,744.60, ether (ETH) or SOL.

Helius is set to rival with the recently launched Forward Industries (FORD) with a $1.65 billion war chest backed by Galaxy Digital and others. That firm confirmed on Monday that has already purchased 6.8 million tokens for roughly $1.58 billion last week.

Helius’ plan is to use Solana’s yield-bearing design to generate income on the holdings, earning staking rewards of around 7% as well as deploying tokens in decentralized finance (DeFi) and lending opportunities. Incoming executive chairman Joseph Chee, founder of Summer Capital and a former UBS banker, will lead the firm’s digital asset strategy alongside Pantera’s Cosmo Jiang and Dan Morehead.

“As a pioneer in the digital asset treasury space, having participated in the formation of the strategy at Twenty One Capital (CEP) with Tether, Softbank and Cantor, Bitmine (BMNR) with Tom Lee and Mozayyx as well as EightCo (OCTO) with Dan Ives and Sam Altman, we have built the expertise to set up the pre-eminent Solana treasury vehicle,” Cosmo Jiang, general partner at Pantera Capital, said in a statement.

“There is a real opportunity to drive the flywheel of creating shareholder value that Michael Saylor has pioneered with Strategy by accelerating Solana adoption,” he added.

Read more: Solana Surges as Galaxy Scoops Up Over $700M Tokens From Exchanges

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September 15, 2025 0 comments

NFT Gaming

XRP OI Soars Stunning 8.6% as Price Goes Parabolic

by admin September 14, 2025

The Ripple-associated cryptocurrency is showing renewed strength as the broader crypto market resumes its rally. Among the top assets, XRP is emerging as one of the strongest performers.

According to data from Coinalyze, XRP’s open interest surged 8.6% over the past 24 hours, signaling that traders are holding positions in anticipation of a rebound.

This spike in open interest reflects growing confidence that XRP may recover from its recent pullback.

Source: CoinMarketCap

At press time, XRP is trading at $3.17, up 13.11% over the past seven days. Its market cap stands at $189.01 billion, a 4% weekly increase, with 24-hour trading volume rising 9.17% to $6.45 billion.

The fully diluted valuation (FDV) is currently $317.09 billion, with a healthy volume-to-market-cap ratio of 3.4%.

XRP price prediction

XRP’s latest surge has pushed it back into the top 100 global assets by market capitalization, now sitting in 98th place, above companies such as Arista Networks and HDFC Bank.

Earlier, XRP reached an intraday high of $3.07, underscoring renewed market enthusiasm.

XRP Hourly Volume Soars 203% on Kraken, What’s Happening?

by admin September 14, 2025

According to CoinGlass data, XRP suddenly saw a 203% hourly volume spike on the United States-based major cryptocurrency exchange Kraken as traders flocked in to profit from the recent market volatility.

The surge comes as spot U.S. traders continue to show interest in XRP, the third largest cryptocurrency by market capitalization amid ETF optimism. REX-Osprey ETFs have passed the SEC’s 75-day review and are expected to launch soon, with products including an XRP ETF.

In the last 24 hours, XRP has attracted $73,588,344 in trading volume on Kraken, ranking among the top traded assets on the crypto exchange.

XRP price action

XRP continued its rally in the early Saturday trading session, up 3% in the last 24 hours to $3.14. The cryptocurrency is on course to mark its fourth day of rise since Sept. 9, having broadly risen since the Sept. 1 low of $2.69.

REX-Osprey Solana Staking ETF Hits $250M as SOL Price Soars

by admin September 13, 2025

The REX-Osprey Solana Staking ETF (SSK) has crossed $250 million in assets under management (AUM) only two months after its debut. REX Shares, the issuer, confirmed in a post on X today, saying that it was reached as of September 11.

The fund was initially launched on July 2 2025, and it’s the first in the United States to combine spot Solana exposure with native on-chain staking rewards. This allowed investors to benefit from both price movements in Solana and staking yield, which is a multiple source of return in a regulated format.

We are proud to announce that the REX-Osprey SOL + Staking ETF (SSK) has surpassed $250 million in AUM as of 9/11/2025 — just months after launching on July 2nd.$SSK is the first U.S. ETF to combine spot $SOL exposure with native, on-chain staking rewards, marking a major step… pic.twitter.com/FsthIwNUcE

— REX Shares (@REXShares) September 12, 2025

REX Shares said this achievement was possible thanks to the support of early investors and noted that it aims to keep building innovative products like this for investors interested in digital assets.

“We are proud to announce that the REX-Osprey SOL + Staking ETF (SSK) has surpassed $250 million in AUM as of 9/11/2025 — just months after launching on July 2nd,” the company said in a post on X.

Meanwhile, the rapid success mirrors Solana’s strong performance in recent months. At the time of writing this report, Solana is trading at $240.18. This is an over 6% surge in 24 hours. Over the last week, the token has surged by 17.8% and has gained 20.7% in the past month

Solana SOL Price Chart | Source: CoinMarketCap

Over a longer timeframe, Solana’s growth trajectory is even more pronounced, with a 76.71% increase over six months and a 27.16% gain year-to-date. Its price has risen 81.32% in the past year, and it is up nearly 493% since its inception.

SOL Derivatives and Interest Adds Momentum

The derivatives market has also added to Solana’s recent momentum. According to Coinglass, futures volume for Solana climbed to $30.85 billion in the past 24 hours, an increase of 13.86% from the previous day.

Solana Derivative Date | Source: Coinglass

Open interest rose 7.45 percent to $16.89 billion, reflecting growing participation from leveraged traders and institutions. With 609.61 million tokens circulating, Solana remains one of the largest blockchain ecosystems by activity and trading volume.

Also Read: Bitcoin Sharks Quietly Add 65,000 BTC in Major Accumulation Spree

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September 13, 2025 0 comments

NFT Gaming

Polymarket News: Valuation Soars Through Summer

by admin September 12, 2025

Polymarket, the online betting exchange where users wager on real-world outcomes, has weighed a deal that would value the company at $9 billion, according to The Information.

The number marks a sharp climb from its $1 billion valuation just three months ago, when it raised funds in a round led by Peter Thiel’s Founders Fund.

The rise comes as regulators loosen restrictions. In 2021, the Commodity Futures Trading Commission barred Polymarket from offering prediction contracts in the U.S. But earlier this year the agency gave the platform the green light to operate domestically, opening the door for new growth.

Polymarket allows users to place bets on political elections, court rulings and geopolitical events. During the last U.S. election cycle alone, the site processed more than $8 billion in wagers. That puts it ahead of sports betting giants FanDuel, DraftKings and Betfair in terms of online traffic.

Competitor Kalshi has also seen its valuation rise. The company, which offers similar real-money event contracts, is now valued at $5 billion, up from $2 billion earlier this year, according to the same report. The jump suggests investors are betting that regulated prediction markets could become mainstream.

Polymarket has also attracted politically connected backers. Donald Trump Jr.’s venture capital firm, 1789 Capital, invested in the company in a deal worth tens of millions of dollars, with Trump Jr. joining as an advisor.

Prediction markets like Polymarket remain controversial in Washington, where critics argue they risk fueling misinformation. Supporters, however, say they provide a transparent gauge of public expectations on political and global events.

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September 12, 2025 0 comments