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Solana Institute President Spotlights Key Trend Driving Crypto Growth
GameFi Guides

Solana Institute President Spotlights Key Trend Driving Crypto Growth

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In a recent tweet, president of Solana Institute and former CEO of Blockchain Association, Kristin Smith, highlights a new trend driving growth in the crypto market: DAT or Digital Asset Treasury.

In light of growing adoption for cryptocurrencies, DATs have emerged, which are companies making digital assets a core balance-sheet strategy, actively deploying tokens (staking, validators, liquidity) rather than simply holding them.

The emergence of crypto ETFs and digital asset treasury (DAT) companies might reflect crypto’s growing acceptance.

1/ We’re seeing an explosion of @Solana-focused Digital Asset Treasury (DAT) companies — giving everyday investors new pathways to access Solana.

🧵

— Kristin Smith (@KMSmithDC) September 19, 2025

Smith points to an increasing trend of companies exploring Solana as a digital treasury asset: “We’re seeing an explosion of Solana focused Digital Asset Treasury (DAT) companies — giving everyday investors new pathways to access Solana.”

Solana DATs on rise

Kristin Smith, the president of Solana Institute, pointed out that the past few weeks have seen multiple Solana DATs launch. These include DeFi Dev Corp and Upexi, which has chosen Solana as its treasury reserve asset.

Nasdaq-listed SOL Strategies joins this list as an institutional bridge to Solana, connecting traditional finance and crypto through institutional-grade validators.

Forward Industries (FORD) is Solana’s first billion-dollar publicly traded treasury. FORD became the largest SOL treasury earlier this week after acquiring 6.82 million SOL, representing 1.26% of the total supply.

This week, Nasdaq-listed Helius in partnership with Pantera Capital and Summer Capital announced over $500 million in funding to launch a SOL treasury company.

According to Smith, this might just be the beginning as innovative vehicles like DATs are emerging, channeling capital to where it is most productive.





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Bitcoin
GameFi Guides

Solana Co-Founder Urges Bitcoin Community To Brace For Quantum Threat

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

Bitcoin’s security may need an upgrade sooner than many expect, according to Anatoly Yakovenko, co-founder of Solana.

Speaking at the All-In Summit 2025, Yakovenko warned there is roughly a 50/50 chance of a major quantum-computing breakthrough within the next five years and urged the Bitcoin community to start shifting to quantum-resistant signatures now.

Quantum Risk On A Short Timeline

According to reports, Yakovenko argued that advances in quantum hardware — helped along by rapid progress in AI — could reach a point where current cryptography used by Bitcoin becomes vulnerable by about 2030.

He recommended migrating away from Bitcoin’s existing signature scheme, ECDSA, toward algorithms designed to resist quantum attacks.

Bitcoin Uses Signatures That Could Be Targeted

Bitcoin transactions rely on ECDSA (Elliptic Curve Digital Signature Algorithm) to prove ownership.

Based on technical warnings from many researchers, a powerful enough quantum computer running algorithms such as Shor’s could, in theory, break those signatures and expose private keys tied to addresses that have revealed their public keys.

That is the vulnerability Yakovenko highlighted.

Experts Offer Mixed Timelines

Other voices in crypto put the timeline farther out. Reports show Adam Back of Blockstream thinks quantum machines that can threaten Bitcoin are likely decades away — he has cited a figure near 20 years.

Some figures, like Samson Mow, suggest a longer window as well, while newer commentators warn the risk could arrive much sooner if breakthroughs accelerate.

The split in views reflects real uncertainty about when — not whether — quantum will matter for blockchains.

BTCUSD trading at $115,989 on the 24-hour chart: TradingView

What A Fix Would Mean In Practice

Moving Bitcoin to quantum-resistant signatures is possible, but it is not small work. Based on analysis across industry pieces, such a shift could require major protocol changes, widespread wallet updates, and careful rollout plans to avoid breaking existing addresses or exposing users during the transition.

Some proposals include one-time migration tools and new address types, but none is a simple flip of a switch.

On Action And Urgency

Based on reports, Yakovenko’s main point was urgency: begin testing and building a migration path now, not later.

He noted Bitcoin’s strengths but stressed that preparation would protect users and preserve trust if quantum capabilities arrive faster than many expect.

Industry coverage has already circulated his remarks, prompting renewed discussion across developer forums and research groups.

What Happens Next

For now, Bitcoin developers and node operators face a choice between steady, cautious research and faster, coordinated engineering to prepare for several possible futures.

Yakovenko’s estimate — a 50/50 chance in five years — is far from a consensus, but it has pushed the debate back into public view.

Featured image from Meta, chart from TradingView

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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Bitcoin, Solana Vs Ethereum, XRP
NFT Gaming

Bitcoin, Solana Down, While ETH, XRP Up

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A divergence has formed in the crypto futures market during the past week as Bitcoin and Solana have seen deleveraging against the others.

Bitcoin, Solana Have Seen A Drop In Perpetual Futures Open Interest

In a new post on X, on-chain analytics firm Glassnode has talked about the latest trend in the Open Interest for Bitcoin and other top coins in the cryptocurrency sector.

The “Open Interest” here refers to an indicator that measures the total amount of perpetual futures positions related to a given asset that are currently open on all centralized derivatives exchanges.

When the value of this metric goes up, it means the investors are opening up fresh positions on the perpetual futures market. Generally, the total leverage present in the sector rises when this trend develops, so the asset’s price can become more unstable following it.

On the other hand, the indicator registering a decline implies holders are either closing up positions of their own volition or getting forcibly liquidated by their platform. Such a trend usually leads to a reduction in leverage, which can make the price act in a more stable manner.

Now, first, here’s a chart that shows the trend in the Open Interest for Bitcoin over the past week:

The value of the metric appears to have gone down inside this window | Source: Glassnode on X

As displayed in the above graph, the Bitcoin Open Interest has followed an overall downward trajectory in this period, a sign that a net amount of positions have disappeared.

Interestingly, this trend has developed alongside a recovery surge in the BTC price to the $117,000 level. Generally, rallies attract speculative activity so the indicator tends to rise with them, but it would appear that it hasn’t been the case this time around.

Solana, the cryptocurrency sixth largest by market cap, has seen a similar trajectory in its Open interest during the past week, as the below chart shows.

The trend in the SOL Open Interest | Source: Glassnode on X

Thus, it seems both BTC and SOL have seen a cooldown in speculative activity even though their prices have witnessed a net increase over the past week. The same trend, however, hasn’t been seen with some of the other top digital assets.

The cryptocurrency number two only to Bitcoin, Ethereum, has witnessed a surge in the Open Interest, implying an increase in demand among the investors for leveraged positioning.

Looks like the metric has gone up for ETH | Source: Glassnode on X

The analytics firm has pointed out that XRP and BNB have also observed a similar trend. Given this divergence that has formed between the assets, it’s possible that ETH and company may be in for higher volatility than BTC and SOL.

BTC Price

Bitcoin recovered to $117,900 on Wednesday, but it seems the coin has seen a minor pullback since then as it’s now back at $117,000.

How the price of the asset has moved during the last five days | Source: BTCUSDT on TradingView

Featured image from Dall-E, Glassnode.com, chart from TradingView.com

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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Brera Holdings Rebrands As “Solmate” After $300M Solana Deal
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Brera Holdings Rebrands as “Solmate” After $300M Solana Deal

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Brera Holdings, a Nasdaq-listed sports ownership group with football clubs in Italy and across Europe, is rebranding as Solmate after raising $300 million through an oversubscribed private investment in public equity (PIPE). The company, which saw its stock price surge over 225% on the news, will pivot its core business to a digital asset treasury and infrastructure provider focused on the Solana (SOL) ecosystem.

According to the announcement on Thursday, the financing was supported by UAE-based Pulsar Group, ARK Invest, RockawayX, and the Solana Foundation.

Now, Solmate will not only focus on sport but also on building digital asset treasury based on Solana (SOL). In short, the firm will start collecting and staking SOL while setting up validator operations in Abu Dhabi. 

A validator secures the network and earns rewards, and Solmate plans to run bare-metal servers in the UAE to offer better performance than typical setups. The firm also said may list its shares on a UAE exchange while keeping its Nasdaq spot

Marco Santori, who was formerly the Chief Legal Officer at Kraken and a partner at Pantera Capital, has been appointed as the new Chief Executive Officer of Solmate. 

“Our stakeholders have deep, long-term conviction in the Solana ecosystem and will demand that we accumulate SOL through bull markets and bear markets alike,” Santori said in the release. He added that Solmate will build “real crypto infrastructure in the UAE” as part of its strategy.

Today, Wall Street found its Solmate.

Solmate is brand new Solana infrastructure for the UAE.

I’ll be its CEO.

Aligned with the Foundation and backed UAE investors, Solmate will have unparalleled access to capital and will supercharge SOL-per-share growth for its… pic.twitter.com/mk2zaPfRm5

— Marco Santori (@msantoriESQ) September 18, 2025

The new board of Solmate will also include well-known economist Arthur Laffer, who invented the Laffer Curve and received the Presidential Medal of Freedom, along with RockawayX CEO Viktor Fischer. 

Two board seats have also been reserved for representatives from the Solana Foundation. Laffer said that “sound money has been the foundation of strong economies” and called digital assets a positive step forward in monetary history. Fischer added that he believes Solana will be “the dominant blockchain network for capital markets”

Meanwhile, Brera will continue to run its existing sports clubs, while putting its main focus on crypto. Moreover, this is coming at a time where the Solana’s interest from institutions is increasing. Investors like Galaxy Digital and Forward Industries making billion-dollar level purchases.

Also Read: Plasma To Launch Mainnet Beta With $2B Stablecoins





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Solmate launches with $300m to establish Solana treasury in UAE
NFT Gaming

Solmate launches with $300m to establish Solana treasury in UAE

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Solmate launched with $300 million to establish a Solana treasury in UAE. Emerging from an oversubscribed private placement with backing from Ark Invest and UAE’s Pulsar Group, the new entity seeks to build physical staking infrastructure in Abu Dhabi.

Summary

  • Solmate launches with $300 million to establish a Solana treasury in the UAE, rebranding from Brera Holdings.
  • Backed by Ark Invest, Pulsar Group, RockawayX and the Solana Foundation, with plans for Abu Dhabi-based staking infrastructure.

According to a press release dated September 18, the capital was secured through a PIPE deal that will see Brera Holdings PLC, a Nasdaq-listed multi-club football ownership company, completely rebranded as Solmate.

The financing was spearheaded by UAE-based advisory firm Pulsar Group and garnered significant demand from a notable consortium, including Cathie Wood’s Ark Invest, early Solana (SOL) infrastructure specialist RockawayX, and the Solana Foundation itself.

Notably, the move installs crypto legal veteran and former Kraken CLO Marco Santori as CEO, with economist Arthur Laffer and RockawayX’s Viktor Fischer joining the board.

Why Solmate is betting on Solana

Per the statement, Soulmate views SOL as both fast-growing and structurally different from its peers. The company said the Solana blockchain processes more transactions and generates more on-chain revenue than all other networks combined.

Unlike Bitcoin, Solana is natively yield-generating through its proof-of-stake consensus mechanism, creating a tangible revenue opportunity for treasury holders through staking. Solmate’s strategy is a direct bet on this economic model, positioning the company to capitalize on the network’s growth.

“Our stakeholders have deep, long-term conviction in the Solana ecosystem and will demand that we accumulate SOL through bull markets and bear markets alike. Solmate is well-positioned as Solana adoption accelerates across institutional markets, DeFi, NFTs and AI,” Solmate CEO Marco Santori said.

To facilitate this aggressive accumulation, Solmate has negotiated a significant advantage. The company has executed a letter of intent with the Solana Foundation and expects to enter into a definitive agreement that would grant it preferential access to SOL tokens at a lowered entry price.

Operationally, the strategy extends far beyond simply holding assets on a balance sheet. Soulmate said a portion of the $300 million war chest is earmarked for building revenue-generating physical infrastructure in Abu Dhabi. The first project will be a deployment of bare metal servers specifically configured to operate a performant Solana validator

Following the announcement, shares of Brera Holdings (BREA) experienced a seismic surge, rocketing 412% to trade at $39.22.



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Solana
GameFi Guides

Solana And XRP Join CME Group’s Expanding Futures Options Roster In 2025 – Details

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Solana (SOL) and XRP have shown remarkable performance, not just in terms of price, but interest in their futures market has also been sharply rising in this bull cycle. Given the notable performance of their futures market and interest, crucial tools are currently being created to optimize and capture opportunities in the ecosystem.

CME Unveils Solana And XRP Futures Options

In the ongoing cycle, Solana and XRP futures are receiving more attention in the derivatives market, indicating that both institutional and retail traders are becoming more interested. These assets are becoming more prominent alongside Bitcoin and Ethereum in futures trading as liquidity increases and open interest grows.

Amid the rising adoption, Chicago Mercantile Exchange (CME Group), one of the world’s largest derivatives exchanges, has expressed its robust interest in the two leading assets. Specifically, the firm is expanding its crypto offerings with the planned launch of options on Solana and XRP futures.

The action indicates that institutional demand for exposure to digital assets besides Bitcoin and Ethereum is increasing. According to the report, the initiative is still pending regulatory approval and is expected to be unveiled on October 13, 2025.

Giovanni Vicioso, CME Group Global Head of Cryptocurrency Products, speaking on the move, stated that the introduction of these options contracts builds on the company’s suite of Solana and XRP futures’ notable expansion and rising liquidity. 

CME Group’s launch of these new products will give clients the ability to trade options on SOL, Micro SOL, XRP, and Micro XRP futures. Once trading begins, expiries will be made available every day of the business week, every month, and every quarter of the year.

It is worth noting that these contracts will be available in two different sizes. By introducing new trading instruments tied to Solana and XRP, the CME Group aims to provide investors with improved flexibility in risk management and seizing opportunities. The firm will be partnering with FalconX to enhance market efficiency and increase derivatives liquidity for its clients.

Notable Futures Contracts Created On The Platform

While options trading is still in the works, the Solana and XRP futures suite from CME Group has grown to be among the business’s most rapidly embraced futures offerings. In the report, the firm highlighted that more than 540,000 SOL futures contracts valued at $22.3 billion have traded since it was introduced on March 17. 

As of August 2025, the average daily volume (ADV) of SOL futures monthly reached 9,000 contracts, valued at $437.4 million in notional. Meanwhile, the average daily open interest (ADOI) reached 12,500 contracts, valued at $895 million in notional.

Such growth has also been observed with its XRP futures, recording more than 370,000 XRP futures contracts worth $16 billion in notional value since launch on May 19. At the same time, the XRP futures saw a record ADOI of 9,300 contracts valued at $942 million in notional value, and a record monthly ADV reached over 6,600 contracts worth $385 million in notional value.

SOL trading at $245 on the 1D chart | Source: SOLUSDT on Tradingview.com

Featured image from Medium, chart from Tradingview.com

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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BTC & SOLANA JUMP UP, BNB CROSSES $1,000, HYPE HITS ATH
Crypto Trends

BTC & SOLANA JUMP UP, BNB CROSSES $1,000, HYPE HITS ATH

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BTC & SOLANA JUMP UP, BNB CROSSES $1,000, HYPE HITS ATH

Crypto majors mostly rally post-FOMC; BTC at $117,300. SOL jumps 5% as Forward Industries announces $4B ATM. BNB crosses $1,000 for first time; CZ bull-posts ASTER (+400%). Hype hits new ATH at $59; Project X announces its Phase 2. TokenWorks & PNKSTR announce perpetual machine rollouts for 5 new NFT collections, token soars. Crypto majors are very green after a 25 bps cut at FOMC yesterday; BTC +1% at $117,300, ETH +2% at $4,580, XRP +3% at $3.11, SOL +5% at $247. PENGU (+14%), SPX (+11%) and AVAX (+10%) led top movers. HYPE hit a new ATH at $59 on Wednesday; BNB crossed $1,000 for the first time. The Bitcoin ETFs saw $51M in net outflows, breaking their 7-day inflow streak; the ETH ETFs also saw outflows. Moneygram is embracing stablecoins in partnership with Crossmint, big news for its 50M customers and 200 operating countries. Kraken and Circle are partnering to expand stablecoin access with USDC & EURC integration. NYDFS told banks to adopt blockchain analytics for AML/sanctions controls. A golden statue of Trump holding a Bitcoin has been installed outside the U.S. Capitol building. The SEC approved a generic listing standard which will greatly accelerate the approval process for crypto ETFs.



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8.18 Million Solana Committed on CME as SOL Options Prepare to Go Live
NFT Gaming

8.18 Million Solana Committed on CME as SOL Options Prepare to Go Live

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After multiple days of consistent price upsurge, Solana has suddenly flipped to the other side of the market. However, investors have shown resilience despite the negative price action witnessed today. 

As investors remain optimistic about Solana’s price potential, CME users have committed large amounts of SOL on the exchange, according to data provided by Coinglass.

The data show that open interest in Solana on CME Group has surged by over 6% in just one day as investors remain bullish on the leading altcoin. Notably, the key onchain metric shows that crypto users on CME have committed about $1.91 billion worth of SOL on the exchange.

CME shares big update for Solana

The surge in Solana’s futures activities specific to CME comes as the exchange disclosed plans to roll out options contracts for SOL and Micro SOL futures on its platform.

In a bid to fuel more exposure for the Solana ecosystem, CME also announced the launch of the Trading at Settlement (TAS) mechanism on SOL to allow users to seamlessly and precisely execute Solana trades.

The update has been warmly received by the crypto ecosystem, garnering hype for the leading altcoin and putting Solana in the spotlight.

The Solana-based product launching on CME has attracted more attention for Solana as it offers retail and institutional traders extended investment opportunities, allowing them to hedge their Solana market exposure.

Prior to this update, Solana had continued to attract capital as its fast transaction speeds and expanding ecosystem increasingly lured interest from large businesses, contributing to the surge in its futures activities.

With this move, Solana is set to garner massive traction in its derivatives market, weighing side by side with leading cryptocurrencies like Bitcoin and Ethereum in terms of institutional-grade trading tools. As such, this tends to boost confidence among investors for Solana and fuel higher demand for the asset, especially among institutional investors.

While this move promotes more adoption for Solana, it will provide more options for both its bullish and bearish traders to bet on its price moves.

Although the move positions Solana for more positive price actions, investors are closely watching the asset’s market dynamics, as there are speculations that some traders will opt to take profit once the SOL futures options go live on CME.



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Forward Industries doubles down on Solana with $4B share program
NFT Gaming

Forward Industries doubles down on Solana with $4B share program

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Forward Industries intends to expand its $1.58 billion in Solana holdings with up to $4 billion in new purchases.Forward Industries intends to expand its $1.58 billion in Solana holdings with up to $4 billion in new purchases.

Summary

  • Forward Industries filed for an option to sell $4 billion of its stock to acquire Solana
  • So far, the company has bought about $1.58 billion worth of SOL, financed by private investments
  • The program, if realized fully, could make Forward one of the largest SOL holders out there

Publicly traded firms are increasingly going beyond Bitcoin in their treasury strategies. On Wednesday, September 17, Nasdaq-listed company Forward Industries filed for an automatic shelf registration with the Securities and Exchange Commission. The filing allows the firm to sell up to $4 billion worth of its stock to acquire SOL.

“Having recently completed the largest Solana-focused digital asset treasury raise to date and initial purchases of more than 6.8 million SOL, the ATM Program enhances our ability to continue scaling that position, strengthen our balance sheet, and pursue growth initiatives in alignment with our long-term vision,” said Kyle Samani, Chairman of the Board of Directors of Forward Industries.

It is important to note that the program does not bind the firm to sell that many shares. Moreover, the company’s market cap is currently just $3.16 billion, almost a billion short of its goal. For that reason, it is unlikely that the firm will sell that many shares to buy SOL. Still, if the share price rises substantially after the announcement, the company could approach that goal.

Forward Industries already holds $1.58M in SOL

Earlier, Forward Industries completed a $1.65 billion private investment, led by crypto investment giants such as Galaxy Digital, Jump Crypto, and Multicoin Capital. Using those funds, the firm acquired 6.82 million SOL tokens at an average cost of $232 each, totaling about $1.58 billion.

Despite the latest announcement, shares of Forward Industries fell 4.12% in early morning trading.



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Forward Industries Plans $4B Share Sale to Back Solana Treasury
Crypto Trends

Forward Industries Plans $4B Share Sale to Back Solana Treasury

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Nasdaq-listed company Forward Industries filed for an at-the-market (ATM) equity offering program of up to $4 billion, giving the company flexibility to sell shares over time to support its Solana-focused treasury strategy. 

On Wednesday, Forward Industries announced that the program will allow it to issue and sell common stock through sales agent Cantor Fitzgerald. 

The offering is being made under an automatic shelf registration statement filed with the US Securities and Exchange Commission (SEC). An automatic shelf registration allows certain large, publicly traded companies to quickly raise capital with flexibility. 

While the maximum amount listed is $4 billion, the company noted that sales may or may not occur depending on market conditions.

Forward Industries to use part of the funds on Solana purchases

According to the announcement, proceeds from share sales will be used for general corporate purposes. This includes working capital, growth initiatives and expanding its Solana (SOL) treasury holdings. 

Kyle Samani, the chairman of the company’s board of directors, said the offering gives Forward Industries a flexible and efficient mechanism to raise and deploy capital for its Solana treasury strategy. 

“The ATM Program enhances our ability to continue scaling that position, strengthen our balance sheet, and pursue growth initiatives in alignment with our long-term vision,” Samani said.

Forward Industries announced its Solana treasury strategy plans on Sept. 8, securing $1.65 billion in cash and stablecoin commitments to build its SOL stash, led by crypto heavyweights like Galaxy Digital, Jump Crypto and Multicoin Capital.

The announcement was followed by a SOL buying spree, with Galaxy Digital buying $306 million in Solana tokens in one day to put in Forward Industries’ stash. 

At the time of writing, treasury data tracker Solana Strategic Reserve showed that Forward Industries led the SOL treasury companies, holding $1.6 billion in tokens.

Related: Nasdaq-listed Helius announces $500M funding for Solana treasury

Solana treasury companies hit $4 billion in SOL tokens

Forward Industries is not alone in its efforts to build a strategic treasury focused on Solana tokens. On Tuesday, Solana Strategic Reserve showed that SOL treasuries reached over 17.11 million SOL tokens for the first time. These tokens were worth over $4 billion, signaling increased institutional interest in Solana. 

In total, 17 companies have implemented Solana reserve strategies, including Sharps Technology, the DeFi Development Corp. and Upexi. 

Magazine: Meet the Ethereum and Polkadot co-founder who wasn’t in Time Magazine



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