Ethena's ENA Token Launches on Solana via Sunrise DeFi: Solana
Ethena's ENA stablecoin is now live on the Solana blockchain through integration with Sunrise DeFi.
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The post How Is the World’s Largest Solana Treasury Firm Down $1B in SOL Crash? appeared on BitcoinEthereumNews.com. Forward Industries is facing a large unrealized loss on its Solana treasury after building one of the biggest listed corporate SOL positions near much higher market prices. The company holds nearly 6.98 million SOL, acquired at an average cost of about $232 per token. With Solana trading near $91 in mid-May, the position is worth roughly $637 million, compared with a purchase cost near $1.59 billion. That leaves Forward Industries with an estimated paper loss close to $983 million. The loss remains unrealized because the company has not sold the full position. However, the lower market value has already affected reported financial results through digital asset impairment charges. Forward reported a Q1 2026 loss of $585.6 million, with $560.2 million tied to digital asset markdowns. Source: X Forward became the largest listed Solana-focused treasury after raising capital
Read full articleEthena's ENA stablecoin is now live on the Solana blockchain through integration with Sunrise DeFi.
The post 3 Altcoins in 2026 Market That Don’t Care About Bitcoin (BTC) appeared on BitcoinEthereumNews.com. In 2026, Bitcoin continues to dominate the larger crypto market cycle, but its hegemony over altcoin performance is eroding. The majority of significant assets, such as Ethereum, Solana, XRP, and Cardano, continue to move mostly in lockstep with Bitcoin, confirming its position as the market’s main source of liquidity and sentiment. A smaller subset of altcoins, however, is starting to act differently. Recent market performance data indicates that a number of assets have outperformed Bitcoin over the past six months, exhibiting stronger independent narratives and less correlation. Hyperliquid, Tron, and Midnight are some of the most prominent names. HYPE’s positioning The swift growth of decentralized perpetual futures trading has made Hyperliquid one of the market’s strongest momentum assets. Due to growing institutional interest, increased exchange activity, and growing specula
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