Forward Industries nears $1B Solana paper loss after Q1 hit
Forward holds 6.98M SOL after reporting a $585.6M Q1 loss, as SOL’s slide leaves its Solana treasury near a $1B paper loss after Q1 results.
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The post Solana perps volume hits $2.5B, highest in 24 weeks appeared on BitcoinEthereumNews.com. Solana’s perpetual futures trading volume just hit $2.5 billion in a single 24-hour window, a level the network hasn’t seen in nearly six months. That’s 24 weeks of comparatively quiet on-chain derivatives activity, followed by a sudden spike that suggests traders are once again reaching for leverage on Solana’s native platforms. The number matters because perpetual futures, or “perps,” are the backbone of crypto speculation. They let traders bet on price movements with leverage and no expiration date. When perps volume surges, it typically means one of two things: traders are aggressively speculating on directional moves, or they’re scrambling to hedge existing positions. Phoenix rises as the volume king A significant chunk of that $2.5 billion flowed through Phoenix, a Solana-native perpetual trading venue. Phoenix alone reported $1.27 billion in 24-hour trading volume, meaning it captur
Read full articleForward holds 6.98M SOL after reporting a $585.6M Q1 loss, as SOL’s slide leaves its Solana treasury near a $1B paper loss after Q1 results.
Mainstream crypto users don’t care whether a product runs on a blockchain or not. That blunt observation came from Legend CEO Jayson Hobby as he announced the closure of the DeFi mobile app he helped build — and it may be the most honest thing said about crypto consumer products in years. Related Reading: Former […]
DeFi Development says SOL per share rose 108% to 0.0670, even as Q1 net loss hit $83.4M and its Solana holdings reached 2.29M SOL by May 13.
The post Why the Future of DeFi Will Look More Like Robinhood Than MetaMask appeared on BitcoinEthereumNews.com. The hardest thing about using DeFi today is not understanding it. Most users get the basic idea quickly: tokens move on a blockchain, you control your own keys, you can swap or lend or stake. The hard part is the workflow. A typical crypto workflow in 2026 still resembles a patchwork of disconnected applications. A user might swap on one interface, bridge through another, deposit into a vault somewhere else, and track positions across multiple wallets and chains, all while managing different gas tokens, approvals, browser tabs, and transaction states. The primitives are powerful. The workflow remains fragmented. This has been the user experience of crypto for most of a decade. The specific tools have improved. The structural fragmentation has not. There is a parallel here the industry has been slow to acknowledge. Outside of crypto, consumer finance has spent the last fifte
The post Why is bitcoin price down? BTC at $79,000 as Xi warns Trump on Taiwan conflict appeared on BitcoinEthereumNews.com. Bitcoin’s $80,000 floor cracked under back-to-back inflation shocks, and Xi Jinping’s Taiwan warning further dampened expectations of a recovery. BTC traded at $79,200 in Asian hours Thursday, down 2.3% over 24 hours and 2.2% on the seven-day, after slipping below the $80,000 level that had served as the floor for most of the past week, per CoinGecko data. Solana (SOL) led the cohort lower with a 5.6% drop to $90, giving back most of the weekly gains that had made it the standout altcoin for the past two weeks. Ether dropped 2.1% to $2,250 and is now down 3% on the seven-day, the second-weakest performer among the majors after BTC. BNB shed 1.6% to $660 but held a 3.9% weekly gain, while XRP slipped 1.7% to $1.43. Dogecoin held in green territory at $0.1126, up 0.9% on the day, the only major in the cohort to post a 24-hour gain. The sell pressure built around th
Geopolitical tensions and inflationary pressures could lead to increased market volatility, affecting investor confidence and economic stability. The post Solana drops 5%, Bitcoin below $80K amid US-China tensions over Taiwan appeared first on Crypto Briefing.
The post Bitwise’s BSOL ETF leads $26.5M in US Solana ETF inflows appeared on BitcoinEthereumNews.com. US Solana ETFs pulled in $26.57 million in net inflows in a single day, with Bitwise’s BSOL doing most of the heavy lifting. The fund attracted $21.6 million of that total, roughly 81% of all money flowing into Solana-focused exchange-traded products. BSOL is eating the Solana ETF market BSOL offers direct exposure to SOL while also seeking staking rewards, aiming to stake 100% of its holdings. That staking component is a meaningful differentiator. In a market where yield matters, an ETF that passes through staking rewards creates a compelling reason to choose it over competitors that simply hold the underlying token in cold storage. BSOL has captured 78% of roughly $1 billion in Solana ETF inflows on a year-to-date basis. Why institutions prefer the wrapper The sustained inflows into Solana ETFs point to a broader pattern that’s been developing across crypto. Institutional investors,
Solana's surge in perps volume signals increased DeFi activity but also hints at potential market volatility and competitive shifts in the crypto space. The post Solana perps volume hits $2.5B, highest in 24 weeks appeared first on Crypto Briefing.