DeFi Development Corp has accumulated a strategic reserve of 999,999 Solana (SOL) tokens worth $181 million through acquisitions and staking operations. The firm’s shares, trading under the ticker SPS, are currently valued at 0.0514 SOL per share or $9.30 per share, marking a significant deployment of capital into the Solana ecosystem.
The Ether Machine announced plans for a $220 billion public listing via a SPAC merger on NASDAQ, targeting the accumulation of 400,000 ETH by year-end. Led by former ConsenSys executive David Merin, the company has raised over $800 million from prominent investors including Pantera Capital and Kraken, positioning it as a major institutional cryptocurrency vehicle.
South Korean legislators are advancing new regulations for Korean won-pegged stablecoins to counter USD stablecoin dominance and establish clear frameworks for security token offerings (STOs). The proposed legislation seeks to bolster local currency utilization in blockchain transactions while developing comprehensive digital asset oversight mechanisms.