Latest news with #staking
Yahoo
2 days ago
- Business
- Yahoo
EXCLUSIVE: DeFi Development Buys $19 Million In Solana
DeFi Development (NASDAQ:DFDV) announced on Monday that it has 999,999 Solana (CRYPTO: SOL/USD) and SOL equivalents on its balance sheet. The company purchased 141,383 SOL between July 14 and July 20, at an average purchase price of $133.53, representing approximately $19 million. The purchased SOL includes both spot purchases and discounted locked SOL. The company's SOL position includes rewards from staking and on-chain of July 20, 2025, DeFi Development held 999,999 SOL and SOL equivalents, an increase of 142,250 from its previous balance of 857,749. It held SOL and SOL equivalents worth $181 million. The company earned close to 867 SOL via staking, validator revenue, and other on-chain activity between July 14 and July 20 DeFi Development held 19,445,837 shares outstanding as of July 18, 2025. SOL per Share ("SPS") of 0.0514, representing an approximate 13% increase week-over-week. SPS was worth $9.30. The newly acquired SOL will be held long-term and staked to various validators, including DeFi Development's own Solana validators, to generate native yield. Month-to-date, DeFi Development raised approximately $19.2 million in net proceeds through its Equity Line of Credit facility, issuing 740,000 shares of common stock. Roughly $5 million of the proceeds remains available primarily for future SOL purchases. To date, DeFi Development has drawn 0.4% of the total available capacity under its credit facility. Approximately $4.98 billion remains available under the facility. Last week, DeFi Development outlined a medium-term objective of reaching 1.0 SPS by December 2028 and near-term guidance of 0.1650 SPS by June 2026, representing approximately 261% growth from Monday's level of 0.0457. Price Action: DFDV stock traded higher by 11.2% to $27.14 premarket at the last check Monday. Photo by Lee Wa Da via Shutterstock Up Next: Transform your trading with Benzinga Edge's one-of-a-kind market trade ideas and tools. Click now to access unique insights that can set you ahead in today's competitive market. Get the latest stock analysis from Benzinga? This article EXCLUSIVE: DeFi Development Buys $19 Million In Solana originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved.
Globe and Mail
5 days ago
- Business
- Globe and Mail
Hivello's HVLO Token Now Available in Binance Mobile App
LONDON and AMSTERDAM, July 18, 2025 (GLOBE NEWSWIRE) -- Hivello, a DePIN aggregator that enables users to earn by monetizing idle (computing) resources across multiple DePINs (Decentralized Physical Infrastructure Networks), announces a significant expansion of its ecosystem. The $HVLO token is now fully integrated with the Binance Wallet application, enabling users to seamlessly swap and stake $HVLO directly from the familiar Binance mobile application UI. This integration marks a pivotal moment for the $HVLO community, offering unprecedented accessibility and utility. Binance Wallet, a self-custody Web3 wallet built into the Binance App, provides a secure and user-friendly gateway to the decentralized world. Key Highlights of the Integration: Effortless Swaps: Users can now perform instant swaps of HVLO tokens with other supported cryptocurrencies directly within the Binance Wallet interface Direct Staking: HVLO holders can now stake their tokens directly from the Binance Wallet application to earn rewards. This streamlined staking process makes it easier than ever for users to participate in the Hivello ecosystem's growth and benefit from its long-term vision. Enhanced Accessibility: HVLO dramatically expands its reach to millions of Binance users worldwide. This integration empowers a broader audience to engage with the Hivello network, contributing to its decentralization and adoption. Seamless User Experience: The integration provides a consistent and intuitive experience for users already familiar with the Binance mobile application, reducing friction and enhancing overall usability. The Hivello project aims to simplify participation in DePINs, allowing users to monetize their idle computing resources with ease. This integration with Binance Wallet further solidifies Hivello's position as a leader in making Web3 more user-friendly and inclusive. Users can access these new functionalities by ensuring they have the latest version of the Binance mobile application and activating their Binance Wallet. "We are incredibly excited to bring $HVLO to the vast and engaged community within the Binance ecosystem," said Domenic Carosa, Co-Founder & Chairman of Hivello. "This integration with Binance Wallet significantly lowers the barrier to entry for users looking to engage with DePINs and earn passive income through $HVLO. It's a testament to our commitment to making decentralized technologies accessible and beneficial for everyone." About Hivello: Hivello is a DePIN aggregator that radically simplifies and opens up DePIN mining to everyone. By aggregating various DePIN networks into a hyper-intelligent, user-friendly node application, Hivello eliminates technical barriers, enabling anyone to participate and earn from decentralized infrastructure by monetizing their idle computing resources. Hivello's mission is to onboard the next wave of Web2 users into Web3, making passive income accessible with just a few clicks. About Binance Wallet: Binance Wallet is a self-custody Web3 wallet built directly into the Binance App. It provides users with full control over their digital assets through advanced multi-party computation (MPC) technology, eliminating the need for a traditional seed phrase while maintaining robust security. Binance Wallet simplifies interaction with various blockchain applications, including cross-chain token exchanges, DeFi protocols, and DApps, offering a seamless and secure entry point into the Web3 world.
Yahoo
5 days ago
- Business
- Yahoo
Canary Capital Files for INJ ETF With Staking Rewards, Adding to List of Products
Hedge fund manager Canary Capital has filed with the U.S. Securities and Exchange Commission to launch an exchange-traded fund tied to Injective's INJ token, the company disclosed in a filing on Thursday. Called the Canary Staked INJ ETF, the proposed product would track the price of INJ while also offering staking rewards to investors. Injective is the native token of the Injective blockchain, a layer-1 protocol built for decentralized finance applications. In a press release, the firm said it has seen 'significant and growing demand' from both retail and institutional investors for regulated exposure to Injective. The ETF is designed to lower technical hurdles and promote wider adoption of staking-based crypto investments, according to the form. Staking allows token holders to lock up their assets to help secure a blockchain network and, in return, earn periodic rewards. These rewards often require self-custody or navigating on-chain interfaces — something the proposed ETF structure would aim to simplify. This latest filing adds to Canary Capital's growing list of pending crypto ETFs. The hedge fund is also seeking approval for ETFs tracking Litecoin (LTC), Hedera (HBAR), Sui (SUI), TRON (TRX), XRP (XRP), and the meme-inspired token PENGU (PENGU). None of the products have received regulatory approval. While the SEC has approved spot bitcoin (BTC) ETFs and more recently spot ether (ETH) ETFs, it has not yet officially approved any ETFs that include staking yields. A Solana (SOL) ETF including staking features launched earlier this month but that fund didn't require approval from the regulator. Sign in to access your portfolio
Bloomberg
08-07-2025
- Business
- Bloomberg
Anchorage CEO Discusses Solana ETF, Circle, Stablecoins
The REX-Osprey Solana + Staking ETF (ticker: SSK) is the first spot Solana staking fund. It launched on July 1 with Anchorage Digital as its custodian. Anchorage CEO and co-founder Nathan McCauley speaks with Sonali Basak and Tim Stenovec on "Bloomberg Crypto" about the new fund and Circle seeking to create a national trust bank in the US. In 2021, Anchorage was conditionally approved to convert Anchorage Trust Company into Anchorage Digital Bank. (Source: Bloomberg)
Yahoo
08-07-2025
- Business
- Yahoo
Anchorage CEO Discusses Solana ETF, Circle, Stablecoins
The REX-Osprey Solana + Staking ETF (ticker: SSK) is the first spot Solana staking fund. It launched on July 1 with Anchorage Digital as its custodian. Anchorage CEO and co-founder Nathan McCauley speaks with Sonali Basak and Tim Stenovec on "Bloomberg Crypto" about the new fund and Circle seeking to create a national trust bank in the US. In 2021, Anchorage was conditionally approved to convert Anchorage Trust Company into Anchorage Digital Bank. Sign in to access your portfolio
