Upexi, a Nasdaq-listed company, has stepped up its bet on Solana by forming a new advisory committee and naming Arthur Hayes as its first member. Related Reading: Ethereum Hits $4,300, Restoring Vitalik Buterin’s Crypto Billionaire Status Reports have disclosed the move came with a clear push to support the firm’s large Solana treasury, which has drawn attention from investors and rival corporate treasuries alike. Upexi Deepens Its Solana Bet According to Upexi’s own filings and public statements, the company now holds over 2 million SOL in its treasury. That stake has been built quickly through multiple purchases and capital raises, and publications place its value in the hundreds of millions of dollars depending on the SOL price used. Upexi says it is also using staking to earn yield from the holdings, a move meant to add steady income as it holds the tokens. upexi forms advisory committee, welcoming arthur hayes (@CryptoHayes) as first member arthur is cio of @maelstromfund and brings deep digital asset and institutional finance expertise committee will drive strategy, expand visibility, and unlock capital for our $SOL treasury… pic.twitter.com/lBtzxziL3r — Upexi (@UpexiTreasury) August 12, 2025 Upexi’s hiring of Arthur Hayes — a high-profile figure in crypto circles — is meant to sharpen strategy and help unlock more capital for the firm’s purchase plans. Reports say the advisory committee will guide visibility, partnerships and capital-raising for acquisitions tied to the treasury effort. The move has already helped lift investor interest in the company’s stock. Other Public Firms Join The Push Beyond Upexi, other public companies have made clear Solana bets. Based on reports, DeFi Development Corp. has increased its holdings to nearly a million SOL units after a fresh round of purchases and financing. That placement puts it among the biggest corporate Solana holders and gives it meaningful exposure to the altcoin’s price moves. Meanwhile, crypto miner BIT Mining disclosed purchases around 27,190 SOL and has said it will convert existing crypto holdings to focus on SOL while also launching a validator to stake tokens. These corporate moves are not just headlines. They represent predictable, on-balance-sheet demand that can tighten the available supply held by retail traders and exchanges. At the same time, concentrated positions raise questions about what would happen if any of these holders decided to change strategy or sell quickly. Related Reading: Chainlink Tipped To Outshine XRP In Global Banking Links: Analyst Market Moves And Technical Signs Market data shows SOL trading back around the $200 mark after a strong daily gain, and daily volumes have spiked as traders pile in. Price sites report roughly a mid-$100-billion market capitalization for SOL and daily turnover in the low double-digit billions, figures that underline how big the token’s market has become. Technical commentators have pointed to moving average crossovers and other bullish setups as reasons traders are optimistic right now. Featured image from SolanaFloor, chart from TradingView
KindlyMD raised $51.5 million in just 72 hours to fuel its transformation into a Bitcoin-first public company.
Though old news, U.S. inflation numbers from May were disappointing.
Nano Labs plans to sell $500 million in convertible notes to accumulate Binance’s BNB, aiming to own 5%-10% of its circulating supply.
Nasdaq and bitcoin often move together, suggesting the golden cross could encourage bitcoin bulls.
The company, which has been aggregating Solana’s SOL, wants to enter the U.S. market.
The Tron blockchain is reportedly planning a backdoor entry to the US public markets through a reverse merger with SRM Entertainment, a Nasdaq-listed company, the Financial Times reported on June 16. If completed, the merger would create a new company, Tron Inc., holding large amounts of TRX, Tron’s native token. The report also suggested that […]
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Cardano’s ADA has joined the Nasdaq Crypto Index, moving from the sidelines into the institutional spotlight. According to Nasdaq filings, this shift brings ADA alongside Bitcoin and Ethereum in one of the main benchmarks watched by big investors. It’s a sign that regulators and asset managers see Cardano as more than just another blockchain token. Related Reading: Bitcoin To $1 Million? Michael Saylor Laughs Off Crypto Winter Fears Index Broadens To Nine Assets Based on reports from TapTools and Nasdaq’s Form 8-K, the index grew from five to nine assets. It now lists Bitcoin, Ethereum, Litecoin, Chainlink, Uniswap, and adds Cardano (ADA), Solana (SOL), Ripple (XRP), and Stellar (XLM). The change gives these newcomers a seat at the table. It also means more options for funds that track this benchmark. Cardano $ADA has officially been added to the Nasdaq Crypto Index, joining BTC and ETH in one of the industry’s top institutional benchmarks. It’s not just recognition— It’s infrastructure-level validation. Full breakdown ????https://t.co/n6nW3aK8rt pic.twitter.com/KuyDXy4cem — TapTools (@TapTools) June 10, 2025 Impact On Weighting Of Bitcoin And Ethereum Previously, Bitcoin made up 85% of the index and Ethereum held 10%. With ADA and the other three in play, Bitcoin’s share falls to 75% and Ethereum’s to 11%. This shift lets portfolio managers spread risk across a broader set of tokens. It also lowers the concentration in the two biggest names in crypto. SEC approves NASDAQ Index that includes ADA Cardano pic.twitter.com/p7Rj5RVGQd — Cardano Feed ($ADA) (@CardanoFeed) June 11, 2025 ETF Holdings Await SEC Signoff Even though the index itself now includes all 9 assets, the US-listed Hashdex Nasdaq Crypto Index ETF still holds only Bitcoin and Ethereum. That won’t change until the SEC signs off on updates to the ETF’s rulebook. Based on the current timeline, that approval is expected in early 2026. Until then, US investors can track the wider index on paper, but their ETF shares will stick with the original two coins. Related Reading: TRX Price Up As Tron Rolls Out The Red Carpet For Trump-Backed Stablecoin Cardano Gains Institutional Spotlight For Cardano, this is more than a trophy. It means added liquidity, better price support, and a clearer path into institutional portfolios. More cash in and out of ADA markets could narrow trading spreads and smooth out big swings. Trading platforms, custody services, and exchanges will feel the impact too. They’ll need to meet the index’s criteria—steady volume, regulated venues, and institutional-grade storage. Those checkpoints help keep major players comfortable when they decide to buy or sell ADA at scale. Overall, bringing ADA into this benchmark shows that big finance is watching Cardano more closely than before. Yet the final step—actual ETF inclusion in the US—still lies with regulators. Featured image from Unsplash, chart from TradingView
Galaxy Digital shares started trading on Nasdaq today, but the listing will have to jostle for the crypto sphere's attention.
Nasdaq has filed a 19b-4 form with the US Securities and Exchange Commission (SEC) to support the listing of a new 21Shares Spot Dogecoin (DOGE) Exchange-Traded Fund (ETF), according to an April 29 filing. The proposed fund would offer investors passive exposure to Dogecoin’s price without engaging in speculative trading activities like leverage, derivatives, or […]
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A highly specific taxonomy is needed for the U.S. to move forward with crypto regulation, the company argued in a letter to the agency.
Bitcoin prices surged this week, increasing from $84,100 on Monday to $93,549 at the time of the most recent market update. This 6.5% increase over a 24-hour period occurs as the cryptocurrency is seen breaking its historical link with tech stocks, market analysts say. Related Reading: Bitcoin Rockets To Monthly Highs As Open Interest Explodes By Over $3 Billion Bitcoin And Gold Chart Different Paths From Traditional Markets Eric Balchunas, Bloomberg Senior ETF Analyst, noted that Bitcoin has performed better than treasury bonds, which he described as “unreliable” in current market trends. Gold also defied expectations, dropping 0.983 points while stocks fell. The precious metal recently reached a record high of $3,500 per ounce before it settled at approximately $3,400. Though Balchunas conceded the time period is short, he emphasized that the crypto must continue to “win” these short-term skirmishes to gain its position as an actual alternative asset. These small wins may ultimately put Bitcoin in front of global stocks, much like gold has done over time. Bitcoin up big yest when stocks down, showing negative correlation to stocks past week or so, better than treasuries (which are unreliable once again), altho gold is in league of own (-98). Obv a ridic small time frame but gotta get get these small wins if it ever wants to be… pic.twitter.com/JydPKuDRNA — Eric Balchunas (@EricBalchunas) April 22, 2025 ETF Money Flows Reach Highest Levels Since January As per Matthew Sigel, VanEck’s head of research, Bitcoin’s rally from its April 7 low has freed it from its historical correlation with US tech stocks. This is as Bitcoin Exchange-Traded Funds (ETFs) recorded their largest inflows since January 30, indicating increasing investor confidence. The timing of such inflows may be pivotal in maintaining Bitcoin’s present price rally. According to reports from market observers, without ongoing investment via these ETFs, the momentum may be lost. Bitcoin Surges As NASDAQ Stumbles Latest data pointed out a rare divergence between Bitcoin and the NASDAQ index. As Bitcoin prices rose, the NASDAQ struggled – a trend that never lasts long. When the NASDAQ’s 200-day moving average has declined in the past, the crypto generally encountered challenging market conditions. Today, Bitcoin is at its own 200-day moving average, but some analysts are thinking that this time may go differently if investment flows continue to be robust. Related Reading: Pi Network Frenzy Builds: $5 Prediction As Whales Take Out Millions Investor Sentiment Shows Signs Of Recovery Statistics show that sentiment towards investing in digital assets is getting better. The majority of fresh funds entering crypto during the last week went straight into Bitcoin, although mid-week retail activity led to $146 million in outflows. The recent price action of the cryptocurrency has been noticed as it implies Bitcoin could be settling in as an investment asset. While financial assets and technology stocks follow their own patterns in the market, current capacity for Bitcoin to do something different piques interest concerning whether it will play a long-term function. Featured image from PixelPlex, chart from TradingView
Bitcoin continues to outperform traditional tech benchmarks, signaling a potential shift in market leadership as correlations weaken.
Historic gains offer short-term relief, but market patterns signal caution ahead.
Since Bitcoin failed to hold above the $100,000 psychological barrier earlier this year, its bullish momentum has gradually unraveled. The pullback has deepened over the past two months, with Bitcoin trading between $75,000 and $79,000 in April. The bullish prospect is becoming very weak, and the crypto sector is searching for technical clarity amidst a buildup of pressure across traditional markets, especially with equities. Given the situation, crypto analyst Tony Severino noted that the current setup offers one major move that could invalidate an extended bearish momentum. Tony “The Bull” Identifies Important LMACD Inflection Point To Reject Bearish Hypothesis According to Tony “The Bull” Severino, the most important chart development is the incoming bearish crossover on Bitcoin’s 1-month LMACD indicator. The LMACD, which tracks market momentum on a logarithmic scale, currently shows the blue line drifting toward a crossover beneath the orange signal line. Related Reading: Crypto CEO Reveals Why The Bitcoin Bull Market Is Over With Crash Below $80,000 This kind of intending crossover is known to be an important bearish confirmation, and its appearance has coincided with growing weakness across broader markets, including traditional indices like the S&P 500 and Nasdaq. Although the crossover has not yet been confirmed by a monthly close, its presence at the open of April is enough to stir concern. Severino explained that unless a significant rally occurs before the end of the month, the blue line will cross below the orange line, and momentum will officially turn bearish. If the month closes with the crossover intact, it will mark the first confirmed bearish momentum shift on the LMACD since the bullish reversal in July 2023. Bitcoin Bulls Still Have A Window To Flip The Outlook Before April Ends According to Tony Severino, this crossover is not the sole reason for leaning bearish on Bitcoin’s medium-term trajectory, but it stands out as the most precise technical marker that could trigger a rethink. The crossover isn’t isolated to the Bitcoin price chart. Severino highlighted that the same bearish crossover was already confirmed last month in major indices like the S&P 500 and the Nasdaq 100. Interestingly, the crossover has already shown up in the BTCUSD versus GOLD chart, further supporting the idea that Bitcoin is no longer moving in isolation but reacting to widespread macro pressures. Related Reading: Bitcoin Price 1-Month Stochastic: Expert Warns Investors To Stop Comparing BTC To 2017 Moves Despite the bearish tilt, the situation is not yet final. The current crossover is provisional, meaning there’s still time for bulls to reverse the signal. A powerful upward move this month could cause the blue LMACD line to diverge higher, reestablish upward momentum and invalidate the bearish setup before it solidifies. The analyst also noted this possibility of a rebound considering the current oversold levels. This is because oversold technical conditions generally creates the kind of environment where a dramatic reversal is possible. At the time of writing, Bitcoin is trading at $77,260, down by 2.23% and 8.93% in the past 24 hours and seven days, respectively. Featured image from Unsplash, chart from Tradingview.com
Frustrated bitcoin bulls might want to zoom out as stocks gain across the globe following the days-long tariff-induced rout.
The cryptocurrency market is showing resilience as U.S. equities plunge and investors look to bitcoin as a potential hedge
Is the long-awaited "decoupling" finally here? Bitcoin bulls hope so.
Despite steep declines in U.S. equities, bitcoin shows surprising strength, holding above key technical levels.
Bitcoin could be viewed as serving multiple purposes in a tech portfolio, paving the way for more institutional buying, the bank's digital asset research head said.
The relief could be short-lived per some observers.
Initially BTC decoupled from stocks, but the positive correlation has strengthened during the recent downturn.
Stretched positioning and Japanese institutional activity could cap gains in the yen, paving the way for a bounce in Nasdaq and bitcoin.
Nasdaq plans to introduce 24-hour trading by the second half of 2026, a move that mirrors the crypto market’s nonstop activity. Nasdaq President Tal Cohen confirmed the development on March 7, stating that discussions are underway with regulators, market participants, and infrastructure providers. The goal is to extend trading hours to five days a week […]
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Having sunk to as low as $81,500 earlier in the session, bitcoin (BTC) climbed above $88,000.
Treasury Secretary Scott Bessent Tuesday morning said the Trump administration is committed to lowering interest rates.
The technical outlook has worsened for both BTC and Nasdaq.
Crypto had plenty of reasons on its own to head lower, but now a general macro risk-off sentiment can be added to the mix.
The firm, which holds 1,000 BTC, went public on the Nasdaq Wednesday via a SPAC merger.
There has been a significant shift in how closely Bitcoin (BTC) moves alongside traditional equity indices compared to earlier months. The correlation with the Nasdaq and the S&P 500, which had been relatively strong through much of 2024, shows a slight but consistent decline going into late 2024 and 2025. Part of the reason for […]
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