Defi

DeFi Development Corp, a Nasdaq-listed company, is just one token short of reaching 1 million SOL in its treasury after executing a massive $198 million Solana (SOL) purchase last week.
Between July 14 and July 20, 2025, the firm acquired 141,383 SOL through a combination of spot market buys, discounted locked tokens, and staking or validator rewards, pushing its total Solana holdings to 999,999, the company confirmed in an official statement on Monday.
“All newly acquired SOL is being staked immediately, earning native yield while helping secure the Solana network,” the company posted on X (formerly Twitter).
The timing of the move proved ideal. According to Nansen data, Solana surged 12% on Monday, climbing above $202, reflecting strong bullish sentiment fueled in part by DeFi Development Corp’s aggressive accumulation strategy. Over the past seven days, SOL is up more than 25%, showcasing renewed investor confidence.
Funding, Strategy, and More SOL to Come
Month-to-date, DeFi Development Corp said it has raised $19.2 million by issuing 740,000 shares of common stock. As of now, $5 million in proceeds remains available, which, at current market prices, equates to approximately 24,752 additional SOL.
The firm has publicly reiterated its focus on Solana. Speaking in a June 25 episode of the Thinking Crypto podcast, CEO Joseph Onorati emphasized there are “no plans to expand to any other crypto for the foreseeable future.”
According to Onorati, Solana’s native yield and price volatility offer a unique advantage. “Ultimately, the volatility gets monetized for the benefit of the shareholders via convertible debt financing,” he said.
DeFi Development Corp’s Background and Stock Reaction
Formerly known as Janover, the company transitioned from a real estate finance platform into a crypto-focused strategy firm. It made its first Solana purchase of 2,858 SOL on April 8.
Despite its bold move into crypto, DeFi Development Corp's stock (DEFC) dipped 3.65% on Monday, closing at $23.52. It slightly recovered in after-hours trading to $24.55, suggesting investor skepticism toward short-term gains.
Others Follow the Solana Strategy
The trend of building Solana treasuries is gaining traction. On July 10, Bit Mining, a Bitcoin mining company, announced a $300 million capital raise to pivot into the Solana ecosystem. Meanwhile, Hong Kong-based MemeStrategy surged 28.5% in mid-June after acquiring 2,440 SOL, becoming the first publicly listed company in the region to back Solana directly.
The post appeared first on CryptosNewss.com
#Defi #solana $SOL

📅 July 23, 2025 | Washington, D.C., USA
What seemed like a historic victory for crypto adoption on Wall Street has just received a cold shower: Bitwise Asset Management, one of the best-known digital asset managers in the US, is evaluating the SEC's pause on its crypto index fund, initially approved just a few weeks ago, The Block revealed.
The announcement confirms that the Securities and Exchange Commission (SEC) suddenly halted the full launch of the product, generating legal and market uncertainty just as retail and institutional investors were ready to inject millions.
What exactly happened?
In June, the SEC had given a preliminary green light to the Bitwise Crypto Index Fund, designed to offer diversified exposure to a basket of leading digital assets (BTC, ETH, and large-cap DeFi tokens) without requiring investors to directly hold custody of the crypto assets.
However, internal sources cited by The Block claim that the agency suspended the final authorization, citing:
🔹 Concerns about the liquidity structure of some tokens.
🔹 Fears of market manipulation linked to small-cap assets included in the index.
🔹 Lack of clear custody and disclosure guarantees for retail investors.
What will Bitwise do now?
According to statements from the Bitwise team:
“We are committed to working closely with the SEC to resolve any concerns and provide the necessary transparency for regulators and our customers.”
In other words: Bitwise isn't throwing in the towel yet, but the pause threatens to indefinitely delay the launch of a product that promised to democratize crypto investing for thousands of pension funds, financial advisors, and retail traders.
Why does it matter so much?
This index fund had become a symbol of the institutionalization of the crypto ecosystem:
It allowed traditional investors to gain exposure to crypto with the simplicity of an ETF. It added new liquidity to mid-market assets in the ecosystem. It competed directly with ETF futures and more restrictive products.
A prolonged pause cools Wall Street's appetite and sends a signal that, while the SEC is showing more flexibility with Bitcoin and Ethereum, middle-layer tokens and DeFi remain in its crosshairs.
Figures that make a difference
Bitwise expected to capture more than $500 million in net inflows during the first six months of operation. Now, those funds are on hold, and some are already exploring alternatives in BTC/ETH spot ETFs or staking funds.
Topic opinion:
This blow shows the fragility of the bridge between crypto and Wall Street. Every regulatory advance is accompanied by setbacks that test the patience of investors and the resilience of crypto companies.
Bitwise has the muscle to renegotiate, but the SEC continues to make it clear that any token other than BTC or ETH will be scrutinized down to the last byte.
💬 Do you think the SEC is blocking innovation or doing the right thing to protect investors?
Leave your comment...
#Bitwise #SEC #defi #blockchain #CryptoNews $BTC