According to the latest data, bitcoin (BTC) quotes have slightly risen over the past 24 hours. The digital coin gained 1.2% in value, trading around $103,500. A more significant increase was shown by ether (ETH), whose price jumped by 8.5% to $2,665. Quotes for Solana (SOL) and Dogecoin (DOGE) increased by 7% and 8.6%, respectively.
Coinbase invests in Stablecorp and develops QCAD
Coinbase announced investments in the stablecoin issuer Stablecorp with the aim of promoting the Canadian dollar (CAD) backed token QCAD. According to Coinbase Canada CEO Lucas Matheson, the asset is being created to address local payment infrastructure issues. Coinbase plans to use QCAD for integration into international channels, especially in the B2B payment segment.
DeFi Development Corp increases its stake in Solana
DeFi Development Corp. (NASDAQ: DFDV) reported the purchase of 172,670 SOL at an average price of $136.81, totaling $23.6 million. The company's total portfolio now consists of 595,980 SOL, including staking income, equivalent to $102.7 million. This indicates growing institutional confidence in the Solana ecosystem, especially in the context of recent developments in private DEXs and increased activity in the DeFi sector.
eToro goes public on Nasdaq with a valuation of $4.2 billion
The trading platform eToro has officially listed its shares on the Nasdaq under the ticker ETOR. The company issued 6 million securities at a price of $52, raising $620 million with a total valuation of $4.2 billion. This IPO confirms interest in retail trading platforms and may impact competition in the cryptocurrency and stock brokerage segment. The funds raised are likely to be directed towards expanding global presence and developing new products.
MetaComp launches the StableX platform for cross-border payments
Singapore fintech company MetaComp has introduced StableX — a cross-border currency payment platform focused on the B2B segment. The platform supports liquidity between fiat currencies and the USDT and USDC stablecoins and is designed for international merchants, financial organizations, and payment service providers. This expands the practical application of stablecoins and facilitates the inclusion of digital assets into traditional chains, especially in Southeast Asia.
Private DEXs strengthen their positions in DeFi on Solana
According to Pine Analytics, between 40% and 60% of trading volume on Solana is currently passing through private DEXs, including SolFi, Obric v2, and ZeroFi. Jupiter remains a key aggregator. These platforms actively use internal treasuries and their own oracles to enhance efficiency, especially in USDC and USDT stablecoins and SOL pairs. However, expected technical upgrades from Solana Labs may change the balance of power in favor of more open solutions.
ETF: outflow of BTC, inflow of ETH
Spot bitcoin ETFs recorded an inflow of $89.06 million, while Ethereum ETFs showed an outflow of $4.22 million. None of the 12 BTC funds recorded losses, while 9 ETH funds experienced asset declines. This reflects a reallocation of institutional capital in favor of bitcoin amid expectations of regulatory decisions and the development of new investment instruments.