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đŁ DeFi Development Announces Plans to Raise $100M to Buy More Solana: What Next for SOL Price? Solana (SOL) price has signaled a possible further correction after being rejected above $160 earlier this week. The large-cap altcoin, which is heavily incentivized by the mainstream adoption of memecoins and real-world assets tokenization (RWA), dropped over 5 percent in the last 24 hours to trade at about $146.55 on Tuesday, July 1, 2025, during the mid-North American trading session. đž Institutional Demand Spells Hope for Solana The demand for Solana has grown exponentially in the past year fueled by institutional investors. As Coinpedia noted, the U.S. SECâs approval of the first Solana ETF product, after the agency gave Grayscale the green light to convert its Grayscale Digital Large Cap (GDLC) Fund into a spot ETF, signaled an imminent approval of the rest of the spot SOL ETF application soon. Due to the growing organic demand for Solana, DeFi Development Corp. (NASDAQ: DFDV) has announced plans to double down on its SOL acquisitions. On Tuesday, DeFi Development Corp. announced it intends to raise $100 million through convertible senior notes due 2030. âThe Company intends to use a portion of the net proceeds from the offering to repurchase shares of the Companyâs common stock, par value $0.00001 per share through the prepaid forward described below. The Company expects to use the remainder of the net proceeds from the offering for general corporate purposes, including the acquisition of SOL,â DeFi Development, noted. đž Whatâs Next for SOL Price? As with the rest of the altcoins, the SOL price has ultimately mirrored BTC price action in the recent past. In the daily timeframe, Solana price was rejected from the 50 Moving Average Simple (SMA), thus signaling the bulls have lost initial recovery momentum. đŹ Really not asking for much, just want to see new $SOL ATHs in Uptober â K A L E O (@CryptoKaleo) July 1, 2025 #SOL #Solana
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đ Bitcoin Price Falls Back Below $107K As Senate Votes on Big Beautiful Bill, Is $100k Next? Bitcoin (BTC) has dropped below $107,000 as President Trumpâs âbig, beautiful billâ sparks fresh macro fears in the crypto market. As of July 1, Bitcoin price is trading at $106,593, with a slight 0.9% decline in 24 hours. However, with pro-crypto Senator Cynthia Lummis proposing friendly tax amendments, can BTC rebound, or will it drop to $100,000? #BTC #Bitcoin
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âĄïž While partnership news continues to come in the cryptocurrency market, the latest news came for the altcoin Avalanche ($AVAX ), which is closely followed by Turks. Accordingly, South Korean fintech foreign exchange platform Travel Wallet signed a cooperation agreement with Avalanche. Travel Wallet has signed a memorandum of understanding (MOU) with layer-1 blockchain platform Avalanche to develop a Korean won-based stablecoin, local news agency Naver reported. As part of the partnership, Travel Wallet plans to issue a stablecoin pegged 1:1 to the Korean won and use smart contracts to design a programmable stablecoin. As part of the collaboration, Travel Wallet and Avalanche plan to build a stablecoin-based next-generation financial payment infrastructure that can be applied in all areas for both consumers and businesses. This infrastructure can be used in areas such as integrated online and offline payments, B2B settlements for corporate customers, and financial automation solutions at home and abroad. Travel Wallet CEO Kim Hyung-woo said: âThis project is an attempt to reimagine the way finance works with technology, beyond digital payments. It has great potential to expand into a global payments infrastructure and domestically in the future.âBased on technological reliability and regulatory compliance, we will build a stable stablecoin ecosystem that can be used both domestically and internationally.â As is known, the new president of South Korea, Lee Jae-myung, promised during his election campaign that the issuance, stock exchange listing and trading of spot ETFs based on crypto assets such as Bitcoin would be allowed. At this point, South Korean authorities will work to fulfill newly elected President Lee Jae-myungâs cryptocurrency promises. The Financial Services Commission (FSC) aims to prepare a plan for spot ETF promotion in the second half of the year and complete the regulatory system related to stablecoins in the same period. #AVAX #Avalanche
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âïž Donald Trump is considering the issue of deporting Elon Musk from the USA. đŽ He also hints that the DOGE department should investigate Elon Musk's companies. Tesla stocks are down by -5%. #DonaldTrump #ElonMusk
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đ TOP-10 crypto projects in the fields of AI and Big Data by developer activity: 1. Internet Computer #ICP 2. NEAR Protocol #NEAR 3. Filecoin FIL 4. Injective #INJ 5. The Graph GRT 6. Oasis Network ROSE 7. iExec RLC RLC 8. Livepeer LPT 9. Bittensor TAO 10. Flux FLUX #Crypto #AI
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