$500M Solana Bet Sparks Institutional Crypto Staking Surge

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• Cryptocurrencies: 14.24M

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• Market Cap: $2.88T –2.42%

• 24h Volume: $103.75B –22.85%

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1. TRUMP/USDC – $11.61 (+24.22%)

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5. TROLL/SOL – $0.01782 (+21.57%)

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• Total DeFi Volume: $7.2B

• Stablecoins Volume: $96.36B

• Coin with Highest % Change: MEMEFI (+92.38%)

📈 Preview On Today’s News:

1. - $500M Solana Bet Sparks Institutional Crypto Staking Surge

2. - Crypto Crossroads: New SEC Chair Charts Bold Course for Digital Asset Oversight

3. - Regulatory Retreat: Alabama Abandons Coinbase Lawsuit Amid Crypto Policy Shift

Keep reading below for more!

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Today’s News:

1)

$500M Solana Bet Sparks Institutional Crypto Staking Surge

SOL Strategies has unveiled a landmark $500 million agreement with ATW Partners to expand its holdings of Solana (SOL) tokens, marking the largest financing facility in the blockchain’s history. The capital will be exclusively used to purchase SOL, which will then be staked on validators operated by SOL Strategies, with the staking yield shared between the two firms. This move positions SOL Strategies as a leading institutional player in Solana’s development, introducing a scalable, yield-generating structure never before seen in the ecosystem. CEO Leah Wald emphasized their long-term commitment to Solana, highlighting the deal's innovation and potential for expansion.

• SOL Strategies secured a record-setting $500M deal with ATW Partners, dedicated solely to acquiring and staking Solana tokens.

• The initiative introduces a scalable, yield-sharing model and solidifies SOL Strategies’ leadership in institutional staking within the Solana ecosystem.

2)

Crypto Crossroads: New SEC Chair Charts Bold Course for Digital Asset Oversight

Newly appointed SEC Chairman Paul Atkins will speak at the agency’s upcoming crypto roundtable on April 25, marking a significant pivot in regulatory tone. As a long-time crypto advocate, Atkins is leading a major policy shift away from former chair Gary Gensler’s enforcement-heavy approach. The roundtable, hosted by the SEC’s Crypto Task Force, will center on digital asset regulation, particularly custody concerns. Atkins has pledged a rational and principled regulatory framework for cryptocurrencies, reinforcing the agency’s emerging pro-industry stance under the Trump administration.

• SEC Chairman Paul Atkins will address digital asset custody and regulatory reform at the April 25 crypto roundtable, signaling a strategic shift in SEC policy.

• His appointment marks a clear move toward pro-crypto policies, departing from the previous administration's enforcement-driven approach.

3)

Regulatory Retreat: Alabama Abandons Coinbase Lawsuit Amid Crypto Policy Shift

In a notable shift in the U.S. crypto regulatory landscape, Alabama has officially dropped its enforcement action against Coinbase, marking the fifth state to do so in just two months. This move reduces the number of active state-level lawsuits over Coinbase’s staking services to five, signaling a potential thaw in the previously aggressive stance toward crypto enforcement. Coinbase’s Chief Legal Officer Paul Grewal announced the update, urging the remaining states to follow suit and calling on Congress to enact clear, federal crypto regulations. The decision reflects a broader national trend under the 2025 U.S. administration toward a more crypto-friendly environment.

• Alabama becomes the fifth state to drop its lawsuit against Coinbase’s staking services, leaving only five ongoing cases nationwide.

• Coinbase’s legal chief highlights the need for federal crypto regulation as state-level hostility toward the industry appears to wane in 2025.

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