Solana Treasury Strategy: Firms Buying SOL Should Trade at Premium, Says Cantor

The broker has a $45 price target for DeFi Development, a C$54 objective for Sol Strategies, and a $16 price target for Upexi. 💸

The broker has a $45 price target for DeFi Development, a C$54 objective for Sol Strategies, and a $16 price target for Upexi. 💸

According to the ever-reliable Financial Times, which seems to have a nose for such matters, Tron is set to embark on a reverse merger with none other than SRM Entertainment. This fine establishment is managed by the New York-based boutique investment bank Dominari Securities, a name that rolls off the tongue like a fine wine, and has connections to the Trump dynasty—yes, the very same Donald Jr. and Eric! 🍷
As part of this grand agreement, Bitget has become a member of the UNICEF Game Changers Coalition (GCC), an ambitious initiative led by the UNICEF Office of Innovation. This partnership, as grand as it is noble, aims to reach 300,000 people—adolescent girls, parents, teachers, and mentors—in eight countries, including Armenia, Brazil, Cambodia, India, Kazakhstan, Malaysia, Morocco, and South Africa. The Coalition, with Bitget’s generous support, plans to expand into a ninth country, a testament to the far-reaching impact of this collaboration. 🌍🤝
Now, Zkasino, a project that promised to revolutionize online gambling, managed to rake in over $33 million during its presale. But instead of delivering on their grandiose promises, the Zkasino team apparently decided to treat themselves to a little shopping spree with the investors’ money. Who knew gambling could be so… ironic? 🎰
Prepare to say goodbye to these cross margin pairs: MOVE/BTC, ONE/BTC, RUNE/FDUSD, TFUEL/BTC, TNSR/FDUSD, USUAL/FDUSD. It’s like a digital farewell party, but without the cake. 🎂

However, behind the scenes, things are starting to shift. In a recent interview, Charles Hoskinson confirmed Cardano’s new treasury strategy.

If you think your shopping sprees are big, let me introduce you to Strategy and Metaplanet. These guys bought 11,212 BTC in 24 hours. I guess inflation doesn’t bother you much when you’re made of pure gold—or crypto.

The week of June 9 to June 13 concluded with a flourish, as bitcoin ETF investors, with the precision of a Swiss watchmaker, added $301.62 million to the coffers, a testament to the renewed institutional confidence in the digital sovereign. 🕰️

At one point, it found its zen at $2.174, then decided to show the $2.300 resistance level who’s boss, with some seriously impressive trading volume backing it up.

Now, that’s a mighty leap from the near 4 million transactions a day we saw earlier this year, according to Nansen data. It’s like watching a tortoise turn into a hare overnight!