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The post DeFi Dev Corp Acquires Additional 47.2k Solana: What Next for SOL Price? appeared first on Coinpedia Fintech News DeFi Development Corp. (NASDAQ: DFDV), a company focused on building a Solana treasury strategy, has announced an additional acquisition of SOL. The U.S.-based company acquired an additional 47,272 SOL coins for about $7.03 million. As a result, DeFi Development Corp now holds a total of 690,420 SOL coins, currently worth around $102.7 million. The company increased its SOL holdings by more than 64 percent in the past two months, which will be staked to ensure a steady yield income.  2/ Key Metrics as of July 8, 2025 690,420 $SOL & $SOL Equivalents $102.7M in value 17,402,299 shares outstanding 0.0397 SOL per share (SPS) SPS value: $5.90 Note: shares outstanding is as of June 30, 2025.— DeFi Dev Corp. (@defidevcorp) July 8, 2025 Solana Network Gains More Institutional Investors’ Support  The Solana network has attracted more crypto investors in the recent past, led by institutional investors. As Coinpedia has highlighted, the U.S. SEC has increased engagement with the fund managers seeking to offer spot Solana ETFs, thus signaling potential approval ahead.  As a result of the rising demand from retail and institutional investors, on-chain data analysis shows that the Solana network has recorded more than 14.63 million active addresses in the past 24 hours. What’s Next for SOL Price? Solana price has established a robust support level in the past year around $125. Although the SOL price in the weekly timeframe has been forming a potential reversal pattern, the shorter timeframe suggests potential bullish sentiment. $147.59 is one of the most important support levels for Solana $SOL! pic.twitter.com/5q0lcpHwrj— Ali (@ali_charts) July 8, 2025 According to crypto analyst Ali Martinez, SOL price must hold above the support level around $149 to invalidate possible capitulation in the near term. In the four-hour timeframe, the SOL price has been forming a symmetrical triangular pattern after breaking out of a falling logarithmic trend. A consistent rally above the resistance level around $157 will trigger a fresh bullish rally towards the next major liquidity level around $200.

The Dogecoin price has dipped to $0.1698 today, with the meme token’s fall coming as the cryptocurrency market loses 3% in the past 24 hours. DOGE remains up by 5% in the past week, and while it’s down by 6.5% in the last 30 days, it holds on to a decent 56% gain in the past year. The meme token has also received a boost in the past couple of days, with six-time NBA Champion Scottie Pippen name-dropping Dogecoin in a “watch list” of altcoins. While an endorsement from a NBA legend such as Pippen may initially seem like a big deal for Dogecoin, Pippen has mixed credibility within the cryptocurrency market, given some of his bizarre actions and statements in recent months. Still, Dogecoin remains a popular meme token, and even if it has been moving slowly this year, its long-term price prediction remains positive. Posting via his X account, former Chicago Bull Scottie Pippen confirmed that Bitcoin is his “#1”, but that he’s building a watch list. As you can see below, the list currently includes Ethereum, Solana, XRP, BNB, Cardano, Dogecoin, Shiba Inu, Chainlink, and Cronos, as well as Pippen’s own crypto, BALL. Bitcoin is my #1 but I'm building my watch list. What coins are you watching? I got my picks…$ETH $SOL $BNB $XRP$Ball aka @Game5Ball$ADA $DOGE $SHIB $LINK $CRO What else you got? Drop your crypto picks.— Scottie Pippen (@ScottiePippen) July 6, 2025 The tweet currently has 1,700 likes, but while it does seem to have caused a stir, it hasn’t boosted the Dogecoin price today. This is mostly because the market remains in an uncertain mood, given ongoing concerns regarding US tariffs, yet it’s also because Pippen himself is not an entirely credible figure. Not only has he launched his own Game 5 Ball NFT in recent months, but he has also produced a number of strange pronouncements, including the claim that he met Satoshi Nakamoto in 1993. This means that his ability to attract new converts from the general public is probably minimal. And his lack of impact is apparent in Dogecoin’s price chart today, which remains in a weakened position. Source: TradingView However, it does seem as though DOGE could be close to making a recovery, given that a bullish pennant has formed on its chart. Its RSI (yellow) and MACD (orange, blue) have also begun rising, after more than a month in an oversold position. As such, it may not be long before the Dogecoin price enters a renewed period of growth, with the meme token potentially topping $0.20 by the middle of August. It may begin targeting the much-coveted $1 price point in the longer term. TOKEN6900 Raises $240,000 in Presale: Could This Be the Next Meme Token to 1000x? For traders worried that Dogecoin’s best days may be behind it, there are newer meme tokens that are showing stronger potential right now. One of these is TOKEN6900 (T6900), an ERC-20 cryptocurrency that launched its presale last week. Hey Siri, define aura pic.twitter.com/NVYT1pZmed— Token6900 (@Token_6900) July 8, 2025 It has already raised $245,000, a sign of its growing popularity, and of how successful it could be once it launches. What’s novel about TOKEN6900 is that it’s distinguishing itself from meme coins that are trying to give themselves more utility (e.g. Shiba Inu), with the new project making it clear that it has no utility and rests on hype, marketing and FOMO alone. As its declares on its website, “It’s Not Built On Fundamentals. It’s Built On Delusion, Irony, And The Collective Hallucination Of Terminally Online Traders.” It’s comparing itself with SPX6900, which has also adopted the memes and stylings of the dot-com bubble of the late 90s. It has a max supply of 930,993,091 T6900, which is precisely one more token than SPX6900 had at the time TOKEN6900’s presale opened. The project is hoping that this kind of one-upmanship will gain it followers, and judging by the early growth of its presale, the strategy is beginning to work. And while T6900 has no fundamentals whatsoever, holders will be able to stake it, earning themselves an income on top of whatever returns the token brings. Investors can buy it now by going to the TOKEN6900 website, where $T6900 costs $0.0065. This price will rise in just under two days, so traders wanting the lowest possible price should act quickly. The post Dogecoin Price Prediction: Millionaire Scottie Pippen Eyes DOGE in His Top Picks – Is This the Catalyst Meme Traders Needed? appeared first on Cryptonews.

Truth Social, the social media platform owned by US President Donald Trump through Trump Media & Technology Group (TMTG), has further intensified its crypto investment drive. On Tuesday, July 8, the company filed a Form S-1 with the US Securities and Exchange Commission (SEC) for a Truth Social Crypto Blue Chip ETF. Trump’s Truth Social S-1 Filing for Crypto Blue Chip ETF | Source: SEC.Gov Sponsored by Yorkville America Digital LLC, the ETF will track the performance of five major digital assets, Bitcoin BTC $108 323 24h volatility: 0.4% Market cap: $2.15 T Vol. 24h: $26.26 B , Ethereum ETH $2 559 24h volatility: 0.3% Market cap: $308.90 B Vol. 24h: $16.38 B , XRP $2.26 24h volatility: 0.2% Market cap: $133.78 B Vol. 24h: $4.52 B , Solana SOL $149.3 24h volatility: 1.2% Market cap: $79.99 B Vol. 24h: $4.32 B , and Cronos CRO $0.0807 24h volatility: 0.3% Market cap: $2.51 B Vol. 24h: $12.19 M , with an initial allocation of 70%, 15%, 8%, 5%, and 2% respectively. If approved, the fund will trade on NYSE Arca, issuing shares in creation units of 10,000. Only cash-based creations and redemptions will be allowed at launch, with in-kind transactions to be considered pending future regulatory clearance. Truth Social Lists Crypto.com, CME, and CF Benchmarks as Custodian Providers Foris DAX Inc., a US affiliate of Crypto.com, is listed as both the custodian and liquidity provider for the ETF. CF Benchmarks, a leading crypto index provider, will offer real-time pricing through its CME-based benchmark indices. In addition to the Blue Chip ETF, Truth Media and Yorkville are seeking SEC approval for two more products: the Truth Social Bitcoin ETF and the Truth Social Bitcoin & Ethereum ETF, which will offer more concentrated exposure to BTC and ETH respectively. Trump’s Influence Could Spark Demand for Best Wallet Presale Increased mainstream awareness from Trump’s Truth Social filing for multiple crypto ETFs, could drive demand for self-custody tools like Best Wallet. Now in presale at $0.025295, the $BEST token unlocks reduced fees, early access to launches, higher staking rewards, and governance rights. With over $13.7M raised, click here to join the presale before the next price increasenext The post Trump’s Truth Social Files for Crypto Blue Chip ETF Featuring BTC, ETH, XRP, SOL, CRO appeared first on Coinspeaker.

Volkswagen ADMT, the automaker’s autonomous-driving subsidiary, will source real-time street-level data from Bee Maps, a spatial intelligence service that runs on Hivemapper’s Solana-based mapping network. According to Hivemapper CEO Ariel Seidman, the partnership “shifts mapping from static to living,” and that robotaxi fleets require data “that evolves as fast as the streets do.” Bee Maps aggregates imagery from drivers who install proprietary “Bee” dashcams and upload footage that machine-learning models translate into lane markings, signage, and temporary work zones.  Participants earn HONEY tokens for each validated segment, giving Hivemapper what it calls “the world’s freshest map data.” Hivemapper, which records contributions on the Solana blockchain, says its network now covers a double-digit share of global roads and updates more frequently than traditional fleet-car surveys. Bee Maps sells the resulting data through APIs that feed routing, localization, and curb-management engines used by logistics firms and, now, robotaxi developers. The companies did not disclose financial terms, but Bee Maps’ product literature indicates that it typically charges consumption-based fees rather than long-term licenses. Live updates required Volkswagen ADMT operates about 30 ID.Buzz autonomous electric minivans on Hamburg streets and will add “thousands” of units in Los Angeles under an agreement with Uber that targets fully driverless service by late 2026. Each vehicle relies on a sensor array comprising 13 cameras and nine lidars that generate approximately five gigabytes of data per second. However, it still requires external maps to localize in adverse conditions such as rain, glare, or construction. Bee Maps will stream refreshed road features into ADMT’s perception stack, allowing test engineers to validate maneuvers such as curb-aligned pickups and last-meter drop-offs without dispatching manual survey cars. DePIN momentum The agreement extends a trend of decentralized physical infrastructure networks, or DePINs, supplying data to legacy industries.  Earlier this year, Lyft began piloting Hivemapper feeds for ride-hail drop zones, and logistics firms use the API to flag height restrictions and new speed limits. For Volkswagen, crowdsourced updates could shorten the cycle between on-road edge cases and software releases as it scales the ID.Buzz robotaxi program across Europe and North America. No regulatory approvals are required because the data transfer occurs off-board, the person added. The post Volkswagen ADMT chooses Solana-based Hivemapper to power Robotaxi test fleet appeared first on CryptoSlate.

Key Insights: Truth Social filed an S-1 for a crypto ETF with assets primarily in BTC, ETH, SOL, XRP, and CRO as of July 8, 2025. The ETF’s initial allocation is 70% Bitcoin, 15% Ether, 8% Solana, 5% Cronos, and 2% XRP. Yorkville America Digital is the sponsor and Foris DAX Trust Company serves as the digital asset custodian. Donald Trump’s Truth Social platform has officially joined the digital asset investment market. In a new S-1 registration with the U.S. SEC, it has described its intention to launch a crypto-based exchange-traded fund (ETF) focused on the five leading blockchain-related assets. Truth Social’s S-1 Filing Confirms Core Assets of New Crypto ETF Truth Social, a subsidiary of Trump Media & Technology Group, made a registration statement with the Securities and Exchange Commission on July 8, 2025. The document is to initiate a new product known as the Truth Social Crypto Blue Chip ETF. Truth Social Crypto ETF S-1 Filing Source: U.S. SEC Notably, the filing with the SEC confirmed the ETF will consist primarily of Bitcoin (BTC), Ethereum (ETH), Solana (SOL), Ripple (XRP), and Cronos (CRO). These digital assets were described as the “Portfolio Assets” in the preliminary prospectus. Additionally, it aims to offer passive access to crypto markets by tracking the performance of the assets that the trust holds. The ETF shares will be listed and traded on the New York Stock Exchange Arca. Here, both retail and institutional investors will have access to, but not necessarily ownership of, the major cryptocurrencies. Initial Allocation Places Bitcoin at 70% More so, the preliminary prospectus included the intended initial allocation for the ETF. According to the filing, the fund will be composed of 70% Bitcoin, 15% Ethereum, 8% Solana, 5% Cronos, and 2% XRP by value. Furthermore, any change in the allocation would necessitate a change in the Trust Agreement and additional filing in the supplementary prospectus. The crypto ETF was categorized as a passive investment instrument. This implies that it will not actively manage or trade the underlying crypto assets but will hold the portfolio under the predetermined allocation. Moreover, the filing noted that the Trust will update shareholders on changes via prospectus supplements. These updates will be under the Securities Exchange Act of 1934. Yorkville and Foris DAX Assigned Key Roles Yorkville America Digital, LLC was named as the sponsor of the ETF. The company was tasked with managing administrative responsibilities for the trust and coordinating filings with the SEC. Yorkville has previously collaborated with Truth Social in related ETF applications, including a spot Bitcoin ETF and a joint Bitcoin-Ethereum product. Foris DAX Trust Company, LLC will serve as the digital asset custodian. It shall be responsible in overseeing the custody of the assets in the portfolio that it holds on behalf of the trust. In the filing, it was indicated that Foris DAX has an obligation to provide custody in accordance with SEC regulations and digital asset standards. Additionally, the custodian is associated with the Crypto.com ecosystem, which may help streamline asset management processes for CRO holdings. However, the Trust is not listed with the Investment Company Act of 1940. Rather, it is a commodity pool, not a securities investment company. Neither is it regulated by the Commodity Futures Trading Commission (CFTC), since its structure and practices revolve around possession of spot crypto assets. Previous Filings and Industry Context Meanwhile, the July 8 filing was a continuation of the larger plan of Truth Social and its partners to diversify their ETF offerings. In June, the platform filed applications independently seeking a place in a pool ETF of Bitcoin and Ethereum. All of these filings are sponsored by Yorkville America Digital and represent an approach to exposing blockchain through regulated investment vehicles. Besides, this most recent filing came after a binding contract was signed this year between Trump Media, Crypto.com, and Yorkville America Digital. The agreement was to develop a series of crypto-related ETFs in partnership. According to the reports, these products will be branded as “Made in America” and will be directed to both institutional and retail markets. The crypto ETF landscape has seen increased activity in recent months, with companies such as Bitwise, Grayscale, Franklin Templeton, and REX Shares also seeking SEC approval for crypto ETFs. Proposed products include exposure to assets like Solana, XRP, Dogecoin, Avalanche, Litecoin, and Hedera. The post Truth Social Launches Crypto ETF Backed by Bitcoin, ETH, Solana, XRP, Cronos appeared first on The Coin Republic.