Sharps Technology Partners With BONK on Solana Staking Strategy
Sharps Technology Inc. (NASDAQ: STSS), a medical device company that holds a significant Solana-based digital asset treasury, said Tuesday it has entered a partnership with BONK, a community-driven platform within the Solana ecosystem. The agreement involves deploying part of the company’s Solana (SOL) holdings into BonkSOL, BONK’s liquid staking token. Sharps said the move is designed to generate staking yields and strengthen ties with key players in the Solana network. The company recently added more than 2 million SOL, valued at over $400 million at current market prices, to its treasury following a private investment in public equity transaction led by Cantor Fitzgerald & Co. Sharps Technology to Deploy Treasury Through BonkSOL As part of the initiative, Sharps will stake an undisclosed portion of its SOL holdings in BonkSOL. Liquid staking tokens allow holders to earn staking rewards while retaining liquidity for use across decentralised finance applications. The decision comes as Sharps continues to position its treasury within the Solana ecosystem. James Zhang, strategic advisor to the company, said the partnership aligns with its effort to participate in the network’s growth while seeking returns for shareholders. BONK, launched as a community project on Solana, has developed a range of products and integrations aimed at boosting activity on the blockchain. Its liquid staking product, BonkSOL, has attracted nearly 200,000 SOL since launch, according to the platform. BONK’s Role in the Solana Ecosystem BONK has more than 400 integrations across decentralised applications and protocols. Its products include BONKBot, a trading tool that has processed over $14 billion in lifetime trading volume, and Bonk.fun, which has generated $28 million in revenue this quarter. Nom, a core contributor at BONK, said Sharps’ engagement with BonkSOL represents a step toward expanding the platform’s reach in institutional markets. Sharps’ collaboration with BONK comes amid rising adoption of Solana-based financial products and increasing institutional interest in blockchain-native staking solutions. By committing treasury assets to BonkSOL, the company becomes one of the larger corporate participants in Solana’s liquid staking market.
SOL Strategies to List Shares on Nasdaq September 9
SOL Strategies Inc., a Canadian company focused on the Solana blockchain, announced on September 5 that it has received approval to list its common shares on the Nasdaq Global Select Market. Trading is scheduled to begin Sept. 9 under the ticker symbol STKE. The shares will continue to trade on the Canadian Securities Exchange under the symbol HODL but will be delisted from the OTCQB Venture Market, where they currently trade as CYFRF. Shares held on the OTCQB will automatically transition to Nasdaq without action from shareholders. Transition to U.S. Exchange The move marks the company’s shift from an over-the-counter listing to a major U.S. exchange, a step that often brings increased visibility among institutional investors. SOL Strategies said the listing is still subject to meeting all Nasdaq and regulatory requirements, including the effectiveness of a Form 40-F registration with the U.S. Securities and Exchange Commission. Chief Executive Leah Wald said the Nasdaq listing is intended to broaden the company’s investor base and provide greater liquidity for existing shareholders. “This milestone positions us to attract institutional investors who recognise the potential of Solana’s infrastructure,” Wald said in a statement. Solana-Focused Operations Formerly known as Cypherpunk Holdings, SOL Strategies invests in and develops infrastructure supporting the Solana blockchain, including validator operations. The company said it expects the Nasdaq listing to help scale its validator growth, expand institutional partnerships, and strengthen its role as a gateway for investors seeking exposure to the Solana ecosystem. The firm also noted that demand for Solana staking continues to increase, and access to U.S. capital markets could accelerate operational expansion. SOL Strategies highlighted its focus on regulated and transparent markets as a key part of its approach. Shareholder Impact For shareholders, the most immediate change is the shift in trading venue. Current OTCQB shareholders will see their holdings automatically converted to the Nasdaq listing, with no action required. The company said maintaining its CSE listing ensures continued accessibility for Canadian investors. SOL Strategies’ Nasdaq debut underscores a growing trend of blockchain-focused firms seeking listings on larger U.S. exchanges to expand access to deeper pools of capital. The company’s decision comes amid heightened attention on Solana, a blockchain known for its high transaction speeds and growing developer community. The listing is expected to take effect at market open on Sept. 9, pending final regulatory approvals.
Fosun Wealth to Issue Tokenised Shares, Bonds on Blockchain
Fosun Wealth Holdings announced on September 2 that it will issue tokenised shares and corporate bonds through Vaulta’s blockchain infrastructure, expanding efforts to move traditional financial assets into digital markets. The launch includes Solana as part of the technology stack for issuance and settlement. The first listed product, a tokenised version of Sisram Medical Ltd. (1696.HK), is already live and accessible to investors globally. The company said the asset, valued at $328 million, is the first Hong Kong-listed stock to be offered in a blockchain-linked token format across multiple chains, including Vaulta, Solana, Ethereum and Sonic. Sisram Medical Debuts as First Asset Sisram Medical, a beauty and wellness firm headquartered in Israel, became the first asset to be tokenised under the new program. The company, listed on the Main Board of the Hong Kong Stock Exchange, offers a range of aesthetic medical products such as energy-based devices and injectable treatments. By linking the stock’s performance to blockchain-based tokens, Fosun aims to give investors continuous access outside of traditional market hours. The company said the multichain deployment is intended to broaden availability and improve settlement speed. Expanding Plans for Tokenisation Fosun Wealth Holdings said more equity and bond instruments are expected to follow, as the group continues its strategy to apply blockchain technology to capital markets. Officials said tokenisation could allow for faster settlement, lower operational costs and greater participation by investors who may not have access to Hong Kong-listed securities through conventional means. A Fosun spokesperson said the initiative reflects an effort to align the group’s listed companies with emerging financial technology practices. “Through Vaulta and Solana, we can expand access to our portfolio, offering investors new levels of transparency, efficiency, and inclusivity,” the spokesperson said. Vaulta’s Role in Infrastructure Vaulta, a blockchain platform that provides settlement and issuance infrastructure for real-world assets, is working with Fosun to support the transition. Yves La Rose, founder and chief executive of the Vaulta Foundation, said the project highlights a broader shift of traditional stocks and bonds onto blockchain networks to take advantage of continuous trading and more efficient clearing systems. The collaboration underscores a growing push by financial institutions in Asia to explore tokenisation as a way of modernising market infrastructure. By linking conventional assets such as equities and bonds to blockchain, firms aim to bridge regulated finance with digital platforms while meeting global investor demand for more accessible trading models.
Classover Secures Up to $500M in Convertible Notes to Back Solana Treasury Strategy
Classover Holdings Inc., a New York-based edtech firm, has entered into a securities purchase agreement with Solana Growth Ventures LLC to raise $500 million through senior secured convertible notes, the company announced Monday. The funding will support its ongoing strategy to build a treasury reserve based on the Solana (SOL) blockchain. An initial tranche of $11 million is expected to close upon satisfaction of standard conditions. Under the agreement, Classover may allocate up to 80% of the net proceeds toward acquiring SOL tokens, aligning with its earlier move to integrate crypto assets into its balance sheet. Funding Terms and Financial Pressures The notes may be converted into Classover’s Class B common stock at a price set at 200% of the closing price prior to the funding date. The agreement also includes adjustment provisions based on future valuations. According to public filings and data from InvestingPro, the company currently operates with moderate debt but is constrained by a short-term liquidity ratio of just 0.02. In April, Classover began its SOL accumulation by purchasing 6,472 tokens for roughly $1.05 million. The firm is also considering acquiring locked token blocks at discounted rates as part of its strategy. The convertible note financing adds to a previously announced $400 million equity purchase agreement, potentially giving the company access to $900 million in total funding for its digital asset reserve plan. Challenges Facing Edtech Firm Founded in 2020, Classover offers live online educational content for K-12 students and is positioning AI-driven tools at the core of its offerings. However, the company faces operational and financial headwinds. InvestingPro data shows a 102% year-over-year revenue decline and a Financial Health Score categorized as “weak.” Classover CEO Ms. Luo said in a statement that the financing marks a significant step toward its digital asset-focused treasury initiative. The company has retained Chardan as its financial advisor and sole placement agent for the offering. Further information on the agreement and convertible note terms will be detailed in a Form 8-K filing with the U.S. Securities and Exchange Commission. Outlook and Risk Disclosure The company cautioned that the agreement contains forward-looking statements subject to risk and uncertainty. Actual results may differ due to a variety of factors, including regulatory shifts, market volatility, and the acceptance of SOL as a treasury asset.
Wormhole Integrates DOGE on Solana via New Cross-Chain Framework
On May 23, Wormhole announced it had integrated Dogecoin (DOGE) into the Solana blockchain, enabling the popular cryptocurrency to operate natively on the high-throughput network. The move utilizes Wormhole’s Native Token Transfers (NTT) protocol, a framework that allows cross-chain token functionality and includes support from cryptographic technologies developed by Psy and RISC Zero. The integration marks the first time DOGE, a digital asset with a market capitalization of approximately $34 billion, will be accessible as a native token on Solana. It is the latest expansion for Wormhole, an interoperability platform aimed at linking traditional financial systems with digital asset networks. Cross-Chain Bridge for Major Token The DOGE-to-Solana bridge leverages zero-knowledge proofs to verify token transfers securely without revealing transaction data. According to Wormhole, the framework allows DOGE holders from other blockchains to access decentralized applications (dApps) within Solana’s ecosystem while preserving control over their assets. Robinson Burkey, co-founder of the Wormhole Foundation, said the integration is part of a broader effort to create infrastructure for a multichain financial system. “This enables DOGE to interact with Solana-native platforms in a secure and scalable way,” he said. Solana, which has recently experienced a surge in retail and institutional activity, continues to attract capital and user volume. Wormhole noted it has facilitated over $11.5 billion in value transfers into Solana since launch, more than any other interoperability solution to date. Expansion Reflects Institutional and Retail Demand The DOGE implementation arrives amid rising demand for access to large-cap digital assets across various blockchain environments. With the integration, DOGE holders can utilize Solana-based decentralized finance (DeFi) applications, payments, and other token-related services previously unavailable on its original network. Wormhole’s NTT framework will maintain token ownership and contract functionality across chains, supporting a wide range of asset types, including stablecoins and real-world assets (RWAs). Its architecture allows assets to be recognized as native on multiple chains, rather than as synthetic or wrapped versions. The foundation did not specify a timeline for when DOGE will be fully operational across Solana dApps but indicated that developers can begin implementing the functionality immediately. The announcement reinforces Wormhole’s positioning as a key infrastructure provider in blockchain interoperability, particularly as multichain usage becomes increasingly relevant in both crypto-native and traditional financial applications.
VanEck Forecasts Record Highs for Bitcoin, Ethereum, and Solana in 2025
Investment management firm VanEck has forecasted that Bitcoin, Ethereum, and Solana could hit record-breaking price levels by 2025. The firm’s predictions, outlined in a recent report, highlight growing institutional interest, technological advancements, and macroeconomic factors as primary drivers of this anticipated growth. VanEck projects Bitcoin could reach $180,000, Ethereum $6,000, and Solana $600, underscoring their confidence in the resilience of digital assets despite recent market turbulence. The report emerged as part of VanEck’s ongoing analysis of the cryptocurrency market and its potential evolution in the coming years. “At the cycle’s apex, we project Bitcoin (BTC) to be valued at around $180,000, with Ethereum (ETH) trading above $6,000. Other prominent projects, such as Solana (SOL) and Sui (SUI), could exceed $500 and $10, respectively,” the report stated. Institutional Adoption and Technological Innovation According to VanEck, institutional adoption remains a central factor in the projected growth of leading cryptocurrencies. The firm cited increasing regulatory clarity, the rise of spot Bitcoin exchange-traded funds (ETFs), and growing interest from financial institutions as catalysts for Bitcoin’s potential surge in 2025. Ethereum’s over $6,000 projection will hinge on its evolving Layer-2 ecosystem and its continued upgrades, especially blob space. Solana’s predicted rise to $600 reflects its potential to attract developers and users with its high-speed blockchain technology and expanding ecosystem, positioning it as a strong competitor in the Decentralized Finance (DeFi) and Non-Fungible-Tokens ecosystem. VanEck Calls for Cautious Optimism While VanEck remains optimistic about the long-term prospects of Bitcoin, Ethereum, and Solana, the firm emphasized that their predictions are not guarantees. Market volatility, regulatory developments, and unforeseen technological hurdles could impact the trajectory of these digital assets. In the publicized document, the investment firm warns that during the summer months, the crypto space would witness a 30% drop in momentum. It added that after the retracement, the market will significantly bounce back. This forecast provides valuable insight for investors and stakeholders as they navigate the evolving cryptocurrency landscape. However, VanEck advises caution, urging market participants to remain informed and consider the inherent risks associated with digital asset investments.
Bitwise Predicts $200K Bitcoin, $7K Ethereum, and $750 Solana by 2025
Cryptocurrency asset manager Bitwise has released a report forecasting Bitcoin reaching $200,000, Ethereum climbing to $7,000, and Solana surging to $750 by 2025. The projections, unveiled on Tuesday, are attributed to growing institutional adoption and advancements in blockchain technology. According to the report, the predictions mirrored macroeconomic trends, increased regulatory clarity, and ongoing innovation in decentralized finance (DeFi). Notedly, the report authors, Ryan Rasmussen, the Research Head, and Matt Hougan, the Chief Investment Officer (CIO), spotlighted several potential price-driving factors peculiar to each token. ETFs Will be Crucial in Crypto Assets Price Surge in 2025 Bitwise report highlighted that institutional investors continue to show growing interest in digital assets despite ongoing market volatility. For Bitcoin, the publicized document noted its ETF entities would attract more investors, resulting in supply shock. Like Bitcoin, Ethereum also has its ETFs. However, the entities seemed least profitable this year. The research conductors remained confident about the ETH ETFs’ reward potential next year. On its part, Solana’s meme ecosystem contributed significantly to its impressive run this year. Volatility Remains a Challenge Despite the optimistic outlook, the crypto market remains highly volatile and influenced by macroeconomic factors such as inflation and global monetary policy. The report advised investors to approach the market cautiously and emphasized the importance of diversification. Nevertheless, cryptocurrency prices have been on a rollercoaster in recent weeks, with Bitcoin trading around $100,000 at the time of the report, Ethereum at $3,830, and Solana at $229.42. While these predictions are bold, Bitwise stressed that they are not guarantees but rather scenarios based on market trends and analysis. Conclusion Bitwise’s projections arrive at a critical juncture as the cryptocurrency market seeks to recover from a turbulent year. The report underscores the duality of promise and risk in the sector, with 2025 positioned as a potential turning point for digital assets. The predictions are likely to spark debate among market analysts, with some questioning their feasibility given the challenges faced by the cryptocurrency sector. Still, Bitwise remains confident in the transformative potential of blockchain technology and its capacity to drive market growth in the coming years
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