The addition of SOL comes amid growing institutional interest in the Solana network, as the community positions it as the hub of internet capital markets. Fidelity, a financial services company, has added Solana trading to its platform, making the network’s native token available to both institutional and retail clients. Solana (SOL) is now available to buy, sell, and trade on Fidelity Crypto, Fidelity Crypto for IRAs, Fidelity Crypto for Wealth Managers, and Fidelity Digital Assets’ platform for institutional investors, a spokesperson confirmed to Cointelegraph on Thursday. The spokesperson added: The added support for SOL signals that cryptocurrencies are maturing as an asset class, further reducing the gap between legacy and digital finance. Read more
Aave Labs’ latest deal follows a string of institutional initiatives, including its Maple Finance integration and Horizon RWA marketplace. San Francisco–based Stable Finance has been acquired by Aave Labs, the developer behind the Aave lending ecosystem, as the firm expands into consumer-facing onchain services. Founded in 2023, Stable Finance’s mobile app allows users to deposit funds from bank accounts, cards, or crypto wallets to earn yield on stablecoins through overcollateralized decentralized markets. The deal, announced Thursday, also brings Stable Finance’s founder Mario Baxter Cabrera and his engineering team into Aave Labs. Financial terms of the acquisition were not disclosed. Read more
As Treasury yields sink, Spark’s $100 million move into Superstate’s regulated crypto carry fund signals DeFi’s pivot toward uncorrelated yield sources. Decentralized finance (DeFi) lending protocol Spark has rotated a portion of its treasury reserves from US government bonds into crypto-native yield strategies, signaling new approaches to onchain yield generation as Treasury returns continue to compress. On Thursday, Spark said it allocated $100 million of its stablecoin reserves to Superstate’s Crypto Carry Fund (USCC), a regulated basis-trading fund that generates yield from price differentials between spot and futures markets across major digital assets. The fund allows DeFi protocols to earn market-neutral yield from the same derivatives markets traditionally used by hedge funds. According to Superstate’s website, USCC manages about $528 million in assets and currently produces a 30-day yield of 9.26%. Read more
Ether's mega whales are quietly buying the dips, absorbing supply from smaller holders during the price drop. Key takeaways: Ethereum’s triple bottom pattern near $3,750–$3,800 hints at a potential 10% rebound in October. Mega whales (10,000–100,000 ETH) are quietly accumulating, absorbing supply from smaller holders during the recent price decline. Read more