The investment deepens a16z’s exposure to Solana’s liquid staking ecosystem as US regulators begin clarifying how such products fit into securities law. A16z Crypto, the blockchain investment arm of venture capital firm Andreessen Horowitz, has invested $50 million in Jito, a liquid staking protocol that underpins the Solana network. The deal will grant a16z an undisclosed allotment of Jito’s native tokens at a discounted rate, according to a Fortune report Thursday. Brian Smith, executive director of the Jito Foundation, told Cointelegraph that the Jito Foundation has “an exceptionally long time horizon,” and the investment “will allow the Foundation to work to make Solana the home for internet capital markets well into the next decade.” Read more
Retail Ether longs surged above 90%, but analysts warn of a potential reversal as technicals flash caution even as institutions keep buying the dip. Key takeaways: Retail traders hold 94% long positions on Ether, often a contrarian indicator. ETH funding on Binance remains healthy, with leverage moderate and not euphoric. Read more
Daylight removes the high upfront cost of installing solar panels and batteries, which has impeded the adoption of solar energy. Daylight, a decentralized physical infrastructure network (DePIN) project focused on creating a distributed solar energy grid, has raised $75 million to expand its network of solar coverage in the United States. Daylight offers solar power as a subscription-based service to customers, removing the high upfront cost of purchasing and installing panels and batteries, which can cost consumers over $30,000. The project’s testnet went live in 2024. The network generates revenue through its subscription-based energy service and by feeding excess energy back to the power grid. Customers share in the revenues by earning “sun points” for contributing to the decentralized solar grid, with plans to introduce a token in the future. Read more
Bitcoin investor sentiment slumps to a yearly low, but Bitwise says fear may signal a prime accumulation phase for BTC. Key takeaways: Bitwise analysts argue that selling pressure has likely peaked, and that dips may be good buying opportunities. Smaller BTC holders are accumulating even as miners increase exchange deposits. Read more