Solana News on July 5th, 2025

Solana - Led Layer 1s in developer growth (17.7%), achieved 1,504 TPS, and generated $1B in Q2 revenue, despite a 10.5% drop in new token launches.

DeFi Development Corp - Became the first U.S.-listed firm to adopt Solana as a treasury asset, raising $112.5M via convertible notes and purchasing 17,760 SOL ($2.72M).

Ranger Finance - Enabled tokenized stock trading on Solana, offering access to U.S. equities like Apple, Nvidia, and Tesla through Ranger Spot.

Moodys & Alphaledger - Piloted tokenized bonds on Solana with embedded traditional credit ratings, bridging TradFi and DeFi.

Snorter Token - Raised $1.45M via a Solana-based Telegram bot for meme coin sniping and rugpull detection, with plans to expand to Ethereum, BNB Chain, Polygon, and Base.

BackedFi - Launched xStocks, listing over 60 tokenized equities tradable on Solana, Bybit, and Kraken.

Stacks - Expanded sBTC and STX tokens to Solana and Sui using Wormhole’s NTT standard, enabling Bitcoin Layer 2 access on multiple chains.

BitwiseInvest - Reaffirmed a $200,000 BTC price target for 2025, expressing long-term optimism for Solana and Ethereum despite short-term challenges.

Grayscale - Received SEC approval to convert its Digital Large-Cap Fund into a regulated crypto ETF, including BTC, ETH, SOL, XRP, and ADA.

RobinhoodApp - Launched ETH and SOL staking in the U.S. and tokenized stocks in Europe via Arbitrum, alongside micro futures for BTC, SOL, and XRP.

PancakeSwap - Recorded $325B in June trading volume, driven by cross-chain swaps and expansion to Solana.

Binance Earn - Promoted Simple Earn SOL Flexible Products with a daily Wormhole (W) giveaway from July 4–17, 2025.

BitMine Immersion Technologies - Appointed Tom Lee as chairman, planning to raise $250M to make ETH its primary treasury reserve asset.

SlowMist - Warned of a fake Solana trading bot on GitHub distributing malware that steals crypto wallet credentials.