Solana News on July 8th, 2025

Data Cove – Data Cove, a Solana-based decentralized storage project, won the Colosseum Hackathon with a prototype that encrypts and fragments files across nodes, bringing attention to Solana's potential in the DePIN and storage sectors.

Solana ETF – The SEC requested Solana ETF filers to re-submit applications ahead of a July deadline, suggesting a possible approval before the final October 10 decision.

Hivemapper – Volkswagen’s Cariad unit will use Bee Maps from Solana-based Hivemapper to support driverless car navigation data, marking a major real-world application of Solana's DePIN stack.

BioSig & Streamex – BioSig and Streamex plan to raise $1.1B to tokenize gold on Solana, aiming to bridge real-world assets (RWAs) with blockchain infrastructure.

Hyperscale Data – Hyperscale Data’s Ault Markets subsidiary will launch a Solana validator node in Q3 2025 as part of its multi-chain infra expansion and apply for the Solana Foundation Delegation Program.

Anchorage Digital – Anchorage has been confirmed as the custodian for a new Solana ETF, strengthening institutional credibility for SOL’s staking and custody infrastructure.

Trump Media – Trump Media filed to launch the “Crypto Blue Chip ETF,” which would hold Bitcoin, Ethereum, Solana, XRP, and Cronos—allocating 8% to SOL—pending SEC approval.

Pump.fun – Pump.fun plans to list its PUMP token on July 12 via Gate.io, pricing 150 billion tokens at $0.004 to raise $600 million, with 15% of supply in this initial offering.

Grayscale - Received SEC approval to convert its Large Cap Fund into an ETF tracking Bitcoin, ETH, SOL, XRP, and ADA.

Solana - Price has been stagnant but is positioned to potentially outperform Bitcoin, with $70.72 million in linear token unlocks adding supply pressure.

Scottie Pippen - Shared his top crypto picks, including Bitcoin, as a six-time NBA champion influencing investor interest.

DOGE - Rallied after Elon Musk launched his pro-Bitcoin America Party, boosting sentiment among retail traders.