Binance Facilitates Galaxy Digital’s $100M ETH-to-SOL Swap Amid Solana’s Rising Institutional Appeal

Galaxy Digital, led by Mike Novogratz, has executed a significant $100 million exchange of Ethereum (ETH) for Solana (SOL) via Binance, underscoring growing institutional confidence in Solana’s blockchain potential. This strategic move highlights shifting market dynamics and Binance’s role in facilitating large-scale asset reallocations in the crypto space.

Galaxy Digital Swaps $100M ETH for SOL, Signaling Solana Adoption

Mike Novogratz’s Galaxy Digital has swapped a substantial $100 million worth of Ethereum (ETH) for Solana (SOL), indicating a notable shift in its investment strategy and growing institutional confidence in Solana’s potential. On-chain data reveals that Galaxy Digital transferred 65,600 ETH to Binance and withdrew 752,240 SOL, marking a significant asset reallocation amidst shifting market dynamics for Ethereum.

Binance Tightens Rules for South African Users Starting April 30

Binance has announced new compliance rules for its South African users starting April 30. These changes include requiring sender and receiver information for all crypto deposits and withdrawals to align with local regulatory demands. This update is part of Binance’s ongoing efforts to strengthen transparency and meet government guidelines.