Solana’s $210 Defense Line: Can Mutuum Finance Become the Next SOL Powerhouse?

Solana digs in at critical support as DeFi newcomer eyes ecosystem dominance.

Price Resilience Tested

SOL bulls hold the line at $210—a level that's separating correction from catastrophe. The network's proving its mettle while traditional finance types still can't tell a blockchain from a block of Swiss cheese.

Ecosystem Expansion Accelerates

Mutuum Finance emerges as potential heir apparent, leveraging Solana's blistering throughput to challenge legacy DeFi protocols. Speed matters when you're moving billions—something Wall Street settlement systems still haven't figured out.

Network Effect Multiplier

Every successful dApp built on Solana creates compounding value for SOL holders. Mutuum's lending architecture could trigger the same network effects that made Ethereum's early DeFi summer—just without the gas fee nightmares.

Technical Foundation Solidifies

Solana's infrastructure upgrades are paying dividends where it counts: transaction finality and developer adoption. Meanwhile, TradFi institutions are still patting themselves on the back for implementing basic wire transfers.

The real question isn't whether Mutuum Finance will succeed—it's how many traditional finance intermediaries will become obsolete in the process.

Dovish Pivot Could Spark Sharp Crypto Rally, Novogratz Says

He added that a dovish pivot, particularly if it involves aggressive rate cuts, could lead to a dramatic run-up in prices.

“Can Bitcoin get to $200K? Of course it could,” he said, suggesting such a scenario could spark a “blow-off top” moment in the market.

The Fed’s current chair, Jerome Powell, is set to complete his term in May 2026.

According to reports, former President Donald TRUMP is considering candidates like Kevin Hassett, Christopher Waller, and Kevin Warsh to replace him, each carrying different views on monetary policy. Waller, for instance, advocated for rate cuts as early as July this year.

Novogratz stressed, however, that such a scenario WOULD come with consequences. “It would be really shitty for America,” he said, warning that Fed independence could be at risk. Still, the short-term impact on Bitcoin could be explosive.

“Gold skyrockets… Bitcoin skyrockets,” he predicted, should a hyper-dovish nominee be confirmed.

The conversation echoed broader concerns raised by market watchers. Daleep Singh, vice chair at PGIM Fixed Income, recently said that the makeup of the Federal Open Market Committee (FOMC) could change significantly post-2026.

Singh also flagged risks to the dollar, noting that the balance of risks was “skewed to the downside.”

Market reaction, according to Novogratz, may remain muted until such a nomination becomes official. “I don’t think the market will buy that Trump’s going to do the crazy, until he does the crazy,” he said.

The Fed’s first rate cut of the cycle, 25 basis points in September, was largely expected.

However, if the next chair accelerates that trajectory, it could realign investor flows toward crypto. As Novogratz put it, “It becomes a whole new conversation if that happens.”

Hex Trust CEO: US Banks Will Soon Offer Bitcoin Services

Hex Trust CEO Alessio Quaglini believes US banks are on the verge of mainstreaming Bitcoin, pending regulatory clarity.

He predicts that within months, most American banks will offer custody, trading, and deposit services for Bitcoin, calling U.S. regulation the “global benchmark” for institutional adoption.

Founded in 2018, Hex Trust provides crypto custody, trading, lending, and staking services to institutions across Asia, the Middle East, and Europe.

With over 200 employees and a million end users via B2B deals, the firm is targeting $20 million in revenue by 2025 and considering a future IPO.

Quaglini also sees stablecoins as a disruptive force, potentially replacing the SWIFT system for cross-border payments.

Unlike US-listed crypto companies that rely on retail trading, Hex Trust’s strategy focuses on providing infrastructure for institutions and avoiding direct exposure to crypto market volatility.