Solana’s Bandit’s Badchain Unveils $1 Million Growth Fund to Boost Web3 Adoption
Bandit’s Badchain, a Solana-based Memetic Appchain, has announced a $1 million growth fund designed to accelerate Web3 adoption. This initiative, part of the Brave Rewards 3.0 Partner Program, will support 20 selected Web3 projects by providing them access to Brave’s extensive user base of 88 million monthly active users through its private advertising ecosystem. The fund highlights Bandit’s dedication to fostering community engagement and increasing visibility within the Web3 space. By leveraging Solana's high-speed and low-cost blockchain infrastructure, Bandit’s Badchain aims to drive innovation and mainstream adoption of decentralized technologies. This strategic MOVE aligns with the growing trend of blockchain projects investing in ecosystem growth to attract developers and users. As of July 2025, the fund is expected to play a pivotal role in shaping the future of Web3 by empowering promising projects with the resources and exposure needed to succeed.
Bandit’s Badchain Launches $1 Million Growth Fund to Power Web3 Adoption
Bandit’s Badchain, a Solana-based Memetic Appchain, has unveiled a $1 million growth fund aimed at accelerating Web3 adoption. The initiative, part of the Brave Rewards 3.0 Partner Program, will select 20 Web3 projects to leverage Brave’s 88 million monthly active users through its private advertising ecosystem.
The fund underscores Bandit’s commitment to community engagement and exposure within the Web3 space. Badchain, engineered by Bandit Network, serves as a launchpad for scalable campaigns, combining infrastructure with community-driven growth.
Brave’s ecosystem, boasting 38 million daily active users and 1.4 billion monthly search queries, offers high-impact placements for brands. This collaboration signals a strategic push to bridge attention with actionable Web3 adoption.
Kraken Launches On-Chain Trading for Tokenized US Equities, Excludes US Customers
Kraken has expanded its on-chain trading offerings with the launch of tokenized US equities, though US customers are notably excluded from participation. The exchange now provides international traders access to 60 US equities, including top tech stocks like GOOG, NVDA, and MSFT, through its partnership with BackedFi. These tokenized shares, known as XStocks, are fully composable within the Web3 ecosystem, enabling advanced trading strategies such as AI-driven bots and seamless swaps.
The move follows Kraken's earlier collaboration with BackedFi to introduce tokenized stocks on Solana. Bybit will also list XStocks, broadening accessibility. However, the offering remains unavailable in several key jurisdictions, including Canada, Australia, the EU, and the UK, as well as to US persons. Kraken's announcement underscores its ambition to pioneer on-chain financial markets, declaring, "We’re not waiting for the future. We’re building it."
Solana ETF Buzz Drives $12B Market Cap Surge as Price Targets $168 Resistance
Solana's market capitalization surged $12 billion amid growing anticipation for the first-ever solana staking ETF. REX Shares' upcoming launch has propelled SOL to $151, marking a 16% weekly gain, with technical indicators suggesting the rally could breach the critical $168 resistance level.
The cryptocurrency's total market cap now stands at $80.55 billion, up 17.9% as institutional interest grows. Bloomberg ETF analyst Eric Balchunas noted the significance of this development as regulatory approval appears imminent.
REX Shares' innovative ETF structure combines SOL exposure with staking rewards, potentially creating a new paradigm for yield-generating crypto products. Market sentiment has shifted decisively bullish as Solana outperforms broader crypto market trends.
First-Ever Solana Staking ETF in the U.S. Set to Launch
Solana's price surged nearly 4% following the announcement of the first U.S.-based Solana staking ETF, set to begin trading under the ticker SSK. The REX-OspreySOL + Staking ETF offers investors dual exposure to SOL's price action and on-chain staking rewards, marking a milestone for yield-generating crypto products.
The ETF bypasses traditional SEC approval hurdles by leveraging a C-corporation structure under the Investment Company Act of 1940. This innovative approach sidesteps staking-related regulatory concerns that have delayed other crypto ETF applications, with REX Shares having received informal SEC clearance prior to launch.
Market reaction was immediate, with Solana outperforming major cryptocurrencies within the hour. The product's unique value proposition combines the liquidity of traditional ETFs with Web3-native yield mechanics, potentially setting a precedent for future crypto investment vehicles.
Solana Price Faces Potential Pullback as TD Sequential Signals Exhaustion
Solana's SOL token led top cryptocurrencies with a 12.1% weekly gain, reaching $150.51 as Middle East tensions eased. The crypto fear gauge improved from 37 to 50, reflecting neutral market sentiment ahead of potential catalysts.
Technical analyst Ali Martinez warns of possible retracement, with the TD Sequential flashing a sell signal on SOL's 4-hour chart. The indicator suggests the rally may be exhausted, with Fibonacci levels pointing to initial support at $146 and stronger demand NEAR $140.
Trading volumes surged 20% amid a 0.7% price decline, signaling growing selling pressure. Market participants await confirmation of whether this marks a temporary consolidation or the start of deeper correction.
Solana Breaks $160 on ETF and Staking News
Solana's price surged past $160 following announcements of a groundbreaking staked ETF and Robinhood's reintroduction of staking services. The REX-Osprey SOL + Staking ETF, set to launch this week, marks the first U.S. crypto ETF to incorporate on-chain staking rewards, with approval odds exceeding 90%.
Robinhood's decision to reactivate staking for U.S. clients added fuel to SOL's rally. Bloomberg analysts had anticipated the ETF's imminent approval, but the official confirmation from REX Shares triggered near-vertical price movement. Regulatory revisions, while technically a delay, represent standard procedure for such financial products.
The market response underscores growing institutional interest in yield-generating crypto products. Solana's ecosystem now stands at the forefront of this trend, bridging decentralized finance with traditional investment vehicles.
