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Solana and Bullish Exchange Forge Institutional Stablecoin Infrastructure Partnership

Solana and Bullish Exchange Forge Institutional Stablecoin Infrastructure Partnership

Author:
SOL News
Published:
2025-07-09 21:46:30
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[TRADE_PLUGIN]SOLUSDT,SOLUSDT[/TRADE_PLUGIN]

In a significant move for institutional crypto adoption, Bullish Exchange has partnered with the solana Foundation to integrate Solana-native stablecoins as the backbone of its trading and clearing infrastructure. Announced on July 10, 2025, this collaboration aims to leverage Solana's high-performance blockchain for institutional-grade custody, payments, and settlement solutions across Bullish's ecosystem, which currently processes over $2.3 billion in volume. The partnership signals growing institutional confidence in Solana's scalability for financial infrastructure, potentially accelerating mainstream adoption of blockchain-based settlement systems.

Bullish Exchange Partners with Solana Foundation for Institutional Stablecoin Infrastructure

Crypto exchange Bullish has forged a strategic alliance with the Solana Foundation to integrate Solana-native stablecoins as the core infrastructure for its trading and clearing operations. The collaboration targets institutional-grade financial systems, leveraging Solana's blockchain for custody, payments, and settlements across Bullish's ecosystem.

Bullish Exchange, which processes over $2.3 billion in daily volume, aims to merge traditional and decentralized finance through Solana's high-speed, low-cost rails. "Solana has proven itself as infrastructure for next-generation finance—fast, efficient, and institution-ready," said Bullish CEO Tom Farley.

The MOVE coincides with surging demand for stablecoins, which now command a $255.5 billion market capitalization. Solana-based stablecoins account for $10.9 billion, positioning the network among the top three blockchains for stablecoin adoption.

SOL Surges Past $154 as JAMining’s Cloud Platform Offers Passive Crypto Earnings

Solana (SOL) breached $154 amid accelerating DeFi and NFT ecosystem growth, prompting investor interest in lower-risk yield generation. UK-based JAMining positions its cloud mining service as a turnkey solution, leveraging renewable-powered data centers to provide automated exposure to crypto assets without hardware requirements.

The platform promotes accessibility with a $100 signup bonus and daily payouts in multiple cryptocurrencies. Its tiered affiliate program offers 5% direct referral commissions, extending to secondary networks. Cloud mining adoption rises as retail participants seek alternatives to volatile spot trading.

Is There a Future for DAOs?

The cracks in DAO governance are becoming increasingly apparent. Recent exits by Solana-based exchange Jupiter and NFT giant Yuga Labs highlight growing disillusionment. Jupiter cited a "breakdown in trust," while Yuga CEO Greg Solano dismissed ApeCoin DAO as "sluggish, noisy and often unserious governance theater."

DAOs, once hailed as the vanguard of crypto's decentralization ethos, now face existential questions. These blockchain-native governance systems promised community-driven capitalism but are buckling under the weight of their own limitations. "I absolutely understand the frustration with sluggish, broken governance," admits Kollan House of MetaDAO, pinpointing token voting as a Core issue.

From political idealism to tokenized theater, DAOs struggle to reconcile their revolutionary aspirations with operational realities. Governance tokens, initially a workaround for securities regulations, now face scrutiny for failing to deliver meaningful accountability or utility.

Solana Staking ETF $SSK Surpasses $40M AUM, Outperforming Competitors

The REX-Osprey Solana + Staking ETF ($SSK) has rapidly emerged as a standout in the crypto ETF space, crossing $40 million in assets under management just days after launch. Investors poured $20 million into the fund in a single day, signaling strong demand for yield-generating crypto products.

$SSK distinguishes itself as the first U.S.-listed Solana ETF that holds and stakes actual SOL tokens, offering investors both price exposure and staking rewards currently yielding 7.3% annually. The fund's July 3 debut saw $33 million in trading volume despite starting with just $1 million AUM, far exceeding Bloomberg analyst Eric Balchunas' initial projections.

Solana-focused ETFs collectively have attracted $80 million in inflows over the past month, with $SSK now leading its direct competitor $SOLZ and gaining on Leveraged alternative $SOLT. While still dwarfed by Bitcoin and Ethereum products, these flows demonstrate growing appetite for crypto investment vehicles that combine capital appreciation with passive income.

Pump Token Sale Launches July 12 with Limited Access to EU and US Users

Bybit will host the Pump token sale starting July 12 at 2 PM UTC, offering 150 billion PUMP tokens at $0.004 each. The sale runs for 72 hours or until sold out, with a $1 million cap. USDT, USDC, SOL, and bbSOL are accepted as payment.

EU and US users are excluded due to MiCA regulations and US securities laws. Multiple exchanges are participating, but regional restrictions and unclear platform details have raised concerns among investors.

Despite growing HYPE around Pump.fun, on-chain activity has declined ahead of the token launch. The project faces challenges balancing global accessibility with regulatory compliance.

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