SOL treasury building and robust inflows to the Solana staking ETF hint at rising demand and a potential rally to $240. Key point: SOL faces profit-booking near $209, but the trend favors the bulls as long as the price remains above $185. Nasdaq-listed company DeFi Development Corp said on Monday that it had acquired 141,383 Solana (SOL) between July 14 and Sunday, boosting its treasury to 999,999 SOL. The company said it had $5 million at its disposal for future SOL purchases. Read more
USDW is part of WisdomTree’s stablecoin interoperability strategy and is intended to complement the company’s tokenized funds. Global asset manager WisdomTree has entered the full-stack stablecoin space following the passage of the US GENIUS Act, aiming to strengthen digital dollar infrastructure for its onchain financial products. WisdomTree’s US dollar-backed stablecoin, USDW, is a key component of its integrated strategy to serve both retail and institutional users, according to Will Peck, head of digital assets at WisdomTree. USDW is issued by the WisdomTree Digital Trust Company, a New York-chartered trust, to facilitate the movement of digital dollars for payments and to support the firm’s tokenized investment products — most notably, its US money market fund, the Government Money Market Digital (WTGXX). Read more
New Zealand’s financial watchdog outlawed crypto ATMs, citing regulatory gaps and AML concerns and raising questions about retail access and compliance. On July 17, 2025, New Zealand’s government made a defining move in its ongoing battle against financial crime: It announced a nationwide ban on cryptocurrency ATMs. The decision, spearheaded by Associate Justice Minister Nicole McKee, is part of a sweeping reform of the country’s Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) regime. Read more