Solana’s circulating supply will increase by 2.2% this Saturday with the unlocking of 11.2 million SOL from the FTX bankruptcy estate, valued at over $1 billion. This significant event will benefit claims buyers like Galaxy Asset Management, not FTX victims, as they have purchased rights to the tokens. Despite concerns, Galaxy’s Managing Director believes the market has already accounted for the impact of this unlock.
about Solana to Experience Major Supply Increase with FTX Token UnlockGalaxy Asset Management
0 in Finance and 0 in Crypto last weekBitwise Secures 70 Million Funding to Expand Crypto Asset Management Services
Bitwise has successfully raised $70 million to enhance team development and its core product offerings, following a remarkable 10X growth in client assets under management, now exceeding $12 billion. The firm, which provides various crypto investment solutions including ETFs for Bitcoin and Ether, is part of a rapidly expanding market projected to grow at a compound annual rate of 22% to 25% until 2030, driven by regulatory clarity and institutional interest. Competitors like Galaxy Asset Management and Grayscale are also experiencing significant growth amid the ongoing bull run in the crypto sector.
about Bitwise Secures 70 Million Funding to Expand Crypto Asset Management Services