Forward Industries Appoints Georgia Quinn as General Counsel

Forward Industries (NASDAQ: FWDI) has appointed Georgia Quinn as General Counsel effective immediately, signaling a strategic reinforcement of its legal and compliance capabilities as the company aggressively pursues its Solana-focused treasury strategy. Quinn brings nearly two decades of specialized experience from leading digital asset firms including Securitize, Anchorage Digital, and CoinList, with direct involvement in Solana’s initial fundraising and token launch. This appointment underscores Forward Industries’ commitment to building institutional-grade governance around its digital asset treasury operations while maintaining its traditional design business serving medical and technology sectors.

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Bitwise Solana ETF Draws $69.5M in Debut, Outshines Rival

Bitwise Asset Management’s spot Solana ETF (BSOL) launched with explosive momentum, attracting $69.5 million in debut inflows that dramatically outpaced the $12 million drawn by Rex-Osprey’s competing Solana Staking ETF (SSK). The divergent performance signals strong institutional preference for BSOL’s direct exposure model and competitive 0.20% management fee, even as Solana’s price declined 3.1% to $194 on launch day, highlighting a potential decoupling between ETF demand and short-term price movements.

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First US Solana Staking ETFs Launch, Expanding Crypto Access

The US financial markets have entered a new era of cryptocurrency accessibility with the historic launch of four altcoin exchange-traded funds on October 28, marking the first wave of non-Bitcoin, non-Ethereum spot crypto ETFs. This development, featuring pioneering Solana staking ETFs alongside Hedera and Litecoin products, represents a significant milestone in institutional crypto adoption and potentially catalyzes rotation into alternative cryptocurrencies after months of market consolidation.

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Forward Industries Hires IBN for Solana Treasury Strategy

Forward Industries (NASDAQ: FORD) has engaged financial communications firm IBN to amplify its corporate strategy around one of the largest Solana treasuries among public companies. The NASDAQ-listed firm holds over 6.87 million SOL tokens acquired at a net cost of $232.08 each, representing a $1.59 billion deployment that generates substantial daily staking revenue. This strategic partnership positions Forward Industries as a key institutional gateway to the Solana ecosystem while signaling growing corporate adoption of cryptocurrency treasury management.

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Forward Industries Forms 25-Member Crypto Advisory Board

Forward Industries (NASDAQ: FORD), a global design company with over 60 years of history, is making a dramatic pivot into digital assets by establishing a 25-member Crypto Advisory Board. This strategic move signals the company’s accelerated push into blockchain initiatives and provides expert guidance for its Solana-focused treasury strategy, supported by major crypto investors including Galaxy Digital, Jump Crypto, and Multicoin Capital.

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Why Wall Street Circuit Breakers Fail in DeFi Markets

Traditional market safeguards like circuit breakers, designed to prevent panic selling on Wall Street, face fundamental incompatibility with decentralized finance. Following $19 billion in crypto liquidations last Friday, experts argue that DeFi’s autonomous architecture makes these traditional tools not just impractical but potentially harmful, creating price dislocations rather than preventing them.

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Public Firms Amass Billions in Solana Treasury Holdings

Publicly traded companies are aggressively diversifying their digital asset treasuries beyond Bitcoin and Ethereum, with Solana emerging as a major institutional favorite. Leading firms have collectively accumulated over $3.4 billion worth of SOL tokens, signaling a significant shift in corporate treasury strategies toward alternative crypto assets. This movement represents a calculated move down the risk curve, with companies leveraging sophisticated financing methods and deep ecosystem integration to build substantial Solana positions.

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GENIUS Act Threatens Bank Deposits as Stablecoins Gain

The recently enacted GENIUS Act is poised to trigger a significant shift of retail deposits from traditional banks to higher-yielding stablecoins. According to Multicoin Capital’s co-founder Tushar Jain, this legislation marks a turning point in the competition for consumer savings, potentially ending banks’ ability to offer minimal interest while charging higher rates for loans. Big tech companies like Meta, Google, and Apple are expected to enter the fray, leveraging their massive distribution networks to offer superior yields and user experience.

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Galaxy Digital Raises $1B for Solana Expansion

Galaxy Digital is making strategic moves to solidify its position in the crypto infrastructure space, announcing a $1 billion fundraising effort with Multicoin Capital and Jump Crypto to acquire Solana assets while launching new tokenization initiatives. These developments signal Galaxy’s commitment to pioneering onchain financial services and expanding its influence across the blockchain ecosystem, positioning the company at the forefront of digital asset innovation.

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Solana Proposes Dynamic Block Limits in Alpenglow Upgrade

Solana developers are considering a groundbreaking proposal to eliminate fixed block size limits, allowing blocks to expand dynamically based on validator hardware capabilities. The SIMD-0370 proposal would replace the current 60 million compute unit cap per block, potentially boosting network throughput while raising concerns about centralization risks.

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Solana’s DeFi Future & Fed Rate Cut Impact Analysis

In a recent Galaxy Brains podcast recorded on September 17, 2025, financial experts Kyle Samani of Multicoin Capital and Beimnet Abebe of Galaxy Trading provided critical insights into two converging market forces: Solana’s emerging dominance in decentralized finance and the Federal Reserve’s latest rate cut decision. Their analysis reveals how technological innovation in blockchain infrastructure and traditional monetary policy are increasingly interconnected in shaping investment landscapes.

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SEC Approves New Standards to Speed Up Crypto ETP Listings

The U.S. Securities and Exchange Commission has approved new generic listing standards for commodity-based trust shares on Nasdaq, Cboe, and the New York Stock Exchange, marking a significant step toward expediting the approval process for crypto-related exchange-traded products. While this regulatory shift aims to reduce delays and provide clearer guidelines for issuers, experts emphasize that threshold requirements remain in place, meaning not all digital asset ETPs will immediately qualify under the new framework.

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