The Solana Policy Research Institute, Superstate Inc., and Zagreus Services LLC jointly submitted the "Project Open" proposal to the SEC, aiming to allow the issuance and trading of equity securities on public blockchain networks.The core content of the proposal includes: establishing an 18-month pilot period, limiting the number of initial issuers; requiring issuers to register "Token Shares" with the SEC and submit registration statements similar to traditional securities; all digital wallets holding Token Shares must pass KYC checks and complete investor education courses; transactions will be settled instantly through blockchain smart contracts, eliminating the need for a clearing process; transfer agents will use the blockchain as the primary record-keeping system.The proposal also points out issues that need further resolution, including the qualitative assessment of blockchain network fees, regulation of peer-to-peer transactions, and the definition of the broker's role.

ChainCatcher news, according to The Block, the multi-chain DEX aggregator 1inch has added support for the Solana network. After this integration, over 1 million tokens on Solana can be exchanged with MEV protection.

ChainCatcher news, according to The Block, supported by the crypto investment firm Deus X Capital, Solstice Labs announced that it will launch the yield-bearing synthetic stablecoin USX and a native staking protocol on the Solana blockchain this summer. USX achieves Delta-Neutral returns through arbitrage and staking strategies, fully collateralized by USDT and USDC to maintain its peg, allowing holders to seamlessly access the YieldVault protocol with a total locked amount of $100 million.Currently, the stablecoin scale on the Solana chain accounts for over 5% of the total network amount of $238 billion, but there is a lack of fiat-pegged coins specifically designed for passive income. The CEO of Solstice Labs stated that USX aims to provide retail and institutional users with access to yield opportunities that are traditionally exclusive to institutions in DeFi, in a transparent manner.

ChainCatcher news, according to Onchain Lens monitoring, Circle has issued an additional 250 million USDC on the Solana chain.So far, they have minted 13.25 billion USDC on Solana by 2025.

ChainCatcher news, according to The Block, the Solana Policy Institute has announced the appointment of former Filecoin Foundation Chief Marketing and Communications Officer Rachel Green Horn as Chief Marketing Officer.The agency was founded last month by Miller Whitehouse-Levine, focusing on influencing stablecoin and market structure legislation, and engaging in policy dialogue with the new leadership of the SEC and CFTC. Kristin Smith will join as chair in May.

ChainCatcher message, on-chain data shows that the circulation of USDC on Solana has surpassed 10 billion dollars, with a weekly increase of 3.56%, accounting for 16.11% of the total supply.

ChainCatcher news, according to official news, DeFi Development Corp submitted a $1 billion S-3 registration statement to the U.S. Securities and Exchange Commission on April 25, 2025. The market speculates that it may be further used to purchase SOL assets. Two days ago, DeFi Development Corp increased its treasury by $9.9 million in Solana (SOL), bringing the total holdings to 317,273 coins, with a market value of approximately $48 million.

ChainCatcher news, according to official news, OKX will launch LAYER (Solayer) spot trading on April 25 at 6:00 PM (UTC+8).

ChainCatcher news, according to DeFiLlama data, the total market capitalization of stablecoins on the Solana chain has reached $12.883 billion, setting a new historical high. In the past 7 days, the market capitalization of stablecoins on the Solana chain has increased by $230 million, with a growth rate of 1.82%.

ChainCatcher message, according to Whale Alert monitoring, 7 minutes ago, USDC Treasury minted 250 million USDC on the Solana chain.

ChainCatcher news, according to Forbes, cryptocurrency venture capital firm RockawayX, with total assets under management of $2 billion, announced the completion of fundraising for its second early-stage fund, totaling $125 million.The fund will primarily invest in startup projects based on the Solana blockchain, with a focus on yield-generating projects.

ChainCatcher news, according to the announcement from Huobi HTX, Huobi HTX has opened the deposit service for INIT on April 23 at 19:00 (GMT+8). The spot trading for INIT/USDT will open on April 24 at 19:00 (GMT+8). The withdrawal service for INIT will open on April 25 at 19:00 (GMT+8). Meanwhile, Huobi leverage will add INIT/USDT (10X) isolated margin trading on April 24 at 19:00 (GMT+8).It is reported that Initia is an intertwined Rollup network that reconstructs a new multi-chain world as a whole by using Initia L1 and interconnected L2 systems, involving architecture, products, and economic system stacks. Initia has the advantage of identifying many existing multi-chain system flaws, such as those in Cosmos and Ethereum-based Rollups.

ChainCatcher message, according to SolanaFloor, the Solana Foundation has launched a new policy to strengthen decentralization: for each new validator added to its Delegation Program, if certain validators have been eligible for Solana Foundation delegation on the mainnet for at least 18 months and have less than 1000 SOL staked outside of the Solana Foundation delegation, three of them will be removed. This change aims to reduce reliance on foundation delegation, encourage community-supported validators, and maintain a more efficient and decentralized network.

ChainCatcher news, according to GlobeNewswire, Nasdaq-listed DeFi Development Corporation (stock code: JNVR) announced the purchase of 88,164 Solana (SOL) for approximately $11.5 million. Following this purchase, the company's total holdings of SOL reached 251,842, with a total value of about $34.4 million (including staking rewards).The company stated that the newly acquired SOL will be immediately staked, providing security to the Solana network while earning native rewards. This transaction is part of the company's recent $42 million financing plan. According to the funding reserve policy approved by the board on April 4, the company plans to accumulate cryptocurrency assets in the long term and will operate one or more Solana validator nodes to achieve asset staking and contribute to network security.

ChainCatcher news, according to Cointelegraph, global blockchain payment service provider Astra Fintech has announced the establishment of a $100 million fund to support the development of the Solana ecosystem in Asia. The fund will be based in South Korea and will primarily invest in projects that develop payment financial (PayFi) solutions, as well as promote collaboration with developers, businesses, and regulatory agencies.