1h ago
Solana futures open interest nears $1.8 billion as funding hits an 11-month high with SOL around $78
Solana futures open interest is close to $1.8 billion, representing about 23.1 million SOL in notional exposure. Funding rates on major exchanges’ perpetual contracts have risen to around 0.01% every eight hours, the highest in nearly 11 months, indicating traders are paying up to keep leveraged long positions. The last time funding was at similar levels, SOL traded above $200, while it is now above $70 and roughly 2.6% away from the $80 resistance level. Traders are watching whether SOL can break through $80.
SOL
SOL+1.69%
1h ago
5h ago
NEAR weighs $53 million sovereign-style fund to replace inflation-funded ecosystem spending
NEAR Protocol is considering a sovereign wealth fund-style model that would use investment income, rather than inflation, to support long-term operations. The proposal calls for an initial fund of about 30 million NEAR tokens, valued at roughly $53 million. Co-founder Illia Polosukhin said investing protocol revenue and holding NEAR tokens would offset inflation more sustainably than burning tokens. NEAR was trading around $1.76, up about 3.5% over 24 hours, but down roughly 29% over the past year.
NEAR
NEAR+0.31%
5h ago
5h ago
Crypto posts strong week as Bitcoin ETF buying hits $853M and Senate schedules CLARITY Act vote for Sept. 15
Crypto markets had a strong week, with Bitcoin ETFs posting $853M in net BTC buying, the biggest weekly inflow in three months. Ethereum ETFs recorded $244M in net ETH buying, the largest weekly inflow in four months, while SOL broke out of a three-month downtrend. In policy developments, President Vladimir Putin signed a new law regulating crypto in Russia, and the U.S. Senate is set to vote on the Crypto CLARITY Act on September 15, which President Donald Trump said he supports. September rate-hike odds fell to 40% from 56%, and Strategy’s STRC shares hit a 51-day high of $9.4.
BTC
BTC+0.05%
5h ago
6h ago
Doms Industries Q1FY27 revenue climbs 19.2% to ₹670.5 crore as net profit falls 23.4%
Doms Industries reported Q1FY27 revenue up 19.2% year on year to ₹670.5 crore, while consolidated net profit fell 23.4% to ₹45.3 crore. The company said raw material costs rose by about 20% even as it implemented price increases of only 4–5%, squeezing margins. Doms maintained its full-year revenue growth guidance of 18–20% and said the Reynolds brand is expected to contribute close to 10% of overall revenues by FY29. Basic EPS slipped to ₹7.33 from ₹9.44.
6h ago
8h ago
Ripple backs ZILO and FCA-regulated Licuido to expand XRP Ledger tokenization push
On August 9, 2026, Ripple said it has expanded its institutional tokenization strategy through strategic investments in transfer agency provider ZILO and FCA-regulated tokenization platform Licuido. The investments aim to strengthen infrastructure for tokenized capital markets on the XRP Ledger and support institutions in bringing assets on-chain for issuance and trading. ZILO focuses on digital-asset transfer agency services, while Licuido provides compliant tokenization solutions, together advancing tokenization across Ripple’s ecosystem.
XRP
XRP-0.26%
8h ago
9h ago
Gland Pharma signs CDMO manufacturing and supply pact with USD 90–100 million annual revenue potential from 2029
India’s Gland Pharma has signed a CDMO agreement with an undisclosed leading global pharmaceutical company to manufacture and supply 55 sterile injectable SKUs spanning oncology and non-oncology products. The portfolio includes vial, lyo, ampoules and prefilled syringe (PFS) presentations, with work covering technology transfer through long-term commercial supply. The partnership is expected to start generating revenue in calendar year 2029, with annualized revenue potential estimated at USD 90–100 million once all products are commercialized.
9h ago
11h ago
Spot gold tops $4,300 an ounce as South Korea resumes buying after 13 years
Spot gold broke above $4,300 an ounce on August 6, with its weekly gain topping 7% at one point for its best showing since January. Data from the People’s Bank of China showed China’s gold reserves rose to 76.08 million ounces at the end of July, up 640,000 ounces from June. South Korea’s central bank returned to gold buying after 13 years, with reserves at about 104.4 tonnes, or roughly 3.5% of its foreign exchange reserves. A World Gold Council survey found 45% of central banks expect to increase gold holdings over the next year.
11h ago
21h ago
Copper above $14,000 a tonne as tariff-driven rally nears record levels
Copper is trading above $14,000 per tonne, near a historic peak. China’s refined copper imports exceeded 200,000 tonnes in July, the highest monthly total in at least 12 years. LME copper stocks have fallen to a five-month low, while the cash-to-three-month spread has widened to about a $120-per-tonne backwardation from around $40 a week earlier. The market is forecasting a global refined copper deficit of about 35,000 tonnes in 2026, underscoring ongoing tightness in the physical market.
21h ago