Galaxy Digital CEO: Market Is Entering the "SOL Season," Market Momentum and Regulatory Signals Are All Favorable to Solana's Development

By: theblockbeats.news|2025/09/12 09:03:06
0
Share
copy

BlockBeats News, September 12th, Galaxy Digital CEO Mike Novogratz stated that the crypto market is entering what he calls the "SOL (Solana) Season," as market momentum and regulatory signals are both moving in favor of the blockchain.

Novogratz emphasized in a CNBC interview on Thursday that Forward Industries (code FORD), led by Galaxy Digital, Jump Crypto, and Multicoin Capital, recently completed a $1.65 billion financing round aimed at building the world's largest Solana treasury strategy. A crypto treasury company focused on altcoins is injecting new vitality and funds into the field.

He also mentioned the shifting regulatory landscape. Paul Atkins, Chairman of the U.S. Securities and Exchange Commission, recently stated that the agency is working to "advance securities rule modernization to allow for market digitization." Novogratz described this move as a "thorough departure" from past policies, signaling accelerated institutional adoption.

In addition, Nasdaq has recently submitted a rule change proposal to the SEC, seeking approval to list tokenized versions of stocks and ETFs for trading on the same order book as traditional securities. Novogratz stated that blockchain technology now possesses rapid, secure, and reliable characteristics, coupled with a robust regulatory framework, preparing Wall Street for adoption. He specifically pointed out that Solana, with its speed and high throughput, has become a customized blockchain suitable for the financial market, emphasizing that Solana and Ethereum are engaged in benign competition in rebuilding the global financial infrastructure. As applications mature, multi-chains will coexist through bridging.

-- Price

--

You may also like

Particle Founder: The entrepreneurial insights I have gained the most from in the past year

Stop lean startup, stop lightning entrepreneurship, and think carefully about what your product aspirations are.

Huang Renxun's latest podcast transcript: The future of Nvidia, the development of embodied intelligence and agents, the explosion of inference demand, and the public relations crisis of artificial intelligence

The competition in the future is not just about whose model is larger or whose computing power is stronger, but also about who understands the industry better, who can embed AI more deeply into real processes, and who can organize these capabilities into a runnable and scalable system.

OKX Ventures Research Report: AI Agent Economic Infrastructure Research Report (Part 1)

The existing infrastructure is hostile to the Agent economy. Agents can think and act independently at the "capability level," but at the "economic level," they are still locked into infrastructure designed for humans.

The migration of settlement rights: B18 and the institutional starting point of on-chain banks

In the traditional system, banks decide the settlement; in the on-chain system, code begins to take over this responsibility.

From Tencent and Circle: Looking at the Simple and Difficult Questions of Investment

The AI narrative continues to ferment, but the recent performance of related stocks varies, with some in the midst of summer and others as if in winter.

The second half of stablecoins no longer belongs to the crypto circle

What Coinbase doesn't want, Mastercard is eager to buy.

Popular coins

Latest Crypto News

Read more