Crypto Staking Giant Figment Eyes $100M–$200M in Strategic Acquisitions of Crypto Firms

Monicah W

Figment

Figment Acquisitions:- In a major market update coming from the leading staking giant, Figment, the firm is eyeing million dollar acquisitions in the industry.

According to a Bloomberg report, the firm is targeting mergers and acquisitions with crypto-focused firms.

Figment CEO Lorein Gobel who is leading the fourth startup Figment said in a recent interview, “I really just want to see how  far we can take it at this point”.

Before co-founding Figment in 2018, Gobel had founded and lead three firms – Interlog, Bird on a Wire Networks, pingg.com, a Social networking/messaging startup.

Notably, the Canada-based crypto staking services provider Figment raised $50 million in a Series C funding round in the year 2021. CEO Lorein has now revealed that it not looking to raise rather acquire.

What Kind of Crypto Firms is Figment Looking to Acquire

Figment as a leading proof-of-stake (PoS) infrastructure provider serves institutional clients in the blockchain space. It currently manages more than $15 billion in staked assets. 

And now the firm is reportedly looking to acquire projects that have dominant status on blockchains like Solana or Cosmos. The range of its acquisitions would be $100M–$200M.

It is likely seeking to acquire small crypto projects, with the terms sheet already out, according to the CEO Lorein Gobel.

The firm’s core business operations are in providing non-custodial staking services for PoS blockchains. This includes Ethereum, Solana, Cosmos, Polkadot – managing more than $15 billion in staked assets. 

Accordingly, it can be eyeing acquisition of  mid-sized staking and infrastructure boutiques. This can constitue validator operators, API/tooling startups, and regional specialists on high-growth PoS networks.

Such projects can easily bolt onto its institutional staking platform and accelerate its leadership in the Web3 infrastructure space.

Figment was valued at $1.4 billion in a 2024 financing by Thoma Bravo, Counterpoint Global (Morgan Stanley), Franklin Templeton, and Avon Ventures (Fidelity).

With $100-$200 million acquisitions, it is effectively willing to deploy between 7 % and 14 % of its current valuation on strategic bolt-on deals.

Also Read: Jerome Powell Speech Time

Boost in Crypto Deals And M&As

Figment’s acquisition push comes amid a broader boom in crypto M&A this year. This is being credited to the developing pro-crypto environment in United States under Trump Administration.

So far in 2025, 88 deals totaling $8.2 billion have closed. It is nearly three times the value seen over the same period in 2024. 

Notable billion-dollar crypto deals signed this yeear include Kraken’s $1.5 billion purchase of NinjaTrader in March for expansion of its  exchange into retail futures trading.

Ripple’s $1.25 billion acquisition of Hidden Road on April 8, 2025 became the largest crypto deal, bolstering its institutional settlement network.

Another largest crypto-related listings to date includes the most recent $3.6 billion SPAC merger taking Twenty One Capital public.

Thus, as Figment too eyes acquisitions and mergers, the broader ecosystem of crypto deals is set to receive a boost.

Related: Ripple Acquires Hiddenroad

The post Crypto Staking Giant Figment Eyes $100M–$200M in Strategic Acquisitions of Crypto Firms appeared first on CoinGape.

Related Posts

XRP, ADA and Altcoins Rally As New SEC Chair Paul Atkins Promises ‘Principled Approach’

Is-Paul-Atkins-What-Crypto-Needs-Now

The post XRP, ADA and Altcoins Rally As New SEC Chair Paul Atkins Promises ‘Principled Approach’ appeared first on Coinpedia Fintech News

The crypto community has long awaited a pro-crypto era in the U.S., hoping for clearer regulations and support for innovation. Half of that vision began to take shape when Trump took office, promising to make the U.S. the crypto capital of the world. Now, the other half is falling into place as Paul Atkins is officially sworn in as SEC Chair.

“The Perfect Person”

President Trump was beside the newly-sworn in SEC Chair as he took office and promised to make the SEC’s approach to regulating digital assets more sensible and fair. Trump introduced Atkins as the “perfect person” to lead the SEC, during the swearing-in ceremony. Trump was also hopeful that Atkins would put an end to the SEC’s misuse of power and unfair enforcement action under Biden’s administration.

He called ‘digital asset regulation’ to be a top priority of his and he would provide a solid regulatory foundation, as he resumes his role. 

“A top priority in my chairmanship will be to provide a firm regulatory foundation for digital assets through a rational, coherent, and principled approach,” he said. 

He also ensured that he would make the US the most safest and supportive country in the world, to smoothly carry on crypto operations an activities and keep politics out of securities regulations. 

Industry Experts’ Faith In Atkins

Several crypto advocates have voiced their support and belief in Atkins as the industry gears up for a major shift from an enforcement-focused approach to a regulatory clarity and guidance-driven framework.

“SEC Chairman Paul Atkins will be good for Bitcoin,” said Michael Saylor, the CEO of Strategy (formerly Microstrategy).

SteelWave Digital’s Founder, Mitchell DiRaimondo, summed it up perfectly saying “Atkins brings the clarity we need right now.” “Bitcoin finally has an ally in the SEC. Let the bull run begin,” commented the FIO Protocol. 

The SEC has been making steady progress under Acting Chair Mark Uyeda. A Virtual Currency Task Force, led by Commissioner Hester Peirce, was created in January to reshape virtual currency regulation. It has already held two roundtables discussing key issues. The third meeting scheduled on April 25th, will focus on crypto custody.

The post XRP, ADA and Altcoins Rally As New SEC Chair Paul Atkins Promises ‘Principled Approach’ appeared first on Coinpedia Fintech News
The crypto community has long awaited a pro-crypto era in the U.S., hoping for clearer regulations and support for innovation. Half of that vision began to take shape when Trump took office, promising to make the U.S. the crypto capital of the world. Now, the other half is falling into place as Paul Atkins is …

Solana ETF Explained: Key Players, Approval Timelines, and Market Impact

solana-etf

The post Solana ETF Explained: Key Players, Approval Timelines, and Market Impact appeared first on Coinpedia Fintech News

As institutional interest in crypto continues to rise in 2025, Solana has emerged as one of the top contenders for a spot ETF listing in the United States. With its fast-growing DeFi ecosystem, low transaction fees, and expanding developer base, Solana is increasingly seen as the leading alternative to Ethereum — and now, the race is on to bring a regulated Solana ETF to market.

Full List of Solana ETF Filings as SEC Reviews Key Applications

The push began in mid-2024, just months after the approval of spot Bitcoin and Ethereum ETFs in the US. Since then, a wave of asset managers — from established giants to crypto-native firms — have filed to launch spot Solana ETFs. Despite lingering questions around Solana’s regulatory classification, Bloomberg currently gives a 75% chance that a Solana ETF will be approved by the end of the year.

The current SEC under Chair Paul Atkins has shown more openness to crypto products, especially those that meet rigorous market surveillance, custody, and pricing standards. The fact that two Solana futures ETFs — SOLZ and SOLT — are already listed by the DTCC, and that CME is preparing to launch Solana futures contracts later this year, has only strengthened the case for a spot ETF.

Here’s a breakdown of the key players leading the Solana ETF charge in the US.

1. VanEck Solana Trust

VanEck was the first to move, filing an S-1 registration statement with the SEC in June 2024. The fund would directly track SOL’s market price and marks the first formal attempt to list a spot Solana ETF in the US. VanEck’s early application gave it a first-mover advantage in the altcoin ETF race.

2. 21Shares Core Solana ETF

Also filed in June 2024, 21Shares closely followed VanEck with its own S-1. The fund is intended to list on the Cboe BZX Exchange, where several crypto ETFs, including Ethereum, already trade. 21Shares has positioned itself as a key player in altcoin ETFs globally, and its Solana filing builds on that momentum.

3. Bitwise Solana ETF

In November 2024, Bitwise initiated its filing by establishing a statutory trust in Delaware. It later withdrew the original structure and refiled directly with the SEC via an S-1. The fund would hold SOL directly and aligns with Bitwise’s strategy of targeting long-term crypto exposure through trusted frameworks.

4. Grayscale Solana ETF

Grayscale submitted a filing in January 2025 to convert its existing Solana Trust (GSOL) into a spot ETF. GSOL had over $134 million in AUM at the time of filing. The move mirrors Grayscale’s earlier strategy with its Bitcoin and Ethereum trusts, and would see the ETF listed on NYSE Arca.

5. Canary Solana ETF

Filed between late 2024 and early 2025, Canary Capital’s application came amid a flurry of altcoin ETF filings following the US presidential election. The firm submitted an S-1 for a spot Solana ETF, seeking to capitalize on growing institutional demand for compliant SOL exposure.

6. Franklin Templeton Solana ETF

Franklin Templeton, which manages over $1.5 trillion in assets, entered the space in March 2025 with filings for both S-1 and 19b-4 forms. Its proposed Solana ETF would be listed on the Cboe BZX Exchange and represents one of the most high-profile institutional entries into the Solana ETF race.

7. Fidelity Solana ETF

On March 25, Cboe BZX Exchange submitted a 19b-4 filing on behalf of Fidelity for a proposed spot Solana ETF. The SEC acknowledged the application in early April. Notably, Fidelity’s fund plans to stake a portion of its SOL holdings through trusted third-party providers, offering the potential for yield — a unique feature among current filings.

Will Solana ETF Be Approved in 2025?

While the SEC has not yet ruled on any of these applications, the sentiment has shifted notably since the start of 2025. With Bitcoin and Ethereum ETFs already live, analysts believe it’s becoming increasingly difficult for the SEC to justify rejecting similar products — especially those that trade on regulated futures markets or are supported by mature custody and pricing infrastructure.

Regulatory classification remains one of the last unresolved hurdles. The SEC has not made a formal determination about whether Solana is a security, and ongoing litigation involving other altcoins could influence the decision timeline. Still, ETF sponsors are updating their filings to address concerns proactively, including surveillance-sharing agreements and expanded disclosures — tactics that were key to winning approval for spot Bitcoin ETFs in early 2024.

According to Bloomberg Intelligence, a spot Solana ETF could draw $3–6 billion in inflows, making it one of the largest altcoin ETF launches to date. The fact that futures ETFs tied to Solana are already recognized by US clearing houses only adds to the momentum.

If any of these Solana ETFs are approved in the second half of 2025 — which many analysts now expect — it would mark a major step toward bringing institutional-grade investment access to one of the most dynamic blockchains in the crypto ecosystem.

The post Solana ETF Explained: Key Players, Approval Timelines, and Market Impact appeared first on Coinpedia Fintech News
As institutional interest in crypto continues to rise in 2025, Solana has emerged as one of the top contenders for a spot ETF listing in the United States. With its fast-growing DeFi ecosystem, low transaction fees, and expanding developer base, Solana is increasingly seen as the leading alternative to Ethereum — and now, the race …

Hyperliquid (HYPE) Surges 15% as Indicators Signal Further Gains

Hyperliquid (HYPE) is showing strong technical signals across multiple indicators, with the token surging more than 15% in the last 24 hours. The platform continues to demonstrate impressive market performance, generating $47 million in fees over the past 30 days and outperforming major blockchain networks like Ethereum and Solana.

Technical indicators suggest a potential golden cross formation, meaning HYPE could test $21 or even $25.80 in the coming period.

Hyperliquid Revenue Places It Among Top Protocols In Crypto

Hyperliquid is currently one of the most successful protocols in crypto. Over the past 30 days, it has generated an impressive $47 million in fees and recently reached $1 trillion in perps volume.

While this places it behind major players such as Jito, Pumpfun, and PancakeSwap in terms of monthly revenue, Hyperliquid has surpassed significant blockchain apps and chains, including Solana, Ethereum, Raydium, and Phantom.

Selected Protocols and Chains Revenue. Last 24 hours, Last 7 Days, and Last 30 Days.
Selected Protocols and Chains Revenue. Last 24 hours, Last 7 Days, and Last 30 Days. Source: DefiLlama.

What makes Hyperliquid’s success particularly remarkable is that, unlike most other high-performing protocols that operate on established blockchain networks such as BNB, Solana, or Ethereum, Hyperliquid functions as its own independent chain.

With the exception of Tron, virtually all other major protocols rely on parent blockchains, whereas Hyperliquid has achieved its substantial revenue figures as a standalone entity.

Despite this impressive performance and unique positioning, HYPE has experienced considerable downward price pressure recently, trading below the $20 threshold for sixteen consecutive days, creating a notable disconnect between the protocol’s operational success and its market valuation.

HYPE DMI Shows Buyers Are In Control

The HYPE DMI (Directional Movement Index) chart shows promising momentum shifts, with the ADX (Average Directional Index) rising from 15.7 to 19, suggesting a strengthening trend conviction.

More significantly, the +DI (Positive Directional Indicator) has surged from 18 to 29.1, while the -DI (Negative Directional Indicator) has declined from 21.8 to 13.5. This crossover pattern, where +DI rises above -DI, typically signals a potential bullish reversal.

The increasing spread between these indicators and the rising ADX suggests that buying pressure is overcoming selling pressure, potentially setting the stage for HYPE to break above its recent sub-$20 trading range.

HYPE DMI.
HYPE DMI. Source: TradingView.

The Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of price movements. Readings above 70 are typically considered overbought, and below 30 are considered oversold.

HYPE’s RSI climbing from 54.5 to 66 indicates growing bullish momentum that hasn’t yet reached extreme levels. This uptick suggests strengthening buyer interest while remaining below the overbought threshold of 70.

HYPE RSI.
HYPE RSI. Source: TradingView.

The fact that HYPE hasn’t reached overbought levels since December 2024 implies there may still be room for price appreciation before any potential pullback.

Together with the DMI indicators, this RSI reading reinforces the possibility of continued upward movement in HYPE’s price in the near term.

Will Hyperliquid Rise Above $20 This Week?

The HYPE Exponential Moving Average (EMA) lines are converging toward a potential golden cross formation, which occurs when a shorter-term moving average crosses above a longer-term one.

This technical pattern typically signals a strong bullish momentum shift that could propel HYPE to test its immediate resistance level at $17. Should buyers successfully break through this threshold, the path would open for HYPE to climb toward the $21 mark.

In scenarios where exceptional buying pressure materializes, Hyperliquid could extend its gains to challenge the significant resistance level at $25.80, representing a substantial recovery from its recent sub-$20 trading range.

HYPE Price Analysis.
HYPE Price Analysis. Source: TradingView.

Conversely, if the anticipated uptrend fails to materialize and bearish sentiment prevails, HYPE could experience renewed downward pressure, forcing it to test the critical support level at $12.43.

The importance of this support cannot be overstated, as a breach below this floor could trigger accelerated selling, potentially pushing HYPE under the psychologically significant $12 level for the first time since December 2024.

The post Hyperliquid (HYPE) Surges 15% as Indicators Signal Further Gains appeared first on BeInCrypto.