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Societe Generale has announced plans to issue its USD-pegged stablecoin on the Ethereum and Solana networks. The bank’s crypto arm, Societe Generale-FORGE (SG-FORGE), made this announcement and revealed when this stablecoin would begin trading. Societe Generale Launches USD Stablecoin In a press release, SG-FORGE announced the launch of a new stablecoin, the USD CoinVertible, on
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Although the Metaplanet stock price is facing strong selling pressure, Benchmark Equity Research has initiated a buy call with a target of 2,400 JPY, 50% up from the current levels. This comes amid the Japanese firm’s Bitcoin acquisition spree, which now holds 13,350 Bitcoins, becoming the fifth largest public-listed firm by BTC holdings. Despite the
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1inch Expands to Solana:– In a major move for DeFi, the multi-chain DEX aggregator 1inch has expanded to Solana. With the integration, the on-chain swaps for over 1 million tokens are now live on the network.
This means that users can now access trade and swaps for over 1 million Solana-based tokens using the DEX aggregator 1inch’s dApp.
The integration comes as Solana’s DEX activity continues to outperform. Over the past week, Solana-based DEX volume has jumped by roughly 25% to reach $19.359 billion.
With the montly Solana DEX trading volume hitting $50.7 and 16% week-over-week gain, it has surpassed Ethereum’s Layer-2s.
1inch’s decision to integrate with Solana is driven first and foremost by performance. Solana processes roughly five times the number of transactions Ethereum does over a similar period.
In the past three months, Solana network has handled 4.8 billion transactions and served 224 million active addresses. In counterpart, Ethereum stands at 1 billion transactions and 78 million addresses.
Its sub-second block times and single-digit cent fees combined with 1inch’s intent-based trading architecture is set to provide users with the efficient execution of swap orders.
There is no explicit market reaction as of now. After the 1inch Solana news, $1INCH token is trading at the current Price of $0.58 with 24 h change standing at +2.3%
Apart from the On-chain swaps, 1inch has also bring in Fusion protocol and six developer APIs to the leading blockchain network, Solana.
With its first deployment of Fusion protocol, this will allow users to place swap orders in an intent-based trading system. Such orders are executed by professional market makers called resolvers which use all the available liquidity sources.
In this system, users are also allowed to define their desired trade parameters. Based on the paramenters, the resolvers compete to fill the orders under Dutch auction mechanics.
In Dutch mechanism, the exchange rate starts high and gradually decreases until a resolver accepts the order. This ensures minimum slippage and maximum liquidity aggregation.
Further, for developers, 1inch Developer Portal’s existing toolkit of APIs now immediately gains Solana support.
According to its blog post, this includes Swap API, Balance API, Token API, Spot Price API, Transaction Gateway API, Gas Price API, Cross-chain API.
This move comes as a boost for the second-largest DEX inch’s vision of creating a “unified multi-chain” DeFi ecosystem.
Top Solana tokens that will available on 1inch include naitve Solana (SOL), Jupiter (JUP), Raydium (RAY), Bonk (BONK) among others.
1 million+ tokens. $7 billion liquidity. The best swap rates.
Unleash @solana with 1inch.
Now live for on-chain swaps.
Start now
https://t.co/wUGBanUDdz pic.twitter.com/xr2Qc3tQvh
— 1inch (@1inch) April 29, 2025
To begin swapping on Solana through 1inch, users can now connect their Phantom or Trust Wallet via WalletConnect. 1inch told Coingape that the team has confirmed that support for additional wallets is on the way.
1inch has also revealed plans to roll out cross-chain functionality in the coming months. This willl allow swaps between Solana and more than 10 other blockchains supported by 1inch.
The ten EVM-compatible networks that it currently supports are Ethereum, BNB Chain, Polygon, Avalanche, Fantom, Arbitrum, Optimism, Gnosis Chain, Base and zkSync Era.
With cross-chain swaps soon to roll out, liquidity fragmentation across major chains would shrink.
Besides boosting DeFi significntly, this will bring in a unified trading experience for users and help onboarding new users at scale.
Also Read: How High Can XRP Price Go!
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After an impressive earnings report in Q1 for Robinhood, Ark Invest has splurged $10M to acquire HOOD stock. Despite predicting a massive Bitcoin rally in the coming months, the investment firm is diversifying its holdings to include Robinhood, AMD, 10X Genomics, and altcoins.
Cathie Wood’s Ark Invest has increased its footprint in the markets over the last day with significant investment in a raft of companies. According to an X post by Ark Invest Daily, the investment firm has splurged nearly $10 million to purchase 210,714 shares of Robinhood Markets Inc. (HOOD).
The heavy stock acquisition follows the release of Robinhood’s earnings report for Q1 2025. Robinhood’s earnings beat Wall Street expectations with total revenue within inches of $1 billion in the first three months of 2025.
Ark Invest scooped up 210,714 HOOD at a premium as shares traded at $46.62, a 5% drop over the last day. The sizable investment was made by the Ark Innovation ETF (ARKK), a fund investing in disruptive technologies.
Apart from buying Robinhood shares, the ARKK fund acquired 186,812 shares of Guardant Health for $9.1 million. The fund made sizable purchases in Advanced Micro Devices and 10X Genomics over the last day.
However, Ark Invest has sold off significant holdings in Roblox Group, Veracyte, and Palantir in the last 24 hours. The Ark Autonomous Technology & Robotics ETF purchased 184,742 shares of Aurora Innovation Inc. while selling 37,591 in Kratos Defense and Security Solutions Inc.
Recent market activities by Ark Invest suggest that the company is diversifying its portfolio. A month ago, the company halted its Bitcoin purchase in favour of other altcoins in a frenzied diversification push.
Ark Invest has gained its first exposure to Solana (SOL) as it continues its diversification strategy. The recent plays in the stock market are accentuating a changing stance for the investment giant.
The company may be diversifying and reducing its BTC exposure in anticipation of a coming US recession, as predicted by Cathie Wood. Another reason for halting BTC purchases may be part of a rebalancing of its portfolio or nimble market maneuvering to seize fresh opportunities.
Despite the change in stance, Ark Invest says Bitcoin can break $1 million by the end of the decade. Conservative estimates see the firm predict a base case of $710,000 per BTC and a bear case of $300,000 by 2030. At the moment, Bitcoin price is trading at the $96,000 mark in a strong show of bullishness over the last week.
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