Superstate CEO Launches Platform To “Replace Crypto Assets With Equities” – SOL Strategies Makes First Bet!

Monicah W

Superstate Launches New Platform To Bring SEC Registered Shares OnChain

Superstate New Platform:- The tokenization of Real World Assets is the biggest bet that the web3 firms are focusing as of now.

In another groundbreaking update, the Solana Infra company, SOL Strategies, has announced its plan to bring registered shares On-chain.

For this, SOL Strategies has team up with Superstate to bring its SEC-registered public equities and get them trading on blockchain networks.

This comes after on Thursday, Superstate launched a platform – Opening Bell. It allows companies to issue SEC-registered shares directly onto blockchain.

Superstate’s New Platform – Opening Bell

Superstate last month in March unveiled its transfer agent with the US Securities and Exchange Commission – Superstate Swrvices LLC. Using this SEC-registered transfer agent, it will record and tokenize the actual shares of the companies via Opening Bell.

According to the company’s blog post, for already publicly traded companies, it will open a new capital market all while maintaining compliance with existing securities regulations.

For companies not yet public, it will allow them to start trading in the crypto market and raise from crypto investors. They will also have a future option to move to traditional stock exchanges like the Nasdaq or NYSE.

Superstate’s Opening Bell platform aims to modernize capital markets by offering features such as 24/7 trading, instant settlement, and global accessibility.

Thus, the platform is designed to support both existing public companies and late-stage private firms seeking more flexible access to liquidity.

SOL Strategies Makes First Bet on Superstate’s Platform

The first company to utilize Opening Bell is SOL Strategies. As a Canada-based firm focused on investing in and providing infrastructure for the Solana blockchain ecosystem, SOL Strategies is listed on the Canadian Securities Exchange (CSE) with Ticker symbol HODL

SOL Strategies plans to list its shares on the platform. This marks a significant step towards integrating traditional equity markets with blockchain technology.

Interestingly, the announcement comes after SOL Strategies acquired 122,524 $SOL on May 6.

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SOL Strategies Stock

Also Read: US Treasury Slam Senate For Blocking GENIUS Act

Can it Replace the Current Crypto Assets Trading on Blockchain

Superstate CEO Robert Leshner said in a recent interview, “Opening Bell aims to bring traditional public equities into Blockchain.”

It will allow investors to trade the publicly listed shares of equities on traditional exchanges as well as on the blockchains like Solana, Ethereum.

CEO Robert also said, “there is also an opportunity to replace the assets that are trading currently – mostly memecoins and crypto native tokens – and complement them with new asset – equity.

Indeed, this  can be a transformative shift in the kind of assets available for trade on blockchains. They’re generally memecoins and native crypto assets of the respective blockchains.

However, crypto assets like Bitcoin, Ethereum, stablecoins, DeFi tokens exist to store value. They fuel decentralized apps and protocols, collateralize loans, pay transaction fees, govern networks, etc.

While tokenized shares are ownership stakes in real‐world companies. They’re regulated just like the paper or book‑entry shares we’d buy on a traditional exchange. With Superstate’s Opening Bell, they will only now they live on‑chain.

Thus, Opening Bell isn’t designed to “wipe out” existing crypto‑asset trading. It will simply add a whole new asset class (tokenized public shares) to the same blockchains where we already trade ETH, BTC, stablecoins, etc.

Also Read: Jeffy Yu Death Controversy

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Pi Network News: Why Is Pi Coin Price Down 20% Today?

Pi Network News: Why Is Pi Coin Price Down 20% Today?

Pi Network’s native cryptocurrency Pi Coin has seen massive value erosion crashing another 20% today and slipping under $1.0. The initial euphoria around the mainnet launch seems to be fading fast as the PI cryptocurrency extends its weekly losses to more than 43%. As a result, the altcoin has dropped out of the top 20 crypto list, from the 11th spot last week.

Pi Network Euphoria Is Fading Quickly

The euphoria surrounding Pi Coin seems to be fading quickly amid the consistent delays in Binance listing plans, which has been a major hit on the market sentiment.

Another major common grievance among Pi Coin investors is the lack of a clear roadmap for the Open Mainnet launch. While other crypto projects have offered transparent timelines, Pi Network’s future plans are ambiguous. This has led to growing discussions about whether Pi is a scam. Clarifying it, Dr Altcoin, who’s been closely associated with the project said:

Clearly, there is a lack of communication and transparency from the Pi Core Team, which can lead some to misconstrue the Pi Network as a scam. However, I have been involved with the project for many years and have not found sufficient evidence to label it as such.

The analyst further stated that the Pi Core team needs to step up efforts in terms of effectively communicating with the Pi community and not leave gaps in the process.

Where Is Pi Coin Price Heading Next?

The Pi Coin price has been on a vertical fall over the past week, breaking under crucial support levels of $1.4, $1.2, and $1.0. This major correction comes ahead of the Pi token unlocking event this week.

While token unlock has been a major concern for investors, a large number of Pioneers from the Pi Network community have also been locking their PI holdings off lately.

For now, the next support for Pi Coin price stands at $0.82. Crypto market analyst Kripto Bilgi stated that the sentiment around this altcoin is very weak while predicting a fall to $0.30. Besides, a Pi price prediction also hints at a bearish phase ahead for the asset.

Source: Kripto Bilgi

Currently Developments in the Ecosystem

The recent auctioning of the .pi domains and the introduction of the domains tab in the Pi Browser has been a significant step for the Pi Network. This development aligns with its vision for a decentralized, Web3-focused ecosystem.

These .pi domains can function as digital addresses for Pi-powered websites, services, or applications, accessible through the Pi Browser or other Web3-compatible platforms.

The post Pi Network News: Why Is Pi Coin Price Down 20% Today? appeared first on CoinGape.

Shibarium Transactions Surge 27%, What’s Next for SHIB Price?

Shibarium Transactions Surge 27%, What's Next for SHIB Price?

Shibarium transactions have surged in the last 24 hours, providing a bullish outlook for the SHIB price. This development comes as crypto analyst Javon Marks predicted a 100% surge for the meme coin, which is still looking to break above the psychological $0.000020 price level.

What’s Next For SHIB Price As Shibarium Transactions Surge

Crypto analyst Javon Marks has predicted that the SHIB price could rally to the $0.00003 range. He stated that Shiba Inu is starting to respond to a large bullish divergence and a full recovery, and a bullish continuation can send the top meme coin back to this range, which would represent a surge of over 100%.

This comes as the Shibarium transactions surged in the last 24 hours, which is bullish for the meme coin. Shibariumscan data shows that the transactions surged from 2.43 million on May 1 to 3.1 million on May 2, representing a surge of just over 27%.

Shiba Inu’s burn rate also provides a bullish outlook for the SHIB price. Shibburn data also shows that the burn rate has surged by over 25,353% in the last 24 hours, with 26.3 million SHIB tokens burned during the period. Token burns are bullish, which could spark a price surge for the meme coin as demand skyrockets.

Onchain Metrics Are Still Bearish For The Meme Coin

IntoTheBlock data shows that other on-chain metrics are still bearish for the SHIB price. The Net Network Growth metric is still bearish, indicating that new users aren’t adopting the meme coin.

The ‘In The Money’ metric is also bearish. With 57% of holders currently out of the money, Shiba Inu is at risk of a sell-off, which could lead to a significant decline for the foremost meme coin.

Meanwhile, the ‘Concentration’ and ‘Large Transactions’ metrics are also bearish for Shiba Inu. This indicates that crypto whales aren’t accumulating SHIB at the moment. Whales play a major role in price rallies, and their lack of accumulation could derail any potential rally.

However, a positive for the SHIB price is the recent highlight of the SHIB pay as a permissionless, on-chain alternative to the traditional financial (TradFi) system.

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Ripple vs SEC Case End Date: When Will the XRP Lawsuit Close?

Ripple vs SEC Case End Date: When Will the XRP Lawsuit Close?

The biggest hurdle behind the XRP price slump is the Ripple vs SEC case, whose end date is approaching. A U.S. Court of Appeals has taken a significant shift in the XRP lawsuit, granting a joint motion from both parties. With that, the experts claim the end is near and the lawsuit could close anytime soon. Let’s discuss this.

Ripple vs SEC Case End Dates Near as SEC Pauses the XRP Lawsuit

According to the CoinGape blog, a U.S. Court of appeals has put a 60-day suspension on the Ripple vs SEC case proceeding. The court has granted a joint motion from both parties, which they requested last week, citing that a provisional settlement near the XRP lawsuit completion could resolve the remaining appeal.

Ripple vs SEC case end

With the proposed agreement in March, Ripple will only pay $50 million in penalties, and he rest of the $75 million will be returned to them based on the SEC and district court’s decision. However, the settlement process is delayed. Experts believe they are waiting for Paul Atkins to join the SEC Chair role before making this decision.

Ripple hurdles don’t end here; they also aim to obtain a ruling from Judge Analis Torres that can allow it to conduct a private XRP sale. This is a crucial point for Ripple’s IPO, as “without this, the next 3 years are basically zero.” It could also mark the end of the Ripple lawsuit.

XRP Lawsuit to End Before June if This Happens

Experts like James Farrell claim that the appeal could end quickly, even before June, if the SEC approves both the settlement and the indicative ruling, more importantly, if Judge Torres agrees to the modifications.

If the SEC approves both parties, then file the motion for an indicative ruling before Judge Torres. This will likely not be quick. J Caprini took 6 months for a similar one in Litovich, but J Parker only 3 weeks in Avilez on one where settlement was conditioned on vacating the ruling.

The following 60 days would act as the crucial window for this trajectory and the XRP price. However, considering the 10-year-long battle and uncertainty, things could get delayed.

Ripple vs SEC Case End Date to Drag Until 2027 if This Happens

In the event of potential timelines, a delay until 2027 is possible. Ferrel also explained that Judge Torres’s refusal could lead to the case returning to the appellate court. As a result, the Ripple vs SEC case end date could be delayed until 2027.

Assuming Torres took 6 months from motion, argument on appeal likely around July 2026, and decision in January 2027.

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