**Solana** (SOL) has seen a significant rise in price, gaining over 16% in the past week. This surge is attributed to the recent applications for **spot ETFs** tracking Solana's price in the US. **VanEck** and **21Shares** have filed applications with the SEC, following the success of **Bitcoin** (BTC) and **Ethereum** (ETH) spot ETFs. Solana's trading volume has also jumped 50%, making it the third most traded cryptocurrency, excluding stablecoins. The potential for **Solana spot ETFs** in the US market is driving this bullish momentum.

Solana (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/sol/usd">SOL</a>) is on the ascendancy amid fresh applications for the first-ever exchange-traded funds tracking the coin&#039;s spot price in the U.S.
What Happened: The fifth-largest digital asset by market cap spiked 6.4% in the last 24 hours, exceeding the gains of Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) and Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>).&nbsp;
Solana&#039;s trading volume jumped 50% to $1.68 billion, becoming the third-most traded cryptocurrency, excluding stablecoins, in the last 24 hours.
See Also:<a href="https://www.benzinga.com/markets/cryptocurrency/24/06/39359780/dogecoin-shiba-inu-floki-are-dino-coins-says-trader-he-likes-these-3-other-meme-coins-as-b?itm_source=parsely-api"> ...</a><a href=https://www.benzinga.com/markets/cryptocurrency/24/06/39567061/solana-soars-16-over-7-days-outpacing-bitcoin-and-ethereum-over-etf-application-momentum-m alt=Solana Soars 16% Over 7 Days, Outpacing Bitcoin And Ethereum Over ETF Application Momentum — More Applications To Follow?>Full story available on Benzinga.com</a>

Loading...Loading...Solana SOL/USD is on the ascendancy amid fresh applications for the first-ever exchange-traded funds tracking the coin's spot price in the U.S.What Happened: The fifth-largest digital asset by market cap spiked 6.4% in the last 24 hours, exceeding the gains of Bitcoin BTC/USD and Ethereum ETH/USD. Solana's trading volume jumped 50% to $1.68 billion, becoming the third-most traded cryptocurrency, excluding stablecoins, in the last 24 hours.See Also: ‘Rich Dad Poor Dad’ Author Robert Kiyosaki Questions Bitcoin ETFs’ Authenticity: ‘ETFs Are Fake Gold, Silver, Or Bitcoin’Solana’s weekly gains increased to 16.59%, one of the strongest among large-cap cryptocurrencies. Why It Matters: The latest bullish impetus has been provided by applications for spot ETFs for Solana. After VanEck kicked off the race last week by becoming the first asset manager to file for such an investment avenue in the U.S., 21Shares followed suit with its application with the SEC.Spot cryptocurrency ETFs in the U.S. have been broadly successful, with Bitcoin BTC/USD recording a 36% jump in price after its funds started trading in early January. Ethereum ETH/USD is also days away from getting listed in U.S. exchanges, pending approval from the SEC. Price Action: At the time of writing, SOL was exchanging hands at $147.55, surging 6.4% in the last 24 hours, according to data from Benzinga ProRead Next: SEC Files Lawsuit Against Consensys Over Unregistered Brokerage ActivitiesMarket News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Solana Soars 16% Over 7 Days, Outpacing Bitcoin And Ethereum Over ETF Application Momentum — More  Applications To Follow?

Solana Surges 16% on ETF Application Momentum

**Bitcoin** has surged to an unprecedented **all-time high above $123,000**, marking a significant milestone as the **House of Representatives gears up for 'Crypto Week'**. This event is set to discuss pivotal **crypto regulatory bills**, potentially offering the **digital assets industry** the **regulatory clarity** it has been seeking.

### The Rise of Bitcoin
Investors' optimism has propelled **Bitcoin** beyond the **$120,000** threshold for the first time, achieving a **28.5% year-to-date gain**. This rally is attributed to the anticipation of **regulatory advancements** and the **weakness of the U.S. dollar**, which is near its lowest in three years.

### Legislative Momentum
**Republicans** are leading the charge with several **crypto-related bills**, including the **GENIUS Act**, aimed at establishing **federal regulatory rules** for **dollar-denominated stablecoins**. This act would define **payment stablecoins** and set **licensing procedures** and **reserve requirements** for issuers.

![Bitcoin medals](https://a57.foxnews.com/static.foxbusiness.com/foxbusiness.com/content/uploads/2023/02/931/523/Bitcoin.jpg?ve=1&tl=1)

### Political Backing
The **Trump family** has ventured into the **crypto space**, launching **World Liberty Financial** and a **meme coin**, aligning with **Donald Trump's** vision to make the U.S. the **"crypto capital of the world"**.

![Former President Trump bitcoin conference](https://a57.foxnews.com/static.foxbusiness.com/foxbusiness.com/content/uploads/2024/07/931/523/Donald-Trump-bitcoin-conference.jpg?ve=1&tl=1)

### Market Implications
Analysts suggest that the **consideration of crypto bills** could further fuel **Bitcoin's rally**, providing a **tailwind** to its current upward trajectory. The **Digital Asset Market Clarity Act** and the **Anti-CBDC Surveillance State Act** are among the key legislations under review.

Bitcoin reached all-time high above $123,000 as the House of Representatives prepares crypto regulatory bills during "Crypto Week" in Washington, D.C.

Bitcoin Shatters Records at $123K as Washington Embraces 'Crypto Week'

## **Semler Scientific: A High-Leverage Bitcoin Proxy**

Semler Scientific (NASDAQ:SMLR) has emerged as a **high-leverage Bitcoin proxy**, trading near its Bitcoin Net Asset Value (NAV). This makes it an appealing option for **BTC bulls** looking for leveraged exposure to Bitcoin's price movements without directly holding the cryptocurrency.

### **Semler's Bitcoin Holdings and Strategy**

As of now, Semler holds **4,636 BTC**, valued at approximately **$550 million** with Bitcoin priced at **$118,600 per coin**. This marks a **45% increase** from the 3,192 BTC held in March. The company has financed these acquisitions through:
- **$24.4 million** in free cash flow from its QuantaFlo device.
- Proceeds from **ATM share offerings**.
- **$100 million** in 4.25% convertible senior notes issued in Q1.

Semler aims to hold **105,000 BTC by the end of 2027**, positioning itself as a significant player among Bitcoin Treasury Companies.

### **Convertible Debt: A Smart Move for Shareholders**

The company's **$100 million convertible notes** are a strategic tool to increase Bitcoin per share. These notes, with an initial conversion price of **$76.44/share**, allow noteholders to convert debt into equity if SMLR's stock rises above this level. This strategy effectively **reduces dilution** and increases Bitcoin exposure per share.

### **Why Semler Remains a Bargain**

Despite its potential, Semler trades just above its **BTC NAV of $550 million**, with a market cap of **$623 million**. This means investors are paying **$173 million** for the rest of the company and its debt, valuing the core business at **7x FCF** based on last year's **$24.4 million in free cash flow**.

### **Risks to Consider**

- **Bitcoin price volatility**: A drop in BTC prices could strain Semler's leveraged balance sheet.
- **Core business pressures**: Revenue dropped **27% YoY** in Q1 due to reduced purchases from a major customer.

### **Final Thoughts**

For **Bitcoin believers**, Semler offers a **leveraged play** on BTC's upside with the added benefit of a **discounted core business**. The company's disciplined accumulation and creative financing make it a **compelling investment** for those bullish on Bitcoin's future.

Semler Scientific remains a high-leverage Bitcoin proxy, trading near BTC NAV. Click here to find out what makes SMLR stock appealing for BTC bulls.

Semler Scientific: The Hidden Gem for Bitcoin Bulls Seeking Leveraged Exposure

## **Bitcoin Hits New Highs as Asia-Pacific Markets React to Tariff Threats**

In a surprising turn of events, **Bitcoin** has reached new highs, capturing the attention of investors worldwide. This surge comes as **Asia-Pacific markets** trade mixed, with investors closely monitoring **Trump's latest tariff threats** and a slew of economic data from the region.

### **Key Economic Data in Focus**
Investors are keeping a close watch on several critical data points, including:
- **India's inflation reading for June**
- **Singapore's second quarter growth rate**

These indicators are pivotal in understanding the broader economic landscape and its potential impact on **cryptocurrency markets**.

### **Bitcoin's Remarkable Rally**
Amidst the market's volatility, **Bitcoin** has demonstrated resilience and strength, achieving new highs. This performance underscores the growing interest in **cryptocurrencies** as both a hedge against traditional market uncertainties and a standalone investment asset.

### **What This Means for Investors**
The current market scenario presents a unique opportunity for investors to reassess their portfolios. With **Bitcoin's** upward trajectory and the mixed signals from traditional markets, the debate on the role of **digital assets** in investment strategies is more relevant than ever.

Investors will be keeping a close watch on a slew of data points today, including India's inflation reading for June and Singapore's second quarter growth rate.

Bitcoin Soars to New Heights Amidst Global Market Uncertainty

**A Reddit debate sheds light on a common crypto conundrum:** Is deep technical understanding necessary for crypto investment success, or is belief in digital scarcity sufficient?

A Reddit user shared their story of receiving a $6,000 Bitcoin gift years ago, now valued at over $13,000. Despite the impressive growth, the investor admits to not fully grasping the monetary value of cryptocurrencies. This revelation sparked a vibrant discussion on whether to cash out for immediate needs or hold for potential future gains.

**Key Arguments from the 'Hold' Camp:**
- **Bitcoin's scarcity** is highlighted, with a hard cap of 21 million coins and an estimated 5-6 million already lost forever.
- Positioned as **"digital gold"**, Bitcoin offers a decentralized alternative to traditional fiat currencies, immune to government monetary policies.
- Historical performance shows Bitcoin **outperforming traditional assets** over time, suggesting holding could yield greater returns.

**The 'Sell' Perspective:**
- Advocates for selling emphasize the importance of **maximizing retirement contributions** and the benefits of tax-advantaged accounts over volatile crypto investments.
- The **opportunity cost** of holding onto Bitcoin, given its volatility, is a significant consideration for those with immediate financial needs or goals.

This debate underscores the **philosophical divide** within the crypto community, balancing between the allure of Bitcoin's potential and the pragmatism of traditional financial planning.

A Reddit debate reveals the eternal crypto dilemma: Is understanding the technology essential for investment success, or can faith in digital scarcity be enough? When a Reddit user recently shared their dilemma about a gifted Bitcoin investment that ...

From $6K to $13K: The Bitcoin Dilemma - To Cash Out or Double Down?

**SunnyMining** has officially launched a groundbreaking **Bitcoin (BTC) cloud mining service**, offering **completely free BTC mining contracts** to users worldwide. This innovative platform also introduces its **official mobile app**, available for both Android and iOS, heralding a new era of accessible and efficient blockchain income.

### **Free BTC Contract Plan: Bitcoin for Everyone**
Gone are the days of high upfront costs and technical barriers to Bitcoin mining. SunnyMining's **free BTC cloud mining contract plan** democratizes access to Bitcoin earnings:
- **New users receive a free BTC contract upon registration**
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- **SunnyMining covers all hashrate scheduling, power, and maintenance costs**

### **Official Mobile App: Mining on the Go**
The SunnyMining app puts full control of your mining operations and assets right at your fingertips. Users can:
- View real-time contract status and daily mining rewards
- Manage account balance and computing power allocation
- Participate in referral programs and airdrop campaigns

### **AI and Green Energy: The Future of Mining**
SunnyMining leverages **AI-driven smart hashrate scheduling** and **global green energy nodes** to ensure efficient, sustainable mining operations. This approach not only optimizes mining efficiency but also minimizes environmental impact.

### **Start Mining in 3 Simple Steps**
1. **Register an account** with one-click email signup
2. **Claim your free BTC contract** and start mining instantly
3. **View and withdraw earnings** daily in USDT or other supported assets

**SunnyMining** is committed to making blockchain rewards accessible to everyone, with a vision for a **low-barrier, transparent, and sustainable global decentralized mining network**. Join users from over 100 countries and start earning Bitcoin today—**zero cost, zero hassle!**

Chicago, IL, July  13, 2025  (GLOBE NEWSWIRE) -- Global leading crypto cloud mining platform SunnyMining has officially launched a new Bitcoin (BTC) cloud mining service, offering completely free BTC mining contracts to users worldwide. Alongside this launch, the platform has released its official mobile app, available for both Android and iOS, marking a new era of low-barrier and high-efficiency blockchain income.

Solana Surges 16% on ETF Application Momentum

Summary:

Solana (SOL) has risen over 16% in the past week.

The surge is driven by applications for Solana spot ETFs in the US.

VanEck and 21Shares have filed applications with the SEC.

Solana's trading volume has increased by 50%, making it the third most traded cryptocurrency, excluding stablecoins.

The potential for Solana spot ETFs is fueling this bullish trend.

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Bitcoin Shatters Records at $123K as Washington Embraces 'Crypto Week'

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Other Latest News

Bitcoin Shatters Records at $123K as Washington Embraces 'Crypto Week'

Semler Scientific: The Hidden Gem for Bitcoin Bulls Seeking Leveraged Exposure

Bitcoin Soars to New Heights Amidst Global Market Uncertainty

From $6K to $13K: The Bitcoin Dilemma - To Cash Out or Double Down?

Unlock Free Bitcoin Daily: SunnyMining's Revolutionary Cloud Mining App Now Live!