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Sol what?

Real estate company “couldn’t imagine a better day” to announce solana reserve plan

The CEO of Janover believes solana’s price is “a fantastic entry point.”

The crypto market is whipsawing with the rest of the market today, but this hasn’t deterred some from remaining quite bullish. Janover, an AI-powered commercial real estate company, announced its new board has adopted a treasury policy “under which the principal holding in its treasury reserve on the balance sheet will be allocated to digital assets, starting with Solana.”

The move follows a group of former employees of crypto exchange Kraken acquiring a majority ownership of Janover.

“We couldn’t imagine a better day to announce this,” CEO Joseph Onorati told Sherwood News. “Prices are down, but our conviction is high. If anything, volatility and dislocation are tailwinds for a strategy like ours.”

Solana, with a $54 billion market cap, is the seventh-largest crypto. Like the overall crypto market, it plummeted over the weekend, but has bounced up following a brief moment of market optimism that President Trump would delay tariffs (he is not). That said, the asset is down nearly 60% from its all-time high just before Trump’s inauguration.

Onorati said the company’s move emulates Strategy’s approach, but that solana “is even better suited for this than bitcoin is.”

The company raised “$42 million in an offering of convertible notes and warrants from Pantera Capital, Kraken, Arrington Capital, Protagonist, The Norstar Group, Third Party Ventures, Trammell Venture Partners, and 11 angel investors,” according to the press release.

“Almost all of the money we raise will go toward solana accumulation, Onorati said. “It’s the most compelling asset in crypto today, and at $105 it’s a fantastic entry point.”

More major TradFi and fintech players have been adopting solana, including BlackRock, which recently expanded its $1.7 billion BUIDL fund to solana. Meanwhile, PayPal and Venmo announced last week they would be adding support for solana.

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$82B

Crypto money laundering activity totaled more than $82 billion in 2025, more than 8x higher than 2020’s figure of $10 billion, according to a Tuesday report published by crypto analytics firm Chainalysis. Chinese-language networks dominated the ecosystem, accounting for roughly 20% of the illicit activity, or $16.1 billion, last year:

“Compared to other laundering endpoints, since 2020, inflows to identified CMLNs [Chinese-langugage money laundering networks] grew 7,325 times faster than those to centralized exchanges, 1,810 times faster than those to decentralized finance (DeFi), and 2,190 times faster than intra-illicit on-chain flows.”

Tom Keatinge, director at the Centre for Finance & Security at security think tank Royal United Services Institute, told Chainalysis that the rapid development of Chinese-language networks is an “an unforeseen consequence” of China’s imposition of capital controls.

“Wealthy individuals seeking to move money out of China and evade these controls provide the impetus and liquidity pool needed to service organized crime groups based in the West,” he noted.

Keatinge told Chainalysis, “The professional enablers of this capital flight provide the services necessary to match these two independent yet mutually beneficial needs.” 

Chinese-language networks offer six primary money movement techniques to clean dirty money, which include recruiting individuals to rent out their financial identities, selling illicit cryptocurrency at a discounted rate, and obscuring fund origins through multiple transactions. 

Overall, this Chinese ecosystem processed nearly $44 million per day last year. 

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Avalanche joins class of cryptocurrencies with at least one ETF

Investment management company VanEck on Monday introduced the first exchange-traded fund offering spot exposure to AVAX, the native token for the Avalanche blockchain and the latest cryptocurrency with an ETF. 

The new investment vehicle also aims to provide staking rewards for holders, according to the press release. AVAX, which has seen over $354 million in trading volume in the last 24 hours, is up slightly today. The token is trading at $11.70 as of 1:20 p.m. ET, a far cry from its all-time high of $144.96 in 2021. 

The nascent VanEck fund joins a group of its crypto-specific ETFs, including the firm’s bitcoin ETF, with $1.4 billion in total assets; its ethereum ETF, which holds $147.5 million; and its solana ETF, with assets totaling $27.9 million.

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Ethereum treasury firm ETHZilla acquires two aircraft engines (!?!?) in tokenization push

ETHZilla, known for its ethereum treasury, formed a new subsidiary and purchased aerospace equipment in a bid to boost the company’s tokenization efforts. 

The treasury firm, through its nascent subsidiary ETHZilla Aerospace LLC, “acquired two CFM56-7B24 aircraft engines, together with all parts, engine records and engine stands” for $12.2 million from Avean Engine Solutions, according to an 8K filing on Friday with the US Securities and Exchange Commission. 

The two aircraft engines are subject to lease agreements with a major airline, which were assigned to ETHZilla as part of the acquisition, the filing stated.

The firm’s top priority in 2026 is growing its real-world asset tokenization business and is keen on rolling out RWA tokens in the first quarter, an ETHZilla representative told Sherwood News at the beginning of the year. 

ETHZilla’s acquisition of two aircraft engines is part of this tokenization road map, which aims to bring real-world assets from high-value vertical markets, such as aerospace, maritime, and heavy equipment, on-chain. 

“In the heavy equipment market, we will initially focus on aerospace assets such as aircraft engines and airframes to tokenize,” ETHZilla Chairman and CEO McAndrew Rudisill said in his shareholder letter from December. “This represents a large, growing market with quality high-yielding assets, and we believe it is a very attractive space for tokenization.” 

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