Solana gets another treasury firm: BIT Mining Limited

Crypto mining company BIT Mining is shifting its focus to Solana, “marking a critical milestone in the company’s long-term growth trajectory,” according to a Thursday press release.

Shares of BIT Mining surged on the news, climbing as high as $10.88 before settling at around $5 as of 11:30 a.m ET, a 100% surge from yesterday. Solana has increased roughly 2% in the last 24 hours.

BIT Mining plans to raise up to $300 million in phases to accumulate solana tokens, convert its existing crypto holdings to solana, and run validator nodes to generate on-chain staking rewards.

Solana is “one of the most dynamic and promising ecosystems in the blockchain space,” BIT Mining CEO Xianfeng Yang said in a statement. “This strategic move reflects our commitment to staying adaptive and responsive in an ever-evolving industry.”

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Sage D. Young

10h

Standard Chartered predicts ethereum will more than double this year

The investment bank thinks the prospects for ethereum have improved, citing BitMine’s continued buying, stablecoin adoption, the plan to increase the network’s throughput, and the passage of crypto-focused legislation.

Fortune Teller Looking in a Crystal Ball

Yaël Bizouati-Kennedy

Bitcoin bulls

14h

Standard Chartered still sees bitcoin hitting $150,000 in 2026

The firm expects bitcoin to hit a new all-time high in the first half of the year, and predicts the asset will hit $500,000 in 2030.

Sage D. Young

1/9/26

Polygon’s token leads early gains on Friday, nearing a 2-month high

Transaction fees, which are paid in the network’s native token and also burned, have reached record levels.

Yaël Bizouati-Kennedy

1/9/26

Analysts see “signs of stabilization” for bitcoin ETFs, previous crypto position reduction “behind us”

Bitcoin ETFs have seen over $1.1 billion leave the funds in the past three days, but the worst may be over, JPMorgan analysts say.

Sage D. Young1/8/26

Trump-connected WLFI token jumps to 3-month high on news of banking application

World Liberty Financial’s token, WLFI, is the top cryptocurrency gainer in the last 24 hours, peaking at a three-month high of 18.5 cents after the Donald Trump-backed crypto firm announced that a proposed entity has applied for a US banking charter.

According to a press release, World Liberty Trust Company filed a de novo application with the Office of the Comptroller of the Currency, a branch of the US Treasury Department tasked with supervising and regulating national banks.

With a national trust bank charter, World Liberty Trust can issue USD1, the dollar-backed stablecoin rolled out by World Liberty Financial last year. The trust company also plans to offer digital asset custody and stablecoin conversion services.

Even though World Liberty Financial and World Liberty Trust Company share similar branding and names, the ownership and operating structures are different, a statement provided to CoinDesk explained. President Trump is labeled as World Liberty Financial’s cofounder emeritus, while his three sons, Eric, Donald Jr., and Barron, are cited as cofounders.

The Office of the Comptroller of the Currency under the Trump administration has already approved bank charter applications from several firms, including Circle Internet Group, Ripple, and BitGo, which maintains all reserve assets backing USD1.

Exclusive | World Liberty, Flagship in Trumps’ Crypto Fleet, Seeks a U.S. Banking License

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