Canary XRP ETF reported 212.6 million XRP, valued at about $305 million, as 
its latest holdings update followed a quarterly SEC filing. The trust’s 
disclosures showed rising token holdings, spot-only exposure, and valuation 
pressure tied to XRP’s price action. Canary XRP ETF Reports Expanded Holdings 
Canary Capital Group published holdings for Canary XRP ETF showing […]

Canary XRP ETF Reports 213 Million XRP Holdings Worth $305 Million

IG expanded UK crypto access with more than 50 additional digital assets, 
bringing its total offering above 100 tokens. The rollout follows regulatory 
approval for its crypto business and introduces swaps, advanced charting 
features, and upcoming wallet transfer support. IG Expands UK Crypto Access 
After FCA Registration The London-based trading platform IG announced on May 
[…]

Financial Giant IG Expands UK Crypto Platform to 100+ Digital Assets

India&#8217;s semiconductor ambitions gain momentum, potentially reshaping global 
supply chains and fostering technological self-reliance.
The post Tata Electronics partners with ASML to build India&#8217;s first 
semiconductor fab appeared first on Crypto Briefing.

Tata Electronics partners with ASML to build India’s first semiconductor fab

The latest shareholder letter from DeFi Development Corp., a Nasdaq-listed 
Solana treasury company, shows that its fully converted SOL per share has 
grown 108% over the past year, rising from 0.0322 on May 13, 2025, to 0.0670 
on May 13, 2026. The growth is notable because it came during a difficult 
period for Solana’s price action, particularly in the first quarter of 2026, 
where the SOL price has been struggling with bearish momentum. Related 
Reading: XRP Records Biggest Spike In Network Usage In 2 Months Solana 
Treasury Growth Shows A New Source Of Demand According to a May shareholder 
letter from DeFi Development Corp., a Solana treasury company, the company has 
more than doubled its fully converted SOL per share into 108%. The 108% growth 
highlighted by DeFi Development Corp. is based on SOL per share, a metric the 
company uses to measure how much Solana backs each fully converted share. The 
company reported 2,294,576 SOL and SOL equivalents as of May 13, 2026, with 
approximately 34.2 million fully converted shares outstanding. Interestingly, 
its fully converted SPS rose 1% from March 30 to May 13 and 108% from the same 
date last year to 0.0670 as of May 13, 2026. DeFi Development Corp. is not 
simply buying SOL and waiting for price appreciation. The company said more 
than 25% of its treasury is deployed onchain, while its validator operations 
generate about 7.5% yield compared to roughly 3.9% from staking SOL through 
Coinbase. The shareholder letter also estimated that this spread represents 
about $7.6 million in annualized incremental yield on its current treasury. 
What This 108% Growth Means For Solana Price This 108% growth in DeFi 
Development Corp.’s fully converted SOL per share shows that Solana is 
beginning to attract the same kind of corporate treasury conviction similar to 
Bitcoin and Ethereum. Bitcoin has had companies such as Strategy, Metaplanet, 
and MARA Holdings building balance sheet strategies around BTC. Ethereum has 
also developed its own treasury category, with companies like BitMine 
Immersion Technologies. DeFi Development Corp.’s strategy is built around 
accumulating SOL, staking it, deploying part of it across Solana DeFi, and 
using capital markets only when it can increase SOL exposure per share. This 
means SOL is attracting a category of demand that is more structured than 
normal spot-market buying. Interestingly, DeFi Development Corp. is one of a 
few other companies that hold SOL as their primary corporate reserve asset. 
Other companies like Forward Industries, Inc. and Upexi Inc. also have 
millions of SOL tokens on their balance sheets. Related Reading: Is Zcash The 
Next Bitcoin? Investors Rush Into The Privacy Coin Narrative This has real 
price implications for Solana, as this creates a different kind of demand 
base. Treasury companies like those mentioned above are long-term holders. 
Retail demand can disappear quickly, but corporate treasury demand is more 
structured and usually tied to long-term conviction. Featured image from Bunq, 
chart from TradingView

What Solana’s 108% Growth Means For Its Price Outlook

A16z crypto said that when US legal frameworks strike a balance between 
innovation and consumer protection, the impact tends to ripple through into 
global markets.

US CLARITY Act will be a ‘boon for domestic innovation’: A16z

India&#8217;s stock market may face reduced passive inflows and investment as AI 
hardware demand boosts Taiwan and Korea, impacting global rankings.
The post India&#8217;s stock market risks dropping out of top five as AI rallies 
boost Taiwan and Korea appeared first on Crypto Briefing.

Canary XRP ETF Reports 213 Million XRP Holdings Worth $305 Million

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