This week’s Crypto Biz explores Solana’s comeback, BlackRock funds’ growing exposure to Bitcoin, Riot Platforms’ bid for Bitfarms, Semler Scientific using BTC as a treasury reserve, and more.
The Solana blockchain has been, so far, one of the strongest performers of this bull cycle, with network activity and integrations surging despite past outages and technical challenges.
According to data from Hello Moon, the network saw a record 55 million new addresses created between March and April, thanks to the memecoin frenzy and growing activity from decentralized applications such as DePINs.
One of the latest companies to join Solana’s ecosystem is PayPal. The fintech integrated its stablecoin, PayPal USD (PYUSD), into the network on May 29, aiming to expand its utility for daily transactions.
