Solmate to Buy RockawayX in All-Stock Deal to Build $2B Institutional Solana Giant

MoneyGram has partnered with Fireblocks to enhance its global payment systems by integrating stablecoins, aiming to improve transaction speed, reliability, and cost-effectiveness. This collaboration marks a significant step in modernizing MoneyGram's payment infrastructure.

Solana has rebounded above the $140 mark following a significant sell-off, with the SOL price recovering from below $130. This resurgence is attributed to strong demand from institutional investors and the launch of new Solana-based Exchange-Traded Funds (ETFs). The market is also witnessing increased interest in Remittix, which is being viewed as a potential leader in the next wave of cryptocurrency adoption.

Solmate has announced its intention to acquire RockawayX, aiming to establish a $2 billion powerhouse within the Solana ecosystem. This acquisition reflects a growing institutional confidence in Solana, which is expected to accelerate the development and adoption of its blockchain technology.

The CoinDesk 20 index has reported a decline, with Hedera's native token HBAR falling by 3.9%. This downturn reflects a broader negative trend in the cryptocurrency market, where most assets are experiencing losses. The index's performance indicates ongoing volatility and investor caution in the crypto space.

XRP exchange-traded funds (ETFs) have extended their record inflow streak to 13 consecutive days, approaching the $1 billion milestone, reflecting a significant surge in institutional interest in the cryptocurrency. This trend indicates a growing confidence among investors in XRP's market potential.

Solana (SOL) is currently retesting the $140 resistance level after a recent market rebound, having fluctuated between $120 and $144 since mid-November. Analysts are divided, with some predicting a short-term rally while others point to signs of weakness, particularly after a drop to $123 following a market correction.

Solana Mobile is set to launch its native token, SKR, in January 2026, directly linking it to the Seeker smartphone and its expanding app ecosystem. This initiative aims to enhance user engagement and create a unique value proposition for the Solana platform.

The cryptocurrency market is currently focused on Ether, with significant trading activity noted in Ether options, particularly $6,500 strike bets dominating the open interest on Deribit. This surge in interest reflects traders positioning themselves amid ongoing market volatility.