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Crypto

Solana jumps above $112 as BSOL volume tops $85 million

Solana rose to $112, gaining about 11 percent in a day and marking its highest level since January. Bitwise’s Solana staking ETF, BSOL, climbed 12.04 percent to $15.54, with trading volume already at $85 million. Derivatives indicators strengthened, with futures open interest near $7 billion and $38.21 million in liquidations, mostly from short positions. Futures trading outweighed spot activity, underscoring leverage.

Crypto

BNP Paribas issues tokenised money market fund units on public blockchain

BNP Paribas Asset Management has issued units of a France-registered tokenised money market fund using the Ethereum blockchain, The Block reported on Feb. 20. The issuance was done through BNP Paribas\' AssetFoundry platform. Holding and transferring the tokenised units is allowed only for authorised eligible participants under regulatory requirements. BNP Paribas Securities Services acts as transfer agent and dealer, with the project described as a one-off internal test in a controlled regulatory environment.