PANews reported on August 15th that, according to GlobeNewswire, DeFi Development Corp. (Nasdaq: DFDV) announced that it has purchased 110,000 SOL tokens at an average price of approximately $201.68, for a total value of approximately $22 million. The company currently holds approximately 1,420,173 SOL tokens and equivalents, a 9% increase from the previous value, with a total market capitalization of approximately $273 million. The SOL per share (SPS) increased to 0.0675, a 9% increase from the previous value. The newly acquired SOL tokens will be held long-term and staked. DeFi Dev Corp. also operates its own Solana validator node and continues to generate revenue through on-chain activities.

Lawmakers in the US House of Representatives and Senate met with cryptocurrency industry leaders in three separate roundtable events this week. Members of the US Congress met with key figures in the cryptocurrency industry to discuss issues and potential laws related to the establishment of a strategic Bitcoin reserve and a market structure.On Tuesday, a group of lawmakers that included Alaska Representative Nick Begich and Ohio Senator Bernie Moreno met with Strategy co-founder Michael Saylor and others in a roundtable event regarding the BITCOIN Act, a bill to establish a strategic Bitcoin (BTC) reserve. The discussion was hosted by the advocacy organization Digital Chamber and its affiliates, the Digital Power Network and Bitcoin Treasury Council.“Legislators and the executives at yesterday’s roundtable agree, there is a need [for] a Strategic Bitcoin Reserve law to ensure its longevity for America’s financial future,” Hailey Miller, director of government affairs and public policy at Digital Power Network, told Cointelegraph. “Most attendees are looking for next steps, which may mean including the SBR within the broader policy frameworks already advancing.“Read more

