$0 Dogecoin Short Liquidations, Big Twist for DOGE Rebound

SOL Strategies, a publicly-traded Canadian company unlocking opportunities for getting the exposure to the Solana ecosystem without holding or staking SOL, shared details of its upcoming launch on NASDAQ.

SOL Strategies officially goes public in U.S., STKE trading commences Sept. 9

According to an official statement by its team, SOL Strategies, a publicly-traded company focused on introducing the Solana ecosystem to TradFi, will come to NASDAQ. The company's shares will be listed under the STKE ticker.

SOL Strategies' STKE shares will be available on NASDAQ from the trading session opening Tuesday, Sept. 9, 2025.

The company's shares will still be available on Canadian Securities Exchange (“CSE”) under the symbol “HODL.” At the same time, the company will sunset trading of its CYFRF shares on the over-the-counter market OTCQB. All such shares will be automatically converted to NASDAQ's ones.

Introducing the new listing to investors and the community, SOL Strategies CEO Leah Wald expands on why this listing is important to the entire Solana scene:

This Nasdaq listing represents more than just an achievement for SOL Strategies, it’s validation for the entire Solana ecosystem. As a leading Solana-focused company to reach this milestone, we’re proud to demonstrate the institutional quality and growth potential that exists within this high-performance blockchain ecosystem. Our listing opens new pathways for institutional capital to access Solana infrastructure through regulated and transparent markets

The company expects the NASDAQ listing to accelerate validator growth through institutional partnerships and cement SOL Strategies' position as a gateway to Solana's segment for TradFi liquidity.

First spot SOL ETF with staking kicks off in Kazakhstan

Formerly known as Cypherpunk Holdings, SOL Strategies has been active in the crypto treasuries segment since 2019. The company went all in on Solana in 2024 after a profound rebranding, but still holds 23 BTC on its balance as per Bitcoin Treasuries.

The interest in SOL-based institutional solutions is accelerating across the globe. Yesterday, Sept. 5, 2025, the first-ever Solana ETF with staking went live in crypto-friendly Kazakhstan.

Fonte Capital’s SETF has been officially listed on Astana International Exchange (AIX). The asset provides TradFi capital with regulated exposure to SOL with staking yield and BitGo-backed cryptocurrency custody solutions.

World Liberty Financial W, a crypto project linked to the Trump family, is under fire for freezing hundreds of investor wallets. The move has sparked debate over fairness, trust, and how crypto projects balance security with investor rights.

Developer Alleges Funds Unlawfully Frozen

Bruno Skvorc, a devrel at Polygon, has accused WLFI of stealing his money by refusing to unlock his tokens. He shared an email from WLFI’s compliance team, which flagged his wallet as “high risk” due to blockchain exposure.

“TLDR is, they stole my money, and because it’s the @POTUS family, I can’t do anything about it. This is the new age mafia. There is no one to complain to, no one to argue with, no one to sue,” he shared on X. 

Skvorc explained that he and five other investors had their tokens locked from day one, with none of the promised 20% unlocks delivered. He pointed out the unfairness of WLFI accepting his investment but later blocking his wallet under the label of “high risk.”

The flags on his account came from three sources:

• 40 ETH he had moved through the crypto mixer Tornado Cash
• Indirect exposure to sanctioned platforms such as Garantex and Netex24
• An interaction with a dashboard later classified as a scam

ZachXBT Flags Flawed Compliance Tools

On chain investigator ZachXBT explained that most “high risk” flags are often wrong. 

In an example, he shared that a team preparing a presale relied on these tools, which flagged some addresses as risky. But after manually reviewing them, Zach found that certain exchanges or smart contracts were incorrectly labeled, and some addresses were flagged simply because they were “8 hops away” from a risky address. 

While Zach said WLFI was right to take compliance seriously, he warned that relying too heavily on flawed tools could harm its credibility. He also suggested that Skvorc’s tokens might be restored if his wallet was flagged in error.

WLFI Defends Wallet Blacklisting

World Liberty Financial W defended blacklisting hundreds of wallets, including Justin Sun’s, saying the move aimed to protect users and not to silence normal trading. 

Of the 272 blacklisted wallets, about 215 were linked to phishing and 50 had been compromised through support channels.

However, Sun clarified that his wallet activity involved only small test deposits and internal transfers, with no buying or selling, so it couldn’t have affected the market. He also shared that his tokens were frozen despite being an early investor and supporter of World Liberty Financial. 

Sun emphasized that all investors should have equal rights, called tokens “sacred and inviolable,” and urged WLFI to unlock his tokens.

The stability in Dogecoin’s price outlook over the past day has also extended to its futures market as DOGE’s open interest across all supported crypto exchanges shows no visible movement.

According to data from CoinGlass, speculative activities surrounding the leading meme coin slowed down on Sept. 6 as the market has DOGE show a slight decline of 0.13% in its open interest over the last 24 hours.

15,650,000,000 DOGE remain unmoved

While the market has seen the market price of leading cryptocurrencies, including meme coins, experience a notable rebound to their previous highs, momentum appears to be on pause as speculative activities across the broad crypto market appear to be slowing down.

With the market showing signs for deeper price plunges, DOGE investors have shown resilience as they appear to have not made any notable exits from the derivatives market despite the fading momentum.

According to data provided by the source, the amount of DOGE committed to its futures market still stands close to $16 billion. With the total amount of all unsettled futures contracts placed on Dogecoin still worth about 3.36 billion as of press time, it appears that investors are still positive about the future price outlook of Dogecoin.

Although the metric shows a slight decline in the last day, DOGE’s open interest still suggests unwavering confidence among investors as only a few futures contracts have been closed during the period despite the negative price action.

The data further shows that the renowned cryptocurrency exchange Gate holds the highest amount of outstanding DOGE futures contracts opened across its broad derivatives market. Out of the total futures contracts opened during the day, the outstanding contracts yet to be settled on Gate stand at over $878 million.

While Binance also appears to be carrying most of DOGE’s bullish investors, it accounts for 19.65% of the total DOGE open interest registered in the past day, sitting decently at $658.38 million.

The stable movement in DOGE’s futures market has fueled curiosity among investors as they continue to question the possibility of a potential rebound in the price of the leading meme coin as this may be signaling the start of a bear season.

While market participants appear to be optimistic for a possible recovery in the price of Dogecoin, the bigger question remains on the possibility of another price breakout before the bull season finally wraps up.