According to @MilkRoadDaily, Sol Strategies (@solstrategies_) has been approved to list on Nasdaq under the ticker STKE, with trading scheduled to begin Sept 9 (source: @MilkRoadDaily). According to @MilkRoadDaily, the company is backing the listing with a $500M facility to buy and stake SOL directly on its validators (source: @MilkRoadDaily). According to @MilkRoadDaily, this is described as the first pure-play Solana company to list on a U.S. exchange (source: @MilkRoadDaily). For traders, the named catalysts are the Nasdaq start date for STKE and the stated size and purpose of the SOL staking facility (source: @MilkRoadDaily).

According to @moonshot, Solana's SOL token experienced significant volatility, dropping 7.87% to $147.07 after hitting an intraday low of $142.13. This price action contrasts with a bullish forecast from Standard Chartered's Global Research team, which initiated coverage with a $275 year-end price target for SOL, citing its network speed and efficiency as core differentiators. From a technical perspective, the report notes that buyers defended support around the $143 level, with key resistance now sitting at $152. On the corporate front, digital asset firm SOL Strategies has filed with the U.S. SEC to list its shares on the Nasdaq under the ticker STKE, a move that could grant it access to the world's largest economy. This development follows a recent acquisition of 122,524 SOL by the firm, and analysts at Cantor Fitzgerald noted that companies investing in Solana may benefit from the token's growing adoption in the financial industry.