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Solana (SOL) has emerged as a standout performer, with its price doing a 10X surge. This surge in price, particularly in the aftermath of the FTX collapse, has been remarkable. This is a story of Solana's resilience but also highlights how it survived a particularly bleak crypto winter. Let's do a deep dive into the factors driving Solana's ascent and speculate on its future. Founded in 2017 by former Qualcomm engineer Anatoli Yakovenko, Solana's original vision was to challenge centralized financial systems. Developed by Solana Labs and overseen by the Swiss-based Solana Foundation, its mission is to serve as a decentralized counterpart to traditional stock exchanges. Over time, this vision has expanded to cover decentralized finance (DeFi), non-fungible tokens (NFTs), and crypto payments. Solana's mainnet went live in March 2020, leveraging a proof-of-stake mechanism complemented by a unique proof-of-history (PoH) technology. This combination enables Solana to process transactions at a theoretical peak of 710,000 transactions per second, a feat of engineering that positions it as one of the fastest blockchains in existence. Despite its decentralization, with nearly 2,000 validators, concerns have been raised about the centralization of transaction processing and storage.

The proposed rules come following the new secondary objective of the FCA “to support international competitiveness and growth over the medium to long term”.

SEBI on Tuesday announced new guidelines to strengthen the existing cyber security and cyber resilience framework for Market Infrastructure Institutions like the Stock Exchanges, clearing corporations and depositories. In a release on Tuesday, SEBI said, “With the change in market dynamics in the Indian Securities markets, the interdependence among the MIIs has seen significant increase.

not-for-profit organisations, capital markets regulator Sebi on Tuesday proposed flexibility in the regulatory framework for social stock exchanges. Under the proposal, the regulator has suggested reducing the threshold of the minimum issue size as well as application size for not-for-profit organisations (NPOs). Additionally, it has suggested abolishing the requirement of no pending notice or ongoing scrutiny by Income Tax against NPOs for registration on social stock exchanges (SSEs) and substituting the term social auditor with social impact assessor. Further, NPOs should be permitted to provide past social impact but not strictly as per the format specified by Sebi in their fundraising document, according to a consultation paper. The proposals are aimed at facilitating fundraising by NPOs. A not-for-profit organisation (NPO) is required to be registered with the SSE to raise funds.

MUMBAI — Nuvama Wealth Management, the demerged wealth management business of Edelweiss Financial Services, hopes to get listed on the bourses by mid of September, said Ashish Kehair, MD & CEO, Nuvama Group. The company has filed the application for listing with the stock exchanges, and is currently in the process of obtaining the required approvals and clearances. “We anticipate the listing of NWML shares to take place between the end of August and mid-September 2023, subject to regulatory approvals,” Kehair said in an interview with ETMarkets. Edited excerpts:What’s the status of the demerger process as Edelweiss already has NCLT approval?The demerger process was successfully completed following the approval from National Company Law Tribunal (NCLT) on April 27, 2023, which came into effect on May 18, 2023.

Reliance Industries Ltd (RIL), will be listed on Indian stock exchanges on August 21, Monday. “Trading Members of the Exchange are hereby informed that effective from Monday, August 21, 2023, the equity shares of Jio Financial Services Ltd (Formerly known as Reliance Strategic Investments Limited) shall be listed and admitted to dealings on the Exchange in the list of T Group of Securities," a notice on BSE said. Jio Financial Services listing is scheduled just a day before FTSE Russell plans to drop the stock from its indices.

tax benefits that are identical to donations made to charity trusts currently. Currently, raising money for charity is a big challenge for many NGOs. A key source of funding comes from the corporate social responsibility (CSR) spending by big firms.

Gender equality among board roles at the stock exchange firms that underpin financial markets remains low, despite the industry's commitment to ESG goals, which require fair gender representation among their boards.