Solana surges 12% after Charles Schwab adds SOL to its crypto trading platform

The day had a clear story: Charles Schwab — one of the largest retail brokerage platforms in the United States, with roughly 35 million active accounts — announced it will add Solana, Avalanche, and Chainlink to its crypto trading offering. For assets that have historically depended on crypto-native exchanges for distribution, landing on Schwab is a meaningful expansion of who can buy them with minimal friction. Solana responded with a 12.43% gain, Chainlink climbed 5.49%, and XRP added 5.44% as the broader altcoin market caught a bid alongside them. The Schwab news wasn't the only tailwind. DeFi Development Corp, a publicly traded company, resumed buying Solana directly — acquiring nearly 20,000 SOL — adding a corporate treasury demand signal on top of the distribution news. Bitcoin's 2.97% rise to $80,772 had a different driver: markets are positioning ahead of Fed Chair Kevin Warsh's speech at Jackson Hole, with traders watching for any signal on the pace of interest rate changes. A more accommodative tone from the Fed would generally be read as supportive for risk assets including crypto. BlackRock's head of digital assets also publicly reaffirmed the firm's view that Bitcoin's role as a long-term store of value — a hedge against currency debasement rather than a risk-on trade — is the thesis that holds up over time. That kind of institutional endorsement doesn't move markets on its own, but it reinforces the backdrop against which Bitcoin is consolidating above $80,000.

• –Moonwell, a lending protocol on Coinbase's Base network, is investigating a suspected multimillion-dollar exploit flagged by security firms — no funds have been confirmed lost yet, but the incident adds to a pattern of DeFi lending vulnerabilities.
• –BlackRock's head of digital assets said publicly that Bitcoin's 'risk-off' narrative — the idea that BTC functions as a store of value rather than a speculative asset — is the long-term thesis he finds most credible, as BTC consolidates near $80,000.
• –MoonPay launched an AI-agent crypto lending integration built on Solana, adding to the ecosystem momentum that contributed to SOL's double-digit gain today.