The U.S. SEC approved 21Shares’ Form 8‑A (12B) for its Solana Spot ETF, officially registering it on the Cboe BZX Exchange and signaling trading could begin soon. This SEC approval has fueled bullish market sentiment, with investors debating whether Solana (SOL) can rally to $300 and set new all‑time highs.

Solana’s memecoin Pudgy Penguins (PENGU) jumped 17% as the week kicked off, rebounding alongside a broader altcoin recovery. Despite the bounce, quarterly returns sit near -7% after a sharp drawdown. On the 3-hour chart, PENGU hovered around $0.026, with Bollinger Bands narrowing as volatility cooled, the MACD flipping bullish, and the Chaikin Money Flow (CMF) near 0.01.

Solana has overtaken Ethereum in daily decentralized exchange (DEX) trading volume, signaling a notable liquidity rotation in DeFi. Data shows Solana posted $5.84 billion in 24-hour DEX volume versus Ethereum’s $5.75 billion, with nearly $137 billion processed over the last 30 days. This jump underscores Solana’s rising market share in on-chain trading as its high-throughput infrastructure attracts high-frequency traders and automated market makers.

Jupiter, Solana’s leading DEX aggregator, is launching a new Solana-based stablecoin called JupUSD in partnership with Ethena Labs, slated for mid–Q4 2025. Per the announcement, JupUSD will integrate across Jupiter’s ecosystem as collateral on Jupiter Perps, a core liquidity asset in lending pools, and a primary trading pair—positioning it as the backbone for Solana DeFi users.

VisionSys AI stock plunged as much as 57% after the company unveiled plans to build a Solana (SOL) treasury of up to $2 billion, initially targeting $500 million in SOL purchases and staking within six months via a partnership with Solana DeFi protocol Marinade Finance. Shares rebounded modestly intraday but remained sharply lower as investors weighed balance-sheet risk and execution questions around funding such a large crypto position.

Solana’s tokenized stocks ecosystem just surpassed $800 million in trading volume, flipping Ethereum’s share and capturing over 60% of a nearly $1.3 billion market. With faster, cheaper transactions and higher user activity, Solana [SOL] now leads the tokenized assets segment, while Gnosis logged ~$307M and Ethereum [ETH] trailed at ~$127M. This is a notable shift in market leadership within on-chain tokenized equities.

Solana (SOL) continues to capture Wall Street’s attention as infrastructure firm Helius successfully raised $500 million to fuel Solana-focused development and large-scale token acquisitions. The capital injection—backed by major institutional investors—signals increasing confidence in Solana’s blockchain ecosystem and its ability to compete directly with Ethereum in areas like DeFi, NFTs, and scalable dApps.

Ethereum investment products have recently faced intense selling pressure, recording over $352 million in outflows, signaling waning investor confidence in Ethereum-based funds. This sharp drop highlights growing concerns over the lack of staking yield in U.S.-listed Ethereum ETFs along with shifting market sentiment. In contrast, Solana (SOL) and XRP have emerged as standout performers, attracting capital inflows as traders seek alternative crypto assets with stronger narrat

SOL Strategies has secured Nasdaq approval to launch a Solana‑focused investment vehicle, signaling growing institutional appetite for the Solana (SOL) ecosystem. The move paves the way for major firms, including Galaxy Digital, Multicoin Capital, and Jump Crypto, to participate in a billion‑dollar Solana treasury initiative.

Shares of Sharps Technology nearly doubled after the company announced a bold $400 million crypto treasury strategy built around Solana’s native token (SOL). The medical device maker signed a letter of intent with the Solana Foundation to acquire $50 million worth of SOL via a discounted private investment deal.

Despite SOL dropping about 6% in the last 24 hours, Solana stood out with a 58% jump in daily trading volume to $5.84 billion and strong weekly performance. Capital inflows over the past week surpassed $400 million, spanning Solana-based investment products and bridged assets, even as the broader crypto market cap fell roughly 3.6%.

DeFi Development Corp (DFDV) bought another 110,000 SOL (about $22 million), lifting its Solana treasury to roughly 1,420,173 SOL valued near $273 million. The firm highlighted that its SOL Per Share (SPS) metric rose to 0.0675, reflecting increased SOL reserves backing each outstanding share and signaling stronger direct exposure for shareholders to Solana’s upside.

ARK Invest, the influential investment firm led by Cathie Wood, has selected SOL Strategies Inc. as its new Solana staking provider for the ARK Digital Asset Revolutions Fund. This move will see ARK transition its validator operations to SOL Strategies’ enterprise-grade infrastructure, which is integrated with BitGo, a leading institutional digital asset custodian.

Solana Labs and Jito Labs have been named as co-defendants in an amended federal lawsuit alleging their involvement in a $1.5 billion fraud connected to the Solana-based memecoin launchpad, Pump.Fun. The lawsuit, filed by Burwick Law in the Southern District of New York, claims that these firms were not just infrastructure providers but active participants in a scheme that included illegal gambling, wire fraud, and unlicensed money transmission.

BONK, a Solana-based meme coin, has recently challenged the prevailing narrative of a massive $741 million sell-off driven by Pump.Fun, a popular meme coin launchpad. Instead of succumbing to downward pressure, BONK has seen a significant buying spree, with the LetsBONK community capturing over 54% of the market share.

The REX-Osprey Solana Staking ETF, the first of its kind in the United States, debuted on the Cboe BZX Exchange and saw a strong start with$12 million in inflows and$33 million in trading volume on its first day.

SOL Strategies, a publicly traded Canadian company focused on the Solana ecosystem, has launched its Strategic Ecosystem Reserve (SER) initiative with an initial investment of over$100,000 in Jito (JTO) tokens. The company acquired 52,181 JTO tokens as the first asset in this new reserve, which is designed to identify, invest in, and support high-impact projects within the Solana ecosystem.

Franklin Templeton has filed for the Franklin Solana Trust in Delaware.