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.