Solana (SOL) is leading the market surge, approaching $210 as it outpaces other major cryptocurrencies. Concurrently, U.S. regulators are providing clearer pathways for crypto adoption, with the SEC and CFTC issuing updated guidance. Institutional interest remains robust, with a notable strategy acquiring $449 million in Bitcoin. Japanese investment firm Metaplanet plans to raise $3.8 billion via preferred stock to bolster its Bitcoin holdings, while BMNR has purchased an additional 17,000 ETH, bringing its weekly total to 39,000 ETH.
Ethereum ecosystem developments include ETHZilla allocating $100 million to ETH through EtherFi, though the Ethereum Foundation’s planned sale of 10,000 ETH introduces potential selling pressure. ETH staking demand is evident, with entry queues reaching a two-year high. In other moves, CEA invested $33 million in BNB, and Figure Technologies aims to raise $526 million in an upcoming IPO, with Gemini contributing up to $361 million.
Tokenized real-world assets (RWAs) are gaining traction. SmartGold has launched a $1.6 billion tokenized gold product for U.S. IRAs, and Hong Kong’s Fosun tokenized $328 million of equities. ONDO leads altcoins with the announcement of over 100 tokenized stocks. Coinbase is expanding derivatives offerings with a Magnificent Seven plus Crypto index futures product, highlighting growing integration between traditional and digital markets.
