Solana (SOL) has reclaimed momentum among major cryptocurrencies, climbing to $211 and demonstrating robust outperformance in the digital asset market. This rally coincides with significant regulatory and institutional developments shaping the ecosystem. U.S. agencies, including the SEC and CFTC, have issued new guidance aimed at clarifying frameworks for crypto adoption, fostering a more predictable environment for investors.
Institutional activity remains exceptionally strong. A prominent investment strategy allocated $449 million to Bitcoin, while Japanese firm Metaplanet announced plans to raise $3.8 billion via preferred stock issuance explicitly to purchase BTC. On the Ethereum front, BMNR acquired an additional 17,000 ETH, bringing its weekly total to 39,000 ETH. Meanwhile, ETHZilla committed $100 million to be deployed through EtherFi, even as the Ethereum Foundation disclosed plans to sell 10,000 ETH. Notably, the ETH staking entry queue has reached a two-year high, signaling intense network participation.
Further underscoring the trend toward tokenization, Hong Kong’s Fosun has tokenized $328 million worth of stocks, and ONDO is leading altcoins with plans to introduce over 100 tokenized equities. In traditional finance, Figure Technologies is pursuing a $526 million IPO, and Coinbase is set to launch new index futures tracking both the Magnificent Seven stocks and major cryptocurrencies.
