Track market-moving stories before they get noisy

Bonk.fun’s April Fools Joke Targets Israel, Sparks Debate

3 Meme Coins Set to Lead the Altcoin Season as Mania Hits 80%

The crypto market is moving through uneven momentum as different narratives compete for attention. Toncoin remains tied to its messaging-based ecosystem and steady network usage. Shiba Inu continues to rely on strong community participation and periodic meme-driven cycles across retail sentiment shifts. Bonk Coin tracks closely with Solana activity, often reacting quickly to broader ecosystem moves.

BlockDAG is drawing increased focus due to its now live Legacy Sale offering BDAG at a $0.00000044 price and a buyback program allowing holders to sell coins at $0.001 per coin. This is where the next big crypto discussion intensifies, as direction splits across utility, community, and sentiment-led assets. BlockDAG currently sits within a more active participation cycle compared to its peers.

1. BlockDAG: Live Legacy Sale Drives Buyback Program Access Table of Contents

1. BlockDAG: Live Legacy Sale Drives Buyback Program Access2. Toncoin: Price Holds Near $2 Range Stability3. Shiba Inu: Market Driven by Social Sentiment4. Bonk Coin: Volatility Driven by Solana SentimentThe Bottomline The Legacy Sale is now live, allowing participants to access the Buyback Program through their dashboard after purchase by selecting “Sell Coins.”

There are two participation routes. Legacy Sale buyers can register their BDAG in the dashboard for the Buyback Program with no swap required. Existing holders may also participate by acquiring BDAG via BDAG SWAP at a discounted rate and sending tokens to the designated buyback wallet, subject to a daily submission cap per wallet.

Eligible BDAG submitted under the Buyback Program will be repurchased, with payments made in USDT to the registered wallet by November 1, 2026. Proof-of-funds wallets have also been added to the “Sell Your BDAG” page for added transparency.

The next big crypto discussion often centers on assets where timing and access shape participation more than passive holding. In this case, attention is focused on the narrowing buyback window and how quickly conditions are expected to change within a short timeframe.

Overall, BlockDAG is experiencing a moment where urgency is driven by a clearly defined buyback adjustment, making timing a critical variable for those engaging with the current participation opportunity.

2. Toncoin: Price Holds Near $2 Range Stability Toncoin is a blockchain asset within The Open Network ecosystem, primarily used for payments, staking, and network-based transactions. It has maintained steady visibility due to ongoing ecosystem activity and integration with messaging-based applications.

Price movements have reflected broader market conditions, with periods of volatility followed by consolidation rather than sustained directional trends. Toncoin is currently trading in the approximate range of $2.00–$2.10, based on recent market data, with intraday fluctuations across exchanges.

In broader discussions around the next big crypto, Toncoin is often referenced due to its established position among large-cap assets and consistent network usage. Its price behavior continues to be shaped by market sentiment and overall crypto cycle movements rather than isolated momentum shifts.

3. Shiba Inu: Market Driven by Social Sentiment Shiba Inu remains a widely recognized meme-based cryptocurrency, driven primarily by community participation, social sentiment, and periodic retail-driven interest. Within the next big crypto discussion, it is often referenced as an example of a sentiment-led asset that tends to move in short cycles rather than sustained trends.

Its ecosystem includes additional utility components, but price action continues to be influenced mainly by broader market mood and liquidity shifts across exchanges. Shiba Inu is currently trading around $0.0000055 USD, with minor fluctuations reflecting overall crypto market volatility. Despite cyclical movement patterns, it maintains consistent visibility due to its large holder base and active trading presence across major platforms.

4. Bonk Coin: Volatility Driven by Solana Sentiment Bonk Coin operates within the Solana ecosystem as a meme-driven token influenced heavily by community activity and broader network sentiment. Price action tends to respond quickly to shifts in liquidity and trading interest across the ecosystem.

Bonk Coin is currently trading around $0.0000055 USD, with short-term movement driven largely by speculative flows and overall market conditions. Within the next big crypto discussion, it is often referenced as part of Solana’s meme segment that experiences sharp but sentiment-led price cycles rather than steady directional trends.

Its behavior remains closely tied to retail engagement patterns, where momentum builds and fades in line with broader crypto market risk appetite.

The Bottomline Toncoin continues to trade near the $2 level as it tracks broader market cycles, while Shiba Inu remains around $0.0000055 with movement shaped by shifting sentiment. Bonk Coin also holds near $0.0000055, reflecting fast reactions to Solana-driven liquidity changes. These assets remain active, but their direction largely follows the overall market rhythm rather than setting it.

BlockDAG, however, is currently defined by timing sensitivity around its $0.001 buyback window, creating a clear focus on execution over waiting. At the same time, BDAG remains available at $0.00000044 with direct buyback program access and 30% off live swap access, adding another layer of participation interest.

This mix of structured timing and accessible entry points keeps BlockDAG in the next big crypto narrative as attention shifts toward assets where timing directly shapes opportunity. Momentum continues building as engagement tightens around its current window.

Disclaimer: This is a Press Release provided by a third party who is responsible for the content. Please conduct your own research before taking any action based on the content.

Top 5 Performing Coins of 2024— See the Cryptos That Made the Cut

IoTex Discusses 3 Huge Benefits of Modular DePin Infrastructure

Industry Leaders Forecast Top Crypto Narratives for 2025

PANews reported on August 25th that Zeus Network has officially announced a strategic liquidity partnership with Metalpha (NASDAQ: MATH), enabling Bitcoin deposits through APOLLO, the first decentralized application (dApp) on Zeus Network. Metalpha, an institutional asset management firm focused on digital assets, has begun accepting Bitcoin deposits through the Zeus Network on Solana.

As part of this partnership, Metalpha will leverage Zeus Network's permissionless infrastructure as a liquidity provider, supporting network security through decentralized verification. The Metalpha team chose Solana to deploy Bitcoin liquidity because of its high-performance DeFi environment and highly active community. By providing Bitcoin to Zeus Network, Metalpha injects liquidity into Solana and strengthens the security of cross-chain Bitcoin transactions, seeking new avenues for sustainable on-chain yield generation. As Solana becomes a major hub for institutional-grade digital asset innovation, Zeus Network is expanding its ecosystem to ensure that Bitcoin liquidity remains fundamental to DeFi growth. Leveraging Metalpha's expertise in structured financial products and risk management, this partnership is expected to enhance the financial capabilities of the Solana network and Bitcoin as an asset, adding fuel to the already booming DeFi market.

Justin Wang, co-founder and CEO of Zeus Network, said: “With Metalpha joining Zeus Network as a liquidity provider, we can leverage their experience in digital asset management to continue developing more accessible and scalable Bitcoin liquidity solutions for institutional Bitcoin holders.”

Solana DePIN Project FUSE Gets ‘Regulatory Cover’ as SEC Declines Enforcement in Rare Move

Weekly Crypto Regulation Roundup: SEC Clears Solana’s Fuse Token and Trump Eyes Crypto-Friendly Fed Chair

Tanzeel Akhtar

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Tanzeel Akhtar

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Feb 2018

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Tanzeel Akhtar has been reporting on cryptocurrency and blockchain technology since 2015. Her work has appeared in leading publications including The Wall Street Journal, Bloomberg, CoinDesk, Bitcoin...

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November 28, 2025

It’s been another consequential week in Washington and beyond, with U.S. regulators sending mixed but meaningful signs across crypto, AI, and financial policy. From the SEC greenlighting a Solana-based token to the prospect of a crypto-friendly Federal Reserve chair, the regulatory climate is shifting fast—particularly as policymakers grapple with emerging technologies that are outpacing existing frameworks.

SEC Grants Fuse a Rare No-Action LetterThe big headline came from the U.S. Securities and Exchange Commission, which issued a no-action letter to Solana-based DePIN project Fuse—an unusual step for a blockchain project looking for clarity around token sales.

Fuse asked the SEC’s Division of Corporation Finance on Nov. 19 to confirm it would not recommend enforcement action over the offer and sale of its FUSE token. The project emphasized that FUSE isn’t pitched as a speculative asset: it’s strictly a network participation token, distributed as a reward to users who maintain the protocol’s decentralized infrastructure. The SEC agreed.

In a letter signed by deputy chief counsel Jonathan Ingram, the regulator stated it would not pursue enforcement “based on the facts presented” if Fuse adheres to the guardrails it outlined.

Additionally, the token can only be redeemed through third-party venues at market rates, showing the SEC’s focus on removing any investment-like characteristics.

This marks the second DePIN-related no-action letter in recent months. While not precedent-setting, the decision is a useful datapoint: when tokens are tightly scoped to utility and distribution is controlled, the SEC appears more open to relief. For projects building real-world infrastructure on-chain, it’s one of the clearest regulatory signs we’ve seen in months.

Trump’s Top Fed Pick Has Deep Crypto TiesCrypto markets may soon have a sympathetic voice at the very top of U.S. monetary policy. Kevin Hassett—director of the White House National Economic Council and longtime Trump ally—has emerged as the leading candidate to replace Jerome Powell as Federal Reserve chair.

What’s striking is Hassett’s history with digital assets. He has publicly engaged with the crypto sector, consulted with policy groups connected to the space, and indicated openness to digital-asset innovation.

Trump’s advisers describe him as someone whom the president trusts deeply on interest-rate policy—particularly on the question of cutting more aggressively than Powell. Hassett has also reportedly indicated he would accept the role if selected.

If appointed, this would be the most crypto-friendly Fed chair in U.S. history. While the Fed is not a crypto regulator, its stance on dollar liquidity, stablecoins, and payment systems has enormous downstream effects. A pro-innovation chair could spur greater openness across other agencies—or at the very least, reduce friction.

Bipartisan Bill Targets Rising AI-Powered FraudAI-generated scams are surging, and Congress is taking notice. This week, lawmakers introduced the AI Fraud Deterrence Act, a bipartisan proposal from Rep. Ted Lieu (D-CA) and Rep. Neal Dunn (R-FL). The bill seeks to impose tougher penalties on crimes committed using artificial intelligence—particularly impersonation schemes, deepfakes, automated theft, and coordinated fraud rings.

The legislation is also explicitly tied to financial markets and crypto, where AI-powered fraud is growing at an alarming rate. High-profile cases involving deepfake video scams, impersonation bots, and automated phishing rings have intensified pressure on lawmakers to intervene.

The bill’s broader message is clear: manipulation, impersonation, and automated fraud using AI tools will face harsher federal consequences. Expect this framework to evolve quickly, given the sharp rise in AI-driven schemes across exchanges and Web3 platforms.

CFTC Pushes for New Prediction Markets FrameworkFinally, at the CFTC, Commissioner Caroline Pham is making moves to bring prediction markets into sharper regulatory focus.

Pham announced that the agency is seeking nominations for its new CEO Innovation Council, a body designed to advise on emerging markets and frontier financial technologies. One of the council’s early priorities will be the rapidly evolving prediction markets sector—a space that has grown too large and too influential for federal regulators to ignore.

Through a Nov. 25 press release, Pham invited public nominations and encouraged industry stakeholders to propose topics the council should prioritize. With prediction markets increasingly touching politics, finance, sports, and crypto, the CFTC is clearly preparing a more structured approach.

This comes as platforms like Polymarket continue to expand and attract mainstream attention, forcing regulators to reconsider how forecasting markets fit within existing derivatives law.

The Big PictureFrom the SEC’s cautious openness to utility-focused tokens, to Congress tightening the screws on AI-based crime, to the CFTC’s attempt to modernize its oversight, the regulatory ecosystem is shifting in real time.

But the most consequential development may be Trump’s apparent interest in appointing a Fed chair aligned with crypto innovation. That appointment would reverberate through every corner of financial policy—from stablecoins to global dollar rails to payments innovation.

Fuse Energy is a London-based energy company building a vertically integrated power business and a blockchain-based incentive system to manage electricity demand, distributed energy resources, and grid stress. It combines renewable generation, retail supply, hardware installation, and a tokenized coordination layer called The Energy Network, powered by the Energy Dollar ($ENERGY).

What Problem is Fuse Energy Trying to Solve?Electricity demand is rising fast. AI data centres, electric vehicles, and home electrification are pushing grids harder each year. At the same time, many energy suppliers rely on outsourced generation, third-party trading desks, and fragmented installers. This setup adds cost, slows innovation, and exposes consumers to volatile prices.

Fuse Energy argues the system itself is the problem.

The company points to several structural issues:

Power grids were designed for large, centralised fossil fuel plants, not local solar or batteriesRenewable projects face long grid connection delays, sometimes over 10 years in the UKConsumers struggle with high upfront costs and complex installation processes for solar and batteriesEnergy suppliers often lack direct control over generation and demand responseAccording to Ofgem, the energy regulator for Great Britain, UK electricity demand could rise 64% by 2035. At the same time, global AI workloads could consume up to 3–4% of global electricity by 2030, up from about 1% today. Fuse Energy’s view is that cheaper renewables alone are not enough if the grid and incentives remain misaligned.

Who Founded Fuse Energy?Fuse Energy was founded in 2022 by Alan Chang and Charles Orr, both former executives at Revolut.

Chang previously served as Revolut’s chief revenue officer, while Orr held senior operational roles. Their background is not in utilities but in scaling fintech products with tight cost control and full-stack ownership.

They applied the same thinking to energy. Instead of outsourcing generation, trading, and installations, Fuse chose to own the entire chain. The goal was to remove middlemen and move faster than traditional suppliers.

How Does Fuse Energy Work?Fuse Energy operates as a licensed electricity retailer, generator, trader, and distributed energy resource installer. This means it controls power from production to delivery.

The company’s model includes:

Building and owning renewable assets such as solar farmsSupplying electricity directly to householdsTrading power internally rather than via third partiesInstalling solar panels, batteries, and EV chargers in homesDeveloping consumer hardware, including micro solar-battery kitsFuse says this vertical integration cuts costs by about 10% compared to incumbents. UK households on Fuse tariffs have reportedly saved up to £200 per year compared to the price cap.

In 2024, Fuse built its first solar farm in Hampshire. By late 2025, the company reported serving more than 200,000 households and generating between $300 million and $400 million in annual recurring revenue, with roughly 8x year-on-year growth.

Why is Fuse Energy Compared to Octopus Energy?Octopus Energy is the UK’s largest challenger supplier, with around 10 million customers globally. It relies heavily on third-party generation and focuses on software licensing.

Fuse Energy takes a different approach.

Instead of focusing on energy software alone, Fuse builds and owns assets across the stack. It also installs distributed energy resources directly, rather than relying on partner networks.

Worth noting, the UK energy crisis of 2021–2022 showed how fragile supplier models can be. Around 30 suppliers collapsed due to exposure to gas prices and weak balance sheets. Regulators later introduced capital adequacy rules to prevent repeats.

Fuse claims its model allows tighter risk control and faster product launches. Investors appear to agree.

How much funding has Fuse Energy raised?Fuse Energy has raised significant capital in a short time.

Key funding milestones include:

Early backing from Accel, Lakestar, Creandum, Ribbit, and othersA previous round of about $100 millionA recent round of roughly $70 million led by Balderton Capital and Lowercarbon CapitalThe latest round values Fuse at about $5 billion, compared to Octopus Energy’s $9 billion valuation despite Octopus being much larger.

Lowercarbon Capital, led by Chris Sacca, focuses on climate-related infrastructure. Balderton was an early investor in Revolut and backed Fuse early as well.

What is The Energy Network?The Energy Network is Fuse Energy’s blockchain-based coordination layer for managing distributed energy resources and flexible demand.

It is designed to connect millions of small energy assets, such as:

Home solar panelsBatteriesSmart EV chargersFlexible household demandThese assets are often called distributed energy resources, or DERs. When coordinated, they can reduce grid stress, lower peak prices, and improve reliability. Large coordinated groups of DERs are sometimes referred to as virtual power plants.

The Energy Network aims to automate incentives for this coordination using a native token.

What is the Energy Dollar ($ENERGY)?The Energy Dollar is the native token of The Energy Network. It is a utility token, not a memecoin, and is used to reward actions that help balance the grid.

The token rewards users for:

Connecting DERs to the networkShifting electricity usage away from peak price periodsProviding flexibility during periods of grid stressRewards are earned based on real-world value. For example, shifting demand in a high-price region during peak hours earns more than shifting demand in a low-price region during off-peak hours.

Users can burn Energy Dollars to receive discounts on Fuse products and services, such as:

EV chargersBattery installationsSolar installationsLater, possibly energy bills and public EV chargingBurning permanently removes tokens from circulation, creating a deflationary effect over time.

How Does Energy Dollar Tokenomics Work?The Energy Dollar tokenomics are designed around long-term grid participation rather than short-term trading. Of the 10 billion tokens, 60.8% is allocated to network operations, 13.8% to the team, and 25.4% to investors.

Key points include:

Maximum supply capped at 10 billion tokensTokens minted gradually from 2025 to 2050Up to 5 billion tokens can be burnedRewards distributed over a 25-year scheduleNo team or investor unlocks in the first yearAfter the first year, team and investor tokens unlock in stages:

20% unlock at 12 months20% at 15 months20% at 18 months20% at 21 months20% at 24 monthsRewards are calculated using a pro-rata formula based on the value contributed during a given period. Higher-value actions earn higher rewards.

Energy Dollars will be listed on third-party exchanges to allow price discovery. This enables large DER owners to sell tokens to users who want discounts on energy hardware or services.

Why is the Energy Network Built on Solana?The Energy Dollar is deployed on the Solana blockchain using the SPL token standard.

According to the Fuse Energy team, Solana was chosen for several reasons:

Low transaction feesHigh throughput suitable for millions of usersStrong security modelNative token controlsSolana’s consensus design allows scaling with limited increases in energy consumption, which aligns with the project’s goals. All smart programs will be audited before deployment.

Users interact with Energy Dollars through a self-custodial wallet embedded in Fuse’s web and mobile apps. Tokens can also be transferred to external wallets for use across the Solana ecosystem.

How does Fuse Energy plan to scale?Fuse plans to expand beyond the UK into Europe, the United States, and other markets where regulation allows.

Its advantages include:

Existing licences as a retailer, generator, and installerExperience building utility-scale renewablesIn-house installation teamsA ready-made incentive layer through the Energy NetworkThe company also plans to launch consumer hardware, including low-cost solar and battery kits designed for faster deployment and simpler installation.

The Energy Network is scheduled to begin rolling out features such as off-peak rewards under a program called The Energy Network in early 2026.

What does this mean for consumers?For households, Fuse Energy’s model combines lower electricity prices with optional participation in demand flexibility.

Consumers can:

Pay less for electricity through vertically integrated supplyEarn rewards for shifting usage, even without owning solar or batteriesUse rewards to reduce the cost of future energy hardwareFor the grid, coordinated DERs reduce peak demand, which lowers system costs for everyone.

ConclusionFuse Energy combines traditional energy operations with a blockchain-based coordination system. By owning generation, supply, installations, and incentives, it reduces reliance on third parties and aligns costs with grid needs.

The Energy Network and Energy Dollar provide a structured way to reward demand flexibility and DER participation at scale. Together, they form a vertically integrated energy model designed for modern electricity demand, without relying on speculative narratives or promotional claims.

ResourcesFuse energy on X: Posts (November 2025 - December 2025)

Fuse Energy Website: General info

Ofgem report: Preparing for a faster, more efficient electricity connections process

Fuse Energy whitepaper: About Fuse Energy

Report by Financial Times: UK start-up Fuse Energy nears new funding at $5bn valuation

Crypto Inflows Near $2 Billion as Ethereum Outshines Bitcoin in Altcoin-Led Rally

Oct 26, 2025, 2:00 p.m.

4 min read

Solana’s upcoming Alpenglow upgrade could mark a turning point for the network’s staking economy. (CoinDesk)Summary

As the Solana ecosystem is preparing for the upgrade to come at the end of this year or in early 2026, Repetny shares how he thinks this shift could expand validator participation and improve decentralization, even as higher hardware demands loom.

This interview has been edited for brevity and clarity.

Solana’s upcoming Alpenglow upgrade could mark a turning point for the network’s staking economy. CoinDesk sat down with Michael Repetny, CEO of Marinade Labs, the firm that supports Solana’s liquid staking protocol Marinade, to discuss how the update aims to change the economics of running a validator on Solana, significantly lowering the barrier to entry.

As the Solana ecosystem prepares for an upgrade at the end of this year or in early 2026, Repetny shares his thoughts on how this shift could expand validator participation and improve decentralization, even as higher hardware demands loom.

This interview has been edited for brevity and clarity.

CoinDesk: Talk to me about the state of Solana staking – what are the most pressing issues right now in this area, in your opinion?

Michael Repetny: So when we started Marinade, there were 700 validators on Solana, with 11 of them big enough to potentially halt the network.

Then we launched Marinade during the first few years, the number of validators grew to 2000 so it looked great. Right now we are below 1000 validators again active on Solana.

I think there are other signals [on the health of Solana staking]. Another way of looking at it is if you look at the concentration of the stake, which is, if you get one-third of that stake to shut down, Solana stops working.

It takes right now around 20 of the biggest violators to do that, or also it takes two countries and it takes two data centers right now. Those are like different ways to look at it. So, it is not ideal.

We would rather see hundreds of bad quality validators than thousands of them with people just running potatoes.

And with the ETFs and with institutional interest, I think that centralization is becoming a greater risk.

At Marinade, we’re trying to make sure that we have a viable option for validators to stake in a responsible way.

Solana has a major upgrade coming called Alpenglow. How will it affect the staking ecosystem?

We are hopeful, and it should impact the staking and validator economics. There is a proposed change to just cut down the vote fees for validators (vote fees are incurred by validators when they vote on processing SOL on the blockchain). So this is a huge one, because right now, if you want to run a validator, just to get it started, you need to pay about $5,000 a month.

Of those $5,000, about $4,000 is spent on just the voting fees. So as you can see, 80% of the cost today to spin up your validator is vote fees. Alpenglow aims to turn the vote fees to be much less. This is super exciting, and should make it much more accessible to start their own validator because the cost will go down

Will there be any changes to Solana validator rewards?

One way to look at it is to cut the cost of running a validator. Alpenglow is really about increasing the bandwidth and reducing latency.

We hope to see more saturated blocks when we pack them better, which should also improve the economics of the validators by packing the blocks.

Another benefit to that would be that if you increase the bandwidth and reduce the latency, then there is a shorter time for arbitrage and malicious maximum extractable value (MEV). This means if there's less time to manipulate the ordering of the transactions, there's going to be less toxic and malicious MEV happening, which is great for users.

Are there any tradeoffs for validators with Alpenglow?

Maybe eventually the hardware cost might go up. There may be a higher requirement on the end validators to make sure that they still keep up with the network, as there will be more transactions coming in. Maybe with the more requirements on them, there could be a trade-off. Other than that, I don't know. There will be problems, but we have to see once we are there.

How does Alpenglow tie back to Marinade’s mission?

It makes it more accessible to spin up just more validators. The threshold for being break-even is way lower.

So Alpenglow is coming at the end of the year or maybe early next year – is this going to be a really big transformation or just another upgrade? And where does Solana head after that?

It's one of the pieces that need to be sorted out for Solana to be and stay competitive with things like Hyperliquid or decentralized exchanges.

Solana is working on fixing the protocol with Alpenglow, fixing the infrastructure with new projects like DoubleZero, fixing the software clients and optimizing Firedancer. All those things, hopefully now, are all coming together.

A six-month timeframe might not be enough for the results to show, but once it's out there, it's hopefully going to unlock use cases that wouldn't be available on Solana at present.

Hopefully, there will be more economic activity, which should translate to more revenue, and hopefully that pie grows.

Read more: Solana Set for Major Overhaul After 98% Votes to Approve Historic 'Alpenglow' Upgrade

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Solana Alpenglow Upgrade May Lower Validator Onboarding Barrier

Bloomberg ETF analysts confirm Fidelity Solana ETF (FSOL) and Canary Marinade Solana ETF (SOLC) to launch on Tuesday. With the launch, the crypto industry will have five spot Solana ETFs to trade, but SOL price keeps dipping despite inflows in SOL exchange-traded funds.

Fidelity Solana ETF (FSOL) Waives Fees for 6 Months According to an SEC filing on November 18, Fidelity Solana ETF has waived 0.25% for a period of six months. In addition, the issuer will also bear the staking fee on all staking rewards generated from the first $1 billion assets.

The ETF becomes auto-effective with an 8-A filing and gains approval from NYSE Arca to list shares under the ticker symbol FSOL, according to US SEC filings.

Bloomberg’s senior ETF analyst Eric Balchunas said the Fidelity Solana ETF is slated to launch on November 18. The trust has set a management fee of o.25%.

“Easily the biggest asset manager in this category with BlackRock sitting out,” he added. BlackRock has denied interest in launching any ETF beyond Bitcoin and Ethereum ETFs currently. Bloomberg analyst Balchunas quoted the launch amid continuous inflows as “Game on” as Bitwise’s BSOL has almost $450 million in assets under management.

ETF Prime host Nate Geraci revealed that the world’s third-largest asset manager Fidelity now has both direct SOL access and spot ETFs.

Fidelity recently rolled out *direct* spot solana trading…

Tomorrow they’ll launch spot sol ETF.

So both direct sol access & spot ETFs.

World’s *third* largest asset manager.

Welcome to the future.

Still surprised BlackRock sitting this one out. pic.twitter.com/h4JqUHMYB2

— Nate Geraci (@NateGeraci) November 18, 2025

Canary Marinade Solana ETF (SOLC) Launches Today In addition to the Fidelity Solana ETF, the Canary Marinade Solana ETF also gains approval from the Nasdaq to list shares under the ticker symbol SOLC, as per a CERT filing with the US SEC.

Bloomberg ETF analyst James Seyffart claims that Canary Capital, in partnership with Marinade Finance, to launch the SOLC on Tuesday. Marinade is the SOL staking partner. It has a management fee of 0.50%, with no waiver announced yet.

SOL Price Rebounds SOL price has tumbled by more than 20% in a week despite continued inflows into Solana ETFs. With nearly $400 million in total inflows in Solana ETFs, VanEck Solana ETF (VSOL) launched on Monday to join others.

Solana tumbled 9% today, with the price currently trading at $134.35. The 24-hour low and high are $129.02 and $142.47, respectively.

However, it recorded more than 3% rebound from the 24-hour low. Trading volume has increased by 60% in the last 24 hours, indicating a rise in interest among traders in response to the Fidelity Solana ETF launch.

CoinGlass data showed buying sentiment in the derivatives market in the past few hours. At the time of writing, the total SOL futures open interest jumped 0.61% to $7.43 billion in the last 24 hours. The 4-hour SOL futures open interest climbed nearly 2%.

TLDR VanEck Solana ETF (VSOL) launched Monday with waived 0.3% fees until February 17 or $1 billion in assets Fidelity Solana ETF (FSOL) and Canary Marinade Solana ETF (SOLC) both launched Tuesday Grayscale Dogecoin ETF expected to launch November 24 pending SEC response Combined Solana ETFs have attracted over $380 million in inflows despite SOL price dropping 20% weekly SEC’s September listing standard changes enabled faster crypto ETF approvals without individual assessments The cryptocurrency market witnessed a wave of new exchange-traded fund launches this week. VanEck’s Solana ETF began trading Monday while Fidelity and Canary Capital followed with their own Solana funds on Tuesday.

VanEck’s VSOL joined existing Solana ETFs from Bitwise and Grayscale that debuted in late October. These three funds have collectively attracted over $380 million in investor capital.

The new VanEck fund offers staking yields similar to its competitors. Investors’ Solana tokens are locked on the blockchain to earn rewards through the staking process.

VanEck has waived its 0.3% management fee until February 17 or until the fund reaches $1 billion in assets. This temporary fee waiver aims to compete with existing funds charging 0.25%.

Fidelity Enters the Market Fidelity’s Solana ETF launched Tuesday on NYSE Arca under the ticker FSOL. The fund charges a 0.25% management fee matching most competitors in the space.

Bloomberg ETF analyst Eric Balchunas noted Fidelity is the largest asset manager in this category. BlackRock has chosen to sit out and has expressed no interest in launching ETFs beyond Bitcoin and Ethereum.

Canary Capital partnered with Marinade Finance to launch their Solana ETF on the same day. The SOLC fund trades on Nasdaq with a 0.50% management fee.

Marinade Finance serves as the staking partner for Canary’s fund. The company has not announced any fee waivers at this time.

The Securities and Exchange Commission changed its listing standards in September. These new rules allow for faster approvals without requiring individual assessment of each fund.

Dogecoin ETFs on the Horizon Grayscale’s Dogecoin ETF could launch as early as November 24. The fund triggered a 20-day launch window after filing amendments earlier this month.

The Grayscale Dogecoin Trust would convert from its existing fund structure. It plans to trade on the New York Stock Exchange under the ticker DOGE.

This would be the first US Dogecoin ETF able to directly hold the memecoin. REX Shares and Osprey Funds launched a DOGE ETF in September but it holds cryptocurrency through an offshore subsidiary.

Bitwise filed for its own spot Dogecoin ETF on November 6. The filing triggered another 20-day launch timer that could see the fund go live late next week.

Solana’s price has fallen despite strong ETF inflows. The token dropped 20% over the past week and 9% in 24 hours before rebounding slightly.

Solana Price on CoinGecko SOL currently trades at $134.35 after touching a 24-hour low of $129.02. Trading volume increased 60% in the last 24 hours.

Bitwise’s BSOL fund has accumulated almost $450 million in assets under management. The combined inflows demonstrate investor appetite for cryptocurrency exposure through regulated products.

Derivatives data from CoinGlass showed buying sentiment returning in recent hours. Total SOL futures open interest rose 0.61% to $7.43 billion in the past 24 hours.

Fidelity Investments and Canary Marinade have launched new spot exchange-traded funds tracking Solana, expanding regulated investor access to one of the fastest-growing blockchain ecosystems. Fidelity’s fund, listed under the ticker FSOL on NYSE Arca, introduces a low-cost entry point with a management fee of 0.25 percent. Canary Marinade’s offering, SOLC, debuts on Nasdaq with a 0.50 percent fee and a staking-enabled structure in partnership with Marinade Finance. The launches bring the total number of U.S. spot Solana ETFs to five, signalling escalating institutional interest in altcoin-focused investment products.

Both fund issuers enter the market at a time of heightened volatility for Solana. Despite increased inflows into existing Solana ETFs, the asset has experienced meaningful price pressure, reflecting shifting risk sentiment and a broader retracement across crypto markets. Even so, the introduction of additional regulated vehicles demonstrates accelerating demand for alternative digital-asset exposure beyond Bitcoin and Ethereum.

Staking, fees and product structure Fidelity and Canary Marinade have taken distinct approaches in designing their Solana ETFs. Fidelity’s FSOL prioritises affordability and broad accessibility, underpinned by a straightforward spot-Solana structure. Its 0.25 percent management fee positions it competitively among crypto ETFs, aiming to attract long-term investors seeking cost efficiency.

In contrast, Canary Marinade’s SOLC distinguishes itself with a staking-enabled model that integrates with Marinade Finance’s established staking infrastructure. By converting Solana staking rewards into potential additional returns for fund participants, SOLC targets yield-oriented investors looking for enhanced exposure. The higher 0.50 percent fee reflects this expanded functionality.

These launches coincide with the U.S. Securities and Exchange Commission’s newly implemented generic listing standards for spot crypto ETFs. The revised framework streamlines the approval process and allows national exchanges to list such products through a standardised rule set rather than a bespoke filing process. This regulatory evolution has enabled faster time-to-market for alternative crypto ETFs, fuelling innovation across the sector.

Market outlook and investor considerations The arrival of two new Solana ETFs provides investors with diversified options for accessing the asset through regulated markets. Early inflow data suggests that institutional interest remains strong despite Solana’s recent price decline. Market participants appear to be positioning ahead of a potential recovery, drawn by Solana’s high throughput, low transaction costs and expanding ecosystem of consumer-facing applications.

Nonetheless, key risks remain. Solana’s volatility, the operational complexity of staking mechanisms and broader macroeconomic uncertainty may affect fund performance. For investors evaluating these new products, fee structure, staking risk and liquidity considerations will play a central role in portfolio construction.

The combined launch of FSOL and SOLC signals a maturing landscape for altcoin investment products. As regulated infrastructure expands, Solana’s presence within institutional portfolios may strengthen, offering a broader range of exposure pathways for both traditional and digital-native investors.

Amidst undeniably choppy markets, Solana’s staking landscape continues to show strength and resilience. 

Despite $SOL dropping 47% in the last 3 months, investors are steadily growing their stake in the network, with LST adoption hitting all-time highs and the chain’s staking rate reaching its highest point since January 2024.

Solana’s staking boom continues to benefit the network’s OG operators, like Marinade Finance, which has grown the TVL of its institutional staking product, Marinade Select, by 60% in six months.

Solana Staking Rate Hits 2-Year High As institutional interest circles the crypto industry, investors are adding $SOL to their staking accounts at record levels. According to Blockworks data, over 425.7M $SOL, the highest-ever $SOL-denominated figure, is now staked to the network. 

This brings Solana’s Stake Rate to its highest point since January 2024 at just over 68.9%, dominating the staking rate of rival networks. Comparatively, competing Layer-1s chains like Ethereum and BNB Chain have far lower staking adoption rates of 30% and 18.4%, respectively.

Additionally, Solana’s liquid-staking rate is showing no signs of slowing down. Despite the influx of institutional capital flowing into Solana ETFs, liquid staking continues to gain ground, rising to new all-time highs of 15.64%.

Staking providers like Marinade, who offer optimized native and liquid staking services through its Stake Auction Marketplace, are ideally positioned to capture this flow. With staking adoption increasing across the network, Marinade’s specialized offerings are trending upwards.

Marinade Select TVL Up 60% In Six Months Aimed at institutional investors, Marinade Select offers a curated stake pool of KYC-verified, reputable, SOC-2 compliant validators. By offering a premium validator set, Marinade establishes itself as a trusted staking operator for institutional players seeking reliable yield on their $SOL holdings.

In the last six months, Marinade Select’s $ SOL-denominated TVL has increased by 87.13%, rising from 863k $SOL in July 2025 to over 1.6M $SOL in January 2026. This growth is supported by Solana ETF growth, with issuers like Canary Capital opting to stake their $SOL holdings through Marinade Finance.

Over $1.1M Committed to $MNDE Buybacks Since August In August 2025, Marinade Finance debuted its buyback program, promising to allocate 50% of protocol revenue towards repurchasing $MNDE and directly value flow to token holders. Since the launch of the mechanic, over $1.17M worth of $MNDE has been taken off the market and sent to the DAO treasury.

More recently, Marinade DAO has moved away from buybacks to grow $mSOL liquidity. Since passing MIP-17 in December, Marinade DAO has paused $MNDE buybacks, instead directing these funds to growing liquidity in $mSOL, the protocol’s LST.

Since the change, $mSOL supply has increased by around 22.3k tokens. This brings the total supply to to 2.54M $mSOL, valued at around $434M USD and capturing 5.18% of Solana’s LST market.

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Anchorage Digital has integrated Marinade Finance into its platform, allowing institutional clients to stake Solana tokens through automated validator strategies while maintaining custody of their assets.

According to Thursday’s announcement, the integration gives clients direct access to Marinade’s staking strategies within Anchorage’s custody and wallet infrastructure, including its Porto self-custody wallet, without requiring external applications.

The setup separates staking delegation from withdrawal control, allowing institutions to participate in validator selection and yield generation while retaining asset control.

Clients can choose between two staking strategies: one that allocates across a curated set of roughly 30 KYC-verified validators for compliance-focused use cases, including regulated financial products such as exchange-traded funds (ETFs). Another dynamically distributes stake across a broader validator set spanning hundreds of operators to optimize yield.

The integration is available through Anchorage Digital’s platform and its Porto wallet, where staking, custody and asset management functions are combined within a single interface.

Anchorage Digital is a San Francisco-based crypto custody provider that operates the first federally chartered crypto bank in the United States. In January, it was reported to be seeking between $200 million and $400 million in new funding as it considers a potential initial public offering next year.

Institutional yield strategies expand from staking to Bitcoin DeFiInstitutions are increasingly seeking yield on crypto holdings without moving assets out of custody, as staking gains traction among asset managers and product issuers.

In February, Ripple expanded its custody platform through integrations with Securosys and Figment, enabling banks and custodians to offer staking without running validators or managing keys, with support across on-premises and cloud environments and built-in compliance checks.

The following month, Anchorage Digital integrated with Puffer Finance to offer liquid restaking on Ethereum, allowing clients to stake Ether (ETH) and receive pufETH, a transferable token representing a restaked position that continues earning rewards.

While staking -- that is, earning rewards for securing a network -- was traditionally limited to proof-of-stake assets, similar yield strategies are emerging for Bitcoin (BTC) via decentralized finance (DeFi) integrations.

Lombard recently teamed with Bitwise Asset Management to enable institutions to earn yield and borrow against Bitcoin without moving assets out of custody, combining DeFi lending and tokenized real-world assets with infrastructure from Morpho.

Similarly, Fireblocks has integrated Stacks to provide institutional access to Bitcoin-based lending and yield, using faster block times while settling transactions on Bitcoin for finality.

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Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.

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The cryptocurrency market is experiencing one of the most dynamic moments of the year as Bitcoin has surpassed the psychological $78,000 mark for the first time in two months. This breakout is accompanied by a strong inflow of liquidity; on the Solana blockchain alone, 500 million USDC were issued within a short period of time, according to Whale Alert.

The main catalyst for growth was a sharp positive shift in geopolitics. The market reacted to news of a possible deescalation in the Middle East. Statements from the parties about opening the Strait of Hormuz for commercial shipping triggered a drop in oil prices below $80 for WTI and a sharp rise in risk assets — first of all BTC.

BTC/USD price chart with Whale Alert post, Source: TradingViewUSDC printing press: 500 million “in the moment”Against this backdrop, the Whale Alert system recorded the creation of two batches of 250,000,000 USDC, worth a total of $500 million in Circle’s treasury. The majority of the new issuance was deployed on the Solana network, bringing the weekly stablecoin issuance volume on this chain to a record $3.25 billion in 2026.

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Historically, such large USDC issuances precede phases of active buying or are used by institutions to collateralize margin positions amid rising volatility.

Despite the euphoria, experts from Glassnode and JPMorgan warn of a “sell wall” and potential profit-taking. Support is now located in the $75,000-$76,000 range. The ceiling for BTC in this rally is marked at $86,796, where the 200-day moving average is currently stretching.

Aurory, the upcoming online gaming platform, has announced the release of a new game mode called Blitz Battles. This new mode is designed to offer a fast-paced, adrenaline-fueled gaming experience to players.

Introducing Blitz Battles ⚡️

A fast-paced game mode coming to Aurory where players can wager and battle their Nefties 🪙

Aurorians and $AURY holders will soon gain early access to the v0 for a limited time! pic.twitter.com/UPz7Po9ZZ7

— Aurory (Open Alpha) (@AuroryProject) February 9, 2023 Blitz Battles is a multiplayer game mode that takes place in a compact map, and the objective is to eliminate the enemy. With an automated battle style, all wins are effortless. Players can earn rewards and level up through their performance in the game. The matches are quick and intense, making it the perfect mode for players who are looking for a quick gaming fix.

In addition to the new game mode, Aurory has also launched a referral program. This program allows players to invite their friends to join the platform and receive rewards for doing so. The rewards will vary, but players can expect in-game items and other benefits.

Aurory's commitment to constantly improving its platform and providing players with new and exciting gaming experiences has been one of the reasons for its success. The release of Blitz Battles and the referral program are sure to keep players engaged and coming back for more as they continue to build through their open alpha app.