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Key TakeawaysThe Hong Kong Securities and Futures Commission (SFC) has approved the first Solana (SOL) spot ETF, issued by China Asset Management (Hong Kong).The ETF, trading under ticker: 03460, is set to list on the Hong Kong Stock Exchange (HKEX) on October 27.This marks the third crypto spot ETF approved in Hong Kong — following Bitcoin and Ether funds — and the first Solana ETF in Asia.The fund will carry a management fee of 0.99%, targeting investors seeking institutional exposure to the Solana ecosystem.Hong Kong Expands Crypto ETF Offerings with Solana ApprovalAccording to Wu Shuo, the Hong Kong Securities and Futures Commission (SFC) has officially approved the region’s first Solana (SOL) spot exchange-traded fund (ETF), further cementing Hong Kong’s role as a regulated hub for digital asset investment products.Issued by China Asset Management (Hong Kong), the Solana ETF represents a major milestone for multi-asset crypto exposure in traditional financial markets. It joins previously approved Bitcoin and Ether spot ETFs, marking Hong Kong’s third crypto spot fund and the first in Asia to feature Solana.ETF Launch Signals Institutional Expansion into SolanaThe Solana ETF, listed under ticker 03460, will debut on the Hong Kong Stock Exchange (HKEX) on October 27. With a management fee of 0.99%, it provides institutional and retail investors a regulated vehicle to gain exposure to Solana’s growing DeFi and NFT ecosystem without direct token custody.Market observers note that the approval reflects rising institutional demand for diversified blockchain investments beyond Bitcoin and Ethereum. Hong Kong continues to position itself as a regional leader in crypto financial innovation, with more multi-asset ETF applications expected in the coming months.

Key TakeawaysThe total number of crypto ETF applications has surged to 155, spanning 35 digital assets, according to Foresight News.Solana (SOL) and Bitcoin (BTC) lead with 23 filings each, followed by XRP (20) and Ethereum (ETH, 16).The surge reflects growing institutional demand for diversified exposure to leading blockchain ecosystems.Solana and Bitcoin Dominate Growing Crypto ETF PipelineAccording to Foresight News, the number of cryptocurrency exchange-traded fund (ETF) applications submitted globally has climbed to 155, signaling accelerating institutional interest in digital assets.Among these, Solana (SOL) and Bitcoin (BTC) top the list with 23 filings each, underscoring their expanding roles as institutional-grade crypto assets. XRP ranks third with 20 applications, while Ethereum (ETH) follows with 16, showing continued interest despite broader market volatility.Analysts suggest that regulatory progress in the U.S., Europe, and Asia-Pacific has encouraged asset managers to expand ETF proposals beyond Bitcoin and Ether, reflecting broader acceptance of alternative layer-1 networks like Solana.Institutional Demand Expands Beyond Bitcoin and EthereumThe data highlights a clear trend: while Bitcoin and Ethereum remain dominant, investors are increasingly seeking exposure to next-generation blockchain ecosystems offering scalability, low fees, and real-world use cases.If regulatory approval accelerates, Solana and XRP ETFs could become the next frontier of mainstream crypto investment products, complementing the ongoing wave of Bitcoin and Ether fund listings worldwide.

According to Foresight News, Solana ecosystem's decentralized exchange Jupiter has announced the launch of its prediction market test version, Jupiter Prediction Market. The liquidity for this initiative is supported by Kalshi. The first test market focuses on the Mexican Grand Prix champion, allowing users to trade their favorite Formula 1 racers. During the testing phase, initial restrictions include a maximum contract amount of 100,000 and a limit of 1,000 contracts per position.

According to Cointelegraph, Solana (SOL) is showing signs of a potential price recovery, driven by a double-bottom pattern formation below $180 on the daily chart. This setup suggests that SOL could rebound towards $250 in the coming weeks. Veteran chartist John Bollinger has highlighted the possibility of W-bottom reversals for both Ether and Solana using his Bollinger Bands framework, indicating it might be time to pay attention. The SOL price recently dipped near the $175 area before stabilizing, hinting at a larger upward movement. Bollinger Bands, which utilize standard deviation around a simple moving average, are forming the second low of a W-shaped pattern on the daily chart. This pattern involves a double-pronged bottom followed by an upward exit. If confirmed, Solana's price could first recover to the neckline of the W-shaped pattern at $210, before potentially rising to the target of $250. Crypto YouTuber Lark Davis has also noted Solana's constructive outlook, with the RSI nearing a momentum breakout and the MACD heading for a bullish cross. Davis suggests that the price target of $250 will be achievable if the W pattern confirms, which would occur upon a neckline break. He emphasized the importance of bulls maintaining the 200-day EMA. As reported by Cointelegraph, a new uptrend is expected once buyers push the price above the 20-day EMA, currently at $200. Institutional demand for Solana investment products is on the rise, as evidenced by data from CoinShares. SOL exchange-traded products (ETPs) recorded weekly inflows of $156.1 million for the week ending October 17, contributing to a total of $2.8 billion in inflows for the year. In contrast, global crypto investment products experienced net outflows of $513 million, with Bitcoin (BTC) being the only major asset to see outflows totaling $946 million last week. CoinShares’ head of research, James Butterfill, attributed the inflows to the anticipation surrounding Solana ETF launches. The U.S. Securities and Exchange Commission (SEC) is expected to make decisions on nine spot Solana ETF applications, which have been delayed due to a government lockdown. Approval of these ETFs could unlock significant institutional capital, similar to the REX-Osprey Solana Staking ETF, which debuted on July 2 with over $33 million in first-day volume. Readers are reminded that this article does not offer investment advice or recommendations, and all trading moves involve risk. It is advised to conduct thorough research before making investment decisions.

According to Foresight News, SlowMist founder Yu Jian has reported a security breach involving the private keys of the DoodiPals project on the Solana blockchain. The hacker exploited the breach to sell tokens from multiple wallets, converting them into approximately 917 SOL, valued at around $171,000. In response to the incident, DoodiPals announced plans to restart the project after completing a thorough security audit. Users who held DOODI tokens prior to the hack will receive a 1:1 compensation for their losses.

Key TakeawaysSolana announced its official Chinese name “Solala.”The name was suggested by community member @easytopredict during a public naming campaign.“Solala” represents the creative and builder spirit of the Solana ecosystem.According to Wu Shuo’s report, Solana’s official X (Twitter) account announced that its official Chinese name will be “Solala.”The name was proposed by community user @easytopredict as part of a public naming campaign aimed at better connecting Solana with its Chinese-speaking community.Solana stated that the name “Solala” embodies the spirit of continuous innovation and creation among developers building on the Solana blockchain, reflecting the project’s commitment to global community engagement.

According to Foresight News, Solana co-founder Anatoly Yakovenko, known as Toly, addressed rumors about independently developing a perpetual decentralized exchange (perp DEX) on the Solana blockchain. He clarified that he is merely experimenting with using Claude to generate Pinocchio and testing it with surfpool.Yakovenko explained that his goal is to explore the possibility of replicating the same prop-amm competition, but specifically targeting perpetual contracts. He envisions a perp DEX program that utilizes a section of memory within accounts for all operations, equipped with its own liquidity provision, risk, and matching engine. Additionally, he aims to design a router capable of rebalancing across multiple positions.He also remarked, "I accidentally made a code repository public, and the whole world went crazy."

According to Foresight News, the Solana-based re-staking protocol Fragmetric has announced the commencement of voting on the FIP-1 proposal. If approved, the proposal will allocate 4% of total earnings for the repurchase of FRAG tokens. Based on current metrics, the annual revenue is approximately $6.3 million, meaning the 4% allocation would amount to around $252,000. This would facilitate the buyback of approximately 9.71 million FRAG tokens in the first year, representing about 5% of the circulating supply.Should the proposal pass, the buyback is set to begin two weeks later, with weekly executions on the open market through TWAP orders. The entire process will be fully transparent, monitored via a dedicated Dune dashboard. Initially, the repurchased tokens will be stored in the foundation's treasury, with future considerations for a burn proposal based on market conditions. The voting period is scheduled to conclude in three days.

Key TakeawaysBitcoin (BTC) surged above $111,000, rising 3.7% in 24 hours, leading a broader crypto rebound.XRP, SOL, ETH, BNB, and DOGE climbed between 3–5% as global risk sentiment improved.Japan’s Nikkei 225 hit a record high as fiscal dove Sanae Takaichi looked set to become Japan’s next Prime Minister.China’s Q3 GDP beat forecasts at 4.8%, while the U.S. dollar index slipped to 98.40, favoring crypto and equities.On-chain data shows Bitcoin’s RVT ratio dropping — a signal that historically precedes major bull phases.BTC Rebounds Above $111K as On-Chain Indicators Turn BullishBitcoin rallied above $111,000 on Monday, recovering sharply from last week’s lows near $103,600, according to CoinDesk data. The move coincided with gains across major altcoins including Ethereum (ETH $4,047), Solana (SOL $193), XRP ($2.47), BNB ($1,127), and Dogecoin (DOGE $0.20).The CoinDesk 20 Index advanced 3.6% to 3,685 points, extending a two-day recovery.According to crypto analytics platform Alphractal, Bitcoin’s RVT ratio — which measures network value relative to transaction volume — dropped sharply, suggesting renewed accumulation.“Historically, strong declines in the RVT ratio have preceded major bull phases, as they indicate Bitcoin is being used, accumulated, and transferred — not just held,” Alphractal noted.Over the weekend, Michael Saylor, executive chairman of Strategy, the world’s largest public Bitcoin holder, hinted at new BTC purchases, further fueling optimism.Global Markets Signal Risk-On SentimentThe rally in digital assets followed a wave of positive macro signals. Japan’s Nikkei 225 index surged past 49,000 for the first time ever, driven by expectations that Sanae Takaichi, a fiscal dove known for her support of Abenomics, will become Japan’s next Prime Minister.Takaichi’s stance on low interest rates and expansionary fiscal policy has been interpreted as bullish for risk assets.Meanwhile, China’s GDP grew 4.8% year-on-year in Q3, beating expectations of 4.7% and pushing local stocks up nearly 0.9%. The data confirmed China is on track to meet its 5% annual growth target.Falling Dollar Index Boosts CryptoThe U.S. Dollar Index (DXY) slipped to 98.40, extending its decline as global risk appetite improved. The weakening dollar typically benefits dollar-denominated assets like Bitcoin and gold.However, gold prices remained flat around $4,250, signaling potential exhaustion in its uptrend — a pattern that has historically preceded renewed strength in BTC.

According to Foresight News, data from DefiLlama indicates that Solana's Total Value Locked (TVL) currently stands at 59.28 million SOL, marking a new high since mid-June 2022. The historical peak for Solana's TVL, calculated in SOL, occurred on June 13, 2022, when it reached 68.13 million SOL.

According to BlockBeats, Grayscale's latest report on Solana indicates that the blockchain is leading in terms of users, transaction volume, and fees, which are key indicators of blockchain activity. Solana's ecosystem generates approximately $425 million in monthly fees, translating to an annual revenue exceeding $5 billion. The platform distinguishes itself in a competitive market by offering fast, low-cost transactions and an engaging user experience. The cost of on-chain transactions has remained relatively low, with users paying an average transaction fee of just $0.02 since the beginning of the year.The supply of SOL tokens is currently increasing at an annual rate of about 4% to 4.5%. Additionally, SOL stakers can earn a nominal return rate of approximately 7%, resulting in an 'actual' return rate, adjusted for inflation, of about 2.5% to 3%. Grayscale suggests that if the Solana network continues to grow over time, attracting more users, processing more transactions, and generating higher fees, investors could expect an increase in SOL's price.

According to Foresight News, Solana's improvement proposal SIMD-0337 introduces a block tagging feature to implement a rapid leader transition mechanism in Alpenglow. This technology allows leaders to begin block production based on the expected parent block without waiting for confirmation, reducing block production time by approximately 120 milliseconds and improving inter-block reliable latency (IBRL) by about 7.5%. The new mechanism is achieved through two tags, BlockHeader and UpdateParent, ensuring security against malicious actions while maximizing network throughput. Detailed technical information has been published on GitHub.

According to BlockBeats On-chain Detection, a prominent cryptocurrency address known as 'Air Force Commander' (0x343) has recently achieved significant profits through large-scale short positions. Over the past week, this address has accumulated nearly $150 million in profits, maintaining a high success rate in shorting BTC, ETH, and SOL.The address primarily engages in high-leverage short selling, with the current nominal value of perpetual contracts reaching $29.81 million and an overall leverage exceeding 12 times. Notably, the BTC short position alone amounts to $16.6 million with a leverage of 40 times. The trading strategy focuses on medium to short-term swings, with an average holding period of approximately 34 hours. The trader demonstrates a strong risk management approach by strategically building positions at key levels and swiftly transferring profits to secure them. In the past two months, $150 million USDC has been moved from contract accounts to spot holdings, showcasing effective fund management.While the address predominantly follows a bearish trend, it occasionally engages in short-term rebound trades in SOL and BTC, which can temporarily reduce its overall success rate. However, the primary profits are derived from substantial short positions in major cryptocurrencies, with minor losses occasionally occurring in altcoins. Despite these fluctuations, the address consistently demonstrates accurate trend predictions.

According to Foresight News, Nasdaq-listed company DeFi Development (DFDV) has announced the acquisition of an additional 86,307 SOL tokens at an average purchase price of $110.91 per token. The newly acquired SOL tokens will be immediately staked to earn native rewards. As a result of this acquisition, the company's total SOL holdings have risen to 2,195,926 tokens, valued at approximately $426 million.

According to BlockBeats, HyperInsight has reported that a whale has initiated a 20x leveraged short position on 211,838.29 SOL, valued at approximately $41.05 million. The current unrealized loss stands at $750,000, with the short position entered at a price of $190.19 per SOL and a liquidation price set at $239.18 per SOL.

Key TakeawaysSolana price drops over 3%, underperforming broader crypto market decline of 0.37%Over $192M in whale transfers to exchanges adds selling pressure on SOLTechnical breakdown below $195 and 30-day SMA ($216) weakens bullish structure Crypto Market Risk-Off Mood Hits AltcoinsThe Altcoin Season Index has plunged to 28/100, reflecting high risk aversion towards altcoins. Meanwhile, Bitcoin dominance rose to 58.72%.Source: CoinMarketCapThe Crypto Fear & Greed Index fell to 32, confirming a low-confidence environment across digital assets. This macro backdrop amplified selling in Solana, despite long-term catalysts such as ETF developments and DeFi staking activity. Technical Indicators Confirm Bearish MomentumSolana’s technical setup shows clear weakness after breaking below the $200 psychological support and its 30-day SMA at $216.55. Key metrics:Source: TradingViewAll indicators point to bearish momentum and low trend strength, while funding rate for SOL/USDT perpetuals sits at -0.0052%, signaling short pressure in derivatives markets.On the moving average side, SOL is trading below key levels.This places SOL in a technical breakdown phase, with short- and mid-term trends turning negative. ETF Optimism vs. On-Chain WeaknessDespite short-term weakness, ETF developments continue to support Solana’s long-term outlook. Bitwise recently amended its Solana ETF filing to include staking and lower fees to 0.20%, aiming to meet SEC expectations.Still, JPMorgan analysts warn of modest inflows, citing weak on-chain engagement and DeFi TVL declines. This creates a split between institutional optimism and actual user activity, and this may be an ongoing theme as Q4 continues. SOL Outlook: Key Levels and Risk Zones to WatchSOL is now consolidating below or around $202.90 (EMA 10). Bulls must reclaim $212.24 (SMA 20) to shift momentum. A break above this level could target $225 and $237.79 in a bullish scenario.However, failure to hold above $195 risks a slide to $190, then $180, with deeper support near $173.71 (SMA 200).

According to Foresight News, the Chicago Mercantile Exchange (CME) has announced the launch of Solana (SOL) and XRP futures options, now available for trading. Customers can trade SOL, Micro SOL, XRP, and Micro XRP futures options with daily, monthly, and quarterly expirations.The first trade of XRP futures options took place on Sunday, October 12, executed by Wintermute and Superstate. Meanwhile, the initial trade of SOL futures options occurred on Monday, October 13, carried out by Cumberland DRW and Galaxy.

According to BlockBeats, Bloomberg analyst James Seyffart reported that VanEck has submitted an updated application to the U.S. Securities and Exchange Commission (SEC) for a Solana staking ETF. The proposed fee for this ETF is set at 0.30%.

Key Takeaways:SOL rises 1.42% over the past 24h, outperforming Bitcoin and EthereumWhale wallets accumulate 4.2M SOL, reinforcing high-conviction investor interestSOL treasury firms hold 2.46% of supply, backing long-term growth thesis Solana Price Climbs Past $200 on Positive DevelopmentsSOL climbed over 1.42% in the last 24 hours, hovering at $195 at the time of writing and leading the broader crypto market in a recovery. A bullish breakout from the $172 support zone marked a strong rebound following last week's sharp correction. The move coincides with the announcement of a KRW stablecoin partnership, institutional wallet inflows, and technical indicators flashing recovery momentum. Korean Stablecoin Deal Boosts Institutional UtilityThe Solana Foundation announced a strategic partnership with South Korea’s Wavebridge to launch a Korean won (KRW) stablecoin, designed for compliance and institutional adoption. The initiative will integrate with Korean regulatory frameworks and aims to power cross-border settlements, leveraging Wavebridge’s $2 billion+ monthly crypto flows.This move expands Solana’s real-world financial use cases in Asia’s third-largest economy and may increase network utility. According to ARK Invest, stablecoin activity already accounts for 37% of Solana’s $223M Q3 revenue. Whale Accumulation Signals Confidence Despite Broader LiquidationsWhile the broader crypto market witnessed $624M in liquidations, Solana saw net inflows.Key data includes:Whale wallets added 4.2 million SOL (~$823M) since October 10.Exchange outflows totaled $27M, indicating a shift toward self-custody.These flows suggest strategic accumulation amid broader ETF outflows ($755M in Bitcoin and Ethereum exits on October 13), with whales treating the recent correction as a discount opportunity. However, concentration risk remains, with the top 10 wallets holding 33% of the SOL supply. Technical Indicators and Treasury Activity Support Bullish ThesisFrom a technical perspective, SOL held its 200-day EMA at $186.68, signaling strong support.The RSI (43.47) shows room for further upside. Analysts now eye the $208 and $225 resistance levels, with a potential target of $250 if the breakout holds.Source: TradingViewSource: TradingViewMeanwhile, Solana treasury companies (DATs) are becoming a structural pillar for the token. Over the past 30 days, 6.3 million SOL—over 1.6% of supply—has been accumulated by publicly traded firms.Key points:DATs now hold 2.46% of SOL supply, worth nearly $3 billion.Top holders include Forward Industries (1.249%) and DeFi Development Corp.With no Solana ETFs yet on the market, DATs serve as a proxy investment vehicle, offering yield-generation and flexibility not seen in passive ETF structures. What’s Next for Solana: Key Levels to WatchLooking ahead, traders are watching for a confirmed breakout above the $208–$225 resistance zone. If successful, SOL could aim for $250 and beyond, potentially reclaiming its $300 all-time high. However, failure to hold $199–$190 support may trigger short-term pullbacks.

According to BlockBeats On-chain Detection, a hacker who previously stole funds from a user on a centralized exchange (CEX) has recently acquired an additional 111,323 SOL, valued at $23.23 million. This transaction occurred three hours ago, bringing the hacker's total holdings to 212,000 SOL, worth approximately $46.18 million, with an average purchase price of $217.6 per SOL. In a similar move to previous transactions, the hacker converted $23.236 million in DAI to USDC and transferred it cross-chain to Solana. The entire amount was then used to purchase 111,323 SOL at a price of $208.7 per SOL.