$SOL
From a regulatory perspective, the U.S. Securities and Exchange Commission (SEC) requires institutions applying to issue Solana spot ETFs to resubmit revised documents within 7 days, focusing on the wording of pledge terms and physical redemption mechanisms. This means that the SEC is no longer avoiding Solana's pledge issue, but is trying to incorporate it into the regulatory framework. Sources predict that after the document update is completed, the Solana ETF is expected to be approved in the next three to five weeks, and Bloomberg Industry Research analysts even believe that it will be approved as early as July. Once approved, a large amount of funds may flow in, forming a strong support for Solana's price.
In terms of technical upgrades, Solana also has big moves. It plans to launch the Firedancer validator client developed by Jump Crypto, with the goal of increasing network throughput to millions per second. It will also upgrade Runtime v2, introduce support for the Move language, optimize dynamic memory allocation, and solve performance bottlenecks during high-frequency trading. If these upgrades are successfully implemented, they will greatly improve the performance and stability of the Solana network.
Ecological construction has also achieved fruitful results. Visa has extended USDC settlement to Solana, and Shopify also plans to integrate Solana Pay, allowing many merchants to use fee-free Web3 native payments. MakerDAO is also considering building a new DeFi lending protocol based on Solana's SVM. In addition, Virtuals Protocol, the AI proxy protocol on the Solana chain, has been extended to Solana, and plans to convert 1% of transaction fees into SOL reserves, enriching the ecological application scenarios.
In terms of market performance, SOL futures open interest hit a two-year high, indicating that capital activity and investor bullish sentiment are high. Although prices fluctuate, there has been a cumulative increase of 15% in the past month. In general, Solana has been continuously positive recently, and its development momentum is quite strong, which deserves our continued attention!
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