🚨 #SOL #Update — What’s Hot on Binance? 🚨
1. Solana ETF progress in the U.S.
Three issuers — Canary Marinade, 21Shares, and Bitwise — submitted amended Solana ETF filings to the SEC on June 13, addressing regulator concerns. But the SEC is in no hurry to approve, suggesting a cautious pace 🚦 .
2. Major banks go public-chain
HSBC, BofA, Euroclear, MAS, and others are partnering with R3 and Solana Foundation. This move integrates Solana into tokenized asset pipelines for real-world securities — a big step toward institutional adoption .
3. Hashflow (HFT) fully integrated on Solana
Binance enabled HFT deposits/withdrawals on the Solana network as of June 5 — improving liquidity and utility across DeFi ecosystems .
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🔥 Market Pulse & Technicals
SOL price action: Trading around $145–$148 on Binance; down ~1–3% in recent sessions .
Bullish setup forming: Chart shows a potential falling-wedge with Fibonacci support near $140. A breakout could target $204–$258 .
Institutional demand rising: Solana futures open interest has climbed ~12% to ~$7.5B, and spot-ETF odds surged to ~91% .
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🚀 Takeaway
Solana is gaining momentum across several fronts:
ETF filings inch forward (though approval remains patient)
Integration with legacy financial systems adds real-world depth
Onchain indicators and futures data signal growing institutional interest + bullish technicals
If SOL holds support and breaks the chart patterns, next rails could be strong — keep an eye on $150+ levels!#
