Solana news

The U.S. Treasury and IRS released guidance that creates a safe‑harbor for exchange‑traded crypto products to stake digital assets and pass the rewards to investors, clearing a major regulatory hurdle. To qualify, trusts must hold only one proof‑of‑stake token, follow liquidity rules, perform only holding, staking and redemption, and use a custodian and an independent staking provider. Industry leaders say the move will boost mainstream adoption of PoS blockchains such as Ethereum and Solana; Treasury Secretary Scott Bessent highlighted increased investor benefits and innovation.

Digital asset investment products lost $1.17 billion last week, the second straight week of sharp outflows, led by Bitcoin and Ethereum with $932 million and $438 million respectively. The US market saw $1.22 billion exit, driven by uncertainty over a possible December interest‑rate cut and a looming government shutdown, while European investors added $91 million, mainly from Germany and Switzerland. Short Bitcoin ETPs attracted $11.8 million, the largest since May 2025, reflecting concerns that the rally may falter amid macro and regulatory risks. Meanwhile, Solana bucked the trend, drawing $118 million in inflows—its ninth consecutive week of net positives—and adding to a $3.3 billion year‑to‑date haul, with other altcoins like HBAR and Hyperliquid also gaining modestly. XRP also posted inflows, indicating selective altcoin strength even as major coins struggle. If Washington’s gridlock eases or Fed signals dovishness, risk appetite could recover, but worsening conditions may widen outflows.

Bitcoin and major cryptocurrencies gained as U.S. President Donald Trump floated a $2,000 “tariff dividend” for every American, funded by import duties. The proposal, shared on Truth Social, lifted risk appetite but faced questions over feasibility and inflation. BTC rose 4.6% to $106,440, ETH up 6.1% to $3,618, XRP jumped 8.5% to $2.48, and SOL gained 6.1% to $167.96. The rally was partly driven by Canary Capital’s announcement of a pre‑effective S‑1 amendment for its planned XRP ETF.

Zenrock’s wrapped Zcash token, zenZEC, has traded roughly $15 million on Solana since its Oct. 31 debut, marking the first major privacy feature to enter Solana’s DeFi space. Backed 1:1 by native ZEC and secured through a decentralized MPC network that splits the private key across independent nodes, zenZEC lets holders use Zcash privacy on-chain, with liquidity already flowing on Orca and plans to serve as collateral in Solana protocols.

Bitcoin slid below its $100,000 threshold last week but has since rebounded, trading above $103k after a 1.6% gain. The turnaround follows a sharp narrowing of the SOFR‑EFFR spread from 0.35 to 0.05, the largest widening since 2019, signaling that U.S. banking liquidity has eased and risk appetite has returned. Parallel drops in the Federal Reserve’s standing repo borrowing and a stalled dollar index further support a bullish bias. With these conditions, Bitcoin and peers like Ethereum, XRP, Solana and BNB are gaining 1.5‑2.5% on the week’s run‑up. Yet investors should watch U.S. spot‑ETF inflows, which have seen $2.8 bn outflows, and the dollar index’s resistance at 100.25, a break above which could temper the rally.

Since debuting on Oct. 28, Bitwise’s Solana Staking ETF (BSOL) has attracted over $545 million in net inflows, including $223 million in seed capital, with a 5 % share‑price rise on Friday. Investors have pushed daily inflows for eight days, signalling strong demand for Solana exposure despite the token’s 29 % monthly decline. In contrast, 11 spot Bitcoin ETFs have shed more than $2.1 billion, and nine Ethereum funds have lost $579 million since the start of the year. Bitcoin has fallen about 16 % from its record high, while Solana’s price has dropped 16 % in the past week. The BSOL launch came amid a market‑wide downturn tied to a government shutdown and other macro uncertainties.

Bitcoin hovered around $102,000, marking the first 24‑hour gain after four straight days of decline, while a stronger dollar and cautious global equities weighed on market sentiment. The total crypto market cap edged up 1% to $3.4 trillion, but traders view the pause as fragile. Altcoins such as Solana, XRP, and Dogecoin pulled back, though BNB and Dogecoin gained modestly. On‑chain data shows 375,000 BTC added by accumulator addresses, yet risk‑averse sentiment and a potential slide below $100k could trigger further liquidations.

Solana’s price rebounded 1% in 24 hours but remains 31% lower than a month ago. Technical indicators show a bearish tilt: the 50‑day EMA is approaching a crossover below the 100‑day EMA, and the On‑Balance Volume stays under a descending trendline, signaling weak buying momentum. Net exchange flows swung from a 293,015‑SOL outflow on Nov 4 to a 17,649‑SOL inflow on Nov 5, reflecting renewed selling pressure. Unless OBV rises above its trendline and outflows persist, Solana’s support at $146 risks collapse, potentially dragging the price toward $126. A rebound would need bullish netflows and a flattened EMA crossover.

Iggy Azalea has joined Solana‑based launchpad Thrust as creative director and strategic partner, aiming to curb pump‑and‑dump celebrity tokens and promote sustainable “culture coins” tied to legally binding contracts. The platform will vet each coin, with Megan Fox slated to launch one in December. Azalea’s own MOTHER token is expected to migrate to Thrust by year‑end, and the first culture coin will feature streamer N3on. Thrust’s co‑founder says the goal is to protect creators and fans from past scams.

Spot Bitcoin and Ether ETFs suffered their fifth straight day of net outflows, with Bitcoin ETFs losing $578 million (the steepest single‑day decline since mid‑October) and Ether ETFs dropping $219 million. BlackRock’s iShares Bitcoin Trust, Fidelity’s FBTC and Grayscale’s GBTC led the withdrawals, while Ether funds have shed nearly $1 billion since late October. In contrast, Solana spot ETFs posted $14.83 million in net inflows for a sixth consecutive day, driven by Bitwise’s BSOL and Grayscale’s GSOL as institutional traders seek yield‑bearing altcoins. Analyst Vincent Liu said the inflows reflect macro risk‑off and a fresh narrative around Solana’s speed, staking and yield.