Solana price dips despite VanEck’s new ETF entering the market

Bitwise has officially listed Bitcoin, Ether, and Solana exchange-traded products (ETPs) on Nasdaq Stockholm, providing local investors with regulated access to these cryptocurrencies through spot and staking-based products. This move marks a significant expansion of Bitwise's presence in the European market.

Figure Technology has introduced a blockchain platform designed for direct stock lending, enabling real shares to be issued and lent on a blockchain infrastructure, marking a significant innovation in the equity market.

Solana's price has surged by 25% from its lowest level in December, coinciding with a significant increase in active addresses on the network, reaching a six-month high. This uptick in user engagement suggests growing interest and activity within the Solana ecosystem.

Solana has publicly criticized Ethereum's Layer 2 solution, Starknet, highlighting a significant disparity between its high valuation and low user activity. This critique raises concerns about the sustainability of such valuations in the cryptocurrency market.

A special purpose acquisition company (SPAC) affiliated with the cryptocurrency exchange Kraken has filed for a $250 million initial public offering (IPO) on Nasdaq, as indicated in a registration statement submitted to U.S. regulators on January 12. This move marks a significant step for Kraken as it seeks to expand its presence in the public markets amidst a fluctuating cryptocurrency landscape.

Upexi has entered into a $36 million agreement with Hivemind Capital to enhance its holdings in Solana, a significant move that could reshape market dynamics and bolster investor confidence in the cryptocurrency. This deal follows Upexi's recent efforts to expand its treasury, which is already among the largest in the Solana ecosystem.