The SEC has postponed its decision on Canary Capital’s PENGU ETF, which would offer exposure to the Solana-based PENGU token and Pudgy Penguins NFTs. The delay keeps regulatory uncertainty alive for hybrid crypto-NFT products and their investors.
Solana has surpassed Ethereum to become the largest chain for tokenized stocks by total market capitalization. The shift reflects rising issuance and trading activity on Solana, aided by lower fees and faster settlement.
Morgan Stanley is launching spot ETFs to give its 19+ million clients direct exposure to Bitcoin (BTC) and Solana (SOL). The offering marks a further step toward mainstream institutional access and could boost liquidity for SOL.
Morgan Stanley has filed an S-1 registration for a Solana Trust, a regulatory step toward offering nine active and seven pending Solana-based ETFs. The move could widen institutional access to SOL products if approved.
Jupiter co-founder Siong Ong is weighing whether to pause the Solana DEX’s JUP buyback after more than $70 million spent with little impact on price. The reconsideration raises questions about treasury efficiency and token support strategy.
PeckShield flagged HNUT, a Solana meme token themed around “Holly The Squirrel,” after the token collapsed about 99% shortly after launch in what on-chain analysts call a bundled rug pull. The incident raises fresh concerns about fast-moving meme projects on Solana.
Circle’s USDC Treasury destroyed about 51 million USDC on Solana on Dec. 29, further reducing the stablecoin’s circulating supply. Whale Alert flagged the burn as part of Circle’s ongoing supply management efforts.
On-chain activity on Solana plunged roughly 97% as memecoin trading evaporated in 2025, turning the network’s former growth engine into a key risk factor. The sharp drop is fueling debate about the chain’s resilience and near-term outlook for SOL.
Charles Hoskinson used X to tout NIGHT’s recent outperformance, saying the Midnight network token has beaten both XRP and SOL. The remarks on Dec. 21 drew attention because Hoskinson is a high-profile figure in the crypto community.
Coinbase CEO Brian Armstrong tweeted “I like @Solana” on Dec. 19, 2025, catching the crypto community off guard. The concise endorsement could shift short-term sentiment around SOL and draw renewed attention to the Solana ecosystem.