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Solana News: Solana Powers Kalshi, Latest TradFi Giant Dips Into SOL

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Market Overview

Crypto remains on edge after Bitcoin slipped below $90K (again), turning last month into BTC’s second-worst November since 2019 due to its -17% slide.

https://twitter.com/coinbureau/status/1995002330023170295

Bitcoin slid to $86,800 after China doubled down on its crypto ban, with altcoins getting the sharp end of the stick.

https://twitter.com/Cointelegraph/status/1995259836422832515

The result? Massive liquidations, with more than $900 million wiped away from traders due to thin liquidity.

https://twitter.com/KobeissiLetter/status/1995517305657467040

https://twitter.com/KobeissiLetter/status/1995300000197169520

Solana’s top ecosystem tokens are a mixed bag, with Basic Attention Token (BAT) enjoying an 18% weekly gain. Overall, the sector’s market cap took a 5% haircut to $174 billion while trading volume slumped 8% to $14.5 billion.

Source: CoinMarketCap

Solana is planting its roots in the growing prediction markets while SOL holds on to its institutional appeal.

https://twitter.com/WuBlockchain/status/1995610827458838961

  • Cantor Fitzgerald’s latest SEC filing shows its first stake in a regulated Solana ETF, signaling growing Wall Street participation in SOL exposure. The firm reported 58,000 shares of the SOLZ ETF.

https://twitter.com/martypartymusic/status/1995605959205683242

https://twitter.com/Kalshi/status/1995585557930672473

Solana’s Performance

SOL ended the week down 6% after slumping to $128. But sentiment can flip as President Donald Trump prepares to make a major announcement at 7 p.m. UTC.

https://twitter.com/Whale___SOLL/status/1995808499591180475

Source: CoinMarketCap

Solana took a mild hit after its 22-day ETF inflow streak was broken by $TSOL’s outflows.

https://twitter.com/SolanaFloor/status/1994119908788195659

L1 Ranking Update

Solana’s total value locked (TVL) in DeFi took another knock after it fell 6% to $8.5 billion, but it still maintains its second position.

Source: DeFiLlama

DeFi

Degens were clicking those buy and sell buttons as the DEX volume rose 6%, while the 30-day cumulative figure stands at $103 billion.

Source: DeFiLlama

Biggest Winners & Losers

Top Performers

Biggest Losers

Source: CoinMarketCap

Latest Solana News

Hidden Fees Hit Solana Traders

A malicious Chrome extension called Crypto Copilot lets users trade Solana directly from X while it secretly adds an extra transfer to every swap. The extension siphons at least 0.0013 SOL or 0.05% per trade, quietly routing funds to the creator’s wallet.

https://twitter.com/TheHackersNews/status/1993641861022617890

Forward Industries Doubles Down on Solana

Forward Industries has hired former ParaFi executive Ryan Navi as chief investment officer to lead its Solana treasury strategy. He will drive capital markets opportunities and guide how the firm expands its staking and validator operations.

https://twitter.com/FWDind/status/1995535184695791871

CoinShares Steps Back From U.S. Spot ETF Race

CoinShares has pulled its U.S. spot ETF applications for Solana, XRP, and Litecoin as the firm exits a crowded market dominated by major TradFi players. The move marks a strategic retreat ahead of its planned Nasdaq listing.

https://twitter.com/CoinMarketCap/status/1994855161479512347

Solana Leads x402 Payments

Solana hit a record $380,000 in daily x402 payments, jumping 750% in a week and cementing itself as the top network powering real on-chain machine payments.

https://twitter.com/solana/status/1995699607666655472

What You Can Do Now

  • Track ETF inflows to spot emerging catalysts for SOL.

  • Review your extensions and secure your wallet against hidden skims.

  • Adjust your trades to align with current volatility and muted market sentiment.