Solana News on July 10th, 2025

Crypto ETFs - Crypto ETFs for Bitcoin, Ethereum, Solana, and XRP have reached record assets under management amid strong inflows, though analysts warn of a potential summer market lull.

Solana ETF - The likelihood of spot Solana ETF approval has risen to around 95–97%, with the SEC setting a July deadline for refilings and a potential pre-October decision, coinciding with bullish technical patterns on SOL’s chart.

Bitwise - Bitwise highlighted the growing momentum in tokenization of real-world assets on blockchains like Ethereum, Solana, and XRP, positioning them as key players in the sector.

Pump.fun – Pump.fun plans to share 25% of its revenue with token holders and has officially announced its ICO. They also made their first acquisition by purchasing Kolscan, a wallet tracking platform focused on top onchain traders.

Crypto Market - The crypto market rose to $3.54 trillion with Bitcoin reaching a new all-time high above $113,000, Ethereum surpassing $3,000, and Solana trading around $157–$159 amid volatility from geopolitical conditions.

Sui - Investor Raoul Pal allocated over 70% of his portfolio to Sui, favoring it over Solana for its massive growth potential, though he believes it is unlikely to surpass Solana in the current cycle.

Kraken & Backed - Kraken and Backed expanded xStocks support to BNB Chain, enabling tokenized U.S. equities trading as BEP-20 tokens, including assets like AAPLx, TSLAx, NVDAx, and SPYx.

Phantom - Phantom’s new “Perps” tab enables up to 40× leveraged perpetual futures trading within its Solana wallet, powered by Hyperliquid’s Layer 2 for instant on-chain settlement across over 100 markets.

Ethereum - Fidelity views Ethereum as the stronger long-term bet due to its robust ecosystem, despite Solana's faster recent growth in revenue and total value locked.

Anthony Scaramucci - Anthony Scaramucci supports Bitcoin as a legitimate asset but warns that meme coins create market contagion and distraction, harming the crypto industry's credibility

Solana Policy Institute – The newly-formed Solana Policy Institute, led by former Blockchain Association CEO Kristin Smith, is pushing for more equities to be issued onchain through a regulatory initiative called "Project Open".

BIT Mining (BTCM) – BIT Mining announced a major pivot to Solana, planning to raise $300 million to acquire SOL tokens. The news caused a 250% spike in its stock price.

USD Macro Outlook – Market consensus suggests the dollar is headed lower due to Trump’s tariff policy shifts, dovish Fed expectations, and bearish positioning — through the crowded trade setup may lead to volatility in the near term.