Solana News on July 4th, 2025

A relatively light day of news, but this is expected with it being a US holiday.

1. Perena - Solana-based stablecoin trading infrastructure project, completed a new funding round with over 350 supporters, including Susquehanna, Native CryptoX, and Hermeneutic Investments, following a $3 million pre-seed led by Borderless Capital.

2. REX-Osprey Solana + Staking ETF - The first U.S. Solana staking ETF, launched by REX Shares and Osprey Funds under the Investment Company Act of 1940 with Anchorage Digital as custodian, debuted on July 2, 2025, with $12 million in inflows, $33 million in trading volume, and $1 million in assets under management, overcoming SEC regulatory hurdles.

3. Jito - The Jito Foundation upgraded TipRouter to enable direct allocation of Solana’s priority fees to stakers, allowing them to select validators based on allocation ratios, enhancing staking efficiency.

4. Jupiter - Jupiter Studio launched a token creation platform offering advanced customization, support for USDC, SOL, or JUP, flexible vesting, anti-sniping features, and exchange fee revenue sharing to streamline token launches on Solana.

5. Upbit - Listed the Solana-based memecoin #MOODENG with KRW, BTC, and USDT trading pairs, boosting its visibility and trading activity.

6. Circle - Minted 250 million USDC on the Solana blockchain, doubling the stablecoin market value on the network and enhancing liquidity for institutional and retail users.

7. Potential Solana ETF Impact - The approval of a Solana ETF is poised to catalyze a new altcoin supercycle, potentially increasing institutional and retail investor participation in alternative cryptocurrencies and boosting market activity.