The Washington attorney general became the latest state authority to sue 
Kalshi, alleging on Friday that the prediction markets operator violated state 
regulations.

Kalshi legal woes grow with Washington state gambling suit

Crypto ETFs closed the week under heavy pressure, with bitcoin posting a sharp 
outflow and ether extending its losing streak. Solana declined further, while 
XRP remained inactive. Bitcoin, Ether ETFs Deepen Losses as Weekly Selling 
Peaks The week did not end quietly. Instead, it closed with conviction, and 
not the kind bulls would have hoped […]

Bitcoin ETFs Cap Week With $225 Million Outflow as Ether Hits 8-Day Slide

Solana’s derivatives market is signaling something the price chart doesn’t 
fully show—and it matters right now. According to data from Coinglass, 
Solana&#8217;s total open interest across all exchanges is currently at $5.44 
billion, which is about 65.12 million SOL in outstanding futures contracts. 
That figure places open interest back within the same range it occupied in 
April 2025, effectively erasing nearly a full year of buildup in the asset 
Related Reading: UK Slaps Sanctions On $20B Crypto Black Market Tied To 
Southeast Asia Scam Rings A Year&#8217;s Worth Of Leverage Is Gone According to 
CoinGlass, Solana’s open interest is currently around $5.45 billion, a level 
that stands far below the peaks seen during the late-2025 run-up. From late 
April 2025, Solana&#8217;s open interest continued to climb, scaling from the $5 
billion to $6 billion range through the summer months, breaking past $12 
billion by mid-July, and ultimately peaking around $15 billion to $16 billion 
in mid-September 2025 when the SOL price was trading above $240. However, what 
followed that peak was an unwinding that has lasted for the past few months. 
Solana&#8217;s open interest fell through October and November 2025, briefly 
stabilized in December, then finally collapsed in January and early February 
2026. At the time of writing, Solana&#8217;s open interest has now dropped to $5.44 
billion, which appears to be the lowest point since early April 2025. That is 
important because it shows the Solana price ecosystem has unwound nearly a 
full year of speculative buildup. Many of the traders who were previously 
amplifying Solana’s moves through leverage are no longer as active. Solana 
Open Interest. Source: Coinglass What This Means For SOL Price The 
distribution of that $5.44 billion across trading exchanges shows that Binance 
holds the largest share at $951.84 million, which is about 17.49% of total 
open interest. This is followed by CME at $672.55 million and Bybit at $617.30 
million. KuCoin stands out in the short-term data, recording the largest 
24-hour OI change among major venues at +10.42%, though it originates from one 
of the smaller books in the table at $402.69 million. The CME open interest 
number is notable to watch, as it means that institutional participation via 
regulated futures is still holding up compared to other exchanges. Total 
Solana Open Interest. Source: Coinglass There is an important relationship 
between price and open interest. Whenever an asset&#8217;s price rises alongside 
open interest, it means new money is entering and momentum is being 
reinforced. On the other hand, when price falls and open interest also falls, 
it usually points to a reset, where positions are being closed and leverage is 
being removed from the system. Related Reading: Shiba Inu Under Pressure As 
Nearly 40B Netflow Surge Hits Exchanges This can be read in two ways. The 
bearish reading is that fewer leveraged traders means less immediate buying 
pressure and less momentum support, which can leave price vulnerable if spot 
demand does not step in. The more constructive reading is that a large part of 
the excess leverage has already been washed out. At the time of writing, 
Solana is trading at $83.51, down by 2.7% in the past 24 hours. Featured image 
from Unsplash, chart from TradingView

What The Solana Open Interest Is Saying About The Cryptocurrency Right Now

The closed-end Fundrise Innovation Fund holds stakes in private technology 
companies including Anthropic, Databricks and SpaceX, and came public earlier 
this month.

Tokenized platform xStocks brings new private shares fund on-chain

Saudi Arabia’s Petroline, the 1,200-kilometer crude pipeline connecting its 
eastern oil fields to the Red Sea, is now moving oil at its maximum rated 
capacity of 7 million barrels per day, offering a partial workaround to a 
Strait of Hormuz blockade that has cut normal traffic by an estimated 90 to 
95%. Hormuz Crisis Week […]

Cryptocurrency price in VND