Competition is heating up as more exchanges set up operations in Europe, where MiCA provides new “rules of the road.”

Competition heats up as crypto exchanges vie for European market

Solana has returned to the spotlight as speculation around a potential Solana 
ETF approval gains momentum. While still unconfirmed, growing signals from 
market insiders suggest that regulatory green lights may not be far off. If 
approved, a Solana ETF would mark a major milestone for the ecosystem, opening 
the door to traditional capital flows and broader institutional exposure, 
similar to what Bitcoin and Ethereum experienced following their own ETF 
breakthroughs. For long-term investors, this development could set the 
foundation for a new phase of sustainable growth. Related Reading: Strong 
Ethereum Accumulation Detected: LTH Buying Heavy During June Consolidation 
Supporting this bullish outlook is fresh data from Glassnode, which shows that 
the number of wallets holding over 0.1 SOL has reached a new all-time high. 
This milestone marks an increase in retail participation and growing 
confidence in Solana&#8217;s long-term potential. As the network continues to 
mature, the rise in small holders also signals expanding grassroots 
adoption—an encouraging sign during a period of market uncertainty. While 
short-term price action may still be driven by broader macro trends, sentiment 
around Solana is clearly improving. If ETF approval becomes a reality, the 
combination of increased accessibility and rising on-chain adoption could 
significantly boost Solana’s market position in the coming months. Solana 
Growing On-Chain Adoption Solana is currently trading below the $150 mark 
after experiencing a sharp retracement from its May high. The asset has lost 
more than 20% in value since peaking earlier this cycle, driven largely by 
broader market consolidation and declining risk appetite across altcoins. 
Despite the recent pullback, SOL continues to hold a strong support zone near 
the $135–$140 range, which has proven resilient during previous sell-offs. 
Analysts remain cautiously optimistic, noting that a sustained push above key 
supply zones—particularly the $155–$165 range—could reignite bullish momentum. 
However, the market remains in a phase of indecision. Price action across 
major assets, including Solana, reflects uncertainty as traders wait for a 
clear breakout or breakdown to confirm the next move. Without a strong 
catalyst, SOL may continue to consolidate alongside the broader altcoin 
market. Amid the sideways price action, one encouraging signal is the growing 
on-chain adoption. Top analyst Ali Martinez shared data from Glassnode showing 
that the number of wallets holding over 0.1 SOL has reached a new all-time 
high, now exceeding 11.44 million. This steady rise in non-zero wallets points 
to expanding retail participation and long-term holder confidence, even as 
short-term volatility persists. The divergence between price action and user 
adoption suggests that Solana’s fundamental growth remains intact. If momentum 
returns and macro conditions improve, Solana may be well-positioned for a 
breakout, especially with ETF rumors fueling speculative interest. For now, 
the $150 level remains a psychological pivot as the market watches for signs 
of direction. Related Reading: Bitcoin Dominance Shows Bearish Divergence – 
Altseason Could Be Near SOL Price Action Details: Key Levels To Watch Solana 
(SOL) is currently trading at $149.30, just below the key resistance 
confluence of the 50-day, 100-day, and 200-day moving averages, all clustered 
between $150 and $151. This area has acted as a strong technical barrier, and 
SOL&#8217;s repeated failure to reclaim it reflects the market&#8217;s hesitancy amid 
broader uncertainty. After rallying to $159.99 earlier in the session, bears 
stepped in and pushed the price back down, closing the candle with a bearish 
wick, signaling ongoing selling pressure. The chart reveals a prolonged 
consolidation pattern that has developed since the mid-May rejection near 
$180. Despite several bounce attempts, SOL has not been able to regain bullish 
momentum. The volume profile also suggests fading interest during upswings, a 
common trait during accumulation or exhaustion phases. Notably, price remains 
above the March low, preserving a key higher low structure, which is crucial 
for the broader bullish outlook. Related Reading: Bitcoin Struggles Below ATH 
After Weeks Of Failed Attempts – $109K Level In Focus If SOL breaks above the 
$151–$155 range with sustained volume, it could trigger a move toward $180. 
However, failure to clear this resistance might lead to another test of 
support around $135. Traders should watch for a decisive close above the 
moving average cluster to confirm trend continuation, especially with ETF 
speculation fueling long-term optimism. Featured image from Dall-E, chart from 
TradingView

Solana Hits New Milestone: Wallets Holding 0.1+ SOL Reach Record High

Money markets platform Spiko is tapping into Chainlink’s cross-chain 
interoperability protocol to enable multichain access to over $380 million in 
regulated on-chain funds. The European fintech announced on July 1, 2025, 
noting that it was integrating Chainlink (LINK), with the…

European fintech Spiko integrates Chainlink’s CCIP for $380m money market funds

The Katana mainnet has officially launched, introducing a new decentralized 
finance (DeFi) platform designed to enhance liquidity and yield opportunities 
in the sector. With over $240 million in pre-deposits within weeks of its 
announcement, Katana is now live, offering users the chance to earn from day 
one through a liquidity mining incentive of 1 billion […]

Katana Mainnet Launches, Promising Higher DeFi Yields With Incentives for Users

Bitcoin selling intensified this week, but data shows an assortment of buyers 
absorbing the flow.

Bitcoin analysts say market quickly absorbs selling, paving way for a bullish July

Many provisions of the legislation, which received overwhelming support in the 
state House and Senate, take effect on Oct. 1.