Galaxy Digital has made a significant investment in the cryptocurrency space, with a focus on Solana, through a $1 billion treasury fund. This move highlights the growing interest and confidence in the Solana ecosystem and its potential for future growth.

Solana's price surged by 15% to reach $200, fueled by increased interest and accumulation of altcoins in the market. This rise reflects a broader trend of growing activity and investment in the altcoin sector, as traders look for opportunities amid fluctuations in cryptocurrency values.

BIT Mining has nearly doubled its Solana (SOL) holdings to 44,000 tokens, while Upexi reported a 126% increase in its adjusted SOL per share. The current trading value of SOL is around $226, with Upexi’s crypto treasury now valued at over $456 million.

Fidelity's application for a spot Solana ETF has been acknowledged by the SEC, moving it closer to potential approval. Meanwhile, the price of Solana dropped by 15% due to market turbulence following President Trump's tariffs.

The Solana Foundation has facilitated numerous discounted token sales, leading to an increase in Solana-based digital asset treasuries. While this strategy boosts demand and visibility within the ecosystem, it may create valuation pressures for these treasuries as their numbers grow.

Researchers from Safety have discovered infostealer malware targeting Russian cryptocurrency developers through npm packages designed to appear legitimate. These malicious packages, which aim to extract sensitive information such as cryptocurrency credentials, are linked to servers in the USA, raising suspicions of state-sponsored activity against Russia's ransomware operators. Developers in the Solana ecosystem are advised to secure their software supply chains to mitigate these threats.

The article discusses the establishment of a leading treasury company focused on Solana, emphasizing its strategic importance in the cryptocurrency market. It outlines the company's goals, plans for asset management, and how it aims to contribute to the growth of the Solana ecosystem. The initiative is positioned as a significant step in enhancing liquidity and investment opportunities within the blockchain space.

The SEC has requested updated S-1 filings from issuers of spot Solana ETFs, indicating potential approval within the next two to four months, according to Bloomberg analyst Eric Balchunas. Following news of this timeline, Solana's price increased, and stocks of companies associated with Solana also saw significant gains.

Helius Medical Technologies is raising over $500 million to establish a Solana-focused treasury, aiming to accumulate the SOL token and generate income through staking and decentralized finance opportunities. Led by Pantera Capital, the financing round has resulted in a stock surge of over 200%, positioning Helius to compete with other digital asset treasuries like Forward Industries.

Solana's CEO criticized the growing trend of memecoins and NFTs, referring to them as "digital slop" that dilutes the value of more serious blockchain projects. He emphasized the need for higher quality applications in the cryptocurrency space to attract sustainable investment and innovation.

Franklin Templeton, Galaxy Digital, Grayscale, VanEck, and Fidelity have submitted updated S-1 filings for spot Solana ETFs, suggesting the SEC may be closer to approving these products. The SEC's request for amendments indicates a potential timeline of two to four months for approval, with a focus on in-kind redemptions and staking strategies.