This week, Solana makes headlines with its first staking ETF, DeFi activity surges to new heights, and long-dormant Bitcoin wallets awaken, moving billions. 🧵
Solana has achieved a significant milestone with the launch of the REX-Osprey Solana + Staking ETF (SSK).
This ETF offers U.S. investors direct exposure to Solana (SOL) and its staking rewards, marking the first of its kind in the country.
On its debut, SSK recorded $33 million in trading volume and $12 million in inflows, outperforming XRP futures. The fund's unique structure allows it to bypass traditional spot ETF approval processes, signaling a new era for crypto investments in the U.S.
In the decentralized finance (DeFi) sector, platforms like PancakeSwap have driven transaction fees to their highest levels in 2025.
Monthly DeFi fees have surged to approximately $577 million, a 58% increase from April's low of $366 million. PancakeSwap alone has accumulated $275 million in fees through its automated market-making services and yield farming mechanisms.
This resurgence indicates renewed momentum in on-chain activity and investor interest.
Meanwhile, the crypto community was abuzz as two long-dormant Bitcoin wallets, each holding 10,000 BTC acquired in 2011, moved a total of 20,000 BTC after 14 years of inactivity.
Valued at over $2 billion, this movement has sparked speculation about potential market impacts. Analysts note that such large transfers are closely monitored due to their potential influence on Bitcoin's price dynamics.
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