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The launch of the first Solana futures exchange-traded funds (ETFs) marks a major milestone for institutional crypto adoption in the U.S. With these new financial products, investors gain regulated exposure to Solana (SOL) , potentially driving demand and liquidity. But can this institutional push propel SOL’s price toward the $500 mark ? On March 20, 2025, Volatility Shares LLC introduced two groundbreaking Solana futures ETFs: These ETFs represent the first U.S.-based funds tracking Solana futures, signaling growing institutional interest in the asset. The swift approval of Solana futures ETFs by U.S. regulators underscores a shifting stance toward digital assets. Experts suggest that this move could accelerate the path toward a spot Solana ETF, similar to the trajectory of Bitcoin and Ethereum. Justin Young, CEO of Volatility Shares, emphasized that this approval reflects a broader recognition of the importance of crypto in maintaining the U.S.'s leadership in financial markets. With the launch of these ETFs, expectations are high for increased institutional adoption. Analysts predict that the influx of institutional funds could significantly boost Solana’s market capitalization, narrowing the gap with Ethereum. However, some remain cautious, noting that futures-based ETFs often attract less capital compared to spot ETFs. Ahead of the ETF debut, Solana's price surged 12% , reaching $136 as traders positioned themselves for potential institutional inflows. Short-term resistance levels are set around $140, while key support sits at $127. While the immediate impact on Solana’s price remains uncertain, some analysts speculate that sustained institutional demand, combined with broader crypto market growth, could propel the SOL price toward the $500 target in the long run. The launch of Solana futures ETFs marks a turning point in institutional adoption of the asset. While initial inflows may be moderate, this development sets the stage for potential future spot ETFs, further increasing accessibility and demand for Solana. Whether SOL can reach $500 will depend on continued institutional interest, broader market conditions, and upcoming regulatory decisions. The key difference between a Solana ETF and a Solana Futures ETF lies in the underlying assets they track and how they provide exposure to Solana (SOL). Currently, only Solana Futures ETFs have been launched in the U.S., while a Spot Solana ETF is still awaiting regulatory approval.

TON Foundation has secured over $400 million in token-based investments from some of the most reputable venture capital firms. Editor’s note: This article has been updated to clarify that the $400 million figure represents a token-based investment in Toncoin, not a traditional funding round and includes a statement from a TON spokeperson. According to a March 20 press release sent to crypto.news, investors include Sequoia Capital, Ribbit, Paradigm, Benchmark, and Kingsway. The investment reflects increasing institutional interest in TON’s infrastructure and its ability to scale financial applications within Telegram’s ecosystem. “These venture capital firms hold over $400 million worth of Toncoin, which is the native cryptocurrency of the TON blockchain. By ‘token-based investment,’ we mean that the funding is provided in the form of Toncoin, rather than traditional equity or cash. It’s important to note that this is not a fundraising round. Instead, these VCs are placing their bets on the future success and utility of the TON blockchain, its growing ecosystem, and its potential to provide real-world utility for crypto holdings, especially within Telegram.” -TON spokeperson TON’s close relationship with Telegram has become a major growth driver. Earlier this year, TON became the underlying blockchain for Telegram’s Mini Apps Ecosystem, allowing developers to create integrated financial services and interactive experiences for Telegram’s massive user base of over 1 billion monthly active users. This connection has generated signifcant growth that has attracted investor attention. Specifically, the press release notes the number of active accounts on the TON network has increased from 4 million to 41 million in the past year. Also, the number of Toncoin ( TON ) holders totals 121 million which is larger than the total number of Bitcoin wallet holders. TON Foundation now aims to engage 30% of Telegram’s active users — approximately 450 million people — by 2028. The strategy involves expanding decentralized finance tools, multiplayer mini-games, and in-app payment solutions, while also introducing on-chain collectibles and rewards. The $400 million token-based investment is expected to drive further growth for TON by funding user acquisition, developer incentives, and product development. As Telegram’s reach expands, TON’s position as the backbone for financial services within the platform could solidify its role as a major player in the blockchain space. “The TON team is the best in the world at the intersection of consumer product thinking and crypto infrastructure. When you combine this with the global distribution of Telegram, we’re very excited to see where they go,” said Shaun Maguire, partner at Sequoia Capital.

Solana (SOL) has seen a significant surge over the last 24 hours, surging 6% to reach $135, according to data from CoinMarketCap. This price rally comes as optimism builds around the upcoming launch of a Solana futures ETF by Volatility Shares, which is set to debut on Thursday. As a result, investor interest has spiked, with daily trading volumes soaring by 74.71% to over $3.63 billion. Crypto analyst Ali Martinez pointed out on X that Solana’s futures Open Interest has climbed to $2.7 billion, levels not witnessed since October 2024. This resurgence in the derivatives market highlights increasing participation from both traders and investors. Related: Solana at 5: Impressive Growth, But Future Hinges on Firedancer Insights from Glassnode reveal crucial price levels where Solana’s supply is concentrated. A significant support zone lies at $112.10, where a substantial 9.7 million SOL (1.67% of the total supply) is held. Notably, this level already contained 4 million SOL back on January 19th, indicating that long-term investors have been accumulating more at this price point. Below this, the $94, $97, and $100 levels collectively hold nearly 21 million SOL (3.5% of supply), making them critical for preventing further downside. However, Glassnode cautions that if these levels were to break, the downside risk could increase sharply, as there’s relatively little trading volume in the range between $94 and $56. On the upside, recent price action has led to notable accumulation at $123 (16.2 million SOL, 2.7%) and $126 (19 million SOL, 3.2%). This demand could act as a cushion against further declines. Related: BNB Chain Now Tops Solana in DEX Trading, Price Jumps However, Glassnode highlights significant resistance at the current $135 level, where a considerable 26.6 million SOL is concentrated, and further up at $144, which holds an even larger 27 million SOL—nearly 5% of the total supply. Interestingly, the $144 level already held 20.6 million SOL on January 19th. Analyzing the technical indicators, the Relative Strength Index (RSI) is currently at 45, placing SOL in the neutral to bullish territory, which suggests a potential for a price rebound. The Bollinger Bands (BB) indicate that price volatility is narrowing, often a precursor to an impending breakout. Additionally, the 20-day Exponential Moving Average (EMA) is currently at $137.37. For Solana to gain further upward momentum, it will need to reclaim this level. Until then, the 20-day EMA presents a significant resistance point for the SOL token. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

The digital trail of the massive Bybit hack is getting clearer, revealing the hacker’s elaborate efforts to launder the stolen 500,000 ETH (worth a staggering $1.23 billion). The pilfered ETH was converted into 12,836 BTC and then scattered across a jaw-dropping 9,117 wallets, averaging just 1.41 BTC per wallet. To further muddy the waters and ensure anonymity, the attacker employed crypto mixers like Wasabi, CryptoMixer, Railgun, and TornadoCash. Related: FBI: North Korea’s “TraderTraitor” Gang Behind $1.5B Bybit Hack Despite these intricate maneuvers designed to obscure the funds, investigators have managed to trace a significant 88.87% of the stolen cryptocurrency, offering a glimmer of hope for recovery. However, a frustrating 7.59% of the funds have vanished without a trace, adding a layer of complexity to the ongoing investigations. In response, Bybit has swiftly frozen 3.54% of the stolen funds, amounting to 17,700 ETH worth nearly $35 million, preventing any further movement. This rapid action was made possible through quick collaboration with other exchanges and blockchain analysis firms. Bybit CEO, Ben Zhou, has issued a direct appeal to the crypto community, urging anyone with insights to assist in deciphering the complex layers of mixer transactions. Bybit’s security team has flagged the increasing use of Bitcoin mixers as a major obstacle in their recovery efforts. Decoding these transactions has now become the platform’s top priority. Just as Zhou emphasized in his post, “After mixer the funds went to various p2p vendors. We believe this trend will grow as more funds will go through mixers. Decoding mixer transactions is the number one challenge we face now. If you can help, please reach out.” Related: Bybit CEO: $1.4 Billion Crypto Hack Tracked, Majority Potentially Recoverable To expedite the process of tracking down the remaining funds, Bybit has put out bounties for individuals who can provide actionable intelligence. Over the past 30 days, the exchange has received a total of 5,012 bounty reports, with 63 of them deemed valid and providing useful leads. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

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