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Solana trades at $134 while institutional buying and meme coin recovery fuel bullish sentiment, with analysts eyeing a potential rise to $170.

The launch of the official Pengu Validator, built in partnership with Sol Strategies. The Pengu Validator lets users earn a strong return on their SOL.

Bitcoin (BTC) and major cryptocurrencies fell over 3% as profit-taking followed Tuesday's rally.

Today, April 16, in Canada, several spot ETFs on Solana are debuting for the first time. Bloomberg analyst Eric Balchunas states this, adding that staking on a portion of the SOL reserves will also be allowed to obtain an additional yield. The Bloomberg analyst, Eric Balchunas, revealed in a post on X that today, April 16, several spot ETFs on Solana debut in Canada.

Cryptocurrency scammers hijacked the X account of UK member of parliament Lucy Powell to hype up a scam token and dump it on unsuspecting traders.

Soaring revenue, record SOL/ETH, unmatched throughput - Can bulls seize Solana's breakout?

Solana (SOL) is gaining bullish momentum, posting a 1.76% daily increase to trade around $131. The asset has maintained an ascending trendline in recent sessions, indicating growing buying pressure.

Canada's financial regulators have given the green light to multiple spot Solana (SOL) exchange-traded funds, marking another cryptocurrency milestone for the country. According to Bloomberg ETF analyst Eric Balchunas, these new investment products will hit Canadian markets on April 16, 2025.

Janover, a real estate-focused fintech company, has ramped up its investments in Solana (SOL), now holding a total of 163,651 tokens, valued at approximately $21.2 million.

Four asset managers—Purpose, Evolve, CI, and 3iQ—are set to launch spot Solana exchange-traded funds (ETFs) in Canada on April 16.

Fintech commercial real estate firm Janover (JNVR) has seen its stock price surge nearly 1,700% this month after pivoting to a crypto-focused strategy centered on Solana (SOL). The company recently purchased an additional 80,567 SOL tokens worth $10.5 million, boosting its total holdings to 163,651 SOLvalued at approximately $21 million.

As investor sentiment shifts globally, the Dollar Index (DXY) has continued its losing streak and entered a steep downward spiral, breaking below important support levels. With a significant intraday increase of 1.48%, Bitcoin is demonstrating strength and resilience in the meantime, reaching $85,885.

Janover has scooped more than $20 million in Solana since its board approved a plan to add the token to its coffers earlier this month.

After months of decline, Solana meme coins are regaining bullish momentum. Daily trade volumes are increasing dramatically, and most of the leading tokens are posting notable price gains.

SOL Strategies partners with Pudgy Penguins to launch the PENGU Validator on Solana, offering secure staking infrastructure and attractive returns while expanding support for the blockchain and Pudgy Penguins' growing ecosystem. The post SOL Strategies and Pudgy Penguins Launch PENGU Validator on Solana Network appeared first on Cryptonews.

Solana (SOL) is up 20% over the past seven days, supported by strong technical indicators and rising on-chain activity. Its Ichimoku Cloud and BBTrend charts both point to bullish momentum, with trend strength and volatility on the rise.

XRP exchange-traded funds may be the next SEC-approved product that gives investors exposure to crypto, according to data firm Kaiko.

3iQ Corp. has tapped Figment as the primary staking provider for its new Solana Staking ETF (TSX: SOLQ), which officially launches on the Toronto Stock Exchange on Wednesday at 9:30 AM EST.

Long-running NFT marketplace OpenSea has added support for Solana fungible token trading as part of its overhaul and expansion.

Blockchain infrastructure provider Figment has been selected as the staking provider for 3iQ's newly approved Solana exchange-traded fund (ETF), underscoring Canada's continued efforts toward adoption of digital asset financial products.Figment will enable institutional staking for the 3iQ Solana (SOL) Staking ETF, which launches on the Toronto Stock Exchange on April 16 under the ticker SOLQ, the companies said in a statement. In addition to 3iQ, Figment provides staking infrastructure solutions to more than 700 clients.

Kaiko analysts said in a Monday report that Ripple-affiliated cryptocurrency XRP is ahead of other alternative cryptocurrencies like Solana (SOL) and Dogecoin (DOGE) when it comes to spot exchange-traded fund (ETF) approval by the U.S. Securities and Exchange Commission.

Kraken has signed a non-binding letter of intent to delegate some of its current and future staked Solana tokens to validators operated by Janover Inc., the real estate company turned Solana treasury play told Lightspeed exclusively.

Janover, a publicly traded real estate firm owned by former Kraken executives, has doubled down on its Solana strategy with another huge buy.

The meme coin market is full of surprises, as new trends emerge with every passing day, and the past few days have not disappointed. As the demand for trading bots grows, Solana, being a hotspot for meme coins, has noted the emergence of Axiom as the next big thing.