SOL in the spotlight: latest news

Solana (SOL-USD) is currently trading at approximately $190.76, following Hong Kong's approval of its first Solana ETF. This development has sparked increased institutional demand and contributed to the growth of the Solana network.

Fidelity has added Solana to its trading platform for U.S. brokerage clients, allowing trading alongside Bitcoin and Ethereum. This move comes as Hong Kong has approved the first spot ETF for Solana, which has contributed to a 6% increase in its price.

Fidelity has launched Solana trading on its platforms, enhancing accessibility for users who are already trading Bitcoin, Ethereum, and Litecoin.

Solmate, a treasury and infrastructure company based on the Solana blockchain and recently rebranded from Brera Holdings, saw its stock price surge by 40% to $12.13 on Thursday. This increase follows the announcement of the company's ambitious acquisition plans and the growing interest in spot ETF filings.

Analysts are examining the current SOL USD price prediction to determine if the market is overreacting to Fidelity's expansion into Solana.

Shares of Solmate Infrastructure, listed on Nasdaq under the ticker SLMT, surged by 50% on Thursday following the company's announcement of a business update regarding its validator process and plans for an aggressive mergers and acquisitions strategy.

Bitcoin remains stable, trading within a narrow range despite a notable rally on Tuesday. Tensions continue to rise as the White House and China exchange heated statements on social media.

Solana appears to be on the verge of a significant price movement. Following a period of volatility, the SOL price has rebounded to approximately $188, indicating potential for a major spike in the near future.

Fidelity has expanded its offerings by adding Solana trading to its platform, allowing both institutional and retail clients to access the network's native token, SOL.

Fidelity has added Solana to its trading platform, making the token available to millions of customers. Following this development, SOL has rebounded from $175 and is projected to reach $200.

Solana (SOL) has faced challenges in regaining momentum following multiple unsuccessful recovery efforts in recent days. However, the altcoin has successfully avoided creating new lows as it approaches a potential bullish crossover, coinciding with a surge in new addresses reaching a monthly peak.

Solana is one of the leading altcoins by market capitalization. Like Ethereum, it enables third-party developers to create applications and smart contracts using its blockchain technology.

In the latest CoinDesk 20 performance update, Solana (SOL) experienced a gain of 4.5%, contributing to an overall increase in the index. Bitcoin Cash (BCH) also performed well, rising by 2% since Wednesday.

Bitcoin remains stable after a notable rally on Tuesday, while Ethereum is experiencing unusual volatility in contrast to Bitcoin. Solana, on the other hand, is making significant gains amidst the backdrop of developments in China and the White House.