Solana

U.S. prediction market platform Kalshi has launched tokenized versions of thousands of its betting markets on the Solana blockchain. The integration introduces permissionless access to the platform's liquidity pool for developers, aiming to attract crypto-native users and intensify competition with blockchain-based rival Polymarket. Kalshi is collaborating with Solana protocols DFlow and Jupiter to bridge its off-chain orderbook to onchain infrastructure.

Solana dropped over 10% in 24 hours to approximately $123, testing a multi-year ascending channel support level established since May 2022. Institutional ETF products recorded net inflows of 83,144 SOL ($10.5 million) in the past day, according to available data. The network maintained its lead in decentralized exchange volume at nearly $3 billion over the same period.

Forward Industries, which holds the largest Solana treasury among publicly traded companies, has appointed Ryan Navi as chief investment officer to oversee its SOL strategy. The company's holdings have declined more than 40% in value since their mid-September acquisition. Navi previously served as managing director and head of venture at ParaFi Capital.

Decentralized exchanges recorded $419.76 billion in trading volume during October 2025, data show. DEXs captured 21.2% of total spot trading as of November 2025, up from 6.0% in January 2021. The milestone occurred despite broader market corrections affecting the cryptocurrency sector.

Solana is trading within a narrow range between support near $130 and resistance around $143–$145, with order book data showing concentrated liquidity clusters on both sides. Technical indicators reveal weakening bearish momentum, though the price remains below key moving averages. A decisive directional move appears imminent as the market approaches these critical levels.

U.S. spot bitcoin and Ethereum exchange-traded funds recorded their first week of combined net inflows since late October, with bitcoin ETFs adding $70.1 million and Ethereum ETFs contributing $312.6 million during the shortened Thanksgiving trading week. The positive flows ended multi-week outflow streaks that had totaled over $4.3 billion for bitcoin and $1.7 billion for Ethereum products.

Solana's stablecoin supply increased 10% over the past week, adding nearly $1.3 billion in liquidity and bringing the total to $14.33 billion, data show. The network recorded 11.1 million weekly active users compared to Ethereum's 2.6 million. Memecoin trading now represents just 5% of daily DEX volume, the lowest share in two months.

Former BitMEX CEO Arthur Hayes cautioned that Monad, a newly launched layer-1 blockchain, may experience a decline of up to 99% due to its high fully diluted valuation and low circulating float. Hayes classified Monad as a VC-backed token vulnerable to liquidity pressure once insider allocations unlock.

CoinShares has withdrawn all pending spot cryptocurrency ETF applications in the United States, including products tracking XRP, Solana, and Litecoin. The decision follows strong institutional demand, with XRP ETFs attracting over $660 million and Solana ETFs drawing approximately $620 million in net inflows since launch. CEO Jean-Marie Mognetti cited limited differentiation potential and constrained profit margins as the U.S. crypto ETP market consolidates around major institutions.

South Korea's National Police Agency has opened an investigation into unauthorized withdrawals of approximately $36.9 million in Solana network assets from Upbit, the country's largest cryptocurrency exchange. Authorities are examining possible links to North Korea's Lazarus Group, a state-affiliated entity previously connected to multiple cryptocurrency thefts. Upbit has suspended all deposit and withdrawal services and moved remaining assets to cold storage.