Solana ETF hits C$300M as Metaplanet raises $1.44B for Bitcoin and Paxos advances USDH

Daily top performer — Avalanche (AVAX)



The S&P 500 rose 0.3% to a record high ahead of the CPI report and potential Fed rate cut. Gold climbed to around $3,645 on Fed rate cut expectations, a weaker dollar, and geopolitical tensions, with traders awaiting the US CPI report for further direction. The Coindesk Indices, which tracks the broader crypto market, rose 1.92%, with Bitcoin down 0.05% and Ether up 0.71%, in the past 24 hours. Trade these markets and more with up to 500x leverage on Bybit MT5 using this link.

Today’s top performer is AVAX, up 11.3% after the Avalanche Foundation highlighted ecosystem growth with a new API, DAO updates, and global adoption efforts.

Avalanche (AVAX), launched in September 2020, is a high-speed blockchain platform for building DeFi apps, financial assets, and custom blockchains. It supports Ethereum tools, finalizes transactions in under a second, and can process over 4,500 TPS. AVAX, its native token, powers payments, fees, staking, and governance across the ecosystem. The Avalanche Foundation highlighted ecosystem growth with Snowpeer launching a new API, WolvesDAO advancing its WOOF integration, and AvaxTeam driving adoption at Istanbul Blockchain Week, underscoring its support for builders through grants and programs.



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Talk of the town

This week’s crypto highlights include record-breaking Canadian altcoin ETFs, with Solana’s SOLQ at C$300M and XRPQ at C$150M AUM, and Japan’s Metaplanet raising $1.44B to expand its Bitcoin treasury. Pump.fun surged 15%, while Paxos updated its USDH stablecoin bid with PayPal and Venmo integrations, offering $20M in incentives and a revenue model tied to Hyperliquid’s growth. US regulators engaged Mysten Labs on Sui ETFs, highlighting rapid institutional adoption alongside ongoing DeFi innovation.



Check out the latest prices, charts, and data of SOLUSDT perp and SOL/USDT spot contracts!



Bitcoin spot ETF flows





Yesterday, Bitcoin spot ETFs saw $530.3M in net inflows, with $521.4M from non-GBTC products and $8.9M from GBTC.



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Airdrop to watch

Allora is launching its mainnet soon along with its native token $ALLO, which will be available on EVM chains and bridgeable across ecosystems. While no airdrop is confirmed, participants in the 2024 points program may be eligible if one is announced. Backed by $35M in funding and a relatively small user base, a potential community-focused airdrop could be significant.