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Data shows that Circle minted approximately 2 billion USDC on Solana last week.

According to Lookonchain monitoring, a Solana OG whale who has staked SOL for over 5 years sold another 30,000 SOL ($2.56 million) 8 hours ago. This OG staked 991,079 SOL 5 years ago and started selling a year ago. So far, they have sold 965,274 SOL ($137.66 million) at an average price of $143, and still have 381,140 SOL ($3.24 million) staked.

According to on-chain analysis platform Lookonchain (@lookonchain), an early Solana holder (Solana OG) who has staked SOL for over five years sold another 30,000 SOL 8 hours ago, cashing out approximately $2.56 million.This address staked a total of 991,079 SOL five years ago and has been gradually reducing its holdings since a year ago, having sold a total of 965,274 SOL to date, with a total cash out of approximately $137.66 million at an average price of $143. Currently, there are still 381,140 SOL (approximately $32.4 million) staked.

According to BBX data, yesterday's corporate Bitcoin reserve expansion and the divergence in Wall Street institutional crypto allocations both landed simultaneously, with the core dynamics as follows:Strategy, Inc. (NASDAQ: $MSTR) submitted SEC Form 8-K, disclosing that the company purchased an additional 24,869 BTC between May 11 and May 17, with a total expenditure of approximately $2.01 billion, at an average price of about $80,985, marking the second-largest weekly purchase scale in 2026; the funds for this purchase came from the sale of 19.5 million shares of STRC preferred stock (net proceeds of about $1.949 billion) and 430,000 shares of MSTR common stock (net proceeds of about $83.7 million); as of May 17, the company's total holdings rose to 843,738 BTC, with a total acquisition cost of about $63.87 billion (average price $75,700), yielding 12.6% BTC since the beginning of 2026.Goldman Sachs Group, Inc. (NYSE: $GS) submitted Q1 2026 Form 13F to the SEC, disclosing that the company completely liquidated all XRP ETF holdings during Q1 2026 (previously held about $153.8 million, distributed among four issuers: Bitwise, Franklin Templeton, Grayscale, and 21Shares) and all Solana ETF holdings (previously about $108 million); simultaneously, it reduced its Ethereum ETF holdings by about 70% to approximately $114 million; retained Bitcoin ETF holdings of about $700 million (of which iShares Bitcoin Trust $IBIT is about $690 million and Fidelity FBTC is about $25 million), a slight reduction of about 10% from the previous quarter; meanwhile, the 13F showed that Goldman increased its holdings in Circle Internet Group, Inc. (NYSE: $CRCL), Galaxy Digital Inc. (NASDAQ: $GLXY), and Coinbase Global, Inc. (NASDAQ: $COIN) during Q1, signaling a shift from "altcoin ETFs to crypto infrastructure stocks."

According to DeFiLlama, despite a decline in perpetual contract trading volume compared to earlier this year, Hyperliquid still maintains its market leadership, with monthly trading volume at least twice that of the second-ranked public chain. In May, Solana has risen to become the second-largest public chain in perpetual contract trading volume, with a market share exceeding 10%.

The Solana development company Anza announced that it has officially recommended the mainnet validators upgrade to Agave 4. This upgrade introduces XDP for Turbine, QUIC-only TPU data access, a faster replay stage, and several SIMD features that will be activated during this cycle.Anza stated that production environment tests on large mainnet validators showed that XDP has reduced the Turbine retransmission delay from about 600 ms to approximately 0.8 ms, providing critical performance headroom for Solana's push towards 100 million CU blocks. Additionally, Agave 4 has completely removed UDP transaction access, making QUIC the only transaction submission method; PoH entry verification and Ed25519 signature verification have also been removed from the critical path and processed asynchronously to enhance replay stage performance.This round of upgrades will also gradually enable several SIMD features, including p-token (an SPL Token alternative that can free up about 13% of block capacity), Stake Program v5, SBPFv3 support, pre-funded account creation, and BLS12-381 syscall, among others.

Goldman Sachs significantly reduced its exposure to crypto ETFs in the first quarter of 2026 and has completely exited its positions in XRP and Solana-related ETFs. Documents show that Goldman Sachs held approximately $154 million in XRP-related ETFs in the fourth quarter of 2025, including products from Bitwise, Franklin Templeton, Grayscale, and 21Shares, making it one of the largest institutional holders of XRP ETFs at that time. Additionally, it previously held Grayscale Solana Trust ETF, Bitwise Solana Staking ETF, and Fidelity Solana Fund, among other Solana-related ETFs, and has now exited all of these positions.However, Goldman Sachs still retains a significant position in BTC and ETH ETFs. Specifically, it holds approximately $690 million in BlackRock IBIT and about $25 million in Fidelity FBTC, although both positions have decreased by about 10% compared to the previous quarter. Meanwhile, its position in BlackRock ETHA has shrunk by about 70%, leaving approximately 7.2 million shares valued at around $114 million. Furthermore, Goldman Sachs has increased its holdings in crypto-related stocks such as Circle, Galaxy Digital, Coinbase, Robinhood, and PayPal, while reducing its positions in mining and infrastructure companies like Strategy, Bit Digital, Riot Platforms, and IREN.

B.AI has officially integrated into the Solana ecosystem, with a comprehensive upgrade to its multi-chain login and payment capabilities. Users can now log in with one click through MetaMask and Phantom wallets, and complete top-ups or subscriptions using SOL, USDT, USDC, and WBTC on the Solana network. So far, B.AI has covered eight major public chains: TRON, BNB Chain, Ethereum, Base, Arbitrum, Optimism, Polygon, and Solana, building a more open and free multi-chain AI economic ecosystem. The platform offers exclusive limited-time benefits for new users: upon first login, users can receive 500,000 points, and top-ups enjoy a 1:1 bonus, with a maximum of $100 worth of additional points rewards for a single user. In the future, B.AI will provide lower entry barriers and a richer selection of assets to help you seamlessly enter the new world of the smart economy.

According to iNews24, the Financial Services Commission (FSC) of South Korea is reviewing whether Hana Bank's acquisition of Dunamu shares violates the "separation of finance and virtual assets" regulatory rules. The virtual assets department of the Financial Services Commission stated that Hana Bank indirectly holds shares in Dunamu through its acquisition of Kakao Investment shares, which is essentially an investment in a virtual asset exchange and will be examined under the same standards.Since 2017, the South Korean government has prohibited financial institutions from holding, purchasing virtual assets, or making equity investments through administrative guidance. If a violation occurs, Hana Bank may not be able to complete the transaction. Future Asset Consulting is advancing the acquisition of Kobit's operating rights, and Korea Investment & Securities is also taking a cautious approach. Hana Bank previously announced the acquisition of a 6.55% stake in Dunamu but did not consult with the authorities beforehand.Currently, the "separation of finance and virtual assets" regulation has not yet been codified into law, and it is uncertain whether related provisions will be included in the digital asset bill. Legislative discussions may advance after the National Assembly reconvenes in September at the earliest.

Anatoly Yakovenko (toly), co-founder of Solana Labs, responded to discussions about the decentralization level of Hyperliquid, stating that he has raised the same criticism for all L2s: the key to determining whether a system is permissionless lies in whether users can participate in any part of the protocol stack using their own resources without approval from a trusted third party.If they cannot, it is not permissionless. Toly stated that no matter what users do, they cannot run the Base sequencer or the Hyperliquid sequencer, so this is the same issue he criticized with L2s.

According to CoinDesk, the Solana validator client Firedancer developed by the crypto division of high-frequency trading firm Jump Trading has been launched on the Solana mainnet and has begun producing blocks.Firedancer's founding engineer Ritchie Patel stated that the client has processed tens of millions of transactions in a production environment, but the team will still take a gradual approach to promotion and does not want validators to switch en masse before the security audit is fully completed.In addition, Patel mentioned that the architecture of Firedancer heavily draws from traditional financial high-frequency trading systems, and the team recently completed a public security audit competition that included a $1 million bug bounty pool.

According to SolanaFloor, Circle has issued approximately 500 million USDC on the Solana network in the past 24 hours.

According to The Defiant, Solana officials announced that the $ENA token has officially launched on multiple mainstream applications within the Solana ecosystem.The currently integrated platforms include Phantom Wallet, Jupiter Exchange, FOMO, dFlow, Titan Exchange, Solflare, Kamino Swap, and Mayan, among others. Among them, Phantom and Jupiter, as one of the most widely used applications on Solana, provide important trading and usage channels for ENA.

The daily trading volume of Solana's perpetual contracts reached a 31-week high of $3.45 billion, accounting for 56% of Hyperliquid's daily trading volume of $6.1 billion.

According to The Block, the ranking of fee revenue from major blockchains last week showed a different pattern compared to the original activity metrics. Hyperliquid led all public chains with approximately $11 million in fee revenue, accounting for about 43% of the market share. Its fees primarily come from perpetual contract trading activities, where users pay fees for opening, holding, and closing positions.Over the past year, Hyperliquid's market share has significantly increased as derivatives traders rapidly migrated to its dedicated infrastructure. In contrast, Ethereum's fee revenue was about $3 million, accounting for approximately 13%, with revenue sources covering a broader mix including DeFi interactions, smart contract executions, and token transfers. Solana's fee revenue was about $2 million, accounting for around 10%, showing a significant gap compared to its DEX trading volume share, indicating that high-frequency, low-fee meme coin trading has not effectively converted into fee revenue.

According to data from Tom Wan (@tomwanhh), the market capitalization of the stablecoin USDG has surpassed 3 billion dollars, with nearly 700 million dollars added on the Solana network.At the same time, the market capitalization of USDe on the Solana network has also seen significant growth, skyrocketing from 3.5 million dollars in a single day to 70 million dollars, an increase of 20 times.

According to The Block, Solana ecosystem infrastructure provider Jupiter has commissioned Bitwise to create a segregated dedicated lending market for USDe on Jupiter Lend, marking the first time an institutional asset management firm has orchestrated a market on Jupiter Lend. This market will be isolated from the existing liquidity layer of Jupiter Lend to reduce the risk of institutional capital. Jupiter also utilizes the decentralized protocol Fluid to provide lending and collateral infrastructure support. Bitwise DeFi Strategy Director Jonathan Man stated that this design offers deep liquidity and risk mitigation features. USDe issuer Ethena Labs CEO Guy Young stated that USDe is an institutional-grade savings product built for scalability.

According to The Block, the monthly trading volume of decentralized exchanges (DEX) for Ethereum and Solana has both approached approximately $45 billion, with Solana's trading volume being only about 94% of Ethereum's, reaching a nearly 12-month low, significantly down from the 218% peak in January of this year.

According to SolanaFloor, the P-Token upgrade for Solana has now been launched on the mainnet, which can increase transaction efficiency by up to 20 times.After the upgrade, the computational cost of token instructions is reduced by about 96%, and it releases an additional 12% to 13% of block space without changing the block limit.