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REXShares Files Prospectus for Solana and Ethereum Staking ETFs; Launch Expected June 2025

Heads up, crypto fam! REXShares just filed paperwork for some sick new staking ETFs on Ethereum and Solana, and things could get real spicy as soon as June 2025.

Bloomberg’s ETF analyst James Seyffart spilled the tea on X, saying, “No exact launch date, but could drop within weeks.” The secret sauce? The filing uses a phrase that lets the ETFs go live immediately after filing — no waiting game with the SEC.

These aren’t your usual ETFs. They’re built under the 1940 Act as C-corps, letting them stake over 50% of their ETH and SOL and pass those juicy staking rewards directly to investors. Talk about passive income vibes.

But wait, the SEC’s throwing some shade — calling the filings “improper” and “potentially misleading.” They’re worried it might confuse folks. Plus, no clear staking start date means investors might still be on edge.

Will these staking ETFs be the next big thing or just another SEC headache? Stay tuned.

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5 Explosive Reasons Solana Is Surging as June Kicks Off

Solana Surge: What’s Driving The Rally in June?

As of today, Solana (SOL) is trading around $155.31, up about 2.9% on the day and climbing from a low of $149.72 to a high of $156.23 . This marks a solid bounce after a choppy May, signaling renewed bullish momentum.

Solana’s ecosystem is gaining traction again, supported by an 11.5% price increase since early May, despite a 12% pullback from its monthly peak . That rebound is powered by a mix of retail accumulation and whale buying—balances held on exchanges have dropped notably, hinting at long-term holding .

Another catalyst: institutional flows. SOL investment products recently recorded $6.4 million of inflows last week, suggesting growing interest from professional investors . Plus, major banks like HSBC and Bank of America—via R3—are now piloting tokenized securities on Solana, marking a significant push into real-world finance .

Technicals support the case too. SOL is edging toward a “Golden Cross”, where its 50-day EMA may soon cross above the 200-day EMA—typically a bullish signal . However, watch the $178 resistance level—breaking past here could open the door toward $188, while slipping below $154–$161 support might trigger a correction

Outlook

With whales stacking, institutional cash pouring in, and real-world blockchain use taking form, Solana is shaping up for a breakout this June. A close above $156 opens the path to $178, but a dip below $154 could test deeper levels. Bulls are hopeful—but risk is still in play.

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EdTech Firm Classover Bets Big on Solana With $500M Treasury Deal

Classover Holdings Inc., a global K–12 edtech company valued at $63 million, is diving deep into crypto with a $500 million treasury initiative centered on Solana (SOL). The firm has entered into a binding agreement with Solana Growth Ventures LLC to issue senior secured convertible notes worth up to $500 million, a move designed to stabilize its financial footing and build a crypto-backed reserve.

Classover signs a $500M convertible notes agreement, planning to invest up to $900M in Solana amid liquidity pressure.

The contract stipulates an initial $11 million payment, subject to standard closing conditions. Once finalized, Classover will be required to allocate up to 80% of the funds raised toward purchasing SOL tokens, solidifying its strategic commitment to the Solana ecosystem.

This comes after a prior purchase of 6,472 SOL for $1.05 million. The company is now reportedly eyeing discounted locked tokens to expand its holdings further. Including a previous $400 million equity deal, Classover’s total potential investment in Solana could reach $900 million.

Company CEO Ms. Luo called the move a “significant milestone,” stating the plan will “restructure Classover’s treasury model with blockchain integration at its core.” Financial advisory is being handled solely by Chardan.

However, this ambitious pivot to Solana comes amid financial strain. The firm reported a 102% drop in revenue over the past year and a dangerously low current ratio of 0.02, signaling tight liquidity. This $500M convertible note agreement appears to be a lifeline—and a bold bet on crypto—to keep the company afloat.

To further align operations with this strategic shift, Classover has adjusted executive compensation. CFO Yanling Peng’s annual salary is now set at $156,000 effective May 1, 2025.

Founded in 2020, Classover provides live, online courses for K–12 students across the globe. This new crypto-heavy initiative could mark a significant turning point for the company as it works to stabilize and scale amid mounting pressure.

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Whale Moves & $323M Losses Hit Solana — Will $150 Hold? | BTC Bull Token Presale Nears $7M

SOL Bleeding While BTC Bull Token Flexes

Solana’s lookin’ rough rn — trading at $154, down 1.29% in 24h. Why? Whales just dropped a massive 999K $SOL bomb (worth $161M), and the market ain’t vibing. Add on $323M in realized losses and yeah… the bears are eating good.

Charts? Straight L. SOL broke under key support like the 34-day EMA at $163, and it’s sliding inside a falling channel. Volume’s spiking, selling’s heavy, and everyone’s side-eyeing the $150 support zone. If that breaks, next stops could be $142 or even $134.

But hey, it’s not all doom.

Solana’s still cookin’ on the dev side — it just linked up with Chainlink’s CCIP for real cross-chain moves (first time outside Ethereum 👀) and dropped a slick App Kit for devs to build dApps on mobile fast. So long-term? Still bullish.

Meanwhile…

BTC Bull Token Pulling All Eyes

While SOL bleeds, $BTCBULL is grabbing attention. Presale’s pushing $6.6M with a hard cap of $7.67M. It’s got this insane 62% APY staking pool — no lockups, no fees, full liquidity. Plus: supply burns tied to BTC price, and airdrops when BTC pumps.

Token’s at $0.00254, but once that cap hits? Price goin’ up.

TLDR: Solana’s down bad, but not out. BTC Bull Token’s heating up and might just be the next sleeper alt to ride. Choose your fighter.

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SOL Gets Shaky: SEC Drama Sends Solana Tumbling – Is $200 Still in Sight?

SEC Spooks the Party – Solana Slides

May ended with some serious crypto turbulence. The SEC dropped a cold bucket on the hype train around Ethereum and Solana ETFs, and boom – $SOL dropped 11.45%. Yup, a full-on dip. For 23 days, Solana was vibing between $155 and $185… until the ETF drama hit the fan.

On-Chain Heat Check: Users Still Showing Up

Despite the price slip, SOL’s ecosystem is actually getting more action. New wallet addresses keep climbing –

March: 98.3M
April: 111M
May: 123.8M

That’s major growth and lowkey shows the SOL fam isn’t backing down. Adoption? Still climbing.

Funding Rates & Bearish Feels

Funding rate’s in the red at -0.0027%, which basically means: traders are less bullish and more cautious rn. Not a vibe.

Price Action Breakdown

Down 1% in the last 24h
Red candles for 3 straight days
7-day drop: 11%
Monthly gain? Still +4.93% (So not all bad)

RSI’s sitting at 41.66 – aka almost oversold. Not ultra-bearish, but it’s not sunshine and rainbows either.

What’s Next?

If SOL can hold the line at $150 and the bulls show up, we might see a retest at $177. If hype builds, $200 could be back on the radar – a level we haven’t touched since Feb 2025. 🚀

But if things break bad and liquidations kick in, $127 (April low) is calling… and nobody wants that.

TL;DR for Your ADHD Mind:

Breakdown = bye-bye to $127

SEC is blocking ETF moves = SOL dipped hard

On-chain stats? Up only

Price is testing $150 support

RSI = weak hands selling

Bounce = $177 or even $200

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SOL Strategies Files $1B Shelf Prospectus to Fuel Solana-Focused Growth

SOL Strategies Inc. is preparing for potential capital raises to support its pivot toward the Solana blockchain. The company has filed a preliminary base shelf prospectus with Canadian securities regulators, allowing it to offer up to $1 billion in various securities — including common shares, warrants, subscription receipts, and debt — should market conditions align in the future.

CEO Leah Wald emphasized the move as a strategic, long-term step: “The filing of a base shelf prospectus supports our growth strategy by providing us with the flexibility to access capital as future opportunities arise in the rapidly evolving Solana ecosystem.”

Although no offerings are currently planned, this filing positions the firm to act quickly when needed. Formerly Cypherpunk Holdings, its Strategies rebranded last year to reflect its new investment focus on Solana-based opportunities, leaving behind its previous Bitcoin-centric approach.

This announcement signals the company’s growing commitment to infrastructure, DeFi, and blockchain innovation potential.

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Solana Surges 23% in May, Hits $186 Amid Record 4.1B Transactions

Solana’s May Momentum: Breaking Records and Price Charts

Solana (SOL) is making waves this May, soaring 23% to hit a new 2025 high of $186. The network’s impressive performance is backed by processing a staggering 4.1 billion transactions this month, driven by a surge in meme coin activity and NFT launches .

SOL’s Network Activity Fuels Price Surge

The spike in SOL’S price isn’t just market hype. The network’s ability to handle 3,200 transactions per second at peak capacity showcases its robust infrastructure. However, the increased activity has also highlighted the need for optimized node configurations to manage congestion during high-volume periods .

With a market cap reaching $96.7 billion, Solana’s growth is a testament to its scalability and the increasing demand for efficient blockchain solutions.

Looking Ahead

As it continues to attract developers and users alike, its trajectory suggests sustained growth. The combination of high throughput and active community engagement positions Solana as a formidable player in the crypto space.

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Solana Nears $200 Amid R3 Partnership and Bank Adoption

Solana Rockets Toward $200 as Institutional Interest Grows

Solana (SOL) is making waves, climbing to a three-month high of $186.92 after announcing a strategic partnership with enterprise blockchain firm R3. This collaboration aims to enhance blockchain solutions for financial institutions, a move that’s catching the eye of major banks.

The buzz doesn’t stop there. The launch of Solaxy ($SOLX), Solana’s first Layer 2 solution, has further fueled investor enthusiasm. With a $50 million raise underway and only 24 days left, the project is generating significant FOMO among crypto enthusiasts.

Analysts are optimistic, citing Solana’s robust on-chain metrics and growing institutional adoption as key drivers for its bullish trajectory. The network’s scalability and low transaction costs make it an attractive option for developers and investors alike.

As SOL continues its upward momentum, breaking the $200 barrier seems within reach. With strong fundamentals and increasing mainstream interest, SOL is positioning itself as a formidable player in the crypto space.

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Trump’s 50% EU Tariff Shakes Crypto Market

Trump’s 50% EU Tarrif Plan Wipes $100B Off Crypto Market

The crypto world just got rocked—again. U.S. President Donald Trump’s shocking proposal to slap a 50% tariff on the European Union triggered a fast and furious market correction, wiping nearly $100 billion from the total crypto market cap.

Bitcoin (BTC), which recently flexed with an all-time high above $111K, dropped 3% within hours of Trump’s TruthSocial post. It’s now sitting around $108,530, with trading volume plunging 32% in 24 hours.

The ripple effect didn’t spare altcoins either. Major players like Ethereum (ETH), XRP, Solana (SOL), Dogecoin (DOGE), and Cardano (ADA) all slipped between 2-4%. The CoinMarketCap 100 Index dropped 2.84%, marking one of the sharpest declines this month.

Traders got wrecked hard. Over $308 million in long positions were liquidated, and total liquidation—including shorts—hit a brutal $334 million in just four hours, according to Glassnode.

What Did Trump Say?

In a fiery post, Trump claimed the EU exists “to take advantage of the United States” through unfair trade practices. He called out their VAT taxes, trade barriers, and “ridiculous corporate penalties,” stating a 50% tariff would hit starting June 1, 2025—unless the goods are U.S.-made.

“There is no Tariff if the product is built or manufactured in the United States,” Trump said.

The crypto market reacted instantly—and violently. Global uncertainty? Check. Trader panic? Double check.

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Solana Soars 5.7% as Staking Market Cap Overtakes Ethereum

Solana Surpasses Ethereum in Staking Market Cap Amid Price Surge

Solana (SOL) is making waves in the crypto world, recently surpassing Ethereum in staking market capitalization. According to Nansen CEO Alex Svanevik, SOL’s staking market cap reached $53.96 billion, edging out Ethereum’s $53.77 billion .

This milestone coincides with a notable price increase. As of May 22, 2025, SOL is trading at $178.18, up 5.7% in the past 24 hours .

The surge is attributed to SOL’s efficient network and growing adoption in decentralized applications. Analysts suggest that this momentum could position SOL as a formidable competitor to Ethereum in the long run.

Investors are keeping a close eye on Solana’s performance, especially with its recent achievements in staking and price appreciation. The crypto community is abuzz with discussions about SOL’s potential to reshape the decentralized finance landscape.

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