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Bitget Onchain Trading (Onchain) launched projects PPPP and MUTUMBO Bitget Onchain launched Solana ecosystem's MEME tokens PPPP and MUTUMBO. Bitget Onchain aims to seamlessly connect CEX and DEX, providing users with a more convenient, efficient and secure on-chain trading experience. Users can directly use the spot account (USDT/USDC) in the Bitget App to trade popular assets on the chain. Currently, popular public chains such as Solana (SOL), BNB Smart Chain (BSC) and Base are supported.

VanEck and Grayscale are racing to launch AVAX ETFs, signaling rising institutional interest and potential mainstream adoption of Avalanche. Despite a 56% price drop since January, ETF filings may help stabilize AVAX and attract new capital if regulatory approval is secured. Avalanche (AVAX) began gaining momentum in March, as CNF reported a strong bullish trend. Following that significant move in the cryptocurrency market, VanEck has filed an application with the U.S. Securities and Exchange Commission (SEC) to list a spot Avalanche (AVAX) Exchange-Traded Fund (ETF) on Nasdaq. This initiative aims to provide investors with indirect exposure to AVAX tokens without the need for direct ownership—potentially broadening the asset’s appeal to institutional investors. According to a tweet by Andres Meneses: VanEck has officially filed to list an $AVAX ETF on Nasdaq. Avalanche could soon join the growing list of crypto ETFs hitting traditional markets. Big step for mainstream adoption. VanEck’s application for the Avalanche ETF marks its fourth foray into cryptocurrency ETFs, following previous filings for Bitcoin, Ethereum, and Solana. By holding AVAX tokens in trust, the ETF would allow investors to track the price movements of Avalanche—offering a regulated investment vehicle in the burgeoning crypto space. As shared by Wu Blockchain in a tweet, the filing comes about a month after VanEck initially proposed the ETF. Nasdaq has submitted a rule change application to the U.S. SEC to list the VanEck Avalanche (AVAX) spot ETF. The filing comes about a month after VanEck initially proposed the ETF. According to Bloomberg analyst James Seyffart, the market widely expects both AVAX and DOGE spot… — Wu Blockchain (@WuBlockchain) April 10, 2025 This move underscores VanEck’s commitment to expanding its digital asset offerings amid growing demand for diversified crypto investment products. As previously noted in a CNF update , Grayscale has also submitted a filing to the SEC to launch a spot Avalanche ETF to be traded on the Nasdaq exchange. The race to launch AVAX-backed ETFs is intensifying, with Grayscale seeking to convert its existing AVAX fund into an ETF. If approved, these ETFs could enhance liquidity and provide more accessible investment avenues for both retail and institutional investors, potentially driving broader adoption of AVAX, according to Bitget. Despite these promising developments, AVAX has experienced notable price volatility. After peaking at $41.00 in January, the token’s value has declined by approximately 56%, trading around $18.50 as of April 11, 2025. This downturn reflects broader market trends affecting many cryptocurrencies . However, some analysts suggest that the recent ETF filings could act as catalysts for price stabilization and future growth—contingent on regulatory approvals and overall market sentiment. The performance of AVAX is closely tied to the overall health of the cryptocurrency market . At the time of writing, Avalanche (AVAX) is trading at $18.45, having increased by 1.19% in the past day and 0.76% in the past week. See AVAX price chart below.

Interestingly on the @solana front: While @JupiterExchange leads swap aggregation by volume, @defidotapp has been quietly printing consistent ATHs - averaging ~$77M daily over the past 2 weeks. Strong signs of a budding DeFi UX play gaining traction amidst a monopolistic space.

Janover, a fintech company specializing in commercial real estate, has officially made a breakthrough by purchasing around $4.6 million in Solana (SOL). This decision is part of the company’s latest financial management strategy to store crypto assets for the long term. Interestingly, Janover’s move also marks their first investment after successfully raising fresh funds of around US$42 million. If you think about it, Janover’s decision to buy Solana is quite unique. Usually traditional companies are more comfortable playing it safe with stable assets such as gold or bonds. However, Janover is eyeing SOL, which is known to be volatile but promises high growth potential. Janover’s future plans do not stop at just piling up SOL in their digital vault. The company will soon start staking its Solana assets. So, instead of just sitting idle, their SOL funds can generate additional profits while helping to maintain the stability of the Solana network. In fact, Janover also plans to run several of its own Solana validators. This method is similar to renting out an empty room in your house—generating passive income while supporting the community ecosystem. On the other hand, Janover’s bold move is not alone. PayPal, the online payment giant, is also actively supporting crypto assets. On April 6, 2025, PayPal officially introduced support for Solana and Chainlink (LINK) in the United States. Of course, PayPal’s move is not arbitrary, considering that this company has more than 434 million active users. With that much influence, it’s no wonder that their decision will encourage wider adoption of Solana. Meanwhile, as we previously reported , the Polymarket platform has also previously chosen Solana to expand its user base. With this integration, users can fund their accounts with SOL. The hope is that as more transactions occur on Polymarket, the liquidity will improve. This is similar to a coffee shop that introduces digital payment alternatives to increase traffic. Apart from Janover and PayPal, it turns out that there are still other companies that are interested in Solana’s potential. Call it Sol Strategies , a Canadian company that earlier this year received a credit facility of US$17 million for Solana blockchain investment, of which US$4 million was specifically allocated for staking. Similar to Janover, they also know that crypto assets are not enough to be stored, but must be rotated to produce income. Looking back, last year two big players from Wall Street, Franklin Templeton and Citibank, also announced their interest in Solana. Franklin Templeton even plans to develop mutual funds directly on the Solana blockchain. Citibank itself is exploring this technology for money transfer services. If you think about it, Solana is starting to look like a “favorite toy” that always attracts the attention of big players in the traditional financial world. At the time of writing this article, the price of SOL itself is still around $115.21. In the last few hours, the price has increased slightly, but over the past week SOL has been more stagnant. However, its position as the seventh largest crypto asset with a market cap of around $59.43 billion is certainly not something to be underestimated. With the various bold steps taken by these big companies, it is interesting to see what Solana’s fate will be in the following years. Will it shine even brighter or become a “joker card” in their strategy?

Time to check in with BitDegree and see what crypto is trending today! 📈 1. Bitcoin $BTC 2. Ethereum $ETH 3. BNB $BNB 4. Ripple $XRP 5. Solana $SOL 6. Baby Swap $BABY 7. Polygon $MATIC 8. Tether $USDT 9. Worldcoin $WLD 10. Shiba Inu $SHIB