Solana (SOL) price surged past $184 on Wednesday, marking a 25% gain in May. The rally follows a fresh capital injection by DeFi Development, reaffirming institutional confidence in Solana’s blockchain ecosystem amid favorable macroeconomic signals.
The US state of Florida has indefinitely postponed and withdrawn two crypto bills to form the Strategic Bitcoin Reserve from consideration. The two bills, House Bill 487 (HB 487) and Senate Bill 550 (SB 550), which aim to allocate up to 10% of public funds to BTC, were closed on Saturday.
Dogecoin (DOGE) and Shiba Inu (SHIB) prices hover around $0.172 and $0.000012 at the time of writing on Monday after falling nearly 5% the previous week. DOGE and SHIB funding rates are negative, indicating more traders are betting that dog-based meme coins will fall.