Solana

Solana-based memecoin PENGU rose 8% to $0.01138 following Pudgy Penguins' partnership announcement with Care Bears. The collaboration includes a special edition physical collectible set scheduled for December 12th release. Futures net inflows increased by $1.01 million over 24 hours, while the token recovered from support at $0.009732.

Kamino, a Solana-based lending platform, blocked Jupiter Lend's migration tool on December 7 over concerns about risk framework transparency. The move has sparked debate within Solana's $5 billion lending market. Solana Foundation President Lily Liu called on both platforms to prioritize collaboration over conflict, noting that Ethereum's lending market is roughly 10 times larger.

Solana has retreated to a critical ascending trendline that has supported its uptrend since 2023. The asset is currently trading near $132 in a narrow consolidation zone with reduced volatility. Analyst Ali Martinez noted that SOL is testing this support level, which has historically triggered rebounds during previous pullbacks.

French banking group BPCE has launched in-app cryptocurrency trading for Bitcoin, Ethereum, Solana, and USDC across its Banque Populaire and Caisse d'Épargne mobile platforms. The service initially covers two million customers at four regional banks, with plans to expand to 12 million users by 2026. Customers will access trading through dedicated digital asset accounts managed by BPCE's crypto subsidiary Hexarq, with a monthly fee of €2.99 and a 1.5% transaction commission.

Western Union unveiled a digital asset initiative targeting economies with severe inflation. CFO Matthew Cagwin presented the strategy at the UBS Global Technology and AI conference, detailing plans for a "stable card" and proprietary digital coin to protect remittance recipients in countries like Argentina, where inflation has exceeded 250%.

Jupiter Exchange withdrew marketing statements about its lending protocol after acknowledging the use of asset recollateralization. COO Kash Dhanda admitted prior claims of zero contagion risk were inaccurate. Competitor Kamino Finance blocked Jupiter Lend's migration tool in response to the controversy. JUP token traded at $0.23 on December 7, 2025, reflecting a 33.06% decline over 30 days.

Western Union is building blockchain payment infrastructure on Solana, including its own stablecoin and digital wallet system. The money transfer company is targeting high-inflation markets where traditional currencies rapidly lose purchasing power. The firm's Digital Asset Network is scheduled to launch in the first half of 2025.

Grayscale has filed an S-1 registration statement with the SEC for the Grayscale Sui Trust, a spot ETF designed to track SUI token prices. The filing comes shortly after 21Shares launched a 2x leveraged Sui ETF on Nasdaq under ticker TXXS. SUI traded at $1.53 at press time, down 5.01% over 24 hours.

Vanguard Group reversed its crypto stance on December 2, opening its platform to digital asset ETFs including Solana. SOL trades near $135, down 28% year-to-date, marking its worst annual performance since 2022. Despite price weakness, Solana's network processes 798.5 transactions per second with 12.8-second finality.

A cross-chain bridge connecting Coinbase's Base network and Solana went live on mainnet Thursday. The infrastructure enables direct asset transfers between the Ethereum layer-2 network and Solana's blockchain using dual verification from Chainlink CCIP and Coinbase operators. The deployment supports movement of SOL and SPL tokens into Base applications including Zora, Aerodrome, and Virtuals.