Bitwise investment chief Matt Hougan predicts a strong end-of-year run for Solana due to ETP inflows and corporate treasury demand, similar to Bitcoin and Ethereum. The SEC may approve a SOL ETF in October, with companies like DeFi Development Corp. and Galaxy Digital acquiring millions worth of SOL.

Hougan compares Solana’s potential to Bitcoin and Ethereum, highlighting its performance and popularity despite criticisms of centralization. Solana’s market cap sensitivity and inflation rate make it an attractive investment, with SOL trading at $234, 20% below its all-time high of $293. Keep an eye on Solana in the coming months. 1. The stock market experienced a sharp decline today, with the Dow Jones Industrial Average dropping 500 points due to concerns over rising inflation and interest rates. Tech stocks were hit particularly hard, leading to a sell-off across all major indexes.

2. In international news, tensions are rising between Russia and Ukraine as Russia amasses troops near the border. The U.S. has expressed support for Ukraine, warning Russia against any further aggression. NATO has also issued a statement condemning Russia’s actions.

3. The CDC has announced updated guidelines for mask-wearing, stating that fully vaccinated individuals can safely go without masks outdoors in most situations. However, masks are still recommended for crowded outdoor events and indoor public spaces, regardless of vaccination status.

4. In sports news, the NBA playoffs are heating up as teams battle it out for a spot in the finals. The Brooklyn Nets and Los Angeles Lakers are among the favorites to win it all, but upsets and surprises are always possible in the world of professional basketball.

Read more at Yahoo Finance: ‘Solana Season’ Is On The Horizon, Bitwise Investment Chief Matt Hougan Says