Solayer has positioned itself as a critical infrastructure layer for Solana, functioning as a de facto Solana 2.0 by addressing scalability constraints on the blockchain network. The development underscores growing demand for layer-2 solutions and restaking protocols within the Solana ecosystem.
In parallel market movements, Tether continued its USDT minting operations, while a major bitcoin whale closed a significant short position, signaling shifting trader sentiment. The closure coincided with broader volatility in bitcoin holdings, as data showed net losses accumulating among BTC holders during the trading period.
Bybit announced a mass delisting of trading pairs, contributing to liquidity concentration across major exchanges. Meanwhile, SWIFT launched blockchain infrastructure initiatives, marking renewed institutional interest in distributed ledger technology for cross-border settlement. A vulnerability was identified in Tangem wallet infrastructure, prompting security reviews across the custody sector. Regulatory developments included Russia's Rosfinmonitoring advancing cryptocurrency payment frameworks and Kazakhstan expanding crypto payment options for commerce.