Market Overview - Bitcoin has experienced a significant decline, slipping below $90,000, marking a -17% drop in November, making it the second-worst November since 2019 [1] - The decline was exacerbated by China's reaffirmation of its crypto ban, leading to substantial losses in altcoins [1] - Over $900 million was liquidated from traders due to thin liquidity in the market [2] Solana Ecosystem - Solana's top ecosystem tokens showed mixed performance, with Basic Attention Token (BAT) gaining 18% weekly, while the overall market cap for the sector decreased by 5% to $174 billion and trading volume fell by 8% to $14.5 billion [4] - Solana is expanding into prediction markets, with Vanguard allowing clients to trade funds with Solana exposure, indicating a shift in institutional acceptance of crypto products [5] - Cantor Fitzgerald has made its first investment in a regulated Solana ETF, acquiring 58,000 shares of the SOLZ ETF, highlighting increased Wall Street interest in Solana [6] - Kalshi is launching tokenized event contracts on Solana, enabling users to trade various events directly on the blockchain [7] Solana's Performance - Solana's price ended the week down 6% at $128, with market sentiment potentially shifting due to an upcoming major announcement from President Donald Trump [8] - The total value locked (TVL) in Solana's DeFi sector fell by 6% to $8.5 billion, but it still holds the second position in the market [10] - Decentralized exchange (DEX) volume increased by 6%, with a cumulative 30-day figure reaching $103 billion, indicating active trading behavior [11]