US-based crypto marketplace and prediction platform Klashi is adding Solana SOL as a deposit option for funding users’ accounts. The CFTC-regulated exchange and prediction market, which lets users trade on the outcomes of real-world events, initially accepted only USD Coin (USDC) for crypto deposits.

Kalshi offers hundreds of markets across 12 main categories, including over 50 crypto-specific markets where users can trade contracts based on Bitcoin price thresholds, legislative developments, and adoption milestones. Kalshi also recently partnered with Elon Musk’s AI company xAI to provide AI-generated insights for betting on real-world events.

Solana SOL is up nearly 6% in the past week, and is up 1% today following that Klashi development. The sixth-largest cryptocurrency was trading at $181 at press time, and has plenty of bullish momentum behind it. The Solana Network has made several big announcements in the past month, leading it to climb in May. Most notably, the Solana network is all set to roll out a second-gen Android phone later this year. According to reports, the Solana Seeker smartphone will entail features of the Solana Sage device. The phone is set to go live and start shipping on August 4, 2025.

Also Read: Solana: What’s SOL’s Price If Its Market Cap Hits $1 Trillion

Furthermore, crypto fans are hyped for the potential launch of a spot Solana SOL ETF. Last year, the cryptocurrency market saw both Bitcoin and Ethereum get spot ETF products approved. Those ETFs were highly successful, making billions in inflows. A SOL ETF is expected to do the same, and would likely send Solana’s native cryptocurrency sky high in value. However, the SEC recently announced an extended deadline for the fund around the SOL crypto token. Specifically, it noted that more time was needed regarding the applications from 21Shares, Bitwise, VanEck, and Canary Capital.