First, there's significant news in the ETF space for Solana (SOL). Asset management giant Volatility Shares submitted a futures leveraged ETF to the SEC over the weekend, which is seen as a crucial first step for SOL towards a spot ETF. The advancement of ETFs typically follows a futures to spot trajectory, as has been the case with Bitcoin and Ethereum. The agency previously had successful experiences with Bitcoin and Ethereum futures ETFs, and the approval chances for the Solana futures ETF are high, especially considering the personnel changes at the SEC after the 20th, with new appointees being friendly towards cryptocurrency. The futures ETF is expected to be approved in the first half of next year, with a potential challenge for the spot ETF in the second half, which is a significant positive for investors. Solana could rise by 20% within a week as the final review approaches.

At the end of the year, many projects are releasing their outlooks for the new year, with Polkadot (DOT) and Ethereum being in the spotlight. The founder of Polkadot DOT claims that Polkadot 3.0 is coming and is developing a new protocol, but the coin price struggles to rise due to unlimited issuance and lack of a burning mechanism, leading to significant selling pressure unless the issuance mechanism changes.

The outlook and upgrade timeline for Ethereum in 2025 were released by the person in charge, who mentioned last week that after the Prague upgrade, there will be the Fuss Saka upgrade, with a focus on the Prague upgrade. The Prague upgrade is the largest in Ethereum's history, with 11 proposals expected to be included, allowing Ethereum to be faster, stronger, and more secure. Currently, there are 1-2 testnets, with preparations expected to complete in January-February, followed by one month of fork testing and one month for the mainnet upgrade. The Prague upgrade is anticipated in March-April, with the upgrade cycle usually starting two months in advance, meaning the main upward wave will likely begin from the end of January to the end of February, peaking in March/April. Ethereum and its ecosystem, including Aave, Puffer, and UNI, are expected to perform excellently in the subsequent market.