Solana Price Drops 18% Amid SEC Review Despite R3 Partnership

In early June 2025, the Solana (SOL) ecosystem experienced a significant development as British software company R3 reached a cooperation agreement with the Solana Foundation. This agreement aimed to migrate the asset tokenization business of several large financial institutions, including HSBC, Bank of America, Euroclear, and the Monetary Authority of Singapore, to the Solana blockchain. This move underscores Solana's growing influence as a powerful alternative to Ethereum in the traditional financial market.

Despite these positive developments, the price of SOL fell by 18% in May. This decline was primarily attributed to the US Securities and Exchange Commission's (SEC) review of collateralized ETFs, which resulted in a decrease of $330 million in open interest. This market volatility has led many SOL holders to seek stable sources of passive income.

In response to the market volatility, many SOL holders have turned to mining Dogecoin through XY Miners, a UK-compliant cloud mining platform. This platform allows users to earn up to $17,777 per day. XY Miners utilizes renewable energy sources such as hydropower, wind power, and solar power to create an efficient, safe, and environmentally friendly cloud mining ecosystem. Users do not need any technical background or expensive equipment; they only need to register online and choose a computing power contract to start earning daily income.

For SOL holders looking to increase the value of their assets without taking on additional risks, participating in Dogecoin cloud mining through XY Miners presents a strategic option. Cloud mining eliminates the need for expensive equipment, expertise, and high electricity costs. Users can rent computing power or mining machines on the platform, which mines on their behalf at a remote location and distributes the cryptocurrency revenue generated daily.

XY Miners offers several core advantages, including a sign-up bonus of $15 and daily earnings of $0.50 for logging in. Users do not need to purchase or maintain expensive mining equipment or sign contracts. The platform supports deposits and withdrawals in multiple cryptocurrencies, including DOGE, BTC, ETH, SOL, XRP, USDC, LTC, USDT-TRC20, and USDT-ERC20. The intuitive interface is designed for both beginners and experienced miners, and the affiliate program allows users to receive up to 3% + 1.5% referral rewards and up to $30,000 in bonuses. Additionally, the platform adopts green mining technology, ensuring a sustainable development path that balances environmental protection and high efficiency. A comprehensive risk management system provides round-the-clock security for user funds.

To start cloud mining on XY Miners, users need to enter their email address and register in less than a minute. They can then choose from a variety of mining plans based on different budgets and profit goals. For example, the Antminer L7 Investment requires a $100 investment and offers a total return of $106, including $6 in profit. The Antminer L9 Investment requires a $500 investment and offers a total return of $537.50, including $37.5 in profit. The Antminer S21+ Investment requires a $1,000 investment and offers a total return of $1,146.30, including $146.3 in profit. The Antminer S19e XP Hyd Investment requires a $5,000 investment and offers a total return of $7,355, including $2,355 in profit. The Antminer S21+ Hyd Investment requires a $10,000 investment and offers a total return of $16,048, including $6,048 in profit. The On-rack Filecoin Miner Investment requires a $50,000 investment and offers a total return of $89,990, including $39,990 in profit. Once the contract is active, the system begins mining instantly, and daily income is calculated every 24 hours, allowing users to withdraw or reinvest at any time.

In the mining industry, trust and security are paramount. XY Miners prioritizes the security of user assets, adhering to principles of legal, compliant, open, and transparent operation. The platform has built a multi-level risk control system to ensure that every investment is safe and controllable, allowing users to focus on profit growth with peace of mind. All mines are powered by renewable energy, actively promoting the concept of carbon neutrality and encouraging the mining industry to develop in a green and low-carbon direction. The use of clean energy not only reduces the environmental burden but also helps achieve long-term and stable returns, creating sustainable wealth growth opportunities for every user.