Bitcoin is poised for a potential surge to $200,000 by the end of the year, according to Standard Chartered's Geoff Kendrick, as the cryptocurrency market shows signs of recovery. This optimism follows a $19 billion liquidation event, which some investors view as a buying opportunity. However, the limited inflows into U.S. spot Bitcoin ETFs continue to restrain significant upward momentum. In Hong Kong, the Securities and Futures Commission has approved its first spot Solana ETF, marking the third such product after Bitcoin and Ethereum. The华夏基金 (Hong Kong) Solana ETF will be listed on the Hong Kong Stock Exchange. Meanwhile, Aave's DAO has proposed a $50 million annual token buyback plan, which, if approved, will proceed to a governance vote. This follows a successful $4 million buyback in April that boosted Aave's price by 13%. Additionally, Chinese AI models have outperformed U.S. counterparts in crypto trading, with DeepSeek and Qwen3 Max achieving unrealized gains of 9.1% and 0.5%, respectively. Among the top 100 cryptocurrencies, privacy coin Zcash led the gains, surging over 33% this week.