Solana Rebounds 7% on Network Fix and Hong Kong ETF Approvals

Solana price jumped 7% due to Bitcoin and Ethereum ETF approvals in Hong Kong and a network congestion update
The network issues were caused by an implementation bug rather than a fundamental design flaw
A new validator software update (v1.17.31) aims to reduce congestion and will be followed by further improvements
The update is seen as significant and validators are urged to upgrade when delinquent stake is under 5%
In addition to the price rebound, top cryptocurrencies saw uptrends from the positive regulatory developments