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Helius aims to help creators overcome these obstacles by providing APIs (or application programming interfaces) to understand on-chain data and query transactions, as well as webhooks that enable automations and bots, plus RPC nodes that allow Solana apps to interact with the blockchain. All in all, they are designed to simplify complexity and facilitate application development.
Forward Industries' Proposal to Acquire Solana Company Parent HSDT Rejected
Odaily reports, Nasdaq-listed Forward Industries has confirmed that it submitted a non-binding proposal to the board of directors of Helius Medical Technologies (HSDT), the parent company of Solana Company, for an all-stock business combination. The HSDT board voted on June 12 to reject the offer and stated that it would not engage in further discussions regarding the transaction.Forward Industries expressed that it is "disappointed and surprised" by this decision, adding that it believes initiating dialogue is in the best interests of both companies and their shareholders. The proposal is indicative in nature, with specific valuation, exchange ratio, and subsequent plans yet to be disclosed.
Solana Infrastructure Company Helius Acquires Light Protocol to Advance On-Chain Privacy Infrastructure
Solana infrastructure company Helius has announced the acquisition of Light Protocol, whose team will refocus on developing privacy solutions for Solana.Founded in 2021, Light Protocol initially focused on zero-knowledge proof-based privacy tools for Solana before pivoting to co-develop ZK Compression with Helius. Launched in 2024, this solution aims to reduce on-chain data storage costs on Solana via zero-knowledge proofs, supporting large-scale consumer and enterprise applications.This acquisition will drive Light back to its original mission, combining its cryptographic expertise with Helius' infrastructure and distribution advantages to develop ZK privacy protocols for Solana, covering scenarios such as private payments and private DeFi. Helius plans to open up relevant privacy infrastructure to developers in the coming months.The transaction occurs against a backdrop of accelerating consolidation in the crypto industry and tightening fundraising conditions, while also echoing a renewed demand for on-chain privacy. Helius founder Mert Mumtaz stated that privacy will be as fundamental to blockchain scaling as HTTPS was to the internet.
Solana Governance Proposal SGP-0002 "Double Disinflation" Enters Support Phase
Solana Governance Proposal SGP-0002 "Double Disinflation" has entered the support phase. The proposal, submitted by Helius, aims to increase the annual inflation decay rate from 15% to 30%, accelerating the rate of inflation decline while keeping the initial inflation rate and the terminal inflation rate of 1.5% unchanged. If the proposal passes, the time for Solana to reach the terminal inflation rate is expected to be shortened from approximately 5.7 years to approximately 2.8 years, and the SOL issuance over the next 6 years is expected to decrease by approximately 18.9 million tokens.
Helius researcher releases proposal to increase Solana’s deflationary rate from -15% to -30%
Helius released a research article stating that Solana’s inflation adjustment proposal, SIMD-550, recommends increasing the inflation deceleration rate from -15% to -30%, thereby shortening the time required to reach the long-term inflation target of 1.5% from approximately 5.7 years to 2.8 years. Modeling estimates indicate that this proposal would reduce SOL issuance by roughly 18.89 million tokens over the next six years—equivalent to approximately $1.51 billion at current prices.
Solana Infrastructure Company Helius Acquires Light Protocol to Advance On-Chain Privacy Infrastructure
Solana infrastructure company Helius has announced the acquisition of Light Protocol, whose team will refocus on developing privacy solutions for Solana.Founded in 2021, Light Protocol initially focused on zero-knowledge proof-based privacy tools for Solana before pivoting to co-develop ZK Compression with Helius. Launched in 2024, this solution aims to reduce on-chain data storage costs on Solana via zero-knowledge proofs, supporting large-scale consumer and enterprise applications.This acquisition will drive Light back to its original mission, combining its cryptographic expertise with Helius' infrastructure and distribution advantages to develop ZK privacy protocols for Solana, covering scenarios such as private payments and private DeFi. Helius plans to open up relevant privacy infrastructure to developers in the coming months.The transaction occurs against a backdrop of accelerating consolidation in the crypto industry and tightening fundraising conditions, while also echoing a renewed demand for on-chain privacy. Helius founder Mert Mumtaz stated that privacy will be as fundamental to blockchain scaling as HTTPS was to the internet.
Y Combinator launches YC Crypto Deals program, with Solana Foundation and others participating
Odaily Y Combinator has launched the YC Crypto Deals program to help startups secure grants, Gas fee credits, and crypto infrastructure support from partners such as the Solana Foundation, QuickNode, Helius, and Phantom.
Solana and Google Cloud Launch Pay.sh, Enabling AI Agents to Call API Services Using Stablecoins
: The Solana Foundation and Google Cloud have jointly launched the AI payment gateway Pay.sh, allowing AI agents to pay for API services on a per-request basis using Solana on-chain stablecoins, eliminating the need for traditional account systems. The system is built on the x402 protocol and supports the Machine Payments Protocol developed by Tempo and Stripe.Currently, AI agents can access Google Cloud services such as Gemini, BigQuery, and VertexAI through Pay.sh. The platform also supports AI tools including Anthropic Claude Code, OpenAI Codex, and OpenClaw, along with over 50 community API providers. Additionally, it integrates infrastructure and data services such as Helius, Alchemy, Dune Analytics, and Nansen. (Decrypt)
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Solana Network Narrowly Avoids Freeze, Data Center Routing Failure Causes Nearly 29% of Staked Tokens to Briefly Go Offline
According to CoinDesk, the Solana blockchain narrowly avoided a network-wide freeze early Wednesday morning. Staking platform Marinade disclosed that a network routing failure occurred at the Miami node of data center provider Teraswitch, quickly spreading to data centers in London, Amsterdam, Frankfurt, Singapore, and Tokyo, causing approximately 29% of the total network staked tokens to go offline, an amount approximately 20 million SOL short of the one-third threshold that triggers the network to halt finality. Approximately 90 validator nodes were affected, resulting in a combined loss of 333 SOL in rewards. About 10 minutes after the failure occurred, Teraswitch resolved the routing issue, and the network restored normal traffic at 4:16 UTC. Major affected validator nodes (including Helius) remained offline for approximately 33 minutes as the backup system failed to switch over automatically.
Solana narrowly avoided a halt this morning, with 28.83% of staked SOL losing connection and 333 SOL in rewards lost
Odaily News, Marinade Finance stated on the X platform that the Solana network came close to a halt this morning, with 28.83% of staked SOL losing connection, approaching the 33.34% halt threshold. This involved 90 validator nodes, with a total loss of approximately 333 SOL in rewards. The fault was caused by a routing error from service provider Teraswitch: an erroneous route from the Miami node was broadcast to Europe and the Asia-Pacific region, causing 12 nodes (LON1, AMS1-3, DUB1-2, FRA2, SGP1-2, TYO1-3) to lose valid routes. North America was unaffected, and the fault was resolved within 10 minutes. Marinade Finance pointed out that AS20326, an ASN hosting more than a quarter of the network's total staked amount, saw 94% of its staked volume go offline simultaneously during the fault, accounting for an actual 27.34% share, surpassing the 25% cap set by SFDP. Helius, the network's second-largest node, was offline for 33 minutes in total, with only a few nodes achieving smooth failover. Marinade Finance stated it will review staking concentration limits and push validator nodes to publicly disclose their failover capability information.
Solana Governance Proposal SGP-0002 "Double Disinflation" Enters Support Phase
Solana Governance Proposal SGP-0002 "Double Disinflation" has entered the support phase. The proposal, submitted by Helius, aims to increase the annual inflation decay rate from 15% to 30%, accelerating the rate of inflation decline while keeping the initial inflation rate and the terminal inflation rate of 1.5% unchanged. If the proposal passes, the time for Solana to reach the terminal inflation rate is expected to be shortened from approximately 5.7 years to approximately 2.8 years, and the SOL issuance over the next 6 years is expected to decrease by approximately 18.9 million tokens.
Helius researcher releases proposal to increase Solana’s deflationary rate from -15% to -30%
Helius released a research article stating that Solana’s inflation adjustment proposal, SIMD-550, recommends increasing the inflation deceleration rate from -15% to -30%, thereby shortening the time required to reach the long-term inflation target of 1.5% from approximately 5.7 years to 2.8 years. Modeling estimates indicate that this proposal would reduce SOL issuance by roughly 18.89 million tokens over the next six years—equivalent to approximately $1.51 billion at current prices.
Forward Industries' Proposal to Acquire Solana Company Parent HSDT Rejected
Odaily reports, Nasdaq-listed Forward Industries has confirmed that it submitted a non-binding proposal to the board of directors of Helius Medical Technologies (HSDT), the parent company of Solana Company, for an all-stock business combination. The HSDT board voted on June 12 to reject the offer and stated that it would not engage in further discussions regarding the transaction.Forward Industries expressed that it is "disappointed and surprised" by this decision, adding that it believes initiating dialogue is in the best interests of both companies and their shareholders. The proposal is indicative in nature, with specific valuation, exchange ratio, and subsequent plans yet to be disclosed.
Solana Infrastructure Company Helius Acquires Light Protocol to Advance On-Chain Privacy Infrastructure
Solana infrastructure company Helius has announced the acquisition of Light Protocol, whose team will refocus on developing privacy solutions for Solana.Founded in 2021, Light Protocol initially focused on zero-knowledge proof-based privacy tools for Solana before pivoting to co-develop ZK Compression with Helius. Launched in 2024, this solution aims to reduce on-chain data storage costs on Solana via zero-knowledge proofs, supporting large-scale consumer and enterprise applications.This acquisition will drive Light back to its original mission, combining its cryptographic expertise with Helius' infrastructure and distribution advantages to develop ZK privacy protocols for Solana, covering scenarios such as private payments and private DeFi. Helius plans to open up relevant privacy infrastructure to developers in the coming months.The transaction occurs against a backdrop of accelerating consolidation in the crypto industry and tightening fundraising conditions, while also echoing a renewed demand for on-chain privacy. Helius founder Mert Mumtaz stated that privacy will be as fundamental to blockchain scaling as HTTPS was to the internet.