News linked to both this project and an event.
Western Union has partnered with stablecoin infrastructure provider Rain to launch Stablecard, a digital wallet and Visa-branded card that enables users to hold and spend US dollar-pegged stablecoins. The product is now available in 37 markets, with Western Union planning to expand to more than 60 markets by the end of this year. Stablecard supports USDPT, a US dollar-pegged stablecoin issued by Anchorage Digital Bank and running on the Solana blockchain. Users can directly receive Western Union remittances and transfer funds to compatible crypto wallets and exchanges. Users can also spend their balances at all Visa-accepting merchants, as well as through Apple Pay and Google Pay. Western Union also unveiled USDPT in May and expanded its ecosystem through exchange partnerships in June.
Odaily News Coinbase has released its Q2 2026 Solana validator operations report, stating that its Solana validator nodes outperform the network average in terms of yield, stability, and infrastructure distribution. Data shows that Coinbase currently stakes approximately 41.63 million SOL across 23 validator nodes, accounting for 9.72% of Solana's total staked supply, with nodes distributed across 7 countries, including the United States, United Kingdom, Germany, Japan, Singapore, and other regions. Key operational metrics are as follows:Staking scale: 41.63 million SOL, representing 9.72% of total network staked supply;Staking yield: Q2 2026 quarterly APY of 6.52%, higher than the network average of 6.38%, outperforming by 14 basis points;Block skip rate: 0.035%, lower than the network average of 0.136%, approximately one-quarter of the network average.Coinbase stated that its validator nodes employ a multi-client architecture, currently running four clients, including Harmonic, Jito, JitoBAM, and Firedancer. All solutions have been reviewed by the Solana Foundation and do not employ aggressive MEV timing strategies that could impact user experience. In terms of infrastructure, Coinbase has deployed its validator nodes across two independent bare-metal service providers, with off-site backups configured for each node to mitigate single points of failure. Additionally, the company stated that it has migrated its entire validator cluster to the DoubleZero network, achieving approximately 99.9% session availability.Coinbase also revealed that it is preparing for Solana's Alpenglow consensus upgrade, expected to advance later in 2026, including running community test nodes, developing new consensus health monitoring tools, and completing related vote account upgrade verification.
SolanaFloor stated that Solana's first block time reduction adjustment under the SIMD-0525 framework will go live on the testnet within two hours. This adjustment will reduce the target block time from 400 milliseconds to 350 milliseconds, marking the first step in a four-phase rollout towards a 200-millisecond target block time.
Odaily News: Global remittance giant Western Union has announced the official launch of Stablecard, built on Rain's stablecoin infrastructure. Users can directly receive USDPT, a stablecoin issued by Western Union and minted on Solana via Anchorage Digital Bank, and spend instantly at Visa-accepting merchants worldwide through the integrated Visa card, or choose to withdraw cash. Stablecard initially covers 37 markets, with Western Union planning to expand to over 60 markets by the end of the year. The company stated that stablecoins will help reduce upfront capital requirements for cross-border remittances, improve capital efficiency, and support the launch of additional digital financial services.
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.
Odaily News: Zurich-based crypto bank Sygnum Bank has integrated its regulated cryptocurrency services into the Bancastato online banking system, allowing clients in the Swiss canton of Ticino to buy, hold, and sell BTC, ETH, LTC, and SOL via Bancastato's web and mobile platforms without needing to open a separate exchange account. Bancastato has become the first bank to offer cryptocurrency trading through Sygnum's application programming interface within an Avaloq software-as-a-service banking environment. Clients can place market orders based on cryptocurrency quantity or dollar value, with Sygnum handling trade execution while Bancastato retains the client relationship, brand, and front-end experience. Sygnum stated that its B2B platform has provided trading, custody, compliance, and settlement infrastructure to more than 25 banks and international financial institutions, including partners such as Zuger Kantonalbank, Luzerner Kantonalbank, Postfinance, and VZ Vermögenszentrum. Sygnum noted that these collaborations have delivered regulated digital asset services to over one-third of the Swiss population through existing banking relationships.
Odaily News: Crypto KOL Unipcs (also known as "Bonk Guy") stated that Crypto Twitter (CT) and on-chain traders are constantly rotating to chase the hot narratives of each newly launched public chain—essentially, they are continuously seeking new opportunities to lose money.Unipcs noted that two weeks ago, the market concentrated on hyping the Base ecosystem narrative due to Robinhood Chain's performance, but the trend ultimately did not last. Last week, the market began viewing Stable Chain as the next "Robinhood Chain" opportunity, and he had previously warned the community about the related risks.He stated that the highest market-cap Meme coin on Stable Chain has already dropped approximately 90%, and most Meme projects have not generated genuine market attention.Unipcs believes he is not opposed to Tether or Arc Chain—if they focus on their positioning as stablecoin infrastructure, they may still achieve growth. However, forcibly fitting every new chain into the Meme coin narrative is an unreasonable market behavior.He added that many participants do not understand Meme coin culture, which could lead to significant losses for investors' assets. For trading Meme coins, Unipcs recommends focusing on networks with existing ecosystem foundations, such as Robinhood Chain, Solana, and BNB Chain.
Bitwise released its Q3 2026 staking report. Currently, 40.2 million ETH are staked, accounting for 33% of the total supply. New staking this year primarily comes from institutions, including staking ETFs, corporate treasuries, and other large holders, continuing to increase despite price declines. Staking ratios on other networks also remain high: Solana at 68%, Near at 45%, Hyperliquid at 44%, and Avalanche at 41%. Ethereum throughput increased 73% year-over-year, while Avalanche trading volume grew 4x year-over-year. Institutional staking is also expanding to emerging networks.
Solana tweeted that South Korean fintech company KSNET has signed a memorandum of understanding with the Solana Foundation to integrate Solana Pay into its payment network. The network covers over 330,000 merchants and has a monthly transaction volume of approximately $4 billion.
According to BeInCrypto, the official verified X account of U.S. Senator Cynthia Lummis was hacked on July 29. The account briefly posted a fake Solana Meme coin promotion post named $USA Token, featuring a pump.fun minting link. The post was deleted within approximately five minutes, accumulating around 5,600 views and 37 replies during that period. Crypto community users quickly issued warnings, and there are currently no records of financial losses. Lummis's office had not released any statement as of press time. The timing of this incident is sensitive, coinciding with the stalemate of the "Digital Asset Market Transparency Act" (CLARITY Act) championed by Lummis in Congress.
BitcoinTreasuries.NET posted on X, stating that Strategy MSTR has been tokenized on Solana, supporting 24/7 trading; 38 million monthly active users can now access the largest corporate Bitcoin reserve and fully redeem it to traditional brokerage accounts.
According to The Block, SoFi's crypto trading revenue in the second quarter increased 10% quarter-over-quarter, reaching $134.3 million, with net income of approximately $1.2 million after deducting $133.1 million in transaction costs. Meanwhile, SoFi's stablecoin SoFiUSD has begun processing 24/7 business payments through its business banking platform Big Business Banking, and went live for retail users in May, supporting buying, selling, holding, and exchanging on Ethereum and Solana.
Approximately one month after its launch, Robinhood Chain has surpassed Solana in two metrics: Meme coin trading volume and the number of tokenized stock holders. On-chain data shows that Robinhood Launchpad's weekly trading volume reached $1.23 billion, surpassing Solana's core Meme coin platform PumpSwap's $1.22 billion for the first time; in terms of tokenized stock asset holders, Robinhood Chain leads with 330,000 users, followed closely by Solana with 281,000, while BNB Chain ranks third with 214,000. However, the lead in holder count has not translated into an advantage in asset scale—Robinhood Chain accounts for only about 1% of the over $2 billion tokenized stock market. Additionally, Meme coin hype cooled off towards the end of the month, with the chain's DEX daily trading volume falling from a peak of $900 million to around $500 million. To date, Robinhood Chain has generated cumulative revenue of approximately $3 million. On the stock front, institutional analysts from Bernstein, Goldman Sachs, and others maintain a bullish outlook on HOOD stock, with a target price of $122, representing approximately 31% upside potential from the current price of $92.7.
Bloomberg ETF analyst Eric Balchunas stated on X that the Morgan Stanley Ether ETF and Solana ETF went live today, both with a fee rate of 0.14%, making them the lowest-fee ETFs in their respective categories. Although its Bitcoin ETF was launched in the midst of winter, it has reached a scale of $400 million within four months.
: A security report for the first half of 2026 released by on-chain security platform Blockaid shows that the crypto industry suffered losses exceeding $1 billion during the period, with a record number of hacker incidents in six months. Blockaid tracked 212 security incidents, including a single attack on KelpDAO that resulted in a loss of $292 million. Ethereum and Solana were the networks with the largest amounts of stolen funds during the period, with losses of approximately $332 million and $326 million, respectively. Blockaid stated that the number of high-threshold attacks in the first half of 2026 was 3.4 times that of the entire year of 2025. Ethereum incidents were primarily driven by code vulnerabilities, with attack vectors including bridge and smart contract exploits, unauthorized access to privileged accounts, and market manipulation. Solana's losses increased significantly from approximately $127 million in 2025, with over 98% of losses stemming from key leaks, primarily involving incidents related to Drift Protocol and Step Finance.
SolanaFloor posted on X platform, stating that Solana plans to increase the mainnet block compute limit from 60 million CU to 100 million CU within less than 24 hours, an increase of about 66%. The relevant upgrade SIMD-0286 is expected to be activated at the start of Epoch 1009.
According to monitoring by Odaily, two independent third-party websites—strategicethreserve[.]xyz, which tracks data on listed companies holding ETH treasuries, and strategicsolanareserve[.]org, which tracks data on listed companies holding SOL treasuries—have both ceased updating. The latest data on the former shows Bitmine increasing its ETH holdings on June 7; the latter website is no longer accessible, and the last update on its official social media account dates back to November of last year.
last night that Hyperliquid and Multicoin jointly announced their support for the CFTC’s prediction market framework.Regarding this collaboration, Kyle Samani, a critic of Hyperliquid and former co-founder of Multicoin who has since left the firm, stated on X: “If you are building in the Solana ecosystem, you should understand that Multicoin will obstruct everything you do.”
According to on-chain investigator Specter, the wallet (2yu...BMC) publicly shared by Kimchi in an X reply in April 2024 is linked to trading activity following the listing of several tokens. On May 30, 2024, at 13:41 UTC, within the same minute as the STAR deployment, the Kimchi-associated wallet purchased tokens for 2.96 SOL (valued at $407) and later sold them for $45,600. On June 11, 2024, at 23:38 UTC, two minutes after the deployment of DADDY ANSEM, the Kimchi-associated wallet bought tokens for 4.94 SOL ($730) and later sold them for $14,600. On June 26, 2024, at 22:45 UTC, one minute after the deployment of MUVA, the Kimchi-associated wallet bought tokens for 2.9 SOL ($407) and later sold them for $53,000. Specter also stated that a cluster of exchange deposit addresses revealed 5 additional wallets involved in the same MUVA launch bundle trade; currently, there is no verifiable evidence to prove that Kimchi obtained eight-figure dollar profits from the TRUMP token.
Coinbase announced on X platform that it is upgrading the Coinbase DEX experience. Users can now search for and trade Base or Solana tokens immediately after they go live on-chain, now available on the new Launches tab.