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Solana's new bank Avici is facing ongoing attacks, with attackers having stolen over $1 million from users. The attackers' wallet holds 10,005.03 SOL (approximately $1.07 million) and about $11,600 in USDC and USDT. The attack method involves first calling the SubmitSignatures of the Avici authorization program, then calling the AddCollateralAdmin of the collateral program, and finally executing WithdrawCollateralAsset to withdraw the balance. Both of Avici's programs are upgradable and share the same standard Solana account instead of multi-signature upgrade permissions.Avici confirmed the incident 1 hour and 53 minutes after the first theft transaction, stating, "We are aware of the issue affecting card balance withdrawals and are working directly with all relevant partners to resolve it." Prior to this, users had reported stolen balances on social media. A real-time tracker established by anonymous on-chain analyst STACC recorded 125 different sending accounts, with transfer amounts ranging from approximately 9 USDC to over 26,000 USDT.As a result, the AVICI token fell 49.4% in 24 hours to $0.2175, with a market cap of approximately $2.84 million, hitting an all-time low. Avici raised funds through MetaDAO in October 2025, with an original cap of $3.5 million, but the final committed amount reached $34.2 million, and the team refunded 89.8% of the committed USDC.

Financial services giant Charles Schwab announced on Thursday that it plans to add Solana, Avalanche, and Chainlink to its cryptocurrency trading platform in the coming months, further expanding beyond Bitcoin and Ethereum, but did not provide specific launch dates. This addition comes about three months after Charles Schwab introduced direct trading of Bitcoin and Ethereum to some retail clients, who previously could only gain exposure to cryptocurrencies through exchange-traded products and stocks of companies like Coinbase and Strategy, without the ability to directly purchase cryptocurrencies.Joe Vietri, head of digital assets at Charles Schwab, stated that this expansion will provide clients with more options for digital asset allocation. Solana focuses on fast, low-cost transactions, Avalanche supports businesses and developers in creating custom blockchains, and Chainlink connects blockchains with external information, providing data such as asset prices for smart contracts. Clients can buy and sell these cryptocurrencies on the official website, mobile app, and thinkorswim platform, with a fee of 75 basis points (0.75%) per transaction.

According to the official webpage, the voting phase for the Solana double deflation proposal has ended, with a voter participation rate of 60.69%. Among the votes, 67% were in favor, the opposition rate was 25.16%, and the abstention rate was 7.84%, with the approval rate reaching the required 2/3 support threshold for passage. The proposal aims to reduce the inflation rate of SOL to about half of its original rate, increasing the deflation rate to 30%. Based on current estimates, this proposal will reduce the issuance of SOL by approximately 18.9 million over the next six years.In addition, the voting phase for the resource and fee inclusion proposal has ended, with a voter participation rate of 61.14%. Among the votes, 53.9% were in favor, the opposition rate was 18.92%, and the abstention rate was 27.18%, with the approval rate not reaching the required 2/3 support threshold for passage. This proposal suggests introducing a transaction fee mechanism based on resource consumption, charging fees according to the network resources consumed by transactions, which is expected to increase the daily burn rate of SOL from the current approximately 650 to between 7500 and 9000.

Bloomberg ETF analyst Eric Balchunas posted on the X platform that the Bitwise Solana ETF has just surpassed $1 billion in size, becoming the first Solana ETF to reach this scale.The Solana ETF category has accumulated inflows of $1.7 billion, and after experiencing a severe decline in the first half of this year, there has been almost no sustained outflow of funds.

The core development team of Solana, Anza, announced that the Solana testnet has enabled the first phase of the SIMD-0437 proposal, and the account rent reduction mechanism has begun testing. This proposal includes a total of 5 functional gates, with only the first functional gate currently activated, and all adjustments have not yet been completed and deployed to the mainnet.Once all 5 phases are completed, the storage cost parameter lamports_per_byte for Solana will be reduced from 6960 to 696, resulting in an overall reduction of 90%. For example, in the case of token accounts, the deposit required to maintain an account in a rent-exempt state is expected to decrease from approximately $0.16 to $0.016, thereby lowering the costs of account creation and application deployment.

According to data from the Solana governance platform, the "SGP-0002 Double Deflation" proposal is currently in the voting stage, with about 12 hours left until the voting deadline. This proposal was initiated by Helius (HEL1...e2TU) and suggests increasing the deflation rate in Solana's inflation plan from the current -15% to -30% to accelerate the reduction of network inflation.The current voter participation rate is 47.29%, meeting the requirement of 1/3 of the quorum. The vote distribution is as follows: For: 140.6M SOL (68.58%), Against: 47.39M SOL (23.12%), Abstain: 17.01M SOL (8.3%). Among the main voting parties, validators such as Helius, Jupiter, and Staking Facilities voted in support, while Figment, Everstake, and P2P.org voted against.

Bitwise CEO posted on the X platform, stating that approximately $100 million in funds flowed into Bitwise's ETPs in the United States. Among them, Solana accounted for about $40 million, Bitcoin about $22 million, Hyperliquid about $20 million, XRP about $12 million, and Ethereum about $1.4 million, ranking in the top five for fund inflows.Investors are increasing their exposure to crypto assets.

According to GMGN market data, the market capitalization of the Solana ecosystem Meme coin fone briefly surpassed $30 million, currently reported at approximately $23.56 million, with an intraday increase of over 58 times.In terms of narrative, fone revolves around the concept of "apeonfone," summarizing the trend of Meme coin trading becoming increasingly mobile and social as "an ape on a phone." The project community compares it to the previous cycle's dogwifhat narrative of "a dog with a hat," emphasizing that users browse social media on their phones, receive signals, and directly buy Meme coins. Please note that Meme coin prices are highly volatile, and such community-driven narratives lack stable fundamental support; please be aware of trading risks.

Polymarket US has withdrawn two NFL player participation contract documents from the prediction market platform. The platform has completed certification with the Commodity Futures Trading Commission (CFTC) and plans to launch related products no earlier than August 27. Polymarket US certifies Bitcoin, Ethereum, and Solana price contracts, all three types of contracts are submitted in pairs and classified as swap contracts under the binary options subcategory.Both the NFL contracts and cryptocurrency contracts involve the relevant classifications. The NFL compliance analysis document has been submitted separately for confidentiality, with Polymarket US requesting permanent non-disclosure on the grounds that public disclosure would leak trade secrets and give competitors an unfair advantage. As of the record, another NFL American football eligibility contract remains in certified status.

Fox Business crypto reporters posted on the X platform that the Office of the Comptroller of the Currency and the Federal Deposit Insurance Corporation are advancing the finalization of a rule to define "unsafe or unsound practices" in bank regulation. This term has not been clearly defined for years, primarily relying on the broad discretion of bank examiners.Under this rule, when regulators determine that a practice is "unsafe or unsound," they must link it to actual illegal conduct or significant financial risk, thereby reducing the likelihood of pressuring banks serving legitimate clients, including crypto companies, based on vague reputational or procedural issues. This rule marks another important step towards further dismantling "Operation Chokepoint 2."

MoonPay has integrated the Solana lending protocol Kamino into its AI payment vault PayBox, allowing eligible users to execute token lending or collateralized borrowing on Solana through conversations with ChatGPT or Claude. According to DefiLlama data, Kamino has a locked value of approximately $1.3 billion, with an active loan scale of about $1 billion.This integration does not create new loan products but replaces Kamino's original interface with natural language commands. Users can request that each transaction requires passkey approval or allow the AI to operate autonomously within preset limits. MoonPay launched PayBox in July, initially supporting payments, token swaps, cross-chain bridging, and earning through Aave. The integration of Kamino marks its expansion from AI payment tools into the credit management field.Currently, AI-based crypto applications are mainly focused on small, high-frequency payment scenarios. The x402 protocol developed by Coinbase has processed approximately $50 million and 165 million payments. This integration allows AI to manage user funds, with a single command capable of creating leveraged positions. If the value of the collateral falls and triggers Kamino's liquidation threshold, the position may be liquidated. This service is not currently available to users in the United States, United Kingdom, European Union, and Australia, with specific availability varying by asset and jurisdiction.

SOL has risen over 8% in the past 24 hours, with a cumulative increase of about 44% this month, marking the strongest single-month performance since 2024, with prices returning above $105. This round of increase coincides with the conclusion of the first on-chain binding governance vote for the Solana network, where traders have already priced in expectations of supply contraction this week.This vote includes three Solana governance proposals (SGP). SGP-1 approves the Solana Constitution, formally establishing the future on-chain voting mechanism. SGP-2 (SIMD-550), proposed by Helius engineers, doubles the deflation rate from 15% to 30%, bringing the inflation rate down to the 1.5% lower limit by 2029, reducing the issuance of approximately 18.9 million SOL over the next six years. SGP-3 (SIMD-553), proposed by Temporal, splits transaction fees into a base fee and a resource fee, with the latter being directly burned, and the daily burn amount expected to increase from about 650 SOL to a maximum of 9000 SOL.Both economic proposals require a two-thirds absolute majority of the staked weight to pass. The Nasdaq-listed Solana Company (HSDT) supports the constitutional proposal but opposes the two deflation and burn proposals on the grounds of timing, believing that current institutional stakers value predictable returns more. The voting results are expected to be announced within a few hours after the end of epoch 1023.

According to SolanaFloor, Solana's treasury company DeFi Development Corp announced the resumption of SOL purchases, with the latest acquisition of 19,000 SOL, investing approximately 1.86 million USD, at an average purchase price of 98.14 USD.After this acquisition, DeFi Development Corp's SOL treasury holdings increased to approximately 2.33 million SOL, valued at about 182 million USD at current prices.

According to SolanaFloor, the Solana double deflation proposal reached quorum 27 hours before the voting ended, with a current participation rate of 33.84%, of which 25% voted in favor.If the proposal is approved, the Solana deflation rate will double to 30%, and it is expected to reduce the issuance of approximately 18.9 million SOL over six years, equivalent to about $1.47 billion at current prices.

According to GMGN market data, BSC chain meme stocks experienced unusual movements this afternoon, with leading coins Niulai and MarsCoin rising over 20% in the last two hours.Among them: Niulai's market capitalization is currently reported at $62 million, with a 24-hour increase of 51.75%; MarsCoin's market capitalization is currently reported at $43.24 million, with a 24-hour increase of 16.89%.

According to GMGN market data, the market capitalization of the Solana ecosystem meme coin fone briefly surpassed 4 million USD, currently reported at about 3.9 million USD, with an intraday increase of over 97 times.In terms of narrative, fone revolves around the concept of "apeonfone," summarizing the trend of meme coin trading becoming increasingly mobile and social as "an ape on a phone." The project community compares it to the previous cycle's dogwifhat narrative of "a dog with a hat," emphasizing that users browse social media on their phones, receive signals, and directly buy meme coins.According to market news, meme coin prices are highly volatile, and tokens driven by such community narratives lack stable fundamental support; please be aware of trading risks.

DeFi Development Corp, a publicly traded company in the United States, announced the launch of State of Solana, a free public data dashboard that aggregates market, network, staking, and ecosystem metrics for Solana. The company is the first publicly traded firm in the U.S. to establish a treasury strategy around accumulating SOL, currently holding 2,294,576 SOL, valued at approximately $208 million, making it the second-largest holder of Solana treasury after Forward Industries.Pete Humiston, Chief Marketing Officer of DeFi Development Corp, stated that the company has spent considerable time explaining why they believe Solana is one of the most important networks in the crypto space, but this argument goes far beyond the price of SOL. State of Solana allows investors and ecosystem participants to view the underlying data themselves. The dashboard tracks SOL returns over five time windows, rainbow chart price history, real-time epoch progress and block times, transactions per second throughput, estimated staking yield and inflation rate, top yields in Solana DeFi, cross-chain activity comparisons, and validator staking distribution (including the Nakamoto coefficient).The company's stock, DFDV, is currently trading at approximately $4.50, with a market capitalization of about $140 million, down about 16% since the beginning of the year and down about 72% from $16 a year ago.

According to The Block, Solana digital asset reserve company DeFi Development Corp. has launched a public real-time data and research platform called State of Solana, aimed at tracking metrics such as market, staking, validators, yields, and ecosystem of the Solana network.The company currently holds approximately 2.3 million SOL, valued at about $208 million. Meanwhile, its Nasdaq-listed stock has fallen by about 16% year-to-date.

The 21Shares report shows that Solana is advancing two governance proposals, SIMD-550 and SIMD-553, which may significantly change the SOL holding economic model in the next two years.SIMD-550 proposes to increase Solana's annual inflation reduction rate from 15% to 30%, allowing it to reach a terminal inflation rate of 1.5% more quickly, with nominal staking yields expected to drop to about 2.25% within three years.SIMD-553 was approved and merged on July 20, and will introduce a destruction fee for compute unit requests, increasing the daily SOL burn amount from about 600-800 to about 7500-9000.The report believes that although the decline in staking income will directly affect the earnings of validators and stakers, a lower issuance combined with a higher burn rate may improve the long-term supply and demand structure of SOL, and could drive some capital towards the decentralized finance ecosystem on the Solana chain.