Odaily News: Solana validators have completed the network's first binding on-chain governance vote. Proposal SGP-0002 "Double Disinflation" passed with 67.0% support, slightly above the 66.67% threshold required for approval. During the voting period, cryptocurrency exchange Kraken had consistently voted against the proposal but switched to a supporting vote at the last moment.

The proposal increases the annual disinflation rate of new SOL issuance from 15% to 30%, bringing the fixed 1.5% issuance floor forward to 2029, ahead of the original timeline of 2032. Over the next six years, approximately 18.9 million fewer SOL are expected to be issued.

SGP-0001 "Solana Constitution" passed with 86.0% support by staked stake, officially establishing the framework for future governance voting mechanisms. Following the disinflation adjustment, staking yields are expected to decline from the current rate of approximately 5.25% to around 2.25% within three years.

SGP-0003 "Resource and Inclusion Fee" did not pass, receiving 53.9% support, below the two-thirds threshold. The proposal had sought to split transaction fees into base inclusion fees and resource fees, while increasing the daily burn amount from approximately 650 SOL to a maximum of 9,000 SOL. (Decrypt)

Odaily reported that HyperliquidNews stated on the X platform that the relevant information source is the HIP-3 page on Loris Tools.

Odaily News: HyperliquidNews posted on X platform that the number of independent traders on TradeXYZ has exceeded 400,000.

Odaily News: trade.xyz stated on the X platform that it has jointly submitted a comment letter with @HyperliquidPC to the U.S. Commodity Futures Trading Commission (CFTC), calling for the establishment of a regulated U.S. market path for energy perpetual contracts and 24/7 trading. The company stated that during this year's crude oil market shock, the energy market remained open while the benchmark market was temporarily closed; on multiple weekends, trade.xyz became the primary venue for price discovery.

The comment letter states that on February 28, the Middle East conflict disrupted energy exports from the region and unsettled global supply chains. During the oil market closure, U.S. airlines, refiners, and fund managers holding crude oil exposure lacked a regulated venue to respond until futures markets reopened on Sunday evening. On March 9, Brent crude prices approached $120 per barrel at one point, and jet fuel prices doubled within weeks.

The comment letter states that during the first weekend following the conflict, market participants outside the U.S. were able to manage crude oil exposure through the crude oil perpetual contract on Hyperliquid; from Friday's close until the benchmark market reopened, approximately two-thirds of the price movement had already occurred on-chain.

The CFTC has previously allowed the first batch of digital asset-backed perpetual contracts to trade as futures on U.S. exchanges, and is soliciting comments on issues related to energy perpetual contracts, including contract design, reference prices, market integrity, clearing, customer protection, and continuous trading.

The comment letter states that trade.xyz is the first and largest third-party perpetual contract market deployment on Hyperliquid, and its WTI, Brent crude, and Henry Hub natural gas markets have accumulated a total trading volume exceeding $500 billion since their launch in October 2025. The comment letter further states that in its research sample, during approximately 75% of weekend market closures, the weekend price of the crude oil perpetual contract was closer to the benchmark market's Friday close than the benchmark market's Sunday reopen price; since the launch of the crude oil perpetual contract, CME WTI reopening quality has not shown statistically significant deterioration.

The comment letter recommends setting asset-class-specific leverage limits for U.S. market participants engaging in energy commodity perpetual contracts, disclosing funding rates and liquidation mechanisms in plain language, and implementing other market integrity safeguards, while also allowing compliant markets to use on-chain infrastructure for trade execution, margin management, clearing, settlement, and recordkeeping.

Odaily News: Bitcoin News posted on X platform that Core Lightning version 26.06.7 has been released, fixing multiple vulnerabilities that were responsibly disclosed over the past three weeks. Recently, there has been an increase in AI-generated security reports targeting open-source Bitcoin projects. Specific vulnerability details will be kept confidential for two weeks to allow node operators to complete upgrades before technical details and source code are published. Developers warned that immediately disclosing the fixes could allow attackers to reverse-engineer the vulnerabilities and attack nodes that have not yet been updated. All Core Lightning node operators should upgrade immediately. Docker images are not yet available, and developers have explicitly warned users not to wait for the Docker image.

Odaily News: HyperliquidNews stated on the X platform that HIP-4 permissionless deployment will be enabled in the next network upgrade.

Odaily News: Brian Armstrong posted on X, stating that the U.S. invented the modern derivatives market, but as the world shifts toward 24/7 perpetual contracts, the country has failed to keep pace with financial innovation. It's time to open up stock perpetual contracts and bring the most innovative new markets back to U.S. soil.

Odaily News Financial services company Charles Schwab has announced plans to add Solana, Avalanche, and Chainlink to its cryptocurrency trading platform in the coming months, though a specific launch date has not yet been announced. The platform began offering direct Bitcoin and Ethereum trading to select eligible retail clients in May 2026.

Clients can buy and sell these cryptocurrencies through the company's website, mobile app, and the thinkorswim trading platform, with a fee of 0.75% per transaction, equivalent to $7.50 for a $1,000 trade. Previously, clients primarily gained exposure to cryptocurrencies through exchange-traded products and shares of companies such as Coinbase and Strategy.

Joe Vietri, Head of Digital Assets at Charles Schwab, stated that this expansion will increase options for clients to allocate digital assets. CEO Rick Wurster indicated in 2025 that the company is exploring the launch of a U.S. dollar-pegged stablecoin, though no related product has been announced to date. (Decrypt)

Odaily News, Coinglass data shows that in the past hour, total liquidations across the network reached $220 million, with long liquidations accounting for $209 million and short liquidations at $10.52 million. BTC liquidations amounted to $97.37 million, while ETH liquidations reached $62.13 million.

Odaily News: After a brief decline in the crypto market, Machi Big Brother (Huang Licheng) saw his investment returns drop to approximately -35%. Among them, his 25x leveraged long position on Ethereum posted floating losses of $952,000, his 40x leveraged long position on Bitcoin recorded floating losses of about $345,000, and his 10x leveraged long position on HYPE reported floating losses of approximately $311,000.

Odaily News, Circle announced that the cross-chain transfer protocol CCTP V1 (Legacy) will be gradually deprecated starting October 31, 2026, and will be fully decommissioned on December 1, 2026. If applications still route USDC through CCTP V1 contracts, they need to initiate migration immediately. Circle stated that CCTP V2 will become the only recommended path, supporting standard and fast transfer modes, programmable composability features such as Hooks, as well as future new public chain integrations. Circle has published a migration guide blog post, urging developers to complete contract and routing updates in advance to avoid disruptions in cross-chain USDC transfers.

Odaily Planet Daily News: Se Yong Park, co-founder of crypto trading app fomo, announced on the X platform that the company has completed its first funding round, with 140 angel investors participating. The cap table now lists over 200 angel investors.

He stated that early-stage founders almost always misunderstand the dynamic between the company and its angel investors, and should instead view angel investors as call options on the product's success. Even if the cap table includes tech CEOs, celebrities, and athletes, the likelihood of them providing early-stage help is close to zero. As the company scales and builds a product that angel investors genuinely want to use and are proud to share, more and more people will naturally recommend the product to others.

Odaily reported that sources revealed US House Speaker Johnson plans to meet with Republican mega-donor Elon Musk in Texas on Friday. The meeting comes as Johnson campaigns for Republican candidates across Texas ahead of the midterm elections. It is also the latest sign that Republican leaders want Musk to make substantial contributions to help the party retain control of Congress.

Sources said Musk's schedule remains subject to change, and the meeting could be adjusted at the last minute. According to reports, the tech billionaire is considering investing at least $100 million through his super PAC "America PAC" to support Republicans in this year's midterm elections, though where the funds will ultimately be directed remains unclear. Two of the sources said some Republicans believe Musk is considering channeling part of the funds into key House Republican battleground districts. (Politico)