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Solana is a high-performance blockchain protocol designed to enable scalable, user-friendly applications for the world.
Mirae Asset Securities' Hong Kong subsidiary completes tokenized note issuance on Solana
According to Tech in Asia, Mirae Asset Securities (Korea)’s Hong Kong subsidiary, Mirae Asset Securities (HK), announced that it has completed an issuance of tokenized financing notes on the Solana blockchain for qualified institutional investors. The notes are denominated in US dollars, have a six-month term, and are floating-rate notes. They are part of the company’s $3 billion guaranteed structured note program (which denotes the total program size, not the issuance amount for this offering). Singapore-regulated digital market infrastructure operator Marketnode served as the authorized distributor, with support from the Solana Foundation, while Mirae Asset handled the token issuance, payment processing, and full lifecycle management. The notes were offered exclusively through a private placement to professional investors as defined under Hong Kong’s Securities and Futures Ordinance, and have not been recognized or registered by the Hong Kong Securities and Futures Commission.
SkyAI Major Shareholder Bastion Trading Demands Board Accountability and Disclosure of SOL Liquidation Details
Bastion Trading, a major shareholder holding approximately 9.99% of SkyAI (Nasdaq: SKYA), has issued a statement demanding that Executive Chairman Paul K. Danner III and several directors publicly explain the decision-making process behind the liquidation of the company's entire SOL reserve and the approval of the cash tender offer, and calling for a higher offer price and stronger disclosure of conflicts of interest. Bastion Trading noted that SkyAI launched its tender offer on October 16, 2026, but failed to adequately address its previously raised corporate governance concerns; just one month earlier, the company had still stated that it held more than 2 million SOL and reaffirmed its Solana digital asset treasury (DAT) strategy.Bastion Trading demands that the tender offer price be raised from $3 per share to at least $3.5 per share, and that the maximum acquisition ratio of pre-funded warrants be increased from 95% to 100%; it also requires that strategic advisor warrants be excluded from the scope of the offer, that the securities and potential gains held by directors, officers, and related parties be disclosed, and that information including the SOL sale transactions, the company's balance sheet, and the basis for the tender offer pricing be published. The firm also stated that if directors cannot demonstrate that they fulfilled their independent oversight duties, they should resign voluntarily; otherwise, a special shareholders' meeting should be convened to let shareholders decide the composition of the board. The above content represents demands unilaterally raised by Bastion Trading, and the relevant response from SkyAI's board has not been reflected in the provided materials. (Globenewswire)
Spout Finance Completes $2 Million Strategic Funding Round with Participation from Draper Dragon and Others
Odaily News: Spout Finance announced the completion of a $2 million strategic funding round, with participation from Draper Dragon, Anchorage, Flow Traders, Vessel Capital, Solayer, 2Square, and Bering Waters Group, among others, as well as strategic support from Solana Labs. The project's main business is providing Solana-based DeFi lending services, enabling users to borrow stablecoins such as USDC using their tokenized US stocks as collateral, without paying interest.
Rome 宣布推出原生代币 ROME，累计融资 900 万美元
据官方消息，跨链互操作性协议 Rome Protocol 宣布推出其原生代币 ROME。该协议旨在连接以太坊虚拟机（EVM）与 Solana，使 Solidity 智能合约能够与 Solana 原生程序及资产实现单笔交易内的原子化结算，其协议底层程序已在 Solana 主网运行并通过 Halborn 审计。
Solana Ecosystem's Orca and Loopscale Complete Merger, Aiming to Provide Financing Support for AI, Robotics, and Defense Sectors
Solana ecosystem projects Orca and Loopscale have announced the completion of their merger, aiming to provide financing support for the AI, robotics, and defense sectors.
Solana treasury company DFDV increased its holdings by approximately 26,200 SOL last week, bringing its total position to over 2.56 million SOL.
According to GlobalNewswire, DeFi Development (DFDV), a Nasdaq-listed Solana treasury company, disclosed that it added approximately 26,203 SOL to its holdings last week, bringing its total position to roughly 2.5642 million SOL, valued at approximately $302 million. DFDV also revealed that its SOL and equivalent asset holdings have grown by approximately 11% since reporting its second-quarter results on August 12. Additionally, it completed the initial dividend distribution for its CHAD Variable Rate Preferred Shares on October 1. This instrument is designed to generate returns through SOL staking and validator node operations to fund dividend payments and act as a financing mechanism for further SOL accumulation.
Polymarket US Platform Launches 5-Minute Cryptocurrency Prediction Contracts Covering BTC, ETH, SOL, and XRP
According to CoinDesk, prediction market platform Polymarket launched five-minute cryptocurrency price prediction contracts on Oct. 28 on a platform regulated by the U.S. Commodity Futures Trading Commission (CFTC), covering Bitcoin, Ethereum, Solana, and XRP. Users can wager on whether the cryptocurrency’s price at the end of the five-minute cycle will be higher or lower than the starting price; correct predictions pay out $1 per contract, while incorrect ones receive no payout.
Mirae Asset Securities' Hong Kong subsidiary completes tokenized note issuance on Solana
According to Tech in Asia, Mirae Asset Securities (Korea)’s Hong Kong subsidiary, Mirae Asset Securities (HK), announced that it has completed an issuance of tokenized financing notes on the Solana blockchain for qualified institutional investors. The notes are denominated in US dollars, have a six-month term, and are floating-rate notes. They are part of the company’s $3 billion guaranteed structured note program (which denotes the total program size, not the issuance amount for this offering). Singapore-regulated digital market infrastructure operator Marketnode served as the authorized distributor, with support from the Solana Foundation, while Mirae Asset handled the token issuance, payment processing, and full lifecycle management. The notes were offered exclusively through a private placement to professional investors as defined under Hong Kong’s Securities and Futures Ordinance, and have not been recognized or registered by the Hong Kong Securities and Futures Commission.
Solflare Validator Node Provider Security Incident, SOL Staking Rewards Suspended
Solflare stated that a security incident involving its SOL staking service provider has impacted the Solflare validator node keys held by that provider, and an investigation is currently underway. As a result, Solflare validator nodes are temporarily unable to generate staking rewards. Solflare emphasized that user-delegated SOL is stored in staking accounts controlled by users' own keys, and user funds remain unaffected.
JPMorgan Asset Management Launches Tokenized Money Market Fund on Solana
According to PR Newswire, J.P. Morgan Asset Management announced on October 22 that its tokenized money market funds MONY and JLTXX are now live on the Solana blockchain and available to eligible U.S. investors. Eligible investors can subscribe and redeem through its institutional trading platform, Morgan Money, and receive their token balances at their own blockchain addresses. MONY is a private fund established under Rule 506(c), launched in December 2025. At that time, J.P. Morgan became the first global systemically important bank to launch a tokenized money market fund on a public blockchain. JLTXX is a U.S.-registered government money market fund, with an investment approach designed to support stablecoin issuers under the framework of the GENIUS Act.
Covering 82 million Galaxy devices, Samsung will support USDC cross-border transfers in Samsung Wallet in the last week of October
Odaily reports: A Solana Foundation official stated that the U.S. GENIUS Act provides regulatory momentum for enterprises and financial institutions to enter the stablecoin space, and is also one of the important background factors behind Samsung's launch of stablecoin payment services. Samsung has announced that starting in the last week of October, it will support USDC cross-border transfers in Samsung Wallet, initially targeting eligible Galaxy users in the United States and covering approximately 82 million devices. Users can transfer USD stablecoins to compatible crypto wallets within seconds with no transfer fees, and can also send remittances to eligible bank accounts in more than 60 countries and regions. The service will use the Solana and Sui networks as its underlying infrastructure, with licensed stablecoin custodian Bastion providing transfer services and Coinbase Prime serving as sub-custodian responsible for safeguarding USDC assets.
Bastion Trading Opposes SkyAI's $201 Million Tender Offer, Demands Investigation into ~70% SOL Sale and a Price Increase to at Least $3.50
Odaily News: Investor Bastion Trading has stated that it will not participate in SkyAI's proposed $201 million tender offer unless SkyAI addresses governance, disclosure, and pricing issues. Bastion Trading and its affiliates collectively hold approximately 9.99% of SkyAI's common stock. SkyAI plans to acquire up to 95% of its outstanding shares and eligible warrants at $3 per share.Bastion Trading is questioning the scale of SkyAI's sale of approximately 70% of its SOL treasury assets. SkyAI previously claimed to have sold about 1 million SOL, but subsequent regulatory filings showed it had only about 600,000 SOL remaining. Bastion Trading is demanding disclosure of the sale timing, average transaction prices, proceeds, transaction costs, and approval processes, as well as an independent review before the tender offer begins.Bastion Trading is also demanding the replacement of SkyAI board members, the establishment of an independent special committee to oversee the tender offer process, and a price increase to at least $3.50 per share. It is also calling for the removal of the $100 SOL price condition and the 50% minimum participation threshold, the exclusion of strategic advisor warrants, and a prohibition on insiders tendering their securities. (Bitcoin.com News)
Opinion: Binance Hack May Affect Some Market Makers and Quantitative Firms; SOL and Altcoin Prices More Volatile as a Result
Odaily reports: Crypto KOL Seven research posted that "right now, the vast majority of market makers and quantitative firms in the crypto market keep the bulk of their capital and main margin accounts on Binance. Many institutions engage in cross-exchange arbitrage or hedging, and Binance's suspension of withdrawals could cause their funding chains to seize up on the spot—if market volatility continues to intensify, they would be unable to withdraw funds from Binance to top up margin elsewhere. To avoid liquidation, they would be forced to close positions on other exchanges and on-chain, forcibly pulling cash back. This is also why, even though the assets stolen were Ethereum-ecosystem assets, Solana and a bunch of altcoins ended up crashing along with it today."
Wallet Linked to Binance Hackers Holds About 253,000 ETH, Worth Approximately $570 Million
Odaily report: A wallet suspected to be associated with the Binance hack incident received tens of thousands of ETH through a Uniswap contract and borrowed 19,762 ETH on Aave using approximately $60 million in USDT as collateral. On-chain records do not show any vulnerabilities in Uniswap or Aave.As of 22:07 UTC, the two wallets held approximately 253,000 ETH, worth about $570 million, with no outgoing transfers recorded. Aave has paused the Ethereum mainnet V3 market, and Kamino has also paused borrowing in the SOL/BTC market; Ripple has frozen approximately $200 million in RLUSD, and more than $2 billion in USDT and USDC has been frozen by stablecoin issuers. (Decrypt)
965,000 SOL transferred from Binance to a new wallet
According to Whale Alert, at 04:11 Beijing Time, 965,000 SOL (approximately $95.44 million) were transferred from Binance to an unknown new wallet.
某神秘巨鲸 5 天内抛售 102 万枚 SOL，价值约 1.043 亿美元
据链上分析平台 Lookonchain（@lookonchain）监测，一名神秘巨鲸在过去 5 天内累计抛售 102 万枚 SOL，价值约 1.043 亿美元。
Short-term trade price drops about 99%: Solana ecosystem Meme coin free mika's genesis address transfers half the supply and sells
Solana ecosystem Meme coin free mika (MIKA) fell on October 28. Its genesis address transferred approximately 500.44 million tokens to another wallet, accounting for about half of the initial supply; about 7 seconds later, that wallet sold approximately 500.83 million MIKA on PumpSwap, and after the sale, the short-term trade price was about 99% lower than before. Some claim that the wallet nonce prevented the key holder from transferring funds, but the transfer used a normal recent blockhash, and it is currently still impossible to confirm whether the sale came from an external attack or an existing holder.
SOL perpetual contract trading share drops to 6%, Solana seeks transformation to shed Meme coin dependence and compete for Wall Street market
A Galaxy Research report shows that Meme coins' share of Solana trading volume has fallen from over 50% at the end of 2024 to 15%–20% in Q2 2026. In addition, SOL has declined nearly 20% year-to-date, and U.S.-listed spot and staked SOL ETFs recorded outflows for two consecutive weeks this month, totaling approximately $50 million. Meanwhile, Solana's share of on-chain perpetual contract trading volume has dropped from 17% to 6%. The Solana Foundation has reportedly issued a statement saying that Solana's transformation is underway, attempting to shift from a growth model reliant on Meme coins and speculative trading toward more mainstream financial applications such as stablecoins and tokenized assets, in a bid to win adoption from Wall Street institutions.However, with the crypto market downturn and the rise of competitors such as Hyperliquid, Solana faces challenges in transforming its growth model. Market analysts point out that the key to Solana's future lies in whether it can attract stable assets, developers, and users, rather than relying solely on speculative trading to drive growth. (Bloomberg)
Opinion: Binance Hack May Affect Some Market Makers and Quantitative Firms; SOL and Altcoin Prices More Volatile as a Result
Odaily reports: Crypto KOL Seven research posted that "right now, the vast majority of market makers and quantitative firms in the crypto market keep the bulk of their capital and main margin accounts on Binance. Many institutions engage in cross-exchange arbitrage or hedging, and Binance's suspension of withdrawals could cause their funding chains to seize up on the spot—if market volatility continues to intensify, they would be unable to withdraw funds from Binance to top up margin elsewhere. To avoid liquidation, they would be forced to close positions on other exchanges and on-chain, forcibly pulling cash back. This is also why, even though the assets stolen were Ethereum-ecosystem assets, Solana and a bunch of altcoins ended up crashing along with it today."
Wallet Linked to Binance Hackers Holds About 253,000 ETH, Worth Approximately $570 Million
Odaily report: A wallet suspected to be associated with the Binance hack incident received tens of thousands of ETH through a Uniswap contract and borrowed 19,762 ETH on Aave using approximately $60 million in USDT as collateral. On-chain records do not show any vulnerabilities in Uniswap or Aave.As of 22:07 UTC, the two wallets held approximately 253,000 ETH, worth about $570 million, with no outgoing transfers recorded. Aave has paused the Ethereum mainnet V3 market, and Kamino has also paused borrowing in the SOL/BTC market; Ripple has frozen approximately $200 million in RLUSD, and more than $2 billion in USDT and USDC has been frozen by stablecoin issuers. (Decrypt)
Ripple freezes around $200 million in RLUSD, hackers switch to DEXs
According to Decrypt, Binance co-CEO He Yi stated that Ripple has frozen approximately $200 million in RLUSD; suspected hackers are converting freezeable stablecoins into ETH via Uniswap and Aave, while Kamino has suspended SOL/BTC market lending.
Short-term trade price drops about 99%: Solana ecosystem Meme coin free mika's genesis address transfers half the supply and sells
Solana ecosystem Meme coin free mika (MIKA) fell on October 28. Its genesis address transferred approximately 500.44 million tokens to another wallet, accounting for about half of the initial supply; about 7 seconds later, that wallet sold approximately 500.83 million MIKA on PumpSwap, and after the sale, the short-term trade price was about 99% lower than before. Some claim that the wallet nonce prevented the key holder from transferring funds, but the transfer used a normal recent blockhash, and it is currently still impossible to confirm whether the sale came from an external attack or an existing holder.
Nearly $1 million stolen, Bloom drainer uses 2,152 addresses to move funds
Odaily reports: According to on-chain detective Specter, the Bloom drainer stole nearly $1 million and moved the funds in a manner consistent with handling eight-figure amounts. The transaction patterns suggest the operation may have been automated, including repeated splitting, consolidation, and cross-chain transfers through thousands of addresses. The attacker used 2,152 unique routing and destination addresses, of which 1,326 were Solana addresses, 822 were EVM addresses, and 5 were Zcash addresses. The attacker also bridged to Zcash, with 26.099 ZEC entering the Sapling shielded pool.
Solflare Validator Node Provider Security Incident, SOL Staking Rewards Suspended
Solflare stated that a security incident involving its SOL staking service provider has impacted the Solflare validator node keys held by that provider, and an investigation is currently underway. As a result, Solflare validator nodes are temporarily unable to generate staking rewards. Solflare emphasized that user-delegated SOL is stored in staking accounts controlled by users' own keys, and user funds remain unaffected.
Wallet Linked to Binance Hackers Holds About 253,000 ETH, Worth Approximately $570 Million
Odaily report: A wallet suspected to be associated with the Binance hack incident received tens of thousands of ETH through a Uniswap contract and borrowed 19,762 ETH on Aave using approximately $60 million in USDT as collateral. On-chain records do not show any vulnerabilities in Uniswap or Aave.As of 22:07 UTC, the two wallets held approximately 253,000 ETH, worth about $570 million, with no outgoing transfers recorded. Aave has paused the Ethereum mainnet V3 market, and Kamino has also paused borrowing in the SOL/BTC market; Ripple has frozen approximately $200 million in RLUSD, and more than $2 billion in USDT and USDC has been frozen by stablecoin issuers. (Decrypt)
Ondo Finance Deploys 7 Smart Portfolios to Solana, 3 Backed by BlackRock
According to an official announcement from Ondo Finance, Ondo Intelligent Portfolios has launched on Solana, introducing seven on-chain portfolios spanning yield, growth, and thematic investing, three of which are backed by BlackRock. Each portfolio is offered as a single transferable on-chain token, enabling transparent holdings visibility and algorithmic rebalancing. Initial partner wallets and applications include Titan, 1inch, LI.FI, and Jumper, among others.
Ondo Intelligent Portfolios Launches on Solana, Featuring 7 Portfolio Configurations
Solana announced on X that Ondo Intelligent Portfolios has launched on Solana, offering a total of 7 portfolio configurations covering yield, growth, and thematic exposure, 3 of which are backed by BlackRock. Each portfolio corresponds to a single transferable token.
Solana Launches Polygon Open Money Stack
Solana posted on X that Solana has now integrated @0xPolygon's Open Money Stack. This integration connects banking rails, wallets, and swaps to Solana, enabling enterprises to onboard through a single integration.
Polygon Open Money Stack Adds Solana Support, Connecting the Full Fiat-to-Stablecoin Payment Workflow
According to an official announcement from Polygon, Polygon Open Money Stack (OMS) now supports Solana. Through this service, enterprises can make deposits via bank transfers, cards, cash, or cryptocurrency, convert fiat into crypto assets on Solana, and manage funds using custodial or embedded wallets.
Kraken Launches Kraken Wallet Browser Extension, Supporting Multi-Chain Wallets, Cross-Chain Swaps, and Bridging
Washington Sanchez, Head of Product at Kraken Wallet, stated that the self-custodial Kraken Wallet browser extension is now live, supporting multiple networks including Bitcoin, Ethereum, Solana, Ink, Base, and Robinhood Chain. Users can create or import wallets using a mnemonic phrase or private key, use view-only wallets, or log in via email, Google, Apple, or passkeys. The extension also supports single-chain and cross-chain swaps, as well as cross-chain bridging, with related fees set at 10 basis points.
Related news
A newly created wallet withdrew 68,773 SOL from a CEX, worth approximately $6.65 million
According to Lookonchain monitoring, a newly created wallet withdrew 68,773 SOL from Kraken, Bybit, and OKX, worth approximately $6.65 million.
Data: Binance customer assets total approximately $129.4 billion; previous snapshot reserve assets were all greater than or equal to 100%, with total scale of approximately $135.8 billion
Odaily reports: According to the real-time "Customer Assets" display on Binance's official homepage, Binance customer assets total approximately $129.404 billion.Additionally, according to information on Binance's official Proof of Reserves page (https://www.binance.com/zh-CN/proof-of-reserves), as of October 1, 2026, the reserve ratios for major assets are all no less than 100%. Among them:BTC reserve ratio is 100.35%, with net account balance of 688,572.68 BTC and on-chain wallet balance of 691,003.593 BTC;ETH reserve ratio is 100.00%, with net account balance of 3,799,136.43 ETH and on-chain wallet balance of 3,799,139.752 ETH;USDT reserve ratio is 103.88%, with net account balance of approximately 32.028 billion and on-chain wallet balance of approximately 33.271 billion;USDC reserve ratio is 108.26%, with net account balance of approximately 7.178 billion and on-chain wallet balance of approximately 7.771 billion.The reserve ratios for BNB, SOL, and XRP are 100.47%, 100.00%, and 100.77%, respectively.Calculated at current prices, the total net balance is approximately $133.6 billion; the total on-chain wallet balance is approximately $135.8 billion.Binance also clarifies: Proof of Reserves covers custodied user assets, and the excess portion does not represent the company's total own assets; the "Customer Assets" on the official homepage is a separate display metric and is not the same summary table as the reserve proof snapshot disclosed by currency.
Opinion: Binance Hack May Affect Some Market Makers and Quantitative Firms; SOL and Altcoin Prices More Volatile as a Result
Odaily reports: Crypto KOL Seven research posted that "right now, the vast majority of market makers and quantitative firms in the crypto market keep the bulk of their capital and main margin accounts on Binance. Many institutions engage in cross-exchange arbitrage or hedging, and Binance's suspension of withdrawals could cause their funding chains to seize up on the spot—if market volatility continues to intensify, they would be unable to withdraw funds from Binance to top up margin elsewhere. To avoid liquidation, they would be forced to close positions on other exchanges and on-chain, forcibly pulling cash back. This is also why, even though the assets stolen were Ethereum-ecosystem assets, Solana and a bunch of altcoins ended up crashing along with it today."
Wallet Linked to Binance Hackers Holds About 253,000 ETH, Worth Approximately $570 Million
Odaily report: A wallet suspected to be associated with the Binance hack incident received tens of thousands of ETH through a Uniswap contract and borrowed 19,762 ETH on Aave using approximately $60 million in USDT as collateral. On-chain records do not show any vulnerabilities in Uniswap or Aave.As of 22:07 UTC, the two wallets held approximately 253,000 ETH, worth about $570 million, with no outgoing transfers recorded. Aave has paused the Ethereum mainnet V3 market, and Kamino has also paused borrowing in the SOL/BTC market; Ripple has frozen approximately $200 million in RLUSD, and more than $2 billion in USDT and USDC has been frozen by stablecoin issuers. (Decrypt)
Ripple freezes around $200 million in RLUSD, hackers switch to DEXs
According to Decrypt, Binance co-CEO He Yi stated that Ripple has frozen approximately $200 million in RLUSD; suspected hackers are converting freezeable stablecoins into ETH via Uniswap and Aave, while Kamino has suspended SOL/BTC market lending.
965,000 SOL transferred from Binance to a new wallet
According to Whale Alert, at 04:11 Beijing Time, 965,000 SOL (approximately $95.44 million) were transferred from Binance to an unknown new wallet.