Solana Foundation

Solana’s Alpenglow upgrade is now active across both public testing environments, giving application teams more room to prepare before any live-network activation. The change targets about 150 milliseconds for settlement finality, but no mainnet launch date has been announced and the performance goal remains unproven under live-market conditions.

The Solana Foundation has named former Binance executive Rachel Conlan as chief strategy officer and Polygon Labs veteran Jamal Raees as general manager of payments. The appointments underscore Solana’s push to attract institutions building with stablecoins, payments, tokenized funds and other real-world assets.

Solana validators are signaling support for linked governance proposals that would reshape SOL supply dynamics by increasing transaction fee burns and reducing future issuance. The package still needs roughly 40 million more SOL in validator support before it can advance to a vote by Aug. 18.

Solana Foundation CISO Michael Coates says crypto’s next major security challenge is shifting from code exploits toward AI-powered social engineering, fake identities and compromised credentials. The foundation is also evaluating post-quantum cryptography as blockchain networks prepare for longer-term risks from quantum computing.

Japan’s SBI Group has acquired a majority stake in Singapore based crypto platform Coinhako, advancing a broader plan to link digital asset markets across Asia. The move sits alongside partnerships with Ondo Finance and the Solana Foundation as SBI expands into tokenization, stablecoins and blockchain settlement infrastructure.

BONK DAO was drained of about $20 million in BONK tokens after an attacker bought enough voting power to push through a malicious onchain proposal. The incident has renewed scrutiny of token-based governance models that allow low-turnout votes to automatically move treasury funds.