SOL surpasses $100, rising more than 5% in 24 hours.

The Solana community is advancing two governance proposals, SGP-0002 and SGP-0003, aimed at tightening SOL token supply via a dual mechanism of reducing new issuance and increasing token burns. SGP-0003 (with detailed mechanisms outlined in SIMD-0553) proposes introducing a resource consumption-based transaction fee model, charging fees based on network resources consumed by transactions. It is projected to lift daily SOL burns from the current ~650 tokens (≈$65,000) to 7,500–9,000 tokens (≈$750,000–$900,000). The other proposal, SGP-0002 (detailed in SIMD-0550), plans to double SOL’s annual inflation reduction rate, bringing the 1.5% minimum inflation target forward to 2029 (from the original 2032). It is expected to cut ~18.9 million SOL in new issuance over the next six years, worth ~$1.89 billion at current prices. Both proposals have entered the voting phase. SGP-0002 has a 16.71% voter turnout, with 16.24% in favor, 0.31% against, and 0.16% abstentions. SGP-0003 has a 13.53% turnout, 13.23% in favor, 0.27% against, and 0.03% abstentions. Both require a 1/3 participation rate to pass. If the proposals secure sufficient support, the Solana network will further optimize its token supply structure by combining reduced new issuance and higher transaction fee burns. Voting remains ongoing, with future progress dependent on voter participation and support levels.

Arthur Hayes said in an interview that he expects Bitcoin will soon experience a parabolic rally, with BTC’s price surging rapidly to hundreds of thousands of dollars. "Now is the time to hold BTC—buy the dip before it’s too late," he noted.

According to Yonhap News Agency, the union of SK Hynix has rejected the preliminary salary agreement struck with the company’s management. The preliminary deal was voted down by 50.08% of opposing votes. Prior to submitting the agreement to a membership ballot, the union leadership and management had already finalized the preliminary deal.

According to Bloomberg, Lambda is an AI cloud computing service provider backed by NVIDIA. Sources familiar with the matter revealed that the company is in talks for a funding round of up to $3 billion, which could pave the way for its IPO next year. As one of the "neocloud" firms offering chip and other AI infrastructure leasing services, Lambda has discussed a fundraising at a valuation of up to around $12 billion or higher. Since the relevant discussions remain unpublicized, the sources requested anonymity. The sources added that the funding negotiations are still ongoing and the deal terms have not been finalized.

Cosmos Labs said an ongoing security incident has affected users of the Cosmos EVM module. The lab’s security and engineering team has been actively addressing the incident. Cosmos Labs has advised Cosmos EVM chains it is in contact with to instruct their validators to suspend chain operations. A full incident report will be published once the situation is resolved.

According to Bitget market data, South Korea's KOSPI index plunged 4.00% intraday, Samsung Electronics fell 4%, and SK Hynix dropped 6%.