Solana validators have approved a proposal to double the network’s annual disinflation rate, reducing future SOL issuance.According to finalized voting results, the proposal received 67% support, with 25.16% voting against and 7.84% abstaining. Overall participation reached 60.7% of eligible stake.The proposal, known as SGP-0002 or Double Disinflation, increases Solana’s annual disinflation rate from 15% to 30%, while leaving the network’s long-term inflation target of 1.5% unchanged.Under the new schedule, Solana is expected to reach its 1.5% terminal inflation rate in about 2.8 years, compared with roughly 5.7 years under the previous schedule, Solana Compass reported. The change would result in an estimated 18.9 million fewer SOL being issued over the next six years, reducing dilution for SOL holders but also lowering staking rewards for validators and delegators.SGP-0002 passed with 67% support and 60.7% participation. Source: Solana GovernanceThe vote was part of Solana’s first binding governance process, which also approved a proposed Solana Constitution while rejecting a separate proposal on resource and inclusion fees.Some of the largest participants were divided over SGP-0002. Figment, the largest voter shown in finalized governance data with 17.1 million SOL staked, voted entirely against the measure, while Helius and Jupiter overwhelmingly backed it.Kraken was among those whose position shifted during the vote. The US-based crypto exchange initially voted against SGP-0002 at 12:33 UTC, temporarily pushing support below the required threshold. By the end of voting, more than 90% of its roughly 8.9 million SOL voting stake backed the proposal.Top voters were split on SGP-0002. Source: Solana GovernanceRelated: Solana transactions hit record 4.2B as SOL rallies 40%Solana ETF assets cross $1 billionThe governance vote comes as US-listed Solana investment products continue to attract investor capital despite SOL’s weaker performance earlier this year.Bitwise’s Solana ETF recently surpassed $1 billion in assets, becoming the first Solana ETF to reach the milestone, according to an X post from Bloomberg ETF analyst Eric Balchunas on Friday.US Solana ETFs have attracted roughly $1.7 billion in cumulative net inflows, with little sustained outflow since their launch, Balchunas said Friday.Source: Eric BalchunasMagazine: Hugging Face hack exposes the open-weight AI cybersecurity paradox

Circle, the issuer behind the USDC stablecoin, will be the latest sponsor for the Chelsea Football Club just months after the UK’s financial watchdog warned about “questionable sponsorship deals with unauthorized financial firms,” including crypto companies.In a Friday announcement, Circle said its name and USDC would appear on jerseys for Chelsea FC players in the 2026/2027 season. The partnership deal between the football club and the digital asset company came about three months after the UK’s Financial Conduct Authority (FCA) said it had sent warning letters to clubs in the Premier League, potentially including Chelsea. The letters concerned “unauthorized” companies, including crypto businesses, using sponsorship deals to target football fans, potentially breaching UK financial services laws.“Millions of football fans trust their club’s badge,” said Lucy Castledine, the FCA’s director of consumer investments. “Clubs should not let unauthorised financial firms exploit that loyalty by putting potentially dodgy products in front of millions of fans.”Circle UK Trading Limited, the company’s UK arm, has been listed as a company authorized under the FCA to provide certain financial services to residents since 2018. Stablecoins like USDC are also legal to use in the country, though lawmakers are working to establish a comprehensive regulatory framework for the digital assets. Notably, although Circle said that USDC was “issued by certain regulated affiliates,” the stablecoin was “not issued or regulated under the laws of the United Kingdom.” Cointelegraph reached out to Circle and the FCA for comment but did not receive an immediate response.Related: UK government reports 240 crypto millionaires in 2025Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.

Institutional crypto exchange operator Bullish has provided USD.AI with a $100 million stablecoin-based debt facility to finance loans secured by GPU infrastructure, the companies announced Friday.USD.AI will use the facility to lend to AI infrastructure operators, with the loans secured by the underlying GPU hardware rather than the borrowers’ broader corporate assets.USD.AI is an onchain financing platform developed by Permian Labs that provides financing backed by AI computing hardware, connecting stablecoin liquidity with demand for GPU infrastructure financing.Bullish said it plans to list USD.AI’s sUSDai across multiple trading pairs and support the token with a dedicated market-making program, which it expects to improve secondary liquidity and price discovery for GPU-backed debt.The facility adds to USD.AI’s growing GPU financing business. In June, it announced a $98.1 million loan backed by 2,304 Nvidia B300 GPUs, while a $34 million loan backed by 768 Nvidia B200 GPUs was fully funded. The deal also builds on Bullish Capital’s $4 million investment in USD.AI in September 2025.Magazine: Bullish shares jump 10% as Q2 adjusted EBITDA more than triplesBullish shares gain 48% over past monthBullish went public on the New York Stock Exchange in August 2025, raising about $1.03 billion after pricing its initial public offering at $37 per share. The stock opened at $90 on its first day of trading. The company’s shares remain down more than 60% from their public debut, according to Yahoo Finance data. However, the stock has recently rebounded, gaining about 45% over the past month to trade around $33 on Friday.Bullish’s recent rally comes as other crypto-related stocks have gained alongside a recovery in digital asset markets. Over the past month, Bitcoin treasury company Strive has gained about 88%, Bitcoin miner Canaan around 55% and stablecoin issuer Circle nearly 40%.Strive stock price over the past month. Source: Yahoo FinanceMagazine: Who is legally liable when an AI agent goes rogue?Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.