Solana News Today: Three Updates From October 28 and 29 Solana News on October 29, 2026, centers on custody, staking security, and institutional access. Google, Solflare, Jupiter, and BitGo e
Solana News on October 29, 2026, centers on custody, staking security, and institutional access. Google, Solflare, Jupiter, and BitGo each shared an update within about a day.
This report covers each item using the official posts. It also includes a short market snapshot for SOL.
On October 28, the official network account said Alphabet is securing its own digital assets on the chain. Google unveiled Google Multi-Party Compute, an institutional custody system. It is now in private preview with major financial institutions.
Commercial launch is planned for early 2027. That detail matters for Solana News readers tracking institutional adoption.
Multi-party compute, or MPC, splits a private key into separate shares. Several parties must approve each transaction, so no single holder controls the full key. Google Cloud describes this model in its public documentation.
A single private key is a single point of failure. MPC replaces it with distributed key shares, which spreads the risk across several parties.
Source: Official X Post
Solflare said on October 28 that its staking provider reported a security incident. The issue affected keys the provider holds for the Solflare validator. Rewards stopped while the provider investigates.
The wallet team stated that no user funds were touched. Delegated stake sits in each user’s own stake account, controlled by that user’s keys. The protocol does not let a validator, or anyone holding its keys, move that stake.
A later post said the new validator is live. Users can unstake from the legacy validator and restake, or wait for an app update. The team plans to cover missed rewards and will share the exact period soon. It also warned that it will never DM users or send a link.
Source: Solflare X Post
Jupiter and BitGo announced a validator built for institutions on October 28. BitGo clients can stake SOL with Jupiter directly from existing custody accounts, without moving assets elsewhere.
According to BitGo, rewards vary with network conditions and operator performance. Jupiter runs the node on its own, so BitGo does not control its results. This is the third Solana News item that ties custody to staking.
Source: X Post
CoinMarketCap data shows SOL ranked seventh by market capitalization. Trading volume rose while the price slipped, which points to active trading during a mild pullback.
Metric
Value
Price
$100.29
24-hour change
down 1.46%
Market cap
$59.17B
24-hour volume
$2.88B, up 50.14%
Fully diluted valuation
$63.83B
Circulating supply
589.98M SOL
Total supply
636.63M SOL
Fully diluted valuation means the value if every token were in circulation. About 93% of total supply is already circulating, so the gap between market cap and that figure is small.
Source: CoinMarketCap Chart
Note: Prices can change quickly, so figures may not reflect the latest value. Readers should check a live price tracker for current data.
The updates are separate, but they share a theme. Each one deals with who controls keys and where assets sit.
Google’s MPC system targets institutions that want shared control of private keys.
The wallet incident shows that staking providers carry their own security risk.
The Jupiter and BitGo product lets custody clients stake without moving assets.
None of these posts states any effect on price or demand, so this Solana News report draws no such link.
Alphabet’s custody plan, Solflare’s migration, and the new institutional staking route all arrived within a day. Each is an early step with details still to come.
This Solana News roundup will stay limited to confirmed facts, so readers should follow official channels for timelines and rules.
YMYL Disclaimer: This article is for educational and informational purposes only. It is not financial advice, a price prediction, or a guarantee of returns. Readers should do their own research before making any decision.
