XRP Futures Yield Gap Hits 14%
@BitwiseInvestments reveals a 14.57% annualized yield in an institutional XRP carry trade, utilizing 10.78M XRP against short positions in Coinbase futures, highlighting demand for $XRP. #Update #Crypto $XRP
Altcoins
Covers news and developments related to various alternative cryptocurrencies (altcoins) excluding Bitcoin
Solana Upgrade Bug Freezes Network and Disables Fees
@Solana’s v1 transaction format increases payload capacity by 3.3x, but unprepared RPC clients may face failures; mainnet activation pending as of Sept. 4. #Update #Crypto $SOL
Ripple Leaks Reveal Uber Airbnb Instant Payouts
Confidential Ripple documents reveal plans for instant worker payouts, highlighting demand from platforms like @Uber and @Airbnb for low-value cross-border payments. Ripple claims its system is well-suited to meet these needs. #Update #Crypto $XRP
XRP Trades Surge Despite Fewer Active Accounts
Daily order-book traders on the XRP Ledger fell 40% year-over-year, while trading volume increased by 79%, with total value surpassing $4 billion. #Update #Crypto $XRP
XRP Branding Launches in $5M Deal
Ripple’s XRP branding will feature at Florida Field from 2026, generating $5M annually and supporting finance education. #Update #Crypto $XRP
SEC Approves Bitcoin Ether XRP Solana Commodities
The SEC approved Nasdaq’s rule change designating $BTC, $ETH, $SOL, and $XRP as digital commodities, enhancing fund managers’ flexibility in crypto investments. #Update #Crypto $BTC $ETH $SOL $XRP
Robinhood Traders Boost Meme Coin Stocks
A meme coin, BONER, dominated 53% of tokenized Hims & Hers Health shares on Robinhood Chain, spiking prices temporarily. Trading volume reached $217M on September 2. #Update #Crypto
Avalanche Launches South Korea’s On-Chain Market
South Korea’s Financial Services Commission and Korea Securities Depository unveil a roadmap for tokenizing stocks, bonds, and funds by Feb. 4, 2027, supported by @Avalanche infrastructure. #Update #Crypto $AVAX
XRP Ledger Upgrade 3.3.0 Activates on Mainnet
Ripple has approved amendments for the XRP Ledger 3.3.0 upgrade, with mainnet activation expected on September 11. $XRP price surged over 8% in 24 hours to around $1.45. #Crypto $XRP
Solana’s Fee Vote Exposes Yakovenko’s Control
The Aug. 28 Solana fee vote SGP-0003 failed despite 53.90% support, highlighting founder Anatoly Yakovenko’s influence over governance as abstentions impacted the outcome. #Update #Crypto $SOL
Memecoin Surges 2000% After Robinhood Scandal
@AMCTheatres CEO Adam Aron criticized Robinhood for launching unregistered stock tokens linked to AMC and others, while a memecoin, MEME, surged 206,400% in valuation. #Update #Crypto $MEME
Ripple CEO Garlinghouse Pushes CLARITY Act Vote
Ripple CEO Brad Garlinghouse emphasizes the importance of the CLARITY Act for establishing the U.S. as a crypto capital, urging Congress to act before midterm recesses threaten its passage. #Update #Crypto $XRP
Kalshi Launches BNB ADA WLD AAVE Venice Perps
@Kalshi expands perpetual futures offerings with $BNB, $ADA, $AAVE, $WLD, and $VVV now live for trading; CFTC-approved contracts leverage varies. #Update #Crypto $BNB
Ethereum: Tokenized Gold Boosts SOL Staking
Flowra and KorDA signed an MOU to use KGLD gold-backed tokens as collateral for $SOL staking, targeting the $6B tokenized gold market. #Update #Crypto $SOL