Latest Crypto News & Market Updates

Crypto ETFs appeared to hit $10B in hours, but filing data exposes where that money really came from

US spot Ethereum ETFs appeared to begin trading with $10.36 billion already inside them, an opening balance large enough to resemble an institutional buying wave before the first full session ended.　　Related Asset Ethereum #2 ETH · $2,437.05 24-hour change: down 2.48% 24H Down 2.48% 7D Down 0.32% 30D Up 28.05%　　However, almost all of that amount came from ETH that Grayscales older trusts already held, so the launch moved an existing pool into exchange-traded products, while a much smaller share came from the other issuers seed positions.　　The same accounting issue appears in Solana funds, but on a smaller scale, with Farside Investors listing $449.3 million on the products seed row and assigning $102.7 million to the conversion of Grayscales earlier Solana trust.　　Related Company Grayscale A trusted authority on digital currency investing　　Counting all of that money as “ETF demand” compresses inherited assets, launch financing, and later creations into one number, even though each describes a different transaction.　　Four numbers drive most crypto ETF totals: seed capital, legacy assets carried through a conversion, primary-market creations and redemptions, and assets under management.　　Related Asset Solana SOL · $103.73 24-hour change: down 3.41%　　Theyre often grouped together, even though they describe different transactions, and only some increase the

08-29Industry

Cardone Capital adds 1,200 BTC using rental income

Cardone Capital has added about 1,200 BTC and 2,000 multifamily units to its real estate-backed Bitcoin strategy, increasing both assets held across its private investment vehicles.　　SummaryCardone Capital has added about 1,200 BTC and roughly 2,000 multifamily units.Rental income from selected properties funds recurring Bitcoin purchases through a dollar-cost averaging plan.Grant Cardone plans to accumulate 10,000 BTC across 10 specialized investment funds.The private funds carry Bitcoin volatility, property-market risks, and limits on investor withdrawals.　　Grant Cardone said in an X post on Aug. 28 that his $5.3 billion real estate investment firm was “doubling down” on its multifamily and Bitcoin model by adding about 2,000 apartments and 1,200 BTC.　　While Institutions pivot to data centers Cardone Capital double downs on Multi-Family/BTC model, adding ~2000 units and 1200 BTC. pic.twitter.com/MIURtpMIST　　— Grant Cardone (@GrantCardone) August 28, 2026　　Cardone did not provide the purchase price, execution dates, or a breakdown showing which funds received the Bitcoin. He also did not identify the newly added properties or disclose whether all 2,000 units came from one transaction.　　The firms model places income-producing apartment buildings and Bitcoin inside private investment vehicles. Rather than relying mainly on new stock or debt sales, Cardone Capital directs part of the rental cash generated by

08-29Industry

What Would XRP Be Worth at a $500 Billion Market Cap？ The Answer May Surprise You

Is XRP heading for a market cap nearly 2x higher than ETHs current one？　　Ripples native token is among the most popular cryptocurrencies, often being the object of massive price predictions. Impressive rallies like the one that took place in the past 10 days or so only fuel such forecasts.　　Popular analyst EGRAG CRYPTO approached the question from a different direction. Instead of starting with an XRP price target directly, he calculated what the asset could actually be worth if its market cap eventually tapped $500 billion.　　The Math　　Before we get into the analyst‘s math, let’s look at the final answer: $7 per XRP. Thats if we assume that Ripple continues distributing tokens from escrow at its recent pace. The current number of tokens in circulation stands at 62.74 billion, according to data from CoinMarketCap. With that supply unchanged, a $500 billion market cap would translate into a price of almost $8 per XRP.　　However, the assets supply does not remain still. Nor does it shrink over time. EGRAG estimated that Ripple has been distributing a net average of approximately 268 million tokens per month. If that pace continues through 2029, about 9.1 billion additional XRP would enter circulation, increasing the total to 71.9

08-29Industry

Kraken and Galaxy flipped late as Solana approved a major supply cut

The proposal to double Solanas annual disinflation rate has been marked Accepted after closing with 176.29 million SOL For, 66.19 million SOL Against and 20.63 million SOL Abstain, according to Validator Info.　　Related Asset Solana #7 SOL · $104.00 24-hour change: down 2.98% 24H Down 2.98% 7D Up 7.32% 30D Up 40.96%　　The result gives Solana validators and stakers a directional mandate to accelerate the network‘s path toward lower issuance. However, it does not immediately change SOL’s monetary schedule. The next phase still depends on implementation through SIMD-0550, client coordination, feature gating and eventual activation.　　That distinction now defines the story. Solanas first major governance cycle has moved past the question of whether SGP-0002 crossed the line and into a more important question: whether a narrow, high-stakes vote can become a clean consensus change.　　The vote passed, but the margin depends on the denominator　　The final public tally still produces two different-looking margins from the same balances.　　Validator Info shows 176.29 million SOL For, equal to about 67.0% of the 263.12 million SOL in displayed turnout. That headline figure explains why the vote looked like a last-minute cliffhanger.　　Solanas governance-proposal policy excludes Abstain from the approval denominator. Under that rule, For is measured only against For plus

08-29Industry

Bitcoin Moves Closer to Gold as US Debt Revives Debasement Trade

Bitcoin is behaving less like a technology stock and more like gold as its correlations shift sharply, according to Grayscale. Rising U.S. debt and renewed fiscal concerns are also bringing the debasement trade back into focus.　　Key TakeawaysBitcoins 90-day correlation with gold has climbed above 50%.Its Nasdaq 100 correlation has fallen from above 60% to about 33%.U.S. debt above $40 trillion is strengthening the debasement narrative.　　Bitcoins Correlation Shifts From Nasdaq Toward Gold　　Bitcoin‘s relationship with traditional assets is changing as investors increasingly treat the cryptocurrency as a scarce monetary asset rather than another high-beta technology investment, according to Grayscale. The asset manager said Aug. 27 that bitcoin’s correlation profile has undergone a notable regime shift, potentially reviving its role as a portfolio diversifier.　　Bitcoins 90-day correlation with the Nasdaq 100 has fallen from more than 60% to roughly 33%, Grayscale said, citing Bloomberg data through Aug. 24. Over the same period, its correlation with gold has climbed from barely above zero at the start of 2026 to more than 50%.　　The reversal contrasts with recent years, when bitcoin frequently traded in step with growth stocks. Grayscale argued that the latest divergence may indicate renewed attention to bitcoins scarcity, monetary independence, and potential store-of-value characteristics.　　Recent

08-29Industry

Solana's disinflation vote passes by 0.33 points after Kraken reversal

Solana validators narrowly approved a proposal to double the networks annual disinflation rate.　　It cleared the two-thirds supermajority by just 0.33 percentage points after Kraken flipped most of its stake from no to yes in the last hours.　　Issuance reaches its 1.5% floor in 2.8 years　　SGP-0002, Double Disinflation, passed with 67% support against 25.16% opposition and 7.84% abstentions, on a turnout of 60.7% of eligible stake. Support was just above the 66.67% bar that the measure needed to pass.　　The finalized SGP-0002 tally on Solanas validator governance dashboard, captured August 29, 2026. Source: Solana Governance.　　Both supply proposals were turned down by Kraken at 12:33 UTC on August 28. This put SGP-0002 below the supermajority with just less than three hours to go until the count stopped at 15:00 UTC for epoch 1024.　　Earlier that morning, support stood at 68.77%, with about 47.72% of eligible stake having voted. Krakens no vote knocked support down to about 65%.　　Then Kraken moved again. By the close, the proposal had the support of over 90% of the US exchanges ~8.9 million SOL of voting stake.　　The plan, tied to SIMD-0550, would double the yearly disinflation rate on Solana from 15% to 30% but keep the networks long-term inflation target at

08-29Industry

GLM-5.3 Flash Cuts Costs by 17x with Minimal Quality Drop

GLM-5.3 Flash trims costs by 17x versus GLM-5.3 while retaining 94% task coverage, making it a cost-effective choice for coding workloads.　　GLM-5.3 Flash, the cost-optimized sibling of Z.ais flagship GLM-5.3 model, reduces rollout expenses by 17x while preserving 94% of task coverage, according to a 900-rollout analysis on DeepSWE, a benchmark for software engineering tasks. The comparison highlights how distillation trades minor consistency for significant cost savings, making GLM-5.3 Flash a compelling alternative for cost-sensitive coding workloads.　　At $0.24 per rollout, GLM-5.3 Flash delivered 264 solves per $100 in the DeepSWE tests, far outpacing the 17 solves achieved by GLM-5.3 at $3.99 per rollout. While the full model holds a 5.6-point lead in pass@1 accuracy (69.0% vs. 63.4%), this gap narrows to just 2.6 points at pass@4 (87.6% vs. 85.0%). Importantly, none of the 48 tasks that GLM-5.3 solved perfectly (4 out of 4 attempts) became unsolvable for the Flash model, underscoring that the performance loss is primarily in reliability, not capability.　　Distillation reshaped GLM-5.3 Flashs performance profile rather than scaling it down uniformly. It improved results in specific domains, such as concurrency (+8 points), Python (+5), and data modeling (+4), while ceding ground in JavaScript-heavy and reasoning-intensive tasks. The reduced reliability manifests

08-29Industry

Xanadu takes C$195 million from Ottawa and still sends its chip packaging abroad

Xanadu on Friday received a C$195 million repayable loan from Canadas federal government to build a photonics manufacturing facility in Toronto.　　The quantum computing company still outsources most of the chip packaging and assembly to contractors in other countries.　　Inception fills a 158,000-square-foot Campbells Soup factory in Etobicoke　　Xanadu signed a definitive agreement for the funding, which is a repayable contribution through Innovation, Science and Economic Development Canadas Strategic Response Fund, the successor to the Strategic Innovation Fund.　　The loan is for the establishment and operation of the facility over the next five years, and the company will have to make a significant co-investment of its own.　　The C$195 million is about half of the up to C$390 million Xanadu has been seeking from both Ottawa and the Ontario government.　　The request is part of Project OPTIMISM, expected to cost C$893 million in total and create up to 275 highly skilled jobs.　　According to a press release from Xanadu, the federal commitment is the largest government investment in quantum manufacturing in Canadian history. CEO Christian Weedbrook said he hopes Ontario money will follow, but he had no firm update on those talks.　　The plant has a name, Inception, borrowed from the Christopher Nolan film, and an unusual address.　　It

08-29Industry

XRP Price Prediction 2026: XRP Rips 50% From $1 As Dogecoin Shows Why Pepeto Could Deliver The Biggest Returns This Cycle

The XRP price prediction opens at $1.38, with $1.35 holding as support and sellers waiting at $1.70, then $2.00.Here is the honest part before any chart: even the best XRP outcome will not change your life. Nobody got rich in this market doubling money on a top-ten coin.　　They got rich buying a meme coin nobody respected yet, and that trade is open again right now. That name is Pepeto, still in its exclusive early round, and every wallet taking that entry before Binance lists is buying in at a level that never comes back.　　XRP Breaks $1.38 After a 50% Weekly Rally as Sell Walls Define the Ceiling　　XRP ripped 50% in seven days, climbing from below $1.00 to $1.48 while XRP ETFs posted their best inflow day of the year on Friday, according to CryptoPotato. That followed CryptoQuants Bull Score jumping from 30 to 80, unseen since BTC held above $120,000. The buying is real.　　And still, none of it changes the math. Clearing the walls overhead takes institutional size the stalled CLARITY Act has kept sidelined, which is the problem with every big coin: the higher it climbs, the more each next step costs.　　XRP Price Prediction Meets the 300x Presale That

08-29Industry

Honda and Nissan vehicles to have one OS and onboard computer

Honda and Nissan are expected to agree as soon as Monday to develop one operating system and one onboard computer for their vehicles.The shared tech is for models due about 2029.　　Mibe and Espinosa split the engineering bill after a failed merger　　Honda CEO Toshihiro Mibe and Nissan CEO Ivan Espinosa walked away from a merger attempt.　　A common operating system and a shared onboard computer let them split the engineering bill for the software-defined vehicle. Features are in code, which updates over the air, not baked into fixed hardware.　　The target for fitting the joint system into new cars is 2029. Nissan is the weaker financially, and that makes sharing all the more sensible.　　The maker of the Leaf EV and the Infiniti luxury line posted a loss for the April to June period following a full year in the red. It has eliminated jobs and brought Espinosa as the new chief to spearhead a turnaround, according to Cryptopolitan.　　President Donald Trump‘s tariffs are squeezing Japan’s carmakers, and Nissan is feeling the pinch.　　Nissan road-tests Wayves Level 2 tech in Ariya EVs in Tokyo　　Nissan has begun public road trials in Tokyo with British startup Wayve.　　According to Cryptopolitan, Nissan Ariya electric models have had Wayves “eyes on,

08-29Industry

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