Solana (SOL) Overtakes XRP With $20 Million Upside on ETF Market

Solana has significantly outperformed XRP on the ETF market. Daily inflows of about $20 million, according to the most recent fund-flow data, certainly reflect the growing demand among institutional investors.  Two breakthrough, but different magnitude  As both assets attempt significant technical breakouts, the difference between them is certainly growing. In contrast to XRP, which only recorded $13.82 million in one-day net inflows, Solana products recorded roughly $33.49 million, according to the ETF data provided.  XRP/USDT Chart by TradingView  For the session, that puts SOL ahead by about $19.67 million. However, the longer-term data paint a more nuanced picture. Solana has about $1.22 billion in cumulative net inflows, whereas XRP ETFs have amassed about $1.57 billion.  Additionally, compared to Solanas $1.21 billion in ETF net assets, XRP has about $1.44 billion. Consequently, rather than winning the entire ETF race, Solana is winning the most recent round. Nevertheless, given SOLs price movement, current demand seems especially pertinent. Solana broke through its major moving averages and shot up from the mid-$70 range to about $100.  Most significantly, SOL is currently trying to establish itself above the psychologically significant $100 threshold after clearing the long-term average at $89.45. During the breakout, volume increased significantly, lending the move more legitimacy.  Is Solana

3 days agoIndustry

US Can Now Sanction Anyone Operating in Iran's Crypto Sector

In briefOFAC has issued a sectoral determination covering digital assets, letting it sanction any person worldwide who operates in that part of Irans economy.It is one of five determinations issued at once, and builds on earlier ones covering Irans financial and petroleum sectors.Among nearly 60 designations, one shadow fleet broker is accused of processing more than $100 million in crypto payments for the IRGCs Qods Force.  The U.S. Treasury has given itself the power to sanction anyone in the world operating in Irans digital asset sector, part of a campaign announced Monday that Secretary Scott Bessent has dubbed Economic D-Day.  The Office of Foreign Assets Control issued five sectoral determinations under Executive Order 13902, covering digital assets, technology, gold, aviation and shipping. The digital assets determination means OFAC can now designate any foreign person operating in or providing services to that sector, regardless of where they are based, a reach it previously held over Irans financial and petroleum industries.  Today, at President Trumps direction, the U.S. Department of the Treasury has begun Operation Economic Outcast: an unprecedented, whole-of-government, economic campaign against the Islamic Republic of Iran and its enablers. https://t.co/bvOAn6GPyP  — Treasury Department (@USTreasury) August 24, 2026  Treasury said the regime “increasingly turns to cryptocurrency

3 days agoIndustry

A $215 billion altcoin rally rests on Bitcoin holding its reclaimed market structure

The altcoin rally added $215 billion in market capitalization between Aug. 19 and Aug. 22, pushing the combined value of coins outside Bitcoin (TOTAL2) up more than 24% and back above $1 trillion, according to CryptoQuant analyst Darkfost.  Related Asset Bitcoin #1 BTC · $79,057.88 24-hour change: up 0.05% 24H Up 0.05% 7D Up 23.30% 30D Up 22.81%  Darkfost also found that 56% of Binance-listed altcoins have reclaimed their 200-day moving averages, a sharp reversal from the months when 80% to 85% traded below that line.  He calls the move an early-stage altseason signal, though three days of gains this large have already left the market short-term overbought.  Related Company CryptoQuant Provider of on-chain and market data analyticsIndicatorLatest readingWhat it saysWhy it mattersAltcoin market cap change+$215BCapital moved sharply into non-BTC assetsConfirms rotation pressureTOTAL2 move+24% in three daysAltcoin market rebounded fastAlso raises short-term overbought riskTOTAL2 levelAbove $1TMarket reclaimed a psychological thresholdSupports early-stage rotation framingBinance alts above 200-DMA56%Breadth improved materiallyRally is broader than a few large capsPrior breadth condition80%-85% below 200-DMAAlts were deeply washed out before the moveMakes the reversal more meaningful  Why the altcoin rally still looks like a rotation from Bitcoin  The Altcoin Season Index sat at 49 as of Aug. 23, well below the 75

3 days agoIndustry

Saylor argues Bitcoin can absorb Wall Street without changing

None of these layers necessitate staking, changes in the protocol, or any new currency imitating Bitcoin. Essentially, they work under known capital market schemes that have already been used for mortgages, municipal bonds, and preferred stocks.  “Bitcoin remains Bitcoin. The world builds on top.”  — Michael Saylor, Bitcoin, Digital Credit, and Digital Money, June 16, 2026  Its a distinction that is worth noting. A bond is different from the building it finances, just the same way as a preferred security is different from the underlying equity. Saylor uses the same principle to claim that a Bitcoin-backed income product can be less volatile than BTC since a “junior equity” layer would absorb more risk. According to Strategy, the common stock of the company (MSTR) is referred to as a “junior tranche”.  The plumbing shows up in the SEC filing  This goes beyond theory. Strategy informed on June 29, 2026, that its board had approved a “Digital Credit Capital Framework,” which was later explained in its SEC filing. This framework is made up of five components:ComponentWhat Strategy authorized or changedUSD Reserve policyMaintain a minimum reserve equal to at least 12 months of expected preferred-stock dividends and interest obligations.STRC dividend policyRevise the variable dividend policy for STRC, including

3 days agoIndustry

Former Banker Says the Real AI Trade Isn't Chips, It's Electricity: 4 Stocks to Watch

Analyst and former banker Felix Prehn published a thread on August 24 arguing that most retail investors missed the 500% to 1,000% gains already seen in Palantir, Intel, and Seagate.  He now points to four companies sitting at what he calls the true bottleneck of artificial intelligence: electricity.  This article is not financial advice. Stock prices are volatile, past performance does not guarantee future results, and readers should conduct their own research or consult a licensed advisor before making any investment decision.  Why Power Companies Became the New AI Trade  Prehns thesis centers on a structural shortage rather than a speculative narrative. Big Tech companies are signing long-term contracts to secure nuclear and other generation capacity, even as hundreds of billions of dollars pour into chips and data center construction.  If you missed Palantir at $20, Intel at $45 or Seagate at $95, youre not alone.  Each stock ran 500-1000% in the next 12 months, and most retail investors missed it.  I went hunting for the next stocks that could go on a similar run as these, and came across these 4:????  — Felix Prehn ???? (@felixprehn) August 24, 2026  Without reliable, clean power, he argues, spending cannot fully materialize into operating capacity. The four companies below sit directly

3 days agoIndustry

GBP/USD holds near highs: Focus turns to key events later this week

GBP/USD is holding at 1.3627 on Tuesday. In the final full week of August, the pair remains near its highest level since mid-February. Sterling is being supported by dollar weakness following the US Treasurys unexpected decision to at least double its purchases of long-term government bonds.  Investors are also awaiting details of new sanctions against Iran. The highlight of the week will be Fed Chair Kevin Warshs speech at Jackson Hole on Friday, which could shape expectations for the future trajectory of US interest rates.  In the UK, money markets continue to price in one Bank of England rate hike before year-end and a further 25-basis-point move by early 2027. July inflation accelerated to 2.9% – the highest since March – while core inflation came in above expectations at 2.6%.  Further support for the pound is coming from strong domestic data: PMIs point to a pick-up in business activity, while consumer confidence climbed to a two-year high in August. At the same time, high inflation remains the key risk, potentially fuelled by a protracted conflict with Iran and elevated energy prices.  Technical analysis  On the H4 GBP/USD chart, the market has nearly reached the local upside target at 1.3672 and is forming a narrow consolidation

3 days agoIndustry

Standard Chartered to Distribute Hong Kong Stablecoin

Standard Chartered Bank (Hong Kong), or SCBHK, has become the first bank authorized to distribute HKDAP, a regulated Hong Kong dollar-backed stablecoin issued by Anchorpoint Financial.  On Monday, the bank said it is engaging eligible institutional clients and partners on uses including tokenized fund settlements, treasury operations and cross-border payments during a phased rollout.  Standard Chartereds addition expands HKDAP distribution into conventional banking nearly two weeks after Anchorpoint began beta access through HashKey Group and OSL. SCBHK said it expects to introduce new commercial applications over the coming months.  The bank plans to introduce HKDAP-based subscriptions and settlements for tokenized money market funds with international and local asset managers in the fourth quarter. It also intends to use the stablecoin in intragroup settlements across its banking network in the near term.  “Since Anchorpoint received its stablecoin issuer licence, we have seen strong interest from clients exploring how HKDAP can support their business needs,” SCBHK CEO Mary Huen said in the announcement.  She added that SCBHKs distribution could support payments, settlement and treasury management while providing eligible clients with access through a regulated banking channel.  Related: Hong Kong warns of fake stablecoins impersonating HSBC and Anchorpoint  HKDAP expands distribution  Anchorpoint is a joint venture established by Standard Chartered‘s Hong

3 days agoIndustry

Bitcoin Crosses $80,000 As Treasury Policy Shift Revives ETF Demand

Bitcoin pushed back above $80,000 for the first time since May, a level that looked far away after the June flush carried the market toward $58,000. The 38% rebound from that low has been driven less by a single catalyst and more by a shift in U.S. Treasury policy that brought ETF buyers back into spot markets, according to the original report.  That dynamic is different from earlier rallies. For much of the cycle, bitcoins price was explained through halving supply math, ETF approval momentum, or speculative altcoin rotation. This move is tied to the rates complex. When U.S. Treasury conditions ease, the opportunity cost of holding a non-yielding asset drops. Traders who exited in June because the macro setup looked hostile are being forced to reconsider the same trade at higher prices.  The June flush was not a slow drift. It compressed positioning quickly and left many spot buyers underwater, which made the recovery harder to accept when Treasury signals turned. That is one reason the rally has felt under-owned even as price action improved. Under-owned rallies can extend further than they look, but they also produce sharp reversals when the macro catalyst pauses.  Treasury Policy Reaccelerates the Recovery  The Treasury shift matters

3 days agoIndustry

Monad proposes wallet upgrade for passkeys, recovery and quantum security

Monad has proposed a wallet security upgrade that would let users replace lost or outdated cryptographic keys while keeping the same blockchain address and assets.  According to Monad, the proposal would separate a Monad accounts permanent address from the authentication credentials used to authorize transactions, opening a path for key rotation, social recovery, passkeys and post-quantum security without forcing users to create another wallet.  A new MIP has been published: Flexible and Upgradeable Account Authentication  Accounts can change their keys without changing their address  This lets accounts upgrade to quantum-resistant schemeshttps://t.co/Ajhnr3zwST  — Monad (@monad) August 24, 2026  Under the current model used by most Ethereum-compatible wallets, an externally owned account is closely tied to its private key. Losing that key can permanently remove access to the assets held by the account, while adopting a different security method can require users to create another address and transfer their holdings.  Monad researchers Kushal Babel and Jan Camenisch have proposed changing that relationship so an address could continue to identify the same account even when its authentication credentials are replaced.  The authors described the design as a way to support “post-quantum accounts, social recovery” and user-friendly authentication methods such as passkeys at the protocol level.  Monad wallet upgrade separates addresses from keys  At

3 days agoIndustry

CLARITY Act Senate Cloture Motion Filed by Thune

Senate Majority Leader John Thune filed a cloture motion on the motion to proceed to H.R. 3633, the Digital Asset Market Clarity Act, earlier this month. The same record also shows Thune made the underlying motion to proceed, the procedural step that precedes any cloture vote.  This is not simply a scheduling notation. It is the mechanism by which the Senate decides whether the CLARITY Act even reaches the floor for debate, a threshold that has stalled prior crypto market-structure bills before they ever got a substantive vote.  Senator John Thune  More than two months elapsed between that committee action and the motion to proceed, a gap that reflects competition for floor time rather than any documented objection recorded in the bill‘s action history. Recent analysis of the bill’s Senate passage prospects has flagged that timing, not committee substance, as the binding constraint heading into fall.  DISCOVER: Best Meme Coins to Buy in 2026  The CLARITY Act Mechanism: Why 60 Votes, Not 51, Decide the Next Step  Cloture on a motion to proceed generally requires three-fifths of the Senate, or 60 votes, to end debate over whether the chamber will take up a bill at all. This threshold, standard under Senate procedure, means Republicans need Democratic

3 days agoIndustry
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