Odaily News: According to SoSoValue data, XRP spot ETFs recorded total daily net inflows of $23.8712 million yesterday (Aug. 25, Eastern Time).
The XRP spot ETF with the largest net inflow yesterday was the Bitwise XRP ETF (XRP), with daily net inflows of $11.0166 million, bringing its total historical net inflows to $562 million.
It was followed by the Franklin XRP ETF (XRPZ), with daily net inflows of $6.3925 million, bringing its total historical net inflows to $445 million.
As of press time, the total net assets of XRP spot ETFs stood at $1.460 billion, with an XRP net asset ratio of 1.61%, and cumulative historical net inflows reaching $1.590 billion.
According to SoSoValue data, the total net inflow of XRP spot ETFs in a single day is $23.8712 million. The XRP spot ETF with the highest net inflow is the Bitwise XRP ETF (XRP), with a daily net inflow of $11.0166 million, and the historical total net inflow has reached $562 million.Following that is the Franklin XRP ETF (XRPZ), with a daily net inflow of $6.3925 million, and the historical total net inflow has reached $445 million. As of the time of publication, the total net asset value of XRP spot ETFs is $1.46 billion, with an XRP net asset ratio of 1.61%, and the historical cumulative net inflow has reached $1.59 billion.
Odaily News: According to data from Tokens on Solana, weekly spot trading volume for meme coins in the Solana ecosystem has surpassed $5.2 billion, reaching a new high for 2026.
Odaily News: About 40 Japanese banks will launch a proof-of-concept test for mutual transfers of digital currency. Led by GMO Aozora Net Bank, in collaboration with NEC's Abeam Consulting and fintech company DCP, the project uses tokenized deposits on a blockchain for transfers, aiming to build a 24/7, low-cost instant settlement infrastructure. The test is part of a project supported by the Financial Services Agency's FinTech Proof-of-Concept Hub, with participants including Resona Bank, Shoko Chukin Bank, Yokohama Bank, and about 40 institutions in total, with some banks participating as observers. DCP plans to put the service into practical use in fiscal 2027.
South Korean artificial intelligence service platform Wrtn Technologies announced the completion of approximately $69 million in Series C financing, with the company's valuation reaching $870 million. This round of financing will primarily be used to drive global market expansion.Coreline Ventures and Eugene Asset Management participated as new investors; existing shareholders Goodwater Capital, Antler Global, Woori Venture Partners, Korea Development Bank, and Capstone Partners continue to provide support.
Odaily News: Trader Serenity posted that Semtech's latest earnings report shows continued strong demand related to AI optical communications. Company management stated that in the current optical products market, "availability matters more than pricing," and booked orders are not expected to be affected by prices in the near term.
Semtech expects its market share for 1.6T FiberEdge TIA and drivers to exceed 50% by year-end, with related product certification progressing faster than expected. All target orders for the current fiscal year are locked in, and order coverage for the next fiscal year has exceeded 70%. Existing capacity may even be insufficient to meet demand in the second half of fiscal 2028.
Financially, Semtech reported second-quarter revenue of $341.9 million, above the expected approximately $329 million. Third-quarter revenue guidance reached $410 million, significantly higher than the market expectation of approximately $360 million. Serenity described the earnings performance as "very impressive" and noted it sends a positive signal for the ramp-up of 1.6T optical modules.
Arthur Hayes posted on the X platform that the FLOP tokenomics infographic for his AI/crypto project Flop Labs will be released this week. Hayes stated that there will be an AMA on X Spaces and YouTube next week to answer questions about the tokenomics and gather feedback to improve the design.
Odaily News: On-chain analyst Yu Jin reported that the "Oct. 11 insider whale" Garrett Jin entity (0x92ea...50e9) added 600 BTC long positions at $79,000 each in the early morning, worth $47.4 million. The entity has held BTC long positions for 3 months, currently holding 1,868 BTC long positions worth $147 million at an average price of $77,090, with an unrealized profit of $2.78 million. It also holds a short position of 32,700 ZEC opened at an average price of $444, worth $25.28 million, with an unrealized loss of $10.74 million.
According to on-chain analyst Yu Jin's monitoring, the Garrett Jin whale entity (0x92ea...50e9) increased its position by 600 BTC long contracts at a price of $79,000 in the early morning, worth $47.4 million.This entity has held BTC long contracts for 3 months, currently holding 1,868 BTC long contracts, worth $147 million, with an average price of $77,090, resulting in an unrealized profit of $2.78 million; at the same time, it holds 32,700 ZEC short contracts with an average opening price of $444, worth $25.28 million, resulting in an unrealized loss of $10.74 million.
According to the Form D document disclosed by the U.S. Securities and Exchange Commission (SEC), the prediction market platform Kalshi Inc. is conducting a private equity offering under Rule 506(b) exemption, with a total issuance size of approximately $1.499998 billion, of which approximately $1.12001 billion has been sold, leaving approximately $379.99 million remaining for sale. The document shows that the first sale date is April 3, 2026, and 71 investors have already participated.
According to Catcher Predict monitoring, in the predicted market event "Houston Astros vs. New York Yankees" on Polymarket, the "New York Yankees" option in the sub-market "1st 5 Innings Spread -1.5" has experienced significant fluctuations in winning probability, rising from 31.5% an hour ago to the current 50% (a fluctuation of 18.5%). Please note the impact of related breaking news.
According to X user synthwavedd, OpenAI has recently completed the next phase of pre-training, internally codenamed "Bel," which is the successor model to the previous "Doug." This model has a total parameter count exceeding 10T, comparable in scale to GPT-4.5. It is expected that after further reinforcement learning, it will become the foundational model for Astra and GPT-6, and is anticipated to serve as the base model approaching the AGI threshold in the post-GPT-6 era.Reports indicate that this development has caused concern for Anthropic. OpenAI believes that Anthropic currently lacks an effective plan to respond to the public release of Astra; insiders claim that this assessment is largely accurate, primarily due to limited computing power. Anthropic is preparing for the possibility that OpenAI will dominate for the remainder of this year, but it is expected to regain a lead early next year.
Odaily News: Faryar Shirzad posted on X that Coinbase has submitted a response to the joint request for comment by the U.S. CFTC and SEC regarding the definition of perpetual contract products and the compliance framework. Coinbase proposed three recommendations: establish a flexible compliance framework to promote customer choice, competition, and innovation; classify equity perpetual derivatives as security futures for regulation; and allow exchanges regulated by either agency to list event contracts related to securities. Coinbase stated that perpetual derivatives and prediction markets provide investors with new investment and risk management tools, but the complex jurisdictional boundaries between the U.S. CFTC and SEC impose inconsistent requirements on economically related products, hindering market participants' ability to offer and integrate products through a single U.S.-regulated technology stack.
According to DIGITIMES, Changxin Memory and Yangtze Memory continue to expand, and recently Apple is actively seeking to introduce the two Chinese memory supply chains, drawing attention to their entry into Apple's supply system. Industry insiders reveal that the two manufacturers are actually using Apple to prove that the quality of Chinese DRAM and NAND Flash has reached international standards, while secretly expanding their cloud and enterprise market share through third-party assembly for export to North American neocloud operators.Changxin Memory's parent company, Changxin Technology, has completed fundraising of 29.5 billion yuan, while Yangtze Memory plans to raise about 33 billion yuan through an IPO for production line upgrades and R&D. Yangtze Memory has turned profitable in 2024, with a net profit attributable to the parent company reaching 33.379 billion yuan in the first quarter of 2026; its third-phase new factory will begin production ahead of schedule in the fourth quarter of 2026, with a total monthly production capacity of 100,000 wafers, of which about 20% will be trial-produced LPDDR, becoming its first DRAM base. The supply chain indicates that the two companies are expected to increase the self-sufficiency rate of domestic memory in China to over 50% by the end of 2027 to 2028.Yangtze Memory sells NAND to third-party module manufacturers and assembles them into enterprise-level SSDs to avoid location sensitivity; Changxin Memory has already obtained certifications from small and medium-sized cloud operators in the U.S., Canada, and other regions. U.S. private enterprises can, in principle, procure from the two companies, with the entity list primarily restricting their access to U.S. technology, but not completely prohibiting private procurement. Cloud operators also reduce compliance risks through methods such as renting computing power or holding assets through third parties. The industry believes that Apple's influence on supply and demand in the industry is declining, and the two companies have no intention of supplying Apple in large quantities or engaging in price competition, making it difficult to meet Apple's demand in the Chinese market in the short term.
According to South Korea's Chosun Ilbo, the export prices of DRAM in South Korea continue to soar, with AI-driven HBM production squeezing the supply of ordinary memory. Data shows that from the 1st to the 20th of this month, the export unit price of DRAM from South Korea reached $92,183 per kilogram, a year-on-year increase of 401%, and approximately 12.5 times higher than the low point in January 2023.Goldman Sachs expects the DRAM supply gap to widen from 5.0% this year to 5.9% next year, believing that the HBM required for AI servers and high-capacity server DRAM are absorbing limited production capacity, leading to further tightening of ordinary DRAM supply, with shortages potentially lasting until 2028. TrendForce predicts that by the end of next year, the wafer input for HBM production by Samsung, SK Hynix, and Micron will account for 30% of the total DRAM wafer input, but HBM will only account for about 13% of the actual DRAM bit supply.Memory manufacturers warn that the supply tightness of DRAM and NAND driven by AI demand may continue until after 2027. SK Hynix stated that from the supply side, 2027 could become the most severe shortage year in the history of the memory industry.
Odaily News: Pons, a project in the Robinhood Chain ecosystem, announced that it has generated over $2.85 billion in trading volume in just one month since launch, accounting for more than 11% of Robinhood DEX's total trading volume of approximately $25 billion.
The decentralized perpetual contract protocol Lighter announced that its average block proof time has decreased from about 5.3 minutes to about 1 minute over the past month. This progress was achieved through two independent optimizations launched on July 23 and August 23. Lighter can now complete block verification faster, thereby increasing processing capacity, reducing infrastructure costs, and creating space for further expansion.The first optimization is the Heavy/Light decomposition. This solution splits the transaction circuit into light circuits and heavy circuits, allowing simple quote updates, which account for the vast majority of transactions, to only pay for light constraints, thus halving the proof time. The second optimization comes from the Prover backend optimization brought about by the proof competition held in collaboration with Eigen Labs, which again halves the proof time under the same circuit conditions. The first batch of optimizations went live on August 23, with more batches still in progress. Additionally, on August 10, all Schnorr signature verifications were incorporated into a single Plonky3 proof for each block, resulting in approximately a 20% improvement.The above optimizations are orthogonal and their effects are cumulative. The remaining competition optimizations are expected to bring about an additional 2x improvement, potentially reaching a total of about 10x compared to mid-July. Currently, Lighter's sustained processing capacity has exceeded historical peak loads, and the finality limit for withdrawals has been reduced from about 21-22 minutes to about 16-17 minutes, maintaining stability during peak traffic periods.
Odaily News: According to GMGN market data, the Solana ecosystem meme coin PLSTACIO briefly surpassed a market cap of $12 million, currently trading at approximately $11.9 million, with an intraday gain of over 300x.
In terms of narrative, PLSTACIO originates from a newly created character by artist Marcello. Marcello is a meme art and content creator whose X account @Marcello_695 has about 6,500 followers. He has long created meme-style characters such as Pepo and lists works like Swassie and Spepo in his bio.
Odaily reminds that meme coins are highly volatile and susceptible to social media sentiment and market emotions; please be aware of trading risks.
Odaily News: According to GMGN market data, the Robinhood ecosystem meme coin MARTIANS has surpassed a $6 million market cap, currently at about $6.6 million, with an intraday gain of over 320%.
On the narrative front, Robinhood co-founder Vlad Tenev previously replied to Elon Musk's Mars-related content, saying, "See you on Mars," which sparked community hype around the MARTIANS meme narrative.
Odaily reminds that meme coin prices are highly volatile and easily influenced by social media sentiment and market emotions; please be aware of trading risks.
According to GMGN market data, the market capitalization of the Robinhood ecosystem Meme coin MARTIANS has surged past 6 million USD, currently reported at around 6.6 million USD, with a daily increase of over 320%.In terms of narrative, Robinhood co-founder Vlad Tenev previously responded to Musk's comments about Mars by stating, "See you on Mars," which sparked community hype around the Meme narrative of MARTIANS. Meme coin prices are highly volatile and easily influenced by social media commentary and market sentiment, so please be aware of trading risks.