SOLAI Approves 700-for-1 Share Split and Raises Share Ceiling to 100B
SOLAI shareholders approved a 700-for-1 share split and raised the post-consolidation Class A share ceiling to 100 billion. The vote followed an NYSE suspension of the company's ADSs after its market capitalization fell below $15 million. SOLAI did not disclose a specific use for the new authorization.
Russian Central Bank Proposes 25% Cap on Crypto Holdings for Market Participants
The Russian Central Bank proposed limiting approved crypto assets to 25% of total equity for professional market participants. The draft would apply to brokers, trust management firms, forex dealers, and cryptocurrency exchanges. The framework requires relevant crypto assets to be registered with a crypto-asset custodian.
Jane Street bought $630 million in Bitcoin ETFs in the second quarter. The purchase lifted Jane Street's total Bitcoin ETF holdings to $1.06 billion. Jane Street had cut its Bitcoin ETF holdings by 71% in the first quarter.
Robinhood Chain TVL exceeded $540 million after rising more than 45% in August. Tokenized RWAs reached $32 million, but their share of TVL fell from nearly one-third on July 7 to 6% today.
Minnesota is defending HF-1606, a law that allows penalties of up to $500,000 per image for certain AI-generated sexual images. xAI argues that the law violates the First Amendment and could cover protected images and political satire.
Kraken Parent Payward Joins Anthropic AI Security Program
Kraken parent Payward joined Anthropic's Project Glasswing and gained access to the Claude Mythos 5 AI model. Payward plans to deploy the model across its environments in the coming weeks. Payward plans to disclose third-party open-source software vulnerabilities to project maintainers.
Printr Shuts Down and Cancels Token Launch and Airdrop
Printr, an eight-chain token launchpad, will cease operations by Aug. 31 and cancel its token generation event and airdrop. Printr said it could not secure the capital or distribution needed for a sustainable business. The platform collected $574,468 in fees since launch, with 84% generated in April.
Edward Zimbardi faces U.S. charges over an alleged cryptocurrency Ponzi scheme that caused more than $165 million in losses for more than 6,000 investors. Prosecutors said The Crypto Program promised a guaranteed 25% monthly return on an initial $550 investment.
OCC Conditionally Approves World Liberty Financial Charter Application
The OCC conditionally approved World Liberty Financial's national trust bank charter application, while Trump family entities hold a 38% stake in the company. The approval remains subject to regulatory and policy requirements. Application documents show that the proposed bank plans to issue USD-backed stablecoins and custody digital assets related to USD1.
Prediction markets price about a 74% probability that the Fed will hold rates steady at its September meeting. Polymarket contracts have recorded $33.9 million in trading volume.
Crypto influencer Zion "Ansem" Thomas launched ansem.io, where token teams reserve at least 3% of supply for $ANSEM holders. By 5:19 p.m. ET, the site reported 19 token launches, about $211,500 in airdrops, and 929,647 $ANSEM burned.
Vulcan warned that $33.1 million of notes due Oct. 31 could remain exposed if its proposed financing does not close. Vulcan has not reported closing the proposed $39.4 million PIPE. The Oct. 10 outside date falls 21 days before the notes mature.
Galaxy Research estimates that Coldcard theft losses have exceeded $115 million in Bitcoin. Galaxy Research has spoken with more than 200 victims while gathering intelligence on the attackers. Coinkite said a firmware bug affected Coldcard Mk3 devices beginning with version 4.0.1.
OCC Conditionally Approves World Liberty Trust Charter
The OCC conditionally approved World Liberty Financial's national trust bank application, subject to regulatory and policy requirements. World Liberty plans to issue US dollar-backed stablecoins and custody digital assets related to USD1. A Trump family entity controlled 38% of World Liberty's equity interests, according to the company's website.
Tokenized equities reached 15% market share, triple the level at the start of the year. The sector's market capitalization is about $2.8 billion, while RWA transfer volume doubled in August to $20 billion.
Prediction markets assign about 74% odds that the Federal Reserve will leave rates unchanged at its September meeting. Polymarket shows a 25% chance of a quarter-point hike and about 1% odds of a cut.
Florida Startup Tests Hydrogen Unit to Bypass Grid Queue
VIVIFY Technology is testing a hydrogen power unit in Florida with a 65-kilowatt load bank as it seeks to bypass long grid interconnection waits for data centers. Jason Herring said the Flying Pig unit could provide 1 megawatt of power within 15 minutes, but VIVIFY is still building a system to validate energy inputs and outputs.
Deel expanded its DLUSD stablecoin wallet to more than 80 countries through a payroll platform that processes $22 billion a year. The wallet was previously limited to Argentina. DLUSD balances can be held and lent through Morpho markets on Tempo.
Neynar Seeks Buyer for Farcaster as Fees Fall to $376,740
Neynar is seeking a new team to run Farcaster, Clanker and its developer platform after protocol fees fell to $376,740 between July 1 and Aug. 17. Rish Mukherji said Neynar will return most of its remaining balance sheet and its staff will move on. CLANKER traded at $12.29, down 3.6% on the day, while fee-funded buybacks have stopped.
An investor converted $6 million worth of Bitcoin in-kind into BITB through a broker last week. Bitwise CEO said the feature is not suitable for every investor.