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XRP Broke a Level It Hadn’t Touched in Over a Year — And Whales Bought It
- XRP fell while Bitcoin, Ethereum, and Solana all rose over the past month.
- XRP ETFs logged zero net flow in each of their last four sessions.
- Santiment says large XRP wallets grew even as prices kept falling.
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The Web’s Missing Payment Primitive Didn’t Need Better Tech, It Needed to Ditch Humans
- Micropayments died since the 1990s on cognition, not technology.
- x402 removes the human, not the friction, from the decision.
- Average x402 payment is 32 cents, not a fraction of a cent.
A Fake DeFi Startup Hired 3 Suspected North Korean Developers: What Happened Next?
- Researchers ran a fake DeFi startup and hired suspected North Korean developers.
- Operatives forged US IDs with Google Gemini and leaned on ChatGPT for coding.
- Once hired, workers gained legitimate access to code, wallets, and smart contracts.
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Solana Looks Calm at $77, But On-Chain Signals Say Otherwise
- The Solana price is trapped near $77 in a falling channel since July 4
- Exchange netflow flipped positive as holders move SOL to exchanges to sell
- DEX volume is down about 80% from April, and losing $74.57 risks a 10% drop
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Bank of Korea Breaks 13-Year Streak With Gold ETF Purchase
- Bank of Korea held $250 million in gold ETF shares at June end.
- The stake is the central bank's first gold-linked investment since 2013.
- Central banks bought a record 289 tons of gold in the second quarter.
NYC Council Probes 4 Prediction Markets Over “Predatory Marketing” Claims
- NYC Council is investigating four prediction market platforms over their marketing practices.
- Speaker Julie Menin gave the platforms 14 days to disclose marketing and user data.
- Attorney General Letitia James had already moved against several registered platforms.
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Stablecoin Banking Competition Expands Beyond Settlement
- Stablecoins are gaining ground across payments, payroll, business transfers and settlement.
- Card issuance, foreign exchange, compliance and account management offer providers greater revenue opportunities and stronger customer relationships.
- Stablecoin neobanks face growing responsibility as they combine payments, yield, credit and trading within one product.
SpaceX Short Interest Falls to 11% From 34% Peak: Are Bears Capitulating?
- SpaceX short interest fell to 11% of float from a 34% peak.
- Shares are up 41% off their Aug. 3 low as shorts race to cover.
- S3 Partners' Bob Sloan calls SpaceX the market's frothiest trade.
