Cryptoccino — Saturday 29 August 2026

ETH ETFs post nine-day inflow streak. Ethereum ETFs drew $226 million in a single session, their strongest day in ten months, bringing the nine-session total to $1.4 billion. The haul nearly matched Bitcoin ETF inflows on the same day, a structural shift worth watching as Warsh’s remarks now cloud the next leg. decrypt

Bitwise BSOL becomes the first Solana ETF to cross $1 billion AUM. The Bitwise Solana Staking ETF hit the milestone less than a year after launch, underscoring how fast institutional appetite for SOL exposure has grown. The timing lands on the same day Solana’s on-chain disinflation vote passed, see Projects & Money. theblock

Charles Schwab extends crypto trading to SOL, AVAX, and LINK. The brokerage is expanding its Schwab Crypto platform beyond BTC and ETH but has not committed to a launch date for the three new tokens. For a firm of Schwab’s retail reach, even an unscheduled expansion signals that alt-exposure is now a table-stakes offering. decrypt

IREN shares drop 8% as AI conversion costs weigh on the print. AI cloud revenue overtook Bitcoin mining revenue for the first time at IREN, but the $25-30 billion buildout plan spooked investors, per Bernstein. The stock fell 8% even as the company reported over $20 million in annual revenue per IT megawatt on recent deals. coindesk theblock decrypt

Solana’s Double Disinflation proposal squeezes through governance by a razor margin. The vote to double the rate at which SOL’s inflation decays passed only narrowly after Kraken’s stake-weighted vote nearly tipped the outcome the other way, while a separate $800K daily fee-burn proposal failed to reach threshold. The result means SOL will issue materially fewer tokens over coming years, an explicit supply tightening that the ecosystem has debated for months. coindesk decrypt

BitGo acquires NYDIG’s trading arm for up to $57.5 million. The deal is structured as $42.5 million in cash and stock upfront plus a $15 million earnout, giving BitGo a regulated trading desk to complement its custody and prime brokerage suite. NYDIG had been scaling back its trading operations after the 2022 downturn; BitGo gets the infrastructure without building from scratch. coindesk

SBI Holdings takes a 20% stake in Indonesian broker Ajaib for $270 million. The strategic rationale centres on distributing SBI’s yen-denominated stablecoin across Southeast Asia through Ajaib’s retail and institutional channels. Ajaib already offers crypto, stablecoins, and OTC settlement services alongside traditional equities, giving SBI a ready-made distribution layer. coindesk theblock

Ethena pivots to equity perps to sustain yield as crypto funding rates compress. The protocol is targeting yield generated from booming equity perpetual markets rather than relying solely on crypto funding rates, a meaningful strategy shift as the basis trade thins. It signals that delta-neutral yield products are maturing past single-asset dependence. coindesk

Avici to repay $500K after a vulnerability in its Solana card contract. The protocol confirmed a smart contract flaw and committed to full refunds for affected users. No attacker address or exploit method was detailed publicly at time of writing. cryptobriefing

Kraken briefly locked users out after a surge of sanctioned transactions hit its systems. The exchange did not disclose the volume or origin of the flagged transactions, framing the lockout as a compliance response rather than a breach. Kraken is separately building out a more comprehensive self-custody wallet, per a separate announcement this week. coindesk

UK police forfeited 20 BTC tied to defunct darknet markets after the holder died. The roughly $1.4 million in Bitcoin was linked to marketplaces active between 2016 and 2019, and was seized following the death of the individual who controlled the wallet. The case is a reminder that law enforcement’s chain-analysis pipeline keeps producing results years after markets shut. decrypt

Ninth Circuit rules against Kalshi, upholding Nevada’s authority over prediction markets. The appeals court rejected Kalshi’s argument that CFTC jurisdiction pre-empts state-level sports betting regulation, a significant loss for the platform’s expansion strategy. The ruling casts doubt on how far federally licensed prediction market operators can push into state-regulated gambling territory without separate approvals. coindesk theblock

California Senate passes a bill banning public officials from issuing memecoins to state residents. The measure targets federal officeholders and cites conflicts of interest and pay-to-play risks, a direct legislative response to the Trump memecoin controversy. It now heads to the governor; enforcement scope against federally issued tokens will be the key test if it becomes law. cointelegraph_regulation

The Digital Asset Market Clarity Act slips to September while banks proceed anyway. The legislative delay is now expected to push final passage into next month, but major banks are not waiting, continuing to build out tokenisation and custody infrastructure under existing guidance. The dynamic underscores that regulatory certainty is increasingly a trailing, not leading, indicator for institutional build. coindesk

CFTC orders a $172,000 penalty for insider trading in event contracts. Gabriel Perez was found to have traded on non-public information in mention market event contracts, the CFTC’s first public enforcement action of this type in the prediction market space. With Kalshi’s jurisdictional loss also landing today, event contract operators are having a rough Friday in Washington. cftc_enforcement

What else is grinding?

• Ripple is implementing quantum-resistant cryptography on the XRP Ledger ahead of what it calls ‘Q-Day’, prioritising wallet migration before sufficiently powerful quantum hardware exists. coindesk cryptobriefing
• Circle’s USDC brand will appear on the front of Chelsea FC’s shirts this season in what the club is calling a Premier League first for a stablecoin sponsor. coindesk theblock
• Public Citizen estimates that investors across Trump-affiliated crypto ventures are collectively at least $4.7 billion underwater while Trump-linked entities have collected roughly $1.4 billion in fees and proceeds. theblock
• BIS chief Agustin Carstens argued that stablecoins lack the credibility needed for large-scale payments and pushed tokenised bank deposits as the more structurally sound alternative. cryptobriefing
• Ten-year-dormant Bitcoin wallets moved $40 million worth of BTC this week, with the bulk of coins routed off-exchange, adding a low-level supply-overhang question to an already jittery week. coindesk
• Bybit will launch round-the-clock options on stock perpetuals for SpaceX and Nvidia from 17 September, settling in USDT with fractional lot sizes. theblock

Last sip. The Clarity Act was supposed to settle the rules before banks built the infrastructure. The banks didn’t wait, and nobody has decided yet whether that’s confidence or a problem.