Category: crypto

Ripple CEO Brad Garlinghouse announced that the company is aggressively embracing artificial intelligence to drive revenue and workforce growth. Despite market challenges, Ripple plans to double annual revenue by 2026. The company currently has 94 open roles, with a focus on AI-driven operations. Garlinghouse also discussed AI’s role in business expansion and disputed claims that…

Tether’s $120 million Bitcoin mining expansion in Uruguay collapsed due to an electricity dispute with UTE, leaving two facilities without power. The project was abandoned in 2025 after disagreements over electricity allocations disrupted operations. Tether has continued investing in Bitcoin mining in Brazil and other regions, focusing on renewable energy projects.

Nomura-backed Laser Digital has become Japan’s first newly registered crypto asset exchange service provider in about four years. The company will initially focus on providing liquidity services to domestic virtual asset service providers before expanding into institutional digital asset trading. Japan is preparing to bring crypto assets under a financial instruments framework.

Solana has reduced its target slot time from 400ms to 350ms for the first time since the network launched. This is the first stage of a plan that aims to eventually bring slots down to 200ms. The change is intended to reduce confirmation latency and improve network efficiency.

Bitcoin has risen about 24% in the past week to around $76,844. Standard Chartered’s $100,000 year-end forecast may be too low as the cryptocurrency approaches its $126,000 all-time high. Short liquidations and recovering spot Bitcoin ETF inflows have supported the rally, with potential for further gains.

Besu fixed five security vulnerabilities found by CertiK in version 26.7.1, released on July 27. CertiK discovered resource-exhaustion risks in various interfaces and reported them to Besu for remediation. Besu released technical advisories on August 14, giving operators time to upgrade before making detailed vulnerability information public.

XRP surged 17% to $1.43 after Ripple supported the PermissionDelegationV1_1 amendment. Seven out of 35 validators backed the amendment. The amendment allows limited account authority. U.S. spot XRP ETFs received $13.24 million in net inflows. The amendment must maintain support from over 80% of validators for two weeks to become active.

Solana Company will support SGP-0001 while opposing SGP-0002 and SGP-0003 as voting opens on Aug. 22. SGP-0002 could reduce token issuance by 18.9 million SOL. The company aims to attract financial institutions by maintaining stable economic rules and supporting institutional participation in Solana’s governance system.

Cysic reports a 9% performance gain from improving hardware use in zero-knowledge proving. Competition for GPUs between ZK workloads and AI data centers raises proof costs. Inefficient GPU use, not computing power, drives costs. FPGAs, ZK-specific ASICs, and open prover markets may speed up adoption due to the squeeze on GPU availability.

AVAX One reported a $35.1 million loss in the second quarter, with $33 million in non-cash charges. Staking revenue helped increase quarterly revenue to $2.8 million. The company held 14.09 million AVAX tokens, with 95% staked. CEO Pete Wylie emphasized a conservative approach to debt and a focus on established yield partners.