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Share link:In this post: Elon Musk revealed that senior Meta engineers have moved to xAI without needing “insane” initial compensation, trusting in the company’s long-term potential. While Meta has tried to lure AI talent, offering up to $100M packages, some candidates, including OpenAI and Anthropic researchers, have declined, citing mission-driven motives and organizational agility. xAI’s fast rollout of 10 tools in under two years has impressed observers, as major players like Meta, OpenAI, Google, and
Share link:In this post: Charles Hoskinson clarified that the Cardano Treasury will not be used to pay exchange listing fees for projects like SNEK or Midnight. The statement was made in response to SNEK’s proposal to withdraw 5 million ADA for a Tier 1 exchange listing. Hoskinson emphasized that all projects must self-fund their listings, regardless of community support or strategic value.
Lido DAO is under pressure from all sides—shrinking ETH staking share, internal restructuring, and rising withdrawal demand—marking a pivotal moment in its role within Ethereum’s evolving ecosystem.
Ethena’s ENA token leads crypto gains following a surge in USDe’s supply and strong technical momentum. Traders eye a move toward $0.77.
Pi Coin is showing early signs of recovery after a steep decline. A hidden bullish divergence, easing bear momentum, and rising sentiment may offer bulls a narrow window; if key resistance breaks.
- 00:02Amplify submits application to the US SEC for an XRP Covered Call ETFJinse Finance reported that investment management company Amplify Investments submitted a preliminary prospectus for an XRP Monthly Option Income Exchange-Traded Fund (ETF) to the U.S. Securities and Exchange Commission (SEC) on August 29. The fund aims to balance high yield and capital appreciation by investing in XRP price returns combined with a covered call option strategy. Currently, the SEC still has a large backlog of crypto asset ETF applications pending review, including spot ETF proposals for XRP, Litecoin, Dogecoin, and Solana from institutions such as Grayscale, 21Shares, and Bitwise. Since the Trump administration took office, the SEC's stance on crypto ETFs has changed significantly, with rules approved in July allowing authorized participants to create and redeem crypto ETFs in physical form. As of August 28, Bloomberg data shows that there are more than 90 crypto-related applications awaiting SEC review. If approved, this would not be Amplify's first crypto ETF. The company also manages a fund investing in "equity of companies related to blockchain technology" and another covered call option income fund based on Bitcoin price returns. According to its official website, Amplify currently manages assets totaling $12.6 billion.
- 2025/08/29 23:43Grayscale submits S-1 filings for Cardano and Polkadot ETFsAccording to Jinse Finance, Bloomberg ETF analyst James Seyffart reported that digital asset management company Grayscale has filed S-1 registration statements for its Cardano (ADA) and Polkadot (DOT) exchange-traded funds (ETFs). These documents are a follow-up to the previously submitted 19b-4 forms by Grayscale, indicating that the company is continuing to advance its product listing process. This move is not an entirely new application, but rather part of its routine filing procedures.
- 2025/08/29 23:29Overview of Major Overnight Developments on August 3021:00 (UTC+8) - 7:00 Keywords: Stablecoin, Vance, Musk 1. Former CFTC Chairman: Stablecoins will replace failed currencies; 2. Vance: Ready to assume presidency if something happens to Trump; 3. Federal Reserve’s Daly hints at a possible rate cut in September, citing tension between dual mandates; 4. Musk’s lawyer to serve as chairman of the $200 million DOGE treasury company; 5. U.S. Treasury: Total value of foreign securities held to reach $15.8 trillion by the end of 2024; 6. U.S. senators hope to review a new crypto market structure bill by the end of September; 7. Lawyer for Federal Reserve Governor Cook claims fraud charges have become Trump’s “weapon of choice” for purging dissenters.