Ripple CTO Reveals Long-Term XRP Ledger Vision Following Network Improvements

ZyCrypto

David Schwartz, the Chief Technology Officer at leading cross-border payments processing giant Ripple, has outlined his outlook for the future of XRPL. The Ripple official shared his outlined vision for XRPL, particularly his solution to some existing network issues needing rectification.

In an X post, Schwartz revealed the state of things with the XRP Ledger hub under his management and further highlighted a graph depicting the number of peer connections to the hub received from August 21st to August 25th.

The Ripple CTO explained that the upgrade has resulted in improved bandwidth measurements, and as demonstrated by the images he provided, the hub has shown solid operation over the week.

“After a week of solid operation my hub had a rough day. But it was for a very good reason — the switch it’s connected to received a massive upgrade and my bandwidth measurements are much better now.” He wrote. https://twitter.com/joelkatz/status/1960442103781318699?s=46&t=qzsvHvtDB3yjTaoaylh-2g

David Schwartz shares long-term network plans for XRPL

The CTO proceeded to share his long-term plans for XRPL, stating that he first intends to run production on the XRPL infrastructure. He noted that a software flaw caused server link disconnection as a key network issue plaguing the XRPL software, which could be rectified with data secured from the production hub.

Schwartz went on to disclose validators’ struggle with network connectivity, which he maintains could be strengthened. He breaks down the current situation and presents a solution, as his post reads;

“Third, I’ve noticed some issues around validators with network connectivity that is not as good as it could be. I think having one *really* good hub that can link several hundred nodes together, including most of the “important” nodes could make an actual difference in overall network reliability and stability.”

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Ethereum Gained 0.76% to $4338.59 — Data Talk

Dow Jones Newswires

Ethereum is up $32.54 today or 0.76% to $4338.59

Largest percentage increase since Sept. 3, 2025, when it gained 3.50%
Up three of the past four days
Up 0.29% this week
Best weekly performance since the week ending Aug. 22, 2025, when it rose 9.43%
Up 29.71% year-to-date
Down 12.44% from its all-time intraday high of $4955.23 on Aug. 24, 2025
Up 99.97% from 52 weeks ago (Sept. 6, 2024), when it traded at $2169.66
Up 206.80% from its 52-week intraday low of $1387.85 on April 9, 2025
Traded as high as $4484.44
Up 4.14% at today's intraday high; Largest intraday % increase since Aug. 26, 2025, when it was up as much as 5.89%

Note: The Ethereum price is a 5 p.m. ET snapshot from Kraken

Data compiled by Dow Jones Market Data

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Nasdaq’s listing overhaul could raise the bar for shell companies, crypto treasuries

Cointelegraph

Nasdaq’s newly proposed listing rules may give established digital asset treasury firms an edge, while raising new barriers for smaller players looking to incorporate cryptocurrencies into their balance sheets.

The changes, announced Wednesday, include lifting the minimum public float to $15 million and fast-tracking delistings for companies that fall out of compliance.

According to Brandon Ferrick, general counsel at Web3 infrastructure company Douro Labs, the proposed changes are unlikely to hurt well-managed digital asset treasury firms. Instead, they give stronger players a trading premium.

“You can expect the best names to trade at a premium because the weaker performing firms will be washed out. This effectively puts an mNAV premium on high-quality DATs,” Ferrick told Cointelegraph.

A DAT is a digital asset treasury company. A multiple of net asset value, or mNAV, is the market’s value of a company relative to its digital asset holdings.

The proposed listing standards feature three key updates: a $15 million public minimum float for new listings, an acceleration of delisting companies that have “compliance deficiency” or a market value below $5 million, and a $25 million minimum public-offering proceeds requirement “for new listings of companies principally operating in China.”

The proposed $15 million minimum float could have unintended consequences, according to Ferrick, making shell companies more expensive and effectively raising the barrier to entry for new issuers.

“The [shell companies] will become more expensive [...] which means that the barrier to entry was just raised.”

A shell company is a legal entity with little to no active operations, often used for purposes such as venture capital deals, asset management, or corporate restructuring. A common type of shell company is the special purpose acquisition company (SPAC), which is created to raise funds and later merge with or acquire another firm. SPACs and other shell entities have been largely used in business deals involving digital asset treasuries.

“Nasdaq is submitting the proposed rules to the SEC for review and, if approved, is proposing to implement the changes to the initial listing requirements promptly,” the exchange said in a statement.

Nasdaq is one of the biggest stock exchanges worldwide, with a dominant presence in options and tech stocks trading. As of August 2025, the exchange listed 3,324 companies in the US and handled more than 49 billion equity shares in monthly trading volume.

Nasdaq rules generally require companies to seek shareholder approval before issuing new securities tied to major acquisitions, equity compensation, a change of control, or a sale representing 20% or more of shares below market price, according to the exchange’s listing center.

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Ethereum ICO-Era Whale Suddenly Springs To Life After 8-Year Hibernation, Stakes $645 Million ETH

ZyCrypto

An early Ether (ETH) investor that has been dormant for over eight years, has awakened and made one of the largest staking deposits in recent history.

According to on-chain data spotlighted by Lookonchain, three addresses that snapped up 1 million Ether tokens during the initial coin offering (ICO) in 2015 transferred a combined amount of $645 million worth of funds on Thursday to a staking address.

The anonymous whale initially purchased the coins for $310,000 at $0.31 per coin. That stash is now valued around $4.3 billion. Prior to Thursday’s action, the three wallets had been inactive since February 2022, when they conducted non-ETH transactions.

After this week’s staking, two wallets still hold another 105,000 ETH, valued at $451 million.

Lookonchain

@lookonchain

An #Ethereum ICO participant who received 1,000,000 $ETH just woke up after 8 years of dormancy.

He moved 150,000 $ETH($645M) to a new wallet for staking.

He invested $310K in the ICO via 3 wallets and received 1,000,000 $ETH — now worth $4.3B.

After staking 150,000 $ETH, he… pic.twitter.com/B5CBTBJ2O5

Sep 05, 2025

It’s the latest in a slew of reactivating ICO whale addresses. In August, one ICO whale moved $19 million worth of ETH to the Kraken crypto exchange, before selling another 1,060 ETH days later. Another ICO participant also sold 2,300 ETH last month.

Ether registered a new all-time high of $4,946.05 late last month and is up an impressive 70% over the last three months. The second-largest cryptocurrency was now changing hands at $4,329 as of publication time.

Investor optimism regarding Ether has surged in recent months following the passage of landmark crypto regulation that could benefit the network, and amid rapidly increasing institutional demand for the asset that has sparked huge inflows into spot ETH exchange-traded funds (ETFs).

ETH Accumulation Heats Up

Meanwhile, retail whales and financial institutions have continued to aggressively amass Ethereum. They have purchased 218,750 ETH, worth $942.8 million, over the last two days alone, as spotted by Lookonchain.

Lookonchain

@lookonchain

Whales and institutions bought a massive 218,750 $ETH($942.8M) in the past 2 days.

Bitmine bought 69,603 $ETH($300M) from BitGo and Galaxy Digital.

5 newly created wallets bought 102,455 $ETH($441.6M) from FalconX. pic.twitter.com/ajkL0O3roc

Sep 05, 2025

Peter Thiel-backed Bitmine Immersion Tech, which has become the largest corporate holder of Ether, scooped up 69,603 ETH for approximately $300 million through BitGo and Galaxy Digital’s over-the-counter trades. Bitmine currently holds more than 1.75 million ETH, worth over $7.6 billion. Runner-up Ether treasury firm SharpLink Gaming announced earlier this week that it purchased 39,008 ETH, pushing its total stockpile to 837,230 ETH.

Additionally, five wallets that were recently created purchased 102,455 ETH, equivalent to $442 million, through FalconX.

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German Government Failed to Seize $5 Billion Worth of BTC

U.Today

According to data provided by analytics firm Arkham Intelligence, the German government has failed to seize a total of 45,000 Bitcoins ($5 billion) from the infamous Movie2K piracy website. If the analysis is correct, the operators behind Movie2K still have access to a substantial cryptocurrency fortune.

Saxony's Bitcoin selling spree

Saxony, a state in eastern Germany, sold a total of 50,000 Bitcoins last year after seizing them from the infamous piracy website.

The selling spree attracted strong pushback from the Bitcoin community, and the sale ended up being untimely in hindsight, given that the price of the leading cryptocurrency has greatly appreciated since then.

Untouched stash

Now, Arkham claims to have identified another untouched stash of roughly the same size. At current prices, it is worth more than what the German government has already liquidated.

The coins are hidden across a total of 100 wallets, and it remains unclear whether the German government (or the state of Saxony, to be precise) actually missed these coins entirely.

It remains to be seen whether Saxony will attempt to seize these Bitcoins in the future if Arkham's analysis is actually correct.

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CoinDesk Bitcoin Price Index Gained 1.65% to $111624.06 — Data Talk

Dow Jones Newswires

CoinDesk Bitcoin Price Index is up $1816.57 today or 1.65% to $111624.06

Largest percentage increase since Aug. 22, 2025, when it gained 4.02%
Up six of the past seven days
Up 3.14% this week
Best weekly performance since the week ending July 11, 2025 when it rose 9.94%
Up 19.49% year-to-date
Down 10.34% from its all-time intraday high of $124495.51 on Aug. 14, 2025
Up 108.65% from 52 weeks ago (Sept. 6, 2024), when it traded at $53499.33
Down 10.34% from its 52-week intraday high of $124495.51 on Aug. 14, 2025
Up 108.71% from its 52-week intraday low of $52604.85 on Sept. 7, 2024
Traded as high as $113368.98; highest intraday level since Aug. 28, 2025
Up 3.24% at today's intraday high; Largest intraday % increase since Aug. 22, 2025, when it was up as much as 4.69%

Note: CoinDesk Bitcoin Price Index (XBX) at 4 p.m. ET close

Data compiled by Dow Jones Market Data

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Polymarket hits all-time high for new markets created as platform eyes US return

The Block

As Polymarket gears up for a return to the United States, the predictions markets platform hit a milestone last month.

The number of new markets on a monthly basis reached 13,800 in August, blowing past the previous record from July by about 2,000 markets. Markets represent individual events that users can wager on.

Polymarket is a decentralized prediction market platform that allows users to place bets on world events. Users buy and sell shares using cryptocurrency to bet on the likelihood of future events taking place. The platform gained significant prominence around the presidential election in November 2024.

Earlier this week, Polymarket CEO Shayne Coplan said the platform has the "green light" to re-launch in the U.S. after the Commodity Futures Trading Commission said they have taken a no-action position regarding swap data reporting and recordkeeping regulations for event contracts in response to a request from QCX. After a federal investigation was dropped in July, Polymarket said it planned to re-enter the U.S. for the first time since January 2022 with the acquisition of derivatives exchange QCEX.

The platform has its share of high-profile supporters. Donald Trump Jr. invested in Polymarket and joined the advisory board last month, and in June, Elon Musk’s X said it was “joining forces” with the prediction platform.

Despite hitting a record high for new markets created, overall volume on Polymarket has slowed throughout the year. Active traders hit their lowest level (around 227,00) since last October, according to The Block's data dashboard. Notably, overall volume has treaded water around the $1 billion level for the past several months after crossing $2.6 billion during the election.

Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures. The Block continues to operate independently to deliver objective, impactful, and timely information about the crypto industry. Here are our current financial disclosures.

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