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Hyperliquid Burns $830K in HYPE Near Record High
Hyperliquid bought back and burned approximately 9,730 HYPE tokens worth about $829,500 in the 24 hours leading up to September 6, at an average purchase price of $85.27. The cumulative burn has reached approximately 48.42 million HYPE, representing 4.84% of the maximum supply of 1 billion tokens, valued at around $4.14 billion at current prices. The burn mechanism is automatically executed through the Assistance Fund, which uses most protocol fees for open market buybacks and permanent burns. HYPE's price approached $86 following the report, still below its all-time high.
HYPEAssistance FundHyperliquidtoken burn2026-09-06
Ripple Swell Adds Former RBI Governor Raghuram Rajan
Ripple has announced that former Reserve Bank of India Governor Raghuram Rajan will speak at the Institutional Summit of its annual conference, Swell 2026, which kicks off a three-day event in New York on October 27. For the first time, Swell 2026 will be co-located with XRPL Apex, expecting over 1,500 attendees. Rajan will offer a central bank perspective, as he currently co-chairs a working group on the Federal Reserve's balance sheet policy.
XRPInstitutional SummitSwell ConferenceRaghuram Rajan2026-09-06
Ripple CEO Unfazed by BIS Testing XRP Ledger
Ripple CEO Brad Garlinghouse expressed no surprise at the Bank for International Settlements (BIS) testing the XRP Ledger (XRPL), viewing it as validation of XRPL's low fees, fast settlement, and strong track record, making it suitable for institutional adoption. The test is seen as a significant milestone for XRPL and reflects growing institutional interest in blockchains with efficient settlement and data integrity.
XRPInstitutional AdoptionBrad GarlinghouseXRP Ledger2026-09-05
Ripple's Swell to Feature Former Indian Central Bank Governor
Ripple has announced that its annual Swell conference will take place in New York from October 27-29, 2026, featuring an opening keynote by Raghuram Rajan, former Governor of the Reserve Bank of India. For the first time, Swell will be combined with XRPL Apex, expecting over 1,500 attendees from banking, digital assets, payments, and more. Speakers include Ripple CEO Brad Garlinghouse and Matt Damon. The event focuses on the convergence of traditional finance and blockchain, highlighting Ripple's efforts in institutional adoption.
XRPInstitutional SummitSwell ConferenceCentral Bank2026-09-04
Can a 21-Bank Stablecoin Rival USDT and USDC?
A consortium of 21 global financial institutions plans to launch a dollar-pegged stablecoin to compete with USDT and USDC. Experts note that despite the consortium's regulatory resources, corporate relationships, and international payment networks, institutional backing does not guarantee success unless they can match existing stablecoins in liquidity, accessibility, and portability. The stablecoin is expected to launch in the first half of 2027, with details such as token name, supported blockchains, and reserve custody yet to be disclosed. The article analyzes potential advantages and challenges, including distribution advantages from banking relationships and the question of legal liability.
USDTInstitutional Adoptionbank consortiumStablecoin2026-09-04
Banco do Brasil Makes First Digital Note Investment in $5M Citi Deal
Banco do Brasil has invested its own funds in a $5 million digital native structured note issued by Citi on Euroclear's blockchain-based D-FMI platform, marking the first such transaction by a Latin American institution. The note was issued by Citi's Luxembourg entity, with the London branch acting as issuing and paying agent. Banco do Brasil stated that this investment represents its first digital note transaction, aimed at evaluating new financial infrastructure based on distributed ledger technology. The digital instrument, issued, registered, and managed via blockchain, reduces operational steps, enhances transaction traceability, and supports settlement, reconciliation, and asset management.
2026-09-04
Ripple Launches Wall Street Equities Desk, XRP Takes a Backseat
Ripple Prime launched a Delta One equities trading desk on August 27, offering total return swaps on US stocks, indices, and digital assets to hedge funds. However, XRP was mentioned only once in the announcement, with RLUSD stablecoin serving as the primary collateral. RLUSD's total supply surpassed $2 billion, with over $1 billion issued on the XRP Ledger. XRP spot ETFs saw weekly inflows of $110.49 million, a new high for 2026. A maintenance amendment to the XRP Ledger may activate on September 11. XRP rose 37% in August but remains about 57% below its July 2025 peak. The article analyzes that Ripple's future revenue focus may shift toward RLUSD and institutional services, marginalizing XRP's role.
XRPequities deskinstitutionalDelta One2026-09-02
261,555 Hyperliquid (HYPE) Deposited to Coinbase Prime: Are Institutions Selling?
Hyperliquid (HYPE) faces potential supply pressure after Multicoin Capital deposited 261,555 HYPE (about $21.7 million) to Coinbase Prime in three batches, which may increase sell-side liquidity but is not a direct sell-off. HYPE surged from around $57 to $82.93 in the second half of August, recently facing resistance at $86-87. Technically, HYPE remains above key moving averages (73.48, 64.01, 62.86), with RSI easing to 66, indicating waning momentum but no breakdown. Key support lies at $80; losing it could accelerate profit-taking toward $76-73. The article suggests that if HYPE holds $80 and absorbs supply, it shows strong demand, but institutional distribution is not yet confirmed.
HYPEInstitutional SellingTechnical AnalysisCoinbase Prime2026-09-02
Figure Closes $717M Deal to Acquire Kiavi's Real Estate Lending Platform
Figure Technology Solutions has completed its acquisition of real estate lender Kiavi in a deal valued at $717 million. Kiavi's lending technology and platform will be integrated into Figure's blockchain-based capital markets, with its residential transition and DSCR loan technology connecting to Figure Connect and available to over 480 ecosystem partners. Kiavi CEO Arvind Mohan will join Figure as Chief Business Officer. Figure plans to include Kiavi's contributions in its third-quarter earnings.
2026-09-02
XRP price targets $1.70 as Bitwise ETF tops $500M
XRP traded near $1.37 on September 1, down from its August high of $1.70, with a weekly loss of 8.2% but a monthly gain of 25.9%. Analyst Ali Martinez sees XRP breaking resistance, targeting $1.70. The Bitwise XRP ETF holds 365.35 million XRP, worth $507.23 million. Technically, XRP finds support at $1.30-$1.35 and needs to reclaim $1.50-$1.60 for further upside. RSI is at 60.6, and MACD shows weakening short-term momentum.
XRPprice analysisBitwise ETFResistance2026-09-01