TL;DR

• Ripple is planning to roll out the XRPL EVM sidechain by 2025.

• Coinbase’s chief legal officer criticized the U.S. SEC's unclear position on the FTX plan, stating that investors deserve “better outcomes.”

• In August, the U.S. spot Ethereum ETF saw a net inflow of $6.83 million.

• pump.fun has earned the title of "fastest-growing Dapp in revenue," bringing in $100 million in just 217 days.

• Hana Financial and SK Telecom have acquired 25% and 10% stakes, respectively, in BitGo Korea.

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Alpha of the Day

Ripple's XRPL EVM Sidechain: The 2025 Vision

Ripple has big plans up its sleeves, aiming to unleash the XRPL EVM sidechain by 2025. Think of it as the fusion of XRP's speed and Ethereum's smart contracts, like peanut butter meeting jelly on a blockchain sandwich. With this move, Ripple is setting the stage for developers to get the best of both worlds—high-speed transactions without giving up on Ethereum's smart contract capabilities. It’s like Ripple is saying, "Why choose when you can have both?" Watch out, 2025—XRPL is coming for you.

Coinbase’s Legal Slap to the SEC: We Deserve Better

Coinbase’s chief legal officer just delivered a verbal smackdown to the U.S. SEC over its vague stance on the FTX plan, calling out the regulator for leaving investors in a fog. According to him, it's high time the SEC stopped playing peek-a-boo with the rules and provided some real clarity. He argues that investors deserve more than just wishy-washy guidelines—they deserve a clear path forward. It's like trying to navigate a maze with a blindfold on, and Coinbase is over it.

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U.S. Spot Ethereum ETF Sees a $6.83M Boost in August

August was a good month for the U.S. spot Ethereum ETF, which enjoyed a sweet net inflow of $6.83 million. It’s like Ethereum said, “Summer’s not over yet!” and investors decided to keep the party going. Despite the rollercoaster that is crypto, this ETF managed to draw in the cash, proving that ETH still has plenty of gas left in the tank. For those betting on Ethereum, it seems August brought some much-needed sunshine.

pump.fun: The $100M Dapp Darling of 2023

Move over, slowpokes—pump.fun just snagged the title of the “fastest-growing Dapp in revenue,” raking in a cool $100 million in just 217 days. That’s like hitting the jackpot every other day! In a world where most Dapps struggle to make a dent, pump.fun has bulldozed its way to the top, leaving competitors eating its dust. With this kind of momentum, pump.fun is proving that it’s more than just a flash in the pan—it’s a full-blown wildfire.

Hana Financial and SK Telecom Stake Their Claim in BitGo Korea

Hana Financial and SK Telecom just made some serious moves, snapping up 25% and 10% stakes in BitGo Korea, respectively. It’s like they’ve just bought a golden ticket to the crypto vault, and they’re not planning to miss out. With these acquisitions, the two companies are signaling that they’re all-in on crypto custody and aren’t afraid to put their money where their mouths are. Korea’s crypto scene just got a lot more interesting.

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Aave Launches Sky Aave Force: DeFi’s New Superhero Squad

Aave is on a mission to make DeFi go mainstream with its latest brainchild, Sky Aave Force. Think of it as the Avengers of decentralized finance, swooping in to save the day by pushing for mass adoption. Whether you’re a DeFi newbie or a seasoned pro, Aave’s new initiative promises to make the DeFi universe more accessible and user-friendly. Get ready, because Sky Aave Force is here to turn DeFi from niche to norm.

UniSat’s PizzaSwap Test Network Takes a Breather

If you were craving some hot, fresh PizzaSwap action, you’ll have to wait a little longer. UniSat has hit the pause button on the PizzaSwap test network for some much-needed maintenance. It’s like the pizza oven overheated, and they’re taking a moment to cool things down before firing it back up. But don’t worry, UniSat promises the network will be back up and running faster than you can say “extra cheese.”

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