Ripple hires former PayPal and Google executive as its new Director of Developer Relations.

Patrick Witt, executive director of the White House Digital Asset Advisory Council, said progress has been made on all disagreements surrounding the CLARITY Act, and he is optimistic about the bill’s advancement. “I feel pretty good about this,” Witt stated. Earlier reports noted Witt had previously mentioned the CLARITY Act currently has only a few remaining contentious issues, including ethical provisions, stablecoin rewards, and returns, with related negotiations ongoing. The bill is slated for a key procedural vote in the U.S. Senate on September 15.

The Cardano Developer Portal has published an interview with Maximilian, founder of ODATANO. ODATANO is a Cardano integration tool for SAP enterprise environments, which encapsulates the Cardano blockchain into a standard OData V4 API, allowing enterprise developers familiar with the SAP development ecosystem to integrate with Cardano without deep expertise in underlying blockchain technologies. Maximilian stated that traditional SAP developers aiming to connect business processes to Cardano usually need to master technologies including the UTxO model, transaction construction, CBOR serialization, fee calculation, collateral, and key management. ODATANO encapsulates these complex blockchain operations in a service layer, enabling Cardano to connect to SAP applications as a standard OData service. Currently, ODATANO offers 31 entities and functions such as data reading, transaction construction, and signing, supporting queries of blocks, addresses, UTxOs, assets, and protocol parameters, as well as transaction construction, signing, and submission. The project can run as an SAP CAP plugin or be deployed independently. Maximilian also introduced reference applications built on ODATANO, including TRACE, QUANTIX, FINCA, and x402. Among them, QUANTIX is an oracle-based B2B raw material procurement and settlement application that won the 2026 Charli3 Oracle Hackathon. According to the Cardano Developer Portal, ODATANO received funding through Cardano Catalyst Fund 14. The project is currently developed solely by Maximilian, with 1,285 automated tests completed and a code statement coverage rate of 99%.

CryptoRank reported that in 2026, the market capitalization concentration of the top 100 crypto assets (excluding stablecoins) has rebounded to the level seen in 2021. Among them, the "crypto version of the Magnificent 7" collectively accounts for 92.1% of the total market cap of these top 100 assets, with BTC alone taking up 66.6%—a significant increase compared to five years ago. This means the current crypto market growth is increasingly reliant on a small number of leading assets, while the broader altcoin market has seen a notable decline in its share of funding.

According to EmberCN’s monitoring, amid tonight’s market downturn, the largest long position holder on Hyperliquid has seen their roughly $233 million in long positions flip from profit to loss, with an unrealized loss of around $3.39 million. The address previously closed $537 million in long positions on August 25, booking a $61.72 million profit, before reopening long positions on August 28. Currently, it holds approximately 1,400 BTC (valued at ~$110 million) with an average entry price of $78,672, resulting in an unrealized loss of ~$1.94 million; it also holds 50,000 ETH (valued at ~$123 million) with an average entry price of $2,469, for an unrealized loss of ~$1.45 million. Notably, the long positions this address established in May were stuck in losses for about three months, with the maximum unrealized loss once hitting $120 million. It finally broke even and exited with a $61.72 million profit in August, and now its newly reopened long positions are again in unrealized loss.

On-chain risk coverage platform OpenCover has announced it is expanding its institutional-grade risk protection to the Solana network. Eligible positions can now access coverage, with the initial rollout covering Kamino, Raydium, Orca, and Jupiter. Specific coverage scope, limits, and terms vary by protocol and position. OpenCover primarily provides on-chain risk protection for DeFi users, connecting them to underwriters including Nexus Mutual. Following this expansion, Solana ecosystem users can now purchase coverage for risks such as smart contract vulnerabilities, oracle failures or manipulation, liquidation failures, and governance attacks. According to a prior announcement from Nexus Mutual, it has now launched four coverage products on Solana for Kamino, Raydium, Orca, and Jupiter, covering nearly 90% of the Solana lending market’s total funds. Of these, Kamino and Jupiter hold over $1 billion and $925 million in lending deposits respectively. OpenCover noted that this launch marks the start of its further expansion of risk transfer infrastructure on Solana, and it will subsequently partner with protocols, asset management firms, and liquidity providers to expand the range of positions eligible for coverage.

Beating AI News Flash: Financial AI platform Rogo has secured an additional ~$30 million in strategic investment, with Citigroup, Barclays, BNP Paribas, MUFG, and Société Générale all participating. Adding to its existing strategic investors JPMorgan Chase, Wells Fargo, and Truist, at least eight banks now hold strategic stakes in Rogo. Originally focused on building models, creating presentations, and conducting research for investment banks, Rogo has expanded its services to offer AI assistants for bank wealth management advisors. The tool can audit client portfolios, analyze client relationships, and help advisors develop more personalized recommendations. Major banks including JPMorgan Chase and Bank of America are already using Rogo. Rogo closed a $160 million Series D funding round in April this year, which valued the firm at $2 billion. No new valuation was disclosed in this latest strategic investment.