Bitcoin spot ETFs recorded USD 242.24 million in daily net inflows, led by BlackRock’s IBIT with USD 277.61 million.
MANTRA Chain has resumed mainnet block production after a six-day halt.
Ripple recommended withdrawing the pending XChainBridge amendment.
The crypto market saw major developments as spot Bitcoin ETFs recorded USD 242.24 million in net inflows, while Solana moves toward halving its slot time to 200 milliseconds. Also, MANTRA chain is back online after a security incident and Capital B raises EUR 21 million for Bitcoin Treasury.
According to SoSoValue, the Bitcoin spot ETF saw a total net inflow of USD 242.24 million yesterday. The Bitcoin Spot ETF with the highest net inflow yesterday was BlackRock's ETF IBIT, with a daily net inflow of USD 277.61 million, and the total historical net inflow of IBIT currently stands at USD 63.40 billion.
The second-highest was Ark Invest and 21Shares's ETF ARKB, with a daily net inflow of USD 29.75 million, and the total historical net inflow of ARKB currently stands at USD 1.43 billion.
The Bitcoin Spot ETF with the highest net outflow yesterday was Fidelity's ETF FBTC, with a daily net outflow of USD 83.63 million, and the total historical net inflow of FBTC currently stands at USD 10.24 billion
The total net asset value of Bitcoin Spot ETFs is USD 100.93 billion, with an ETF net asset ratio of 6.28%. The historical cumulative net inflow has reached USD 54.83 billion.
Solana has begun moving toward halving its network slot time from 400 milliseconds to 200 milliseconds through a staged mainnet upgrade designed to deliver faster transaction confirmations.
The rollout is being implemented through Anza’s Agave 4.2 validator software and will proceed in four separate 50-millisecond reductions, according to Solana Foundation documentation.
The planned sequence is 400 milliseconds to 350 milliseconds, then 300 milliseconds, 250 milliseconds and finally 200 milliseconds.
Each reduction has its own feature gate and activates during a later epoch, allowing developers and validators to stop the rollout if skipped blocks increase or network reliability deteriorates.
Also Read: Bitcoin vs Currency Debasement: Why Investors Turn to BTC When the Dollar Weakens
MANTRA Chain restored mainnet block production on v8.4.0 six days after a security incident forced a chainwide halt.
The promised technical account remains unpublished, leaving the exploitation of the upstream dependency and the activity inside two project-managed wallets unexplained.
MANTRA said its analysis found that the incident affected two MANTRA-managed wallets and that no user, exchange, or partner funds were affected.
Ripple has recommended withdrawing the XRP Ledger’s pending XChainBridge amendment after concluding that its primary use case is already served by Axelar and broader developer demand has not emerged.
Mayukha Vadari, a senior software engineer at RippleX, announced the recommendation on Aug. 27. XChainBridge, also known as XLS-38, remains in the XRPL validator voting process and has not been activated on the mainnet.
Ripple estimated that withdrawing the proposal would allow developers to remove more than 10,000 lines of code from xrpld, the server software that powers the network.
Capital B announced a EUR 21 million private placement on August 28 involving institutional investors, including Blockstream co-founder Adam Back and Paris-based asset manager TOBAM, to fund its Bitcoin treasury strategy.
The company will issue 36,219,070 shares with four subscription warrants attached to each share. Investors subscribed at EUR 0.58 per unit, producing gross proceeds of €LEUR 21,007,060.60.
Capital B expects approximately EUR 19.9 million in net proceeds after placement fees and other transaction expenses. The company said the financing, combined with operating resources, ‘could enable’ it to acquire another 270 Bitcoin.
Also Read: Ethereum DeFi Liquidations Explained: How a 3% Token Move Triggered USD 36 Million in Liquidations
1. How much did Bitcoin spot ETFs receive in net inflows?
Bitcoin spot ETFs recorded USD 242.24 million in net inflows. BlackRock’s IBIT led with USD 277.61 million, while Fidelity’s FBTC saw USD 83.63 million in outflows.
2. Why is Solana reducing its slot time?
Solana plans to reduce slot time from 400 milliseconds to 200 milliseconds to improve transaction confirmation speed. The upgrade will happen gradually through four 50-millisecond reductions to monitor network stability.
3. Is MANTRA Chain back online?
Yes. MANTRA Chain restored mainnet block production using version 8.4.0 six days after a security incident forced a network-wide halt, although its full technical report remains unpublished.
4. Why does Ripple want to withdraw the XChainBridge amendment?
Ripple believes the amendment’s main use case is already served by Axelar and that broader developer demand has not materialized. Removing it could also eliminate more than 10,000 lines of code from xrpld.
5. How will Capital B use its EUR 21 million funding?
Capital B said the private placement will support its Bitcoin treasury strategy. After expenses, it expects about EUR 19.9 million in net proceeds, which could help fund the purchase of roughly 270 additional Bitcoin.
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