Aug 29, 2026 · 4 min listen · Last updated August 29, 2026
From storyflo. This is your daily audio brief. It's Dex, August 29th. Here's what I'd flag across crypto and the alpha desk this morning. Let's get into it. First, from CryptoSlate. Kraken and Galaxy flipped late as Solana approved a major supply cut.
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Daily Crypto Brief · August 29th
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Kraken and Galaxy flipped late as Solana approved a major supply cut
Solana’s governance proposal SGP-0002 passed with 176.29 million SOL in favor, a solid 72.7% support from the decisive stake. This move aims to double the annual disinflation rate from 15% to 30%, potentially reducing the total SOL issuance by about 18.89 million over six years. However, the actual implementation hinges on the technical rollout through SIMD-0550, which is still in the works.
What’s interesting is how validators from Kraken and Galaxy shifted their votes just before the deadline, showcasing the political drama behind the scenes. This vote highlights the ongoing tension between those advocating for reduced issuance and those concerned about staking yields. So, while Solana has set a clear direction, the real test will be in how smoothly they can implement these changes.
For listeners who want low-fee crypto exposure, our markets partner Kraken supports SOL — link in show notes.
Kraken builds comprehensive wallet for onchain financial life
Kraken's wallet evolution signifies a shift towards integrated onchain services, challenging traditional exchanges and enhancing user engagement. The post Kraken builds comprehensive wallet for onchain financial life appeared first on Crypto Briefing.
BIS chief says stablecoins lack credibility for large-scale payments, pushes tokenized deposits instead
Tokenized deposits could reshape financial systems by enhancing stability and compliance, potentially impacting global monetary sovereignty and banking. The post BIS chief says stablecoins lack credibility for large-scale payments, pushes tokenized deposits instead appeared first on Crypto Briefing.
Aptos integrates Circle’s CCTP V2 for rapid USDC transfers
Aptos' integration of CCTP V2 enhances DeFi automation and cross-chain liquidity, potentially transforming decentralized finance operations. The post Aptos integrates Circle’s CCTP V2 for rapid USDC transfers appeared first on Crypto Briefing.
XRP, Shiba Inu (SHIB), Stellar (XLM) and Bitcoin (BTC) Price Analysis for August 28: Moment Where Bulls Should Take the Lead
XRP is currently at $1.42 after a strong August rally that briefly peaked at $1.70. It’s still above key moving averages, particularly the 200-day at $1.35, which suggests a solid technical foundation. As long as it holds the $1.35–$1.40 range, it could set the stage for another move toward $1.50 and beyond.
Shiba Inu, on the other hand, is trading around $0.00000530, having struggled to break past the critical resistance at $0.00000572. It’s showing signs of improvement with a support cluster around $0.00000470–$0.00000500, but it needs to reclaim that 200-day average to signal a more significant reversal.
Stellar is trying to hold its ground at $0.184 after a rally that peaked above $0.22. The immediate resistance is at the 200-day moving average near $0.190. If it can stay above the support zone between $0.176 and $0.182, it might consolidate before making another attempt to break higher.
Bitcoin has made a notable leap to around $79,360, up from about $63,000, but it’s facing resistance between $80,000 and $82,000. The 200-day moving average is now at $72,060, providing a solid support base. However, with RSI in overbought territory at 77, a pullback or consolidation might be necessary for sustained growth.
For listeners who want low-fee crypto exposure, our markets partner Kraken supports Bitcoin — link in show notes.
Capital B’s €21 million Bitcoin raise comes with heavy warrant dilution risk
Capital B is raising €21 million to buy an additional 270 Bitcoin, but there’s a catch with warrant dilution. They’re doing a private placement of over 36 million shares at €0.58 each, which will leave the Bitcoin backing per diluted share almost unchanged—down just 0.02%. This means they’re not really improving their position in the short term.
However, the attached warrants could create significant dilution down the line. If all warrants are exercised, the total shares could balloon, dropping Bitcoin per million shares to about 5.67 BTC, which is a 24.1% decline from before the placement. So, while the immediate impact seems flat, the long-term picture could shift depending on how those warrants play out.
For listeners who want low-fee crypto exposure, our markets partner Kraken supports Bitcoin — link in show notes.