The Blockchain In Daily

A chain is only as strong as its blocks—keep stacking signal.

Prices (USD, inline):
BTC $108,411.03 🔴↓ | ETH $4,356.40 🟢↑ | SOL $200.00 🔴↓ | BNB $854.71 🟢↑ | XRP $2.79 🔴↓ | ADA $0.8117🔴↓ | AVAX $23.55 🔴↓ | DOGE $0.2142 🟢↑ | DOT $3.76 🔴↓

Quick Index ⚡️
📉 $500M+ in 24h liquidations as BTC hovers near $108K.
🏛️ SEC’s Mark Uyeda: agency will clarify which tokens are securities.
🇸🇻 El Salvador splits state BTC into multiple wallets, adds public dashboard.
🧱 Google Cloud details its “Universal Ledger” L1 for institutional payments.
🧪 Ethereum Foundation outlines L2 interoperability framework.
🔧 Conflux activates v3.0.1 hard fork today to boost EVM compatibility.

Markets
A choppy Friday saw crypto derivatives flush as prices slid into the weekend. Across majors, more than half a billion dollars in leveraged positions were wiped in the last 24 hours, with BTC trading around $108K and ETH near $4.35K as risk assets softened after U.S. inflation data. For traders, the message was clear: keep an eye on funding, OI, and skew as liquidity thins into month-end. (According to Decrypt and Yahoo Finance’s market wrap.)

Spot bitcoin ETFs posted net outflows into Friday’s close, adding to the defensive tone. Farside Investors’ daily tracker showed negative aggregate flows on Aug. 29, a reversal from earlier in the week, while desks flagged month-end hedging and macro uncertainty as drivers. If outflows persist, BTC could remain pinned near key realized-cost levels into next week. (Data summarized from Farside’s ETF flow dashboard and CoinDesk’s day-ahead brief.)

Regulation
SEC Commissioner Mark Uyeda said the agency will make clear which digital tokens are securities—a signal that Washington aims to reduce ambiguity as new crypto ETPs and tokenization proposals stack up. Greater clarity on the security/commodity line would shape listings, disclosures, and enforcement priorities through year-end. (Comments aired on Bloomberg Technology.)

In Asia, Hong Kong’s Financial Services and the Treasury Bureau and the SFC closed their consultation on new rules for dealing in virtual assets on Aug. 29. The package points to tighter licensing on intermediation and investor safeguards—another step in the city’s regulated-first approach that continues to draw institutional attention. (As noted by Digital Policy Alert’s consultation tracker.)

Adoption
El Salvador said it will distribute state-held bitcoin across multiple addresses—capping each at ~500 BTC—and publish a live dashboard to track total reserves. The move is framed as a security and transparency upgrade for the nation’s BTC treasury and keeps the country’s crypto experiment in the global spotlight. (According to Reuters.)

Tech & Innovation
Google Cloud shared fresh details on its institutional-focused Layer-1, the “Universal Ledger” (GCUL), positioning it as a credibly neutral blockchain for programmable payments and tokenization. Early testing with CME Group and support for Python-based smart contracts suggest a bid to plug directly into TradFi workflows if pilots scale. (Coverage from CoinDesk and industry briefings.)

The Ethereum Foundation highlighted work toward making Layer-2s “feel like one chain,” floating designs that could tighten L2 interoperability and UX in coming upgrades. If implemented, the changes would reduce friction for users and devs moving across rollups—potentially boosting DeFi and payments activity on Ethereum. (As outlined by The Block.)

Meanwhile, Conflux activates its v3.0.1 hard fork today, adding EVM-compatibility improvements and optimizations ahead of September milestones. For multi-chain teams, these tweaks can lower integration costs and widen tooling support. (Flagged in CoinDesk’s Daybook update.)

—
That’s the wrap. Keep riding with The Blockchain In Daily—your first, fastest block of market moves, policy shifts, and shipped code, every day.