The S&P 500 hit an intraday record high, rising 0.6%.

Quick Take Summary is AI generated, newsroom reviewed. Cardano launches an AI Proposal Examiner to reduce governance review times from 50+ hours to minutes. Developed by GriffinAI with the Cardano Foundation under the CIP-1694 governance model. Cardano governance processed 75 proposals this year, creating significant manual strain. The AI analyzes constitution alignment, risks, and proposal summaries. Tool assists governance members but does not replace human decision-making.References X Post Reference

Quick Take Summary is AI generated, newsroom reviewed. 21Shares confirmed its U.S. spot XRP ETF (TOXR) is approved by the SEC and is set to launch on Monday. The ETF will track the CME CF XRP-Dollar Reference Rate, giving traditional investors easy, direct exposure to XRP's spot price. XRP is currently trading near $2.22 amid strong cumulative inflows (over $600 million) into existing U.S. spot XRP ETFs. The launch is viewed as a major test of XRP's liquidity and a significant step toward its normalization

- Ethena Labs' strategic accumulation of 150M ENA tokens triggered a 13% price surge, with $33.45M withdrawn from exchanges like Coinbase and Bybit. - On-chain data shows reduced circulating supply and $88.67M consolidated holdings, signaling long-term confidence in the token's trajectory. - Technical indicators (RSI 78, Bull Bear Power 0.0396) confirm bullish momentum, though overbought conditions suggest short-term volatility risks. - USDe's $62.45M reserves and $600M cumulative fees highlight protocol r

- Texas and Harvard's $5M-$443M Bitcoin ETF investments signal growing institutional adoption despite self-custody uncertainties. - BlackRock's IBIT faces $66M redemptions amid Bitcoin's $80K-$87.6K rebound, with funds shifting to Fidelity's FBTC ETF. - Technical analysts highlight $81K-$85K support recovery and $96.8K-$98K imbalance zone as critical for confirming a sustained rally. - Macroeconomic factors like Fed rate cut expectations and $4% Treasury yields create mixed conditions for Bitcoin's specula