Stacks Successfully Activates PoX-5, Laying the Foundation for Bitcoin Staking

Shiba Inu (SHIB) rose 13.4% in August 2026, driven by Japan's FSA approving it on a Nomura-backed exchange and a technical breakout. However, over 260 billion SHIB tokens flowed into exchanges, signaling potential profit-taking. Investors should monitor exchange flows and price action around the 200-day moving average.

Bitcoin fell 3.01% to US$77,838 on August 28, 2026, after Fed Chair Kevin Warsh's hawkish speech. Ethereum, Solana, and XRP also declined. Warsh's comments increased expectations of a September rate hike, leading to liquidations in leveraged crypto positions.

Solana's on-chain vote approved SGP-0002, doubling the annual SOL disinflation rate from 15% to 30%. The proposal, backed by 176.29M SOL, aims to reduce issuance by 18.9M SOL over six years. Staking rewards may drop from 5.84% to 2.25% over three years. Implementation requires software updates. SGP-0001, a governance rule proposal, also passed.

Solana validators approved a measure to double the annual reduction of SOL emissions from 15% to 30%, retaining a 1.5% long-term inflation target. The change, supported by 67% of voters, will reduce emissions by 18.9 million SOL over six years, balancing supply and staking rewards. This follows significant inflows into US Solana ETFs, with Bitwise's product surpassing $1 billion in assets. Key players had divided positions, and the vote marked Solana's first binding governance process.

Solana (SOL) rose 8% after breaking $100, with $21M in short liquidations. Charles Schwab added SOL to its platform. SOL ETFs saw 7-day inflows of $104M. A vote to reduce SOL inflation is underway. Trading volumes surged 66%, with SOL nearing a $120 target.

Bitwise's Solana ETF (BSOL) reached $1.017 billion in assets, holding 9.33 million SOL tokens. It's the first Solana ETF to hit this milestone, with a 0.56% premium to its net asset value. SOL was trading at $102.65 on Aug. 28.