The XRP community is highlighting a growing institutional-credit use case in which XRP is used as collateral. Ripple Prime has already listed XRP as eligible collateral alongside Bitcoin, RLUSD, fiat, gold and treasuries. A Sept. 8 filing by Charles Schwab to the SEC says XRP ETFs are being used as repo collateral, with usage rising quickly. The development became possible after the SEC lawsuit ended and is supported by a lending protocol implemented on the XRPL.

A UBS analyst downgraded NuScale Power to Sell and cut the price target to $6 from $10, implying 30.3% downside. The analyst expects about $700 million in cash burn from 2026 to 2028. For 2028, UBS models EBITDA of $29 million versus $124 million implied by the market’s pricing, according to the analyst. NuScale shares fell 16% on the day.

AI startup Anthropic is in talks with Nvidia to bring the chipmaker in as an anchor investor for what could become the largest IPO in history, Reuters reported, citing people familiar with the matter. Anthropic is seeking to raise as much as $100 billion, valuing the company at around $2 trillion, while Nvidia is weighing an investment of up to $10 billion. Anthropic has already committed to buy $30 billion of Microsoft Azure computing capacity powered by Nvidia chips, and in April said it would commit more than $100 billion over a decade to Amazon’s AWS while using more than 1 million of Amazon’s Trainium2 chips.

Oklo said on Friday it has launched a new $1 billion at-the-market (ATM) equity offering plan, just months after completing another program of the same size. The plan allows sales agents to sell shares at prevailing market prices, and at an estimated $40 per share a full raise would add about 25 million new shares, implying roughly 11.5% dilution for existing holders. Following the announcement, Oklo shares fell more than 9% on the day.

A pickup in U.S. inflation in August has reinforced market expectations that the Federal Reserve will raise rates by 25 basis points on Wednesday. Inflation has remained above the Fed’s 2% target, following a jobs report that also surprised to the upside. Rising U.S.-Iran tensions have also helped push oil prices above US$100 a barrel, adding another layer of uncertainty for investors weighing the market outlook.

The dollar strengthened slightly against the euro and Swiss franc after U.S. consumer prices rose 0.4% in August, lifting expectations the Federal Reserve could raise interest rates next week. Gains were limited as escalating tensions in the Middle East kept oil above $100 per barrel and added to inflation concerns. The yen firmed on speculation the Bank of Japan may hike rates, underscoring persistent uncertainty around inflation and geopolitical risks.

The White House is weighing the use of the Defense Production Act to boost U.S. refining capacity as domestic refineries run at 98% utilization and diesel tops $6 per gallon for the first time. Refinery utilization stayed above 95% for three straight months through late August, the longest stretch since 2000. The market has tightened after about 7 million bpd of capacity went offline in Asia and the Middle East and another 1.4 million bpd became unavailable in Russia, according to Phillips 66. U.S. diesel inventories are now 13% below their fiveyear average.

U.S. stocks finished higher on Friday after an acceleration in consumer prices reinforced expectations that the Federal Reserve will raise interest rates at its policy meeting on Wednesday. The Dow, S&P 500 and Nasdaq all advanced, while Dell jumped to a record high. Rate futures imply a nearly 90% chance of a hike, according to the CME FedWatch tool. Oil prices fell on the day but were still up around 9% for the week amid concerns about Middle East supply disruptions.