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On August 26, Tasnim News Agency reported that Iranian Deputy Foreign Minister Karimi Babadi stated that the memorandum of understanding reached between Iran and Oman regarding the Strait of Hormuz does not mean that the strait will reopen starting tomorrow. He noted that for the past 58 years, vessels have primarily passed through Omani waters, causing significant harm to Iran. The Strait of Hormuz has now become a national security issue for Iran, necessitating adjustments to the entry and exit routes. According to the agreement, routes entering and leaving the Persian Gulf will pass through Iranian and Omani waters respectively, which he described as a 'two-way highway' approximately 7 nautical miles wide. Karimi Babadi pointed out that this waterway is temporary, and both sides will negotiate to determine a permanent route within 30 to 60 days.

Over the weekend, the price of XRP (XRP) compared to Ether (ETH) reached its highest level in five years, continuing its recovery. On March 15, the XRP/ETH pair hit 0.00128 ETH for the first time since April 2020, marking a 925% rebound from its all-time low in June 2024 and around 620% gains since November 2024. Market watchers are speculating that XRP could surpass Ether to become the second-largest cryptocurrency by market capitalization, with historical resistance levels indicating potential for significant rallies. XRP's market dominance has increased significantly since November 2024, while Ethereum has seen a decline in market share due to regulatory sentiment and competition from other blockchains like Solana.

Marc Zeller, founder of Aave Chan Initiative, posted on X that there may soon be a vote to decide whether to turn on the "fee switch" and distribute fees to holders. It is reported that Aave DAO's current net profit totals about $60 million per year, reflecting five years of operating costs.