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AI & Enterprise

Space Value unveils AI-based nationwide condominium collateral rating lookup system

Space Value, operator of the AI real estate finance service Piper, said on Aug. 20 it published a report with Prime Appraisal that rates the recoverability of collateral loans for all condominium-type buildings nationwide in five tiers. The company also opened an online lookup system on its Piper Pro platform for financial institutions and real estate professionals. Ratings are calculated using an in-house machine learning model.

Crypto

XRP whales accumulate 642 million near $1 on hopes for U.S. SEC easing

Large XRP holders accumulated more than 642 million XRP near the psychological support level of $1 as the U.S. Securities and Exchange Commission proposed measures to ease token fundraising rules. XRP traded around $1.0052 as broader crypto markets stabilised after last week’s drop. Big wallets increased holdings through additional purchases in early and mid-August, while large-value XRPL transactions surged. Ripple also raised funds via a private bond sale and reported diverging RLUSD burn trends across chains.

Industry

American Airlines to reinstall seatback screens, expand premium seating

American Airlines is expanding seatback entertainment screens that it had previously reduced, pairing them with onboard internet to strengthen the passenger experience. The airline plans to install screens on about 800 single-aisle aircraft, including new Airbus and Boeing jets and retrofits. New aircraft with screens will enter service from 2028, with retrofits beginning in 2028 and running into the early 2030s. It also plans to increase premium seating.