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Crypto custody firm BitGo has established Brazilian subsidiary BitGo Brasil Tecnologia and is moving ahead with its local business expansion, Crypto Briefing reported. The company plans to provide cryptocurrency custody and digital asset treasury management services to financial institutions in Brazil, including banks, securities firms and asset managers.

Bitcoin is undervalued, with a fair value of about $105,000 under Metcalfe's Law, Morgan Creek Capital Management CEO Mark Yusko said in an interview with Bitcoin Magazine. Yusko said Bitcoin was trading at about $75,000 and called it a good time to buy. He added that Bitcoin is the best way to protect personal assets, while long-term corporate investment is not a good option. Over the past 30 years, 85% of companies have disappeared, Yusko said, adding that what people really need is an asset that preserves value. Historically, gold played that role for 5,000 years, and investors now have both gold and Bitcoin, he said.

U.S. SEC Chairman Paul Atkins said the agency would provide regulatory clarity on cryptocurrencies regardless of whether legislation is enacted and asked the market to keep watching, Watcher.Guru reported.

The U.S. House Ways and Means Committee approved the Digital Asset Tax Clarification Act, H.R.10357, in a 38-5 vote and sent it to the full House, CoinDesk reported. The bill would ease tax reporting burdens for everyday small-value payments made with cryptocurrencies and set clearer tax standards for digital asset income recognition, asset transfers, wash sales, mining and staking, and brokers. It also includes a $10 de minimis tax exemption for small transactions.

Spot trading volume on Solana-based decentralized exchanges exceeded the combined volume of Coinbase and Kraken, according to Crypto Briefing. From June 12 to 18, Solana DEXs recorded about $7.19 billion in spot volume, compared with about $6 billion for Coinbase and about $4 billion for Kraken over the same period. Crypto Briefing said Solana’s on-chain trading ecosystem has grown to a level comparable with major centralized exchanges.

U.S. crypto bank Anchorage Digital Bank has begun offering custody support for Etherlink, an EVM-compatible layer-two network based on Tezos (XTZ), as well as seven Etherlink-based assets, Cointelegraph reported. The supported assets include xU3O8, a tokenized claim on physical uranium ownership, along with WXTZ, stXTZ, USDT, USDC, USDSM and WETH.

Bitcoin has slipped below the lower end of the range it had held since late August and was trading near $76,000 after falling about 4.6% on the week, according to a Glassnode report. The report said the price was slightly below the range floor maintained since late August and has remained under that level after declining alongside the U.S. Senate vote on the Clarity Act. It added that BTC was trading about 1% below the True Market Mean, or TMM, at $76,700, which reflects the average acquisition price of active BTC excluding long-dormant holdings. Glassnode said the next key level to watch is around $71,300, the short-term holder cost basis, which represents the average purchase price of Bitcoin bought over the past five months.

Aave founder Stani Kulechov said DeFi may need to take the 'Uber path' after a procedural vote on the CLARITY bill failed in the U.S. Senate. Kulechov said the 'Uber path' means building a service used by millions first, rather than waiting for a regulatory framework to be established, and proving the technology’s real-world effectiveness. He added that the approach would expand the industry’s influence to a point where policymakers would have little choice but to develop regulatory measures, meaning the sector should broaden real-world use cases and its user base before legislation is in place.

DEX aggregator 1inch is adding support for Arc, Circle’s layer-one blockchain optimized for USDC, Unfolded reported.

Garrett Jin, founder of BitForex and the subject of allegations that he profited from insider trading ahead of last October’s biggest-ever forced liquidation event, added 5,000 ZEC to a short position. The total ZEC short position increased to 37,759.57 ZEC, worth about $47.35 million, with an unrealized loss of $22 million.

Binance co-founder Changpeng Zhao, better known as CZ, said every market decline is an opportunity in comments on the recent pullback in the cryptocurrency market. Zhao did not mention any specific cryptocurrency or buying timing.

U.S. CFTC Chairman Mike Selig described the Senate’s failed procedural vote on the Clarity bill as a regrettable outcome and said the agency would pursue rules for the cryptocurrency market using its authority under current law, BlockBeats reported. Selig said Americans deserve regulatory clarity, legal certainty and consumer protection in the cryptocurrency market. Selig added that President Donald Trump has laid out a policy of building a forward-looking regulatory framework for the crypto market and that the CFTC will continue related work within the authority granted by existing law. Selig also said the United States is now, and will remain, the center of the global cryptocurrency industry.

Private credit infrastructure firm Tare has raised $13.25 million in seed funding, Fortune reported. The round was led by Blockchain Capital and included Janus Henderson, Strobe Ventures, VentureDebt, Neoclassic Capital and the Avalanche Foundation. Investors also included Aave CEO Stani Kulechov, Tether co-founder Phil Potter and Privy CEO Henri Stern. Tare did not disclose its valuation and plans to use the funding to build Avalanche-based loan management software.

Startup Iris has raised $43 million to provide onchain financial services to telecom operators through Avalanche, according to Crypto Briefing. The sole investor was Balesia Group, a telecom family office in the Americas, with the full amount coming from a single backer. Iris operates its platform on a dedicated Avalanche Layer 1 blockchain and is currently supporting onchain real-time payment and settlement operations for telecom providers based in Bolivia and Mexico.

Prometheum Capital, HashKey and Velocity Capital have signed an MOU to support trading in tokenized U.S. stocks, ETFs and Treasuries for eligible overseas investors through the HashKey exchange, The Block reported. The tokens would be backed by securities held at the Depository Trust Company, and the tie-up would connect Prometheum’s compliant custody and trading infrastructure with overseas crypto market distribution networks and a DTCC tokenization service planned for launch in the fourth quarter of 2026, according to The Block. The project still requires final agreements, regulatory approvals and technical integration.

Robinhood said it plans to support Arc, Circle’s blockchain. As a result, users will be able to deposit and withdraw USDC directly through networks supported by Robinhood.

ProCap Financial (BRR), led by Anthony Pompliano, sold 50 BTC to repurchase 2.2% of its common stock, BitcoinTreasuries reported. The sale reduced ProCap Financial’s Bitcoin holdings to 5,254 BTC. Shares repurchased by the company so far account for 12.2% of total shares outstanding.

RWA platform Theo has launched thSLVR, a tokenized silver product, CoinDesk reported. The product has secured $40 million in silver lease commitments. thSLVR is designed to maintain exposure to silver prices while distributing lease fees paid by institutional borrowers to token holders. With the launch, Theo has expanded its commodity finance business beyond its existing gold-focused operations into silver and plans to use thSLVR as a backing asset for its stablecoin thUSD.

U.S. House committees are continuing work on crypto-related legislation even as Senate passage of the Clarity Act has effectively become difficult, Eleanor Terrett, host of the U.S. podcast "Crypto In America," said. According to Terrett, the House Ways and Means Committee is holding a markup today on H.R.10357, the Digital Asset Tax Clarity Act, which covers the tax framework for digital assets. At the same time, the House Financial Services Committee is beginning markup on multiple bills, including H.R.8957, the Reserve Modernization Act, a bill on a strategic Bitcoin reserve introduced by Rep. Nick Begich. Markup is the process in which a committee reviews a bill, considers amendments, and decides whether to advance it to the full chamber.

A total of 3,790 BTC that had been long dormant moved between Sept. 1 and Sept. 15, according to Bitcoin News. The coins came from wallets created between 2010 and 2017, including 113 BTC, worth about $8.8 million, that moved for the first time since 2013. The largest transfer was 1,260 BTC from a wallet created in 2016 on Sept. 6. Bitcoin News said 62% of dormant BTC moved this month was transferred over the weekend.

The bankruptcy estate of failed crypto lender Celsius has filed a roughly $495 million lawsuit against BitMEX, alleging the exchange seized 6,360 BTC through market manipulation and improper liquidations during Bitcoin’s sharp decline in March 2020, CryptoSlate reported. The suit was filed ahead of BitMEX’s planned Sept. 23 shutdown of exchange operations.

The three major U.S. stock indices opened higher today. - S&P 500: +0.30% - Nasdaq: +0.50% - Dow Jones: +0.10%

Coinbase announced the addition of BLUECHIP and RITUAL to its listing roadmap.

Aave Labs plans to build a dedicated lending market for tokenized real-world assets on Avalanche, The Defiant reported. According to the report, USA₮, a dollar stablecoin issued by Anchorage Digital Bank, will be used as collateral. Institutions will be able to borrow USA₮ by pledging tokenized real-world assets as collateral without selling them. Aave said the goal is to create an environment where asset tokens can be used as on-chain collateral through the dedicated lending market.

Ondo Finance said its subsidiary Oasis Pro Markets has joined the Depository Trust & Clearing Corporation’s Fund/SERV, a fund transaction processing network in the United States, becoming the first tokenization company to do so. The network handles more than 85% of U.S. mutual fund transactions, and the move will allow Ondo to connect with fund managers and asset management platforms while standardizing transaction processing, settlement, dividends and reporting for tokenized funds.