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Crypto exchange Luno, a Digital Currency Group (DCG) subsidiary, announced via its official X account on Aug. 31 that it had obtained a Class F Digital Asset Business (DAB) license from the Bermuda Monetary Authority (BMA). The license allows Luno to offer crypto over-the-counter trading, spot trading and wallet infrastructure services in Bermuda.

Bitcoin has held on to most of its sharp August gains after rebounding from a low near $64,000 and was trading around $78,300, according to Glassnode. In a market report on Aug. 31, Glassnode said institutional investment demand remained solid across the broader crypto market, while trading activity in both spot and derivatives markets showed some slowing. The on-chain analytics firm added that price momentum remained above its statistical upper threshold, but secondary-market turnover and spot cumulative volume delta, or CVD, suggested a possible shift in taker-side supply and demand flows, while retail investor participation was also easing. In summary, Glassnode said the market appears to have entered a cautious transition phase.

A U.S. federal district court has dismissed an about $1.71 billion damages claim filed by SVB Financial Trust, the parent of Silicon Valley Bank, against the Federal Deposit Insurance Corp. after finding SVB management made decisions that exposed the bank to excessive interest-rate and liquidity risk, Reuters reported. The court found those decisions were a substantial cause of the losses tied to the bank’s 2023 collapse and said the FDIC could not be held liable for losses incurred during the disposal of assets after it took over SVB. The ruling came after a 12-day bench trial, eliminating the possibility that SVB could recover $1.7 billion from the FDIC. The FDIC had previously used the Deposit Insurance Fund, or DIF, to cover costs stemming from SVB’s failure, and the ruling also removed the possibility of additional burdens on the DIF.

Prediction market platform Kalshi said it will permanently ban former U.S. Rep. George Santos over insider trading allegations. Santos is known to have made about $18,000 by betting on a prediction market contract over whether he would attend President Donald Trump’s State of the Union address. The U.S. Commodity Futures Trading Commission concluded in July that Santos traded while in a position to influence the outcome of the event and posted false or misleading information on social media that affected market prices, completing a settlement process in the case. The CFTC banned Santos from trading for three years and ordered the disgorgement of about $17,569 in profits, along with a $17,500 civil penalty.

Solana-based memecoin issuance platform Pump.fun deposited 132,937 SOL worth $13.74 million to U.S. cryptocurrency exchange Kraken around 20 minutes ago, according to on-chain analyst EmberCN. Exchange deposits are typically interpreted as being intended for selling.

Well-known quant trader KillaXBT said Bitcoin will hit a new all-time high next year, adding that the biggest mistake would be to stay on the sidelines instead of buying. KillaXBT, who has about 223,000 followers on X, included the English phrase "Bitcoin" in the source and said that once BTC reaches a new record next year, it will no longer matter whether investors bought at $60,000, $70,000, $80,000, $90,000 or even $100,000, as those levels will eventually become prices of the past over time. KillaXBT added that staying on the sidelines means missing the opportunity.

Federal Reserve Chair Wash said U.S. economic growth appears to have strengthened somewhat.

Bitmine (BMNR) Chairman Tom Lee, whose company accumulates Ethereum through DAT, said on CNBC live television he expects Bitcoin to reach $150,000 this year. He added, "올해 펀더멘털은 견고하다" and "이제 시작일 뿐이라고 생각한다."

NYSE-listed closed-end fund C1 Fund (NYSE: CFND) said it added decentralized prediction market platform Polymarket to its portfolio as of the second quarter, expanding the number of cryptocurrency-related companies in its investment portfolio to 11 from seven at the end of last year. C1 Fund’s crypto-related portfolio includes Alchemy, BitGo, Blockchain.com, Chainalysis, ConsenSys, Figment, Fireblocks, Kraken, Polymarket, Ripple Labs and Uphold.

ICE, the parent company of the New York Stock Exchange, has signed a memorandum of understanding with tokenized securities infrastructure firm tZERO to build next-generation securities market infrastructure. Under the agreement, tZERO will serve as a design partner for digital transfer agent and broker-dealer infrastructure to support on-chain settlement on a securities token platform linked to the NYSE. ICE also plans to review ways to use tZERO’s tokenized assets for collateral management at its clearinghouses and affiliates, while participating in tZERO’s investment round. The partnership is expected to expand across investment, technology and market infrastructure.

Tom Lee, chairman of Ethereum treasury firm Bitmine (BMNR), said ETH, BTC and SOL were the three best-performing assets since June 30, adding that ETH had posted the strongest performance among major assets, The Block reported. Lee said Ethereum had outperformed the S&P 500 by 5,430 basis points so far in the third quarter, and added that cryptocurrencies had significantly outperformed other major assets over the period. Lee also said the trend had created a foundation for institutional investors to increase their crypto holdings. Separately, Bitmine said it bought an additional 53,501 ETH over the past week, bringing its total holdings to 5,901,112 ETH. The company said that amounts to about 4.9% of total ETH supply.

U.S. Treasury Secretary Scott Bessent said in an interview with CNBC that the Treasury had not bought anything in the bond market yet. Bessent added that underlying inflationary pressure was very low and stressed that interest rates are not traditionally raised when supply shocks occur.

Stablecoin market capitalization rose by about $1 billion over the past week, while trading activity on decentralized exchanges slowed, Crypto Briefing reported, citing on-chain analytics firm Lookonchain’s weekly report. According to Lookonchain, the total stablecoin market cap increased by $987.1 million over the past seven days. DEX trading volume declined overall, with DEX spot volume down 4.94% from the previous week and perpetual futures volume falling 12.74% over the same period. Crypto Briefing said capital is flowing into the market and "총알은 준비됐다".

An anonymous whale estimated to be an institutional investor transferred 52,739 ETH, worth about $129 million, to six centralized exchanges including Binance and OKX over the past two days, on-chain analyst EmberCN said. The address still holds 101,561 ETH, or about $249 million. EmberCN said the holdings were withdrawn from Coinbase at an average price of $1,700 between 2021 and 2022, deposited into Ethereum staking in 2023, and unstaked in January last year. Over the past two days, the tokens were consolidated into two wallets before being sent to multiple centralized exchanges. Exchange deposits are typically interpreted as being intended for selling.

Trader DonAlt, who predicted XRP’s 700% rise in 2024 and 2025, said Bitcoin may be preparing for further gains after holding a key support level despite heavy selling pressure. In a post on X, DonAlt added, "곧 또 다른 고지를 점하게 될 것 같다." Bitcoin surged from around $64,700 earlier this month and has recently traded sideways near $78,000 after approaching the $81,000 level.

Binance founder Changpeng Zhao said he had been skeptical about real-world asset tokenization, or RWA, but has recently changed his view and now expects the sector to grow. Speaking at EASY Residency, an incubation program hosted by YZi Labs, Binance’s investment arm formerly known as Binance Labs, Zhao said countries and companies should consider how to capitalize on RWA growth, adding that demand for tokenized assets is increasing, from U.S. Treasuries to stock tokens such as bStocks.

Microsoft founder Bill Gates said in a recent interview he would not choose cryptocurrency if he had to move U.S. dollars into another asset. He added that cryptocurrency is an asset driven purely by mania. Gates made the remarks at 'EXPRESS ADDA' on Aug. 28, local time. Gates is one of the most prominent crypto skeptics. He has previously argued that cryptocurrency is completely useless, that highly intelligent people are fooling themselves, and that crypto is a scam based on the 'greater fool theory.'

LayerZero said the architecture of its in-house layer-one blockchain Zero is capable of horizontal scaling to more than 5 million transactions per second, according to Crypto Briefing. LayerZero recently unveiled Atlas (ATLAS), a cryptocurrency trading infrastructure built on the Zero blockchain. At launch, it recorded around 200,000 TPS and latency of under one millisecond.

Strategy (MSTR) sold 6,916 BTC worth $430 million over the past two months at an average price of $62,081, then repurchased 4,603 BTC worth $370 million at the higher average price of $80,318, resulting in a loss, according to Lookonchain. Lookonchain said the recent trades amount to an $84 million loss for Strategy and added that the company appears to have shown weak trading judgment.

South Korean exchange Bithumb announced the temporary suspension of deposits and withdrawals for AVAIL starting at 2:00 p.m. UTC today due to an issue on the Avail network.

A whale wallet identified as 0xF626 received a total of 102,913 ETH worth about $248.6 million from multiple wallets 11 hours ago and deposited 2,858 ETH worth about $7 million into a centralized exchange 30 minutes ago, according to Lookonchain. The wallet still holds 100,055 ETH worth about $241.6 million.

The number of wallets holding more than $1 million in BTC rose by 11,636, or 10.4%, from 111,846 at the end of July to 123,482 at the end of August, Finbold reported, citing BitInfoCharts data. Wallets holding more than $10 million in BTC also increased 11.2% over the same period, rising from 14,009 to 15,584. The figures do not represent the actual number of BTC millionaires, however, as one person can hold multiple wallets.

The three major U.S. stock indices opened lower today. - S&P 500: -0.26% - Nasdaq: -0.15% - Dow Jones: -0.39%

Tom Lee, chairman of Bitmine’s board, shared Bitmine’s latest Ethereum holdings on X, saying the company has reached a milestone of 5.9 million ETH and is just 100,000 ETH short of its goal of holding 5% of the circulating supply. Bitmine previously disclosed that it bought an additional 53,501 ETH last week, bringing its total Ethereum holdings to 5,901,112 ETH.

Coinbase said it will support the Canadian cryptocurrency trading infrastructure of global securities trading platform Webull. Under the arrangement, Webull Canada users will be able to access crypto trading and custody services built on Coinbase’s infrastructure. The two companies have previously launched similar services in the U.S., Brazil and Australia.