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Ten South Korean banks, including KB Kookmin Bank, Shinhan Bank and Woori Bank, have begun working-level consultations on Pangea, a South Korea-Europe stablecoin remittance project, Money Today reported. Pangea is a proof-of-concept project aimed at developing a stablecoin-based remittance model involving Unica, a South Korean banking consortium, and Kivallis, a European banking community. Cross-border remittances have traditionally taken several days as they had to pass through SWIFT and other intermediary institutions, while the use of stablecoins is expected to streamline the process.

Galaxy Digital deposited 95,270 HYPE, worth about $8.11 million, to Bybit and OKX over the past four hours, according to Onchain Lens. Exchange deposits are typically seen as a sign of potential selling.

Amar Kuchinad, CEO of cryptocurrency custody firm Copper, has stepped down, CoinDesk reported. Copper’s search for a buyer has now stretched into a fourth month. Cantor Fitzgerald was selected to oversee the sale, with an asking price of $500 million. But actual acquisition offers were running at around $200 million, according to a report last month, far below the more than $2 billion valuation Copper had once received.

U.S. spot Bitcoin ETFs still show roughly $1 billion in net outflows for the year despite recent large inflows, Cryptopolitan reported. Data as of Sept. 8 showed major Bitcoin ETFs including BlackRock’s IBIT and Fidelity’s FBTC had seen sustained net outflows for a considerable period, though recent strong inflows recouped most of those losses. The inflows were concentrated over a short period. Net inflows reached about $3.8 billion during the three weeks through early September, including $730.9 million on Sept. 3 alone. For the week through Sept. 5, net inflows totaled $986.9 million, narrowing cumulative net outflows since the start of the year to under $1 billion.

A South Korean parliamentary budget office report estimated that if won-denominated stablecoins replace existing credit card payments, annual cost savings could range from 370 billion won ($273 million) to 5.15 trillion won ($3.8 billion), Edaily reported. According to the report on stablecoins' impact on financial markets and policy implications, the office attributed the potential savings to a blockchain-based direct payment structure. The office added, however, that wider stablecoin use in payments could weigh on the existing financial industry. Lower merchant fees could reduce card companies' earnings, while a shift of funds into stablecoins could shrink bank deposits and weaken financial intermediation, according to the report.

Stellar stablecoin transfer volume rose 50% over 30 days to $8.92 billion, Cointelegraph reported. Over the same period, stablecoin supply fell 11.7% to $387.9 million.

According to CME FedWatch, the Federal Reserve has a 40.6% chance of holding rates steady in September and a 59.4% chance of a 25-basis-point hike. By October, the probability of rates remaining unchanged stands at 29.8%, while the cumulative odds of a 25-basis-point increase are 54.4% and the cumulative odds of a 50-basis-point increase are 15.8%.

The value of virtual assets gifted to minor children in South Korea nearly tripled in a year, JoongAng Ilbo reported. Data from the office of Democratic Party lawmaker Chung Tae-ho, a member of the National Assembly’s Strategy and Finance Committee, showed total cryptocurrency inheritance and gift cases reached 423 cases worth 45.862 billion won last year. That was up 2.4 times in case count and 3.4 times in value from a year earlier. Of that total, virtual assets gifted to minors age 18 and under came to 4.034 billion won last year, up 2.7 times from 1.47 billion won in 2024. The number of such gift cases rose to 103 from 53, nearly doubling in a year. Gifts to minors accounted for about one-third of all 360 gift cases last year, while cases involving children age 11 and under increased notably to 65 from 28.

Plattsburgh, New York, is considering a 12-month halt on new permits for cryptocurrency mining and AI data centers, among other high-power computing facilities, Cointelegraph reported. According to the report, the city recently held a public hearing on a proposed ordinance that would temporarily restrict land use for certain high-power computing facilities, including crypto mining and AI data centers. If approved, the measure would suspend new permits for related facilities requiring over 300 kilowatts of power for 12 months. Plattsburgh Mayor Wendell Hughes has not approved the ordinance so far, and the city council is scheduled to hold another meeting on Sept. 17.

U.S.-listed Bitcoin mining company CleanSpark mined 593 BTC in August, Crypto Briefing reported. As of Aug. 31, CleanSpark held 13,703 BTC, while its cumulative Bitcoin production for the year stood at 4,900 BTC at the end of August.

ARK Invest has applied to the U.S. SEC for approval to introduce tokenized interests using distributed ledger technology, or DLT, in its venture fund, The Defiant reported. The ARK Venture Fund is a closed-end interval fund that continuously accepts investors and had $562 million in total assets as of Jan. 31, according to the report. The fund targeted for tokenization is separate from the ARK Innovation ETF, or ARKK, which has about $6.55 billion in assets.

Coinbase announced the addition of Concrete (CP) to its listing roadmap.

Steve Witkoff, President Donald Trump’s envoy, generated $107 million in income through his holding company in 2025, more than triple the $34 million reported a year earlier, The Block reported, citing Bloomberg. According to the report, Witkoff held a stake in World Liberty Financial (WLFI), a cryptocurrency project linked to the Trump family, through that holding company. It added that the financial disclosure did not separately specify how much of the total income came directly from WLFI, making it difficult to tie the entire increase to the crypto business. The outlet described Witkoff as a WLFI co-founder and said Jack Witkoff, Steve Witkoff’s son, is currently the project’s CEO.

Jack Dorsey-founded payments company Block has applied for a U.S. federal national trust bank charter to offer Bitcoin custody services, Crypto Briefing reported. The company is currently seeking to establish Builders Bank, a non-deposit national trust bank. If approved, Builders Bank would be able to provide custody services for digital assets including BTC under the supervision of the U.S. Office of the Comptroller of the Currency, or OCC.

Nasdaq-listed DeFi Development (DFDV) has completed an $11 million sale of CHAD preferred stock, with the proceeds set to be used for additional SOL purchases, The Block reported. CHAD is a floating-rate Series C perpetual preferred stock with an initial annual dividend rate of 13%. Based on the offering price, the initial effective yield is around 16.25%, and the first regular dividend is scheduled to be paid on Oct. 1. Fundstrat’s Tom Lee also participated in the offering.

The three major U.S. stock indices closed lower today. - S&P 500: -0.43% - Nasdaq: -0.25% - Dow Jones: -1.05%

Utah authorities can enforce gambling-related laws against U.S. prediction market platform Kalshi after an emergency injunction request filed during the company’s appeal was denied, CoinGape reported. Legal expert Daniel Wallach said on X that the U.S. Court of Appeals for the 10th Circuit denied Kalshi’s request for an injunction pending appeal. Wallach said Kalshi had asked the court to block Utah from pursuing civil or criminal action against the company while the appeal moves forward. Kalshi argues its sports event contracts qualify as swaps, giving the U.S. Commodity Futures Trading Commission exclusive oversight, while multiple state governments maintain the products are effectively sports betting and therefore subject to state regulation.

Ripple Chief Legal Officer Stuart Alderoty said he asked Senate offices representing lawmakers opposed to the Clarity Act or still undecided to meet directly with actual U.S. cryptocurrency holders before the vote. In a post on X, Alderoty said he personally conveyed the request to Senate offices, adding the meetings should involve ordinary people who hold crypto and have their own stories, rather than lobbyists or industry executives. He said about 67 million people in the U.S. currently hold cryptocurrency and should have a chance to make their voices heard because they will be affected by the vote.

CryptoQuant CEO Ki Young Ju said on X the current consensus among Bitcoin analysts is "STRONG BUY."

The Compound Foundation has launched a lending service exclusively for institutional investors, Crypto Briefing reported. Access is limited to pre-screened institutions, while collateral assets, loan-to-value ratios and risk management are operated separately from the broader market. The structure allows regulated financial institutions to use Compound’s lending infrastructure in a distinct environment.

Malone Lam, identified as the ringleader of a group accused of stealing about $240 million worth of Bitcoin in the United States, pleaded guilty to a racketeering conspiracy charge brought by U.S. prosecutors, the AP reported. The case is one of the largest thefts in U.S. crypto crime history, and Lam is accused of using social engineering with accomplices in August 2024 to deceive a victim and steal more than 4,100 BTC. Lam could face up to 20 years in prison and is the 11th of the 18 defendants charged in the case to plead guilty.

Iran and the U.S. are exchanging views on negotiation options and conditions through a mediator, according to Alhadath, a Saudi Arabian media outlet. Iran has presented new conditions to the U.S. for resuming talks and said there is no need to withdraw from the memorandum of understanding, or MOU, with the U.S.

Strategy, the largest corporate holder of Bitcoin, has launched Bitcoin-themed sneakers on its merchandise store without offering BTC as a payment option, CoinDesk noted. CoinDesk said the Nasdaq-listed company supports only card payments and Apple Pay for the product. CoinDesk also pointed out that no BTC payment option is available on the official store of a company holding about 845,000 BTC.

ARK Invest on-chain analyst David Puell said Bitcoin’s recent gains are encouraging, but it is still too early to confirm the cycle bottom. In an interview with CryptoQuant, Puell said clear bullish momentum has emerged for the first time in years, with the move driven by a short squeeze in the futures market. Selling pressure also appears to be fading, Puell said, although further downside remains possible. To confirm a genuine bullish trend reversal, Bitcoin would need to show a sustained pattern of higher highs and higher lows, while the SOPR indicator stays above one for several months, he said. Given September’s historical seasonal weakness, Puell added Bitcoin could move sideways in a range or undergo a correction for some time before forming a higher low. On quantum computing risks, Puell said the technology could become a major risk and theme for Bitcoin over the next five to 10 years. The biggest concern is BTC believed to be held by Satoshi Nakamoto and other long-dormant coins, which he estimated at around 1.1 million to 2.6 million BTC. Puell said he believes it would be better to redirect that supply into a security budget, or recover it through escrow and legal claims, rather than freeze it permanently.

Robinhood Chain, Robinhood’s Arbitrum-based Ethereum layer-2 blockchain, generated about 17,171 ETH in fee revenue, worth roughly $42.58 million, within 70 days of launch, Wu Blockchain reported. According to on-chain data analytics platform Arkham, Robinhood Chain has recorded cumulative revenue of 17,171 ETH since launch, with average daily revenue estimated at about $608,000. Of that total, about 90%, or 15,454 ETH worth roughly $38.32 million, was accrued by Robinhood Chain, while the remaining 10%, or 1,716 ETH worth about $4.26 million, was allocated to the Arbitrum ecosystem.