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Assets under management for Bitwise's spot XRP ETF, XRP, surpassed $500 million as of the end of August, about nine months after its launch, according to crypto market data platform SoSoValue. CoinMarketCap data showed XRP trading at $1.38, down 2.72%.

OpenSea will support trading in Solana-based NFTs, The Block reported. The move comes more than four years after OpenSea launched a beta version of Solana NFT trading in April 2022. At the time, OpenSea supported Solana NFT trading for 165 collections, but later ended that support. With the service now restored, users can buy, sell and trade Solana-based NFTs on OpenSea. Solana is the first non-EVM chain to gain NFT trading support on OpenSea since the company ended its beta support, according to The Block.

Former Credit Suisse global head of valuation risk CK Zheng said Bitcoin will top $150,000 by the end of 2027, according to Yahoo Finance. Zheng said Bitcoin has moved past the worst phase of the current cycle and that the recent decline reflects the asset class’s maturation rather than a collapse seen in earlier periods. Zheng added that greater regulatory clarity, institutional adoption and the potential passage of the Clarity Act could drive the next bull market. Rising U.S. debt is also expected to boost demand for Bitcoin and gold as hedges against a weaker dollar, while scarcity and broader adoption could fuel fear of missing out among institutional investors and support further price gains.

According to CoinNess market monitoring, BTC has risen above $79,000. BTC is trading at $79,008.73 on the Binance USDT market.

The CME FedWatch tool shows a 65.9% probability that the Federal Reserve will raise its benchmark interest rate by 25 basis points at the September Federal Open Market Committee meeting, while the probability of a pause stands at 34.1%. CME FedWatch, a rate outlook tool provided by CME Group, calculates the probability of future FOMC rate moves based on market expectations reflected in prices for 30-day federal funds futures. The gauge is therefore meaningful as an indicator of rate expectations currently priced in by financial market participants, rather than as the Federal Reserve’s official outlook.

The U.S. SEC and the U.S. CFTC are accelerating their own rulemaking for the crypto market while the fate of the CLARITY Act remains uncertain during Congress’s summer recess, Decrypt reported. The two agencies launched a joint public comment process in June on swaps, security-based swaps, the definition of emerging products and the scope of each agency’s jurisdiction. In a comment letter recently submitted to the SEC in response to that joint request, former CFTC Chairman Chris Giancarlo and former SEC Commissioner Steven Wallman warned that setting the wrong regulatory standards for swaps, security-based swaps and emerging products could drive profitable markets overseas. Separately, the SEC recently asked the White House Office of Information and Regulatory Affairs to review a proposed revision to asset custody rules for investment advisers and investment companies. The proposal is expected to establish a regulatory framework for how SEC-regulated investment advisers and investment companies can hold digital assets such as cryptocurrencies while complying with federal securities laws, though the specific provisions have not yet been disclosed.

Coinbase CEO Brian Armstrong said on Katie Miller’s podcast that entrenched interests are opposing the Clarity Act, arguing they do not want to compete with crypto companies that can offer consumers better financial services and want to keep control of the broader financial services industry. Armstrong also said President Donald Trump correctly recognized that millions of Americans felt alienated by the previous administration’s regulation of the crypto industry, and argued it is now time to pass the Clarity Act to protect consumers. He added the bill would benefit banks, law enforcement, crypto companies and, above all, the American people.

Binance founder Changpeng Zhao, better known as CZ, said on X that growth in his account’s follower count had been a consistent early indicator across multiple cycles. Zhao used "..." and did not specify which cycle he meant, but the cryptocurrency community interpreted the comment as referring to a bull cycle.

Publicly traded investment firms and vehicles led by David Einhorn, Cathie Wood, Warren Buffett, Bill Ackman, Carl Icahn and Michael Saylor have all underperformed the S&P 500 this year, Cointelegraph reported. Strategy, led by Saylor, was down 19% year to date, trailing the S&P 500, which was up 12.6% over the same period, by 31.6 percentage points.

Cashlink, a tokenization platform licensed by Germany’s Federal Financial Supervisory Authority, or BaFin, for crypto securities registration and custody, has entered a strategic partnership with Ava Labs, the developer of Avalanche (AVAX), Crypto Briefing reported. Under the partnership, Cashlink plans to integrate the Avalanche blockchain into its security token infrastructure, expanding the options available to major German financial institutions.

Hyperliquid, the world’s largest decentralized perpetual futures exchange, is in late-stage talks with Payward, the parent company of U.S. crypto exchange Kraken, on entering the U.S. market, Bloomberg reported, citing sources. If the deal goes through, subject to regulatory approval, U.S. traders would be able to trade crypto perpetual futures built on Hyperliquid’s blockchain technology through Bitnomial, a regulated exchange under Payward. Payward has also submitted a proposal outlining the basic business structure of the partnership to the U.S. Commodity Futures Trading Commission, according to the report. HYPE was trading at $83.9, up 0.28%, according to CoinMarketCap.

A cryptocurrency community analysis has raised the possibility that the halt in new block production on the Injective (INJ) mainnet was caused by an exploit attack. In connection with this, crypto-focused Telegram channel Moneystack warned that on-chain data suggests around $2.79 million in cryptocurrency appears to have been stolen in the hack, while an on-chain message on Etherscan shows a demand for negotiations with the attacker. Moneystack added that the Injective team had not yet issued an announcement. CoinNess previously reported that new block production on the Injective mainnet had stopped.

Bithumb announced the temporary suspension of INJ deposits and withdrawals due to an issue on the Injective network.

HYPE has risen by 3.13% in the past five minutes on the COINNESS market. Currently, HYPE is trading at $84.58.

Telegram founder Pavel Durov said on his channel Telegram is launching Gram Wallet for some users. He added that the wallet will be expanded to more than 1 billion Telegram users over the next two weeks, thanked validators for approving the smart contracts used to run Gram Wallet, and said future wallet upgrades will not require migration. According to CoinMarketCap, GRAM, formerly TON, was trading at $1.43, up 4.54%, at the time of writing.

GRAM has risen by 8.94% in the past five minutes on the COINNESS market. Currently, GRAM is trading at $1.46.

GRAM has risen by 4.38% in the past five minutes on the COINNESS market. Currently, GRAM is trading at $1.39.

No new blocks have been produced on the Injective (INJ) mainnet for about 15 minutes, according to an issue that prompted South Korean exchange Upbit to suspend deposits and withdrawals due to a network problem. Injective had not posted any related notice as of publication. INJ was trading at $4.95, down 6.41%, according to CoinMarketCap.

Ninety-four percent of peso-based cryptocurrency purchases in Argentina went into stablecoins, according to an analysis by a16z crypto, the crypto arm of global venture capital firm a16z. According to Wu Blockchain, citing an in-house report released by a16z crypto on Aug. 30 local time, buying cryptocurrency with pesos in Argentina effectively means buying dollars. The report said Argentina had the highest stablecoin share among major fiat-based crypto markets, adding demand remained strong even though the dollar price accessed through stablecoins was far more expensive than dollars at the official exchange rate. The report also said one in five people in Argentina use cryptocurrency, pointing to a high level of crypto adoption within Latin America. In 2024, downloads of the 15 leading crypto apps in Argentina jumped 93% from a year earlier, while the share of Argentina-based contract workers receiving wages in USDC also increased markedly.

South Korean exchange Upbit announced the temporary suspension of INJ deposits and withdrawals due to an issue on the Injective network.

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.