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CoinMarketCap’s Altcoin Season Index came in at 42, unchanged from yesterday. The index is calculated by comparing the price performance of Bitcoin and the top 100 cryptocurrencies by market capitalization, excluding stablecoins and wrapped coins. A market is considered to be in altcoin season when 75% of the top 100 coins have outperformed Bitcoin over the past 90 days, while the opposite is considered Bitcoin season. A reading closer to 100 indicates stronger altcoin season conditions.

Crypto asset manager Canary Capital plans to launch a staked TRX ETF, TRXS, Bloomberg ETF analyst James Seyffart said.

Tether CEO Paolo Ardoino said in a recent interview that the company is betting on the expansion of the dollar network by supplying dollars globally through USDT and holding large amounts of U.S. Treasurys. He added that Tether is actively buying Bitcoin and gold with its operating profits to prepare for a decline in fiat currency values, describing BTC as the foundation of all digital assets and a natural inflation hedge. Ardoino also said most key decision-makers worldwide are older than 60 and do not understand Bitcoin, while central banks are buying gold every day instead of Bitcoin. Younger generations understand BTC better, he said, adding that a generational shift is needed for its natural adoption.

CoinMarketCap’s in-house crypto fear and greed index came in at 73, down two points from yesterday, with the market remaining in greed territory. A reading closer to zero signals extreme fear, while one closer to 100 indicates extreme optimism. CoinMarketCap said the index is calculated based on price moves among the top 10 cryptocurrencies by market capitalization, market volatility, derivatives-market indicators including put-to-call ratios, the stablecoin supply ratio (SSR), and CoinMarketCap’s own search data.

The Ethereum Foundation’s Protocol Cluster has released its evaluation and roadmap for 62 EIPs proposed for the next Hegotá upgrade. In the review, the foundation gave EIP-7805, a proposal focused on censorship resistance, and EIP-8141, which relates to framed transactions and account abstraction, an "S-tier" rating, meaning they should be included in the upgrade. Another 15 proposals received an "A-tier" rating, indicating they are expected to be included, while 28 proposals were rejected. The Protocol Cluster also set a research goal of making Ethereum’s layer 1 broadly quantum-resistant by December 2029. Its main research areas include improving transaction finality speed, strengthening privacy, quantum-resistant security, state management and zkEVM.

XRP futures trading volume across the top three centralized exchanges reached about $64.6 billion in August, the highest level since February, according to an analysis by on-chain data platform Arab Chain. Arab Chain said Binance accounted for the largest share at about $37.0 billion, followed by Bybit at about $14.54 billion and OKX at about $12.88 billion. The platform said the increase suggests liquidity is flowing back into XRP and investor interest in the derivatives market is rising. At the same time, Arab Chain said higher futures volume does not necessarily signal a price increase, as both long and short trading can expand. To gauge the market’s next direction, price trends, funding rates and open interest, or OI, should be monitored together, it added.

SBI Holdings subsidiaries SBI Shinsei Trust & Banking and SBI VC Trade have begun investing part of the trust assets backing the yen-pegged stablecoin JPYSC in Japanese short-term government bonds, the companies announced today. Under the move, 1 billion yen ($6.8 million) of JPYSC reserve assets will be managed through Japanese short-term government bonds. SBI said the goal is to manage reserve assets with highly creditworthy yen-denominated assets while securing the liquidity needed for JPYSC redemptions.

Solana’s share of the on-chain tokenized stock trading market fell from 71% to 30% over the past two weeks, Crypto Briefing reported. The outlet said the drop appeared to reflect not a problem with Solana itself, but a shift in speculative demand to rival chains as BNB Chain and Robinhood Chain introduced products combining memecoins and stock tokens. Crypto Briefing added that memecoin-stock token linked products use trading pairs that bundle the two assets together, rather than simply tokenizing stocks for trading like Solana’s xStocks. The outlet said trading such products requires a bridging process to move assets across chains, and those transactions can lift overall network volume and activity while drawing in additional investors.

Solana-based DeFi lending protocol Kamino Finance has launched a new market that lets users borrow USDC against ZEC collateral, Crypto Briefing reported. ZEC is bridged to Solana through NEAR Intents and OmniBridge, allowing users to use the token as collateral for USDC loans.

More than 100 altcoins listed on South Korean crypto exchanges Korbit and Coinone went without a single trade over a 24-hour period, Yonhap reported. As of 2:00 p.m. UTC on Sept. 7, more than 80 of the roughly 190 cryptocurrencies supported for trading on South Korean exchange Korbit had recorded zero won in 24-hour trading volume, according to the report. At South Korean exchange Coinone, more than 130 of the roughly 360 supported cryptocurrencies also posted zero won in 24-hour trading volume, meaning not even one unit was traded throughout the day.

Unrealized gains held by short-term Bitcoin whales reached $9.07 billion, the highest level since 2016, Cointelegraph reported.

Brazil’s major banks are expanding cryptocurrency services for retail clients in step with the country’s evolving regulatory framework, Decrypt reported. Itaú, Brazil’s largest bank, supports trading in 15 cryptocurrencies including BTC, ETH and USDC through its investment app, while fintech firm Nubank offers 28 tokens. Banco do Brasil, which launched BTC and ETH trading services in January, has processed more than 11 million reais ($2.1 million) in transactions so far. Brazil’s crypto trading volume reached 505.5 billion reais ($98.7 billion) in 2025, up more than fivefold from 2020. However, local banks do not appear to hold crypto as proprietary assets, according to data from Brazil’s central bank.

Bitwise has filed an amended S-1 registration statement with the U.S. SEC to add staking to its spot Ethereum ETF, ETHW, NewsBTC reported. The amendment includes details on how the fund would stake the ETH it holds, validator operations, the accounting treatment for staking rewards, and related risks including slashing. If staking is approved, the ETF could earn additional rewards using its ETH holdings.

Xverse, a Bitcoin-based Web3 mobile wallet, has launched a pool-based staking product that lets users earn Bitcoin-denominated rewards while retaining control of their BTC, Crypto Briefing reported. The product combines sBTC, a Bitcoin-based asset on the Stacks network, with STX to participate in PoX-5 bonding.

Hong Kong-listed gaming company Boyaa Interactive has added 115 BTC, bringing its total Bitcoin holdings to 4,316 BTC, according to BitcoinTreasuries.net.

U.S. federal prosecutors have charged 18 people with conspiracy under the Racketeer Influenced and Corrupt Organizations Act, or RICO, in connection with the theft of $263 million worth of BTC, Crypto Briefing reported. It marks the first major case in which RICO charges have been applied to a cryptocurrency theft. Malone Lam, identified as the ringleader, and others are accused of posing as Google and Gemini representatives in August 2024 to obtain wallet access information from a victim and steal more than 4,100 BTC. Investigators found the stolen funds were later laundered through cryptocurrency exchanges and used on luxury cars, private jets and mansions. If Lam’s planned guilty plea proceeds as scheduled, it would become the 11th guilty plea among the defendants tied to the case.

Securitize has expanded support for using BlackRock’s tokenized fund BUIDL as collateral in crypto prime brokerage, NewsBTC reported. Eligible institutional investors can now post BUIDL tokens as off-exchange collateral through supported prime brokers. BUIDL is BlackRock’s tokenized fund that invests in traditional financial assets including U.S. Treasuries.

Bitcoin held above $79,000 despite a sharp rise in the Japanese yen, marking a different pattern from the yen carry trade unwind in 2024, according to a BeInCrypto analysis. BeInCrypto said the dollar-yen exchange rate fell from 160.39 yen last Wednesday to 154.50 yen on Monday, implying a 3.7% rise in the yen’s value over three trading days. It said a similar yen surge in August 2024 triggered a broad unwind of carry trades, in which investors borrowed low-rate yen to invest in risk assets, sending BTC and ETH down by as much as 20%. This time, however, BTC stayed above $79,000. BeInCrypto reproduced the English phrase "Bitcoin survived its first yen shock."

Solana co-founder Anatoly Yakovenko said improving U.S. Internal Revenue Service tax treatment for block rewards is more important than adjusting Solana’s token burn, fees or inflation structure, Cointelegraph reported. Under current U.S. rules, staking rewards are treated as taxable income upon receipt under certain conditions.

Kraken parent Payward has filed an application with the U.S. Commodity Futures Trading Commission to launch crypto perpetual futures products, NewsBTC reported. The products are set to be offered through Bitnomial, which Kraken acquired, and will use BTC, ETH, SOL, XRP and ADA as the underlying assets. The launch must go through a 30-day regulatory self-certification review process.

Polish prosecutors have charged a suspect with allegedly misusing 7.8 million zloty ($2.1 million) in user funds from crypto exchange Zondacrypto, Cointelegraph reported. The suspect is accused of participating in an organized crime group and siphoning off user funds by illegally altering the exchange’s electronic records. Prosecutors requested detention, citing flight risk and concerns about interference with the investigation. Three other people were previously charged and detained in the same probe, and prosecutors estimate total losses tied to Zondacrypto at no less than 350 million zloty. Zondacrypto’s Estonian operator, BB Trade Estonia, was declared bankrupt in August.

Australia’s financial intelligence agency AUSTRAC has revoked the registration of crypto service provider GetCoins after finding it had been misused in organized cryptocurrency investment scams, CryptoSlate reported. AUSTRAC said the findings came from a joint probe with the National Anti-Scam Centre that was launched following customer complaints. The agency said it canceled GetCoins’ registration on June 4, and a deregistered firm can no longer provide related services.

Centralized exchange spot trading volume reached $811 billion in August, up 15% from the previous month, Cointelegraph reported. The rebound came a month after July volume fell to its lowest level in two years, with Coinbase and KuCoin posting the most notable increases among exchanges.

Crypto trader Killa said investors looking to profit from altcoins should consider selective buying in the early stage of a BTC bull market, even from a broadly bearish view on most altcoins. Killa said that in a past cycle, while BTC rose from $16,000 to $74,000, many altcoins surged 300% to 500%. Killa added that the early phase of a bull market, before Bitcoin dominance spikes and begins to dominate the broader market, is the key entry window for altcoins. Based on that view, Killa said positions entered in advance are already showing meaningful gains. SOL bought at $76 has risen about 50% from the entry price, while a HYPE position entered at $51.55 has gained about 70%, Killa said. Killa added that with the importance of early positioning growing before a broader bull-market expansion begins, Killa plans to build selective positions to prepare for sequential rebounds in individual altcoins, including a recently entered swing-long position in ASTER with a target return of 50% to 100%.

LAPTOP, a meme coin issued by Hunter Biden, the son of former U.S. President Joe Biden, is scheduled for an official launch on the Base network on Sept. 9, BlockBeats reported. According to the report, 800 million of the token’s 1 billion total supply, or about 80%, is concentrated in a single Gnosis Safe multisig wallet. The top five addresses collectively hold 99.85% of the supply, pointing to a severe imbalance in token distribution. On the smart contract side, the token appears to use a standard LayerZero architecture without blacklist or transfer-tax functions. However, the owner can later expand functionality by setting cross-chain peers, leaving risks tied to top-level administrative control. In addition, policies presented by the project, including a 30% founding team lockup, politically linked burns of up to 30%, and a 20% airdrop, are not currently implemented directly in the on-chain smart contract. As a result, whether those pledges are actually carried out will need to be verified through any future deployment of additional contracts. With many similar coins already appearing in the market, investors should exercise caution until an official liquidity pool is established and the final address is confirmed.