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Kraken parent company Payward has pushed back its initial public offering to next year and is aiming to pursue the listing as early as the second quarter, CoinDesk reported, citing sources. The company had confidentially submitted a draft registration statement to the U.S. SEC for the IPO in November last year, but later announced it was delaying the plan amid a market downturn.

El Salvador, Venezuela and Nigeria have the highest shares of people with prior Bitcoin ownership experience, according to a new Bitcoin adoption index report from Cornell University cited by Bitcoin Magazine. Based on a survey of about 26,000 people worldwide, the report said the leaders were not wealthy financial hubs but economies with unstable national currencies and limited day-to-day access to U.S. dollars or reliable banking services. In those countries, Bitcoin functions less as a speculative instrument and more as a practical solution. The report said respondents in Venezuela viewed Bitcoin as faster, safer and less risky than other ways of obtaining U.S. dollars, while respondents in El Salvador said they own it because no one can control it.

U.S. SEC Chairman Paul Atkins described “Regulation Crypto Assets” as the SEC’s most historic step to cement the United States as a global crypto hub, Cointelegraph reported. The SEC had previously formally proposed the crypto asset rules, which include two tailored exemptions from securities-law registration requirements for certain crypto investment contracts.

The three major U.S. stock indices closed higher today. - S&P 500: +0.46% - Nasdaq: +0.45% - Dow Jones: +0.56%

Strategy CEO Phong Le said the company ranked fourth by equity capital raised this year despite Bitcoin weakness, behind SpaceX, Google and Intel, according to BitcoinTreasuries.

The TAC network has remained halted for more than 10 days after an exploit drained all funds from a bonded staking pool on Aug. 22, CryptoSlate reported. The network stopped at block 24,671,475, and block production has yet to resume. In a post-incident report, the TAC Foundation said the attack drained 28.6% of total supply from the staking collateral pool, while the overall TAC token supply itself neither increased nor decreased. The foundation plans to use treasury reserves to deploy 1.26 billion TAC for relief.

Most banks view the Clarity Act as an opportunity, while opposition comes mainly from banking lobby groups rather than the banks themselves, Coinbase CEO Brian Armstrong said, according to Crypto Briefing. Armstrong said it was important to distinguish between banking lobby groups opposing the bill and individual banks quietly building crypto infrastructure, adding that most banks were receptive to the Clarity Act.

A wallet used for token unlocks by the World Liberty Financial (WLFI) team, the Trump family’s DeFi project, transferred a total of 175 million WLFI to Binance and Gate, according to Onchain Lens. The tokens were worth about $9.94 million.

Jonathan Jachym, Kraken’s global head of policy and market structure, said in an interview with Crypto in America that the remaining policy issues surrounding the Clarity Act were largely limited to fine-tuning and that the bill has a real chance of moving forward. Jachym added that if Congress misses this opportunity, the fallout for the U.S. crypto industry could last for years.

Circle President Heath Tarbert told a House Financial Services Committee hearing that stablecoins could become core infrastructure for global dollar-based payments, according to Crypto Briefing. Appearing as a witness on Sept. 2, local time, Tarbert said the U.S. must secure leadership in digital finance and stressed, "미국이 차세대 글로벌 결제 시장에서 달러의 지배적 지위를 확고히 할 수 있는 시간이 얼마 남지 않았다. 스테이블코인이 그 목표 달성을 위한 핵심 수단".

Multicoin Capital transferred an additional 144,000 HYPE, worth about $11.92 million, to Coinbase, according to Onchain Lens. Exchange deposits are typically seen as intended for selling. Since yesterday, Multicoin Capital has moved about 405,000 HYPE worth $33.64 million.

Binance founder Changpeng Zhao said some hot money that had flowed into AI is returning to the cryptocurrency market. Zhao added the financial industry will not disappear, as both people and AI will continue to need money.

Base has unveiled Vibenet, a temporary preview network for developers to test key performance upgrades ahead of deployment on mainnet and Sepolia, Crypto Briefing reported. Vibenet is designed to validate three core upgrades at the same time: 200-millisecond preconfirmation, native account abstraction (EIP-8130), and lower gas fees.

Crypto trader Ansem said the market remains in the very early stage of a bull cycle. Ansem said success at this stage depends on identifying asymmetric return opportunities and holding through short-term volatility. Ansem added retail investors with more capital are continuing to enter the market, and said moves by Pump.fun, FOMO and Robinhood suggest substantially more money will circulate in the market. Viral tokens are also likely to gain much stronger upside momentum, Ansem said.

New Jersey has taken its legal fight against prediction market platform Kalshi to the U.S. Supreme Court, Crypto Briefing reported. The state filed a petition for certiorari asking the court to review a Third Circuit ruling that stripped state authorities of their power to enforce gambling regulations on the grounds of federal law. New Jersey argues Kalshi is selling sports-betting-like products without state approval, while Kalshi maintains its products are swaps governed by the Commodity Exchange Act and therefore are not subject to state gambling laws. The Third Circuit previously sided with Kalshi, finding federal law preempts state law for contracts traded on CFTC-designated markets.

World, formerly Worldcoin, has open-sourced ProveKit, its zero-knowledge identity verification development toolkit used for World ID, The Block reported. The release allows external developers to build applications that can verify a user’s age, nationality, and whether the user holds an ID document without exposing personal information. The current v1 is optimized for offchain verification, including on servers and mobile devices. In a future v2 release, World plans to reduce proof size and generation time and explore support for the Groth16 zk-SNARK scheme to enable more efficient onchain verification on World Chain, Ethereum, Base, and Solana.

Arbitrum DAO generated $6.19 million in revenue from four income streams in the first half, with a gross margin of more than 97%, The Block reported. The report said the licensing fee from Robinhood Chain, which launched its mainnet on July 1, is emerging as a new revenue source and accelerating an improvement in third-quarter results. Robinhood Chain is settled outside Arbitrum and is subject to a licensing rule that returns 10% of net protocol revenue to the Arbitrum ecosystem. In July, its first month of operation, the chain generated $360,000 in licensing fees alone, accounting for 35% of Arbitrum DAO's total revenue for the month. Brendan Ma, head of investment strategy at the Arbitrum Foundation, said July's performance trend suggests total third-quarter revenue will increase by more than 40% from the second quarter.

Crypto venture capital firms may be increasing market risk by crowding into the same safer bets to avoid risk, CoinDesk columnist Varun Datta said. Datta said 57% of crypto VC funding deployed in the first quarter went to later-stage deals with proven revenue and performance, while just 19% went to idea-stage startups, drying up funding for new innovation projects. As funds chase the same later-stage companies, valuations are being pushed unnecessarily higher and investment returns are declining, according to Datta.

Laser Digital, Nomura’s digital-asset subsidiary, is working with DeFi access-management and infrastructure firm Keyring Network to build an institutional DeFi fixed-income lending market, The Defiant reported. The first lending market is set to be launched on Euler Finance.

Memecoin JINQIAN reached a $70 million market capitalization within an hour of launch, according to Lookonchain. One investor posted a 10x return in a single trade, buying 6.28 million JINQIAN with 8 ETH and later selling the tokens for 82.54 ETH, locking in a profit of 74.54 ETH.

BitMEX co-founder Arthur Hayes said on the podcast 'Trade Secrets' that while he expects Bitcoin to reach $1 million by 2030, Ethereum currently offers the strongest short-term risk-reward profile, according to Cointelegraph. Hayes said Bitcoin appears to have formed a floor around $58,000 and is likely to continue climbing, but added that Ethereum is the more attractive asset to buy at this point because it has room to rise threefold to fivefold faster.

Fidelity Digital Assets said in a research report titled 'Bitcoin’s Path to Quantum Resistance' that cryptographic upgrades to prepare the Bitcoin network for quantum computing are technically feasible, but reaching consensus across the decentralized community will be the biggest challenge. The report said a sufficiently powerful quantum computer running Shor’s algorithm could derive private keys from public keys, creating a risk of asset theft. It added that a cryptographically relevant quantum computer, or CRQC, capable of breaking Bitcoin’s cryptography has not yet been commercialized. Fidelity Digital Assets also identified Blockstream’s SHRINCS BIP as a promising quantum-resistant alternative. The report described it as a hybrid model that combines stateful and stateless hash signatures to optimize both efficiency and security. It added that, because Bitcoin has no central authority, building social consensus among developers, miners and node operators may prove more difficult than the technical development itself.

Tether’s omnichain stablecoin USDT0 has launched on the Stellar network, giving Stellar users direct access to more than $180 billion in global USDT liquidity without fragmented liquidity issues, Crypto Briefing reported. The integration is built on LayerZero’s OFT, or Omnichain Fungible Token, standard.

U.S. SEC Chairman Paul Atkins said on Fox News that the Clarity Act is likely to pass the Senate within two weeks, The Bitcoin Historian reported. Atkins also said he expects the bill to pass and be signed by President Donald Trump.

Japanese food company DayDayCook added 516 BTC, bringing its total Bitcoin holdings to 2,899 BTC, Bitcoin Archive reported. The company began accumulating BTC in March last year.