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Local financial and crypto firms have submitted comment letters on U.S. SEC reviews of new ETFs, exposing a split between calls for faster reviews and arguments for a more cautious approach, CoinPost reported. Grayscale, the U.S. asset manager behind a Bitcoin ETF, urged the SEC to introduce a process allowing applicants to submit draft filings privately before making formal ETF applications public. Grayscale argued the procedure could help prevent rivals from copying applications and launching similar products. The firm also proposed requiring the SEC to respond within 45 days of receiving an application. 21Shares, a Swiss ETP manager, submitted a similar view to the SEC. By contrast, Jane Street, a major U.S. market maker, argued for caution against rushing ETF listings, warning that approvals without sufficient review could create problems with product design or liquidity. Charles Schwab, a major U.S. brokerage, also opposed making the entire application process nonpublic.

U.S. spot Ether ETFs recorded about $26.46 million in net inflows on Sept. 4, extending inflows from yesterday while the amount declined sharply, according to SoSoValue. - BlackRock ETHA: +$57.79 million - Fidelity FETH: -$48.30 million - BlackRock Staking ETHB: +$16.44 million - Morgan Stanley MSSE: +$528,000

Connecticut authorities issued a consumer alert on overseas DeFi trading platforms after disclosing a case in which a local resident lost $200,000 to a scam involving an impostor posing as an acquaintance. Connecticut Attorney General William Tong strongly criticized seven unregulated offshore platforms in the U.S., including GMX, dYdX and Hyperliquid, calling them "not innovation, but exploitation." Tong said the platforms offer leverage of up to 250x and trading in synthetic assets rather than actual stocks, leaving users at risk of a full liquidation of principal even on small price moves. Tong added that the decentralized nature of the trading venues makes fund recovery virtually impossible. The attorney general's office also said secondary scams are spreading, with fraudsters demanding upfront fees under the pretense of helping victims recover lost funds. It urged residents to verify whether a service is properly registered and to report suspected fraud promptly.

U.S. spot Bitcoin ETFs recorded net inflows of $174.6 million on Sept. 4, marking a third straight trading day of net inflows, according to Farside Investors. - BlackRock IBIT: +$117.4 million - Fidelity FBTC: +$57.2 million

An FBI affidavit cited by Fortune crypto editor Jeff Roberts indicates Hamas instructed members internally to avoid using Binance and instead use Trust Wallet, RedotPay, OKX, Cust, and Bybit. Roberts also cited a Chainalysis report as saying Hamas used one-time "Burner" wallet accounts to receive donations, but was ultimately exposed after reusing the same wallets to fund gas fees.

Cross-chain protocol Router Protocol said it will fully shut down its service on Sept. 30 after more than four years of operations. The project cited weakening Web3 liquidity, a shift in capital toward AI, lower fees for cross-chain infrastructure, and high operating costs as reasons for the shutdown. It also plans to permanently burn 303,333,198 ROUTE held by the foundation and work with centralized exchanges to pursue the delisting of ROUTE trading pairs. Users need to withdraw assets based on each exchange’s schedule.

Solana co-founder Anatoly Yakovenko said that even the 10% revenue-sharing payment Robinhood makes to Arbitrum would be enough to cover four times the transaction costs incurred on Solana, after reports said average transaction fees on Robinhood Chain had risen to about $0.40. Yakovenko added that by using Solana, Robinhood could absorb those costs and deliver a fully gas-free experience for users.

A whale address has deposited its entire 20.86 million CRV holdings, worth $7.33 million, to OKX after holding the tokens for about two years, according to on-chain analyst EmberCN. The whale bought the CRV at $0.32 each when the token plunged in June 2024 amid the liquidation of Curve founder Michael Egorov’s loan position. The address did not sell even when CRV later rose to $1.2, and is now sitting on an unrealized profit of about $530,000 at the current price of $0.35.

U.S.-listed mortgage company Pineapple Financial has moved more than $1 billion in mortgage records to the Injective (INJ) blockchain, Cointelegraph reported. A total of 2,079 mortgage records have been transferred on-chain so far, and the company plans to move more than 29,000 additional mortgage records worth over $10 billion to Injective. Pineapple Financial said in December last year it had begun migrating loan data to the Injective blockchain.

An anonymous wallet lost a combined $907,000 in two FOMO trades over one day, according to Lookonchain. The address bought MEME for $920,000 and later sold it for $350,000, taking a $560,000 loss, or 61.45%. It then bought $360,000 worth of SLINK but sold it for $12,000, booking an additional $340,000 loss, or 96.62%.

Vlad Tenev, CEO of Robinhood, said on X that tokenization is a technology that can make high-quality financial assets in U.S. capital markets accessible to anyone around the world. Tenev said traditional financial infrastructure was built around fixed trading hours, closed networks and multiple intermediaries, making it ill-suited to 24-hour trading, programmable assets, composability and self-custody. He added that while the tokenization industry remains at an early stage compared with global financial markets, its advantages are becoming increasingly clear. Tenev also stressed that although it may take time for traditional finance to embrace the shift, the change is worth pursuing.

An anonymous whale address bought an additional 343,000 HYPE worth about $29.09 million, according to Lookonchain. The whale has now accumulated a total of 3.24 million HYPE worth about $252 million and has staked the entire holding.

The total stablecoin market capitalization reached about $309.27 billion, up roughly 50% from $206.0 billion at the end of 2024, Crypto Briefing reported. The figure was about $13 billion below the all-time high of $322.0 billion recorded in May. USDT accounted for about 60% of the market with a capitalization of roughly $183.0 billion, while USDC stood at $74.0 billion-$75.0 billion for a 24%-25% share. Combined, the two stablecoins made up about 85% of the market.

An unidentified whale transferred 7.2 million TRUMP to Binance over the past one to two days, worth about $16.7 million at the time of the transfers, according to Onchain Lens. Exchange deposits are typically interpreted as a sign of potential selling.

Buying piled into SLINK after Elon Musk replied to a post about the token from the hacked X account of Shivon Zilis, a Neuralink executive and former OpenAI board member, but the price later tumbled sharply, Onchain Lens reported. SLINK’s market capitalization briefly surged to around $80 million before falling to about $2 million, down more than 97% from its peak. Onchain Lens added tracked losses for four traders were about $807,000.

Japan’s Financial Services Agency said it achieved its digital finance policy goals, including cryptocurrency regulatory reform and support for stablecoin adoption, in its financial administration performance report for July 2025 through June 2026. According to CoinPost, the agency said a bill to bring cryptocurrencies under the Financial Instruments and Exchange Act and introduce insider trading rules passed parliament in July. Once the revision takes effect, cryptocurrency taxation is expected to shift from the current comprehensive tax regime, with a top rate of 55%, to a separate tax system of around 20%. The agency also said it is working to expand related use cases, including by supporting a joint yen stablecoin issuance by Japan’s three megabanks.

Ondo Finance said it will stop minting USDY on the Aptos and Noble networks starting Sept. 8, local time. The move will also affect users on Osmosis and Mantra that receive USDY from Noble through IBC. Holders of 1,000 USDY or more can bridge their assets to other supported networks or redeem them directly through Ondo at net asset value by Sept. 8, 2027.

A whale address withdrew 62,410 HYPE worth about $5.27 million from Coinbase over the past four hours, according to Onchain Lens. Over the past week, the address has withdrawn and accumulated a total of 110,370 HYPE from Coinbase, currently valued at about $9.09 million.

Fundstrat Granny Shots US Large Cap ETF (GRNY), managed by Tom Lee, sharply increased its weighting in Strategy (MSTR) from mid-August, making MSTR the fund’s largest holding after it had been its smallest position about two weeks earlier, according to Wu Blockchain, citing Bloomberg ETF analyst Eric Balchunas. As of Sept. 3, MSTR accounted for 3.02% of GRNY, surpassing Robinhood at 2.99%, and Strategy’s share price has since risen about 46%.

Washington state’s Department of Financial Institutions said it is seeking a $1.0296 million fine against crypto ATM operator Coinflip and CEO Benjamin Weiss, along with revocation of the company’s business license and a ban on industry activity. The agency said a 2025 examination found problems with Coinflip’s compliance and risk management systems, and noted that more than 50% of Coinflip users in Washington state were older adults, leaving them highly exposed to crypto ATM scams.

Alliance DAO co-founder Qiao Wang said on the recent Steady Lads podcast that the only cryptocurrencies in the personal portfolio are Bitcoin (BTC) and Zcash (ZEC), adding that a simple portfolio structure is preferred. Wang said 70% to 80% of the total investment portfolio in U.S. dollar terms is allocated to stocks, with 20% to 30% allocated to cryptocurrencies.

CoinMarketCap’s in-house crypto fear and greed index came in at 75, down three points from yesterday, while remaining in the greed zone. The index indicates extreme fear when it is closer to zero and extreme optimism when it is closer to 100. CoinMarketCap calculates the gauge based on price movements among the top 10 cryptocurrencies by market capitalization, market volatility, derivatives-market indicators including the put/call ratio, the stablecoin supply ratio, or SSR, and CoinMarketCap’s own search data.

Polygon co-founder Sandeep Nailwal has launched a cryptocurrency donation platform to support victims of flooding in Nepal, Crypto Briefing reported. The platform accepts crypto donations across multiple blockchains, converts them into USDC, and sends the funds to Nepal’s prime minister disaster relief fund. Donations can be tracked in real time through a public on-chain wallet, and about $168,000 had been raised as of the launch date.

LayerZero Labs will discontinue operations for Stargate V1, the cross-chain bridge protocol, Crypto Briefing reported. Its V1 liquidity pools will stop functioning after Dec. 15, and liquidity providers must withdraw funds before then. LayerZero plans to support fee-free withdrawals to help users recover funds smoothly. The move follows the end of support for the LayerZero V1 relayer used by Stargate V1. Stargate will continue operating normally.

CryptoSlate reported that compatibility concerns have emerged at some infrastructure providers ahead of Solana’s planned mainnet rollout of the v1 transaction format, which expands the maximum transaction size from 1,232 bytes to 4,096 bytes. RPC clients, indexers, and other infrastructure that have not been updated to support v1 could encounter errors or stop functioning while reading blocks containing v1 transactions. V1 has already been applied on testnet and devnet, but as of Sept. 4 it had not yet been activated on mainnet.