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A whale that began unstaking 2.886 million HYPE in late July deposited 969,000 HYPE worth $79.18 million to Coinbase Prime and FalconX about 20 minutes ago, AmberCN reported. Over the past month, the whale began selling at around $64.9 per token, generating about $132 million in profit.

CoinMarketCap’s Altcoin Season Index rose 11 points from yesterday to 33. The index is calculated by comparing Bitcoin’s price performance with that of the top 100 cryptocurrencies by market capitalization, excluding stablecoins and wrapped coins. A CoinNess analysis shows the market is considered to be in altcoin season when 75% of the top 100 coins have outperformed Bitcoin over the past 90 days, and in Bitcoin season in the opposite case. The closer the index is to 100, the more strongly it points to altcoin season.

The spot CVD chart is an order-book analysis chart for the BTC/USDT spot trading pair. The upper section shows the volume heatmap, while the lower section shows cumulative volume delta, or CVD. - The volume heatmap tracks trading volume by price range, and the background becomes brighter when the price stays in a specific range for an extended period or moves sharply. Brighter zones may act as support or resistance levels. - The CVD indicator in the lower section reflects buy and sell orders by order size. As buy orders increase, the line for the corresponding color moves higher. The yellow line is based on orders between $100 and $1,000, while the brown line reflects large orders between $1 million and $10 million.

CoinMarketCap’s in-house crypto fear and greed index came in at 71, down two points from yesterday, with the market remaining in greed territory. The index suggests extreme fear when it is closer to zero and extreme optimism when it is closer to 100. CoinMarketCap said the index is calculated based on price moves among the top 10 cryptocurrencies by market capitalization, market volatility, derivatives-market indicators such as the put-to-call ratio, the stablecoin supply ratio (SSR), and CoinMarketCap’s internal search data.

Grayscale said cryptocurrencies could emerge as a new investment destination as U.S. household assets are concentrated in equities at a record level while valuations in the crypto market appear relatively less demanding. The firm said about 46% of U.S. household financial assets are currently invested in stocks, with price-to-earnings ratios near historical highs. By contrast, Grayscale said the crypto market is closer to the opposite situation, with much of the leverage cleared out and investor positioning reset after a prolonged bear market. Against that backdrop, the firm said a new recovery cycle may be starting. Grayscale added the key is not to replace stocks with crypto, but to diversify portfolios that are overly concentrated in equities. With crypto fundamentals improving, it said relatively lower price levels in the market cycle may offer a diversification opportunity.

Polygon generated more than $1.3 million in network revenue over the past 30 days, Crypto Briefing reported. Depending on the data source, the figure was higher in other estimates, with DefiLlama putting monthly revenue at about $2.15 million and Token Terminal showing $1.7 million for August. The report said Polygon’s ability to generate revenue from actual network usage stands out given its structure keeps transaction fees very low.

Ondo Finance (ONDO) has asked U.S. regulators to allow perpetual futures tied to individual stocks in the United States, CoinGape reported. Ondo submitted three comment letters to the U.S. SEC and the Commodity Futures Trading Commission on Aug. 24 and argued the products could be handled under the existing securities and futures regulatory framework without creating new rules. In an official blog post, Ondo said each letter addressed a different set of rules related to perpetual futures, portfolio margin, and market data.

Strategy holds $66 billion in reserves, the second-largest among S&P 500 financial companies after Berkshire Hathaway, Cointelegraph reported.

Coinbase has appointed Anthony Armstrong, who previously served as CFO at xAI and X, to its board, The Block reported. The appointment expands the board to 10 members from nine, and Armstrong is also set to serve on Coinbase’s audit committee. Coinbase said Armstrong had previously worked as a senior adviser at the U.S. Department of Government Efficiency, or D.O.G.E. The company added he is not related to CEO Brian Armstrong.

Bitcoin’s rally stalled after failing to break through selling pressure in the $83,000-$86,000 range, where long-term holder supply is concentrated, and short-term rangebound trading may continue, according to Glassnode. Glassnode said a short squeeze on Aug. 19 pushed Bitcoin above $80,000, but BTC later failed to overcome selling pressure between $83,000 and $86,000. Bitcoin then fell to around $76,000. The report added that when Bitcoin was trading near $78,000, the share of BTC supply in profit rose to 68% from 65% in May, which it said could be interpreted as a sign of growing potential selling pressure. Glassnode assessed the $62,000-$65,000 range as a key support zone and the $83,000-$86,000 range as a major resistance zone.

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.