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Some money leaving stocks is moving into cryptocurrencies as crypto has held up better than equities despite rising expectations of a U.S. rate hike, Wintermute said in an X post. Wintermute said stronger-than-expected August U.S. jobs data pushed BTC down from $82,400 to below $80,000, but the token still rose 3.45% on the week and spot Bitcoin ETFs posted $987 million in net inflows. It added that cryptocurrencies usually weaken when expectations for rate hikes increase, but last week they outperformed major assets other than oil. Wintermute said it would revise that view if BTC falls decisively below $72,000 and ETF flows turn into clear net outflows.

Crypto industry-backed political action committee Fairshake is launching a nationwide TV and digital ad campaign urging passage of the CLARITY Act ahead of a full Senate vote, Crypto Briefing reported.

Bonk community member and crypto influencer Unipcs said USELESS is showing a pattern very similar to PEPE just before its 2023 surge. In a post on X, Unipcs said the resemblance spans trading volume trends, rising open interest, standout strength from the outset, and market timing, adding that after reviewing the charts, USELESS looked almost identical to PEPE right before its rally began. Unipcs added that history does not repeat exactly, but similar patterns do emerge.

Republican U.S. senators warned the CLARITY Act could fail next week, Semafor reported. Sen. Thom Tillis said the bill would collapse unless the White House works to resolve disagreements over ethics-related provisions.

Solana accounted for 67% of total blockchain memecoin spot decentralized exchange trading volume on Sept. 7, SolanaFloor reported. Robinhood’s share stood at 23%, putting Solana at roughly three times that level, while BNB Chain recorded 9%.

Some users in India have been using overseas platforms to convert cryptocurrencies such as USDT into local gift cards to buy groceries, airline tickets and gold, The Economic Times reported. According to the outlet, the platforms operate by accepting crypto, selling it overseas and then settling with Indian gift card providers. Local experts said the practice takes place outside existing banking payment networks and warrants further review from the standpoint of cross-border payments, foreign exchange and taxation rules.

An anonymous whale bought 285,503 SOL worth $28.82 million on Hyperliquid over the past three weeks, according to Lookonchain.

Circle plans to acquire Singapore-based payments company Tazapay for about $400 million, Wu Blockchain reported. The purchase price is expected to be paid in Circle Class A common stock.

South Korean exchange Upbit announced the addition of HEMI and USELESS for BTC and USDT trading at 12:30 p.m. UTC today.

South Korea’s People Power Party is seeking a meeting with the country’s five largest won-based crypto exchanges to discuss possible improvements to the virtual asset tax system ahead of its planned January implementation next year, Dailian reported. The party is coordinating with the industry on holding a seminar on crypto taxation at 5:00 a.m. UTC on Sept. 21. If the seminar goes ahead, key agenda items are expected to include whether to further delay the virtual asset tax set to take effect next January and problems with the current tax framework. The People Power Party has previously indicated the current crypto tax regime would be difficult to implement as is.

Uzbekistan has launched a pilot project to introduce a stablecoin pegged to the som, the country’s local currency, for real-world goods and services payments, Cointelegraph reported. Humo Digital has been registered as a special regulatory participant and will test the full cycle of issuing, distributing and redeeming the HUMO stablecoin. More than 20 local stores and companies have completed preparations to test accepting the HUMO token as a payment method for physical products and services. The initial pilot will run for 12 months, while the project’s overall special-regime period can last up to three years.

Binance announced the delisting of the OPEN/FDUSD, SAGA/FDUSD and VELODROME/USDC spot trading pairs at 3:00 a.m. UTC on Sept. 11.

South Korea’s National Assembly Budget Office said in a report released today that if won-denominated stablecoins are introduced, interest payments for simple holding should be restricted while rewards tied to actual use, including payments and trading, could be considered. The report said interest payments are banned in both the U.S. and Europe, while discussions have recently emerged around allowing use-based rewards as an incentive to expand adoption. It added that regulators need to review caps on reward rates and the scope of rewards, citing competition with the existing financial industry and the risk of excessive stablecoin issuance.

Hunter Biden, son of former U.S. President Joe Biden, plans to airdrop part of his memecoin LAPTOP to investors who lost money trading President Donald Trump’s memecoin TRUMP, The Crypto Basic reported. The airdrop allocation totals 20%, or 200 million tokens, and is set to go to wallet users who incurred losses trading TRUMP after the token fell more than 97% from its peak, as well as subscribers to Hunter Biden’s Substack and people on journalist Andrew Callaghan’s mailing list, according to the report. The report added that investors should watch for copycat coins. More than 14 tokens with the same name appeared across Solana, TON, BNB Chain and Robinhood Chain immediately after the surprise announcement, generating millions of dollars in trading volume. As of the announcement, the official smart contract address had not been disclosed, so extra caution is warranted when buying LAPTOP tokens trading on chains other than Base.

Global cryptocurrency exchange MEXC has released its August Proof of Reserves report, which was audited by blockchain security firm Hacken. The report showed reserve ratios of 288% for Bitcoin (BTC), 115% for Tether (USDT), 114% for USDC, and 113% for Ethereum (ETH) in August. It also indicated all major cryptocurrencies remained fully overcollateralized, with reserve levels above the industry-standard 1:1 benchmark.

India’s Lok Sabha Standing Committee on Finance is set to hold a Sept. 16 hearing with the Department of Economic Affairs on policy for virtual digital assets, local media outlet CryptoTimes reported. The Department of Economic Affairs is responsible for shaping the Indian government’s direction on cryptocurrency policy. At the hearing, the committee is expected to ask about the choice of regulator, the introduction of a separate legal framework, and possible responses to trading volume that has shifted to overseas exchanges. The proceeding is for oral testimony rather than a vote on a bill, so it is not expected to result in an immediate regulatory decision. India does not currently ban cryptocurrencies, but it applies a 30% tax on gains from crypto transfers and a 1% tax deducted at source, or TDS, on some transactions.

South Korean exchange Upbit announced it will temporarily suspend deposits and withdrawals for VeChain (VET) and VeThor Token (VTHO) starting at 6:00 a.m. UTC on Sept. 16 due to the VeChain network hard fork.

Strive CEO Matt Cole said the company aims to maximize BTC exposure per common share and sees the current market as an institutional and corporate Bitcoin gold rush. According to BitcoinTreasuries.net, Cole made the remarks on the podcast 'The Bitcoin Libertarian' and added that if the BTC bull market Strive expects materializes, the company is highly likely to emerge as one of the fastest movers.

Starknet, Ethereum’s layer-two scaling solution, has launched Shieldnet, a new ZK-Proof-based private transaction system built on the STRK20 framework, adding privacy features for a total of 45 ERC-20 tokens, Crypto Briefing reported. The system fully hides transaction details from external view, including senders, recipients, and transfer amounts, according to the report. Shieldnet uses an encrypted viewing key system that allows users to share the relevant key with authorities or other parties when needed, enabling selective disclosure of specific transaction records while supporting both privacy protection and regulatory compliance.

South Korean exchange Bithumb announced it will temporarily suspend WAVES deposits and withdrawals at 9:00 a.m. UTC on Sept. 13 to support the Waves network upgrade.

BNB accumulation firm CEA Industry (BNC) said it held 515,544 BNB in the fiscal year ended April 30, valued at more than $380 million. The disclosure suggests CEA Industry did not increase its BNB holdings for at least five months. Earlier, BNC’s underlying stock price also rose as stock token BNC4 and memecoin 4Stock surged, and the stock climbed more than 70% at one point in premarket trading.

Bitcoin’s share held by long-term holders rose sharply during the market correction, according to an analysis by CryptoQuant contributor Darkfost. In a post on X, Darkfost said more investors bought BTC during the correction and held it for more than six months, a pattern commonly seen in bear markets or periods of sharp pullbacks. Darkfost said long-term holdings tend to move less in the short term, which can help support a price floor, although the analyst added that the shift is based on a long-term view and may take time to be reflected in the market.

Visa said more than 160 stablecoin-linked card programs were operating globally as of its fiscal second quarter, with payment volume up about 200% from a year earlier. Settlement volume through stablecoins exceeded $20 billion annually, marking an increase of more than 15-fold from a year earlier.

Bernstein maintained an outperform rating on Robinhood and kept its price target at $160, The Block reported. The investment bank said Robinhood Chain is quickly emerging as a revenue source for Robinhood. According to Bernstein, the chain generated about $33 million in fees over the past 15 days, the highest among all blockchains, with about 90% of that going to Robinhood as revenue. About 10% is paid to Arbitrum, which provided the underlying technology, while less than 1% goes to Ethereum data fees. The value of stock tokens issued on Robinhood Chain rose to $140 million from $10 million over the past two months, while stablecoin supply increased to about $1 billion from $241 million in early July.

South Korean exchange Bithumb announced it will temporarily suspend deposits and withdrawals for DYDX at 9:00 a.m. UTC on Sept. 11 to support a network upgrade.