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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.

El Salvador’s government has continued buying Bitcoin, lifting its national holdings to 7,762 BTC, Bitcoin.com reported. The government is maintaining a policy of purchasing one BTC a day regardless of Bitcoin’s price. From January through April this year, it added more than 1,600 BTC, and it has maintained its buying stance into the fifth year since launching its Bitcoin policy in 2021.

Robinhood announced the listing of PONS.

The three major U.S. stock indices opened mixed today. - S&P 500: +0.09% - Nasdaq: -0.02% - Dow Jones: +0.37%

U.S. federal law enforcement agencies and cybersecurity firm CrowdStrike have dismantled the Sality botnet, which covertly changed users’ cryptocurrency wallet addresses to steal funds, CoinDesk reported. Sality had been active since 2003 and was used over the past eight years to intercept crypto transfers. At the center of the attack was clipboard-monitoring malware known as “Egregor.” When users copied a Bitcoin or Ethereum wallet address, the malware detected it and replaced it with an attacker-controlled address. If victims failed to notice the switch and pasted the altered address into a transaction, the funds were sent to the attackers. CrowdStrike estimated at least 12.1 million rubles, or about $150,000, was stolen over eight years. The firm added that the value of the attackers’ holdings rose with crypto prices, reaching as much as $1.35 million in early 2025 as a large share of the stolen assets was apparently kept rather than sold.

Wyoming will use Chainlink (LINK) to verify on-chain, in near real time, the reserves backing FRNT, its official stable token, The Block reported. According to the Wyoming Stable Token Commission, the move will make it possible to verify FRNT’s reserve assets on-chain on a near real-time basis. The commission plans to continuously disclose the status of the reserves by combining independent external verification with automated on-chain checks.

Coinbase announced support for cryptocurrency derivatives trading for eligible investors in Canada. The products will be offered through Coinbase Financial Markets. Coinbase said it has become the first exchange to directly offer crypto-based futures products in Canada.

NYSE-listed e-commerce company DDC Enterprise said in its first-half earnings report that its BTC holdings rose 145% to 2,899 from 1,181 at the end of last year. The company posted a net loss of $38.4 million for the first half, including $34.3 million in unrealized valuation losses on its BTC holdings.

Socios.com, the sports token platform under Chiliz (CHZ), said it plans to work with tokenization platform Securitize on a project to tokenize equity stakes in professional sports teams. The two companies plan to work with teams, existing owners and institutional investors to issue minority stakes in pro sports clubs as "Socios Equity Token" products. Socios.com will handle club partnerships and fan-facing services, while Securitize will oversee tokenized securities issuance, investor onboarding, ownership management and trading restrictions.

Sui announced on X support for Crabata, a regulated stablecoin infrastructure platform in Latin America. Crabata has secured 5 million users across the region and offers global accounts that can be integrated with stablecoin transfers, payments and services. Through Sui, Crabata’s regulated stablecoin payment infrastructure in Latin America has expanded to the Sui network.

Shares of Nakamoto, led by CEO David Bailey, a Bitcoin adviser to President Donald Trump, have fallen about 99% from their peak, Bloomberg reported. The company raised about $760 million last year to build a Bitcoin reserve and announced plans in May 2025 to go public through a merger, but the stock later plunged. Bloomberg linked the drop to a broader decline in shares of listed companies holding large amounts of Bitcoin, while Bailey said he is now focused on proving Nakamoto has a sustainable business model beyond its Bitcoin holdings.

Solana Foundation Chair Lily Liu said a long-term token asset supercycle is taking shape as capital, assets and ownership shift to blockchain-based internet infrastructure. In a contributed article, Liu said tokenization is not simply the process of moving traditional assets onto a blockchain, but a fundamental change in how assets are issued and held, how funding is raised, and how trading is conducted in a 24-hour market. Liu said the shift is being driven by stablecoins, the securitization of financial institutions' assets, and advances in blockchain infrastructure. Stablecoins have already demonstrated the potential for global on-chain fund transfers, while blockchain networks are approaching the speed and cost levels needed for real-world economic activity, Liu added. Liu also said almost any asset with clear ownership could now be tokenized, broadening distribution and creating new opportunities for fundraising and trading. Over the past year, Solana's tokenized real-world asset, or RWA, trading volume reached hundreds of billions of dollars, while U.S. Treasuries, stocks and private credit were tokenized, according to Liu. Over the same period, stablecoin transfer volume topped $4.7 trillion, Liu said. Tokenization could also expand investment access by lowering barriers tied to geography, minimum investment thresholds and investor qualifications, while increasing opportunities to use held assets as collateral or generate yield, Liu said.

BTC and XRP may be forming a so-called 'Bart Simpson pattern,' in which prices surge, move sideways, and then quickly give back gains, CoinDesk reported. BTC rose from $64,420 on Aug. 19 to around $80,700 on Aug. 25 before slipping to about $76,500. Frank Hepworth, founder of Newmarket Trading, said BTC failed to break above the key resistance level at $81,000 and could fall to $70,000, with downside open to $58,000 if selling pressure strengthens. XRP also jumped from $1 to $1.52 before declining to around $1.32, and Hepworth said it could retreat to between $0.55 and $1.21 if BTC enters a correction.

U.S. Treasury Secretary Scott Bessent warned the cryptocurrency sector could also become a target of new sanctions as Washington engages with parties linked to support for Iran. The United States plans to systematically exclude improper actors in connection with the Iran issue, and is also advising relevant parties to distance themselves from related transactions and cooperation involving Iran and Russia and not support those regimes.

Hong Kong digital asset firm HashKey Group has joined the Depository Trust & Clearing Corporation’s digital asset tokenization working group as the first Asian digital asset company to do so, Crypto Briefing reported. The group includes more than 100 global financial institutions, including JPMorgan and Goldman Sachs, and is working to establish standards for the issuance, settlement and custody of tokenized real-world assets. DTCC completed its first tokenized transaction in a live operating environment in July and plans to launch a standardized tokenization service in October.