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An anonymous whale whose wallet starts with 0xEe0A deposited a total of 232,610 HYPE worth $19.67 million into Bybit and Gate over the past two weeks, according to Lookonchain. Such exchange deposits are typically interpreted as intended for selling.

CoinMarketCap’s Altcoin Season Index rose nine points from yesterday to 51. The index is calculated by comparing the price performance of Bitcoin with that of the top 100 cryptocurrencies by market capitalization, excluding stablecoins and wrapped coins. A reading is considered altcoin season when 75% of the top 100 coins outperform Bitcoin over the past 90 days, while the opposite is considered Bitcoin season. The closer the index is to 100, the more it indicates altcoin season.

Hunter Biden, the son of former U.S. President Joe Biden, addressed the purpose behind the LAPTOP memecoin launch for the first time on X, saying he had turned a symbol used to destroy him into one of recovery and resurgence. He said that if others had weaponized the laptop, he had turned it into a token. Biden said 20% of the total token supply will be airdropped to the community, including some users who lost money investing in Donald Trump’s TRUMP token. He added that 30% will either be permanently burned or donated to charities depending on whether predetermined real-world conditions are met, while a separate 50 million LAPTOP has also been allocated for charitable purposes. Biden said no one should expect him or anyone else to increase the token’s value. The LAPTOP token is set for an official launch on the Base network today. The laptop issue involving Hunter Biden emerged as a political scandal ahead of the 2020 U.S. presidential election and has continued to be referenced in U.S. politics and the cryptocurrency market as a prominent political meme.

Kakao Pay has completed a proof of concept for technology to build a digital asset wallet for stablecoins and other assets, The Today reported. The project focused on expanding its existing Kakao Pay Money wallet, used by 43 million people, into an integrated digital asset wallet capable of storing blockchain-based onchain assets. The company also verified technology needed for digital asset transfers, payments and settlement in a high-traffic environment, and built a user interface.

CoinMarketCap’s in-house crypto fear and greed index came in at 72, down one point from yesterday, with the market remaining in greed territory. The index is designed so values closer to zero indicate extreme fear, while readings closer to 100 signal extreme optimism. CoinMarketCap calculates the gauge based on the price moves of 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.

Ten South Korean banks, including KB Kookmin Bank, Shinhan Bank and Woori Bank, have begun working-level consultations on Pangea, a South Korea-Europe stablecoin remittance project, Money Today reported. Pangea is a proof-of-concept project aimed at developing a stablecoin-based remittance model involving Unica, a South Korean banking consortium, and Kivallis, a European banking community. Cross-border remittances have traditionally taken several days as they had to pass through SWIFT and other intermediary institutions, while the use of stablecoins is expected to streamline the process.

Galaxy Digital deposited 95,270 HYPE, worth about $8.11 million, to Bybit and OKX over the past four hours, according to Onchain Lens. Exchange deposits are typically seen as a sign of potential selling.

Amar Kuchinad, CEO of cryptocurrency custody firm Copper, has stepped down, CoinDesk reported. Copper’s search for a buyer has now stretched into a fourth month. Cantor Fitzgerald was selected to oversee the sale, with an asking price of $500 million. But actual acquisition offers were running at around $200 million, according to a report last month, far below the more than $2 billion valuation Copper had once received.

U.S. spot Bitcoin ETFs still show roughly $1 billion in net outflows for the year despite recent large inflows, Cryptopolitan reported. Data as of Sept. 8 showed major Bitcoin ETFs including BlackRock’s IBIT and Fidelity’s FBTC had seen sustained net outflows for a considerable period, though recent strong inflows recouped most of those losses. The inflows were concentrated over a short period. Net inflows reached about $3.8 billion during the three weeks through early September, including $730.9 million on Sept. 3 alone. For the week through Sept. 5, net inflows totaled $986.9 million, narrowing cumulative net outflows since the start of the year to under $1 billion.

A South Korean parliamentary budget office report estimated that if won-denominated stablecoins replace existing credit card payments, annual cost savings could range from 370 billion won ($273 million) to 5.15 trillion won ($3.8 billion), Edaily reported. According to the report on stablecoins' impact on financial markets and policy implications, the office attributed the potential savings to a blockchain-based direct payment structure. The office added, however, that wider stablecoin use in payments could weigh on the existing financial industry. Lower merchant fees could reduce card companies' earnings, while a shift of funds into stablecoins could shrink bank deposits and weaken financial intermediation, according to the report.

Stellar stablecoin transfer volume rose 50% over 30 days to $8.92 billion, Cointelegraph reported. Over the same period, stablecoin supply fell 11.7% to $387.9 million.

According to CME FedWatch, the Federal Reserve has a 40.6% chance of holding rates steady in September and a 59.4% chance of a 25-basis-point hike. By October, the probability of rates remaining unchanged stands at 29.8%, while the cumulative odds of a 25-basis-point increase are 54.4% and the cumulative odds of a 50-basis-point increase are 15.8%.

The value of virtual assets gifted to minor children in South Korea nearly tripled in a year, JoongAng Ilbo reported. Data from the office of Democratic Party lawmaker Chung Tae-ho, a member of the National Assembly’s Strategy and Finance Committee, showed total cryptocurrency inheritance and gift cases reached 423 cases worth 45.862 billion won last year. That was up 2.4 times in case count and 3.4 times in value from a year earlier. Of that total, virtual assets gifted to minors age 18 and under came to 4.034 billion won last year, up 2.7 times from 1.47 billion won in 2024. The number of such gift cases rose to 103 from 53, nearly doubling in a year. Gifts to minors accounted for about one-third of all 360 gift cases last year, while cases involving children age 11 and under increased notably to 65 from 28.

Plattsburgh, New York, is considering a 12-month halt on new permits for cryptocurrency mining and AI data centers, among other high-power computing facilities, Cointelegraph reported. According to the report, the city recently held a public hearing on a proposed ordinance that would temporarily restrict land use for certain high-power computing facilities, including crypto mining and AI data centers. If approved, the measure would suspend new permits for related facilities requiring over 300 kilowatts of power for 12 months. Plattsburgh Mayor Wendell Hughes has not approved the ordinance so far, and the city council is scheduled to hold another meeting on Sept. 17.

U.S.-listed Bitcoin mining company CleanSpark mined 593 BTC in August, Crypto Briefing reported. As of Aug. 31, CleanSpark held 13,703 BTC, while its cumulative Bitcoin production for the year stood at 4,900 BTC at the end of August.

ARK Invest has applied to the U.S. SEC for approval to introduce tokenized interests using distributed ledger technology, or DLT, in its venture fund, The Defiant reported. The ARK Venture Fund is a closed-end interval fund that continuously accepts investors and had $562 million in total assets as of Jan. 31, according to the report. The fund targeted for tokenization is separate from the ARK Innovation ETF, or ARKK, which has about $6.55 billion in assets.

Coinbase announced the addition of Concrete (CP) to its listing roadmap.

Steve Witkoff, President Donald Trump’s envoy, generated $107 million in income through his holding company in 2025, more than triple the $34 million reported a year earlier, The Block reported, citing Bloomberg. According to the report, Witkoff held a stake in World Liberty Financial (WLFI), a cryptocurrency project linked to the Trump family, through that holding company. It added that the financial disclosure did not separately specify how much of the total income came directly from WLFI, making it difficult to tie the entire increase to the crypto business. The outlet described Witkoff as a WLFI co-founder and said Jack Witkoff, Steve Witkoff’s son, is currently the project’s CEO.

Jack Dorsey-founded payments company Block has applied for a U.S. federal national trust bank charter to offer Bitcoin custody services, Crypto Briefing reported. The company is currently seeking to establish Builders Bank, a non-deposit national trust bank. If approved, Builders Bank would be able to provide custody services for digital assets including BTC under the supervision of the U.S. Office of the Comptroller of the Currency, or OCC.

Nasdaq-listed DeFi Development (DFDV) has completed an $11 million sale of CHAD preferred stock, with the proceeds set to be used for additional SOL purchases, The Block reported. CHAD is a floating-rate Series C perpetual preferred stock with an initial annual dividend rate of 13%. Based on the offering price, the initial effective yield is around 16.25%, and the first regular dividend is scheduled to be paid on Oct. 1. Fundstrat’s Tom Lee also participated in the offering.

The three major U.S. stock indices closed lower today. - S&P 500: -0.43% - Nasdaq: -0.25% - Dow Jones: -1.05%

Utah authorities can enforce gambling-related laws against U.S. prediction market platform Kalshi after an emergency injunction request filed during the company’s appeal was denied, CoinGape reported. Legal expert Daniel Wallach said on X that the U.S. Court of Appeals for the 10th Circuit denied Kalshi’s request for an injunction pending appeal. Wallach said Kalshi had asked the court to block Utah from pursuing civil or criminal action against the company while the appeal moves forward. Kalshi argues its sports event contracts qualify as swaps, giving the U.S. Commodity Futures Trading Commission exclusive oversight, while multiple state governments maintain the products are effectively sports betting and therefore subject to state regulation.

Ripple Chief Legal Officer Stuart Alderoty said he asked Senate offices representing lawmakers opposed to the Clarity Act or still undecided to meet directly with actual U.S. cryptocurrency holders before the vote. In a post on X, Alderoty said he personally conveyed the request to Senate offices, adding the meetings should involve ordinary people who hold crypto and have their own stories, rather than lobbyists or industry executives. He said about 67 million people in the U.S. currently hold cryptocurrency and should have a chance to make their voices heard because they will be affected by the vote.

CryptoQuant CEO Ki Young Ju said on X the current consensus among Bitcoin analysts is "STRONG BUY."

The Compound Foundation has launched a lending service exclusively for institutional investors, Crypto Briefing reported. Access is limited to pre-screened institutions, while collateral assets, loan-to-value ratios and risk management are operated separately from the broader market. The structure allows regulated financial institutions to use Compound’s lending infrastructure in a distinct environment.