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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.

Whale Alert reported that 203,300,497 USDC has been transferred from Coinbase Institutional to an unknown wallet. The transaction is valued at about $203 million.

Crypto market maker Wintermute said the cryptocurrency market has rebounded recently, but fresh capital is still needed for a full-fledged new bull market, and real-world assets could fill that role. Wintermute said venture capital and ICOs in 2017-2018, stablecoins in 2020-2021, and ETFs and corporate crypto reserve holders in 2024-2025 all accelerated bull markets. The firm added that tokenized real-world assets, or RWA, could become the next major liquidity channel. It said the value of on-chain asset tokens has doubled over the past year to more than $300 billion and kept expanding even during periods of declining stablecoin supply. According to Wintermute, the initial funds used to buy RWA came from capital previously allocated to traditional assets such as Apple shares and U.S. Treasuries. Once that capital moves onto blockchain rails, however, barriers to shifting into BTC, altcoins and DeFi could fall sharply, the firm said. As regulatory frameworks become clearer and tokenized Treasuries and funds begin to be used as collateral across multiple platforms and in DeFi, RWA could drive a slower but longer-lasting market cycle, Wintermute added.

Bhutan’s royal government transferred 400 BTC, worth about $30.62 million, to a newly created address, according to Lookonchain. The purpose of the transfer was not identified.

Bitcoin miner Hyperscale Data halted Bitcoin mining at its Michigan data center on Sept. 1, Crypto Briefing reported. The company plans to use the power for higher-margin operations and has signed a master services agreement through its subsidiary Alliance Cloud Services to convert the Michigan facility into an AI data center.

Thailand’s Securities and Exchange Commission has finalized a crypto travel rule that will require digital asset businesses to verify sender and recipient information, according to Crypto Briefing. Under the rule, all digital asset operators in Thailand must collect, transmit, and verify information tied to cryptocurrency deposits and withdrawals. The regulation will take effect on Feb. 27, 2027, giving the industry about 18 months to prepare.

U.S. Commerce Secretary Howard Lutnick said markets will stabilize and the bond market will drive interest rates lower. Lutnick expressed optimism about the bond market outlook, saying rates will stabilize and begin to decline within the next six months, adding, "our very favorable position."

Global financial infrastructure platform OpenPayd has moved to expand its U.S. business after completing its merger with MSB USA, CryptoPotato reported. Through the integration, OpenPayd secured money transmitter licenses in 43 U.S. states, strengthening its regulatory footing to broaden local financial services.

On-chain analyst Axel Adler Jr. said BTC’s composite investor sentiment index fell to 70.05 on Sept. 2 from 88.11 on Aug. 24 but remained in extreme greed territory. Over the same period, BTC slipped slightly to $77,640 from $78,680, suggesting strong investor sentiment did not translate into further price gains. Adler said elevated sentiment alone is not a bearish signal, but when prices fail to rise despite excessive optimism, the market may become more vulnerable to downside pressure if buying weakens.

Grayscale, Andreessen Horowitz and the Crypto Council for Innovation have urged the U.S. SEC not to regulate new types of exchange-traded products under a one-size-fits-all framework and instead review them on a case-by-case basis, Cointelegraph reported. They argued crypto-based products should not be classified simply as "new products" in ways that trigger additional regulation or delay launches, and also opposed automatically subjecting products holding non-securities assets to the Investment Company Act. Instead, they proposed improving the approval process by setting clearer review timelines and introducing procedures such as private pre-filing consultations.

CryptoQuant contributor Darkfost said buying momentum in the BTC futures market is weakening. Darkfost said the 30-day average net taker volume recently plunged to $97.8 billion from $213.7 billion, while the taker buy/sell ratio, which had risen to 1.21 on Aug. 19, shifted to seller dominance starting Aug. 30. The analyst added optimism seen when BTC broke above $65,000 has faded and short positions are increasing, indicating market conditions appear to be deteriorating in the near term.

Crypto-related stocks were broadly lower in U.S. premarket trading, with Circle (CRCL) down 2.48%, Strategy (MSTR) down 2.08%, and Coinbase (COIN) down 1.83%.

LD Capital founder Jack Yi said on X that BTC had recently failed to break through the $81,000 resistance level, and Yi expects a pullback to $75,500-$76,000 before it rises again to test the next resistance level at $86,000.

Bitcoin rose about 25% in August, marking its strongest August performance since 2017, but investor sentiment did not strengthen at the same pace as prices, according to on-chain analytics firm Santiment. Santiment said Bitcoin surged from around $64,700 on Aug. 18 to about $78,300 on Aug. 21. Even so, the average sentiment balance, a gauge of investor sentiment, stood at just +32 from Aug. 19 to 31, lower than the +72 recorded in July when Bitcoin had traded sideways at around $63,000. Santiment said the Coldcard hack in early August appears to have weighed on sentiment. The indicator fell to -540 on Aug. 1 in the wake of the incident and recovered to around zero only near Aug. 19, when the rally began. Santiment added that no signs of overheating emerged even after the uptrend started. During the rally, the daily peak in sentiment balance was +73, versus +183 in July during the extended sideways market. Bitcoin has entered an uptrend, Santiment said, but investor sentiment has yet to catch up.

Blockchain-based lending platform Figure said it has completed its $717 million acquisition of U.S. real estate lender Kiavi. The deal brings Kiavi’s lending technology and operating platform into Figure’s blockchain-based lending marketplace. Kiavi is expected to add more than $7 billion in annual new loan volume to Figure Connect, the company’s lending platform, and supply more than $100 million in loans each month to its on-chain lending platform, Democratized Prime.

DeFi Technologies, the parent of Swiss crypto ETP provider Valour, is facing a Nasdaq delisting review after failing to meet the exchange’s minimum share price requirement, CryptoSlate reported. Nasdaq told the company in March that its stock had traded below $1 for 30 consecutive trading days and required it to stay at or above $1 for at least 10 straight trading days by Sept. 1. DEFT, however, closed at $0.6032 on Aug. 31, making it impossible to meet the requirement by the deadline. Nasdaq may now review whether the company meets additional listing standards and either grant up to 180 more days to regain compliance or issue a delisting notice. The company also has not yet implemented a reverse stock split approved by its board.

Sui said it will hold the Sui Basecamp conference during Token2049 in Singapore in October. Sui described Basecamp as the largest annual global conference in the Sui ecosystem, where it plans to present the rollout of native BTC (Hashi), gas-free payments, and roadmaps for developers and the broader ecosystem. At the same time, Sui is running an event for the Korean community with the Telegram channel Coin Gachi Invest to support attendance at Sui Basecamp. Winners selected by lottery will receive flights to Singapore, hotel accommodations, and passes to the conference.

An anonymous whale bought 155,980 HYPE worth $12.91 million, according to Onchain Lens. The tokens are staked.

Raphael Zagury, CEO of U.S.-listed Bitcoin accumulation company Twenty One Capital (XXI), said Bitcoin is going through its first-ever hash-rate bear market, according to Wu Blockchain. Zagury said the Bitcoin network’s hash rate climbed to nearly 1.3 ZH/s late last year and has declined steadily since then. He said the current stretch is already the longest period so far for the hash rate to recover after hitting a record high. He added the current situation differs from the hash-rate decline that followed China’s 2021 ban on cryptocurrency mining. At the time, mining companies mainly relocated to other regions and the hash rate gradually recovered, he said. Zagury said the Bitcoin mining industry is now competing with new infrastructure tied to AI and high-performance computing, and almost all publicly listed miners are shifting away from Bitcoin mining and toward AI.

A CoinNess analysis by CryptoQuant contributor @gaah_im said Bitcoin’s cycle momentum indicator has moved back into positive territory after eight months in a bearish phase, raising the likelihood that BTC could break out of its downtrend. The analyst said the signal suggests BTC is more likely to break its downtrend and reverse the bear market, although confirmation would require the indicator to climb to the 20-30 range over the coming weeks as the price recovery continues. According to the chart shared by the analyst, the momentum reading currently stands at 0.4.

South Korea’s Democratic Party and People Power Party have agreed to hold regular joint policy committee meetings every two weeks, with non-contentious bills to be processed first and disputed measures such as the Framework Act on Digital Assets to be reviewed through further deliberation at the policy committee level, Digital Asset reported. The two parties held a joint policy committee meeting at the National Assembly’s main building on Sept. 1, but did not discuss specific bills including the digital asset law, according to the report. Kwon said no concrete bills were discussed at the meeting and the two parties agreed their policy committees would serve as a venue for bipartisan deliberation on contentious issues where views differ.

Europe-listed Capital B, which has been strategically buying Bitcoin, said it is pursuing a capital increase to raise €7.6 million ($8.79 million) from Blockstream CEO Adam Back and could use the proceeds and existing operating funds to buy up to 376 more BTC. If the purchases are completed in full, the company’s holdings would rise to as much as 3,521 BTC. The share sale would involve issuing 13,181,030 new shares at €0.58 per share, along with four subscription rights for each new share.

AI agent platform Almanak announced the launch of an agentic DeFi strategy platform that lets users turn ideas described in natural language into quantitative strategies executed on-chain. The company said the platform covers the full strategy workflow, from capturing market signals and designing strategies to backtesting, deployment and real-time monitoring. Strategies are deployed through users’ Safe wallets and run on a non-custodial basis without requiring users to hand over assets, while the strategy code is publicly available for anyone to verify. At launch, Almanak supports seven blockchain networks: Ethereum, Arbitrum, Base, BNB Chain, Polygon, Optimism and Avalanche. Available strategies include liquidity provision, yield optimization, delta-neutral trading, and tokenized stocks and commodities.