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Dubai’s Virtual Assets Regulatory Authority (VARA) has signed a memorandum of understanding with tokenization platform Securitize to support a regulated tokenized market and build digital asset infrastructure, Cointelegraph reported. The two sides plan to support tokenization projects, including VARA-led initiatives, expand institutional participation, and review ways to operate tokenized financial products within Dubai’s regulatory framework. VARA said the agreement is intended to establish a framework for cooperation rather than introduce any specific technology or product, adding that there are no plans to announce concrete projects at this stage. Securitize currently manages about $4.9 billion in tokenized assets.

Chainlink said it has entered a strategic partnership with Bottomline, one of the world’s top three SWIFT service providers, to offer cross-chain payment capabilities to Bottomline’s more than 600 banking clients. Using CCIP, or the Cross-Chain Interoperability Protocol, Chainlink will provide a secure interoperability and orchestration layer connecting Bottomline’s existing payments infrastructure with public and private blockchains, allowing tokenized value to move safely across chains. Chainlink said the partnership will give Bottomline’s banking clients access to on-chain payment rails while continuing to use their existing ISO 20022 messaging.

Morpho, a decentralized lending protocol, said on X its total value locked surpassed $14 billion in August, setting an all-time high. Morpho added it now accounts for about 25% of the crypto-collateralized lending market. A chart shared by the protocol showed BTC was the largest deposited asset at about $4.7 billion, followed by USDC at $3.5 billion and other stablecoins at $2.1 billion.

Taiwan’s Financial Supervisory Commission said it has prepared nine subordinate regulations for the Virtual Asset Service Act and is targeting implementation in the first quarter of 2027. The bill classifies virtual asset businesses into seven categories: exchanges, trading platforms, transfers, custody, underwriting, brokerage, and lending, while requiring separate licenses for each line of business. Stablecoins issued in Taiwan would require FSC approval, a peg to fiat currency, and one-to-one reserves. Overseas stablecoins such as USDT and USDC would be classified as products and could be traded on licensed platforms. The current AML registration system would be converted into a formal licensing regime, and existing operators would be given a grace period of up to 21 months. Operating without a license could result in up to seven years in prison and a fine of NT$100 million ($132 million).

Bitcoin’s three-month rolling correlation with gold has climbed to its highest level in about six years, suggesting investors are increasingly using BTC alongside gold as a hedge against currency debasement risk, according to a CoinNess analysis citing Bitwise Europe Head of Research André Dragosch. The analysis said BTC rose 22.4% on a weekly basis and gold gained about 5%, while stocks fell, after yields on long-dated U.S. Treasuries climbed and the U.S. Treasury increased purchases of long-term government bonds. Over the same period, Bitcoin’s correlation with stocks fell to its lowest level in a year, while its correlation with the U.S. Dollar Index (DXY) showed a clear negative reading. Dragosch said BTC and gold often move differently under normal conditions, but investors are increasingly treating the two assets similarly when macroeconomic factors have a strong influence. Investors are now using both gold and BTC, rather than choosing one over the other, as hedges against currency debasement, Dragosch added.

Hyperliquid said a future network upgrade will introduce a HIP-3 feature allowing deployers of HIP-3 perpetual futures markets to grant some operational authority to other addresses. Once HIP-3 is enabled, deployers will be able to add other addresses to an on-chain permissions list they manage directly and assign them certain functions, Hyperliquid said. Existing HIP-3 markets will remain unchanged. The initial version is now available on the testnet, and detailed specifications may change based on feedback. Hyperliquid said the feature would allow each deployer to set operational permissions in line with its own requirements, including regulatory needs, while continuing to retain control over and responsibility for the markets it deployed.

A security incident at Swiss Bitcoin broker Pocket Bitcoin exposed the information of about 5,400 customers, The Block reported. The leaked data included bank transfer records, while some customers also had identification documents and BTC addresses exposed. Pocket Bitcoin said the investigation has been completed, and no evidence has been found so far that the leaked information has been misused.

Initial jobless claims in the U.S. totaled 206,000 last week, above the forecast of 205,000. Weekly jobless claims are a gauge of labor market conditions for the Federal Reserve’s rate decisions. A reading above forecasts can be interpreted as a sign of rising layoffs and a cooling labor market, which could support the case for Fed rate cuts. A reading below forecasts can signal labor market resilience, supporting a decision to hold rates steady or raise them while focusing on curbing inflation.

Cari, a digital currency network led by U.S. regional and mid-sized banks, said it raised $32.5 million. The funding round included six design partner banks in the Cari network: Huntington Bancshares, First Horizon, M&T Bank, KeyCorp, Old National Bancorp and SouthState. Cari said the proceeds will be used to expand the banks’ participation in the network and system integration, while supporting development of applications tied to tokenized deposits and programmable money.

Federal Reserve Governor Christopher Waller said he would support keeping policy rates unchanged if August inflation data extends the recent cooling trend, while also considering backing a September rate hike if the data comes in strong. Waller added that even without a sharp acceleration in inflation, the outlook could still support a more restrictive policy stance. He said a "small adjustment" to the policy rate could help restore progress if the cooling trend in August price data reverses. Waller also said there is considerable uncertainty over how inflation and the economic outlook could be affected by military conflict, trade policy and artificial intelligence, or AI. He added that GDP growth remains solid and rising stock prices could support stronger consumer spending. He said firm energy prices and tariffs are not clear drivers of persistent inflation pressure, and added that labor market conditions remain healthy, with the August employment report expected to continue that trend. Waller also said inflation still carries some upside risk, while wage growth is in line with expectations and returning toward 2%.

Kraken and U.S. digital bank SoFi are partnering in dollar payments and cryptocurrency trading, CoinDesk reported. Kraken parent Payward will use SoFi’s dollar payment network SEN to provide institutional clients with 24-hour U.S. dollar transfers and liquidity management services. Kraken will list SoFi-issued dollar stablecoin SoFiUSD, while SoFi will also use Kraken Prime to secure the liquidity needed for customer crypto trading. The two companies said the partnership could later expand into payments, treasury management, and lending.

ProCap Financial, a Nasdaq-listed U.S. Bitcoin-focused financial company, said it sold about 50 BTC to repurchase 2% of its shares at a price roughly 40% below net asset value, or NAV. Including this buyback, the company has repurchased about 10% of its outstanding shares since launching the share repurchase program. As of the close of the stock market on Sept. 2, Bitcoin holdings stood at about 5,305 BTC, outstanding shares totaled 86,764,282, and NAV per share was about $3.71.

Crypto market maker DWF Labs said it has received approval as a virtual asset service provider from the British Virgin Islands Financial Services Commission. The approval allows DWF Labs to provide cryptocurrency trading services through its locally regulated entity and to participate in financial services related to token issuance and sales. The entity also plans to offer institutional OTC trading and spot market-making services.

An anonymous whale address beginning with 0xad9b withdrew 824,350 HYPE worth $67.52 million from Coinbase over the past 17 hours, according to Onchain Lens on X. Onchain Lens estimates the whale has now withdrawn a total of 865,840 HYPE worth $70.64 million. Exchange outflows are typically interpreted as a sign of holding intent.

Strive CEO Matt Cole has indicated the company plans to increase its Bitcoin holdings to more than 27,000 BTC by year-end, Crypto Briefing reported. The company earlier bought 1,800 BTC for about $143 million in the final week of August. TD Cowen had meanwhile raised its year-end forecast for Strive’s BTC holdings to 27,156 BTC. As of Aug. 28, the company held 23,156 BTC and has been funding its Bitcoin purchases through preferred stock issuance tied to SATA rather than additional common stock sales or borrowing.

Bitcoin is gaining support from a weaker U.S. dollar as recent yen strength pushed the dollar index, or DXY, down to 99.22 and toward its 200-day moving average of 99.1, CoinDesk reported. The report said the current dollar weakness is creating a favorable backdrop for dollar-denominated assets such as Bitcoin and gold, helping support BTC’s rise. At the same time, CoinDesk noted that if the yen’s advance continues, broader risk assets could face heavier selling pressure as yen carry trades unwind. It added that in August 2024, an unwind in the yen carry trade sent BTC down 20% within days.

The view that rising developed-market government bond yields are inherently negative for Bitcoin may no longer hold, according to a CoinDesk analysis. U.S. 10-year Treasury yields have risen 58 basis points this year to 4.81%, while the dollar index has gained just 0.9% over the same period, CoinDesk said. In Japan, 10-year government bond yields climbed 90 basis points, while the yen weakened instead. That suggests markets may be interpreting higher yields not as a sign of economic strength or currency strength, but as a signal of growing government fiscal strain. If that trend continues, CoinDesk said, it could favor assets such as BTC and gold, whose supply is difficult to expand arbitrarily.

The 90-day SSR oscillator, a gauge of stablecoin buying demand, entered the strong zone and rose to 3.74 on Aug. 21 before turning lower, according to a CryptoQuant analysis by contributor Zizcrypto. Zizcrypto said 3.74 was close to the level seen in November 2024, when the indicator climbed to around 4.00. If the gauge keeps falling and drops below the high zone, it would suggest the stablecoin demand that supported the latest rebound has also weakened, Zizcrypto said. In that case, the recent move may have reflected a temporary liquidity inflow rather than sustained demand growth.

BTC is forming a falling wedge on the daily chart and is likely to remain range-bound for some time, crypto trader Killa said on X. Killa added that markets typically spend about 80% of the time moving sideways and 20% in either an uptrend or a correction, and said BTC may need to spend more time in that consolidation phase after its recent gain. Even if the falling wedge breaks to the upside, Killa said there is a high chance of a fakeout, with price returning to its previous range.

Meme coins traded against stock tokens on Robinhood Chain posted $217 million in volume on Sept. 2, exceeding the stock tokens’ own $127 million turnover, CryptoSlate reported, citing data from on-chain analyst Adam Tehc. According to the outlet, the use of stock tokens in meme coin trading has also led to sharp price distortions. HIMS, the stock token tied to U.S. telehealth company Hims & Hers, previously saw about 53% of its circulating supply placed into a liquidity pool for BONER trading, sharply reducing the amount available for regular trading. With U.S. stock markets closed over the weekend, new HIMS token supply was also limited, sending the price as high as $132.64, about 4.6 times Friday’s closing price of $28.84. After stock trading resumed and additional HIMS tokens were issued, the price fell back toward the stock’s level.

Solana processes around 20% of global stablecoin transactions, Geoff Kendrick, head of digital asset research at Standard Chartered, said on the podcast 'House of Sol.' Kendrick said about $7 trillion moves each month through stablecoins, while use cases are becoming more segmented across blockchain networks and corporate adoption of stablecoins is also expanding.

Outcome, a prediction market on Hyperliquid (HYPE), posted a record daily trading volume of $3.22 million on Sept. 2, according to Hyperliquid News on X.

Alliance Global Partners (AGP), a New York-based investment bank with $2.3 billion in assets under management, has initiated coverage of Strategy (MSTR) with a buy rating and a $217 price target, BitcoinTreasuries.net reported. That implies about 75% upside from the current share price.

The number of Bitcoin addresses holding at least one satoshi has surpassed 60 million, reaching 60.029 million, Jinse Finance reported, citing data from AICoin.

Ukraine’s Security Service uncovered an operation in the Kyiv region that ran a fake cryptocurrency investment platform and stole crypto wallets from users in more than 20 countries, Decrypt reported. Authorities have identified 62 victims so far, with monthly losses reaching as much as $1 million. The scheme manipulated trading records to make balances appear to keep rising after users deposited funds on the fraudulent platform. When users tried to withdraw money, the operators allegedly prompted them to connect their main wallets and then carried out the theft using hacking software.