US stocks and cryptocurrencies enter a historically weak September after the S&P 500 gained more than 2% in August. Bitcoin gained 24.95% in August, while Ethereum gained 32.5%. Recent September gains for Bitcoin and the S&P 500 have challenged their long-term seasonal patterns.
Ark Invest bought roughly $37.4 million worth of Block shares on Monday. The purchase covered 456,059 shares across three Ark ETFs. Ark also bought 35,192 shares of Circle Internet Group worth $3.36 million.
US-listed spot Bitcoin ETFs recorded $216.7 million in net inflows on Monday, led almost entirely by BlackRock. BlackRock's iShares Bitcoin Trust ETF attracted $205.9 million, or about 95% of the category's daily total. Ether ETFs recorded an 11th consecutive inflow session, while XRP and Solana ETFs each recorded a 10th consecutive positive session.
Bitcoin stays near $78,000 as HYPE leads and majors slip
Bitcoin held near $78,000 as HYPE gained about 4% and other major cryptocurrencies declined amid hawkish Federal Reserve bets. Traders are watching Friday's August jobs report, which could lift yields further and test bitcoin's overnight low near $77,200. Bitcoin gained 24% in August, its strongest month since November 2024.
Trump Jr.'s firm reportedly leads $1 billion Polymarket raise at $21 billion value
Donald Trump Jr.'s venture capital firm 1789 Capital reportedly leads a $1 billion Polymarket funding round at a $21 billion valuation. The firm is contributing about $300 million, spokesperson Alexa Henning said. The round follows Polymarket's previous valuation of about $15 billion.
Thailand SEC seeks comments on retail access to overseas crypto derivatives
Thailand's SEC is seeking comments on proposed rules that would let intermediaries provide retail access to certain overseas crypto derivatives. Eligible products would need to resemble derivatives traded in Thailand and meet exchange-clearing and regulatory oversight requirements. Products that fail the conditions could be offered only to institutional investors.
XRP rallied 40% as traders cut leveraged positions and CME exposure grew. Total XRP futures open interest fell to about 2.34 billion tokens on Aug. 31 from 2.77 billion on Aug. 17. CME XRP open interest rose to about 387 million tokens from 284 million.
John Ternus becomes Apple's CEO as Apple faces an AI test and AAPL stock slips. Ternus replaces Tim Cook, who becomes executive chairman after 15 years as CEO. AAPL closed at $316.85, down 0.89% from Friday's $319.70 close, according to TradingView data.
DeFi Development Corp proposes $20 million offering to buy more SOL
DeFi Development Corp. proposed raising up to $20 million through a preferred stock offering to fund additional SOL purchases. The shares would pay dividends at a variable rate starting at 13% a year. The company also plans to use proceeds for other crypto-related investments and general corporate purposes.
President Trump added nine pharmaceutical firms to his drug-pricing deal on Monday. The companies pledged $19.6 billion combined toward U.S. manufacturing. The SPDR S&P Biotech ETF has climbed 80% in the last 12 months.
North Korea-linked wallets move more than $30 million through Hyperliquid
Wallets tied to North Korea's Lazarus Group moved more than $30 million in Bitcoin through Hyperliquid over three weeks. The activity raises sanctions questions as Hyperliquid pursues US market access. President Trump said CFTC Chairman Michael Selig was working to bring Hyperliquid into the United States in a compliant and legal fashion.
Kalshi issues George Santos its first-ever lifetime trading ban
Kalshi issued George Santos a lifetime trading ban and fined him more than $70,000 for manipulating a market tied to his own State of the Union attendance. The ban came less than a year after Donald Trump commuted Santos's seven-year prison sentence. Santos served less than three months before he left prison.
Brazil court suspends Renan Santos campaign, freezes R$3.3 million
Brazil's top electoral court suspended presidential candidate Renan Santos's digital campaign and froze R$3.3 million in public funds on August 31. The ruling came weeks after Santos became the only contender to publicly back a national Bitcoin reserve. Justice Dias Toffoli barred Santos and running mate Aroldo Medina from debates. Toffoli also ruled that 16 campaign profiles could not carry paid political ads.
Dell earnings could swing stock 11% with a $52 straddle
Dell Technologies is due to report fiscal second-quarter results Tuesday after the close, and options contracts imply a roughly 11% move in either direction. The at-the-money straddle costs about $52 against Dell's $456.01 Monday close. Dell guided for quarterly revenue of $44 billion to $45 billion and adjusted earnings of about $4.80 a share.
Strategy allocated $602.8 million from MSTR common-share sales to Bitcoin purchases, STRC support, and cash. The company sold 4,531,421 MSTR shares in one week. The filing allocated $369.7 million to Bitcoin purchases. It allocated $151.8 million to STRC repurchases.
Ontology suspended mainnet block production while its technical team and validators investigated a potential security concern. The project announced the pause at 09:09 UTC on Aug. 31. Ontology reported no confirmed exploit or asset loss, and it disclosed no restart timetable.
Tom Lee says September crash fears could trigger a stock rally and push Bitcoin toward $150,000. Lee identifies the Federal Reserve's September 15 meeting as the point that could determine market direction. Lee expects policymakers to neither raise nor cut interest rates.
Robinhood Chain recorded a record $989 million in single-day DEX trading volume on Friday. Total value locked reached a record $708 million after a near 100% month-over-month increase. Stablecoin supply reached about $770 million after a 47% month-over-month increase.
BIS chief warns stablecoin race could raise bank loan costs
Bank for International Settlements chief Pablo Hernández de Cos warned on August 28 that stablecoins could make borrowing more expensive. The stablecoin market holds roughly $304 billion, including about $183 billion in Tether and $74 billion in USDC. Qivalis has brought 37 European banks together around a planned shared euro stablecoin.
Phemex placed 82 unique USDT spot pairs under Special Treatment on Aug. 31. The measure requires users to pass a Risk Cognizance Test before trading the pairs. The designation is not a delisting, but Phemex may remove or later delist affected tokens if conditions change.
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