cryptomarketnews

Coinbase (COIN): CEO Brian Armstrong met with President Trump in the White House and said that the Clarity Act could move forward after Senator John Thune scheduled a Senate vote for mid-September.
At Coinbase Global (COIN), July spot trading turnover fell 26.4% year over year, contributing to a reduction in volumes; total July spot trading turnover across 14 exchanges dropped 21.7% to $429.0 billion.

The 90-day correlation of the first cryptocurrency with gold has risen to its highest level since 2020. At the same time, Bitcoin has lost its link with the stock market, according to a note from Bitwise research chief Andrei Dragoshe.
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“[...] in truly important situations, Bitcoin can act like ‘digital gold’. And now this factor may start to matter for the market,” the expert noted.

The US state of Wyoming is implementing near real-time reserve verification on-chain for the state-issued Frontier Stable Token through enhanced integration with the Chainlink oracle blockchain network.
Wyoming’s stablecoin regulator said on Wednesday that it has implemented Chainlink Proof of Reserve to publish verified data on reserves and the FRNT supply on-chain. The system combines independent checks carried out by The Network Firm with Chainlink infrastructure to make the data available in near real time.

PancakeSwap will stop accepting responses for the 25th stage of the “Mystery Stock” quiz on September 3 at 23:00 UTC.
To participate, you can guess the stock and make one swap for $24 via the Stock Terminal, post your answer on X, or use both methods.
For more detailed information, you can read the official CAKE tweet.

Australian crypto companies relying on temporary regulatory relief must submit an application for a financial services licence by September 30 or face sanctions, including fines of up to 10% of annual turnover.
On Wednesday, the Australian Securities and Investments Commission (ASIC) said that companies that require an Australian financial services licence must apply for it or request changes to an existing licence by the deadline. Companies that need licences to operate in the market or for clearing and settlement must also notify the regulator and hold a pre-application meeting before submitting their application.

Ondo Finance urges U.S. regulators to bring back perpetual futures tied to individual stocks in the United States, arguing that these products can already operate under the country’s existing securities futures regime without introducing new rules.
In three letters with comments dated August 24, sent to the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC), Ondo stated that existing rules may allow for perpetual equity futures while also taking into account modern margining methods and on-chain market data.

The U.S. Securities and Exchange Commission (SEC) has for the first time in a long time proposed a substantial update to the requirements for registered transfer agents. The proposal takes into account electronic recordkeeping, tokenized securities, and the use of blockchain for maintaining shareholder ownership registers.

Goldman Sachs, Bank of America, Citi, and Deutsche Bank, along with a number of other credit institutions, will jointly undertake the issuance of a stablecoin whose exchange rate will be pegged to the US dollar. The launch is scheduled for the first half of 2027. Previously, the British fintech Revolut announced its own stablecoin pegged to the euro.

It took Bitcoin breaking out of a prolonged sideways range, rising 25% to $80K in August, and a number of major altcoins delivered nearly a twofold gain. The rally in almost every cryptocurrency was accompanied by a news backdrop, and some of them even started actively climbing before Bitcoin’s breakout from mid-month.

Ripple, a provider of enterprise blockchain-based solutions, has partnered with SettleMint, a digital asset infrastructure company, to offer financial institutions solutions for the custody, issuance, and management of tokenized assets throughout their lifecycle.

Payward (owner of the Kraken crypto exchange) and the London Stock Exchange (LSE) will move the shares of the 100 largest UK companies to the blockchain as xStocks tokens with 1:1 backing.
The tokens will be available to retail and institutional investors in more than 110 countries through the Kraken platform and the xStocks Alliance network. However, due to regulatory restrictions, UK residents will not be able to trade them for now.

August 31 DeFi Development Corp (DFDV), specializing in managing treasury assets in the Solana ecosystem, announced its intention to conduct a public offering of perpetual preferred shares of Series C in the amount of up to $20 million. The funds will be used to further increase its stake in SOL tokens and to finance related crypto investments.

Bitcoin outperformed expectations in August, recouping three months of losses in just two weeks, but September could prove a serious test for the market: after FRS Chair Kevin Warsh's speech at the Jackson Hole symposium, the probability of a rate hike at the September meeting jumped from 45% to 60%.

According to a top executive, the financial institution has already prepared for working with cryptocurrencies. The launch of updated products will be possible after a government law on the regulation of digital assets comes into force on 1 September, Popov explained. “Sber will only need to adapt the existing products by expanding its range,” the deputy chairman assured.

The head of the Bank for International Settlements (BIS), Pablo Hernández de Cos, said that stablecoins currently do not look like a reliable means of payment across the entire economy, Reuters reports.
In BIS’s view, the foundation of a digital financial system should be tokenized bank deposits.

The court in Katowice placed the head of the Polish Olympic Committee, Radosław Pesevich, in pretrial detention, thereby granting the prosecution’s request for a three-month arrest. Earlier, the sports official was detained in a case involving the cryptocurrency exchange Zondacrypto, linked to fraud and money laundering.

Axie Infinity will open registration for the online hackathon “Axie Vibeathon” on September 1.
Participants will create Axie game projects using AI-based programming tools; winners will split 20,000 bAXS and will have the opportunity for direct integration into the Axie ecosystem.
For more detailed information, you can read the official tweet from AXS.

Circle, the issuer of the USDC stablecoin, will become the new sponsor of the football club “Chelsea” just a few months after the British financial regulator warned about “questionable sponsorship agreements with unauthorized financial companies,” including crypto companies.

Solana validators approved a proposal to double the network’s annual deflation rate, reducing the future issuance of SOL.
According to the finalized voting results, the proposal received 67% support: 25.16% voted against and 7.84% abstained. In total, turnout reached 60.7% of the stake eligible to vote.

Zcash could become a serious rival to Bitcoin among digital assets: the rapid spread of artificial intelligence increases the value of financial privacy and heightens concerns about AI-enabled surveillance, Grayscale believes.
In a new research report, Grayscale’s head of research, Zak Pandl, said that Zcash (ZEC) has “second-mover advantages” that could help it challenge Bitcoin’s (BTC) entrenched network effects. Previous alternative projects, such as Litecoin (LTC), have failed to achieve this.