Top tokens, gainers, and on-chain meme activity
The most-traded tokens on centralized exchanges were mostly higher over the past 24 hours. BTC rose 4.54%, ETH 4.95%, XRP 5.89%, SOL 3.39%, ZEC 14.97%, BMT fell 4.61%, BNB gained 4.3%, DOGE 5.54%, UNI 9.78%, and SUI 2.35%.
According to OKX data, the top 24-hour gainers were EDGE at 39.16%, CHIP at 37.18%, ICX at 17.61%, xMSTR at 14.52%, ZEC at 14.41%, CORE at 14.4%, xCRCL at 13.72%, VELODROME at 13.52%, XPL at 13.29%, and LPT at 13.05%.
Stock-linked crypto names also posted strong gains. Data from msx.com showed CHPT up 82.66%, MSTX 32.55%, CAN 22.88%, BTCS 20.8%, BNC 20.49%, ABTC 19.95%, CONL 18.92%, STKE 18.8%, MRLN 17.19%, and MSTR 16.5%.
On-chain meme names drawing attention, based on GMGN data, were fone, FOMO, BEN, CATE, and CTO.
Macro and policy: Fed expectations shift, CLARITY outlook splits
Rate-hike expectations drop sharply
Traders now see the Federal Reserve’s decision this month as close to a coin toss. CME data showed the market pricing the probability of a 25-basis-point hike at about 50%, down from 70% the previous day.
The repricing followed comments from Fed officials who pushed back on the idea that a hike was all but certain. Governor Christopher Waller said he would support holding rates steady if August data showed inflation continuing to improve. A day earlier, New York Fed President John Williams said the case for raising rates was not strong enough at this point.
Galaxy research head says CLARITY odds before the midterms are very low
Galaxy’s head of research said in a post on X that House Republican leadership had canceled voting schedules for the weeks of Sept. 21 and Sept. 28. The House is set to return on Sept. 14 for a four-day session, then leave Washington and not reconvene until after the midterm elections. Under that calendar, the odds of the CLARITY Act passing before the midterms are viewed as very low.
G20 backs clearer digital-asset rules and tighter AML enforcement
Finance ministers and central bank governors from the Group of 20 met in Asheville, United States, from Aug. 31 to Sept. 1 and backed a clearer regulatory path for digital assets. The group also put digital assets on the agenda for the U.S. presidency in 2026.
The G20 said digital financial innovation can support broader economic growth and that the private sector has an important part in driving that innovation. It also identified global stablecoins, cross-border payments, and extended operating hours for large-value payment systems as priority topics, while backing the ISO 20022 data standard.
The group asked the Financial Action Task Force to prioritize jurisdictions with large volumes of virtual-asset activity and step up enforcement of anti-money-laundering standards. As of July, among 149 jurisdictions assessed by FATF, only one was fully compliant, 34% were largely compliant, 43% were partially compliant, and 22% were non-compliant, according to Bitcoin.com News.
SEC Chair Paul Atkins still expects movement on CLARITY in September
SEC Chair Paul Atkins said in an interview with Fox Business that he expects the CLARITY Act to be voted on in the Senate on Sept. 15 and to pass before being sent to the president for signature.
Atkins also said the SEC is continuing to work on rules suited to the era of blockchain and crypto assets. Even though the CLARITY vote had previously been delayed, the SEC and the Commodity Futures Trading Commission will keep moving on crypto policymaking, according to Bitcoin Magazine.
Product, protocol, and platform developments
OpenAI rolls out GPT-6 Astra
OpenAI began releasing its new flagship model, GPT-6 Astra, on Thursday, saying it delivered major progress in commercial tasks such as financial modeling and engineering design. The initial rollout is limited to select institutions, including organizations in the OpenAI Daybreak Access cybersecurity program. It will later be made available to ChatGPT Plus, Pro, Business, and Enterprise users, as well as users accessing it through the API and Amazon Web Services.
OpenAI said GPT-6 Astra showed major gains in computer operation, software programming, and professional work, and reached top levels in the FrontierMath Tier 1 math benchmark, the ARC-AGI 3 reasoning benchmark, and the ExploitBench cybersecurity benchmark.
OpenAI co-founder and president Greg Brockman said the timing of artificial general intelligence has always been hard to pin down, but that, looking back in a few years, the milestone "might be around this period, around this model." GPT-6 Astra is priced at $10 per million input tokens and $50 per million output tokens, 2.5 times the price of the previous flagship model GPT-5.6 Sol. OpenAI also said the AI industry may shift from token-based pricing to task-based pricing in the future. Brockman said at the launch event, "Welcome to the AGI era." The item was cited by Jin10.
Uniswap Labs buys PONS tokens
Pons said Uniswap Labs has purchased PONS tokens, and that the two sides will use token holdings to align long-term interests.
Robinhood Chain DEX volume hits another record
Robinhood Chain DEX trading volume reached $1.89 billion over the past 24 hours, setting another record. Among token launch platforms, Pons remained the clear leader after issuing 24,000 tokens yesterday. long.xyz ranked second with 2,740 token launches.
On fees, Pons generated $5.95 million in revenue over the past 24 hours, ranking fourth network-wide. Uniswap protocol daily revenue rose to $10.33 million, ranking second.
Coinbase works toward U.S. single-stock perpetual futures
Coinbase said on X that it is working to launch single-stock perpetual futures in the United States. This week, the company submitted notice registration filings to the SEC for its derivatives exchange and broker, and said it will work closely with the SEC and CFTC to bring more major financial products to the U.S. market.
Polymarket fully launches perpetual contracts
Prediction market Polymarket formally rolled out perpetual contracts across a wider range of assets, including cryptocurrencies, stocks, and commodities, with leverage of up to 20x.
Odaily said Polymarket had previously launched trading in selected assets on July 9, 2026, including Bitcoin, Ether, gold, and the S&P 500 across 10 assets, also with leverage up to 20x. The latest move expands that offering more broadly.
HIP-3 upgrade path to support permissioned market deployer settings
HyperliquidNews said on X that a future network upgrade will allow HIP-3 to support deployer configuration for permissioned markets. The example given was that U.S. investors could access certain markets, or access could be tailored for institutions operating under stricter rules.
Ethena passes fee-switch vote and starts programmatic ENA buybacks
The Ethena Foundation said the fee-switch vote passed with 100% support and that programmatic ENA buybacks will begin, with scale increasing as metrics and milestones are met.
ENA rose more than 10.5% over the past 24 hours and was trading at $0.166. On Aug. 27, the Ethena Foundation announced four changes to the Ethena ecosystem, including buying back locked tokens held by early investors, pushing token and equity value into closer alignment, launching a governance proposal to use revenue for ENA buybacks, and scrapping future monthly VC investor unlocks.
Jupiter launches Universal Deposit
Jupiter introduced Universal Deposit, allowing supported tokens on Ethereum, Base, Arbitrum, and Sui to be sent to Jupiter and converted so users receive USDC directly in a Solana wallet. The service removes the need for a separate bridge, network switching, or extra transactions.
The product combines routing, cross-chain bridging, and swapping into one flow. It currently charges a flat fee of $0.30 per transaction, whether the transfer amount is $100 or $10 million.
Pons adds stock-token pairs
Pons, a token launch platform on Robinhood Chain, added support this morning for several stock-token pairs, including Snap, Lululemon, Figma, Moderna, and Pfizer.
Pools.fun revises fee split for new pools
Pools.fun, the token launch platform from Sushi, said it adjusted the fee distribution model for new pools after community feedback. Under the update, 90% of fees go to the token issuer and 10% to the protocol. Half of the protocol share will be used to buy and burn BNKR.
The platform also said it will airdrop about $120,000 worth of BNKR to users on the Pools leaderboard. At the same time, it launched a "Fees to Holders" feature that lets projects distribute trading fees to token holders at issuance. Pools.fun also plans to integrate 194 Robinhood stock tokens so projects can pair with those tokenized equities.
Ethereum Layer 2 network Silicon to shut down by year-end
Silicon said it stopped accepting new bridged deposits on Sept. 2 and has started the shutdown process. Users must withdraw all assets by Dec. 31. After that, the network and block explorer will go offline, and any remaining assets will be unrecoverable.
About $9.75 million in assets remain on-chain, including $2.66 million in USDC, $2.54 million in WBTC, $2.08 million in ETH, and $1.85 million in USDT. Assets bridged from Ethereum mainnet can be withdrawn back to mainnet during the window. Tokens issued directly on Silicon cannot be bridged out and can only be exchanged using remaining on-chain liquidity, which may become harder as the shutdown proceeds. Silicon’s Web3 wallet will also be discontinued.
Industry and corporate developments
Korea Electric Power seeks 25 trillion won in prepaid electricity fees
State-run Korea Electric Power is in talks with Samsung Electronics and SK Hynix on a multibillion-dollar prepaid electricity plan to fund grid construction for a new semiconductor cluster. Under the current proposal, Samsung would prepay 20 trillion won and SK Hynix 5 trillion won, for a combined 25 trillion won, roughly equal to five years of electricity bills.
Korea Electric Power said in a statement: "A large-scale electricity prepayment system is a mechanism through which companies that urgently need grid expansion and Korea Electric Power, which needs investment funds, can meet each other’s needs. Specific details, including the prepayment amount and the coverage period, have not yet been finalized."
YMTC IPO review status changes to "inquiry received"
The IPO review status for Yangtze Memory Technologies Co., Ltd., which is seeking a listing on Shanghai’s STAR Market, changed to "inquiry received."
Nscale signs strategic agreement worth more than $6 billion
AI compute company Nscale said it entered a multi-year strategic partnership with Figure, expanding the deal to more than $6 billion. The agreement represents the potential deployment of as many as 100,000 Nvidia Vera Rubin platform GPUs, according to pressreleasehub.
Alliance Global Partners initiates Strategy with a buy
BitcoinTreasuries.NET said on X that Alliance Global Partners initiated coverage on Bitcoin treasury company Strategy with a buy rating and a $217 price target, 75% above the current price.
Multicoin cuts HYPE again
Multicoin sold another 10% of its HYPE position. HYPE is its largest holding, with the remaining stake currently valued at $90.5 million. The firm accumulated HYPE in February and March this year and has held it for more than six months. At the peak, it held 4 million HYPE and is now down to 25% of that peak position.
0xSun remains down about $10,000 on Pump.fun account
Chinese-language KOL 0xSun announced a partnership with Pump.fun in early August and opened a trading account there. Public information from Pump.fun shows the account was created on Aug. 26 and is still down about $10,000.
Its biggest single-token loss came in CINEMA, where the loss reached $18,456.48.
Funding and M&A
Nvidia agrees to buy Hugging Face for $12.9303 billion
Nvidia agreed to acquire Hugging Face for $12.9303 billion. Under the plan, Hugging Face will continue operating as an open platform for the broader AI ecosystem.
Palo Alto Networks acquires Console for $500 million
Cybersecurity company Palo Alto Networks said it will acquire AI agent startup Console for $500 million in cash and stock. Console, founded in 2024, uses AI agents to automate tasks including password resets, application access setup, and routine IT troubleshooting. Its customers include Ramp, Flock Safety, and Scale AI.
Palo Alto Networks plans to integrate Console into its AI-driven security platform, Cortex, so security teams can investigate and handle alerts through natural language and run more automated enterprise security operations.
The deal is Palo Alto Networks’ seventh acquisition this year. Earlier, it acquired Chronosphere at a $3.35 billion valuation and bought cybersecurity startup Koi for $400 million, according to TechCrunch.
Swish Ventures closes $250 million Fund III
Former NBA player Omri Casspi said his venture firm Swish Ventures has closed a $250 million third fund, taking assets under management to about $800 million.
The new fund is expected to invest in around 12 startups, with an average check size of about $20 million. The focus is on cybersecurity, artificial intelligence, and infrastructure, mainly at the seed and Series A stages.
Swish Ventures has invested in 20 companies to date, including Cognition AI, Applied Compute, EON, Wonderful, and Upwind. Eight of those companies have reached unicorn valuations, and the combined valuation of portfolio companies exceeds $60 billion, according to YNetNews.
HiddenLayer raises $100 million in Series B
AI security company HiddenLayer said it raised $100 million in a Series B round led by Delta-v Capital, with participation from Booz Allen Ventures, Microsoft’s M12, Morgan Stanley, and Ten Eleven Ventures. Total funding has now surpassed $155 million.
HiddenLayer focuses on securing the full lifecycle of generative AI, predictive AI, and AI agents. Its enterprise platform includes AI asset discovery, AI supply-chain security, attack simulation, and runtime protection. The new capital will mainly be used to expand runtime security for AI agents, with a particular focus on AI coding agents, according to Securityweek.
Cari raises $32.5 million from banks
Cari, a digital money network built on an Ethereum-anchored permissioned Layer 2 blockchain, said it raised $32.5 million in seed funding entirely from banking institutions. Investors included First Horizon Bank, Huntington Bank, KeyBank, M&T Bank, Old National Bank, SouthState Bank, and Glacier Bank.
The company said the funding will accelerate bank onboarding and integration and expand use cases for tokenized deposits and programmable money.
OpenReserve secures $25 million seed round and gets preliminary charter approval
The Office of the Comptroller of the Currency has preliminarily approved OpenReserve’s application for a national bank charter. The company completed a $25 million seed round in April led by a16z crypto, with participation from Jump Capital, Acrew, Coinbase Ventures, Clocktower, Quona, and Middle East venture fund AAF Management.
OpenReserve is led by fintech executives including MoneyLion co-founder Dee Choubey. The company is working to combine traditional banking, blockchain infrastructure, and digital-asset services, while using digital assets and technology to support 24/7 operations. It is also seeking Federal Deposit Insurance Corporation coverage and has already submitted its application.
Diameter Pay raises $10 million Series A
Diameter Pay completed a $10 million Series A led jointly by CMT Digital and Lightspeed Faction. The company mainly provides institutional clients with U.S. dollar accounts, payment rails, and stablecoin access channels, and has processed more than $10 billion in payments so far this year.
Plenti raises $3 million seed round led by Tether
Colombian fintech company Plenti raised $3 million in a seed round led by Tether, with Verda Ventures participating. The new capital will be used to deepen its position in Colombia and expand in Peru and Bolivia.
Founded in 2022, Plenti offers multicurrency accounts and investment services for freelancers and remote workers. It currently has more than 150,000 active users, annual transaction volume above $3.1 billion, and has processed more than 680 million USDT since 2023, according to Crypto Briefing.
People and market calls
Arthur Hayes names ETH, ENA, and ETHFI as short-term bets
Arthur Hayes wrote in his latest piece: "Maelstrom’s preferred crypto assets have not changed. Our long-term structural long in bitcoin will remain the ballast of the portfolio. Through the end of 2026, the more speculative short-term bets are ETH (target price $10,000), ENA (target price $0.5), and ETHFI (target price $2). Where did my ZEC go? God knows, I guess AI stole it from the Orchard pool."
Odaily noted that Orchard is Zcash’s shielded pool, and said Hayes was joking that he no longer holds a Zcash position.
Kyle Samani comments after Multicoin trims HYPE
Kyle Samani, former co-founder of Multicoin Capital and an early Solana investor, cited Arkham’s tracking of Multicoin’s latest 10% HYPE sale and wrote: "The steps to becoming a successful venture capitalist: 1) buy a huge position; 2) go on podcasts and talk about it; 3) sell it. I really struggle with step 3."
Odaily said the post appeared to mock Multicoin for talking up HYPE before selling into strength. Earlier reporting said Multicoin had sold another 10% of its HYPE after holding a $90.5 million position for more than six months, leaving it with just 25% of its peak exposure.
Yi Lihua says the bull trend has begun
Liquid Capital founder Yi Lihua said on X that Bitcoin found support and rebounded after falling to $76,300, in line with his expectations, and that the market resumed its rise after the pullback. He said resistance remains near $86,000 and that if Bitcoin cannot break that level decisively, traders may need to think about a pullback opportunity within the current advance. He added that, in his view, the bull-market trend has already started.
Jiang Zhuoer says he sold all BTC near $82,050
Jiang Zhuoer said on X that he sold 100% of his BTC position at around $82,050. He said the trade shifted from his earlier stance of not shorting ETH to shorting BTC because ETH price action had been more volatile.
He also said Bitcoin rose back toward the upper end of the range near $81,500 even after weak ETF flows and the first outflows, which he viewed as a good selling opportunity. In his view, the consolidation lasted only about 13 days, not long enough to break the key resistance zone around $83,000 to $84,000. He added that a quick wick higher after BTC moved above $82,000 was a useful short-term trading signal.
Ansem says HOOD could make a new high in Q4 and then rise another 50%
Trader Ansem wrote on X: "TradFi companies are always late when they plug into new crypto businesses because the executives in suits usually see the data much later. I think buying Robinhood (HOOD) right now is an excellent bet because the technical setup has started coiling from the bottom, and they are adding an important new revenue stream through Robinhood Crypto. In Q4, I expect HOOD to make a new all-time high and then rise another 50% from there."
BonkGuy watches a four-chain setup
Trader BonkGuy, also known as Unipcs, said he is watching opportunities across Robinhood Chain, Solana, BNB Chain, and Base, calling the group a "multi-chain Kingmaker trade setup" for this cycle.
He added that Robinhood Chain drew most of the market’s attention over the past week, but that Solana, BNB Chain, and Base could gradually become the next focus.