At the opening bell on U.S. stock markets, major indices showed minor losses. The Dow Jones Industrial Average fell 0.19%, the S&P 500 declined 0.13%, and the Nasdaq Composite slid 0.02%. The CBOE Volatility Index (VIX) decreased by 1.33%, indicating relatively calm market sentiment. Among AI-related stocks, a broad decline was observed. UiPath, the robotic process automation company, dropped 10.14%, the largest percentage loser among the group. Ambarella, a semiconductor company focused on AI vision processing, fell 5.66%. Adobe, the software giant, declined 5.27%. Atlassian, the collaboration software provider, slipped 2.18%, and Workday, the cloud-based enterprise software company, dropped 1.42%. The data was sourced from MSX.COM, a platform that describes itself as a leading RWA trading platform. MSX has listed hundreds of RWA tokens, representing tokenized shares of major U.S. stocks and ETFs, including Nvidia, GOOGL, MSFT, AMZN, META, TSM, and AMD. The opening trading session reflects continued pressure on high-growth technology and AI stocks.

Arthur Hayes used a new appearance on Kyle Chasse Crypto to lay out a broad market view that now differs sharply from what he said on the same show about ten weeks earlier. Back then, he was talking about a local top. This time, he said he is buying again and argued that $58,000 is not just a local floor for Bitcoin but the cycle low. He tied that call to what he sees as a policy shift around yen intervention, a larger U.S. Treasury buyback program in early August, and a wider liquidity backdrop that he believes favors crypto. Hayes also said Ethereum is Maelstrom’s largest directional position, even though the fund owns more Bitcoin in absolute size. His case for ETH rests on the idea that this cycle’s narrative is built around real-world asset trading on a layer-one chain, Ethereum’s failure so far to break its 2021 high, and its long operating history. On Hyperliquid, he said he has fully exited, arguing that the asymmetry is gone and that a U.S. compliance path would require compromises to its model. He was especially bullish on Ethena, saying the token could rise 5x over the next two to three months as earlier investors have been paid out, unlock pressure has cleared, and the project is considering tokenholder revenue sharing. Hayes also spent much of the interview promoting Flop, a project he says he returned from retirement to build as a payment network for AI compute, while disclosing his direct involvement and existing positions.

NDV Research argues that the US debt story has moved beyond a cyclical concern and into a long-duration monetary problem, with the country’s fiscal math increasingly pointing to debasement rather than austerity or default. In a lengthy market note published by MarsBit, the firm says this is the same setup that has historically favored scarce assets, and it places Bitcoin alongside gold as a potential hedge against a prolonged decline in purchasing power. The report points to several milestones: US debt reaching $40.1 trillion on Aug. 28, 2026, net interest costs of $970 billion in fiscal 2025, and Congressional Budget Office projections showing annual net interest above $1 trillion in fiscal 2026 and $2.1 trillion by 2036. NDV says gold has already been repriced, with the European Central Bank reporting that gold accounted for 27% of global central bank reserve assets in June 2026, ahead of US Treasuries at 22%. Bitcoin, in NDV’s view, remains the lagging asset in the same macro trade. The firm says Bitcoin’s market capitalization is about $1.58 trillion, or roughly 5% of gold’s, even as regulatory channels, ETF inflows, and institutional access continue to improve. NDV also disclosed performance figures for its own funds, saying it has spent three and a half years testing the tradeability of this thesis through live portfolio returns.

Bitcoin rallied about 25% in August, its strongest August since 2017, driven by the Treasury's expanded buyback, Washington's crypto policy push, and a record $1.4 billion short squeeze. The $81,000-$82,000 zone is the key resistance separating a trend reversal from a bear market rally. September's focus: the $76,000-$78,000 support, continued ETF inflows, and the long-end yield. Analysts view any pullback as a potential late-cycle buying opportunity.

U.S. stocks closed lower on Tuesday, with the Dow down 0.79% and the Nasdaq falling 1.03%. AI-related stocks saw broad declines, led by Cadence dropping 7.6%, CrowdStrike 6.9%, and Dell 6.8%. The VIX volatility index surged 9.52%. MSX, a leading RWA trading platform, also reported the declines in tokenized U.S. equity assets.

The United States posted a primary budget deficit of 3.3% of GDP in fiscal 2024, the highest among advanced economies, according to CryptoBriefing. That measure excludes interest payments. Including interest costs, the total federal budget deficit reached $1.8 trillion, equal to 6.4% of GDP. The Congressional Budget Office projects the primary deficit ratio will remain between 3.1% and 3.6% over the long term. Structural spending pressures and rising debt-interest costs have kept the fiscal gap wide even during an economic expansion. The figures highlight a persistent imbalance in U.S. federal budgeting, with the primary deficit staying elevated well beyond a typical downturn path. The report was relayed by Techub News.

A reposted WuBlockchain article argues that Binance’s stock-product strategy is not about building a better Nasdaq. The thesis is narrower and more structural: if the exchange wants influence over post-close stock pricing, the front line is perpetual futures, not tokenized spot stocks. In this framework, Perps absorb directional views, leverage and rapid trading during market closures, while bStocks act as the inventory layer that can be held, transferred, converted, posted as collateral and used for hedging. The article compares weekend and reopening data for NVDA, TSLA, SNDK, SPCX and SKHY-related contracts, and repeatedly returns to one point: heavy trading alone does not prove price discovery. In a 25-sample set covering U.S. market close-to-reopen windows, Sunday direction matched the next cash open only 13 times, or 52%. SNDK and SPCX posted large weekend turnover and high fill rates, yet those figures, the author says, likely reflect market making, arbitrage and systematic flow as much as independent investor conviction. The piece also argues that bStocks should not be judged mainly by ticker count, AUM or headline volume. Their strategic role lies in inventory, borrowing, conversion and balance-sheet mobility. Perps can produce a candidate price, but bStocks are meant to turn that price into an asset that can be financed, transported, hedged and, if wrong, arbitraged back into line.

Tema ETFs launched the Tema MLCC & PowerSemi ETF, trading under the ticker PSOX, in August 2026 on the CBOE BZX Exchange. The actively managed fund carries a 0.75% expense ratio and focuses on two parts of the AI server power stack: multilayer ceramic capacitors, or MLCCs, and power semiconductors. As of shortly after launch, the fund had $868,000 in assets under management, leaving it relatively small and potentially more exposed to volatility and liquidity constraints. According to the portfolio data cited in the report, PSOX’s top positions include Delta Electronics, Infineon, Murata Manufacturing, Samsung Electro-Mechanics and Yageo, while Taiwan represents the largest country allocation at 29.84%. The article says the fund was developed with SemiAnalysis and is built around the view that AI infrastructure upgrades, especially the shift toward 800V DC server power architecture, could drive demand for both MLCCs and power semiconductors over the next several years. It also notes that the product is geared toward investors willing to take concentrated industry exposure tied to the AI hardware power supply chain.