Coinbase CEO Brian Armstrong said Bitcoin reaching $400,000 by 2030 still looks like a reasonable target, even with BTC trading near $77,000. Speaking to CNBC's Squawk Box Asia on Thursday, Armstrong said he believes the latest Bitcoin cycle has already found its bottom after the market moved through roughly a year of decline. He also pointed to Bitcoin's familiar four-year cycle and said rallies often appear ahead of halving events, with the next halving due in about 18 months. In his view, the next one to two years should be favorable for Bitcoin. Armstrong also spoke positively about U.S. crypto regulation. He said the Senate is set to vote on the Clarity Act on September 15 and that, based on his conversations in Washington, the bill appears ready to win approval. He added that law enforcement groups, many banks, and crypto companies support it, while earlier Coinbase objections have been addressed. The unresolved issue involves ethics rules tied to the president's family crypto ventures. Even if the bill stalls, Armstrong said the SEC and CFTC are prepared to move ahead with rulemaking and innovation exemptions under existing authority, leaving him expecting regulatory clarity within a month. He also said passage of the bill would open the door to tokenized equities and perpetual futures for U.S. customers.

VerifiedX said its Foundation has opened a $15 million financing round, with initial institutional investors already participating, to fund a wider push into institutional Bitcoin infrastructure. Cantor Fitzgerald is acting as the company’s investment banking partner for the raise, while the Foundation has not disclosed the identities of the initial investors or the terms of their participation. The proceeds are slated for several areas at once: expanding custody arrangements, supporting exchange listings, and building borrow-and-lend rails tied to Bitcoin. VerifiedX said BitGo, a digital-asset custodian listed on the New York Stock Exchange, will hold vBTC and vBTC.b, the project’s Bitcoin-collateralized token and its Base-based counterpart. It also said tier-one centralized exchanges are expected to list vBTC and VFX, with a first announcement anticipated within weeks. The company is positioning vBTC as an alternative to conventional wrapped Bitcoin structures, saying users retain self-custodial deposit addresses on the Bitcoin network, can redeem back to native BTC at any time, and can use the asset for payments, trading, collateral, lending, and treasury activity, including on Base through vBTC.b.

A new trading pattern is emerging on Robinhood Chain, the company’s permissionless layer-2 network launched in July: meme coins are being paired directly with tokenized stocks instead of stablecoins. Over the weekend of August 30, BONER locked up more than half of the tokenized Hims & Hers Health supply and briefly pushed the wrapped HIMS price to $132.64, while the real HIMS stock had closed Friday at $28.84. Because Robinhood allows only one licensed partner to mint and burn these stock tokens, supply stayed fixed, and with the NYSE closed for the weekend, a few thousand dollars of trading was enough to move the market. Traders framed the move as a short-squeeze attempt, but BONER’s own website said the math falls short, with all tokenized HIMS shares together representing only 0.1% of the real short position. Similar meme-stock pair structures have appeared around Nvidia, Strategy, Microsoft, and AMC, bringing trading activity and attention to Robinhood Chain even if they are not moving the underlying stocks themselves.

PA Daily’s latest roundup spans crypto markets, regulation, AI, funding, and whale activity. OpenAI formally introduced GPT-6 Astra and said the model may sit close to the point where artificial general intelligence becomes recognizable in hindsight. Nvidia, meanwhile, agreed to acquire AI platform Hugging Face for about $13 billion, a deal that would put its three French co-founders into the billionaire ranks while preserving Hugging Face’s open-platform model, according to the report. In crypto, spot Bitcoin ETFs posted $731 million in net inflows on Sept. 3 U.S. time, led by BlackRock’s IBIT at $454 million. Spot Ether ETFs added another $141 million. Polymarket launched perpetual contracts across crypto, equities, and commodities, while Ethena said its fee switch proposal passed unanimously, clearing the way for programmatic ENA buybacks. The report also tracks a sharp response from AMC CEO Adam Aron, who said Robinhood’s tokenized stock plan involving AMC and more than 190 companies was unauthorized and unregistered under U.S. securities law. Elsewhere, a Guangzhou court ruled that a virtual-currency lending contract was invalid and said losses should be calculated using acquisition cost. Binance Alpha listings, funding for Diameter Pay, Oura’s U.S. IPO filing, and a series of high-return meme-token trades also featured in the day’s developments.

A widely shared market narrative around stock-paired meme coins is running into a structural limit: squeezing the float of a tokenized stock on-chain does not automatically squeeze the underlying stock in the real market. In the source article by David Christopher, translated by Foresight News and published by MarsBit, the recent price dislocations in AMC and HIMS tokenized stocks are used to show why the thesis fails under the current design. The article points to last weekend’s trading, when demand for meme coins paired with tokenized equities locked up circulating token supply in liquidity pools and pushed prices sharply higher. AMC’s stock token briefly reached $166.86 while the underlying stock had closed at $2.59 on Friday. HIMS tokenized shares climbed as high as $132.64 against a Friday close of $28.84 for the real stock. Those prices represented roughly 64x and 4.6x the underlying equity prices. The central argument is that Robinhood-style tokenized stocks give users price exposure, not direct ownership of the underlying shares. That means hoarding the tokens can create scarcity on-chain, but not in the real stock market. Once token prices move too far above the underlying, authorized participants can mint more tokens and arbitrage the gap. The article contrasts that model with Galaxy and Superstate’s on-chain GLXY structure on Solana, where the token itself represents actual equity. It also argues that even if the squeeze narrative fails, tokenized stocks may still find value as marketing primitives and as programmable components inside games and DeFi products.

Gold is in its strongest run since 1979, and the move is being driven less by retail speculation than by official-sector demand, according to an article by Ledn co-founder Mauricio Di Bartolomeo. The piece says gold briefly reached nearly $5,600 per ounce in January, while global central banks added a net 863 metric tons in 2025 and are expected to add about 850 tons more in 2026. A World Gold Council survey of 76 reserve managers found that 89% expect global official gold holdings to keep rising over the next 12 months, and a record 45% plan to increase their own reserves. The article argues that tokenized gold is emerging as a new wrapper for the metal, much as stablecoins changed how dollars move online. It compares physical bullion, gold ETFs, and tokenized gold, saying blockchain-based versions can be transferred globally within seconds or minutes, divided into smaller units, traded around the clock, and in some cases redeemed for physical bars. It points to Tether Gold (XAUt) and Pax Gold (PAXG) as examples of tokens representing claims on specifically allocated bullion. Citing the article’s figures, tokenized gold trading volume reached $90.7 billion in the first quarter of 2026, already above the full-year 2025 total of $84.6 billion. Market capitalization topped $6 billion in February, first-quarter growth ran 5.5 times faster than growth in physical gold holdings, and more than 44,500 holder wallets were added. The article frames this as early but accelerating adoption rather than a mature market.

Strategy, the largest corporate holder of Bitcoin, spent the latest rally doing something unusual: it did not add to its BTC stack. After Bitcoin climbed 13% last week, reclaimed $70,000 for the first time since June, and moved above $78,000 by Monday, the company sold 18.26 million common shares and raised about $2 billion in cash. The proceeds were split across two dollar pools. Strategy moved $300 million into its restricted USD Reserve account, used for preferred dividends and debt interest, lifted that pool to $5.1 billion, spent $136.4 million to repurchase 1.43 million shares of STRC preferred stock, and placed the rest into a newly created USD Cash pool worth $1.59 billion. Unlike the reserve account, that new pool can be used to buy Bitcoin, repurchase common or preferred stock, repay convertible debt, or support other corporate needs. A filing also showed Strategy neither bought nor sold any Bitcoin in the week ended Aug. 23, leaving holdings unchanged for a second straight week at 840,447 BTC. With average acquisition cost at $75,385 per coin, recent price swings have pushed the company from deep unrealized losses back above its cost basis. Even so, preferred dividends, debt servicing, buybacks, and possible index-related pressure have made liquidity a central part of the story.

In August 2026, long-dated US Treasury yields briefly climbed to their highest level in nearly two decades before retreating after the US Treasury said it would at least double the buyback cap for long-term bonds to $4 billion. Bitcoin, XRP, and gold all moved higher after the announcement, putting Treasury yields back into focus far beyond the bond market. ABMedia’s guide explains why yields matter across asset classes and why crypto traders now track them closely. A Treasury yield is the annualized return an investor would earn by buying a bond at its current market price and holding it to maturity. Because bond prices and yields move in opposite directions, a jump in yields usually means investors are selling bonds. The report also breaks down the difference between key maturities. Two-year yields tend to reflect expectations for Federal Reserve policy, while the 10-year yield serves as a pricing benchmark for mortgages, corporate debt, and many other rates globally. Longer maturities such as 20-year and 30-year bonds are more closely tied to views on inflation, fiscal deficits, and the government’s long-term ability to service debt. ABMedia noted that the 30-year US Treasury yield briefly reached about 5.3% in August 2026, near a 20-year high, and said the Treasury’s later buyback move was read by the market as a signal to cap long-end yields.