Australian crypto firms operating under temporary regulatory relief have until Sept. 30 to apply for the licenses they need or change existing approvals, according to the Australian Securities and Investments Commission. ASIC said businesses that require an Australian Financial Services license must file before the deadline, while firms needing market or clearing and settlement licenses must also notify the regulator and hold a pre-application meeting. From Oct. 1, companies that require authorization but do not meet the conditions of ASIC’s no-action position could be operating in breach of financial services law and may face civil and criminal penalties. The regulator said fines can reach 10% of annual turnover. ASIC also disclosed that it has recorded more than 45 digital asset-related license applications since updating its guidance in October 2025. On June 25, it extended the relief period from June 30 to Sept. 30 and broadened the measure to include crypto firms operating as authorized representatives of licensed entities or through certain intermediary arrangements. ASIC said at that time it had received about 30 applications. The transition relief is separate from Australia’s Digital Asset Framework, which is scheduled to take effect on April 9, 2027.

Wafer, an AI inference startup with just eight employees, has raised $40 million in Series A funding at a valuation exceeding $200 million. The company turned down acquisition offers from multiple cloud and inference service providers. Wafer's inference business reached $8 million in annualized recurring revenue within three months of launch. The company's technology uses an AI agent to automatically optimize model performance on existing hardware, including NVIDIA and AMD GPUs. In internal tests, running GLM 5.2 on AMD MI355X achieved about 80% of the throughput of NVIDIA B200 at less than half the cost. Customers include Vercel and Inworld AI. After the funding, Wafer began hiring for four roles, all requiring five-day in-office work in San Francisco, with engineering offering a base salary of $250,000 plus equity.

The Australian Securities and Investments Commission (ASIC) has warned crypto firms relying on temporary regulatory relief that they must apply for an Australian Financial Services License (AFSL) or amend their existing license by September 30, 2026. Failure to meet the deadline could result in civil penalties of up to 10% of annual turnover. ASIC also requires firms that need a market license or clearing and settlement license to notify the regulator and attend a pre-application meeting. Starting October 1, 2026, firms that do not meet the conditions of ASIC's "no-action" position but still require authorization may be in breach of financial services law and face civil and criminal penalties. ASIC disclosed that it has recorded more than 45 digital asset-related license applications since updating its guidance in October 2025. On June 25, 2026, ASIC extended the temporary relief period from June 30 to September 30 and broadened its scope. The warning underscores the regulator's increasing scrutiny of the crypto sector.

Australia's Securities and Investments Commission (ASIC) has warned crypto companies relying on temporary regulatory exemptions that they must apply for an Australian Financial Services License (AFSL) or amend an existing license by September 30. Starting October 1, firms that still need authorization but do not meet ASIC's no-action position conditions may face penalties, including fines up to 10% of annual turnover. ASIC said it has received over 45 digital asset-related license applications since its guidance update in October 2025.

Fables, a dynamic-fee market-making protocol built on Robinhood Chain with a Uniswap v4 Hook architecture, is approaching the end of its six-week points campaign. The program runs from Aug. 24 to Oct. 5, 2026, and the project previously said on X that Oct. 5 would bring the close of the points program alongside the Fables token generation event, gauge launch, voting and staking. Yet documentation on fables.fi labels that date as unconfirmed, leaving a visible discrepancy between two official channels. The protocol offers liquidity provision for tokenized U.S. equity markets quoted in USDG, including ETH, GLD, SPY, AAPL and NVDA pairs. Fables says fees are assigned through three proprietary models, with a limited offchain keeper able to make temporary adjustments within pre-set bounds. As of publication, the protocol had roughly $8.4 million in deposits and about $75.3 million in cumulative trading volume. The article also lays out the project’s team background, current security disclosures, the mechanics of the points campaign, and the proposed token structure for FABLES and PROLOGUE. It notes that no independent third-party audit report with named auditors, commit hashes, scope and findings has been published so far, and that key token details, redemption contracts and eligibility snapshots remain unsettled.

JPMorgan said in its early-September global market outlook that the world economy is positioning for a new investment cycle. The bank expects the Federal Reserve to raise rates by 25 basis points in December, lifting the fed funds target range to 3.75% to 4.00%. It also forecasts 2026 U.S. GDP growth of 2.0%, core PCE inflation at 3.5% and unemployment at 4.1%. The report says the gap between market pricing and the Fed’s own policy path is widening and could drive volatility in the coming quarters. JPMorgan sees the 2-year Treasury yield at 4.30% and the 10-year at 4.85% by the end of 2026, with the curve steepening to 55 basis points. On assets, the bank expects the U.S. dollar to retain support into a possible December hike, while oil and copper reflect a mixed supply-demand picture. It also argues that AI infrastructure spending remains in a multi-year supercycle, with GPU scarcity, grid investment and regional localization shaping the next phase of growth.

A Binance user has posted on X (formerly Twitter) claiming that over 30 arbitrage positions in the AKEUSDT perpetual contract were liquidated, resulting in a single-day loss exceeding 500,000 USDT. The user alleges that the price of AKE surged from $0.0076 to $0.044859 in eight hours (a 6x increase), with a double in the last seven minutes, and accuses the market maker of deliberate squeeze and targeted attacks. The user calls for Binance to investigate and compensate, drawing parallels to the TUT contract anomaly on August 9. Binance has not yet responded.

Bank of America said in a Sept. 2 rates and FX research note that the August U.S. nonfarm payrolls report is not the final word on whether the Federal Reserve will raise rates in September. The bank argued that the more decisive data point will be next week’s inflation readings, especially CPI, with PPI also in focus. BofA expects August payroll growth of just 40,000, including 35,000 in the private sector, while the unemployment rate is seen holding at 4.1%. The report said markets are pricing roughly a 70% chance of a September rate hike, but that pricing could still shift after the inflation data. BofA also pointed to Jackson Hole remarks by Fed Chair Warsh, saying inflation-related terms appeared 61 times in the speech, versus 30 references tied to the labor market. In the bank’s view, that gap shows inflation remains the Fed’s main policy anchor. On positioning, BofA said rate markets face asymmetric risks: a weak payrolls print could trigger a larger Treasury rally than a strong print would trigger in selloffs. The bank recommended going long 5-year Treasuries, putting on a 5s/30s steepener, and tactically shorting the U.S. dollar.