Daily Briefing

Bitcoin opened September below $78,000 as odds of a Fed hike on September 16 climbed to two in three. Twenty-one global banks unveiled a joint stablecoin company, the SEC proposed a blockchain-aware transfer agent rule, and Arbitrum jumped on Robinhood Chain revenue.

Bitcoin closed August up roughly 23% at around $78,000, its best month since November 2024, while Warsh's hawkish Jackson Hole debut lifted September hike odds to 58%. Cronos halted its chain after a $75 million Tectonic exploit, and Strategy and Bitmine returned as buyers.

Bitcoin held above $79,000 as spot ETFs logged an eighth straight day of inflows worth $2.8 billion. Glassnode maps the $81,000-$86,000 supply wall, Schwab adds SOL, AVAX and LINK, and Core Lightning tells node operators to go offline after AI-found bugs.