The three major U.S. stock indexes fell collectively, with the Nasdaq recording an intraday decline of 1.26%.

Aave founder Stani Kulechov has issued a statement noting that he submitted comments to HM Revenue & Customs (HMRC), recommending improvements to the tax treatment of crypto asset mortgages and stablecoins, and proposing that stablecoins be included in Individual Savings Accounts (ISA). This would allow millions of UK ISA users to potentially enjoy tax benefits when lending stablecoins in the future.

Glassnode said in a report that Bitcoin (BTC) is currently capped by a long-term holder supply wall around $83,000–$85,000, yet investors are still accumulating BTC at current price levels. The on-chain analytics firm added that if BTC breaks below this emerging dense supply zone, the next key support level to monitor is $75,000; a further downturn could even see a full pullback to roughly $60,000, it noted. BTC faces notable cost-based resistance in the $83,000–$86,000 range, where long-term holders have acquired around 1.07 million BTC, with the densest cost cluster sitting near $85,000.

Brian Beck announced he has joined Ripple as Director of Developer Relations for the RippleX Ecosystem Growth division, where he will drive the development of the developer ecosystem. In a LinkedIn post, Beck stated his new role will focus on developer support, technical depth, and real-world business applications. Public records show he previously held senior engineering management positions at PayPal and has work experience at Google, with expertise in developer platforms and enterprise technology integration. According to relevant reports, Beck’s responsibilities at RippleX will include developer promotion, technical support, documentation and tool development, developer onboarding, hackathons, developer grants, and partnerships, with a key focus on encouraging more teams to build on the XRP Ledger (XRPL).

An industry alliance comprising Nasdaq, Germany’s Stuttgart Stock Exchange and other institutions is calling on the European Union to either scrap or raise the size cap in its tokenized securities pilot programs, warning that the current cap is too low, with some existing tokenized projects in Europe already exceeding the limit. The alliance argues that the overly restrictive size cap could hinder the development of Europe’s tokenized securities market, and recommends the EU expand the pilot scope to allow market participants to further test blockchain-based securities issuance, trading and settlement models.

Prediction market platform Kalshi has received approval from the U.S. Commodity Futures Trading Commission (CFTC) to launch gold and silver perpetual contracts on September 10, marking the first non-crypto perpetual contract product approved by the CFTC. Kalshi first secured approval to launch crypto perpetual contracts at the end of May this year, and as of now, the notional trading volume of these products has reached $44 billion. Kalshi noted that event contracts related to gold and silver have generated over $4 billion in trading volume over the past seven months, a development that has prompted it to further expand its precious metals perpetual contract business. Additionally, Kalshi is pursuing the launch of perpetual contracts linked to U.S. equities, copper, and foreign exchange.

According to a Reuters report citing The Wall Street Journal, senior White House advisors including U.S. Vice President J.D. Vance and Secretary of State Marco Rubio have privately warned Donald Trump that the U.S.-Iran conflict could last through the remainder of his presidential term and even beyond the January 2029 presidential inauguration. The report states that the advisors told Trump in private discussions at the White House Oval Office and Situation Room that Iran may continue resisting U.S. pressure, leading to a prolonged conflict. This assessment differs sharply from Trump’s previous public remarks, in which he predicted the war would end “immediately after” the U.S. November midterm elections. Trump also claimed Iran is attempting to influence the U.S. election but can no longer sustain resistance long-term, adding that diplomatic negotiations remain possible but are not his preferred approach. Reuters notes that the White House did not immediately respond to a request for comment.