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According to The Block, multiple cryptocurrency companies are actively lobbying the U.S. Securities and Exchange Commission (SEC) to expedite the ETF review process and allow the submission of confidential draft documents. Among them, Grayscale has explicitly requested that SEC staff commit to a response within 45 days.However, Jane Street and Charles Schwab have expressed reservations about this, voicing concerns over the rushed push for listings and the submission mechanism for confidential documents.

Since its listing on the NYSE Arca on August 25, the Grayscale Zcash ETF (ZCSH) has seen a cumulative net inflow of approximately $34.4 million. Launched by Grayscale, ZCSH is the first exchange-traded product to provide spot exposure to ZEC.According to Gate market data, ZEC has surpassed $1000 today, reaching a historic high, with ZEC increasing by approximately 31% since the listing of the Zcash ETF.

According to BBX data, global listed companies and leading financial institutions have disclosed the latest developments in digital asset management scale, quarterly earnings performance, and crypto clearing infrastructure in recent days. The core information is as follows:New Fire Group (01611.HK) asset management and trading volume hit a record high, AUM surpassed 2 billion HKD: Hong Kong-listed company New Fire Group disclosed its operating data for August. The group's private banking-level digital asset custodian Bitfire Premium successfully surpassed 200 million USD in asset management scale (AUM), a month-on-month increase of about 30%. The total asset management scale of New Fire Group's global market (including the Japanese site BitTrade) has officially surpassed 2 billion HKD. In addition, the platform's trading volume has exceeded 100 million USD for the second consecutive month, and the over-the-counter (OTC) business continues to expand, currently ranking among the major OTC digital asset trading platforms in Hong Kong.Amber (NASDAQ: AMBR) Q2 revenue 13.9 million USD, turning a profit: Nasdaq-listed company Amber announced its unaudited financial performance for the second quarter of 2026. The company's total revenue for Q2 reached 13.9 million USD, a significant month-on-month increase of 38.8%, with gross margin significantly improved to 79.5%. As a result, its operating income and adjusted EBITDA both turned positive, completely reversing the loss situation of the previous quarter.Digital bank SoFi partners with Kraken to enable 24/7 USD settlement and liquidity: Digital bank SoFi has reached a strategic cooperation with the well-known crypto exchange Kraken. Kraken's parent company Payward will officially join SoFi's USD settlement network "SEN," allowing its institutional clients to break the limitations of traditional bank operating hours, transferring USD and managing liquidity around the clock; at the same time, Kraken will launch the stablecoin SoFi USD issued by SoFi, while SoFi will introduce Kraken Prime as an additional underlying liquidity source for its clients' cryptocurrency trading.Bank-led digital currency network Cari completes 32.5 million USD financing: The digital currency network Cari, designed specifically for the banking industry, announced the completion of a 32.5 million USD first round of external financing. This round of funding comes entirely from traditional banking institutions, including First Horizon Bank, Huntington Bank, Key Bank, M&T Bank, Old National Bank, SouthState Bank, and Glacier Bank. Cari aims to help regional, mid-sized, and community banks fully participate in and establish compliant digital currency infrastructure.

The U.S. Securities and Exchange Commission (SEC) has publicly released its request for comments regarding "Novel ETFs," which may hold crypto assets or adopt unconventional strategies. The disagreement centers on whether the filing documents should remain public before the fund begins trading and how quickly the review process should be. Crypto asset management firm Grayscale and the crypto policy organization Crypto Council for Innovation (CCI) support establishing an optional confidential filing period to reduce competitors from submitting imitation documents.Charles Schwab opposes complete confidentiality and suggests that filing documents should be made public at least 75 days in advance. Grayscale requests that the SEC respond within 45 days, while CCI argues that the confidentiality process should not extend the automatic effectiveness or review period. Venture capital firm Andreessen Horowitz (A16z) supports shortening the review time but emphasizes that the rigor of the review should not be reduced; trading firm Jane Street believes that accelerating the process could lead to a decline in product quality, competitiveness, and liquidity.Currently, there are 174 ETFs related to crypto assets in the U.S., with BlackRock's iShares Bitcoin Trust ETF (IBIT) managing approximately $61 billion in assets, accounting for about 38% of the total assets of related ETFs. The SEC will decide whether to adjust the confidentiality arrangements for filings and the speed of the review.

U.S. Attorney General Todd Blanche posted on the X platform that this week cybercriminals launched password recovery attacks against hundreds of thousands of X users. The X platform successfully thwarted this attack to prevent user accounts from being hijacked, and the Department of Justice is working closely with X to track down the attackers.

The U.S. publicly traded company Hyperscale Data has terminated all Bitcoin mining operations at its Michigan facility to convert the site into infrastructure for artificial intelligence data center clients. The company stated on Wednesday that all Bitcoin mining machines in the facility have been shut down following an inspection by an unnamed California neocloud provider, and plans to sell the related mining equipment.Hyperscale Data stated that the client has signed a 10-year master service agreement, contracting 20 megawatts (MW) of AI computing power, with two optional extensions of 5 years each. The company estimates that this agreement could generate over $1.2 billion in revenue over the maximum 20-year term, and if the client exercises an additional 32 MW option, potential revenue could exceed $3 billion, while the site is expected to ultimately support 340 MW. However, the company also cautioned that its expansion plans are still in the preliminary stages and depend on financing, approvals, and other risks.Meanwhile, Hyperscale has significantly reduced its Bitcoin holdings to fund AI construction. Affected by the company's completion of a four-for-one reverse stock split and other factors, its stock price closed at $0.1984 on Wednesday, down about 17%, marking a record low adjusted for the stock split. According to BitcoinTreasuries.NET data, the company currently holds approximately 215 Bitcoins, valued at about $16.7 million, a decrease of about 79% from around 1,006 at the end of July, ranking 84th among publicly traded companies tracked on the platform.

Digital asset management company Grayscale stated that by the end of 2025, the proportion of company stocks held directly and indirectly by American households' financial assets will reach 46.71%, up from 43.99% a year ago. Grayscale's research director Zach Pandl pointed out that the increase in stock asset concentration and high valuations has enhanced the opportunity for cryptocurrency to be used for portfolio diversification.Grayscale indicated that the long-term earnings growth expectation for the S&P 500 index rose to over 25% on August 28, significantly higher than the historical range concentrated between 10% and 15%. The agency believes that after the market adjustment, the valuation, leverage levels, and investors' long positions in cryptocurrency assets have all decreased.Data released by Grayscale shows that the 90-day correlation between Bitcoin and the Nasdaq 100 index has dropped from over 60% to about 33%, while its correlation with gold has risen from nearly 0 to over 50%. Grayscale also noted that Bitcoin's historical volatility is higher than broad equity indexes and does not always serve as a safe-haven asset.

AEGIS X (XDAO) announced that it will officially launch its mainnet tomorrow (September 3), and the project will fully enter the ecological operation and global market expansion phase.Previously, the AEGIS X Genesis Reserve Council's global co-construction phase has been completed, with a cumulative co-construction scale reaching 31,656,800 USD.AEGIS X uses USD1 as the core value settlement asset, building an ecosystem around USD1 × AI × DeFi, covering application scenarios such as stablecoin liquidity, on-chain payments, DAO collaborative governance, and AI Agent, promoting more on-chain applications and users to enter the USD1 ecosystem.

According to SolanaFloor, the supply of tokenized equity on the Solana chain has reached a historic high, with the scale of tokenized equity deposited in lending protocols also hitting a new high of $60 million. $NVDAx and $SPYx rank at the top by the number of holders.

Rapha Zagury, CEO of Twenty One Capital and founder of Elektron Energy, stated during his speech at Bitcoin Asia 2026 that the Bitcoin network is experiencing its first-ever bear market in hashrate. The hashrate of the Bitcoin network was close to 1.3 ZH/s at the end of last year, but has since been slowly declining, with the duration of this decline from the historical peak now setting a record. Zagury believes that Bitcoin mining is not simply a "good business" or "bad business"; it largely depends on where the mining company stands on the cost curve. Mining companies with lower energy costs and higher machine efficiency can maintain higher profit margins, while those with high energy costs and low equipment efficiency may be forced to shut down.Currently, while the Bitcoin hashrate price has improved compared to before, it is still at a relatively low level when measured against historical standards. When the price of Bitcoin rises faster than the growth of the network's hashrate, mining is more likely to outperform BTC. For companies, he believes that the best risk-adjusted allocation is not simply choosing to "buy BTC" or "mine," but rather a combination of both; however, if only $1 can be allocated, he suggests prioritizing the purchase of BTC. Regarding energy issues, Zagury stated that energy consumption itself does not imply waste; energy is the foundation of economic development and human progress. He believes that one of the greatest characteristics of Bitcoin mining is its highly flexible load, as mining machines can quickly turn on and off based on energy supply, thus helping the grid absorb idle or surplus electricity and enhancing grid stability to some extent. Additionally, he believes that Bitcoin mining is generating "option value" that was not previously apparent, including aspects such as energy utilization, market share, proximity to the Bitcoin protocol, and infrastructure. With the growing demand for AI and high-performance computing (HPC), the existing energy and data center infrastructure of mining companies may also gain additional application scenarios such as AI computing power. Currently, among large publicly listed mining companies, there are fewer and fewer that can continue large-scale Bitcoin mining, and the industry is at a critical stage where the energy revolution intersects with the Bitcoin revolution.

According to The Defiant, the tokenized credit fund HINC launched by Securitize in collaboration with Neuberger is now live on the Solana lending protocol Loopscale as collateral, allowing qualified investors to borrow USDG stablecoins without redeeming their holdings. HINC was launched on August 18 on Avalanche, Ethereum, Solana, and Sui, primarily holding assets such as high-yield corporate bonds, CLO tranches, and bank loans, with a minimum subscription of $100,000 and a fee rate of 0.6%, available only to qualified investors and qualified purchasers.Mary Gooneratne, co-founder of Loopscale, stated that HINC brings a fundamentally different type of collateral to the Solana credit market, supporting actively managed high-yield strategies that indicate on-chain lending can surpass crypto-native assets and short-duration instruments. RedStone uses its Trusted Single Source Oracle standard to price HINC, publishing the manager's daily NAV in a signed, timestamped, on-chain format for protocol verification and triggering liquidation events. Loopscale currently has a TVL of approximately $91.3 million and active loans of $55.9 million, ranking 27th on DefiLlama.HINC is the third Securitize product to go live on the protocol, following Apollo's tokenized credit fund ACRED and Securitize's own publicly listed stock SECZ on the NYSE as collateral.

Anatoly Popov, Vice Chairman of the Executive Board of Russia's largest bank Sberbank, stated that the scale of compliant cryptocurrency trading in Russia is expected to reach at least 40 trillion rubles in its first year, approximately 46.43 billion USD. The bank anticipates that as investors shift to the official trading system, the scale will increase to about 75 trillion rubles, approximately 87.06 billion USD, by 2029.He noted that most of the cryptocurrency trading volume will still flow outside of the regulated exchange system, with about 20% of the trading volume in the first year, or 35 trillion to 40 trillion rubles per year, being completed through exchanges. The relevant system will take effect on September 1, allowing investors to legally purchase cryptocurrency assets through brokers. Non-qualified investors can purchase up to 300,000 rubles of cryptocurrency assets per year through a single licensed intermediary, and they must pass a risk awareness test; the investment limit for qualified investors is 3 million rubles. Currently, the official exchanges can only trade Bitcoin, Ethereum, and USDT, while other altcoins will be excluded; exchanges must complete registration by July 1, 2027.

Bitwise CEO posted on the X platform that Solana, Ethereum, and Bitcoin are currently the only three crypto assets in the world whose ETF size has grown to over $1 billion.

The privacy-focused cryptocurrency Zcash has increased approximately 19 times in the past year, but its market capitalization is still less than 1% of Bitcoin. Digital asset management company Grayscale states that financial privacy, cybersecurity development, and cross-chain connectivity capabilities may drive Zcash to further expand its market share. As of today, Bitcoin's market capitalization is $1.56 trillion, while Zcash's market capitalization is $13.74 billion, about 0.88% of Bitcoin's, with Bitcoin's market cap being approximately 114 times that of Zcash.Grayscale estimates that if ZEC reaches 2%, 5%, and 10% of Bitcoin's market capitalization, the corresponding prices would be $1,622, $4,054, and $8,109, respectively; these scenarios are not price predictions. Grayscale's Zcash ETF began trading on NYSE Arca under the ticker ZCSH, moving from OTCQX to NYSE Arca, providing investors with spot ZEC exposure without the need to directly purchase tokens or manage wallets and private keys. Zcash uses proof-of-work and has a fixed supply of 21 million coins, supporting the concealment of transaction details through zero-knowledge proofs. Its intents technology can coordinate cross-chain transactions based on user goals, such as exchanging other digital assets for ZEC.

Pablo Hernández de Cos, General Manager of the Bank for International Settlements (BIS), stated that stablecoins lack credibility in large-scale payment scenarios, making it difficult to use them as everyday currency. He believes that tokenized bank deposits are a better alternative, capable of achieving the advantages of tokenization while retaining the foundation of the monetary system. This statement comes against the backdrop of regulatory agencies in various countries establishing a regulatory framework for stablecoins.Hernández de Cos also acknowledged that stablecoins could lower government borrowing costs but might also increase bank financing costs, which would then be passed on to household and business loan rates. He pointed out that the interoperability between stablecoin platforms is limited, anti-money laundering controls are inconsistently enforced, and the widespread use of dollar-pegged stablecoins overseas could undermine the monetary sovereignty of other countries and the effectiveness of domestic monetary policy.On the same day, the Financial Stability Institute (FSI) under BIS released a research report comparing the stablecoin regulatory rules of the United States, European Union, United Kingdom, Hong Kong, and Singapore, finding significant differences in the qualifications of issuing entities and the scope of business they can conduct across jurisdictions. The United States and Singapore impose stricter restrictions on non-bank issuing entities, while Hong Kong, the United Kingdom, and the European Union allow certain additional businesses under separate authorization or licensing.

The asset management company Grayscale's crypto research team stated in a report that the so-called "debasement trade" is favorable for Bitcoin. The head of research at the institution, Zach Pandl, pointed out in the report that uncontrolled government debt growth undermines the credibility of fiat currencies, prompting investors to seek alternative stores of value such as physical gold and certain cryptocurrencies, with Bitcoin being the primary beneficiary.The report states that U.S. public debt has surpassed $40 trillion, and the Treasury is conducting bond buybacks to alleviate rising borrowing costs, but the core deficit still exists. Grayscale believes this may drive investors towards debasement trades involving Bitcoin, Ethereum, and Zcash. The report also notes that the buybacks themselves indicate a problem—the heavy growth of government debt is driving up borrowing costs, and the Treasury is merely treating the symptoms (rising bond yields) without addressing the root cause of the structural deficit.As Bitcoin began to surge last week, the dollar experienced its worst week in August and fell to a three-month low. As of Friday afternoon New York time, Bitcoin was trading at approximately $77,493, having reached a high of $81,281 earlier in the week; it has remained relatively flat over the past 24 hours but has risen over 20% in the past 30 days.

Bloomberg ETF analyst Eric Balchunas posted on the X platform that the Bitwise Solana ETF has just surpassed $1 billion in size, becoming the first Solana ETF to reach this scale.The Solana ETF category has accumulated inflows of $1.7 billion, and after experiencing a severe decline in the first half of this year, there has been almost no sustained outflow of funds.

According to Arkham monitoring, addresses related to Grayscale Bitcoin Trust transferred 340.449091 BTC to two addresses including Coinbase Prime Deposit, worth approximately $26.9186 million.

Grayscale's research director Zach Pandl stated that over the past year, during the rise of risk assets driven by AI, Bitcoin's trading performance has been more aligned with high-beta assets, but this situation may be reversing. The 90-day correlation between Bitcoin and the Nasdaq 100 index has dropped from over 60% to about 33%, while its correlation with gold has risen from slightly above 0 at the beginning of the year to over 50%. Grayscale believes this change may indicate that investors are refocusing on Bitcoin's scarcity, monetary independence, and store of value function.Meanwhile, the U.S. federal debt recently surpassed $40 trillion, and the ongoing fiscal deficit along with rising long-term U.S. Treasury yields has led the market to once again pay attention to assets that can hedge against the deterioration of fiscal and monetary fundamentals. Pandl pointed out that Bitcoin has no central issuer, its issuance rules are transparent, and its maximum supply is fixed at 21 million coins. In an environment where the long-term purchasing power of fiat currency is being reassessed, Bitcoin can serve as a scarce and more liquid alternative asset beyond gold. Bitcoin and other scarce digital assets may be entering a more favorable market phase.