Market Wrap
Regulatory pressure on crypto gambling and a consortium of global banks moving into stablecoin issuance shaped the day's financial infrastructure news.
2026-09-02
$127.4M of USDC destroyed on Ethereum at block 25,891,062
Total USDC supply is now $51bn. Read off the chain at 17:20 UTC on 2 Sep 2026.
Byte News expands tracked asset list to 500 cryptocurrencies by trading volume
Byte News reviewed its coverage list on 2026-09-02, expanding tracked assets to 500 ranked by 24-hour volume.
2,094 BTC moves on Bitcoin in a single transfer at block 965,187
Worth $162,302,484 when it moved — 2,094.0094 BTC exactly. Read off the chain at 16:28 UTC on 2 Sep 2026.
Lawsuit alleges Tether froze $42.4 million USDT months before U.S. warrant
Two Thai businessmen claim Tether blocked their stablecoins without legal process.
Citi, Goldman Sachs, BofA and 18 Other Institutions Plan Joint Stablecoin Venture
Twenty-one banks and asset managers, including Citi, Goldman Sachs and Bank of America, say they will jointly incorporate a company to issue a dollar stablecoin.
SEC Proposes First Major Update to Transfer Agent Rules Since the 1980s, Citing Tokenization
The SEC has proposed updating decades-old transfer agent rules to account for blockchain recordkeeping, tokenized securities, and automated market infrastructure.
668 BTC moves on Bitcoin in a single transfer at block 965,155
Worth $51,171,061 when it moved — 668.3262 BTC exactly. Read off the chain at 10:33 UTC on 2 Sep 2026.
Bitcoin gains 25% in August as spot ETFs post best month of 2026
Bitcoin climbed 25% in August, marking the strongest month for spot ETFs this year despite oil price spikes and Fed rate hike expectations.
Market Wrap
Polymarket secured venture funding at a new valuation, UK authorities moved against a Premier League sponsorship over gambling concerns, and a DeFi insurance protocol expanded its scope.
Robinhood Chain DEX Volume Hits $1.6 Billion as Hyperliquid Strategies Expands Equity Facility to $2.5 Billion
Robinhood Chain's DEX volume surged to $1.6 billion while its Pons launchpad outearned pump.fun, and Hyperliquid Strategies expanded its equity facility to $2.5 billion.