Bitcoin miner abandons mining operations for $1.2 billion AI deal

BTC price is $81,145.08, up 5.37% in the last 24 hours.

ETH price is $2,497.82, up 5.00% in the last 24 hours.

XRP price is $1.453, up 8.01% in the last 24 hours.

BNB price is $723.56, up 5.47% in the last 24 hours.

SOL is priced at $104.20, up 4.67% in the last 24 hours.

TRX price is $0.33065, up 1.83% in the last 24 hours.

DOGE price is $0.08747, up 7.97% in the last 24 hours.

HYPE price is $85.784, up 5.58% in the last 24 hours.

A Bitcoin mining company abandons its current mine in pursuit of an AI deal valued at over $1.2 billion.

According to CoinJournal, a Bitcoin mining company has announced it is abandoning its current mining operations to pursue AI-related transactions valued at over $1.2 billion.

The U.S. dollar depreciates as the 30-year Treasury yield reaches a nearly 20-year high.

CoinDesk reports that despite the 30-year Treasury yield reaching its highest level in nearly two decades, the U.S. dollar continues to depreciate. The DXY index fell from near 102 in August to below 99. The renminbi strengthened against the dollar, and the yen rose 1.5% on expectations of interest rate hikes by the Bank of Japan. Pressure on the dollar stems from the U.S. government’s $40 trillion in debt, growing deficits, and concerns over potential expansion of the Treasury’s repurchase program. Investors are demanding higher yields to hold long-term U.S. debt, while the dollar remains weak. Friday’s jobs report will be the next test.

Coinbase seeks SEC and CFTC approval to offer 24/7 leveraged stock trading.

Coinbase is seeking approval from the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) to offer 24/7 leveraged stock trading, according to Bloomberg. The exchange aims to classify stock perpetual contracts as “security futures” under existing regulations. Coinbase has already offered stock perpetual contracts with up to 20x leverage to non-U.S. users, covering stocks such as Apple, NVIDIA, and Tesla.

CPI vs. PCE Inflation: Which One Does the Fed Monitor?

Coinpaper reports that both CPI and PCE are indicators used to measure U.S. inflation, but they are calculated differently. The Federal Reserve’s official target is PCE inflation, not CPI, with a long-term goal of 2% inflation. Although CPI typically triggers stronger market reactions due to its earlier release, allowing investors to quickly access key information on consumer inflation, recent data shows that the annual CPI increase in July was 3.4%, with core CPI at 2.5%, while PCE inflation stood at 3.7% and core PCE at 3.3%. This indicates that investors should not treat these two metrics as interchangeable. CPI is usually released before PCE, and traders use CPI data to reassess interest rate expectations, Treasury yields, and the dollar. A lower CPI reading may support stocks and cryptocurrencies by reducing expectations of tighter monetary policy, while a higher CPI reading could have the opposite effect.

Matt Hougan predicts Bitcoin's price will reach $1.3 million by 2035.

According to CoinDesk, Bitwise Chief Investment Officer Matt Hougan predicts that Bitcoin's price will reach $1.3 million by 2035. He also compared AI stocks with Bitcoin and noted that the total value of tokenized assets on Stellar has exceeded $4 billion.

Bitcoin ETFs saw $101 million in inflows, while funds exited other crypto assets.

According to Coin Bureau, Bitcoin is the only cryptocurrency ETF currently experiencing net inflows, with $101.15 million entering the fund. Meanwhile, other crypto assets are seeing outflows: Ethereum recorded $48.08 million in outflows, XRP $7.2 million, Solana $6.13 million, and Dogecoin $763,000. Other assets including Hype, LINK, HBAR, Avalanche, and DOT showed no net inflows.

The cryptocurrency market added $135 billion in market capitalization over the past 24 hours.

According to CoinMarketCap, the total cryptocurrency market capitalization increased by approximately $135 billion over the past 24 hours.

The SEC seeks comments on cryptocurrency ETF filings, with industry groups divided in their positions.

CoinDesk reports, according to Bitcoin.com News, the U.S. Securities and Exchange Commission (SEC) is seeking public input on the confidentiality period and review speed for crypto ETF filings. Grayscale and the Crypto Council for Innovation (CCI) support implementing an optional confidential filing period, while Charles Schwab recommends making filings public 75 days in advance. Andreessen Horowitz (a16z) supports shortening the review timeline, whereas Jane Street cautions that accelerating the process could compromise product quality. Currently, there are 174 crypto-related ETFs in the United States; BlackRock’s iShares Bitcoin Trust ETF (IBIT) manages approximately $61 billion in assets, accounting for about 38% of total assets.

Anthony Pompliano's ProCap Financial repurchased 2% of its shares, holding 5,305 BTC.

According to CoinDesk, Anthony Pompliano’s ProCap Financial announced a repurchase of 2% of its common shares at a 40% discount, totaling 50 shares. The company currently holds 5,305 bitcoins and ranks 20th on the Bitcoin 100 list.

BlackRock's spot Bitcoin ETF, IBIT, saw daily inflows of approximately $300 million, rising nearly 6%.

According to Eric Balchunas of Bloomberg, BlackRock’s spot Bitcoin ETF, IBIT, saw an estimated inflow of approximately $300 million today, up nearly 6%.

The Energy Mag reports that Bitcoin mining companies have reduced their hash rate by 23%.

According to CoinJournal, Wu Shuo learned that The Energy Magazine analyzed that, as some Bitcoin mining companies shift their infrastructure toward HPC hosting and AI cloud services, listed mining firms have reduced their actual Bitcoin hashing power by approximately 23%. Among companies actively transforming their business models, HPC hosting and AI cloud revenues have surpassed mining revenues. However, the cumulative expenditure on these transformations remains about 15 times the current revenue generated. Meanwhile, the rise in Bitcoin prices in late August and the decline in overall network hashing competition have eased profitability pressures on mining companies using efficient mining hardware.

Matt Hougan: Investors should allocate to AI assets or Bitcoin.

According to CoinDesk, Bitwise Chief Investment Officer Matt Hougan said investors should position themselves for two potential solutions to the U.S. debt problem: if the U.S. resolves its debt through growth, hold AI assets; if it resolves its debt through inflation, hold Bitcoin.

Two Thai businessmen sue Tether for prematurely freezing 42.41 million USDT.

CoinDesk reports that two Thai businessmen, Nutthawat Rukthammachalern and Natthawat Kasamvilas, have sued Tether in the U.S. District Court for the Southern District of New York, alleging that Tether froze 42.41 million USDT three months before a seizure order was issued. Tether has previously stated that it has cooperated with law enforcement agencies to freeze over $440 million in assets, more than $210 million of which are related to U.S. authorities.

FBI: Seizes $560,000 in cryptocurrency from Hamas fundraising network

CoinDesk reports that the U.S. Department of Justice and the Federal Bureau of Investigation (FBI) have seized over $560,000 in illicit cryptocurrency funds linked to Hamas. This seizure followed an 18-month investigation tracing blockchain transactions, during which the FBI also shut down communication channels used by Hamas donors and supporters. According to a statement issued on September 1, the court authorized the FBI to seize these funds and legally disrupt all communication channels the organization used to raise funds from sympathizers. FBI documents indicate that the operation began in March 2025 and continued through August 2026.

Coinbase files registration with the SEC, planning to launch single-stock perpetual contracts in the U.S.

Coinbase announced on September 1 that it filed two SEC registration notices to launch single-stock perpetual contracts in the U.S. through its regulated derivatives exchange and brokerage business. Coinbase stated that it is collaborating with the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) to bring more financial products to the U.S. market. The company has not yet announced when trading will begin or which publicly traded companies will serve as underlying assets. Under SEC rules, Form 1-N allows CFTC-regulated exchanges to register with the SEC to trade securities futures products. Coinbase Derivatives has operated as a CFTC-designated contract market since 2020.