According to DB News, the DOJ is cleared to sell 69,370 $BTC($6.58B) confiscated from Silk Road.

According to HTX market data, escalating US-Iran tensions have pushed the crypto market into another downturn. Bitcoin fell below $77,000 this morning, currently trading at $77,300. Ethereum dropped below $2,400, SOL slipped below $100, and BNB is now at $683. The total cryptocurrency market cap has shed 1.5% in 24 hours, standing at $2.7 trillion. Top gainers include SC and ACE, surging over 30% in 24 hours; ONG, FF, FIL, and CHIP rising more than 10%. UNI extended its strong run, climbing 10.37% to $5.9. The primary catalyst for UNI’s rally is the explosion in real trading volume on Robinhood Chain, which has made Uniswap the leading DEX for tokenized stock RWAs on Robinhood. Daily tokenized stock trading volume once hit roughly $130 million, nearly a 10-fold increase in a month. Furthermore, since Uniswap’s v4 version fee switch launched on Robinhood on July 27, the chain has become a key contributor to its fee revenue. Meanwhile, altcoins including CRDOB, HEMI, PROM, MITO, and ZKC have dropped over 10%.

Sui ecosystem DeFi protocol Full Sail announced it will gradually cease operations due to the Switchboard oracle security incident. Affected protocols include Virtue Money, which reported roughly $455,000 in losses and 45 users being liquidated. Switchboard has issued a statement on the incident, but as of September 1, it has not provided the technical details Full Sail requested nor committed to compensation. Mysten Labs rejected Full Sail’s request for financial support. Full Sail said all remaining liquidity held by the protocols will be prioritized for distribution to users; the team will cover any shortfall to ensure community depositors receive compensation first.

Robinhood Wallet and the Fomo app allow users to directly purchase meme coins via Visa or Mastercard credit cards through Apple Pay or Google Pay, with no identity verification required throughout the process, and transactions can earn regular credit card points or cashback—a feature that has sparked controversy. The service is provided by crypto infrastructure firm Crossmint, whose Token Checkout product categorizes meme coin transactions under MCC 5815 ("Digital Goods, Media") instead of cryptocurrency purchases. This category was originally intended for goods like e-books and digital movies. JPMorgan Chase, the card issuer under JPMorgan, stated after an investigation that Visa transactions were not marked as cryptocurrency purchases. The bank considers the MCC code misused, meaning the transactions should not qualify for points, and has filed a case against Visa over the issue. Meanwhile, the New York State Attorney General’s Office is aware of the matter and reviewing it. Crossmint insists the classification is reasonable, citing the SEC’s prior statement that certain meme coins can be considered "digital collectibles" in a securities context, and referencing an example in a joint SEC-CFTC guidance that lists WIF as a digital collectible. Payment experts note that card network rules and SEC guidance are "two completely separate systems." Visa and Mastercard have clear MCC 6051/6012 coding requirements and special labeling rules for direct cryptocurrency transactions, and these are not waived due to a "collectible" classification.

Dell Technologies releases Q2 fiscal 2027 results: Revenue hits $47 billion, up 58% year-over-year, beating market expectations of $44.8 billion; non-GAAP earnings per share (EPS) stands at $7.04, surging 203% YoY, far exceeding the market consensus of $4.90. The company has sharply raised its full-year revenue guidance from the previous ~$167 billion to $192 billion, significantly higher than the market forecast of $173.8 billion; it projects full-year non-GAAP EPS at $25.50, also well above the market expectation of $19.10. According to BIT (bit.com) market data, Dell Technologies (DELL) closed down 6%, and rose 8.01% in after-hours trading following the earnings release.

According to Bitget market data, South Korea’s KOSPI index opened down 190.62 points, a 2.79% drop, trading at 6645.18 points. Both SK Hynix and Samsung Electronics fell around 3%. Japan’s Nikkei 225 index opened down 1058.52 points, a 1.60% drop, trading at 65156.82 points.

U.S.-Iran tensions escalate as the U.S. military launches strikes on targets inside Iran, with Trump warning of far harsher retaliation if Iran strikes back, while Iran has launched simultaneous counterattacks. Below is a roundup of the latest developments in the Middle East: Conflict developments: The U.S. has launched a new round of strikes on Iran; Iran’s key energy hub ports were attacked, and multiple sites along its southern coast were bombed. Trump’s remarks: The U.S. is striking Iran; if Iran dares to retaliate, it will be left with next to nothing. Iran’s Revolutionary Guards counterattacked, shooting down a U.S. MQ-9 drone; explosions were reported in Erbil, Iraq; and U.S. bases in Jordan and Bahrain were targeted in attacks. Iran: It will respond with measures several times over and strike U.S. bases severely. Iran threatens Bahrain and Kuwait: "The gifts are on the way." Iran: Current circumstances do not allow a return to the memorandum of understanding signed with the U.S. Trump’s renewed remarks: The deal reached with Iran is worthless, and the U.S. has given Iran many opportunities; if Iran makes further mistakes, it will be completely erased. Strait of Hormuz: The number of commercial vessels transiting the Strait on Monday changed little, remaining in the single digits. Two supertankers were hit by shells in the Strait of Hormuz. U.S. Treasury Secretary Scott Bessent: The Strait of Hormuz will see "diversion traffic" within two years. Iran: It will not allow the U.S.’s attempt to divert vessels through the southern route of the Strait of Hormuz. The U.S. military has diverted 84 commercial vessels, while three others have been disabled.