[Coinbase Announces Support for SPX and FLOCK Deposits] Coinbase has announced support for SPX 6900 (SPX) on the Ethereum network and Flock (FLOCK) on the Base network. Users can now deposit assets via Coinbase and Coinbase Exchange in regions where trading is supported.

[The Fed's September Rate Cut May Trigger Market Volatility, VIX Indicator Reflects Risk] Analysis indicates that the Federal Reserve may cut rates in September, which could intensify market volatility. The VIX Fear Index shows an increase in investors' concerns about risk.

[New York Fed: Weak Job Market Hits Consumer Confidence] A survey by the New York Fed shows that in August, U.S. consumers' expectations for employment and the unemployment rate worsened, while short-term inflation expectations rose. The proportion of people expecting the unemployment rate to increase in the next year reached 39.1%, and a record-low 44.9% believed it would be difficult to find a new job after being laid off. Only 22,000 new jobs were added in August, far below expectations, and the unemployment rate rose to 4.3%, the highest level since 2021.

**[Market Analysis: Five Reasons for Gold's New Record High]** Gold Finance reports that gold prices have hit a new high, reaching $3,640 per ounce, with a daily increase of nearly 1.5%. Adam Button, an analyst at the U.S. financial website InvestingLive, stated that after breaking out of the consolidation range from April to September, gold prices have shown a parabolic upward trend. There is no real mystery behind this, and the main reasons are as follows: 1. Trump is attempting to take control of the Federal Reserve and push interest rates down to levels they would not normally reach. 2. The global trade order is collapsing. 3. The global order surrounding military intervention is disintegrating (referencing U.S. Vice President Vance's weekend remarks about the killing of a Venezuelan citizen). 4. Fiscal spending is out of control. 5. Technical indicators consistently support the trend.

[U.S. August New York Fed 1-Year Inflation Expectation Rises to 3.2%] The U.S. August New York Fed 1-year inflation expectation rose from the previous value of 3.09% to 3.2%, while the 5-year inflation expectation remained unchanged at 2.9%.

[U.S. Sanctions Myanmar Karen National Union-Sheltered Scam Center] The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) has announced sanctions on a scam center located in Myanmar's Shwe Kokko region, which is sheltered by the Karen National Union (KNU). The center is accused of engaging in cryptocurrency investment fraud through forced labor and violent means, stealing billions of dollars. Additionally, the sanctions extend to ten related targets in Cambodia. The Karen National Union profits from transnational criminal activities, including operating online scam centers and selling energy utilities.

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**[Binance HODLer Airdrop Launches Linea (LINEA)]** Binance has announced the launch of the HODLer airdrop event, introducing the Linea (LINEA) token, a Layer 2 ZK Rollup network powered by zkEVM, designed to scale the Ethereum network. The airdrop is scheduled for 2025-09-11 00:00 (UTC+8). The token will begin trading on 2025-09-11 00:00 (UTC+8), supporting trading pairs such as LINEA/USDT, LINEA/USDC, and LINEA/BNB. After the airdrop concludes, LINEA will be available on services like Spot trading, trading bots, and spot copy trading, with an expected launch time of 2025-09-11 00:00 (UTC+8). **Important Notes:** - Users must complete KYC and reside in eligible regions to participate in the airdrop. - Airdrop eligibility requires subscribing BNB to Simple Earn or On-Chain Yields products within the specified timeframe and maintaining a minimum balance of 0.01 BNB. - Users from the following regions are not eligible for the airdrop: United States, Canada, Australia, etc.

[Coinbase Supports Polkadot and Kusama Migration to Asset Hub] Coinbase has announced support for Polkadot and Kusama migrating from the Relay Chain to the Asset Hub network. The Kusama upgrade is expected to take place on October 7, 2025, while the Polkadot upgrade is scheduled for November 4, 2025. During the migration period, sending, receiving, and certain staking functionalities for Kusama and Polkadot will be temporarily disabled from October 6-8 and November 3-5, respectively. Users' KSM and DOT tokens will be automatically migrated.

OKX has announced the addition of Linea (LINEA) to multiple services, including spot trading and futures contracts, officially launching on 2025-09-10 at 23:00 (UTC+8). Notes: - Market orders will be prohibited during the first 5 minutes of spot trading, with limit orders and net position amounts capped at $10,000. - During the final 5 minutes of the call auction, only limit orders will be allowed, and modifications or cancellations of orders will not be permitted. - Pre-market contracts will be converted into standard perpetual contracts within 3 hours starting from 23:00 on September 10, 2025.

At the opening of the US stock market, the Dow Jones Industrial Average fell 13 points, the Nasdaq rose 102 points, and the S&P 500 index rose 0.19%.

Solana (SOL) was also among the top performers, gaining 4.5% over the weekend.

Binance has announced the addition of OpenLedger (OPEN) to multiple services, including margin trading and futures contracts, officially launching on 2025-09-08 at 21:00 (UTC+8). Important Notes: - Users holding BNB Simple Earn products or BNB On-Chain Yield assets will automatically participate in the OPEN airdrop. - Binance Futures will launch the OPENUSDT perpetual contract with a maximum leverage of 75x; funding rates may be subject to adjustment. - Newly listed tokens may experience significant volatility; users are advised to adopt strict risk management strategies.

[Kazakhstan President Proposes Establishing a National Digital Asset Fund to Promote Cryptocurrency Reserve Strategy] Kazakhstan President Kassym-Jomart Tokayev has proposed the establishment of a National Digital Asset Fund under the National Bank's investment company to accumulate strategic cryptocurrency reserves and adapt to the evolving financial landscape. He instructed the government and the National Bank to develop an investment plan of up to $1 billion aimed at fostering growth in high-tech sectors. The president also emphasized the necessity of developing new tools to inject bank liquidity into the economy and called for the formulation of new banking laws to enhance market competitiveness, attract new participants, promote fintech development, and regulate the circulation of digital assets. Additionally, he mentioned the launch of the digital tenge, the national digital currency, which has already been used for project financing within the national fund, and urged the acceleration of building Kazakhstan's digital asset ecosystem.

The leading U.S. exchange for technology giants is moving toward blockchain-based listing and trading of stocks, filing a request with the SEC to pursue it.

Altcoins like DOGE and SUI are rallying as the broader memecoin market shows signs of rejuvenation.

Paolo Ardoino said Tether, issuer of the world's largest stablecoin USDT, "didn't sell any bitcoin."

[Ark Invest Increases Holdings in Two Crypto Industry Companies] According to reports, Ark Invest, led by Cathie Wood, has increased its holdings in Bitmine Immersion Technologies and Bullish. Bitmine focuses on Ethereum mining and crypto asset management, while Bullish operates the digital asset exchange Bullish Exchange.

[Nasdaq Submits Proposal to U.S. SEC to Allow Trading of Tokenized Securities] According to a report by Reuters, Nasdaq has submitted a proposal to the U.S. Securities and Exchange Commission (SEC) to amend its rules to allow securities listed in traditional digital or tokenized forms to be traded on the Nasdaq exchange.

Your day-ahead look for Sept. 8, 2025