The Vietnamese government issued a resolution in September 2025 to launch a national pilot framework for encrypted assets, requiring that domestically issued encrypted assets be supported by real-world assets and initially only open to foreign investors. Boston Consulting Group predicts that the global tokenized asset market will exceed $14 trillion by 2030. The National Securities Commission of Vietnam stated that five companies have been preliminarily evaluated by the exchange and ultimately approved to meet Level 4 information system security standards and maintain a registered capital of approximately 383 million US dollars. On July 16th, the Vietnamese government issued a decree imposing fines ranging from approximately $1150 to $1918 for violations in the cryptocurrency market, which will take effect on September 1st. （Bitcoin.com News）

DeFi Development Corp. plans to conduct a $20 million Series C perpetual preferred stock IPO, with some of the proceeds going towards increasing its holdings in SOL. （Cointelegraph）

AI 3D company VAST has completed Series B and B+financing, totaling approximately 3 billion yuan, led by Jingwei Venture Capital, with participation from Perfect World, Blue Focus, Zhongke Chuangda, Sanqi Huyu, and other investors. Old shareholders such as Dachen Caizhi, Chunhua Capital, and 4399 have added funds. VAST completed Series A financing of 50 million US dollars in March, 200 million US dollars in June, and 1 million US dollars in July, with a cumulative financing of nearly 6 billion yuan in six months. Meshy completed Series B financing of 400 million US dollars in July, with a valuation of 1.5 billion US dollars.

According to Bloomberg, on September 1st, the price of Upbit Bitcoin in South Korea was about 1% higher than that of Binance, and this premium has been going on for a week, the longest record since early May. The price of Bitcoin was around $79000 at the beginning of September, and briefly surpassed $80000 in August. The US spot Bitcoin ETF had a net inflow of approximately $1.92 billion in the week of August 17th, followed by another inflow of $923 million at the end of August. According to Upbit data, Bitcoin has been discounted compared to international prices in the Korean market for most of this summer, with a discount of 3.1% in early June and an average discount of 0.25% in August. According to 10x Research, the premium in South Korea has turned positive, but the spot trading volume has not increased synchronously.

The vote on the Bitcoin and Crypto Clarity Act in the US Senate is scheduled to take place in two weeks. （The Bitcoin Historian）