The US dollar fell to a one month low against the Japanese yen, with a intraday drop of 1.4%

[Australian Securities and Investments Commission Requires Crypto Companies to Apply for Licenses, Late Applications Face Penalties] According to Cointelegraph, the Australian Securities and Investments Commission (ASIC) has mandated that crypto companies relying on temporary regulatory exemptions must apply for an Australian Financial Services License or modify their existing licenses by September 30. Starting October 1, businesses that fail to meet the conditions of ASIC's no-action position and still require authorization will face civil or criminal penalties, with fines reaching up to 10% of annual turnover. Since updating the relevant guidelines in October 2025, ASIC has received over 45 license applications related to digital assets.

[The Bank of Japan Leaning Towards a 25 Basis Point Rate Hike This Month, Future Rate Hike Pace to Remain Flexible] According to Jintou reports, insiders revealed that the Bank of Japan is inclined to raise the benchmark interest rate by 25 basis points this month and flexibly adjust the pace of future rate hikes based on economic and price conditions. Bank of Japan officials will discuss the possibility of raising the policy rate, believing that inflation risks are skewed to the upside. Rising service prices and the weakening yen have strengthened the rationale for taking action. Currently, Japan's economic development aligns with the Bank of Japan's expectations, and given the absence of significant changes in economic conditions, the likelihood of a 50 basis point rate hike is low.

DanCoinInvestor stated that the market has experienced a breakthrough in SOPR after 11 months of suppression, and despite profit taking pressure, the market remains strong. （CryptoQuant）

Analyst Willy Woo stated that Bitcoin is dominated by the supply shock brought about by the halving, but the annual increase in supply has dropped to 0.8%, and internal forces are gradually weakening. Bitcoin may be transitioning towards a 6-8 year short-term debt cycle in traditional financial markets.

According to Xinhua News Agency, on September 3rd, Huang Ling, spokesperson for the Ministry of Commerce, stated at a regular press conference that China opposes the US using multilateral mechanisms such as the G20 to hype up so-called economic imbalances and overcapacity, believing that its essence is to promote protectionism and find excuses to pressure and restrict China.