On September 3, U.S. President Trump stated, "If the appeal against the tariffs is rejected, I will have to withdraw the tariffs. If the tariff ruling is unfavorable to us, we will have to refund hundreds of billions of dollars. The tariff ruling has no legal basis. If the tariffs are removed, we could ultimately become a third world country."

On September 3rd, the spot gold price reached $3530/ounce, setting a new historical high, with a big pump of over $50 during the day, an increase of 1.54%.

Many economists support The Federal Reserve Board of Governors member Lisa Cook, opposing President Trump’s request to dismiss her, arguing that the independence of the Fed should be protected. Nearly 600 people signed an open letter supporting Cook, including Nobel laureates and former economic advisors.

[Block Rhythm] On September 2, it was reported that a trading platform announced the launch of its tokenized stock product xStocks on the Ethereum Mainnet in collaboration with the Swiss institution Backed. Users can access xStocks on the Ethereum blockchain in the form of ERC-20 tokens and achieve interoperability with Decentralized Finance protocols. xStocks has previously launched on Solana, BNB Chain, and TRON, with a total trading volume reaching 3.5 billion USD.

On September 2, the Spot gold price broke through $3510/ounce, setting a new historical high.

On September 2, a trading platform announced that its tokenized stock product xStocks would be launched on the Ethereum Mainnet in collaboration with the Swiss institution Backed. Users can access xStocks on the Ethereum on-chain through ERC-20 tokens and achieve interoperability with Decentralized Finance protocols. xStocks has previously been launched on Solana, BNB Chain, and TRON, with a cumulative volume of 3.5 billion dollars.

[Chain News] On September 2, news broke that California Governor Gavin Newsom announced plans to issue a memecoin to challenge the $TRUMP Token.

Maghnus Mareneck, the co-CEO of the Cosmos business unit, emphasized the importance of interoperability in stablecoin payments, pointing out that an increasing number of companies are choosing to create their own Blockchains and facing challenges. He mentioned that collaboration with major banks will drive the use cases of stablecoins, accelerate the digital transformation of enterprises, and bring more choice and power to consumers.

TRX treasury company Tron Inc. received an investment of $110 million from its largest shareholder Bravemorning Limited, increasing its holdings by 312,500,100 TRX tokens, with a total holdings value exceeding $220 million, and its shareholding ratio rising to 86.6%, consolidating its controlling position.

[Coin World] A macro researcher from a data platform released a Chinese community briefing, which pointed out: "The group is relatively disappointed with Ethereum's performance, believing that Ethereum has clearly weakened compared to Bitcoin. Traders are generally optimistic about Bitcoin allocation and feel fatigued by the ETH/BTC seesaw effect. The market shows a differentiated pattern of Bitcoin rising alone while mainstream tokens are generally falling."

[Bit推] Decentralization AI data platform PublicAI announced a partnership with Oracle Machine network Chainlink to enhance its data verification and distribution capabilities.
At the same time, PublicAI announced the completion of the buyback of 2 million tokens, which may have influenced the token PUBLIC to rise by 39% within half an hour, with a current price of 0.073 dollars.

According to market data, the three major US stock index futures are trading lower before the market opens, with Nasdaq futures falling nearly 1%.

On September 2, according to reports, the U.S. Congress is resuming work after the recess, and legislation on the market structure of Crypto Assets is set to become the focus. The Senate Banking Committee is expected to mark up the draft discussion on market structure before the end of September, while the Senate Agriculture Committee is also set to release a draft covering the CFTC regulatory section in the near future.
Senator Cynthia Lummis stated that the market structure bill is expected to be signed into law by President Trump before Christmas this year. In addition, the Small Business Administration has ordered banking institutions to restore services to customers who have been illegally "de-banked," and has requested that relevant policies be corrected by December 5. The Consumer Financial Protection Bureau has also publicly acknowledged instances of abuse of power against certain companies during the Biden administration.

[Coin World] On September 2, it was reported that Ether Machine has raised $654 million worth of Ethereum through private financing. This crypto assets company is expanding its financial strategy in preparation for a listing on Nasdaq later this year. The company stated that 150,000 Ethereum, invested by long-time Ethereum supporter Jeffrey Berns, will be deposited into its wallet later this week. Jeffrey Berns will also join the company's board.

[Coin World] The Office of the Comptroller of the Currency, the Fed, and the Consumer Financial Protection Bureau have delayed, reduced, or canceled reviews of banks, with regulators narrowing the scope of examinations. These adjustments affect large and mid-sized banks.

The digital asset investment company HashGlobal announced that its Compliance BNB Dividend Fund (BNBYieldFund) has received strategic support from YZi Labs, aiming for a management scale of 100 million USD by the end of the year and reaching 3 billion USD within three years. The fund will be operational from June 15, 2025, with a return rate of 32.5%. It covers a diversified income structure, providing investors with bi-weekly Liquidity.

[Block Rhythm] On September 2, according to monitoring, Venus Protocol users suffered a phishing attack, resulting in a loss of approximately 27 million USD in Crypto Assets.
The victim approved a malicious transaction, granting token approval for asset transfer to the attacker's address (0x7fd8...202a).

On September 2, according to official news, the Bitcoin Decentralized Finance protocol Lombard Token public sale has attracted over 70 million dollars in investment, with an oversubscription rate of 1038%.
According to previous news, the Bitcoin DeFi protocol Lombard has launched a community round token public sale on a certain platform, with a valuation of 450 million dollars.

According to data from the data platform, the net inflow of funds to the Arbitrum cross-chain bridges reached 249.9 million USD in the past week, ranking first among all public chains. Following are Ethereum and Xdai, with net inflows of 211 million USD and 84.1 million USD, respectively.
Polygon, Solana, and Base saw net outflows of $86.35 million, $74.61 million, and $67.44 million respectively.

According to DefiLlama data, Hyperliquid's August revenue reached $106 million, setting a monthly historical record, a 23% rise compared to July's $86.6 million. This is attributed to the platform's nearly $400 billion volume in Perptual Futures in August.