Digital asset market update — 3 September 2026
Reporting the 24 hours to 06:00 Europe/London · 326 words · Prepared by 01 Capital
Concerns surrounding prediction markets intensified as New Jersey requested the U.S. Supreme Court to address regulatory jurisdiction over sports betting on these platforms, following divergent appeals court rulings (The Block, CoinDesk). This move comes after a Michigan court issued an injunction ordering Kalshi to continue blocking sports prediction markets, with potential daily fines of $500,000 for non-compliance (The Block). Concurrently, Kalshi and Polymarket experienced a combined 15% drop in volume in August, marking their first monthly decline in a year (The Block).
In corporate digital asset strategy, Japan-listed Remixpoint sold all its Ether, Solana, XRP, and Dogecoin holdings to concentrate its crypto treasury solely on Bitcoin, now holding approximately 1,506 BTC valued at around $115 million (CoinDesk, The Block). Dogecoin was the only losing bet for Remixpoint during this rebalancing, having been sold below its fiscal-year opening value (CoinDesk). This pivot follows a private placement where Adam Back invested an additional $8.8 million in Capital B, a French bitcoin treasury firm targeting 3,521 BTC (The Block, CoinDesk).
Regulatory and enforcement developments included the CFTC filing to dismiss CME’s lawsuit regarding crypto perpetual futures, arguing CME lacks standing on competitive injury claims as a designated contract market (The Block). The DOJ reported Hamas crypto seizures reached $560,000, with the FBI taking control of fundraising sites (CoinDesk). Elsewhere, Kraken parent Payward delayed its IPO to at least Q2 2027 due to market conditions (CoinDesk), and Anthony Armstrong, former CFO of Elon Musk’s xAI and X, joined Coinbase’s board (The Block).
Broader market movements saw Bitcoin rebound above $77,500 with XRP leading majors as Federal Reserve hike odds declined to 62% (CoinDesk). Earlier in the period, Bitcoin had slipped below $76,500 amidst U.S. strikes on Iran and rising oil prices (CoinDesk). The G20 finance leaders have also pledged to establish clear pathways for digital asset innovation, acknowledging their potential to support economic growth (The Block).
Institutional participants will closely monitor the U.S. Supreme Court's decision on prediction market regulation.
How 01 Capital reads this
01 Capital is a research and intelligence firm specialising in the structures, behaviours and economics unique to digital assets. We provide valuation intelligence, tokenisation, transaction support and strategic and board advisory to institutions, asset managers, corporate treasuries and advisers.
Sources
- The Block — New Jersey asks Supreme Court to decide who regulates sports betting on prediction markets
- CoinDesk — New Jersey becomes first state to ask Supreme Court to weigh in on prediction markets
- The Block — Michigan court orders Kalshi to keep blocking sports prediction markets
- The Block — Kalshi and Polymarket’s combined volume falls 15% in August, first monthly decline in a year
- The Block — Japan-listed Remixpoint sells all ETH, SOL, XRP and DOGE holdings in shift to bitcoin-only crypto strategy
- CoinDesk — Dogecoin becomes only losing bet for Japan-listed firm as it sells altcoins for bitcoin
- The Block — Adam Back invests another $8.8 million in Capital B as bitcoin treasury firm targets 3,521 BTC
- CoinDesk — Capital B aims to add 376 BTC to bitcoin treasury following $8.8 million Adam Back investment
- The Block — ‘Much ado about nothing’: CFTC files to dismiss CME’s lawsuit over crypto perpetual futures
- CoinDesk — DOJ says Hamas crypto seizures reached $560,000 as FBI took over fundraising sites
- CoinDesk — Kraken parent Payward delays IPO to second quarter of 2027 at earliest
- The Block — Anthony Armstrong, former CFO at Elon Musk’s xAI and X, joins Coinbase board
- CoinDesk — Bitcoin back above $77,500, XRP leads majors as Fed hike odds slide to 62%
- The Block — G20 finance leaders vow to establish ‘clear pathways’ for digital assets innovation
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