SOL fell back after encountering resistance around $110. Foreign media reports that the range of $102 to $95 is a key support level for the short term; if this level can be held, the subsequent target remains at $133.

Foreign media reports that the US CLARITY Act aims to clarify the boundaries between securities and commodities of crypto tokens, and it will affect the regulation of BTC, ETH, XRP as well as trading platforms.

South Korea reduces leverage on individual stocks ETF by raising thresholds and mandating simulated transactions, resulting in a decline in both the trading volume of related products and the asset size.

Circle released a case in August stating that LuLu Financial Holdings uses USDC to support cross-regional remittance settlements in the Gulf, Middle East, and Asia-Pacific regions. The case study describes a specific institution using stablecoin infrastructure in a particular business process and should not be extrapolated to imply that the entire regional remittance system has been fully digitized on-chain. Cross-border remittances involve licensing for both the sender and recipient, bank cooperation, foreign exchange conversion, customer identity verification, anti-money laundering checks, and local cash or account payment networks; on-chain settlement can improve one of these processes, but it does not necessarily replace all of them.

Circle announced in August the expansion of the local currency deposit and withdrawal capabilities of Circle Mint, adding 8 new local currency channels. The core of such updates is how institutions can convert fiat funds into on-chain stablecoins, followed by redemption and settlement; this is not a retail wallet feature available to all individual users. Circle also emphasizes in its public statement that Mint is mainly targeted at institutions, and specific services are subject to restrictions based on location, account qualifications, banking partnerships, and compliance requirements. Describing "new channels" as "free withdrawals for everyone" is not only inaccurate but also overlooks the most important access limitations in the use of stablecoins.