The U.S. core Consumer Price Index (CPI) for August increased by 3.1% year-over-year, with weak job data potentially paving the way for a Federal Reserve rate cut. In a significant legislative move, Congress has proposed that the Treasury develop a Strategic Bitcoin Reserve, highlighting growing institutional interest in cryptocurrency. In regulatory news, the SEC chair has clarified that most tokens do not qualify as securities, potentially easing compliance burdens for many crypto projects. Meanwhile, Nasdaq has filed to permit trading of tokenized stocks and ETFs, signaling a shift towards integrating traditional finance with blockchain technology. Additionally, Upbit has launched its Layer-2 public chain, GIWA, and BlackRock is exploring the development of tokenized ETFs, further indicating the financial sector's increasing embrace of digital assets.