Daily Market Wrap | Sep. 08

SEC Chair Paul Atkins set a Spring agenda to clarify crypto rules and ease compliance.
Bitcoin mining is becoming more centralized as hashrate drops ~4.8%, miners trim operations under rising difficulty, and smaller players struggle under pressure.
Friday’s U.S. jobs report on September 5, 2025 triggered major crypto volatility as muted labor data intensifies expectations of a Fed rate cut.
World Gold Council will pilot digital gold in London’s $900B bullion market from early 2026.

Michael Saylor debuted on the Bloomberg Billionaires Index, with an estimated net worth of $7.37 billion, driven by gains in Strategy’s stock and its vast Bitcoin holdings.
Michael Saylor’s Strategy was passed over for S&P 500 inclusion on September 5, 2025, despite meeting all criteria, while Robinhood was added instead.
SOL Strategies won approval to list on Nasdaq under ticker STKE, with trading starting Sept 9, 2025.

SEC

Bitcoin