Crypto markets traded mixed to lower as tighter global liquidity weighed on major assets, with Bitcoin falling 1.60% to $77,462 and Ethereum declining 2.42% to $2,413.61. DeFi (decentralized finance) tokens outperformed, gaining roughly 10.2% on average; Uniswap rose as much as 16.21%, Filecoin gained as much as 13.97% and PYTH Network advanced as much as 10.04%. Rising U.S. Treasury yields, Japan's duration stress and expectations for a 25-basis-point ECB hike are tightening funding conditions and restraining leverage, while SEC rulemaking and progress on regulated stablecoins are improving compliance clarity alongside tougher enforcement. The Fear and Greed Index showed 6.00% annual percentile 73, total crypto market capitalization stood at $2.60 trillion, trading volume was $83.31 billion, the Altcoin Season Index was 16.67% at quarterly percentile 25 / 100, and total futures market open interest was 2.33B, comprising 466.20B in futures and 18.31% in perpetuals. U.S. Factory Orders and the Fed Beige Book are the main same-day macro catalysts for rate-path pricing. No verified same-day token-unlock event was confirmed because CoinMarketCap token-unlock pages were inaccessible through static crawling. Regulatory developments included proposed SEC blockchain securities rules, a reserve-backed stablecoin plan advanced by 21 financial institutions under the GENIUS Act and MiCA, a $95 million crypto-tracking contract awarded by DHS to TRM Labs, and UK action involving Sorare-linked funds and unlicensed gambling charges. Large on-chain movements included 23,408 ETH worth $57.26 million sent to Beacon Depositor, 44.19 million ENA worth $6.82 million withdrawn from Coinbase and fully staked in Ethena's Ethereum contract, and a PONS investor's sale of 7.99 million tokens for 135,000 USDG at a $308,000 loss. The listed economic calendar covers U.S. Factory Orders and the Fed Beige Book on Sep 2 (Wed), Initial Jobless Claims and ISM Services PMI on Sep 3 (Thu), and August payrolls and the Unemployment Rate on Sep 4 (Fri).