The US Securities and Exchange Commission sues two private equity funds for fraud and misappropriation of funds

The overall PCE price index for August in the United States increased by 0.3% month on month and 3.4% year-on-year; The core PCE price index increased by 0.2% month on month and 3.0% year-on-year, which is lower than market expectations. Brendan Ma, head of investment strategy at the Arbitrarum Foundation, stated that a 0.2% month on month increase in core PCE is a positive signal for the Federal Reserve. If the September CPI data continues a similar trend, the pressure for the Fed to raise interest rates in October will ease. (Source: The Block)

Solana Company ($HSDT) has priced its $15 million warrant stock issuance at a 5% premium to its net asset value. The company holds 2.3 million SOLs worth approximately $273.5 million and plans to use the proceeds from the fundraising to increase its holdings of SOLs or repurchase the company's stock. (Source: The Block)

Coinbase CEO Brian Armstrong stated that fear of hypothetical risks and heavy regulation are one of the biggest threats to innovation, and encouraged developers to continue advancing their work.

Robinhood CEO Vlad Tenev has announced plans to increase the number of stock tokens from 200 to thousands and is advancing the private equity token business.

The US Commodity Futures Trading Commission (CFTC) has received a court ruling in the Fundsz fraud case, with defendants Brian Early and Alisha Ann Kingrey being fined over $30 million. The United States District Court for the Central District of Florida found that the two individuals, as members of the Fundsz board of directors and Telegram group administrators, made false statements about the platform's expected returns, historical trading performance, and investment risks, and claimed that user funds could earn interest income through proprietary algorithm trading. (Source: The Block)