Bitcoin could face seasonal downside pressure in September, a period that has often been weak for both U.S. stocks and bitcoin, CoinPost cited Japan-based research firm XWIN Japan as saying. XWIN Japan noted the S&P 500 has averaged a -0.8 percent return in September over the past 50 years, while bitcoin posted negative September returns for six straight years from 2017 to 2022. It said marketwide risk sentiment, U.S. long-term yields, expectations for Federal Reserve rate cuts, and spot bitcoin ETF flows and demand are key variables.

South Korea's Broadcasting Media Telecommunications Commission imposed a three-month cut to the approval validity period for YTN and Yonhap News TV for failing to form a CEO recommendation committee required under the Broadcasting Act. The commission ordered both broadcasters to rectify the violations by Oct. 10. It said earlier corrective orders issued in May were not met by the July deadline and noted the violations have persisted for about a year since the law took effect.