The call for lifting sanctions may signal a thaw in U.S.-China relations, potentially impacting future diplomatic and economic engagements.

The post China urges US to lift sanctions on Chinese firms linked to Iran appeared first on Crypto Briefing.

The strategic gold relocation may signal increased global financial uncertainty, potentially influencing other central banks and gold markets.

The post Dutch central bank shifts 86 tonnes of gold to London for crisis readiness appeared first on Crypto Briefing.

The attack on Ukrainian vessels could further destabilize regional trade and military logistics, complicating peace efforts and strategic advances.

The post Russian forces hit two Ukrainian cargo vessels in Black Sea: Interfax appeared first on Crypto Briefing.

Europe's low gas reserves could intensify global energy competition, potentially driving up crude oil prices and impacting market dynamics.

The post Europe’s low gas reserves may escalate global energy supply competition appeared first on Crypto Briefing.

Bitcoin's dominance in institutional investment grows, highlighting a shift in market confidence and potential challenges for altcoin adoption.

The post Bitcoin spot ETFs see $101M inflows as ETH, SOL, and XRP face outflows appeared first on Crypto Briefing.

Bitcoin Magazine

‘Crypto Capital of the World’: SEC Chair Expects Clarity Act to Pass This Month

Wall Street’s top regulator has said that he expects the long-awaited Clarity Act will get passed this month and the U.S. will be on track to be the “crypto capital of the world.” 

Speaking to Fox Business on Tuesday, Securities and Exchange Chairman Paul Atkins confirmed that the regulator was pushing ahead with rules to help the crypto industry. 

Pro-crypto lawmakers had hoped to pass the Clarity Act before Congress broke for August recess, but the vote slipped to September. The bill will establish a framework for distinguishing between digital assets that are securities, commodities or stablecoins. 

“The Clarity Act will be voted on in the Senate on the 15th of September,” Atkins said. “I anticipate and hope that it will be passed by the Senate and sent ultimately to the President’s desk for a signature.”

He added: “We’re changing the past approaches to try to update [rules], modernize them in the age of blockchain and crypto assets.”

Despite a vote on the Clarity Act being delayed, regulators like the SEC and Commodity Futures Trading Commission have said they will still proceed with trying to shape crypto policy. 

Last week, the SEC sent a proposal to the White House aiming to “clarify the framework for the custody of crypto assets” for investment advisers and companies. 

Despite being passed by the House of Representatives last year, the Clarity Act has been in a deadlock for most of this year after the banking lobby clashed with lawmakers and crypto businesses over whether platforms like Coinbase should be able to pay customers yield. 

Some lawmakers have sought to change wording in the bill regarding ethics, and a new bill started circulating in July. The draft bans government officials from promoting and making money from crypto. 

But other Democratic lawmakers said it still fell short; a number of pro-crypto Republicans accused Democrats of deliberately playing politics and delaying the bill. 

This post ‘Crypto Capital of the World’: SEC Chair Expects Clarity Act to Pass This Month first appeared on Bitcoin Magazine and is written by Mathew Di Salvo.

Bitcoin Magazine

Mexican Billionaire Ricardo Salinas Tells People To Escape Fiat Inflation With Bitcoin

Mexican billionaire Ricardo Salinas is at it again. 

This time, the third richest man in Mexico told his followers that “fiat inflation is a hidden tax,” and the way to hedge against it was to buy bitcoin. 

Salinas, the former chairman of home appliance and electronics retailer Grupo Elektra and Banco Azteca founder, told his followers to opt out and start protecting their savings. 

“Bitcoin changes one fundamental rule: no one can print more just because they want to,” Salinas said in a video on X on Monday. 

“While you have to work to earn more money, the system can simply create more of it. Don’t be fooled: learn, protect your savings, and defend your freedom, buy bitcoin and hold it.” 

It’s not the first time Salinas has told his followers to be aware of government monetary policy. 

The billionaire posts on X almost daily to millions of followers, and criticizing central bank money creation is one of his recurring themes, appearing in tweets, interviews, conference keynotes, and video messages. 

In recent years, the entrepreneur has stepped up his criticisms of governments — and his praises of bitcoin. Earlier this year admitted he had increased his allocation in the asset from 10% to 70% of his portfolio. 

Salinas’ bitcoin enthusiasm all stems from central bank monetary policy. Speaking at Bitcoin 2022, Salinas described traditional money as “the fiat fraud.”

“What they are doing is printing money out of thin air, and then making fake purchases,” he said of the Federal Reserve. 

The business magnate has also talked about his success in “orange pilling” his friends and family. 

“I convinced my wife to mortgage the house that she has and take a loan to buy bitcoin,” he once boasted in an interview. 

This post Mexican Billionaire Ricardo Salinas Tells People To Escape Fiat Inflation With Bitcoin first appeared on Bitcoin Magazine and is written by Mathew Di Salvo.

Bitcoin Magazine

When the Banks Don’t Work, Bitcoin Does: Cornell University’s Adoption Index

A lot of people have heard of Bitcoin but even among those who hold it, knowledge is shallow. 

Though for those holding the leading cryptocurrency, it appears to be solving a problem: getting around failing banking rails or inflation. 

That’s according to new findings from the U.S. Ivy League research university Cornell, which spoke to nearly 26,000 around the globe about Bitcoin. 

In its new Bitcoin Adoption Index report, the top college found that El Salvador, Venezuela and Nigeria were the countries that had the highest number of people who had ever owned bitcoin. 

“Ranked by the share of all respondents who have ever owned bitcoin, the leaders are not wealthy financial centers — they are economies where the national currency has been unstable and everyday access to dollars or reliable banking is hard,” the report read.  

“In each, bitcoin functions less as a speculative bet and more as a practical workaround.” 

Still, Cornell found that actually being able to explain the fundamentals of the protocol was difficult for most — including how many bitcoins would ever be minted in existence. In fact, 58% of those surveyed said they didn’t know the supply was capped at 21 million coins. 

But technicalities aside, the cryptocurrency has still proved helpful to people wanting to use it, the report found. 

One Venezuelan — who wasn’t named — told interviewers that Bitcoin was “faster, cleaner, and much less risky” than other methods of getting dollars in the country. 

While another Salvadoran was quoted saying: “When nobody controls [bitcoin], it means we all have control of it.”

And a Nigerian interviewee reportedly told Cornell researchers: “I’ve been to six African countries and whenever I go there, I don’t fear it because I know I can spend my bitcoin.”

Bitcoin adoption started growing in Venezuela ahead of other countries years ago, when hyperinflation crippled the economy and strict government currency controls meant getting dollars became difficult. 

El Salvador made bitcoin legal tender — along with the dollar — in 2021. The country’s leader admitted that getting its citizens to use the cryptocurrency was difficult but the Central American nation still says it buys the asset for its government coffers. 

In Nigeria, which has had some of the highest transaction volumes in the world, saving in bitcoin has been used by some to get around the collapse of the naira.

Cornell University’s research was fielded by Morning Consult in partnership with the Tech Policy Institute in Cornell University’s Jeb E. Brooks School of Public Policy, the Cornell Bitcoin Club, the Human Rights Foundation and the Reynolds Foundation.

Researchers interviewed 25,880 people in 25 countries between December 16, 2024 to March 10, 2025, asking 125 individual questions. 

This post When the Banks Don’t Work, Bitcoin Does: Cornell University’s Adoption Index first appeared on Bitcoin Magazine and is written by Mathew Di Salvo.

Bitcoin Magazine

Capital B Raises €7.6M From Adam Back to Fund Another Bitcoin Buy

Top bitcoiner Adam Back has invested €7.6 million ($8.8 million) in Capital B, the Euronext Growth-listed company that bills itself as Europe’s first bitcoin treasury company. 

The company said Wednesday that the investment will be used to buy more bitcoin. Adam Back is the CEO of bitcoin infrastructure company Blockstream, and one of the biggest and well-known figures in the space 

Capital B’s announcement comes after the company last week said it had raised €21 million ($24 million) in a private placement backed by Blockstream’s Adam Back and asset manager TOBAM.

“The proceeds of the Private Placement will be used primarily to strengthen Capital B’s balance sheet through the accumulation of bitcoin as a long-term reserve asset,” the company said in a statement. 

“This capital increase is a key step in implementing the company’s Bitcoin Treasury Company strategy, focused on increasing the number of bitcoin per share on a fully diluted basis over time.”

It added that the placement would fund it buying 376 additional bitcoins, taking its potential holdings to 3,521 coins from its current stash of 3,145.

Capital B is the 26th biggest publicly traded bitcoin treasury in the world, according to Bitcoin Treasuries, with a total of 3,145 bitcoins in its coffers — worth $242 million at today’s bitcoin price of $76,959. 

Capital B built much of that position through fundraising rounds during the first half of 2026. 

In May, it acquired 192 coins for €13 million after completing three capital raises.

Capital B’s is trying to build a bigger bitcoin position as other treasuries look to raise funds and accelerate their buys. 

NYSE-listed AI-powered education company Genius Group last week said it was aiming to build parallel AI and bitcoin treasuries worth a combined $1.6 billion, after the company sold its entire bitcoin reserves to repay $8.5 million in debt. 

The Bitcoin treasury model has taken a hit since last year when the price of the leading cryptocurrency took a hit. 

A number of companies in the space have had to liquidate their holdings — including the biggest corporate holder of bitcoin, Nasdaq-listed Strategy.

This post Capital B Raises €7.6M From Adam Back to Fund Another Bitcoin Buy first appeared on Bitcoin Magazine and is written by Mathew Di Salvo.

Bitcoin Magazine

The Quantum Issue: Letter From The Editor

Quantum this, quantum that…who put a stupid cat on-chain!?

Ahem. 

Alright, let’s be serious. The threat that a viable, actually functioning, quantum computer would pose to Bitcoin if it were to be built is very serious. It is the concrete example of an existential threat, in every sense of the word. 

One of the bedrock foundations that Bitcoin rests upon is the assumption of a functioning cryptographic system that can be used to produce unforgeable signatures, i.e. that if you follow that system’s protocol properly when signing things, there is no way that anyone but a bitcoin’s rightful owner could produce a signature needed to spend it unless the rightful owner failed to secure their private key from theft. 

Quantum computers toss that right out the window. There goes the integrity of the entire mechanism that is used for owners of bitcoin to authenticate their ownership for the protocol to process their legitimately authorized transactions, and ONLY their legitimately authorized transactions. There’s no way for anyone to actually own anything in the context of the Bitcoin protocol if that assumption breaks. 

Bitcoin breaks if that assumption breaks. 

Thankfully, there are many different cryptographic systems that exist, and not all of them rest on assumptions that a quantum computer breaks. That’s the good news. The bad news is that its all a set of tradeoffs, none of them are ideal, and there are going to be some hard choices that have to be made. 

But there are solutions to just about every one of the problems that a viable quantum computer would create…except the problem of choosing which solutions to use. So in light of that, here is The Quantum Issue. 

This issue is a lot more structured than most past issues, and that is to ensure that it guides a reader through the entirety of the problem space and solution space without assuming any prior understanding (this is a very deep and technical subject). 

The first set of articles goes through the general issue of quantum computing itself, how it differs from classical computing, why that matters, how likely it is one is developed soon, etc.

The second set examines Bitcoin’s exposure. How is it exposed? How badly is it exposed? How can that degree of exposure change? 

The third set examines concrete (or developed enough to not be too hard to get to a concrete place) solutions to securing your bitcoin in a quantum safe way, and handling a network wide migration to those solutions. 

Don’t miss your chance to own The Quantum Issue — featuring articles written by many influential figures in the space working on the necessary pieces for a post-quantum Bitcoin!

This piece is the Letter from the Editor featured in the latest Print edition of Bitcoin Magazine, The Quantum Issue. We’re sharing it here as an early look at the ideas explored throughout the full issue.

This post The Quantum Issue: Letter From The Editor first appeared on Bitcoin Magazine and is written by Shinobi.

Ontology said its mainnet resumed normal operation on Sept. 2 after an emergency security pause and told every sync-node operator to upgrade to version 3.1.5. Sync nodes are infrastructure that keep their copy of the blockchain synchronized with the network.

The restoration notice says the new software is required to maintain compatibility with the restored chain and ensure stable synchronization. Ontology told operators to upgrade as soon as possible, confirm that their nodes are fully synchronized, and verify normal operation afterward.

Older software therefore carries a compatibility and synchronization risk, although the notice does not say that every unupgraded node has already failed.

The restoration followed a pause that began Aug. 31. Ontology initially described the trigger as a potential security concern found during a daily security check and suspended block production, leaving on-chain transactions unprocessed.

A Sept. 1 update escalated that description, saying the team had identified malicious attack activity targeting the network while remediation, testing, and a network upgrade were underway.

During the pause, Ontology told users not to attempt time-sensitive on-chain transactions and said they did not need to move ONT, ONG, or other assets because of the announcement. It said block production would not restart until the network had been assessed and deemed safe to operate.

Ontology also said its investigation found that the activity did not involve or compromise user assets. That remains the network's assessment because it has not published an independent forensic report.

The code offers clues, not an attack explanation

The v3.1.5 release provides a Linux AMD64 binary and checksum but no incident explanation. The tagged code change disables registrations for several legacy native contracts at mainnet block 20,770,894, one block after the 20,770,893 height observed during the halt. Its parent commit changes cross-chain message deserialization.

The public code shows the shape of the emergency software change, but Ontology has not linked either commit to a specific attack path. Its notices do not identify the vulnerability or attacker method, explicitly name the affected component, or provide forensic evidence or a postmortem.

The restoration announcement confirms the mainnet's return, not a service-by-service recovery across the wider ecosystem. It does not establish whether public RPC providers, exchange deposits and withdrawals, wallets or dapps have all resumed normal operation.

The malicious-activity confirmation had already moved the incident beyond the initial pause, as CryptoSlate reported in a Sept. 1 examination of network shutdowns.

Ontology said monitoring will continue with technical and security partners. For now, v3.1.5 tells operators what they must do, while the reason for the emergency change remains undisclosed.

The post Ontology forces urgent node upgrade after restarting chain hit by malicious activity appeared first on CryptoSlate.

Thailand’s Securities and Exchange Commission has issued a Travel Rule that will require supervised crypto platforms to collect and transmit information identifying the people or entities behind coin transfers.

The regulator announced the rule on Sept. 2, and an associated notification is dated Aug. 25. It takes effect Feb. 27, 2027, after a 180-day implementation period from publication in the Royal Gazette.

The lead time lets operators prepare systems for exchanging transfer data, checking transactions, and requesting required information from customers, according to the SEC’s customer-facing Q&A.

How crypto transfers will change

SEC-supervised digital-asset operators must collect information on customers and their counterparties when coins are transferred. They must also check counterparties and verify the qualifications of digital-asset service providers or intermediaries in the transfer route.

An operator sending a transfer instruction must pass originator and beneficiary information to the operator receiving it. Transfer-related records must be kept for at least five years.

Customers will face different information requests based on transfer size. When sending coins from a wallet held with a regulated platform, a customer must identify the recipient even when the transfer is no more than 30,000 baht.

For transfers over 30,000 baht, the customer must also provide the recipient’s province or city and country. If the recipient is a legal entity, the customer must also provide its registration number. Smaller transfers require basic recipient identification, while larger ones require additional location or entity details.

On incoming transfers between regulated operators, the recipient’s platform must collect information from the sender’s operator before allowing the recipient to move the coins out of the wallet.

The process becomes more specific when coins arrive at a regulated-platform wallet from a self-hosted wallet. The platform must collect sender information as it would for another transfer. If the transaction exceeds 30,000 baht, it must also verify that the user owns or controls the wallet by confirming the person can control or access it.

The obligation falls on supervised operators when a transfer touches their services, and the Q&A does not state that every coin transfer requires proof of wallet ownership.

The rule also stops short of extending the new data checks across all platform activity. It does not apply to trades on an operator’s order book or to transfers and withdrawals of Thai baht because it governs coin transfers.

The SEC said most transfers should continue through normal processes when customers provide complete information and platforms are ready. High-value transfers, cases with missing data, or transactions requiring added wallet checks may take longer.

The post Thailand puts private wallets and offshore crypto transfers on notice in a major new crypto rule appeared first on CryptoSlate.

Coinbase co-founder Fred Ehrsam's separate Venezuela investment firm, Primavera, is reportedly pursuing three oil assets as the country reallocates energy projects under a US-backed restructuring.

Reuters reported on Sept. 2 that Primavera was among companies expected to sign Venezuelan energy agreements as soon as that day. Bloomberg reported on Sept. 1 that Ehrsam was seeking control of at least three fields operated by Alvorada Heavy Industries in the Boca, Guico and Guara blocks of the Orinoco Belt.

Bloomberg attributed the block-level details to unnamed people familiar with nonpublic talks, while Reuters did not identify the fields.

Coinbase co-founder's crypto fortune targets Venezuela

Neither Coinbase nor Paradigm has been identified as a bidder or participant, and no blockchain, cryptocurrency, or digital payments component has been established for the reported transaction.

Ehrsam nevertheless retains close ties to the crypto industry. Coinbase's 2026 proxy filing lists him as a director, while Paradigm describes him as a co-founder and senior advisor. The distinction makes this a story about crypto-derived personal capital entering a state-mediated commodity business.

Banco de Venezuela said it hosted Ehrsam at a digital-finance event in Caracas on May 13, where he discussed opportunities involving cryptocurrencies and the country's financial sector.

The talks are unfolding during a wider reallocation of Venezuelan energy assets. On Aug. 31, a White House fact sheet said interim Venezuelan authorities had granted North American Blue Energy Partners 100-year concessions covering 17 fields.

The arrangement includes a 35% US government equity stake, preferential purchase rights over production and veto power over board appointments.

The authority behind those long-term rights is already contested. The Associated Press reported that analysts questioned whether acting President Delcy Rodríguez could grant 100-year oil-field rights and noted that the National Assembly had not approved the wider arrangement.

Primavera's reported pursuit shows how capital built in crypto can move into politically allocated hard assets. An executed agreement, including the assets and terms it covers, would determine whether that pursuit becomes operational control.

Until then, Boca, Guico, and Guara remain reported targets under negotiation.

The post Coinbase co-founder joins rush for Venezuelan oil assets under new US-backed framework appeared first on CryptoSlate.

Circle president Heath Tarbert told Congress on Sept. 2 that placing digital-dollar infrastructure under US rules could reinforce the network effects that support the currency’s global role. The testimony framed stablecoin and digital asset legislation as a tool of dollar statecraft.

US rules can strengthen private dollar-token rails, while official reserve share remains a separate contest. Regulated stablecoins can spread private use of dollar-denominated tokens, change how issuers hold reserves, and add demand for short-term Treasuries.

Central banks remain responsible for deciding which currencies they hold. Tarbert acknowledged the boundary, arguing that payment technology cannot substitute for sound economic policy and that digital infrastructure cannot preserve dollar primacy on its own.

The dollar accounted for 57.13% of allocated global foreign exchange reserves in the first quarter of 2026, up from 56.42% in the fourth quarter of 2025, according to the International Monetary Fund’s latest COFER brief. Exchange-rate valuation effects accounted for around half of that quarterly increase.

The latest move was an increase, even against a longer-term decline in the dollar’s official reserve share. The valuation adjustment also prevents crediting the change to stablecoin adoption. A central bank’s reported reserve mix can shift when exchange rates move, even without an equivalent portfolio decision.

COFER tracks reserve assets reported by monetary authorities, and stablecoin market capitalization measures liabilities issued by private companies to token holders.

The Bank for International Settlements estimated that roughly 98% of stablecoin value is denominated in dollars. That shows the dollar’s dominance in private token markets.

BIS researchers nevertheless expect the near-term effects to appear mainly in private stores of value and means of payment, rather than in the official reserve, intervention or anchor-currency functions of central banks.

Stablecoins can consequently expand the dollar’s digital reach while fiscal credibility, institutions, market depth, and valuation forces continue to shape official reserve demand. This distinction separates consumers and businesses choosing a digital payment instrument from monetary authorities choosing a reserve portfolio.

What regulated stablecoins can change

The GENIUS Act issuer framework requires one-to-one permitted reserves, redemption at par, disclosures, supervision, and financial-crime compliance.

Those rules can improve reserve quality, influence where issuers locate, shape whether unlicensed issuers can offer stablecoins in the US, and steer more issuer assets toward short-term safe instruments.

GENIUS was enacted in July 2025, but its main requirements were not yet generally effective on the date of Tarbert’s testimony. Treasury’s August rulemaking notice said the general effective date was expected to be Jan. 18, 2027, unless final implementing rules made the law effective 120 days after their issuance.

A broader restriction on offering payment stablecoins from unlicensed issuers is scheduled to begin July 18, 2028.

Once it takes effect, the framework can govern backing, redemption, and supervision, leaving central bank currency allocations outside.

CLARITY addresses the trading and intermediary layer above stablecoins. The House passed the measure, the Senate Banking Committee advanced its portion 15-9, and the updated merged Senate text was released July 22.

The proposal’s principal function is to allocate jurisdiction between the Securities and Exchange Commission and the Commodity Futures Trading Commission and set rules for digital-asset intermediaries and markets.

If enacted, those rules could make US digital asset markets easier to operate in and extend the reach of regulated dollar tokens. Its effect would run through market structure rather than official reserve allocation.

Stablecoin issuers need liquid assets to support redemptions, and Treasury bills can satisfy that need. A Treasury Borrowing Advisory Committee analysis, using major-issuer data through September 2025, found that bills represented 53% of Tether and Circle assets. Their bill holdings had increased by $70 billion since 2022.

Even after that growth, stablecoin issuers held less than 1% of Treasuries outstanding. Their demand can affect the bill market at the margin, while broader demand for Treasury debt and official dollar reserves responds to other forces.

The Federal Reserve staff estimated stablecoin market capitalization at $317 billion on April 6, 2026, more than 50% above its level in early 2025. The date is essential because market capitalization moves continuously, and the figure should not be placed beside official reserves as if the series were equivalent.

The Fed analysis found USDC had high-quality reserves equal to its stablecoin liabilities. USDT reported total reserves at about 1.04 times liabilities, but higher-quality reserves at roughly 0.74 times liabilities.

Regulation can narrow those differences and make redemption promises more credible, a concrete way GENIUS could strengthen private dollar infrastructure.

Fed staff warned that complex intermediation, vertical integration and deeper links to traditional finance can increase opacity and contagion, amplifying operational or liquidity failures. Those dependencies can transmit problems further as adoption grows.

BIS researchers warn that broad adoption of dollar stablecoins could accelerate private currency substitution, weaken domestic monetary-policy traction and capital controls, and redirect emerging markets' savings toward US Treasury bills. A run on a major issuer could then transmit stress into local financial systems and short-term dollar markets.

Migration from bank deposits toward stablecoins can also shift funding and intermediation outside familiar channels, even when issuer reserves ultimately flow back into government securities.

Tarbert’s case is strongest on these private rails. US rules can help determine whether dollar stablecoins grow within a supervised system, what backs them, and which markets they connect.  Greater reach also enlarges the channels through which runs, operational failures and currency substitution can spread.

The IMF’s 57.13% figure records the separate decisions of official reserve managers, whose allocations respond to economic credibility, liquid market depth, institutions, policy, and valuation effects.

Stablecoins can extend the dollar’s private reach and create demand for its shortest-dated government debt. Official reserve share still turns on the policies that sustain confidence in the dollar itself.

The post How stablecoins are quietly becoming the Fed’s debt buyer of last resort appeared first on CryptoSlate.

Silicon Network is shutting down with nearly $10 million still on-chain, giving users until year-end to exit.

The Ethereum layer 2 stopped accepting new bridge deposits and ended its network on Sept. 2, starting a withdrawal period that runs through Dec. 31.

Silicon said its explorer and network will shut down afterward, leaving assets that remain on the chain unrecoverable.

It stated:

“This network is a non-custodial service, meaning that the custody and withdrawal of assets are managed directly by each user. Once the service has been terminated, assets that have not been withdrawn cannot be recovered.”

The closure unwinds a network that had sought to connect Korean centralized-exchange users with Ethereum’s onchain economy. Silicon was built with Polygon CDK, connected to Agglayer and closely integrated with Korbit, one of South Korea’s major crypto exchanges.

Korbit’s Web3 Wallet, which ran on Silicon and was designed to give exchange customers access to DeFi and decentralized applications, is also being discontinued less than two years after launch.

Nearly $10 million now has to find an exit

The imminent shutdown now turns from a network decision into an asset-recovery problem, with different tokens facing very different paths off Silicon.

Data from L2Beat showed Silicon held about $9.75 million in assets, led by $2.66 million of USDC, $2.54 million of WBTC, $2.08 million of ETH and $1.85 million of USDT.

How easily that money can leave now depends on what users hold.

The network stated that assets originally bridged from Ethereum can return to the mainnet during the withdrawal window. External-wallet users must initiate a withdrawal, keep enough ETH for gas, and complete the required finalization before the cutoff.

Tokens issued directly on Silicon face a harder route. They cannot be bridged directly to Ethereum and instead depend on liquidity remaining inside the network, which Silicon warns could make swaps or withdrawals difficult or impossible as activity winds down.

The network describes itself as non-custodial and says it has no obligation to redeem assets that users fail to move. It explained:

“Whether and how to handle these tokens is a decision to be made at the user's own discretion and responsibility. Once the network has been fully terminated, recovery will not be possible.”

Silicon’s exit comes as Ethereum’s scaling market becomes increasingly concentrated around its largest networks.

Coinbase-backed Base and Arbitrum now secure about $24.7 billion between them, more than 80% of the roughly $30.5 billion held across Ethereum networks tracked by L2Beat.

Earlier in the year, Ethereum co-founder Vitalik Buterin has also argued that the original vision of layer 2 networks simply acting as Ethereum’s “branded shards” no longer fits as the base layer scales and L2s develop at different speeds. He has urged networks to offer value beyond cheaper execution.

Silicon has not attributed its shutdown to those broader pressures. Its closure nevertheless shows what consolidation can mean at the smaller end of Ethereum’s scaling market: users must unwind bridges and find liquidity before the chain itself disappears.

The post Nearly $10 million must escape a dying Ethereum L2 network before New Year’s Eve or risk becoming unrecoverable appeared first on CryptoSlate.

After Claude models accessed real systems during cyber tests, Anthropic tightened its safeguards and warned that flawed training can encourage dangerous behavior.

Afterquery's valuation jumped more than tenfold in five months, making it Y Combinator's fastest unicorn ever.

Agents seized digital assets, domains, and servers allegedly used by Hamas’ military wing to collect donations and recruit supporters.

The Japanese company booked a ¥117.8 million profit after selling its ETH, SOL, XRP and DOGE, leaving roughly 1,506 BTC as its only cryptocurrency holding.

Emil Michael's latest financial filings show a summer exit from Perplexity, months after a January sale of xAI stock that reportedly netted him up to $24 million.

XRP drew more questions than any other cryptocurrency during a presentation to about 400 wealth managers, according to Bitwise research analyst Ryan Rasmussen.

The market is not yet ready for a rally continuation, but the accumulation on the bullish side is reassuring.

The Bank for International Settlements just tested the XRP Ledger as a way to verify official economic statistics.

Tether’s USDT ecosystem is expanding to Stellar, giving users access to more than $180 billion in stablecoin liquidity through USDT0.

Trading activity on the XRP Ledger surged in the second quarter, with average daily order-book volume rising 79% from a year earlier even as the number of accounts executing trades fell.

Key Highlights

• Hyperscale Data terminated all cryptocurrency mining operations at its Michigan location on September 1 to accommodate an AI infrastructure client.
• The company secured a 10-year agreement with a neocloud provider based in California for 20 MW of capacity, valued at more than $1.2 billion with potential expansion to exceed $3 billion.
• Shares of GPUS plummeted approximately 17% to finish at $0.1984, marking a new split-adjusted record low.
• Over the last five weeks, Hyperscale liquidated 830 BTC, generating around $53 million to finance the Michigan facility transformation.
• The firm’s Bitcoin reserves have plunged 79% since late July, currently holding roughly 215 BTC valued at about $16.7 million.

Shares of Hyperscale Data (GPUS) concluded Wednesday’s trading session at $0.1984, representing a decline of roughly 17% and hitting an intraday bottom of $0.1932. This closing figure establishes a new all-time low on a split-adjusted basis for the NYSE American-traded equity.

Hyperscale Data, Inc., GPUS

The sharp decline followed the company’s announcement that it had deactivated all Bitcoin mining hardware at its Michigan data center on September 1. This operational shift occurred after a facility evaluation conducted by an undisclosed California-based neocloud services provider, which subsequently entered into a master services agreement with Hyperscale.

The arrangement encompasses 20 MW of computational infrastructure under a decade-long commitment, featuring two additional five-year renewal options. According to Hyperscale’s projections, the partnership could produce revenue exceeding $1.2 billion if both extension periods are activated, spanning a total of 20 years.

Additionally, the contract includes provisions for a 32 MW capacity expansion. Should this option be utilized, combined potential revenues could surpass $3 billion. To provide perspective, Hyperscale is targeting 340 MW of aggregate power capacity at the Michigan location, indicating that even maximum contracted and optional deployment would consume approximately 20% of available resources.

The company indicated its intention to divest the Bitcoin mining hardware that was previously deployed at the Michigan facility.

Bitcoin Treasury Liquidation Finances Infrastructure Overhaul

Hyperscale has substantially relied on its cryptocurrency reserves to capitalize the Michigan facility transformation. Throughout the preceding five-week period, the firm disposed of 830 BTC, realizing approximately $53 million in proceeds.

During the week concluding August 30, Hyperscale liquidated approximately 65 BTC for $5.1 million. Management stated these funds are being allocated toward supplementary capital requirements for the Michigan project development.

Current Bitcoin holdings total around 215 BTC, representing approximately $16.7 million in value based on BitcoinTreasuries.NET data. This reflects a 79% reduction from the roughly 1,006 BTC position maintained on July 30, placing the company at 84th position among publicly monitored corporate Bitcoin holders on the tracking platform.

The stock has experienced a decline exceeding 76% during 2026 year-to-date. This downturn occurred following Hyperscale’s implementation of a one-for-five reverse stock split, with split-adjusted trading commencing on August 25.

Montana Mining Operations Remain Active

While discontinuing Michigan cryptocurrency operations, Hyperscale has maintained its presence in Bitcoin mining. The organization continues to operate approximately 10 MW of mining infrastructure at a Montana-based facility.

In June, the company disclosed it was evaluating a 125 MW expansion opportunity at the Montana location.

Hyperscale emphasized that Michigan expansion projections remain subject to various contingencies. The $1.2 billion revenue projection presumes the client exercises both contract extension options, while the $3 billion estimate additionally depends on the customer’s commitment to expanded capacity.

According to BitcoinTreasuries.NET, the company’s current digital asset position consists of 215 BTC with an approximate market value of $16.7 million.

The post Hyperscale Data (GPUS) Shares Plunge 17% After Pivoting From Bitcoin to AI Infrastructure appeared first on Blockonomi.

Key Takeaways

• SUI currently trades near $0.7246, posting a 0.33% daily gain with total market capitalization at $2.97 billion
• The token faces critical resistance at a descending trendline near $0.74, where selling pressure appears to be weakening
• Breaking decisively above $0.7641 could establish a pathway toward $0.9564, followed by the key $1.00 psychological barrier
• Over the previous 24-hour period, long position liquidations totaled $525,940 compared to only $75,160 in short liquidations
• Market analyst Ali Charts identifies a TD Sequential buy signal appearing on the daily timeframe, suggesting a possible 1–4 candle reversal pattern

The Sui (SUI) token is currently changing hands at roughly $0.7246, reflecting a modest 0.33% increase for the trading session based on CoinGlass metrics. With 4.09 billion SUI tokens in circulation from a maximum supply of 10 billion, the cryptocurrency maintains a market valuation of $2.97 billion.

Derivatives trading volume reached $607.97 million during the past day, while spot market volume registered $104.45 million and total open interest stands at $581.34 million. These figures indicate substantial trading activity at current price levels, despite SUI’s prolonged consolidation beneath overhead resistance.

Traders should focus attention on the $0.7641 threshold. A sustained 4-hour candle closure above this mark on Binance would validate a breakthrough of the downward-sloping trendline that has constrained upward movement for several weeks.

Should this breakout materialize, the subsequent resistance zone emerges at $0.9564, with the psychologically significant $1.0000 level following as the next major hurdle that typically draws heightened trader interest.

Conversely, a definitive close beneath $0.6510 would activate downside targets near $0.5670.

Liquidation Metrics Reveal Long-Side Dominance

Recent liquidation statistics from CoinGlass demonstrate that bullish positions absorbed the majority of losses. Over the preceding 24 hours, long liquidations reached $525,940 versus merely $75,160 in short liquidations, reflecting a substantial imbalance that indicates leveraged bulls have already faced significant losses attempting premature bottom calls.

Examining the most recent 4-hour window reveals a modest shift in dynamics, with $11,050 in short liquidations outpacing $3,780 in long liquidations, suggesting that bearish traders positioned near resistance levels are beginning to experience pressure.

On the Binance platform, elite traders maintain a pronounced 72.5% long bias, translating to a 2.63 long-to-short ratio. Retail market participants display similar sentiment at 66.9% long positioning. The taker buy-to-sell ratio registers at 1.22, indicating persistent buying activity entering the marketplace.

Despite this bullish positioning, SUI has struggled to establish a decisive close above the $0.74 threshold.

Technical Analysis Shows Consolidation Pattern

The MACD histogram on the daily chart currently hovers around zero, signaling neutral momentum conditions. Bulls and bears appear balanced at present price levels.

A Stochastic reading of 13.59 places SUI firmly within oversold territory, presenting one indication that an upward rebound may develop before additional downside materializes. Bollinger Band analysis reveals price action gravitating toward the lower boundary rather than the upper range.

Market analyst Ali Charts highlighted via social media that the TD Sequential indicator has generated a buy signal on the SUI daily chart. According to his assessment, this signal implies the recent pullback may be approaching conclusion, with potential for a 1–4 candle recovery or the initiation of a fresh bullish countdown sequence.

Spot trading volume on Binance measured $41.3 million in recent sessions, which market observers characterize as insufficient momentum for a significant breakout absent fresh catalysts.

The 200-day moving average currently resides at $0.85, representing a critical level that must be recaptured before any sustainable trend reversal can be validated.

The post Sui (SUI) Shows TD Sequential Buy Signal: Critical Resistance Zones Ahead appeared first on Blockonomi.

Key Takeaways

• On September 2, Farmmi shares skyrocketed by as much as 350%, momentarily reaching $0.50 after closing at $0.12 the previous session.
• The rally was sparked by JINQIAN, a memecoin inspired by Farmmi’s mushroom product line, which debuted on Robinhood Chain.
• The accompanying FAMI token was not a legitimate Robinhood stock token but rather created by an unidentified individual.
• During its height, the memecoin achieved an estimated value between $60-70 million, approximately 10x Farmmi’s real market capitalization.
• By market close, the stock had relinquished most of its gains, settling around $0.15, while the memecoin plummeted more than 90% from its zenith.

Farmmi (FAMI) experienced one of 2026’s most unusual trading sessions on September 2, despite the absence of earnings reports, corporate transactions, or official communications.

Farmmi, Inc., FAMI

Shares began trading near $0.12, matching Tuesday’s closing figure. However, by late morning, the price had climbed to $0.50, representing an approximately 350% increase.

The driving force? A cryptocurrency meme token.

JINQIAN, a newly launched token on Robinhood Chain, took its name from the “jinqian” or “money” mushroom variety that Farmmi markets. This token was matched with an onchain asset utilizing Farmmi’s FAMI stock symbol.

In roughly 60 minutes, the memecoin’s implied market value peaked between $60 million and $70 million, based on data from DexScreener and blockchain monitoring account Lookonchain. This valuation was approximately tenfold greater than Farmmi’s pre-rally market capitalization.

The speculative excitement subsequently spilled over into traditional equity markets.

The Token Lacked Official Authorization

The FAMI token associated with JINQIAN was not among Robinhood’s authorized stock tokens. An unidentified individual created it, and it possessed no legitimate backing.

In contrast to genuine Robinhood stock tokens representing corporations such as Nvidia or Micron, no mint-and-redemption system existed. Consequently, trading activity in the token had no actual connection to legitimate purchases of Farmmi’s Nasdaq-traded shares.

Farmmi released no communication linking the organization to the cryptocurrency. The stock’s ascent was driven entirely by speculative interest.

One participant profited substantially. Transparent blockchain data reveals an anonymous address invested approximately $19,000 into JINQIAN during its early stages, subsequently liquidating the entire holding about 60 minutes later for roughly $198,000, yielding a profit near $178,600.

Nearly all subsequent investors experienced losses. The token’s value collapsed over 90% from its peak in mere hours.

Trading Volume Revealed the Reality

Typically, Farmmi processes approximately 5 million shares daily. On September 2, over 720 million shares exchanged hands. This represents nearly 90 times the stock’s standard daily volume.

Farmmi operates as a small-scale Chinese agricultural products enterprise with merely 15 employees. Prior to Wednesday, its market capitalization stood at just several million dollars.

By late afternoon trading, the stock had surrendered the majority of its earlier advances. It concluded the session around $0.15, maintaining an approximate 27% gain for the day.

Currently, the JINQIAN memecoin is valued at roughly $0.0066, translating to a market capitalization near $6.6 million. This represents a dramatic decline from its transient $70 million peak achieved earlier during the trading session.

The post Farmmi (FAMI) Stock Rockets 350% Following Memecoin Launch on Robinhood Chain appeared first on Blockonomi.

Key Takeaways

• DOGE maintains position around $0.081, where approximately 30 billion tokens have historically traded
• Long liquidations on Binance are clustered between $0.077 and $0.079, with short liquidations stacked from $0.085 to $0.089
• Breaking through the $0.085–$0.089 resistance zone could trigger a rally toward $0.090
• Market forecasts show only a 4% probability of DOGE hitting $1 before January 2027
• Technical analyst Trader Tardigrade identified a bullish MACD crossover on the bi-weekly timeframe

Dogecoin continues to consolidate near the $0.081 mark, a technically significant zone according to blockchain analytics. The popular meme cryptocurrency has declined 27% since the start of the year and remains far below its historic peak of $0.74 reached in May 2021.

Data from Ali Charts’ UTXO Realized Price Distribution (URPD) analysis indicates that around 30 billion DOGE tokens have changed ownership at the current $0.081 price point. This concentration establishes it as a crucial cost-basis area for a significant portion of the holder base.

Maintaining support above this threshold keeps the recovery narrative alive. A breakdown beneath $0.081 would shift attention toward the $0.077–$0.079 demand zone.

Leverage Creates Two-Way Volatility Risk

Binance’s liquidation heatmap for the DOGE/USD pair reveals substantial leveraged exposure flanking current prices. Clusters of long position liquidations are positioned between $0.077 and $0.079, while short liquidation density builds from $0.085 through $0.089.

This configuration suggests volatility could expand rapidly in either direction. A decline toward the $0.077 area would trigger cascading long liquidations, potentially intensifying downside pressure. Conversely, a breakthrough above the $0.085–$0.089 band would force short covering, likely fueling upward momentum toward $0.090.

The URPD analysis also reveals denser supply accumulation near $0.177, though this level represents a medium-to-long-term resistance rather than an immediate objective.

Technical analyst Trader Tardigrade highlighted on X that Dogecoin’s bi-weekly MACD indicator has registered a bullish crossover — the first such signal after an extended bearish phase. He emphasized that crossovers on this extended timeframe are uncommon, and historically have preceded significant bullish trends.

Dollar Milestone Remains Highly Unlikely

While certain technical indicators offer encouragement, reaching $1 remains an extremely ambitious target. DOGE has never breached $0.74 throughout its existence. Climbing from the current $0.08 level to $1 would demand a price appreciation exceeding 1,150%.

Kalshi prediction markets currently assign only a 4% probability to DOGE reaching $1 by January 2027, rising slightly to 9% by June 2027. For context, Bitcoin faces similar 4% odds of touching $200,000 before year-end.

The launch of a Dogecoin ETF last year and speculation around potential Elon Musk-related integrations have been discussed as possible growth drivers. However, DOGE has yet to demonstrate sustainable momentum toward those elevated price targets.

Dogecoin is currently trading at approximately $0.0818, with immediate focus centered on the $0.085–$0.089 resistance cluster.

The post Dogecoin (DOGE) Flashes Rare MACD Bullish Signal on 2-Week Chart — Will It Hold? appeared first on Blockonomi.

Key Highlights

• All Bitcoin mining operations ceased at Hyperscale Data’s Michigan location effective September 1 to accommodate a new AI data center client.
• An undisclosed California neocloud company secured 20 MW capacity through a decade-long agreement valued over $1.2 billion, with expansion possibilities exceeding $3 billion.
• Shares of GPUS declined approximately 17% to settle at $0.1984, marking a post-split record low.
• Across five weeks, the firm liquidated 830 BTC, generating around $53 million earmarked for Michigan facility transformation.
• Digital asset reserves plummeted 79% from late July levels, currently holding roughly 215 BTC valued near $16.7 million.

Shares of Hyperscale Data (GPUS) concluded Wednesday’s session at $0.1984, representing a decline of roughly 17% while reaching an intraday bottom of $0.1932. This closing figure establishes a new split-adjusted all-time low for the NYSE American-traded equity.

Hyperscale Data, Inc., GPUS

The selloff materialized following the company’s announcement that it deactivated all cryptocurrency mining hardware at its Michigan location on September 1. This operational halt follows a facility assessment conducted by an unidentified California-based neocloud service provider, which subsequently executed a master services agreement with Hyperscale.

The arrangement encompasses 20 MW of computational infrastructure through a ten-year commitment, featuring two additional five-year renewal options. According to Hyperscale’s projections, the contract could yield revenues exceeding $1.2 billion across its maximum 20-year duration.

Additionally, a 32 MW expansion clause exists within the agreement. Should the client activate this provision, aggregate potential revenue could surpass $3 billion. To provide perspective, Hyperscale aims for 340 MW of overall electrical capacity at the Michigan property, indicating that even maximum contracted and optional utilization would consume approximately 20% of available resources.

Management disclosed intentions to divest the cryptocurrency mining hardware formerly deployed at the Michigan facility.

Bitcoin Treasury Liquidation Finances Transformation

Hyperscale has relied substantially on its digital currency reserves to finance the Michigan facility conversion. Throughout the preceding five-week period, the organization divested 830 BTC, yielding approximately $53 million in proceeds.

During the week concluding August 30 specifically, Hyperscale liquidated roughly 65 BTC for $5.1 million. Company officials stated these funds would support additional capital requirements for the Michigan development initiative.

Current Bitcoin reserves total approximately 215 BTC, with an estimated value of $16.7 million based on BitcoinTreasuries.NET data. This represents a 79% reduction from the approximately 1,006 BTC position maintained on July 30, placing the company 84th among publicly monitored entities on the tracking platform.

Year-to-date performance shows the stock declining more than 76% throughout 2026. This deterioration followed Hyperscale’s completion of a one-for-five reverse consolidation, with split-adjusted trading commencing August 25.

Montana Mining Activities Persist

While Michigan operations wind down, Hyperscale maintains its presence in Bitcoin mining. The organization continues operating approximately 10 MW of mining infrastructure at a Montana-based facility.

During June, Hyperscale disclosed it was evaluating a 125 MW expansion opportunity at the Montana location.

Company representatives emphasized that Michigan expansion blueprints remain tentative. The projected $1.2 billion revenue stream requires client activation of both contract extensions, while the $3 billion estimate additionally depends on the customer acquiring supplementary capacity.

Current Bitcoin holdings as of this week comprise 215 BTC with an approximate valuation of $16.7 million, according to BitcoinTreasuries.NET reporting.

The post Hyperscale Data (GPUS) Stock Plunges 17% Following Pivot from Bitcoin Mining to AI Infrastructure appeared first on Blockonomi.

Bitcoin (BTC) sat near $77,000 today, clawing back part of a slide that took it under $76,500 earlier in the week after fresh US-Iran strikes spooked the markets.

Analysts are now split on whether the dip was a shakeout before another push higher or the first sign of a deeper pullback.

Traders Watch the $83,000 Gap

Analyst NoName is watching the CME futures gap above the current price and considers $83,000 the line that decides what happens next. They wrote that Bitcoin needs “the level that separates a real reversal from another relief rally” with a daily close above it backed by real spot volume.

Without that close, they are treating the recent bounce as a retest of old supply rather than confirmation of a new uptrend, and their downside case is blunt: if $83,000 rejects and $74,000 gives way, they see room for a drop toward $50,000 to $55,000 before Bitcoin finds a real bottom.

But not everyone is reading the chart that way, including Doctor Profit, who dismissed calls for a new low outright, saying, “I consider the bear market as over.”

Another market watcher, Sykodelic, pointed to the monthly candle instead of shorter timeframes, citing the reversal structure, a bullish tick on the DSS Bressert indicator, and a flattening MACD.

He called the setup “not bearish, and never been bearish,” and said the monthly close held above the $76,400 level he had flagged as the line between confirming the reversal and voiding it.

Behind the argument sits a rough week. As CryptoPotato reported previously, Bitcoin got turned away at $79,000 more than once before the latest leg down pushed it under $76,500 for the first time since August 23, with renewed US-Iran fighting being the main trigger. You can hear more about that in the video below:

The primary cryptocurrency is now changing hands above $77,000, having traded between $76,300 and $77,800 in the last 24 hours. It’s down almost 2% for the week but still up nearly 22% for the month.

August’s Rare Green Candle Complicates the Picture

The pullback follows a month that broke a pattern, with BTC closing August up almost 25%, the first green August during a bear market stretch comparable to 2014, 2018, or 2022, when it fell between 9% and 18% at the same point in each cycle.

It was also the asset’s best August since 2017, when the month closed up more than 65%. Furthermore, the third quarter is already up close to 33%, with one month left to go.

That doesn’t change where Bitcoin sits against its cycle high, though. It remains down close to 30% for the year and more than 38% below its October 2025 peak of over $126,000, with dominance currently above 57%.

The post Bitcoin Could Crash to $50K if Bulls Fail This Crucial Test: Analyst appeared first on CryptoPotato.

XRP is changing hands around $1.35, down roughly 6% over the last week after slipping beneath a support level chart analysts had been watching closely since late August.

Trader ChartNerd says the token’s second failed weekly close above its 50-week EMA leaves room for a deeper slide to $1.27, or lower, before the rally that took XRP to $1.70 can resume.

Bulls Lose Their Grip on the $1.36 Floor

ChartNerd has been tracking XRP’s four-hour structure for weeks, watching a range that formed beneath $1.47 resistance and above $1.36 support. That floor has now been swept twice. According to the analyst, the price rejected from $1.43 and printed another lower high beneath a bearish trend signal sitting at $1.39.

Zooming out, the picture traces back to August 22, the day XRP touched a multi-month high of $1.70, as CryptoPotato reported. The rally followed a broader market move triggered by Bitcoin’s jump from under $65,000 to $80,000, and pushed XRP up 70% in three days after a tough start to the month that had briefly dragged it under $1.00. It ended August at just under $1.40, still a 30% monthly gain despite the pullback.

ChartNerd flagged the retracement risk the day after that peak, warning that a weekly close below the 50 EMA “would be an early warning sign in advance for a larger retracement.”

That’s exactly what has followed: two consecutive weekly closes beneath the average and a retreat the analyst pegged at around 22% from the top. The next support in that scenario is the weekly 20 EMA, which now sits at $1.27.

No Recovery Case Until $1.50 Gets Reclaimed

ChartNerd’s resistance ladder above the current price runs from $1.40 to $1.43, then $1.47, then $1.65, $1.82, and $2.40. On the downside, the levels being watched are $1.30, $1.27, $1.21, and $0.85, the last tied to a zone the analyst has been flagging for accumulation since June.

The broader case for a bottom rests on a golden cross that hasn’t formed yet. XRP’s EMAs are coiling, with price stuck under the 50-week average and above the 20-week one. Until both are reclaimed and held, ChartNerd isn’t willing to call a floor, comparing the current stretch to the compression that preceded August’s breakout.

Spot XRP ETFs still pulled in more than $110 million last week, their strongest inflow since December, which has kept some traders open to a faster turnaround than the charts alone suggest.

September carries its own catalysts, including a CLARITY Act vote in the Senate around September 15 and a shareholder vote on Evernorth’s planned Nasdaq listing. But none of that changes the technical picture ChartNerd is describing: XRP is boxed in below resistance, and until that changes, another leg down to $1.27 or beyond stays on the table.

The post XRP’s Next Move Comes Down to These Key Price Levels: Analyst appeared first on CryptoPotato.

The meme coin sector was at the forefront of gains during the last bull cycle, but over the past several months, interest in such tokens has fallen sharply.

We asked three of the most popular AI-powered chatbots to assess whether any of the leading ones (or perhaps some overlooked names) have a realistic chance of staging a revival and turning into sensations this month. Here’s what they said.

Mixed Answers

According to ChatGPT, Dogecoin remains “the safest bet” for September because of its size, liquidity, and recognition in the crypto community. OpenAI’s platform noted that it is still the biggest meme coin, reminding that lately whales have purchased a significant amount of DOGE, thus potentially setting the stage for a price uptrend.

It also claimed that the token would be among the first altcoins to benefit from a further crypto recovery. Despite the latest correction, the market has been on a major upward move over the past two weeks, and we have yet to see whether September will deliver further gains.

ChatGPT argued that Shiba Inu (SHIB) offers more upside than DOGE but paid attention to its tremendous circulating supply, which remains a major obstacle to a price rally.

“Routine burns remove only a tiny portion of that amount, meaning sustained buying pressure matters far more than eye-catching changes in the daily burn rate,” it added.

The chatbot also touched on PEPE, describing it as the most speculative of the leading meme coins. In addition, it classified Pudgy Penguins (PENGU) as “the strongest alternative candidate.”

Perplexity presented a different answer, claiming that DOGE’s potential upside may be more steady than parabolic in the next four weeks. It claimed that PEPE is unlikely to experience a decisive breakout within that period, while Shiba Inu has the best chances:

“SHIB looks like the coin where price is still quiet, but the tape is screaming accumulation, right into a time of year when it has historically moved the most. That combination is why it’s the most likely to deliver a “history-making” September move.”

The Surprising Bet

Google’s Gemini picked the cat-themed Cash Cat (CASHCAT) as its choice for a meme coin that could stun the market with a shocking increase this month. It noted that the token is closely linked to Robinhood Chain, which means further ecosystem developments could directly benefit it.

At the same time, the chatbot warned that the meme coin’s potential rally in September may abruptly end with a brutal crash in October. As a matter of fact, tokens of that type are notorious for their enhanced volatility, and such a reaction will not be something new.

The post DOGE, SHIB, PEPE, or Something Else: Which Meme Coin Can Make History in September? (3 AIs Weigh In) appeared first on CryptoPotato.

TapTools has abandoned a community NFT sale intended to help bring its Cardano analytics platform back online after users reacted angrily to its return, with every participant refunded in full.

The backlash quickly reached Charles Hoskinson, who responded by sharing a South Park parody of BP’s repeated “we’re sorry” apology.

TapTools Pulls Sale After Community Backlash

TapTools shut down in June after four years of operating in the Cardano ecosystem. In its announcement then, the team said two co-founders, including its CTO and COO, had left earlier in the year, while its replacement CTO later decided to leave as well.

The company also cited infrastructure, development, and support costs as reasons it could not responsibly continue without a sustainable path forward. But that changed on September 2, when TapTools posted “We’re back” and said thousands of users had reached out after the shutdown asking how they could help. The team described the return as “Phase One” and said it wanted to try to bring the platform back.

The reaction was immediate and largely hostile. One X user, Sssebi, wrote that they were initially happy to see TapTools return but became disappointed after visiting the website and finding a limited NFT sale of 777 pieces at 777 ADA each, “the price of 2 copies of GTA6,” as a community member put it. Another, Matt Scheff, described the new NFT mint as “dumb and extractive” and urged users not to buy it, while Gero Wallet called the move “either a scam or a scam.”

TapTools later acknowledged the problem. “We got this one wrong,” the team wrote, saying it had believed the sale could give the community a way to support an attempt at bringing the platform back. Instead, it said it had “misread the moment, the sentiment, and how it would be received.”

Some time after the apology, Hoskinson responded by quote-tweeting it with nothing but a link to a South Park clip parodying former BP CEO Tony Hayward repeatedly saying “we’re sorry” after the Gulf oil spill, a well-worn reference for hollow corporate apologies. He did not add a written comment, leaving the clip itself to carry the message.

Cardano’s Wider Frustration Adds Pressure

TapTools’ original shutdown landed when Cardano was going through a rough stretch, with EMURGO stepping down from the network’s governance group to focus on helping users affected by the SecondFi exploit, a planned Singapore summit getting called off, and Hoskinson himself warning of a possible “wave of failures” among the ecosystem’s DeFi projects.

Even so, large ADA holders were adding to their positions while smaller wallets kept selling, a split some read at the time as one of the healthier setups the token had shown all year.

For TapTools, the immediate issue is no longer the sale, with the team withdrawing it and refunding participants. The harder part is rebuilding trust with users.

The post Cardano Firm TapTools Scraps Revival NFT Sale After Community Backlash appeared first on CryptoPotato.

The Smarter Web Company has bought an additional 35 BTC as part of its “The 10 Year Plan,” which includes an ongoing policy of acquiring Bitcoins for its treasury.

The company spent around £2 million (which is worth approximately $2.7 million) on the latest purchase.

With this, The Smarter Web Company’s total BTC stash has increased to 2,747 units. Its net average purchase price is £82,562 per Bitcoin. The UK-based platform, which specializes in web design, development, and online marketing services, has made gross BTC purchases worth £235.5 million and gross sales worth £8.7 million.

The firm also disclosed that its total drawings under its Coinbase Strategic Credit Facility have reached £20.5 million, equal to an approximate leverage ratio of 14.8%. The facility remains secured against the company’s existing Bitcoin holdings, has a variable interest rate of 6%, and can be repaid without additional charges at the company’s discretion.

It began accumulating Bitcoin on April 28, 2025, with an initial purchase of 2.3 BTC worth $215,695 at the time. During this period, a growing number of companies turned to the crypto asset as part of their treasury strategies.

The development comes amidst Bitcoin’s recovery from its recent downturn. The asset briefly climbed above $80,000 in late August before pulling back a little below $77,000 at the time of writing. The price movement comes into focus as major treasury holders reassess their positions. For instance, Strategy recently bought 4,603 BTC for $370 million after selling 6,916 earlier in the summer.

The post 35 More Bitcoin: Smarter Web Expands Its Growing BTC Treasury appeared first on CryptoPotato.