Zero's innovative architecture could revolutionize blockchain scalability and efficiency, potentially reshaping financial transaction processing globally.

The post LayerZero announces plans to rebuild blockchain architecture with new Layer-1 called Zero appeared first on Crypto Briefing.

The redemption cap highlights liquidity challenges in private credit funds, potentially impacting investor confidence and market stability.

The post Blackstone caps BCRED redemptions after investors try to pull 10% of shares appeared first on Crypto Briefing.

Crypto's integration into online entertainment signals a shift towards mainstream adoption, necessitating innovative payment and incentive designs.

The post How crypto payments are rewriting online entertainment appeared first on Crypto Briefing.

Morpho's growth and integration efforts could significantly reshape DeFi's landscape, attracting mainstream users and increasing on-chain activity.

The post Morpho reaches $14B in total deposits, introduces fixed-rate lending and deepens Base integration appeared first on Crypto Briefing.

The widening trade deficit highlights vulnerabilities in US economic balance, potentially impacting domestic industries and global trade relations.

The post US trade deficit widens 24% to $88.6B in July as AI-driven imports surge 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.

Bitcoin trades near $77,381, and Glassnode says 68% of circulating supply now sits in profit at this level, up from 65% when BTC traded here in May.

That three-point gap works out to roughly 600,000 additional BTC, an estimate worth about $47 billion at current prices, that could be sold for a gain before Bitcoin even reaches its next major resistance band.

Bitcoin summer accumulation built the floor and the overhang at once

The short-term holder cost basis now sits near $71,000, reset lower by months of trading through the June-to-August range. Buyers who accumulated during that stretch are already profitable at today's price, well before Bitcoin revisits its highs.

The same accumulation that steadied Bitcoin's floor through the drawdown also built a larger pool of holders with real gains to protect as it moves back up.

Glassnode's latest report identifies heavy long-term holder supply concentrated between $83,000 and $86,000, and the firm's prior research quantified that band at roughly 1.05 million BTC.

Those coins belong to holders who sat through the entire drawdown without selling, and a return to that zone would make them whole for the first time since the correction began.

Bitcoin's path to a real breakout runs through two distinct seller types in sequence: newly profitable buyers near current prices first, then patient long-term holders approaching breakeven higher up.

Coins sitting in profit represent potential supply, and Bitcoin now needs fresh demand large enough to absorb both cohorts if either one starts distributing into strength.

Bitcoin ETFs funded the squeeze at limited trading depth

US-traded spot Bitcoin ETFs pulled in a seven-day average of $290 million per day during August's rally, real capital that helped drive Bitcoin's move toward $80,000.

Secondary-market turnover on those same ETFs stayed closer to $3 billion per day throughout, a level Glassnode describes as well below prior expansionary phases.

What remains for this rally is broad trading activity that typically accompanies a durable move higher.

US spot Bitcoin ETFs posted roughly $236 million of outflows this week, led mostly by IBIT, as Bitcoin slid back toward $77,000. One outflow day marks the first live test of whether ETF demand can keep absorbing supply now that the profit overhang has expanded.

The macro backdrop that fueled August has inverted

Treasury's Aug. 19 buyback announcement briefly pulled the 10-year yield toward 4.6%, part of the relief that helped launch Bitcoin's move.

The yield sat back near 4.8% eight trading sessions later, erasing that relief. Brent crude has since settled around $95.63 as fighting between the US and Iran resumes.

A global bond selloff has pushed sovereign yields broadly higher, and futures markets now assign roughly two-thirds odds to a September Fed rate hike. Higher yields and oil prices raise the bar for whatever buyer shows up next to absorb the supply already sitting in profit.

The August jobs report lands on Sept. 4, followed by CPI on Sept. 11 and the Fed's meeting Sept. 15 to 16. A quarterly options expiry follows on Sept. 25, carrying roughly $14 billion of open interest across Deribit and IBIT, with a meaningful share of that positioning clustered above $80,000.

Bitcoin enters that sequence with more profitable supply above the current price than the last time it traded at this level.

It all comes down to fresh demand

The bull case has the jobs report and easing CPI lower the odds of a Fed hike, while ETF flows turn positive again, letting Bitcoin close above the $83,000 to $86,000 long-term holder band.

Under that path, the profit overhang gets absorbed cleanly, and Bitcoin opens a path toward the upper end of the options-implied range near $89,700, with September's four tests read afterward as confirmation.

The bear case has stronger jobs or inflation data reinforcing hike expectations while ETF outflows continue, leaving recent buyers more inclined to defend their gains than add fresh capital.

In that scenario, Bitcoin loses the $71,000 short-term holder cost basis and tests Glassnode's deeper accumulation floor near $62,000 to $65,000. The same summer buyers who steadied the market become the ones selling into any bounce.

Bitcoin needs enough new buyers to show up so people already sitting on gains can stay put.

The post Bitcoin’s next $80,000 breakout has $47 billion more profitable supply to absorb appeared first on CryptoSlate.

A Dubai court has given Matthew William Brittain until Sept. 7 to explain where money used for legal and advisory bills ultimately came from in a dispute over $456 million connected to TrueUSD reserves.

The Sept. 1 order adds a near-term disclosure deadline to proceedings in the Dubai International Financial Centre Courts. Techteryx, the claimant seeking the information, has obtained a proprietary injunction and worldwide freeze against Aria Commodities DMCC covering $456 million transferred from Legacy Trust and First Digital Trust, along with traceable proceeds.

Earlier DIFC court reasons for the freeze identify the money as part of the reserves backing TrueUSD, or TUSD. The injunction supports litigation in Hong Kong over what happened to the funds, but it does not decide who ultimately owns them.

Brittain must swear and serve an affidavit by 4 p.m. Gulf Standard Time on Sept. 7, acting “to the best of his ability.” For money paid to Quinn Emanuel, Horizons, Gall, Campbells and FTI Consulting, he must list amounts, payment dates and bank accounts. He must also identify the original sources and ultimate beneficial owners, explain how the accounts were funded and provide supporting documents.

The order separately requires an explanation of $1,083,912.49 paid by Aria Bio Industries FZE, another respondent in the case, on Oct. 31, 2025 toward Aria Commodities’ legal costs. The same funding details are required for that payment and for any further legal advice or representation costs incurred since a May 13 remedy application.

If Brittain does not comply, Techteryx may apply for sanctions. A penalty is not automatic: the court would still have to consider the further application.

Third adjournment sets October hearing

The court also moved the committal hearing to Oct. 26 for an estimated four days, marking its third adjournment. It is scheduled to take place in person at the DIFC Courts, with remote attendance allowed for Techteryx’s lead counsel.

In the reasons, Justice Michael Black said another adjournment would require “the most extreme circumstances” supported by strong evidence. The Sept. 7 disclosure deadline is distinct from the October committal hearing, which will address the pending committal application.

The Dubai proceeding is also separate from the underlying Hong Kong case. Techteryx alleges there that the transfers formed part of a fraud and that Aria holds the money or its proceeds on constructive trust. Those allegations remain disputed. At the interim stage, the DIFC court described key merits and ownership questions, including whether Techteryx had a proprietary interest in the reserves, as unresolved.

The post TrueUSD’s $456M court case gives defendant days to reveal legal funding source – or face court sanctions appeared first on CryptoSlate.

Memecoins paired against Robinhood's tokenized stocks generated $217 million of trading volume on Robinhood Chain on Sept. 2, according to data compiled by on-chain researcher Adam Tehc.

The volume outpaced the $127 million that traded through direct stock token markets that same day. Traders are using tokenized Nvidia or Hims & Hers shares as the plumbing for a memecoin economy Robinhood never designed.

Robinhood describes stock tokens as ERC-20 tokenized debt securities that give holders economic exposure to an underlying stock without legal or beneficial ownership in the issuer.

New supply comes from a single authorized participant, identified at issuance as BBVI, which alone can mint tokens once onboarded. Everyone else trades, pools, and builds with the tokens already in circulation, permissionlessly and without Robinhood's direct involvement.

A memecoin cornered more than half the tokenized float on Robinhood Chain

A memecoin called BONER accumulated 31,198 of the 58,714 HIMS stock tokens then outstanding, roughly 53% of the entire tokenized supply, with another 1,424 sitting in separate meme pools.

That left only about 20,303 tokens circulating in conventional HIMS pairs against stablecoins and ETH, the thin remainder available for anything resembling ordinary price discovery.

While the New York Stock Exchange sat closed for the weekend, the tokenized HIMS instrument printed as high as $132.64. That compares with a $28.84 close for the underlying stock the previous Friday, a premium of roughly 4.6 times.

A small, closed-loop pool of tokens experienced an AMM scarcity event while the market that could have supplied fresh tokens or corrected the price sat shut.

Hims & Hers has roughly 233.3 million shares outstanding, so the 58,714 HIMS stock tokens involved equal about 0.025% of that count. Reported short interest in the stock runs near 58.7 million shares, meaning the entire tokenized float that briefly cornered represented roughly 0.1% of the shares already sold short.

The episode left Hims & Hers' equity market untouched, while shaking confidence in a much smaller, newer market sitting on top of it.

Once the underlying market reopened, BBVI minted roughly 4,000 new HIMS stock tokens, worth about $115,000 at Friday's closing price and equal to just 6.8% of the prior tokenized supply.

That comparatively small injection was enough to pull the token price back toward the stock's value. The real vulnerability sits in who controls new supply, when they can create it, and which pools need it during a squeeze, well beyond the total dollars involved.

Robinhood stock tokens become the thing memecoins are priced against

Inside the Robinhood Chain pools, HIMS or Nvidia stock tokens become the denominator memecoins are priced against, turning a security-linked instrument into part of the speculative settlement layer itself.

The underlying stock trades during regulated exchange hours, and Robinhood's own oracle feeds for stock token prices update 24 hours a day, five days a week, on that same schedule. The on-chain token itself keeps trading and transferring around the clock regardless, so a weekend print does not necessarily represent a repriced stock.

It more often points to stress inside a thin token wrapper trading without its usual reference market open.

Secondary trading is permissionless and open to anyone, but new stock token supply only comes from an authorized participant. A large on-chain dislocation can form even in an instrument explicitly built to track a real security, because nobody trapped in a cornered pool can mint their way out.

Robinhood's terms say it does not control what third parties build on the chain and cannot reverse transactions once submitted.

Its securities filings separately warn that this same third-party activity may be difficult or impossible to monitor, influence, or prevent, even though Robinhood could still face reputational, legal, or regulatory consequences from whatever happens.

Regulators are already circling the underlying question

The SEC said in January that representing a security through a crypto network does not change which federal securities laws apply. That statement targeted this kind of third-party product offering synthetic exposure to an underlying stock.

The World Federation of Exchanges has separately warned regulators that tokenized equities raise real issues around market integrity, disclosure and post-trade standards.

Both are describing a genuine gap in who takes responsibility when a security-linked token starts behaving like a permissionless crypto asset.

Nasdaq's approved tokenization framework and DTCC's tokenization service both keep tokenized securities on the same order books, under the same rights and controls as conventional shares.

Robinhood Chain sits at the end of a broader move, letting its tokens loose into open DeFi composition. Citi's 2030 tokenization outlook, projecting roughly $5.5 trillion in tokenized assets under its base case, anticipates retail investors doing this with instruments like it.

For crypto markets broadly, the more interesting implication is that on-chain speculation may grow less dependent on BTC, ETH, and stablecoins as its default liquidity legs if tokenized equities keep working this well as collateral and quote assets in their place.

Whether this becomes real infrastructure or a lasting liability

The bull case is that stock tokens graduate from meme-pair liquidity into broader usage in lending, collateral, and index products, with direct stock token activity and legitimate collateral use eventually overtaking memecoin-pair volume.

Under that path, Robinhood Chain's RWA activity multiplies several times over from today's roughly $188 million base, and the network becomes credible on-chain brokerage infrastructure.

The bear case has volumes staying high while remaining dominated by reflexive meme pools and low-float squeezes like the one HIMS just experienced. Regulators and issuers turn their attention toward disclosure and market-integrity risk, well past simple growth metrics.

In that scenario, high transaction counts stop reading as validation, and Robinhood's fee opportunity comes wrapped in the reputational exposure its filings already warn about.

Tokenization promised that a stock stops being just something you buy and becomes something software can use. Memecoin traders are showing Wall Street what “use” means when nobody outside crypto got a vote in the definition.

The post Robinhood put stocks on a permissionless blockchain- memecoin traders are stress-testing what happens next appeared first on CryptoSlate.

Bitcoin is testing a roughly $68 billion breakeven wall that has repeatedly stalled its push back above $80,000.

About 880,000 BTC carry a cost basis between roughly $77,500 and $80,300, leaving a large group of holders close to where they originally bought, Bitfinex Alpha data shows.

Data from CryptoSlate shows Bitcoin trading near $77,890 as of press time after spending much of the past week trapped below $80,000.

The concentration means even modest price moves can shift tens of billions of dollars in Bitcoin between profit and loss, potentially releasing supply from investors who endured months underwater.

So far, that selling has been absorbed, setting up a test of whether fresh demand can clear the zone or whether the recovery stalls near current levels.

Older buyers are using the rally to get out near cost

The behavior of long-term holders suggests some investors are already taking advantage of the recovery to exit positions without realizing significant losses.

Bitcoin's long-term holder Spent Output Profit Ratio, or SOPR, has moved around 1 for nine consecutive sessions, with readings between 0.88 and 1.19 and a latest level near 0.98, Bitfinex said. A reading around 1 indicates coins are being moved at roughly the same price at which they were acquired.

Bitfinex analysts tied that activity primarily to investors who accumulated Bitcoin around February and March, when prices were close to current levels. Those holders subsequently sat through the downturn and now have an opportunity to recover their original investment as Bitcoin revisits their entry prices.

That creates a recurring supply problem. Bitcoin closed at $80,256 on Aug. 27, when 72.1% of supply was in profit. By the time it closed at $77,468 several days later, that share had fallen to 67.7%. The change implies roughly 880,000 BTC sit inside the narrow $2,800 cost-basis window now surrounding the market.

At about $77,000 per Bitcoin, that represents nearly $68 billion of supply whose profitability changes as prices move through the region.

The pattern has yet to resemble capitulation. Bitfinex said sustained SOPR readings below 0.9 alongside falling prices would indicate holders had begun accepting deeper losses to exit. Instead, sellers have largely appeared around breakeven while buyers have prevented a more decisive breakdown.

Bitcoin's True Market Mean, an on-chain measure Bitfinex uses to estimate the average acquisition price of active investors, stands near $76,350. That places the market only slightly above another level where a broader portion of holders approaches cost.

Strategy steps in as the ETF bid cools

The demand absorbing those sellers is also changing, with Strategy returning to the market just as buying through US spot Bitcoin ETFs has become less consistent.

Strategy bought 4,603 Bitcoin for $369.7 million between Aug. 24 and Aug. 30, ending a 10-week pause in purchases. The acquisition lifted the company's holdings to 845,050 BTC and was made at an average price of $80,318, placing Strategy's buying directly inside the zone where Bitcoin has repeatedly struggled to hold gains.

That timing provides an unusually direct test of corporate demand. Strategy paid above every Bitcoin daily close since May 14, even as other investors were using prices near $80,000 to sell.

The purchase also arrived as ETF demand cooled following one of its strongest stretches of the summer.

US spot Bitcoin ETFs had accumulated about $3.04 billion during a nine-session inflow streak before recording a $201.9 million outflow on Aug. 28. A $216.7 million inflow followed, but the products opened September with another $236.5 million in withdrawals.

The reversal does not establish a sustained ETF exodus, particularly after August's heavy inflows. It does reduce one source of buying pressure at a point where Bitcoin is encountering a large concentration of potential sellers.

Bitfinex described the shift as a handoff between the liquidity engines behind the recent rally, with corporate purchases helping offset softer ETF demand.

That balance could become increasingly important if breakeven selling persists. The more supply investors release around $78,000 to $80,000, the more sustained demand will be needed to convert the region from resistance into support.

Options traders are insuring against a deeper break

Derivatives traders are preparing for that balance to fail even as the options market prices relatively subdued volatility.

Average Bitcoin implied volatility stood at 37.2 in Bitfinex's analysis, putting it in the 18th percentile of daily closes over the past year. Options have therefore been cheaper on fewer than one in five trading days during that period.

Yet protection is concentrated around the period containing key US economic releases that could shift expectations for Federal Reserve policy.

The Sept. 11 options expiry has one put outstanding for every call, compared with a put-call ratio of 0.56 across the broader options market. Downside positions are concentrated between $68,000 and $75,000, while the largest call open interest sits at $80,000.

That positioning suggests investors are keeping exposure to another advance while paying for protection against a retracement through the current support zone.

The timing coincides with US payroll and inflation data that could alter expectations for the Fed after Chair Kevin Warsh's hawkish Jackson Hole remarks helped knock Bitcoin from an Aug. 28 high above $81,000.

Bitcoin now needs to clear the supply shelf

The next move may depend on whether buyers can exhaust the remaining breakeven supply without allowing Bitcoin to lose the cost basis supporting the recovery.

Bitfinex sees two daily closes above $82,818, accompanied by improving holder profitability and positive ETF flows, as confirmation that the current supply shelf has been absorbed. That would put roughly $85,200, another on-chain cost-basis level, into focus.

A failure would expose the opposite side of the trade. Two closes below about $76,657 would weaken the current structure and could open a move toward $73,500, followed by the short-term holder cost basis near $69,980.

Bitcoin's August rally still gives buyers some historical support. The cryptocurrency gained roughly 24% during the week ended Aug. 23, its strongest weekly percentage increase since March 2023. Since 2020, Bitcoin has posted 17 weekly gains exceeding 15% and was higher 30 days later in 14 of those cases, with a median return of 8.4%, Bitfinex found.

The immediate obstacle is closer than those historical returns suggest. Before Bitcoin can extend the rally, buyers have to absorb a block of supply worth nearly $68 billion from holders who have finally been offered a chance to leave near where they came in.

The post Bitcoin cannot break out past $80,000 until it devours an 880k BTC roadblock that choked every rally appeared first on CryptoSlate.

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.

Strategy sold millions in Bitcoin in the low $60k range and just rebought at $80k. Now they’re sharing the rationale behind the moves.

Nearly 600,000 students lose access to generative AI tools, while five named vendors keep metered pilots running in high schools.

Fake investment ads on Telegram channels funneled EU victims to a lookalike exchange that emptied their wallets.

The order calls the prediction market platform a sports betting operation "masquerading as an investment opportunity."

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

Despite the rising pressure on the market, Shiba Inu successfully absorbed larger part of the pressure.

Former Ripple VP Emi Yoshikawa reacts to Goldman's stablecoin bid, highlighting Wall Street's predictable shift and 21-bank governance traps.

Robinhood chain leads all major networks in its 24-hour revenue following a massive surge in the metric, recording over $4 million in just one day.

Michael Saylor likens Bitcoin strategy to golf as Strategy claims the No. 2 S&P 500 reserve spot despite a paradox re-buy.

The update gives Shibarium users another piece of infrastructure to work with while improvements to the underlying ecosystem contribute to broader utility over time.

Key Takeaways

• New FCC documentation from SpaceX indicates Starship test 14 is scheduled to begin operations on September 15.
• Documents mention an “orbital second stage,” hinting at the first attempt to achieve orbital insertion with Starship’s upper stage.
• SPCX shares started trading at $140.71, reflecting a 1.1% decline, with the company valued at $1.84 trillion.
• The company posted $7.81 billion in quarterly revenue, representing a 91.9% increase compared to the same period last year and exceeding earnings forecasts.
• Wall Street analysts maintain a “Moderate Buy” consensus rating with an average price target of $221.20.

SPCX shares began Thursday’s session at $140.71, representing a 1.1% decrease, trading slightly above the June IPO level of $135. The aerospace company currently holds a market capitalization of $1.84 trillion.

Space Exploration Technologies Corp., SPCX

The most recent development stems from new Federal Communications Commission documentation submitted by SpaceX concerning Starship test 14. The paperwork indicates September 15 as the operational start date and includes language about an “orbital second stage,” suggesting the company’s first attempt to achieve orbital insertion with the Starship upper stage.

The previous Starship test, number 13, took place in late July and achieved multiple significant milestones, including successfully deploying 20 Starlink V3 satellites into orbit.

SpaceX’s Starlink broadband service has crossed the 12 million subscriber threshold. During the latest reporting period, the connectivity division produced approximately $1.66 billion in operating profit.

The company announced quarterly revenue reaching $7.81 billion, marking a 91.9% year-over-year increase. SpaceX recorded a per-share loss of $0.09, which came in $0.17 better than the consensus analyst forecast of a $0.26 loss.

Institutional Ownership Continues to Expand

During the second quarter, Carter Financial Group established a new stake in SpaceX, acquiring 7,809 shares worth roughly $1.33 million. Multiple additional investment firms also initiated positions, including Atwood & Palmer, Marquette Asset Management, and Orion Capital Management.

SpaceX shares have traded within a 52-week band of $104.83 to $225.64, with the 50-day moving average currently at $136.33.

Among Wall Street analysts, Cantor Fitzgerald maintains an “overweight” rating with a $246 price objective. Deutsche Bank carries a “buy” rating alongside a $255 target. Arete Research established the Street’s most bullish target at $450. The overall consensus stands at “Moderate Buy” with a mean price target of $221.20.

Oppenheimer recently increased its price objective to $280, pointing to accelerated AI adoption rates and growing infrastructure investment. Bernstein established a $248 target and projects AI-related revenue could increase nearly fivefold by 2027.

Challenges Remain Present

The picture isn’t entirely positive. Reports indicate SpaceX conducted a reorganization of its data-center management following reliability problems at Tennessee and Mississippi locations. A September 30 deadline approaches for Google’s reported monthly computing contract worth $920 million.

The company’s AI division reportedly consumed the majority of capital expenditures during the quarter. SpaceX’s current valuation provides limited room for missteps.

The company’s reliance on Elon Musk continues to represent a significant governance consideration for certain institutional investors.

More encouragingly, both Google and Anthropic have allegedly sought SpaceX’s AI computing infrastructure as ground-based electricity supply and data-center availability become increasingly limited.

The Department of Defense’s approval of Starshield AI’s Grok system for government applications further strengthens SpaceX’s narrative in defense and orbital computing markets.

The company aims to begin transporting commercial payloads aboard Starships before 2026 concludes. Wall Street analysts project a full-year loss of $0.15 per share for the ongoing fiscal year.

The post SpaceX (SPCX) Stock: Institutional Interest Rises Ahead of Starship Test 14 appeared first on Blockonomi.

Key Highlights

• Shares of Datadog (DDOG) climbed approximately 5% on Thursday, reaching the $220 level, buoyed by Snowflake’s impressive quarterly performance
• Snowflake (SNOW) delivered Q2 revenue of $1.55 billion, surpassing analyst projections of $1.48 billion, while adjusted EPS reached $0.62 compared to the $0.45 forecast
• Shares of Snowflake soared approximately 22% following the earnings release, creating positive momentum for Datadog
• The two companies share exposure to enterprise AI infrastructure markets, creating correlated trading patterns
• Prior to this rally, Datadog had experienced a roughly 22% decline over the preceding month due to anticipated lower usage from a significant AI client

Shares of Datadog (DDOG) were up approximately 5% during Thursday’s trading session, hovering around the $220.00 mark, following a powerful earnings report from Snowflake that ignited enthusiasm across AI and cloud infrastructure equities.

Datadog, Inc., DDOG

Snowflake delivered second-quarter revenue totaling $1.55 billion, representing a 35% year-over-year gain and exceeding analyst expectations of $1.48 billion. The company’s product revenue reached $1.49 billion, marking a 37% annual increase.

The adjusted earnings per share figure of $0.62 significantly outpaced the Street’s consensus forecast of $0.45. Additionally, remaining performance obligations climbed 30% to reach $9 billion, an important indicator that suggests robust future revenue visibility.

Snowflake stock surged approximately 22% during after-hours trading on Wednesday following the announcement. This momentum carried into the regular Thursday session, providing a lift to companies with exposure to enterprise AI expenditures.

Datadog emerged as one of the most notable beneficiaries of this sentiment shift. Both organizations serve overlapping segments within the cloud and AI infrastructure ecosystem, which frequently leads investors to trade them in tandem.

Snowflake’s CEO Sridhar Ramaswamy attributed the strong results to artificial intelligence, noting that it continues to “compound our advantages, creating a flywheel effect across the business.”

Understanding Datadog’s Prior Weakness

Before Thursday’s rally, Datadog had faced significant headwinds. The shares declined approximately 22% during the previous month following news that a prominent AI customer anticipated reducing its usage of Datadog’s monitoring platform.

When a major customer communicates expectations for lower platform utilization, it naturally raises concerns about future growth prospects, explaining the severity of the prior selloff.

Thursday’s upward movement allowed the stock to reclaim some of those losses, although it continues trading below its recent peak levels.

Implications of Snowflake’s Performance for Cloud Stocks

Snowflake’s quarterly results arrived amid a broader reporting period for enterprise software companies, offering investors valuable insight into actual corporate spending patterns on cloud and AI solutions.

The figures indicated that demand within this market segment remains healthy. Achieving 35% revenue growth at Snowflake’s size demonstrates strong execution, and the magnitude of the earnings beat suggested solid business fundamentals.

Datadog’s premarket advance of 5.7% illustrated how rapidly investor sentiment can pivot when a comparable company delivers strong results in the same expenditure category.

The wider market context provided minimal support. The S&P 500 traded essentially flat while the Nasdaq showed modest weakness during Thursday morning hours, indicating that Datadog’s rally was predominantly attributable to the Snowflake spillover effect.

As of the time of publication, Datadog shares were changing hands at $220.00, representing a gain of 5.15% for the session.

The post Datadog (DDOG) Stock Climbs 5% Following Snowflake’s Impressive Earnings Report appeared first on Blockonomi.

Key Takeaways

• Shares of Victoria’s Secret plummeted 18% during premarket hours following a mixed Q2 earnings report that emphasized weak forward guidance.
• The company delivered adjusted earnings per share of $0.95, significantly surpassing the analyst forecast of $0.77, though revenue of $1.61 billion fell marginally short of the $1.62 billion target.
• Comparable store sales climbed 9%, exceeding projections but representing a deceleration from the 13% growth achieved in the previous quarter.
• Third-quarter operating income projections significantly underperformed, with a midpoint of $15 million versus Wall Street’s $24.4 million expectation.
• The company increased its fiscal year revenue outlook to a range of $7.1B-$7.18B, aligning closely with market expectations.

Shares of Victoria’s Secret plunged 18% to $69.61 during premarket trading on Thursday following the lingerie retailer’s Q2 earnings announcement, which left investors disappointed despite robust bottom-line performance.

Victoria’s Secret & Company, VSXY

For the fiscal second quarter that concluded on August 1, the retailer reported adjusted earnings per share of $0.95, a substantial improvement from $0.33 in the year-ago period and comfortably exceeding the $0.77 analyst consensus. Total net sales climbed 10% on a year-over-year basis to $1.61 billion, narrowly missing Wall Street’s anticipated $1.62 billion.

The company’s adjusted operating income reached $124 million for the quarter, representing a significant jump from the $55 million recorded during the comparable period in the prior year.

Comparable sales advanced 9% during the quarter, surpassing the consensus projection of 8.8%. However, this figure represented a notable deceleration from the 13% comparable sales expansion delivered in the first quarter, raising concerns among market participants.

Third-Quarter Profit Outlook Misses the Mark

The primary concern for shareholders centered on forward-looking guidance. Victoria’s Secret projected third-quarter sales between $1.57 billion and $1.6 billion, modestly exceeding the Street’s $1.56 billion estimate.

Nevertheless, the company’s third-quarter operating income forecast substantially missed analyst expectations. Management’s guidance midpoint of $15 million fell well short of the $24.4 million Wall Street had anticipated.

Chief Executive Hillary Super explained that the conservative operating income projection reflects a strategic decision to substantially increase marketing expenditures. “We see significant opportunity ahead and are doubling down on what is working,” she stated. “We are increasing our strategic marketing investment to expand our reach, deepen customer connection, and build on the brand heat we are creating.”

Prior to the earnings release, the stock had enjoyed impressive momentum. Shares had surged 57% year-to-date through Wednesday’s close, reflecting investor confidence in the company’s transformation efforts under Super’s stewardship.

Annual Revenue Projections Increased

On a more optimistic note, Victoria’s Secret elevated its fiscal 2026 revenue guidance to a range of $7.1 billion to $7.18 billion, representing an increase from the prior range of $7.03 billion to $7.13 billion. This updated forecast aligned approximately with the $7.14 billion consensus estimate.

Management also enhanced its 2026 adjusted operating income guidance to $560 million to $590 million, up from the previous range of $550 million to $580 million.

Guggenheim analyst Simeon Siegel acknowledged the “strong bottom-line beat” while pointing out that implied fourth-quarter earnings appear to be running below the Street’s consensus expectations.

The stock had closed Wednesday’s regular session up 0.8% before the sharp premarket decline materialized.

The post Victoria’s Secret (VSXY) Shares Plunge 18% After Weak Q3 Profit Forecast Overshadows Earnings Beat appeared first on Blockonomi.

Key Highlights

• Shares of Five Below climbed 6.2% during premarket hours following stellar second quarter performance
• The company delivered adjusted earnings per share of $1.68, surpassing the Street’s $1.33 projection
• Total net sales increased 22.9% on a year-over-year basis, reaching $1.26 billion
• Comparable store sales advanced 14.1%, marking the company’s fifth consecutive quarter of double-digit comp growth
• Management boosted fiscal 2026 EPS outlook to $9.83-$10.31 range and authorized a $600 million stock repurchase plan

Shares of Five Below (FIVE) experienced a significant 6.2% premarket surge on Thursday morning following the discount retailer’s announcement of fiscal second quarter financial results that exceeded analyst projections across key metrics.

Five Below, Inc., FIVE

The Pennsylvania-based retailer delivered adjusted earnings of $1.68 per share, representing a substantial beat versus the $1.33 consensus forecast from Wall Street analysts. Revenue totaled $1.26 billion for the quarter, marking a 22.9% increase from the prior year period and exceeding analyst expectations of $1.21 billion. Following the premarket rally, shares were approaching the upper end of their 52-week trading range of $137.77 to $263.88.

Comparable store sales increased 14.1% during the quarter. This performance represents the company’s fifth straight quarter delivering double-digit percentage growth in comparable sales—an impressive consistency that demonstrates sustained business momentum.

Traffic and Volume Fueled Comp Sales Strength

The comparable sales expansion was primarily attributed to increased store traffic and higher transaction counts rather than price increases. This is a critical distinction. The data indicates that more customers are choosing to shop at Five Below locations and are making purchases with greater frequency.

Five Below increased its fiscal 2026 net sales outlook to a range of $5.63 billion to $5.71 billion. Management also elevated its adjusted diluted earnings per share guidance to a band of $9.83 to $10.31.

In a separate announcement, the company’s board of directors authorized a fresh $600 million share buyback program.

Wall Street Response

Deutsche Bank analysts increased their price objective on FIVE shares to $334 from a previous $318 target in response to the quarterly report. Jefferies maintained its Buy recommendation while keeping its $350 price target unchanged.

Guggenheim likewise lifted its price target to $290 from $250 while reiterating a Buy rating on the stock. Analyst John Heinbockel highlighted fundamental improvements in merchandising, marketing strategies, and store presentation as key drivers fueling the revenue recovery.

Telsey Advisory Group increased its target price to $305 from $280 with an Outperform rating. Wells Fargo boosted its objective to $295 from $260, emphasizing the company’s positive momentum and opportunities for continued earnings expansion.

Heinbockel observed that the stock advanced approximately 5% during after-hours trading following the earnings release, though he suggested the relatively moderate gain may reflect investor caution around difficult year-over-year comparisons expected to persist through 2027.

Trading at 12.8 times Guggenheim’s 2027 earnings estimate, the valuation approximates EBITDA PEG multiples above 1.0x commonly attributed to well-positioned growth-oriented companies. Five Below currently commands a price-to-earnings ratio of 30.44 alongside a PEG ratio of 0.46.

The shares have delivered a 61% return over the trailing twelve-month period. Data from InvestingPro indicates that 11 analysts have recently revised their earnings projections upward for upcoming periods.

The broader equity markets posted modest gains during Thursday’s session, with the S&P 500, Dow Jones Industrial Average, and Nasdaq Composite each advancing approximately 0.2%.

The post Five Below (FIVE) Stock Surges 6% Following Impressive Second Quarter Results appeared first on Blockonomi.

Key Takeaways

• Equity futures displayed mixed performance Thursday following a three-session decline
• Brent crude maintained levels above $95 per barrel amid escalating Middle Eastern tensions
• The 10-year Treasury yield advanced to 4.79%, weighing on stock valuations
• Broadcom stock declined in pre-market despite surpassing earnings estimates; Snowflake dropped more than 4%
• Market participants focused on Friday’s employment data as the next critical market mover

US stock futures displayed indecisive trading patterns Thursday morning as market participants monitored climbing Treasury yields, stubbornly high energy prices, and continuing geopolitical turmoil in the Middle East.

Dow Jones Industrial Average futures advanced 0.2%, while futures tied to the S&P 500 remained virtually unchanged. Nasdaq-100 futures slipped marginally into negative territory, reversing modest gains recorded during Wednesday’s trading session.

The S&P 500 ended its three-session slide on Wednesday, receiving support from a strong performance in Nvidia shares. However, that positive sentiment dissipated rapidly as Treasury yields resumed their upward trajectory during overnight trading.

Treasury Yields Continue Upward March

The benchmark 10-year Treasury yield climbed 1 basis point to reach 4.79% during early morning trading. Elevated yields typically pressure equity valuations, especially technology and growth-oriented stocks, by increasing borrowing costs and enhancing the relative attractiveness of fixed-income investments.

West Texas Intermediate crude surged 2.1% to reach $92.95 per barrel. Brent crude futures maintained positions above $97 per barrel, comfortably exceeding the $95 threshold that continues to fuel inflation anxieties.

Kathleen Brooks, research director at XTB, an online brokerage platform, noted that genuine improvement in market confidence would necessitate energy prices retreating to levels observed during early summer months.

Brooks emphasized that absent a complete cessation of hostilities between conflicting parties in the Middle East, neither commodity prices nor bond markets are likely to experience significant stabilization. She indicated that central banking institutions will maintain their vigilant stance regarding inflationary pressures.

President Trump announced that US forces executed a “very heavy attack” targeting Iran on Wednesday while expressing optimism that the confrontation would prove short-lived. Financial markets remain attentive to any indications of potential ceasefire agreements.

Corporate Results and Employment Metrics Take Center Stage

In corporate earnings developments, Broadcom shares experienced pre-market weakness despite the semiconductor manufacturer posting quarterly results exceeding analyst projections. Snowflake declined over 4%.

Lululemon Athletica and DocuSign are set to release their quarterly financial statements following Thursday’s market close.

Career transition consulting firm Challenger, Gray and Christmas disclosed a deceleration in layoff announcement activity during August. Industry observers characterized the findings as evidence of a “low hire, low fire” employment landscape.

Weekly initial jobless claims data from the Bureau of Labor Statistics was scheduled for release Thursday morning. Both employment metrics are garnering attention as precursors to Friday’s comprehensive monthly employment report.

Friday’s jobs data is viewed as a crucial input for Federal Reserve policymakers as they evaluate future monetary policy adjustments.

Financial markets continue to demonstrate heightened sensitivity to economic indicators that could influence interest rate cut expectations. With energy prices elevated and yields advancing, the trajectory for equity markets remains clouded as the weekend approaches.

The post Stock Futures Mixed as Treasury Yields Surge and Oil Holds Above $95 Per Barrel appeared first on Blockonomi.

The native token of Pi Network has rebounded from its all-time low set earlier this summer, and many market observers now anticipate further gains in the near future.

Certain technical indicators also support the bullish perspective.

Breakout Setup?

PI currently trades at around $0.094 (per CoinGecko), representing a 13% monthly surge and a 34% increase from its July historic bottom. Its market capitalization has climbed back over the psychological $1 billion mark, making it the 68th-largest cryptocurrency.

X user OxNeena noted that the token is holding a key support zone around $0.09-$0.10 after a long consolidation, foreseeing a major push above $0.30 if bulls reclaim $0.20.

Nakamoto Files and CT News also weighed in. The former claimed that “something is moving behind the scenes” at Pi Network, arguing that PI might be gearing up for a move that nobody expects.

“The ecosystem is evolving. The pieces are falling into place. Is the PI wave finally coming?” they asked.

For their part, CT News highlighted Bitcoin’s solid performance throughout August, adding that PI remains near the floor. In their view, if the next altcoin rotation reaches Pi Network, the token could move much faster than people expect.

“The sleeping giant may not stay asleep forever,” the X user added.

PI’s Relative Strength Index (RSI) supports the positive scenario. The ratio has plunged to nearly 30 on a weekly scale, suggesting that the coin is nearing oversold territory, which is typically seen as a buying opportunity.

Of course, not all are so optimistic. Crypto With Gopal opined that PI has formed a rising wedge, with price grinding higher within the formation and momentum compressed near the $0.095 resistance.

“A breakdown could send PI toward the $0.085 target. Bears are watching the wedge closely – short-term sentiment leans bearish,” he estimated.

Burning Mechanism on the Way?

Lately, there has been growing speculation that the controversial crypto project is on the verge of integrating a burning program that could reduce the token’s supply and positively impact the price. Recall that years ago, the meme coin Shiba Inu implemented such a mechanism, and since then the team and community have burned over 410.8 trillion units.

According to the X account BSCN, there is little chance that Pi Network will run such an extensive burn program. PiNews360 also rejected the possibility, saying:

“Pi Network is never going to burn tokens from its 100 billion PI total supply. Pi is never going to be 100% mined; it will take hundreds of years to fully mine. Pi is going to be successful as a long-term project because of its simple mobile mining technology and its growing ecosystem.

Pi is going to become one of the most widely used cryptocurrencies for day-to-day activities, developing in parallel with AI. Pi is going to be a tough competitor to BTC, ETH, and XRP. The day Pi starts burning its token supply could be the beginning of Pi’s collapse, due to the failure of its inclusive model for a massive community.”

The post Top Pi Network Price Predictions as PI Rises 13% in a Month appeared first on CryptoPotato.

Arthur Hayes, the chief investment officer of crypto family office Maelstrom, said in an essay published Thursday that traders should stop paying attention to Fed Chair Kevin Warsh’s hawkish comments and instead watch the euro-yen exchange rate for early signs of fresh dollar liquidity.

He argued that mounting funding stress at French banks will eventually force the Federal Reserve to print money to keep the US repo market working, a dynamic he sees as bullish for Bitcoin and the wider crypto market.

Hayes Points to EUR/JPY as His Liquidity Gauge

Hayes said EUR/JPY, trading near 185 at the time of writing, will fall to 140 or lower by next June. He tied that forecast to Treasury Secretary Scott Bessent’s effort to weaken the euro and strengthen the currencies of US allies in Asia, meant to make American exports more competitive.

Rather than let Japan, South Korea, and Taiwan sell their dollar holdings outright, Hayes said the plan is to route that capital through the Fed’s FIMA repo facility, and he noted Bessent has already sold euros for yen through the Treasury’s Exchange Stabilization Fund.

The bigger risk, in his view, sits with French banks. He named BNP Paribas, Credit Agricole, and Societe Generale, which together handle roughly a fifth of US repo lending, and pointed to widening French government bond spreads and capital leaving French banks as signs that foreign lenders are pulling back.

If those banks retreat from repo lending, Hayes expects the New York Fed to lean harder on its RPM program, which already buys 39% of T-bill issuance, to keep the market funded.

That program has grown the balance sheet by about $22 billion a month since December, and Hayes said the pace could climb toward $100 billion if the Treasury steps up long-end bond purchases too.

He dismissed Warsh directly, writing, “I don’t pay attention to anything Warsh says.” Maelstrom’s portfolio, he added, keeps Bitcoin at its core long-term holding with year-end 2026 price targets of $10,000 for ETH and $0.50 for ENA.

A Hawkish Fed and a Choppy Bitcoin

Hayes’ essay comes about a week after Warsh’s hawkish Jackson Hole speech, which hit Bitcoin hard.

As CryptoPotato reported then, the OG cryptocurrency dropped by $3,000 within hours of that address, slipping under $77,000 after Warsh said the Fed’s 2% inflation target was “firm and fixed” and downplayed recent encouraging inflation data. Rate-hike odds for September then jumped from about a third to roughly 60% in the aftermath.

Bitcoin has stayed choppy since, with the asset turned away from $79,000 more than once before another leg down pushed it under $76,500, the lowest level in ten days, after renewed US-Iran strikes rattled markets.

However, at the time of writing, it had clawed its way back up and was trading closer to $78,000 than $77,000, pushing its gains over the last 30 days to almost 22%.

The post Arthur Hayes Says Ignore Warsh and Watch EUR/JPY for Bitcoin’s Next Move appeared first on CryptoPotato.

[PRESS RELEASE – Road Town, Tortola, British Virgin Islands, September 3rd, 2026]

DWF Labs, an established, market-tested investor and market maker built to strengthen digital asset market infrastructure at scale, today announced an expansion of its global regulatory footprint with a group entity granted Virtual Asset Service Provider (VASP) regulatory approval from the British Virgin Islands Financial Services Commission (BVI FSC).

Granted under the BVI’s Virtual Assets Service Providers Act 2022, the approval authorizes DWF Labs as a registered VASP, to provide the exchange of one or more forms of virtual assets, as well as to participate in, and provide financial services related to an issuer’s offer and/or sale of a virtual asset.

The approval enables institutional clients access to DWF Labs’ integrated OTC trading and market making capabilities, including spot trading across thousands of digital assets and stablecoins, through a regulated BVI entity. It also strengthens the company’s ability to deliver investment, incubation and ecosystem development services to support token issuers and digital asset projects on a global scale.

The BVI has established itself as a leading jurisdiction for decentralized ledger deployments and structured real-world asset (RWA) tokenization. The territory now represents nearly 10% of the global tokenization US treasuries market, with $1.5 billion in distributed value. BVI-domiciled entities also facilitate more than $1.2 billion in active, circulating stablecoins – figures underpinned by more than 24,700 stablecoin asset holders and weekly transfer volumes of $694.1 million. These figures (Source: rwa.xyz treasuries and stablecoins) reflect the strength of both the regulatory and market infrastructure DWF Labs is now positioned to operate within.

Heng Lee, Managing Director and Partner at DWF Labs said, “The Virtual Asset Service Provider (VASP) approval from the British Virgin Islands Financial Services Commission (BVI FSC) is a key step in responsibly expanding and delivering DWF Labs’ regulated digital asset services to international institutional clients.”

“As the digital asset market and industry continue to mature, and adoption increases, this addition to our regulatory framework will enable us to deliver a broader range of solutions, products, and services, while reinforcing our focus upon transparency and governance.”

DWF Labs will continue to expand its regulatory footprint across key global markets, supporting its international growth strategy and commitment to operating within robust regulatory frameworks.

About DWF Labs

Established in 2022, DWF Labs is an investor and market maker, focused on giving builders the capital, liquidity, expertise, and partnerships needed to take ideas from concept to scale. DWF Labs is among the world’s largest high-frequency digital asset trading organizations, active on more than 80 centralized and decentralized exchanges. The firm supports over 20% of CoinMarketCap’s Top 100 projects and 35% of its Top 1,000, and has worked with more than 1,000 blockchain companies across Layer 1 and Layer 2 networks, DeFi, gaming, AI, payments, infrastructure, and tokenization.

The firm’s work is organized across four business lines: Liquidity (institutional market making and liquidity provision), Investment and Incubation (strategic capital and token advisory for emerging projects), Ecosystem Development (go-to-market support), and OTC and Structured Markets (tailored trading solutions for institutions, funds, and protocol treasuries). DWF Labs also founded and incubated Falcon Finance, a synthetic dollar and universal collateralization protocol.

DWF Labs operates a globally distributed team on a 24/7/365 basis.

For more information, visit www.dwf-labs.com, or follow DWF Labs on X, LinkedIn, and Telegram.

The post DWF Labs Expands Global Regulatory Footprint with BVI Virtual Asset Service Provider Approval appeared first on CryptoPotato.

The trending altcoin PONS, which saw the light of day earlier this summer, hit a new all-time high and just entered the prestigious club of the 100 largest cryptocurrencies by market capitalization.

Here’s what triggered its additional rally and some of the most interesting predictions for the near future.

PONS Keeps Pumping

The cryptocurrency market has a habit of spewing tokens that stun industry participants with rapid price increases. The latest example is PONS, which is closely connected to Robinhood Chain and began trading in mid-July.

Over the past two weeks, its valuation has skyrocketed by nearly 1,300% and is now hovering at a record high of around $0.55 (per CMC). PONS’s market capitalization is approximately $395 million, making it the 98th-largest cryptocurrency.

The most recent jump was likely triggered by Binance, which added the token to its Binance Alpha section. The platform serves as an early-stage discovery hub, featuring emerging cryptocurrencies before they potentially receive official backing.

The impressive performance has caught the attention of numerous industry participants. X user Crypto Tony, for instance, claimed that PONS “will no doubt” hit the $1 billion market-cap milestone “soon.”

Meanwhile, some traders and investors have already tried their luck with the token, but not all have been successful. As CryptoPotato reported, an anonymous person purchased nearly 8 million PONS roughly a month ago for about $443,000. Shortly after, the token pulled back, and the investor decided to minimize the damage by selling their entire position, incurring a $308,000 loss. This turned out to be an emotional and irrational move since the stash is currently worth over $4 million.

Surpassing the Leaders on This Front

Besides being a standout performer today (September 3), PONS is also the number-one trending cryptocurrency (according to CoinGecko). It has dwarfed popular altcoins like Arbitrum (ARB), Uniswap (UNI), Hyperliquid (HYPE), and others, while the heavyweights Bitcoin (BTC) and Ethereum (ETH) have not even made the top 10 list.

The post Viral Altcoin Enters Crypto’s Top 100 Club Following Support From Binance: Details appeared first on CryptoPotato.

Following the latest escalation in the Middle East war, bitcoin’s price dipped toward $76,000 yesterday for the first time in almost two weeks before rebounding today.

Most larger-cap alts have posted some gains over the past day, with XRP climbing to over $1.35 and BNB tapping $700. ETH still fights for $2,400.

BTC Rebounds

The breakout from a couple of weeks ago drove the primary cryptocurrency from under $65,000 toward $80,000 within days. After hitting some resistance there at first, BTC finally managed to surge past that level last week, jumping to $81,200 and $81,500 on a couple of occasions.

However, the bulls were too exhausted and couldn’t continue driving the asset north. Instead, bitcoin dropped to $77,000 last Friday after Kevin Warsh’s hawkish speech at Jackson Hole.

Nevertheless, the cryptocurrency managed to recover some ground during the weekend and touched $79,000 on Sunday. It dipped back down to $77,000 on Monday after the strikes in the Middle East resumed, rebounded to $79,000 and closed the month in the green, and dropped once again yesterday to $76,200 – its lowest price tag in 10 days.

Nevertheless, that level provided the necessary support, and BTC now trades close to $78,000. Its market capitalization on CMC is up to $1.560 trillion, while its dominance over the alts stands still at 59.6%.

ARB Rockets

Arbitrum’s native token is today’s top performer, having surged by 18.5%. It now trades close to $0.14 after a 50% increase in the past week. NIGHT is next with an 11.5% pump, followed by CAKE (9%), APT (9%), LIT (8%), and PYTH (6.5%).

SUI and ADA have surged the most from the larger caps, both up by over 6% to $0.21 and $0.77. XRP has reclaimed the $1.35 support after a 2.7% daily increase. ETH fights for $2,400, while BNB is slightly above $700. SOL is back to $100, while TRX is up by just over 1%. In contrast, UNI has slumped by 6.5% after its recent rally, while SKY is down by almost 6%.

The total crypto market cap is up by $20 billion to $2.620 trillion on CMC.

The post ARB Skyrockets by Double Digits Again, BTC Recovers From Drop to $76K: Market Watch appeared first on CryptoPotato.