Lutnick's error may strain U.S.-Iran relations, reducing optimism for peace talks and impacting diplomatic engagement prospects.

The post US Commerce Secretary Lutnick apologizes for Iran war casualty error appeared first on Crypto Briefing.

The US investment in Brazil's rare-earth mining could diversify global supply chains, reducing geopolitical risks and dependency on China.

The post US government backs $2.8B rare-earth mine deal in Brazil to break China’s grip on critical minerals appeared first on Crypto Briefing.

Meta's AI investment could reshape tech landscapes, potentially sparking industry-wide shifts in cloud services and competitive dynamics.

The post Meta’s AI initiatives could drive next trillion-dollar phase by 2027 appeared first on Crypto Briefing.

Escalating military actions in the Strait of Hormuz heighten geopolitical tensions, potentially impacting global oil markets and regional stability.

The post 60 targets struck, 18M barrels of oil protected: The US military’s record day in the Strait of Hormuz appeared first on Crypto Briefing.

The accord may boost AI innovation by reducing regulatory barriers, but it risks insufficient oversight, potentially leading to ethical concerns.

The post US strikes light-touch AI regulation accord with G20 members 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.

The US Federal Bureau of Investigation (FBI) seized Hamas-linked fundraising infrastructure and used it to intercept cryptocurrency donations intended for the group.

Earlier this week, the Justice Department said the operation followed earlier court-authorized seizures that traced and recovered more than $560,000 in digital assets tied to Hamas fundraising.

Those seizures came through warrants issued in March, June and October 2025 after investigators followed rotating donation addresses distributed through encrypted chats and fundraising websites.

The June warrant showed how that process worked. Tether was ordered to burn targeted USDT and reissue an equivalent amount to a US law-enforcement-controlled address, while Binance was directed to transfer specified account balances into FBI-controlled wallets.

That approach allowed investigators to recover crypto after identifying where it had moved.

Special Agent in Charge Justin A. Garris of the FBI Albuquerque Field Office said:

“Reducing the capabilities of foreign terrorist organization's ability to receive donations and creating distrust in communications to their donors was the primary focus of this latest operation. This continued success demonstrates the unwavering commitment and determination of the FBI in fighting terrorism.”

FBI moved from tracing funds to intercepting them

Investigators targeted domains and servers linked to AlQassam.ps, a website the DOJ tied to the Al Qassam Brigades, Hamas’ military wing.

Affidavits filed in July and August said authenticated responses from fund@alqassam.ps were routed through host.alaqsaflood.org, helping investigators connect fundraising communications to related infrastructure.

The FBI’s Albuquerque Field Office then worked with human sources to identify and seize domains and servers associated with the operation.

Control of that infrastructure changed the scope of the investigation. DOJ said agents were able to intercept crypto donations intended for Hamas and obtain additional information about people attempting to contribute.

That turned the case from a retrospective tracing effort into an active disruption operation.

DOJ said the broader investigation produced information about thousands of people who contacted Hamas online seeking to donate through cryptocurrency or traditional payment methods. The department did not specify how much of that information came directly from the seized servers.

The disclosure also does not establish that every person identified completed a donation or committed an offense.

However, this shows how several enforcement tools converged: blockchain tracing identified the money, court orders moved assets through centralized crypto providers, and infrastructure seizures gave investigators control over the fundraising channels themselves.

The post How FBI turned Hamas’ crypto fundraising pipeline into a law-enforcement trap appeared first on CryptoSlate.

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.

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.

TLDR

• MSFT stock slipped below $500 as investors reassessed Microsoft’s rising AI infrastructure costs and future returns.
• Microsoft spent about $41 billion on capital expenditure in its fiscal fourth quarter, with much of it tied to AI hardware.
• An Outlook outage added fresh pressure after thousands of users reported service disruptions beginning August 31.
• Microsoft continues expanding data-center capacity through major cloud agreements and greater use of NVIDIA and AMD processors.
• Competition from Alphabet, Amazon and Meta remains intense, increasing pressure on Microsoft to turn AI spending into stronger revenue and profits.

Microsoft (MSFT) stock moved below $500 as investors weighed rising infrastructure costs, service reliability concerns, and growing competition in artificial intelligence. MSFT stock remains supported by Azure, enterprise software, and AI demand, but the scale of spending has become a central issue for the market.

Microsoft Corporation, MSFT

MSFT Stock Faces Pressure Below $500

Microsoft shares lost momentum after failing to hold above $500 following a recent rebound. The level has become a technical and psychological area as traders assess whether the company can support its valuation while funding a large expansion in cloud and AI capacity.

Microsoft spent about $41 billion on capital expenditure during its fiscal fourth quarter, including $5.6 billion through finance leases. Roughly two-thirds went toward processors, GPUs, and other AI-related equipment. Operating cash flow reached $55.4 billion, while free cash flow stood at $19.6 billion.

Outlook Outage Adds Scrutiny

Microsoft also faced a widespread Outlook outage that affected thousands of users. The disruption began on August 31, and Downdetector recorded more than 6,000 reports at the peak. Microsoft said an authentication component contributed to the service problem.

The outage does not change the company’s financial position, but it arrived while investors were already watching the scale and reliability of Microsoft’s technology network. Cloud and software services remain central to the company’s revenue base and long-term growth plans.

AI Spending Keeps Rising

Microsoft continues to expand data-center capacity and secure access to processors from NVIDIA and AMD. Its participation in a $9.7 billion cloud agreement with IREN shows how much capital the AI build-out requires.

The company also approved Horizon 1, the first quarter of IREN’s planned 200MW deployment. These projects could support Azure growth, but investors are watching whether customer demand and AI pricing can produce enough revenue to match the higher cost base.

Competition Tests Microsoft’s Returns

Morgan Stanley has raised concerns about hyperscaler credit quality and the gap between AI infrastructure spending and revenue. That issue matters for MSFT stock because advanced AI services require ongoing spending on processors, networking, power, and data centers.

Microsoft has also expanded its work with AMD to reduce reliance on NVIDIA and improve hardware flexibility. Even with more suppliers, the company still faces heavy capital needs. Alphabet, Amazon and Meta are spending aggressively as well, increasing pressure on Microsoft to show returns from Copilot, Azure and other AI products.

The post Microsoft (MSFT) Stock Breaks $500 as Spending Fears Grow appeared first on Blockonomi.

Key Takeaways

• Jefferies launched coverage of Cameco (CCJ) with a Buy recommendation and set a $138 price objective (C$190 per share)
• Shares of CCJ jumped 3.4% on Thursday in response to the positive analyst initiation
• The investment firm simultaneously started coverage on BWX Technologies (BWXT) with a Buy rating and $181 target
• Wellington Management disclosed a new position of 2.09 million CCJ shares during the second quarter, worth roughly $212.9 million
• The company’s second-quarter results disappointed, with earnings of $0.13 per share falling short of the $0.26 analyst expectation

Shares of Cameco (CCJ) advanced 3.4% during Thursday’s session following a favorable initiation by Jefferies, which assigned a Buy recommendation alongside a $138 price objective, equivalent to C$190. Laurence Alexander, the analyst covering the stock, emphasized Cameco’s standing as a leading global supplier of uranium fuel as a primary rationale for the optimistic stance.

Cameco Corporation, CCJ

Alexander identified accelerating demand for nuclear energy as the fundamental catalyst propelling the industry forward. He highlighted that over 30 nations have committed to tripling their nuclear generation capacity by mid-century, while major technology companies are securing long-term power agreements to support artificial intelligence data centers.

“With operational excellence and a robust financial position, Cameco stands out as, in our assessment, an ideal beneficiary of Western nuclear expansion,” Alexander stated in his research note.

The investment firm’s valuation methodology employed a sum-of-the-parts framework. Jefferies assigned $63 per share to upstream operations, $11 per share to conversion facilities, $7 per share to undeveloped assets and corporate functions, and $51 per share to Cameco’s strategic Westinghouse collaboration with the federal government.

BWX Technologies (BWXT) similarly benefited from Jefferies’ coverage launch on Thursday, rising 1.2% after receiving a Buy designation with a $181 price objective. Alexander underscored BWXT’s unique position as the exclusive provider of naval nuclear reactor parts and fuel for America’s fleet.

The firm anticipates BWX Technologies will achieve annual sales growth of 6% to 7% and earnings per share expansion of 13% to 17% extending through the decade’s end.

Major Funds Increase Positions

Wellington Management Group established a fresh stake in Cameco throughout the second quarter, accumulating 2.09 million shares with an approximate value of $212.9 million. This transaction provides Wellington with roughly a 0.48% ownership interest.

Additional institutional players have similarly expanded their allocations. Temasek Holdings initiated a new holding during the first quarter worth $70.9 million. Sumitomo Mitsui Trust Group expanded its investment by 35.2%, while Janus Henderson Group more than doubled its stake with a 102.3% increase. Institutional ownership in Cameco currently represents 70.21% of outstanding shares.

Recent Financial Results Disappoint

Contrary to the favorable analyst sentiment, Cameco’s latest quarterly performance fell short of expectations. The uranium producer delivered second-quarter earnings of $0.13 per share, significantly trailing the consensus forecast of $0.26. Total revenue reached $573.1 million, representing a 6.8% year-over-year decline and narrowly missing the $579.6 million projection.

This marks a substantial decrease from the $0.71 per share reported in the corresponding period one year earlier.

Wall Street analysts collectively forecast Cameco will generate $1.27 in earnings per share for the complete fiscal year.

The overall analyst community maintains a positive outlook on the shares. Thirteen research firms have assigned Buy recommendations to CCJ, while five rate it as Hold, producing a “Moderate Buy” consensus rating. The mean price target among analysts stands at $145.68.

Truist Financial elevated its price objective to $130 this past August while maintaining its Buy stance. Bank of America made a minor adjustment, reducing its target from $143 to $140 while preserving a Buy rating. Scotiabank continues with an Outperform designation and a $175 target.

CCJ trades within a 52-week band of $73.20 to $135.24, with shares positioned around $98.75 ahead of Thursday’s upward movement.

The post Jefferies Gives Cameco (CCJ) Stock a Buy Rating With $138 Price Target appeared first on Blockonomi.

TLDR

• Nvidia buys Hugging Face for $12.93B to deepen its reach across AI development.
• Hugging Face will remain open, multi-cloud, and independent of Nvidia hardware.
• The deal gives Nvidia access to more than 18 million developers and researchers.
• Hugging Face hosts over 3 million models, 500,000 datasets, and 1 million apps.
• Nvidia stock gained 1.38% to $227.51 as markets assessed the strategic deal.

Nvidia (NVDA) agreed to acquire Hugging Face for $12.93 billion, expanding its position across artificial intelligence development and computing infrastructure. The deal connects Nvidia’s hardware capabilities with one of the world’s largest open-source artificial intelligence development platforms. Meanwhile, Nvidia stock rose 1.38% to $227.51 after recovering from earlier weakness during the trading session.

NVIDIA Corporation, NVDA

Nvidia Adds Hugging Face’s Large Developer Network

Hugging Face provides tools that developers use to build, test, share, and deploy artificial intelligence models. The platform currently serves more than 18 million developers, researchers, creators, and other technology professionals worldwide. It also supports artificial intelligence deployment across more than 200,000 organizations operating in several industries.

The platform hosts more than three million artificial intelligence models and approximately 500,000 open datasets. It also provides access to about one million applications created through its growing development ecosystem. Nvidia gains direct exposure to a large community that already builds and distributes artificial intelligence products.

Nvidia has expanded beyond graphics processors as demand for artificial intelligence infrastructure has accelerated globally. The company now supplies computing systems, networking technology, software, and development tools for artificial intelligence workloads. Acquiring Hugging Face adds another major platform connecting developers with models, datasets, applications, and deployment services.

Hugging Face Will Maintain Platform Independence

Nvidia plans to keep Hugging Face operating under its existing brand after completing the acquisition. The company also intends to preserve the platform’s open structure and support for several computing environments. As a result, developers can continue choosing different frameworks, cloud providers, inference engines, and hardware systems.

Hugging Face users will not need Nvidia hardware when building or deploying applications through the platform. Instead, the service will continue supporting multiple infrastructure providers across its existing ecosystem. That structure maintains Hugging Face’s role as a broad development hub rather than an Nvidia-only distribution platform.

The agreement also keeps Hugging Face’s existing leadership team in place following the transaction. Co-founders Clem Delangue, Julien Chaumond, and Thomas Wolf will continue leading the company’s operations and development strategy. Their continued leadership provides operational continuity while Nvidia expands the platform’s global scale and technical resources.

Nvidia Deepens Existing Open-Model Partnership

Nvidia already maintains a significant presence across Hugging Face’s model and dataset ecosystem. The chipmaker has published more than 500 open-weight models through the platform during their existing partnership. Nvidia has also contributed more than 250 datasets that developers can use for artificial intelligence development.

That relationship gave both companies an established foundation before Nvidia agreed to purchase the platform. Nvidia can now combine Hugging Face’s developer reach with its own engineering capabilities and computing infrastructure. The combination expands Nvidia’s influence across both artificial intelligence hardware and the software development process.

The acquisition follows Nvidia’s broader push to capture more parts of the artificial intelligence technology stack. Its processors already power many systems used for training and running large artificial intelligence models. Hugging Face now adds a major development ecosystem connecting those models with millions of users and organizations.

The post Nvidia (NVDA) Stock: Surge as $12.93B Hugging Face Acquisition Expands AI Dominance appeared first on Blockonomi.

Key Highlights

• Shares of Oracle have declined 25% in 2024 and 36% over the trailing 12-month period
• The company reports quarterly results on September 10
• Jefferies reduced its price objective to $290 from $320 while maintaining a positive stance—implying nearly 100% upside from current levels of $145.75
• Fiscal 2026 revenue increased 17%, with cloud services revenue surging 39%
• The company’s total debt of $129.5 billion remains a significant investor concern

Oracle (ORCL) shares are currently trading at $145.75, reflecting a 25% decline year-to-date and a 36% drop over the past year. The stock has plummeted approximately 57% from its 52-week peak of $345.72.

Oracle Corporation, ORCL

This steep decline has occurred even as Oracle posted 17% revenue growth in fiscal 2026. The cloud division drove performance with impressive 39% expansion, surpassing the software business to become the primary revenue contributor.

Market participants have grown increasingly concerned about Oracle’s leverage and capital commitments. Total borrowings reached $129.5 billion as of May 31, a substantial increase from $92.6 billion in the prior year. The company invested $55.7 billion in capital expenditures over the past year as it expands AI data center infrastructure.

Additionally, Oracle has approximately $260 billion in off-balance-sheet data center obligations—roughly triple its anticipated fiscal 2027 capex.

The company’s backlog has expanded rapidly. From last September to now, it has grown from $455 billion to $638 billion. Oracle has accumulated $183 billion in new order backlog since September 9 of last year, compared to $138 billion at that time.

A substantial portion of initial investor enthusiasm stemmed from a $300 billion multi-year partnership with OpenAI announced previously. However, market confidence in this arrangement has weakened amid concerns about OpenAI’s capacity to fulfill its financial commitments.

Jefferies Maintains Constructive View on Risk/Reward Profile

Analysts at Jefferies, under the leadership of Brent Thill, lowered their price objective to $290 from $320 while preserving a constructive perspective. They contend that most negative factors are already reflected in the current valuation, characterizing sentiment as “near peak negative.”

From the current price of $145.75, Jefferies’ target implies potential appreciation of nearly 100%. The firm characterized the shares as “overly beaten down” with an attractive risk/reward dynamic.

Quarterly revenue expansion accelerated from 12% to 21% throughout the fiscal year concluded in May 2026. Book value more than doubled from approximately $21 billion a year earlier to $43.1 billion.

Oracle’s price-to-earnings multiple stands at 25, modestly below the S&P 500 average of 30. This provides potential for multiple expansion should investor sentiment improve.

Depressed Software Names Drawing Renewed Interest

Oracle isn’t the only software company facing headwinds, but it may be particularly well-positioned for recovery. Salesforce (CRM) rallied more than 20% following its earnings release. Elastic (ESTC) and Okta (OKTA) experienced comparable upward moves. Snowflake surged 24% in pre-market trading Thursday after reporting fiscal second-quarter numbers.

This trend of battered software stocks rallying sharply on quarterly results is bringing increased attention to Oracle before its September 10 announcement.

Jefferies acknowledges persistent challenges remain. Capital expenditures continue to escalate while free cash flow stays in negative territory, and the company’s credit ratings face potential pressure.

Oracle is scheduled to announce earnings on September 10.

The post Oracle (ORCL) Stock Plunges 36% in 12 Months—But Analysts Project Nearly 100% Upside appeared first on Blockonomi.

Key Takeaways

• ChargePoint shares rallied 18.3% to $6.14 in premarket hours following a fiscal Q2 earnings beat.
• Quarterly revenue reached $116 million, representing an 18% year-over-year increase and surpassing the $105 million consensus forecast.
• The company posted an adjusted loss per share of $1.35, significantly better than the anticipated loss of $1.60.
• Non-GAAP gross margin expanded to 38%, reflecting a 600-basis-point improvement from the previous quarter.
• Management issued Q3 revenue guidance ranging from $105 million to $115 million.

Shares of ChargePoint climbed to $6.14 during Thursday’s premarket session on September 3, marking an 18.3% gain from Wednesday’s closing price of $5.19. The rally followed the electric vehicle charging company’s fiscal Q2 2027 results that exceeded Wall Street projections on both revenue and earnings metrics.

ChargePoint Holdings, Inc., CHPT

For the quarter that concluded on July 31, 2026, the company generated $116 million in revenue. This figure surpassed analyst expectations of approximately $105 million and represented an 18% growth rate compared to the year-ago quarter.

Regarding profitability metrics, ChargePoint delivered an adjusted loss per share of $1.35. Wall Street had projected a loss of $1.60 per share, meaning the company outperformed estimates by $0.25.

While this quarter demonstrated solid execution, CHPT shares remain under pressure over longer timeframes, declining approximately 28% during the past three months and more than 51% year-over-year. Even with Thursday’s premarket surge to $6.14, the stock trades substantially below its 52-week peak of $12.61.

Margin Expansion Continues

ChargePoint achieved a non-GAAP gross margin of 38% during the quarter. This represents a 600-basis-point sequential improvement from Q1 and a 500-basis-point expansion versus the prior-year period.

One important caveat: the 38% figure incorporates a one-time tariff refund totaling $4.2 million. Excluding this benefit, the adjusted gross margin would be approximately 35%.

The company also recorded an adjusted EBITDA loss of $5 million during the quarter.

The steady improvement in gross margin represents one of the most encouraging aspects of the report. The progression from the low-30% range toward the upper-30s in recent quarters demonstrates operational momentum, though the company remains unprofitable overall.

Leading up to this earnings release, ChargePoint received three upward EPS estimate revisions and no downward adjustments over the preceding 90 days. This positive revision trend created relatively constructive expectations heading into the announcement.

Forward Outlook

For the current quarter, management projected revenue between $105 million and $115 million. While this range sits modestly below Q2’s $116 million result, it aligns closely with prevailing analyst forecasts.

The guidance implies continued expansion, though the sequential decline warrants monitoring in upcoming quarters.

According to InvestingPro, ChargePoint’s financial health assessment indicates “weak performance,” a reflection of persistent losses and the company’s cash consumption rate.

Industry competitors including Blink Charging and EVgo provide relevant comparison points as they compete in the EV charging infrastructure market.

Broader equity markets exhibited minimal movement Thursday morning, with the S&P 500 trading flat and the Nasdaq slightly negative, indicating CHPT’s premarket rally was driven primarily by company-specific factors.

Despite Thursday’s positive momentum, the stock’s 52-week high of $12.61 remains substantially above current trading levels.

The post ChargePoint (CHPT) Stock Rockets 18% After Crushing Q2 Earnings Expectations 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.