Xi's CEO delegation signals potential for renewed US-China business ties, impacting trade stability and political narratives amid global tensions.

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Tesla's milestone in unsupervised robotaxi miles highlights the potential for rapid expansion in autonomous services, impacting urban mobility.

The post Tesla crosses 1 million unsupervised robotaxi miles appeared first on Crypto Briefing.

Sage's challenge lies in balancing a newly rebuilt squad while competing on multiple fronts, testing his strategic adaptability and resilience.

The post Crystal Palace manager Pierre Sage navigates chaotic transfer window appeared first on Crypto Briefing.

The Demacia Cup's global expansion fosters cross-regional rivalries, enhancing competitive diversity and narrative depth in esports.

The post LCK’s three teams reportedly set for 2026 Demacia Cup Global Invitational appeared first on Crypto Briefing.

Rising yields and reduced demand for US Treasuries could escalate borrowing costs, impacting government budgets and broader economic stability.

The post US Treasuries face reduced demand from long-term investors amid rising yields appeared first on Crypto Briefing.

Bitcoin Magazine

Bitcoin Bear Market May Not Yet Be Over, Says Fidelity 

Bitcoin may be rallying but that doesn’t mean the bear market is over. Not yet, anyway. 

A new report from asset manager Fidelity said that while bitcoin was behaving like it did in previous cycles, it could still hit a bottom in November. 

Bitcoin started rallying in mid-August after the U.S. Treasury Department said it would more than double the size of its government debt repurchases. The asset’s price recently stood at close to $81,639, up nearly 30% over a 30-day period. 

Some have since argued that bitcoin is out of its bear market. The coin touched a record high in October last year, hitting $126,080. 

“Given bitcoin’s recent performance, the bottom could already have occurred in July,” Chris Kuiper, Vice President of Research at Fidelity Digital Assets, wrote. 

“It could also drop again to make another new low in November or later,” he continued, adding that bitcoin cycles have historically not been precisely four years long, so they “aren’t reliable for timing the market.” 

Throughout most of June and July, bitcoin’s volatility was particularly muted, and the coin traded below $65,000. 

But that all changed in August after the Treasury Department’s announcement, which has since brought the so-called debasement trade back in the picture again. 

To get an idea of where bitcoin moves next, Kuiper argued that investors should pay attention to what happens with the crypto Clarity Act. Proponents argue it could provide “greater regulatory certainty and support continued innovation in the U.S. digital asset ecosystem,” he wrote. 

President Donald Trump in August urged lawmakers to get the long-awaited crypto market structure bill over the line, helping spur bitcoin’s run. The president called the draft “very, very powerful” after meeting with crypto industry bigwigs at the White House. 

The digital asset industry has long called for clear rules on how regulators should treat bitcoin, stablecoins and other cryptocurrencies. 

Lawmakers will vote on the bill this month. 

This post Bitcoin Bear Market May Not Yet Be Over, Says Fidelity  first appeared on Bitcoin Magazine and is written by Mathew Di Salvo.

Bitcoin Magazine

Bitcoin-Gold Correlation Hits Six-Year High as Debasement Fears Mount

Bitcoin’s correlation with gold is at its highest in six years as investors increasingly look for ways to hedge against currency debasement. 

That’s according to a new report from Bitwise, which this week pointed out that the precious metal and leading cryptocurrency are trading in lockstep because the U.S. government has “materially intervened in the macro picture.” 

Bitcoin started surging last month, after the U.S. Treasury Department said it would more than double the size of its government debt repurchases. The coin had its best run in three years and third best August ever. 

“The last time the bitcoin-gold correlation was that high was in 2020, following the rounds of fiscal and monetary stimulus during the Covid crisis,” Bitwise’s European Head of Research, André Dragosch, wrote. 

He added that bitcoin’s correlation with the stock market dropped to a one-year low, “implying some kind of decoupling between hard assets and the stock market.”

Bitcoin has been pushed as “digital gold” for years but has sometimes traded with tech stocks as a “risk-on” asset. 

But the so-called debasement trade — when investors buy an asset as a way to hedge against a currency losing value — was a much-talked about investment strategy last year and appears to be back. 

The reason is down to the government intervening in markets, Dragosch argued. When the Treasury said it would try to rein in long-term borrowing costs, the dollar’s value slid and sent investors flooding back to gold — and bitcoin. 

The Treasury the same week also said the U.S. public debt exceeded $40 trillion for the first time. Excessive debt also undermines confidence in the dollar. 

“Investors are no longer asking whether to hedge currency debasement with gold or bitcoin. They’re simply hedging with both,” the report added. 

“Bitcoin spent its first fifteen years being priced as a risk asset. If this correlation trend with gold holds, the next fifteen may look very different.”

The leading cryptocurrency again rallied this week, and was recently trading for close to $81,438 after jumping nearly 6% over a 24-hour period. 

This post Bitcoin-Gold Correlation Hits Six-Year High as Debasement Fears Mount first appeared on Bitcoin Magazine and is written by Mathew Di Salvo.

Bitcoin Magazine

French Hill Eyes Bipartisan Path for Clarity Act Ahead of September Vote

U.S. congressman French Hill expressed the importance of bipartisan support to get the long-awaited crypto market structure bill, the Clarity Act, over the line before the midterms. 

The lawmaker told Fox Business Thursday that Democrats and Republicans have come to “narrow their differences in getting the bill drafted. 

Pro-crypto lawmakers were hoping the Clarity Act passed before Congress departed for August recess. After a delay, a vote will now go ahead on September 15. 

“Can Democrats work with Republicans and make sure America leads the world in distributed ledger technology and financial services?” Hill said. 

“This one remaining significant issue is the ethics provision, and that is best solved by passing the legislation because everybody — no matter what family they belong to, the Trumps or not — would then be under a regulatory framework fully scrutinized by the United States government in commodity and securities and banking regulators,” he added. 

The Clarity Act was first introduced by Hill, the House Financial Services Chairman, last year. 

Crypto companies have long called for clear regulations for the industry. The Clarity Act drafts a framework to formally divide oversight between regulators, distinguishing which digital assets are securities, commodities or stablecoins. 

The House of Representatives passed the bill last July but it has been stalled this year, mostly because the banking lobby clashed with crypto companies over paying customers stablecoin yield. 

A new draft tackling the issue of ethics started circulating in July. It bans government officials from promoting or making money from crypto — something Democrats have criticized the Trump family for doing. 

A group of Democrats said the bill fell short and wanted amendments. Some were accused of deliberately holding it back by Republicans like Cynthia Lummis. 

Some have praised the bipartisan work that has already gone into the bill, namely Coinbase, America’s biggest crypto exchange. The company’s Chief Policy Officer, Faryar Shirzad, said in July that while some Democratic lawmakers were holding back the long-awaited legislation, younger Democrats wanted to pass it. 

President Donald Trump in August said that in order for the U.S. to remain the “undisputed leader in Bitcoin and crypto,” lawmakers had to pass the “very, very powerful legislation.” 

This post French Hill Eyes Bipartisan Path for Clarity Act Ahead of September Vote first appeared on Bitcoin Magazine and is written by Mathew Di Salvo.

Bitcoin Magazine

Kraken and SoFi Link Crypto Trading To Banking Rails

Payward, the parent company of crypto exchange Kraken, and fintech company SoFi Technologies on Thursday announced a deal to route SoFi customers’ crypto orders through Kraken’s institutional trading platform and list SoFi’s stablecoin on the exchange.

Under the agreement, SoFi will send its digital asset order flow to Kraken Prime, Kraken’s prime brokerage arm, which launched in 2025. 

Rather than filling trades against a single order book, Kraken Prime uses smart order routing to compare prices and depth across multiple venues and execute where the fill is best. SoFi said customers will see no change to the app itself.

Payward is also joining the SoFi Exchange Network, the bank’s real-time settlement system, and will list SoFiUSD — SoFi’s bank-issued stablecoin — on Kraken. 

Kraken Prime’s institutional and business clients will in turn gain access to SoFi’s business banking services and round-the-clock fiat settlement. The companies said qualified custody services would follow later.

SoFi holds a national bank charter and has 15.8 million members. The partnership is the latest in a series of tie-ups between Kraken and established financial firms, following arrangements with Deutsche Börse on foreign exchange and derivatives infrastructure, Nasdaq on a tokenized equities gateway, and Franklin Templeton on tokenizing exchange-traded funds.

The news comes after SoFi, a purely digital lender, last year became the first nationally chartered bank in the United States to launch crypto services for retail customers.

The company’s new SoFi crypto platform allows members to buy, sell and hold bitcoin directly within their bank accounts.

Kraken — like other crypto exchanges — is pushing into the traditional finance world, allowing users to trade stocks, bonds and other assets. The company has sold its app as a “primary account for everything.”

This post Kraken and SoFi Link Crypto Trading To Banking Rails first appeared on Bitcoin Magazine and is written by Mathew Di Salvo.

Bitcoin Magazine

Bitcoin Rallies Over $81,000 — And Brings BTC-Related Stocks With It

Bitcoin surged on Thursday — but industry-related stocks rose even quicker as a rally that started weeks ago again picked up steam. 

The price of the biggest cryptocurrency hit as high as $81,282 on Thursday morning in New York, a nearly 3% increase over a 24-hour period. 

Over the past 30 days, the bitcoin price has surged over 23% following both positive regulatory news and announcements from the U.S. Treasury Department regarding debt buybacks. 

But other major crypto company stocks rose quicker. Bitcoin treasury Strategy (NASDAQ: MSTR) was trading more than 13% higher on Thursday. The company on Monday resumed bitcoin buys after a 10-week pause to reshuffle its cash balance sheet. 

America’s biggest crypto exchange, Coinbase, also saw its stock shoot up. Nasdaq-listed COIN was trading 11% higher in the same time period. 

Elsewhere, bitcoin mining companies had a boost too. Top public companies in the space — including the Nasdaq-listed HIVE Digital, MARA, and CleanSpark — all were up on Thursday. 

HIVE Digital led the pack with a 13% jump, while MARA Holdings was up more than 10% on the day. 

Clean energy bitcoin miner CleanSpark jumped by 9%; IREN, which is slowly phasing out its mining operations to focus on AI-compute, was up by 4%. 

Bitcoin had a phenomenal run in August — its third best such month in its history — after the U.S. Treasury Department said it would more than double the size of its government debt repurchases.

The announcement, aimed to tame surging yields not seen in nearly 20 years, hurt the dollar but has benefited non-yielding assets like bitcoin and gold. 

Soon after, President Donald Trump urged lawmakers to get the long-awaited crypto Clarity Act over the line — digital asset legislation the industry has long called for. 

Investors rushed back into bitcoin exchange-traded funds as a result, throwing over $2.8 billion at the vehicles — the most since October, when the coin hit a new all-time high. 

Bitcoin had spent a lot of the year trading below $80,000 per coin, with June and July mostly below $65,000. The coin hit a new record of $126,080 in October. It is now nearly 40% below that number. 

This post Bitcoin Rallies Over $81,000 — And Brings BTC-Related Stocks With It first appeared on Bitcoin Magazine and is written by Mathew Di Salvo.

Australian crypto firms that need financial-services authorization have until Sept. 30 to enter a compliance pathway or risk enforcement.

This week, the Australian Securities and Investments Commission (ASIC) said qualifying digital-asset businesses must apply for or vary a license, become an authorized representative, notify the regulator of an intended market-license application or begin winding down before the deadline.

From Oct. 1, firms that require authorization but have not met the applicable conditions will lose the benefit of ASIC’s temporary no-action position. The regulator warned that breaches of financial-services law can carry civil and criminal penalties, including fines of up to 10% of annual turnover.

However, this deadline does not apply uniformly across the crypto sector.

Whether a business falls inside the regime depends on whether the digital asset or arrangement it offers qualifies as a financial product and what service the company provides. ASIC said that assessment turns on the rights, benefits, expectations and product features attached to each offering.

That makes Sept. 30 less a blanket licensing cutoff and more a deadline for firms to establish where they sit within the regulatory framework.

Firms must choose a path or step away

Businesses providing financial services involving digital assets that qualify as financial products can apply for an Australian Financial Services License, vary an existing license or operate through specified authorized-representative and related-company arrangements.

Market operators and clearing and settlement providers face a different route. They must notify ASIC in writing that they intend to apply and attend a pre-application meeting by Sept. 30, with a formal application due within 12 months.

Companies that do not want to enter the licensing system can wind down instead, but they must notify ASIC by the same deadline and stop the covered activity within the permitted period.

The no-action policy also excludes several products, including crypto lending and earn offerings, most digital-asset derivatives and certain non-cash payment facilities.

ASIC has already recorded more than 45 applications for relevant digital-asset financial-services authorizations since updating its guidance in October 2025.

The regulator originally set a June 30 deadline, then extended the transition by three months and broadened the available compliance routes.

That extension now appears to be the final buffer.

ASIC’s no-action letter does not declare the covered activity lawful or prevent courts and third parties from acting. It simply sets out when the regulator presently intends not to pursue enforcement.

The practical choice for qualifying firms is therefore narrowing quickly: enter the licensing system, restructure how they operate or leave the regulated activity behind before the reprieve expires.

The post Australia gives crypto firms until Sept. 30 to get licensed or risk enforcement appeared first on CryptoSlate.

The Commodity Futures Trading Commission (CFTC) asked a federal court on Sept. 2 to dismiss CME's challenge to Kalshi's Bitcoin perpetual contract.

The lawsuit turns on whether a contract without a fixed expiration belongs in the US futures regime. Before the court reaches that question, the regulator says CME must first show an injury the court can fix.

The Commodity Futures Trading Commission says CME is free to list a comparable digital commodity product, so the exchange cannot blame the regulator for competitive harm caused by its choice to stay out.

That threshold argument turns a dispute over one Bitcoin contract into a test of how perpetual-style futures can spread through regulated US markets.

Bloomberg reported discussions about Coinbase seeking a regulated route to selected contracts linked to prices on Hyperliquid. Kalshi is reportedly preparing to seek approval for a West Texas Intermediate crude-oil version.

Together, the examples trace a contract structure popularized in offshore crypto markets as it enters the American regulatory perimeter one venue and asset class at a time.

CryptoQuant data shows that global crypto perpetual-futures volume reached about $61.7 trillion in 2025, up 29% from the previous year, while spot trading totaled $18.6 trillion over the same period.

The CME case could shape how much of that activity US exchanges can pursue through the CFTC's futures framework.

The CFTC says CME can compete in Bitcoin perpetuals

CME sued the CFTC on June 18, seeking to overturn the agency's May 29 approval of KalshiEX's Bitcoin perpetual contracts and the accompanying policy statement. CME argued that a contract without a fixed expiration is a swap rather than a future under the Commodity Exchange Act.

The CFTC's motion said the relief CME seeks would fail to remedy the exchange's claimed competitive injury.

The agency added that CME may list similarly structured digital commodity perpetuals, characterizing any disadvantage from CME declining that opportunity as self-inflicted.

A judicial decision treating Kalshi's product as a swap would not necessarily remove competing exposure from the market because another venue might offer it under that classification. In the agency's view, a win for CME on that point would still fail to redress the alleged injury.

The current schedule gives CME until Oct. 2 to oppose the dismissal motion. A ruling on standing could leave the deeper line between futures and swaps unresolved.

The May 29 CFTC policy defined designated contract markets as those that could list similarly structured perpetuals tied to Bitcoin and digital commodities with deep, active, and continuous spot markets. Products outside that group were directed toward case-by-case review under Regulation 40.3.

The result is a faster path for qualifying digital commodity products and a separate review track for other assets. That distinction will matter as venues look from crypto toward energy and other established futures markets.

Coinbase's derivatives market page markets US perpetual-style futures with 24/7 trading and contract families tied to Bitcoin, Ethereum, XRP, and Solana.

The name “perpetual” covers different contract mechanics in the emerging US market. Coinbase's official help material describes the covered contracts as having five-year expirations, so they offer long-dated, continuously traded exposure, while a literal expiry-free contract requires different terms.

A June CFTC staff letter granted conditional relief for requests from Coinbase Derivatives and Bitnomial to remove expiration dates from existing digital commodity perpetual-style contracts that expired on June 30.

Regulated US perpetual-style crypto futures have moved from policy concept to operating category, even as the exact expiration mechanics vary by contract. CME's suit challenges the agency approach behind that change as rival venues adapt one of crypto's largest trading formats.

Hyperliquid would test an on-chain bridge

Hyperliquid and Payward are reportedly discussing a structure for registered US users. Payward subsidiary Bitnomial, a regulated derivatives venue, would offer selected contracts tied to token prices on Hyperliquid.

Payward completed its acquisition of Bitnomial in August, adding its US derivatives exchange and clearing infrastructure.

President Donald Trump supplied a political signal on Aug. 19, saying that his administration was working on a US route for Hyperliquid during a White House technology event.

A signed-off structure would test a bridge between a registered domestic venue and token prices formed in an on-chain market. Surveillance, market integrity, and the precise relationship between the venues would turn on the approved design.

Polymarket's international site shows live leveraged crypto perpetual markets, while Polymarket US is a separate platform. The international product demonstrates how quickly crypto-native venues are expanding the format, supplying global context.

Oil brings the model into traditional futures

In June, the CFTC requested public comment on 24/7 futures trading and perpetual contracts for storable, physically delivered energy commodities, including crude oil. That consultation placed the structure under active review in a longstanding futures market.

Kalshi is reportedly preparing a CFTC filing for a perpetual contract tied to WTI crude oil, potentially as soon as the following week.

A WTI proposal would follow the CFTC's case-by-case route. Its review would also confront the practical differences between a cash-referenced crypto contract and a market built around a physical commodity with established delivery infrastructure.

Perpetuals are being considered for a traditional commodity market where CME is an incumbent, placing the new structure closer to the core of established derivatives competition.

A quick CFTC victory on standing would preserve the agency's framework without a ruling on the futures-versus-swaps question. Other exchanges could read that result as support for proposing similar contracts, subject to the applicable listing or review process.

Continued litigation on the merits would put the statutory classification question before the court. A decision on whether a no-expiry contract can qualify as a future would create a clearer legal boundary, while the period before a ruling could complicate product planning.

Regulatory sign-off for selected Bitnomial contracts linked to Hyperliquid prices would test the on-chain bridge. Acceptance of a WTI perpetual would show the structure crossing into a traditional commodity.

The CFTC is now defending its approach in court while exchanges probe its limits, with perpetual-style products entering the regulated US market.

The next phase will depend on whether CME has standing, how a court classifies the Kalshi contract, which venues can meet the CFTC's conditions, and whether regulators allow the model to extend from digital commodities to on-chain prices and physical markets.

The post From Bitcoin to oil, perpetual contracts are breaking into American financial markets appeared first on CryptoSlate.

Bitcoin registered an intraday high above $82,000 on Sept. 3, pushing above the 50-week moving average that Galaxy Research says marked the definitive end of four of Bitcoin's five comparable completed bear markets.

Galaxy's signal requires a weekly close above that line, and the Sept. 3 push through it happened well before the week's close.

A historical signal with one real exception

Galaxy's framework treats the 200-week moving average as Bitcoin's historical bear market floor and the 50-week moving average as its ceiling, with the 50-week line currently sitting around $81,800.

In four of the five completed bear markets where Bitcoin fell below that ceiling, the first successful weekly reclaim marked the bottom.

The exception came in 2021 and 2022, when Bitcoin briefly reclaimed the level twice before falling to a fresh low.

Galaxy's drawdown accounting puts the current bear market's start near a $124,800 peak in October 2025 and its low near $58,500 at the end of June, a decline of roughly 53%.

More than a chart pattern

Bitwise's Sept. 1 research argues that Bitcoin's reclaimed price levels, combined with its Long-Term Holder Supply and Risk-On Transition models, point to a new bull market cycle already underway, provided those reclaimed levels hold.

That combination makes the bullish case broader than one technical line crossing another.

CryptoQuant analyst Darkfost said Sept. 2 that Bitcoin's apparent demand, a measure of whether fresh buying is absorbing newly available supply, briefly turned negative again after its short recovery earlier in August faded.

Wallets holding more than 100 BTC added roughly 60,000 BTC during that same month even as smaller holders sold, and Glassnode's data shows real spot participation and ETF inflows behind the rally's earlier stages.

Bitcoin's buyer base is real, and it has not yet grown large enough to absorb sellers as price keeps climbing.

Several methods point to the same price band

Glassnode's latest on-chain research identifies $83,000 to $86,000 as a dense band of long-term-holder supply, the level at which the current relief rally has stalled.

At comparable prices, 68% of Bitcoin's supply now sits in profit, up from 65% during a similar test in May, meaning more coins could be sold into any further strength.

21Shares frames roughly $81,000 to $82,000 as the line separating a genuine turn higher from an ordinary bear market bounce, with $85,000 and eventually $98,000 as the next markers above it.

None of these frameworks arrived at the same number through the same method. Nonetheless, Galaxy's moving average, Glassnode's supply data, and 21Shares' regime band all independently cluster in the same broad $81,000 to $86,000 zone, a strong signal.

The rally's origin invites a closer look

Glassnode traces the current move back to a short squeeze in mid-August that pushed Bitcoin from roughly $63,500 toward $80,000.

That leg came alongside about $2.8 billion of ETF inflows, falling futures open interest, and contained funding rates, a pattern more consistent with spot buying and short covering than with leveraged longs chasing price.

ETF intake later peaked near $290 million a day, though secondary-market turnover on those same ETFs stayed closer to $3 billion daily, a quieter pace than prior expansion phases showed.

The Treasury's Aug. 19 move to at least double its long-end liquidity-support buybacks helped fuel the initial leg.

QCP has cautioned that operations function as liquidity support, well short of full monetary easing, and Fed Governor Christopher Waller has pointed to fiscal strain keeping Treasury yields elevated in the high-4% range.

Bitcoin needs a weekly close above the 50-week moving average, since Galaxy's historical signal has never been satisfied by an intraday wick alone.

It also needs to clear and hold $83,000 to $86,000, genuinely absorbing the long-term-holder supply Glassnode has identified over a sustained stretch.

Apparent demand, ETF flows, and US spot activity need to turn convincingly positive on their own, past the mixed readings seen so far.

The reclaimed levels also need to survive the profit-taking that comes with more of the supply moving into the green.

Whether the reclaim holds or joins 2021-22 as the exception

The bull case has Bitcoin closing the week above the 50-week moving average. It then clears $83,000 to $86,000 on spot demand strong enough to push through the same level where Glassnode says the current relief rally has stalled.

Under that path, $90,000 comes into view next, followed by the prior 2026 high near $98,000. Galaxy's historical signal joins its four successful predecessors, leaving the 2021-22 episode as the sole exception on record.

The bear case has Bitcoin failing the weekly close entirely or losing support back near $76,000 to $78,000. That would send it sliding toward $71,800 and eventually the $62,000 to $65,000 zone that marked the accumulation base beneath this year's rally.

In that scenario, the 2021-22 exception gets company, and the August rally reads in hindsight as forced short covering that ran out of room once real demand failed to show up behind it.

Bitcoin crossed the line that has historically marked the end of its bear markets. The next few thousand dollars will decide whether enough buyers showed up to prove it.

The post Bitcoin just crossed the line that ended 4 out of 5 bear markets, but one deadly historical trap could still trigger a crash to $62,000 appeared first on CryptoSlate.

House Republicans have erased most of the remaining pre-election runway for the CLARITY Act despite mounting pressure to pass it.

House Republican leaders canceled votes for the weeks of Sept. 21 and Sept. 28, moving the chamber’s departure to Sept. 17 from Oct. 1. The House is scheduled to return Sept. 14 for four voting days before leaving Washington until after the November midterms.

That creates an immediate problem for the crypto market-structure bill. The Senate’s first major procedural vote is scheduled for Sept. 15, only two days before the House leaves.

Galaxy Digital Head of Research Alex Thorn said the change makes passage before the midterms “extremely unlikely.” The Senate still has roughly three weeks of session stretching into early October, but any version it passes must ultimately match the legislation approved by the House before it can reach President Donald Trump.

The House passed CLARITY 294-134 in July 2025. The Senate has since worked on amended language, meaning a Senate victory alone may not finish the job.

Punchbowl News reporter Brendan Pedersen said senators could potentially work through the required procedure in about a week and a half if everything went smoothly, depending on amendments. Before the calendar change, that still left the House enough time to take up a Senate bill quickly.

That late-September cushion is now gone.

Pressure is rising as the calendar closes

The squeeze comes as the White House, congressional Republicans and regulators intensify their push for legislation.

Trump called on Congress last week to pass “a fair version of the Clarity Act,” while SEC Chair Paul Atkins has said legislation remains “indispensable” even as the commission develops its own crypto rules.

House Financial Services Committee Chairman French Hill has also pressed the Senate to act, pointing to the 78 Democrats who joined Republicans when the House approved the bill.

In an X statement, he said:

“Can Democrats work with Republicans and make sure America leads the world in distributed ledger technology and financial services?”

Sen. Cynthia Lummis had already warned that the remaining legislative window was narrowing. When she released updated CLARITY text in July, she said the coming weeks were likely the “last real chance” for years to complete market-structure legislation.

Prediction markets have remained skeptical. Polymarket traders are pricing in less than a 20% chance that CLARITY would become law by Dec. 31.

Still, the calendar change does not end the bill’s prospects.

Lauren Belive, Ripple’s head of policy, argued that post-election lame-duck sessions have repeatedly produced major negotiated legislation even after elections that changed control of Congress.

Her argument shifts the immediate burden back to the Senate. If senators can produce a sufficiently settled bipartisan bill before Election Day, the House could still take it up in a lame-duck session.

That path carries a different political risk. One or both chambers could change hands in November, altering lawmakers’ incentives before they return to vote.

For now, the Sept. 15 Senate vote becomes the first test. CLARITY may still have a path to Trump’s desk in 2026, but the House calendar has made getting there before the midterms exceptionally difficult.

The post CLARITY Act may be heading for lame duck after House Republicans slash the calendar appeared first on CryptoSlate.

Genius Group, a Singapore-based education group, has cleared a legal obstacle to raising capital for its planned Bitcoin and artificial intelligence treasury expansion.

The US Court of Appeals for the Second Circuit vacated a preliminary injunction that Genius said had restricted its ability to issue shares, raise capital, and purchase Bitcoin. The Aug. 31 order removes the injunction as applied to the company and sends the dispute back to the Southern District of New York.

The ruling comes days after Genius unveiled a five-year capital plan targeting an $827 million Bitcoin treasury and an $800 million AI portfolio, with total assets projected to reach $2 billion by fiscal 2031.

Chief Executive Roger James Hamilton said the company believes Bitcoin and AI are entering new growth cycles and intends to use permanent capital to expand exposure to both.

Preferred shares are expected to play a central role in that strategy.

Genius pointed to Michael Saylor's Strategy use of Bitcoin-backed preferred securities like STRC as a model for raising capital without relying solely on common-stock issuance. The market value of those securities now exceeds $13 billion, giving Genius a template for funding long-duration assets while limiting dilution to ordinary shareholders.

The company plans to issue $1.2 billion of this kind of securities. Its proceeds would be divided among Bitcoin purchases, AI investments and a cash reserve covering roughly 18 months of preferred dividends.

Hamilton said the structure is designed to expand both treasuries without issuing additional ordinary shares, with returns above the preferred dividend rate flowing through to net asset value for common shareholders.

The first raise, however, remains small relative to the ambition. At $12.5 million, it represents about 1.5% of the $827 million Bitcoin target before any proceeds are allocated to AI or the dividend reserve.

Genius reported $106.6 million in net assets and no third-party debt as of June 30. The final size, pricing and timing of the preferred financing remain subject to market conditions and board approval.

Bitcoin must be rebuilt while AI exposure already exists

Genius is pursuing its Bitcoin and AI ambitions from very different starting points, with one requiring a rebuild and the other already underway.

The company first adopted its Bitcoin treasury strategy in 2024, directing most of its reserves into the asset and building its reserves to a peak of 440 BTC.

However, that strategy later reversed as legal battles constrained its fundraising and share issuance ability. As a result, Genius sold down its Bitcoin holdings and exited the remainder in April, using the proceeds to repay $8.5 million of debt.

It now plans to restart Bitcoin purchases in the fourth quarter, but no new acquisition has yet been disclosed.

Meanwhile, its AI exposure is further along.

Genius launched its AGI Infinity Portfolio in May and made its first investment in June, giving the company indirect pre-IPO exposure to OpenAI, Anthropic, SpaceX, Anduril and Databricks.

The company has also outlined an initial $100 million AI deployment across pre-IPO funds, listed infrastructure companies and businesses expected to benefit indirectly from wider adoption of artificial intelligence.

That leaves Genius trying to rebuild a Bitcoin treasury it previously dismantled while simultaneously scaling an AI portfolio that already has exposure to some of the sector’s largest private companies.

The post After selling every coin it owned, a public company is using Strategy’s STRC playbook to restart its $827M Bitcoin treasury plan appeared first on CryptoSlate.

Some records exposed in the breach date to 2019, years beyond the 90-day retention Trezor said its partners had agreed to.

Monthly reported sums rose 18% on average, and the compounds now appear to be spreading beyond Southeast Asia.

Adam Aron says AMC Entertainment has no connection to the tokens and is putting outside securities counsel on the case.

Privacy advocates say the law raises First Amendment questions the courts have yet to address.

The projected revenue requires two contract extensions, while an option for more computing capacity could bring the total above $3 billion.

$0.12 level has emerged as a key upside target from the current technical setup, potentially removing a zero from Dogecoin's price point.

Shiba Inu was close to the recovery, but a severe volume drop leaves the rally unfueled.

An active Satoshi-era wallet counters a $293B lawsuit by moving 40 BTC with a 2,571,899% gain, challenging claims of abandoned property.

The market is witnessing rise of new generation of memes and Cash Cat is leading the way.

Ripple CEO Brad Garlinghouse says the United States can still become the global “crypto capital.”.

Key Takeaways

• Stock futures showed minimal movement Friday morning as investors awaited crucial August employment data
• Federal Reserve’s Chris Waller hinted at pausing rate increases, reducing September hike probability
• Current market pricing indicates approximately even odds for a Fed rate increase next month
• Analysts forecast August job additions between 55,000-65,000, bouncing back from July’s disappointing figures
• Lululemon stock plummeted 18% in early trading following downward revision of financial projections

Morning Market Overview

US stock futures demonstrated minimal volatility Friday morning as market participants awaited the government’s critical August employment report, scheduled for release at 8:30 a.m. ET.

Futures tied to the Nasdaq 100 climbed approximately 0.5%. S&P 500 contracts registered marginal gains. Dow Jones futures declined between 37 and 47 points, representing roughly 0.1%.

These movements followed a positive Thursday trading session. All three primary indices finished higher, with the Nasdaq posting the strongest performance after a Federal Reserve official indicated openness to maintaining current interest rate levels.

Federal Reserve Governor Christopher Waller expressed his inclination toward pausing rate adjustments. This statement prompted traders to reduce their expectations for a September rate increase.

Current market indicators suggest approximately equal probability for a Fed rate hike next month, based on CME Group trading data.

Treasury yields also declined Friday morning. The benchmark 10-year note yield decreased 1 basis point to 4.76%, providing additional tailwinds for equity markets.

Employment Data Takes Spotlight

Economic forecasters anticipate US employers added somewhere between 55,000 and 65,000 positions in August. This projection represents a recovery from July’s surprising decline in employment expansion.

Recent economic indicators suggest a labor market experiencing measured growth while maintaining overall stability.

Mark Haefele, chief investment officer at UBS Global Wealth Management, characterized the Fed’s upcoming decision as “finely balanced.” He anticipates that artificial intelligence infrastructure investment and economic resilience will sustain expansion while inflation moderates, potentially allowing the central bank to maintain current policy.

Weaker employment figures would bolster arguments for maintaining current rates. Conversely, robust job growth could increase pressure for an additional rate increase.

Lululemon Shares Sink on Revised Outlook

Lululemon emerged as the most significant premarket mover. The athletic apparel company’s stock declined 18% following its announcement of reduced revenue and earnings expectations alongside disappointing second quarter performance.

No additional significant corporate earnings releases were on Friday’s calendar.

Gold decreased 0.56% to approximately $4,514. Bitcoin advanced 3.26% to slightly above $81,187. West Texas Intermediate crude oil dropped 0.48% to roughly $90.86 per barrel.

The August employment report represents the primary catalyst for markets entering the weekend, with the Federal Reserve’s upcoming policy meeting looming large on the calendar.

The post August Jobs Report Takes Center Stage as Federal Reserve Weighs Next Move appeared first on Blockonomi.

TLDR

• Oracle stock surges as HPE deal strengthens its global AI infrastructure push.
• HPE networking expansion supports Oracle’s growing cloud and AI data centers.
• Oracle heads into Sept. 10 earnings with cloud growth and spending in focus.
• The HPE deal adds routing, switching, telemetry and support for Oracle data centers.
• Oracle’s rising capital spending underpins its broader cloud infrastructure buildout.

Oracle (ORCL) shares extended their rally after HPE expanded a networking deal supporting Oracle’s global AI data center buildout. ORCL closed 5.69% higher at $154.04, then gained 2.47% to $157.85 in pre-market trading. The advance came before Oracle’s fiscal first-quarter results, scheduled for September 10.

Oracle Corporation, ORCL

HPE Deal Expands Oracle’s AI Data Center Network

Oracle plans to deploy HPE Juniper routing and switching equipment across its AI data centers under the expanded agreement. The potential multi-year rollout includes PTX and MX routers, plus QFX and EX switching platforms. HPE will also provide networking support services and financing capabilities through the wider collaboration.

HPE Juniper products already support parts of Oracle Cloud Infrastructure’s data center and edge networks. The new deployment will extend that foundation as Oracle builds larger AI superclusters across more locations. Those clusters need high bandwidth, low latency, congestion control, and reliable recovery during network failures.

The latest QFX switches will provide high-density connections and dynamic load balancing for large backend networks. Oracle and HPE will also develop telemetry tools that improve visibility across network devices and fabrics. The systems can identify packet loss, traffic imbalances, queue buildup, and component problems before operations suffer.

Oracle Spending Supports Wider Cloud Expansion

Oracle has sharply increased infrastructure spending as demand grows for cloud capacity and large computing workloads. Capital expenditures reached $55.7 billion in fiscal 2026, compared with $21.2 billion one year earlier. The company expects around $70 billion in net cash capital spending during fiscal 2027.

Cloud infrastructure has become a major part of Oracle’s growth plan as customers require more computing capacity. Larger data centers also require networking systems, chips, cooling equipment, power supplies, and financing. Oracle continues expanding its supplier relationships while building capacity across several regions.

The HPE agreement strengthens a networking relationship already used inside Oracle Cloud Infrastructure. It gives Oracle access to routing and switching systems designed for larger computing clusters. HPE also issued Oracle warrants to purchase HPE common stock under the expanded arrangement.

Oracle Earnings Put Cloud Execution in Focus

Oracle will report fiscal first-quarter 2027 results on September 10, shifting attention toward cloud performance and infrastructure demand. The report will provide new figures for revenue growth, spending, contracted business, and cloud capacity. It will also show how quickly Oracle converts infrastructure expansion into reported growth.

Oracle entered the quarter with strong demand tied to cloud computing, model training, and inference workloads. The company has committed substantial capital to data centers designed for large computing clusters. Its expanded HPE partnership addresses the network layer needed to keep those clusters connected and efficient.

The latest rally leaves Oracle shares higher before the earnings release next week. The results will test whether cloud growth supports the recent strength in ORCL stock. Meanwhile, the HPE agreement reinforces Oracle’s broader effort to expand global computing infrastructure.

The post Oracle (ORCL) Stock: Surge as AI Infrastructure Deal With HPE Fuels Rally Ahead of Earnings appeared first on Blockonomi.

Key Highlights

• The Office of the Comptroller of the Currency has granted Revolut conditional approval for a US national bank charter
• The company aims to begin full banking operations in America during the first half of 2027
• Revolut’s US banking headquarters will be located in Stamford, Connecticut, staffed by approximately 160 people
• The financial institution will offer checking accounts, credit cards, installment loans, foreign exchange services, and a digital stablecoin
• This approval places Revolut alongside Coinbase, Paxos, BitGo, Ripple, and Circle as recent OCC conditional charter recipients

Revolut has secured a significant regulatory milestone in its quest to establish a federally chartered banking presence in the United States through conditional approval from the Office of the Comptroller of the Currency.

The London-based financial technology firm, which serves 80 million users across the globe, shared news of the approval this Thursday. Chief Executive Nik Storonsky described it as “an important first step” in delivering Revolut’s complete suite of services to consumers in America.

Understanding the Regulatory Pathway

While the OCC’s conditional approval represents significant progress, it’s merely the initial regulatory checkpoint. Revolut must still obtain authorization from both the Federal Deposit Insurance Corporation and the Federal Reserve System before launching consumer banking services.

According to Cetin Duransoy, who leads Revolut’s American operations, the institution expects to begin serving customers during the opening months of 2027.

The fintech company is preparing to invest approximately $95 million in capital to establish its US banking entity. Operations will be centered in Stamford, Connecticut, with a workforce of roughly 160 professionals.

The banking platform will provide checking accounts, installment financing, credit card products, and currency exchange capabilities. Among its offerings, Revolut plans to introduce a proprietary stablecoin for American customers.

By linking its American operations with established networks across Europe and Latin America, the company aims to deliver comprehensive multicurrency banking solutions.

Part of a Broader Industry Trend

Revolut’s pursuit of US banking authorization reflects a wider movement within the cryptocurrency and fintech sectors. Throughout the last year, the OCC has issued conditional charter approvals to multiple digital asset companies, including Coinbase, Paxos, BitGo, Ripple, and Circle.

Jonathan Gould, who heads the OCC, has publicly endorsed the idea that firms operating with cryptocurrency and emerging technologies deserve access to federal banking supervision. The regulatory agency has adopted a relatively welcoming approach toward this industry segment.

Beginning in 2025, the OCC has processed 40 applications for new bank charters, granting approval to 21 while rejecting two submissions.

Last month’s conditional approval of World Liberty Financial, which has connections to President Donald Trump’s family, generated considerable attention regarding possible conflicts of interest.

Revolut has been systematically expanding its licensed banking operations internationally. The company obtained UK banking authorization in March 2026, followed by French approval the subsequent month. Australian regulators have also permitted the company to conduct banking activities.

Securing a US banking charter would mark Revolut’s most significant market expansion to date. America remains the world’s largest and most lucrative financial marketplace.

Before welcoming customers, Revolut must complete the approval process with the FDIC and Federal Reserve, maintaining its objective of launching operations in early 2027.

The post Revolut Secures OCC Green Light for US Banking Operations appeared first on Blockonomi.

Key Points

• Coinbase submitted a notice registration document to the SEC for approval to offer equity perpetual contracts on its exchange.
• Faryar Shirzad, Chief Policy Officer, shared news of the submission on X, describing it as “a regulated pathway for U.S. investors.”
• Following SEC clearance, the exchange must also obtain CFTC authorization before launching the product.
• Equity perpetuals are futures-style contracts without expiration dates, enabling traders to speculate on asset prices without direct ownership.
• Competitor platform Hyperliquid is also pursuing U.S. market entry through a reported partnership with Kraken’s parent entity.

Earlier this week, Coinbase submitted a notice registration document to the U.S. Securities and Exchange Commission, requesting approval to introduce equity perpetual contracts on its trading platform.

The exchange’s Chief Policy Officer, Faryar Shirzad, acknowledged the submission via a Thursday post on X. “Equity perps have proven demand internationally, and we’re excited at the prospect of a regulated pathway for U.S. investors,” Shirzad stated.

This filing represents a continued expansion of Coinbase’s derivatives offerings aimed at American customers.

Perpetual contracts, widely known as “perps,” function as futures agreements without an expiration date. These instruments allow market participants to speculate on price fluctuations of underlying assets without holding the assets themselves.

In contrast to conventional futures, perpetual contracts eliminate the requirement to roll positions forward. This characteristic has made them attractive to frequent traders seeking to maintain open positions for extended periods.

A significant portion of the perpetuals trading market currently operates through offshore platforms that exist beyond U.S. regulatory jurisdiction.

The exchange introduced perpetual futures in March, although availability was restricted to international users. That initial offering included major equities such as Apple, Microsoft, NVIDIA, and Amazon.

Additional Regulatory Clearance Required

Securing SEC approval represents just one phase of the authorization process. Shirzad emphasized that subsequent approval from the CFTC would be necessary before Coinbase can officially offer equity perpetuals to American customers.

Coinbase has previous experience navigating CFTC approvals. In May, the regulatory body authorized both Coinbase and prediction market operator KalshiEX to offer bitcoin perpetual futures contracts to U.S. participants.

The subsequent month saw the CFTC issue a request for public feedback regarding crude oil perpetual contracts and round-the-clock trading capabilities, demonstrating increased regulatory attention toward this product category.

Kalshi has similarly submitted an application for CFTC authorization to introduce equity index perpetuals, positioning itself as a challenger to traditional exchange operators.

Hyperliquid Pursues U.S. Market Entry

The wider movement toward compliant perpetual contract offerings has drawn attention to Hyperliquid, a platform that gained traction among cryptocurrency derivatives participants.

President Donald Trump referenced Hyperliquid during a White House appearance last month, indicating that CFTC Chair Michael Selig was facilitating the platform’s U.S. entry in a “fully compliant and legal fashion.”

Bloomberg’s reporting this week revealed that Hyperliquid Labs is negotiating an onshore arrangement with Payward, which operates the Kraken cryptocurrency exchange.

Earlier CFTC authorization of cryptocurrency perpetual products had initially pressured exchange sector equities during the first half of the year, though these stocks have since rebounded from those declines.

Coinbase’s COIN stock has participated in that recovery trajectory, benefiting from renewed strength across the cryptocurrency sector. The aggregate cryptocurrency market capitalization recently climbed to $2.82 trillion.

The post Coinbase (COIN) Stock: Exchange Files to Offer Equity Perpetuals in the U.S. appeared first on Blockonomi.

Key Highlights

• Korea’s Financial Services Commission has revealed a comprehensive three-phase strategy to digitize all securities across the capital markets
• Initial rollout begins February 4, 2027, targeting money market funds, corporate bonds, and unlisted equity for institutional market participants
• Second phase broadens tokenization scope to encompass all publicly offered securities pending successful first-phase implementation
• Final phase establishes blockchain-native stablecoin settlement infrastructure
• Current license holders can trade tokenized securities without obtaining additional regulatory approvals

South Korean financial authorities have released a comprehensive roadmap outlining their vision to digitize the nation’s complete capital market infrastructure through tokenization, spanning from private corporate debt to publicly traded equities, culminating in stablecoin-based settlement systems.

The Financial Services Commission (FSC) alongside the Financial Supervisory Service (FSS) revealed the strategic initiative on Friday during the third session of their tokenized securities advisory committee.

The nation currently boasts 11.3 million verified cryptocurrency users and operates a stock market generating daily trading volumes comparable to major crypto exchanges.

Initial Rollout Scheduled for February 2027

The inaugural phase launches when South Korea’s revised Electronic Registration Act becomes operational on February 4, 2027. This legislative framework provides legal recognition for blockchain-recorded securities.

During the initial phase, private money market funds and private corporate bonds designated for institutional participants will undergo tokenization first. Unlisted equities will also be digitized using a trust-based framework, whereby the original shares remain in the conventional registry while investors hold a tokenized trust-beneficiary instrument.

Retail market participants trading on over-the-counter platforms will encounter an annual net acquisition ceiling of 100 million won, approximately $74,000, per trading venue. Individual subscription amounts are restricted to 30 million won, roughly $22,000, or 5% of total issuance volume, whichever amount is smaller.

Blockchain-Native Stablecoin Settlement Marks Ultimate Vision

Following successful phase one execution, the second phase will expand tokenization eligibility to encompass all publicly offered securities. The deployment timeline for phases two and three hinges on first-phase performance metrics and forthcoming stablecoin regulatory legislation.

The third and concluding phase establishes a blockchain-native payment infrastructure enabling investors to settle tokenized securities transactions using stablecoins.

The FSC cited BlackRock’s BUIDL tokenized fund and Hong Kong’s tokenized green bond initiatives as benchmark examples for the program.

Non-banking entities seeking to operate investor accounts for their proprietary token securities must maintain minimum equity capital of 4 billion won, approximately $3 million, and employ dedicated compliance and information technology personnel.

Currently licensed brokerage firms and trading entities will not require supplementary licensing to facilitate tokenized securities transactions. Over-the-counter trading platforms must obtain FSS consultation before commencing operations.

The FSC indicated it intends to present proposals for revising subordinate legislation before September concludes.

South Korea’s initiative follows Japan’s announcement last week regarding plans for a nationwide blockchain settlement infrastructure for equities and government bonds, targeting early 2030s deployment. Singapore similarly finalized its stablecoin licensing framework this week.

The FSC stated its overarching objective is the complete transformation of capital market infrastructure to enable digital connectivity.

The post South Korea to Digitize Entire Securities Market by 2027 Through Blockchain Tokenization appeared first on Blockonomi.

Uniswap Labs has purchased a stake in PONS as part of a longer-term partnership, sending the token to a new all-time high of $0.75.

The move comes as the Pons team reported rising activity on the platform, with more than 63% of Robinhood Chain launchpad volume passing through the protocol over the past 24 hours.

Uniswap Labs Confirms the Purchase

Pons announced the purchase on September 4, saying the deal would deepen its partnership with Uniswap and give the two projects “long-term alignment.” However, the post did not disclose how much PONS Uniswap Labs purchased or the value of the transaction.

Still, the market reaction was immediate. At the time of writing, PONS was trading at $0.71, up 40.2% in the last 24 hours and more than 507% in the last week, per CoinGecko. It touched as high as $0.75 earlier in the day, a new price record, before easing back, so the current price sits close to 4% below that peak.

Volume climbed too, with $151.8 million changing hands in the past day, a 9% jump from the session before. And if you look at longer timeframes, the numbers get harder to ignore. PONS is up more than 1,769% in the last 14 days and over 2,713% for the month, a run that traces back to a low of $0.0033 in mid-July, and it’s also up close to 25% on its pairing with Bitcoin.

A Token Built Around Burning Its Own Supply

Pons has leaned on deflationary mechanics since it launched. The project says 29.34% of the total PONS supply has been burned to date, with 80% of protocol fees going toward buying back and burning more tokens on an ongoing basis.

The team has also been adding tokenized stock pairs to its platform, including UPS, Snap, Lululemon, Figma, Moderna, Pfizer, Rivian, Marvell, and Johnson & Johnson in the past day alone. Trading followed. More than 63% of all volume on Robinhood Chain’s launchpad flowed through its platform in a single 24-hour stretch, a day that saw $400 million in volume overall.

Uniswap’s PONS purchase came the same week its own token, UNI, was climbing. As CryptoPotato reported earlier, UNI gained as much as 32% over seven days, and it has since gone even higher, changing hands at just under $6.40 as of this writing, a jump of over 60% in the last 30 days.

The post Uniswap Buys PONS Stake, Token Jumps 40% to New All-Time High appeared first on CryptoPotato.

The hardware wallet manufacturer revealed in a new update from September 4 that another 67,000 customers in the United States had their personal information exposed in the breach at its shipping provider, ShipMonk.

These clients placed orders between November 2019 and August 2021, meaning some of the compromised records were almost seven years old.

CryptoPotato reported last month that Trezor had initially said the ShipMonk breach affected approximately 13,689 customers. The timing was quite peculiar as it came amid the Coldcard saga, and investors’ confidence was already shaken.

12,742 of the entire amount had their names, emails, phone numbers, and shipping addresses exposed, while another 1,947 had more limited information compromised.

The latest discovery, though, shed some more worrisome light on the incident, as much older customer information remained in ShipMonk’s systems. Trezor said it had repeatedly requested – and received, written assurances from the logistics provider confirming that the data had been deleted in accordance with its contract and data policy.

“We are very disappointed that, despite receiving this confirmation, the data was not deleted in their systems,” reads the update on X.

Adding the newly identified 67,000 customers brings the known number of affected users to more than 80,000. The hardware wallet provider noted that all newly affected customers have been contacted directly by email and explained that users who have not received a notification are not believed to be impacted.

Trezor’s team emphasized that its own systems were not compromised and that its wallets remain secure. Private keys and wallet backups were not exposed in the ShipMonk incident.

However, the danger comes from criminals possessing detailed information identifying people are hardware wallet customers. The company warned affected users to be particularly cautious of fake emails, fraudulent phone calls, and physical letters.

The update also highlighted potential physical security risks, which have become a considerably more serious issue lately.

The post Trezor Breach Is Much Bigger Than Initially Thought: Another 67,000 Customers Exposed appeared first on CryptoPotato.

The wild nature of the cryptocurrency markets has returned for some major altcoins, such as the privacy coin leader, Zcash (ZEC). The token skyrocketed to a new multi-year peak of just over $1,000 earlier today.

The move caught many traders, including Garrett Jin, unprepared. Data from Lookonchain outlined his massive loss due to a short squeeze.

The analysts provided a screenshot from a wallet linked to Jin, showing that he had entered a massive short for 32,760 ZEC (currently worth over $33 million) at prices well below the current level of $444.

Given the asset’s substantial rally in the past several days, Jin had to add to his short position over time before ultimately realizing a loss of over $18.5 million.

As $ZEC broke above $1,000, Garrett Jin (@GarrettBullish) has lost over $18.5M on his 32,760 $ZEC ($33.11M) short.https://t.co/bLk5NAoS2r pic.twitter.com/YiAA6oySEo

— Lookonchain (@lookonchain) September 4, 2026

The privacy coin is among the top performers in the past 24 hours. Its daily gains stand at over 21% as of now, as its price jumped to $1,020 for the first time in eight years. Moreover, ZEC’s value has doubled since the market broke out on August 19, when it traded at around $500.

Data from CoinGlass indicated that the total value of wrecked ZEC positions is up to $36 million, meaning Jin’s wipeout accounted for half of it.

The post Garrett Jin’s ZEC Short Bleeds Over $18M as Zcash Explodes Past $1,000 appeared first on CryptoPotato.

Pi Network’s native token has soared by 11% over the past month and has recently drawn mixed price predictions.

Ethereum seems ready to post substantial gains in September, while Shiba Inu may not fare so well this month.

PI’s Next Targets

The token has rebounded by roughly 35% from its July historic bottom and currently trades at around $0.095 (per CoinGecko). It remains among the most discussed cryptocurrencies, and, as expected, many industry participants have paid attention to its recent price performance and made interesting predictions.

X user OxNeena noted that PI is holding a key support zone around $0.09-$0.10 after a long consolidation, envisioning a massive uptrend above $0.30 if bulls reclaim $0.20.

Nakamoto Files argued that “something is moving behind the scenes” at Pi Network, while CT News believes that if the next altcoin rotation reaches PI, the coin could climb much faster than most think.

“The sleeping giant may not stay asleep forever,” they added.

Meanwhile, there has been growing speculation that the team behind Pi Network intends to implement a burning mechanism that could positively impact the price. However, the X account BSCN and other users rejected the development.

ETH in September?

The second-largest cryptocurrency jumped by nearly 5% over the past 24 hours, once again exceeding the psychological $2,500 mark. Some important factors, including strong demand from institutional investors, suggest that the coming weeks may deliver further gains.

SoSoValue’s data shows that spot ETH ETFs posted 12 consecutive green days before the run paused on September 2. The momentum quickly returned, with the following 24 hours adding another strong inflow.

The amount of ETH stored on cryptocurrency exchanges is another bullish element. Several days ago, the figure plunged to roughly 14.9 million coins, the lowest since the summer of 2016. Later on, there was a slight move north, yet the total remains below 15 million. Such a development signals that many investors prefer to avoid centralized platforms, thereby reducing immediate selling pressure.

At the same time, Ethereum’s seasonal performance serves as a warning. The asset has ended 7 of the past 11 Septembers in the red, and there hasn’t been a year in which both August and September closed with gains. Recall that last month delivered a 32% price increase for ETH.

SHIB’s Perspective

Unlike ETH, the self-proclaimed Dogecoin killer appears more likely to underperform in September than to post a major rally. The worrying signals include Shibarium’s stalled activity, the declining burn rate, and others.

Moreover, September has been a predominantly poor month for SHIB, with its valuation finishing the timeframe in the red three out of five times.

There is still a glimmer of optimism. Back in 2021, both August and September closed in the green, giving the SHIB Army hope that history could repeat itself, especially since the meme coin pumped by 7.5% last month.

The post Recent Pi Network (PI) Price Forecasts, Ethereum’s (ETH) Potential, and More: Bits Recap September 4 appeared first on CryptoPotato.

The largest altcoin is on the move again alongside the rest of the market, surging by over 4% daily to $2,150 as of press time. It even tapped $2,530 earlier today before it was stopped.

Its market cap has risen to well over $300 billion, but this has provided some market participants with a proper exit opportunity.

Lookonchain has repeatedly reported on a major whale who has been disposing of their ETH tokens for days. The selling spree began at the start of the month, when the unknown entity received $408 million worth of the altcoin before transferring $174 million to exchanges.

The deposits continued in the following days, with another major transfer of $253 million to multiple trading platforms. The latest was reported earlier today, which culminated in the sale of all 167,855 tokens ($408 million), meaning that the whale has disposed of the entire ETH fortune in just five days.

Insane!

This mysterious #Ethereum whale has sold off all 167,855 $ETH($408M) in the past 5 days.https://t.co/PdCiRP6taI pic.twitter.com/YbajyBEhLf

— Lookonchain (@lookonchain) September 4, 2026

Despite this substantial sell-off in just days, the underlying asset has rebounded swiftly from its dip below $2,400. It’s up by more than 4% daily and now sits above $2,500 with a market cap of $305 billion.

Its market dominance has also increased lately, going past 11% on CoinMarketCap.

The post Ethereum Whale Keeps Offloading as ETH Price Rockets Past $2.5K appeared first on CryptoPotato.