Morgan Stanley's forecast may stabilize market expectations, reducing volatility and influencing long-term investment strategies.

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The restructuring at The Trade Desk highlights a strategic shift towards agility, potentially influencing industry norms in workforce management.

The post The Trade Desk to cut 15% of workforce amid restructuring appeared first on Crypto Briefing.

The rise in crypto scams highlights the urgent need for enhanced global regulatory cooperation and robust financial monitoring systems.

The post FinCEN links $12.7B to crypto scams run from Asian compounds appeared first on Crypto Briefing.

Tesla's Cybercab launch in Texas marks a pivotal step in autonomous vehicle evolution, potentially reshaping urban transport dynamics.

The post Tesla unveils two-seater Cybercab in Texas, advancing driverless strategy appeared first on Crypto Briefing.

The Fed's steady rate approach may stabilize markets, allowing for a thorough assessment of inflation trends amid evolving economic data.

The post Morgan Stanley expects Fed to hold rates steady despite Warsh’s hawkish tone 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.

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.

Bitcoin and gold are trading more like each other than at any point since 2020, even as their latest divergence tests that relationship.

Their 90-day correlation has climbed to about 0.55, the highest in nearly six years, while Bitcoin’s volatility stands at 36.2% compared with 25.3% for gold. That makes Bitcoin just 1.43 times as volatile as the precious metal, down from 5.6 times in 2021.

Yet the latest bout of macro stress has produced a striking divergence. Gold plunged from nearly $4,700 on Aug. 25 to as low as $4,342 on Sept. 1 as Treasury yields and Federal Reserve rate-hike expectations surged.

Bitcoin spent much of the same period holding around $77,000, only a few percentage points below its late-August levels, before rebounding above $80,000 as of press time.

Gold is closing a volatility gap once dominated by Bitcoin

The unusual part of the convergence is how much of it has come from gold becoming more volatile.

Bitcoin’s current 90-day volatility places it around the 10th percentile of its own history, while gold sits in the 93rd percentile, Bitcoin analyst Adam Livingston said. The ratio between the two assets’ volatility has remained below two for 177 consecutive sessions.

From 2020 through 2025, there were only 82 such days combined.

Bitcoin hasn't stopped moving. Its average volatility has risen to roughly 44% this year from 41%. Gold’s has surged to about 30% from 18%, Livingston said. Every session during the past six years in which gold’s 90-day volatility exceeded 25% has occurred in 2026.

That leaves the traditional safe haven in one of its most turbulent periods, as Bitcoin trades through an unusually subdued stretch by crypto standards.

The narrowing gap has occurred alongside a stronger relationship between their returns. Bitwise said Bitcoin’s three-month rolling correlation with gold reached its highest level since 2020 at the end of August, using Bloomberg data going back to 2015.

Macro stress pulled the two assets together

The previous correlation peak came after the COVID crisis unleashed massive fiscal spending and monetary stimulus. Bitwise sees a similar macro force returning.

Long-term Treasury yields surged in August before the US Treasury expanded purchases of longer-dated securities. Bitcoin gained 22.4% in the week following the intervention, while gold rose roughly 5% and stocks fell, Bitwise said.

The backdrop has revived concerns around deficits, sovereign borrowing and currency debasement as US federal debt moved above $40 trillion.

Grayscale saw the same shift from another angle. Bitcoin’s 90-day correlation with the Nasdaq 100 has fallen from above 60% to roughly 33%, while its correlation with gold has risen from barely above zero at the beginning of the year to more than 50%.

Bloomberg Intelligence senior ETF analyst Eric Balchunas said Bitcoin has had a lower correlation with US stocks over the past six months than gold, small-cap equities, emerging-market stocks and even Treasurys.

Balchunas cautioned that the window is short and argued that Bitcoin’s relationship with stocks has historically been around 0.40. Some of the latest shifts reflect gold and Treasurys becoming more correlated with equities rather than Bitcoin undergoing a complete transformation.

The data shows that both markets have become increasingly sensitive to many of the same macro forces.

Gold’s selloff is already testing the convergence

This week offered the first meaningful stress test of that relationship.

Gold slid more than 7% from its Aug. 25 peak near $4,696 to about $4,342 on Sept. 1 as Treasury yields climbed and traders rapidly repriced Federal Reserve policy. The US 10-year yield approached 4.8%, while higher oil prices intensified concerns that inflation could keep monetary policy restrictive for longer.

Traders had assigned roughly a 38% probability to a September rate increase when gold approached $4,700. By Thursday, the probability had climbed above 60% before comments from Fed Governor Christopher Waller prompted markets to pare those bets.

The moves have left gold unusually sensitive to changes in rates, energy and currencies even as longer-term concerns over government debt and fiat debasement remain supportive.

Ole Hansen, head of commodity strategy at Saxo Bank, said precious metals had rebounded for a second session as softer US economic data and easing pressure from oil helped arrest the rise in bond yields. A weaker dollar, particularly against the Japanese yen, provided additional support.

He noted:

“For now, gold’s inverse correlation with oil prices and bond yields remains a key focus, sidelining other potentially supportive drivers.”

That helps explain why gold can weaken even while longer-term concerns over debt and currency debasement remain intact. Higher oil prices can push inflation expectations and bond yields higher, increasing the opportunity cost of holding non-yielding bullion.

Bitcoin has absorbed the same tightening shock with considerably less damage as the top crypto trades above $80,000.

Ryan Lee, chief analyst at Bitget, told CryptoSlate that BTC resilience can be attributed to cleaner positioning after recent liquidations flushed excess leverage from the market. Moderate perpetual funding and ETF demand have provided another cushion even as daily fund flows remain uneven.

US spot Bitcoin ETFs took in $101.2 million on Sept. 2 after posting $236.5 million of outflows a day earlier. The funds have still attracted more than $3 billion over the past 30 days, leaving a substantial spot-demand base beneath a market that has so far avoided another large liquidation cascade.

Lee said a sustained hold around $76,000 to $77,000, alongside contained funding and steadier ETF demand, would strengthen the case that spot buyers are underpinning the market. Persistent ETF redemptions, a stronger dollar or another jump in rate expectations would put that support under greater pressure.

Sept. 3 demonstrated how quickly those inputs can reverse. Waller signaled that he could support keeping rates unchanged in September if incoming inflation data showed further improvement, prompting traders to cut the probability of a hike from above 60% toward even odds.

Gold jumped about 2% toward $4,473 as Treasury yields and the dollar eased, while Bitcoin registered an intraday high above $81,000.

Bitcoin and gold are increasingly being shaped by the same fiscal, currency and interest-rate forces, but the transmission mechanism is different.

Gold remains acutely sensitive to real yields, the dollar and energy-driven inflation expectations, while Bitcoin’s latest performance also reflects crypto-specific conditions such as leverage, funding and ETF flows.

Their longer-term relationship is tightening. The harder question is whether that convergence persists when the same macro shock produces very different pressures inside each market.

The post Bitcoin’s volatility ratio against gold collapses to 6-year low as traditional safe haven turbulence surges appeared first on CryptoSlate.

Monad, an EVM-compatible blockchain, activated its MonadTen revision on mainnet at 14:30 UTC on Sept. 2. The MIP-8 upgrade changes how the network charges contracts for reading storage, replacing slot-by-slot warming with groups of 128 consecutive slots.

Monad's mainnet block 101672712 measured 8,100 gas to read slot 0, 100 gas to read slot 1 on the same page, and 8,100 gas again at slot 128, the first slot of the next page.

The official MonadTen release record sets activation at Unix timestamp 1788359400. Below that timestamp, MonadNine rules remained in force.

Storage layout now changes the bill

The final MIP-8 specification defines a storage page as 128 words of 32 bytes each, or 4,096 bytes. The first SLOAD anywhere on a page costs 8,100 gas. Later reads anywhere inside that warmed page cost 100 gas for the rest of the transaction, subject to rollback when a call frame reverts.

Under Monad’s prior schedule, two previously untouched slots each cost 8,100 gas even when they sat next to each other. Under the new opcode pricing, the same pair costs 8,100 gas and then 100 gas if both fall within one page.

Common Solidity layouts can inherit that discount automatically. Sequential state variables, struct fields, and array elements occupy consecutive slots, so repeated reads are more likely to stay inside a warmed page.

A mapping key generally resolves to a separate, dispersed page, but fields inside a struct stored under that key remain contiguous and can share the page-level discount.

Hashed or unaligned storage keeps Monad’s existing cold baseline. Reads that cross page boundaries still cost 8,100 gas each, while savings depend on how many slots a transaction touches and whether those slots cluster within the same 128-slot boundary.

MIP-8 preserves EVM execution semantics while changing the assumptions used by tooling that builds access lists, storage proofs, or gas estimates. EIP-2930 entries now warm pages, and proof formats must represent the page model. The specification identifies contracts that hardcode storage-opcode gas costs as the main compatibility-risk class.

For developers, the incentive is that data read together is cheaper when it is stored close together.

The post Monad’s mainnet upgrade makes storing data together 98% cheaper appeared first on CryptoSlate.

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.

PONS, the token behind Robinhood Chain's biggest meme coin factory, flipped CASHCAT to become the chain's largest cryptocurrency by market cap—and its chart looks like a hockey stick.

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.”.

The crypto market is attempting to extend its recovery, with XRP gaining on BIS-related news, Ethereum approaching a key bullish crossover and Tron reaching $28 billion in TVL.

TLDR

• DOGE fell more than 17% from its August 22 high near $0.1007, dropping toward $0.0828.
• A daily TD Sequential buy signal is flashing on Dogecoin’s chart, according to analyst Ali Charts.
• A morning doji star pattern has formed, a classic sign that selling pressure may be fading.
• Whales have reportedly bought 400 million DOGE over the past five days near support.
• The $0.0813 zone is key; holding it could open a path to $0.1552 and $0.1774.

Dogecoin has pulled back sharply from its recent highs. The drop has traders watching closely for signs the slide is ending.

DOGE hit roughly $0.1007 on August 22. It then fell more than 17%, landing near $0.0828.

That decline pushed the price closer to a zone where big buyers have stepped in before. Chart watchers say this area has a history of attracting demand.

One of the signals getting attention is the TD Sequential indicator. It is designed to flag when a trend is running out of steam.

TD Sequential Signal and Chart Pattern

Analyst Ali Charts posted on X that Dogecoin’s daily chart just printed a new TD Sequential buy signal. This tool is built to spot exhaustion after a long price move, not to guarantee an instant turnaround.

Ali Charts also pointed to a morning doji star forming on the daily chart. This candlestick pattern typically shows up after a period of selling, when the market shifts from clear bearish control toward uncertainty.

In the same set of posts, Ali Charts noted that these signals often appear before buyers start to regain control. The analyst framed the pattern as an early clue, not a confirmed reversal.

Traders generally want to see follow-through buying before treating a single signal as reliable. That confirmation hasn’t fully arrived yet.

Whale Accumulation Near Support

On-chain activity is adding another layer to the story. Large holders have reportedly bought around 400 million DOGE over the last five days.

This buying has taken place near a support zone many traders are watching. Roughly 35 billion DOGE previously changed hands in this same area, based on on-chain data cited in the report.

That kind of volume can mark a zone where holders are less willing to sell. Renewed buying there can also add liquidity if broader sentiment turns positive.

Right now, $0.0813 is being treated as the line in the sand. Holding above it keeps the reversal case intact.

A break below that level would weaken the bullish pattern described above. So far, buyers have managed to defend the area.

If DOGE stabilizes and buying continues, the next targets mentioned are $0.1552 and $0.1774. Reaching those levels would require clearing resistance in between first.

As of the latest update, DOGE remains near the $0.0828 to $0.0813 range while traders watch for confirmation of the reversal signals.

The post Dogecoin (DOGE) Price: Whale Buying and Chart Signals Point to a Possible Bounce appeared first on Blockonomi.

TLDR

• A 20.5 BTC stash linked to the 2026 Coldcard hardware wallet theft moved through 34 THORChain swaps into Ethereum on September 2 and 3.
• Bitquery traced the funds from a “reported” attacker address tied to what it calls Wave 3 of the theft.
• Most of the traced value, 20.15 BTC, landed at one Ethereum address that later showed an outgoing drop of about 5 ETH.
• Most of the stolen Bitcoin, over 1,400 BTC, remains parked and untouched in identified addresses.
• Researchers including Galaxy Research say they still cannot confirm whether all theft waves trace back to one person or group.

A stash of Bitcoin linked to the 2026 Coldcard hardware wallet theft began moving this week. Blockchain data provider Bitquery tracked the funds as they crossed into Ethereum.

The move shifted the case from a mostly parked stash of stolen coins into an active cross chain trail. Investigators had watched much of the stolen Bitcoin sit untouched for months.

The activity started on September 2 when 20.49703196 BTC left an address linked to the theft. Bitquery’s classification file lists the address as reported and tied to what it calls Wave 3.

The coins passed through two fresh Bitcoin addresses. Both were later emptied, according to Bitquery’s tracking data.

Bitquery places the origin address in its reported tier, one step below its confirmed list. The person or group controlling the funds has not been identified.

Bitcoin Routes Through THORChain to Ethereum

THORChain is a tool that lets users swap coins across different blockchains. Bitquery’s live tracker recorded 34 swaps on September 2 and 3 that sent 20.45 BTC of traced value into Ethereum.

The tracker’s broader total reached 20.69 BTC across 36 swaps. That figure includes two earlier swaps worth 0.24 BTC that happened back on August 2.

Most of the funds, 20.15 BTC across 26 swaps, ended up at one Ethereum address. A smaller amount, 0.30 BTC, moved through eight swaps to a second address.

The two August swaps sent funds to a third address. Bitquery’s records show THORChain swap memos naming the main destination for the September transactions.

That main Ethereum address held about 649.5 ETH with no outgoing transactions when Bitquery checked at 16:15 UTC on September 3. About an hour later, at 17:25 UTC, a balance check showed 644.4974 ETH.

The drop of roughly 5 ETH marked the first outgoing activity from that address since the funds arrived.

Most Stolen Bitcoin Remains Untouched

Not all of the stolen Bitcoin has moved. At block 965,339, Bitquery counted 1,402.59 BTC still sitting in identified addresses linked to the theft.

Of that total, 1,396.33 BTC has never moved since it was stolen. Bitquery tracks the 20.69 BTC that went through THORChain as a separate category, now watched on Ethereum.

A separate dataset built from Bitcoin block data breaks the theft into waves. It counts Waves 1 through 3 apart from a fourth wave of 64.90373764 BTC, and says the blockchain alone cannot confirm whether one group is behind all of them.

Galaxy Research has also said it cannot fully link every wave of the theft to a single source. The firm has estimated total losses from the Coldcard theft at 1,700 BTC or more.

As of the latest check, the main Ethereum address tied to the September swaps still held about 644.5 ETH. The rest of the traced Bitcoin has yet to move beyond the two Bitcoin addresses used in the swap.

The post Coldcard Bitcoin Theft Funds Move to Ethereum Through THORChain Swaps appeared first on Blockonomi.

TLDR

• Tesla shares jump 5% as Cybercab broadens the company’s global robotaxi strategy
• Cybercab launch opens a path for third-party fleet buyers and robotaxi operators
• New interest form signals Tesla may scale robotaxis with more outside partners
• Tesla revisits its robotaxi model as autonomous fleet competition keeps growing
• Cybercab targets sub-$30,000 pricing and operating costs below $0.20 per mile

Tesla (TSLA) shares closed 5.42% higher at $376.37 after the company unveiled its Cybercab robotaxi. However, TSLA fell 2.32% to $367.65 in pre-market trading on Friday. The launch also revealed a broader plan that could bring outside operators into Tesla’s robotaxi network.

Tesla, Inc., TSLA

Tesla Cybercab Launch Expands Robotaxi Strategy

Tesla introduced the Cybercab without a steering wheel, pedals, or rearview mirrors. Instead, the vehicle depends entirely on Tesla’s Full Self-Driving system for operation. The design shows Tesla’s push toward a purpose-built vehicle for fully autonomous ride services.

The company targets a Cybercab price below $30,000 and operating costs under $0.20 per mile. These targets support Tesla’s plan to run autonomous services below conventional ride-hailing fleet costs. However, the company has not confirmed final pricing or commercial fleet terms.

Tesla also limited the launch event mainly to influencers, drawing criticism from some market analysts. Some analysts expect the restricted event format to pressure sentiment after Thursday’s sharp stock gain. Even so, the Cybercab launch moved Tesla’s robotaxi plans closer to commercial deployment.

Third-Party Fleets Could Support Tesla Network Growth

Before the launch, Tesla released an interest form for companies considering participation in its robotaxi network. The form includes Cybercab fleet purchases, mobility hubs, infrastructure support, and event partnerships. As a result, Tesla may be preparing a model combining company operations with outside participation.

Tesla has not confirmed that third-party operators will directly purchase Cybercab vehicles. Still, the form gives businesses a formal way to express interest in fleet ownership and network support. That approach could help Tesla scale faster without funding every vehicle and facility itself.

The strategy could also create opportunities for fleet managers, charging providers, property owners, and mobility companies. Tesla could retain control over vehicle technology while partners support deployment and local operations. Such a structure would move the robotaxi business beyond a fully in-house model.

Tesla Revisits Earlier Robotaxi Fleet Ambitions

Elon Musk first described a broader Tesla Network concept in 2016. Under that plan, Tesla owners could eventually place self-driving vehicles into a shared ride-hailing service. The company later repeated the idea during its 2019 Autonomy Day presentation.

Tesla never launched the owner-operated robotaxi network described during those earlier presentations. Instead, the company shifted toward operating its own autonomous fleet with Model Y vehicles. Tesla now plans to use Cybercab for larger-scale robotaxi expansion.

Competition is also growing as companies build businesses around autonomous fleet operations. Moove already manages Waymo fleets in several United States cities and plans further expansion. Tesla’s third-party interest form suggests it may adopt a broader operating model as the robotaxi market develops.

The post Tesla (TSLA) Stock: Surges 5% as Cybercab Launch Opens Door to Third-Party Robotaxi Fleets appeared first on Blockonomi.

TLDR

• El Salvador told the IMF its Bitcoin gains since June 2025 came from private donations, not public money.
• The IMF reached a staff-level agreement on El Salvador’s combined second and third program reviews.
• Approval could release about $140 million to El Salvador under its $1.4 billion loan program.
• Majority control of the Chivo wallet has moved to a private operator, while the government kept a minority stake.
• The IMF said it does not expect El Salvador to add more Bitcoin beyond the donations already reported.

The International Monetary Fund said El Salvador funded its recent Bitcoin gains through private donations rather than public money. The statement came in a Sept. 3 announcement about the country’s loan program.

IMF staff and Salvadoran officials reached a staff-level agreement on the combined second and third reviews of El Salvador’s Extended Fund Facility. The deal still needs approval from the IMF’s Executive Board.

The Fund said El Salvador provided documentation showing that Bitcoin added to government wallets since June 27, 2025, came from private donors. It said no public resources were used for the purchases.

The disclosure addresses questions raised after wallets tied to El Salvador’s Strategic Bitcoin Reserve appeared to grow. Some observers had asked whether the government kept buying Bitcoin despite its commitments to the IMF.

How the Bitcoin Donations Were Verified

Blockchain records can show coins moving into a wallet, but they do not explain where the coins came from. They also cannot show whether coins were bought, donated, or moved between government accounts.

In July 2025, the IMF said the total Bitcoin held by the government had not changed. It explained that some reported increases actually came from moving coins between different state-controlled wallets.

The new documentation adds another layer of explanation. It states that any accumulation after the first review came from private gifts, not government purchases.

The IMF also said it reached an understanding with El Salvador that no further Bitcoin buildup is expected beyond the donations already reported.

What the Loan Agreement Means for El Salvador

If the IMF’s Executive Board approves the reviews, El Salvador could receive close to $140 million. That amount equals about 101.96 million Special Drawing Rights.

The country has already received 172.32 million Special Drawing Rights under the program. The IMF approved the 40-month loan arrangement in February 2025, with total access of about $1.4 billion.

The Fund said El Salvador’s economy has performed better than expected. It projects economic growth of 4.5 percent in 2026, helped by investment, spending, remittances, tourism, and money flowing into the country.

IMF staff also called for continued spending discipline. They want the government to keep working on lowering public debt toward 80 percent of the size of the economy by 2030.

As part of the program, El Salvador has cut back on its own role in the Chivo wallet. Majority ownership and daily operations have shifted to a private operator whose name has not been made public.

The government kept a minority stake and stayed responsible for holding customer funds safely. The IMF said work continues to make Bitcoin holdings across various wallets easier to track.

The original loan terms made Bitcoin acceptance optional for businesses. They also required taxes to be paid in U.S. dollars and limited how much the government could take part in Bitcoin activity.

Both sides also agreed to update El Salvador’s rules for digital assets. The plan includes stronger oversight and risk controls for any Bitcoin the public sector holds.

The IMF’s Executive Board has not yet voted on the reviews. Until it does, and until El Salvador finishes the required steps, the extra $140 million will stay unavailable.

The post El Salvador Bitcoin Purchases Came From Private Donations, IMF Confirms appeared first on Blockonomi.

TLDR

• Bitcoin’s price could reach $250,000 to $840,000 in three to five years under a bullish model.
• The forecast relies on 20%-40% of global portfolios allocating 2%-4% to bitcoin.
• That level of adoption could mean $1.3 trillion to $5.3 trillion in new inflows.
• Financial advisers holding bitcoin rose from 22% in 2024 to 32% in 2025.
• 29 of the top 30 U.S. investment advisers now hold bitcoin, though allocations stay small.

Bitcoin’s price could climb sharply over the next three to five years, according to a new adoption model from research firm River. The model looks at how much money could flow into bitcoin as more portfolios add it.

River shared the findings in a post on X, walking through the math behind the projection. Analyst River pointed out that bitcoin ownership today is still low compared to how much wealth exists worldwide.

Only about 4% of the global population owns any bitcoin. Institutional investors hold even less, with investment advisers allocating just 0.008% of assets to the asset on average.

That gap between current ownership and potential future ownership forms the base of River’s forecast. The firm argues there is room left for adoption to grow.

How Wall Street Could Push Bitcoin Higher

River’s model assumes that 20% to 40% of global portfolios eventually allocate 2% to 4% to bitcoin. This range matches guidance many banks and asset managers already give clients.

Some firms recommend allocations between 1% and 7%. If adoption reaches River’s assumed range, bitcoin would shift from a niche holding to a common part of many portfolios.

The world’s financial assets add up to about $333 trillion. Under River’s assumptions, that would send $1.3 trillion to $5.3 trillion of new money into bitcoin.

Bitcoin’s fixed supply matters here. Unlike stocks or commodities, no new bitcoin can be created to meet rising demand, so new money entering the market has fewer places to go.

Adviser data backs up the idea that adoption is already moving in this direction. The share of financial advisers holding crypto climbed from 22% in 2024 to 32% in 2025.

Another 56% of advisers said they plan to add crypto exposure or are weighing it. Separately, 29 of the 30 largest U.S. registered investment advisers now hold bitcoin in some form.

Their median allocation sits at only 0.10% of assets, though. Adoption is spreading, but the amount of money involved per adviser remains small so far.

What Inflows Could Mean for Bitcoin’s Price

River’s model uses a multiplier to estimate how new money in bitcoin affects the price. It assumes every $1 of net inflow adds about $3 to bitcoin’s total market value.

That figure is based on past bitcoin cycles. Previous periods saw market value rise by $4.50, $3.30, and $3.10 for every dollar that flowed in.

Using the more conservative 3x figure, $1.3 trillion to $5.3 trillion in new capital would push bitcoin’s market value to between $5.5 trillion and $17.5 trillion.

That range works out to a bitcoin price of about $250,000 to $840,000 per coin, according to the model.

River noted the forecast depends on adoption trends continuing at the pace described. Slower adoption or smaller allocations would lower the outcome.

As of now, the most recent data shows 29 of the top 30 U.S. investment advisers hold bitcoin, with a median allocation of 0.10% of assets.

The post Bitcoin (BTC) Price: Model Shows $250K-$840K Range if Adviser Allocations Grow appeared first on Blockonomi.

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.

Bitcoin, once again, climbed above $80,000 after surging by 4.3% on Friday. The recent strength comes as a welcome change, as the crypto market spent much of the third quarter under pressure before a sharp rally in late August changed the tone. BTC, for one, recorded its strongest monthly gain since November 2024, which led some investors to believe the bear market may have ended.

But according to Fidelity, there is no guarantee that’s the case yet.

Possible November Bottom?

One factor in focus is Bitcoin’s historical four-year market cycle. The crypto asset has generally formed major bear-market bottoms and bull-market tops about four years apart. Since the previous bear market bottom came in November 2022, this pattern could point to another potential low around November 2026 if the cycle continues.

While Fidelity stressed that the four-year cycle is not guaranteed to repeat and that Bitcoin’s bottom may already have occurred in July, it still speculated that the cryptocurrency could fall again and set another low in November or later.

There are several catalysts that could also influence whether the crypto bear market ends. The financial giant pointed to more crypto-friendly regulation, changes in government monetary policy, the emergence of an unexpectedly popular crypto use case, and increasing institutional adoption. Price volatility is another factor the firm is watching.

Bitcoin’s previous bear markets have historically ended with a period of relatively low volatility followed by higher volatility and an upward expansion in price. Fidelity said the market experienced relatively low volatility from June through mid-August, which indicated that sellers may have become exhausted.

During that period, its analysis showed BTC and other crypto assets were trading toward the lower, or “value,” end of their historical price ranges. In late August, volatility increased sharply, with Bitcoin rising more than 25% during the third week of the month. Ethereum gained around 34% over the same period, while Solana rose 28%. Fidelity said this price behavior does not confirm that the bear market is over, but it is consistent with one possible historical pattern.

Meanwhile, events that might normally have pushed prices lower, including the Coldcard hardware wallet security exploit and the stalling of the CLARITY Act, did not result in further declines. This could support the narrative that cryptocurrencies are near a market bottom and may now be waiting for a new positive catalyst.

Crypto adoption continued to expand despite weak market sentiment. Bitwise Investments reported in early July that stablecoin transaction volume had reached 2.3 times Visa’s volume. MetaMask also reported in July that the real-world asset market had grown faster in 2026 than in any previous year.

Fidelity said this created a disconnect between adoption and prices, as activity in parts of the crypto industry kept increasing while the overall market remained in a bear market. The recent recovery could indicate that adoption and price have started to “recouple” again. An exact pattern occurred during the 2021-2022 bear market and the subsequent new bull market that began in late 2022.

CLARITY in Focus

Regulation remains another key factor for the market. The industry is still awaiting further action on the CLARITY Act, which aims to create a broader US regulatory framework for digital assets and clarify the responsibilities of federal regulators. The bill has passed the House but remains under consideration in the Senate, which leaves its timing and outcome uncertain.

The SEC also proposed Regulation Crypto Assets, which would address when certain early-stage crypto asset offerings could qualify for exemptions from securities registration requirements. The proposal is still subject to public comment and is not final, but Fidelity described it as an important step toward a more “tailored regulatory approach.”

The post Bitcoin Is Back Above $80,000, But Fidelity Says the Bear Market May Not Be Over Yet appeared first on CryptoPotato.

XRP’s spot trading volume climbed to its highest level since February during August, and the token’s price is now up roughly 8% in the last day to trade near $1.45.

The pickup in trading activity landed as the broader crypto market came back to life, with Bitcoin clearing $80,000 for the first time in a week and altcoins moving right along with it.

Volume Returns Across Major Exchanges

Data shared by CryptoQuant contributor Arab Chain showed XRP’s spot trading volume rising across several major exchanges last month, reaching its highest point since February.

Binance accounted for the largest share, logging about $7.28 billion in XRP trades during August, followed by Upbit at around $4.68 billion and Bithumb Korea at close to $2.59 billion.

Bybit processed about $1.40 billion, Gate.io around $1.33 billion, and KuCoin near $1.23 billion, while Bitget and Coinbase each came in just under the billion-dollar mark, at $918.5 million and $915.4 million, respectively.

On its own, a jump in trading volume does not point to higher or lower prices ahead. It simply means more buyers and sellers are active. Still, hitting a six-month high on volume points to a real improvement in liquidity around XRP, and if that pace holds, it could help the token absorb bigger price swings going forward.

Price Follows the Rest of the Market Higher

XRP is changing hands around $1.45 as of this writing, up more than 6% in the last 24 hours, per CoinGecko. The token has traded between $1.35 and $1.48 in the last day and between $1.31 and $1.48 in the last week, and the weekly change of just 1.4% suggests most of the recent gain came in one quick move rather than a steady climb.

Looking further out, XRP is up around 36% on the month, though it still sits about 49% below where it was a year ago and roughly 60% under its all-time high of $3.65, reached in July 2025.

The move ties into a wider rebound that took hold on Thursday, when Bitcoin pushed past $80,000 for the first time in a week, as CryptoPotato reported earlier, after briefly dipping to a 10-day low near $76,200 amid tension in the Middle East.

XRP was among the bigger movers in that stretch, gaining 9% on the day and clearing $1.40, ahead of ETH’s climb toward $2,500 and BNB’s push above $720.

The post XRP Trading Activity Hits Highest Level Since February as Price Jumps 8% appeared first on CryptoPotato.