The EU's focus on Russia's hybrid threats highlights potential for increased military tensions and necessitates vigilant monitoring of geopolitical dynamics.

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India's tokenized bond pilot could revolutionize institutional debt markets by enhancing settlement speed, reducing risks, and lowering costs.

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This unprecedented dialogue may ease tensions and foster military communication, impacting future US-China relations and Taiwan's security dynamics.

The post Chinese general responsible for Taiwan meets US Indo-Pacific commander for first time appeared first on Crypto Briefing.

Chinese banks' strategy could stabilize onshore dollar liquidity, influencing global capital flows and easing geopolitical financial tensions.

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Jane Street's loss highlights the volatility and risks of heavy AI exposure, prompting a reevaluation of investment strategies in tech sectors.

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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.

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.

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.

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 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.

Key Highlights

• Mesh and Bybit Pay have joined forces, enabling 80 million exchange users to make direct crypto payments from their account balances
• The partnership eliminates the withdrawal step previously required before making purchases on Mesh-enabled platforms
• Merchants already connected to Mesh can activate Bybit Pay without additional technical integration work
• Mesh’s infrastructure connects over 300 cryptocurrency wallets, exchanges, and financial service providers
• The payments infrastructure company secured $75 million in January at a $1 billion valuation, with discussions underway for a Binance-led $2 billion funding round

The payments division of cryptocurrency exchange Bybit has formed a strategic alliance with Mesh, a crypto payments infrastructure company. This partnership enables users to make purchases using digital currencies stored directly in their Bybit exchange accounts on participating merchant platforms.

Previously, the payment process required users to complete several intermediate steps: withdrawing cryptocurrency from the exchange, manually converting assets, or moving funds to an external wallet. This integration eliminates those friction points.

Technical Implementation Details

The payment flow is straightforward. When shopping on a Mesh-integrated platform, users who see Bybit Pay among checkout options can complete their purchase directly using their Bybit account balance—no preliminary withdrawal required.

From a merchant perspective, implementation is equally seamless. Companies already using Mesh’s infrastructure can enable Bybit Pay functionality through their existing connection without additional technical development.

According to Bybit, merchants gain access to Mesh’s programmable settlement features, allowing them to customize payment processing across different markets. The system supports currency conversion at the transaction level—customers can pay with one cryptocurrency while merchants receive payment in a different asset, including stablecoins or traditional fiat currency.

The partnership announcement left several details unspecified, including which digital currencies are supported, applicable transaction fees, and geographic availability. Merchants retain discretion over whether to enable Bybit Pay for their customer base.

Mesh’s Infrastructure and Growth

Mesh provides the underlying technology that bridges cryptocurrency wallets, trading platforms, and financial applications. The company’s network currently encompasses more than 300 integrated platforms.

Originally established as Front Finance, Mesh has attracted over $200 million in cumulative investment. The company’s most recent Series C financing secured $75 million with Dragonfly Capital as lead investor, joined by Coinbase Ventures, PayPal Ventures, and additional backers.

According to an Axios report from July, Binance is negotiating to lead a subsequent funding round that would value Mesh at approximately $2 billion. Neither organization has issued official confirmation of this potential investment.

Beyond commercial applications, Mesh has entered the government payments sector. Bermuda implemented Stellar blockchain technology for official government transactions through a Mesh-powered integration in May.

Bybit’s stated user base of 80 million customers has not been subject to independent verification.

Tax Considerations for United States Residents

The geographic scope of this Bybit Pay-Mesh integration remains ambiguous regarding United States availability. While Bybit characterized the launch as global, specific information about US market access was not provided.

US residents who utilize cryptocurrency payment systems should understand the tax implications. The Internal Revenue Service classifies digital assets as property, which means any crypto expenditure constitutes a taxable disposal event.

Taxpayers must determine capital gains or losses by comparing the original cost basis against the asset’s fair market value when the transaction occurs. Documentation requirements include recording the specific asset, transaction quantity, dollar equivalent, and precise timing.

Cryptocurrency brokers must also comply with reporting obligations. Gross proceeds reporting for covered cryptocurrency transactions became effective January 1, 2025, followed by cost basis reporting beginning January 1, 2026.

The Bybit Pay payment option became accessible to businesses connected to Mesh’s network starting September 3, 2026.

The post Bybit Pay Partners With Mesh to Enable Direct Crypto Spending From Exchange Accounts appeared first on Blockonomi.

Key Highlights

• Kraken’s parent entity Payward has formed a strategic alliance with SoFi to integrate banking and crypto trading systems
• Kraken will list SoFiUSD, a stablecoin backed by US dollars
• Digital asset liquidity routing will be handled through Kraken Prime for SoFi
• Round-the-clock dollar settlement becomes available for institutional users across both ecosystems
• This collaboration advances Kraken’s expansion into conventional financial services as it prepares for public listing

Payward, the entity behind cryptocurrency exchange Kraken, has forged a strategic alliance with financial technology company SoFi aimed at merging SoFi’s instantaneous banking infrastructure with Kraken’s digital asset trading capabilities. The collaboration was revealed on September 3, 2026.

Through this arrangement, Payward becomes a participant in the SoFi Exchange Network (SEN), which operates as SoFi’s instantaneous dollar settlement infrastructure. Additionally, Kraken will provide trading access to SoFiUSD, a stablecoin pegged to the US dollar and issued by SoFi Bank.

Introduced in 2026, SoFiUSD serves payment and settlement functions, with backing maintained through cash holdings and short-duration United States Treasury securities.

Benefits for Both Partners

Through Kraken Prime, SoFi will execute digital asset transactions using sophisticated order routing capabilities. This arrangement provides SoFi with liquidity access spanning numerous trading platforms instead of relying on a single marketplace.

In return, Payward obtains entry to SoFi’s continuous dollar settlement infrastructure and corporate banking offerings. According to both organizations, qualified custody solutions may be incorporated as the relationship develops.

With a membership base of 15.8 million users, SoFi currently provides cryptocurrency trading functionality within its mobile application. During Q2 2026, crypto-related transaction revenue reached $134.3 million, representing a 10% increase compared to Q1.

Corporate and institutional users operating on either platform will gain the ability to transfer dollars and handle liquidity beyond conventional banking operating hours.

According to Payward Co-CEO David Ripley, “Millions of people will buy their first crypto asset inside the app they already use for their paycheck.”

Payward’s Broader Traditional Finance Strategy

This partnership represents one component of Payward’s comprehensive strategy to extend its operations beyond cryptocurrency trading.

Reports emerged earlier this week indicating that London Stock Exchange Group entered into a partnership with Payward to provide tokenized British equities via a new trading platform called LSE 24, operating 24 hours daily, five days weekly, with a planned 2027 launch.

Last month, Kraken introduced continuous access to S&P 500 exposure via its funded trading offering. Plans include adding commodities trading in the future.

Kraken has also developed its tokenized securities platform, xStocks, following its acquisition of Backed Finance in early 2026. This infrastructure has facilitated exposure offerings connected to initial public offerings including SpaceX and Jersey Mike’s.

From a regulatory perspective, Payward filed an application with the Office of the Comptroller of the Currency seeking approval for a national trust company charter in May. Meanwhile, Kraken Financial, its Wyoming-chartered banking entity, secured a Federal Reserve master account in March.

In November 2025, Payward confidentially filed a draft IPO registration with the SEC. Current reports indicate the public listing has been delayed until Q2 2027 at minimum.

The post Payward and SoFi Join Forces for Round-the-Clock Dollar Settlement in Crypto Markets appeared first on Blockonomi.

TLDR

• UiPath revenue climbs 13% as ARR nears $2 billion in fiscal Q2 2027 results.
• PATH stock sinks 8.63% pre-market despite stronger quarterly revenue growth.
• UiPath posts $410 million revenue as ARR rises 12% year over year in fiscal Q2.
• UiPath targets up to $1.794 billion in revenue for the full fiscal year 2027.
• Leadership changes and new automation products support UiPath’s growth plans.

UiPath (PATH) reported stronger second-quarter results as revenue climbed 13% and annual recurring revenue increased 12% year over year. However, PATH stock dropped 8.63% to $16.67 in pre-market trading after closing 1.28% higher at $18.22. The results showed continued business growth, but the market response placed pressure on shares before Friday’s opening bell.

UiPath Inc., PATH

UiPath Revenue Climbs 13% as ARR Approaches $2 Billion

UiPath generated $410 million in second-quarter fiscal 2027 revenue, representing a 13% increase from the previous year. Meanwhile, annual recurring revenue reached $1.938 billion by July 31, marking 12% year-over-year growth. The company also added $37 million in net new annual recurring revenue during the quarter.

UiPath recorded a dollar-based net retention rate of 109%, showing continued spending across its existing customer base. GAAP gross margin reached 80%, while the adjusted gross margin stood at 82% during the reporting period. These margins showed that UiPath maintained strong profitability levels while expanding its automation platform.

The company also reported $32 million in GAAP operating income during the second quarter. Adjusted operating income reached $89 million, while operating cash flow totaled $31 million. UiPath ended July with $1.405 billion in cash, equivalents, and marketable securities.

UiPath Raises Focus on Growth Through New Leadership Structure

UiPath also changed several senior leadership positions as the company prepares for its next stage of expansion. Ashim Gupta will now concentrate entirely on his responsibilities as chief operating officer. His role will focus on sales execution, demand generation, and customer delivery.

UiPath promoted Hitesh Ramani to chief financial officer after several years within the company’s finance organization. Ramani previously served as deputy chief financial officer and chief accounting officer since 2021. The company also appointed Brad Brubaker as chief legal and administrative officer.

UiPath expanded its board by appointing Yazdi Bagli, an enterprise technology executive from Kaiser Permanente. The company expects the leadership changes to improve accountability across finance, operations, legal functions, and workforce management. These changes come as UiPath works to strengthen execution while expanding its business automation offerings.

UiPath Issues Strong Fiscal 2027 Revenue and ARR Outlook

For the third quarter, UiPath expects revenue between $440 million and $445 million. The company also projects annual recurring revenue between $1.992 billion and $1.997 billion by October 31. Adjusted operating income should reach approximately $100 million during the quarter.

For fiscal 2027, management expects revenue between $1.789 billion and $1.794 billion. UiPath also forecasts annual recurring revenue between $2.065 billion and $2.070 billion by January 31, 2027. Adjusted operating income should reach approximately $445 million for the full fiscal year.

UiPath has also expanded its product lineup to support more complex enterprise automation processes. The company recently introduced Maestro Case for workflows involving investigations, approvals, exceptions, and multiple business systems. It also launched Maestro Flow, which helps developers design, operate, monitor, and manage automated processes from development through production.

The post UiPath (PATH) Stock|: Falls Pre-Market Despite 13% Revenue Growth Q2 and Strong ARR Gains appeared first on Blockonomi.

FUNToken has added JUP to its growing list of supported tokens, creating another direct route for users to access $FUN and participate in the expanding FUNToken ecosystem.

With the integration, users can deposit JUP and have it automatically converted into $FUN with 0% conversion fees. The addition is part of FUNToken’s continued effort to make $FUN accessible to users across a broader range of tokens and networks.

JUP Is Now Supported

JUP holders can now use their tokens to access $FUN without having to manually complete a separate conversion before entering the ecosystem.

The process is designed to be straightforward: users deposit JUP through the supported deposit flow, and the balance is automatically converted into $FUN.

For users already holding JUP, this creates a simpler path to begin using $FUN across FUNToken’s growing ecosystem.

Expanding the Utility Around $FUN

Improving accessibility is only one part of FUNToken’s broader development.

Throughout 2026, the ecosystem has continued to introduce new ways for users to earn, hold, and use $FUN. These include flexible staking with hourly rewards, referral rewards, community initiatives, and an expanding portfolio of Android games where players can earn real $FUN rewards.

At the same time, FUNToken has continued improving the infrastructure around the token, giving users more options for accessing and interacting with $FUN.

The goal is to build an ecosystem where accessibility and utility grow together: more ways to get $FUN, combined with more reasons to hold and use it.

A Growing Supported Token Network

JUP joins a supported token lineup that has expanded significantly throughout 2026.

FUNToken has introduced support for a variety of assets across different blockchain ecosystems, including USDT, USDC, DAI, WBTC, SOL, LINK, SHIB, BONK, PEPE, WIF, UNI, and AAVE.

By supporting a broader selection of assets, FUNToken gives users greater flexibility to move from tokens they already hold into $FUN.

The addition of JUP represents another step in this expansion as FUNToken continues building a more accessible ecosystem around $FUN.

Looking Ahead

FUNToken’s development throughout 2026 has focused on expanding both the reach and practical utility of $FUN.

New supported tokens, growing gaming experiences, staking opportunities, referral rewards, and community-focused features are all contributing to a broader ecosystem where $FUN can play an increasingly active role.

As that ecosystem continues to develop, additional integrations such as JUP can help introduce $FUN to new users while giving existing community members greater flexibility in how they access the token.

About FUNToken

FUNToken ($FUN) is a digital token focused on building utility across gaming, rewards, staking, and community-driven experiences.

The FUNToken ecosystem gives users multiple ways to earn, hold, and use $FUN, including flexible staking with hourly rewards, referral opportunities, community rewards, and a growing portfolio of Android games offering real $FUN rewards with no ads or paywalls.

FUNToken continues to expand its ecosystem, supported-token network, and real-world token utility with the goal of making $FUN increasingly accessible and useful to a growing global community.

The post FUNToken Expands Token Accessibility with Support for JUP 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.