Ukraine's openness to peace talks may shift conflict dynamics, potentially increasing chances for a ceasefire by 2026 despite ongoing hostilities.

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Liverpool's acquisition of Barcola signifies a strategic investment to fill Salah's void, potentially reshaping their attacking dynamics and future success.

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PSG's strategic sale of Barcola highlights the club's financial acumen, potentially influencing future transfer market dynamics.

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The halt in rare earth shipments highlights the deepening economic and strategic rivalry, potentially impacting global tech and defense sectors.

The post China rare earth firms halt some US shipments over geopolitical worries, sources say appeared first on Crypto Briefing.

The anticipated diplomatic efforts may slightly boost ceasefire prospects, but skepticism about the report's credibility tempers market optimism.

The post Trump envoys Kushner, Witkoff to visit Moscow, Kiev for peace talks: RT 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.

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.

Blockchain data company Bitquery published a census on Sept. 2 of four ways text appears in Bitcoin, scanning 965,135 blocks and revealing that the same words can impose very different costs on nodes.

Its study counted 13,062 OP_RETURN taunt transactions that added no spendable state, against 96,231 fake-address text outputs that remain in the unspent transaction output set.

The March 21-26, 2026, campaign named Bitcoin Core developer Luke Dashjr in the same two-sentence taunt. Bitquery counted 13,062 transactions from 13,062 sending addresses across 579 blocks, with 0.1014 BTC paid in aggregate fees. The chain records the text, timing, inputs, and fees, but it does not identify the payer, author, or motive.

Across the broader scan, Bitquery classified 4,412,782 OP_RETURN outputs as readable text. Their node cost differs from fake-address text because Bitcoin treats the two output types differently after confirmation.

Nodes do not need to retain an OP_RETURN output in the UTXO database used to check whether coins can be spent, although its data remains in Bitcoin’s block history. The Bitcoin developer guide describes this null-data construction as preferable to methods that create outputs which look spendable and burden the UTXO set.

Fake-address text places readable bytes where an address hash would normally go. A node sees an apparently spendable output, while the embedded text has no known corresponding private key.

Bitquery classified 96,231 such outputs across 3,286 transactions and estimated that they hold about 3.2 BTC that is effectively unspendable. Those outputs persist as current node state unless they are spent.

Bitcoin Core 30.0, released in October 2025, made larger OP_RETURN transactions easier to relay under its default policy. The release notes raised the default -datacarriersize setting to 100,000 and allowed multiple OP_RETURN outputs under an aggregate limit for relay and mining.

These standardness choices did not change the consensus rules that determine whether a block is valid.

Bitquery found that messages longer than the former 80-byte payload ceiling appeared only a few dozen times in most months before v30 and rose into the thousands by February 2026. Easier default propagation offers one mechanism for that rise, but the observational sequence does not show that v30 alone caused it.

The March taunt disclosed text is 62 ASCII bytes, which already fit below the former ceiling. The campaign measures the low cost of repeating OP_RETURN text after v30.

Bitquery also lacked coinbase fields for 191,427 historical blocks and did not count witness inscriptions. The study therefore compares the state consequences of four measured channels rather than tallying every piece of text embedded in Bitcoin.

Within that scope, OP_RETURN expands block history without bloating the UTXO set, while fake-address text creates the lasting node-state burden.

The post Scan reveals 96,000 fake-address outputs clogging Bitcoin’s unspent database appeared first on CryptoSlate.

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.

The forthcoming bill would pause advanced AI development, create a federal regulator, and threaten violators with up to 20 years in prison.

The model can independently discover and exploit unknown security flaws across hardened systems, triggering a staged rollout and White House review before public access.

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.

Bitcoin has decisively reclaimed its closely watched 50-week moving average.

TLDR

• Ripple CEO Brad Garlinghouse said the U.S. can still become the global center of the crypto industry.
• Garlinghouse made the comments after attending an Aug. 19 White House meeting with major crypto and financial leaders.
• The meeting included executives from Coinbase, Robinhood, Kraken, Nasdaq, Gemini, Chainlink and other firms.
• SEC Chairman Paul Atkins and CFTC Chairman Michael Selig also joined the White House gathering.
• The Trump administration continues to promote its goal of making the U.S. the “crypto capital of the world.”

Ripple CEO Brad Garlinghouse has renewed support for efforts to make the United States a global center for cryptocurrency. His comments followed a White House gathering that brought officials and industry leaders together to discuss policy direction.

Garlinghouse said the goal remains achievable despite uncertainty around crypto legislation. He wrote on X that making America the “crypto capital of the world” is within reach and called for policymakers to complete the work.

Ripple CEO Backs White House Crypto Push

The Aug. 19 White House meeting included executives from Ripple, Coinbase, Robinhood, Kraken, Nasdaq, ICE, Gemini and Chainlink. SEC Chairman Paul Atkins and CFTC Chairman Michael Selig also attended.

The administration used the meeting to restate support for keeping crypto and financial innovation in the United States. President Donald Trump said the gathering brought together leaders from finance, technology and digital assets before the first meeting of the CFTC’s Innovation Advisory Committee.

CFTC Chairman Supports U.S. Innovation Agenda

CFTC Chairman Michael Selig thanked Trump for hosting the event and said the administration wants financial innovation built in the United States. His remarks supported the White House goal of expanding domestic crypto activity.

Garlinghouse responded to Selig’s message by saying he was proud to attend the meeting. The Ripple CEO has supported clearer U.S. crypto rules and argued that regulatory certainty can help companies build and operate in the country.

CLARITY Act Faces Tight Congressional Schedule

Attention is turning to the CLARITY Act, a crypto market structure bill discussed during the White House meeting. The Senate is expected to hold an initial vote on Sept. 15, placing the legislation on a narrow schedule.

The House will remain in session for only four days after that vote. This gives lawmakers limited time to review and pass any Senate changes before leaving Washington.

Bill Could Move Into Lame Duck Session

Crypto policy analysts have warned that the CLARITY Act may not clear Congress before the midterm elections. If lawmakers fail to complete work in September, the bill could move into the post-election lame duck session.

For Ripple CEO Garlinghouse, the policy debate remains central to the U.S. crypto agenda. The White House continues to present digital asset leadership as a policy goal, while Congress faces pressure to complete market structure legislation before the year ends.

The post Can the U.S. Become Crypto Capital? Ripple CEO Responds appeared first on Blockonomi.

TLDR

• Bitcoin spot ETFs recorded $731 million in net inflows on September 3, showing strong institutional demand.
• BlackRock’s IBIT led the session with $454 million, accounting for most of the daily inflows.
• Ethereum spot ETFs also attracted fresh capital, posting $141 million in net inflows.
• Bitcoin continued holding key price levels while broader altcoin performance remained mixed.
• Traders are closely watching whether sustained ETF inflows can support Bitcoin’s next major price move.

Bitcoin spot ETFs drew $731 million in net inflows on September 3, showing that large investors continue to favor regulated crypto products. BlackRock’s IBIT led the daily total with $454 million, while Ethereum spot ETFs added $141 million in net inflows. The inflows arrived during a broader rebound that brought renewed trading activity to Bitcoin and several large cryptocurrency assets.

The latest fund activity came as Bitcoin held firm around key price levels, while many altcoins failed to match its strength. The pattern kept attention on Bitcoin as institutional demand remained active across major exchange-traded funds.

Bitcoin Spot ETFs Draw Fresh Institutional Demand

The $731 million daily inflow marked another strong session for Bitcoin spot ETFs. BlackRock’s IBIT accounted for more than half of the total, reflecting its large role in the United States Bitcoin ETF market.

Other funds also contributed to the total, though IBIT remained the main source of new capital. The figures showed that investors continued moving money into products that provide Bitcoin exposure through regulated market structures.

Ethereum Funds Also Record Positive Flows

Ethereum spot ETFs recorded $141 million in net inflows on September 3. The result added to recent evidence that institutional investors remain interested in more than one major crypto asset.

Even so, Bitcoin attracted far more capital during the session. The difference kept Bitcoin ahead in ETF demand and reinforced its position as the main institutional crypto asset in current market flows.

Bitcoin Price Holds Key Market Position

Bitcoin continued to hold important price areas while expectations for a wider altcoin rally remained limited. Its relative strength kept traders focused on whether steady ETF demand could support the market over the coming sessions.

The broader crypto market remained mixed, with price action varying across major tokens. Bitcoin’s ability to stay firm while receiving strong ETF inflows gave traders another data point to monitor alongside volume and market liquidity.

Market participants will continue tracking daily Bitcoin spot ETF data for signs of sustained demand. Persistent inflows can affect short-term sentiment, especially when large issuers such as BlackRock attract most of the new capital.

Ethereum flows will also remain important as investors compare demand across the two largest crypto assets. Future sessions will show whether current institutional buying continues, slows, or shifts toward other products as market conditions change.

The post Bitcoin Spot ETFs See Huge Inflows as BlackRock Takes Lead appeared first on Blockonomi.

TLDR

• Bitcoin climbed above $80,000 after a 4.3% Friday gain, extending its late-August recovery.
• Fidelity said the recent rally does not yet confirm that Bitcoin’s bear market has ended.
• Bitcoin’s four-year cycle could point to another possible market low around November 2026.
• Low volatility from June to mid-August may have signaled weakening selling pressure before the rebound.
• Bitcoin gained more than 25% during one week in late August, while Ethereum and Solana also posted strong gains.
• Growing stablecoin and real-world asset activity shows crypto adoption continued despite weaker market prices.

Bitcoin (BTC) price moved above $80,000 on Friday after gaining 4.3%, extending the recovery that started in late August. The rebound followed a difficult third quarter, when crypto assets faced selling pressure. Bitcoin posted its strongest monthly gain since November 2024, raising questions about whether the market has already formed a lasting bottom.

Fidelity, however, said the current recovery does not confirm that the bear market has ended. The firm continues to track Bitcoin’s historical cycle, volatility, regulation, adoption, and market conditions before concluding.

Bitcoin Price Could Still Face November Test

Fidelity pointed to Bitcoin’s historical four-year cycle as one possible guide. Major market tops and bottoms have often appeared about four years apart. Since Bitcoin reached its previous bear-market low in November 2022, the pattern could place another possible low around November 2026.

The firm noted that the cycle may not repeat exactly. Bitcoin may have already reached its bottom in July, but Fidelity said another decline remains possible. The Bitcoin price could therefore face another test later this year if selling pressure returns.

Volatility Signals Possible Seller Exhaustion

Bitcoin traded with relatively low volatility from June through mid-August. Fidelity said this period suggested that sellers may have started to lose momentum. During the same period, Bitcoin and other crypto assets traded near the lower end of their historical price ranges.

Volatility then increased sharply in late August. Bitcoin price gained more than 25% during the third week of the month. Ethereum rose about 34%, while Solana gained 28%. Fidelity said this pattern resembles past market recoveries, although it does not confirm a new bull market.

Adoption and Regulation Remain Key Factors

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

Fidelity said this created a gap between adoption and market prices. The recent Bitcoin price recovery may show that activity and prices are moving closer together again, similar to the shift seen after the 2021-2022 bear market.

Regulation also remains important. The CLARITY Act has passed the House but remains under Senate review. The SEC has also proposed Regulation Crypto Assets, which could offer exemptions for some early-stage crypto offerings.

The post Bitcoin Price Tops $80K, But Fidelity Sees One More Risk appeared first on Blockonomi.

TLDR

• An Ethereum whale sold 167,855 ETH worth about $408 million over five days, fully exiting the position.
• Ethereum traded above $2,500, gaining about 4.3% in 24 hours despite the large whale sale.
• Invesco ETF clients have recorded no net ETH selling since March 19, 2026, while accumulating roughly $167 million.
• Abraxas Capital bought 16,554 ETH worth about $39.8 million while maintaining large ETH short positions on Hyperliquid.
• A suspected Notional Finance exploit involved about $1.7 million, with stolen funds reportedly converted into 689.2 ETH.
• Ethereum’s market capitalization remained above $306 billion, while its market dominance moved above 11%.

Ethereum rose with the wider crypto market as traders tracked a major Ethereum whale sale and institutional activity. ETH traded near $2,513, up about 4.3% over 24 hours, while its market value stood above $306 billion. The moves show mixed flows across holders. One whale exited a position, while Invesco clients and Abraxas Capital continued to hold or add exposure.

Ethereum Whale Exits $408 Million Position

Lookonchain reported that an Ethereum whale sold all 167,855 ETH held in its wallet over five days. The tokens carried a value of about $408 million during the selling period.

The activity began after the wallet received a large ETH transfer at the start of September. It then sent hundreds of millions of dollars in ETH to several exchanges before completing the sale.

Despite the selling, ETH price recovered from an earlier drop below $2,400. The token later moved back above $2,500 as broader crypto prices strengthened.

Invesco Clients Extend ETH Holding Streak

Arkham data showed that Invesco ETF clients have not recorded net ETH selling since March 19, 2026. Their holding streak has now lasted almost six months.

During that period, clients accumulated about $167 million in ETH. The assets reportedly remain in custody, showing continued exposure through the period.

The buying trend contrasts with the Ethereum whale exit. It also shows that large market participants are following different strategies as ETH prices move higher.

Notional Finance Reports Suspected Exploit

PeckShieldAlert, citing Specter, reported a suspected attack involving a Notional Finance escrow or custodial contract. The incident reportedly affected about $1.7 million in DAI and USDC.

The attacker allegedly converted the stolen funds into about 689.2 ETH. The attacker then routed the tokens through Tornado Cash, according to the security report.

Details remain limited, and Notional Finance has not confirmed every part of the incident. The case adds another event for traders monitoring Ethereum-related activity.

Abraxas Capital Adds Spot ETH

Lookonchain also reported that Abraxas Capital bought another 16,554 ETH, worth about $39.8 million. The purchases took place over roughly 12 hours.

At the same time, two related Hyperliquid accounts reportedly held 120,178 ETH in short positions worth about $291.4 million. The structure points to a hedged trading setup rather than a simple long position.

Ethereum remains above $2,500 as large holders take different positions across spot and derivatives markets.

The post Ethereum Whale Exits Entire Stack—What Happens Next? appeared first on Blockonomi.

TLDR

• HOOD stock closed more than 16% higher before extending gains in overnight trading.
• Robinhood Trust Accounts have attracted over $150 million in deposits since their August launch.
• The average trust account size is about $500,000, showing demand from customers with larger portfolios.
• Robinhood Chain has recorded $34.6 billion in DEX trading volume and $1.27 billion in TVL.
• The network has processed 576 million transactions across 12.3 million addresses in roughly two months.
• More than 190 stock tokens are live, generating over $3 billion in cumulative DEX volume.

Robinhood Markets Inc. shares extended gains in overnight trading late Thursday after HOOD stock closed more than 16% higher during the regular session. The move came as the company reported strong early demand for its trust accounts and rapid activity on Robinhood Chain.

Robinhood Markets, Inc., HOOD

The updates gave traders company data as Robinhood broadened its services across brokerage, estate planning, tokenized assets, and blockchain trading.

Robinhood Trust Accounts Draw Early Demand

CEO Vlad Tenev said customers have deposited more than $150 million into Robinhood Trust Accounts since the product launched in August. The average account size stands near $500,000, showing that the service has attracted customers with larger investment balances.

Robinhood created the trust accounts for revocable living trusts, allowing trustees to manage stocks, options, and other investments within an estate planning structure. The product expands the company’s services beyond basic brokerage accounts used by individual investors.

Tenev said Robinhood first built its platform around new investors but now wants to serve customers as their financial needs change. The trust account launch gives the company another product aimed at users with growing wealth and longer-term planning needs.

HOOD Stock Gains as Robinhood Chain Expands

Robinhood also reported rising activity on Robinhood Chain, its permissionless Ethereum Layer-2 network built with Arbitrum technology. The company said the network has recorded $34.6 billion in total decentralized exchange trading volume since launch.

Robinhood Chain has also reached $1.27 billion in total value locked. The network has processed 576 million transactions across 12.3 million addresses, according to company data shared on X.

More than 190 stock tokens are now active on the network. Those tokens have generated over $3 billion in cumulative decentralized exchange volume, while perpetual trading on Lighter has reached $7.29 billion.

Investor Attention Returns to Robinhood

HOOD stock also drew attention from angel investor Jason Calacanis. He said on X that he has not sold any Robinhood shares since his early investment in the company.

Calacanis said he bought additional HOOD stock near $10 and set a personal price target of $1,500 by 2036. That target would place the shares at roughly 12 times the current price over the next decade.

Robinhood has not provided guidance tied to that target. The comment reflects one investor’s long-term view and does not represent company guidance or a consensus forecast from Wall Street analysts.

The post HOOD Stock Surges as Robinhood’s New Bets Gain Traction appeared first on Blockonomi.

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.

Remixpoint made ¥117.8 million ($746,800) from selling its altcoin holdings, and the gain is slated for recognition as business-segment revenue in the second quarter of fiscal 2027.

The company said its decision to dispose of all its altcoins and become a Bitcoin-only treasury was based on market conditions, the assets’ risk-return profiles, and its financial strategy.

Dogecoin Sale Ends in Loss

According to the official document shared by Remixpoint, Ethereum generated the largest profit at ¥60.2 million ($381,000), followed by Solana at ¥49.3 million ($312,000) and XRP at ¥11.5 million ($72,900). Dogecoin was the only outlier as the meme coin produced a ¥3.3 million ($21,000) loss.

Remixpoint still holds roughly 1,506 BTC, worth more than $115 million. Its Bitcoin strategy has also produced additional income through lending. The company reportedly earned 14.92 BTC in fees between February 24 and August 31. Those fees were valued at ¥164.2 million ($1 million) using the relevant month-end exchange rates.

The funds generated from this sale are being considered to expand assets in growth areas, including grid-scale battery storage, strengthen its financial foundation, and pursue other measures that contribute to increasing corporate value and shareholder value.

The Japanese energy consulting firm secured around ¥31.5 billion in financing back in July 2025, the proceeds of which were earmarked entirely for BTC purchases. Remixpoint had set an initial target of reaching 3,000 BTC.

During the same period, Remixpoint had also announced that its President and CEO would receive his full executive compensation in Bitcoin. The move made it the first listed company in Japan to adopt BTC-only compensation for its top executive. The company linked the decision to its goal of “shareholder-oriented management.” By paying the CEO in Bitcoin, Remixpoint said management would share economic risks and rewards with shareholders.

Fresh Pressure

Bitcoin has struggled to break above $79,000 over the past few days. The crypto asset briefly fell to around $76,500 earlier this week, its lowest level since August 23. It has since recovered and was trading near $77,700 on Thursday. Ethereum also faced pressure, falling 3.5% over the past week to around $2,400.

Meanwhile, Solana recovered slightly and was trading just above $100. Dogecoin also saw a small rebound. The meme coin gained 1.13% over the past 24 hours, which pushed its price to $0.083.

The post Remixpoint Cuts ETH, XRP Exposure After Market Review, Keeps 1,506 BTC in Treasury appeared first on CryptoPotato.

Multicoin Capital has sold another 10% of its HYPE holdings, according to blockchain analytics platform Arkham Intelligence. Still, HYPE remains its largest holding, currently worth around $90.5 million.

The investment firm had accumulated the tokens between February and March this year and has held the position for more than six months.

Slashing HYPE

Arkham stated that Multicoin held 4 million HYPE at its peak and now owns just over 25% of that amount. Earlier this week, the firm moved a large amount of the token to Coinbase Prime. On-chain data showed three separate transfers totaling 261,555 HYPE, worth about $21.7 million. The batches contained 63,235, 101,144, and 97,176 units. The transfers drew attention because they came as the crypto asset traded near its recent highs.

In June, Multicoin said it projected that HYPE could hit $319. The target came from valuing $8 billion in expected 2028 earnings at 20 times, which results in a $160 billion valuation based on an adjusted supply of about 502 million HYPE tokens. Its base case assumes crypto derivatives volume grows 35% annually, DEXs reach 32% of the derivatives market, Hyperliquid captures a 30% share, and USDC balances rise with volume.

On the other hand, its bear case puts HYPE at $109, while its bull case reaches $689 on $17.3 billion in projected cash flow. In the same report, Multicoin also compared Hyperliquid’s growth path with Binance’s rapid rise in 2017.

HYPE has been one of the best-performing assets this year. It has been on an absolute tear. The asset has gained 50% over the past month alone and recently established an all-time high of $86.71. It has since suffered a minor pullback, but continues to hover above $82.

Hyperliquid was also discussed during Donald Trump’s meeting with major crypto executives at the White House last month. Trump said CFTC Chair Michael Selig is working to bring the perpetuals-focused trading platform into the US. He said the goal is to make Hyperliquid operate in a “fully compliant and legal fashion.” The meeting also covered Bitcoin, the Digital Asset Market Clarity Act, and efforts to expand crypto activity in the US.

Due for a Drop?

While the broader outlook remains bullish, one trader is betting on a drop. Pseudonymous market watcher “swarmik” shared a bearish view on the token. The trader said it could fall 17.2% based on a four-hour chart setup while pointing to signs of weakness in the market structure. Heavy selling liquidity could push the price lower.

However, a potential correction could create an opportunity for a short position, with three downside targets being $76.77, $72.68, and $68.49. The trade would carry a risk level of 1.5R, according to the analysis.

The post Multicoin Sells Another 10% of HYPE Stack as Holdings Fall From 4 Million Tokens appeared first on CryptoPotato.