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.

The US strikes may destabilize Iran's regime, potentially paving the way for regime change and the return of exiled figures like Reza Pahlavi.

The post US strikes deepen Tehran debate over compromise or confrontation appeared first on Crypto Briefing.

China's growing influence in energy markets may reshape global oil dynamics, potentially driving future price increases and market shifts.

The post Sechin: China, not OPEC, now dominant in global energy markets appeared first on Crypto Briefing.

The House's session cancellation may hinder timely legislative progress, impacting digital asset market regulation and investor confidence.

The post House cancels September sessions, risking CLARITY Act delay appeared first on Crypto Briefing.

Rising European gas prices highlight the vulnerability of energy markets to geopolitical tensions, potentially impacting economic stability.

The post European gas prices rise for fourth week amid Middle East tensions 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.

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.

Bitcoin flagged by blockchain data provider Bitquery as linked to the 2026 Coldcard hardware-wallet theft crossed into Ethereum this week after a tracked 20.5 BTC stash began moving. The route shifted the case from a largely parked stash to an active cross-chain trail.

The Sept. 2 activity began when 20.49703196 BTC left an address that Bitquery's classification file lists as “reported,” attacker-controlled and tied to Wave 3. The funds passed through two fresh Bitcoin addresses, both later emptied, according to the tracker's movement data.

Bitquery places the origin in its reported tier, below its confirmed addresses. The controller remains unidentified, and links between the wider drain waves remain unresolved.

THORChain is a cross-chain swap protocol. The live tracker recorded 34 swaps on Sept. 2–3 that routed 20.45 BTC of traced value into Ethereum. Its broader total was 20.69 BTC across 36 swaps because it also included two earlier swaps totaling 0.24 BTC on Aug. 2.

Most of the total, 20.15 BTC across 26 swaps, was routed toward 0x160a7A4c067B084F03400c6980Ac29F73F6782f6. Another 0.30 BTC went through eight swaps to a second Ethereum address, while the two August swaps named a third.

Bitquery's dated table shows THORChain protocol memos naming the principal destination for representative Sept. 2 and Sept. 3 Bitcoin transactions.

The principal Ethereum address held a rounded 649.5 ETH and had sent no outgoing transactions at Bitquery's 16:15 UTC check on Sept. 3. By 17:25 UTC, a Blockscout balance response showed 644.4974 ETH.

The roughly 5 ETH decline marked a change after the earlier snapshot.

Most identified Bitcoin remains parked

At Bitcoin block 965,339, Bitquery counted 1,402.59 BTC still sitting in identified addresses and fully traceable, including 1,396.33 BTC that had never moved. The tracker classified the 20.69 BTC routed through THORChain separately as watched on Ethereum.

An independent Bitcoin-block-derived dataset reports Waves 1-3 separately from a 64.90373764 BTC Wave 4 and says the chain cannot determine whether the same operator was responsible. Galaxy Research has likewise said it cannot definitively link all of the wave footprints.

The Sept. 2-3 swaps turn a largely parked-funds case into an active cross-chain trace, with the principal Ethereum address still holding about 644.5 ETH at the latest check.

The post Parked Coldcard loot begins moving as attacker routes $1.6M in stolen Bitcoin to Ethereum 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.

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.

House Republicans’ decision to cut the September legislative session short could significantly delay the CLARITY Act.

TLDR

• Palantir stock jumped 7.7% on Thursday, marking its strongest single-day gain in about a month.
• The rally followed an expanded partnership with PwC US to bring Palantir’s AI and analytics tools to more enterprise clients.
• Palantir already works with Deloitte and Accenture, giving the company several major consulting partners for enterprise AI projects.
• Michael Burry renewed his bearish view on Palantir, arguing that its roughly $440 billion valuation remains difficult to justify.
• Burry raised concerns about receivables, deferred revenue, stock-based compensation and executive spending, while warning of a possible sharp valuation decline.

Palantir (PLTR) stock rose 7.7% on Thursday, marking its strongest gain in a month. The move followed an expanded partnership between Palantir Technologies and PwC US, giving the company a channel to bring AI tools to clients. The rally came after two losing sessions. It also arrived one day after investor Michael Burry renewed his bearish view on Palantir and questioned whether its market value reflects its business model.

Palantir Stock Gains on Expanded PwC Partnership

PwC US said the expanded relationship will combine its business transformation work with Palantir’s data and AI software. The firms plan to help clients improve operations, support decisions and apply AI across businesses. Patrick Pugh, PwC US Global Alliances and Ecosystem Leader, said the opportunity in AI extends beyond individual projects. He said companies can use the technology to change how they run operations.

Palantir already works with Deloitte and Accenture on enterprise AI projects. Those partnerships cover data analysis, workflow automation, enterprise systems, and AI use. Burry criticized Palantir on Wednesday, arguing that the company operates more like a consulting business than a traditional software provider. He also said its valuation, near $440 billion, leaves room for a sharp decline.

The investor pointed to rising receivables, a lower deferred-revenue ratio than some software peers, stock-based compensation, tax benefits and executive spending. He warned that Palantir could eventually fall below a $100 billion valuation. Burry first disclosed a bearish position in PLTR last November. Since then, he has continued to question the company’s valuation and AI-related demand.

Retail Sentiment Remains Cautious

Retail sentiment on Stocktwits remained bearish on Thursday despite the Palantir stock rally. Some traders criticized Burry’s repeated negative calls and argued that his view does not match Palantir’s business momentum. Other users focused on valuation and future growth expectations. The discussion showed that traders continue to weigh AI demand against concerns about price, revenue quality, and long-term returns.

The PwC announcement gives Palantir another major consulting partner as companies increase AI spending. Investors will watch whether these relationships support revenue growth and broader adoption. At the same time, Burry’s latest comments keep valuation concerns in focus. Palantir stock remains tied to business expansion and investor expectations around AI growth.

The post Palantir (PLTR) Stock Surges on PwC Deal as Burry Warns Again appeared first on Blockonomi.

TLDR:

• ARB price gained more than 50% in seven days and roughly 23% in 24 hours, while daily trading volume climbed above $500 million.
• ArbitrumDAO reported $6.19 million in first-half income from four revenue lines carrying a combined gross margin above 97%.
• Robinhood Chain generated $360,000 in July licensing fees, representing about 35% of ArbitrumDAO’s income for that month.
• Arbitrum’s tokenized real-world asset market reached $1 billion, while first-half network transactions totaled 478 million.

ARB price traded near $0.136 on September 3 after gaining more than 50% over seven days. The token rose roughly 23% within 24 hours, placing Arbitrum among the week’s strongest performers.

The rally followed the Arbitrum Foundation’s first-half progress update. ArbitrumDAO recorded $6.19 million in income during the first six months of 2026. Separate July figures showed Robinhood Chain adding a new licensing stream after its mainnet launch.

Trading activity accelerated sharply with the move. Daily volume topped $500 million, around nine times the previous week’s daily average. Futures open interest climbed 35%, showing increased leveraged exposure alongside spot demand.

ARB Price Gains Support From Expanding DAO Revenue

The first-half update gives investors a clearer view of ArbitrumDAO’s finances. Its $6.19 million income came from four revenue lines carrying a combined gross margin above 97%. The figures show that network activity and commercial agreements can generate income beyond token market movements.

Robinhood Chain became an additional contributor after launching its mainnet in July. The network uses Arbitrum technology through an expansion program. Participating chains return 10% of net protocol revenue to the Arbitrum ecosystem under that arrangement.

Robinhood Chain generated $360,000 in licensing fees during July, its first mainnet month. That payment represented about 35% of the DAO’s income for the month. The Foundation said July income alone put third-quarter revenue on course to exceed second-quarter revenue by more than 40%.

The deployment also recorded much heavier activity than Arbitrum One during one cited 24-hour window. Robinhood Chain processed $1.43 billion in decentralized exchange volume and generated $3.75 million in fees. Arbitrum One recorded $193 million in volume and about $14,700 in fees during the same period.

ARB price rose while those commercial figures attracted wider market attention. The move also came with a sharp increase in turnover. Higher open interest shows traders added futures positions, although it also raises the market’s exposure to liquidations during sudden reversals.

Arbitrum RWA Growth Strengthens Its Tokenization Position

Arbitrum’s tokenized real-world asset market reached $1 billion, expanding the network’s role in blockchain-based finance. The ecosystem ended the half with more than 2,000 deployed RWA assets, ranking first by asset count. Ethereum continued to lead the sector by total value locked.

Tokenized assets use blockchain rails to represent instruments such as funds, bonds, and equities. Their deployment can expand settlement options while connecting traditional products with decentralized infrastructure services.

Broader network usage also expanded during the period. Arbitrum processed 478 million transactions in the first half, lifting lifetime transactions above 2.7 billion. Average monthly stablecoin transfer volume surpassed $70 billion, another measure of settlement activity across the ecosystem.

These network measures provide fundamental context for the ARB price recovery. They do not guarantee that fee income will create direct token demand. Traders still need to assess whether activity, DAO revenue, and ecosystem adoption translate into sustained buying pressure.

Crypto analyst Crypto Patel says ARB had recovered from an earlier entry zone. The analyst identified possible levels at $0.49, $1.20, $2.42, and above $5. Those figures represent an individual forecast rather than confirmed targets.

The near-term ARB price structure depends on buyers holding the recent advance after a fast weekly move. Profit-taking could increase after the 50% gain, especially with futures exposure growing. Continued volume would help show whether demand can absorb sales without erasing the breakout.

ARB price also remains more than 95% below its 2024 all-time high. That distance gives the $5 projection important context, since reaching it would require a substantial revaluation. At the reporting time, ARB traded near $0.136 with circulating supply around 6.68 billion tokens.

The post ARB Price Soars More Than 50% as Arbitrum DAO Income Hits $6.19M appeared first on Blockonomi.

TLDR:

• Bitcoin price trades above the 50-week moving average near $81,041, placing the weekly close at the center of the technical outlook.
• A weekly close above $82,814 would create the first higher high of the decline and challenge the established bearish market structure.
• Bitcoin futures volume reached roughly $84.74 billion, while open interest climbed to about $57.86 billion during the price advance.
• BTC liquidations totaled approximately $229.56 million, including $214.81 million in shorts and only $14.74 million in longs.

Bitcoin price trades above its closely watched 50-week moving average after a strong daily advance. BTC reached $81,797 before easing toward $81,400, leaving traders focused on the weekly close. The move places the $82,000 to $83,000 resistance zone within immediate reach. Scott Melker identifies $82,814 as the decisive level for the weekly structure.

A close above that price would create Bitcoin’s first higher high since the decline began. It would also confirm strength above the long-term average. Bitcoin price therefore sits near a technical threshold that could challenge the sequence of lower highs and lower lows. That close now matters.

Bitcoin Price Firmly Retakes the 50-Week Moving Average

Market analyst Ted Pillows has highlighted  the 50-week moving average near $81,041. Bitcoin spent much of the past year below this indicator, turning it into a ceiling during the decline. The latest move carried BTC firmly through that area on the daily chart. The weekly settlement will determine whether buyers can hold the recovery.

An earlier breakout attempt failed near the same level. Bitcoin reached $81,265 on August 25, while the average stood near $81,085. Sellers rejected that advance before a confirmed weekly break developed. The current candle shows stronger momentum, but price still needs to hold through the close.

Bitcoin price also approaches $82,814, which Melker views as the structural trigger. Clearing that mark would produce the first higher high after months of declining peaks. That change would invalidate a central feature of the bearish trend. It would also place BTC above the nearby resistance band between $82,000 and $83,000.

The 50-week moving average carries added weight because it has capped Bitcoin during previous bear markets. Weekly closes often stayed below it until those downtrends approached their final stages. A sustained recovery would not guarantee further gains, but it would alter the market structure monitored by technical traders. Momentum depends on buyers defending the reclaimed average through the final weekly settlement.

Bitcoin price has also lifted the wider cryptocurrency market. BTC traded above $81,800 during the advance and gained nearly 6%. Ethereum, BNB, and Cardano recorded gains during the same market move. Their performance shows that buying extended beyond Bitcoin during the session.

Derivatives Activity Builds Near the $82,814 Resistance

CoinGlass reports roughly $84.74 billion in Bitcoin futures volume over 24 hours. Open interest rose to about $57.86 billion, showing that leveraged exposure increased alongside price. This positioning can strengthen short-term moves when forced closures accelerate market orders. It can also magnify volatility when prices reverse.

Liquidations reached approximately $229.56 million across Bitcoin positions during the same period. Short positions accounted for $214.81 million, compared with only $14.74 million in long liquidations. The imbalance shows that bearish traders absorbed most of the forced losses during the rally.

Bitcoin price benefited from that short-covering pressure while crossing the 50-week moving average. Traders closing bearish positions must buy back exposure, adding demand during an advance. Still, rising open interest means substantial leverage continues to sit in the futures market.

The next test centers on the $82,000 to $83,000 band and the exact $82,814 resistance marker. A weekly close above both levels would confirm a higher high and strengthen the breakout signal. Failure to hold the long-term average would leave the August rejection relevant for traders.

Bitcoin price is now trading between confirmed support from the reclaimed average and resistance near the recent threshold. Market participants will watch whether spot buying can sustain the move after the liquidation surge.

Futures positioning will also show whether new exposure follows the breakout or leverage begins to unwind. CoinGlass figures place short liquidations at more than fourteen times long liquidations during the measured 24-hour period. Weekly settlement will show whether buyers convert resistance into support.

The post Bitcoin Price Targets $82,814 After 50-Week Average Breakout appeared first on Blockonomi.

TLDR:

• Securitize and Dubai’s VARA signed an MoU to advance regulated tokenization market efforts.
• The partnership will give licensed market participants access to Securitize’s global expertise.
• Collaboration will focus on ecosystem growth, talent attraction, and financial market education.
• Executives said regulatory clarity will shape where tokenized capital markets will take root.

Securitize has signed a Memorandum of Understanding with Dubai’s Virtual Assets Regulatory Authority to advance regulated tokenization across the emirate.

The agreement, announced on September 3, 2026, aims to strengthen digital asset infrastructure and support Dubai’s ambition to lead global tokenized financial markets.

Under the MoU, both parties will share expertise, encourage institutional participation, and promote research and talent development within Dubai’s regulatory framework. The partnership signals growing regulatory engagement with tokenization worldwide.

Securitize and VARA Outline Collaboration Framework

The MoU sets up a structure for ongoing cooperation between Securitize and VARA. Both organizations plan to work together on knowledge sharing and ecosystem development within Dubai’s virtual asset sector.

Licensed market participants operating under VARA’s oversight will gain access to Securitize’s global tokenization experience.

Securitize confirmed the announcement through a post on its official X account. The company described the agreement as a step toward advancing tokenization and digital asset infrastructure throughout Dubai. It also noted the deal supports Dubai’s goal of becoming a leading jurisdiction for regulated tokenized markets.

A follow-up post outlined additional areas of focus under the partnership. These include exploring tokenization initiatives, supporting talent attraction, and encouraging market education across Dubai’s ecosystem. Data-driven research and the development of new tokenized financial products were also listed as shared priorities.

According to the companies, projects may be initiated or facilitated directly by VARA. The collaboration is designed to operate within Dubai’s existing regulatory framework rather than outside it. This structure is intended to maintain market integrity while allowing innovation to continue.

Executives Comment on Dubai’s Regulatory Vision

Carlos Domingo, Co-Founder and CEO of Securitize, addressed the partnership in a public statement. He said Dubai “has established itself as one of the world’s most forward-looking jurisdictions” for digital asset innovation.

Domingo added that collaboration between regulators and industry is becoming increasingly important as tokenization advances.

Domingo also spoke about Securitize’s role in the broader shift toward onchain capital markets. He said the company is “proud to support VARA’s vision” of a trusted, well-regulated digital asset ecosystem. His comments tied the partnership directly to Securitize’s ongoing institutional tokenization efforts.

Matthew White, CEO of VARA, also commented on the agreement’s purpose. He said Dubai’s ambition is that financial markets be shaped “not only by new technologies” but by supportive regulatory frameworks. White noted this approach gives institutions confidence to adopt emerging digital asset tools.

White further described the Securitize partnership as reinforcing Dubai’s broader market position. He said the collaboration supports development of regulated tokenized markets within the emirate. White framed the agreement as strengthening Dubai’s standing as a global capital markets center.

The post Securitize Signs MoU with Dubai’s VARA to Advance Regulated Tokenization appeared first on Blockonomi.

TLDR:

• Coinbase filed SEC notices this week covering its derivatives exchange and brokerage business.
• The notice registrations create a regulatory pathway involving both the SEC and CFTC together.
• Coinbase already offers single-stock perpetuals abroad on stocks like Apple, Tesla, and Nvidia.
• Trading dates, leverage limits, and supported stocks for the U.S. remain undisclosed for now.

Coinbase is moving to bring single-stock perpetuals to the United States, filing SEC notice registrations this week. The filings cover its derivatives exchange and its brokerage unit.

The move marks an early step toward offering leveraged exposure to individual stocks. Traders would gain that exposure without owning the underlying shares.

Coinbase said it intends to work closely with the SEC and the CFTC. The goal is to bring more financial products onshore.

Coinbase Files Notice Registrations With The SEC

Coinbase Derivatives filed Form 1-N with the SEC to cover its exchange operations. Coinbase Financial Markets separately filed Form BD-N for its brokerage business.

Together, the two filings create a regulatory pathway involving both the SEC and CFTC. The company describes this coordination as an important step for competitiveness in digital asset markets.

In a public statement, Coinbase said it is working to bring single-stock perpetuals to the U.S. The company said it filed SEC-notice registrations this week for its derivatives exchange and broker.

It added that it will be “collaborating closely with the SEC and CFTC” to bring more major financial products onshore.

Faryar Shirzad, Coinbase’s chief policy officer, called the filing the first step toward offering equity perpetuals domestically. He said single-stock perpetuals have already shown strong demand in international markets.

Shirzad added that Coinbase is “excited at the prospect of a regulated pathway for U.S. investors.” He said the next milestone involves product approval from the CFTC.

The filings establish a framework but do not guarantee an immediate product launch. Coinbase has not released trading start dates or contract specifications.

Leverage limits and the list of supported stocks also remain undisclosed at this stage. Traders and market watchers will likely wait for further guidance before the product becomes available.

International Perpetuals Offer Early Clues

Coinbase already offers single-stock perpetuals to eligible customers outside the United States. Its current lineup includes shares of Apple, Microsoft, Alphabet, and Amazon. Nvidia, Meta, and Tesla are also part of the existing international offering.

These overseas contracts allow continuous trading without a fixed expiration date. They use funding mechanisms common to perpetual futures products in crypto markets. Traders gain price exposure to the underlying stock rather than shareholder rights such as voting or dividends.

The structure mirrors how crypto perpetual swaps already operate on many exchanges. Applying that model to individual equities could appeal to traders seeking leveraged stock exposure. Regulatory approval in the U.S. would extend this format beyond digital assets alone.

Coinbase framed the coordination between the SEC and CFTC as necessary for the U.S. to remain competitive. The company said investors already want access to these products.

Whether approval arrives quickly may depend on how regulators respond to the joint filings. For now, U.S. traders will continue to watch the process unfold.

The post Coinbase Files SEC Notices to Launch Single-Stock Perpetuals in the U.S 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.