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Bullish, the regulated digital asset exchange trading publicly on the NYSE under ticker BLSH, has made STX available for trading on its platform. The move gives institutional investors a compliant gateway to Stacks, the layer-1 network that brings smart contracts and decentralized applications to Bitcoin without modifying Bitcoin’s base layer.

What Bullish brings to the table Bullish operates under regulation from the Gibraltar Financial Services Commission (GFSC) and has received approval from the New York Department of Financial Services (NYDFS). The exchange offers 24/7 access to digital assets and launched a tokenized equity trading platform in 2025. For context, Bullish went public via a SPAC merger and trades on the New York Stock Exchange.

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Why STX, and why now STX is the native token of the Stacks network. It serves triple duty: paying transaction fees, participating in Proof of Transfer (PoX) mining, and earning Stacking rewards.

A PoX-5 hard fork is scheduled for July 2026, designed to advance the network’s technical capabilities. Beyond that, Stacks has been piloting a Bitcoin staking initiative with institutional participants like HashKey Cloud, with a broader launch targeted for mid-2026.

The Grayscale Stacks Trust and the 21Shares Stacks ETP already exist, giving traditional finance players exposure to STX through familiar investment vehicles. Bullish’s listing adds another access point on the exchange side rather than the fund wrapper side.

The Bitcoin DeFi angle There was no flashy announcement or coordinated marketing push around this listing. STX simply appeared on Bullish’s trading interface. Current reporting lacks specific metrics on volume impacts following the listing, suggesting a period of observation is necessary to assess its full effects.

Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.

The cryptocurrency market broadly and subtly recovers on Thursday, led by Bitcoin’s (BTC) rise near $78,000. This follows persistent declines from the August peak near $81,500. Altcoins, including Ethereum (ETH) and Ripple (XRP), mirror BTC’s neutral-to-bullish outlook, trending higher above $2,400 and $1.37, respectively.

Appetite for risk assets remains relatively elevated, as reflected in the Fear & Greed Index. Market sentiment rose to 65 in the Greed territory on Thursday,  up marginally from 63 the previous day. Steady, positive market sentiment provides a much-needed tailwind to sustain price increases.

Crypto Fear & Greed Index | Source: AlternativeBitcoin attracts ETF inflows as Ethereum and XRP see outflowsBitcoin spot Exchange-Traded Funds (ETFs) saw inflows totaling $101 million on Wednesday. This followed $236 million in outflows recorded on Tuesday. Meanwhile, cumulative inflows edged up slightly to $54.71 billion, from $54.61 billion over the same period. Total assets under management average $97.22 billion.

Bitcoin ETF flows | Source: SoSoValueEthereum spot ETFs turned bearish on Wednesday, with outflows amounting to $48 million. The pullback comes after 12 straight days of inflows. Cumulative inflows currently stand at $13 billion, with net assets under management at $15 billion.

Ethereum ETF flows | Source: SoSoValueUS-listed spot XRP ETFs similarly saw outflows totaling $7 billion on Wednesday, breaking 11 consecutive days of inflows, according to SoSoValue. Cumulative inflows are holding steady at $1.68 billion, with net assets under management at $1.42 billion.

XRP ETF flows | Source: SoSoValueIf Ethereum and XRP continue to experience outflows, supply could weigh on price action, reducing the odds of sustained recovery. For now, positive market sentiment could cushion the tokens and prevent a sharp sell-off.

Technical analysis: Bitcoin rebounds as bulls returnBitcoin trades near $78,000, extending its advance well above the main Exponential Moving Averages (EMAs), which now underpin a bullish near-term bias and suggest a firmly supported trend after the recent breakout.

At the same time, the Relative Strength Index (RSI) at 67 shows strong but not yet overbought momentum. By contrast, the Moving Average Convergence Divergence (MACD) indicator prints in negative territory, suggesting bullish pressure remains strong but is losing steam after the sharp run-up.

BTC/USDT daily chartImmediate support is at the current pivot zone around $78,000, with a deeper corrective slide likely to target the 200-day EMA at $72,458 first. Below that, the 50-day EMA at $70,601 and the 100-day EMA at $69,406 form a broader demand cluster that should attract buyers on a more pronounced pullback while the broader trend remains constructive.

Altcoins technical outlook: Ethereum and XRP defend key support Ethereum trades at $2,404, holding a clear bullish bias as price consolidates well above the short-, medium- and long-term EMAs, all reinforcing a supportive underlying trend despite the latest pullback from recent highs.

Momentum remains constructive, with the RSI around 62, suggesting positive but not extreme buying pressure, while the MACD shows the line below its signal and retreating, hinting at a cooling phase rather than a full-fledged reversal.

ETH/USDT daily chartImmediate support lies at the current pivotal area around $2,400, followed by the 200-day EMA at $2,172, the 50-day EMA at $2,137 and the 100-day EMA at $2,060. As long as ETH holds above these clustered EMA supports, dips are likely to attract buying interest, keeping the broader path of least resistance pointed higher and leaving room for the pair to resume its advance once the current momentum consolidation runs its course.

As for XRP, the spot price hovers above $1.37 as bulls gain ground from support tested on Wednesday near $1.30. The pair also holds above major moving averages including the 50-day, 100-day and 200-day EMAs, which collectively suggest a constructive bullish bias in the near term.

The RSI near 60 hints at still-positive but moderated upside pressure after the recent overbought readings, while the MACD has slipped below its signal line and turned slightly negative, suggesting waning momentum rather than a full reversal at this stage.

XRP/USDT daily chartOn the downside, initial support is at the 200-day EMA around $1.35, with a deeper floor near the confluence of the 50-day and 100-day EMAs in the $1.22 region should a larger pullback unfold. With no nearby overhead indicator-defined resistance on the daily chart, price action around $1.37 itself functions as a short-term pivot, and a sustained hold above the 200-day EMA would keep the bullish bias intact, while a daily close below that level would open the door for a test of the mid-$1.20s support cluster.

(The technical analysis of this story was written with the help of an AI tool. Know more.)

Crypto ETF FAQs An Exchange-Traded Fund (ETF) is an investment vehicle or an index that tracks the price of an underlying asset. ETFs can not only track a single asset, but a group of assets and sectors. For example, a Bitcoin ETF tracks Bitcoin’s price. ETF is a tool used by investors to gain exposure to a certain asset.

Yes. The first Bitcoin futures ETF in the US was approved by the US Securities & Exchange Commission in October 2021. A total of seven Bitcoin futures ETFs have been approved, with more than 20 still waiting for the regulator’s permission. The SEC says that the cryptocurrency industry is new and subject to manipulation, which is why it has been delaying crypto-related futures ETFs for the last few years.

Yes. The SEC approved in January 2024 the listing and trading of several Bitcoin spot Exchange-Traded Funds, opening the door to institutional capital and mainstream investors to trade the main crypto currency. The decision was hailed by the industry as a game changer.

The main advantage of crypto ETFs is the possibility of gaining exposure to a cryptocurrency without ownership, reducing the risk and cost of holding the asset. Other pros are a lower learning curve and higher security for investors since ETFs take charge of securing the underlying asset holdings. As for the main drawbacks, the main one is that as an investor you can’t have direct ownership of the asset, or, as they say in crypto, “not your keys, not your coins.” Other disadvantages are higher costs associated with holding crypto since ETFs charge fees for active management. Finally, even though investing in ETFs reduces the risk of holding an asset, price swings in the underlying cryptocurrency are likely to be reflected in the investment vehicle too.

Standard Chartered has activated institutional Bitcoin and Ether spot trading in the UAE through its DIFC entity, making it the first global systemically important bank (G-SIB) to offer this capability in the region.

The move extends the bank’s UK spot-trading desk, launched in July 2025, into one of the world’s fastest-growing institutional crypto markets.

For Gulf-based allocators, family offices, and asset managers, this is a meaningful shift. It means executing on BTC and ETH no longer requires opening a separate crypto venue. The bank you already use for FX now runs the trade.

What Standard Chartered Is Actually Offering, and How It Works The product is institutional Bitcoin and Ether spot trading, deliverable, not cash-settled. Eligible clients access it through Standard Chartered DIFC’s electronic trading channels, using the same FX-style interfaces they already operate on.

Settlement can go to any custodian the client chooses. That includes Standard Chartered’s own UAE digital-asset custody solution, which the bank launched in September 2024.

This means the operational loop is now complete inside one institution. Clients can mint and redeem USDC through the same DIFC platform, hold BTC or ETH in bank-grade custody, and execute spot trades, all without touching a pure-crypto venue.

That is precisely how institutional flow scales beyond early adopters.

Rola Abu Manneh, CEO for UAE, Middle East and Pakistan at Standard Chartered, stated that extending Bitcoin and Ether spot trading capability to institutional clients is a significant step in broadening the bank’s regulated digital asset proposition.

She added that combining execution with custody and global bank connectivity gives clients a more integrated path into digital asset markets.

Christopher Parsons, Senior Executive Officer at Standard Chartered DIFC, noted that DIFC provides a regulated platform for deploying global capabilities.

He said the UAE launch demonstrates that model, pairing Standard Chartered’s global markets expertise with a regulated regional base.

Why the UAE Is the Right Second Market, and What It Means for the Region Standard Chartered has been assembling a full-stack digital-asset offering in the Gulf for over a year. The DIFC spot-trading desk is the execution layer that was missing.

The bank already runs UAE custody, USDC mint-and-redeem rails, and, as CoinGape reported, plans for institutional crypto prime brokerage. That stack now has a buy-and-sell button on top.

The UAE context makes the timing logical. The country has built a state-linked Bitcoin reserve, becoming one of the few sovereigns with direct BTC exposure.

Large Gulf allocators, including Mubadala, have increased holdings in BlackRock’s Bitcoin ETF, signalling that institutional appetite in the region is real and growing.

The regulatory environment has followed. DFSA, ADGM, and VARA have all moved to attract institutional players.

Bitcoin Suisse recently secured an Abu Dhabi FSRA license for institutional crypto services.

BitGo expanded its electronic crypto trading into MENA. Standard Chartered’s edge over both is the bank balance sheet, the DIFC entity, and the existing FX interface, not the coin count.

For European comparison, Standard Chartered also secured a MiCA licence to strengthen its digital asset strategy in Europe.

The UAE launch makes clear that the bank is building a multi-jurisdictional institutional digital-asset network, not running a single-market pilot.

Settlement for clients who prefer a familiar custody rail can go through Standard Chartered-backed Zodia Custody’s institutional wallet infrastructure.

That gives the desk a regulated, bank-adjacent settlement option alongside independent custodians.

Two caveats are worth noting for investors. First, this is an eligible-client-only product, not a retail offering.

Second, Basel crypto risk weights remain punishing for balance-sheet warehousing, so the bank is acting as an execution gateway, not a principal market-maker.

Liquidity will still sit with crypto market-makers behind the FX wrapper. But for institutions that have been waiting for a G-SIB to open the door, the door is now open.

From on-chain data to charting, explore these free crypto tools every investor should know.

Hargreaves Lansdown, one of the UK’s largest retail investment platforms, is making Bitcoin and Ether exchange-traded notes (ETNs) available to its 2 million UK investors, ending its status as the largest retail investment platform to hold back from offering crypto products.

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Nine ETNs from six issuers, including BlackRock’s iShares, WisdomTree and 21Shares, are now listed on the platform, with annual fees ranging from zero to 0.35%. The products will be available through Hargreaves’ Advanced Investing service and are subject to additional investor safeguards.

The move comes after the FCA lifted its ban on retail access to crypto ETNs in October 2025.

Despite the regulatory change, adoption has remained relatively modest, with industry participants citing limited access through tax-advantaged accounts and the need for greater investor education.

Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.

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Standard Chartered has expanded its regulated digital asset business in the United Arab Emirates (UAE) with spot Bitcoin and Ethereum trading for institutional clients, adding the service to a regional crypto offering that already includes custody.

The London-headquartered bank introduced digital asset custody in the UAE in September 2024. In June 2026, it followed with a banking agreement allowing CoinMENA to use Standard Chartered for fiat on- and off-ramps, client money accounts and transaction management through virtual accounts.

The bank is providing the new service through Standard Chartered DIFC, an entity regulated by the Dubai Financial Services Authority (DFSA).

Institutional Clients Gain Spot Crypto Access Eligible institutions can access spot Bitcoin (BTC) and Ethereum (ETH) trading through electronic trading channels integrated into Standard Chartered’s existing platforms.

Standard Chartered said Thursday that it is the first Global Systemically Important Bank (G-SIB) to offer the capability in the UAE and the only global bank currently providing institutional digital asset spot trading in the region.

Other Platforms Seek UAE Crypto Approvals The launch comes amid broader efforts by cryptocurrency and trading businesses to secure regulatory authorization for digital asset products in the UAE.

Capital.com disclosed plans in August to provide spot crypto services to UAE clients after its affiliate, Capital Vault UAE, obtained a virtual-asset licence from the country’s Capital Market Authority (CMA).

Revolut also moved to expand its crypto services in July, when the neobank received in-principle approval from Dubai’s Virtual Assets Regulatory Authority to provide crypto-related services in the UAE.

DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.

Dogecoin becomes only losing bet for Japan-listed firm as it sells altcoins for bitcoin

Coinbase says the rollout makes it the first major crypto-native platform to offer direct native crypto futures in Canada, giving eligible users access to perpetual and dated futures tied to $BTC, $ETH, $SOL and other digital assets.

Filling a Regulatory GapGlobal crypto derivatives volume stands at roughly 4.4 times that of spot trading, yet until now Canadians had no regulated market through which to access those contracts. Before this launch, traders seeking exposure to crypto derivatives were largely forced to turn to offshore or unregulated venues.

The products are offered through Coinbase Financial Markets (CFM), a futures commission merchant registered with the US Commodity Futures Trading Commission (CFTC), operating in Canada under foreign dealer and futures commission merchant exemptions.

What Is on OfferThe initial lineup covers 23 crypto perpetual and dated futures, five commodity futures and the Coinbase 50 (COIN50) Index. Commodity contracts include gold, silver and oil. All contracts are nano-sized to lower upfront capital requirements, with leverage of up to 10 times available and the ability to go long or short. Access is restricted to customers who meet the platform's eligibility requirements.

The Canadian launch is part of Coinbase's broader "everything exchange" strategy, which aims to blend crypto and traditional financial products under one roof. Coinbase Canada has operated as a restricted dealer since April 2024 and is currently pursuing Canadian Investment Regulatory Organization (CIRO) dealer status.

The derivatives rollout comes shortly after Coinbase announced an expanded partnership with Webull in Canada, supplying custody and trading infrastructure behind Webull Canada's crypto offering through its Crypto-as-a-Service platform. The exchange has also been active elsewhere: earlier in 2026 it launched futures for traders in 26 European countries, and in July it secured a MiFID licence in the UK, opening the door to equities and derivatives there as well.

Sources:
CoinTelegraph: Coinbase Launches Crypto Futures With 10x Leverage in Canada
Cryptopolitan: Coinbase Opens Regulated Crypto Derivatives to Canadian Traders
Crypto Economy: Coinbase Introduces Native Crypto Derivatives in Canada Through CFM Approval

Cover image via depositphotos.com Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

On September 2, U.S. investor demand for cryptocurrency ETFs was clearly divided, with Bitcoin drawing in new investment, while Ethereum, XRP, and Solana products all saw daily net outflows.

Surge of spot ETF inflowsThe most recent ETF data shows that during the session, Bitcoin spot ETFs saw net inflows of $101.15 million. As a result, their total net assets increased to $97.22 billion, while their cumulative net inflows reached about $54.73 billion. Additionally, daily trading volume for Bitcoin ETFs was approximately $1.73 billion, significantly higher than that of any other category of cryptocurrency ETF.

XRP/USDT Chart by TradingViewThe picture for the main altcoins was significantly worse. Despite maintaining positive 30-day flows of $1.83 billion, Ethereum ETFs saw daily net outflows of $48.08 million. Their total inflows are still around $13.03 billion, indicating that the most recent withdrawal is not as large as the total amount of capital that has been accumulated over time.

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Withdrawals are spikingEvery day, XRP had to deal with an even greater withdrawal. Together, the five XRP ETF products recorded outflows of $57.20 million. Nonetheless, cumulative net inflows are approximately $1.68 billion, and XRP's 30-day figure is still positive at $165.22 million.

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Of the three, Solana had the biggest outflow, losing $6.13 million over the course of the day. Its overall figures are still positive: SOL ETFs have drawn $197.60 million over the past 30 days and roughly $1.34 billion overall.

The divergence indicates that, rather than completely giving up on cryptocurrency ETF exposure, investors are currently viewing Bitcoin as the safer option during a time of uncertainty. Some of this hesitancy is also reflected in price action.

Following its spectacular August surge toward $1.70, XRP is currently trading at $1.36, testing the 200-day moving average at $1.35. If XRP is to avoid the correction continuing toward its 20-day EMA at $1.29, it is crucial to hold onto this level.

As a result, the ETF data shows conflicting results. Although altcoin products are experiencing short-term redemptions, their 30-day flows are still positive. While its biggest rivals moved in the opposite direction, Bitcoin has regained the strongest immediate institutional demand, adding more than $100 million.

A hacker linked to the third wave of Coldcard wallet thefts has started swapping stolen Bitcoin for Ether through THORChain.

Galaxy head of research Alex Thorn took to X on Wednesday to report that the third-wave exploiter moved about 10% of the stolen funds, with 90% remaining untouched. Thorn said it marked the first time funds from any of the three waves had moved onchain from the original hacker addresses.

“The hacker appears to be having some issues swapping all the funds through THORChain — they keep getting refunded and he keeps retrying,” he said.

Thorn said onchain analysts traced the funds through THORChain to a new Ethereum address, adding that he shared it with relevant authorities and crypto companies. It remains unclear whether the attacker will attempt to further obscure or move the assets through an exchange, he added.

The transfers follow a Coldcard exploit that Galaxy Research linked to the theft of at least 1,789 Bitcoin from 8,865 addresses, worth about $114.7 million at the time they were stolen. Blockchain security company CertiK reported in August that hackers linked to the exploit had sent 64 Bitcoin and 200 Ether to cryptocurrency mixers such as Tornado Cash.

The latest movement comes days after Thorn said the Coldcard attackers remained active, citing the Aug. 28 sweep of a deliberately weakened researcher wallet designed to test the attackers’ ability to find vulnerable keys.

Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.

The Commodity Futures Trading Commission is seeking to dismiss CME’s lawsuit challenging the agency’s approval of Kalshi’s Bitcoin perpetual futures in May.

According to a Sept. 2 filing shared by Jake Chervinsky, CEO of Hyperliquid Policy Center, the CFTC called the suit “much ado about nothing,” arguing that CME lacks standing and has not presented a viable legal claim.

The agency said CME has not identified any restriction preventing it from offering the same type of perpetual futures, making the lawsuit an attempt to challenge the CFTC’s regulatory classification rather than an actual competitive injury.

The CFTC also defended its decision to classify the products as futures rather than swaps, arguing that “perpetual futures are futures.”

The agency said CME’s core objection is not that the agency lacks authority to approve the contracts, but that it disagrees with how the products were legally classified. It added that CME has failed to show any concrete harm from Kalshi’s contracts.

CME Group has sued the CFTC over the regulator’s decision to let Kalshi offer Bitcoin perpetual futures, setting up a major clash over whether prediction markets can expand into products traditionally offered by derivatives exchanges.

Perps contracts let traders maintain leveraged positions on crypto prices indefinitely because they have no expiration date. The CME argues that the CFTC’s approval violated the Commodity Exchange Act and Dodd-Frank by allowing Kalshi to offer a product that does not meet the traditional characteristics of a futures contract.

CME said the agency’s decision was issued without public comment or reasoned decision-making and has caused “textbook competitive injury” by allowing Kalshi to compete directly for customers in the crypto derivatives market. Kalshi has since brought numerous crypto perpetuals to market.

The CFTC has rejected the challenge, calling it “frivolous” and accusing CME of fighting the administration’s pro-innovation agenda, while Kalshi said CME is simply afraid of competition.

Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.

Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.

Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.

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Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.

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Former UK Prime Minister Truss: Bond crash may force government into emergency spending cuts

Former UK Prime Minister Liz Truss said the surge in global government bond yields stems from "high debt and currency debasement" across countries, and the UK is one of the major economies with the most prominent risks. She said the Bank of England "printed money and diluted the currency" through quantitative easing, causing UK borrowing costs to rank among the fastest-rising among major developed economies, with the 10-year government bond yield rising to about 5.2% and the 30-year approaching 6%. Truss said that unless supply-side reforms accelerate economic growth and control spending, the UK may be forced to implement "mandatory emergency spending cuts." Meanwhile, the US 10-year Treasury yield has risen back above 4.8%, and gold and Bitcoin have pulled back from highs after earlier sharp gains.

JPMorgan Global Investment Strategy Head: US Treasury yields approaching 5% could trigger a 5% to 8% pullback in global equities

Grace Peters, Global Investment Strategy Head at JPMorgan Chase Private Bank, said that if the 10-year US Treasury yield rises to around 5%, it could trigger a 5% to 8% pullback in global equities, but it would be more like a "healthy correction" than a structural peak. The 10-year US Treasury yield has already risen to about 4.8%, and the 30-year yield hit a 19-year high, with the market betting that policymakers may be forced to raise rates again. Peters noted that US and European second-quarter corporate earnings grew about 30% and 15% respectively, which is hard to sustain, but earnings expansion covers sectors such as financials, industrials, and utilities, which is healthier than being driven solely by tech stocks. She maintained her core view that a "capex supercycle will drive an earnings supercycle" and is bullish on US and emerging market equities.

Tron's on-chain USDT supply increased by $4 billion over the past month to $94.27 billion, surpassing the Ethereum chain

Data shows that over the past month, USDT supply on Tron increased by $4 billion to $94.27 billion, with the total now surpassing USDT supply on Ethereum.

Bhutan government address just transferred out 400 Bitcoin, approximately $30.62 million

On-chain data shows that the Kingdom of Bhutan government address transferred out 400 BTC 15 minutes ago, worth approximately $30.62 million at current prices.

US Treasury Secretary Bessent: (On Iran and sanctions issues) Digital asset-related parties may become sanctions targets

US Treasury Secretary Bessent said the US is communicating with any parties supporting Iran and warned that airlines, shipping companies, and digital asset-related parties may become targets of a new round of sanctions. He said the US will systematically "remove bad actors" regarding Iran and advised all parties to stay away from related transactions and cooperation on Iran and Russia issues, stressing that support should not be provided to those regimes.

"Mini non-farm payrolls" came in below expectations

US August ADP employment increased by 38,000, the smallest gain since January and below market expectations of 48,000.

Nvidia CEO Jensen Huang: Calls on G20 members to allow expansion of AI infrastructure

Nvidia CEO Jensen Huang and US Commerce Secretary Lutnick attended a G20 technology event held in North Carolina. Nvidia CEO Jensen Huang called on Group of Twenty (G20) members to accelerate the adoption of artificial intelligence to drive economic growth and urged the world's major economies to expand data centers and other infrastructure to support this emerging technology. Huang said: "Every country needs to build infrastructure so that it can support its own economy." He compared the technology to water, electricity, and other utilities. "This is the great equalizer," he said. In his remarks, Huang said the "worst outcome" for a country would be to "fall behind." He warned that this could happen if the public and policymakers let concerns about AI dominate discussions about the technology.

A whale long approximately 45,000 ETH sold 1,500 ETH to add margin and reduce liquidation risk

A whale on Hyperliquid who is long approximately 45,000 ETH has sold 1,500 ETH due to liquidation risk, cashing out about $3.75 million and realizing a profit of $618,000, with the USDC proceeds added to the platform as margin. Currently, the floating loss on the approximately $107 million long position has widened to about $4.8 million, and the latest liquidation price is $2,173.36, leaving only about $207 of room from the current price.

US Mint to begin selling 2026 Trump portrait $1 coins

The US Mint will begin selling rolls and bagged products of the Trump portrait $1 coin commemorating the 250th anniversary of the founding of the United States at 12:00 pm Eastern Time on September 2 (12:00 am Beijing time on September 3). A roll of 25 coins is priced at $61, and a bag of 100 coins is priced at $154.50. Additionally, 250,000 coins minted on July 4 with a special "July 4th" mark will be randomly mixed into the products. The coin is made of copper alloy, with a face value still of $1, and can be used as legal tender.

Bubblemaps: CHUMP token suspected of being highly controlled by a single entity, about 80% of tokens concentrated in clustered addresses

About 80% of the Solana ecosystem Trump parody meme coin CHUMP is concentrated in clustered addresses, and the project is promoted by multiple crypto Twitter KOLs. On-chain data shows that before the token surged, more than 75 new wallets were injected with similar amounts of SOL within a short period and then bought about 80% of CHUMP. These wallets had no prior on-chain activity, and funds were transferred through multiple layers of new addresses, Uniswap transactions, and Relay. Bubblemaps said it is still unclear who actually controls the token, but the funding sources and transaction patterns are highly similar, suggesting control by a single entity, and advises investors to participate with caution.

Physical AI company Lyte completes $165 million Series C round led by Maverick Silicon

PANews, September 2 - According to Bloomberg, physical AI company Lyte announced the completion of a $165 million Series C funding round led by Maverick Silicon, with participation from Fidelity Management & Research, Atreides Management, Key1 Capital, and Ora Global, at a post-money valuation of $1.6 billion. Founded in 2021 by former Apple and PrimeSense engineers, Lyte focuses on providing robots with a complete perception technology stack from custom chips and multimodal sensors to spatial software. To date, the company's cumulative funding has reached $272 million. This round of funding will be used to expand production scale of its perception chips and its LyteVision platform, and to advance AI perception capabilities and commercial deployment of robotics.

Coinbase launches regulated crypto and commodity derivatives contracts in Canada

Coinbase, through its CFTC-regulated futures commission merchant Coinbase Financial Markets, has launched 23 crypto asset perpetual and dated contracts (covering Bitcoin, ETH, SOL, etc.), 5 commodity futures (including gold, silver, and crude oil), and the COIN50 index futures for eligible investors in Canada. The new products support nano contracts and up to 10x leverage, helping institutional and sophisticated investors conduct hedging and directional trading with lower capital requirements. Coinbase is also offering a limited-time promotional fee rate of "0.02% per transaction plus $0.11 per contract."

Kimi parent company Moonshot AI launches Hong Kong IPO, plans to raise funds at a $50 billion valuation

Kimi's parent company Moonshot AI has confidentially submitted an A1 application to the Hong Kong Stock Exchange, officially initiating the Hong Kong IPO process. At the same time, the company is advancing a new funding round at a pre-money valuation of approximately $50 billion, which is expected to be the final round before the IPO. Citing public and market information, the report said Kimi has accelerated its model iteration this year, successively releasing K2.5, K2.6, and K3, with updates at a pace of roughly one version every three months. On the revenue side, Kimi's ARR surpassed $100 million in early March this year and grew to around $300 million by mid-June; after the release of K3, enterprise-side ARR increased severalfold. Along with rising call volume and computing power demand, Moonshot AI has raised its valuation from about $4.3 billion at the end of 2025 to the current approximately $50 billion through multiple funding rounds.

Spot gold rises 1% intraday, spot silver's intraday gain expands to 2%

Data shows spot gold rose 1% intraday and is now at $4,372.30 per ounce. Spot silver's intraday gain expanded to 2% and is now at $65.35 per ounce.

Market news: Prediction market platform Kalshi prepares to apply for U.S. crude oil perpetual contracts

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Nvidia and Meta rise more than 2%, SPCX falls more than 2%

According to Binance market data, Nvidia's stock price rose 2.29% intraday to $222.41, and Meta rose 3.5% intraday to $598.79. In addition, SPACE X (SPCX) fell 2.04% intraday to $139.32.

Robinhood Meme coin FAMI's market cap briefly exceeds $30 million, up over 400% intraday

PANews, September 2 - According to GMGN data, the Robinhood Chain ecosystem Meme coin FAMI briefly exceeded $30 million in market cap, touching a high of $30.99 million, and is now at about $29.1 million, up over 452.5% intraday. Nasdaq-listed company Farmmi (FAMI) saw its stock price surge today, and market attention may be related to trader Rune's latest disclosed plan for "Nasdaq low-market-cap stock tokenization + Meme coin." Rune said he has spent about $1.8 million to acquire a 37.4% stake in a Nasdaq-listed company and plans to tokenize the related equity on Robinhood Chain, while also launching a Meme coin paired with the tokenized stock. He subsequently stated that the relevant content was generated by Claude based on his requirements. It is currently impossible to confirm whether Farmmi is directly related to the plan described by Rune, and the related narrative has not been officially confirmed. Meme coin prices are highly volatile, so please be aware of trading risks.

Farmmi (FAMI) hits intraday high of $0.5, with gains once exceeding 300%

According to Binance market data, Nasdaq-listed company Farmmi (FAMI) surged on heavy volume, with the latest stock price at $0.469, up more than 294%; it hit an intraday high of $0.5, with gains once exceeding 300%.

Bloomberg ETF analyst: Bitcoin's correlation with U.S. stocks over the past six months is lower than that of gold and U.S. Treasuries

Bloomberg ETF analyst Eric Balchunas posted that over the past six months, Bitcoin's correlation with U.S. stocks has been lower than that of gold, small-cap stocks, emerging market assets, and U.S. Treasuries. He said Bitcoin's historical correlation with U.S. stocks has remained roughly around 0.4, while the linkage between gold and U.S. Treasuries with U.S. stocks has risen significantly in the recent period. Balchunas said that although this time window is short, it is enough to refute the claim that "Bitcoin is just another QQQ."

Trump proposes renaming the Strait of Hormuz to "Trump Strait"

Trump posted on the social platform Truth Social that after the United States "controls the Strait of Hormuz," consideration should be given to renaming it "TRUMP STRAIT," saying that this would make the region "hotter than ever before," just like America.

Google launches Gemini 3.8 Flash reasoning model, available to Pro and Ultra users starting today

Google Gemini announced that its latest Gemini 3.8 Flash model is available to Pro and Ultra users starting today. The company said the model will provide more reliable and comprehensive answers in tasks such as everyday topic action recommendations, text analysis, and complex coding, enhancing practicality and execution efficiency in high-frequency usage scenarios.

Meme coin speculation spreads to Nasdaq, agricultural products supplier Farmmi's stock price surges 350%

Nasdaq-listed Chinese agricultural products supplier Farmmi saw its stock price surge as much as 350% on Wednesday, briefly touching $0.50 from $0.12 before pulling back to about $0.18, with trading volume exceeding 720 million shares (nearly 90 times the average daily volume). The surge was related to trading activity in the Meme coin JINQIAN on Robinhood Chain, which is paired with Farmmi's stock token FAMI, drawing speculators' attention and prompting them to buy Farmmi's actual shares. The Meme coin's peak implied valuation was about $60 million, 10 times the listed company's actual market cap. However, the FAMI token is not an official stock token issued by Robinhood, has no issuance or redemption mechanism, and buying the token is not equivalent to buying Farmmi stock.

CZ: Some "hot money" is flowing back from AI to crypto

Binance founder Changpeng Zhao posted on X that some "hot money" is flowing back from AI to crypto. He emphasized that the monetary economy will not disappear, and both humans and AI still need funds.

Fed Beige Book: Economy growing moderately, data center and AI investment serve as important support

The Fed's Beige Book shows that U.S. economic activity has grown moderately since early July. Of the 12 Fed districts, 10 recorded slight to moderate growth, and 2 saw no change. Consumer spending increased slightly, but consumers became more price-sensitive, while high-end consumption remained strong; auto sales were sluggish due to weak confidence, high oil prices, and rising financing costs. Manufacturing activity picked up in most regions, with some areas reporting strong demand for defense and data center-related orders. Job market growth slowed, with only a slight overall increase; labor demand was relatively good in manufacturing, construction, and other sectors, but declined in retail and hospitality. On prices, most regions reported moderate price increases, and cost pressures from energy, transportation, raw materials, and tariffs persisted. Businesses generally expect a positive economic outlook, but remain attentive to uncertainty from energy prices, policy, and international conflicts. The report's mentions of artificial intelligence and data centers also reflect the prominent role these two types of investment play in current economic activity. The full text mentions artificial intelligence 19 times and data centers 25 times.

Meta releases Muse Spark 1.3 model, advancing personal AI agent development

Meta released the Muse Spark 1.3 model update on Wednesday, saying that this version delivers significantly improved performance in coding and intelligent agent tasks. Meta AI head Alexandr Wang said the new model is "competitive with frontier models" and will pave the way for future personal AI agent products, helping users achieve AI assistants that can work on their behalf around the clock. Muse Spark 1.3 is priced the same as the previous version, and Wang called this pricing strategy "aggressive." Meta also said its "contributor tier" option has been well received by developers. The program substantially reduces coding product costs by allowing Meta to use developers' work to improve its models, and a "meaningful double-digit percentage" of developers have already chosen this option. Wang said that as model capabilities improve, safety issues have become an important topic within Meta, and the company is increasing investment in safety and alignment. Muse Spark 1.3 will go live on Muse Code and the Meta API the same day, and the highest-reasoning version will be released after additional safety testing is completed.

Broadcom Q3 FY2026 revenue was $29.591 billion, up 86% year-over-year

Broadcom's Q3 FY2026 revenue was $29.591 billion, up 86% year-over-year, compared with $15.952 billion in the same period last year and market expectations of $29.362 billion; adjusted EPS was $3.32, up 96% year-over-year, versus analyst expectations of $3.23. Q4 revenue guidance was $34.8 billion, compared with market estimates of $35.05 billion. On the earnings call, Broadcom's CEO said the company raised its FY2026 AI business revenue guidance from $56 billion to $58 billion, up 186% year-over-year; by 2027 the company has secured supply to double AI revenue to about $115 billion; and it expects AI semiconductor revenue to double again in FY2028 to $230 billion. Broadcom's CEO said that this quarter the company began volume production and delivery of the next-generation TPU 8I version product to Google; the new Google TPU performance is on par with or better than Nvidia's Vera Rubin. After the earnings release, Broadcom fell more than 6% in after-hours trading at one point, then turned positive during the earnings call.

Kraken parent Payward postpones IPO to as early as Q2 2027

People familiar with the matter revealed that Payward, the parent company of U.S. crypto exchange Kraken, has postponed its IPO plans to as early as the second quarter of 2027. Payward completed an $800 million financing at a $20 billion valuation in November 2025 and then confidentially submitted its S-1 registration statement, but subsequently shelved the IPO plan due to unfavorable market conditions. Amid the IPO delay, Payward has continued to expand its business through acquisitions - it completed the acquisition of derivatives platform Bitnomial in May and stablecoin payment platform Reap in July, and subsequently agreed to acquire Magic Labs' wallet infrastructure business, planning to transform Kraken from a crypto exchange into a broader financial services platform. The company's adjusted revenue in the second quarter was $508 million, up 17% year-over-year, with funded accounts increasing to 6.6 million and platform assets reaching $40 billion.

U.S. CFTC plans to introduce rules to address potential conflicts of interest between prediction market exchanges and affiliated trading firms

The U.S. Commodity Futures Trading Commission (CFTC) is reviewing relevant rules to address possible conflicts of interest between prediction market exchanges and their affiliated trading firms.

Analyst: Bitcoin's correlation with U.S. stocks over the past six months is lower than gold, small-cap stocks, and U.S. Treasuries

Bloomberg ETF analyst Eric Balchunas posted on X that over the past six months, Bitcoin's correlation with U.S. stocks has been lower than that of gold, small-cap stocks, emerging markets, and even U.S. Treasuries. Balchunas pointed out that Bitcoin's correlation with U.S. stocks has remained around 0.4, while the correlation of gold and Treasuries with U.S. stocks has risen significantly. Although a six-month sample period is relatively short, this data refutes the claim that "Bitcoin is just a high-beta substitute for the Nasdaq 100 Index (QQQ)."

Whale that unstaked 2.886 million HYPE at the end of July has completed liquidation, with a profit of $132 million

The whale or institution that unstaked 2.886 million HYPE at the end of July has completed liquidation, transferring the final 969,000 HYPE ($79.18 million) to Coinbase Prime and FalconX 20 minutes ago. It accumulated and staked at about $19.8 early last year, and liquidated at about $64.9 over the past month, making a profit of $132 million (+228%).

Glassnode: Bitcoin remains in range-bound trading, with resistance at $83,000 to $86,000

Glassnode's latest weekly report noted that after the August short squeeze, Bitcoin briefly rebounded above $80,000, then encountered resistance in the long-term supply zone of $83,000 to $86,000 and pulled back to $76,000. Compared with the same price level in May, the current percentage of supply in profit has risen from 65% to 68%, because summer accumulation reset the short-term holder cost basis to about $71,000, and the same price level activated more profitable coins, expanding potential selling pressure. Spot Bitcoin ETFs saw average daily inflows of $290 million during the rebound, but daily trading volume was only about $3 billion, far below previous expansion-period levels, and policy-driven inflows lacked sustained momentum. On the macro front, the U.S. 10-year Treasury yield briefly declined and then rebounded to 4.8%, a new cycle high. Glassnode believes that before the $83,000-$86,000 supply zone is absorbed, the $62,000-$65,000 support range is the main downside reference level.

Robinhood Chain single-day fees reached $3.75 million, exceeding the combined total of Solana, Ethereum, and Base

According to Castle Labs data, Robinhood Chain's 24-hour on-chain fee revenue reached $3.75 million, exceeding the combined total of Solana, Ethereum, and Base.

Report: Beware of fake GTA 6 leaked version websites; connecting wallets may lead to multi-chain asset theft

According to a Malwarebytes report, scammers are exploiting the popularity of "GTA 6" to build phishing websites that claim to sell leaked versions of the game for $50 or 1 SOL, luring visitors to connect wallets and sign malicious transactions. The website contains about 2.4MB of malicious scripts that can identify wallet assets on seven chains: Ethereum, Polygon, BNB Chain, Avalanche, Arbitrum, Base, and Fantom, and immediately transfer assets or obtain permissions for subsequent transfers of tokens and NFTs based on the permissions signed by victims. The script checks visitor IPs before triggering, avoiding 10 countries including Armenia and Russia. Malwarebytes advises users to be wary of any website claiming to sell leaked versions of GTA 6, carefully review authorization content before signing transactions, and refuse operations that transfer entire balances or request token access permissions.

Michael Saylor: Strategy's "Total Reserve Capital" exceeds all S&P 500 financial companies except Berkshire

Strategy Executive Chairman Michael Saylor posted on X that Strategy's current Total Reserve Capital has exceeded all financial services companies in the S&P 500 except Berkshire Hathaway. As of August 30, the company held 845,050 BTC, with a total cost of $63.73 billion and about $6.71 billion in dollar assets.

Two whales purchased $35.1 million and $7.66 million worth of HYPE respectively today

Whales continue to buy HYPE, with mysterious whale 0x6436 buying another 430,224 HYPE ($35.1 million) today. Newly created wallet 0xC5ca withdrew 94,149 HYPE ($7.66 million) from FalconX 2 hours ago.

ARK Invest: Ethereum built the most successful "franchise network" but forgot to "collect rent"

ARK Invest Director of Digital Asset Research Lorenzo Valente published a long article comparing Ethereum, Solana, and Hyperliquid to three different fast-food business models: McDonald's, Chipotle, and In-N-Out. Ethereum corresponds to McDonald's "franchise + landlord" model - achieving zero-capital expansion through the Rollup roadmap, but failing to charge L2s reasonable settlement rent. After EIP-4844, blob fees fell to marginal cost, and L1 barely captured value from L2 activity. Solana corresponds to Chipotle's fully company-operated model - all transactions execute on L1, fees (base fees, priority fees, Jito tips) all remain within the system, security costs are paid through inflation, vertically integrated but bearing single-point-of-failure risk. Hyperliquid corresponds to In-N-Out's private family-owned model - no external capital, a single perfect product, fees almost entirely flowing to the assistance fund for HYPE buybacks, and HIP-3 allowing developers to deploy markets while retaining control and about a 50% fee share. Valente believes the three are not different versions of the same business, but completely different business models. The market will pay for clearly executed models, and the most fatal thing is "ambiguity."

Arthur Hayes: A falling EUR/JPY will signal accelerated Fed money printing, potentially bullish for Bitcoin

Arthur Hayes published an article titled "Atención," pointing out that U.S. Treasury Secretary Bessent is using a series of maneuvers to push EUR/JPY from its current level of 185 down to below 140, thereby triggering a massive injection of dollar liquidity that would benefit Bitcoin and the crypto market. Hayes noted that France is the weakest economy in Europe, with government spending at around 60% of GDP and heavy reliance on foreign capital (mainly German and Japanese) for financing. Its Target2 balance has shifted from net creditor to the largest debtor, and French bank stocks have already begun to fall. If French banks (which account for about 20% of the U.S. repo market) reduce repo lending due to capital outflows, repo rates will spike, forcing the Fed to expand its reverse repo (RMP) purchase scale. Maelstrom Fund's positioning strategy is a structural long on Bitcoin, with short-term bets on Ethereum at a $10,000 target, Ethena at $0.50, and Ether.fi at $2.

Zhipu AI opens official flagship store on Tmall, large model plans can now be purchased directly online

Chinese AI large model vendor Zhipu has officially entered Tmall, opening the "Zhipu Flagship Store." Users can search for "Zhipu Flagship Store" in the Taobao app to enter the store and place orders. The store has currently listed the Zhipu GLM Coding Plan subscription package, based on the GLM-5.3 model and compatible with more than 20 mainstream agents including ZCode, Claude Code, and Codex. Products on sale from Zhipu include personal Lite, Pro, and Max editions and team edition standard seats, with monthly, quarterly, and annual subscription options. The personal Lite edition is 118 yuan (including 10,000 credits/week), the Pro edition is 538 yuan (including 60,000 credits/week), the Max edition is 1,078 yuan (including 140,000 credits/week), and the team edition standard seat is 598 yuan (including 66,000 credits/seat).

Binance Alpha lists Pons (PONS) and FLORK (FLORK)

Binance Alpha listed Pons (PONS) and FLORK (FLORK) on September 2, 2026, with Pons available only on Binance Alpha 1.0. Users can now trade the above tokens on Binance Alpha using market orders and limit orders.

Grayscale: U.S. stock market concentration hits record high, increasing opportunities for crypto assets as a diversification allocation

Grayscale Head of Research Zach Pandl said U.S. residents' equity allocation has reached a record high, hitting 46.71% at the end of 2025. Combined with elevated stock valuations and unusually high market concentration, opportunities for crypto assets as a diversification allocation are increasing. Pandl noted that Bitcoin's 90-day correlation with the Nasdaq 100 has fallen from above 60% to around 33%, while its correlation with gold has risen from near zero to over 50%. After a prolonged downturn in the crypto market, valuations, leverage, and bullish positioning have all declined, forming a market structure "diametrically opposed" to the stock market. BlackRock previously also noted that a 1% to 2% Bitcoin allocation may be appropriate for some long-term portfolios, but warned that an overly large allocation could increase total risk due to volatility. Grayscale believes diversification benefits depend on differences in asset performance, but Bitcoin's price volatility has historically been greater than stock indices and it is not a consistently safe haven.

Cryptocurrency asset management giant Grayscale noted on Wednesday that Bitcoin (CRYPTO: BTC) is gradually decoupling from technology stocks while its correlation with gold continues to rise.

Bitcoin No More Moving Like a Tech Stock?Grayscale said in an X post that Bitcoin’s 90-day correlation with the Nasdaq Composite has decreased from roughly 60% to 33%.

At the same time, its correlation with gold has increased from nearly zero to nearly 50%.

Grayscale added that the shift reflects a macro backdrop that has brought the “debasement trade” back into focus.

The Scare, Liquid Alternative to Gold?Media coverage is pointing to this scenario. Mentions of the word "debasement" appeared in more than 1,500 articles last week, the highest weekly count since January.

The renewed focus stemmed from Treasury actions under Secretary Scott Bessent to expand buybacks of long-dated bonds. The market saw the move as inflationary and favorable for hard assets, pushing yields and the dollar index lower.

“Rising debt, persistent deficits, and higher yields are pushing investors toward alternatives like Bitcoin and gold,” Grayscale added.

Grayscale added that as fiscal imbalances expand and investors question the long-term value of fiat currencies, Bitcoin can serve as a “scarce” and “liquid” alternative alongside gold.

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It Isn’t That Simple, Say Analysts The shift comes at a time when experts discuss Bitcoin’s relationship with gold and its potential as an alternative investment.  Macro strategist Lyn Alden suggested Bitcoin may be nearing an inflection point against gold as its investor base matures.

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Meanwhile, Matt Hougan, Chief Investment Officer at Bitwise, opined that Bitcoin correlates with gold only in specific regimes, behaving as an entirely different asset the rest of the time.

He added that Bitcoin’s moves are rarely driven by a single factor, even though most investors view it through a single lens at all times.

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Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

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Bitcoin (BTC) price hovers above $77,000 on Thursday, losing bullish momentum as its correlation with Gold has risen to nearly 50% over the last 90 days. Arbitrum (ARB) and Pyth Network (PYTH) recorded double-digit gains over the last 24 hours, emerging as top performers.

Bitcoin starts to resonate with GoldBitcoin’s 90-day correlation with NASDAQ has reduced to 33% from nearly 60%, while its correlation with Gold has increased to almost 50%. The rising US debt of over $40 trillion, persistent deficits, and higher yields in the bond market are pushing investors toward hedges against debasement, such as Bitcoin and gold. 

Although the recent announcement of doubling the long-maturity bond buyback operations to $4 billion from $2 billion, with lower yields in the near term, rising government debt poses a long-term threat. Taken together, Bitcoin's rising correlation with Gold amid the debasement trade strengthens the case for the scarce digital asset and its long-term growth.

Bitcoin bulls take a breatherBitcoin trades around $77,328 at press time on Thursday, holding a bullish near‑term bias as price remains comfortably above the 50‑, 100‑, and 200‑day Exponential Moving Averages (EMAs), which are clustered between roughly $69,400 and $72,400.

The pair is also trading above the 50% retracement level at $75,233 of the $97,924-$57,800 downswing, reinforcing a constructive underlying structure.

The Relative Strength Index (RSI) near 65 suggests firm but easing from overbought momentum. However, the Moving Average Convergence Divergence (MACD) indicator has slipped below its signal line, hinting at a possible pause or consolidation.

Looking up, initial resistance emerges at the 78.6% Fibonacci retracement at $87,476, followed by the cycle high zone near $97,924.

BTC/USDT daily price chart.On the downside, first support is seen at the 50% retracement at $75,233, ahead of a dense EMA demand band formed by the 200‑day EMA at $72,365, 50‑day EMA at $70,574, and the 100‑day EMA at $69,395, underpinning the broader bullish structure.

Arbitrum and Pyth Network extend gainsArbitrum is up over 5% on Thursday, extending its 12% rise from the previous day. ARB holds a bullish near-term bias as price remains above the 50-day, 100-day, and 200-day EMAs at $0.0906, $0.0929, and $0.1164, respectively.

The four-day recovery tests the bullish breakout of the 78.6% Fibonacci retracement level at $0.1272, measured from $0.1495 to $0.0705. A confirmed breakout could target the $0.1495 swing high.

The MACD and signal line show a positive slope with improving momentum, while the RSI at 76 signals overbought conditions that could slow the advance.

ARB/USDT daily price chart.Looking down, initial support is seen at the 200-day EMA at $0.1164, followed by the 50% retracement level at $0.1026.

Pyth Network is up 3% on Thursday, advancing its 10% gains from the previous day. PYTH extends its recovery for the fourth consecutive day, comfortably above the 200-day EMA at $0.0499, while the 50- and 100-day EMAs are at $0.0455 and $0.0446, reinforcing a constructive bullish structure.

The broken downward resistance trendline now offers support around $0.0552, suggesting buyers have absorbed prior supply. The immediate resistance for PYTH is at the May 9 high of $0.0631, followed by the January 6 high of $0.0737.

The RSI near 75 enters the overbought zone, while the MACD bounces off its signal line, extending its upward trend and hinting that bullish momentum remains intact in the near term.

PYTH/USDT daily price chart.Immediate support lies at the former trendline break near $0.0552, ahead of the 200-day EMA at $0.0499, where a deeper pullback could test the durability of the current uptrend.

(The technical analysis of this story was written with the help of an AI tool. Know more.)

Bitcoin (CRYPTO: BTC) and XRP (CRYPTO: XRP) are flashing a bearish “Bart Simpson pattern” as analysts warn the sharp August rally could fully reverse if key levels fail to hold.

How the Bart Simpson Pattern FormsAccording to CoinDesk, the Bart Simpson pattern has three phases. First comes a sudden sharp price spike that tricks buyers into chasing momentum. 

Then price moves sideways in a tight range as volume drops off. Finally, price snaps back sharply in the opposite direction of the original spike. 

Put together on a chart, the shape looks unmistakably like Bart’s spiked hairline.

The pattern first appeared in crypto in 2015 when Bitcoin traded at $229 and has not been widely discussed in at least three years. 

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Analyst Benjamin Cowen flagged the formation in his X post on Sep. 1, reigniting the conversation.

Bitcoin and XRP Enter the Pullback PhaseFor Bitcoin, the spike began August 19 at $64,420 and ran to nearly $80,700 by Aug. 25 before stalling. 

Bitcoin now trades around $76,500, with the flat range phase giving way to what looks like the beginning of a snap back.

For XRP, the spike began the same day, climbing from $1 to $1.52 by Aug. 22. XRP has since drifted lower to around $1.32, tracing a similar shape on the chart.

Analysts Flag Deeper Downside RisksQuantum Economics founder Mati Greenspan told CoinDesk that a true Bart Simpson completion requires a 20% pullback, though he doubts Bitcoin gets there given how much deeper and more institutional the market has become since these patterns last appeared.

For XRP he is less confident, noting that a sharp retracement toward where the rally started would fit the pattern cleanly. 

“If it retraces sharply toward where the rally began, XRP won’t just be a relic of 2017; it will have the haircut to match,” Greenspan said.

New Market Trading CEO Frank Hepworth told CoinDesk that the setup reads as a classic distribution pattern, where large holders sell into retail buying. 

Bitcoin’s repeated failure to clear the 50-week moving average near $81,000 is the key warning sign, with Hepworth projecting a drop toward $70,000 or $58,000 if selling accelerates. 

For XRP, he expects the token to underperform Bitcoin significantly on any correction, with downside targets ranging from $0.46 to $1.21 depending on how deep Bitcoin’s pullback goes.

Meanwhile, CryptoQuant analyst AxelAdlerJr noted that long-term holder distribution climbed 62% to 282,000 BTC between Aug. 18 and Aug. 28, the highest reading since early 2026, putting real supply pressure behind the technical warning signals.

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© 2026 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

In brief Remixpoint sold its altcoins for ¥878.8 million ($4.47 million). The sale produced a ¥117.8 million ($598,400) gain. Sale proceeds may fund battery-storage projects and strengthen its balance sheet. Japanese public company Remixpoint sold all its Ethereum, Solana, XRP, and Dogecoin on Sept. 1, making Bitcoin the only cryptocurrency left in its treasury.

According to a public disclosure on the company’s website, the assets sold for ¥878,814,569 ($4.47 million), against a book value of ¥761,041,920 ($3.87 million). Remixpoint realized a ¥117,772,649 ($598,400) gain, which it expects to record as business-segment revenue in the second quarter of its fiscal year ending March 31, 2027.

Myriad: Bitcoin price next move? Click to make your prediction.Ethereum generated a ¥60,203,121 ($305,900) profit. Solana added ¥49,304,898 ($250,500), while XRP produced ¥11,523,717 ($58,500). Dogecoin was the only losing position, recording a ¥3,259,087 ($16,500) loss.

Before the sale, the company’s Ethereum and Solana generated ¥29,874,959 ($151,800) in combined staking rewards.

Remixpoint said it decided to exit the altcoins after weighing market conditions, each asset’s risk and return, and the company’s financial strategy.

“After comprehensively considering the market environment, the risk-return characteristics of each cryptocurrency,” the company wrote. “The Company's financial strategy, and other factors, the Company decided to sell all of the altcoins it held.”

Its cryptocurrency policy will now center on Bitcoin, a shift the company said would clarify its approach and improve capital efficiency.

Bitcoin lending generated 14.92055902 BTC in fees from Feb. 24 through Aug. 31. Those fees were valued at ¥164,218,522 ($834,300).

According to Bitcoin Treasuries, the company now holds 1,501 BTC, valued at $116.1 million, and ranked Remixpoint 38th among public-company Bitcoin holders. The different totals reflect figures reported on different dates.

Corporate Bitcoin buying has accelerated in recent weeks as public companies raise capital and concentrate more of their reserves in the asset.

In April, Metaplanet added 5,075 BTC, lifting its holdings to 40,177 BTC. In August, the Japanese company agreed to contribute 2,100 BTC and $2.5 million in cash to Super League Enterprises. Also in August, Zhibao Technology received 2,380 BTC through a $154.7 million private placement funded directly with Bitcoin.

Later that month, Strive bought 1,110 BTC for $81.5 million before adding another 1,800 BTC for roughly $143 million. At the end of August, Strategy purchased 4,603 BTC for $369.7 million, ending a roughly two-month pause in its Bitcoin purchases.

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Arthur Hayes says his family office Maelstrom’s crypto positioning is unchanged, anchored by a structural Bitcoin (BTC) long. He also set a $10,000 price target for Ether (ETH) by the end of 2026.

The BitMEX co-founder made the call in a September 3 newsletter centered on euro-yen macro dynamics. He set similar year-end targets for Ethena (ENA) and Ether.fi (ETHFI).

Hayes’ Ether Price Target and Other CallsHayes is chief investment officer of Maelstrom, the family office he runs after co-founding and formerly running BitMEX. Maelstrom holds positions across established majors and earlier-stage tokens alike. He publishes portfolio views as asides inside longer macro essays on his newsletter, rather than as standalone calls.

As one of crypto trading’s most closely watched voices, Hayes’ price targets often shape market chatter. This particular newsletter offered no valuation model behind any of the three altcoin figures.

Hayes called the BTC long structural, with no price target attached. He labeled the ETH, ENA, and ETHFI targets more speculative. Those goals are $10,000 for ETH, $0.50 for ENA, and $2 for ETHFI.

A Long Way to Go for ETHETH traded near $2,379 per token at publication time. That puts Hayes’ target roughly 320% above current levels.

ENA changed hands at $0.159, and ETHFI at $0.562, both far below his goals. BTC held near $77,258.

Since surging in August, ETH is on a downturn. Image Source: BeInCryptoThe newsletter’s core argument focused on the euro weakening against the yen. That thesis ties French bank stress and Bank of Japan policy to faster Fed money printing. Hayes links that view to his broader claim that Bessent’s buyback playbook will boost dollar liquidity.

Hayes has also been an active ETHFI buyer this year. He bought back into ETHFI in August after exiting the position earlier in 2026.

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According to monitoring by Farside Investors, U.S. spot Bitcoin ETFs saw a net inflow of $101 million yesterday. Of that, BlackRock’s IBIT recorded a net inflow of $115.4 million, while Grayscale’s GBTC posted a net outflow of $56.2 million. U.S. spot Ethereum ETFs overall had a net outflow of $48.2 million. Among them, BlackRock’s ETHA saw a net outflow of $53.4 million, ETHB posted a net inflow of $52.9 million, Fidelity’s FETH had a net outflow of $26.2 million, and ETHE recorded a net outflow of $23.5 million.

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Dogecoin is facing a crucial support test after giving up much of its late August gains. Currently, DOGE is trading at $0.0823, positioning the token within a tight cluster of short-term support levels. Analysts are closely watching the $0.080 to $0.082 region, which has emerged as a key area for price stabilization.

Dogecoin: Key support at $0.080Technical indicators highlight that the 100-day exponential moving average (EMA) sits around $0.0816, while the short-term moving average is near $0.0806. These levels converge, suggesting increased buyer activity as the price attempts to recover from its recent high of $0.095. Maintaining this support would preserve the structure established by the August breakout.

Earlier, DOGE surged from approximately $0.070 and approached the 200-day EMA near $0.0945, but faced strong resistance and a subsequent pullback. Market momentum has slowed since then, reflecting a cautious buyer environment.

The relative strength index (RSI) has cooled to 55 after briefly signaling an overbought market. This reduction in momentum has avoided triggering a bearish trend. Should the $0.080 level hold, initial upside targets emerge at $0.086 and $0.090, potentially followed by another challenge of the $0.094 to $0.095 range.

Short-term support for DOGE now focuses on $0.080 to $0.082, with a decisive move above the 200-day EMA likely to reshape the mid-term outlook.

A sustained break above the 200-day EMA would indicate a stronger medium-term trend for DOGE, while dropping below $0.080 would expose the 50-day EMA near $0.075, and then $0.070 as the next major support.

Hyperliquid (HYPE): Strong uptrend continuesIn contrast, Hyperliquid’s HYPE token remains in a robust uptrend, currently trading around $84 after breaking out from its $58–$60 base. The token has established a sideways trading range between $79 and $86, with persistent buying interest every time prices dip toward $80.

The 50-day and 100-day moving averages are now at about $63.7 and $62.5, well below the current market price, while the short-term average has risen to $72.8. The 200-day EMA lags significantly, positioned at $55. Sustained separation from these averages indicates strong trend momentum, but also increases the probability of a retracement.

Since the August breakout, HYPE is up more than 40%, and the RSI—after reaching overbought levels—has cooled to 69. Ongoing consolidation permits momentum to normalize without the need for major price corrections.

If HYPE surpasses the $85 to $87 barrier, $90 and then the $100 psychological level come into view. On the downside, a dip below $80 could trigger moves to $75 and $73, though the primary trend remains bullish above those points.

HYPE’s technical structure remains positive as long as it trades above the $80 threshold, with breakouts above $87 watched as a potential catalyst for further advances.

Mini dictionary: Hyperliquid, HYPE — Hyperliquid is a decentralized exchange and liquidity protocol that issues HYPE as its native governance and utility token. The protocol enables permissionless trading and incentivizes liquidity providers within the DeFi ecosystem.

TokenCurrent Price50-day EMA100-day EMA200-day EMAHYPE$84$63.7$62.5$55DOGE$0.0823$0.075$0.0816$0.0945SHIB$0.00000518$0.00000498N/A$0.0000057BTC$78,200N/AN/A$72,300Shiba Inu: Holding short-term gainsShiba Inu is stabilizing after a volatile rejection at higher levels, with SHIB trading at $0.00000518. This places it just above the consistently defended $0.000005 support zone. Key technical levels include the 100-day EMA at $0.00000498 and a short-term average of $0.00000501, which together form a targeted support cluster between $0.0000049 and $0.0000050.

If this area holds, SHIB could see another upward move toward $0.0000054 and $0.0000055. However, serious resistance persists at the descending 200-day EMA near $0.0000057. The most recent rally briefly lifted SHIB above this level to $0.0000062, but buyers were unable to sustain the advance.

Despite a rebound, broad trend confirmation remains elusive, as SHIB continues to trade below the 200-day EMA. The RSI hovers around 54, reflecting neutral market momentum. Any loss of support at $0.0000049 risks further declines toward $0.0000047 and the $0.0000044–$0.0000045 zone.

Bitcoin: Above 200-day EMA, eyeing $82,000Bitcoin is consolidating near $78,200 after an explosive breakout from the $63,000–$65,000 range. For the first time since earlier this year, BTC has held firmly above its 200-day EMA, now standing at $72,300.

This break has been supported by significant trading volume and ongoing consolidation between $77,000 and $81,000. Efforts to drive the price above that upper range have met with resistance, but sellers have not managed to reverse the trend meaningfully. As a result, BTC is maintaining a high-level range.

Momentum remains elevated, with the RSI cooling to 69 after surpassing overbought territory. Maintaining this level without a major correction could further strengthen the medium-term outlook by alleviating excessive momentum.

A clear move above $80,000 to $81,000 would open the path to the May peak at $82,000 and potentially set the stage for the next upside phase. On the other hand, support is initially identified in the $76,500 to $77,000 band, while the primary technical foundation sits at $72,000 to $73,000, where both the 200-day EMA and a rising short-term average converge.

As long as Bitcoin stays above this critical support area, the structural integrity of the recent breakout remains intact.

Skepticism over the impact of institutional investment on Bitcoin’s market cycles appears to be fading, as the latest data from on-chain analytics firm CryptoQuant shows a clear return of classic price patterns. The platform’s Bitcoin Cycle Momentum indicator has entered positive bullish territory for the first time in eight months, signaling renewed upward momentum.

Positive shift in market dynamicsHistorically, a positive reading from the Cycle Momentum indicator has coincided with the conclusion of prolonged bear phases, reinforcing the idea that cryptocurrency markets still follow well-defined cycles. Although a full reversal requires the indicator to remain elevated for several weeks, recent price action has laid the groundwork for continued recovery.

Bitcoin’s sharp rebound from $62,000 to $81,000 ended a period of relative market stagnation and prompted a surge in trading activity. The pattern mirrors previous transition phases, with coins moving from anxious retail investors to long-term holders seeking value during periods of uncertainty.

As panic selling gripped the broader retail segment, more established investors were accumulating coins. According to CryptoQuant, wallets holding at least 100 BTC increased their total holdings by about 60,000 BTC, while addresses with less than 100 BTC collectively sold about 47,000 BTC.

Large holders displayed enough confidence in a market upturn that, rather than selling assets, many began leveraging their Bitcoin as collateral to secure loans. This shift led to an 18% rise in loan volumes among major investors, who diversified risk by allocating capital across other digital assets.

Liquidity surges as retail pressure persistsThe shift in market sentiment is further backed by a strong inflow of capital. U.S. spot Bitcoin ETFs saw their largest weekly net investor inflows over the past ten months, indicating a resurgence in institutional interest. Additionally, over $470 million in USDC—a major stablecoin—entered exchanges in recent days, boosting available liquidity across crypto markets.

Yet, consistent price appreciation from current levels appears unlikely in the immediate term. Bitcoin’s approach to $78,000 marked what many analysts describe as a “strategic limbo,” a point where the price is widely considered fair value and markets require a cooling-off period.

Some short-term selling pressure arises from retail investors looking to lock in profits after Bitcoin’s rapid recovery. This has, for now, paused the upward momentum and created a neutral price zone above recent support.

Key support areas and evolving investment trendsThe most crucial support sits around $69,000, reflecting the average cost basis for short-term holders. Should Bitcoin maintain this level, a renewed push toward broader bullish trends is widely anticipated by market observers.

This environment of shifting ownership further highlights a larger transformation underway in global finance. While traditional markets still rely on layers of brokers and intermediaries, a new movement is emerging: Wall Street institutions are beginning to migrate toward Web3 solutions. Investors are increasingly opting for platforms such as 1stepSwap, where shares of leading U.S. companies, gold, and silver can be stored directly in crypto wallets. By tokenizing Real-World Assets (RWAs) and sourcing the most competitive market prices automatically, these technologies remove intermediaries and streamline access to traditional assets.

These trends suggest that both institutional and retail actions remain key to Bitcoin’s price evolution, as the market adapts to new patterns of liquidity and asset management in the wake of digital transformation.

PANews reported on September 3, based on SoSoValue data, that after several consecutive days of consolidation, the crypto market saw a slight rebound, with the GameFi sector performing strongly and rising 8.87% in 24 hours. Among them, Akedo (AKE) rose 82.95%, and The Sandbox (SAND) rose 4.65%. Meanwhile, Bitcoin (BTC) rose 0.65%, breaking through $77,000; however, Ethereum (ETH) fell 0.26% and remained below $2,400.

In other sectors, the Layer 2 sector rose 4.48% in 24 hours, with Arbitrum (ARB) up 12.97%; the AI sector rose 2.96%, with Kite (KITE) up 13.68%; the Meme sector rose 2.20%, with Pons (PONS) up 27.88%; the PayFi sector rose 1.55%, with Telcoin (TEL) up 4.06%; the Layer 1 sector rose 1.17%, with Aptos (APT) up 8.36%; and the CeFi sector rose 0.87%, with Aster (ASTER) up 5.07%.

In addition, the DeFi sector fell 0.05%, while Lighter (LIT) surged 14.31%, hitting a record high.

TLDR Table of Contents

Gold price fell more than 8.5% from its $4,700 August peak, erasing the gains triggered by Treasury liquidity support. Bitcoin remained near $77,000 and still held about a 20% gain from the $64,000 level where its rally began. Scott Bessent’s Treasury buyback expansion initially pushed long-term yields lower and lifted gold, stocks, and crypto. Kevin Warsh’s hawkish Jackson Hole remarks reversed part of the move as bond yields recovered and markets priced tighter policy. Spot Bitcoin ETFs recently recorded more withdrawals than inflows, adding fresh pressure after the initial buying surge faded. Financial markets turned volatile in mid-August after the US Treasury Department announced a larger liquidity-support program for long-dated government debt. The move pushed bond yields lower and lifted risk assets. The Gold price jumped quickly, while Bitcoin also broke higher after weeks of weak trading.

The shift came on August 19, when Treasury Secretary Scott Bessent said the government would double the maximum size of liquidity-support buybacks from $2 billion to $4 billion per operation. The decision followed a sharp rise in long-term yields.

Gold Price Reverses After August Surge The 30-year Treasury yield had reached 5.34% on August 18, its highest level in 19 years. After the buyback announcement, the yield fell toward 5.2%. Gold moved from about $4,360 per ounce to $4,530 within hours.

The Gold price kept rising and reached $4,700 on August 25, its strongest level in more than three months. The rally later faded. Gold fell to about $4,300, leaving it more than 8.5% below its recent peak and under its starting level.

Bitcoin Price Holds Most of its Gains Bitcoin followed the same early trend but kept more of its advance. The cryptocurrency had spent weeks below $65,000 before rising sharply to about $81,500 last week.

BTC later fell toward $77,000 after markets turned cautious again. Even after that decline, Bitcoin remained about 20% above the $64,000 area where the rally started. That performance separated it from gold, which erased its August gains.

Market sentiment changed after Federal Reserve Chairman Kevin Warsh spoke at Jackson Hole last Friday. His remarks were viewed as hawkish, raising expectations that interest rates could remain higher or increase.

Bond yields recovered after the speech, while gold and Bitcoin pulled back. The stronger rate outlook also reduced support for the debasement trade, which had benefited assets seen as stores of value during the earlier dollar weakness.

Bitcoin Faces New Pressure from ETF Flows Bitcoin now faces pressure from both macro conditions and weaker demand through spot exchange-traded funds. Recent sessions have recorded more withdrawals than inflows, showing that the strong buying seen during the initial rally has slowed.

The next move may depend on bond yields, Federal Reserve policy signals, and ETF demand. Gold has already returned below its pre-rally level, while Bitcoin still holds a large part of its August advance. These factors remain central to short-term crypto market direction.

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