Castle, the company behind an automated bitcoin financial stack for businesses, has said it is opening its platform to individuals, bringing its high-yield product to personal accounts along with a first for the category: the option to take dividend income in bitcoin at whatever ratio the customer picks.
The yield comes from STRC, Strategy‘s perpetual preferred stock, which Castle added earlier this year and which currently pays a 12% annual dividend on a semi-monthly schedule.
Holders can take 100% of that payout in cash, 100% in bitcoin, or anything in between, according to a Tuesday statement. Most Castle customers land in the middle, the company said, covering operating expenses with cash while the remainder compounds into bitcoin automatically at every payout.
“Investors have long faced a choice between earning steady yield and holding bitcoin. Castle eliminates that trade-off,” co-founder and CTO João Almeida said. “By enabling a portion of dividend income to be automatically converted into bitcoin, so customers get both cash flow and long-term upside.”
The broader pitch is consolidation: Castle puts operating cash, fixed income, and bitcoin accumulation on one platform, cutting out the shuffle between a bank, an onramp, and a brokerage. The system is built automation-first: users define a strategy once and the platform executes it.
Until now, Castle served business entities exclusively — restaurants, gyms, churches, accounting firms, e-commerce shops, auto dealers, SaaS companies, real estate, and non-profits among them. The push into personal accounts came from those same customers.
“Feedback we heard over and over from business owners was: ‘I love this stack — when can I use it personally?'” co-founder and CEO Stephen Cole said. “Today we’re answering that. The same automated bitcoin-powered financial stack that runs their company’s balance sheet can now run their personal finances.”
Castle was founded by Cole and Almeida and is backed by Boost VC and Winklevoss Capital. More information about the company’s product can be found here.
Mathew Di Salvo
Mathew is a reporter who's covered the space since 2019, reporting on everything from Salvadoran president Nayib Bukele's Bitcoin bet to crypto exchange FTX's bankruptcy.
Bitcoin (BTC) dipped below $78,000 at Tuesday’s Wall Street open as risk assets fell on renewed Middle East tensions.
Key points:
Bitcoin briefly dropped under $78,000 for the first time since Sept. 3, following downside pressure on US equities.WTI crude oil hit three-month highs near $95 per barrel on renewed military strikes in the Middle East.Bitcoin needs to hold $78,300 to avoid a repeat of its May breakdown, analysis warns.Bitcoin, stocks fall as Middle East woes spark oil surgeData from TradingView showed BTC/USD dropping as low as $77,600 before a modest rebound, its lowest levels since Sept. 3.
News of Houthi strikes on Saudi Arabian cities and oil infrastructure pressured US stocks at the start of the first trading session after the Labor Day holiday. The S&P 500 and tech-heavy Nasdaq Composite Index were down by 0.5% and 0.4%, respectively, at the time of writing.
Oil prices showed a more pronounced reaction to the events, with WTI crude surging toward $95 per barrel, its highest since June 8. Brent crude targeted the $100 mark for the first time since July 24.
CFDs on US WTI crude oil one-day chart. Source: Cointelegraph/TradingView
Commenting on a concurrent record rise in US diesel prices, trading resource The Kobeissi Letter noted that “inflation expectations continue to mount as a result.” As Cointelegraph reported, this has been especially apparent in the Consumer Price Index (CPI), an inflation gauge which is again due for release on Friday.
In a Truth Social post on Monday, US president Donald Trump downplayed the oil spike, pledging lower prices in the future.
“Oil prices will drop precipitously, like everything else is dropping (but more!), when we WIN the war with Iran. Three Dollars a gallon, but ultimately, below Two Dollars a gallon,” he wrote.
Analysis shows BTC price copying failed May breakoutDiscussing current BTC price action, trader and analyst Rekt Capital struck a cautious tone, drawing comparisons to Bitcoin’s failed May breakout.
At the time, BTC/USD reached $82,800 before reversing, then consolidating at $78,300 and eventually dropping to new macro lows near $57,000.
“The retest of ~$78300 is now in progress,” he noted in a post on X.
BTC/USD one-week chart. Source: Rekt Capital on X.com
Should the current zone fail to hold as support, BTC/USD would seal another lower high in a series stretching back to October 2025, keeping its 2026 bear market firmly in place.
“Ultimately, a Weekly Close below $78300 followed by a bearish retest just like in early May would likely confirm a breakdown,” Rekt Capital argued in separate analysis on X.
This article is produced in accordance with Cointelegraph's Editorial Policy and is intended for informational purposes only. It does not constitute investment advice or recommendations. All investments and trades carry risk; readers are encouraged to conduct independent research.
The CLARITY Act, which is expected to create the regulatory framework for the cryptocurrency market in the US, may be facing a new hurdle before its vote in the Senate.
Accordingly, two Republican senators indicated that it seems difficult for the bill to pass in its current form before next week’s vote. The senators warned that if disagreements between the White House and Congress cannot be resolved, the bill could fail in the expected vote next week.
The Situation Is Not Encouraging! Speaking to Semafor, a US media outlet, Republican Senator Mike Rounds stated that the current state of the Clarity Act does not look positive for its future.
Rounds’ statement comes ahead of the Senate’s procedural vote expected on September 15.
Republican Senator Thom Tillis, also speaking to Semafor, issued a clearer warning on the matter.
Tillis stated that the fate of the law depends on negotiations with the White House. He said that if the White House does not make a move to resolve the disagreements between the parties regarding the ethics provisions, the CLARITY Act will fail. This marks the first time such a clear assessment has come from the Republican side that the bill could fail in next week’s proceedings.
Two Democratic officials who also spoke to Semaphore stated that little progress has been made on the ethics regulations covering the president and his family, which is a key demand of the Democrats. This issue is of great importance to the Democrats, as they are requesting that ethics clauses be added to the Clarity Act regarding cryptocurrencies, specifically covering the president and his family.
While negative statements continue to emerge, the White House maintains its support for the passage of the CLARITY Act. A White House spokesperson stated that President Donald Trump is committed to seeing the law pass through Congress and that the US must protect its competitiveness in the digital asset space.
Clarity Act – All Eyes on September 15th! The Senate is expected to hold a critical procedural vote on the CLARITY Act next week. One of the biggest hurdles facing the bill is whether it can secure the necessary support to move forward in the Senate. At least 60 votes are needed to pass this first stage.
At this point, a failure of the vote could significantly delay the attempt to create comprehensive federal regulation for the crypto market in the US. Therefore, next week’s vote is critical not only for the future of the CLARITY Act but also for the direction of the US regulatory approach to the crypto market.
*This is not investment advice.
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As concerns about the U.S. Federal Reserve’s hawkish monetary policy persist, institutional investors have quietly accelerated their entry into the cryptocurrency market, according to a recent report by Wintermute, a prominent global market maker in digital assets.
Institutional shift amid Federal Reserve pressureMany investors have been focused on losses in traditional markets, especially as the Federal Reserve continues hinting at further interest rate increases. The latest U.S. labor market data came in stronger than anticipated, raising the probability of a rate hike to 60% and triggering declines across gold, government bonds, and technology stocks.
Bitcoin reacted sharply to the news, briefly dropping from $82,400 to below $80,000. However, the cryptocurrency quickly rebounded and closed the week 3.45% higher, demonstrating an unusual resilience compared to the sell-off in other asset classes.
Wintermute analysts attributed this performance to profit-taking in equities, particularly after the sustained artificial intelligence rally. As investors exit technology stocks, significant capital is moving into Bitcoin and Ethereum—a shift that signals the beginning of a new market phase for digital assets.
Unique features of the current Bitcoin cycleSkeptics often argue that Bitcoin’s price is too high and recommend waiting for a substantial correction. Contradicting this view, Wintermute’s analysis suggests that the current bull cycle is fundamentally different from previous ones.
In both the 2018 and 2022 downturns, Bitcoin lost more than 75% of its value within 340 days after hitting an all-time high and then traded sideways for extended periods. In contrast, during this cycle, the deepest correction reached only around 50%.
The firm’s analysts highlight that each successive cycle has produced less severe lows. As a result, they believe that the likelihood of a dramatic 75% crash similar to previous cycles has diminished.
The influence of institutional buyers and ETFsInstitutional investors have changed their approach to the market. Rather than waiting for Bitcoin to plummet to specific thresholds such as $20,000, large funds are now entering sooner, primarily via spot exchange-traded funds (ETFs). Over the last three weeks, roughly $1 billion has flowed into spot Bitcoin ETFs, with last Thursday seeing the highest single-day inflows since January.
The report describes the market as entering a “young cycle” phase, characterized by capital rotation from major cryptocurrencies like Bitcoin and Ethereum into altcoins with higher risk. Noteworthy performances included Uniswap (UNI) and Arbitrum (ARB), both up nearly 40% on the week. Momentum is also gathering around projects connected to artificial intelligence, such as TAO and Render (RENDER), ahead of key events in December.
Mini dictionary: Wintermute is a global algorithmic trading firm and market maker specializing in providing liquidity and efficient markets across centralized and decentralized cryptocurrency exchanges.
Critical technical levels and outlookWintermute’s analysis focuses on two main price levels in the current market structure. A decisive move above $82,000 could trigger a wave of FOMO among funds still holding cash, forcing them to allocate rapidly into Bitcoin and potentially fueling further gains. Conversely, if Bitcoin drops below $72,000 and spot ETF outflows accelerate, bullish momentum may stall as institutional confidence wanes.
Price LevelImplication$82,000Strong breakout may drive intense institutional buying and price surge$72,000Downward breach could trigger ETF outflows and pause bullish trendThe upcoming major event for the market will be the release of new U.S. inflation data via the Consumer Price Index (CPI) on September 11. Wintermute believes this report will be pivotal in determining whether institutional capital will continue moving from equities into crypto, or whether another round of broad market selling will emerge.
Wintermute analysts state that the market is now driven not by correlation with equities, but by independent capital inflows and rotation, especially among institutional players participating through spot ETFs and shifting focus to altcoins and AI-linked projects.
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.
Bitcoin’s options market has settled into an unusually calm stretch. At-the-money implied volatility is sitting around 37%, a level that tells traders the market expects relatively contained price swings in the near term, at least compared to the turbulence that defined the first half of 2026.
Data from Glassnode puts the 1-week ATM IV at 37.39% and the 1-month ATM IV at 37.69% as of September 6. Those two numbers being nearly identical is itself a signal worth unpacking: when short- and medium-term vol reads the same, the market has essentially stopped pricing in any near-term event premium.
The term structure tells a quieter story Further out the curve, volatility does pick up, but only modestly. Three-month ATM IV registered at 38.87%, while the 6-month figure came in at 40.01%. That gentle upward slope is what traders call a normal term structure, where uncertainty compounds with time rather than spiking around a single catalyst.
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Earlier in 2026, the picture looked very different. ATM IV spiked to roughly 65% in June before gradually compressing toward the 40% range. That kind of vol compression over a matter of weeks represents a meaningful shift in market regime.
The volatility smile is the market’s honest opinion Despite the calm ATM readings, out-of-the-money options are carrying higher implied volatility than their at-the-money counterparts. That asymmetry is the classic volatility smile, and it tells a specific story about how the market is thinking about risk.
The persistence of this smile structure even as ATM vol compresses suggests that the market’s calm is conditional. Traders are broadly comfortable with the range-bound environment but are quietly keeping their protective strategies in place for the tail risks they haven’t entirely ruled out.
Most of this activity is concentrated on Deribit, which remains the dominant venue for Bitcoin options by open interest and volume. Glassnode, Block Scholes, and Amberdata have all been tracking these readings and confirm the current regime as a departure from the elevated vol environment that characterized much of 2026’s earlier months.
What this means for traders and positioning Compressed ATM IV has a direct cost implication for options buyers. When vol is lower, option premiums are cheaper, which makes it less expensive to establish directional positions or hedges. A trader who wanted to buy a call option when IV was near 65% was paying significantly more for the same exposure than someone entering that same trade today at 37%.
For sellers of options, the calculus runs the other way. Selling vol at 37% generates less premium income than it would have at 65%, which means volatility sellers are accepting tighter compensation for the risk they’re absorbing.
The 6-month ATM IV at 40.01% offers a rough benchmark for where the market expects annualized volatility to average over the next two quarters.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Bitcoin (BTC) is correcting lower for the second consecutive day, trading near $78,000 on Tuesday. The largest cryptocurrency by market capitalization also holds above major moving averages, reinforcing a broader bullish outlook despite the pullback from last week's peak near $82,300.
Meanwhile, Gold (XAU/USD) is similarly edging lower below $4,400, down three consecutive days. The metal sits above key moving averages, which are helping offset the headwinds, especially as momentum indicators deteriorate.
Oil prices rise amid growing Middle East tensionsIran-backed Houthi rebels have intensified their attacks across multiple Saudi cities, leaving dozens wounded and disrupting operations at key energy facilities, a clear sign of escalating conflict in the Middle East and faltering diplomatic efforts.
The energy ministry confirmed that multiple facilities sustained damage, resulting in fires and temporary operational disruptions.
Saudi Arabia has pledged a decisive response to coordinated attacks targeting the southern cities of Abha, Khamis, Mushait, Jazan, and Najran, according to a report by The Independent.
The Houthis, who control Yemen’s most populous regions and much of the north, have maintained a campaign of attacks on Saudi Arabia since imposing a naval blockade against Riyadh in July, with strikes increasingly targeting Saudi vessels in the Red Sea.
Meanwhile, Iran escalated warnings against the United States (US), threatening “economic warfare” and claiming to have launched an advanced missile at American warships.
West Texas Intermediate (WTI) Crude Oil prices are holding steady above $90.00, up more than 6% since September 1 and 23% since the August low of $73.58. Disruptions to shipping through the Strait of Hormuz and Houthi attacks in the Red Sea and on Saudi Arabia's energy infrastructure are the primary drivers of rising Oil prices.
WTI Oil price chartMarket participants are pricing in a higher probability that the Federal Reserve (Fed) will adopt a stricter monetary policy by raising interest rates. The release of the US Consumer Price Index (CPI) report on Friday could offer more insight into how the central bank could swing.
Technical analysis: Bitcoin risks extending lossesBitcoin is correcting near $78,000 following a recent rejection from highs near $81,500. Despite the pullback, the Crypto King holds a bullish near-term bias as the spot price remains well above the 50-day, 100-day and 200-day Exponential Moving Averages (EMAs), which cluster between roughly $70,400 and $72,700 and suggest a firmly supported underlying trend.
The Relative Strength Index (RSI) has eased back toward 59, indicating the market has cooled from overbought extremes without yet undermining the broader uptrend, while the negative Moving Average Convergence Divergence (MACD) reading hints at corrective pressure developing within an otherwise constructive structure.
BTC/USDT daily chartImmediate support emerges at the rising 200-day EMA near $72,738, reinforced by the 50-day EMA around $72,300 and deeper demand at the 100-day EMA close to $70,417 if sellers extend a pullback. As long as BTC holds above this moving average band, dips are likely to be treated as corrective within the dominant uptrend, with buyers expected to defend these levels to keep the broader bullish structure intact.
Gold technical analysis: XAU faces deeper correction as momentum fadesGold edges below $4,400, with persistent headwinds limiting upside potential and heightening the risk of a more pronounced correction. Still, the metal holds above the 50-day, 100-day, and 200-day EMAs clustered between roughly $4,320 and $4,370, suggesting a still constructive near-term bias after the recent pullback from record highs.
The long-standing downward resistance trendline, now represented by the break area around $4,523, remains the key cap above the spot price. At the same time, the RSI has eased back toward the 50 region, hinting at consolidative rather than impulsive downside, while the MACD sits below its recent peak with a negative histogram, suggesting waning bullish momentum but not a completed trend reversal as long as price stays over the major EMAs.
XAU/USDT daily chartOn the downside, immediate support is seen at the 100-day EMA near $4,368, followed by the 50-day EMA around $4,351 and then the 200-day EMA near $4,320, where dip-buying interest could re-emerge if the correction deepens. On the topside, primary resistance sits at the former trendline break zone around $4,523. A daily close above this barrier would reopen the path toward the recent peak and reinforce the broader bullish structure, whereas repeated failure below it would keep XAU confined to a consolidation band above its EMA floor.
(The technical analysis of this story was written with the help of an AI tool. Know more.)
Bitcoin, altcoins, stablecoins FAQs Bitcoin is the largest cryptocurrency by market capitalization, a virtual currency designed to serve as money. This form of payment cannot be controlled by any one person, group, or entity, which eliminates the need for third-party participation during financial transactions.
Altcoins are any cryptocurrency apart from Bitcoin, but some also regard Ethereum as a non-altcoin because it is from these two cryptocurrencies that forking happens. If this is true, then Litecoin is the first altcoin, forked from the Bitcoin protocol and, therefore, an “improved” version of it.
Stablecoins are cryptocurrencies designed to have a stable price, with their value backed by a reserve of the asset it represents. To achieve this, the value of any one stablecoin is pegged to a commodity or financial instrument, such as the US Dollar (USD), with its supply regulated by an algorithm or demand. The main goal of stablecoins is to provide an on/off-ramp for investors willing to trade and invest in cryptocurrencies. Stablecoins also allow investors to store value since cryptocurrencies, in general, are subject to volatility.
Bitcoin dominance is the ratio of Bitcoin's market capitalization to the total market capitalization of all cryptocurrencies combined. It provides a clear picture of Bitcoin’s interest among investors. A high BTC dominance typically happens before and during a bull run, in which investors resort to investing in relatively stable and high market capitalization cryptocurrency like Bitcoin. A drop in BTC dominance usually means that investors are moving their capital and/or profits to altcoins in a quest for higher returns, which usually triggers an explosion of altcoin rallies.
Bitcoin (CRYPTO: BTC) closed last week near its 50-week moving average, signaling improving market structure, but a lack of strong spot demand leaves $83,000 as key level for bullish confirmation.
Is BTC’s Bear Case Weakening?Benjamin Cowen highlighted on Monday that Bitcoin pushed to roughly $82,292, establishing a short-term higher high, but remains below its May peak and therefore has yet to break the broader bearish market structure.
He said the length of time Bitcoin holds around the 50-week average now matters.
Bitcoin’s chances of a breakout improve the longer it holds near the 50-week moving average, as bear market rejections typically happen quickly.
"Multiple closes above the 50-week moving average typically signifies the end of the bear market," Cowen said.
Trending
That makes the coming sessions particularly important for bears.
Macro Could Decide The Next MoveBitcoin’s pullback followed stronger U.S. labor data, which raised rate-hike expectations, with upcoming inflation data likely to be the next catalyst.
Cowen said Bitcoin’s 40% rebound does not rule out another decline, as similar rallies occurred in past bear markets.
However, if BTC continues holding near the 50-week moving average, the bearish case could weaken quickly.
Spot Demand Still Needs To ConfirmCryptoQuant predicts that Bitcoin needs sustained spot buying to absorb available supply and push decisively through the $82,000 to $83,000 zone.
However, Sept. 8 data paints a constructive but incomplete picture.
Bitcoin ETF holdings continue rising, large investors are accumulating and a notable buy wall has formed around current prices. Binance reserves remain elevated around 685,000-687,000 BTC, leaving substantial potential sell-side supply on the market. Seven-day average exchange net inflows have also climbed to roughly 593 BTC, while stablecoin inflows are increasing. That means both available Bitcoin supply and potential purchasing power are rising at the same time.
Bitcoin leverage has eased, but elevated Binance open interest suggests the recovery is not fully spot-driven. Short-term holder profits and older coin movements also raise the risk of renewed selling.
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.
Sources: An explosion has occurred in Saudi Arabia's Jizan region.
According to Iranian media outlet Fars News, Arab sources said an explosion occurred in the Jizan region of Saudi Arabia.
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Iran and the United States are exchanging views on negotiation plans and terms via mediators.
According to Saudi media outlet Al-Hadath, Iran and the United States are exchanging views on negotiation plans and terms via intermediaries. Iran has proposed new conditions to the U.S. for resuming talks, and stated that there is no need to withdraw from the memorandum of understanding (MoU) with the U.S.
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Intel's gains widened to 10%
According to market data from BIT (bit.com), Intel (INTC.O) extended its gain to 10%.
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The "Big Short" Michael Burry’s latest portfolio adjustment: Lululemon has become his largest holding, with short positions accounting for over 21%.
Michael Burry, the real-life inspiration for *The Big Short*, disclosed his latest portfolio adjustments via his Substack account today, stating that his largest long position is Lululemon, accounting for 17.4% of his portfolio, followed by MercadoLibre at 12%. The second tier includes Molina Healthcare and Temple & Webster, each making up 9%. Additionally, Burry holds long positions in Adobe, Zoetis, JD.com, HCA Healthcare, Flutter, Fannie Mae, Freddie Mac, Sprouts, PayPal, Veeva, Birkenstock, Build-A-Bear, and NVIDIA, with NVIDIA also used as a hedge. On the short side, Burry’s current short positions, ordered by size from largest to smallest, are iShares Semiconductor ETF, Micron, Nebius, CoreWeave, Oracle, Palantir, NVIDIA, Caterpillar, and Invesco QQQ Trust. Among these, his Invesco QQQ put option positions account for roughly 6% of his portfolio. Overall, his short positions make up over 21% of his portfolio, a figure that does not include put option positions, indicating he remains betting on valuation pressure for certain tech and AI-related assets. Furthermore, Burry has fully closed out his short positions in Tesla and Applied Materials, exiting both trades at a profit; he also sold all his SOXX put options and converted those positions into larger QQQ put options. Following the latest adjustments, Lululemon rose to his largest position after an increase, while his overall portfolio remains sharply split: bullish on select consumer and healthcare stocks, and bearish on certain tech and AI assets.
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US Treasury Secretary: US Treasury bond repurchases aim to calm market "frenzy"
U.S. Treasury Secretary Scott Bessent said last month’s expansion of the U.S. Treasury’s repurchase program was aimed at calming the "frenzy" building in the bond market and pushing prices back to equilibrium. Bessent noted that while he cannot alter the market’s equilibrium price, he hopes to curb excessive speculation. He added that if investors were truly concerned about U.S. debt credit, they would sell U.S. Treasuries and buy German bunds, though current market behavior does not reflect such concerns. Bessent denied that the Treasury’s repurchase of Treasuries is equivalent to the Federal Reserve’s quantitative easing, explaining the measure is more similar to the Fed’s past "Operation Twist". The program’s expansion comes against the backdrop of the U.S. 30-year Treasury yield hitting its highest level since 2007.
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Hyperliquid launches USELESS perpetual contracts, supporting up to 3x leverage.
According to official announcements, Hyperliquid has launched the USELESS perpetual contract, supporting a maximum leverage of 3x.
Bitcoin dropped below $78,000 during Tuesday’s Wall Street session, mirroring a decline in risk assets as renewed Middle East tensions pushed oil prices to multi-month highs and rattled global markets.
Middle East unrest triggers selloff in Bitcoin and US stocksAccording to data from TradingView, BTC/USD fell to $77,600, marking its lowest level since September 3 before showing a modest recovery. This pullback coincided with similar weakness in US equity markets.
Heightened geopolitical concerns followed reports of Houthi strikes targeting Saudi Arabian cities and oil infrastructure. As the first full trading session after the Labor Day holiday began, the S&P 500 slipped 0.5% and the Nasdaq Composite Index edged down 0.4%.
Oil markets responded more dramatically. The price of West Texas Intermediate (WTI) crude surged toward $95 per barrel, the highest since June 8. Brent crude neared the $100 mark for the first time since late July.
The surge in fuel prices has also driven US diesel costs to new highs. The Kobeissi Letter, a financial research platform, stated that this pressure is “mounting inflation expectations.”
Oil prices have surged to three-month highs on the back of renewed Middle East turmoil, leading analysts such as The Kobeissi Letter to warn: “Inflation expectations continue to mount as a result.”
The Consumer Price Index (CPI), a key measure of inflation in the US, is scheduled for release on Friday, and market participants are closely monitoring its impact on macroeconomic conditions.
Amid the rising energy costs, US president Donald Trump commented on Truth Social that oil prices would drop sharply in the future and pledged to bring gasoline below $2 per gallon if his administration prevails in the ongoing conflict with Iran.
BTC technical outlook raises caution on May breakdown repeatMarket analysts highlighted concerns that Bitcoin’s current price action could echo its failed breakout in May. At that time, BTC/USD briefly touched $82,800 before reversing, consolidating at $78,300, and then falling to new macro lows near $57,000.
Rekt Capital, a widely followed trader and analyst, pointed to a critical retest of the $78,300 level. In a post on X, he stated that this is a key support zone, warning that a failure to hold it could cement another lower high and leave the 2026 bear market intact.
If Bitcoin closes the week below $78,300 and follows with a bearish retest, analysts believe this could confirm a further breakdown, similar to the price decline that occurred after May’s failed rally.
The analysis suggests that unless Bitcoin reclaims and sustains higher levels, risks to the downside remain elevated in the short term.
If the current price zone fails, Bitcoin could register another lower high since October 2025, keeping the 2026 bear market trajectory in place.
Traders are now monitoring both geopolitical developments and key technical levels for signals of Bitcoin’s next major move.
Mini dictionary: The Kobeissi Letter is a financial market research and commentary platform known for its analysis of macroeconomic trends, commodities, and risk assets.
AssetLatest ValueMovementBitcoin (BTC)$77,600Lowest since Sept. 3, fell below $78,000WTI Crude Oil$95 per barrelHighest since June 8, up stronglyS&P 500Down 0.5%Fell on risk-off moodNasdaq CompositeDown 0.4%Reacted to geopolitical tensions
Bitcoin and other major crypto assets recovered from early losses Tuesday as easing oil prices helped improve market sentiment.
Bitcoin rose back to $78,800 after falling below $78,000 earlier in the session, while XRP gained 3.6%, Ether advanced 1.2% and Solana added 1%.
The recovery came as US stocks pared declines, with the Nasdaq down only 0.1% by midday. Brent crude pulled back to about $97.5 after briefly approaching $100, although geopolitical tensions remained elevated following fresh hostilities involving the US and Iran and attacks by Tehran-backed Houthis on Saudi energy infrastructure.
Markets remain focused on inflation and monetary policy after stronger-than-expected August jobs data increased the likelihood of a Fed rate hike. Traders currently price a 58.4% chance of a hike this month, while PPI and CPI reports due Thursday and Friday are expected to influence the central bank’s decision.Oil prices are doing that thing again where they make everyone nervous at exactly the wrong time. Brent crude surged nearly 2.25% to $99.18 per barrel on Monday, its highest level since late July, dragging US equities lower as investors braced for a consumer price index report later this week that suddenly feels a lot more consequential.
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The Dow Jones Industrial Average dropped roughly 519 points, or 0.97%, settling around 52,895. The S&P 500 fell 0.30%, while the Nasdaq Composite barely budged, slipping just 0.06%.
What’s driving the oil spike Escalating tensions between the US and Iran are the primary catalyst. Attacks on Saudi energy facilities and broader hostilities across the Middle East have injected fresh supply-disruption risk into a market that was already watching crude prices creep higher through the summer.
Analysts are flagging diesel and refined products as particular pain points. Unlike gasoline, which gets most of the headline attention, diesel is the lifeblood of commercial freight and agriculture. When diesel prices spike, it’s the kind of inflationary pressure that’s hard for the Federal Reserve to ignore, and even harder for consumers to avoid.
The timing couldn’t be more awkward. August’s CPI report is expected to land on Friday, and whatever number it shows will carry outsized weight given the Fed’s upcoming rate decision on September 16. Markets are currently pricing in a 58.4% probability of a rate hike at that meeting.
The Fed’s uncomfortable position The Federal Reserve, led by Chair Kevin Warsh, has been navigating with mixed signals for months. Employment data has been inconsistent, and inflation readings have zigzagged enough to make any definitive policy call feel premature. Earlier spikes in oil prices exceeding $100 a barrel in 2026 contributed to headline inflation peaking at 4.2% year-over-year in May, and renewed combat in early September has rekindled those inflationary pressures.
The 58.4% probability the market assigns to a hike is notable because it’s firmly in no-man’s-land. When odds sit near 50-50, it means institutional investors are hedging both directions.
Sector dynamics and what to watch Monday’s sell-off wasn’t evenly distributed across the market. The Dow’s nearly 1% decline was notably steeper than the S&P 500’s 0.30% drop, suggesting that industrial and cyclical names bore the brunt of the selling. The Nasdaq’s negligible decline tells a different story, as growth and technology stocks appear to be shrugging off the oil-driven anxiety for now.
For the broader market, the next four days are a minefield of potential catalysts. Oil prices could continue climbing if Middle Eastern tensions escalate further. Friday’s CPI print will either confirm or alleviate the inflation fears that Monday’s session crystallized. And behind all of it, the Fed’s September 16 meeting looms as the moment when all these competing data points get translated into actual policy.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
CoinCorner has launched a Bitcoin custody service for UK customers that charges a 1.5% annual fee and uses keys held separately by CoinCorner and AnchorWatch.
Summary
CoinCorner and AnchorWatch each control a key, preventing either company from moving customers’ Bitcoin alone. Lloyd’s of London underwriters cover key loss and unauthorized access involving Bitcoin held in Vault. Customers can add or remove funds without a long-term commitment and set custom identity checks. CoinCorner’s crypto services remain outside FCA regulation and are not protected by the UK’s FSCS. CoinCorner said its new Vault uses multi-signature technology to divide control of customers’ Bitcoin between two companies operating in different jurisdictions. CoinCorner holds one key, while insurance and custody provider AnchorWatch holds the other.
Neither company can independently approve a transfer from the Vault, according to CoinCorner’s support documents. Requiring multiple keys removes the single point of control found in a conventional custodial wallet, where one company can authorize transactions on its own.
Bitcoin held through the service is insured under a policy underwritten through the Lloyd’s of London market. CoinCorner said the cover applies to losses caused by lost keys and unauthorized access, although specific policy conditions and exclusions have not been published on the product page.
Customers can also set their own identity checks, which must be completed before a transaction can proceed. The available controls allow account holders to add verification steps that match their security needs, with CoinCorner’s support team handling the setup.
CoinCorner Vault charges a 1.5% annual fee Vault costs 1.5% per year, with CoinCorner calculating and billing the fee monthly. The company charges customers on the first day of each month based on the amount of Bitcoin recorded in their Vault at that time.
No long-term commitment is required, and users can move Bitcoin into or out of the product. Withdrawals return funds to a customer’s standard CoinCorner Bitcoin balance, which the company describes as an instant process.
Deposits follow a different monthly schedule. According to CoinCorner’s Vault guidance, Bitcoin added after the first day of a calendar month does not enter the recorded Vault balance until the following month. The company says any Bitcoin remaining within Vault after a withdrawal continues to be insured.
CoinCorner also says it does not lend out or otherwise use Bitcoin placed in the service. The product therefore differs from interest-bearing crypto accounts, where a platform may deploy customer assets through loans or other transactions in return for yield.
Vault does not advertise a return on deposited Bitcoin. Customers instead pay for the custody structure, transaction controls, and insurance attached to assets held within the product.
Multi-signature custody splits control between two firms Multi-signature wallets require more than one private key to approve a Bitcoin transaction. Under CoinCorner’s setup, the relevant keys are held by independent entities rather than stored by a single platform.
AnchorWatch provides the second part of that arrangement through Trident, its Bitcoin custody infrastructure. The AnchorWatch platform uses Bitcoin scripts and time locks to apply security, recovery, and governance rules at the protocol level.
Time locks can make an alternative method of moving funds available after a specified period when a key is lost or a participant becomes unavailable. AnchorWatch says the design allows recovery conditions to be built into a vault without giving one party immediate control over the Bitcoin.
The US company is also a Lloyd’s coverholder, which allows it to arrange policies backed by underwriting capacity in the Lloyd’s market. AnchorWatch says its other custody products can obtain as much as $100 million of cover per vault, while institutional customers may seek limits of up to $500 million. CoinCorner has not disclosed the limit attached to its UK Vault product, so figures advertised for AnchorWatch’s other services should not be treated as the coverage available to every CoinCorner customer.
AnchorWatch separately offers a three-institution custody configuration involving AnchorWatch, BitGo, and CoinCorner. Its website describes that product as a two-of-three wallet, meaning two institutions must sign a transaction. CoinCorner’s UK-facing documents describe Vault as a two-entity service in which CoinCorner holds one key and AnchorWatch holds the other.
Insurance does not provide FSCS protection The private insurance attached to Vault is separate from the protection provided through the UK’s Financial Services Compensation Scheme.
CoinCorner states in its legal notice that investments in cryptoassets through its platform are not regulated by the Financial Conduct Authority. Customers also cannot take complaints about the crypto service to the Financial Ombudsman Service, while their Bitcoin is not eligible for FSCS protection.
The distinction matters because private policies cover named events under agreed terms and exclusions. CoinCorner identifies lost keys and unauthorized access as covered events, but its public Vault material does not say that the policy protects customers from a fall in Bitcoin’s price, insolvency, or every possible operational loss.
CoinCorner Ltd is based in the Isle of Man and is registered with the Isle of Man Financial Services Authority under the Designated Business Act 2015. The company is also registered with the Isle of Man Office of Fair Trading as a moneylender.
Its electronic money and payment services have a separate structure. CoinCorner acts as a distributor for Mercury Foreign Exchange Limited, an FCA-authorized electronic money company, but the authorization attached to those payment services does not extend FCA protection to CoinCorner’s cryptoasset products.
Founded in 2014, CoinCorner says it serves more than 350,000 users across 15 markets. The company previously entered the UAE market through a 2022 partnership with Dubai-based Seed Group covering Bitcoin trading, storage and payment services.
UK crypto custody faces new FCA rules in 2027 CoinCorner has introduced Vault as the UK prepares to place crypto custody under a full authorization system.
As crypto.news reported in June, the FCA’s new cryptoasset regime is scheduled to take effect on Oct. 25, 2027. The rules will cover custodians, trading platforms, stablecoin issuers, staking providers and other intermediaries.
Firms seeking to conduct regulated crypto activities will have an application window running from Sept. 30, 2026, through Feb. 28, 2027. Existing registrations under the UK’s anti-money laundering rules will not automatically become authorizations under the new Financial Services and Markets Act framework.
The regulator plans to apply requirements covering custody, capital, operational resilience, disclosures, market conduct and consumer protection. Companies may also need to show that they can withstand market stress and maintain financial resources against risks carried on their balance sheets.
In August, US trading platform Robinhood secured FCA registration under the existing anti-money laundering system before the new framework takes effect. More than 50 companies were listed on the FCA’s cryptoasset register at the time, including Kraken, Ripple, BlackRock and BNY.
For American customers, AnchorWatch advertises a separate multi-institution service using a two-of-three arrangement with CoinCorner and US custodian BitGo. Its website says insurance for that configuration is optional for US users, with indicative pricing beginning at $4,000 for every $1 million of coverage and final premiums subject to underwriting review.
Strategy Inc. doubled the authorization for its preferred-stock repurchase program to $2 billion on Sept. 8, while reporting that it bought or sold no bitcoin during the preceding week. The board action expands the pool available for buybacks of the company’s digital credit securities.
In a Form 8-K filed with the U.S. Securities and Exchange Commission, Strategy said $1.19 billion remained available under the Digital Credit Securities Repurchase Program as of Sept. 7. The authorization covers purchase prices as well as commissions, fees and expenses, including repurchases already completed.
Strategy spent $176.3 million repurchasing STRC Between Aug. 31 and Sept. 7, the company repurchased 1,810,885 shares of its variable-rate Series A perpetual Stretch preferred stock, traded as STRC, for an aggregate $176.3 million. It reported no repurchases of STRF, STRK, STRD or MSTR common stock during the same period.
The filing says Strategy funded the STRC transaction with USD Cash. That account is distinct from the company’s USD Reserve: management describes USD Cash as capital available for broader treasury purposes, potentially including bitcoin purchases, additions to the reserve and other capital-management uses.
Cash accounts ended the week at $6.54 billion Strategy reported a $5.10 billion USD Reserve and $1.44 billion of USD Cash as of Sept. 7, a combined $6.54 billion. The reserve is intended to support preferred-stock dividends and interest on outstanding debt, while the separate cash balance gives management flexibility within its capital framework.
The expanded authorization does not require Strategy to spend the full amount or complete repurchases on a fixed timetable. It establishes capacity for future transactions. The Sept. 8 disclosure therefore records both a completed STRC buyback and a board-approved increase in the remaining program, rather than a new bitcoin purchase.
Bitcoin holdings stayed at 845,050 BTC Strategy said it neither bought nor sold bitcoin and issued no shares through its at-the-market program during the week. Its holdings remained at approximately 845,050 BTC, acquired for an aggregate $63.73 billion at an average cost of about $75,412 per coin, including fees and expenses.
The unchanged balance follows the company’s purchase of 4,603 BTC in the prior reporting period. BlockchainReporter previously detailed Strategy’s return to bitcoin buying after a two-month pause. This week’s filing shifts the capital-allocation focus from accumulation to preferred-stock repurchases, while preserving the same reported bitcoin treasury total.
AUTHOR
Farhan Karim is a technology writer and content strategist with 15+ years of experience writing thousands of articles, blogs, whitepapers, and ebooks on Blockchain, Cryptocurrency, and other tech niches. His expertise in content strategy, SEO, and a keen eye on the ever-evolving tech space have led him to work with companies like Pepsi, Huawei, Arab News, and now Blockchain Reporter.
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.
Ripple CTO Emeritus and XRP Ledger chief architect David Schwartz has revealed the operational metrics of his private hub — essentially a major relay server through which other network nodes communicate.
The telemetry covers the period from August 25 to September 8, and validators' interest in it is no coincidence: this is one of XRPL's key nodes. The Ripple veteran's verdict is that the system has fully recovered from the recent crisis and is operating with rock-solid stability, or, as Schwartz himself put it, "Rock Solid."
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For the ecosystem, this publication is more than just a set of dry charts — it is a long-awaited seal of approval. Just over a month ago, on July 31, the XRPL network suffered a serious infrastructure crisis.
How one spam attack nearly overloaded the XRP network and why its creator had to personally prove that everything had been fixedAnonymous attackers launched a so-called "manifest storm." A manifest is the digital credential of a validator node, and the attackers flooded the network with thousands of fake credentials, forcing nodes to spend resources processing garbage.
At the time, Schwartz's hub suffered widespread connection failures with an onReadMessage error directly at the agreement stage — the point at which nodes compare the state of the ledger with one another. However, block finalization and consensus itself were not interrupted for even a minute, and the incident was resolved through emergency engineering intervention without shutting down the network.
XRPL Hub Server peer latency metrics from August 25 to September 8, 2026, Source: David SchwartzDevelopers had to rush out the xrpld 3.2.1 hotfix. It limited manifest sizes and reworked data caching for unknown nodes so that the system would no longer waste resources on suspicious participants. A month later, Schwartz presented the first results of the patch under real-world conditions.
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The latest charts prove that the consequences of the attack have been completely eliminated. The hub reliably maintains around 400 simultaneous connections, peaking at 423, including 135 inbound and 271 outbound connections. Latency — the response time between nodes — fell to 165 milliseconds.
The only anomaly was a one-off spike to 1.49 seconds on September 6, but the algorithms contained it without affecting consensus. Connection drops remained at 84.6 incidents per five-minute interval — a normal background rate rather than a sign of trouble. The malicious activity metric, labeled "Abuse," fell to nearly zero, as the updated protection now filters out almost all garbage traffic.
In essence, this is not a routine uptime report for a single server, but a public audit of the updated xrpld software under real-world load. It confirms that XRPL's infrastructure is ready for long-term, stable operation.
XRP (CRYPTO: XRP) futures trading volume hit a six-month high in August as spot ETFs have now logged eight straight weeks of positive inflows.
What the Futures Data ShowsAccording to CryptoQuant, XRP futures trading volume across major exchanges reached its highest level since February during August, with total volume across Binance, Bybit, and OKX alone hitting $64.6 billion for the month.
Binance led with roughly $37 billion, followed by Bybit at $14.54 billion and OKX at $12.88 billion.
CryptoQuant noted that high futures volume does not automatically signal a rally since elevated activity can reflect both long and short positioning.
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Funding rates and open interest remain the key factors in determining which direction the new liquidity is actually pushing.
Ali Martinez posted on X that XRP has spent nearly a decade forming a massive ascending triangle on the monthly chart, with $3.66 as the critical resistance level.
A monthly close above that level would confirm the breakout and activate a long-term technical target near $60.
In a separate post Tuesday, Ali Martinez flagged a near-term descending triangle on the hourly chart with a clean break above $1.40 needed to trigger a rally toward $1.46.
XRP ETFs Extend Inflow Streak to Eight WeeksAccording to SoSoValue, XRP spot ETFs recorded positive net inflows for eight consecutive weeks through the week ending September 4, adding $18.96 million over the latest week.
That is a smaller figure than the $110.49 million added the prior week, but the streak extending to eight straight weeks without a single red print points to steady institutional accumulation rather than one-off demand.
XRP Price Analysis: Key Levels to WatchXRP holds flat Tuesday, compressing inside a symmetrical triangle that has formed since the September 4 spike to $1.4880.
The 20-day EMA at $1.3952 and session VWAP at $1.3944 both sit just below as thin support, with the 50-day EMA at $1.4011 as immediate resistance overhead.
Key levels for XRP: $1.40 — break above triggers move toward $1.46 $3.66 — monthly resistance, break confirms long-term $60 target $1.388 — triangle base support, losing this opens slide to $1.36 Image: Shutterstock
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Renowned American media personality Alex Jones has made noteworthy statements that are of great interest to XRP investors.
In a recent publication, Jones warned that with the global financial system coming under increasing pressure, governments might eventually try to seize private assets, and addressed this to XRP holders.
The Main Topic Was XRP! In a video posted from his Jones X account, he claimed that regulators could develop mechanisms to control citizens’ assets during a serious financial crisis, and that the possibility of federal authorities freezing private crypto assets during a systemic financial crisis could arise.
At this point, Jones specifically raises the possibility that authorities could target digital assets like XRP. Jones compares this potential scenario to the restrictions the US government placed on private gold ownership in 1933, noting that under extraordinary circumstances, digital assets could face similar interventions.
Jones also recalled earlier allegations that the US FDIC and European authorities discussed mechanisms that could lead to the use or damage of private financial assets during a banking collapse. However, he did not state or present any official documents confirming or showing that a coordinated plan to seize XRP or other private assets was being prepared.
However, Jones emphasized that he did not make a specific price prediction for XRP and that he does not consider himself an expert on cryptocurrency.
“I don’t think this will happen to the assets you hold. I’m not an XRP expert.”
XRP Community Objects to Jones! Jones’s statements also sparked debate within the XRP community. Vet, an XRP Ledger validator, countered Jones’s assessment, arguing that the claim of direct government seizure of XRP in a self-custody wallet, where the individual controls their own private keys, is technically problematic.
Vet, however, pointed out that while governments can impose legal and regulatory measures on centralized institutions such as exchanges and custody services, XRP held by individuals in self-custody wallets is not considered a bank deposit and would not be included in the FDIC liquidation process due to another bank’s bankruptcy.
*This is not investment advice.
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The amount of XRP an investor needs to rank among the top holders has fallen again.
Roughly 2,120 XRP is now enough to place a wallet in the top 10% of XRP Ledger accounts. At XRP’s current price of around $1.40, 2,120 XRP is worth approximately $2,968.
The latest figures show how XRP wallet distribution has changed as the XRP Ledger continues to add accounts. Notably, the total number of wallets on XRPL is 8,121,349.
2,120 XRP Reaches the Top 10% According to the latest XRP rich-list data, the thresholds increase as investors move toward the upper tiers.
XRP Holdings Approximate Ranking 2,119 XRP Top 10% 7,433 XRP Top 5% 10,019 XRP Top 4% 44,490 XRP Top 1% Current independent rich-list data puts the top-10% threshold at 2,119.55 XRP and the top-1% threshold at about 44,490 XRP as of September 8. That means a wallet holding 10,000 XRP, worth roughly $14,000 at $1.40, would already sit considerably higher than the top 10% threshold.
XRP Wealth Distribution Is Changing The shift coincides with the rapid expansion of the XRP Ledger’s account base. The network now has more than 8.12 million wallets, according to current rich-list data.
However, the number of accounts should not be interpreted as the number of individual XRP holders. One person can control multiple wallets, while exchanges and other custodians can hold XRP on behalf of many users.
There is also a major concentration effect at the top. Current data indicates that accounts below 1,000 XRP represent about 85% of the total, yet collectively hold only a small fraction of the XRP in those accounts.
For instance, 4,13 million accounts hold 0-20 XRP with a collective balance of 24.168 million tokens. Also, 2.55 million wallets hold 20-500 XRP with a collective balance of 220.8 million coins.
Could 2,120 XRP Become a Significant Position? A 2,120-XRP wallet may not look particularly large today. At $1.40 per XRP, it represents less than $3,000. But its ranking within the XRP Ledger appears significant.
If the value of XRP someday reaches $10, the same portfolio will rise to $21,200 or $212,000 at $100 per coin.
That does not mean 2,120 XRP is guaranteed to become a valuable portfolio in the future. XRP’s future price remains uncertain, and wallet rankings can change as holders accumulate or sell.
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.
Ripple CTO Emeritus and XRP Ledger chief architect David Schwartz has shared detailed operational metrics for his private hub, a pivotal relay server that forms a major communications point for other XRP Ledger nodes.
XRPL recovers after July infrastructure crisisThe latest telemetry, which spans August 25 to September 8, comes roughly a month after an infrastructure crisis rocked the XRP Ledger. On July 31, anonymous actors targeted the network with a “manifest storm”—an attack that flooded the system with thousands of fake validator credentials.
A manifest acts as a digital credential for each validator node. By overwhelming the network with inauthentic manifests, attackers forced legitimate nodes to divert resources toward processing spam, putting the ledger’s operational stability at risk.
Schwartz’s core relay hub was among the most affected servers. It experienced numerous connection failures, including an “onReadMessage” error right at the agreement stage, the critical moment when nodes compare and validate the state of the ledger. Despite the widespread disruption, block finalization and consensus mechanisms continued without interruption, and network engineers intervened swiftly to resolve the problem without taking the network offline.
Security upgrades and real-world performanceXRP Ledger developers quickly released the xrpld 3.2.1 hotfix after the incident. The update curtailed the potential impact of spam by capping the size of manifests and improving how the system caches data from unknown nodes. This change aimed to prevent the network from wasting computing power on unauthenticated entities.
Schwartz reviewed the impact of these security measures in his latest publication, revealing that the system’s stability has not only recovered but also strengthened against similar attacks. New monitoring data shows that his relay hub reliably supports around 400 simultaneous connections, reaching a peak of 423 in this period—comprising 135 inbound and 271 outbound links with other network nodes.
Latency, a core indicator of network health reflecting the response time between nodes, dropped to 165 milliseconds. This improvement highlights the recovery from the prior disruption. The only irregularity spotted was a brief latency spike to 1.49 seconds on September 6, which the system’s algorithms managed without any impact on ledger consensus.
The updated XRPL node software effectively contained threats and maintained both connectivity and consensus, eliminating nearly all malicious traffic while keeping connection interruptions within normal operational ranges.
Metrics for malicious behavior, labeled as “Abuse,” have almost vanished, as the enhanced filters now block the vast majority of suspicious activity. The network’s rate of dropped connections registered at 84.6 incidents per five minutes, within typical limits for XRPL hubs under heavy load.
Wider trends: Web3 infrastructure and tokenized assetsThese technical improvements and resilient performance come at a time when traditional financial infrastructure is facing a paradigm shift. Industry participants are turning to Web3 solutions, with platforms such as 1stepSwap enabling investors to directly hold shares of leading U.S. companies, gold, and silver in crypto wallets. Tokenization of real-world assets—and automatic optimization for best prices across markets—removes intermediaries, streamlining market access for users accustomed to complex traditional brokerage systems.
Schwartz’s findings serve as a public demonstration that the XRP Ledger and its core hubs are ready for ongoing, stable network activity, even as market participants increasingly explore on-chain infrastructure and asset tokenization.
Network data confirms the latest software update has prepared XRPL for stable, high-volume operation, building resilience for the ecosystem’s next phase of growth.
Cover image via U.Today 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.
Major crypto exchange Coinbase appeared to record a massive surge in its XRP holdings, according to X account XRP Rich List Bot, which posted an hourly update showing Coinbase's XRP balance rising 4,870.7% to 5,569,165,957 XRP.
The surge coincided with no announcement of new buys or of Coinbase receiving the massive stash of XRP, causing popular XRPL explorer XRPScan to set the record straight.
The clarification remains necessary given that the XRP Rich List Bot is an automated monitoring bot for XRP-rich wallet balances, which reports hourly tracking of significant wallet changes, making it crucial for XRPScan to add the right context.
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Clarifying the 4,870% increase, XRPScan noted that Coinbase did not gain 5.5 billion XRP. The change was rather caused by a major update to its wallet identification system; XRPScan stated it had just completed the identification and labeling of 146 previously unidentified Coinbase wallets.
The update brought those XRP holdings under Coinbase's recognized rich-list balance. As a result, Coinbase moved into the No. 3 position on the XRP rich list.
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In August 2026, XRPScan announced a revamp of its platform, with the recent consolidation of the Coinbase wallets being part of its efforts to provide streamlined and accurate data reporting.
Coinbase now boasts a 5,683,635,165 XRP balance, or a 5.684% share of XRP supply, across 152 accounts, taking the 3rd spot on the rich list. Ripple leads the rich list with a 3,781,131,458 XRP balance and 35,700,000,000 XRP sitting in escrow across a total of 26 accounts. Upbit sits in second spot with a 6,416,060,312 XRP balance across 12 accounts. Binance ranks fourth with a 2,608,237,482 XRP balance sitting across 18 accounts.
XRPL newsIn a recent development, Permission Delegation on the XRP Ledger has passed an independent security review by Cantina Security and the XRPL quality assurance test suite.
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According to XRPScan data, fixCleanup3_3_0, a major bundled fix amendment, is scheduled to activate on the XRP Ledger mainnet in the next two days if validator support remains above the required threshold.
In a separate development, the Batch amendment is closing in on a majority, nearing 80% support with a current 71.43% consensus.
French crypto analyst Egrag has released a new technical analysis focused on XRP, one of the largest altcoins by market capitalization. Egrag’s assessment centers on understanding XRP’s historical bull runs using both arithmetic and geometric averages to determine potential future price levels.
XRP’s historical bull runs analyzedReviewing XRP’s past market cycles, Egrag calculated the percentage gains for three major rally periods. According to the analyst, XRP posted price surges of 2,405%, 1,002%, and 1,250% across its previous bull cycles. These moves have commonly served as reference points within the crypto community for projecting potential future trajectories.
To provide a precise projection, Egrag used two mathematical approaches. The arithmetic average of these rallies is 1,552%, while the geometric mean stands at 1,444%. Applying the geometric mean to XRP’s price, Egrag estimated the token could potentially reach around $13 if a similar bull run unfolds.
The analyst contrasted each method, explaining that arithmetic averaging gives equal weight to each market cycle. In contrast, the geometric mean measures compounded growth and is considered more conservative in its projections. Egrag stated a preference for the geometric approach, emphasizing its suitability for measuring compounded returns across multiple cycles.
Mathematically, the geometric mean “measures the average compounded multiplicative expansion across those three cycles”, and is less speculative than other calculation methods, Egrag argued.
Egrag also dismissed the use of more speculative price prediction tools such as smoothed moving averages or Fibonacci retracement levels for these projections, stating, “No fantasy numbers, no random targets. Just Math.”
Mini dictionary: Geometric mean – In financial analysis, geometric mean reflects the average rate of return per period on assets that are compounded over multiple periods, providing a more conservative estimate where compounding is relevant.
CycleXRP Bull Run (%)First cycle2,405%Second cycle1,002%Third cycle1,250%Arithmetic average1,552%Geometric mean1,444%External factors and altcoin market contextEgrag acknowledged that past performance cannot guarantee future results, especially in the unpredictable cryptocurrency market. The analyst highlighted how macroeconomic factors such as rising energy prices and ongoing political uncertainties continue to impact digital assets, including blue-chip altcoins like XRP.
Citing market research from Wintermute, a leading liquidity provider in digital assets, Egrag highlighted that large-cap altcoins have demonstrated relative resilience. Several of these coins managed to hold key price levels even as technology stocks experienced sharp sell-offs in recent weeks.
The stability of major altcoins amid equity market volatility suggests that sector rotation and broader economic factors continue to influence crypto performance alongside technical elements.
Egrag’s latest analysis adds to the ongoing discussion regarding the role of mathematical modeling in anticipating price movements for high-profile cryptocurrencies. While technical patterns offer one perspective, industry observers continue to monitor both chart-based analysis and macroeconomic trends for a more complete outlook on future price action.
Disclosure: This content is provided by a third party. Neither crypto.news nor the author of this article endorses any product mentioned on this page. Users should conduct their own research before taking any action related to the company.
XRP derivatives experienced a rare 10,535% liquidation imbalance during the Labor Day period, a time typically characterized by lower liquidity.
Summary
XRP briefly fell to about $1.38 as leveraged long liquidations intensified during low holiday liquidity. XRP open interest reportedly dropped 14%, from $558 million to $478 million. US spot XRP ETFs recorded an eighth straight week of inflows, adding approximately $19 million. EX DeFi promoted cloud-mining contracts to XRP holders, though its advertised returns are not guaranteed. XRP has recently undergone significant market volatility. Amidst the relatively low liquidity of the Labor Day holiday, the price briefly retraced to around $1.38, triggering the forced liquidation of a large number of leveraged long positions. Subsequently, XRP fluctuated around the $1.40 mark, signaling a market-wide “leveraged flush-out.”
This correction does not imply a fundamental shift in XRP’s underlying value. Recent data show a marked decline in open interest and leverage levels, with approximately $14.2 million in XRP-related liquidations occurring across the market over the past 48 hours. This indicates that previously concentrated leveraged positions are being gradually cleared, easing short-term speculative pressure.
Meanwhile, long-term interest in XRP remains intact. US spot XRP ETFs have recorded net inflows for eight consecutive weeks; the most recent week saw an inflow of approximately $19 million. Although the volume has decreased compared to earlier periods, the sustained positive inflow demonstrates that institutional investor interest in XRP has not waned.
For investors concerned about potential losses from further short-term price drops, a practical question arises: beyond simply waiting for the price to rise, are there more flexible ways to utilize their digital assets and explore opportunities for long-term returns?
Against this backdrop, an increasing number of XRP holders are shifting their investment strategies toward EX DeFi cloud mining platforms. They are seeking a more stable path for asset growth that is insulated from the volatility of the broader cryptocurrency market.
Why has XRP been so volatile recently? XRP’s recent volatility is closely linked to the concentration of leveraged positions, shifts in market liquidity, and rapid changes in investor sentiment.
XRP had previously surged in August, briefly approaching the $1.70 mark. This rapid rise attracted a large number of leveraged traders to the market; when the price subsequently retreated from its highs, stop-loss orders and forced liquidations on long positions were triggered, further amplifying the downward movement.
This type of “long squeeze” often triggers a chain reaction: prices fall → long positions are forced to close → market selling pressure mounts → prices weaken further. Recently, XRP open interest dropped from approximately $558 million to $478 million—a decline of about 14%—indicating a significant contraction in market leverage.
From another perspective, the reduction in leverage could also signal that the market is undergoing a repricing process. With highly leveraged positions cleared out, any subsequent capital inflows could actually lead to a healthier price trajectory.
Are the bullish factors for XRP fading? Not at all. Although XRP faces short-term price pressure, there are still noteworthy positive factors regarding its ecosystem development.
First, on Sep. 1, Ripple unlocked 1 billion XRP tokens in accordance with its established escrow mechanism. It is important to note that an escrow unlock does not mean the entire 1 billion XRP is dumped onto the market; a significant portion of the tokens is typically returned to escrow. Following this unlock, XRP did not experience the massive sell-off the market had previously feared.
Second, capital inflows into XRP ETFs remain positive. Recent data show that US spot XRP ETFs have recorded net weekly inflows for eight consecutive weeks. While the inflow of approximately $19 million last week was lower than the previous week, the sustained positive inflow remains a key signal for the market.
Therefore, a more accurate assessment is not that “bullish factors for XRP have vanished,” but rather that the price is currently digesting profit-taking and leveraged positions following the recent rally, while medium- to long-term fundamentals remain supported by institutional capital, ETFs, and the growth of the XRPL ecosystem.
What should be watched regarding XRP’s next price moves? Currently, the $1.40 level has become a critical psychological benchmark for the market.
If XRP can firmly re-establish itself above $1.40 and gradually break through the $1.45–$1.50 range, market sentiment could improve. A further breakout above the previous resistance zone of $1.65–$1.70 would likely make the $2.00 mark a key psychological target for investors once again.
Conversely, if XRP consistently fails to hold the $1.40 level, there is a risk of a further pullback to previous support zones.
XRP investors seek additional ways to generate returns For long-term XRP holders, short-term price fluctuations do not necessarily translate into increased returns. Beyond simply waiting for the price of XRP to rise, some investors are turning to digital asset yield models—such as cloud mining—to enhance the utility of their assets and generate returns through alternative methods.
The EX DeFi cloud mining platform specializes in cloud-based computing power services, allowing users to participate in mining operations online without the need to purchase or maintain specialized mining hardware.
About EX DeFi Founded in the UK, EX DeFi is a platform dedicated to cloud mining and digital asset-related services. By leveraging cloud computing power, intelligent technology, and digital asset infrastructure, the platform offers users a convenient way to engage with digital assets.
The platform employs a multi-layered security architecture, featuring:
Annual financial and security compliance audits by PwC; Digital asset custody insurance from Lloyd’s of London; Enterprise-grade network protection via Cloudflare and McAfee® security systems; security measures such as cold wallet isolation and real-time risk monitoring; Multi-layered encryption architecture, AI-driven intelligent risk control, and two-factor authentication (2FA). Currently, EX DeFi supports a wide range of mainstream digital assets, including XRP, BTC, ETH, USDT, USDC, DOGE, LTC, and SOL. Three steps to get started with EX DeFi 1. Register an account
Sign up via official EX DeFi channels using your email address. New users receive a $17 trial bonus.
2. Select a cloud mining contract
Choose a cloud mining contract that aligns with your budget and investment goals, then start mining with a single click.
3. View earnings
Once the contract is activated, the system automatically allocates computing power and calculates earnings. Users can choose to withdraw their profits or reinvest in future mining contracts.
Mining Contract Plans: Investment: $100 | Duration: 2 days | Daily return: $4 | Total profit: $100 + $8
Investment: $500 | Duration: 6 days | Daily return: $6.5 | Total profit: $500 + $39
Investment: $1,000 | Duration: 10 days | Daily return: $13.5 | Total profit: $1,000 + $135
Investment: $5,000 | Duration: 20 days | Daily return: $73.5 | Total profit: $5,000 + $1,470
Investment: $10,000 | Duration: 30 days | Daily return: $161 | Total profit: $10,000 + $4,830
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What to watch next for XRP? Following a recent rapid surge and a leverage flush-out, the XRP market is entering a phase of new equilibrium. In the short term, whether the price can firmly re-establish itself above $1.40 and whether ETF inflows resume growth will be key factors influencing market sentiment. In the medium to long term, the development of the XRPL ecosystem, institutional adoption, and the regulatory environment for digital assets remain areas worth continued attention.
For XRP holders, market volatility brings both risk and potential opportunities for asset reallocation. Beyond monitoring XRP price trends and ETF capital flows, investors can also explore avenues like EX DeFi cloud mining to generate diversified returns on their assets.
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Amid the ongoing pullback following the August rally, XRP must defend its current price level to maintain its bullish trend.
XRP has reached an important point as it tries to hold on to its recent recovery. Currently, XRP trades at $1.39, with a market capitalization of $86.94 billion. The token has also fallen 1.79% over the past 24 hours. This decline follows XRP’s 28.5% gain in August, its strongest August performance in five years.
However, XRP has struggled to keep that momentum going. The token briefly moved above $1.42 during its recovery before falling back toward $1.396. With the price now sitting close to a key support area, the next few trading sessions could determine whether buyers can keep the recovery on track or sellers push the price lower.
XRP Faces Test Around $1.39 The broader crypto market has also made the situation more difficult for XRP. Total crypto market capitalization has dropped 3.12% to about $2.69 trillion, while Bitcoin dominance has climbed to 59.12%. When Bitcoin takes up a larger share of the market, altcoins such as XRP often struggle to attract the same level of buying interest.
At the same time, the Fear & Greed Index stands at 71, which keeps overall sentiment in the Greed category despite crypto prices pulling back.
XRP has entered a period of consolidation below several moving averages after traders took profits near resistance. Still, the token remains slightly above its 200-day simple moving average (SMA 200) at $1.3927.
XRP 1h Chart This makes the $1.39 area especially important. XRP currently has immediate support at $1.3887. A confirmed break below this level could weaken the current price structure and open the way toward the $1.36-$1.35 area, which several analysts consider the next major demand zone.
The momentum indicators also show that buyers have lost some strength. The XRP RSI sits around 41, showing weaker momentum but remaining above oversold levels. The daily MACD histogram reads -0.01, which also indicates a slowdown in bullish momentum.
XRP Needs to Reclaim $1.40 XRP’s range from the previous trading session shows that the token reached $1.41 at its highest point and fell to $1.38 at its lowest. This places the $1.38-$1.42 range at the center of the current price action.
For XRP to regain stronger upward momentum, buyers need to push the token back above the $1.4018-$1.4057 range and hold that area. A successful move above this zone could put $1.4132 next, followed by $1.4267.
Until XRP moves back above the $1.4057-$1.4132 range, the recent rebounds could remain short-term recoveries rather than signs of a renewed uptrend. As a result, buyers have two clear tasks: defend $1.3887 and reclaim the $1.4018-$1.4057 area.
If XRP loses $1.3887, however, selling pressure could increase quickly. In that case, traders could turn their attention to $1.36-$1.35, where the next major support area sits.
XRP ETFs Continue to Attract Capital While the short-term chart looks uncertain, XRP continues to receive support from the institutional side. Spot XRP ETFs recorded $18.96 million in net inflows during the week ending Sept. 4, extending their positive streak to eight consecutive weeks.
The latest inflows came after an even stronger week. Specifically, during the week ending Aug. 28, XRP ETFs recorded $110.49 million in net inflows, marking their largest weekly intake of 2026. Cumulative net inflows have now reached about $1.68 billion.
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.
XRP is again displaying a technical structure that led to some of its most significant rallies in past years, according to cryptocurrency analyst Dark Defender. In a recent update, Dark Defender highlighted a repeating pattern on the weekly chart known as the Exponential Moving Average (EMA) “Jumping Pattern,” which previously surfaced before notable price surges in 2014 and 2017.
Jumping Pattern on the Weekly ChartThe chart analysis identifies two previous appearances of this Jumping Pattern. The first formed in 2014 and the second in 2017, both preceding strong upward moves. Dark Defender noted the recent structure resembles those setups and implied that a major rally may be near. The analyst referred to this potential upward movement as the “Frog Leap for an all-time high.”
In historical instances, XRP consolidated near important moving averages before initiating its strongest runs. The current setup appears similar, with the asset now compressing around the 23.60% Fibonacci level at $1.1204 and facing resistance at the 85.40% level, marked at $1.5692.
XRP appears ready, mirroring its 2014 and 2017 Exponential Moving Average Jumping Patterns. The possibility of reaching an all-time high may be closer than anticipated.
A major rally in 2017 pushed XRP above $3 for the first time since 2018, fueled by this same pattern. Now, analysts are watching closely as a similar formation develops.
Key Fibonacci Levels and Price TargetsDark Defender’s analysis provides a sequence of upside targets based on Fibonacci retracement levels. These milestones outline potential price appreciation zones if a breakout occurs. The 161.80% level is set at $1.8815, followed by 261.80% at $4.1043. Further above, targets include 361.80% at $7.0786, 427.20% at $10.1101, and the highest projection at $18.2275.
Fibonacci LevelPrice Target (USD)23.60%$1.120485.40% (Resistance)$1.5692161.80%$1.8815261.80%$4.1043361.80%$7.0786427.20%$10.1101Final Target$18.2275The analyst emphasized that this technical setup remains valid even if the legislative outlook for digital assets changes in the near term.
Regulatory Outlook: CLARITY ActThe CLARITY Act, a proposed bill designed to establish regulatory guidelines for digital assets such as XRP, is approaching a key Senate procedural vote scheduled for September 15. The US House of Representatives is set to leave Washington by September 17 and is not expected to return before mid-November, which could delay further legislative progress.
Senator Cynthia Lummis, a member of the US Senate actively involved in cryptocurrency regulation, has warned that failure to pass the bill soon may push substantial crypto legislation decisions to 2030.
Mini dictionary: CLARITY Act, a draft law introduced in the US aiming to provide a clear regulatory framework for digital assets, including cryptocurrencies like XRP. The legislation seeks to clarify existing uncertainties around their legal status and compliance requirements.
What the Chart Implies for XRPAccording to Dark Defender, the current EMA structure on the weekly chart positions XRP at the base of a repeated launch pattern, with moving averages converging in a similar setup to prior rallies. The analyst maintains a bullish outlook for XRP’s potential to reach new historical highs, although the outcome remains subject to broader market and regulatory factors.
Current XRP price action aligns closely with prior breakout sequences, suggesting a possible move toward double-digit gains if the pattern holds.
Flare Networks has introduced a new utility for XRP by enabling it to earn yield through vaults, converting it into FXRP. This development allows XRP holders to deploy their assets for earning, expanding its use beyond simple transfer and exchange activity. The introduction of this feature is consistent with an increase in XRP’s utility, potentially influencing its market dynamics positively. As of early September 2026, XRP maintains a price around $1.35 and continues to hold a significant presence in the cryptocurrency market.
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Key Takeaways Flare Networks’ initiative suggests a new utility for XRP, potentially influencing market dynamics positively. The capability to earn yield on XRP through FXRP is consistent with expanding its use in decentralized finance. Market pricing suggests this development could impact XRP’s likelihood of reaching an all-time high by 2026. What to Watch The introduction of FXRP by Flare Networks may influence market sentiment regarding XRP’s price trajectory. Key developments to monitor include any statements from Ripple’s CEO Brad Garlinghouse, or regulatory shifts involving the U.S. SEC. Additionally, indicators such as ETF approvals or significant inflows and outflows in XRP-related markets could play a critical role in shaping XRP’s future price potential. Market participants will likely be attentive to any major announcements from influential financial institutions that could impact XRP’s adoption and usage.
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Term Structure
Contract Odds Δ since publish Volume 24h September 30, 2026 0.9% — — View market → December 31, 2026 5.1% — — View market →
XRP has long been one of crypto’s most widely held assets, but it’s also been one of the most frustrating to put to work. While Ethereum and Solana holders have had a buffet of DeFi options for years, XRP largely sat in wallets collecting dust. Flare Networks is changing that equation, and the numbers suggest holders are paying attention.
The Flare Smart Accounts (FSA) v1.3 update, launched on July 28, 2026, lets XRP holders mint FXRP, a 1:1 representation of their XRP on the Flare network, and deposit it directly into yield-generating vaults. The kicker: it requires just a single signature from an existing XRPL wallet. No complex bridging protocols, no setting up a separate EVM wallet.
The numbers tell the story FXRP deployed in DeFi has grown from 82 million to 144 million since February 2026. That’s roughly 75% growth in about five months.
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Beyond the FXRP figures, more than 40 million XRP is currently earning yield through integrated wallets like Xaman and D’CENT.
The vault ecosystem is where things get interesting. Monarq operates a multi-strategy XRP Yield Vault targeting 3-4% APY through diversified strategies.
Clearstar’s fully on-chain DeFi vault has deployed over 33 million FXRP across lending and liquidity protocols.
How the plumbing actually works FXRP is part of Flare’s broader FAssets system, which creates representations of non-smart-contract tokens on Flare’s EVM-compatible network.
Each FXRP token remains backed 1:1 by XRP collateral secured on the XRP Ledger itself. Users don’t surrender custody of their underlying assets to a centralized entity. The collateral sits on XRPL, the representation lives on Flare, and smart contracts handle the mechanics in between.
This latest update builds on groundwork laid by the earnXRP vault, which launched in December 2025. That initial product established the basic infrastructure for XRP yield generation on Flare, but the newer vault options from Monarq and Clearstar offer variable returns and more sophisticated strategies compared to the earlier fixed-rate approach.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
XRP has entered another important phase after its August rally, with the weekly chart now indicating a possible cup-and-handle breakout.
The structure suggests that the recent decline may represent a retest of this breakout. If XRP holds key support and eventually clears the handle, the chart projects several upside targets, including $3.6330, $6.8899, and $13.5687.
XRP currently trades around $1.39, up roughly 3.5% over the past week. The structure begins with XRP’s decline from its July 2025 cycle high near $3.65 to about $0.99 in mid-August 2026, representing a drawdown of almost 73%.
The August low then triggered an impressive recovery, with XRP gaining more than 60% within a few days and reaching an interim high near $1.70.
The rebound followed several positive developments, such as expected higher liquidity injection, renewed optimism surrounding the CLARITY Act, whale accumulation, and continued spot XRP ETF inflows. However, the rally could not hold its gains for long.
August Crash Leaves XRP in a Handle On Aug. 22, XRP experienced a flash crash that pushed the token down more than 37% intraday. The move triggered roughly $500 million in leveraged long liquidations before XRP found some stability. Since then, the token has spent the first week of September moving within a tighter range between $1.30 and $1.50.
XRP Weekly Chart The current range gives the chart a structure that could develop into the handle portion of a larger cup-and-handle formation.
Within this structure, XRP faces resistance around $1.45-$1.50, while buyers have stronger support near $1.35, followed by the $1.30-$1.31 area. As long as XRP maintains these levels, the bullish structure remains intact.
On the weekly chart, XRP’s recent price action also forms a descending wedge, with two converging trendlines containing the August rally and subsequent decline. The current consolidation near $1.30-$1.40 could represent the handle before XRP attempts to reclaim the resistance shelf above it.
Fibonacci Levels Point Toward $13 The Fibonacci extension from the previous price swing provides a series of potential upside objectives. The first target sits at $2.4062, followed by $3.6330, $6.8899, and finally $13.5687. Among these levels, $3.6330 is important because it matches XRP’s July 2025 cycle high near $3.65.
This makes the level a crucial test if XRP completes the cup-and-handle breakout. A successful move beyond that area could then shift attention toward the higher $6.8899 and $13.5687 Fibonacci extensions.
The $13 target, however, requires much stronger momentum than the initial breakout. From the current $1.39 price, reaching $13.5687 would require a rally of more than 800%.
XRP Must Hold $1.35 Several factors continue to support the bullish interpretation. First, XRP has remained above its 20-week EMA, a level it failed to reclaim in May before falling toward $0.98. Meanwhile, a potential golden cross could develop, which would add support to the longer-term bullish case.
However, momentum has already cooled. Weekly RSI has fallen to around 58 after previously reaching overbought territory, while trading volume has declined since early September. These conditions mean XRP needs renewed buying pressure to push through the $1.45-$1.50 resistance zone and confirm the handle breakout.
For now, $1.35 remains a key level for the bullish setup. A daily and weekly close below it would weaken the structure, while a break under $1.30 could expose the next support around $1.23. Such a move would put the cup-and-handle thesis under serious pressure before XRP could reach the $2.4062 or $3.6330 targets.
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.
Zcash (CRYPTO: ZEC) and privacy coins have emerged as crypto’s standout trade, with Glassnode data on Sept .7 showing that the sector has dramatically outperformed Bitcoin, XRP (CRYPTO: XRP) and other major cryptocurrencies.
How Zcash Drives The Privacy RallyAs Bitcoin remains 36% in the red in 2026, privacy coins are enjoying a remarkable run, up 213% on the year, Glassnode shows.
The market capitalization of top-200 privacy coins has jumped from $7.1 billion a year ago to $33.6 billion today, with nearly half of that growth coming in the past month.
Zcash has driven much of the rally, soaring 2,496% and climbing from into the top 10 cryptocurrencies by market capitalization.
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It now represents roughly 62% of the privacy sector’s value.
All eight privacy coins with at least one year of trading history are higher over the past year, compared with only one in eight assets across the top 200.
Can ZEC Peak At $5,000?91.5% of the top 200 cryptocurrencies are up over the past 30 days, the broadest positive month in Glassnode’s dataset.
Santiment data shows that Zcash social volume peaked alongside its price at 391 mentions, roughly four times its late-August baseline.
Crypto trader Altcoin Sherpa noted that recent Zcash pullbacks have remained relatively shallow at around 5% to 15%.
He expects buyers to continue stepping in on dips and sees significantly more upside if Bitcoin stays strong.
"I still think it’s prob going to $5,000-$10,000 this cycle if Bitcoin remains strong," the trader said.
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Versan Aljarrah, founder of Black Swan Capitalist, analyzed remarks from Ripple CEO Brad Garlinghouse and concluded that central banks form the core customer base for XRP’s core utility. Aljarrah views XRP as a financial asset designed specifically to store and transfer value instantly, globally, and at minimal cost.
Garlinghouse points to inefficiencies in current systemsBrad Garlinghouse, who has led Ripple in advancing cross-border payment technologies, offered concrete examples of central banks facing significant hurdles in moving large-scale assets. He referenced the Central Bank of the Netherlands’ recent effort to relocate $11 billion in gold between New York and London. Despite logistical plans, approximately 70% of the gold was not physically transferred; instead, the bank sold gold in New York and repurchased it in London, underlining the inefficiencies in traditional asset movement.
Garlinghouse also highlighted how Germany once spent four years shifting 674 tons of gold, valued at $36 billion, from storage in Paris and New York. He criticized financial institutions for continuing to rely on outdated infrastructure, likening their processes to methods used in the 1940s and called the persistence of these legacy systems “confounding.”
Ripple’s CEO identified central banks as the product’s primary customers, describing XRP as an inventory specifically engineered to store and move value worldwide, instantly, and at almost no cost. This, he noted, outlines the core function, not just a hint about the product’s purpose.
Aljarrah’s thesis on XRP and central banksThis is not the first time Aljarrah has associated central banks directly with the XRP proposition. Previously, he asserted that central banks are collaborating with Ripple to reshape the future of global finance, particularly in the area of cross-border transfers. He has called XRP “the ultimate powerhouse in the world of finance.”
According to Aljarrah, recent public comments from Garlinghouse offer clear evidence to support this thesis. He draws a direct connection from the operational challenges central banks face to XRP as the solution he believes is purpose-built for these needs.
Mini dictionary: Black Swan Capitalist is a financial research group and media platform focusing on macroeconomic events, digital assets, and disruptive technologies.
XRP’s technology and institutional appealThe XRP Ledger processes cross-border value transfers in under five seconds. Through tokenized gold transactions on the ledger, ownership can be transferred on-chain without moving the physical asset or facing delays and settlement risks. This setup enables banks and institutions to update records of ownership efficiently, without logistical complications.
Garlinghouse has noted that the broader crypto market has expanded from a $1.5 billion experiment to a $2.7 trillion asset class, yet many central banks continue using slow, decades-old systems for asset movement and settlements. The XRP Ledger aims to provide a prompt, digital alternative to these legacy systems.
Institutions face lengthy timelines in international settlements under current systems, while solutions like the XRP Ledger enable nearly instantaneous value transfers. This difference highlights the opportunity for central banks to modernize operations with new technology.
Outlook on Ripple and central bankingAljarrah maintains that XRP’s role in global finance is structural, placing it at the heart of institutional strategies. Through ongoing engagement with Ripple, he believes central banks are actively addressing legacy complications by leveraging XRP for cross-border transactions.
He points to the substantial gap between traditional settlement times and the capabilities of blockchain-based solutions. For Aljarrah, Garlinghouse’s statements clarify that XRP is not only positioned as a bridge for banks but is already operational as a tailored answer for central bank needs.
XRP is currently trading at $1.3987 as of September 7, 2026, remaining significantly below its 2025 highs. Despite a sustained pullback, the cryptocurrency has triggered a technical signal on its weekly chart, capturing the attention of several analysts in the digital assets market.
Supertrend indicator flips greenCrypto analyst BankXRP published an updated chart indicating that XRP’s weekly Supertrend indicator, set to parameters of 10 and 3, has flipped from red to green. The Supertrend now stands at $0.8897, marking a support level below the current market price.
XRP’s value is holding above this indicator, creating a gap that some traders are watching closely for signs of renewed bullish sentiment. The Supertrend is a popular technical analysis tool used to identify trend direction and potential reversals based on recent price movements.
Mini dictionary: Supertrend indicator, a technical analysis tool that uses price and volatility data to signal the prevailing trend and possible reversal points. When the indicator turns green, it typically suggests a bullish outlook if price remains above the support level generated by the indicator.
Historical patterns and technical precedentAccording to BankXRP, previous major rallies in XRP have often begun after a weekly Supertrend flip to green. Historical chart data highlights two significant moments: the 2021 surge to $1.96 and the 2024–2025 rally that sent XRP higher by more than 500%. In both instances, the green Supertrend line appeared below price action just before extended upward movements.
Every major leg up in XRP history has started with exactly this kind of weekly flip. Bulls need to hold above the flip zone to keep this alive.
This pattern suggests that Supertrend flips have acted as confirmation signals for substantial trend changes in the past, though they are lagging by design.
Current market setup and support levelXRP opened the week at $1.4235, briefly touched a high of $1.4316, and retraced to a low of $1.3880. The recent peak reached $1.68 following a sharp rally in late August, but the coin has since eased back. Analysts now consider the $0.8897 Supertrend level to be the critical support point to monitor.
MetricValueCurrent Price$1.3987Weekly Open$1.4235Weekly High$1.4316Weekly Low$1.3880Recent Peak$1.68Supertrend Support$0.8897The price remains roughly $0.51 above the Supertrend support, but opinions among traders are divided. While BankXRP notes the importance of holding above the zone, other voices in the community anticipate volatility and caution that further positive price movements may be needed to confirm a sustained trend reversal.
Outlook and community responseXRP experienced a lengthy decline throughout the second half of 2025 and much of 2026 after reaching its all-time high. This downward trend moved the asset down toward $1, but the recent rally to the $1.30–$1.40 range has contributed to what analysts describe as a technical reset on longer timeframes.
The latest Supertrend flip is viewed as a notable bullish signal by some, but others advise caution until continued strength is documented. Community opinions vary on whether XRP’s current position is a prelude to another major rally or simply a pause within a broader consolidation.
The $0.8897 Supertrend level is the key number to watch. A weekly close below it would invalidate the bullish case, while holding above maintains the current setup. Some believe XRP still needs two or three strong weekly performances to offer clearer confirmation.
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.
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.
Bitcoin and Ethereum ETFs had a bit of a couples therapy moment on September 2, with the two asset classes heading in starkly different directions. Bitcoin ETFs pulled in a net 398 BTC, worth roughly $31M, while Ethereum ETFs hemorrhaged 19,667 ETH, approximately $48M, in a single trading session.
The divergence is notable not because crypto funds move in lockstep (they don’t), but because it snapped a 12-session inflow streak for Ethereum products.
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The weekly picture softens the blow Over the week, Bitcoin ETFs accumulated 8,937 BTC, while Ethereum ETFs still managed a net positive weekly inflow of 15,939 ETH despite the ugly daily number.
Bitcoin ETFs had a particularly strong showing across multiple sessions. September 2 brought in $101M, and September 4 followed with $175M. For the week ending September 4, Bitcoin ETFs amassed close to $987M in net inflows. Cumulative net inflows into US spot Bitcoin ETFs have now exceeded $55B since they debuted in January 2024.
BlackRock remains the gravitational center The issuer landscape continues to be dominated by a familiar trio: BlackRock, Fidelity, and Grayscale. BlackRock’s IBIT fund on the Bitcoin side, along with its ETHA and ETHB products for Ethereum, consistently lead in daily volume and investor flows.
Grayscale occupies an interesting position. Its converted trust products still carry higher fee structures than newer competitors, which has historically led to persistent outflows as investors rotate into cheaper alternatives.
2026 has been a roller coaster for crypto ETF flows The September divergence fits neatly into a broader 2026 pattern of extreme volatility in fund flows. June brought record outflows across both Bitcoin and Ethereum products. April and August, by contrast, saw robust inflow periods. Crypto flows closely track two variables: overall investor risk appetite and interest rate expectations.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Key Highlights Bitmine’s Ethereum treasury stands at 5.93M ETH valued at $14.8B, accounting for 4.9% of circulating supply Combined cryptocurrency, cash reserves, and equity investments total $15.7B as of September 7 Staking operations involving 5.07M ETH tokens project $330M in annual revenue BMNR shares climbed 99% quarter-to-date, securing fourth place among Russell 1000 constituents Company streamlined staking management by switching to American Validator LLC with a simplified 1.5% advisory fee structure On September 8, Bitmine Immersion Technologies (BMNR) revealed that its aggregate holdings—including digital assets, liquid capital, and speculative equity stakes—reached $15.7 billion as of September 7, calculated with Ethereum priced at $2,495.
Bitmine Immersion Technologies, Inc., BMNR
The firm’s Ethereum position consists of 5,929,198 tokens with a market value approaching $14.8 billion. This accumulation equals 4.9% of Ethereum’s 122 million token total supply, positioning Bitmine within striking distance—97% of the way—to its declared objective of controlling 5% of all circulating ETH.
During the seven days preceding the announcement, Bitmine acquired an additional 28,090 ETH tokens. This rapid acquisition rate demonstrates the company’s sustained commitment to expanding its Ethereum exposure.
Among its Ethereum reserves, 5,067,309 tokens are actively deployed in staking through the company’s MAVAN infrastructure, representing approximately $12.6 billion at prevailing market rates. This staking deployment generates an estimated $330 million in annualized income based on current 7-day yield metrics.
Bitmine’s diversified treasury extends beyond Ethereum to include 211 Bitcoin tokens, $593 million in cash and liquid securities, a $180 million equity position in Beast Industries, and $91 million worth of Eightco Holdings (ORBS) shares. These equity stakes comprise what management characterizes as the company’s “moonshot” portfolio.
Staking Platform Transition Reduces Operational Complexity Between September 3 and 4, a Bitmine subsidiary ended its extended management services contract with Ethereum Tower, which had overseen staking infrastructure operations.
This agreement was superseded by a streamlined advisory relationship with American Validator LLC. The revised arrangement establishes a straightforward 1.5% fee assessed on staking rewards, eliminating substantial early-exit penalties. Previously accrued financial commitments under the terminated contract will continue to be honored.
BMNR shares have appreciated 99% during the current quarter, positioning the stock as the fourth-strongest performer within the Russell 1000 index over this timeframe. Ethereum’s status as the leading macro asset in Q3 performance has amplified investor attention toward companies with significant ETH exposure.
Trading Activity and Valuation Metrics BMNR maintains daily trading volume exceeding 38 million shares on average. The stock’s recent inclusion in the Russell 1000 index has driven increased market participation and liquidity.
The latest Wall Street coverage assigns BMNR a Buy recommendation with a price objective of $30.00.
With a market capitalization hovering around $15.06 billion, Bitmine promotes itself as operating the world’s most substantial Ethereum treasury. Its MAVAN staking infrastructure now accommodates both proprietary assets and institutional client deposits.
The company’s projected annual staking income of $330 million derives from applying current 7-day yield calculations to its 5.07 million staked ETH position.
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In the cryptocurrency market, the actions of major players have been making headlines lately, as much as price movements.
Bitcoin climbed back above $82,000 last week, but Friday’s US employment data created significant selling pressure on the market. The data, which came in much higher than expected and showed the unemployment rate remaining stable, strengthened expectations that the Fed might raise interest rates at its September meeting. As a result, US bond yields rose while Bitcoin fell below $80,000.
This situation was also reflected in altcoins, and the resulting volatility reshaped investors’ risk appetite. In this context, transfers made by whale wallets also attracted attention.
According to Lookonchain, a cryptocurrency analysis platform, Chinese crypto whale Garrett Jin holds the largest ZEC short position on the chain. However, he appears to be giving up.
Jin recently closed a short position of 7,000 ZEC ($8.16 million), incurring a loss of $4.12 million. Despite this, he still holds a short position of 32,760 ZEC ($37.83 million), with an outstanding loss of $18.95 million. The liquidation price is stated as $2,857.
Lookonchain also reports that whales are buying Solana. According to them, a whale named “HURDw” purchased a total of 285,503 SOL (worth $28.82 million) on Hyperliquid in the last 3 weeks.
Another whale, who previously spent $4.73 million on PONS, UNI, AAVE, and CASHCAT, purchased 3.48 million of the altcoin “4Stock” today by spending 163,256 USDT.
In addition, a wallet affiliated with the cryptocurrency trading company Cumberland is accumulating PONS. According to the data, in the last 4 days, it withdrew 3.5M PONS ($2.78 million) from Gate at an average price of $0.8.
The trader with the address “0xbebb” turned 4.4K into 780K in just 2 hours. This represents a 177x return.
According to the data, a trader who spent 4.4K USDC to buy 18.6M of the altcoin “4Stock” is now the largest investor in “4Stock,” with a value of 780K.
Lastly, Abraxas Capital bought 13,000 spot ETH ($32.39 million) to hedge its short position in Hyperliquid worth 141,180 Ethereum ($353.27 million).
*This is not investment advice.
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BitMine Immersion Technologies has made another large Ethereum buy, acquiring a total of 28,086 ETH in the past week. Meanwhile, Chairman Tom Lee remains bullish on the future of ETH price after the recent rally.
BitMine Expands Ethereum Treasury With $70 Million Buy The latest acquisition would be valued at around $70 million at the average price of ETH around $2,495. The acquisition is expected to add 5,929,198 ETH to the company’s current holdings, bringing its total ETH stake to 5% of the network’s supply, as it continues to work towards reaching this target.
The company claimed that its Ethereum treasury now accounts for 4.9% of the estimated total ETH supply of 122 million as of Sept. 7. In addition to its crypto holdings, cash, and marketable securities, BitMine’s total assets are approximately $15.7 billion, which also includes strategic investments.
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BitMine provided its latest holdings update for September 8, 2026
$15.7 billion in total crypto + "moonshots":
– 5,929,198 ETH at $2,495 per ETH per ETH per ETH (per @coinbase)
– 211 Bitcoin (BTC)
– $180 million stake in Beast Industries @MrBeast
– $91 million stake in…
— Bitmine (NYSE-BMNR) $ETH $BMNP (@BitMNR) September 8, 2026
Whilst, Lee said that the company has been buying for a long time since it announced the Ethereum treasury plan in June 2025. He noted, “Over the past week, we acquired 28,086 ETH.”
Lee further noted that BitMine has been buying Ethereum since the strategy was initiated, once a week. He said the firm’s build-up is unmatched in terms of its record among publicly listed companies.
The company also revealed that over 5.06 million ETH is currently staked on its Made in America VAlidator Network (MAVAN). Those staked holdings are worth approximately $12.6 billion based on current prices. When it comes to staking revenue, BitMine estimates that it will generate approximately $330 million in annualized revenue based on the current yield.
Tom Lee On The Future of Ethereum, Crypto Market Lee highlighted the strong results in digital assets this quarter. He said Ethereum has been the top-performing macro asset in Q3 2026, beating the S&P 500 by 5,430 basis points. He also pointed out that Bitcoin and Solana are two of the top-performing assets over the past quarter.
Lee further added, “We believe there are multiple positive catalysts as we head into the final months of 2026.”
In addition, Lee underscored upcoming voting on the CLARITY Act in mid-September, rising investor enthusiasm for cryptocurrencies in South Korea and ongoing interest in blockchain tokenization and agentic AI as factors that could fuel the market.
Additionally, BitMine stated that its common stock is up 99% this quarter, the fourth-best performing stock in the Russell 1000, and noted that its common stock has a 14.98% yield. In June, the company joined the Russell 1000 large-cap index, and the crypto segment holds four of the index’s top 21 performers this quarter, the company said.
In brief Bitmine bought 28,086 ETH last week, worth about $70 million at its reported reference price. Its crypto, cash, securities, and other investments total $15.7 billion, the company says. Bitmine has staked about 85% of its ETH and projects $330 million in annual staking revenue. Bitmine Immersion Technologies bought another 28,086 Ethereum tokens last week, bringing its holdings to 5.93 million ETH as it approaches its goal of owning 5% of the cryptocurrency’s supply.
The purchase was worth approximately $70 million at the company’s reference price of $2,495 per token. Bitmine did not disclose its acquisition cost.
Myriad: Ethereum's next price move? Click to make your prediction.“Bitmine's track record of consistent buying of crypto is unmatched by any public company in the world,” Bitmine Chairman Tom Lee said in a statement. “Bitmine has bought ETH each and every week since the inception of the ETH Treasury Strategy on June 30, 2025." (Disclosure: Tom Lee is an investor in Dastan, Decrypt’s parent company.)
The acquisition was smaller than the 53,501 ETH purchase announced the previous week. Bitmine has bought Ethereum weekly since launching its treasury strategy in June 2025, according to the company.
According to Lee, Ethereum was the best-performing major asset in the third quarter through last Friday, with gains exceeding those of the S&P 500 stock index by 54.3 percentage points.
“In fact, the top 3 performing assets since June 30th are ETH, BTC and SOL," he said. "We believe this sets the stage for institutions to add to their crypto holdings given the substantial outperformance of crypto versus other macro assets in calendar Q3 so far."
As of September 7, Bitmine valued its Ethereum at approximately $14.8 billion and its combined holdings at $15.7 billion. The total includes 211 bitcoin, $593 million in cash and marketable securities, a $180 million stake in Beast Industries, and a $91 million stake in Eightco Holdings.
Bitmine says its ETH represents approximately 4.9% of Ethereum’s supply. Its latest release puts the company 97% of the way toward its 5% target, compared with 98% in the previous announcement, despite the additional purchases.
While the company continues to accumulate ETH, it has staked roughly 5.1 million tokens, about 85% of its holdings. According to Lee, annualized staking revenues are now projected at $330 million.
As Bitmine approaches its goal of owning 5% of Ethereum’s supply, it remains unclear whether purchases will continue beyond that target. Lee said in May that the company would slow its buying to avoid reaching the goal too early.
Bitmine’s weekly buying continues as other companies holding digital asset treasuries adjust their holdings and investment strategies going forward in 2026.
Michael Saylor’s Strategy, the largest corporate Bitcoin holder, bought no Bitcoin in the week through September 7, following a $370 million purchase the previous week, and spent $176.3 million repurchasing preferred stock. Strive, a Nasdaq-listed asset manager and Bitcoin treasury company, announced a $143 million Bitcoin purchase on August 31. SharpLink, an Ethereum treasury company, plans to stake $200 million in ETH through Lido to earn rewards.
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In brief Bitmine bought 28,086 ETH last week, worth about $70 million at its reported reference price. Its crypto, cash, securities, and other investments total $15.7 billion, the company says. Bitmine has staked about 85% of its ETH and projects $330 million in annual staking revenue. Bitmine Immersion Technologies bought another 28,086 Ethereum tokens last week, bringing its holdings to 5.93 million ETH as it approaches its goal of owning 5% of the cryptocurrency’s supply.
The purchase was worth approximately $70 million at the company’s reference price of $2,495 per token. Bitmine did not disclose its acquisition cost.
Myriad: Ethereum's next price move? Click to make your prediction.“Bitmine's track record of consistent buying of crypto is unmatched by any public company in the world,” Bitmine Chairman Tom Lee said in a statement. “Bitmine has bought ETH each and every week since the inception of the ETH Treasury Strategy on June 30, 2025." (Disclosure: Tom Lee is an investor in Dastan, Decrypt’s parent company.)
The acquisition was smaller than the 53,501 ETH purchase announced the previous week. Bitmine has bought Ethereum weekly since launching its treasury strategy in June 2025, according to the company.
According to Lee, Ethereum was the best-performing major asset in the third quarter through last Friday, with gains exceeding those of the S&P 500 stock index by 54.3 percentage points.
“In fact, the top 3 performing assets since June 30th are ETH, BTC and SOL," he said. "We believe this sets the stage for institutions to add to their crypto holdings given the substantial outperformance of crypto versus other macro assets in calendar Q3 so far."
As of September 7, Bitmine valued its Ethereum at approximately $14.8 billion and its combined holdings at $15.7 billion. The total includes 211 bitcoin, $593 million in cash and marketable securities, a $180 million stake in Beast Industries, and a $91 million stake in Eightco Holdings.
Bitmine says its ETH represents approximately 4.9% of Ethereum’s supply. Its latest release puts the company 97% of the way toward its 5% target, compared with 98% in the previous announcement, despite the additional purchases.
While the company continues to accumulate ETH, it has staked roughly 5.1 million tokens, about 85% of its holdings. According to Lee, annualized staking revenues are now projected at $330 million.
As Bitmine approaches its goal of owning 5% of Ethereum’s supply, it remains unclear whether purchases will continue beyond that target. Lee said in May that the company would slow its buying to avoid reaching the goal too early.
Bitmine’s weekly buying continues as other companies holding digital asset treasuries adjust their holdings and investment strategies going forward in 2026.
Michael Saylor’s Strategy, the largest corporate Bitcoin holder, bought no Bitcoin in the week through September 7, following a $370 million purchase the previous week, and spent $176.3 million repurchasing preferred stock. Strive, a Nasdaq-listed asset manager and Bitcoin treasury company, announced a $143 million Bitcoin purchase on August 31. SharpLink, an Ethereum treasury company, plans to stake $200 million in ETH through Lido to earn rewards.
Daily Debrief NewsletterStart every day with the top news stories right now, plus original features, a podcast, videos and more.
Pi Network Price traded near $0.0958 on Tuesday, gaining about 1.3% as traders monitored catalysts.
The token stayed below $0.10, although its recovery from September’s early weakness improved short-term sentiment.
Bitcoin price hovered below $79,000, while Ethereum traded around $2,500 as the wider cryptocurrency market pulled back.
XRP price remained close to $1.40, reflecting positioning before inflation reports and next week’s policy events.
PI’s hold above $0.095 represents one bullish sign because that level can become a base for another breakout attempt.
Protocol 27 Upgrade Targets September 15 Protocol 27 entered Testnet 1 on August 21 after Protocol 26 completed its Mainnet rollout.
The Protocol 27 of Pi Network, which is due to be launched on September 15, is supposed to offer smart contract verification, DEX and AMM architecture, liquidity instruments, enhanced applications, and utility to payments. Pioneers are advised to maintain Nodes because the ecosystem is ready to be expanded.
The upgrade introduces flexible smart-contract authentication and improved RPC infrastructure, making blockchain access easier for external developers.
📅 September 15, 2026 — Protocol 27 is on the horizon for Pi Network.
This upgrade is expected to bring important improvements to the ecosystem’s technical infrastructure. ⚙️
— Crypto Compass (@Crypto_C0mpass) September 8, 2026
It also prepares automated market-maker pools and decentralized exchange functions for production use across Pi’s ecosystem.
The utility of PI including token swaps, liquidity provision, applications, and new launches can be enhanced with a successful launch.
PI remains vulnerable to token unlocks, meaning positive delivery must attract enough activity to absorb additional circulating supply.
Developer Progress Meets CLARITY Act And FOMC Risks Pi’s September 4 developer release added local storage for whitelisted Browser apps and an app-specific staking data API.
Developers also received Pi.shareFile, which supports native file and video sharing without separate sharing systems.
A consolidated documentation hub now covers registration, sandbox development, authentication, payments, Mainnet preparation, and application launches.
Washington will provide another catalyst through the Senate’s scheduled September 15 CLARITY Act cloture vote.
The procedural vote requires 60 senators and could open debate over clearer SEC and CFTC responsibilities.
Approval may support crypto confidence, while rejection could renew concerns about regulatory delays during an election year.
September 15 also begins the Federal Reserve’s two-day FOMC meeting, with its policy decision due September 16.
Any surprise on rates or future guidance could quickly influence Bitcoin, altcoins, liquidity conditions, and PI.
Pi Network Price Prediction: Key Levels To Watch Ahead Of September 15 Pi Network price has to fight to keep below the resistance of 0.098 to 0.10 and then it has to fight to keep below the resistance of 0.095.
Any day close above $0.10 may reveal $0.106 then $0.11 in a more robust momentum growth.
Should Protocol 27 capture new demand traders can then take the help of $0.12 as a long-term Pi coin projection for September.
Source: TradingView The current RSI of 64 is above the neutral mark without showing any overheating of the market.
At the same time, MACD of 12 days and 26 days are close to zero, indicating that the momentum is not accelerating completely.
On the other hand, a loss of $0.095 would shift the focus back to $0.09, with supports of 0.085 and 0.08.
Bitmine Immersion Technologies, the largest corporate holder of Ether, has announced a fresh acquisition of the cryptocurrency as it advances toward its management goal of holding 5% of Ethereum’s total supply.
Major Ether Purchase Boosts HoldingsThe company stated on Tuesday that it purchased 28,086 Ether (ETH) last week, a transaction valued at approximately $69.5 million based on prevailing market rates. This brings Bitmine’s total Ethereum holdings to 5.93 million ETH, acquired at an average price of $2,495 per coin.
Following this acquisition, Bitmine now owns nearly 5% of the circulating Ether supply, edging closer to the company’s stated objective to accumulate 5% of the entire Ether market within 15 months. The company also completed a separate 53,501 ETH purchase last week, which previously brought its share of Ethereum’s circulating supply to 4.9% out of the 120.7 million total.
Company Asset Breakdown and Staking RevenueBitmine’s total assets stand at $15.7 billion, which includes $593 million in liquid assets such as marketable securities, cash, additional crypto holdings, and 5.1 million staked Ether. The company reports that its staked holdings are expected to generate $330 million in annualized staking revenue.
Approximately 97% of Bitmine’s target to acquire 5% of the Ether supply has now been achieved, the firm revealed. Chairman Tom Lee oversees the company’s aggressive accumulation strategy, which has rapidly elevated Bitmine to the top of major Ether holders.
Mini dictionary: Bitmine Immersion Technologies is a US-based blockchain infrastructure company primarily focused on large-scale cryptocurrency holdings and digital asset management, known for its significant acquisitions of Ethereum.
MetricValueTotal Ether held5.93 million ETHAverage purchase price$2,495 per ETHShare of total Ether supplyApproximately 5%Current value of latest purchase$69.5 millionStaked Ether holdings5.1 million ETHMarket Context and Stock ReactionDespite these major acquisitions, Bitmine currently faces $5.1 billion in unrealized losses on its Ethereum position, according to Dropstab data. This reflects the decline in Ether’s market value, which has fallen 16% since the start of 2026. At 1:29 pm UTC on Tuesday, ETH was trading at $2,469, according to CoinMarketCap.
Bitmine’s stock, listed on the New York Stock Exchange under the ticker BMNR, was down more than 2% at Tuesday’s market open. This latest movement extends the stock’s double-digit decline year-to-date, based on data from Yahoo Finance.
While nearing its accumulation target, Bitmine’s holdings account for a substantial share of Ethereum’s total circulating supply, yet mounting unrealized losses reflect challenging market conditions for major institutional holders.
Bitmine Immersion Technologies (NYSE:BMNR) bought 28,086 Ethereum (CRYPTO: ETH) for roughly $69.5 million last week as Chairman Tom Lee flags a sharp upside move ahead.
What the Latest Purchase ShowsAccording to a Tuesday press release, Bitmine now holds 5.93 million ETH worth approximately $14.8 billion at current prices, representing 4.9% of Ethereum’s total supply of 122 million tokens.
The company has bought ETH every single week since launching its treasury strategy on June 30, 2025, a streak no other public company has matched.
Total crypto plus cash holdings now stand at $15.7 billion, with 5.07 million ETH staked through its MAVAN platform generating projected annualized staking revenue of $330 million at a 7-day yield of 2.61%.
What Tom DeMark Says About ETH’s Next MoveTom DeMark, founder of DeMark Analytics and capital markets advisor to Bitmine, said in the release that ETH spent August moving sideways without a downside break, which expired a 12-day bearish metric and implies a renewal of the prior uptrend.
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He called last week’s sharp one-day rally a likely preview of the pending advance and expects ETH to make a sharp upward move in the coming weeks.
Why Lee Thinks Institutions Are About to MoveLee noted in the release that four of the top 21 best-performing stocks in the Russell 1000 quarter to date are crypto-related equities, with ETH outperforming the S&P 500 by 5,430 basis points in Q3.
BMNR itself ranks fourth in the Russell 1000 with a 99% gain quarter to date against the benchmark’s 3%.
Lee argued that fund managers benchmarked to the Russell 1000 now need to evaluate whether they have enough crypto exposure given the group’s outsized contribution to index gains this quarter.
He pointed to several catalysts ahead including the Clarity Act vote scheduled for mid-September, Korean investors rotating back into crypto from AI stocks, and the four-year cycle bottoming in the next few weeks.
BMNR Price Analysis: Key Levels to WatchBMNR holds at $24.80 Monday, consolidating just above the $23 to $24 breakout zone that capped price in April and May.
The 20-day and 50-day EMAs both track steadily below as rising support with the 200-day EMA at $22.31 now reclaimed.
Key levels for BMNR: $26.88 — recent high, break above opens fresh multi-month highs $23 to $24 — breakout retest zone, must hold Image: Shutterstock
The plan would snapshot ONE at the final block and redirect emissions to an AI video business, but Harmony urged users to exit smart contracts before Sept. 10 because onchain apps and liquidity pools will not migrate.
Harmony has proposed fully sunsetting its blockchain after seven years and migrating its native ONE token to Ethereum, with holders receiving new ONE through a final-block snapshot and airdrop. Token emissions would be redirected to a new business the team calls the “Remix Economy for AI Video.”
Under the proposal, the snapshot would cover ONE held in user wallets, staking delegations, validator rewards, smart contracts and centralized exchanges. New tokens would be airdropped to the same wallet addresses on Ethereum without a separate claim process, while delegated stakes and unclaimed rewards would go to individual governor vaults.
The transition creates a Sept. 10 deadline — Thursday — for users with ONE deployed onchain. Harmony said multisig safes, liquidity pools and apps cannot be migrated, and urged users to exit all smart contracts before that date. Validators may begin shutting down nodes on Sept. 10.
Harmony attributed the proposal to security risks, saying “the threats posed by state actors and AI agents are too great.” The notice describes the proposal as non-binding and says all plans are subject to change.
What Harmony Is Pivoting ToHarmony said newly issued tokens would fund a video platform in which creators publish open prompts and assets that others can fork, with AI agents generating additional clips from each remix. “Tokens issued through emissions will now be allocated to our new mission,” the team said, adding that it would take “governor feedback.”
The team said it would “bootstrap this economy with creators and operators who make AI videos,” and that “advertising could generate tens of millions of dollars from a million users.” Harmony did not publish user numbers or a launch date for the platform.
Harmony said ONE’s total supply and emission rate would remain unchanged after the move. The project also said it would publish the ERC-20 contract, governor-vault contract, snapshot calculations and airdrop scripts for public audit.
Exchange Gap Narrowed to 6.58B ONEThe proposal lands while Harmony is still reconciling the August incident that prompted it. In a separate update, Harmony said the exchange-related ONE gap tied to the Aug. 11 incident had been adjusted to 6.581 billion from about 10.234 billion.
Harmony said the revision followed reconciliation with Binance, Binance.US, Gate, KuCoin, MEXC and OKX, and came from matching 295 cross-exchange transfers totaling roughly 3.493 billion ONE and accounting for circular transfers. The team said the reduction “does not equate to newly recovered funds,” and that Binance data remained provisional while some Gate and OKX figures awaited verification.
Harmony said exchanges had frozen ONE balances and proceeds linked to the attacker, and that “the current priority is to coordinate the resumption of ONE deposits, withdrawals, and trading as soon as possible.” Each exchange would announce its own timing.
The incident prompted Harmony to patch two verification paths after reports of unauthorized ONE issuance. As The Defiant reported, Harmony asked exchanges to block four wallets, paused its bridge and evaluated rollback options. Harmony did not confirm onchain account Juiceberg’s claim that four billion unauthorized ONE had been created.
Current Network FootprintHarmony’s staking dashboard showed about 3.04 billion ONE staked across the network, with an effective median stake of 6.83 million ONE. The chain had $146,337 in decentralized finance total value locked and $4,611 in 24-hour DEX volume, according to DefiLlama, which lists the chain as deprecated. Chain fees over the same period were $2.35.
ONE traded at about $0.00071, down 1.3% over 24 hours and 2.3% over the week, for a market capitalization near $10.6 million, according to CoinGecko. The token reached $0.379 in October 2021.
Validator TermsFor validators, Harmony set aside a $1.372 million transition pool, which it said equals the network-wide rewards issued during the year before the Aug. 11 incident. Harmony said validators who shut down on time, sign an agreement, retain their stakes and serve as governors in its new initiative would receive compensation in four quarterly installments.
FOCIL and Frame Transactions are the two must-ship proposals. A tapered issuance burn and a mandatory burn of execution rewards were declined because the cluster said issuance and reward policy belong in a broader ecosystem process.
The Ethereum Foundation’s Protocol cluster has set a December 2029 target for making Ethereum’s Layer 1 quantum-resistant across execution, consensus and data, using that deadline to narrow the scope of Hegotá, the upgrade being planned after Glamsterdam.
In a companion assessment, the cluster graded all 62 Ethereum Improvement Proposals submitted for Hegotá. Only two received the “must ship” designation: EIP-7805, known as FOCIL, and EIP-8141, which introduces Frame Transactions. The controversial EIP to reduce the validator rewards was declined.
The cluster defines S-tier as “must ship” and A-tier as “high priority, expected to ship.” B-tier proposals sit “on the bubble” and are considered individually only after devnets containing all S- and A-tier proposals are functional and stable and time remains before work moves to I*.
The ranking is not a final network-wide scope decision. The Foundation described it as “one input to Hegotá scoping,” albeit the first unified tier list from the Protocol cluster. Roughly 60 researchers and engineers across its nine teams contributed 397 grades before contested proposals were discussed.
The quantum target is fixed rather than tied to an estimated arrival date for a cryptographically capable quantum computer. The cluster said it is planning for “Q-day” as early as 2030, while acknowledging that most estimates put it later and that it may never arrive. It will treat the deadline as non-negotiable at least until a reassessment with outside experts in January 2027.
Meeting the target would require Ethereum to develop several forks in parallel. The Foundation said reaching full post-quantum readiness five forks after Glamsterdam would require an average cadence of 7.2 months per fork. A fallback milestone two forks after Hegotá could be reached on a 12-month cadence, but would keep Ethereum running through Q-day with reduced guarantees rather than provide the full design.
Hegotá Centers on FOCIL and FramesFOCIL would let multiple validators require eligible transactions to appear in a block, reducing users’ dependence on centralized block builders for inclusion. Frame Transactions would make account validation, execution and gas payment programmable at the protocol level, providing a route to new signature schemes without a separate hard fork for each scheme.
The Foundation identifies FOCIL and Frame Transactions as Hegotá’s consensus- and execution-layer headliners. It said they must ship together safely because their interaction creates the fork’s main engineering and testing burden.
FOCIL’s S-tier package includes the A-tier EIP-8369, which defines transaction eligibility and validator checks. Frames is paired with two A-tier proposals: keyed nonces, which let users share a sender without blocking one another’s transactions, and recent roots, which help private transactions receive FOCIL’s inclusion guarantees.
For validators, another A-tier item, EIP-8365, would begin retiring withdrawal credentials tied to cryptography that is vulnerable to quantum attacks. Optional execution proofs and bundled attestation propagation are also expected to ship, but remain below the two locked-in headliners.
Quick Slots Got B-Grade PriorityThe list makes other changes conditional. Quick Slots, which would shorten Ethereum’s slot time, received a B grade. It can still be considered individually under the B-tier rule after stable S- and A-tier devnets if time remains. To be considered for A-tier, however, it would need a complete specification, a prototype, an assessment of downstream effects and confirmation that it will not complicate the planned consensus redesign.
Independent consensus- and execution-layer syncing also received a B grade pending a comparison with simpler alternatives and a delivery owner. Hash-Chain RANDAO, a proposed consensus-hardening change, was kept at B because the cluster wants to avoid redesigning one cryptographic component before the complete post-quantum consensus design exists. Two gas-limit proposals were left unranked until Glamsterdam mainnet data shows the effects of its repricing changes.
Tapered Issuance Burn Was DeclinedSeveral validator-facing proposals were declined for Hegotá, including custom sweep thresholds, withdrawal-credential preregistration and a beacon-block reporting field. A tapered issuance burn and a mandatory burn of execution rewards were also declined because the cluster said issuance and reward policy belong in a broader ecosystem process. For the tapered issuance burn specifically, the cluster said its decision was not a judgment on the proposal’s merits.
For application and wallet developers, the ranking favors Frames over competing account-abstraction mechanisms. EIP-7851 and EIP-7819 were declined, as was a proposal to enshrine one specific mechanism for private ETH and token transfers; the cluster said the Frames-based route could pursue the same privacy goal with less protocol surface.
Quantum Work May Push Execution Proofs BackThe deadline could also reorder later forks. Under the current draft roadmap, mandatory execution proofs are planned for K*, while post-quantum attestations arrive in L*. The Foundation is considering swapping those milestones, bringing attestations forward to K* and moving mandatory execution proofs back to L*.
That tradeoff would accelerate the largest remaining piece of post-quantum consensus work while delaying the point at which validators stop re-executing every block and instead verify succinct proofs. The ordering will be finalized only after the research matures and client capacity is better understood.
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