Beating AI Express Flash: OpenAI has uniformly reset usage quotas for all paid subscribers. Core product lead Tibo Sottiaux stated the move aims to allow users who have exhausted their quotas to continue running GPT-6 Astra. Since Astra’s launch, the community has been complaining about overly fast quota consumption. Some Plus users claimed Astra uses up their entire weekly quota in roughly half an hour, while others reported hitting a 5-hour limit on a single task. Sottiaux had just the prior day reduced quota consumption for heavy-use scenarios to approximately 1/3 to 1/4 of its original level, and has now rolled out a global quota reset.
Worldcoin [WLD] rallied by more than 13% in the past 24 hours, doubling its weekly profits to over 26%. The altcoin has been, on average, bullish over the past 30 days, with gains exceeding 50% as of press time.
The altcoin is surging amid renewed interest in AI despite a massive token unlock. Here are the bullish signals that outweighed the unlock’s selling pressure:
Why is Worldcoin rallying? Renewed interest in AI was evident not only in Worldcoin but also in Near Protocol [NEAR], Bittensor [TAO], Injective [INJ], and Internet Computer [ICP]. They all recorded double-digit gains from a similar time scale.
The buying activity was evident in the reading of the Spot Taker CVD of the past three months. This metric had flipped green in the last two days of August, indicating buyer dominance.
Source: CryptoQuant Additionally, the Long/Short Ratios on Binance and OKX were all above 1.70. The Top Trader Long/Short ratios for accounts and positions are 1.93 and 2.11, indicating large players were invested.
As a result, this buying volume forced a spike in liquidation of leveraged shorts, wiping out more than $1.20 million in 12 hours. Such activity accelerated the rally. On the other hand, only $490K in long orders was liquidated.
Source: CoinGlass WLD price breaks out—Is a market structure shift unfolding? Apart from leveraged buying and short liquidations pushing WLD higher, its technical outlook was also aligned.
The altcoin broke above the $0.41-$0.45 zone, which is the most recent lower high. It was also the neckline of an inverted head-and-shoulders pattern. The breakout hinted at a potentially shifting market structure.
Therefore, WLD’s bullish target areas would be $0.55 and above the true close at $0.67. But that would only happen if bulls could keep the altcoin above the supply zone, which closes at $0.45.
Source: WLD/USDT on TradingView However, the RSI divergence was still having a bear signal even though its reading at 67 was above the neutral level. The reading indicated the selling pressure was yet to be exhausted.
Why could this rally be a dead cat bounce? The selling pressure still exists after the scheduled unlock of 69 million WLD tokens on the 7th of September, valued at $28 million. This amount is only a fraction of 87 million tokens set for September.
This selling pressure puts the rally at risk.
Source: Tokenomist On top of that, the market structure was yet to be confirmed, as the price was ranging around $0.45.
Final Summary Worldcoin surges by more than 13% amid AI coins’ awakening, buying activity, and short liquidations. WLD’s bulls attempt to break past $0.45, which would confirm a bullish market structure shift on the daily chart.
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.
Veteran investor Cathie Wood described Bitcoin (CRYPTO: BTC) as both a risk-off and risk-on asset on Friday, while remaining bullish on its long-term prospects.
Bitcoin-Gold Ratio to Increase?During Ark Invest’s “In The Know” episode, Wood shared her perspective on Bitcoin’s promising trajectory.
She drew attention to a low correlation between Bitcoin and gold, suggesting a potential “breakthrough” for the cryptocurrency relative to the precious metal.
“The correlation between Bitcoin and gold is very low by historical standards, and so to see Bitcoin starting to break out relative to gold is very reassuring from our point of view,” Wood said.
Wood has frequently posited that gold prices tend to rally ahead of Bitcoin’s bull markets, citing the 2020–21 and 2024–25 cycles as examples.
Wood, a known Bitcoin bull, emphasized the cryptocurrency’s role as a “technological revolution”, a new global monetary system and a first-of-its-kind asset class.
“We think it has miles to go because of those three revolutions,” she added
That said, Wood believed the “technology revolution” bit would put many companies “in harm’s way,” generating counterparty risk.
“This idea of where the counterparty risk in the economy: that might accrue to the benefit of both Bitcoin and gold,” the Ark Invest founder said. “We think Bitcoin is both a risk-off and a risk-on asset.”
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Wood’s Bullish ThesisWood has positioned Bitcoin as a “wealth insurance policy” that AI-driven growth investments cannot provide. She maintains her $730,000 base case Bitcoin target for 2030.
Trending
She’s also described Bitcoin as a "critical public financial infrastructure" and demanded that those securing it have access to the "most powerful AI models" available.
Notably, Bitcoin has outperformed gold over the past month, though its year-to-date losses have been steeper.
Cryptocurrency30-Day Gains +/-YTD Gains +/-Bitcoin+21.69%-9.95%Spot Gold
+1.82%-1.95%Read Next
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Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
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.
Bit2Me, the largest cryptocurrency exchange in Spain, is carving out a niche that most exchanges would rather avoid: working directly with cops. The platform has been acting as a direct liquidator of confiscated digital assets for law enforcement agencies including Interpol, Europol, and Spanish national police, converting seized crypto into fiat currency using blockchain analytics tools from Chainalysis.
So far in 2025, the exchange has processed approximately 1.5 million euros (roughly $1.76 million) in confiscated cryptocurrency on behalf of those agencies.
From retail exchange to government contractor Bit2Me’s law enforcement work is part of a broader strategic shift that’s transforming the company from a retail-focused trading platform into a B2B infrastructure provider serving banks, institutions, and government entities.
The numbers tell the story. B2B revenue now accounts for 27% of Bit2Me’s total revenue in 2025. Trading volume hit 5.3 billion euros ($6.24 billion) this year, an eightfold increase from 2023 figures.
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The exchange supports over 300 digital assets and offers institutional-grade custody services backed by 150 million euros in insurance coverage from Lloyd’s. Its investor roster includes Tether, Spanish bank Bankinter, and telecom giant Telefónica.
Bit2Me reportedly invested roughly 2.5 million euros and approximately 3,000 hours of work to secure its Markets in Crypto Assets (MiCA) license from Spain’s securities regulator, the CNMV. That made it the first platform in the country to receive a Crypto-Asset Service Provider (CASP) authorization under the new European framework, which covers custody, exchange, and transfer services.
The Chainalysis connection Bit2Me’s ability to trace and liquidate seized assets rests heavily on its partnership with Chainalysis, the blockchain analytics firm. The two companies have worked together since the early 2020s, with Chainalysis providing the transaction monitoring and tracing capabilities that make compliance and law enforcement cooperation technically feasible.
The model has a clear parallel in the US, where the Marshals Service partnered with Coinbase to handle the custody and potential liquidation of seized digital assets.
MiCA as competitive moat MiCA, which began rolling out across the European Union in 2024, creates a harmonized regulatory framework for crypto-asset service providers across all 27 member states. An exchange licensed in one country can passport its services across the bloc. Bit2Me has already signaled plans to expand into Portugal.
What this means for the broader market Bit2Me’s pivot highlights a trend reshaping crypto infrastructure throughout 2025: the professionalization of exchange services beyond simple buy-and-sell functionality.
The 27% B2B revenue share suggests that Bit2Me is successfully diversifying away from volatile retail trading fees. The involvement of backers like Bankinter and Telefónica signals that legacy institutions are making calculated bets on regulated crypto infrastructure connecting digital assets to existing financial and legal systems.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Spain’s largest cryptocurrency exchange Bit2Me has launched a separate company to help courts, police and financial institutions trace, seize, store and liquidate cryptocurrency linked to investigations.
Summary
Bit2Me has launched Bit2Shield to help courts, police and financial institutions trace, seize, store and sell cryptocurrency. Bit2Me processed €1.5 million in seized crypto for Interpol, Europol and Spanish police during 2025. Seized assets will be held in multisignature cold wallets, with sales arranged when ordered by the relevant authorities. Crypto to euro conversions will be handled by Bitcoinforme, Bit2Me’s entity authorized under MiCA in Spain. According to a statement from Bit2Me, the new unit, Bit2Shield, has been legally registered as CryptoShield S.L. and will provide forensic and operational services covering digital assets from the point they are identified during an investigation through their eventual sale when ordered by authorities.
The company will assist investigators during searches and seizures by extracting information from wallets, locating cryptocurrency and preparing digitally signed forensic reports that can be submitted in court. Its work will extend to fraud investigations, source-of-funds certification and training for police officers, judges and financial institutions.
Bit2Shield formalizes services that Bit2Me had already been providing to government agencies. During 2025, the exchange processed €1.5 million ($1.74 million) in seized cryptocurrency for authorities including Interpol, Europol and Spanish police, according to the company.
Blockchain analytics provider Chainalysis was used to trace the assets before Bit2Me converted the cryptocurrency into euros for the state.
Bit2Shield will manage crypto from seizure to sale Once digital assets have been located and seized, Bit2Shield will arrange their storage in cold wallets protected by a multi-signature setup, Bit2Me said. The assets can remain under custody until authorities issue instructions for their disposal.
When a court or another competent authority orders a sale, Bit2Shield will coordinate the process, while the actual crypto-to-euro conversion will be carried out through Bitcoinforme S.L., Bit2Me’s entity authorized by Spain’s securities regulator under the European Union’s Markets in Crypto-Assets framework.
Proceeds from the sale will then be transferred in euros to government bank accounts.
Bit2Me said Bit2Shield itself is not a crypto-asset service provider under MiCA because its activities center on investigations, digital forensics and training. Services that fall under the regulated conversion of cryptocurrency into fiat will remain with Bitcoinforme.
The distinction comes after the EU completed the final stage of its MiCA transition period on July 1. As crypto.news previously reported, only 281 of 1,343 crypto service providers operating across the European Economic Area had secured MiCA authorization by the deadline, leaving 1,062 without approval.
An Aug. 5 review of ESMA authorization data found that the regulator’s interim register is updated weekly and covers regulated activities including custody, crypto-to-fiat exchange, trading platforms, transfers, order execution and portfolio management. The data has since been made available through a searchable MiCA tracker for firms and compliance teams.
Bit2Me has expanded its work with banks The new forensic unit follows Bit2Me’s expansion into infrastructure used by traditional financial institutions, alongside its retail cryptocurrency exchange business.
In June, Spanish banking group Cecabank launched a regulated crypto platform for financial institutions after securing authorization for crypto custody, transfers and the reception and transmission of orders.
Bit2Me handles trade execution, liquidity, market access and the exchange layer under that arrangement, while Cecabank provides institutional custody and banking infrastructure. Renta 4 Banco became one of the first financial institutions to use the platform as it developed crypto trading services for clients.
The project grew out of a partnership established in May 2024. The two companies initially announced the MiCA-ready infrastructure in May 2025 while they were waiting for regulatory approval, with Bit2Me assigned responsibility for trading and market access.
Cecabank later began the European passporting process to extend its authorized crypto services into Ireland, Portugal and Luxembourg.
Bit2Me’s shareholders and financial backers include companies from both banking and crypto. Tether acquired a minority interest in the Spanish exchange in 2025 and led a €30 million funding round intended to support its expansion in Europe and Latin America. The Tether investment followed Bit2Me’s receipt of authorization under MiCA, allowing it to operate across EU member states.
Bankinter, Unicaja, Cecabank and Telefónica are among the other companies that have backed Bit2Me.
Crypto seizures require specialized custody Bit2Shield is entering a field where police agencies have increasingly turned to specialized crypto companies to manage digital assets after seizure.
South Korea’s National Police Agency, for example, awarded Upbit operator Dunamu a one-year contract in August to custody seized cryptocurrency after a public tender. Under that arrangement, confiscated assets are stored through Upbit Custody using offline cold wallets, with separate wallets for different types of assets and security based on multi-party computation, distributed key generation and multi-signature technology.
Spanish authorities have faced the same operational issue when cryptocurrency is recovered during criminal investigations. In April, National Police officers seized approximately €400,000 in crypto held in two cold wallets during an investigation into a manga piracy operation in Almería. The cold wallets were concealed inside a wall-mounted thermometer, according to police.
The case involved a Spanish-language manga piracy platform that authorities said had operated for roughly a decade and generated more than €4 million in advertising revenue since 2014. Three people were arrested during the operation.
Blockchain tracing can remain useful after investigators identify or recover digital assets because transactions leave records that can be followed across public networks. Chainalysis said in August that investigators can trace funds even in cases involving physical cryptocurrency theft, while its research documented more than $30 million stolen through successful kidnappings, home invasions and other violent attacks during the first half of 2026.
In a separate investigation disclosed in August, Chainalysis traced 29,120 cryptocurrency addresses and digital identifiers connected to more than 100 child sexual abuse material platforms, forums and distribution networks. The work generated 14,300 investigative leads and identified more than 7,700 suspect accounts across cryptocurrency exchanges and payment platforms.
Bit2Shield’s investigations will be led by Adrián Maroño, a former member of the Spanish Civil Guard’s Central Operational Unit, known as UCO. His responsibilities will cover the forensic and investigative work carried out by the new company for courts, law enforcement agencies and financial institutions.
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.
Ethereum has long had a rather annoying quirk: owning crypto doesn’t always guarantee you can move it. Without ETH to pay for gas, even a well-funded wallet can remain completely paralyzed. EIP-8141 aims to remove this lock with Frame Transactions. Behind this very practical improvement is a larger project that also touches accounts and their security.
In Brief Frame Transactions (EIP-8141) will allow gas fees to be paid without holding ETH, thanks to a payment system by a third party or in stablecoins. This feature has been officially included in the Hegotá upgrade, planned for 2027, after several months of discreet progress signaled by Vitalik Buterin. The main remaining obstacle is adoption by wallets like MetaMask, Coinbase Wallet, or Trust Wallet, without which users won’t benefit. Beyond convenience, Frames also prepare Ethereum for the post-quantum era by facilitating key rotation to more resistant signature systems. Ethereum is done with rich-but-useless wallets Imagine a few hundred dollars in stablecoins in your wallet, but not a single ETH available. You can look at your money, but not move it. Every Ethereum transaction requires gas paid in ether, which creates a kind of digital dry spell.
Frame Transactions address precisely this problem. With EIP-8141, the user sending a transaction would no longer necessarily have to pay their own gas. An app could cover the fee. Another account could also take care of it. It might even become possible to pay with ERC-20 tokens through a sponsor, while Ethereum would still receive its settlement in ETH.
The idea doesn’t come from nowhere. ERC-4337 already allows some sponsored operations since 2023, but with a separate mempool and third-party bundlers. Frames bring this mechanism directly into the protocol and the public mempool. Classic accounts, called EOAs, could also benefit from sponsored gas without necessarily migrating to a smart account.
Vitalik Buterin has also brought the topic back into the spotlight:
A lot of important progress on Frames (EIP-8141) has quietly taken place in recent months. I strongly recommend reading this, as well as the updated EIP.
Frames breaks a transaction into smaller pieces The change becomes more interesting when we look at the mechanics. A classic transaction arrives as a compact block. EIP-8141 proposes instead a sequence of up to 64 “frames”, each fulfilling a specific task.
One frame verifies authorization. Another validates who will pay the gas. The following ones actually execute the requested operation. Signature, payment, and execution no longer travel handcuffed together.
This breakdown also brings “atomic batching.” Take a crypto swap: the user first authorizes a protocol to spend their tokens, then initiates the exchange. Today, if the swap fails, the previous authorization can remain active. Not very elegant, especially when this permission then lingers in the wallet.
Frames allow linking these operations. If the swap fails, the associated authorization is also canceled. The EIP explicitly stipulates that all frames in the same batch succeed together or are canceled together.
This architecture ultimately revives an old ambition of Ethereum: making account abstraction much less exotic. The account becomes more programmable without forcing its owner to understand all the crypto plumbing.
Wallets could become the real headache for EIP-8141 On paper, the matter holds up. In MetaMask or any other wallet, it’s another story. A native protocol function isn’t very useful when the interfaces used daily don’t yet know how to exploit it.
This is precisely what worries Harley Lewis Foote in commenting on Vitalik Buterin’s tweet.
Standardizing Frames makes sense. Adoption by wallets remains the hard part.
BNBGUY asks the practical question: how long will it take before wallets and clients support EIP-8141 in production? For crypto users, this is probably more important than code subtleties.
Another point calls for caution. CoinDesk reports that developers have placed EIP-8141 in “Scheduled for Inclusion” for Hegotá, planned for 2027. Yet Decrypt still presents the text as a draft without a scheduled upgrade.
One thing is not confusing: no one is using Frames today. The specification may still change before its actual arrival on Ethereum.
After the crypto UX problem comes the much bigger quantum one Paying gas without ETH is the immediately visible part. But EIP-8141 deals with a much less daily problem: the cryptographic keys controlling Ethereum accounts.
Current accounts remain tied to their ECDSA keys. Frames want to break this technical marriage by allowing native key rotation. A user could change their authorization system without moving their funds to a new address.
This choice also prepares a possible migration to quantum-resistant signatures. The subject still seems far off, but the authors list it directly among the EIP motivations. Post-quantum signatures can reach several kilobytes, so their aggregation would then become particularly useful.
Matt Garnett, coauthor of EIP-8141, even goes quite far: Frames “should be the last type of transaction we need for accounts“. A bold ambition for a specification still in development.
Frames: five answers before closing the wallet What is the current value of ETH? About 2,472 dollars at the time of writing. How many frames are planned? EIP-8141 allows up to 64 frames per transaction. Is it necessary to hold ETH? A sponsor could now cover the gas. What does a crypto swap gain? Authorization and exchange could succeed or fail together. Does Frames already work? No, the specification is still in development and currently unusable. The major crypto houses definitely do a lot of tinkering behind their facades. Ethereum is simultaneously working on gas, accounts, and post-quantum security. Pi Network is also pushing its developers with three new tools recently unveiled. Local storage, staking API, and file sharing augment their toolkit for easier building.
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Mikaia A.
La révolution blockchain et crypto est en marche ! Et le jour où les impacts se feront ressentir sur l’économie la plus vulnérable de ce Monde, contre toute espérance, je dirai que j’y étais pour quelque chose
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The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.
Xiaomi’s Next-Gen Model MiMo-X Debuts: Pro and Flash Versions Launch Closed Beta Testing
Beating AI News Brief: Xiaomi has unveiled its new-generation MiMo-X series for the first time, with the initial lineup including two models: MiMo-X-Pro-Preview and MiMo-X-Flash-Preview. The public access point is the newly launched Xiaomi MiMo Desktop, available for free on a time-limited, limited-quantity basis to invited users. The company has not yet disclosed parameters, context window length, benchmark scores, or API launch timelines for the two models. The MiMo-X series is targeted at professional work scenarios such as complex reasoning, multi-agent collaboration, large-scale programming projects, Office, web and interaction design, video editing, 3D generation, music creation, and computer control. The MiMo Desktop can directly read materials like documents, spreadsheets, images, and videos, automatically break down tasks, call tools and browsers, and deliver editable outputs including PPTs, web pages, and apps; large tasks can also be split for multi-agent collaboration. Xiaomi teased its first MiMo desktop application and new models at an earnings conference three weeks ago, and both have now entered preview testing together.
10 minutes ago
4Stock’s narrative-aligned token STRATTON extends its rally, with market capitalization rising to $9.5 million.
According to GMGN data, the token of the Stratton Market project, STRATTON, has extended its rally, pushing its market capitalization to $9.5 million. The token has surged over 70% in the past 24 hours, with a 24-hour trading volume of $2.1 million. Notably, STRATTON was launched on September 3, and its core narrative is identical to that of the currently trending 4Stock. Stratton Market (STRATTON) is deployed on Robinhood Chain, merging "US penny stocks" and "meme launches" into a single strategy. Its key concept is to first convert micro-cap stocks listed on the New York Stock Exchange and Nasdaq into on-chain tokens (dubbed TICKERx in the project, examples include TOONx, DSSx, AIXIx) at a rate of one token per share, then use these stock tokens as quote assets to power launchpads for new meme tokens. BlockBeats reminds users that token prices are highly volatile, so investment requires caution.
10 minutes ago
Trader "Maji" is set to cut losses and liquidate his Bitcoin (BTC) long positions, with the position expected to incur a loss of $1.3 million.
According to Tradingbeats data, crypto figure "Big Brother Ma Ji" (Huang Licheng) is set to liquidate his 40x leveraged long Bitcoin (BTC) position, which now holds only 23 BTC. Notably, the unrealized floating profit from Ma Ji’s BTC long once reached as high as $1.6985 million on September 4, when he held around 553 BTC with an average entry price of roughly $79,196.5, while BTC’s hourly peak hit approximately $82,268. His current BTC long position has incurred a total loss of ~$1.0371 million, including cumulative trading fees of ~$167,800 and funding fees of ~$79,900. If he liquidates the entire position now, the total loss for this round is projected to be around $1.308 million. Notably, while cutting losses on his BTC long position, Ma Ji has been steadily adding to his HYPE long position. His HYPE long position has risen to 212,000 tokens, with a net addition of ~96,500 tokens in the past 24 hours, equivalent to a new nominal value of ~$8.1 million at current prices. The address currently holds a HYPE long position worth ~$17.77 million, using 10x leverage, with an average entry price of ~$87.37 and an unrealized floating loss of ~$749,800. His recent HYPE additions were mainly concentrated in the price ranges of $86.5 and $83.4 to $83.9.
10 minutes ago
A crypto whale spent $194,000 buying 4,013,000 units of 4Stock in the past hour, becoming the fourth-largest on-chain holder of the token.
According to monitoring by ai_9684xtpa, a whale heavily invested in Robinhood-themed meme coins and DeFi blue-chips with a portfolio size of roughly $4.5 million spent $194,000 to purchase 4.013 million 4Stock tokens over the past hour at an average cost of approximately $0.04833, making it the fourth-largest asset held on that wallet address’s chain. The whale had previously allocated to PONS, CASHCAT, UNI, AAVE, and FORM, marking this as its sixth investment pick. Notably, the address just opened a new position in FORM yesterday, and FORM saw a 22% surge at one point today.
10 minutes ago
China's AI computing power landscape redrawn: Over half of new data center projects flock to northern and northwestern regions
Beating AI News Brief: China’s new AI computing power is clearly concentrating in northern and northwestern regions. BloombergNEF’s latest statistics show that over half of China’s under-construction and planned data center projects are located in northern and northwestern areas, including Inner Mongolia. According to its forecasts, by 2028, these regions will surpass traditional data center hubs like Beijing and Shanghai to become the country’s largest computing power supply zone. By 2030, northern and northwestern regions are projected to account for roughly one-third of China’s operational data centers’ IT capacity. These areas attract data centers mainly due to cheaper land and electricity costs, plus favorable climates for heat dissipation. AI firms including DeepSeek and Zhipu are also building large-scale data centers here. However, not all computing power will move westward. Latency-insensitive tasks such as model training and cloud storage are better suited for the west, while latency-sensitive use cases like autonomous driving still need to be close to eastern users.
10 minutes ago
China plans to quadruple its AI computing power by 2030.
Beating AI Insight News Brief: China’s Ministry of Industry and Information Technology (MIIT) has released the "15th Five-Year Plan for the Development of the Information and Communication Industry," setting a national intelligent computing power target of 9,800 EFLOPS by 2030. Latest data from the National Data Administration shows that as of the end of July, China’s total intelligent computing scale reached approximately 2,450 EFLOPS (FP16). Calculated on this basis, the scale needs to expand roughly fourfold over the next four years. The plan also proposes the orderly deployment of 10,000-card, 100,000-card and larger intelligent computing clusters, construction of inference computing power for different scenarios, and increased adaptation of domestic computing chips. To date, China has built 52 intelligent computing facilities with over 10,000 cards. The MIIT disclosed that as of the end of June, the intelligent computing power scale stood at 2,185 EFLOPS, a year-on-year rise of 177%. The plan’s table uses 1,590 EFLOPS in 2025 as the baseline, targeting 9,800 EFLOPS by 2030, equivalent to an approximately 6.2-fold expansion. Meanwhile, the cumulative investment target for information infrastructure across the entire information and communication industry is 3.8 trillion yuan, which covers communication networks and other infrastructure—not all of it is allocated to AI computing power.
Samsung Electronics and SK Hynix climbed alongside a broader South Korean rally Tuesday, even as futures pointed toward a weaker Wall Street open following the Labor Day Weekend.
Wall Street reopens Tuesday after the holiday to a tougher macro backdrop. Last week, the 10-year Treasury yield climbed to its highest level since November 2023, and the 2-year note touched a January 2025 high, as investors weighed the risk that persistent inflation could keep the Federal Reserve cautious.
Kospi Extends AI-Driven RallyThe Kospi rose 1.25% to 7,083.84 by late morning in Seoul, building on Monday’s advance of more than 4%, its sharpest single-day move in months, as investors bet that artificial intelligence-related earnings would keep beating expectations.
The KOSPI has seen a return to positive numbers the past month. Image Source: Trading ViewSamsung Electronics gained 1.48% to 274,000 won, while SK Hynix jumped 3.65% to 1,848,000 won. State-run Korea Electric Power Co. added 3.82%, and refiner SK Innovation rose 1.6%.
SK Hynix and Samsung are both leading the rise. Image Source: Trading ViewHyundai Motor and LG Energy Solution slipped, while the won firmed to 1,338.55 per dollar. Japan’s Nikkei 225 fell 0.95% and the small-cap Kosdaq Index rose 0.46%. This underscores how unevenly the AI trade is playing out across the region.
The move follows a recent chip stocks offset Iran tensions report and comes as Goldman Sachs strategist Timothy Moe holds a bullish long-term Kospi target tied to a memory chip earnings recovery.
Wall Street Braces as Oil ClimbsUS index futures signaled a rougher start. Dow futures fell 308 points, or 0.6%, and oil prices touched six-week highs. It comes after Iran and the United States exchanged strikes over the weekend, with Brent crude up 1.1% to $97.31 a barrel.
Rising energy costs are stoking inflation concerns ahead of Thursday’s wholesale and Friday’s consumer price reports.Traders are pricing roughly a 60% chance of a quarter-point Federal Reserve rate hike at next week’s meeting.
The divergence leaves Seoul’s chip-led rally as one of the few bright spots. This is as the markets head into a week dominated by inflation data and Middle East risk.
Key Takeaways TAO gained 8.33% to reach $264.83, with an intraday peak of $277 — the highest level in three months Raydium introduced TAO trading pairs while Buttensor meme coin generates automatic TAO buy pressure through fee conversion Major protocol updates from V440 to V450 transformed subnet emissions, staking mechanisms, and validator structures Open interest in futures contracts surged to $434.58 million, a three-month peak, alongside 158% jump in 24-hour trading volume Critical resistance zone at $277–$280; breakthrough could trigger movement toward $300 target The TAO token from Bittensor posted an impressive 8.33% daily gain on Monday, closing at $264.83 after momentarily reaching $277 during the trading session. This intraday peak represents the token’s strongest performance in a three-month period and caps off a remarkable five-day rally totaling approximately 25%.
Bittensor (TAO) Price The upward trajectory began from a baseline near $220 on September 1. Within five days, by September 6, TAO had advanced to $265, with the subsequent trading session propelling it further toward the $277 mark.
A significant technical development saw TAO pierce through a downward-sloping trendline that had previously rejected multiple upside attempts. According to CoinGlass analytics, futures trading volume exploded to $868 million over 24 hours — a substantial 158.61% increase — while aggregate open interest climbed to $434.58 million.
Raydium, the prominent Solana-based decentralized exchange, recently integrated TAO trading functionality, effectively bridging the AI-focused token with Solana’s extensive DeFi ecosystem. This integration was quickly followed by the emergence of Buttensor, a meme-inspired token launching on the same platform.
🚨BITTENSOR RIPS AFTER MEMECOINS START PAIRING AGAINST IT!$TAO is near $268 after hitting $277.
StonkFun opened Solana memecoin pairs against $TAO, with $BUTTENSOR taking off first.
The coin printed millions in volume in hours, and a cut of each transfer is also used to buy… pic.twitter.com/7B5uLNPGBy
— Crypto Banter (@crypto_banter) September 7, 2026
The Buttensor project employs an innovative tokenomics model that automatically converts all transaction fees into TAO purchases, which are subsequently redistributed among BUTT token holders. This structure generates consistent buying pressure for TAO correlated with meme coin trading volumes.
Data from Santiment indicates TAO’s social dominance metric expanded from 0.05% to 0.12% in the wake of these launches. Additional momentum built as ChatGPT-6 Astra’s unveiling redirected market attention toward AI-linked cryptocurrency projects.
Market analyst DamiDefi highlighted on X that Gittensor’s RTX 5090-optimized Qwen3.8-27B model crossed the 500,000 download milestone on Hugging Face this week. He further emphasized the Good Morning initiative’s integration of GPT-6 Astra into Bittensor with verifiable access protocols, characterizing $TAO as “transforming OpenAI into a practical tool for developers.”
Significant Protocol Enhancements Drive Fundamental Strength Throughout August and continuing into September, Bittensor implemented a series of substantial protocol improvements. Version 440 deployed an Emission Gate mechanism that connects subnet reward distributions to market-driven demand benchmarks.
Subnets exceeding the demand threshold maintain price-correlated emissions, while underperforming subnets experience allocation reductions approaching zero. Subsequent releases including V441, V446, V447, and V448 fine-tuned root staking parameters, alpha calculation methodologies, and subnet governance frameworks.
Version 450 advances toward a validator-curated root basket system incorporating a 1/16 concentration limit, engineered to achieve more balanced exposure distribution across eligible subnets.
TAO’s ecosystem reach expanded through Chainlink’s cross-chain interoperability framework, now extending to Robinhood Chain. The network has scheduled the Bittensor Exploit Summit for September 28-29.
Current Technical Picture and Price Outlook Crypto analyst CryptoPatel shared on X that $TAO has appreciated 89% from the floor of his designated accumulation range. He reaffirmed his long-term price target of $3,000 and identified $300–$350 as the immediate zone to monitor for potential “bullish expansion.”
$TAO +89% RALLY | FROM ACCUMULATION TO BREAKOUT | $3,000 STILL POSSIBLE?#TAO Finally Started Moving. We’re Already ~89% Up From The Bottom Of Our Accumulation Zone.
Hope Your Patience Is Finally Paying Off. Enjoy The Ride.
But I’m Not Calling The Top Yet.
The Original $3,000… https://t.co/a8mbeGCHfG pic.twitter.com/bvwfRIiuIX
— Crypto Patel (@CryptoPatel) September 7, 2026
The $260–$265 range has established itself as support following the trendline breakout. Immediate resistance materializes at $277–$280, with $300 representing the subsequent upside target.
The $434.58 million in open interest marks a three-month high and signals heightened leveraged participation in TAO markets.
China's AI computing power landscape redrawn: Over half of new data center projects flock to northern and northwestern regions
Beating AI News Brief: China’s new AI computing power is clearly concentrating in northern and northwestern regions. BloombergNEF’s latest statistics show that over half of China’s under-construction and planned data center projects are located in northern and northwestern areas, including Inner Mongolia. According to its forecasts, by 2028, these regions will surpass traditional data center hubs like Beijing and Shanghai to become the country’s largest computing power supply zone. By 2030, northern and northwestern regions are projected to account for roughly one-third of China’s operational data centers’ IT capacity. These areas attract data centers mainly due to cheaper land and electricity costs, plus favorable climates for heat dissipation. AI firms including DeepSeek and Zhipu are also building large-scale data centers here. However, not all computing power will move westward. Latency-insensitive tasks such as model training and cloud storage are better suited for the west, while latency-sensitive use cases like autonomous driving still need to be close to eastern users.
8 minutes ago
China plans to quadruple its AI computing power by 2030.
Beating AI Insight News Brief: China’s Ministry of Industry and Information Technology (MIIT) has released the "15th Five-Year Plan for the Development of the Information and Communication Industry," setting a national intelligent computing power target of 9,800 EFLOPS by 2030. Latest data from the National Data Administration shows that as of the end of July, China’s total intelligent computing scale reached approximately 2,450 EFLOPS (FP16). Calculated on this basis, the scale needs to expand roughly fourfold over the next four years. The plan also proposes the orderly deployment of 10,000-card, 100,000-card and larger intelligent computing clusters, construction of inference computing power for different scenarios, and increased adaptation of domestic computing chips. To date, China has built 52 intelligent computing facilities with over 10,000 cards. The MIIT disclosed that as of the end of June, the intelligent computing power scale stood at 2,185 EFLOPS, a year-on-year rise of 177%. The plan’s table uses 1,590 EFLOPS in 2025 as the baseline, targeting 9,800 EFLOPS by 2030, equivalent to an approximately 6.2-fold expansion. Meanwhile, the cumulative investment target for information infrastructure across the entire information and communication industry is 3.8 trillion yuan, which covers communication networks and other infrastructure—not all of it is allocated to AI computing power.
8 minutes ago
Is 4Stock a copycat project? STRATTON on Robinhood Chain surges over 100% in the past two hours.
According to GMGN data, the token of the Stratton Market project, STRATTON, has surged over 100% in the past two hours, with its current market cap standing at $6.81 million. Notably, STRATTON was launched on September 3, and its narrative is exactly the same as that of today’s trending 4Stock. It is reported that Stratton Market (STRATTON) is a narrative-driven project deployed on Robinhood Chain, combining "US penny stocks" and "meme launches" into a single gameplay. Its core concept involves converting micro-cap stocks listed on the New York Stock Exchange and Nasdaq into on-chain tokens (called TICKERx in the project, such as TOONx, DSSx, AIXIx) at a rate of one token per share, then using these stock tokens as quote assets to build launchpads for new meme tokens.
8 minutes ago
UBS has launched a test of the Swiss franc stablecoin in collaboration with multiple Swiss institutions, with the CHFD stablecoin now live for trial operation.
Swiss bank UBS announced that together with eight other institutions—PostFinance, Sygnum, Raiffeisen, Zurich Cantonal Bank, BCV, SIX, TWINT, and Swiss Stablecoin AG—a total of nine entities have launched the Sandbox testing phase for the Swiss franc stablecoin, exploring the integration of blockchain applications with such stablecoins. The test is based on the CHFD Swiss franc stablecoin, which has been technically deployed in the Sandbox environment since the end of June and is pegged 1:1 to the Swiss franc. It will focus on use cases including automated inter-institutional financial transactions, digital asset tokenization settlement, and programmable payments, covering applications such as reducing online marketplace fraud risks, improving fair access to event tickets, and enhancing the efficiency of public fund disbursement. The test is expected to run through the end of 2026. UBS stated that the Sandbox aims to accumulate technical, operational, and regulatory experience, and does not represent a decision to officially launch the Swiss franc stablecoin.
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Well-known Chinese crypto trader "Ma Ji" was forced to cut Bitcoin (BTC) long positions at a loss amid a market pullback, with his position size now standing at just 10% of its previous level.
According to Tradingbeats' monitoring, as of 14:30 on September 8, "Big Brother Ma Ji" Huang Licheng's BTC long positions have fallen from approximately 541 BTC last night to 50 BTC, marking a net position reduction of around 491 BTC. The remaining position is valued at roughly $3.9174 million, with 40x leverage, an average entry price of about $79,294.9, and an unrealized loss of approximately $47,400. During the position reduction phase from last night to the present, he closed out a total of 575.07 BTC while covering around 91 BTC, resulting in a total realized loss of $305,600 from closing price movements. After adding roughly $14,400 in fees, his net realized loss stands at approximately $320,000. Overall, "Big Brother Ma Ji" has sharply scaled down his BTC long positions from an original size of around $43 million to roughly $4 million, and confirmed losses during this round of position reduction.
8 minutes ago
A crypto whale spent another $163,000 to acquire 3.48 million 4Stock tokens, having previously spent $4.73 million on purchases of tokens including PONS.
According to Lookonchain’s monitoring, the whale that previously spent $4.73 million to buy PONS, UNI, AAVE, and CASHCAT has once again spent 163,256 USDT to purchase 3.48 million 4Stock tokens.
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.
NVIDIA CEO Jensen Huang says human-level AI has arrived. His company, Nvidia, supplies the hardware behind it and has a financial stake in convincing the world to keep spending on AI.
On Sunday, he credited OpenAI’s GPT-6 Astra with reaching artificial general intelligence, or AGI. Broadly, that means AI capable of handling intellectual work at human level. There is no universally accepted test.
Four days earlier, at a G20 meeting in North Carolina, Huang had sounded less certain.
“In the next couple of years, we are going to achieve essentially what people call AGI… In fact, I would argue that we’re practically there today… It either means a lot or it doesn’t mean anything,” he said.
That ambiguity extends to the contracts funding AI.
AGI Hype is Not ShowingOpenAI’s Microsoft deal once reportedly tied AGI to systems capable of generating about $100 billion in profit. An October 2025 revision required an independent expert panel to verify OpenAI’s declaration.
The companies rewrote their agreement in April. OpenAI’s payments to Microsoft now continue through 2030 regardless of technological progress. The financial arrangement no longer needs that verdict.
For six years, saying "AGI has arrived" would have blown up the biggest deal in tech.
The 2019 Microsoft contract made AGI a legal trigger. The moment OpenAI's board declared it, Microsoft lost access to all future models and the partnership terminated. Reporting later revealed… https://t.co/czojcl9ry7
— Aakash Gupta (@aakashgupta) September 7, 2026
Meanwhile, Sequoia partners published “2026: This is AGI” in January. Physicist Mark Gubrud, who used the term in 1997, also says it has arrived.
The disagreement partly reflects different expectations. Anthropic chief Dario Amodei described a much higher threshold in February, months before Astra’s release.
“If you had the country of geniuses in a data center, we would know it… We don’t have that now. That’s very clear,” he said.
For investors, Huang’s Sunday claim leaves a practical question unanswered: how much human work can these systems reliably take over?
Cognitive scientist Gary Marcus remains unconvinced.
“Of course I fully expect that AGI will be achieved someday. But everything said before then is a premature declaration,” he noted.
F2Pool co-founder Wang Chun: Blacklisted the entire ZEC company six years ago, and liquidated all his ZEC holdings last week.
F2Pool co-founder Wang Chun has shared a retrospective post recounting that six years ago, a Zcash team member contacted him, but their communication collapsed after the individual repeatedly confused US Eastern Standard Time and US Eastern Daylight Time. Wang subsequently blocked the entire company the employee belonged to. Six years later, Wang says this remains one of the "best decisions" he has made. He also cited a prior BlockFi incident: the crypto firm was meant to send users $701.4 but instead transferred 701.4 BTC. Wang joked, "Someone who can’t even distinguish between US Eastern Standard Time and Daylight Time probably mixes up BTC and USD too." Additionally, Wang noted he was pleased to have liquidated all his ZEC holdings last week and fully switched to DOGE. Note: In April 2020, Wang publicly criticized the Zcash team, stating that if the group could not even understand how daylight saving time works, it could not claim to comprehend zkSNARKs. He further argued the project employed too many staff who lack mastery of basic principles, a flaw he warned could eventually cause the project to fail.
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4Stock's market cap briefly surges past $60 million, extending its streak of new all-time highs.
According to data from GMGN, 4Stock’s market cap briefly topped $60 million, hitting a new all-time high, and is now trading at $52.31 million. Its trading volume reached $47.2 million in the three hours after launch. 4Stock is a "stock meme" narrative launched by Four.meme: the project first introduces underlying 4Stock assets pegged to traditional stocks, then allows the community to issue meme tokens using these assets as a liquidity pool. BNC4 is the first 4Stock token, with a 1:1 peg to its corresponding stock asset.
3 minutes ago
A Hyperliquid trader has accumulated $25.1 million in total profits, with $13.27 million earned in the past 30 days.
According to monitoring by OnchainLens, a Hyperliquid trader has generated a cumulative profit of $25.1 million, with $13.27 million of that earned over the past 30 days. The trader currently holds approximately 177,600 HYPE long positions valued at around $14.97 million, with an entry price of $56.03 and current price of $84.30, resulting in an unrealized profit of roughly $5.02 million.
3 minutes ago
BNC4 hits a peak of $35 before plummeting 85%, now trading at $4.7.
According to GMGN data, the BNC4 token price plunged 85% after hitting a high of $35, and is now trading at $4.7. Its 3-hour trading volume reached $69.6 million, essentially pegging to the after-hours price of its underlying stock BNC on US equities ($4.16), ending its previous significant premium.
3 minutes ago
MiniCPM5-2B Officially Open-Sourced: 2B-parameter Model Ranks First Among All Models Under 4B Parameters on the AA Benchmark
Beating AI News Flash from Dongcha: Mianbi Intelligence, in collaboration with the OpenBMB open-source community, has officially open-sourced its new-generation "Little Steel Cannon" MiniCPM5-2B. A 2B-parameter text model designed for local devices such as mobile phones and PCs, it natively supports approximately 128K context windows. The model was first unveiled in July; this release marks the official launch of its weights, alongside open access to its training data, training recipes, and reinforcement learning (RL) framework. The weights are licensed under Apache 2.0. In an independent evaluation by Artificial Analysis, MiniCPM5-2B scored 15 points on the Intelligence Index v4.2, ranking first among open-weight models with parameters under 4B, and leading the second-place Granite 4.2 3B by 11 points.
3 minutes ago
4Stock surges past $40 million, with top profitable addresses holding $500,000 in unrealized gains, and the FOMO community joining the fray.
Today, a short squeeze narrative unfolded on the Binance Smart Chain (BSC). Meme coin 4Stock hit a $40 million market cap just two hours after launch. As of press time, GMGN data shows the top profitable address for the token is a newly created wallet, which invested a total of $124,000 at an average market cap of $7 million, currently holds 1.77% of the token supply, and has not executed any sell or transfer actions. On the other hand, the second top profitable address belongs to crypto KOL Wick Li (@SuperL9), who put in $4,000 when the token’s market cap was as low as $144,000, generating a total profit of $476,000. Over the past half hour, this address has been continuously reducing its position, locking in $228,000 in profits. In addition to these profitable addresses, multiple KOLs from the FOMO community are buying the token: pow has purchased $153,000 worth at an average entry market cap of $30.8 million, while Logan Lim has bought $129,600 worth with an average entry market cap of $18.7 million. Note: 4Stock is a "stock meme" narrative launched by Four.meme. It first rolls out underlying 4Stock assets linked to stock holdings, then allows the community to issue meme coins using these assets as a liquidity pool. BNC4 is the first 4Stock, pegged 1:1 to its corresponding stock asset.
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.
Celestia [TIA] cleared $0.42 resistance and jumped to a four-month high of $0.48 before retracing.
At press time, Celestia was trading around $0.43, marking an 11.5% jump on the 24-hour timeframe. This upside move was backed by a 298% jump in trading volume, highlighting strong market activity.
But what’s driving Celestia’s uptick? TIA’s recent gains have captured market attention, leaving the community deliberating on the factors behind the surge. It was observed that the altcoin’s recent pump is mostly driven by three factors.
Firstly, its role in the modular blockchain as a data availability (DA) layer. As such, Celestia’s modular architecture is gaining fresh attention.
With the network’s focus on data availability and scalable rollups, TIA is positioned around Web3’s biggest problems: making blockchain scalable without compromising flexibility.
Source: Coinbase Additionally, Celestia is seeing strong demand from stakers. According to Coinbase, there are over 393.9 million tokens staked, or 43% of the total supply.
Notably, Celestia has a staking reward rate of 5.48%, which has made it overly attractive to crypto investors.
Profit takers causing intense pressure As expected, with Celestia rallying, investors who have held underwater rushed to cash out. On the Futures side, for example, Celestia recorded $92 million in outflows compared to $87.6 million in inflows in the past 24 hours.
Source: Coinglass As a result, Futures Netflow dropped 998% to -$4.4 million as of writing, suggesting that traders aggressively closed their positions.
On the Spot side, the same market behavior was evident. The altcoin saw $15.3 million in exchange inflows compared to $14.7 million in outflows.
Source: Coinglass As a result, Spot Netflow climbed 1163% to $595k, a clear sign of spot selling. When sellers dominate both the Spot and Futures, it weakens market structure and often leads to price drops.
Can TIA absorb the pressure and extend the rally? Although Celestia rose to $0.48, its pullback to $0.43 showed internal market weakness. The weakness mostly emerged from increased profit-taking.
Despite the rising pressure, the altcoin’s bullish structure remains intact. In fact, its stochastic RSI has held within an upward trajectory, rising to around 88, at press time.
Source: Tradingview Likewise, the DMI indicator was positive, rising to 40. With both of these indicators on the rise, they suggest the uptrend is strong and most likely to continue.
Therefore, if the market bulls can absorb the rising sell pressure, we could see Celestia reclaim $0.48 and flip $0.5 resistance. However, if profit-taking continues, TIA will drop below $0.40 and maybe even towards $0.34.
Final Summary Celestia [TIA] surged 11%, cleared $0.42 resistance, and jumped to a four-month high of $0.48. Celestia rallied, driven by rising demand from stakers and its growing in the modular as a data availability (DA) layer.
Insight Beating AI News Flash: Independent developer cozyblaze has integrated GPT-6 Astra into Valve’s 3D puzzle game *Portal*. At the start, he only gave one instruction: complete the game from start to end credits without accessing the internet for walkthroughs. Astra successfully cleared the game in roughly 23 hours and 43 minutes, consuming around 435 million tokens, which translates to approximately $571 based on API pricing. Astra’s gameplay differs from human play: when it thinks, the game pauses, then it analyzes the current screen, character position, and perspective to decide its next move, where to look, and where to place portals before resuming the game. Mid-experiment, OpenAI’s service faced capacity issues, so the author manually resumed the task and later switched to the faster Fast mode. Public logs show no additional game prompts were provided to Astra from start to the appearance of the end credits. However, this is not a strict benchmark. *Portal* has been released for nearly 20 years, with a wealth of walkthroughs and videos online. Even though the experiment prohibited Astra from actively searching for walkthroughs online, it cannot rule out that relevant game knowledge was already included in its training data. What’s truly notable is that AI can now complete a task that lasts nearly a day and requires continuous observation and operation of a 3D environment.
Ondo Finance, a project focused on tokenized real-world assets (RWA), is drawing increased market attention as ONDO, its native token, approaches a key technical breakout. ONDO is currently trading at $0.3852 with a 24-hour volume of $170.03 million and a market capitalization of $1.87 billion. The price gained 1.97% over the past 24 hours, underscoring growing interest from traders as ONDO lags behind the broader crypto market rally.
Technical outlook and key resistance levelsThe crypto analyst LSTRADER observed that ONDO is approaching an important breakout formation, noting that its earlier surge after moving above $0.33 attracted significant attention. Market participants are now watching whether ONDO can repeat this momentum and break above current resistance levels. Traders see this development as critical: a successful breakout could push ONDO to the $0.50 mark, aligned with other assets that outperformed during recent rallies. If momentum fails, the token may remain in a consolidation phase as investors seek more confirmation.
ONDO previously rallied after clearing the $0.33 level. Traders are now closely watching for another strong move as the price approaches resistance and derivative activity increases.
With ONDO underperforming in comparison to major cryptocurrencies, attention remains high regarding a potential acceleration if buying pressure returns.
Trading activity, derivatives, and on-chain expansionCoinglass reported that ONDO’s transaction volume jumped 66.60% to $352.62 million, while open interest in ONDO derivatives increased 1.73% to $247.70 million. These figures signal heightened activity across both spot and derivative markets, which may translate to higher volatility in the near term.
MetricPrevious ValueCurrent ValueChangeONDO Price—$0.3852+1.97%Spot Volume (24h)—$170.03 million—Market Cap—$1.87 billion—Total Transaction Volume—$352.62 million+66.60%Derivative Open Interest—$247.70 million+1.73%Analyst Dami-Defi pointed out that Ondo Stocks, the platform’s tokenized stock offering, surpassed $1 billion in total value locked (TVL), a milestone reflecting the surging interest in tokenized assets. After launching, Ondo Stocks quickly reached $100 million in TVL, with an additional $500 million added within just five months. The continued growth across Ethereum, Solana, and BNB Chain is further sustaining this trend.
Mini dictionary: Ondo Finance is a digital asset platform specializing in the tokenization of real-world assets (RWA). It provides users with the opportunity to invest in tokenized stocks and other yield-generating assets that operate on blockchain networks.
Ondo Stocks’ expansion on multiple blockchains has transformed tokenized stocks from a niche experiment to an active market segment, reinforcing the RWA narrative.
Industry observers note that ONDO’s performance is now closely tied to its ability to sustain growth in both the token’s ecosystem and its adoption of tokenized assets.
Ondo Perps and the multi-asset perpetuals ambitionData from Ondo Perps, the derivatives branch of the Ondo ecosystem, indicates an ambitious plan to access a global market reportedly valued at $70 trillion. This market encompasses equities, exchange-traded funds (ETFs), commodities, and cryptocurrencies. Through perpetual contracts, Ondo Perps is working to provide users with seamless exposure to multiple asset classes in a single trading environment.
By aiming to extend 24/7 trading opportunities to traditional markets, Ondo Perps is seeking to bridge the gap between blockchain infrastructure and global finance. This strategy may streamline multi-asset trading and support the ongoing evolution of the ONDO token’s utility and narrative.
With these developments, ONDO faces a pivotal technical test as traders position for either a breakout above resistance or an extended period of sideways movement. The platform’s continued adoption of RWA features may further influence ONDO’s momentum in the coming weeks.
BDACS, the largest digital asset custodian in South Korea, has selected LayerZero's OFT standard as its interoperability solution for KRW1, the first on-shore Korean won-backed stablecoin. To build with it, visit Developers or reach out to our team.
KRW1, the first Korean won-backed stablecoin, already exists as a multi-chain asset on Ethereum, Avalanche, and Circle’s Arc. But for BDACS, the issuer of KRW1, the distribution and utility of KRW1 has been limited by friction related to its cross-chain interoperability infrastructure.
After a rigorous review of options to bring KRW1 natively multi-chain, BDACS chose LayerZero's OFT (Omnichain Fungible Token) standard.
A standard already tested at scale The OFT standard is the same standard Tether uses for USDT0, PayPal for PYUSD, and Paxos for USDG. It now facilitates 87% of all cross-chain volume transferred and has transferred $280 billion in lifetime transfers across 170+ chains. BDACS's decision puts KRW1 on infrastructure other major stablecoin issuers already put through rigorous diligence before adopting.
The OFT standard is designed with institutional and enterprise-grade issuers top of mind. It provides issuers with the customization and control they need to satisfy regulators and enterprise-grade security teams, while simultaneously lowering the operational burden to add the next incremental chain and manage the resulting supply fragmentation.
Under the OFT standard, when KRW1 moves across chains, it will now be debited on the source chain and credited on the destination chain. One KRW1 supply will exist across every connected network, instead of several disconnected instances competing for liquidity. Stargate, LayerZero's cross-chain transfer application, is what executes that debit-and-credit transfer for users moving KRW1.
Why the timing matters Korea's Won Internationalization Roadmap, published in July 2026, commits to amending the Foreign Exchange Transactions Act to establish a legal basis for won-denominated stablecoins. Related measures, including offshore won accounts and a 24-hour offshore won settlement network piloting into 2027, build the institutional plumbing for the won to move outside Korea.
Cross-chain interoperability builds the circulation side of that plan. Each KRW1 unit that moves under the OFT standard extends won-denominated liquidity to any LayerZero-connected chain, without depending on one network's ecosystem for reach. Most bridged omnichain stablecoin volume today is denominated in dollars; this integration puts the won into that mix.
BDACS is the largest digital asset custodian in Korea by assets under custody, and the first company to issue a won-backed stablecoin. KRW1 stays fully reserved 1:1 with Korean won held at Woori Bank, with independent attestation of reserves, a compliance position that does not change as KRW1's network reach grows.
Harry Ryoo, CEO of BDACS said, "The value of a Korean won stablecoin lies in its global scalability." He added, "KRW1, the leading Korean won stablecoin, has established a technical foundation to expand beyond Korea into global markets by enabling more flexible use across multiple blockchains through the application of OFT. Building on this technical foundation, we will continue to expand the scope of KRW1's use going forward."
Start building Developers integrating stablecoins across chains can start with LayerZero's OFT standard. Visit Developers or reach out to our team.
About BDACS BDACS is a digital asset infrastructure company providing custody to institutional clients. In the first half of 2026, it surpassed 80 billion KRW in assets under custody, the largest total of any digital asset custodian in Korea. BDACS holds SOC 1 and ISO 27001 certifications and is pursuing SOC 2. It issued KRW1, the world's first Korean won stablecoin, and partners with Woori Bank, Galaxy Digital, and Circle.
About LayerZero LayerZero is where finance and the internet converge. It makes any token or application compatible with every type of blockchain. From protocols to institutions, organizations use LayerZero to build, issue, and scale digital assets and products. It connects 170+ blockchains, processes millions of messages a year, and powers billions in value transfer. Trusted by PayPal USD, Ethena, Ondo Finance and more, LayerZero has become the standard for building on blockchains.
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.
Meme coin 4Stock on BSC hits $8.93 million market cap just two hours after its launch.
According to GMGN data, the Meme coin 4Stock on BSC hit a peak market cap of $8.93 million within two hours of its launch, and is now trading at $5.21 million, with a trading volume of $10.2 million in that period. BlockBeats Note: Meme coin trading is highly volatile, largely dependent on market sentiment and concept hype, with no actual value or practical use cases. Investors should exercise caution regarding risks.
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Despite U.S. warnings, Malaysia is considering using Huawei's Ascend 910C to build its sovereign AI system.
Beating AI News Flash: Malaysia is seriously considering adopting Huawei’s Ascend 910C to build a sovereign AI infrastructure project valued at 2 billion ringgit (approximately $494 million). The initiative aims to keep sensitive data from government, military, and intelligence agencies within the country. State-owned telecom firm Telekom Malaysia has been named the primary operator, though the final chip selection has not been finalized. The focus is currently on the 910C, not the newer Ascend 950, which remains in limited production. Last year, the U.S. warned that using certain Huawei Ascend chips, including the 910C, could violate American export control rules. The Malaysian government is also considering re-tendering the project to enable direct competition from U.S. vendors such as NVIDIA. This marks Malaysia’s second engagement with Huawei’s AI chips: last May, the deputy communications minister announced plans to deploy 3,000 Ascend chips, but retracted the statement a day later. The government later clarified that the project was private and unrelated to national programs. Now, Huawei is re-entering a formal sovereign AI project backed by the Malaysian government with a 2 billion ringgit investment. If Huawei is ultimately chosen, this would be the first known instance of a foreign government formally selecting a Chinese AI accelerator. Huawei is also competing for an AI data center project with the Egyptian government, marking a genuine entry of Chinese AI chips into overseas national-level infrastructure competition.
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Bithumb will list Cluster Protocol (CP)
According to official announcements, Bithumb, South Korea's second-largest cryptocurrency exchange, will list Cluster Protocol (CP).
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No.1 account on the FOMO Daily Ranking once suffered a loss of $2.695 million, and turned a profit by holding a heavy position in STONK.
Data shows that Point Farm Capital, the top-ranked account on the FOMO platform’s daily leaderboard, currently holds approximately $9.8248 million in assets, with a paper gain of around $713,900 over the past 24 hours. Notably, its path to this paper gain was not smooth: records indicate the account once posted a paper loss of $2.695 million within the 24-hour window, but eventually turned a profit thanks to a sharp rally in STONK, pushing it to the top of the daily leaderboard. According to GMGN data, STONK has just hit an all-time high market cap of $190 million, with a 24-hour price increase of 50% and a 24-hour trading volume of $69.5 million. Data shows that STONK is the token generating the largest unrealized profit in Point Farm Capital’s portfolio, with a holding value of roughly $7.1898 million, cumulative unrealized profit of about $6.7478 million, and a return of approximately 1357.59%. The account’s average entry cost is around $1.3 million, while STONK’s current market cap stands at $176 million.
1 seconds ago
Driven by expectations of a rate hike by the Bank of Japan, the Japanese yen rose to a six-month high against the US dollar.
Boosted by expectations of faster interest rate hikes from the Bank of Japan and potential capital inflows into Japanese assets, the yen has extended its recent rally against the U.S. dollar. During Tuesday’s Asian trading session, the yen rose to a six-month high against the U.S. dollar, surpassing levels hit in late July when the U.S. and Japan intervened jointly in the foreign exchange market to curb the yen’s weakness. After Japanese Finance Minister Katsunobu Kato stated Japan will continue coordinating with the U.S. to ensure market stability, investors remain alert to the possibility of further intervention. Kato said at a Tuesday press conference: “We will maintain close communication with the U.S. Treasury and strive to preserve order in the foreign exchange market. Since the joint currency intervention with the U.S., our policy stance has not changed at all.” Christopher Wong, foreign exchange strategist at Oversea-Chinese Banking Corporation (OCBC) Research Department, noted: “The market has now almost fully priced in a 25-basis-point interest rate hike at next week’s Bank of Japan meeting. Remarks from economic advisor Sanae Takaichi have also driven a shift in rate expectations, with her projecting further tightening after a September rate hike.” (Source: Jin10)
1 seconds ago
H100 rental rates surge 22% in a month, Jensen Huang: GPUs are revenue-generating assets
Beating AI Express (from Dongcha) – NVIDIA CEO Jensen Huang shared data from compute power marketplace Ornn. Ornn noted that the H100, a training GPU released years ago, has seen its rental price surge by 22% over the past month, reaching a new high of $3.28 per unit per hour. Huang used this to emphasize that NVIDIA’s compute power can be continuously rented out for profit, serving as a revenue-generating asset. Ornn’s H100 Index is calculated based on actual rental transaction prices. Its daily settlement price on September 7 stood at $3.17 per hour, and Ornn’s latest displayed price has since climbed to $3.28. This data directly supports the "compute power durability" logic that Huang has repeatedly highlighted recently. NVIDIA also stated in its latest earnings call that GPUs can be redeployed across different clients and workloads.
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.
According to monitoring by OnchainLens, Hyperliquid repurchased and destroyed 15,350 HYPE tokens over the past 24 hours, at an average repurchase price of approximately $86.17, for a total value of around $1.32 million. To date, Hyperliquid has cumulatively destroyed roughly 48.45 million HYPE tokens, worth about $4.11 billion at current prices, accounting for 4.84% of HYPE’s maximum supply.
Bitcoin (BTC) is once again trading like gold as investors hedge against potential inflation, according to new analysis from the digital asset management firm CoinShares.
James Butterfill, CoinShares’ head of research, notes that dueling speeches from Federal Reserve chairman Kevin Warsh and Fed governor Christopher Waller left different impressions about the possibility of a September rate hike.
“Kevin Warsh’s comments on Friday were read as hawkish, with a clear emphasis on inflation rather than the weakening employment picture, and markets moved towards pricing roughly a two-thirds probability of a September rate hike. Waller subsequently pushed back against that interpretation, arguing that recent inflation data show encouraging signs of disinflation and indicating that, provided August inflation confirms the trend, he would favour keeping rates unchanged in September. His comments helped ease Treasury yields and supported Bitcoin’s move above US$80k.
We think the market’s pricing of a September hike still looks too aggressive, particularly given softer labour data and the divergence now emerging within the Fed over how much weight to place on inflation versus employment.”
The CME FedWatch Tool, which generates probabilities using the 30-day Fed Funds futures prices, currently estimates a 60.4% chance that the Fed will hike the federal funds target rate by 25 basis points at next week’s Federal Open Market Committee (FOMC) meeting.
Butterfill says two factors could drive Bitcoin higher amid the monetary policy uncertainty.
“For Bitcoin to move convincingly through US$80k, we think one of two things needs to happen: a resolution of the Iran conflict that lowers inflation and rate expectations, or a further deterioration in confidence in US sovereign debt that accelerates demand for non-sovereign stores of value. Until one arrives, range trading remains the more likely outcome.
Two dates carry most of the information from here. The August inflation print will tell us whether Waller’s disinflation case holds, and the September meeting will show whether the Fed’s internal split resolves towards inflation or employment. Everything else is noise around those two.”
When the CEO of a Bitcoin treasury company finally speaks up about governance concerns, you’d expect the stock to stabilize. Metaplanet’s shares had a different idea, falling roughly 7.5% to close at 271 yen on September 7, the trading session after CEO Simon Gerovich posted his response to shareholder criticism.
The Tokyo-listed firm, which adopted a Bitcoin-centric treasury strategy in 2024, is facing pointed questions about an executive stock option pool that ballooned nearly sevenfold. Gerovich’s attempt to reassure investors appears to have had the opposite effect.
The option pool problem At the center of the controversy is Metaplanet’s Series 10 executive option pool. Originally sized at approximately 46 million shares, the pool swelled to 319.46 million shares thanks to a floating allocation formula tied to the company’s fully diluted share count.
On August 18, the company moved to cap the pool at 319.46 million shares, freezing it at its already-expanded size. A five-year lock-up was also instituted, meaning those options can’t be touched until August 17, 2031.
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Just ten days after the cap was announced, Gerovich exercised 92,000 units on August 28, converting them into 64,032,000 common shares. That brought his total holdings to 79,587,500 shares.
Gerovich’s response and the MMXX question On September 6, Gerovich took to X to address the growing chorus of shareholder discontent. He acknowledged that the company needed to communicate more effectively on governance matters and outlined plans for future remuneration policy transparency.
He also clarified his relationship with MMXX Ventures Limited, a firm established in 2022 that holds approximately 42,474,750 shares of Metaplanet, representing about 3.26% of the company. Gerovich stated that while he has an association with MMXX Ventures, he does not hold any operational role there.
The broader Bitcoin treasury dilemma Metaplanet’s governance turbulence isn’t happening in a vacuum. The company is one of several publicly traded firms that have tied their corporate identity to Bitcoin holdings, following the playbook popularized by MicroStrategy’s Michael Saylor. The basic pitch: hold Bitcoin on the balance sheet, use equity markets to fund purchases, and let the company’s stock serve as a leveraged proxy for Bitcoin exposure.
Repeated equity issuances to fund Bitcoin purchases dilute existing shareholders. Executive option pools that expand automatically with each issuance compound that dilution.
The floating mechanism that allowed the Series 10 pool to expand from 46 million to 319.46 million shares was embedded in the option structure since 2023. That it was only capped in August 2026, after it had already grown nearly seven times over, raises fair questions about whether the board’s oversight kept pace with the strategy’s execution.
Capping the pool and imposing a five-year lock-up are concrete steps. But they also crystallize a new reality: 319.46 million shares are now earmarked for executive compensation, locked until 2031.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
TLDR: Privacy sector up 213% since Bitcoin’s October high while every other sector remains lower. ZEC surged 2,496%, jumping from rank 82 to rank 7 among all cryptocurrencies by market cap. Privacy sector market cap grew from $7.1B to $33.6B, nearly matching Tron’s valuation today. Excluding ZEC, the privacy basket still gained 85% yearly, showing broad sector-wide strength. The privacy sector has become the only major cryptocurrency category trading above its level from Bitcoin’s October 2025 high, according to data from Glassnode.
The privacy sector has climbed 213% since that peak, while every other segment of the market remains below its previous mark.
Zcash (ZEC) has driven much of this move, gaining 2,496% and climbing from the 82nd largest cryptocurrency to the seventh. The sector’s total market capitalization has grown from $7.1 billion to $33.6 billion over the past year.
Privacy Sector Outpaces Broader Market Decline Bitcoin currently trades 36% below its October 2025 high, 335 days after that peak was recorded. The median asset among the top 200 cryptocurrencies sits 58% below its level on that day. Against this backdrop, the privacy sector stands out as the single category that has moved higher rather than lower.
Glassnode highlighted this divergence in a recent post on social media platform X. The firm wrote that privacy is “the trade of the year,” noting that every other sector remains below its high, ranging from DeFi at negative 27% to gaming at negative 74%.
The past 30 days brought gains across all ten sectors tracked by Glassnode, and the privacy sector led that short-term rally as well, rising 90% in that window.
This recent strength has not altered the yearly picture, since the privacy sector remains the lone category above its prior peak.
The sector’s expansion from $7.1 billion to $33.6 billion places it near the market capitalization of Tron. Close to half of that growth occurred within the past month alone, reflecting how quickly capital has moved into privacy-focused tokens.
Growth Extends Beyond Zcash Zcash accounts for the largest share of the sector’s gains, rising from rank 82 to rank 7 by market capitalization. At 62% of the sector’s total value, ZEC also dominates the privacy index numerically. Monero (XMR) has doubled in value beneath it over the same period.
Glassnode noted that the rally is not confined to a single asset. All eight privacy coins with at least one year of trading history have posted gains. Across the broader top 200 list, only one in eight assets can say the same.
Excluding ZEC from the calculation, the cap-weighted privacy basket is still up 85% over the past year. It has also gained 56% since the October Bitcoin high. Over the past 90 days, Dash, Monero, and Horizen each outran Bitcoin’s performance.
Among the 25 largest cryptocurrencies overall, only four trade above their October 6 price: ZEC, Hyperliquid (HYPE), XMR, and Wormhole (WBT).
Two of those four belong to the privacy sector. HYPE’s gains are described as a standalone case, since DeFi as a category sits at negative 46% for the year without it.
Meanwhile, 91.5% of the top 200 assets have risen over the past 30 days, marking the broadest monthly advance in that dataset’s history.
According to official announcements, Bithumb, South Korea's second-largest cryptocurrency exchange, will list Cluster Protocol (CP).
2 minutes ago
No.1 account on the FOMO Daily Ranking once suffered a loss of $2.695 million, and turned a profit by holding a heavy position in STONK.
Data shows that Point Farm Capital, the top-ranked account on the FOMO platform’s daily leaderboard, currently holds approximately $9.8248 million in assets, with a paper gain of around $713,900 over the past 24 hours. Notably, its path to this paper gain was not smooth: records indicate the account once posted a paper loss of $2.695 million within the 24-hour window, but eventually turned a profit thanks to a sharp rally in STONK, pushing it to the top of the daily leaderboard. According to GMGN data, STONK has just hit an all-time high market cap of $190 million, with a 24-hour price increase of 50% and a 24-hour trading volume of $69.5 million. Data shows that STONK is the token generating the largest unrealized profit in Point Farm Capital’s portfolio, with a holding value of roughly $7.1898 million, cumulative unrealized profit of about $6.7478 million, and a return of approximately 1357.59%. The account’s average entry cost is around $1.3 million, while STONK’s current market cap stands at $176 million.
2 minutes ago
Driven by expectations of a rate hike by the Bank of Japan, the Japanese yen rose to a six-month high against the US dollar.
Boosted by expectations of faster interest rate hikes from the Bank of Japan and potential capital inflows into Japanese assets, the yen has extended its recent rally against the U.S. dollar. During Tuesday’s Asian trading session, the yen rose to a six-month high against the U.S. dollar, surpassing levels hit in late July when the U.S. and Japan intervened jointly in the foreign exchange market to curb the yen’s weakness. After Japanese Finance Minister Katsunobu Kato stated Japan will continue coordinating with the U.S. to ensure market stability, investors remain alert to the possibility of further intervention. Kato said at a Tuesday press conference: “We will maintain close communication with the U.S. Treasury and strive to preserve order in the foreign exchange market. Since the joint currency intervention with the U.S., our policy stance has not changed at all.” Christopher Wong, foreign exchange strategist at Oversea-Chinese Banking Corporation (OCBC) Research Department, noted: “The market has now almost fully priced in a 25-basis-point interest rate hike at next week’s Bank of Japan meeting. Remarks from economic advisor Sanae Takaichi have also driven a shift in rate expectations, with her projecting further tightening after a September rate hike.” (Source: Jin10)
2 minutes ago
H100 rental rates surge 22% in a month, Jensen Huang: GPUs are revenue-generating assets
Beating AI Express (from Dongcha) – NVIDIA CEO Jensen Huang shared data from compute power marketplace Ornn. Ornn noted that the H100, a training GPU released years ago, has seen its rental price surge by 22% over the past month, reaching a new high of $3.28 per unit per hour. Huang used this to emphasize that NVIDIA’s compute power can be continuously rented out for profit, serving as a revenue-generating asset. Ornn’s H100 Index is calculated based on actual rental transaction prices. Its daily settlement price on September 7 stood at $3.17 per hour, and Ornn’s latest displayed price has since climbed to $3.28. This data directly supports the "compute power durability" logic that Huang has repeatedly highlighted recently. NVIDIA also stated in its latest earnings call that GPUs can be redeployed across different clients and workloads.
2 minutes ago
Upbit will list Cluster Protocol (CP)
According to official announcements, Upbit will list Cluster Protocol (CP), supporting trading pairs against KRW, BTC, and USDT.
2 minutes ago
News of CP’s listing on Upbit drove the cryptocurrency CP to surge more than 50% in a short period.
According to market data, driven by CP’s listing on Upbit, South Korea’s largest cryptocurrency exchange, the token saw a short-term surge of over 50% and is now trading at $0.0256.
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.
As Hunter Biden, son of former US President Joe Biden, prepares to launch the meme coin LAPTOP, some crypto traders are questioning his personal background and motives for issuing the token. In 2024, Hunter Biden was convicted on three felony gun charges and pleaded guilty to nine tax offenses, before receiving a full pardon from his father, former US President Joe Biden. He also testified under oath that he owed approximately $17 million to his former law firm Winston & Strawn. The firm sued him last year over unpaid legal fees, and his lawyer stated in April this year that Hunter lives overseas and is "unable to pay". Some traders have linked this financial situation to his timing of launching the meme coin. Hunter himself has previously said he entered the crypto industry because he is interested in the technology and "wanted to make some money". Hunter Biden has recently publicly supported the crypto sector multiple times, stating that "decentralized digital currencies and blockchain are an inevitable future", and when asked about his views on cryptocurrency, he directly replied "Hyperliquid". He also said he hopes to put his artworks on-chain and accept Bitcoin payments, adding that Andreas Antonopoulos' book *The Internet of Money* "opened his eyes". The performance of LAPTOP after its launch remains uncertain. TRUMP has fallen from a January 2025 high of $74.34 to $2.27, while MELANIA has dropped 94% to $0.11. Additionally, Hunter Biden has recently stated he has not decided whether to run in the 2028 US presidential election, but said he "might have to run" if he receives support from billionaire John Catsimatidis.
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 (BTC) short-term holder (STH) whales have reached a record level of unrealized profit, raising concerns that increased profit-taking could put pressure on the market during its current consolidation phase.
Short-term holder whales hit highest unrealized profit levels on recordShort-term holder whale unrealized profit reached $9.07 billion on September 4, marking the highest level recorded in the metric’s history dating back to 2016, according to CryptoQuant contributor IT Tech on Monday.
Although the figure fell to $7.51 billion on Saturday as Bitcoin’s price moved slightly lower, it remains among the five highest ever recorded, with all five occurring over the past two weeks.
“Unrealized profit at that scale is exposure. A cohort sitting on a record paper gain can turn into sellers the moment price wobbles,” the report stated.
IT Tech noted that short-term holder whales have historically been quick to take profits when opportunities emerge. As a result, the record level of unrealized gains could become a source of selling pressure if Bitcoin pulls back further.
“The cost basis structure argues the floor under this rally is real, but the unrealized gain sitting on top of it argues that the same floor is now being tested by its own success,” IT Tech added.
Bitcoin long-term holder on-chain activity surgesWhile whale profitability points to a potential source of downside pressure, separate on-chain data shows that long-term Bitcoin holders have also become more active during the recent consolidation.
CryptoQuant contributor Darkfost stated that activity among Bitcoin holders who have held for more than five years has increased, as the 90-day moving average of spent transaction outputs (STXOs) from this group climbed to 1,500 BTC.
According to Darkfost, the increase indicates that this group of long-term holders has been moving more Bitcoin over the past three months. The rise is notable compared with May, when these long-term holders were spending an average of roughly half that amount through their UTXOs.
“This consolidation period seems to have introduced some doubt across nearly every type of investor,” Darkfost noted.
However, the contributor cautioned against interpreting the increase in spent UTXOs as evidence that OG holders are necessarily selling.
“These movements certainly weren’t all sales. It’s possible that some of these investors moved their BTC to secure it,” Darkfost stated.
Darkfost also highlighted the recent Coldcard episode as one possible reason investors moved their holdings to more secure storage.
Bitcoin is trading at $79,300, down 1.2% in the past 24 hours at the time of writing.
Bitcoin remained steady near $79,000 as strong exchange-traded fund (ETF) inflows continued to provide support, with traders closely monitoring the key resistance area at $80,000.
Bitcoin price trades above key averagesAt last check, Bitcoin was trading at $78,788.45, reflecting a 1.93% dip compared to the previous trading day. Despite this short-term weakness, the price remains well above major exponential moving averages (EMAs), signaling ongoing buying activity.
TradingView data show Bitcoin consistently trading above the 20-day, 50-day, 100-day, and 200-day EMAs. As of the latest reading, the 20-day EMA is at $76,715.73, the 50-day EMA at $72,047.78, the 100-day EMA at $70,254.03, and the 200-day EMA at $72,739.62.
Near-term resistance sits at $80,000, while bulls are likely to focus on the $82,500 level if Bitcoin breaks above that threshold. The ongoing bullish structure points to continued upward momentum as long as these moving averages hold as support.
The 14-day relative strength index (RSI) for Bitcoin stands at 61.50, comfortably below the overbought zone. While the RSI has cooled from recent highs, it remains above 50, indicating positive momentum despite the period of consolidation.
ETF inflows provide demand supportPlatform Lookonchain reported net inflows of 2,038 BTC into Bitcoin ETFs in the last 24 hours, representing an influx of $161.83 million. Over the past seven days, net inflows reached 11,093 BTC, or approximately $880.76 million.
With Bitcoin trading just below $80,000, these substantial ETF inflows have helped absorb selling and reinforce price stability near critical resistance levels.
SoSoValue, a leading analytics provider, recorded Bitcoin spot ETF flows of $174.60 million on September 4. Total net assets reached $101.25 billion, with cumulative net flows now standing at $55.62 billion.
Both Lookonchain and SoSoValue reflect robust and consistent demand for Bitcoin ETFs, even as the cryptocurrency approaches a major technical barrier.
Mini dictionary: SoSoValue, a data analytics platform focused on ETFs and crypto markets, reports on institutional inflows and market metrics for major cryptocurrencies worldwide.
Date/PeriodETF Net Inflows (BTC)ETF Net Inflows (USD)Aggregate ETF Assets (USD)24h2,038$161.83M–7 days11,093$880.76M–Sept 4–$174.60M$101.25BCumulative––$55.62B (net flows)Derivatives activity and technical outlookAccording to CoinGlass, open interest in Bitcoin derivatives sits around $53 billion, supported by recent surges in trading volume. This increase suggests high levels of speculative positioning and points to elevated market activity across futures and options.
Traders are watching the $80,000 price level as essential for confirming further upside. Immediate support sits near the 20-day EMA of $76,715, while a fall below this could open the door for a retest of the $72,739 region.
Despite some short-term drawdown, Bitcoin’s overall technical structure remains positive, buoyed by ongoing ETF demand and solid institutional interest. However, volatility could rise if price action breaks key technical levels.
Bitcoin continues to attract ETF inflows and remains above its primary moving averages, setting $80,000 as the main resistance zone and $76,715 as the nearest support.
According to official announcements, Bithumb, South Korea's second-largest cryptocurrency exchange, will list Cluster Protocol (CP).
2 minutes ago
No.1 account on the FOMO Daily Ranking once suffered a loss of $2.695 million, and turned a profit by holding a heavy position in STONK.
Data shows that Point Farm Capital, the top-ranked account on the FOMO platform’s daily leaderboard, currently holds approximately $9.8248 million in assets, with a paper gain of around $713,900 over the past 24 hours. Notably, its path to this paper gain was not smooth: records indicate the account once posted a paper loss of $2.695 million within the 24-hour window, but eventually turned a profit thanks to a sharp rally in STONK, pushing it to the top of the daily leaderboard. According to GMGN data, STONK has just hit an all-time high market cap of $190 million, with a 24-hour price increase of 50% and a 24-hour trading volume of $69.5 million. Data shows that STONK is the token generating the largest unrealized profit in Point Farm Capital’s portfolio, with a holding value of roughly $7.1898 million, cumulative unrealized profit of about $6.7478 million, and a return of approximately 1357.59%. The account’s average entry cost is around $1.3 million, while STONK’s current market cap stands at $176 million.
2 minutes ago
Driven by expectations of a rate hike by the Bank of Japan, the Japanese yen rose to a six-month high against the US dollar.
Boosted by expectations of faster interest rate hikes from the Bank of Japan and potential capital inflows into Japanese assets, the yen has extended its recent rally against the U.S. dollar. During Tuesday’s Asian trading session, the yen rose to a six-month high against the U.S. dollar, surpassing levels hit in late July when the U.S. and Japan intervened jointly in the foreign exchange market to curb the yen’s weakness. After Japanese Finance Minister Katsunobu Kato stated Japan will continue coordinating with the U.S. to ensure market stability, investors remain alert to the possibility of further intervention. Kato said at a Tuesday press conference: “We will maintain close communication with the U.S. Treasury and strive to preserve order in the foreign exchange market. Since the joint currency intervention with the U.S., our policy stance has not changed at all.” Christopher Wong, foreign exchange strategist at Oversea-Chinese Banking Corporation (OCBC) Research Department, noted: “The market has now almost fully priced in a 25-basis-point interest rate hike at next week’s Bank of Japan meeting. Remarks from economic advisor Sanae Takaichi have also driven a shift in rate expectations, with her projecting further tightening after a September rate hike.” (Source: Jin10)
2 minutes ago
H100 rental rates surge 22% in a month, Jensen Huang: GPUs are revenue-generating assets
Beating AI Express (from Dongcha) – NVIDIA CEO Jensen Huang shared data from compute power marketplace Ornn. Ornn noted that the H100, a training GPU released years ago, has seen its rental price surge by 22% over the past month, reaching a new high of $3.28 per unit per hour. Huang used this to emphasize that NVIDIA’s compute power can be continuously rented out for profit, serving as a revenue-generating asset. Ornn’s H100 Index is calculated based on actual rental transaction prices. Its daily settlement price on September 7 stood at $3.17 per hour, and Ornn’s latest displayed price has since climbed to $3.28. This data directly supports the "compute power durability" logic that Huang has repeatedly highlighted recently. NVIDIA also stated in its latest earnings call that GPUs can be redeployed across different clients and workloads.
2 minutes ago
Upbit will list Cluster Protocol (CP)
According to official announcements, Upbit will list Cluster Protocol (CP), supporting trading pairs against KRW, BTC, and USDT.
2 minutes ago
News of CP’s listing on Upbit drove the cryptocurrency CP to surge more than 50% in a short period.
According to market data, driven by CP’s listing on Upbit, South Korea’s largest cryptocurrency exchange, the token saw a short-term surge of over 50% and is now trading at $0.0256.
An attacker who withdrew roughly 4,000 BTC, worth about $320 million at the time, from Blockstream's Liquid Network federation wallet on September 6 has returned 3,400 BTC of it after the company patched the underlying bug, according to Blockstream's official status page. The attacker kept 598.5 BTC, worth about $47 million at current prices, or roughly 15% of the total.
Following the recent incident affecting the Liquid Network and the movement of funds, Blockstream, as Liquid’s technical provider, and the Liquid Federation have been working diligently to resolve the ongoing situation and ensure the return of assets.
Updated software has been…
— Blockstream (@Blockstream) September 8, 2026 The withdrawal went through SideSwap's Peg-out Authorization Key, one of several keys federation members hold to move funds off the sidechain. Blockstream said on its status page that the key itself "was not compromised, nor were any others," meaning the attacker did not steal a private key but instead exploited a flaw in how Liquid's federation validated peg-out requests, letting 11 of the required signatures push through a transaction that should have needed stronger checks. Other assets on Liquid, including USDT, DePix and various real-world-asset tokens, were unaffected.
Blockstream disabled its public bridge nodes within hours, pausing the sidechain and prompting exchanges to suspend LBTC deposits and withdrawals while federation members investigated. The attacker communicated through OP_RETURN messages embedded in Bitcoin transactions, first writing "we are whitehats. contact us on chain," according to on-chain messages reported by The Block. In one exchange, the attacker offered to send back "most" of the funds on condition that Blockstream fix the bug and patch every node first. Blockstream agreed, replying: "Please fix the bug first. The chain is under risk at latest commit right now. Make sure every node is patched. Then we will transfer the money back safely after confirming the fix."
On September 7 at 09:19:46 UTC, Blockstream posted a PGP-signed message confirming its bridge nodes were patched and it was "safe to return the funds." The attacker sent back 3,400 BTC shortly after.
The root cause traces to a validation bug in Elements, the open-source Bitcoin fork Blockstream maintains and that underpins Liquid's sidechain software, according to reporting from Protos. A commit posted to the Elements repository on September 1, five days before the incident, addressed a case where "a dynafed header with a mismatched height could be accepted," though Blockstream has not confirmed this specific commit was the vulnerability exploited. Reporting on the incident has also noted that Liquid's functionary codebase, the software federation members run to process peg-ins and peg-outs, had not been updated in more than two years before the exploit.
Blockstream has not said when it expects to fully restore normal Liquid Network operations, and the 598.5 BTC retained by the attacker remains unaccounted for beyond speculation, reported by CryptoTimes, that it may function as an informal bounty.
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.
According to TradingBeats monitoring, the largest whale on Hyperliquid tracked earlier—an address starting with 0xf517—has adjusted its previously set BTC dip-buying plan. On September 2, the address placed three tiers of buy orders totaling approximately $76.88 million at $71,111 to $75,777, with a plan to purchase $76 million worth of BTC; above that, it had set a $70 million-level take-profit grid. However, BTC rallied immediately afterward, leaving none of the three buy orders filled, and all were canceled on September 4. Now, the whale has significantly shifted its entry point higher: it currently holds only one concentrated buy order for 956.85 BTC at $77,888, worth approximately $74.527 million. Compared to its previous highest entry price of $75,777, this is an increase of roughly $2,111, or 2.8%; at current BTC prices, a pullback of just around 1.4% would trigger the order. During the period of missing out on position expansion, the whale also partially realized gains from its original positions. It has taken a total profit of 28.05 BTC, generating approximately $64,000 in profit, and its current holdings have dropped to 78.31 BTC, a reduction of about 26.4%. However, its original upper take-profit plan remains unchanged: there is still a roughly $6.96 million "position-reduction only" sell order at $88,888, and 163 regular sell orders worth approximately $70.32 million between $84,509 and $108,720. Earlier report: A BTC whale pre-placed a $158 million large order to prepare for "bull market conditions", projecting BTC to rally all the way to $100,000.
Finance expert Jake Claver recently highlighted the story of Matthew Mellon, an American banking heir, who passed away while holding approximately $500 million in XRP. The private keys to this substantial holding were registered to devices under other individuals’ names. Mellon’s will did not reference any digital assets, making it difficult for his estate to locate and reclaim the cryptocurrency.
The challenge of digital asset inheritanceUnlike traditional financial assets, such as brokerage or bank accounts that rely on custodians and designated beneficiaries, digital assets like cryptocurrency exist outside these structures. Without explicit legal documentation or accessible keys, even significant holdings can remain locked away from heirs.
Experts point to the Mellon case as evidence of what can happen when proper legal planning is absent. His estate struggled for three years before successfully recovering the XRP. The situation underscores the limitations of conventional wills when digital assets are not directly mentioned or properly prepared for.
Matthew Mellon died holding about $500 million in XRP. The private keys sat on devices registered in other people’s names, and his will omitted any mention of cryptocurrency, causing a recovery process that took three years. Estate documents are only as useful as the details and access they provide.
Jake Claver argues that unless a will or trust explicitly details how to access digital assets, the estate may only serve as a template for unreachable assets, particularly in crypto.
Estate planning for cryptocurrency holdersClaver advises individuals with substantial crypto holdings to update estate documents to specifically reference these assets. A will that ignores digital currencies cannot direct executors to retrieve them. Legal professionals experienced with digital asset legislation are strongly recommended for drafting such documents.
Another crucial consideration is the arrangement of private key access. Whether this is managed through a trusted digital custodian, a multi-signature wallet, or secured instructions held by an attorney, the structure must allow key recovery for successors.
Mini dictionary: Multi-signature wallet, a type of wallet that requires multiple approvals (private key signatures) before a transaction can be completed, adding a layer of security and facilitating shared access or inheritance planning.
Community reactions and alternate solutionsMembers of the XRP community responded by suggesting the use of trusts or LLCs to safeguard digital assets. A living trust can directly own and transfer cryptocurrencies, bypassing probate—the court process that can complicate recovery if assets are not properly registered or are held pseudonymously.
For example, community members mentioned forming a Wyoming LLC as an additional protective step, though expert advice highlights the need for a comprehensive legal strategy and supporting documentation to ensure effective transfer to beneficiaries.
Urgency for proactive planningMany digital asset holders postpone estate planning or legal preparations, but the Mellon example demonstrates the importance of acting while still able. Once an owner becomes unable to direct access or update instructions, even immense wealth may be out of reach for heirs unless proper measures have been put in place.
Legal experts and financial advisors urge individuals with substantial cryptocurrency assets to update estate plans, leverage secure key management systems, and consult with professionals well-versed in cryptocurrency law to prevent lengthy and costly asset recovery processes.
XRP, one of the most followed altcoins in the cryptocurrency market, experienced a rise in the futures market, according to the data.
According to CryptoQuant data, trading volume in the XRP futures market reached its highest level in six months in August. This increase, marking the strongest activity since February, indicates a renewed strengthening of liquidity and investor interest in the derivatives markets.
According to the data, Binance ranked first in XRP futures trading volume in August with approximately $37 billion. Bybit came in second with approximately $14.54 billion, while OKX saw around $12.88 billion in trading. Thus, the total XRP futures trading volume across these three exchanges alone exceeded $64.6 billion during the month.
CryptoQuant stated that this rise indicates a resurgence in activity within the XRP derivatives market, which had been trading at lower levels for some time. Increased participation in futures contracts suggests that investors are turning to the market more intensely to profit from price movements and volatility in XRP.
The increase in futures trading volume coinciding with the improvement in XRP’s price performance in August was also considered one of the factors supporting the influx of additional liquidity into the derivatives market.
However, CryptoQuant noted that the strong increase in futures trading volume alone does not necessarily mean that prices will move upwards. Since high volume can stem from an increase in both long and short positions, price movements, funding rates, and open interest size should be monitored together to understand the direction of new liquidity.
*This is not investment advice.
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Crypto analyst JD, active under the handle @jaydee_757, has released a fresh technical outlook for XRP using a long-term chart of the XRP/USD pair spanning from 2014 through to a projected 2028 cycle. His analysis centers on the Gaussian Channel, a technical indicator he described as one of the clearest price signals in XRP’s trading history.
The Gaussian Channel as a SignalJD’s chart applies the Gaussian Channel, a tool that segments price action into three distinct zones: below the channel, within the channel, and above the channel. According to his interpretation, XRP trading below the channel indicates a favorable buy zone. When price sits inside the channel, it is typically a holding scenario. A price breakout above the channel signals potential for a strong upward move.
JD asserted, “Historically, below channel equals buy, inside channel equals hold, and above channel signals a breakout.” He indicated that XRP is currently in the buy zone, expecting the next cycle top to occur after a confirmed breakout.
JD highlights that the Gaussian Channel has consistently offered clear entry and exit points in each XRP cycle since 2014, positioning its current price below the lower band as a significant buy signal.
JD’s analysis has developed a large following within crypto circles, particularly among traders focused on technical indicators and long-term cycle mapping.
Mini dictionary: Gaussian Channel, a technical analysis tool that uses moving averages and standard deviations to highlight trends, reversals, and key price bands on a chart. It often helps traders identify buy and sell signals over time.
Historical Price Cycles and BreakoutsEach major XRP cycle since 2014 has demonstrated a similar sequence on JD’s chart. In 2017, XRP broke above the Gaussian Channel and reached $3. Another breakout occurred in 2021, peaking at $1.96. Most recently, a strong rally in late 2024 saw XRP once again move above the channel, resulting in a surge of over 500%.
This move brought XRP to a new all-time high of $3.65 in July 2025, before a subsequent pullback placed the price below the channel’s lower edge. JD’s data suggests every cycle has followed a pattern of dropping below the channel, consolidating, and then staging a sharp rally.
YearXRP All-Time HighBreakout Event2017$3.00Above channel2021$1.96Above channel2025$3.65Above channel, new ATHCurrent Price Action and OutlookAs of JD’s latest update, XRP was trading at $1.41. This places the coin below the current Gaussian Channel’s lower band of $1.50422. The indicator’s remaining values for the present period are 1.92574 and 2.34726.
JD’s interpretation sees this pullback as a new buying window, following the previous breakout. He considers $1.41 to be a potential secondary entry, supporting the case for another major move expected to unfold into 2026, with a projected peak by 2028.
Observers emphasize that while XRP experienced a significant rally above the channel in 2025, the current retracement below the lower band may represent a renewed accumulation opportunity based on historical Gaussian Channel performance.
The Gaussian Channel has mapped previous critical buy and top signals with notable consistency, reinforcing its role in JD’s strategy. Following a short entry inside the channel during a rapid price surge in late August, XRP quickly retraced, reaffirming the indicator’s current buy signal. JD expects significant gains to return once price momentum carries XRP back above the channel’s upper limit.
7 September 2026 | 23:45 The XRP Ledger could activate the fixCleanup3_3_0 amendment around September 11, provided validator support stays above the required threshold for the full voting period.
Key Takeaways The amendment bundles maintenance and safety fixes. Vaults, AMMs and permissioned trading are affected. It does not activate native XRP lending. The update is not a direct XRP catalyst. A maintenance update for existing XRPL features fixCleanup3_3_0 touches vaults, lending-related transactions and automated market makers, but it is not a new product launch. It bundles fixes for edge cases in existing XRPL code, intended to make those features operate more reliably.
For XRP holders, the amendment does not introduce a new use case or create automatic demand for the token – it corrects identified issues in transaction handling before these features see wider use.
Why the September 11 date is not final The code must be available in supported server software before validators can vote to enable it. XRPL amendments then require at least 80% support from trusted validators for two consecutive weeks before activation.
The waiting period gives operators time to review the change and confirm that the network has sustained support for it. The current voting position points to September 11, but that date will move if support drops below the threshold before the period ends.
The live vote and projected activation date are available on the XRPScan amendment tracker. The amendment process applies the new transaction rules across the network only after the required consensus is reached.
What fixCleanup3_3_0 changes Areas covered by the amendment
Area What the fixes address Vaults and lending-related code Transfer, precision and pseudo-account edge cases in related transaction paths. Automated market makers A defined withdrawal failure, precision checks and protection against invalid AMM deletion. Permissioned trading Removal of hybrid offers after access is lost and corrected AMM liquidity quality estimates. Checks and accounts Early rejection of malformed Check IDs and improved pseudo-account cleanup. The technical details are set out in the official fixCleanup3_3_0 amendment notes.
Why the technical details matter One group of fixes applies the same freeze and deep-freeze checks when restricted assets move through vault, AMM and lending-related transaction paths. A pseudo-account is a ledger-controlled address used by a protocol feature, rather than a normal user wallet.
Other changes concern AMM operations. The amendment makes an affected AMM withdrawal return a defined transaction result instead of risking an internal exception, while adding checks around precision loss and deletion.
The amendment also changes how permissioned markets handle access and liquidity estimates. It removes certain hybrid offers when an account loses access to a permissioned domain and corrects how AMM liquidity is considered in quality estimates for permissioned order books.
Most XRP holders will not notice the update in a wallet interface. It matters more to applications using AMMs, vaults or permissioned markets, where transaction failures and incorrect liquidity calculations can affect execution.
Why lending is part of the conversation Some of the fixes cover Single Asset Vaults and lending-related transaction flows. These are also building blocks for XRPL’s proposed native lending design, which would use vaults and loan brokers to support fixed-term loans.
The amendment does not activate native lending, which would require its own amendment and separate validator approval. Its role is narrower: it cleans up infrastructure that future lending products may use.
What to watch after activation The first question is whether validator support holds long enough for the amendment to activate. After that, the practical measure is whether applications using the affected transaction types report fewer failed or inconsistent outcomes.
Broader use of vault-based products, AMMs and permissioned-market tools would be a stronger sign that the corrected infrastructure is proving useful. The amendment’s importance will show in how reliably these features work as developers and users adopt them.
This article is for informational purposes only and does not constitute financial advice.
Author
Alex is Editor-in-Chief of Coindoo and co-founder of Millennial Media Group, with nearly a decade of experience covering financial markets - crypto first, then everything else. It started in 2016 with Bitcoin. Like most people at the time, he didn't fully understand it - so he kept digging. Blockchain, tokenomics, the projects, the cycles. That curiosity never stopped, and eventually pulled him into traditional markets too: equities, commodities, macro. Not because he left crypto behind, but because you can't properly understand one without the other. What drives him is straightforward: he wants to know why something is happening, not just that it's happening. Most market coverage stops at the headline - price up, price down, here's a chart. Alex finds that kind of reporting actively unhelpful. If you walk away from an article without understanding the mechanism behind the move, what did you actually learn? He holds a degree in Tourism from New Bulgarian University - not the most obvious path into financial markets, but markets have a way of pulling in people who are simply too curious to stay out. He has authored over 200 in-depth analyses and more than 10,000 articles across crypto and traditional finance. He still thinks every day in markets teaches him something new. That's probably why he hasn't stopped.
Bitcoin held near the $80,000 level on Monday having briefly surpassed the threshold a day ago. Amid the strong resilience, investors turned their attention to the U.S. Treasury’s debt buyback operations which could provide fuel for financial markets.
Bitcoin, Crypto Market Could Turn Bullish Amid Treasury Buybacks As of writing, Bitcoin was trading around $79,800 while the overall crypto market remained solid after rallying in August. The traders are now focusing on macro-economic updates, such as the rising oil price, the climbing Treasury yields and the growing buyback program by the Treasury. In addition, the upcoming U.S. CPI and PPI inflation data is under radar.
“With oil prices and Treasury yields rising amid geopolitical tensions, macro conditions remain a key risk for digital assets. For now, markets appear to be digesting August’s strong gains rather than entering a broad-based risk-off phase,” remarked Riya Sehgal, Research Analyst at Delta Exchange, according to MoneyControl.
The U.S. Treasury’s most recent quarterly schedule specifies liquidity support buybacks through early November with a combined maximum purchase of approximately $22.75 billion for various operations.
It includes the Treasury’s securities from the short-term bills market to long-dated bonds, and several of the operations are for up to $4 billion, following recently, when the Treasury doubled the size of some long-end operations to boost liquidity. The buyback schedule includes:
September 9, 2026: Cash Management Buyback (1M–2Y Nominal Coupons), up to $12.5 billion September 10, 2026: Liquidity Support (10Y–20Y Nominal Coupons), up to $2 billion September 15, 2026: Liquidity Support (10Y–30Y TIPS), up to $500 million September 17, 2026: Liquidity Support (7Y–10Y Nominal Coupons), up to $4 billion September 24, 2026: Liquidity Support (20Y–30Y Nominal Coupons), up to $2 billion September 29, 2026: Liquidity Support (1Y–10Y TIPS), up to $750 million Treasury buybacks, however, do not entail printing new money as does quantitative easing. Instead, the government buys more old bonds that are not as liquid from the market, thus giving back the money to the investors and enhancing the trading conditions in the Treasury market. The liquidity injection boosts risk assets, generating a lot of interest from crypto market participants.
XRP Joins the Bullish Narrative The positive liquidity conditions also boost the mood of the key altcoins, including XRP. An analyst on X wrote, “XRP looks amazing. The $2.30 level could come sooner than expected. Multiple formations and technical setups are perfectly pointing toward the same target.”
XRP price chart analysis. Source: X The chart above illustrates that XRP is breaking out of a long-term downward trendline that it had been trading within for many months. The token had rebounded from a support area around $0.99, find its way above the $1.45 mark and is currently trying to make that $1.45 area its next level of support.
The analyst anticipates a short term consolidation period followed by a breakout with the chart indicating the $2.33 level, which is approximately a 54% advance from current levels.
Institutional Demand Remains Strong In the midst of the market’s volatility, Bitcoin is still gaining institutional backing. Despite Friday’s $201.9 million outflow, U.S. spot Bitcoin ETFs had $924.48 million in net inflows for the latest completed week. Over the same timeframe, spot Ethereum ETFs saw a whopping $824.42 million flow.
“Historically, strong August gains have often been followed by September pullbacks. However, Strategy’s purchase of 4,603 BTC worth $370 million has provided support,” stated Prateek Gupta, Head of Business at Mudrex.
Crypto analysts believe that XRP price is poised to move in a parabolic fashion, even if the CLARITY Act does not moving forward in the U.S. Senate. Popular analysts noted that the current weekly price action of XRP resembles the prior chart patterns that preceded the 2014 and 2017 explosive rallies of XRP. The forecast comes as uncertainty grows around the crypto market structure bill ahead of the Senate’s Sept. 15 cloture vote.
Analyst Says XRP Price Is Repeating Its Historic “Jumping Pattern” Amid weeks of consolidation, crypto analyst Dark Defender posted a weekly chart for XRP price on X that displayed the token’s value above multiple long-term Exponential Moving Averages. The chart shows that the present structure is similar to two previous periods which were followed by a significant breakout.
XRP price chart analysis. Source: Dark Defender | X The analyst wrote, “Whether or not they pass the Clarity, XRP is ready and mimicking the 2017 and 2014 Exponential Moving Average Jumping Patterns.”
The XRP price chart displays each historical breakout as a “Jumping Pattern. It also reveals the Ichimoku Cloud level, which many traders consider to be a long-term resistance level, are being attempted by XRP.
Another item on the chart is called “The Frog Leap.” It is pointing to a potential target around $18.23, and anticipates further Fibonacci extension levels for XRP in advance of that. The change from current prices to the target is actually about a 1201% increase. However, it shows a 361.80% surge for this level on the chart is most likely an error.
Dark Defender added, “The Frog Leap for an all-time high is closer than you can ever imagine.” Meanwhile, over $22 billion in U.S. Treasury buybacks is also expected to help a bullish turn for XRP price and the overall crypto market.
Mariotti, Lummis Weigh In As CLARITY Act Faces Crucial Vote The bullish sentiment around XRP price comes in contrast to the growing uncertainty regarding the CLARITY Act. Mariotti, a former federal prosecutor, said he spoke with lawmakers and congressional staff in Washington and he believes the bill has lost momentum.
He revealed, “CLARITY is dead. Congress is entering a post-CLARITY era.”
Meanwhile, Sen. Cynthia Lummis kept pushing for the approval of the crypto bill by the end of the current Congress. She warned, “If the Clarity Act doesn’t pass this Congress, the next real opportunity to bring market structure legislation back up is 2030. That’s years of jobs, investment, and tax revenue we can avoid squandering if we finish this now.”
A cloture motion is set for Sept. on the Senate floor. 15. A roll call vote to start debate on the legislation is deemed to be a procedural vote. For this, it needs 60 votes to advance the crypto bill. Republicans are holding 53 seats, which means the motion would require 7 or more Democrats to support it for the bill to pass.
