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

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

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

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

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

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

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

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

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

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

"Mini non-farm payrolls" came in below expectations

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

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

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

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

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

US Mint to begin selling 2026 Trump portrait $1 coins

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

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

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

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

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

Coinbase launches regulated crypto and commodity derivatives contracts in Canada

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Kraken parent Payward postpones IPO to as early as Q2 2027

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Read Next

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

XRP is working to stabilize following a sharp retreat from its recent highs, as trader attention focuses on a crucial support band. The token climbed 71.8% from $0.988 to $1.698, but has since lost about 20% of its value, consolidating around a heavily traded range that will help determine whether the next move brings a push toward $2.

Critical Support Levels and On-Chain DataAnalyst Ali Martinez, widely followed for his technical and on-chain research, has identified the $1.31 to $1.38 band as the main level to watch. This zone is supported by significant trading activity: more than 4.8 billion XRP were acquired within this range, creating a large group of holders now sitting at or near their cost basis. The zone acts as a buffer against further declines but could just as easily flip to resistance if breached.

Martinez highlighted that earlier data mapped 3.2 billion XRP changing hands between $1.35 and $1.38. With an expanded view, the size of this cluster underlines the importance of the support. If it gives way, these holders could become sellers, adding to downward pressure.

More than 4.8 billion XRP were previously acquired between $1.31 and $1.38, creating a critical support cluster that is determining near-term price action.

Overhead resistance is also densely populated. Key “liquidity shelves” for XRP appear at $1.60 (with 1.99 billion XRP), $1.68 (1.98 billion XRP), and $1.86 (3.47 billion XRP). Martinez suggests that a clean move above $1.86 could open the path toward $2.19, based on another concentration of 3.12 billion XRP acquired at that level, making $2 only an intermediate milestone rather than the immediate target.

Price LevelXRP Volume Acquired$1.31-$1.38 (Support)4.8 billion$1.60 (Resistance)1.99 billion$1.68 (Resistance)1.98 billion$1.86 (Major Resistance)3.47 billion$2.19 (Upper Target)3.12 billionETF Inflows and Short-Term Price TriggersSupporting demand has emerged from U.S. spot XRP exchange-traded funds (ETFs), which attracted $105 million in inflows last week, equal to about 73.2 million XRP. This institutional buying came while XRP was still in correction, highlighting strong interest in regulated crypto investment products.

These ETF flows have not yet translated into consistent price gains for XRP, and analysts continue to scrutinize whether the sustained demand will eventually fuel a breakout. Uncertainty prevails, with traders monitoring how ETF-driven buying might interact with technical resistance and the broader risk environment, particularly as Bitcoin struggles below $80,000.

On lower timeframes, XRP’s hourly chart is forming a bullish flag pattern, which traders interpret as a potential precursor to a breakout. For Martinez, an hourly close above $1.38 would confirm this pattern’s resolution and shift attention back to the $2 target.

Until the hourly chart prints a close above $1.38, the recovery remains fragile and the push for $2 must wait for confirmation.

If bulls fail to hold the $1.31 support, the prospect of reclaiming $2 will likely be postponed, and the recent advance could continue to unravel.

XRP is the native token of the Ripple network, a blockchain-based system designed to facilitate fast, low-cost international payments.

Mini dictionary: ETF (Exchange-Traded Fund), a regulated investment fund that tracks the price of an asset (such as XRP) and is traded on stock exchanges, allowing larger investors to gain exposure to crypto without buying the underlying tokens directly.

BIS Uses XRP Ledger to Verify Statistical DataThe Bank for International Settlements (@BIS_org) has published a working paper this month describing a system that uses the XRP Ledger (@XRPLF) to anchor cryptographic fingerprints of official statistical datasets. The goal is to give data consumers a way to verify that published figures have not been altered after release, using the ledger as a tamper-evident record.

The project is developed as an open source initiative in collaboration with German financial consultancy d-fine. Rather than storing data on-chain directly, the system writes a cryptographic hash of each dataset to the XRP Ledger, allowing any third party to independently confirm whether a published dataset matches its on-chain fingerprint.

DevNet Deployment and ArchitectureThe paper reports that the current implementation runs on the XRP Ledger Foundation's DevNet rather than the main network, and the authors are clear that this is a proof of concept rather than a hardened production system. In testing, the system recorded publication latencies of three to five seconds, which is consistent with the XRP Ledger's typical transaction finality window.

One notable design choice is the use of a gateway layer that sits between the application and the ledger. That abstraction is intended to make migration to other chains technically straightforward, keeping the architecture flexible rather than tightly coupled to any single network.

The paper adds to a broader pattern of institutional interest in the XRP Ledger as infrastructure for regulated use cases. The ledger's compatibility with the ISO 20022 messaging standard and its open source governance have drawn attention from financial authorities looking at blockchain-based settlement and data integrity systems.

Sources:
Bank for International Settlements Working Papers
XRP Ledger (XRPL.org) official documentation

On September 1, 2026, cryptocurrency commentator Xaif (@Xaif_Crypto) claimed Ripple had sent 1 billion XRP back into escrow, citing three transactions: 300 million XRP, 500 million XRP, and 200 million XRP, all directed to Ripple-linked wallets. The announcement circulated widely, prompting immediate debate and scrutiny within the XRP community.

Breakdown of the September Escrow TransactionsRipple followed its established monthly protocol by releasing 1 billion XRP from escrow at the start of September, as dictated by a program introduced in 2017. The release happened in three tranches: 500 million XRP, 400 million XRP, and 100 million XRP, all enabled by time-based contracts on the XRP Ledger.

Historically, Ripple has re-locked between 600 million and 800 million XRP after each monthly unlock. This month, blockchain data revealed two confirmed escrow lock transactions: one for 500 million XRP and another for 200 million XRP, bringing the re-locked total to 700 million XRP. This pattern is consistent with Ripple’s customary escrow practices.

Although several analysts, including Chad Steingraber, amplified the claim that Ripple sent 1 billion XRP back into escrow, further review of the transactions and third-party monitoring platforms clarified only 700 million XRP were re-locked. The remaining 300 million XRP was handled differently.

Community Response and Transaction DetailsThe disputed transaction involved the 300 million XRP transfer directed to Ripple (1). Numerous community members, including Ben Smith, highlighted that this specific transfer was a payment rather than an escrow lock, mirroring similar transactions executed in previous months.

Screenshots shared online from the whale monitoring service Whale Alert displayed clear distinctions: of the three major outgoing transactions, only the 500 million XRP and 200 million XRP movements qualified as escrow locks, while the 300 million XRP was flagged as a payment.

Ben Smith pointed out evidence showing Ripple unlocked 1 billion XRP as usual, then re-locked 700 million XRP into escrow, with blockchain records treating the remaining 300 million XRP as an internal payment.

Recurring Debate Surrounding Ripple’s Escrow ProcessRipple’s monthly escrow cycle frequently prompts discussion among traders and analysts, especially concerning the volume of XRP returned to lockup and its potential market implications. Despite the routine nature of these transactions, speculation persists regarding the future use of unlocked tokens.

Some community members have previously questioned Ripple’s intentions, linking regular escrow releases to token sales or hypothesizing about undisclosed partnership deals. Notably, rumors have circulated about a potential multi-billion XRP partnership with a major corporation, although no extraordinary event transpired in this cycle.

Amid ongoing debate about market mechanisms and escrow transparency, broader trends in the financial industry are reshaping how investors engage with digital assets. While traditional markets depend on complicated intermediaries, platforms such as 1stepSwap are driving change by enabling users to hold tokenized shares of blue-chip U.S. companies and precious metals like gold and silver directly in crypto wallets. This shift is eliminating middlemen by tokenizing real-world assets and delivering the best available market prices within seconds.

For now, Ripple’s monthly unlock and relock procedures remain a closely followed event, with minor discrepancies in transaction interpretation continuing to spark lively discussion.

XRP continues to trade quietly after a recent surge, with crypto investor Mason Versluis urging investors not to overlook the coin’s next potential move. Versluis, a prominent voice in the cryptocurrency space, outlined his technical analysis in a recent video, focusing on price levels and patterns that could dictate XRP’s upcoming direction.

Key resistance and support levelsAccording to Versluis, XRP’s recent sharp rally resulted in a price compression pattern on the chart, which he described as either a bull flag or a bull pennant. These formations, typically associated with trend continuation, suggest that further upward momentum may be possible if certain levels are breached.

He emphasized $1.43 as a crucial resistance point. If XRP manages to close one or two consecutive four-hour candles above this price, Versluis expects the coin to enter another leg higher. On the other end, he called $1.30 the most important support that needs to hold in the event of downward pressure.

His immediate price target stands at $2.10, based on projecting the height of the preceding rally onto the anticipated breakout from the current pattern. This level represents an estimated 56% increase from current prices.

Versluis underscored that a clear break above $1.43 with sustained momentum could set up a sharp move toward $2.10, aligning with his bullish outlook on XRP’s short-term potential.

Long-term breakout potentialTaking a broader perspective, Versluis pointed to the weekly chart, identifying the upper boundary of a falling wedge pattern near $3.68 as the next major target over the coming weeks. He noted that while the journey may not be immediate, XRP could be positioned to challenge its all-time high before the end of the year, should the technical setup hold.

He cited a clear breakout on the weekly timeframe as the catalyst that could signal a significant trend change for the asset. Versluis described this weekly rally as an indication that the prolonged bearish phase, which began in July 2025, might be coming to an end, paving the way for further gains.

The technical alignment on both the daily and weekly charts gives Versluis confidence that XRP holders could see “the beginning of a massive move higher,” provided key levels are maintained.

Market participation and opportunityVersluis observed a notable decline in retail participation following the spike to $1.70, suggesting that many individual investors exited the market during the recent volatility. He positioned this reduced attention as a potential advantage for those willing to remain engaged and monitor the unfolding setup.

The coordination between multiple timeframes, with a short-term target at $2.10 and a medium-term outlook towards $3.68, presents traders with a progression of milestones to watch. How XRP reacts to the $1.43 resistance in the coming sessions is seen as the first major test for this scenario.

Given the fast-paced environment of digital asset trading, where a single Federal Reserve action or an unexpected altcoin listing can trigger abrupt shifts, tracking critical price levels and pattern formations has become increasingly vital. In response, many market participants now utilize privacy-focused solutions like CryptoAppsy, which provide real-time charts, custom price alerts, news specific to individual coins, and important macroeconomic data in one interface, all without requiring account creation.

With muted retail activity and evolving technical signals, XRP holders and traders will be closely watching price action at these pivotal levels as the market awaits its next major move.

For many long-term XRP holders, waiting for market prices to rise has been a common strategy, however, the cryptocurrency market is highly volatile, and relying solely on price fluctuations for profit means facing market uncertainty.

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XRP experienced a steep price correction on the 22nd of August. Yet, despite that momentum, one trend has quietly continued beneath the sell-off. Ripple [XRP] tokens keep leaving the Binance exchange.

Since November 2025, the altcoin’s monthly reserves have fallen from 3.1 billion to 2.6 billion XRP. This decline removed roughly 500 million tokens.

Normally, a 63% retreat from $3.66 toward $1.35 could encourage holders to return tokens for selling. Instead, reserves kept trending lower through rebounds and retracements, while the monthly average reached its weakest level since February 2024.

Source: CryptoQuant Simply, that divergence in trends indicates that XRP holders are increasingly moving XRP from exchanges like Binance rather than returning it to an exchange. Despite this implying that holders show no intent of selling, it does not prove accumulation.

This is because custody changes and other Binance transfers can cause reserve balances to decline.

Still, fewer exchange-held tokens mean less XRP sits immediately available for sale. Yet, if withdrawals persist when demand improves, tightening exchange supply could strengthen XRP’s longer-term recovery.

Whale withdrawals dominate XRP outflows As XRP continued leaving Binance, August revealed another shift. Larger holders were increasingly responsible for the sudden trend shift. Notably, whale outflow dominance reached 84.25% on the 21st of August, while retail slipped to just 15%.

That 69.25-point gap nearly replicated March’s 84.6% whale peak. In other words, this simply showed that large-holder activity had returned to an extreme.

Moreover, whales generated 5.6 times retail outflows. This was up from 4.5 times that experienced in June.

Source: CryptoQuant This concentration matters because large transfers can reshape exchange liquidity faster than dispersed retail movements. Nevertheless, outflows cannot confirm whether whales are accumulating or simply relocating the tokens.

Meanwhile, with dominance now easing to 78.5%, sustained levels near 80% would indicate large holders remain the main force behind Binance withdrawals.

XRP tests key support as selling pressure persists Whale withdrawals may be reducing XRP on Binance, but price action shows that scarcity alone has not brought buyers back. XRP’s rally stalled near $1.56 before repeated lower highs dragged the price toward $1.35, keeping sellers firmly involved.

Source: TradingView At press time the altcoin was trading at $1.32. However, a break above the current bearish trend line would provide bulls with the first real opportunity to reverse recent losses.

If the bulls can successfully defend this area, it will create a basis from which XRP can build upon instead of just pausing before another leg lower.

However, weak volume shows buyers have not committed enough capital yet. A move through $1.42 would change that picture, opening $1.48–$1.50. Consequently, if the $1.3199 level breaks, bearish momentum could overwhelm reduced exchange supply

As a result, this would expose the $1.25–$1.28 zone, hence extending the correction and delaying any meaningful recovery.

Final Summary XRP Binance reserves fell 500 million tokens as whale withdrawals tightened exchange supply. XRP must hold $1.3199 and reclaim $1.42 to strengthen recovery prospects.

Ripple (XRP) and Stellar (XLM) show divergent technical outlooks as traders assess whether the recent weakness could give way to a recovery. XRP is finding support and defining a key support zone, while XLM slips below a cluster of Exponential Moving Averages (EMAs). However, improving derivatives metrics for both tokens suggest market positioning could be shifting toward a potential short-term rebound.

Derivatives metrics support a potential recoveryDerivatives data shows a mild bullish tilt among traders. CoinGlass’ long-to-short ratios for XRP and XLM read 1.15 and 1.09, respectively, on Thursday, nearing their highest levels in a month. A ratio above one indicates bullish sentiment, as traders bet asset prices will rise.

XRP long-to-short ratio chart. Source: Coinglass

XLM long-to-short ratio chart. Source: CoinglassIn addition, the XRP funding rate flipped positive on Saturday and read 0.0097% on Thursday, indicating that longs are paying shorts and reflecting a bullish bias. Similarly, the XLM funding rate flipped positive on Wednesday and read 0.0100% on Thursday, reflecting a bullish outlook.

XRP funding rates chart. Source: Coinglass

XLM funding rates chart. Source: CoinglassXRP technical outlook: Defends key 200-day EMAXRP price trades at $1.359 on Thursday, holding above the key EMAs, with the 200-day EMA at $1.350 and the 50-day and 100-day EMAs at $1.222 and $1.218, respectively, which collectively suggest a constructive near-term bias while price consolidates near recent highs. 

The Relative Strength Index (RSI) at 59 shows momentum cooling from prior overbought extremes but still leans mildly positive. In contrast, the Moving Average Convergence Divergence (MACD) has slipped into negative territory, hinting at a loss of upside traction rather than a completed bearish reversal as long as price remains supported above the 200-day EMA.

On the downside, immediate support is just below the market at the 200-day EMA around $1.350, with a stronger structural floor at the horizontal level of $1.300 before deeper demand emerges near the clustered 50-day and 100-day EMAs around $1.220 and, farther below, the $1.000 psychological zone.

On the topside, the next notable resistance does not appear until the horizontal barrier at $1.900, suggesting that if buyers can defend the $1.350–$1.300 band, the broader uptrend could resume toward that ceiling once momentum stabilizes.

XRP/USDT daily chartXLM technical outlook: Slips below key support zoneXLM trades at $0.1772 on Thursday, holding below a dense band of EMA resistance that keeps the near-term bias bearish. 

XLM price is capped first by a horizontal barrier at $0.1774, closely followed by the 50-day EMA at $0.1777 and the 100-day EMA at $0.1795, while the 200-day EMA sits higher at $0.1887, reinforcing the broader downtrend. 

The RSI at 49 sits near neutral, and the MACD has slipped slightly negative, suggesting waning upside momentum after the recent rally and favoring consolidation or a mild pullback while these overhead levels remain intact.

On the topside, immediate resistance sits at $0.1774, with the 50-day EMA at $0.1777 and the 100-day EMA at $0.1795 forming a tight cluster that XLM would need to clear to resume a push toward the 200-day EMA at $0.1887.

On the downside, the next notable support sits at the horizontal level of $0.1420, where buyers could reemerge if selling pressure extends. However, the lack of nearer structural floors leaves the pair vulnerable to sharper downside if current resistance continues to reject advances.

XLM/USDT daily chart(The technical analysis of this story was written with the help of an AI tool. Know more.)

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

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

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

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

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

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

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

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

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

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

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

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

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Table of contents

Coinbase launched regulated derivatives contracts for eligible Canadian traders on September 2, giving users access to crypto, commodity and index futures through Coinbase Financial Markets. The company announcement lists 23 perpetual and dated crypto futures, including contracts tied to Bitcoin, Ether and Solana. Coinbase said the rollout makes it the first major crypto-native platform to offer direct native crypto futures in Canada.

The initial lineup combines perpetual-style and dated contracts. Coinbase is also offering five commodity futures linked to markets including gold, silver and oil, plus index futures such as COIN50. Access is limited to customers who meet the platform’s eligibility requirements.

Coinbase describes the contracts as nano-sized, which reduces the capital needed for each position relative to larger contract formats. Eligible traders can take long or short positions with leverage of up to 10 times. That leverage can magnify losses as well as gains, and the company warns that futures trading may not suit every investor.

CFM Provides the Regulated Route The contracts are offered by Coinbase Financial Markets, a futures commission merchant registered with the U.S. Commodity Futures Trading Commission and a member of the National Futures Association. Coinbase previously secured U.S. authorization for crypto futures sales through its regulated broker, providing the structure now used for eligible Canadian customers.

Product Mix Extends Beyond Crypto Combining crypto, commodities and an index in one derivatives menu broadens the launch beyond directional bets on individual tokens. It also gives users several instruments for hedging, although the announcement does not say that every Canadian Coinbase customer will qualify. Availability depends on the platform’s assessment and product rules.

The rollout also builds on Coinbase’s wider derivatives infrastructure. Its futures business has previously worked with Nodal Clear to introduce USDC as collateral in U.S. futures markets.

Launch Pricing Comes With Risk Warnings Coinbase set introductory pricing at 0.02% per trade plus $0.11 per contract for eligible Canadian traders, describing the terms as temporary. The company did not specify an end date for the launch offer.

The announcement emphasizes that leverage can cause losses exceeding the initial investment. The launch therefore expands regulated product choice in Canada without removing the market, liquidation and leverage risks attached to derivatives. Traders must still pass Coinbase’s eligibility process before using the contracts.

AUTHOR

Tokoni Uti is a Lagos-based writer with several years of experience. Her work has appeared in the Huffington Post, the Los Angeles Free Press and the San Diego Free press among others. She is a graduate of Bowen University.

Binance Alpha Debut Lifts PONS to a Fresh All-Time High

Bitcoin ETFs posted a net inflow of $101 million yesterday, while Ethereum ETFs saw a net outflow of $48.2 million.

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

5 minutes ago

Is Kimi's $50 billion valuation overpriced? Its annual recurring revenue (ARR) exceeds $1.2 billion, matching that of Zhipu AI, and stands at nearly $2.5 billion, approaching MiniMax.

Beating AI Insight News Flash: Moonshot AI, the developer of Kimi Chat, is advancing toward a Hong Kong IPO, with its latest Pre-IPO round targeting a valuation of approximately $50 billion. This valuation may seem high, but when extrapolating from listed peers MiniMax and Zhipu AI, there is a clear revenue threshold Kimi needs to hit. Based on rough market cap calculations as of September 3, MiniMax has a total market cap of around $16 billion, with August annual recurring revenue (ARR) exceeding $800 million, translating to less than 20x ARR. Zhipu AI’s total market cap is roughly $66 billion, with August ARR of $1.6 billion, corresponding to about 41.25x ARR. If Kimi is valued at $50 billion, its valuation multiple will be lower than Zhipu’s as long as its ARR exceeds approximately $1.212 billion; hitting $2.5 billion in ARR would correspond to a 20x multiple, close to MiniMax’s level. Kimi’s last explicit ARR disclosure was $300 million in mid-June. After the K3 model launched in July, President Zhang Yutong stated that the enterprise ARR had seen "multiple-fold growth" and recorded its largest single-day increase in history. Bloomberg also reported that daily sales rose at least sixfold following K3’s release, but the company has not yet disclosed the absolute value of its latest ARR. Therefore, the key to judging whether the $50 billion valuation is reasonable now boils down to one figure: Kimi’s latest ARR after the K3 launch.

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US SEC Chair Again Urges Congress to Advance the CLARITY Act

U.S. SEC Chair Paul Atkins told Fox News in an interview that he hopes Congress will swiftly advance the CLARITY Act and send it to President Trump for signing. Meanwhile, the SEC is continuing to develop regulatory rules adapted to blockchain and crypto asset markets. The U.S. Senate has set September 15 as the key procedural vote date for the CLARITY Act, which requires 60 votes to move the bill forward to formal consideration. Even if legislative efforts continue to face obstacles, the SEC and CFTC plan to leverage their existing authorities to advance the crypto market regulatory framework.

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Predict.fun announces the launch of 15-minute up/down prediction markets for SPY/USDT and QQQ/USDT.

Prediction market platform Predict.fun has launched a new 15-minute up/down prediction market. Two markets—SPY/USDT and QQQ/USDT—are now live, allowing users to trade by predicting the future 15-minute price direction of the underlying assets. The new offering aims to provide users with a more high-frequency, flexible prediction experience. The market is open for participation now; welcome users to visit Predict.fun to try it out.

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Bitget has launched USDT-margined CP perpetual contracts.

Per an official announcement, Bitget has launched U-denominated CP perpetual contracts, supporting up to 20x maximum leverage. Contract trading bots will also be rolled out simultaneously. For more details, refer to Bitget’s official platform.

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Bessent: Iran Sanctions to Expand to Digital Assets, Aviation, and Shipping Sectors

US Treasury Secretary Scott Bessent stated at a Washington press conference yesterday that the Trump administration may designate digital assets, aviation and shipping sectors as new sanctions targets amid further pressure on Iran’s economy.

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The rising channel dates back to Dogecoin's earliest trading history, making its latest break more significant than a routine pullback.

Analyst Ali Martinez says the $15 Dogecoin target he has been tracking since the token’s early days is dead, now that DOGE has broken below the long-term rising channel the whole thesis was built on.

The call undoes months of bullish setups other analysts pointed to through August, from whale accumulation to a technical buy signal that had suggested a rally back toward that same structure.

The Channel That Defined the $15 Case Just Broke The channel in question is a rising parallel one that Martinez says has defined Dogecoin’s price action since inception. Every time the price touched its lower boundary, it marked what he calls a generational buying opportunity, pointing to gains of 9,221% in 2017 and 30,694% in 2020.

When DOGE returned to that support in February 2026, the setup pointed to the possibility of another historic run, with $15 as the projected target. Now that DOGE has broken below the boundary, Martinez says the move has removed “the technical foundation behind the $15 thesis.”

The OG meme coin was trading around $0.0806 at the time of writing, down about 6.6% for the week and 3% on the day, sitting just below the $0.0813 level several analysts had flagged earlier this month as the line to hold.

Against Bitcoin, the token is almost flat, down about half a percent, so this isn’t a case of DOGE lagging some broader market pullback so much as losing a level tied to its own chart. It also remains 89% below its all-time high of $0.7316, set in May 2021.

How the Bullish Case Built Up Through August The bullish case has been building for weeks. On August 15, Martinez pointed to a monthly TD Sequential buy signal alongside an inverted hammer and a developing doji candle, a combination he compared to a setup from August 2022 that preceded a 145% monthly rally.

You may also like: Mining Profits Dry Up Across Bitcoin, DOGE, LTC, and BCH Could Dogecoin (DOGE) Be Setting Up for Its Next Big Move? Analysts Think So ‘Dead Meme’ or Major Opportunity? DOGE Is Flashing The Same Signal That Preceded Its Biggest Rallies He also flagged whale wallets adding more than 430 million DOGE that week. As CryptoPotato reported, the meme coin had slumped below $0.07 days earlier, its lowest level in almost three years, with active addresses climbing from 38,000 in July to 44,000, and other analysts, including Crypto Patel, marking the $0.07 to $0.10 range as a long-term accumulation zone.

By late August, DOGE had rallied 30% in a week to near $0.09, clearing that $0.0813 level the market was watching. More aggressive traders went further still, with MikybullCrypto calling for $3 and Vuori Trading predicting $10, a target that would require Dogecoin’s market cap to top $1.5 trillion.

That rally has since faded, with DOGE back under the same resistance it broke through weeks earlier.

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After losing a significant amount of its late-August rally, Dogecoin is about to go through a crucial support test. At the moment, DOGE is trading at $0.0823, which puts the price right in the middle of a cluster of short-term technical support. The area between $0.080 and $0.082 is the most significant. 

Dogecoin buyers stay on the sidelinesThe 100-day EMA around $0.0816 and the short-term moving average near $0.0806 both converge in this area. The most recent candles for DOGE show buyers trying to protect it after the price dropped from its most recent peak of $0.095. The August breakout structure would remain intact if this support were maintained. 

DOGE/USDT Chart by TradingViewPrior to this, DOGE accelerated from about $0.070 and came very close to the 200-day EMA at about $0.0945. The strong rejection that the long-term moving average generated indicates that the overall trend has not yet entirely turned in favor of buyers. Momentum has significantly decreased. 

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After going into overbought territory, the RSI has dropped to about 55. This eliminates a portion of the rally's speculative excess without causing DOGE to enter a bearish trend just yet. The first recovery targets are $0.086 and $0.090 if $0.080 holds, and then another attempt is made at $0.094–$0.095. 

The medium-term structure would be significantly improved by a successful breakout above the 200-day EMA. Instead, losing $0.080 would reveal the 50-day EMA at $0.075, with $0.070 emerging as the subsequent significant support.

Hyperliquid stays strongTechnically speaking, Hyperliquid is still much stronger, with HYPE trading at about $84 following a strong breakout from the $58–$60 range. Instead of immediately retracing the rally, the asset has established a consolidation range close to its recent highs. The price has fluctuated between roughly $79 and $86 on several occasions, and buyers are still absorbing selling pressure around $80. 

HYPE/USDT Chart by TradingViewAdditionally, HYPE continues to have a very large lead over its major moving averages. The 50-day and 100-day averages are roughly $63.7 and $62.5, respectively, while the short-term average has increased to roughly $72.8. The 200-day EMA is still much lower, at about $55.

The trend's strength is confirmed by that separation, but it also raises the possibility of a retracement. Since the August breakout, HYPE has increased by over 40%, extending the market in relation to its underlying averages. The RSI moved well into overbought territory before cooling to about 69. 

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If HYPE keeps consolidating, momentum can normalize without necessitating a significant price correction, which is beneficial. The immediate barrier is still between $85 and $87. If this range were to be broken, $90 would be in play, and then the psychologically important $100 target. $80 is the first level to watch when conditions deteriorate. 

A deeper retracement toward $75 and the short-term EMA around $73 could result from losing it. However, the dominant structure is still bullish as long as HYPE stays above this level. 

Shiba Inu's stabilizationFollowing another volatile rejection, Shiba Inu is trying to stabilize above one of its most significant short-term technical zones. SHIB is currently trading at about $0.00000518, which places the token marginally above the $0.000005 level that has consistently dictated the recent price action's direction. 

SHIB/USDT Chart by TradingViewThe positive development is that SHIB has recovered the 100-day EMA around $0.00000498 and the short-term moving average around $0.00000501. Additionally, the price is upholding the rising support structure that was established by the August lows. 

A comparatively concentrated support area between roughly $0.0000049 and $0.0000050 is produced by these levels taken together. Holding it might enable SHIB to try again at $0.0000054–$0.0000055. But above that, the declining 200-day EMA currently sits at $0.0000057, where much stronger resistance emerges. 

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Although buyers were unable to sustain the breakout, SHIB's prior surge momentarily surpassed this average and reached about $0.0000062. The primary flaw in the current configuration is still that rejection. SHIB continues to trade below its 200-day EMA despite the recent rebound, indicating that the broader trend has not yet shifted into a confirmed bullish structure. 

Neutral momentum, as opposed to strong buying pressure, is also reflected in the RSI around 54. The recovery would be weakened by a break below $0.0000049, which could reopen $0.0000047, followed by the $0.0000044–$0.0000045 region. 

Bitcoin's key stabilization thresholdAfter its extraordinarily strong breakout from the $63,000–$65,000 range, Bitcoin is still consolidating around $78,200. The biggest technical shift is that Bitcoin successfully crossed the 200-day EMA, which is now at about $72,300. 

BTC/USDT Chart by TradingViewDespite a few days of consolidation, Bitcoin crossed this long-term resistance with significant volume and has stayed comfortably above it. Between roughly $77,000 and $81,000, the current battle is being fought. 

Selling pressure has been applied to several attempts to push the rally past $80,000–$81,000, but sellers have also failed to generate a significant reversal. After the breakout, this places Bitcoin in a high-level consolidation. 

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Momentum is still high. After entering overbought territory recently, the RSI is currently around 69. Cooling the RSI while the price remains around $78,000 would actually strengthen the setup by reducing momentum excess without destroying the bullish structure. 

A strong move above $80,000–$81,000 could reopen the May peak at $82,000 and possibly set up another leg higher. In the short term, the downside structure is more significant. 

The closest support is found between $76,500 and $77,000, but the main technical safety net is located between $72,000 and $73,000, where the 200-day EMA and rising short-term average converge. The recent breakout is structurally sound unless Bitcoin loses that area.

DOGE, SHIB, PEPE, or Something Else: Which Meme Coin Can Make History in September? (3 AIs Weigh In)

Cardano could be setting up for a second major rebound after breaking out of a prolonged bearish structure, according to crypto analyst Lana Valentis.

Valentis argues that Cardano has completed its first bounce from a multi-month descending channel that had pressured the token since mid-2025.

Following the breakout, ADA entered a consolidation phase above the $0.19 support zone on the daily chart. According to Valentis, holding this level remains crucial because it could provide the foundation for another upward move.

Therefore, a sustained hold above $0.19 would strengthen the bullish setup, while a break below the support could weaken expectations for a broader reversal.

$0.24 Break Could Confirm Bullish Structure Valentis expects ADA to stage a second bounce from the current support area before testing the $0.24 resistance level.

Moreover, she believes a decisive break above $0.24 could mark a significant shift in ADA’s market structure. Such a move would potentially confirm that the token has moved beyond its prolonged bearish trend and entered a new bullish phase.

From there, Valentis identified progressively higher targets at $0.29, $0.39, $0.50, $0.70, and ultimately $0.95. With ADA currently trading at $0.1968, reaching $0.95 would require a gain of 382%. ADA last reached this level in September 2025, before coming under sustained selling pressure.

Previous Failed Bounces Highlight Risks However, the bullish setup still faces significant risks. The chart shows two previous bounce attempts that failed to reverse ADA’s broader downtrend, with rejections occurring in October 2025 and February 2026.

These failed attempts suggest that another rejection could emerge if buyers fail to build sustained momentum above key resistance levels. Consequently, the $0.19 support and $0.24 resistance remain critical levels to watch as ADA develops its next move.

September Adds Another Headwind Meanwhile, ADA has started September in the red, continuing a historically weak pattern for the token during the month.

ADA has already declined 1.82% in the first two days of September. Since its launch, Cardano has finished September in positive territory only once. In 2024, ADA gained 7.87% during the month.

By contrast, ADA ended September lower in 2018, 2019, 2020, 2021, 2022, 2023, and 2025, recording losses of 16.2%, 13.5%, 17.7%, 24%, 2.87%, 0.95%, and 0.53%, respectively.

Overall, ADA has posted an average September return of -7.74%, while its median September return stands at 2.87%. This historical weakness could add another challenge to ADA’s attempt to sustain a breakout and advance toward Valentis’ higher targets.

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

Crypto analyst Ali Martinez, in his recent assessments of XRP and Cardano (ADA), stated that the technical outlook for both altcoins points to a potential recovery. According to Martinez, the $1.31-$1.38 range stands out as a critical support zone for XRP, while the Tom DeMark Sequential indicator has generated a new buy signal for Cardano.

Martinez noted that despite the current correction, XRP is trading above a strong support area. On-chain data shows that over 4.8 billion XRP were previously purchased at prices between $1.31 and $1.38. Therefore, the analyst stated that this area could form a significant line of defense should selling pressure continue.

Another positive factor for XRP was the increased demand for spot XRP ETFs in the US. According to data shared by Martinez, spot XRP ETFs accumulated over $105 million worth of XRP last week. The analyst stated that ETF-related purchases have not yet fully translated into price performance, but they provided additional demand to the market during the pullback.

From a technical perspective, it was noted that XRP may be forming a bullish flag pattern on the hourly chart. According to Martinez, a breakout above $1.38 on the hourly chart could confirm an upward breakout of the pattern. In such a scenario, the $2 level could come back into play.

Martinez emphasized that XRP investors should pay close attention to the $1.31-$1.38 range in particular.

On the Cardano side, it was noted that the Tom DeMark Sequential indicator gave a new bullish signal on the daily chart. Martinez stated that this indicator has yielded remarkable results in identifying ADA’s local lows in recent months.

According to the data shared by the analyst, the indicator experienced increases of 44.5% in ADA following the signal given on June 25, 11.5% following the signal on July 15, and 50.9% following the signal on August 18.

*This is not investment advice.

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Offline, on-device translation for underserved communitiesStablecoin issuer @Tether has released a family of open-source neural machine translation models designed to run entirely offline on phones and laptops, covering 19 African languages spoken by roughly half the continent's population. A companion release, TranslatePsy-EuroNano, extends the same technology to nine European languages.

The model family is called TranslatePsy-AfriSLM. Crucially, That design choice reflects a deliberate push for privacy and accessibility in regions where cloud infrastructure is limited.

Health, education, and farming among target usesTether says the translation models are intended to pair with its existing medical AI model, enabling health information to be delivered in local languages. Education content and farming guidance are also listed as target applications. All models are free to download.

The AI push appears to extend that footprint beyond finance.

The research underpinning the release has been accepted at the EMNLP 2026 conference.

The broader challenge is significant. Tether's release is a targeted attempt to close part of that gap.

Sources:
Crypto Briefing: Tether releases open-source AI translation models for African and European languages
Tether official website: TranslatePsy-AfriSLM announcement
arXiv: AfriNLLB, research on efficient translation models for African languages

David Schwartz, Chief Technology Officer at Ripple, publicly supported Tether’s decision to freeze $42.4 million in USDT assets prior to the receipt of a formal court warrant. The move has intensified debate over the extent of centralized control maintained by stablecoin issuers.

Lawsuit targets Tether’s asset freezeTwo Thai businessmen initiated legal action against Tether in the Southern District of New York on August 31. They allege the company blacklisted 10 Ethereum addresses containing 42,417,785.62 USDT on October 30, 2025, after being contacted by Homeland Security Investigations in an informal capacity. A formal seizure warrant for the funds only followed on February 19, 2026. The case remains unresolved in court.

Schwartz stated that Tether had limited options in the situation, emphasizing that securing the disputed funds was necessary until competing ownership concerns could be resolved. His defense is notable given Ripple’s position as an issuer of RLUSD, a rival regulated stablecoin.

Stablecoin controls and compliance powerRipple outlines in its RLUSD terms that it reserves broad powers to freeze wallet addresses holding RLUSD in response to legal requirements or under internal compliance policies, including informal law enforcement requests. The protocol also permits RLUSD to be destroyed in one wallet and recreated in another as appropriate.

This approach reveals why Schwartz’s backing of Tether’s pre-emptive action appears consistent with Ripple’s own stance on regulatory compliance.

Both RLUSD and USDT are issuer-managed stablecoins. Their design allows administrative actions such as address freezing, burning, or reminting backed tokens, enabling compliance during fraud investigations, sanction enforcement, and court-ordered asset seizures.

Mini dictionary: RLUSD is Ripple’s regulated US dollar-backed stablecoin, featuring built-in controls for address freezing and reminting to meet compliance and law enforcement requests.

Ripple affirms that RLUSD wallets can be blacklisted and tokens burned or reissued if legally required or for compliance purposes, mirroring measures seen at Tether.

XRP and native asset distinctionsIn contrast, Schwartz has repeatedly clarified that XRP, the native asset of the XRP Ledger, is not subject to these issuer-level controls. Documentation for XRPL distinguishes between issued tokens, which can be frozen or clawed back, and XRP itself, which remains outside such mechanisms.

According to Schwartz, Ripple can neither freeze an account holding XRP nor reverse a finalized XRP transaction. This design underscores the difference between decentralized protocols like XRP and managed stablecoins such as RLUSD or USDT.

As a result, RLUSD and XRP fulfill fundamentally different roles in the digital asset landscape and should not be considered interchangeable.

Tether’s cooperation with authorities expandsTether has recently expanded its cooperation with law enforcement. In February, Tether assisted U.S. authorities in seizing nearly $61 million in USDT related to a pig-butchering fraud operation. The company also reported helping freeze another $344 million in April in coordination with U.S. agencies.

DateAmount Seized/FrozenContextFebruary 2026$61 millionPig-butchering fraud caseApril 2026$344 millionUS law enforcement coordinationThe outcome of the ongoing lawsuit could set a precedent for how far stablecoin issuers may go in acting upon informal government requests before the formal judicial process is completed.

Schwartz’s position highlights the critical division between stablecoins, which require administrative controls to facilitate compliance, and decentralized assets like XRP, which cannot be censored or reversed post-settlement.

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

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Tether’s USDT ecosystem has expanded to Stellar. This gives users on the payments-focused blockchain access to more than $180 billion in USDT liquidity through USDT0.

USDT0 will now connect Stellar to Tether’s broader stablecoin liquidity. The integration uses LayerZero’s OFT interoperability standard. 

Stellar was originally designed around moving digital assets and cross-border payments. 

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The foundation has placed a huge focus on stablecoins, tokenized real-world assets and institutional infrastructure. These have become the key drivers of network activity. 

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There have been several stablecoins initiatives spearheaded by Stellar this year. In June, for instance, MoneyGram launched MGUSD, a dollar-denominated stablecoin built on Stellar. 

Stellar's rather formidable ecosystem includes Circle’s USDC, Franklin Templeton’s BENJI and other stablecoin and asset-issuance projects.

Expanding liquidity stack Stellar said stablecoin payment volume reached $5.5 billion in the first quarter of 2026, up 72% from a year earlier. At the same time, tokenized real-world assets on the network surpassed $2 billion shortly after the quarter ended.

USDT0 will let Stellar users access the same USDT liquidity available on other connected networks. That could make the network more attractive to exchanges, wallets, and other segments of the industry. 

Tether is dominant in many emerging markets, including parts of Latin America, Africa and Asia-Pacific. In these regions, stablecoins are being adopted en masse for savings, remittances and dollar-denominated payments. USDT0 is initially available through wallets, exchanges and applications including Kraken, Freighter, Lobstr, Bitget, Fireblocks, Ramp Network and SushiSwap. Additional integrations are expected to take place in the future. 

The US state of Wyoming is adding near-real-time onchain reserve verification to its state-issued Frontier Stable Token through an expanded integration with blockchain oracle network Chainlink.

The Wyoming Stable Token Commission said Wednesday it adopted Chainlink Proof of Reserve to publish verified data on FRNT’s reserves and token supply onchain. The system combines independent examinations by The Network Firm with Chainlink’s infrastructure to make the data available in near real time.

Wyoming already publishes daily reserve attestations for FRNT, while the GENIUS Act requires monthly disclosures of reserve composition and outstanding stablecoin supply. The commission said the integration will provide more timely visibility into changes in FRNT’s backing between reporting periods.

The commission is also working to adopt Chainlink’s Secure Mint feature, which would require verified reserves to equal or exceed FRNT’s total supply before new tokens can be minted.

FRNT, launched in January, is backed by US dollars and short-term US Treasurys, with interest income generated from its reserves deposited into Wyoming’s School Foundation Program.

The move comes about two weeks after Wyoming fully migrated FRNT from LayerZero to Chainlink’s Cross-Chain Interoperability Protocol, making CCIP the token’s exclusive cross-chain infrastructure.

Chainlink expands institutional footprintChainlink has picked up several integrations across tokenized equities, stablecoin settlement and traditional financial market infrastructure in recent months.

Most recently, Chainlink became the pricing-data provider for Coinbase’s B20 tokenized equities following their August launch on Base. The feeds cover stocks including Apple, Nvidia, Meta and Alphabet, allowing DeFi protocols to value the tokens for uses including lending, trading and collateral.

In June, Chainlink joined European and South Korean banking groups in Project Pangea, which is exploring the use of regulated euro- and won-denominated stablecoins for atomic foreign exchange settlement across the two regions.

Its push into traditional financial infrastructure has also included the Depository Trust and Clearing Corporation (DTCC), which said in May it would integrate Chainlink technology into a planned 24/7 platform for managing tokenized collateral. That month, Fidelity International also launched a tokenized liquidity fund using Chainlink and Sygnum infrastructure, with JPMorgan providing daily net asset value data for pricing.

Chainlink’s LINK token has gained more than 34% over the past month, trading at around $11.07 on Wednesday, according to CoinGecko data.

LINK has gained around 34% over the past month. Source: CoinGecko

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