Weak job numbers heighten recession fears, potentially leading to cautious Fed rate cuts and increased market volatility across sectors.
The post Bitcoin, altcoins tumble as weak job numbers stoke recession fears appeared first on Crypto Briefing.
Hyperliquid is preparing a governance-driven launch of its native stablecoin, USDH, in its next network upgrade, according to a Sept. 5 update on the DEX Discord channel. The protocol described USDH as a “Hyperliquid-first and compliant” dollar-pegged asset, but unlike conventional launches, it is opening the process to competition among development teams. According to the […]
The post Hyperliquid’s new USDH stablecoin launch could redirect $220M to HYPE holders appeared first on CryptoSlate.
The investor, who originally acquired 1 million ETH during the 2014 ICO for $310,000, still holds 105,000 ETH valued at $451 million in two wallets.
The 684.4 million Cronos tokens that the Trump-backed company bought are worth about $178 million at current prices.
Stellar's explosive volume spikes and resistance breakthrough signal heightened volatility amid growing institutional interest.
Chainlink's native token encountered persistent bearish pressure as BTC, ETH and the broader crypto market consolidated, CoinDesk Research's model shows.
Soft U.S. jobs numbers released Friday cemented the case for an imminent Fed rate cut and provided what turned out to be only a brief jolt higher to crypto markets.
The agencies also floated new policies intended to accelerate the creation of prediction markets, perpetuals markets, and related DeFi protocols in the United States.
Institutional accumulation absorbs selling pressure as ETF speculation and Fed signals drive market sentiment.
Wyoming picks Hedera for state-backed FRNT stablecoin as token crashes in final trading session.
Sun's actions highlight the tension between investor rights and project governance, potentially impacting trust in decentralized finance.
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Ethereum has entered a consolidation phase after losing the $4,500 level, now trading within a tight range above $4,250. The recent pullback has increased uncertainty across the market, with investors weighing whether ETH will break lower or gather enough momentum to attempt another rally. Despite this volatility, Ethereum continues to demonstrate strong underlying fundamentals, supported by consistent whale and institutional accumulation. Related Reading: Bitmine Adds Another $65.3M In Ethereum – Details According to top analyst Darkfost, whale activity on Ethereum remains elevated, with significant outflows recorded from Binance in recent sessions. These withdrawals highlight an important trend: whales are not selling but rather moving their ETH into decentralized finance ecosystems. In fact, several notable transactions were detected this morning, with large holders transferring ETH from Binance to Aave, deploying it for yield opportunities. This ongoing accumulation and redeployment reflect a growing conviction among whales that Ethereum remains one of the most attractive assets in the market. By leveraging ETH in DeFi rather than offloading it, large players are signaling long-term confidence in Ethereum’s value. As the bullish trend quietly unfolds behind the scenes, the market’s consolidation may ultimately serve as a foundation for Ethereum’s next major move. Whale Outflows Underscore Ethereum Strength Ethereum whales have once again demonstrated their conviction with a series of large outflows from Binance. Within just a few minutes, three massive transactions were recorded: the first totaling roughly 23,000 ETH, the second a much larger 64,000 ETH, and the final outflow an extraordinary 83,000 ETH. Altogether, these movements represent nearly $750 million worth of Ethereum withdrawn from the exchange in a single burst of activity. These outflows have had a measurable impact on Binance’s reserves. With this wave of withdrawals, the amount of ETH held on the exchange has fallen to 4.2 million ETH, highlighting a continued decline in centralized exchange balances. Historically, declining reserves have been viewed as a sign of strong demand, as coins are moved off exchanges and into long-term storage or deployed into decentralized finance platforms like Aave for yield. The conviction displayed by whales in this instance sends a powerful signal to the market. Rather than reacting to short-term volatility, these large holders are positioning themselves for the long term, underscoring Ethereum’s resilience even during consolidation phases. This activity also explains why ETH has been outperforming Bitcoin recently—whale demand continues to funnel into Ethereum while Bitcoin faces more muted accumulation trends. The strength of these outflows reflects the growing institutional and whale appetite for Ethereum. With reserves shrinking and demand proving consistent, the market may be setting the stage for Ethereum’s next breakout once broader conditions align. Related Reading: Bitcoin Market Base Turns Neutral-Bearish As Flows Stay Weak Testing Key Supports Amid Sideways Action Ethereum (ETH) is currently trading around $4,381, consolidating after a volatile period that has kept price action capped below the $4,500 resistance zone. The chart shows ETH respecting the $4,300 area, with the 200-period SMA (red line) acting as a key structural support. As long as this level holds, Ethereum avoids a deeper correction. Shorter moving averages provide insight into momentum. The 50 SMA (blue line) is converging with the 100 SMA (green line), reflecting sideways market conditions and a lack of clear direction. ETH has repeatedly tested the $4,450–$4,500 resistance zone over the past two weeks but has failed to close decisively above it, highlighting seller pressure. Related Reading: BNB Chain Surpasses 650M Unique Addresses – Binance Adoption Continues For bulls, reclaiming $4,500 would be a critical step to reestablish momentum toward $4,700 and $5,000. On the downside, losing $4,300 could expose ETH to a retest of $4,200, with further weakness potentially dragging the price closer to $4,000. Featured image from Dall-E, chart from TradingView
Bitcoin price strength disappears despite nonfarm payrolls data cementing Fed rate cut bets, and bulls are nowhere to be seen.
Tokenized money market funds are expected to lead adoption thanks to their attractive yields relative to stablecoins, the report said.
Grayscale announced the launch of the Space and Time Trust, a private placement for accredited investors. This trust offers exposure to the SXT token, which powers the Space and Time blockchain, a network built for real-time, verifiable data processing. Backed by Microsoft, Space and Time combines blockchain security with enterprise-level data architecture to support Web …
Paul Atkins and Caroline Pham presented a united front when discussing future regulatory moves by their two agencies during a call on Friday.
Bitcoin rose above $113,000 on Friday as U.S. payrolls increased by 22,000 and the unemployment rate ticked up to 4.3 percent, pushing traders to price a September Federal Reserve rate cut with near certainty. Per the Bureau of Labor Statistics release, private employers added 38,000 jobs, government payrolls fell by 16,000 and manufacturing lost 12,000. Average […]
The post Shocking 22k US jobs report fuels $113k Bitcoin as rate cut odds explode appeared first on CryptoSlate.
Trump Media finalized the purchase of 684.4 million Cronos (CRO) tokens worth $105 million in a cash-and-stock deal with Crypto.com. The tokens, representing about 2% of CRO’s circulating supply, are securely staked through Crypto.com Custody to earn additional revenue. This move is part of a strategic partnership set to integrate CRO into Trump Media’s platforms, …
Crypto analyst Costa has made an ultra-bullish prediction for the XRP price, stating that it could reach $473,214. He explained that such a massive price surge could happen thanks to tokenization on the XRP Ledger (XRPL). XRP Price To Reach $473,214 If This Happens In an X post, Costa predicted that the XRP price would reach $473,214 if 10% of global assets got tokenized onto the XRPL. This followed Ripple’s statement that 10% of global assets are expected to be tokenized by 2030. The analyst expects these assets, which amount to $50 trillion, to be tokenized on the XRP Ledger. Related Reading: Crypto Exchange Reveals When XRP Price Will Cross $2,000 Costa declared that the amount of inflows and utility will most definitely cause the XRP price to skyrocket. He also noted that a potential supply shock will push the altcoin higher. Meanwhile, the analyst alluded to a market cap multiplier to explain how the price increase will happen. He stated that for every 10 billion of inflows, XRP will increase by 516x, moving the altcoin’s market cap to $5.3 trillion. Costa then broke down the calculation for how the XRP price would reach $473,214. He divided $50 trillion, which represents 10% of the global assets, by $10 billion, which is the amount he projects as the inflows. The division amounted to $5,000, which he then multiplied by the projected $5.3 trillion market cap, leading to $26.5 quadrillion. The analyst noted that dividing the current supply by this will result in an XRP price of $473,000. However, Costa admitted that these projections are simply hypothetical and that there is no 100% guarantee of 10% of the global assets being tokenized on the XRP Ledger. XRP Still Expected To Rise Higher The XRP price is currently on a downtrend, but is still expected to witness a bullish reversal and reach new highs. Crypto analyst Matthew Dixon noted that the price is expected to surge soon above the highs previously recorded this year. He noted XRP’s pattern is currently corrective and should resolve higher, especially with the softening of monetary policy. The Fed is expected to make a 25-basis-point (bps) rate cut at the next FOMC meeting, which is bullish for the XRP price. This could inject more liquidity into the altcoin’s ecosystem and serve as the catalyst for the next leg up. Crypto analyst Egrag Crypto predicted that the XRP price could rally to as high as $6 soon enough. However, he warned that the altcoin needs to hold above its current range as it prepares for this major breakout. Related Reading: Is XRP A Meme Coin? Analyst Reveals How Whales Are Playing The Game At the time of writing, the XRP price is trading at around $2.81, down in the last 24 hours, according to data from CoinMarketCap. Featured image from Adobe Stock, chart from Tradingview.com
Crypto exchange Bybit has become the first crypto exchange to debut stablecoin payments for regulatory fees in Kazakhstan’s AIFC.
The agencies' priorities include 24/7 markets, event contracts, perpetual contracts, innovation exemptions, and decentralized finance.
Prominent voices in the crypto sector are questioning the US Securities and Exchange Commission (SEC) after its Office of the Inspector General (OIG) disclosed that nearly a year of text messages from former Chair Gary Gensler had been permanently deleted. On Sept. 3, the OIG disclosed that Gensler’s SEC-issued smartphone stopped syncing with the agency’s […]
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The SEC and CFTC's efforts could position the US as a leading hub for crypto innovation, enhancing market clarity and investor protection.
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The expansion is expected to come through a pending acquisition of Dogehash, a miner focused on the Scrypt algorithm that secures both Dogecoin and Litecoin.
OnlyFans and Pornhub creator accounts may be harder to secure than a crypto account, but stricter hurdles don’t always mean stronger KYC.
The company added CRO to its balance sheet and will integrate token rewards into its services as part of partnership with the crypto exchange.
Lawmakers are faced with a choice to block the creation of a US digital dollar due to privacy concerns, though critics argue the fight is more about politics.
PayPal's crypto checkout and global regulatory clarity signal the next phase: payments that work invisibly, not speculation that demands attention.
Belarusian President Aleksandr Lukashenko instructed lawmakers to create clear and transparent rules for the country’s cryptocurrency market.
Sui (SUI) rose 5% and Filecoin (FIL) jumped 4.5% from Thursday.