The latest purchase raised its total holdings to 20,136 BTC, making it the sixth-largest publicly traded corporate bitcoin holder worldwide.
XRP price is struggling to recover above the $2.920 zone. The price is now moving higher and might gain pace if it settles above $2.90. XRP price is facing hurdles and struggling to recover above the $2.920 resistance. The price is now trading above $2.850 and the 100-hourly Simple Moving Average. There is a bullish trend line forming with support at $2.8650 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could continue to rise if it stays above the $2.850 zone. XRP Price Eyes Upside Break XRP price managed to stay above the $2.80 level and started a recovery wave, like Bitcoin and Ethereum. The price climbed above the $2.8350 and $2.850 resistance levels. However, the price seems to be struggling to settle above the $2.920 resistance zone. Recently, there was a fresh bearish reaction below the $2.90 level. The price dipped below the 23.6% Fib retracement level of the upward move from the $2.793 swing low to the $2.925 high. The price is now trading above $2.850 and the 100-hourly Simple Moving Average. Besides, there is a bullish trend line forming with support at $2.8650 on the hourly chart of the XRP/USD pair. If the bulls protect the $2.850 support, the price could attempt another increase. On the upside, the price might face resistance near the $2.90 level. The first major resistance is near the $2.920 level. A clear move above the $2.920 resistance might send the price toward the $2.980 resistance. Any more gains might send the price toward the $3.00 resistance. The next major hurdle for the bulls might be near $3.050. Another Decline? If XRP fails to clear the $2.920 resistance zone, it could continue to move down. Initial support on the downside is near the $2.8650 level and trend line. The next major support is near the $2.850 level or the 50% Fib retracement level of the upward move from the $2.793 swing low to the $2.925 high. If there is a downside break and a close below the $2.850 level, the price might continue to decline toward $2.80. The next major support sits near the $2.720 zone, below which the price could gain bearish momentum. Technical Indicators Hourly MACD – The MACD for XRP/USD is now gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now above the 50 level. Major Support Levels – $2.850 and $2.80. Major Resistance Levels – $2.90 and $2.920.
Christian Catalini, co-creator of Meta’s now-defunct Libra project, took to X to explain how Stripe’s Tempo blockchain fails one of the basic tenets of the crypto movement: decentralization. In fact, Catalini believes that if Stripe’s Tempo succeeds commercially, it would mean that early crypto idealists will have to embrace a future where the original ethos […]
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An NYDIG analyst has warned of possible market turbulence as the gap between the share price and asset values of Bitcoin holding companies has narrowed.
Ethereum price started a fresh recovery wave above the $4,450 zone but failed. ETH is still struggling and might slide below the $4,220 zone. Ethereum is still struggling to recover above the $4,400 zone. The price is trading below $4,400 and the 100-hourly Simple Moving Average. There is a short-term declining channel forming with resistance at $4,310 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a decent increase if there is a close above the $4,350 level in the near term. Ethereum Price Remains At Risk Ethereum price started a recovery wave after it formed a base above the $4,200 zone, like Bitcoin. ETH price was able to climb above the $4,350 and $4,400 resistance levels before the bears appeared. The recent low was formed at $4,233 and the price is now consolidating losses. There was a minor increase above the 23.6% Fib retracement level of the recent decline from the $4,491 swing high to the $4,233 low. However, the bulls face an uphill task near $4,320. Besides, there is a short-term declining channel forming with resistance at $4,310 on the hourly chart of ETH/USD. Ethereum price is now trading below $4,320 and the 100-hourly Simple Moving Average. On the upside, the price could face resistance near the $4,300 level. The next key resistance is near the $4,320 level. The first major resistance is near the $4,360 level or the 50% Fib retracement level of the recent decline from the $4,491 swing high to the $4,233 low. A clear move above the $4,360 resistance might send the price toward the $4,420 resistance. An upside break above the $4,420 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $4,500 resistance zone or even $4,550 in the near term. More Downside In ETH? If Ethereum fails to clear the $4,360 resistance, it could start a fresh decline. Initial support on the downside is near the $4,260 level. The first major support sits near the $4,220 zone. A clear move below the $4,220 support might push the price toward the $4,200 support. Any more losses might send the price toward the $4,160 support level in the near term. The next key support sits at $4,120. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the bearish zone. Hourly RSI – The RSI for ETH/USD is now below the 50 zone. Major Support Level – $4,220 Major Resistance Level – $4,360
Bitcoin price is struggling to recover above $111,500. BTC is now consolidating and might decline if there is a move below the $110,000 level. Bitcoin started a recovery wave above the $110,500 zone. The price is trading below $111,000 and the 100 hourly Simple moving average. There is a bullish trend line forming with support at $110,500 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might start another decline if it stays below the $111,500 zone. Bitcoin Price Struggles To Recover Bitcoin price started a fresh recovery wave above the $112,000 zone but upside was limited. BTC peaked near $113,500 and started a fresh decline. There was a move below the $112,000 and $115,000 levels. The price even tested the $110,000 zone. The recent low was formed at $110,039 and the price is now consolidating. There was a move above the 23.6% Fib retracement level of the recent decline from the $113,372 swing high to the $110,039 low. However, the bears are active below the $112,000 level. Bitcoin is now trading below $111,000 and the 100 hourly Simple moving average. Besides, there is a bullish trend line forming with support at $110,500 on the hourly chart of the BTC/USD pair. Immediate resistance on the upside is near the $111,250 level. The first key resistance is near the $111,700 level or the 50% Fib retracement level of the recent decline from the $113,372 swing high to the $110,039 low. The next resistance could be $112,580. A close above the $112,580 resistance might send the price further higher. In the stated case, the price could rise and test the $113,500 resistance level. Any more gains might send the price toward the $114,200 level. The main target could be $115,000. Another Drop In BTC? If Bitcoin fails to rise above the $112,000 resistance zone, it could start a fresh decline. Immediate support is near the $110,500 level and the trend line. The first major support is near the $110,000 level. The next support is now near the $109,350 zone. Any more losses might send the price toward the $108,500 support in the near term. The main support sits at $107,500, below which BTC might decline sharply. Technical indicators: Hourly MACD – The MACD is now losing pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now below the 50 level. Major Support Levels – $110,500, followed by $109,350. Major Resistance Levels – $112,000 and $112,580.
Ethereum layer-2 Kinto’s token plummeted after its team announced its blockchain would wind down on Sept. 30, months after a $1.6 million hack.
Paolo Ardoino, CEO of Tether, the issuer of the largest stablecoin USDT, took to X on Sunday to refute claims about the firm selling its Bitcoin (BTC) to invest in gold. In his post, Ardoino wrote that “Tether didn’t sell any Bitcoin,” adding that: “While the world continues to get darker, Tether will continue to […]
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Despite record bitcoin treasury holdings, the sharp drop in average purchase size shows weakening institutional appetite, even as Taiwan's Sora Ventures prepares a $1 billion BTC Treasury fund.
“Dear Bitcoin Core, Bitcoin is and must remain censorship resistant.” That’s the promise, the battle, and the line in the sand drawn this week as Leonidas, the host of The Ordinal Show, weighs in on the raging Spam Wars, warning Bitcoin Core: “Any serious attempt by Bitcoin Core to tighten policy rules or censor Ordinals […]
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From Polymarket to Kalshi to new entrants like The Clearing Co., VCs are circling prediction markets. What’s driving the surge — and what comes next?
The Trump family fortune soared this week amid heightened volatility, but the price of ABTC and WLFI have since retraced by double-digits.
According to recent data by Token Terminal, tokenized real-world assets (RWAs) are already nearing $300 billion, a milestone that was projected to be reached in 2030. An additional report by RedStone Finance found that RWAs on-chain could hit as much as $30 trillion by 2034. While most of the momentum is made up of stablecoins […]
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Kinto's founder pledged $55,000 of personal funds to reimburse victims of the hack in Morpho lending pools, he said in the shutdown announcement.
El Salvador was the first country to make Bitcoin legal tender, but it has since scaled back its Bitcoin laws and public sector involvement.
Conversations across the crypto space are circling back to blue-chip tokens, with Bitcoin, Ethereum, and Dogecoin taking the spotlight. Data from on-chain analytics platform Santiment shows that top market cap cryptocurrencies are dominating the surge in social chatter, with discussions ranging from institutional adoption and ETF speculation to technical barriers and ecosystem growth. Alongside them, Strategy, Tether, and MultiversX are also attracting strong attention. Related Reading: American Bitcoin, Backed By Trump, Ends Nasdaq Debut Up 17% Bitcoin And Ethereum Dominating Attention Despite price resistance at $112,000 throughout last week, Bitcoin is still the most closely watched cryptocurrency by analysts and investors. According to on-chain analytics platform Santiment, Bitcoin is currently dominating among crypto investors thanks to extensive discussions about its long-term role as digital gold, a monetary network, and a hedge against inflation. Conversations focus heavily on its scarcity, institutional demand, and the importance of self-custody. Traders are also discussing Bitcoin’s liquidity in flash crypto offers that allow instant trading and spending across multiple platforms. Ethereum is trending, with mentions also tied to its role in flash tokens and its utility across wallets and decentralized platforms. ETH discussions are based on its transferability and use in trading, staking, and gaming, while institutions continue to accumulate large volumes. However, the Ethereum price is also facing technical struggles in breaking above $4,500, having been rejected at $4,480 multiple times in the past seven days. Strategy And Dogecoin Also Generate Social Buzz Strategy’s and its MicroStrategy ($MSTR) stock are also hot topics due to the company’s massive Bitcoin reserves and its reputation as a leveraged proxy for BTC exposure. Particularly, market chatter has picked up around its potential inclusion in the S&P 500, which could cause institutional buying and fund inflows. At the same time, discussions show that investors are debating whether MSTR shares or Bitcoin ETFs provide better exposure. Unsurprisingly, the word “Dogecoin” is in the limelight due to multiple developments last week. Most of Dogecoin’s mentions are based on the upcoming Rex-Osprey Dogecoin ETF, which could become a historic first for Dogecoin ETFs in the US financial market. Furthermore, Trump-backed company Thumzup is expanding Dogecoin mining operations by adding 3,500 rigs. Despite choppy price action last week, Dogecoin managed to close above $0.21. Tether ($USDT) also saw huge mentions last week after the company announced deeper investments into gold, with its reserves now exceeding $8.7 billion. The company aims to expand into mining, refining, and trading, with its CEO calling gold a natural bitcoin. Additionally, new token listings related to Tether are appearing on platforms like BitMart. Related Reading: MemeCore Explodes 3,800% For ATH — But Is A Collapse Around The Corner? MultiversX ($EGLD), meanwhile, is facing a different kind of attention. Social discussions highlight concerns about dilution of its supply and the migration of projects to other chains like SUI, raising doubts about long-term use cases. However, there’s optimism on projects such as xPortal and xMoney, with hopes that buyback mechanisms and upcoming launches could bolster value. Featured image from Unsplash, chart from TradingView
Hyperliquid is currently heavily reliant on USDC, with $5.5 billion worth of Circle's stablecoin held on the platform.
In the spirit of no stupid questions, Bitcoin influencer Crypto Tea released a post on X that many people are wondering but haven’t said out loud. If previously dormant whales can crash the BTC price by selling $2 billion in BTC, why doesn’t a year of relentless buying pressure to the tune of over $80 […]
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The Bitcoin price has managed to stay above $110,000 over the weekend, and on-chain data shows that the premier cryptocurrency sits above three crucial support levels. Here are the critical levels to watch out for over the next few weeks. Where Are The Next Support Levels For BTC? On Saturday, September 6, prominent crypto analyst Ali Martinez took to the social media platform X to offer on-chain insights into the current layout of the Bitcoin price. This price evaluation, which revolves around the BTC UTXO Realized Price Distribution (URPD) metric, shows the next support levels for Bitcoin. Related Reading: Bitcoin Treasury Purchases Down Amid Record Holdings – What Does This Mean? The capacity for a price level to act as an on-chain support or resistance zone usually depends on the number of investors who have their cost basis at the given level. An investor’s cost basis refers to the actual price at which they purchased a cryptocurrency (Bitcoin, in this case). The relevant indicator here—UTXO Realized Price Distribution—tracks the amount of a particular cryptocurrency that was acquired at a specific price level. Typically, price levels below the current spot value with substantial buying activity are often considered as major support zones. Meanwhile, levels above the current price with significant investor cost bases usually act as major resistance areas. As shown in the chart above, $108,250, $104,250, and $97,050 are the next crucial support levels for the Bitcoin price. Data from Glassnode shows that nearly 432,000 coins were bought in the $108,250 zone, while roughly 401,000 coins were purchased around the $104,250 region. Meanwhile, 404,000 BTC were acquired around the $97,054 area. The rationale behind this is that investors with a cost basis around these price levels are likely to double down on their positions and purchase more coins. This increased buying activity will, hence, provide a cushion for the Bitcoin price to stay afloat and potentially bounce back. It’s worth mentioning that the next major resistance level for the Bitcoin price based on the URPD metric is around $116,963. Several investors (550,000 coins) around this level are likely to close their positions when the price returns to its cost basis, thereby putting downward pressure on the BTC price. Bitcoin Price At A Glance As of this writing, the price of BTC stands at around $110,628, reflecting no significant movement in the past 24 hours. According to data from CoinGecko, the premier cryptocurrency is up by more than 1% in the past seven days. Related Reading: Strategy Expands Bitcoin Treasury: $450 Million Purchase Sends Total Holdings To New Highs Featured image from iStock, chart from TradingView
Ethereum revenue and network fees continue to dwindle, prompting debate about the layer-1 blockchain network’s financial fundamentals.
Everyone’s buying gold. The boomer rock blasted past $3,600 this week to mark a fresh all-time high and draw investors far and wide into its glittery orbit. So why is the gold price surging? It’s the result of a perfect storm: a cooling labor market in the U.S., expectations of rate cuts, relentless geopolitical jitters, […]
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Data from multiple blockchain trackers shows that Coinbase has drastically cut its XRP holdings, a move that has taken many crypto investors by surprise. Analysts say such a huge reduction points to large outflows from institutional investors, but others have gone further by alleging manipulation. However, pro-XRP lawyer Bill Morgan has poured cold water on these claims. Rumors Of Coinbase Manipulation Swirl On X US-based exchange Coinbase recently reduced its stash from more than 780 million XRP to just under 200 million in a matter of weeks. This translates to a 69% reduction in the exchange’s holdings since the second quarter of 2025, including a 57% plunge over the last month alone. The scale of the drawdown has also shifted Coinbase’s ranking among exchange holders of XRP, sliding it from the fifth largest to barely in the top 10. Related Reading: MemeCore Explodes 3,800% For ATH — But Is A Collapse Around The Corner? An account on the social media platform X, known as Stern Drew, suggested that Coinbase’s sell-offs go with a deliberate strategy to suppress XRP’s price. In a detailed thread, the commentator claimed that nearly 40% of the outflows were routed through OTC desks tied to New York institutions and that the timing of the sales coincided with XRP price dips in August. According to the thread, more than 70% of the volume was unloaded during low-liquidity trading hours, while fragmented routing across wallets masked the scale of the sales. The thread even suggested that some of the XRP ended up with BlackRock-linked custodial wallets, a move that further points to theories about institutional involvement. Bill Morgan Pushes Back On Manipulation Claims Bill Morgan was quick to reject the idea that Coinbase is actively manipulating XRP’s price. In his view, the theory overlooks the fact that XRP has exhibited the same behavior throughout its history, including during the long stretch when Coinbase delisted the asset and had no apparent influence on its market activity. Coinbase suspended XRP trading in January 2021, but it wasn’t until July 2023 that the cryptocurrency started trading again on the US-based exchange. “One heck of a theory about Coinbase being against XRP,” he said, before noting that the token’s movements today are consistent with its established trends. The suggestion of manipulation by Coinbase fails to hold up, as XRP’s price action appears more reflective of broader crypto market movement than any deliberate suppression by the exchange. XRP has been trading within a well-defined range between $2.8 and $2.9 in the past seven days. Although it lost the $3 support level as August came to a close, XRP has managed to hold above $2.8 since then, and this level has so far cushioned it from deeper losses. Related Reading: American Bitcoin, Backed By Trump, Ends Nasdaq Debut Up 17% On the upside, the $3.10 level is the critical resistance to watch. A decisive break above that barrier could shift momentum back in favor of the bulls. Until then, XRP’s price is likely to continue consolidating between $3.10 and $2.8. At the time of writing, XRP is trading at $2.82. Featured image from Unsplash, chart from TradingView
Polygon developer Bruno Skvorc lashed out at World Liberty Financial (WLF) on Saturday, accusing the company of stealing his funds. In a post on X, Skvorc wrote: “…they stole my money, and because it’s the @POTUS family, I can’t do anything about it.” Skvorc was one of the hundreds of users, including Tron founder and […]
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Rumors swirled this week that Tether, the issuer of the world’s largest stablecoin, had begun selling its Bitcoin holdings in exchange for gold. The speculation spread after a YouTuber claimed that Tether’s quarterly reports showed a sharp drop in its Bitcoin stash. Tether’s leadership, along with key industry voices, says the story is false. The …
The conversation around crypto exchange-traded funds (ETFs) is no longer about if they will expand beyond Bitcoin and Ethereum, but when. Analysts say the U.S. Securities and Exchange Commission (SEC) is preparing to broaden the playing field, and if that happens, Wall Street could soon see a rush of new altcoin ETFs. Which Tokens Are …
Christian Catalini warns that corporate-led blockchains like Stripe’s Tempo and Circle’s Arc risk repeating the compromises that doomed Libra’s open vision.
Two new research papers reveal agents that can hold consistent personalities and adapt their emotional tone in negotiations, fueling both hopes for more natural interaction and fears of manipulation.
The price of Bitcoin has shown signs of resilience and strength over this weekend after facing significant bearish pressure heading into it. On Friday, August 5, the flagship cryptocurrency suffered a mild correction following the release of weaker-than-expected employment data in the United States. While the Bitcoin price has struggled to break out of its current choppy state, its sustained hold above the psychological $110,000 level displays the current resolution of investors. The latest on-chain data suggests that the market might have absorbed excess selling pressure and could be regaining momentum. Is BTC Ready For A Sustained Move Higher? In a September 6 post on the X platform, pseudonymous crypto analyst Frank revealed a shift in the activity of a key group of Bitcoin investors over the past few weeks. According to the market quant, BTC’s short-term holders (STH) (with coin holdings less than 155 days old) are beginning to lock in some of their profits. Related Reading: Bitcoin Bull Run Nears Its Climax: Cycle Peak Indicates 95% Completion This on-chain observation is based on the Short-Term Holder Spent Output Profit Ratio (STH-SOPR) metric, which assesses the profitability ratio of spent outputs (held for more than 1 hour but less than 155 days). This indicator provides insight into whether STHs are selling at a profit or at a loss. When the Bitcoin STH-SOPR metric has a value greater than 1, it implies that the short-term investors are selling at a profit. On the other hand, an STH-SOPR value less than 1 suggests that the short-term holders are capitulating and selling at a loss. Frank shared that the Bitcoin STH-SOPR metric has returned above the critical 1 threshold level for the first time in 20 days. This means that the short-term investors, who were busy selling at a loss the past three weeks, are now back realizing profits. Typically, when the STH-SOPR metric is below 1, it means that weak hands are exiting the market, enabling the diamond hands (long-term investors) to accumulate. Meanwhile, a return above the 1 threshold could mark the end of that distribution period, with a recovery rally typically on the horizon. However, the pertinent question remains whether the past 20 days were enough to shake out the weak hands for the next leg up. Frank noted that the market could want to inflict more pain on the short-term holder cohort before the next move higher. Hence, investors might want to exercise caution before making a decision, as the market seems to be at a critical juncture. Bitcoin Price At A Glance As of this writing, the price of BTC stands around $110,200, reflecting no significant movement in the past 24 hours. According to CoinGecko, the market leader is up by nearly 2% in the last seven days. Related Reading: Bitcoin Holds Key Support Amid Gravestone Doji – $120,000 Hangs In Balance Featured image from iStock, chart from TradingView
Sergey Nazarov met with SEC Chairman Paul Atkins and told CoinDesk he's impressed by how serious Atkins is about moving quickly on tokenization.
Despite a 15% decline from August’s all-time high, illiquid holdings continue to grow.