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NFT Gaming

Ethereum (ETH) Price Prediction for September 8

by admin September 8, 2025

Most of the coins have returned to the green zone on the first day of the week, according to CoinStats.

ETH chart by CoinStats

ETH/USD

The price of Ethereum (ETH) has risen by almost 1% over the last 24 hours.

Image by TradingView

On the hourly chart, the rate of ETH is approaching the local resistance of $4,362. If its breakout happens, the accumulated energy might be enough for a test of the $4,400 zone shortly.

Image by TradingView

On the longer time frame, the price of the chief altcoin is going up against falling volume.

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If the daily candle closes with no long, the upward move is likely to continue to the $4,400-$4,500 range until the end of the week.

Image by TradingView

From the midterm point of view, the rate of ETH is far from the support and resistance levels. The volume is going down, which means that neither buyers nor sellers have accumulated enough energy for a sharp move.

Ethereum is trading at $4,354 at press time.

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September 8, 2025 0 comments

NFT Gaming

Bonk price holds golden pocket and bounces, is a reversal possible?

by admin September 8, 2025

Bonk’s price has rebounded from the Golden Pocket Fibonacci zone, confirming another higher low. Technical confluence suggests a bullish reversal is underway, with upside potential toward daily resistance and prior highs.

Summary

BONK has bounced from the Golden Pocket Fibonacci zone, confirming another higher low.
The point of control acts as the immediate resistance to reclaim.
Breakout above resistance could trigger acceleration toward daily resistance and swing highs.

Bonk (Bonk) has found critical support at the Golden Pocket Fibonacci retracement, a region further strengthened by daily structure and the 0.618 Fibonacci retracement. The bounce confirms ongoing bullish market structure, positioning BONK for a continuation higher if resistance is reclaimed with volume support. Adding to its momentum, Coinbase has officially listed Bonk as eligible collateral for perpetual futures trading, enhancing its visibility in the derivatives market.

Bonk price key technical points

Golden Pocket Support: Confluence of 0.618 Fibonacci and daily support confirms another higher low.
Point of Control Resistance: Current local resistance must be breached for sustained upside.
Upside Potential: Successful breakout could propel BONK toward daily resistance and the swing high.

BONKUSDT (1D) Chart, Source: TradingView

The Golden Pocket region has once again acted as a reliable area of support for BONK, producing a bounce that aligns with broader bullish market structure. By establishing another higher low, BONK has reinforced the ongoing uptrend, keeping bullish momentum intact despite recent corrective moves.

The market structure now shows a consistent pattern of consecutive higher highs and higher lows. This is a hallmark of strong bullish trends, and the current bounce adds weight to the probability of continuation. Historical price action also reinforces this view, as BONK has previously accelerated after reclaiming the point of control during past expansions.

Currently, the point of control serves as the immediate local resistance. A close above this level is essential to validate the bounce and trigger a rotation toward daily resistance and the swing high. For the move to be sustained, strong and sustained bullish inflows on the volume profile are required. Without this confirmation, any breakout risks fading. Sustained demand, however, could open the door for an impulsive rally toward higher levels.

What to expect in the coming price action

BONK is at a key inflection point. If the bounce is confirmed with a breakout above the point of control, probability favors an accelerated move toward daily resistance and prior swing highs.

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September 8, 2025 0 comments

NFT Gaming

BTC Price Teases Rebound as DOGE, WLD, HYPE, ENA Pop: Crypto Daybook Americas

by admin September 8, 2025

By Omkar Godbole

The bearish sentiment that followed Friday’s disappointing U.S. nonfarm payroll data quickly ran out of steam over the weekend. That has allowed a few coins, including Ethena’s ENA, worldcoin WLD$1.2232, hyperliquid (HYPE) and dogecoin DOGE$0.2334, to post impressive gains in the last 24 hours.

Bitcoin BTC$112,080.20, which dropped below the key support level of $112,000 after the report, now appears to be forming a bullish inverse head-and-shoulders pattern, often a precursor to a strong rally. BTC’s mining difficulty hit a new high and Strategy (MSTR) Executive Chairman Michael Saylor hinted at additional BTC purchases.

On-chain indicators, however, paint a more nuanced picture for the largest cryptocurrency: The proportion of illiquid supply has surged to record highs, signaling holder conviction. Yet, as CryptoQuant points out, whales are offloading coins at the fastest pace since 2022.

Meanwhile, a lively debate unfolded on X regarding the health of the Ethereum blockchain. One observer pointed to August’s revenue of $39.2 million, the fourth-lowest since 2021, proclaiming, “Ethereum is dying.”

In response, Tom Dunleavy, a senior research analyst at Messari, pushed back strongly, noting that Ethereum and Solana are thriving in terms of total value locked (TVL), active addresses, transaction volume, application revenue and stablecoin activity. He emphasized that revenue alone is a misleading metric for blockchain networks, as it contradicts their fundamental goal of enabling low-friction, decentralized financial activity and could ultimately hinder ecosystem growth.

Ethena’s governance token, ENA, surged to three-week highs after StablecoinX, a treasury company linked to a synthetic dollar issuer planning a Nasdaq listing, raised $530 million saying it intended to buy the tokens. The protocol’s robust fundamentals, highlighted by seven-day revenues of $53 million — more than double those of Hyperliquid — combined with anticipated benefits from StablecoinX’s Nasdaq listing and potential Federal Reserve interest-rate cuts, position ENA as a compelling investment opportunity, according to pseudonymous observer Crypto Stream.

Speaking of Hyperliquid, the layer-1 blockchain and decentralized exchange’s plans to launch its own USDH stablecoin sparked a governance battle, with the community facing backlash over a proposal tied to Stripe’s Bridge platform’s centralized influence.

On the macro front, the yen held steady against the dollar, shrugging off Prime Minister Shigeru Ishiba’s resignation. France, meanwhile, seemed headed toward government collapse.

In the U.S., the Bureau of Labor Statistics (BLS) will release annual benchmark revisions on Tuesday, which are expected to show significantly weaker job growth earlier in the year, with some surveys suggesting that between 500,000 and 1 million jobs could be revised away. Stay alert!

What to Watch

Crypto
- Sept. 9: Shares of SOL Strategies (HODL), a Canadian company focused on investing in and providing infrastructure for Solana’s ecosystem, are expected to start trading on the Nasdaq Global Select Market under the ticker symbol STKE. OTCQB trading as CYFRF will end, and shares will continue on the Canadian Securities Exchange as HODL.
- Sept. 10, 9:15 a.m.: Comptroller of the Currency Jonathan V. Gould will talk about digital assets at the CoinDesk: Policy & Regulation Conference in Washington.
Macro
- Sept. 9, 8 a.m.: Mexico’s National Institute of Statistics and Geography releases August consumer price inflation data.
  - Core Inflation Rate MoM Prev. 0.31%
  - Core Inflation Rate Prev. 4.23%
  - Inflation Rate MoM Prev. 0.27%
  - Inflation Rate YoY Prev. 3.51%
- Sept. 9, 10 a.m.: The U.S. Bureau of Labor Statistics releases preliminary annual benchmark revision to employment data.
  - Nonfarm Payrolls Annual Revision Prev. -818K
- Sept. 10, 8 a.m.: The Brazilian Institute of Geography and Statistics (IBGE) releases August consumer price inflation data.
  - Inflation Rate MoM Prev. 026%
  - Inflation Rate YoY Prev. 5.23%
- Sept. 10, 8:30 a.m.: The U.S. Bureau of Labor Statistics releases August producer price inflation data.
  - Core PPI MoM Est. 0.3% vs. Prev. 0.9%
  - Core PPI YoY Prev. 3.7%
  - PPI MoM Est. 0.3% vs. Prev. 0.9%
  - PPI YoY Prev. 3.3%
Earnings (Estimates based on FactSet data)
- Sept. 9: GameStop (GME), post-market, $0.19

Token Events

Governance votes & calls
- Lido DAO is voting on a proposal to migrate Nethermind’s ~7,000 Ethereum validators to infrastructure operated by Twinstake, a staking provider co-founded by Nethermind. Voting ends Sept. 8.
- Uniswap DAO is voting to establish “DUNI,” a Wyoming DUNA as its legal entity, preserving decentralized governance while enabling off-chain operations and liability protections, with $16.5M in UNI for legal/tax budgets and $75K UNI for compliance. Voting ends Sept. 8.
- Uniswap DAO is voting on an updated Unichain-USDS Growth Plan to accelerate adoption through performance-based incentives and DAO-guided distribution. The proposal introduces minimum KPIs, a “no result, no reward” model. Voting ends Sept. 9.
- Hyperliquid to vote on who issues its USDH stablecoin. Major contenders include Paxos, Frax and a coalition involving Agora and MoonPay. Voting takes place Sept. 14.
Unlocks
- Sept. 9: Sonic (S) to unlock 5.02% of its circulating supply worth $46.02 million.
- Sept. 11: Aptos APT$4.3482 to unlock 2.2% of its circulating supply worth $48.86 million.
- Sept. 15: Starknet (STRK) to unlock 5.98% of its circulating supply worth $15.66 million.
- Sept. 15: Sei SEI$0.2982 to unlock 1.18% of its circulating supply worth $16.01 million.
- Sept. 16: Arbitrum ARB$0.5000 to unlock 2.03% of its circulating supply worth $46.05 million.
Token Launches
- Sept. 8: Openledger (OPEN) to be listed on Binance Alpha, MEXC and others.
- Sept. 8: OlaXBT (AIO) to be listed on Binance Alpha and others.

Conferences

The CoinDesk Policy & Regulation Conference (formerly known as State of Crypto) is a one-day boutique event held in Washington on Sept. 10 that allows general counsels, compliance officers and regulatory executives to meet with public officials responsible for crypto legislation and regulatory oversight. Space is limited. Use code CDB15 for 15% off your registration.

Token Talk

By Oliver Knight

Memecoins are showing fresh signs of life after months in the doldrums, with several popular tokens posting gains on Monday. The rally comes despite lingering skepticism following a string of celebrity-linked launches that flamed out earlier this year.
Bonk BONK$0.0₄2210, a Solana-based, dog-themed token, led the charge with a nearly 7% daily gain. Dogecoin DOGE$0.2334, the original memecoin, also climbed more than 7%, reaching $0.2335, while newer entrants like spx6900 SPX$1.3292 and pump.fun (PUMP) each outperformed the wider altcoin market.
The CoinDesk Meme Index (CDMEME) has gained 2.20% in the past 24 hours, outpacing the broad market CoinDesk 20 Index measure, which added 1.27%.
Other speculative assets, including the irreverently named fartcoin (FARTCOIN), also found buyers, adding to the sense of momentum across the sector. The rally suggests renewed appetite among retail traders for high-risk, high-reward bets after weeks of sideways action in the broader crypto market.
The rally marks a sharp turnaround for the sector, which has been depressed for months. A series of celebrity-driven launches, including TRUMP and MELANIA coins, drew headlines in recent months but quickly collapsed under the weight of poor liquidity, questionable tokenomics, and investor fatigue.
Layer-1 blockchain MemeCore (M), which is designed to cater to the memecoin sector, ignited the fuse last week, climbing 164% over a seven day period.
The wider crypto market cap is up 0.57% to $3.84 trillion as majors bitcoin BTC$112,080.20 and ether (ETH) began to lift themselves away from a critical level of support, suggesting renewed strength for the altcoin and memecoin markets as a result.

Derivatives Positioning

By Omkar Godbole

DOGE, SUI and HYPE have seen double-digit gains in futures open interest over the last 24 hours, significantly outpacing other top cryptocurrencies.
Dogecoin OI surged to 16.88 billion DOGE, the highest since July 31, validating the 7.5% surge in the cryptocurrency’s price. The token has broken out of a descending trendline characterizing the pattern of lower highs since mid-July.
BTC’s OI in USDT and USD-denominated perpetuals on major exchanges continues to hover in the recent range of 270K-290K BTC. An increase above 290K may be a harbinger of renewed price volatility.
On the CME, BTC’s standard futures OI remains at April lows while the ETH futures OI has pulled back to 1.87 million ETH from the record high of 2.2 million ETH, indicating capital outflows.
On Deribit, XRP and SOL calls trade at a premium to puts across all tenors, indicating a bullish bias. Meanwhile, BTC and ETH options signal lingering downside concerns.

Market Movements

BTC is up 0.39% from 4 p.m. ET Friday at $112,087.64 (24hrs: +0.8%)
ETH is up 0.26% at $4,328.09 (24hrs: +0.54%)
CoinDesk 20 is up 1.25% at 4,079.43 (24hrs: +1.92%)
Ether CESR Composite Staking Rate is down 9 bps at 2.81%
BTC funding rate is at 0.0091% (9.9634% annualized) on Binance

DXY is unchanged at 97.73
Gold futures are unchanged at $3,651.60
Silver futures are up 0.66% at $41.83
Nikkei 225 closed up 1.45% at 43,643.81
Hang Seng closed up 0.85% at 25,633.91
FTSE is up 0.10% at 9,217.42
Euro Stoxx 50 is up 0.49% at 5,344.27
DJIA closed on Friday down 0.48% at 45,400.86
S&P 500 closed down 0.32% at 6,481.50
Nasdaq Composite closed unchanged at 21,700.39
S&P/TSX Composite closed up 0.47% at 29,050.63
S&P 40 Latin America closed up 1.14% at 2,801.75
U.S. 10-Year Treasury rate is unchanged at 4.086%
E-mini S&P 500 futures are up 0.19% at 6,502.25
E-mini Nasdaq-100 futures are up 0.34% at 23,764.75
E-mini Dow Jones Industrial Average Index are up 0.11% at 45,510.00

Bitcoin Stats

BTC Dominance: 58.47% (unchanged)
Ether-bitcoin ratio: 0.03853 (-0.56%)
Hashrate (seven-day moving average): 973 EH/s
Hashprice (spot): $51.88
Total fees: 3.23 BTC / $358,958
CME Futures Open Interest: 134,065 BTC
BTC priced in gold: 30.8 oz.
BTC vs gold market cap: 8.72%

Technical Analysis

DOGE’s daily chart with the Ichimoku cloud. (TradingView/CoinDesk)

DOGE’s two-day price rise has taken it past the trendline characterizing the decline from July 21’s high of 28.7 cents.
Prices now look to be crossing into bullish territory above the Ichimoku cloud, a widely tracked momentum indicator.
That would shift the focus to 25.58 cents, the Aug. 14 high.

Crypto Equities

Coinbase Global (COIN): closed on Friday at $299.07 (-2.52%), +0.81% at $301.50 in pre-market
Circle (CRCL): closed at $114.56 (-2.49%), +0.7% at $115.35
Galaxy Digital (GLXY): closed at $23.49 (+2.53%), -0.38% at $23.40
Bullish (BLSH): closed at $52.35 (+6.81%), -0.78% at $51.98
MARA Holdings (MARA): closed at $15.19 (+0.53%), +0.33% at $15.24
Riot Platforms (RIOT): closed at $13.29 (+0.99%), +0.3% at $13.33
Core Scientific (CORZ): closed at $13.62 (0%), +1.32% at $13.80
CleanSpark (CLSK): closed at $9.24 (+1.76%), +0.54% at $9.29
CoinShares Valkyrie Bitcoin Miners ETF (WGMI): closed at $29.45 (+0.96%)
Exodus Movement (EXOD): closed at $24.03 (-1.15%)

Crypto Treasury Companies

Strategy (MSTR): closed at $335.87 (+2.53%), -2.02% at $329.10
Semler Scientific (SMLR): closed at $28.12 (+0.11%)
SharpLink Gaming (SBET): closed at $14.94 (-3.21%), -0.37% at $14.88
Upexi (UPXI): closed at $6.04 (-4.58%), +2.65% at $6.20
Mei Pharma (MEIP): closed at $4.23 (-0.94%), -20.33% at $3.37

ETF Flows

Spot BTC ETFs

Daily net flows: -$160.1 million
Cumulative net flows: $54.47 billion
Total BTC holdings ~1.29 million

Spot ETH ETFs

Daily net flows: -$446.8 million
Cumulative net flows: $12.74 billion
Total ETH holdings ~6.42 million

Source: Farside Investors

Chart of the Day

Monthly purchases of bitcoin by BTC Treasury companies. (CryptoQuant)

The chart shows that companies have significantly slowed their purchases of BTC in recent months.
In August, Strategy and other firms cumulatively added 3,700 BTC to their stash, down from 134,000 BTC in November last year.
The slowdown in buying helps explain BTC’s stalled price rally.

While You Were Sleeping

EasyJet Founder Adds Crypto Trading to His Cut-Price Empire (Bloomberg): Stelios Haji-Ioannou will launch easyBitcoin this month with Uphold, saying President Trump’s election pushed crypto into the mainstream and promising lower-cost bitcoin and ether trading under his expanding “easy” brand.
Hyperliquid Faces Community Pushback Against Stripe-Linked USDH Proposal (CoinDesk): Hyperliquid’s plan to replace USDC with a native stablecoin has drawn bids from Stripe, Paxos, Frax and an Agora–MoonPay coalition, with validators set to choose the USDH issuer Sept. 14.
Crypto Exchange HashKey Plans $500M Digital Asset Treasury Fund (CoinDesk): The Hong Kong–based exchange is launching a $500 million fund targeting digital asset treasury projects, starting with bitcoin and ether, to build an institutional bridge between traditional financial capital and on-chain assets.
Russia Unleashes Largest Drone Assault of War, Setting Government Building Ablaze (The New York Times): 805 drones and 13 missiles reached Ukraine on Sunday, with 60 drones and nine missiles getting through. Debris from a downed drone set Kyiv’s Cabinet of Ministers building on fire.
Japanese Lawmakers Launch Leadership Bids After PM Resigns, Yen Sinks (Reuters): Japan’s ruling party will choose a new leader Oct. 4 after Shigeru Ishiba’s Sunday resignation, fueling expectations of looser fiscal policy and a delay to Bank of Japan rate hikes.
Javier Milei Suffers Stinging Setback in Buenos Aires Polls (Financial Times): A Peronist coalition beat Javier Milei’s grouping in Argentina’s largest province as voter anger over soaring living costs and a corruption scandal tied to his sister Karina eroded his support before October’s congressional midterms.

In the Ether

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September 8, 2025 0 comments

NFT Gaming

NFT Sales Hit $91.9M, Lowest Weekly Total Since June as Buyers Drop 58%

by admin September 8, 2025

Non-fungible token (NFT) sales volume dropped to $91.96 million in the first week of September, setting the lowest weekly sales figure since mid-June, according to data from NFT tracker CryptoSlam.

The NFT sales dip last week follows sustained momentum for NFTs throughout July and August. In the last eight weeks, weekly sales volume for digital collectibles never dropped below $115 million, showing strong momentum.

From July 21 to 27, digital collectibles saw $170 million in weekly sales. This marked their third-highest weekly performance this year, following the highest weekly figures above $170 million recorded in mid-January.

The NFT slump last week put the sales volume back near levels last seen in June 16 to 22, when sales hit a low of $90 million.

Unique NFT buyers down 58% since mid-June

While NFT sales volumes were lower from June 16 to 22, the number of unique buyers was near 487,264, suggesting that collectors remained interested in purchasing NFTs despite lower average sale values going to a low of $57.

From Sept. 1 to 7, unique buyers for NFTs hit 199,821, a 58% drop compared to their record mid-June. On the other hand, unique sellers dropped to 145,877 last week, a 43% decline from 258,803 sellers from June 16 to 22.

In addition to a shrinking number of buyers and sellers, average sale prices also started to drop. Throughout August, the average sale value for NFTs was above $104 before dipping in the last week of August to $82. In the first week of September, the figure further dropped to $72, a 30% decline in just two weeks.

Despite lower volumes, the overall transaction count remained relatively high at 1.27 million, suggesting continued trading activity despite smaller transaction sizes.

Related: Rarible bets on fee redistribution to outlast NFT farming hype

Adoption drove strong NFT sales in July and August

Last Friday, DappRadar analyst Sara Gherghelas attributed the strong NFT performances in the last two months to increasing NFT adoption.

She brought up the opening of a permanent NFT art gallery inside a club in Ibiza, an island near Spain. The gallery showcased works from NFT artists like Beeple and Mad Dog Jones.

Another key drive was Base, the layer-2 network of crypto exchange Coinbase. In August, Base became the third-largest chain by 30-day volume.

Magazine: Astrology could make you a better crypto trader: It has been foretold

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September 8, 2025 0 comments

NFT Gaming

First-Ever Dogecoin ETF Could Send DOGE Price Toward $0.30 Breakout

by admin September 8, 2025

Probably the most popular meme coin, Dogecoin (DOGE), is about to do a “first ever” trick again, into territory no meme coin has ever reached before as the Dogecoin ETF looks set to launch this week.

Behind it is Rex-Osprey, which filed for a DOGE ETF under the ticker DOJE previously this year, and according to Nate Geraci, the approval now looks imminent with the next two months shaping up to be extra important for crypto ETFs.

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The new fund will hold Dogecoin directly while also using derivatives such as futures and swaps to manage exposure, with a mandate that requires at least 80% of net assets to remain tied to the meme coin.

At the same time, managers left themselves room to tap into other crypto ETFs if needed, a flexible structure that mirrors Bitcoin and Ethereum products but is still unprecedented for DOGE.

Dogecoin (DOGE) price under microscope

On Crypto Twitter, the reaction was instant. Unipcs, widely known as “Bonk Guy” after making his fortune on a leveraged BONK long, pointed to the timing and pulled up a price chart that shows DOGE building pressure under a descending trendline.

The price has been at $0.228 with a 6% daily push, the RSI is around 55 and the wedge formation puts $0.25 and $0.30 as breakout lines above, while $0.20 sits as the main support to watch. The setup looks like a textbook squeeze just as the ETF headlines begin to circulate. The narrative in such situations is like the last piece of the puzzle.

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Whether DOJE attracts strong inflows like Bitcoin or Ethereum ETFs is the main question, but the listing itself signals another step in crypto’s shift toward mainstream packaging. From a joke token to Wall Street-style funds, Dogecoin’s path keeps surprising the market — and this week could mark its most unlikely milestone imaginable.

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September 8, 2025 0 comments

Ethereum news how rich is Vitalik Buterin

NFT Gaming

How Rich Is Ethereum’s Vitalik Buterin? Arkham’s 2025 Report

by admin September 8, 2025

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Arkham Intelligence’s new deep-dive, shared via X on September 6, pegs Vitalik Buterin’s wealth at “at least $1.05 billion”—a lower-bound tally built from identified on-chain assets and known private holdings. The report situates the estimate as of August 2025 and emphasizes that it fluctuates intraday with Ether’s price.

How Rich Is Ethereum Co-Founder Vitalik Buterin?

The backbone is Ether itself. Arkham attributes ~240,042 ETH to Buterin’s known wallets and notes that over 99% of his crypto portfolio value is in ETH. At the time of writing in the report, ETH was $4,321, implying roughly $1.04 billion of ETH exposure alone and explaining the tight co-movement between his net worth and ETH’s market cycle.

Historically, Arkham reconstructs a precise balance-history curve. On December 31, 2015, Buterin’s known crypto wealth stood at $596,760; by December 31, 2016 it was $4.23 million, then $278.37 million a year later—his largest year-over-year jump in the 2017 bull run.

He first crossed the on-chain billionaire mark at age 27 during 2021 as ETH traded above $3,000, and briefly peaked at $2.09 billion on November 18, 2021 with ETH near its cycle high. The subsequent bear market slashed the mark-to-market value by roughly 75%, from $1.2 billion (Dec 31, 2021) to $300.58 million (Dec 31, 2022), before recovering to $1.05 billion in the 2024–2025 rebound.

“The peak of Vitalik’s crypto net worth was in May 2021, when 50% of the supply of the memecoin SHIB was sent to him and was briefly worth $20 Billion. Vitalik donated those tokens to charity and did not profit off of this memecoin,” Arkham writes.

On ownership concentration, Arkham compares Buterin to other top-tier ETH holders. The ETH2 (Beacon) deposit contract leads with 66,887,347.41 ETH, followed by exchange and ETF-custody clusters (Coinbase, Binance, Kraken, Robinhood, Grayscale, BlackRock). Arkham concludes Buterin is the largest identifiable individual with access to his coins, while Estonian banker Rain Lõhmus sits on ~250,000 ETH that are believed to be inaccessible due to lost keys.

The Ethereum co-founder’s own disclosures anchor the percentages. In October 2018 he wrote: “I never had 900k ETH. When I had 0.9% of all ETH, the supply was ~75 million.” That statement frames Arkham’s finding that his share never materially exceeded ~0.9% and has trended down over time as he sold or donated and as supply evolved.

Non-ETH positions are small in dollar terms but spelled out with exact counts. As of publication, Arkham shows 10,000,000,000 WHITE (~$3.72 million), 30,000,000,000 MOODENG (~$690,000), and 869,509 KNC (~$327,000) among his larger non-ETH tokens. The long tail includes $12,400 of TORN linked to Tornado Cash usage and 218,413,000 SHIB (~$2,720) remaining on known addresses.

Buterin has publicly explained some of the flows that complicate “sales” tallies. In August 2022 he stated, “I’ll out myself as someone who has used [Tornado Cash] to donate to this exact cause,” referring to donations to Ukraine; he has also said that exchange-bound transfers from his wallets since 2018 have been for donations, not personal profit-taking.

Off-chain, Arkham highlights early equity in zero-knowledge firm StarkWare, which reached an $8 billion valuation in its 2022 Series D—an illiquid but potentially meaningful additive to the on-chain floor. Precise sizing of these stakes is not disclosed, so Arkham treats the $1.05 billion as a conservative baseline rather than a cap.

At press time, Ethereum traded at $4,298.

Ethereum remains below key resistance, 1-week chart | Source: ETHUSDT on TradingView.com

Featured image created with DALL.E, chart from TradingView.com

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.

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September 8, 2025 0 comments

Solana’s Alpenglow upgrade vote passes with 98% approval

NFT Gaming

SOL price forms rare bullish setup hinting at rally to $237

by admin September 8, 2025

SOL price rose 16% over the past month as it traded within a symmetrical triangle pattern, a breakout from which could likely push it to as high as $237 over the coming days.

Summary

SOL price has rebounded 33% since hitting its August low.
The token looks poised to confirm a bullish breakout from a symmetrical triangle pattern.
NFT sales on the Solana network have picked up pace over the last 24 hours.

According to data from crypto.news, Solana (SOL) rallied to an intraday high of $208.5 on Sep. 8 morning, Asian time, before settling at $207.7 as of press time. At this price, it is up 33% above its August low and nearly 100% higher than its lowest point this year.

The token’s gains over the past month came amid growing demand from derivative traders. For instance, SOL futures open interest has risen to $12.9 billion as of press time, up from $9.5 billion on the same day last month.

Its weighted funding rate has also remained consistently positive since Aug. 7, a sign that derivative investors have remained bullish on SOL’s short-term price outlook.

Amid such bullish sentiment, SOL price now looks poised to confirm a bullish setup on a rare pattern that has been forming on the 4-hour chart.

Notably, SOL price had been trading within a symmetrical triangle pattern since late August. The pattern is formed when the price makes lower highs and higher lows, converging into a narrowing range that indicates a period of consolidation.

SOL price looks poised for a breakout from a symmetrical triangle pattern on the 4-hour chart — Sep. 8 | Source: crypto.news

At press time, SOL is trading within spitting distance of confirming a break above the upper trendline of the pattern.

A look at the momentum indicators strengthens the possibility of such an occurrence. The MACD line has moved above the signal line, a factor that points to a strengthening uptrend in the short term. Further, the Relative Strength Index has been trending upwards and currently lies at 56, signaling a shift from a neutral to bullish trend with still room to run before hitting overbought levels.

Hence, if SOL price manages a clean breakout over $208.8, which marks the upper boundary of the symmetrical pattern, it would confirm a bullish breakout, with a rally to as high as $237 in the cards, a projected target based on the height of the pattern.

However, the setup will be invalidated if SOL price falls below the lower trendline of the pattern, which could then turn into a bearish breakdown, potentially leading to further losses.

One of the top catalysts that could support SOL’s price gains over the coming days is the imminent Nasdaq listing of SOL Strategies, a firm that was previously trading on the over-the-counter (OTC) market. This transition to a major U.S. exchange would mark a big milestone for the company and is expected to enhance the company’s visibility and ability to raise funds.

SOL Strategies has emerged as one of the largest institutional holders of Solana, with a current stash exceeding $87 million worth of SOL tokens. In addition to its existing position, the firm has unveiled plans to raise up to $500 million to further expand its SOL reserves.

A successful listing on Nasdaq would likely facilitate that capital raise, indirectly benefiting Solana by tightening available supply and signaling deeper institutional confidence in the network.

Beyond the listing, regulatory developments could serve as another bullish tailwind.

Several SOL-based ETF proposals are currently under review by the U.S. Securities and Exchange Commission. If approved, these ETFs could pave the way for broader institutional access to Solana, potentially unleashing significant inflows into the asset class.

Adding to the bullish narrative, Solana’s NFT ecosystem is showing signs of resurgence. Over the past 24 hours, sales volume for Solana-based NFTs has surged by 47%, accompanied by a similar rise in the number of active buyers.

This rebound comes after a period of declining interest, and could reignite retail and speculative demand, further strengthening Solana’s market momentum.

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

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September 8, 2025 0 comments

NFT Gaming

Hyperliquid Validators to Decide USDH Ticker in First Governance Test Following Pushback

by admin September 8, 2025

In brief

Validators will decide the USDH ticker in an on-chain vote scheduled for September 14.
Hyperliquid claims the ticker carries no special privileges, while analysts see it as a push to reduce reliance on USDC.
Analyst estimates suggest USDH could divert $5.5 billion from USDC and generate $220 million annually for HYPE holders.

Hyperliquid, a decentralized exchange and Layer-1 chain, is slated to place the USDH ticker through a validator vote this month, testing the role of onchain governance in shaping its stablecoin strategy.

In an update posted Sunday to clarify guidelines, the team behind Hyperliquid said the vote concerns only the ticker and does not grant USDH “any special privileges by nature of its ticker name,” adding that USDH “will be only one of many such stablecoins” for its chain.

USDH is the project’s proposed native U.S. dollar stablecoin, intended to serve as an alternative to bridged assets like USDC.

The proposal deadline is September 10 at 10:00 UTC, with validators expected to declare by September 11 before voting takes place on September 14 between 10:00 and 11:00 UTC.

Hyperliquid also said that quote assets, the base currencies used to denominate trading pairs, will become permissionless after upcoming technical upgrades, allowing anyone to create new pairs without approval.

It’s worth noting that the Foundation’s validators will abstain from the vote by aligning with whichever team secures the most non-Foundation support, a mechanism meant to reduce perceptions of centralized influence while keeping the process stake-based.

Still, the vote comes amid unease from some existing stablecoin teams on Hyperliquid, who argue that reopening the USDH ticker risks disadvantaging protocols that were previously forced to build under different names.

Testing opposition

Observers told Decrypt the USDH vote could be a test of Hyperliquid’s effort to use governance to reduce stablecoin dependence.

By putting the ticker to a vote, Hyperliquid is showing that it is “consciously positioning itself in opposition to the centralized control characteristic of many exchanges,” Jaehyun Ha, research analyst at quantitative trading firm Presto, told Decrypt. Such a move elevates “community oversight and transparency as central pillars of its strategy,” he added.

The governance model also “reinforces Hyperliquid’s narrative that it is building a “Hyperliquid-aligned, compliant USD stablecoin” supporting its ecosystem, instead of “relying on external issuers,” Ha said.

The economic design of USDH is also central to its intended role within the Hyperliquid ecosystem.

Hyperliquid’s planned stablecoin aims to cut reliance on USDC and recycle reserve income, with estimates suggesting a 15% liquidity share could divert $5.5 billion and yield $220 million annually for HYPE holders, Ha said.

At this scale of capture, USDH could transform from a stablecoin to become a “powerful economic lever” within Hyperliquid’s ecosystem, Ha added.

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September 8, 2025 0 comments

NFT Gaming

Dogecoin Builds Higher Lows While Resistance Holds

by admin September 8, 2025

Dogecoin posted a controlled rise within a tight intraday band, with buyers repeatedly defending the $0.213–$0.214 area and sellers leaning into the $0.220–$0.221 zone. Momentum improved on rebounds where volume rose above session norms, but late momentum fades kept price pinned just below resistance into the close.

News Background

No confirmed catalyst headlines drove the move. The session was dominated by order-flow dynamics around $0.21 support and $0.22 resistance.
Prior references to “all-time highs,” ETF filings, or treasury announcements were removed due to lack of verification. This readout focuses strictly on observable price and volume behavior.
Broader meme-coin flows were mixed, with rotation evident intraday but no sector-wide breakout confirmed by closing strength.

Price Action Summary

Traded a ~$0.008–$0.010 range, roughly 3–4% swing, with lows near $0.213–$0.214 and highs probing $0.220–$0.221.
The steepest leg lower came mid-session toward $0.213, where buying stepped in quickly, producing a V-style rebound.
Rebound attempts stalled beneath $0.22, with multiple rejections clustering in the $0.220–$0.221 band.
Closing hour showed fading momentum, leaving price stabilized just under resistance and preserving the intraday higher-low structure.

Technical Analysis

Support: $0.213–$0.214 is the intraday demand zone. A sustained break below exposes $0.210–$0.212 and then $0.205.
Resistance: $0.220–$0.221 remains the immediate ceiling. Above that, reference levels sit at $0.224–$0.226 and $0.230.
Momentum: RSI holding around the mid-50s reflects a neutral-to-bullish bias without overextension.
MACD: Histogram is converging toward a potential bullish crossover, consistent with accumulation on dips rather than chase buying.
Pattern: Ongoing sideways consolidation under $0.22. A clean break and hold above $0.221 on expanding volume would confirm continuation; failure keeps the chop intact.
Volume profile: Reversal bounces printed relative volume outperformance, while tests into resistance saw participation fade, signaling the need for stronger sponsorship to break through.

What Traders Are Watching

Can DOGE close above $0.221 with volume expansion. A decisive daily close through resistance would validate a shift from range-bound trade to continuation, opening $0.224–$0.226 first, then $0.230. Repeated failures invite mean-reversion back toward $0.214.
Depth and absorption at $0.213–$0.214. Persistent resting bids and quick reclaim behavior support the bull case. Thinner books or slower rebounds would warn that dip demand is weakening.
Quality of the breakout if it occurs. Traders will look for higher highs and higher lows on intraday frames, shrinking wicks at highs, and rising participation rather than a single spike that reverses.
Derivatives posture. Funding, open interest, and long-short skew should confirm spot strength. Rising OI with stable funding is healthier than a crowded long build with premium that invites squeezes.
Correlation to BTC and meme-sector breadth. A BTC push through nearby resistance or broader meme-coin confirmation often improves follow-through. Divergence would temper upside expectations.

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September 8, 2025 0 comments

NFT Gaming

XRP Runs Out of Chances vs Bitcoin (BTC)

by admin September 8, 2025

XRP’s bid to prove itself against Bitcoin has run out of steam, and the charts are starting to make that clearer with each passing week.

What initially looked like the start of a major breakout on the XRP/BTC pair now resembles the shape of a double top, a formation that typically indicates weakness rather than strength and basically says that the trend is exhausted.

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The rally that began earlier this year lifted XRP above its 200-week average. For a moment, it seemed like the token might chip away at Bitcoin’s lead. The price pushed into the 0.00003200 BTC region twice, only to be rejected both times, sending the pair back toward familiar support levels.

Source: TradingView

The inability to extend higher after those attempts has left 0.00002200 BTC as the line to watch, because, historically, once this level is lost, the structure usually breaks toward 0.00002000 BTC. Moving averages flattening across the board add weight to the argument that the upside potential has been spent.

Digging deeper

On shorter time frames, the picture is no better. The pair has been stuck between resistance near 0.00002600 BTC and the 200-day average. Every bounce is quickly shut down, and every defense looks less convincing than the last. Sellers have dictated the pace, while buyers have done just enough to hold their ground without shifting the balance.

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This all plays out while Bitcoin itself trades above $111,000. Meanwhile, XRP holds at $2.83 against the dollar but struggles against BTC.

Unless XRP can break through its ceiling decisively, the current impression is that the token has already exhausted its opportunities, with Bitcoin maintaining the upper hand.

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September 8, 2025 0 comments