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Massive 300 Million XRP Injection, Bitcoin's 'Quantum Hack' Theory, Shiba Inu (SHIB) 2025 Breakout Setup: Crypto News Digest
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Massive 300 Million XRP Injection, Bitcoin’s ‘Quantum Hack’ Theory, Shiba Inu (SHIB) 2025 Breakout Setup: Crypto News Digest

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XRP exchange reserves jump by 300 million tokens in 24 hours

XRP is back in the news after 300 million tokens, worth almost $885 million, were moved into crypto exchanges in just 24 hours. The surge lifted exchange reserves above $10.3 billion and set the stage for what may be a major price swing for the popular cryptocurrency.

Scale of inflows: 300,000,000 XRP entered exchanges in 24 hours, raising liquidity to multi-month highs.

Price reaction: XRP rebounded from $2.77 to $2.95 but has yet to break the $3.07 resistance.

Risk ahead: Extra supply on exchanges could tilt the balance toward selling pressure.

XRP’s position at the moment is tricky, to say the least. On the one hand, bouncing back from $2.77 and holding the 100-day EMA suggests that bulls are still in charge. But if there is fresh supply coming into exchanges, it might increase the risk of sell pressure if whales decide to offload.

What to watch out for next is the $3.07 barrier, which lines up with the 50-day EMA. Should it break, the path toward the $3.30-$3.50 region will open, and that is where selling picked up during previous rallies. If XRP does not clear that line, though, it risks falling back to $2.77, with the 200-day EMA at $2.53 acting as a deeper support “cushion.”

For now, with relative strength holding near the midline and trading volumes low, the market is waiting for confirmation of direction. It is pretty likely that there will be some volatility, but the endgame will depend on whether the reserves are used to aggressively sell or to keep as strategic liquidity.

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Bitcoin faces “quantum threat” again, but it’s still only theory

The “FUD of the week” award goes to Josh Mandell, a former Wall Street trader, who caused a big stir in the crypto community, by saying that quantum computing is already being used to steal coins from old Bitcoin wallets.

Mandell’s claim: Quantum tech has apparently let a “big player” drain some long-dormant wallets.

Community reaction: Bitcoin analysts dismissed the idea as unrealistic and mocked the theory online.

Reality check: Breaking Bitcoin security still requires technology decades away.

What happened is that Mandell argued on X that stolen Bitcoin is being quietly accumulated off-market, with on-chain analysis as the only safeguard. However, experts immediately pushed back, stressing that the millions of qubits needed to break Bitcoin simply do not exist today.

In particular, security researchers like Harry Beckwith and Matthew Pines labeled the suggestion false, while other commentators openly ridiculed it.

There are some concerns in place as quantum computing is advancing — Microsoft and Google recently unveiled new chips — but specialists agree it will take decades before such machines could threaten Bitcoin’s encryption.

Some, like cypherpunk Jameson Lopp, still urge long-term preparation in case quantum attacks become feasible, but even he points to the distant horizon, not the present. For now, Bitcoin’s cryptography remains safe, according to common knowledge.

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Shiba Inu’s (SHIB) 2025 breakout setup comes into focus

Being the biggest meme coin on Ethereum means always headlining the news, and Shiba Inu (SHIB) delivers. In today’s digest, the highlight is the fact that the meme cryptocurrency’s price is tightening inside a symmetrical triangle pattern, preparing for one of its biggest moves of the year.

Key resistance: The upside targets are defined by $0.00001297 (100-day EMA) and $0.00001388 (200-day EMA).

Support levels: The base is still at $0.00001200, but if SHIB loses that, it could be exposed to $0.00001150 and $0.00000950.

Indicators: The RSI is at 47 and falling, and there has been a bit of indecision before a breakout.

The way things are set up right now puts SHIB in a bit of a tricky position, just like XRP. The bullish scenario is that a breakout above $0.00001297 backed by strong volume drives Shiba Inu toward $0.00001450-$0.00001500, the same region where sellers capped the July rally. Clearing that ceiling shifts the broader picture back toward bullish control for the Shiba Inu coin.

Failure to defend $0.00001200, however, turns the structure bearish, exposing $0.00001150 per SHIB as the next stop and reopening the path down to $0.00000950, last touched in early summer. With RSI neutral and volume thinning, the pattern is nearly at its peak, and the outcome promises to be SHIB’s most significant move of 2025. Call it the potential Breakout of the Year.

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Federal Reserve Chairman Jerome Powell testifies Thursday before the U.S. Senate.
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RSI Turns Bullish, Price Turns After Failed Breakout Above $3

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XRP struggled to maintain momentum above the $3.00 threshold on September 9–10, with heavy institutional selling wiping out early gains. Despite a push to $3.035, volume-driven liquidation erased upside attempts and pulled the asset back to $2.94 by session close.

The move is indicative of mounting resistance near $3.02, even as traders weigh ETF catalysts and rising exchange reserves that may temper bullish momentum.

News Background

• Federal Reserve’s September 17 meeting is expected to deliver a 25-basis-point rate cut, with markets assigning near-certainty to the outcome — a potential liquidity driver for risk assets.
• Six XRP spot ETF applications await SEC review in October, a decision traders see as pivotal for institutional adoption.
• Exchange custody balances for XRP hit a 12-month peak, raising concerns about near-term selling pressure despite whale accumulation patterns in recent weeks.
• Analysts note parallels to XRP’s July breakout failure, suggesting market structure is again being tested at the $3.00 barrier.

Price Action Summary

• XRP traded in a $0.10 band (2.9%) from $2.935 to $3.035 between September 9 at 03:00 and September 10 at 02:00.
• Token advanced to $3.035 during morning trading but faced immediate rejection near $3.02 resistance.
• A 14:00 selloff dropped XRP from $3.018 to $2.956 on 165.67M volume — nearly triple the daily average.
• Price consolidated into the close between $2.94 and $2.96, with subdued activity averaging 650k volume per minute.

Technical Analysis

• Resistance: $3.02–$3.04 level capped upside, with multiple rejections on high volume.
• Support: $2.94 zone tested and held, suggesting accumulation by institutional players.
• Momentum: RSI shows early bullish divergence, but exchange reserves at highs weigh on follow-through.
• Structure: Failed breakout implies consolidation within $2.94–$3.00 unless volume returns.
• Range: 3% intraday swings highlight institutional-driven volatility.

What Traders Are Watching

• Whether XRP can sustain closes above $2.95 to build momentum for a $3.02 breakout.
• Exchange custody balances at 12-month highs — will inflows convert to sustained selling pressure?
• SEC’s October ETF rulings, which could act as a structural catalyst if approvals land.
• Fed’s September 17 rate cut decision, with traders positioning for its impact on dollar liquidity.
• Whale inflows — 340M tokens accumulated in recent weeks — and whether buying offsets exchange distribution.



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

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

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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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Shiba Inu (SHIB) Biggest 2025 Breakout Is Around, Bitcoin (BTC) Recovery Failed, Ethereum (ETH): Worst Since Hitting $4,000?
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Shiba Inu (SHIB) Biggest 2025 Breakout Is Around, Bitcoin (BTC) Recovery Failed, Ethereum (ETH): Worst Since Hitting $4,000?

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The market might be on the verge of a big volatility surge in the next few weeks. Shiba Inu is forming a breakout pattern, Bitcoin might hit new lows quite soon, and Ethereum is in its worst state since it climbed back above $4,000.

Shiba Inu: Steady and ready

One of the biggest breakouts of SHIB in 2025 may be on the horizon as the asset coils tighter within a symmetrical triangle. Since the middle of August, the pattern has been developing with higher lows and lower highs combining to form a condensed range around $0.00001236. For SHIB traders, the next few days are crucial because these setups usually resolve with significant volatility.

SHIB/USDT Chart by TradingView

  • A verified breakout above the upper trendline would put immediate resistance at $0.00001297 (100-day EMA) on the bullish side. If there is a significant volume clearing this level, SHIB may move toward the 200-day EMA at $0.00001388.
  • The $0.00001450-0.00001500 region, last observed in July where prior rejection initiated the current downtrend, could even be tested by a more vigorous rally. The larger structure would shift back in favor of bulls if momentum continued above these levels.
  • On the other hand, the triangle may break downward if SHIB is unable to maintain its base close to $0.00001200. The first support would be $0.00001150, and bears would then have the chance of retesting the $0.00000950 zone, which hasn’t been seen since the early summer.

Indecision is highlighted by technical indicators. The neutral configuration is highlighted by the RSI, which is at 47 and neither overbought nor oversold. As the breakout direction is determined, volume has been steadily declining during the consolidation, which is a classic prelude to a big move.

All things considered, Shiba Inu is getting closer to the summit of a significant triangle. For confirmation, traders should keep a close eye on $0.00001297 on the upside and $0.00001200 on the downside. SHIB’s largest move of 2025 might be a bullish breakout, which could rekindle retail enthusiasm if momentum pushes it toward the mid-$0.00001400s.

Bitcoin reversal limited

Recent attempts by Bitcoin to recover have failed, suggesting that the post-sell-off bounce may already be at its limit. Bitcoin failed to overcome this crucial resistance once more after rallying to retest the $112,000 area, leaving the larger structure open to additional declines.

Due to its location just below the 50-day moving average (blue line) and the local resistance cluster between $114,000 and $116,000, the rejection at $112,000 is especially significant. Bulls could have regained short-term momentum with a successful breakout here, but the inability to hold higher levels indicates that sellers are still in control. Bitcoin is currently trading at about $111,121, but there is a growing chance that it will fall further.

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The 100-day EMA, which is located close to $110,785, is the next important support. Bitcoin will probably test the 200-day EMA at $104,520 — a level that hasn’t been reached since May, if this doesn’t hold. Following the robust rally earlier this summer, such a move would confirm a deeper correction phase.

Momentum indicators support this pessimistic outlook. A lack of buying strength is indicated by the RSI, which is at 46, just below neutral. Compared to June and July, trading volume has also drastically declined, indicating a noticeable drop in market zeal. Bitcoin appears more likely to grind lower rather than stage another quick surge in the absence of fresh demand inflows.

Ethereum stalemate ends

Following weeks of intense volatility, Ethereum’s price action has flattened out entering a stalemate phase. With its current price hovering around $4,300, ETH is having trouble gaining traction and the overall picture indicates that momentum is ebbing rather than increasing. Short-term moving averages are the problem. At $4,144, ETH is currently sandwiched between the 26-day EMA and the 50-day EMA.

Normally, this squeeze indicates an impending breakout, but in this instance the setup appears more bearish than bullish. ETH may have already peaked for this leg of the cycle, according to worries raised by its inability to regain significant upward momentum after breaking $4,000 earlier in the summer. If sellers seize the initiative, ETH may first test the 100-day EMA level of $3,607, which served as dynamic support during the July rally.

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Failure there would probably push the asset closer to the 200-day EMA, which is at about $3,190, and would indicate a more severe correction phase. Conversely, a recovery could occur, but given the current technicals, the likelihood seems low. With the RSI at 52, it is close to neutral but does not have the strength to enter overbought territory. Additionally, since mid-August trading volumes have been dropping, indicating hesitancy on the part of both bulls and bears.

It is unlikely that ETH will experience a sustained rebound in the absence of a spike in demand. To put it briefly, Ethereum is displaying its weakest position since regaining the $4,000 mark. ETH may continue to move lower over the next few weeks due to a chart setup that leans toward a downside break and the lack of obvious bullish catalysts. Whether Ethereum stabilizes or moves into its next correction wave will be determined by traders in the $4,144-$3,607 range.

To summarize, the market is in a weird position: Some assets clearly show a possibility of a recovery, while others are struggling to reach values that we’ve witnessed a few weeks ago. Realistically, the market can go both ways, but with Bitcoin struggling to recover, the bullish scenario seems unlikely.



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Ethena price nears 80% breakout as key metrics hit ATH
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Ethena price nears 80% breakout as key metrics hit ATH

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Ethena price rose to its highest point in over two weeks as its total value locked (TVL) and revenues jumped to a record high.

Summary

  • Ethena price could jump by 80% this year as its total value locked soars.
  • It has jumped to over $12.8 billion, up from the year-to-date low of $5 billion. 
  • StablecoinX is raising more money to accumulate more ENA tokens.

Ethena (ENA) token jumped to $0.7660, up by over 230% from its lowest point this year. This recovery pushed its market cap to over $5.8 billion and its fully diluted valuation to $11.1 billion. 

Ethena price has jumped amid the ongoing ecosystem growth, with the total value locked soaring to a record high of $12.85 billion, much higher than the year-to-date low of $5.5 billion. Its TVL has been on an upward trajectory since 2024, when it started the year at $79 million. 

The TVL is driven by its USDe synthetic stablecoin that is held by almost 800k users and has an annual return of 7%, higher than the government bond yield of 4%. 

This growth has led to more fees and revenue in the network. Its fees in the third quarter so far is $109 million, higher than the $27 million it made in the same quarter last year. Its revenue so far is $7.65 million, up from $1.15 million in Q2.

ENA price has also jumped amid the ongoing accumulation by StablecoinX, which is raising $530 million. It has already raised $895 million in financing, which will see it add over 3 billion tokens to its balance sheet. 

StablecoinX Inc. @stablecoin_x has announced an additional $530 million capital raise as part of its $ENA accumulation strategy.

To date, StablecoinX has raised a total of approximately $895M in PIPE financing, which is expected to result in a vehicle with over 3 billion ENA… pic.twitter.com/pdkl1D8u5x

— Ethena Labs (@ethena_labs) September 5, 2025

These acquisitions will boost ENA’s demand at a time when whales have continued to accumulate it. They now hold 57 million ENA tokens, up by over 32% in the last 30 days.

Ethena price technical analysis 

ENA price chart | Source: crypto.news

The daily timeframe shows that the ENA price has strong technicals that may push it much higher in the coming weeks. It has formed a double bottom pattern at $0.2490 and a neckline at $0.4570. 

The coin formed a golden cross pattern in July as the 50-day and 100-day moving averages crossed each other. Most recently, it has formed a bullish flag pattern and has moved above the upper side of its channel.

Therefore, the token will likely have a strong bullish breakout, with the initial target being at $0.8595, the upper side of the flag. A move above that price will push it to the resistance point at $1.3255, its highest point in November last year, which is about 80% above the current level. 





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Justin Sun and WLFI's Zak Folkman at CoinDesk's Consensus Hong Kong conference. (CoinDesk/Nik De)
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Holds Above $2.82 After Sharp Decline, Technicals Point to $3.30 Breakout

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XRP failed to sustain momentum above $2.88–$2.89, triggering a 4% decline as institutional selling capped the advance. Heavy volume confirmed resistance at those levels, while buyers reappeared in the $2.81–$2.83 range to stabilize price action.

The move keeps XRP locked in a 47-day consolidation under $3.00, with traders now eyeing the $2.77 support pivot and October’s SEC ETF decisions as the next catalysts.

News Background

  • Six institutional asset managers have filed spot XRP ETF applications, with SEC decisions expected in October.
  • Whale accumulation continues, with roughly 340 million tokens purchased in recent weeks despite persistent volatility.
  • Exchange balances remain elevated above 3.5 billion XRP, raising questions of potential supply pressure if selling resumes.
  • Federal Reserve policy shifts and inflation prints are shaping broader liquidity conditions across risk assets.
  • Previous attempts to break higher saw 227.7 million tokens trade near $2.88–$2.89, confirming that zone as firm resistance.

Price Action Summary

  • XRP traded within a $0.08 range from $2.81 to $2.89, representing 3% volatility.
  • The sharpest decline came at 14:00 on Sept 5, dropping from $2.88 to $2.81 on nearly 280 million tokens traded.
  • Stabilization followed, with consolidation between $2.82 and $2.83 on lighter volume.
  • Closing price near $2.82 kept XRP just above the $2.77 support pivot, viewed as the next key downside guardrail.

Technical Analysis

  • Support: Strong bid zone identified at $2.77–$2.81 following repeated defenses.
  • Resistance: Immediate ceiling at $2.88–$2.89, with $3.00 psychological level and $3.30 breakout threshold above.
  • Indicators: RSI sits mid-50s, reflecting neutral-to-bullish bias.
  • MACD histogram converges toward bullish crossover, signaling possible momentum shift if volume returns.
  • Structure: Ongoing 47-day consolidation under $3.00, with a close above $3.30 opening potential path to $4.00+.

What Traders Are Watching

  • Whether $2.77 holds as the decisive support level if selling resumes.
  • Price behavior on retests of $2.88–$2.89 resistance, particularly if volume surpasses daily averages.
  • How whale accumulation offsets elevated exchange balances, which suggest latent supply risk.
  • October SEC decisions on spot XRP ETFs, viewed as a key institutional adoption catalyst.
  • Macro drivers from Fed policy and inflation data releases that may influence flows across digital assets.



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Decentraland price rebounds as bullish chart signals breakout higher
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Decentraland price rebounds as bullish chart signals breakout higher

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Decentraland price has staged a strong bullish reaction from support at the value area low, reclaiming its point of control. With accumulation phases maturing, price action suggests continuation toward higher resistance levels.

Summary

  • MANA rebounded from confluence support at the value area low and bullish order block.
  • Market structure remains bullish with higher highs and higher lows intact.
  • Upside targets sit at $0.30 and $0.38 with volume confirmation.

Decentraland (MANA) price has bounced strongly from a technical confluence zone where the value area low intersected with a bullish order block. This move has carried price above the point of control, signaling demand strength. Early accumulation with rising odds of a rebound toward was present, and as long as this continues, MANA is primed for a rally toward $0.30 and potentially $0.38 in the short to mid-term.

Decentraland price key technical points

  • Critical Support: Bullish order block confluence with value area low provided strong structural base.
  • Market Structure: Consecutive higher highs and higher lows reinforce bullish continuation.
  • Upside Targets: Resistance at $0.30, with $0.38 as the next high-time-frame target.

MANAUSDT (1D) Chart, Source: TradingView

MANA’s rebound from the value area low highlights the strength of this zone as a foundation for bullish continuation. This confluence with a bullish order block created a clear demand area, and the subsequent reclaim of the point of control confirmed buyers’ dominance. Holding above this level now sets the stage for acceleration toward the next resistance levels.

From a structural standpoint, MANA remains firmly bullish. The chart shows a series of higher highs and higher lows, underscoring the presence of consistent buyer activity. Each dip into support has been absorbed quickly, reflecting the strength of the underlying trend. This healthy structure suggests that the current rally is not isolated but rather part of a broader accumulation-to-expansion cycle.

Price action also reveals that MANA has consolidated for an extended period above the value area high. This prolonged consolidation indicates that market participants have been accumulating positions in preparation for a breakout. Accumulation phases such as this typically precede explosive expansions, and the recent move higher looks like the early stage of such a breakout.

What to expect in the coming price action

As long as $0.61 support holds, MANA’s bullish structure remains intact. A continuation toward $0.30 resistance appears likely, with an eventual expansion toward $0.38 if volume influxes confirm sustained buying momentum.



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Pepe Coin price nears breakout despite aggressive whale dumping
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Pepe Coin price nears breakout despite aggressive whale dumping

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Pepe coin price has formed a highly bullish falling wedge pattern, pointing to an eventual rebound, even as whales and smart-money investors continue dumping.

Summary

  • Pepe coin price has formed a falling wedge pattern on the daily chart.
  • The coin has also settled at the ultimate support of the Murrey Math Lines.
  • This rebound will happen even as whales and smart money investors sell.

Pepe (PEPE) token was trading at $0.0000095 on Friday, Sept. 5, down by over 33% from the highest point in July. It is now hovering near its lowest level since July 25.

Pepe coin price technicals points to a rebound

The daily timeframe shows that the Pepe token has been in a strong downtrend in the past few weeks as the crypto market retreated. It has dropped from a high of $0.0000147 in July to $0.0000095 today.

The coin bottomed at $0.000008940, which coincided with the ultimate support of the Murrey Math Lines, where most rebounds normally occur.

Pepe has formed a falling wedge pattern. The upper line links the higher lows since July 22, while the lower line connects the lowest levels in August and September.

The two lines are about to converge, pointing to an eventual rebound. If this happens, the coin will rise to the strong pivot reverse at $0.00001340.

Pepe price chart | Source: crypto.news

Whales and smart money investors are selling Pepe

The bullish Pepe forecast is unfolding even as whales and smart-money investors continue to sell the token. Nansen data shows that smart-money investors hold 322.2 billion tokens, down from a high of 326 billion in August.

The same is happening among whale investors, who have dumped over 800 billion Pepe tokens in the past few days. Their holdings have dropped from 8.4 trillion on Aug. 31 to 7.61 trillion today. 

In most cases, cryptocurrencies normally drop when whales and smart-money investors are selling. This occurs because of their substantial holdings and the fact that they are more experienced than retail traders.

The main fundamental catalyst for Pepe is that the crypto market may rebound after the weak non-farm payrolls data. If this happens, top coins, including popular names like Pepe, will do well. Additionally, the coin will benefit from the steady futures open interest. 



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Kraken Acquires Breakout to Enable Leveraged Bitcoin Trading With Funded Accounts

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In brief

  • Kraken has bought proprietary trading platform Breakout.
  • It’s the latest acquisition by the crypto exchange.
  • San Francisco-based Kraken has said it is planning to go public.

U.S. crypto exchange Kraken has acquired proprietary trading platform Breakout, the company announced Thursday, as it continues its efforts to expand services ahead of a planned public offering. 

San Francisco, California-based Kraken said it bought Breakout for advanced traders. The platform allows eligible users to access up to $200,000 in notional capital and retain up to 90% of profits. Top traders are rewarded for making large trades. 

Kraken would not tell Decrypt the price of the transaction. 

“Breakout gives us a way to allocate capital based on proof of skill rather than access to capital itself,” Kraken co-CEO Arjun Sethi said in a statement. “In a world that is rapidly shifting from who you know to what you know, we want to build systems that reward demonstrated performance, not pedigree.”

Breakout offers traders 5 times leverage on BTC and ETH contracts. But traders have to pass an evaluation before receiving a notional capital allocation—and are subject to retests if they breach drawdown thresholds.

In a press release, Kraken said that it was “empowering” successful “traders to allocate at size into crypto markets,” and reaffirmed its aim to provide “innovative, performance-based products.” The company expects to integrate Breakout into its Kraken Pro platform. 

The debut comes as Kraken offers new products, including stocks and exchange-traded fund trading in certain U.S. states. In March, Kraken also announced it was buying futures trading platform NinjaTrader for $1.5 billion. 

The company intends to go public, a Kraken spokesperson confirmed to Decrypt earlier this year, possibly as early as early 2026, according to a Bloomberg report. The company would then become the second U.S.-based crypto exchange to trade publicly, following Coinbase, which listed on Nasdaq in April 2021. 



Kraken’s plans come amid a friendlier political and regulatory environment for digital assets ushered in by the administration of Donald Trump, who received massive donations from industry stalwarts during his 2024 run for president. 

In late March, the U.S. Securities and Exchange Commission dismissed enforcement actions against Kraken and two other crypto firms filing joint stipulations to drop the cases with prejudice, making the decisions final and not subject to refile. The regulator has also ended cases against Coinbase, Robinhood, Uniswap Labs, and OpenSea, among others. 

Sethi noted that the acquisition would enable Kraken to provide a service consistent with how “modern capital platforms should work.”

“By integrating Breakout into Kraken, we are building an infrastructure layer where traders can earn their way into size, deploy capital with minimal friction, and get paid on merit,” he said.

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Kraken Enters Prop Trading with Breakout Acquisition
Crypto Trends

Kraken Enters Prop Trading with Breakout Acquisition

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Kraken has stepped into proprietary trading with the acquisition of Breakout, a Tampa, Florida startup that backs traders with capital.

In a Thursday announcement, crypto exchange Kraken announced the acquisition of Breakout, a startup that backs traders with up to $200,000 in capital under a “rigorous evaluation” methodology that tests risk management and strategy discipline.

“Breakout gives us a way to allocate capital based on proof of skill rather than access to capital itself… We want to build systems that reward demonstrated performance, not pedigree,” Kraken’s co-CEO Arjun Sethi said in a statement.

Proprietary or prop trading is when traders use a company’s capital rather than their own, with profits shared between the two. Traders on Breakout’s platform can keep up to 90% of their profits, the company said.

Launched in 2023, the platform supports more than 50 crypto trading pairs, including leveraged contracts on Bitcoin (BTC) and Ether (ETH).

Source: Unclesendit

Financial terms of the deal weren’t disclosed. Breakout raised $4.5 million in seed funding in 2024, and will eventually be integrated into Kraken Pro as part of the exchange’s push into trading infrastructure.

The move also follows Kraken’s acquisition of NinjaTrader, a US-based futures and trading software platform, in May 2025 for $1.5 billion. 

After the 2008 financial crisis, US banks were restricted from proprietary trading, pushing activity to independent market makers and companies like Citadel Securities, Jane Street and Jump Trading.

Prop trading has also taken root in the crypto sector. Firms like Jump Crypto, a division of Jump Trading, and DRW’s Cumberland deploy their own capital in digital assets, including through market-making activities. Meanwhile, retail-focused platforms such as Crypto Fund Trader, HyroTrader and Breakout offer evaluation-based accounts to let traders access capital.

Related:  SBI Group, Chainlink partner to bring crypto tech to Asia’s finance scene 

Exchanges are busy making TradFi acquisitions

Crypto exchanges have been acquiring companies and products to expand their offerings of traditional finance tools.

In May, Coinbase closed a $2.9 billion deal to acquire Deribit, the derivatives exchange. It was one of largest mergers in the sector to date, giving Coinbase a significant foothold in derivatives trading.

That same month, Crypto.com secured approval from Cyprus regulators after acquiring A.N. Allnew Investments Ltd. This move granted it a MiFID license to offer regulated securities and derivatives across the European Economic Area. 

On Tuesday, Japanese crypto exchange Coincheck announced plans to acquire Aplo, a Paris-based regulated digital asset brokerage for institutions. The deals gives Coincheck a foothold in Europe’s regulated markets.

Magazine: Inside a 30,000 phone bot farm stealing crypto airdrops from real users



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