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BTC

Satoshi Nears Walmart’s Alice Walton in Wealth Rankings as BTC Tops $112,000

by admin September 9, 2025

At a current BTC price of $112,699, Bitcoin’s pseudonymous creator, Satoshi Nakamoto’s, 1.096 million BTC holdings are valued at $123,558,475,710, according to Arkham data.

The current worth of the enigmatic Bitcoin founder is closing in on Walmart heiress and the world’s richest woman, Alice Walton, currently valued at over $123 billion, according to the Bloomberg Billionaires Index, a daily ranking of the world’s richest people based on their net worth.

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The Bitcoin founder is yet to surpass Alice Walton’s brother and Walmart heir, Rob Walton, who is valued at $124 billion, according to the Bloomberg Billionaires Index, but well surpasses Bill Gates, whose current net worth is $121 billion.

Satoshi’s wallets have been untouched since 2010, while the true identity of the enigmatic Bitcoin founder remains a mystery unsolved to date.

Bitcoin news

As reported, Strategy’s cofounder and executive chairman, Michael Saylor, has entered Bloomberg’s rich list following a $1 billion increase in net worth year to date.

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South Africa’s Altvest Capital plans to raise $210 million to buy Bitcoin and build a crypto treasury reserve.

Fundstrat Global Advisors’ head of research and Fundstrat Capital CIO Tom Lee expects that Bitcoin will “easily” reach $200,000 by the end of the year. Lee revealed this on CNBC’s Squawk Box, where he discussed the Fed’s inflation fight, rate path outlook, latest market trends and the state of cryptocurrencies.

Bitcoin and major cryptocurrencies are trading in green ahead of the release of two closely watched inflation readings, the PPI and CPI, this week. In separate news, Nasdaq is working with U.S. regulators to launch trading of tokenized securities.

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September 9, 2025 0 comments

Crypto Trends

The $7T Tailwind for BTC and Altcoins

by admin September 9, 2025

U.S. money market funds currently hold over $7 trillion, which some analysts believe could soon be rotated into various asset classes, including cryptocurrencies, potentially fueling the next leg higher in bitcoin BTC$113,156.93 and the alternative cryptocurrencies (altcoins).

A money market fund is a type of mutual fund that invests in high-quality, short-term debt instruments, such as Treasury bills, certificates of deposit, and commercial paper.

Total money market fund assets increased by $52.37 billion to $7.26 trillion for the week ended Sept. 3, according to the Investment Company Institute (ICI). Assets of retail money market funds increased by $18.90 billion to $2.96 trillion, and institutional funds rose by $33.47 billion to $4.29 trillion. ICI reports money market fund assets to the Federal Reserve each week.

Money market funds have swelled in recent years, initially drawing money due to their haven appeal during the coronavirus-induced crisis of early 2020 and later during the Fed’s rate hike cycle, which pushed up yields and attracted investors.

Inflows remained robust late last year even as the Fed cut rates from 5.25% to 4.25%. However, further rate cuts could prompt investors to shift a significant portion of their cash pile into other assets, including cryptocurrencies, according to David Duong, Institutional Head of Research at Coinbase.

“There is over $7 trillion inside money market funds, and all of that is retail money. As those rate cuts start to come in, all of that retail cash flow is really going to enter other asset classes such as equities, crypto and others,” Duong told CoinDesk in an interview.

The U.S. central bank is expected to lower its target rate by at least 25 basis points when it meets next week, according to the CME’s FedWatch tool. Some market participants are anticipating a 50 bps reduction.

Traditional market observers are equally psyched about the money market cash pile. In an interview with Boutique Family Office & Private Wealth Management, Cresset’s Chief Investment Strategist, Jack Ablin, stated that rate cuts could redirect money market flows to equities and cryptocurrencies.

“There is a little more than $7 trillion in money-market funds that yield about 4.5%. If that yield gets knocked down to 4.25% or 4%, that could could prompt more investors to redeploy cash into stocks,” Ablin explained.

Rotation hinges on the broader economic environment

While the money market cash pile is expected to soon flow into riskier assets, this rotation is not guaranteed.

The extent to which investors redeploy funds depends on the broader economic environment. So, if rate cuts occur against the backdrop of economic slowdown or heightened economic uncertainty, many investors may prefer to continue holding money market funds.

These funds offer relatively stable returns and immediate cash access, making them an attractive option when confidence in growth and financial markets wanes. So, despite lower yields from rate cuts, investors might remain cautious, maintaining sizable balances in money market funds.

According to pseudonymous observer EndGame Macro, the record money market investment is actually a sign of an impending economic pain.

“We only see buildups like this when investors want yield but don’t want to take on duration or equity risk. It happened after the dot com bust, again after the GFC, and in 2020–21 when rates were floored and money waited on the sidelines,” EndGame Macro said on X.

The observer added that as rates decline, the money is first allocated to Treasury notes and then to riskier assets.

Duration risk refers to the sensitivity of a fixed-income investment’s (bond’s) price to changes in interest rates. In the context of money market funds, which invest in short-term debt instruments with maturities typically under one year, duration risk is relatively low compared to longer-term bonds.

Per EndGame Macro, the rotation depends on the size of the impending rate cut.

“The bigger question now isn’t just whether the Fed cuts, it’s how. A cautious 25 bps move lets money funds bleed down gradually, while a 50 bps cut could accelerate the shift, pushing cash into Treasuries first and then risk assets as the yield advantage disappears. With $7.4 trillion waiting, the scale of the rotation matters as much as the direction,” it noted.

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September 9, 2025 0 comments

Crypto Trends

Bitcoin (BTC) Price Prediction for September 8

by admin September 9, 2025

The crypto market is in the green zone again, according to CoinStats.

Top coins by CoinStats

BTC/USD

The price of Bitcoin (BTC) has increased by 1.35% since yesterday.

Image by TradingView

On the hourly chart, the rate of BTC has made a false breakout of the local resistance of $112,775.

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However, if the daily bar closes around that mark or above it, the upward move may continue to the $113,000 range by tomorrow.

Image by TradingView

On the longer time frame, the price of the main crypto is on its way to the resistance of $113,473. If bulls’ pressure continues, there is a chance to witness a test of the $113,000-$116,000 area soon.

Image by TradingView

From the midterm point of view, the rate of BTC is rising after a false breakout of the $107,389 level. However, buyers might need more time to accumulate energy for a further move. In this case, sideways trading in the area of $111,000-$115,000 is the most likely scenario.

Bitcoin is trading at $112,831 at press time.

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September 9, 2025 0 comments

GameFi Guides

Metaplanet Now Holds 20,136 BTC After $15M Buy

by admin September 9, 2025

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

Metaplanet Inc. moved again into the Bitcoin zone as part of its treasury plan, buying 136 Bitcoin for about $15.2 million at an average price of $111,783 per coin.

According to the company, that brings its total holdings to 20,136 coins. The purchase keeps Metaplanet among the larger corporate holders of the crypto.

Metaplanet Expands Bitcoin Stack

The company reported the fresh buy on Monday. Based on reports, Metaplanet now sits as the sixth-largest corporate holder of Bitcoin.

At the time of the purchase, Bitcoin traded around $111,580, putting the new units close to current market levels. The move underscores how some firms are turning parts of their balance sheets into crypto exposure rather than sticking only to their core businesses.

Market Reaction Was Cool

Shares of Metaplanet did not climb after the disclosure. They fell 2.3% in Tokyo trade on Monday and were trading near a four-month low, extending nearly a 20% rout from the prior week.

Reports show the stock slide has tracked a drop in Bitcoin’s price after profit-taking followed August’s record highs. Investors appear skittish when a company’s share price is tied tightly to a volatile asset.

*Metaplanet Acquires Additional 136 $BTC, Total Holdings Reach 20,136 BTC* pic.twitter.com/c41t6bJg1L

— Metaplanet Inc. (@Metaplanet_JP) September 8, 2025

Investors Weigh ETFs Versus Direct Exposure

Part of the pushback comes from alternatives. Exchange-traded funds now give retail and institutional investors direct bitcoin exposure without owning a company whose core business may not reflect the crypto bet.

Strategy, formerly MicroStrategy, remains the biggest corporate holder with 636,505 coins. Strategy logged nearly a 15% loss in August as Bitcoin pulled back, showing how a firm’s valuation can swing with crypto prices.

Questions have been raised about whether holding Bitcoin on a company balance sheet still offers the same appeal it once did.

BTCUSD now trading at $112,018. Chart: TradingView

Valuation And Volatility Concerns Persist

Metaplanet’s market value — around $5 billion, based on recent trading — has drawn scrutiny because it exceeds the current market value of the bitcoin on its books.

Critics warn that tying a company’s shares to Bitcoin can make the stock more vulnerable to crypto’s swings. New players, including Metaplanet and Gamestop, tried to copy the strategy and have met mixed results so far.

Market Crowding Could Limit Future Gains

Analysts also point to crowding: many companies chasing the same story could blunt future upside for treasury-play stocks if fresh buyers stop showing up.

Strategy achieved big gains after late-2023 purchases, funded in part through large share and debt issuances. That path may be harder to repeat now that more investment routes exist.

For now, Metaplanet keeps adding to its bitcoin pile while its shares remain under pressure. Reports suggest the next moves by both Bitcoin and markets will decide whether that bet looks smart or risky in hindsight.

Featured image from Unsplash, chart from TradingView

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 9, 2025 0 comments

River infographic of net BTC flows as of Aug. 25, 2025: individuals out, firms/funds in

Crypto Trends

Equities Rally on Rate-Cut Bets, BTC Stays Cautious

by admin September 9, 2025

Good Morning, Asia. Here’s what’s making news in the markets:

Welcome to Asia Morning Briefing, a daily summary of top stories during U.S. hours and an overview of market moves and analysis. For a detailed overview of U.S. markets, see CoinDesk’s Crypto Daybook Americas.

Crypto traders remain cautious ahead of Thursday’s U.S. CPI report, with BTC trading flat above $111,600, and ETH at $4,298. The CD20, a measure of the performance of the largest digital assets, is trading above 4,000, up 1.6%.

The August Nonfarm Payrolls miss, just 22,000 jobs added versus expectations of 75,000, pushed futures higher and dragged 2-year Treasury yields to year-lows as markets priced in 72 bps of cuts this year. Yet crypto remains rangebound, diverging from broader risk sentiment.

Options markets confirm the defensive stance. QCP Capital noted in its recent Asia Market Update that risk reversals are increasingly skewed toward puts, with short-dated implied vols elevated into CPI.

Polymarket data backs this positioning: ETH carries a 70% chance of staying above $4,600 this month but only 13% odds of breaking $5,600. Traders are bracing for turbulence, not chasing upside. SOL is the outlier, with odds of a new all-time high before 2026 rising sharply, signaling improving breadth beneath the surface.

(Polymarket)

In a note to CoinDesk, market maker Enflux argues that the SEC’s forward-looking rules for token sales and listings, combined with the steady march of institutions like Coinbase into major indices, show how deeply crypto is embedding into the system. This is the “split-screen reality” of 2025: speculation dominates headlines, while adoption rails are being laid in the background.

The legitimacy narrative also played out in real time on Friday. Michael Saylor’s Strategy was left out of the S&P 500 despite meeting all criteria, while Robinhood was unexpectedly included instead, sending its stock up 7% and underscoring that crypto-adjacent firms with diversified business lines may reach blue-chip status faster than pure treasury plays.

WLFI’s turmoil illustrates the speculative side of the split-screen. The protocol froze over 270 wallets, including Justin Sun’s, to “protect users” after phishing-related compromises.

“On one side, speculative narratives like WLFI risk cannibalizing themselves through governance drama,” Enflux wrote in its note. “On the other hand, institutional-grade infrastructure and regulation are solidifying at a pace that suggests the rails for mainstream adoption are being laid faster than most expect.”

Onchain data shows Sun’s transfers came hours after WLFI’s crash, which was instead driven by shorting and dumping across exchanges. Yet the freeze rattled whales and market makers – shocked that the free market of crypto could be broken by protocol governance fiat – with insiders asking: “If they can do it to Sun, who’s next?”.

The takeaway: near-term volatility and governance drama may cap upside, but the deeper story is that crypto’s institutional and regulatory foundations are hardening.

“Structural legitimacy, not speculation, remains the real story of 2025,” Enflux continued.

For traders, that means bracing for CPI noise; for investors, it means the legitimacy story continues to build.

Market Movement:

BTC: Bitcoin is holding steady above $111K, with support from consolidation near key resistance levels and solid on‑chain support zones. Analysts suggest this stability could pave the way for a breakout, though some caution about a possible pullback toward $100K exists

ETH: Ethereum’s price has eased slightly intraday, trading around $4.3K. This movement may reflect broader crypto market dynamics, including relatively subdued demand and positioning around current technical levels.

Gold: Gold has surged to fresh record highs, recently hitting ~$3,636/oz, as expectations of U.S. interest rate cuts rise amid weak labor data, a soft U.S. dollar, geopolitical concerns, and continued central bank demand.

Nikkei 225: Japan’s Nikkei 225 rose 0.9% to a record high and the Topix gained 0.52% as investors bet a new LDP leader could deliver fresh fiscal stimulus following Prime Minister Shigeru Ishiba’s resignation.

S&P 500: U.S. stocks edged higher Monday, with the S&P 500 up 0.2%, as investors awaited inflation data to gauge the likelihood of a jumbo Fed rate cut next week.

Elsewhere in Crypto

Upbit Parent Files ‘GIWA’ Trademarks Amid Rumors of New Blockchain Launch (CoinDesk)
How Trump Came Around to Crypto and What Crypto Wants in Return (Bloomberg)
Kalshi’s $875 million in August trading volume, recent funding signal rising competition with Polymarket (The Block)

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September 9, 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

Crypto Trends

Bitcoin (BTC) Breaks Past Major Liquidity Zone, $115,000 Imminent?

by admin September 8, 2025

Bitcoin has just surpassed a major liquidity zone, raising questions about what comes next for the crypto asset.

According to CoinGlass, based on the BTC orderbook heatmap, liquidity is concentrated around $109,500-$110,000.

Bitcoin extended its recovery from a low of $109,993 on Sept. 6, reaching an intraday high of $112,107 early Monday.

At press time, Bitcoin was up 0.85% to $112,085. The move has surpassed the $109,500 to $110,000 liquidity zone indicated by on-chain data, with traders now envisaging what comes next for the crypto asset.

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On the upside, the next resistance lies at $115,000, which is near the daily SMA 50. The hourly chart indicates that BTC might be forming a bullish inverse head-and-shoulders pattern, a classic reversal setup, suggesting a potential surge toward $120,000.

Bitcoin news

Traders are closely watching U.S. inflation reports, which could influence cryptocurrency prices. This week, the markets will be watching data releases for upcoming catalysts for digital assets, with producer and consumer inflation reports due midweek.

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In a key move for corporate adoption in Africa, South Africa’s Altvest Capital Ltd. intends to raise $210 million to buy Bitcoin and create a crypto treasury reserve, seeking to benefit from Bitcoin’s surge over the past year. Bitcoin has increased by 95% in the last 12 months, reaching an all-time high of $124,457 on Aug. 14, 2025.

In buying news, Metaplanet has just acquired 136 BTC for $15.2 million at nearly $111,666 per Bitcoin and has achieved a BTC yield of 487% YTD 2025. As of Sept. 8, 2025, the company holds 20,136 BTC, acquired for nearly $2.08 billion at $103,196 per Bitcoin.

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September 8, 2025 0 comments

Crypto Trends

Solo Bitcoin Miner Gets Lucky, Scores $347K in BTC

by admin September 8, 2025

In brief

The solo miner earned 3.13 BTC ($347,872) mining block 913,632, marking the second independent mining success this month.
It comes as Bitcoin’s mining difficulty reached record high of 136.04 trillion.
One expert says solo mining events highlight Bitcoin’s decentralization despite industrial operations dominating the network.

A lucky solo Bitcoin miner has successfully mined a block worth over $347,000 on the world’s most competitive crypto network.

On Sunday, an independent miner successfully processed block 913,632 using Solo CKPool, earning a total reward of 3.13 BTC valued at $347,872.

The block contained 593 transactions totaling 473.61 BTC worth $52.6 million, with an average transaction size of 0.7987 BTC, according to blockchain explorer.

The miner’s reward included the standard base reward of 3.125 BTC plus an additional 0.0042 BTC in transaction fees.

Solo CKPool is a mining service that allows individual miners to participate in Bitcoin mining without operating their own full Bitcoin node, providing an entry point for smaller operations to compete against industrial mining giants.

Though success from individuals is exceedingly rare, as they compete with larger players possessing hundreds of ASICs capable of outcompeting them.

“Of all blockchain networks out there, there is no comparison when it comes to matching Bitcoin network’s decentralization,” Peter Chung, head of research at Presto Labs, told Decrypt. “These events add to that narrative.”

It’s the second successful block discovery by a solo Bitcoin miner this month, following a similar achievement on September 1.

Last month, another solo miner hit the jackpot when they solved block 910,440, earning a 3.137 BTC reward worth approximately $365,000.

Bitcoin’s mining difficulty is currently 136.04 trillion (136.04 T), near record highs, according to YCharts.

The metric adjusts every 2,016 blocks to keep block times at ~10 minutes, making solo wins “as rare as lottery tickets,” Arjun Vijay, founder of crypto exchange Giottus, told Decrypt.

“The beauty of the Bitcoin proof of work algorithm is that there is no formula and the correct nonce can be found only through a trial and error process,” Vijay said.

But “still there are advantages for large players and pools as they can divide work amongst themselves, reducing effort duplication,” he noted.

For most participants, “it still makes sense to join mining pools to get regular payouts for their efforts instead of betting on such rare outcomes,” he said, adding that “to make Bitcoin more decentralized, we need more pools and not more solo miners.”

Bitcoin is trading at approximately $111,103, up 0.5% in the last 24 hours and 104.3% year-on-year, according to CoinGecko.

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September 8, 2025 0 comments

Crypto Trends

XRP and Solana (SOL) Signal Bullish Strength While Traders Hedge For Downside in Bitcoin (BTC) and Ether (ETH)

by admin September 8, 2025

Options data from Deribit reveals a striking divergence in sentiment for major cryptocurrencies, with bullish positioning in XRP XRP$2.8789 and solana (SOL contrasting with lingering downside fears in bitcoin (BTC) and ether (ETH).

As of the time of writing, XRP call options or bullish bets were pricier than puts across all tenors, according to data source Amberdata.Notably, the December expiry calls traded at a premium of 6 volatility points to puts, indicating a bias for a year-end rally. XRP, the payments-focused cryptocurrency, is the third-largest by market value.

SOL options also exhibited bullishness, with December calls trading at a premium of 10 vol points to puts.

A call option gives the buyer the right, but not the obligation, to purchase the underlying asset at a predetermined price on or before a specified future date. It represents a bullish bet on the market, while a put option insures against price slides.

XRP’s positive tone is likely driven by renewed enthusiasm around potential approval of spot exchange-traded funds (ETFs) in the U.S. At least six to seven major issuers, including Bitwise, 21Shares, WisdomTree, CoinShares, Canary Capital and Franklin Templeton, have active applications or amendments pending before the U.S. Securities and Exchange Commission (SEC).

The SEC has delayed decisions on these filings, pushing key approvals, such as WisdomTree’s XRP ETF, into late October 2025. As these filings fall within a similar review period, the market seems to be preparing for a synchronized approval or rejection event that could significantly impact XRP’s price.

The XRP community is highly optimistic, eyeing substantial price gains by year-end if ETFs are approved.

“The first-month flow base case: $5B+. Independent market desks peg first-month spot XRP ETF inflows at $5B+ before the reflexive chase. That’s a serious demand shock to a supply that’s partly escrow-locked and concentrated,” popular pseudonymous XRP holder Pimpius said on X, mentioning $50 as the potential year-end price for XRP. The cryptocurrency currently trades at around $2.88, according to CoinDesk data.

Optimism from SOL likely stems from the rcent approval of its parent blockchain Solana’s Alpenglow upgrade, which is likely to boost the network speed. Bitget’s Chief Analyst Ryan Lee called it “a defining moment for the network’s trajectory.”

“The approval of Solana’s Alpenglow upgrade with more than 98 percent staker support marks a defining moment for the network’s trajectory. Reducing transaction finality from 12.8 seconds to just 100–150 milliseconds transforms Solana into one of the fastest blockchains in operation, unlocking possibilities that extend well beyond marginal efficiency gains,” Lee said in an email.

Lee said that the speed boost will accelerate Solana’s adoption in real-time trading, high-frequency strategies and seamless on-chain arbitrage. He explained that Alpenglow’s design matches blockchain settlement speeds with traditional financial systems, overcoming a major hurdle for institutions hesitant to adopt decentralized infrastructure. This alignment makes Solana an attractive and scalable blockchain option for institutional use.

Bearish sentiment in BTC and ETH

The sentiment regarding bitcoin appears decisively bearish, as puts are priced higher than calls for even the March 2026 expiry trade.

BTC’s rally has stalled above $100,000, with prices struggling to rally after Friday’s disappointing U.S. jobs report, which heightened expectations for Fed rate cuts. Analysts have blamed the slowdown in ETF inflows, profit-taking by long-term holders and whale rotation into ether for BTC’s dour price action.

That said, options tied to ether also showed a bias for puts out to the December expiry. ETH has pulled back sharply to $4,300 from the record high of nearly $5,000 reached last month.

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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