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Low-cap tokens eye bullish trend as a major crypto breaks descending wage
NFT Gaming

Low-cap tokens eye bullish trend as a major crypto breaks descending wage

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

XRP breaks out, while XYZVerse raises $15m in presale as traders eye sports-driven memecoin gains.

Summary

  • XYZVerse merges sports fandom with crypto, raising $15m in its fast-moving presale.
  • With $15m raised, XYZVerse aims to be a sports-driven memecoin riding Uptober’s hype.
  • From $0.0001 to $0.0055, XYZVerse’s presale surge positions it as a memecoin to watch.

XRP is showing signs of renewed bullish momentum after weeks of consolidation, breaking out of a descending wedge pattern that had kept prices constrained. The move is catching trader attention not only for XRP itself but also for its potential to spark a broader rally across smaller-cap tokens.

XRP breaks free from wedge

Earlier this quarter, XRP failed to break above the $3.60 resistance zone, forcing price action into a falling wedge formation — a pattern defined by compressing lower highs converging against a flat base near $2.60.

Now, according to analyst JackTheRippler, XRP has broken out of this descending wedge, shifting technical sentiment to the bullish side.

Ripple effect on low-cap tokens?

Historically, XRP breakouts have often coincided with higher risk appetite across the crypto market. If XRP sustains its move above $3, low-cap tokens could follow suit, as traders rotate capital into more speculative plays after confidence builds in larger-cap assets.

The next sessions will determine whether XRP’s wedge breakout proves to be the start of a wider risk-on trend or just another short-lived rally capped by resistance.

XYZ taps into sports fandom as presale raises $15m ahead of launch

As XRP breaks out of a months-long descending wedge pattern, some traders are turning their eyes toward smaller-cap tokens that could ride the wave. XYZVerse (XYZ), a new memecoin project built around sports fandom has already pulled in $15 million in presale funds.

A sports-driven memecoin

XYZVerse blends crypto culture with the passion of football, basketball, MMA, and esports. Instead of chasing hype alone, the team has laid out a roadmap and community-driven strategy designed to give XYZ longer-term staying power. It’s pitching itself as a badge of honor for sports and crypto fans, rather than a speculative flash in the pan.

XYZ presale momentum

The token’s presale has been progressing quickly, with prices climbing stage by stage:

  • Launch price: $0.0001
  • Current presale: $0.0055
  • Next stage: $0.0056
  • Planned listing: $0.10

If XYZ launches at its target listing price, early presale participants could see returns in the triple-digit multiples. For now, demand remains strong, with the project reporting over $15 million raised.

Riding market sentiment

The timing could prove advantageous. With XRP breaking resistance near $3 and Bitcoin holding above $116k, the broader market mood — dubbed “Uptober” by crypto traders — has turned more optimistic. Historically, when large-cap coins recover, investors often rotate into riskier plays like memecoins.

Whether XYZ can hold onto its momentum after launch remains an open question. But with its presale oversubscribed and a sports-driven brand angle, it’s quickly become one of the low-cap tokens to watch if the market keeps trending bullish.

Conclusion

With XRP showing renewed strength after its descending wedge breakout, market risk appetite could spill into low-cap plays like XYZVerse. If momentum continues, XYZ may capture investor interest as both a sports-driven cultural project and a speculative opportunity in the meme coin niche.

The presale progress, combined with rising hype, positions XYZ as a project to watch in the coming weeks, especially if broader market sentiment turns fully bullish.

To learn more about XYZVerse, visit the website, Telegram, and Twitter.

Disclosure: This content is provided by a third party. Neither crypto.news nor the author of this article endorses any product mentioned on this page. Users should conduct their own research before taking any action related to the company.



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Exchange Review August
NFT Gaming

Dogecoin Traders Eye ‘Golden Cross’ While SHIB Surges 6%

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Dogecoin ripped nearly 9% higher, breaking through resistance on more than a billion tokens traded. Support reset to $0.242 after an early breakout, while late-session flows pushed DOGE into the $0.254 zone before consolidation.

Traders pointed to SHIB’s parallel 6% rally — underpinned by record trillion-token turnover and exchange balances at two-year lows — as further evidence of institutional accumulation across meme-coins.

News Background

DOGE advanced 8.8% over the 24 hours from Oct. 1, 03:00 to Oct. 2, 02:00, climbing from $0.23 to $0.25. The move was fueled by speculation around U.S. ETF approvals and aggressive institutional positioning.

SHIB also surged 6.2% in the same window, with exchange reserves dropping to multi-year lows, underscoring a reduction in available supply as meme-coins gained broader bid interest.

Price Action Summary

  • DOGE traded a $0.02 corridor, marking 9.3% volatility.
  • Breakout at 08:00 drove price from $0.234 to $0.242 on 1.03B tokens — 4x the average.
  • Intraday highs stretched to $0.249 and $0.253 before sellers capped at $0.254.
  • Final hour saw DOGE climb from $0.248 to $0.254 on back-to-back 40M+ surges, settling near $0.252.

Technical Analysis

Support has shifted to $0.242 following the breakout, with resistance hardened at $0.254–$0.255. The session carved an ascending triangle, validated by higher lows and sustained turnover.

Technical desks noted Golden Cross signals across majors, reinforcing bullish momentum. Analysts flagged a decisive break above $0.255 as opening a path toward $0.32 — with ETF-driven flows providing the catalyst.

What Traders Are Watching?

  • Whether DOGE can flip $0.25 into firm support and push toward $0.32.
  • If ETF speculation continues to underpin both DOGE and SHIB into October deadlines.
  • SHIB’s exchange supply squeeze — at two-year lows — as a potential tailwind for meme-coin rotation.
  • CD20 index reaction after both DOGE (+9%) and SHIB (+6%) posted outsized moves on heavy turnover.



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Exchange Review August
NFT Gaming

Traders Eye September Jobs Report for Cues on BTC Breakout Above $120K

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Crypto markets remained unchanged Monday and Tuesday after last week’s $1.5 billion liquidation flush, but traders remain cautious ahead of a critical run of U.S. economic data that could set the tone for October.

Bitcoin bulls defended the $110,000 support level several times over the past week, while Ether clawed back from a sharp dip to $4,075 that coincided with nearly half a billion dollars in leveraged longs being wiped out.

Total market capitalization now sits near $3.85 trillion, about 1.3% lower than a week earlier despite a 3.5% weekend rebound.

The Fed’s most recent rate cut initially provided a modest boost to Bitcoin, but investors say the path forward depends less on past easing than on Powell’s Tuesday speech and upcoming jobs data that is scheduled to be released on Friday at 8:30 a.m. (ET).

“The crypto market is at a macroeconomic crossroads, caught between a softening labor market and resilient economic growth,” said Nick Ruck, director at LVRG Research, in a message to CoinDesk.

“This week’s data — Consumer Confidence, Initial Jobless Claims, and the pivotal September Jobs Report — will be critical in gauging the Fed’s next move. Any signs of further labor market cooling could reignite rate cut expectations, providing a tailwind for majors like BTC, ETH, and XRP. Conversely, strong data may extend the current period of uncertainty and pressure,” he said.

Jobs data shows how many people are getting or losing work in the U.S. economy. If fewer people are working and unemployment rises, it suggests the economy is slowing.

That usually makes the Federal Reserve more likely to cut interest rates to support growth, which can boost risk assets like stocks and crypto. But if job numbers are strong and unemployment stays low, it signals the economy is still running hot. That can keep inflation high, making the Fed less likely to cut rates.

“This macro uncertainty is likely to maintain Bitcoin’s dominance, potentially capping the upside for Ethereum and the broader DeFi sector despite their superior yield opportunities,” Ruck added.

Market structure reflects the indecision. A guage for sentiment fell to 28 on Friday, entering “extreme fear,” before bouncing back to a neutral 50 by Monday. Bitcoin has consolidated in a tight $108,000–$118,000 range, with open interest compressed and funding rates normalized after the liquidations.

“The rebound is coming from roughly the same levels as in early September,” Alex Kuptsikevich, senior market analyst at FxPro, said in an email. “Once again, altcoins are recovering stronger than BTC. Such outperformance in the early stages of recovery often indicates the future winners of the race, which in this case are altcoins.”

Kuptsikevich noted Bitcoin’s technical levels remain pivotal: “At the end of last week, Bitcoin found support at 109,000. It was bought at roughly the same levels as the end of August and even slightly higher, which is positive for the bulls.”

“On the other hand, September’s local high is lower than the previous one, which generally indicates a decrease in volatility and a stronger movement towards a breakout beyond the $108-118K range. Movements within the range can give many false short-term signals,” he noted.

Ethereum faces its own inflection point. Analysts flagged a potential bottom, citing technical exhaustion after last week’s selloff. The token is also in focus after the launch of the first U.S. ETF with staking features, from REX Shares and Osprey Funds, with applications from BlackRock and Fidelity still under SEC review.

News around Solana added to the altcoin narrative. The network’s total value locked surged to $12.2 billion, up 57% since June, prompting fresh calls for a $300 price target. Meme coins have grown more prominent as well, with sector capitalization climbing 70% over three months.

Regulatory headlines, however, kept traders wary. The Wall Street Journal reported that U.S. regulators are probing potential insider trading tied to companies accumulating crypto reserves.
Elsewhere, ratings giant Moody’s separately warned that the rapid expansion of stablecoin use in developing countries poses risks to monetary sovereignty and financial stability.



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GameFi Guides

Regulators Eye Stock Jumps Before Corporate Crypto Buys: WSJ

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In brief

  • The outreach was based on a review of 200+ firms with crypto-treasury plans, but only some were reportedly flagged.
  • Regulators are reportedly examining whether leaks or trading on material non-public information may have occurred.
  • Observers have warned that poorly timed treasury strategies may appear gimmicky and expose firms to instability.

The Securities and Exchange Commission and the Financial Industry Regulatory Authority have reportedly contacted certain companies after identifying unusual trading activity ahead of their announcements on digital asset treasuries.

The outreach was drawn from a review of more than 200 firms that disclosed crypto treasury strategies this year, though only a portion was flagged, according to an initial report from the Wall Street Journal, citing people familiar with the matter.

Decrypt has reached out to the SEC and FINRA for confirmation.



Described as preliminary, the outreach reportedly followed trails of sharp price swings and heavy volumes in the days leading up to some of the firms disclosing their strategies for digital assets, following the playbook set forth by Michael Saylor’s firm, Strategy.

The model involves raising debt or equity to acquire digital assets as balance-sheet reserves, not just Bitcoin but also Ethereum, Solana, and others.

Observers have previously cautioned that while a carefully structured crypto-treasury strategy can project strength, poorly timed or opportunistic moves risk appearing like gimmicks and may expose firms to forced liquidations and instability.

Regulators are reportedly reviewing whether selective leaks or trading on material non-public information may have occurred.

What is Reg FD?

Regulation Fair Disclosure, also known as Reg FD, is an SEC rule that prohibits companies from sharing material information with select investors before making it public. Violations can expose firms to civil penalties, enforcement actions, and reputational risk.

Introduced and adopted in 2000, the rule was made “to ensure that all investors have equal access to ‘material’ corporate information at the same time, focused on the nature of the information and the manner of its disclosure,” Andrew Rossow, public affairs attorney and CEO of AR Media Consulting, told Decrypt.

It covers “anything that a reasonable investor would consider important in their investment decision, and could affect a company’s valuation, capital-raising plans, or overall risk profile,” Rossow explained.

If any material non-public information “can be traced directly to a tipper or company source, or an agent who acts on that information,” it falls within the scope of a Reg FD violation, he noted.

“In contrast, industry gossip, rumors, or third-party speculation generally do not,” he said, adding that insider trading liability is also possible “if the recipient of MNPI trades or leaks it because the information was misused for personal or market gain.”

Investigations of this kind typically begin with unusual trading activity, and “the smoking gun is a direct trace back to the source/tipper,” Rossow said.

To build that link, authorities look for communications spanning emails, meeting notes, internal platforms like Slack or Teams, text messages, calendar invites, and device records that may tie suspicious trades to the source.

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Could These Eye Drops End the Need for Reading Glasses?
Product Reviews

Could These Eye Drops End the Need for Reading Glasses?

by admin


The Stats don’t lie: after age 65, most people will struggle to focus visually on close-up objects. You might have seen this among your friends and relatives or even experienced it yourself, holding books, magazines, or your phone farther away from your face to try to bring words and pictures into focus. Many of those affected start using reading glasses. But a new treatment could become available: eye drops.

This deterioration of vision is called presbyopia. It is not a disease but a natural, physiological change caused by aging—specifically by the loss of elasticity and flexibility of the crystalline lens at the front of the eye, which impairs the ability of the eye to change the curvature of the lens to bring objects into focus. This stiffening begins in middle age and tends to stabilize around age 65. For people with shortsightedness, or myopia, who struggle to see faraway objects clearly, the onset of presbyopia may at first lead to improved vision by compensating for their existing condition. For those with farsightedness, or hyperopia, the effects of presbyopia often present earlier than in the rest of the population.

Living with presbyopia can cause fatigue and headaches, and in rare cases double vision, but generally it isn’t something to be worried about. But correcting it can make daily activities easier and help maintain good quality of life. The classic means of correction are reading glasses, though in some cases people opt for eye surgery—either laser refractive surgery to reshape the cornea to compensate for the loss of flexibility of the lens or intraocular surgery to replace the lens with an artificial one. The latter is often proposed when there is also some clouding in the lens (a cataract).

But recently, researchers have been working on eye drops that, in different ways depending on the active ingredient used, improve near focus. Two types have been approved by the US Food and Drug Administration: one based on a substance called aceclidine, the other on pilocarpine.

Pilocarpine is the star molecule, with multiple trials of new formulations underway. It is a natural alkaloid that interacts with parts of the nervous system, which has the effect, in the eye, of inducing miosis—the narrowing of the pupil diameter—and contraction of the ciliary muscle, the ring of muscle that controls the shape of the lens. The two effects combined improve the elasticity of the lens and the ability to focus on nearby objects.

A recent trial conducted in Argentina has tested a pilocarpine eye drop at different concentrations (1 percent, 2 percent, 3 percent) in combination diclofenac, a nonsteroidal anti-inflammatory that soothes the adverse effects of pilocarpine such as irritation and discomfort. (The FDA-approved pilocarpine eye drops are concentrated at 1.25 percent.)

In a two-year retrospective study of 766 people, average age 55 years, the researchers found that the eye drops enabled the majority of patients to improve their vision. “Our most significant result showed rapid and sustained improvements in near vision for all three concentrations,” said lead researcher Giovanna Benozzi when presenting the research at the 43rd Congress of the European Society of Cataract and Refractive Surgeons.



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Euro Stablecoins
Crypto Trends

Nine Banks Unite On Euro Stablecoin, Eye Rollout In H2 2026

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

Nine major European banks have formed a consortium to launch a MiCAR-compliant euro-based stablecoin in the second half of next year.

ING, UniCredit, & Other European Banks Are Coming Together For Stablecoin

As announced in a press release by Italian banking giant UniCredit, the bank is joining forces with eight other major European institutions to launch a stablecoin pegged to the euro.

“This digital payment instrument, leveraging blockchain technology, aims to become a trusted European payment standard in the digital ecosystem,” read the press release.

The stablecoin will have compliance with the European Union’s Markets in Crypto-Assets Regulation (MiCAR), the bloc’s comprehensive framework on cryptocurrencies. MiCAR covers a range of areas, like issuance and custody of digital assets, as well as the operation of platforms related to them.

The full list of banks that have come together to form the consortium for the euro-denominated token includes: ING, Banca Sella, KBC, Danske Bank, DekaBank, UniCredit, SEB, CaixaBank, and Raiffeisen Bank International.

All of these are major banking players, but two are perhaps particularly prominent: ING and UniCredit. ING is a Dutch multinational bank that’s designated as a Global Systemically Important Bank (G-SIB) by the Financial Stability Board (FSB). G-SIBs are considered to be institutions so ingrained into the world financial order that any disruptions related to them can have widespread economic consequences. Italy’s UniCredit was also included in this category until 2023, when FSB removed it from the list.

The nine banks have formed a new company in the Netherlands, planning to get approval from the Dutch Central Bank as an e-money institution. The press release noted that the consortium is welcoming more banks to join them. The stablecoin, which is currently slated for issuance in the second half of 2026, will be positioned as a real European alternative to the currently US-dominated market.

“At UniCredit, we believe in the importance of a stronger Europe and in the power of constructive dialogue and collaboration,” said Fiona Melrose, Head of Group Strategy and ESG at UniCredit. “By joining this consortium of leading European banks, we are contributing to fill the need for a trusted, regulated solution for on-chain payments and settlement.”

The consortium also intends to appoint a Chief Executive Officer (CEO) in the near future, subject to regulatory approval, to lead the new entity in the Netherlands.

Meanwhile, in the US, stablecoins have been seeing regulatory momentum lately. Just this Tuesday, the Commodity Futures Trading Commission (CFTC) launched an initiative to explore their use as collateral in derivatives markets, a move that could further integrate them into mainstream finance.

Bitcoin Price

Despite nearly making a recovery toward $114,000 on Wednesday, Bitcoin has taken another hit as its price has slipped down to $111,200.

The trend in the BTC price over the last five days | Source: BTCUSDT on TradingView

This change of direction in the cryptocurrency has brought with it liquidations of over $76 million in the derivatives market.

The 24-hour liquidation heatmap for the digital assets sector | Source: CoinGlass

Featured image from Dall-E, CoinGlass.com, 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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Dogecoin Price Falls Into Death Cross, What to Keep Eye On
NFT Gaming

Dogecoin Price Falls Into Death Cross, What to Keep Eye On

by admin


Dogecoin has created a death cross on its short-term charts amid recent selling pressure in the market. Dogecoin saw selling pressure heading into the weekend, falling from a high of $0.2889 on Thursday to a low of $0.2631 on Saturday.

Amid the recent price drop, Dogecoin has created a death cross on the hourly chart, which forms when a short-term MA falls below a long-term moving average, considered a bearish indication.

DOGE/USD Hourly Chart, Courtesy: TradingView

At the time of writing, DOGE was up 0.6% in the last 24 hours to $0.267 and down 5.46% weekly.

Dogecoin returned below its hourly moving averages 50 and 200 at $0.267 and $0.274, following a drop from Sept. 19.

It will be watched for a return above these key levels in the very short term for a rise to $0.288 and $0.307.

According to Ali, a crypto analyst, breaking $0.29 might send Dogecoin (DOGE) flying to $0.36 and even $0.45. Support remains at $0.2568 in the event of a drop.

Dogecoin news

Grayscale recently filed an amended S-1 to convert its closed-end DOGE trust into an ETF to trade on NYSE Arca under ticker GDOG.

In the past week, DOJE, the first ETF offering exposure to spot DOGE in the U.S, issued by digital asset manager Rex Osprey, was launched.

DOJE got off to a good start, reporting $17 million in over 24 hours of its launch. According to Bloomberg ETF analyst Eric Balchunas, this would still rank among the top five for the year out of 710 launches and a good sign for the onslaught of 33 Act ETFs coming soon.

Earlier this week, Dogecoin treasury company Cleancore Solutions added 100 million DOGE, bringing its official treasury to over 600 million DOGE.



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Transfer rumors, news: Barcelona eye Haaland as Lewandowski replacement
Esports

Transfer rumors, news: Barcelona eye Haaland as Lewandowski replacement

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Sep 21, 2025, 05:25 AM ET

Manchester City striker Erling Haaland is Barcelona’s ideal replacement for Robert Lewandowski, while Crystal Palace center back Marc Guéhi is set to snub Liverpool and now has his heart set on a move to Real Madrid next summer. Join us for the latest transfer news and rumors from around the globe.

Transfers homepage | Done deals | Men’s grades | Women’s grades

TOP STORIES

– Chelsea’s Maresca on Sterling, Disasi: My dad’s life harder
– Barcelona’s salary cap drops by €112m, dwarfed by Real Madrid
– Sources: Messi, Inter Miami near multi-year extension

Manchester City striker Erling Haaland is a man in demand. Molly Darlington/Copa/Getty Images

TRENDING RUMORS

– Barcelona have identified Manchester City striker Erling Haaland as their dream replacement for 37-year-old Robert Lewandowski, says Football Insider. Haaland, 25, has scored 130 goals in 151 games since arriving from Borussia Dortmund in 2022 and he signed a new nine-and-a-half-year contract January. City aren’t looking to let the Norway international leave, and it would take an offer of £150 million to start talks, which Barcelona would need to raise by letting other players go.

– Crystal Palace center back Marc Guéhi has now told his advisors that his heart is set on a move to Real Madrid, after his deadline day move to Liverpool fell through, says by The Mirror. Liverpool defender Ibrahima Konaté already looks set to leave as a free agent in the summer, with Los Blancos one of the clubs interested in the France international, but they could also land Guehi for nothing. Elsewhere, Marca reports that Bayern Munich center back Dayot Upamecano has offered himself to Real Madrid as a free agent with his contract also expiring in the summer.

Editor’s Picks

2 Related

– Manchester United forward Marcus Rashford hopes to make a permanent transfer to Barcelona, but the club may struggle to make it happen due to LaLiga’s wage cap. The Rashford, 27, is on loan at the club and has impressed so far this season, but The Daily Mail reports that Barca can’t afford to keep him long term due to his salary.

– Toulouse goalkeeper Guillaume Restes is the latest name being considered by AC Milan as they look into possible replacements for Mike Maignan in the summer, as reported by Calciomercato. Cagliari’s Elia Caprile and Parma’s Zion Suzuki are also among the candidates and will be closely monitored throughout the season. Even so, the Rossoneri haven’t given up on keeping Maignan past his contract’s expiration in 2026, despite renewal negotiations having stalled for several months.

EXPERT TAKE

play

1:46

Has Vinícius Júnior been affected by no longer being Madrid’s star player?

Steve Nicol and Alex Kirkland discuss Vinícius Júnior’s recent performances for Real Madrid.

OTHER RUMORS

– Manchester United want to sign Real Madrid’s Federico Valverde, and are ready to offer a deal of cash plus 20-year-old midfielder Kobbie Mainoo. (Defensa Central)

– Chelsea, Manchester United and Newcastle United are all interested in Real Madrid midfielder Eduardo Camavinga, who could be available for €80m. (CaughtOffside)

– Atletico Madrid aren’t giving up hope of signing Liverpool left-back Andy Robertson in January, having also looked at the 31-year-old in the summer transfer window. (Football Insider)

– Gabriel Jesus is seriously considering leaving Arsenal amid interest from West Ham United, Everton and Flamengo. (Football Transfers)

– West Ham United, Newcastle United and Aston Villa are all monitoring AC Milan midfielder Ruben Loftus-Cheek‘s situation. (Ekrem Konur)

– Brendan Rodgers could be the pivotal factor in convincing Chelsea winger Raheem Sterling to join Celtic. (Football Insider)

– Roma, Juventus and Stade Rennais are among those who have looked at Atalanta right back Marco Palestra, who is currently on loan at Cagliari. (Corriere dello Sport)

– AC Milan are following Udinese center backs Thomas Kristensen and Oumar Solet, with the latter’s transfer costing double of his teammate at around €30m. (Calciomercato)



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Binance seeks early exit from DOJ's watchful eye
GameFi Guides

Binance seeks early exit from DOJ’s watchful eye

by admin



Binance is reportedly negotiating an early termination of its court-appointed compliance monitor. The move, signaling a potential thaw in regulatory frost, could free the exchange from a key condition of its historic $4.3 billion settlement.

Summary

  • Binance is negotiating with the DOJ to end its court-appointed compliance monitor early, years ahead of schedule, according to Bloomberg.
  • The monitor was part of a $4.3 billion settlement resolving anti-money laundering and sanctions violations.

On September 16, Bloomberg reported that Binance Holdings Ltd. is in advanced, confidential negotiations with the U.S. Department of Justice to terminate its court-appointed compliance monitor years ahead of schedule.

The monitor, Forensic Risk Alliance, was imposed for a three-year term as part of the exchange’s landmark $4.3 billion plea deal in 2023, which resolved allegations of severe anti-money laundering and sanctions violations. This potential early release signals a significant shift in the DOJ’s enforcement strategy regarding corporate oversight.

A rare recalibration in oversight

According to the Bloomberg report, which cited individuals familiar with the confidential negotiations, the DOJ’s willingness to consider an early termination stems from a broader policy reassessment under the current administration.

The shift was telegraphed in an April memo where the Justice Department stated it “is not a digital assets regulator” and would prioritize cases involving clearer federal crimes like terrorism and hacks, rather than using its authority to superimpose regulatory frameworks.

This new directive appears to be a primary driver behind the reassessment of Binance’s monitorship, suggesting prosecutors may now view such oversight as exceeding their intended mandate.

Forensic Risk Alliance, the firm appointed in May 2024, was tasked with auditing Binance’s controls under the plea deal. Frances McLeod, a founding partner at FRA, was installed to oversee whether Binance adhered to anti-money-laundering and sanctions laws, and to test the effectiveness of its remedial programs. Independent monitors of this kind are rarely lifted ahead of time, underscoring the significance of these discussions.

Binance doubles down on compliance

Since the settlement, Binance has moved aggressively to shore up its compliance record. The Wall Street Journal reported the exchange spent an estimated $200 million on compliance in 2024 alone, a figure that aligns with CEO Richard Teng’s stated strategy of making regulatory adherence a “competitive advantage.”

Teng, a former regulator himself who took helm of the exchange from Changpeng Zhao, has also instituted a new seven-person board of directors, moving the company away from its previous centralized leadership structure.

Meanwhile, it is crucial to note that the DOJ monitor is just one piece of a much larger enforcement puzzle. Binance’s global $4.3 billion settlement also included a separate, five-year monitorship with the Treasury Department’s Financial Crimes Enforcement Network which appointed a monitor from Sullivan & Cromwell.

The arrangement was part of a record $3.4 billion settlement with FinCEN and a $968 million settlement with OFAC for enabling over 1.67 million trades between U.S. users and those in sanctioned jurisdictions. There is no indication yet that these separate Treasury-mandated monitorships are under similar review.



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Bitcoin price eye $117K breakout as sell pressure drops
Crypto Trends

Bitcoin price eye $117K breakout as sell pressure drops

by admin



After a turbulent start to September, Bitcoin is still trading just above $115,000, and sell pressure indicators point to a possible accumulation phase.

Summary

  • Bitcoin price is consolidating above $115K after a brief dip, with sell pressure showing signs of easing.
  • Accumulation is picking up, suggesting stronger hands are absorbing supply ahead of the next move.
  • Resistance at $117K remains key — a breakout could open the way to $124K, while failure risks retesting lower supports.

Bitcoin is currently trading at $115,954, down 0.5% over the previous day. Weekly values have ranged from $110,870 to $116,705, which puts the asset 6.6% below its peak of $124,128 on Aug. 14.

Although it is still down 2% over the last 30 days, Bitcoin (BTC) has increased 3.4% over the last week. A 46.7% increase in daily trading volume to $45.1 billion from the previous day suggests that market activity has resumed.

Derivatives also saw momentum, with volume rising 42.18% to $75.28 billion, though open interest dipped slightly by 1.32%, suggesting traders may be cautious about taking new positions.

Analysts flag easing Bitcoin sell pressure

On Sept. 16, crypto analyst Ali Martinez noted that Bitcoin’s Sell-Side Risk Ratio had dropped below 0.1%, a level often associated with local bottoms, reduced sell pressure, and accumulation phases. Additionally, he pointed out that $116,963 is a crucial supply wall where sellers might try to profit if Bitcoin keeps rising.

Meanwhile, CryptoQuant contributor Arab Chain pointed to a sharp rise in the Bitcoin Scarcity Index on Binance, the first spike since June. When exchange supply thins out, either as a result of large investor withdrawals or a decline in sell orders, this index often rises. When this last happened, Bitcoin rose to $124,000.

However, Arab Chain cautioned that if the spike fades quickly, it could reflect speculative activity rather than sustained buying. A prolonged positive reading, by contrast, could confirm the beginning of a strong accumulation phase.

Bitcoin price technical analysis

On its daily chart, Bitcoin shows consolidation just below resistance at $117,525, and it is currently trading near the upper Bollinger Band. While the relative strength index, which is at 58, indicates neutral momentum, the Momentum and MACD indicators flash buy signals, indicating a bullish short-term scenario.

Bitcoin daily chart. Credit: crypto.news

Moving averages continue to be very supportive as Bitcoin trades above its 50-, 100-, and 200-day levels, all of which flash “buy.” This alignment indicates underlying strength, even though the commodity channel index and stochastic RSI point to overbought conditions and the possibility of a brief decline.

If Bitcoin breaks above the resistance level between $116,963 and $1117,525, it might retest its all-time high of $124,128 from August. However, the price may return to support at $112,244 and perhaps $106,963 if this is not done.



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