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Solana Ecosystem To Gain Boost With New Alliance Between Crypto.com And Sharps Technology – Details

by admin September 30, 2025

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

The Solana blockchain is definitely in the spotlight now as new developments unfold that could bolster and enhance the network’s adoption and recognition in the dynamic financial world. A recent report outlined a new strategic union between two prominent companies that would foster this advancement in the SOL ecosystem.

A Strategic Partnership To Foster Solana Innovation

In the ongoing bull market cycle, several key moves are continuously being carried out that reflect the growing scalability and efficiency of the Solana blockchain and its thriving ecosystem. One of the latest moves is the strategic partnership between Crypto.com and Sharps Technology, an emerging leader in digital asset treasury management.

On Monday, these two financial behemoths announced their union, which is aimed at strengthening the SOL ecosystem. This alliance signifies yet another important turning point in the leading blockchain’s explosive growth and recognition.

By expanding its digital asset treasury strategy with Crypto.com services for its holdings, Sharps Technology’s bold vision is to align traditional finance with the SOL ecosystem. “Partnering with Crypto.com, a platform with over 150 million users, provides us with the institutional-grade tools and liquidity access to responsibly manage one of the largest Solana treasuries, while also directly contributing to the growth of the Solana ecosystem,” James Zhang, Strategic Advisor to Sharps.

The announcement underscores the robust conviction and interest of Sharps Technology toward Solana’s long-term value and potential, having acquired over 2 million SOL in its treasury. With SOL trading above the $200 price level, the company’s SOL holding is currently valued at almost $400 million.

Overall, the action demonstrates increasing corporate and institutional interest in building and expanding on the Solana blockchain. Furthermore, with this move, SOL’s position as a blockchain created for scalability, efficiency, and next-generation financial applications is further strengthened.

SOL At The Top Of Total Active Developers

While strategic moves are made to boost its ecosystem, Solana is actively demonstrating its growing dominance in the blockchain sector. According to a report from Solana Daily on X, the leading blockchain has experienced a substantial surge in active developer activity.

Following the surge, SOL has now emerged as the clear leader in total active developers. Data shared by the platform shows that SOL is ranked no.1, surpassing all other chains with more builders contributing to its thriving ecosystem.

Interestingly, the blockchain saw nearly 2x more developers than Ethereum. Known for its speed, scalability, and low-cost transactions, this rise in devs underscores SOL’s rising role as a magnet for innovation, putting it at the forefront of blockchain development.

At the time of writing, SOL’s price has reclaimed above the $209 level, demonstrating a slight increase of 0.15% in the last 24 hours. Despite the weakening upward movement, bullish sentiment still lingers around the altcoin as evidenced by a more than 42% rise in its trading volume in the past day.

SOL trading at $210 on the 1D chart | Source: SOLUSDT on Tradingview.com

Featured image from Adobe Stock, chart from Tradingview.com

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September 30, 2025 0 comments

NFT Gaming

Bitcoin And Ethereum Funds Shed $1.1 Billion While Solana Investment Products Gain $291 Million – Report

by admin September 30, 2025

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

According to a CoinShares report published earlier today, global crypto investment products related to Bitcoin (BTC) and Ethereum (ETH) experienced total outflows of $1.1 billion over the past week. In contrast, Solana (SOL) investment products attracted $291 million in inflows.

Bitcoin, Ethereum Products Bleed While Solana Shines

Crypto investment products experienced a total net outflow of $812 million over the past week, primarily driven by Bitcoin products, which incurred $719 million in weekly outflows. Ethereum followed with its investment products, losing funds worth $409.4 million.

The report attributes the outflow in BTC and ETH investment products to the lower expectations of interest rate cuts this year, following the stronger-than-anticipated macroeconomic data in the US. Notably, the GDP and durable goods figures were revised to the upside, showing resilience in the economy.

That said, cumulative month-to-date (MTD) inflows remain strong, hovering around the $4 billion mark. Similarly, the cumulative year-to-date (YTD) inflows stand at $39.6 billion, inching closer to last year’s record $48.6 billion inflows.

Notably, BlackRock’s iShares spot Bitcoin exchange-traded fund (ETF) lost $68 million in funds. Meanwhile, Grayscale Investments’ GBTC ETF saw $300 million in outflows, while Fidelity’s FBTC witnessed outflows to the tune of $738 million. The report adds:

Importantly, there was no commensurate increase in short-bitcoin investment product demand, suggesting that the negative sentiment was likely low-conviction and likely to prove temporary.

In terms of countries, the US saw outflows to the tune of $1.03 billion, while Sweden-based crypto investment products lost $13.4 million in funds. On the contrary, Swiss products gained $126 million, while Canadian investment products attracted $58.6 million in inflows.

Unlike Bitcoin and Ethereum investment products, Solana investment products shone as they attracted inflows worth $291 million. Even more impressive, Solana products have pulled in $1.8 billion worth of funds on a YTD basis.

Besides the positive momentum in investment products, SOL is also seeing bullish price action as it steadily moves toward its all-time high (ATH) value of $293, recorded earlier this year in January.

Analysts say that SOL’s recent positive price action can be attributed to the rising likelihood of spot SOL ETFs getting approved in the near term. A recent report remarked that SOL-based ETFs could be approved in as little as two weeks.

Will Macroeconomic Factors Benefit Cryptocurrencies?

Latest data from FedWatch gives an 68% probability of the US Federal Reserve (Fed) lowering interest rates by 50 basis points (bps) during its December 10 meeting. The rate cut is expected to benefit risk-on assets, including cryptocurrencies like BTC, ETH, and SOL.

Source: FedWatch

In addition, future lower-than-expected inflation readings may further encourage the Fed to slash interest rates on an even larger scale. At press time, BTC trades at $113,628, up 3.1% in the past 24 hours.

Bitcoin trades at $113,628 on the daily chart | Source: BTCUSDT on TradingView.com

Featured image from Unsplash.com, charts from FedWatch and TradingView.com

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September 30, 2025 0 comments

Crypto Trends

Zcash Outshines Bitcoin with 102% Gain

by admin September 30, 2025

Still down 98%
Delistings and security concerns

Privacy-focused cryptocurrency Zcash (ZEC) has managed to substantially outshine Bitcoin (BTC) this September, with the ZEC/BTC pair surging by more than 100%.

ZEC has managed to break a multi-year downtrend against the leading cryptocurrency while few were paying attention.

At press time, Zcash is changing hands at $68.81 after hitting a six-month high.

Following the recent surge, the privacy coin is now on the verge of reclaiming its spot within the top 100.

Still down 98%

However, it is worth noting that ZEC is still down a whopping 98% from its record high of $3,191 that was reached back in October 2016.

Back then, there was a speculative frenzy surrounding the token due to market excitement for privacy coins and zero-knowledge proofs, which make it possible to conduct private transactions.

Delistings and security concerns

In 2024, Zcash faced a wave of delistings on numerous exchanges alongside fellow privacy coin Monero (XMR) due to heightening regulatory pressure. Earlier this year, Binance, the world’s leading cryptocurrency exchange, also indicated that it could delist ZEC, which sparked backlash within the community.

The token has also faced significant security concerns. Back in September 2023, a single mining pool managed to seize control of more than 50% of the hashrate. This could have potentially lead to 51% attacks.

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September 30, 2025 0 comments

GameFi Guides

GAIN Crashes 80% After Abnormal Mint and Dump

by admin September 25, 2025

Attacker’s actions
Griffin AI’s response

GAIN, the token of artificial intelligence (AI) agent builder Griffin AI, has plunged by a whopping 80% following “abnormal minting and dumping,” according to a recent alert posted by cybersecurity firm PeckShield.

The BNB Chain-based token was recently listed on several exchanges, including HTX, KuCoin, Gate.io. On top of that, the token made its debut on Binance, the world’s largest cryptocurrency exchange, on the cusp of the attack.

Attacker’s actions

The token was supposed to have a capped supply, but malicious actors managed to surpass this limit by suddenly minting a total of 5 million GAIN by exploiting a vulnerability in the project’s smart contract.

The attacker immediately ended up swapping 5 million GAIN for BNB, pocketing roughly $3 million. The massive sale resulted in an extremely severe price drop for the token in question.

The attacker then swapped the BNB for 720 ETH and sent the tokens to the Tornado Cash privacy mixer, which makes it extremely challenging to actually trace stolen funds.

Griffin AI’s response

Following the attack, Griffin AI requested that all exchanges pause trading, deposits, and withdrawals of the GAIN token. The move is meant to prevent the attacker from performing more transactions.

“We’re coordinating closely with exchanges and security partners,” he said.

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September 25, 2025 0 comments

NFT Gaming

PENGU price eyes 20% rally as Pudgy Penguins gain Wall Street spotlight

by admin September 18, 2025

PENGU price could potentially rally toward $0.045, on the back of a multi-year partnership with NYSE‑listed Bullish, and a surge in NFT sales.

Summary

PENGU price is up 11% in the past 24 hours.
The token has broken out of a falling edge that points to a potential rally to $0.045 in the short term.

According to data from crypto.news, Pudgy Penguins (PENGU) rose 11% over the past day to an intraday high of $0.037 while bringing its market cap to over $2.34 billion at press time. At this price, the token is up 37% from its monthly low and 870% above its lowest point this year.

Trading volume for PENGU stood 87% higher than the previous day. Additionally, open interest in PENGU futures rose by 21%, while the weighted funding rate has remained positive for the past 13 days, indicating that a growing number of traders are taking bullish positions on the token.

There are two main catalysts that have driven the PENGU price up today.

First, the Pudgy Penguins team revealed in a Sep. 18 X post that the project, along with its token, was featured in the Q2 earnings report and conference call of Bullish, a company that recently secured a U.S. stock exchange listing following a highly successful IPO that raised $1.1 billion and valued the firm at $5.4 billion.

One of the key highlights from the call was a 4‑year, multi‑product agreement with Igloo Inc., the parent company behind Pudgy Penguins.

PENGU likely benefited from the increased visibility and institutional credibility gained through this partnership with a publicly listed company, potentially attracting more investor interest and improving engagement across both its NFT and token ecosystems.

PENGU’s rally was also supported by a rebound in Pudgy Penguin NFT sales following a period of muted trading activity over the past week. In the past 24 hours, NFT sales surged by over 140%, while the number of buyers and sellers increased by 71% and 128%, respectively.

On the daily chart, PENGU has confirmed a breakout from a falling wedge in which it had been consolidating for multiple weeks. The bullish reversal pattern is formed when an asset’s price action creates converging downward slopes. A breakout from it typically leads to a sharp rally over the short term.

PNEGU price has confirmed a breakout from a falling wedge on the daily chart — Sep. 18 | Source: crypto.news

On a broader timeframe, the falling wedge acts as the handle of a larger cup-and-handle pattern that has been developing since the start of this year.

A cup-and-handle structure is typically characterized by a rounded bottom (the cup) followed by a short-term downward drift (the handle). A breakout from this pattern usually leads to much stronger gains over a longer period of time.

A look at momentum indicators such as the MACD shows a positive crossover, with growing green histograms, a sign of the bulls’ increasing dominance over bears.

On top of that, the Relative Strength Index, which measures the speed and magnitude of recent price changes, has moved above 62. When this metric stands above 60, it indicates that buyers are exceeding sellers. Since it is still below the overbought level of 70, PENGU still has room to run before facing potential sell-side risk.

Based on this setup, PENGU is now eyeing a move toward $0.045, which marks both its July peak and the measured target from the falling wedge breakout. The target lies around 20% above the current price level.

A decisive break above the cup-and-handle neckline at $0.047 would confirm the broader bullish structure and pave the way for stronger upside momentum.

On the downside, a decline beneath the $0.027 support would invalidate this setup and signal weakness in the trend.

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

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September 18, 2025 0 comments

GameFi Guides

MYX Surges 23% as Altcoins DOGE and SOL Gain

by admin September 13, 2025

The crypto market is in green today even as investors settle for the weekend. Currently, major tokens are up an average of 2-5% in 24 hours. As a result of that, the overall market capitalization has increased by 1.59% to $4.02 trillion, almost hitting its all time high of $4.05 trillion set in July.

DOGE & SOL Surge 6% in 24 Hours

Dogecoin (DOGE) and Solana (SOL), both ranked within the top 20 cryptocurrencies by market capitalization, saw their prices spike by 6% each over the last 24 hours, according to data from CoinMarketCap.

At the time of writing this report, DOGE is trading for $0.2638, up from a daily low of $0.2493 during the Asian trading session. Meanwhile, DOGE’s market capitalization increased to $39.82 billion, despite a 1.58% drop in trading activity to $3.73 billion.

SOL is currently trading for $239.29. Over the last 24 hours, the token has experienced a 33% surge in trading activity, which led to $12.01 billion. The token saw momentum during the Asian session when it was trading $234, then surged $241 before dropping a brief.

MYX Finance Surge 23% from Previous Day

MYX Finance (MYX) saw the most gains, climbing over 23% over the same period. The price surge was accompanied by a 23% increase in trading activity, which resulted in a trading volume of $3.54 billion.

Meanwhile, the token initially saw a drop during the Asian trading hours, when it dipped down to $10.5, before surging back up during the New York session to trade at $18.08.

Market Sentiment

The recent price action aligns with a shift in investor sentiment toward altcoins. According to the Altcoin Season Index, sentiment has moved to 67%, indicating that traders are increasingly focusing on non-Bitcoin cryptocurrencies. This sentiment shift comes even as the overall market sentiment, as measured by the Fear and Greed Index, remains neutral at 50%.

The market rally occurred alongside a period of significant liquidations from leveraged trading. According to data from Coinglass, a total of 105,839 trades were liquidated yesterday, resulting in $286.24 million in total liquidations.

Long-position traders, who bet on rising prices, were liquidated for $67.45 million, while short-position traders, who bet on falling prices, saw $218.94 million in liquidations, suggesting a sharp, unexpected price move upwards.

Also Read: Gemini Space Station Prices IPO at $28 per Share

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September 13, 2025 0 comments

Jensen,huang,,nvidia,founder,and,ceo,and,c.w,tsai,,spil

Product Reviews

Nvidia Is Not Happy With the Gain AI Act, Says As Much

by admin September 6, 2025

In a move drawing considerable attention across the tech industry, Nvidia Corporation has publicly critiqued the recently proposed Gain AI Act, emphasizing its potential to stifle competition in the rapidly evolving artificial intelligence sector.

The GAIN AI Act, which stands for Guaranteeing Access and Innovation for National Artificial Intelligence Act, was introduced as part of the U.S. National Defense Authorization Act, with the goal of ensuring that the United States is the dominant market force for AI.

It has not yet passed and remains a hotly debated policy topic both here and abroad because of the restrictions it looks to enact.

Backers say it aims to protect American market interests by prioritizing domestic orders for advanced AI chips and processors, as well as secure supply chains for critical AI hardware, and theoretically reduce our reliance on foreign manufacturers.

So it’s no huge surprise that Nvidia, a Chinese corporation and currently the world’s biggest company, would take aim at a law that might potentially restrict the competitiveness of foreign technology.

The company said as much during a recent industry forum.

“We never deprive American customers in order to serve the rest of the world. In trying to solve a problem that does not exist, the proposed bill would restrict competition worldwide in any industry that uses mainstream computing chips,” an Nvidia spokesperson said.

Is the Gain AI Act a good idea for innovation?

It depends on who you ask.

Essentially, the law seeks to strengthen national security and economic competitiveness by ensuring that key AI components remain accessible to American companies and government agencies before they are supplied abroad.

Its language takes a hard line on what the priority should be for the United States government.

“It should be the policy of the United States and the Department of Commerce to deny licenses for the export of the most powerful AI chips, including such chips with total processing power of 4,800 or above and to restrict the export of advanced artificial intelligence chips to foreign entities so long as United States entities are waiting and unable to acquire those same chips,” the legislation reads.

Nvidia’s critique reflects broader industry anxieties about regulatory environments that might hinder innovation. As global competition intensifies, particularly with formidable advances in AI from regions such as China, firms like Nvidia are closely watching how regulatory frameworks are taking shape abroad.

But it’s not just foreign companies. American market players, too, have said it could hit many domestic operations hard.

“Advanced AI chips are the jet engine that is going to enable the U.S. AI industry to lead for the next decade,” Brad Carson, president of Americans for Responsible Innovation (ARI), a lobbying group for the AI industry, said in a widely distributed statement.

“Globally, these chips are currently supply-constrained, which means that every advanced chip sold abroad is a chip the U.S. cannot use to accelerate American R&D and economic growth,” Carson said. “As we compete to lead on this dual-use technology, including the GAIN AI Act in the NDAA would be a major win for U.S. economic competitiveness and national security.”

‘Doomer science fiction’

Nvidia didn’t stop there. It then took aim at an earlier attempt to make the U.S. more competitive in the chipmaker market, a policy called the AI Diffusion Rule, which ultimately failed.

The company minced no words in a follow-up statement, saying that the past attempts by legislators to control market forces based on protectionist policies was ultimately a bad idea.

“The AI Diffusion Rule was a self-defeating policy, based on doomer science fiction, and should not be revived,” it read.

“Our sales to customers worldwide do not deprive U.S. customers of anything—and in fact expand the market for many U.S. businesses and industries,” it said. “The pundits feeding fake news to Congress about chip supply are attempting to overturn President Trump’s AI Action Plan and surrender America’s chance to lead in AI and computing worldwide.”

The challenge will be creating laws that are as dynamic as the technologies they aim to govern, fostering a climate where innovation and ethical accountability are not mutually exclusive, but rather mutually reinforcing.

We’ve tried this before

Nvidia’s mention of the AI Diffusion rule was no accident. That ill-fated policy had many of the same political goals but ultimately stumbled at the finish line and was a relatively toothless attempt to rein in some of the world’s most competitive companies.

The Biden administration’s AI Diffusion rule, enacted in January 2025, represented a significant shift in U.S. export controls targeting cutting-edge artificial intelligence technology.

Designed to curb the spread of advanced AI tools to rival nations, the regulation mandated licensing for the sale of high-end AI chips and imposed strict caps on computing power accessible to foreign recipients. Its goal was to slow the diffusion of sensitive AI capabilities that could enhance military or strategic applications abroad.

However, the Trump-era approach to export controls, which focused on a more targeted, bilateral framework, was poised to replace the Biden administration’s broader strategy.

President Trump had announced plans to rescind the AI Diffusion rule, criticizing it as overly bureaucratic and potentially hindering U.S. innovation. Instead, his administration favored engaging in country-specific agreements to control export practices, aiming for a more adaptable, case-by-case approach.

Though the AI Diffusion rule was ultimately rolled back, the Bureau of Industry and Security (BIS) signaled a renewed emphasis on enforcing existing regulations. The agency issued a notice reinforcing actions against companies with a “high probability” of violations, warning that increased scrutiny would be applied to entities with knowledge of potential breaches.

Whether this latest attempt to advance American interests meets a similar fate remains to be seen.

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September 6, 2025 0 comments

Esports

Porting your mobile game to web browsers is a low-effort way to gain a fresh revenue stream | Opinion

by admin September 6, 2025

Pavel Polovinka is head of publishing at Playgama, a platform for the distribution and monetization of HTML5 games.

What happens when you hop from the mobile gaming market into the web one? Can you compare the two? Is there any point to this?

The short answers to these questions are: ‘almost effortless user acquisition’, ‘to some extent’, and ‘undoubtedly’.

The web game market is relatively tiny compared with mobile. But it’s also a growing market.

More to the point, it can be relatively easy to port your mobile title to HTML5 and distribute it to the various web platforms. The potential revenue might be much smaller than on mobile – but by ignoring the web market, you’re leaving money on the table.

Case study

Here’s an example of how Playgama enabled a pair of mobile games to find a new audience and revenue stream.

StoreRider, an all-in-one distributor of Android games on alternative stores, decided to venture into the web game market, and asked Playgama to help them. Most of the time, we provide our services to studios or web-oriented publishers, so StoreRider was a new type of client to work with.

StoreRider is a unique enterprise in many ways. It helps developers earn more from existing mobile games by distributing them outside the usual platforms, such as the App Store and Google Play. Instead, StoreRider explores alternative channels such as the Epic Games Store, One Store, telecom subscriptions, in-flight entertainment, US facilities, and web exports.

StoreRider initially uploaded two games – Gangsta Island: Crime City and Vikings: an Archer’s Journey, originally developed by Pinpin Team – to platforms including Playgama and Crazy Games. But after reaching around 500,000 play sessions, the company soon recognised the market potential and decided to cast a larger net.

Complications

StoreRider’s expertise lies in mobile, and the company didn’t have the time to optimize the source code for all of the different web platforms – let alone connect with the key publishers and drudge through compliance.

Take, for example, Facebook’s guide for Instant Games. One must spend hours reading through checklists, then days trying to adjust the game to fit the requirements. On top of that, there is the registration process, SDK integration, and support.

Multiply every step by the number of platforms one wants to be presented on, then again by the number of games, and the gargantuan amount of jobs to do starts to block the sun.

Initially, we didn’t plan to add any new features to the two StoreRider games. The idea was to obtain the source code for both of them and then integrate our SDK, which enables compatibility with any web platform.

Gangsta Island: Crime City | Image credit: Store Rider

However, we decided to go a little further. We optimized both games so that they would work flawlessly on mobile browsers within the WebGL context, and we increased the max memory usage capacity to guarantee smooth gameplay (thus reducing loading times and lowering the churn rate).

We also localized Vikings: An Archer’s Journey to 15 languages, and Gangsta Island: Crime City to three, and we added asynchronous saves and engagement tools, such as ‘Share with friends’, to plug into Facebook’s social mechanics.

Finally, we published both games on Playgama, MSN Games, Facebook, Yandex Games, VK, Game Distribution, Lagged, and Y8.

The results, although modest by the standards of big publishers, were inspiring. Over three months, the games achieved over one million play sessions, a 20% day one retention rate, and number one position in the MSN top ten for several consecutive weeks.

There’s little sense in comparing these figures to the vastly larger mobile market. But the key takeaway is this: a mobile distributor was able to find a new revenue stream with close to no contribution on their part.

Right now, we’re publishing the polished versions of StoreRider’s games to even more platforms. Overall, the WebGL optimization service seems promising, as we expect more mobile devs and distributors to hedge their bets with web gaming.

A slice of the pie

Let’s backtrack to the questions we posed in the beginning. Currently, the web gaming market is considered a Plan B for the mobile crowd – and rightfully so.

The mobile market dwarfs the web market in terms of volume: the former was worth $106.5 billion in 2024, whereas the latter came in at just $16.77 billion in the same year. As such, the potential revenue is far lower.

If you don’t succeed on mobile, it costs close to nothing to win something back on the web

Still, it is crucial to keep in mind that the web market is far more accessible in terms of marketing spending and user acquisition. If you don’t succeed on mobile, it costs close to nothing to win something back on the web.

As a closer, here’s some food for thought. The number of web browser games has increased by 4.9 times over the past two years, and the HTML5 games market is projected to grow to $31.9 billion by 2030.

If you hunger for a piece of this pie, it’s better to get your metaphorical fork out now. Entering this niche has never been easier, even for mobile studios and distributors.

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September 6, 2025 0 comments

NFT Gaming

Bitcoin May Gain as Dollar Drops and Bond Yields Climb, Experts Say

by admin September 4, 2025

In brief

The dollar index has dropped 11% this year, its sharpest fall since 1973.
Gold is at record highs signaling U.S. institutions are hedging against inflation.
A steepening yield curve for bonds points to higher long-term risks and potential support for Bitcoin.

A weakening U.S. dollar, rising governance risks, and yield curve steepening are creating a bullish narrative for Bitcoin, according to a Thursday investment note from Singapore-based QCP Capital.

The U.S. dollar index (DXY), which tracks the value of the U.S. dollar relative to a basket of foreign currencies, has shed 11% of its value since the first half of this year and is currently hovering around 98.23.

“This is the largest decline since 1973–more than 50 years ago,” Stephen Gregory, founder of crypto trading platform Vtrader, told Decrypt.

With gold hitting an all-time high of $3,578 on September 3, Gregory said, “It is evident that U.S. institutions are hedging the declining dollar.” The liquidity from gold is likely to follow into “fixed supply assets like Bitcoin and Ethereum,” he said.

The decline in the U.S. dollar comes amid a bond market sell-off, with experts citing inflation concerns as the primary reason for the surge in 30-year yields across the U.S., the UK, Australia, and Japan.

“It’s really unusual for a 30-year Treasury yield to rise in a Fed easing cycle,” Robin Brooks, a senior fellow at the Brookings Institution’s Global Economy and Development program, tweeted on Wednesday.

Many countries previously shifted their debt issuance to short-term maturities, leading to a global increase in long-term government bond yields, Brooks noted in a subsequent tweet, “a move that may be coming back to haunt us.”

In addition to maintaining a focus on short-term maturities, most central banks worldwide have already begun easing or are anticipating further easing, thereby keeping the front-end anchored.

The recent bond sell-off, however, has widened the gap between short- and long-term yields, steepening the yield curve. In other words, investors are demanding higher returns to lend money for longer periods.

Adding to this complex mix are growing concerns about the Federal Reserve’s independence. President Donald Trump has repeatedly applied pressure to Fed Chair Jerome Powell to lower rates this year, in an effort to service the U.S.’s high levels of interest on its sovereign debt.

According to QCP, that fear is why the premiums remain “higher at the long end, causing the yield curve to steepen.”

A steepening yield curve “signals rising inflation expectations, but it can also signal that investors believe the economy will grow,” Gregory said.

With inflation on the rise, “risk assets like Bitcoin tend to outperform the market,” he explained, “perhaps this is the perfect backdrop for a crypto supercycle.”

Bitcoin’s year-to-date return hovers around 96%, down nearly 11% from its record high of $124,545, CoinGecko data shows. Gold, however, hit an all-time high of $3,578 on Tuesday and is up 35% this year.

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September 4, 2025 0 comments

Crypto Trends

BTC Treads Water, Gold Extends Gain as U.S. Jobs Data Looms: Crypto Daybook Americas

by admin September 3, 2025

By Francisco Rodrigues (All times ET unless indicated otherwise)

Bitcoin BTC$111,487.44 rose just 0.6% in the last 24 hours, while the wider market as measured by the CoinDesk 20 (CD20) Index added 0.4%. The gain is overshadowed by gold’s increase and a major government bond sell-off.

The precious metal broke through $3,500 per ounce for the first time on Wednesday, helping the tokenized gold market to top $2.5 billion in value as growing bets see the Federal Reserve cutting rates this month. Gold’s advance comes as investors are wary of swelling government debt, prompting a sell-off in long-dated government bonds.

The yield on Japan’s 30-year government bond rose to a record 3.28% following similar moves in the U.S. and U.K. The U.S. 30-year Treasury yield neared 5%, while British gilts reached levels not seen since 1998, at 5.7%.

The turmoil hasn’t added fuel to the crypto market, whose price action remains muted. Deribit’s bitcoin volatility index (DVOL) is now at 38.1, its lowest level since late 2023, while capital is seemingly rotating into ether (ETH).

While spot bitcoin ETFs saw $751 million in net outflows last month, spot ether ETFs brought in a net $3.87 billion. That rotation is also being seen on-chain.

Meanwhile, a joint statement from the SEC and CFTC clarified rules for compliant spot crypto trading in the agencies’ latest effort to clear a way forward for crypto in the U.S.

The statement failed to jolt the crypto market, seemingly as investors await Friday’s U.S. jobs report. A soft reading could nudge the Federal Reserve closer to lowering rates, which would boost the market and other risk assets.

A hotter-than-expected figure, however, could damp sentiment. September has historically been a negative month for the sector, with bitcoin recording a drop of 3.29% on average for the month according to CoinGlass data. Stay alert!

What to Watch

Crypto
- Sept. 3: First day of regular-hours trading on Nasdaq for American Bitcoin (ABTC). The company, backed by Eric Trump and Donald Trump Jr., was formed through a reverse merger with Gryphon Digital Mining and listed after market close on Sept. 2.
- Sept. 3, 10:15 a.m.: Tellor (TRB), a decentralized oracle network that operates as an Ethereum layer-2 blockchain, will upgrade its mainnet to version 5.1.1. The upgrade improves network performance and node operation.
- Sept. 4: Polygon will switch its mainnet token to POL from MATIC. Holders of MATIC on Ethereum, Polygon zkEVM or centralized exchanges may need to take action.
- 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. 3, 8 a.m.: Brazil’s Institute of Geography and Statistics (IBGE) releases July industrial production data.
  - Industrial Production MoM Est. -0.3% vs. Prev. 0.1%
  - Industrial Production YoY Est. 0.2% vs. Prev. -1.3%
- Sept. 3, 9 a.m.: S&P Global releases August Brazil data on manufacturing and services activity.
  - Composite PMI Prev. 46.6
  - Services PMI Prev. 46.3
- Sept. 3, 10 a.m.: The U.S. Bureau of Labor Statistics releases July labor market data (the JOLTS report).
  - Job Openings Est. 7.4M vs. Prev. 7.437M
  - Job Quits Prev. 3.142M
- Sept. 4, 8:15 a.m.: Automatic Data Processing (ADP) releases August U.S. private-sector employment data.
  - Employment Change Est. 68K vs. Prev. 104K
- Sept. 4, 9:30 a.m.: S&P Global releases August Canada data on manufacturing and services activity.
  - Composite PMI Prev. 48.7
  - Services PMI Prev. 49.3
- Sept. 4, 9:45 a.m.: S&P Global releases (final) August U.S. data on manufacturing and services activity.
  - Composite PMI Est. 55.4 vs. Prev. 55.1
  - Services PMI Est. 55.4 vs. Prev. 55.7
- Sept. 4, 10 a.m.: The Institute for Supply Management (ISM) releases August U.S. services sector data.
  - Services PMI Est. Est. 51 vs. Prev. 50.1
- Sept. 4, 1 p.m.: Uruguay’s National Institute of Statistics releases August inflation data.
  - Inflation Rate YoY Prev. 4.53%
- Sept. 4, 3 p.m.: Colombia’s National Administrative Department of Statistics (DANE) releases August producer price inflation data.
Earnings (Estimates based on FactSet data)
- Sept. 9: GameStop (GME), post-market

Token Events

Governance votes & calls
- Arbitrum DAO is voting on upgrading Arbitrum One and Nova to ArbOS 50 Dia, adding support for Ethereum’s Fusaka fork, new EIPs, bug fixes and a native mint/burn feature (for Orbit chains only). Voting ends Sept. 4.
- Uniswap DAO is voting on deploying Uniswap v3 on Ronin with $1M in RON and $500K in UNI incentives to make it the chain’s primary decentralized exchange. Voting ends Sept. 6.
- 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.
- Sept. 2, 6 a.m.: Bybit and Centrifuge to host an ask me anything (AMA) session on X spaces.
- Sept. 3: Stellar XLM$0.3649 to host vote on Protocol 23 mainnet upgrade.
- Sept. 3, 10 am: Lido to host a Poolside Community Call.
- Sept. 3, 10 a.m.: Zebec Network ZBCN$0.004202 to host spaces event on blockchain integrations.
- Sept. 3, 12:30 p.m.: Aptos APT$4.3209 to host hangout on ecosystem updates.
- Sept. 4, 10 a.m.: OlympusOHM$131.29 to host community call.
Unlocks
- Sept. 5: Immutable (IMX) to unlock 1.27% of its circulating supply worth $13.26 million.
- Sept. 11: Aptos APT$4.3209 to unlock 2.2% of its circulating supply worth $48.18 million.
- Sept. 15: Starknet (STRK) to unlock 5.98% of its circulating supply worth $16.39 million.
- Sept. 15: Sei SEI$0.2886 to unlock 1.18% of its circulating supply worth $16 million.
- Sept. 16: Arbitrum ARB$0.5017 to unlock 2.03% of its circulating supply worth $47.15 million.
Token Launches
- Sept. 3: Moonchain (MCH) to be listed on Binance Alpha, MEXC, Gate.io 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

Bitcoin BTC$111,487.44 dominance, a key metric when assessing whether the crypto market is in “altcoin season” has ticked down another notch to around 58%, having been above 61% just 30 days ago.
The drop-off demonstrates a change in trader behavior: Typically altcoins perform poorly when BTC enters a downtrend, this time, however, many have held their value while some have outperformed the market’s largest asset.
Bitcoin is down by 2.91% in the past 30 days while the likes of ether (ETH) and solana SOL$210.66 are up by 21% and 27.5%, respectively.
While the gains have been driven by the adoption of several altcoins in corporate treasuries, they can also be attributed to a recalibration of the entire market.
During BTC’s rise to a $124,000 record high last month, the narrative was solely focused on bitcoin and it’s perceived correlation with the well-performing tech sector in equities.
It’s worth noting that in previous cycles bitcoin dominance slumped all the way down to 39%, indicating that the altcoin resurgence still has some way to go.
However, as liquidity flowed into BTC, several altcoins fell to record lows against bitcoin, leading to a number being “oversold” on technical indicators like relative strength index (RSI).

Derivatives Positioning

The total open interest across all perpetual instruments increased overnight to $114 billion, data from Laevitas show.
A liquidations heatmap for the BTC-USDT pair on Binance shows that bitcoin is trading between two significant liquidation clusters. Above the current price, a $90 million cluster of liquidations sits around the $112,200 mark. To the downside, the largest cluster is valued at $76.6 million, located around $110,000.
According to Deribit options data, the 24-hour BTC put-call volume is 26.4K contracts, with calls accounting for 51.6% of the total. The contract with the highest volume is the $108K strike price put expiring Sept. 26.
That’s followed by the call at a strike price of $114K expiring on the same day.
The funding rate heatmap on Coinglass remains positive for most assets, indicating a general bullish sentiment. The one exception is TRX, which has a negative funding rate, reflecting a -10.2% APR.

Market Movements

BTC is down 0.1% from 4 p.m. ET Tuesday at $111,323.58 (24hrs: +0.92%)
ETH is up 0.82% at $4,348.94 (24hrs: -0.89%)
CoinDesk 20 is up 0.59% at 4,046.65(24hrs: +1.01%)
It’s worth noting that in previous cycles bitcoin dominance slumped all the way down to 39%, indicating that the altcoin resurgence still has some way to go.

Derivatives Positioning

DXY is down 0.15% at 98.25
Gold futures are up 0.36% at $3,605.20
Silver futures are unchanged at $41.62
Nikkei 225 closed down 0.88% at 41,938.89
Hang Seng closed down 0.6% at 25,343.43
FTSE is up 0.43% at 9,155.78
Euro Stoxx 50 is up 0.84% at 5,335.46
DJIA closed on Tuesday down 0.55% at 45,295.81
S&P 500 closed down 0.69% at 6,415.54
Nasdaq Composite closed down 0.82% at 21,279.63
S&P/TSX Composite closed up 0.18% at 28,615.62
S&P 40 Latin America closed down 0.32% at 2,760.02
U.S. 10-Year Treasury rate is up 0.2 bps at 4.279%
E-mini S&P 500 futures are up 0.46% at 6,454.75
E-mini Nasdaq-100 futures are up 0.68% at 23,433.75
E-mini Dow Jones Industrial Average Index are unchanged at 45,352.00

Bitcoin Stats

BTC Dominance: 58.59% (+0.04%)
Ether-bitcoin ratio: 0.0389 (0.01%)
Hashrate (seven-day moving average): 1,001 EH/s
Hashprice (spot): $54.39
Total fees: 4.97 BTC / $548,282
CME Futures Open Interest: 133,410 BTC
BTC priced in gold: 31.4 oz.
BTC vs gold market cap: 8.85%

Technical Analysis

PUMP has been one of the strongest tokens in recent days, backed by strong fundamentals such as its buyback program and the recently announced Project Ascend — a series of updates that focuses on growing the Pump.fun ecosystem and infrastructure.
After breaking the bearish trendline last week, PUMP has reclaimed the 20-day exponential moving average.
Bulls are looking for the token to continue this upward trend and flip the $0.004 level, which has proven to be a tough resistance point over the last month.
A successful breakout above this price would signal strong bullish momentum.

Crypto Equities

Coinbase Global (COIN): closed on Tuesday at $303.56 (-0.32%), +0.74% at $305.80 in pre-market
Circle (CRCL): closed at $120.14 (-8.97%), +2.22% at $122.81
Galaxy Digital (GLXY): closed at $24.16 (+2.85%), +0.99% at $24.40
Bullish (BLSH): closed at $62.03 (+5.08%), -0.55% at $61.69
MARA Holdings (MARA): closed at $16.06 (+0.5%), +0.31% at $16.11
Riot Platforms (RIOT): closed at $14.09 (+2.4%), +0.5% at $14.16
Core Scientific (CORZ): closed at $14 (-2.44%), unchanged in pre-market
CleanSpark (CLSK): closed at $9.64 (+1.8%), +0.1% at $9.65
CoinShares Valkyrie Bitcoin Miners ETF (WGMI): closed at $31.64 (+3.33%), +2.84% at $32.54
Exodus Movement (EXOD): closed at $24.79 (-1.71%), -1.21% at $24.49

Crypto Treasury Companies

Strategy (MSTR): closed at $341.62 (+2.16%), +0.66% at $343.88
Semler Scientific (SMLR): closed at $29.37 (-0.91%)
SharpLink Gaming (SBET): closed at $16.98 (-4.71%), +0.94% at $17.14
Upexi (UPXI): closed at $6.89 (-4.7%), +3.48% at $7.13
Mei Pharma (MEIP): closed at $4.85 (-0.21%), +1.44% at $4.92

ETF Flows

Spot BTC ETFs

Daily net flows: $332.8 million
Cumulative net flows: $54.55 billion
Total BTC holdings ~1.29 million

Spot ETH ETFs

Daily net flows: -$135.3 million
Cumulative net flows: $13.4 billion
Total ETH holdings ~6.56 million

Source: Farside Investors

Chart of the Day

While BTC futures volumes on the CME exchange fell 17% to $148 billion in August, the ETH futures volume surged by 48% to $123 billion, an all-time high.
The trading volume of SOL futures and XRP futures also surged to records, rising 41% and 51% to $8.60 billion and $7.32 billion, respectively.
The figures highlight the heightened institutional interest in altcoins in recent weeks.

While You Were Sleeping

In the Ether

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September 3, 2025 0 comments