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American Bitcoin, a mining company tied to US President Donald Trump’s sons Eric and Donald Trump Jr., wrapped up its first day of trading on the Nasdaq with sharp swings but still managed to finish 16.75% higher at just over $8. After-hours trading pushed the stock up another 6% to $8.50, reports confirmed. Wild Price Swings On First Day Trading opened with a rush. The newly rebranded company, formed through a merger with Gryphon Digital Mining (GRYP), jumped as high as $13.21 from Gryphon’s previous close of $6.90, a 90% surge. That early momentum collapsed quickly, sending the stock down to $6.70 in the afternoon before it recovered part of the loss. Nasdaq halted trading five times due to extreme volatility. Despite the erratic moves, Bloomberg estimated Eric Trump’s 7.5% stake at roughly $548 million by the end of the session. His fortune is now tied directly to how American Bitcoin performs in the market. Dual Strategy Of Mining And Buying According to Eric Trump, the company will not only mine Bitcoin but also buy it when conditions make more sense. He described the approach as switching “to whichever is better at the time.” The company’s existing treasury already holds 2,443 BTC, making it the 25th-largest stash among public companies. With Bitcoin trading above $112,000, that holding is worth about $275 million. Eric Trump emphasized that the business will aim to maximize shareholder value by balancing mining output and market purchases: “We’re going to harness daily mining to the fullest, but we can also go out and purchase Bitcoin to support the treasury,” the presidential son said. Political Undertones And A Second Venture The launch has stirred questions about whether American Bitcoin benefits from President Trump’s crypto-friendly stance. Eric Trump dismissed criticism that his family is profiting directly from political ties, saying his father has “nothing to do with this business.” The American Bitcoin debut came just days after another Trump-linked venture. Tokens for World Liberty Financial (WLFI), a separate crypto project involving President Trump and his sons, were listed on exchanges earlier in the week. WLFI’s performance has so far been weak, dropping 30% from its debut price and losing another 7% in the last 24 hours to about 21 cents, based on CoinMarketCap data. A company tied to the Trumps owns nearly a quarter of all WLFI tokens, estimated at $4.6 billion in value. While WLFI struggles to gain traction, American Bitcoin’s opening has given the Trump family another high-profile position in the crypto sector. Whether the stock can maintain its momentum after a chaotic debut remains uncertain, but Eric Trump called the launch “an unbelievable day” and insisted “the floodgates are just starting to open.” Featured image from Meta, chart from TradingView

Burkina Faso has moved to reassure investors that its request to acquire an additional 35% stake in West African Resources’ (ASX: WAF) Kiaka gold mine is an option, not a demand, under the country’s new mining framework. Speaking at a mining conference in Australia, Mamadou Sagnon, director-general of the mining registry, explained that the Mining Code introduced in July last year allows the state to secure a minimum 30% paid interest in mining projects, in addition to its 15% free-carried stake. The paid portion is linked to exploration and feasibility costs rather than the mine’s market valuation. Speaking at at mining conference in Australia, the country’s director-general of the mining registry, Mamadou Sagnon, noted the new Mining Code published in July allows the government to secure a minimum 30% paid interest in mining projects in addition to its 15% free-carried stake. The paid portion is tied to exploration and feasibility costs rather than the mine’s market valuation. The Code also gives the government and local investors the right to acquire further equity on commercial terms. “In the case of West African Resources, the government addressed a letter to solicit the opening of participation up to 35%,” Sagnon explained. “For the moment, it is a solicitation – it is not forcing.” Sagnon stressed that the measure was intended to strengthen confidence in the sector, rather than deter foreign capital. He argued that state participation would boost confidence rather than drive capital away. “We believe that if the State is in the participation of the company, there will be more confidence to stay in the country and make more investment,” he said. Shares in West African Resources have been halted since last Thursday. The company had previously announced trading would resume Monday. Regional changes Investor unease reflects broader concerns about resource nationalism in West Africa, where governments are revising mining codes to capture more local benefit. Burkina Faso’s neighbours, including Mali, have already shaken investor sentiment with new rules and political instability. WAF’s general manager of sustainability, Mirey Lopez, declined to comment beyond referring stakeholders to the company’s announcements. “We are in dialogue with the government and we are looking forward to a resolution,” she said during her presentation at the mining conference. Burkina Faso, Africa’s fourth-largest gold producer, has already moved major assets into its new state-owned mining company, Société de Participation Minière du Burkina (SOPAMIB). In June, five gold mines and exploration permits, previously held by Endeavour Mining and Lilium, were transferred to SOPAMIB. The push followed the nationalisation of the Boungou and Wahgnion mines in August 2024 for about $80 million, far below their estimated $300 million value. Newly producing West African Resources poured first gold at Kiaka in June. The mine is now in production and is expected to average 234,000 ounces annually for 20 years starting in 2025, generating roughly $795.6 million per year at current prices. Last week, WAF confirmed that it had aligned the equity structure of its Sanbrado, Kiaka and Toega projects with the new Code, raising the government’s free-carried stake in each to 15%. The company also revealed that Burkina Faso had enforced a mandatory dividend rule. In August, WAF’s subsidiary Somisa, owner of Sanbrado, declared a $98.35-million priority dividend to the government, representing 15% of retained earnings through 2024. WAF expects Somisa, Kiaka SA and Toega SA will all be required to distribute 15% of profits annually, with WAF entitled to repatriate the remainder. WAF also revealed last week that the Burkina Faso government had enforced a non-discretionary dividend rule. Strong leader at the helm The mining reforms reflect the growing influence of Ibrahim Traoré, the 37-year-old military leader who seized power in 2022 and declared himself president. Traoré has pushed for greater state control of resources while casting his rule as part of a Pan-African, anti-Western revival. His supporters hail him as a defender of sovereignty. In April, thousands rallied in Ouagadougou after an alleged counter-coup attempt failed. Demonstrations spread to London, Kingston and Montego Bay, where diaspora groups praised him as a “Black liberator.” Meanwhile, Orezone Gold (ASX, TSX: ORE), which operates the Bomboré mine, also halted trading after the news of the government’s request at Kiaka. Following weekend talks, Orezone confirmed Tuesday that authorities have no plans to purchase an interest in Bomboré, calling the Kiaka situation “specific and not a reflection of any broader intent.”

In an interview with Dutch host Paul Buitink published on September 4, Henrik Zeberg, Head Economist at SwissBlock, set out a two-stage roadmap for Bitcoin and crypto: a final, powerful “melt-up” driven by liquidity and momentum, followed by a dot-com-style bust that he says will be catalyzed by a surging dollar and tightening financial conditions. “We do have the largest bubble ever,” Zeberg said, arguing that equities, crypto and real estate will first climb further before the cycle turns. “The music is still playing and you can still get a drink at the bar,” he quipped, extending his Titanic metaphor to explain why he believes sentiment and macro signals have not yet turned decisively negative. Bitcoin, Ethereum To Soar Before Dot-Com Style Crash Zeberg locates the current moment late in the business cycle but not at the point of breakdown. He points to the absence—so far—of classic pre-recession triggers in yields, credit spreads and initial jobless claims. “A crash doesn’t come out of thin air,” he said. “We simply don’t see those signals just yet.” With global liquidity improving at the margin and the Federal Reserve already “pivoting” in tone, he expects a sharp upside phase reminiscent of Japan’s 1989 finale: a rising angle that steepens into a near-vertical blow-off. At the index level, he pegs the S&P 500’s terminal run at roughly 7,500 to 8,200 from around 6,400 today. Crypto, in his view, will amplify the move. Zeberg expects Bitcoin to lurch first to “at least” $140,000, then top somewhere in the $165,000 to $175,000 range before the bust begins. He projects Ethereum near $17,000 on the assumption that the ETH/BTC ratio can stretch to about 0.12 in a late-cycle altcoin phase. He stressed the path would be abrupt rather than leisurely: “When things are moving in crypto and into the final phase of a bubble, it can be very, very fast.” The fulcrum of his thesis is the US dollar. Zeberg is watching closely for a DXY bottom and then a surge to 117–120—“the wrecking ball” that, in his telling, would hammer risk assets as global dollar demand spikes. “If we’re going to see somewhat of a crisis, all this debt will need to be settled in dollars,” he said, calling the greenback “still the cleanest shirt,” even if it is “getting quite nasty.” In that scenario, liquidity preference overwhelms risk appetite, credit tightens and deleveraging begins—especially outside the US, where dollar liabilities collide with local-currency cash flows. He argues that monetary easing cannot ultimately forestall a cyclical turn once the real economy rolls over. Rate cuts may initially goose markets—“You’re going to see it running up really fast”—but then “the more wise people in the market” will infer weakness rather than salvation. He thinks the Fed will start with 25 basis points this month, while leaving open the possibility of a larger shock move. Either way, he sees a relatively short deflationary bust—“six to nine months” in one formulation—followed by policy panic and, on the other side, a stagflationary phase in which “the tools of the Fed will become impotent.” He was caustic about the profession’s inflation priors, skewering what he called the “hubris” of micromanaging CPI to exactly 2% and ridiculing the decision to award Ben Bernanke a Nobel Prize for what he described as “reinventing money printing,” calling it “the most stupidest thing I’ve ever seen.” Zeberg’s commodity framework slots into that sequence. He expects gold to do its “finest duty” during a liquidity crunch—get sold to raise cash—before it reprises 2008’s pattern with a steep drawdown, then a powerful recovery. He cited the 2008 analog of a roughly 33–35% peak-to-trough decline in gold and as much as 60% in silver before the policy response set a new leg higher. Secularly, however, he projects gold “into the 2030s” at as much as $35,000 per ounce as negative real rates, balance-sheet expansion and an eventual “monetary reset” reprice money. That reset, in his vision, would anchor a new settlement system on gold and ledger-based rails—“a digital element to it,” but “not Bitcoin.” Strategy: The Largest Ponzi In The Market? On single-name risk, Zeberg delivered one of the interview’s most incendiary lines about Strategy (formerly MicroStrategy), the largest corporate holder of Bitcoin. “I think we have the largest open Ponzi game when it comes to MicroStrategy,” he said. “Everybody needs to pile into the stock, then he can take on some more debt and he buys more Bitcoin.” He tied the firm’s vulnerability to his macro template: if DXY heads to 120 and “the largest bubble in the world, the Nasdaq,” suffers an 85%-type drawdown, “Bitcoin is going to have a really, really bad period—and then that means MicroStrategy is going to have that.” He called the structure “the largest house of cards we have seen in a long time” and warned that an unwind would be “really, really bad for people who think they can just hold on to it.” The characterization was his alone; he did not present evidence beyond his cyclical and balance-sheet logic, and his remarks were framed within his broader melt-up-then-bust scenario. Beyond headline tokens, Zeberg argued that “99%” of crypto projects will ultimately fail, with only a handful emerging like the Amazons that survived the dot-com washout. He distinguished between speculative coins and blockchain projects that deliver real-world utility, while cautioning that “this rampant speculation” has been prolonged by an era of easy money. As for timing catalysts, Zeberg downplayed the idea of a single trigger and instead described an environment that “becomes toxic” as high rates, falling real income and climbing delinquencies pressure banks and corporates. He is monitoring front-end yields—which he says have begun to “break some levels”—credit spreads, and the dollar’s turn. He also noted that large-cap tech’s earnings concentration has “distorted” the market and that even quality small-cap tech is likely to be dragged lower in an indiscriminate unwind. The first stage, however, remains higher. “It’s a self-propelling cycle,” he said of the melt-up, powered by FOMO and the belief that “the Fed has got our back.” At press time, BTC traded at $111,528.

The Canadian dollar has edged lower on Friday. In the European session, USD/CAD is trading at 1.3793, down 0.19% on the day. We could see stronger movement from the Canadian dollar later in the day, as Canada and the US release the August employment reports. Canada's employment expected to rebound Canada's labor market took a beating in July, with the loss of 40.8 thousand jobs, including 10 thousand job losses in manufacturing. The markets expect a rebound in August, with an estimate of 7.5 thousand new jobs. The unemployment rate is expected to tick up to 7.0% from 6.9%. The weak July reading was directly attributable to the US tariffs, which have hurt the Canadian economy. The US has slapped 35% tariffs on many Canadian products and Canada ships some 75% of its export to its southern neighbor. The two sides are yet to reach a trade agreement but Canada can ill afford a protracted trade war with the US. Markets brace for weak US NFP All eyes are on today's US employment report. With inflation largely under control, nonfarm payrolls are closely monitored and could move the US dollar. The markets are expecting virtually no change in nonfarm payrolls, with an estimate of 73 thousand for August after a gain of 75 thousand in July. The labor market is clearly cooling as employers remain cautious in an uncertain economic environment. The unemployment rate is expected to edge up to 4.3% from 4.2%, which would be the highest level since December 2021. The Federal Reserve is virtually certain to lower rates at the September 17 meeting, but a weak nonfarm payrolls report would likely lead to calls for the Fed to respond with a jumbo half-point cut. USD/CAD Technical USDCAD has pushed below support at 1.3798 and is testing 1.3798. Below, there is support at 1.3784There is resistance at 1.3819 and 1.3826 USDCAD 4-Hour Chart, September 5, 2025 Opinions are the authors'; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. The provided publication is for informational and educational purposes only. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please refer to the MarketPulse Terms of Use. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2025 OANDA Business Information & Services Inc.

The XRP price is still showing bullish momentum despite the previous wave of downtrends. After falling below $2.8, a quick bounce was able to reclaim this level once again as support, putting it on a path lined with further gains. With the formation of an ascending trendline, the XRP price may be sitting on a ticking time bomb primed for explosion, and this would send it back toward its July peaks as bulls find their way back into the market again. XRP Price Breakout Could Notch 20% Gains The analysis from CMF Trading Point shows that the XRP price is at a critical level after the formation of an ascending trend line. This trend line has always been bullish, and with the return of bulls, it might be as bullish as it gets. Given this, the crypto analyst has given a reasonable target for where the XRP price could be headed next. Since the price is currently needling around the $2.82 level, it shows that there is still strength after the bulls reclaimed the $2.8 support. If this level holds and the ascending trendline breakout is completed, then the first target from here is for the XRP price to reach $3. Once this first target is achieved, then the price can quickly move on to the next target, which lies at $3.40. A completion would mean a 20% total increase, while still providing room for a possible continuation. If momentum holds, it could set the XRP price on a path to new all-time highs. What Happens If The Ascending Trendline Fails To Hold? In the event that the ascending trendline fails and the XRP price falls further, then it could spell a period of downtrend for the cryptocurrency. The analyst explains that the XRP price actually needs to stay above $2.20-$2.25 for the bullish breakout to remain valid. Otherwise, it would mean trouble. A breakdown below this level would trigger the start of another downtrend that could send the price spiraling toward $2. If sell-offs continue to pile on at this level, then XRP could crash below $2, leading to another bear market.

Overview: The focus is on US employment today. Weak jobs growth and a tick up in the unemployment rate are expected to spur the Fed's first rate cut of the year in a couple of weeks. Position adjusting ahead of the report has weighed on the greenback broadly and overwhelmed the unexpectedly poor Germany factory orders and the data problem in UK that has exaggerated activity. Only a handful of emerging market currencies have not been lifted by the selling pressure on the greenback. These include the Turkish lira, Russian ruble, and Indian rupee. Stocks and bonds are firm. All the large bourses in the Asia Pacific region rallied, led by the nearly 2.2% surge China's CSI 300. The Nikkei, the Hang Seng, and Taiwan's Taiex rose more than 1%. Europe's Stoxx 600 came into today practically flat on the week and is up about 0.2%. US index futures are trading with a firmer bias, as well. Gains in the S&P and Nasdaq will challenge the record highs. European benchmark 10-year yields are mostly softer and premiums over Germany have narrowed a little. The 10-year US yield a little lower, slipping through 4.16%. It is the lowest since May 1. Lower yields and a weaker dollar are helping support gold, which is hovering near $3350. It is around $100 higher on the week. October WTI is trading quietly in a half-dollar range above $63. USD: The range the Dollar Index carved on August 22, the day Fed Chair Powell spoke at Jackson Hole remains operative. Only a convincing break of it is important from a technical perspective (~97.55-98.85). Everything else is churn. Today is about the jobs data. Sure, the Fed has two mandates full employment and price stability. Yet, it is clear that the deterioration of the labor market is the new new thing, not inflation being above target. Isn't this Powell meant when he suggested that the risk assessment may be changing? The July JOLTS on Wednesday showed that for the first time since April 2021, the number of unemployed outstripped job openings. Just as troubling was the decline in health care job openings in July to the lowest level in five years, and that sector accounted for around 40% of all new jobs in the past three years. Powell was also clear that the supply of workers (via immigration) has fallen at the same time demand has slowed. The unemployment rate is a useful metric of the balance of supply and demand, while the non-farm payroll, which captures the immediate attention of market participants only captures the demand. The median forecast in Bloomberg's survey is for a 75k rise in non-farm payrolls, though after the soft ADP estimate, some will claim a lower whisper number, whatever that really means. The unemployment rate is expected to rise to 4.3% (from 4.2%). Moreover, next Tuesday, the BLS will announce the preliminary benchmark revisions to the establishment survey, which generates the non-farm payroll estimate. The market is not waiting for next week's CPI, which is expected to see another small rise in the headline rate to fully discount a rate cut at the conclusion of the FOMC meeting on Sept 17. EURO: The euro set the session low yesterday in North America, despite ADP reporting weaker than expected private sector job creation and softer US rates. It has recovered and is trading near a three-day high in the European morning near $1.1690 despite unexpectedly poor German factory orders. Germany factory orders fell by a whopping 2.9% in July, owing to a collapse of large orders. The fact that the June decline was revised to a 0.2% fall instead of the 1.0% drop initially reported offered slight consolation. Industrial production figures are due Monday, and previously economists expected a 1.2% gain after the 1.9% slump in June. Recall that after the July US jobs data on August 1, the euro rallied almost two cents and settled slightly below $1.1590. There are almost 2.1 bln euros in options struck at $1.16 that expire today and another 1.5 bln euros there that expire Monday. Also, on Monday, options for 1.12 bln euros at $1.17 expire. France is the center of a maelstrom next week. There are really two components. First is the vote of confidence on the 2026 budget. It stands a snowball's chance in Hades of being approved. President Macron must know this and likely has been considering the next candidate for prime minister. The second component of the French story takes place at the end of the week when Fitch announces its review of the AA- rating it ascribes to France, with a negative outlook. A downgrade is possible, if not likely, given the failure to rein in the budget. It was 5.8% of GDP in 2024, and little improvement is seen this year. Some fear a contagion impact to the periphery and especially Italy. CNY: The dollar recorded the low for the year against the offshore yuan at the end of last week near CNH7.1160. It recovered to almost CNH7.15 on Tuesday and consolidated in Tuesday's range over the past couple of sessions. The greenback slipped to a four-day low today, slightly above CNH7.13. After lowering the dollar's reference rate for the past several weeks, the PBOC steadied it this week. None of this week's fixes (including today's at CNY7.1064) were below last Friday's (CNY7.1030). It is only the fourth week since mid-April that the dollar's fix did not fall on a weekly basis. Many of China's critics want the yuan to appreciate but the dispute now seems more over the pace than direction. JPY: Despite a further softening of US interest rates yesterday, the dollar found better traction against the yen after initially dipping to JPY147.80 to take out Wednesday's low. The greenback set session highs in early North American turnover, after the soft ADP was reported, to almost JPY48.80. It is trading quietly with a softer bias inside yesterday's range. Labor cash earnings rose 4.1% year-over-year in July, well, above the June pace of 3.1%, which was the most this year. It was sufficient to lift real earnings to 0.5%, which is also the strongest reading of the year. Nevertheless, while income or wealth is necessary for consumption it is not sufficient. Household spending (reported in real terms) disappointed. It rose 1.4% year-over-year in July. The median forecast in Bloomberg's survey anticipated a 2.3% increase. The odds of a hike in October were shaved to a little more than 50%. It was around 67% at the end of last week. GBP: Sterling traded near a four-week low on Wednesday slightly below $1.3335 before recovering to about $1.3460. It did not have the strength yesterday to push above it, and what appeared to be profit-taking, pushed it back to nearly $1.3415. It rebounded to around $1.3480 today. UK retail sales (reported in volume terms) rose by 0.6% in July. However, the statistical office acknowledged a seasonal adjustment error that impacted a range of data including retail sales, but also GDP, prices, and the labor market. The error means that retail sales rose 1.1% in H1 25 not 1.7%, about a GBP2 bln error. June's initial 0.9% increase in retail sales was revised to 0.3%. CAD: The greenback rose to a six-day high around CAD1.3845 yesterday to approach the (61.8%) retracement of the decline since Powell spoke at Jackson Hole around CAD1.3850. Between CAD1.3850 and CAD1.3860, more than $1 bln in options expire today. Support is seen in the CAD1.3775 area. In today's softer US dollar environment, the Canadian dollar is the laggard among the G10 currencies. Canada reports August jobs data today. The reaction to the US employment report sets the tone and the broad direction, but in terms of policy, outlook for the Bank of Canada, the data could be impactful. The swaps market lifted the chances of a cut later this month after the disappointing Q2 GDP last week. The odds have risen to around 70% from about 55% at the end of last week. AUD: The Australian dollar continues to coil. It recorded a range of roughly $0.6485-$0.6460 on Tuesday and traded inside it on Wednesday (~$0.6500-$0.6555). It held above $0.6500 yesterday where options for almost A$1.1 bln expire today and another set for nearly the same amount struck at $0.6600 that also expire today. It is firm but has held yesterday's high. Australia has a quiet economic diary in the week ahead. MXN: Mexico's economic diary is light ahead of the weekend, leaving it at the mercy of the dollar's reaction to the employment report. The greenback continues to chop inside Tuesday's range (~MXN18.6225-MXN18.8635). Mexico reports August CPI next Tuesday and July industrial production next Thursday. Barring an upside surprise with the inflation report, and the core rate does not wander much further above 4.0%, the central bank is likely to ease when it meets the week after the Federal Reserve. The current target rate is 7.75%, and the swaps market sees the terminal rate between 7.0% and 7.25%. Disclaimer

This is a follow-up analysis and a timely update of our prior report, “GBP/USD Technical: Sterling torpedoed by spike in 30-year gilt yield, watch the 1.3315/3280 key support”, published on 2 September 2025. The price actions of the GBP/USD have shaped the expected minor corrective decline in the past two sessions to print an intraday low of 1.3333 on Wednesday, 3 September, just whiskers above the pre-defined 1.3315/1.3280 key medium-term pivotal support highlighted in our last publication. Let’s now determine its next short-term (1 to 3 days) directional bias and key levels to watch as we await the key US labour data release: non-farm payrolls and unemployment rate for August at 1230 GMT today. Fig. 1: GBP/USD minor trend as of 5 Sep 2025 (Source: TradingView) Preferred trend bias (1-3 days) The minor corrective decline of -1.9% (high to low) of the GBP/USD that spanned from 14 August 2025 high to 3 September 2025 low may have ended. Bullish bias above 1.3395 key short-term pivotal for the next intermediate resistances to come in at 1.3545, 1.3590/1.3610, and 1.3650/1.3680. Key elements The GBP/USD has shaped a minor bullish reversal right above the lower boundary of the medium-term ascending trendline in place since 13 January 2025 low on 3 September 2025.The hourly RSI momentum indicator of the GBP/USD has just staged a bullish breakout above a parallel descending resistance and flashed an earlier bullish divergence condition at its oversold region on 3 September 2025.The 1.3395 key short-term pivotal support is defined by a former minor swing high formed on 2 September 2025 during the US session and the 61.8% Fibonacci retracement of the ongoing minor rally from the 3 September 2025 low to the current intraday high of 5 September at the time of writing.The 2-year yield spread premium between the UK gilt and US Treasury note has continued to expand (inched higher) since the 3 September 2025 level of 0.29% to a current level of 0.37%. These observations suggest that short-term UK gilt is relatively more attractive than US Treasury notes in terms of yield differential, in turn, putting upside pressure on GBP/USD.Alternative trend bias (1 to 3 days) A break below 1.3395 in GBP/USD would invalidate the bullish outlook, opening the door to a minor corrective decline toward the key medium-term support zone at 1.3315/1.3280. Opinions are the authors'; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. The provided publication is for informational and educational purposes only. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please refer to the MarketPulse Terms of Use. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2025 OANDA Business Information & Services Inc.

This year, AI and blockchain have crossed paths in compelling new ways. We know that AI projects like FET ▲1.82% and NEAR ▲1.36% have been making a lot of news 1-2 years ago. Today, though, projects like Story Protocol and Sahara AI are building practical crypto tools that the market needs, and they are capturing attention and attracting news headlines. They are building AI applications. (source, AI Crypto – CoinGecko) Biggest crypto coin, BTC ▲1.84%, has also climbing back above $112,000. A rebound after it flatlined for weeks under $110,000. Now, it offers a prime entry before the next push, as analysts look for $115,000–$120,000 with Fed rate cuts on the horizon. ETH ▲0.94%, on the other hand, has blasted above $4,400, teasing a breakout past its recent all-time high. With enterprise integrations driving demand, making news, ETH’s trajectory looks solid toward $5,000, bolstering the entire AI crypto sector today. Projects like Sahara benefit directly, as Ethereum’s strength lifts decentralized AI infrastructure to new heights. EthereumPriceMarket CapETH$535.29B24h7d30d1yAll time DISCOVER: Next 1000X Crypto: 10+ Crypto Tokens That Can Hit 1000x in 2025 Story Pumps Put it in Crypto News Headlines IP ▲0.13%, one of the leading AI crypto gainer this week, are finding a sweet spot in making decentralized programmable IP. Since launching its mainnet earlier this year, Story has attracted well over 200,000 active users, and its token, IP, has been performing solidly. This week saw it jump by around 30%, thanks to developer-friendly upgrades and token buybacks. Plus, big ecosystem players like a16z are backing them. StoryPriceMarket CapIP$2.45B24h7d30d1yAll time Now shift to SAHARA ▲1.00%. It’s a full-stack ecosystem making news as it tackles a big problem: AI crypto today is too centralized. Sahara lets people train and monetize models and data on-chain, and with $50 million in backing from top-tier VCs like Sequoia, it’s not short on resources. Sahara AIPriceMarket CapSAHARA$202.36M24h7d30d1yAll time Sahara’s Q3 mainnet debut introduced zero-code AI agents, which lowered the barrier for users. And with enterprise-level ties to Microsoft and Amazon, Sahara already feels credible. On top of that, its testnet boasts 1.4 million daily users. On the market front, Sahara’s token has bounced back from earlier slip-ups; analysts are watching it closely, with some eyeing a climb to $0.75 or more by year-end. Meanwhile, Story’s IP token, boosted by tangible usage and community engagement, continues to hit fresh highs. (source – X) Wider trends are stacking up in their favor, too, with the booming AI sector. Web3 underscores the need for transparency in this growth. Institutions are putting money where the promise is—2025 has seen record-breaking investment in AI-focused crypto. In a noisy industry, Story Protocol and Sahara AI feel different. Follow us for the latest crypto news today here. DISCOVER: Best Meme Coin ICOs to Invest in 2025 Join The 99Bitcoins News Discord Here For The Latest Market Updates 55 seconds ago Netflix Hit Show Black Mirror is Launching a Crypto Token By Akiyama Felix In a monumental move that has taken the crypto market by storm, Netflix’s acclaimed series Black Mirror is set to launch its own token, according to Robbie Ferguson of Immutable. This development, announced yesterday (September 4), marks what could be the beginning of a massive influx of AAA franchises into the Web3 space. Read the full story here. 58 minutes ago Keeta, WLFI Crypto, and BuildonB Plummet: Best Crypto to Buy Instead? By Akiyama Felix September has been rough for altcoins, especially for projects like Keeta (KTA), WLFI Crypto (WLFI), and Buildon (B), crashing hard while traders hunt for the best crypto to buy amid market turmoil. Bitcoin’s dip below $110K and ETF outflows have triggered a risk-off move. Speculative coins have been hit hardest, with unlocks, profit-taking, and FUD wiping billions from crypto’s $4T market cap. World Liberty FinancialPriceMarket CapWLFI$4.54B24h7d30d1yAll time Read the full story here. 2 hours ago Ethereum Crypto Exchange Flux Balance Goes Negative: Will ETH USD Rally to $10K? By Akiyama Felix Until late July, ETH USD was underperforming in the crypto market, raising questions about whether Ethereum crypto will still dominate going forward. Fast forward a few weeks, and Ethereum crypto has become one of the most closely watched networks. There are even solid Ethereum price predictions that the ETH price will soar above August highs and print new all-time highs above $5,000. According to Coingecko, Ethereum is up +80% year-to-date and nearly +20% in the past month. While upside momentum is slowing, the path of least resistance remains northward. This bullish outlook holds, especially if ETH USD rejects bearish pressure and stabilizes above $4,000. (Source: Coingecko) On Coinglass, trader interest in Ethereum remains strong. Despite recent bearish price action, trading volume across major perpetual exchanges is stable at $88.7Bn, down -2% in the past day, while open interest in leveraged positions has risen by +2% to nearly $60Bn. Options open interest also increased by +2.6% in the last 24 hours to over $17.6Bn. (Source: Coinglass) DISCOVER: 9+ Best High-Risk, High-Reward Crypto to Buy in 2025 Read the full story here. The post Latest Crypto News Today, September 5 – Bitcoin Slowly Grinding at $112,000: AI Crypto Back in The Spotlight,Story and Sahara AI Leading appeared first on 99Bitcoins.

Trump-backed DeFi project World Liberty Financial has blacklisted an address linked to Justin Sun after it reportedly transferred some of its WLFI tokens, sparking allegations of market manipulation. World Liberty Financial Blacklists Justin Sun On Thursday, World Liberty Financial reportedly blacklisted the Tron founder’s address following his recent movements of his WLFI holdings and multiple online accusations that he was selling. According to Arkham data, Sun claimed 600 million WLFI tokens at the Token Generation Event (TGE), valued at $200 million at the time, as 20% of the 100 billion tokens were unlocked. The Tron founder was one of the earliest investors in World Liberty Financial in 2024 and was recognized as the top holder of US President Donald Trump’s official memecoin, TRUMP, earlier this year. On September 1, he shared his conviction on the token, affirming that WLFI “will be one of the biggest and most important projects in crypto.” He also stated that he had “no plans to sell our unlocked tokens anytime soon. The long-term vision here is too powerful, and I’m fully aligned with the mission.” Nonetheless, multiple on-chain analysis platforms revealed that Sun had started to move his unlocked tokens, sparking rumors that he was selling. On-chain data showed that he had sent 4.9 million WLFI to crypto exchange HTX, owned by the Tron Founder, over the past two days. Sun reportedly transferred 50 million tokens, worth $9.12 million, to a new wallet on Thursday morning, “likely to be deposited into HTX.” Meanwhile, Wu Blockchain noted that over the past 32 hours, HTX address “HTX 48” transferred approximately 60,000,000 WLFI tokens to Binance deposit address 0xf387D7…29FcB5. Sun Denies WLFI Selling Accusations Following the $9 million move, “World Liberty Financial’s controlling address 0x407F…5178 called the guardianSetBlacklistStatus function on the WLFI Token contract, blacklisting the address 0x5AB2…DA74, which is associated with Justin Sun,” Wu Blockchain explained. The action froze Sun’s unlocked and 2.4 billion locked WLFI tokens. Tron’s founder responded to the accusations on X, stating that his address just conducted “a few test deposits on exchanges with very low amounts, followed by an address distribution.” He added that these tests “did not involve any trading activities and could not have impacted the market in any way,” but did not comment on the blacklist. At the time of writing, World Liberty Financial has not addressed the situation. WLFI’s Price Hits New Low The news comes as WLFI’s price struggles just three days after launching. Earlier today, the token hit an all-time low (ATL) of $0.16 before bouncing to the $0.18 mark. This performance represents a 20% decline over the past 24 hours and a nearly 45% drop from its all-time high (ATH) of $0.33. Market watcher Daan Crypto Trades noted that the cryptocurrency has broken down from a triangle formation, where the price was compressing for the past two days. According to the trader, WLFI saw a “quick acceleration as expected” and “even gave a nice retest before the continuation down.” Meanwhile, analyst Ali Martinez suggested that te bottom might not be in, highlighting that the token now risks a 25%-50% drop after losing the $0.20 area as support.

Crypto treasury stocks slid Thursday after The Information reported that Nasdaq is tightening oversight on companies raising capital to stockpile crypto. We suspect that the main gamble on the “treasury company” LARPing was the hope that we’d see “strategic crypto reserves” by relevant nation states by now. Could you imagine Vietnam hodling XRP, or Ghana Bitcoin? This, of course, hasn’t materialized yet and might not materialize any time soon. Meanwhile, Nasdaq is making it harder on crypto treasury companies, telling certain listed firms that shareholder approval may be required before issuing new shares to buy digital assets. According to filings and people familiar with the matter, the goal is to protect existing shareholders from dilution, particularly when crypto is the primary use of proceeds. This move could slow a rush of deals. Architect Partners reports that 124 U.S.-listed companies announced plans to raise $133Bn for crypto purchases this year and all of this is now threatened. Should You Sell Off Small Crypto Treasury Companies? Market Reaction: Bitcoin and Treasury Stocks Retreat (Source: TradingView) The news sparked declines across the sector: Strategy (BTC Treasury leader) dropped as much as 3% before closing down 0.8%. Bitcoin fell 1.6% on the day. Sharplink Gaming (ETH holder) slipped 8%. Upexi and DeFi Development (SOL holders) fell 4.5% and 7.6%, respectively. Heritage Distilling, which is introducing a “Bitcoin Bourbon,” is awaiting a shareholder vote tied to its $IP token treasury, dipped 0.3%. CoinGlass data shows treasury-linked stocks have become highly correlated with BTC USD price swings, magnifying volatility as firms pile in. Outside of Michael Saylor’s Strategy, if you bet your company on crypto it’s proving to be a volatile ride. DISCOVER: Next 1000X Crypto: 10+ Crypto Tokens That Can Hit 1000x in 2025 Can Strategy Overcome S&P 500 Roadblocks? Michael Saylor’s Newest Gamble The spotlight remains on Strategy, the world’s largest Bitcoin treasury company, with 636,505 BTC in holdings. Analysts now see a 91% chance the firm qualifies for inclusion in the S&P 500, given its market cap of $92Bn+, Trading volume in the millions of shares daily and Positive GAAP net income of $5.3Bn over four quarters. (Source: Bitcoin Magazine) Yet hurdles remain. Bloomberg notes the S&P Index Committee can deny inclusion even if criteria are met, citing “concerns over the sustainability” of a crypto treasury model and volatility averaging 96% in 30-day price swings. That uncertainty could block Strategy’s path to the S&P500, despite financial metrics that exceed requirements. DISCOVER: Top 20 Crypto to Buy in 2025 Should You Buy More Strategy Before the S&P 500 Inclusion? An S&P 500 inclusion for Strategy would do more than lift its stock. Index funds tracking the benchmark would pour billions into crypto-adjacent equities, repeating the historical pattern of an 8–10% pop for new entrants. It would also deepen the crossover between Wall Street and Bitcoin. Treasury firms in the index would anchor crypto exposure inside the portfolios of mainstream investors, closing the gap between digital assets and traditional finance. Will it happen, though? As it stands Saylor and company have the best odds, and that makes the prospect of loading up more in Q4 quite tempting. EXPLORE: Trump Crypto Moves Made $5Bn in 2025: How To Get Rich in Crypto Trump-Style? Join The 99Bitcoins News Discord Here For The Latest Market Updates Key Takeaways Nasdaq is scrutinizing crypto treasury stocks, sending Bitcoin and corporate holders lower. Strategy aims for S&P 500 inclusion. Index funds tracking the benchmark would pour billions into crypto-adjacent equities, repeating the historical pattern of an 8–10% pop for new entrants. The post NASDAQ’s Plan to Control Crypto Treasury Companies Explained appeared first on 99Bitcoins.

Bitcoin mining now has the Trump name attached through another Eric Trump crypto project. American Bitcoin, supported by Eric Trump and Donald Trump Jr., hit the Nasdaq on Wednesday through a merger with a small-cap miner, sidestepping the usual IPO route. The crypto stock debuted around $8, surged to $13, and pulled back to roughly $10 by midday. For a moment, its market value touched $7.5Bn, 99Bitcoins reported. But by Thursday midday, it was trading closer to $6.35. The crash has many asking, “Is this another Trump family rugpull?” Eric Trump, following the stock’s debut, said, “[Crypto] treasury companies are popping up all over the place for all sorts of coins, but [American Bitcoin] is very different. This is my baby,” Eric Trump told the Financial Times. Are Eric Trump Crypto Projects Dead? American Bitcoin’s Three-Part Strategy According to its investor presentation, American Bitcoin’s plan is more than mining BTC. It goes: Mine Bitcoin – build and expand traditional data centers. Accumulate Bitcoin – leverage public-market access to buy BTC in addition to mining it. Amplify Value via Brand (i.e., Trump name), Audience, and Treasury. Eric Trump added: “When you see the facilities, [American Bitcoin] has a real skeleton, it has the backbone.” “It’s very different to a guy who gets together with his buddy in a dorm room to say we’re going to accumulate some bitcoin.” (Source: TradingView) American Bitcoin is consolidating after a sharp selloff. Immediate support sits at $6.40, with $6.20 as the next line if that floor gives way. On the upside, $6.70–$6.80 remains firm resistance, and bulls need a clean break there. Bollinger Bands blew wide open during the midday flush, reflecting heavy selling pressure, before tightening back as price tracked the mid-line. Man, does this look like most Trump-crypto projects? Meanwhile, the intraday chart shows a head-and-shoulders top. The neckline at $6.80 has already broken, confirming a bearish continuation setup. DISCOVER: Top 20 Crypto to Buy in 2025 Bitcoin Mining Competition Is Steep: Should You Ever Touch This Stock? Bitcoin mining is brutally competitive. Hashrate has hit record highs while energy prices remain elevated and transaction fees sit near lows. American Bitcoin is touting its partnership with Hut 8, which relocated to Miami after its 2023 merger, as the source of below-market power deals. This, however, could work against them. Thanks to deregulated energy markets and relatively cheap power, Texas continues to dominate as the U.S. mining hub. (Source: Blockchain.com) Nuclear energy could also play a pivotal role. In May, Trump signed an executive order to boost nuclear expansion, which, if permits materialize, could favor data centers like American Bitcoin. DISCOVER: Next 1000X Crypto: 10+ Crypto Tokens That Can Hit 1000x in 2025 Is The Eric Trump-Backed American Bitcoin a Good Investment? Eric Trump has cast Bitcoin itself in sweeping terms: “Bitcoin is truly digital gold [and] the only commodity that will never go up in terms of the amount being produced.” -Eric Trump The debut of American Bitcoin bundles together three volatile forces: 1) mining exposure, 2) treasury strategy, and 3) politics. The open question for investors is whether favorable energy deals and the Trump brand can tip the balance. But hey, the guy’s dad is the president so he’s got that going for him. EXPLORE: Trump Crypto Moves Made $5Bn in 2025: How To Get Rich in Crypto Trump-Style? Join The 99Bitcoins News Discord Here For The Latest Market Updates Key Takeaways Eric Trump backed American Bitcoin begins trading on Nasdaq, debuting with a $7.5B market cap. The miner combines BTC and Trump brand. Bitcoin mining is brutally competitive. Hashrate has hit record highs while energy prices remain elevated and transaction fees sit near lows. The post Eric Trump Crypto Move Mints Billions: American Bitcoin Post-Launch Analysis appeared first on 99Bitcoins.

Asia Market Wrap - Nikkei Extends Gains, President Trump Signs Executive Order on Japan Deal Most Read: GBP/USD Forecast: Cable Recovers but the Outlook Remains Murky. WIll NFP Data Serve as a Catalyst? On Friday morning, the positive feeling from a strong day on Wall Street carried over to Asian stock markets. This happened because new information continues to show that the U.S. job market is slowing down, which makes investors more confident that the U.S. central bank will cut interest rates this month. As a result, Asian stocks rose by 0.7%, and stock markets in mainland China also bounced back after they had dropped on Thursday. Japan's Nikkei .N225 rose 0.9% and Taiwan's stock benchmark .TWII climbed 1.1%. Both those markets are close to recent record highs. Hong Kong's Hang Seng .HSI added 0.8%, while mainland Chinese blue chips .CSI300 advanced 1%. Australian stocks .AXJO gained 0.5%. For more on the Hang Seng, read Hang Seng Index Technical: Recent sell-off overdone, bullish trend remains intact In Japan's bond market, the return on 30-year government bonds fell for a second day on Friday, moving further away from the record high it had reached on Wednesday of 3.255%. In other news, U.S. President Trump signed an order to make a trade agreement with Japan official. Under the deal, the United States will apply a tax of up to 15% on most goods it imports from Japan. In return, Japan has promised to set up a $550 billion fund to invest in the U.S. The two countries had agreed to this deal back in July but were still finalizing the details until now. UK Retail Sales Beat Estimates, June Figure Revised Lower In July, retail sales in the UK grew by a strong 0.6%, which was better than experts had predicted. This increase was driven by a boost in online shopping and clothing sales, helped by good weather and extra spending related to the Women's EURO 2025 soccer tournament. However, the good news was dampened by a major correction to the sales figures for June, which turned out to be much weaker than first reported. Compared to the same time last year, July sales were up 1.1%. Despite the solid performance in July, the bigger picture suggests a slowdown, as sales over the last three months actually fell, ending a year-long period of growth. Source: TradingEconomics European Open - European Stocks Edge Higher European stocks are up slightly this morning as investors cautiously wait for the important U.S. jobs report to be released later today. Overall, the market is on track to finish a very up-and-down week with a small gain. Technology stocks are the best performers today, boosted by the Swedish company Hexagon, whose shares jumped nearly 7% after it announced a multi-billion dollar deal to sell a part of its business to a U.S. firm. On the downside, the Danish wind farm company Orsted saw its stock fall 1.3% after it lowered its profit forecast because of a lack of wind. Additionally, shares in the banking software company Temenos dropped sharply after it announced its CEO was leaving immediately. On the FX front, the U.S. dollar weakened slightly against other major currencies on Friday morning. The Japanese yen gained strength after Japan finalized a trade deal with the United States that will lower U.S. taxes on imported Japanese cars. USD/JPY trading at 148.21. The New Zealand dollar also climbed, benefiting from a positive day in Asian stock markets. In other movements, the euro was up 0.1% to 1.1666 to the US Dollar with the British pound, and Australian dollar also seeing small increases against the U.S. dollar. Despite today's dip, the dollar's overall value is still on track to finish the week higher than it started. Currency Power Balance Source: OANDA Labs Oil prices are falling for the third day in a row on Friday and are now on track to record their first weekly loss in three weeks. The price decline is being caused by two main factors: growing expectations that major producers will soon increase the supply of oil, and worries about weaker demand for fuel. These demand concerns were heightened by a surprise report showing that the amount of stored crude oil in the U.S. has increased. Currently, the price for Brent crude, the global standard, is around $66.80 a barrel, while the main U.S. oil price is about $63.25 a barrel. Economic Data Releases and Final Thoughts Looking at the economic calendar, the European session has already seen a glut of data releases this morning with UK retail sales and German industrial production. The rest of the session brings Euro Area GDP data (revised) numbers before attention shifts to the US session. All eyes today are on the U.S. jobs report for August, which is due to be released at 12:30 GMT time. This report is seen as particularly crucial because other data earlier this week has already pointed to a weakening U.S. job market. Investors are watching closely, as many are already expecting the U.S. central bank, the Federal Reserve, to cut interest rates by 0.25% at its meeting later this month. A weak jobs number today would likely confirm those expectations. For more on the NFP release, read NFP Preview: US Jobs Report & Implications for the DXY, Gold (XAU/USD) & Dow Jones (DJIA) For all market-moving economic releases and events, see the MarketPulse Economic Calendar. (click to enlarge) Chart of the Day - FTSE 100 Index From a technical standpoint, the FTSE 100 has had an interesting week. After completing the Head and Shoulder breakout and reaching the sell target, the index bottomed out on September 2. We did have a potential double bottom print on September 3 before a rally higher materialized breaking the descending trendline in play from the recent all-time high. The next moves for the FTSE will be crucial. Today's UK retail sales data may bode well for the index but overall sentiment may shift after today's US Jobs data. This could have a knock on impact on global markets and weigh on equities in the UK and Europe as well. Immediate resistance rests at 9271 before the swing high at 9308 comes into focus. On the downside the FTSE found support this morning at the 100-day MA before bouncing higher. Below that support is provided by 9180 handle and then the 200-day MA at 9165. FTSE 100 Four-Hour Chart, September 5. 2025 Source: TradingView.com (click to enlarge) Follow Zain on Twitter/X for Additional Market News and Insights @zvawda Opinions are the authors'; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. The provided publication is for informational and educational purposes only. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please refer to the MarketPulse Terms of Use. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2025 OANDA Business Information & Services Inc.

Data shows the correlation between Bitcoin and Gold has turned negative, a sign that the two assets are moving in the direction opposite to each other. Correlation Coefficient Is Now Underwater For Bitcoin & Gold In a new post on X, CryptoQuant community analyst Maartunn has talked about the latest trend in the Correlation Coefficient between Bitcoin and Gold. The Correlation Coefficient is a tool from statistics that measures the relationship between two given variables over a given period, typically one month. In the current case, the variables are the prices of BTC and Gold. When the value of the metric is positive, it means the price of one asset is reacting to movements in the other by traveling in the same direction. The closer is the indicator to 1, the stronger is this relationship. On the other hand, the coefficient being under zero implies there exists a negative correlation between the two assets. That is, they are moving opposite to each other. The extreme point for this side lies at -1. There also exists a third case for the Correlation Coefficient: a level exactly equal to zero. Such a value indicates no correlation whatsoever exists between the assets. In other words, their prices are independent of each other. Now, here is the chart shared by Maartunn that shows the trend in the Bitcoin Coefficient Correlation for Bitcoin and Gold over the past year: As displayed in the above graph, the Correlation Coefficient between Bitcoin and Gold shot up to a high above 0.5 back in June, suggesting the assets’ prices were tied to some degree. Following this peak, however, the correlation between the assets began to weaken, with the metric’s value slipping down. For a while it maintained inside the positive territory, but recently, that has changed. Gold has seen a price rally while BTC has been facing bearish action, resulting in the Correlation Coefficient turning slightly negative. This is the first time since February that the indicator has gone underwater. For now, the two assets are almost independent, but it remains to be seen whether the negative correlation will continue to grow in the coming days. Gold is the traditional safe-haven asset, while Bitcoin is associated as its digital counterpart. Periods where the two assets diverge can challenge the narrative for BTC. BTC Price At the time of writing, Bitcoin is trading around $110,100, down almost 2% over the past week.

BTC ▼-1.15% has surged past $112,000, maintaining its dominance as institutional investors ramp up their holdings. Public companies now own more than 1 million BTC, valued over $111 billion, with Strategy leading at 636,505 BTC. New entrants like XXI and Bitcoin Standard Treasury are also expanding rapidly, tightening available supply as just 5.2% of Bitcoin remains to be mined. BitcoinPriceMarket CapBTC$2.21T24h7d30d1yAll time The market capitalisation stands at $3.83 trillion, with a neutral Fear & Greed Index of 41, reflecting cautious optimism. For many investors, this has reinforced Bitcoin as the best crypto to buy for exposure to the market’s strongest performer. EXPLORE: Best New Cryptocurrencies to Invest in 2025 Regulatory Push Could Shape the Best Crypto to Buy Regulatory clarity is emerging as a key factor for future growth. SEC Chairman Paul Atkins has made digital assets central to the Spring 2025 agenda, aiming to set “clear rules of the road” for issuance, custody, and trading. Proposed measures may allow cryptocurrencies to trade on national exchanges, simplify disclosure requirements, and provide exemptions or safe harbors for offerings. This shift marks a break from previous enforcement-heavy policies and may create an environment where altcoins with strong fundamentals can thrive. DISCOVER: Cardano (ADA) Crypto Hit a 5‑Month Low Amid Theft Accusation While Bitcoin remains the dominant force, altcoins such as ETH ▼-3.67% for smart contracts and SOL ▼-4.10% for scalable applications could benefit from these regulatory moves. For example, DeFi Development Corp. (Nasdaq: DFDV) announced it acquired 196,141 SOL at an average price of $202.76, bringing total holdings to 2,027,817 SOL (about $427M). Institutional players are also diversifying, with firms like Thumzup Media investing in BTC, DOGE, LTC, XRP, ETH, and USDC, signaling broader acceptance of digital assets. As the market digests these developments, investors weighing the best crypto to buy should consider both the immediate strength of Bitcoin and the mid-term potential of select altcoins positioned to gain from clearer rules and rising institutional interest. Stay tuned to our real-time updates below. 4 minutes ago Stripe and Paradigm Launch Tempo, a Stablecoin-Powered Payments Blockchain By Fatima Payments giant Stripe and crypto firm Paradigm have unveiled Tempo, a new blockchain designed for stablecoin transactions, now in private testing. Early partners include Visa, Deutsche Bank, Shopify, Standard Chartered, Revolut, and OpenAI, reflecting strong institutional backing. Tempo focuses on bringing real-world payments, cross-border transfers, payroll, remittances, microtransactions, and AI-driven payments on-chain, combining Stripe’s global payment expertise with Paradigm’s crypto experience. The network supports over 100,000 transactions per second with sub-second finality, predictable low fees, and payments or gas fees in any stablecoin via an integrated AMM. Built for decentralization and neutrality, Tempo will feature a diverse validator set with plans to become fully permissionless. Its payments-first design includes opt-in privacy, dedicated payment lanes, and tokenized deposits for 24/7 settlement. With major partners already on board, Tempo aims to position stablecoins as a core part of everyday transactions and financial infrastructure worldwide. The post [LIVE] Crypto News Today, September 5 – Bitcoin Price Surges Past $112K as Altcoins Lag Behind: Best Crypto to Buy? appeared first on 99Bitcoins.

Fintech giant Stripe and crypto venture firm Paradigm have announced their collaboration on a new project named Tempo. The Layer-1 (L1) blockchain, designed specifically around stablecoins, aims to streamline digital transactions and enhance payment efficiency. Stripe And Paradigm’s New Payment Solution Tempo emerges as part of a growing trend of Layer-1 blockchains dedicated to stablecoin integration, joining the ranks of initiatives like Circle’s Arc and Tether’s Plasma Layer-1 blockchains compatible with the Ethereum Virtual Machine (EVM). Its launch comes at a time when interest in cryptocurrency is surging, fueled by the Trump administration’s favorable stance towards the crypto sector and recent legislative progress, including Congress’s passage of the first stablecoin-focused bill, the GENIUS Act, in July. While established platforms like Ethereum (ETH) and Solana (SOL) have dominated the landscape, a new generation of payment-focused blockchains has reportedly emerged, promising rapid transactions and lower fees. These blockchains often utilize native tokens, such as Circle’s USDC or Tether’s USDT stablecoins, which are frequently traded on the Ethereum blockchain yet deployed across various networks. Despite the competitive environment, Tempo benefits from Stripe’s customer base. As one of the largest payment infrastructure providers globally, Stripe caters to a clientele that largely remains outside the crypto sphere. The advantages of stablecoins, often touted for their speed and efficiency compared to traditional money transfer services like SWIFT, present a compelling case for broader adoption. However, concerns over regulatory uncertainties and corporate hesitance have slowed this process. Tempo’s Ambitious Goals Fortune reports that tempo will not launch with its own native cryptocurrency. Instead, it will utilize various stablecoins as “gas” fees, which are essential payments made to the network of entities operating the blockchain. This approach sets Tempo apart from many other blockchains that rely on their proprietary tokens for value. As for the timeline for Tempo’s launch, details remain scarce; however, the project is currently staffed by around 15 employees, including Huang, who will continue his role at Paradigm alongside Alana Palmedo. Paradigm outlined Tempo’s focus areas, which include global payments, remittances, microtransactions, and agentic payments—transactions initiated by artificial intelligence (AI) agents. While Stripe is incubating Tempo, Paradigm emphasizes the intention for the blockchain to maintain a sense of neutrality. It remains uncertain whether other payment providers will adopt this new technology. However, the involvement of various partners, including Anthropic, OpenAI, Deutsche Bank, and Shopify, suggests a collaborative effort to develop a new payment solution. Featured image from DALL-E, chart from TradingView.com

This is a follow-up analysis and a timely update of our prior report, “Hang Seng Index Technical: End of minor corrective decline, start of new bullish impulsive up move”, published on 13 August 2025. The Hong Kong 33 CFD Index (a proxy for Hang Seng Index futures) delivered the anticipated bullish run between 13 and 25 August, reaching the short-term resistance level of 25,750 and posting an intraday high of 25,946 on 25 August. Thereafter, its price actions have evolved into a choppy minor corrective decline sequence of -4.3% (high to low) within a medium-term uptrend phase from 25 August to 28 August, as short-term traders took profit due to fears of an overheated bull-run seen in the China “A” shares market towards the end of August Margin financing in the Shanghai stocks rose to record highs in line with the Shanghai Stock Exchange Composite Index hitting a 10-year high, bringing the memories of the bursting of the 2015 stock market bubble in China that saw a massive decline of close to -50% in their respective benchmark stock indices. Fundamentals continued to improve in the Chinese stock markets Fig. 1: China CSI 300 1-month forward EPS growth y/y as of Aug 2025 (Source: MacroMicro) Fig. 2: China non-official Manufacturing & Services PMI as of Aug 2025 (Source: MacroMicro) The monthly average of the 12-month forward earnings per share (EPS) growth for China’s CSI 300 (comprising component stocks from Shanghai and Shenzhen stock exchanges) has improved significantly in the past eight months; it rose from -7.4% y/y in January 2025 to -1.8% y/y in August 2025 (see Fig. 1). The privately compiled (non-official) Manufacturing and Services PMIs, which track small and medium-sized enterprises in China, have returned to expansionary territory. The Manufacturing PMI rose to 50.5 in August 2025, recovering from a near three-year low of 48.3 in May. Similarly, the Services PMI strengthened to 53 in August, up from 50.6 in June (see Fig. 2). These improvements in leading Chinese economic indicators suggest that deflation risks have eased, creating the potential for a positive feedback loop that could further support the Chinese stock market and, by extension, benefit Hong Kong equities. Right now, let’s take a deep dive into the short-term (1 to 3 days) directional bias and key levels to watch on the Hong Kong 33 CFD Index. Fig. 3: Hong Kong 33 CFD Index minor trend as of 5 Sep 2025 (Source: TradingView) Preferred trend bias (1-3 days) The minor corrective decline from the 25 August 2025 high to the 28 August 2025 low of the Hong Kong 33 CFD Index is likely to have ended where a potential fresh bullish impulsive up move is in progress. Bullish bias above 24,880 key medium-term pivotal support for the Hong Kong 33 CFD Index. A clearance above 25,490 intermediate resistances sees the next resistances coming in at 25,690, 25,890, and 26,120 in the first step (see Fig. 3). Key elements The 24,880 key medium-term pivotal support on the Hong Kong 33 CFD Index is defined by the rising 50-day moving average, the lower boundary of the medium-term ascending channel from 2 June 2025 low, and the 61.8% Fibonacci retracement of the prior short-term bullish impulsive up move sequence from 1 August 2025 low to 25 August 2025 high.Today’s price actions of the Hong Kong 33 CFD Index have reintegrated back above the 20-day moving average, now acting as an intermediate support at 25,260.The hourly RSI momentum indicator of the Hong Kong 33 CFD Index has flashed out a bullish divergence condition at its oversold zone seen on Thursday’s US session, 4 September.Alternative trend bias (1 to 3 days) A break below the 24,880 key support jeopardizes the medium-term uptrend phase of the Hong Kong 33 CFD Index for an extension of the corrective decline to expose the next support zone of 24,730/24,620 in the first step. Opinions are the authors'; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. The provided publication is for informational and educational purposes only. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please refer to the MarketPulse Terms of Use. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2025 OANDA Business Information & Services Inc.

Cardano (ADA) has entered September with mixed signals. On-chain data from Santiment reveals that retail sentiment has dropped to its most bearish level in five months, with a bullish-to-bearish commentary ratio at just 1.5:1. Surprisingly, instead of collapsing, ADA has gained about 5% during this period. This inverse correlation isn’t new. Earlier in August, when optimism spiked, ADA corrected sharply. When fear crept in mid-month, the token rallied. Analysts note that crowd sentiment often misleads, as smaller traders exit in frustration while larger investors accumulate quietly. That dynamic appears to be playing out again, keeping ADA’s mid-term outlook resilient. Technical Levels Define Cardano’s Next Move At press time, Cardano trades near $0.82, consolidating after repeated defenses of the $0.80–$0.78 support zone. Resistance looms at $0.84–$0.85, with the 200-EMA marking a critical barrier. A decisive push above $0.92, the mid-range resistance and a key Fibonacci level, could unlock higher targets at $1.00 and $1.15. On the downside, losing $0.78 may open the door to $0.74 or even $0.70, though dips have consistently attracted buying interest. With the TD Sequential indicator flashing a potential buy signal, traders are closely watching for confirmation of a rebound. Hoskinson Cleared, Ecosystem Catalysts Ahead Cardano received a significant boost after a forensic audit cleared founder Charles Hoskinson of misconduct allegations tied to a voucher program. The report confirmed that claims of insider misuse were baseless, removing the long cloud of uncertainty. Hoskinson has also pointed to upcoming catalysts, including the Midnight Network privacy layer and potential interoperability with Bitcoin, as drivers for long-term adoption. Fused with macro factors like the prospect of Fed rate cuts and regulatory clarity from the proposed Clarity Act, ADA’s ecosystem appears well-positioned for renewed growth. Outlook: Will Bulls Break $0.92? Cardano remains one of the stronger altcoin performers over the past 90 days, posting gains of nearly 25%. The cleared Hoskinson case adds fresh momentum, but technical resistance at $0.92 remains the hurdle that could decide ADA’s next breakout. If bulls reclaim $0.85 and sustain accumulation, a run toward $1.00 looks increasingly likely. For now, ADA sits at a crossroads, balancing bearish sentiment with bullish fundamentals, where the next decisive move could reshape its September trajectory. Cover image from ChatGPT, ADAUSD chart from Tradingview

BNB price is consolidating losses below the $850 zone. The price is now facing hurdles near $855 and might start another decline in the near term. BNB price is correcting gains and traded below the $855 support zone. The price is now trading below $850 and the 100-hourly simple moving average. There is a short-term contracting triangle forming with support at $845 on the hourly chart of the BNB/USD pair (data source from Binance). The pair must stay above the $840 level to start another increase in the near term. BNB Price Dips To Support After a steady increase, BNB price failed to clear the $868 zone. There was a downside correction below the $865 and $855 levels, like Ethereum and Bitcoin. The price even dipped below $850 and tested $842. A low was formed at $842 and the price is now attempting a fresh increase. There was a move above the 23.6% Fib retracement level of the downward move from the $864 swing high to the $842 low. The price is now trading below $850 and the 100-hourly simple moving average. Besides, there is a short-term contracting triangle forming with support at $845 on the hourly chart of the BNB/USD pair. On the upside, the price could face resistance near the $850 level. The next resistance sits near the $855 level and the 61.8% Fib retracement level of the downward move from the $864 swing high to the $842 low. A clear move above the $855 zone could send the price higher. In the stated case, BNB price could test $865. A close above the $865 resistance might set the pace for a larger move toward the $880 resistance. Any more gains might call for a test of the $888 level in the near term. Another Decline? If BNB fails to clear the $855 resistance, it could start another decline. Initial support on the downside is near the $845 level. The next major support is near the $842 level. The main support sits at $835. If there is a downside break below the $835 support, the price could drop toward the $820 support. Any more losses could initiate a larger decline toward the $800 level. Technical Indicators Hourly MACD – The MACD for BNB/USD is losing pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BNB/USD is currently below the 50 level. Major Support Levels – $842 and $835. Major Resistance Levels – $855 and $865.

The August US labor readings have turned Friday’s nonfarm payrolls into a live-fire macro event for crypto. On Wednesday, ADP’s private payrolls rose by just 54,000—well under the forecast—and job openings have slipped on the latest JOLTS print, sharpening focus on whether the Federal Reserve will confirm a long-telegraphed September rate cut. Why Tomorrow Could Be Crucial For The Crypto Market As crypto analyst Kevin (Kev Capital TA) put it, “JOLTS report indicates that job openings are slightly weakening. This will catch the attention of the Fed. Labor market report on Friday just got bigger in terms of importance.” He added today that “very low volume and very little liquidity [are] flowing around… classic August/September behavior while the markets wait for key economic data and monetary policy updates going into Q4,” stressing that “price action will likely be mediocre at best” until the FOMC meeting on September 17. The data backdrop is decisively softer. ADP’s August report showed private-sector employment increased by 54,000 and annual pay rose 4.4% year-over-year; July was revised to a 106,000 gain. The miss versus expectations underscores a cooling trend into Friday’s official Employment Situation release. Separately, initial jobless claims climbed to 237,000 in the week ended August 30, up 8,000 from the prior week, while the BLS’s July JOLTS showed job openings at 7.2 million, down from a revised 7.4 million in June, with declines led by health care and retail. Together these indicators argue that labor demand is easing and that slack is edging higher. The calendar makes the stakes plain. The Bureau of Labor Statistics releases August nonfarm payrolls on Friday, September 5, at 8:30 a.m. ET, and the FOMC meets on September 16–17, with a press conference scheduled on the 17th. As of today, derivatives markets imply that a quarter-point cut in September is overwhelmingly priced. In other words, the next incremental move in crypto is less about whether the Fed cuts and more about how Friday’s labor internals—headline payrolls, unemployment rate, and labor-force participation—reshape the expected path of cuts into year-end. Price action mirrors the wait-and-see tone that Kevin describes. Liquidity is thin intraday and reactive to headlines, a profile that often produces range maintenance rather than trend extension into marquee macro releases. For altcoins, rate-path expectations and dollar moves typically dictate beta. When a user asked Kevin for “the next target for DOGE when we get the rate cut on the 17th?”, he answered bluntly: “That rate cut is already priced into the market my friend.” The logic is consistent with futures-implied probabilities; a “cut confirmed” headline is less catalytic than a deviation in the odds for additional easing after September. DOGE itself is hovering near $0.216 intraday, and like the broader market it has been tracking bitcoin’s range as traders prioritize Friday’s jobs data over directional bets. Why tomorrow’s Jobs Report is pivotal for crypto is straightforward and mechanical. First, the print will refine expectations for the Fed’s reaction function into the September 16–17 meeting and beyond; the rate path filters directly into global liquidity conditions, term premia, and the dollar, all of which feed crypto risk appetite. Second, after July’s disappointing government report and the ADP/claims/JOLTS trio this week, another soft employment reading would validate a slowdown narrative and keep additional 2025 cuts in play—whereas a surprise re-acceleration would push back against the easing path and likely firm yields and the dollar, a headwind for high-beta crypto. At press time, BTC traded at $109,551.

Why is crypto down Today? Bitcoin price is struggling to progress upside, but if Rektember collapses BTC USD, how long will it go? As the Bitcoin price reaches a critical moment in its four-year market rhythm, doubts are rising. Traders are asking if this turning point could signal a steep drop ahead – here is the analysis. Analysts caution that the coming month could bring either a sharp surge or a steep $50,000 correction. October is being pointed out as the key turning point. Joao Wedson, founder and CEO of the crypto analytics firm Alphractal, clearly warned about Bitcoin’s outlook. He suggested that Bitcoin may be nearing the close of its four-year repetition cycle, and bear markets have historically followed it. Wedson explained that Bitcoin’s 15% slide from its all-time highs could be an early sign of a longer downtrend. He stressed that the current structure fits with Alphractal’s “Repetition Fractal Cycle” and October is usually the month when bearish momentum builds and market sentiment shifts. Bitcoin Price Analysis: Is BTC’s Descending Channel Setting Up a Breakout or a Breakdown? BitcoinPriceMarket CapBTC$2.21T24h7d30d1yAll time On the technical side, Bitcoin’s hourly chart shows a mixed setup. Price action has been consolidating after the recent volatility. Candlestick movement shows a descending channel formed in late August. This was marked by consistently lower highs and lower lows. The pattern forced Bitcoin down to the $109,500-$110,000 support zone. Buyers stepped in at this level to absorb selling pressure. (Source – BTC USDT, TradingView) Currently, Bitcoin price trades around $110,049, marking a decline of -2.5% just above that support area. The 50-day and 100-day exponential moving averages are moving close together. This reflects uncertainty in the short term and the possibility of a sharp breakout. If the $109,500 support breaks, selling could accelerate and drag the price toward $108,000. On the other hand, if the level holds, Bitcoin could retest resistance around $111,000-$112,000. According to the CryptoQuant data, the Binance Bitcoin-to-stablecoin ratio is now close to 1, which has often lined up with market bottoms. The measure compares Bitcoin reserves with stablecoin reserves on Binance. The last time it touched parity was in March, when Bitcoin dipped to $78,000 before staging a rally toward its $123,000 all-time high. (Source: Bitcoin/Stablecoin Reserve Ratio – CryptoQuant) This ratio has increased to such heights twice since the previous bear market. The ratio has never been seen before during the previous cycles, except at the end of bear markets, and it flashed again in March 2023. Its renewal now might not indicate a bottom, but just indicate the beginning of a greater correction. DISCOVER: Next 1000X Crypto: 10+ Crypto Tokens That Can Hit 1000x in 2025 Could a Drop Below $108K Trigger Forced Selling for Bitcoin? Both directions also have hot spots on the Bitcoin liquidation heatmap provided by Coinglass. (Source: Bitcoin Liquidation Heatmap – Coinglass) On the positive side, the liquidation leverage is between $112,000 and $114,000. Any further breakout would trigger a series of short liquidations, which would cause a squeeze in case momentum increases. Liquidation levels are negative, between $108,000 and $106,000. Close to 20M-40M positions are resting in this range. According to analysts, below this zone, forced selling may cause a more severe drop in Bitcoin price. The overall liquidation structure indicates that the traders are distributed on either side. Shorts would be at risk below $108000, and longs would be at risk above $112000. The heatmap highlights a current battle between bulls and bears and indicates that a big move may be acute after liquidity levels on either side are tested. The latest Crypto Fear and Greed Index from CoinGlass reads at 56, which is neutral but leans toward greed. This indicates that sentiment is slightly bullish even though traders are cautious. Historically, when the index moves into greed while Bitcoin trades near highs, markets often see short-term corrections as profit-taking starts. (Source: BTC Fear and Greed Index – Coinglass) A sign of mild greed shows that buyers are still active. But if momentum slows, the chance of a pullback grows. For Bitcoin, that could mean more volatility around current levels. Traders are watching closely to see if the move toward greed brings a cooling phase before any push higher. Charts shared by Wedson on X show that BTC/USD is moving in line with past cycle patterns. Still, this cycle carries key differences. One of the biggest is the strong role of institutional investors and Bitcoin’s growing status as a macro asset. EXPLORE: Gemini IPO Targets $317M as Trump Media Bets $1B on Crypto.com Treasury Strategy Join The 99Bitcoins News Discord Here For The Latest Market Updates The post If Bitcoin Price Collapses, How Low Will It Go? appeared first on 99Bitcoins.

Etherscan has expanded to SEI crypto with the launch of Seiscan. As Seiscan goes live, the real test lies ahead – could September bring a shake-up in SEI price? According to SEI’s official blog, Seiscan adds Etherscan’s infrastructure to the chain, giving users detailed blockchain data in one place. Etherscan acts like a search engine for blockchain records, letting people track transactions, wallet activity, smart contracts, token information, and gas costs in real time. Etherscan handles more than a billion API requests each day and serves millions of active users. It is viewed as the standard tool across Ethereum Virtual Machine (EVM) networks. Its launch on SEI now brings those same tools to developers and traders, backing SEI’s role as a fast, institution-level EVM chain. SeiPriceMarket CapSEI$1.68B24h7d30d1yAll time The integration is a significant step for the Sei ecosystem, and the blog post highlighted the benefits that can strengthen Sei’s position on the broader blockchain space. DISCOVER: Best New Cryptocurrencies to Invest in 2025 SEI Price Prediction: How Could Seiscan’s EVM Compatibility Affect SEI Price in September? As of press time, the SEI price is trading close to $0.279 showing a decline of -4.93% in last 24 hours as per Tradingview data. (Source – SEI USDT, TradingView) The market shows caution after several failed attempts to move higher. On the one-hour Heikin Ashi chart, the token has struggled to hold momentum above $0.29. Sellers have added pressure in recent sessions. Trading volume is steady at around 17K, showing neither side has firm conviction. From a technical view, SEI is under the 50-period and 100-period exponential moving averages (EMAs), which are marked at $0.2859 and $0.2863, respectively. Both are acting as resistance. This setup points to a bearish bias. Earlier in the week, attempts to push above these levels failed and were followed by sharp pullbacks. The chart shows lower highs and lower lows, which indicate weakness. However, brief rebounds signal that buyers still step in on dips, and support has formed around $0.275. A drop below this could push the price toward new local lows. Overall, the technical outlook is cautious. Unless bulls lift the price above $0.286 with strength, short-term weakness is likely. Sellers remain in control. Crypto analyst Ali Martinez shared a chart on X suggesting a possible bullish reversal for SEI price. His 4-hour chart of the SEI/USDT perpetual contract on Binance shows the token near $0.2867. The structure hints at a breakout from a descending wedge. (Source: Ali Martinez – X) The chart highlights key Fibonacci retracement levels. Support is set near $0.2851 at the 0.786 Fib level. SEI is now testing this area. If it breaks, the next support is $0.2691 near the wedge’s lower boundary. On the upside, resistance shows at $0.2993 (0.618 Fib), $0.3096 (0.5 Fib), and $0.3203 (0.382 Fib). Martinez believes reclaiming $0.2993 could open the way for a rally toward $0.33, in line with the 0.236 Fib retracement. The dotted path on his chart suggests that SEI may retest support before moving higher. If the price stays above the wedge breakout, this would signal growing bullish momentum. Traders are watching to see if SEI can flip short-term resistance into support, which could build confidence in a September recovery. SEI faces near-term tests at $0.285. Holding above this level could set up a move toward the $0.31-$0.33 range. If buyers confirm the breakout, market sentiment could improve. The new integration may increase transparency and trust across the network. However, it is still unclear if this will lead to a lasting SEI price recovery. DISCOVER: Next 1000X Crypto: 10+ Crypto Tokens That Can Hit 1000x in 2025 Why Is Etherscan’s EVM Compatibility a Game-Changer for SEI Developers? Etherscan already supports thousands of DeFi protocols and wallets. With Seiscan, Sei developers gain access to the same tested infrastructure that powers major projects across crypto. Seiscan gives users more profound insight into Sei’s on-chain activity. Users can check token holder records, confirm smart contracts, and use visual tools to understand data, making the network more transparent and easier to study. Developers building on Sei can now use the same APIs that leading ecosystems rely on. This connection helps them plug into strong, dependable blockchain systems. For developers who already know Ethereum, the transition is simpler. Seiscan supports EVM compatibility, so existing tools can be moved over. At the same time, they benefit from Sei’s sub-second speed. These features are expected to improve developers’ experience and increase user trust. SEI has already worked with MetaMask and Circle in earlier rollouts. Adding Etherscan shows another step toward its goal of becoming a settlement layer for DeFi, institutional finance, and real-world assets. DISCOVER: 9+ Best High-Risk, High-Reward Crypto to Buy in July 2025 The post Etherscan Expands to SEI Crypto Amid High Demand: Will SEI Price Pump in September? appeared first on 99Bitcoins.

XRP price is struggling to recover above the $2.850 zone. The price is now moving lower and might start another decline below $2.750. XRP price is facing hurdles and struggling to recover above the $2.850 resistance. The price is now trading below $2.820 and the 100-hourly Simple Moving Average. There is a connecting bearish trend line forming with resistance at $2.8180 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could continue to decline if it stays below the $2.850 zone. XRP Price Faces Hurdles XRP price managed to stay above the $2.70 level and started a recovery wave, like Bitcoin and Ethereum. The price climbed above the $2.75 and $2.80 resistance levels. However, the price seems to be struggling to settle above the $2.850 resistance zone. Recently, there was a fresh bearish reaction below the $2.820 level. The price dipped below the 50% Fib retracement level of the upward move from the $2.70 swing low to the $2.887 high. The price is now trading below $2.820 and the 100-hourly Simple Moving Average. If the bulls protect the $2.780 support, the price could attempt another increase. On the upside, the price might face resistance near the $2.820 level. There is also a connecting bearish trend line forming with resistance at $2.8180 on the hourly chart of the XRP/USD pair. The first major resistance is near the $2.850 level. A clear move above the $2.850 resistance might send the price toward the $2.880 resistance. Any more gains might send the price toward the $3.00 resistance. The next major hurdle for the bulls might be near $3.050. More Losses? If XRP fails to clear the $2.820 resistance zone, it could continue to move down. Initial support on the downside is near the $2.780 level or the 61.8% Fib retracement level of the upward move from the $2.70 swing low to the $2.887 high. The next major support is near the $2.744 level. If there is a downside break and a close below the $2.744 level, the price might continue to decline toward $2.70. The next major support sits near the $2.650 zone, below which the price could gain bearish momentum. Technical Indicators Hourly MACD – The MACD for XRP/USD is now gaining pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now below the 50 level. Major Support Levels – $2.780 and $2.70. Major Resistance Levels – $2.850 and $2.880.

The recent Bitcoin (BTC) price correction has sent ripples through the broader cryptocurrency market, pushing many assets into the red. On Tuesday, Bitcoin fell below $110,000, marking a 12% decline from its all-time high. Experts are now warning that the situation could worsen as October approaches. Crypto Market’s Imminent Downturn Market analyst OxPepesso took to the social media platform X (formerly Twitter) to explain his decision to liquidate all his crypto holdings by October. He identified key factors based on historical patterns that influenced his decision. According to the analyst, many traders mistakenly believe that the upcoming altcoin season will last six to eight months. OxPepesso’s analysis indicates that altcoin season is anticipated to begin in late September to early October. He notes that Bitcoin is losing its dominance, while the resurgence of memecoins and growing momentum in the Ethereum (ETH) ecosystem signal a shift in market dynamics. Technical setups also appear to align with macroeconomic trends, suggesting that the market is nearing an “overheating phase.” He warns that following this peak, an “uncontrollable collapse” could occur, leading to significant losses for altcoins. The analyst also highlights the use of various indicators, such as the Extreme Oscillators, which measure market overheating or oversold conditions. Currently, this indicator sits at 1-2, suggesting that the market has not yet reached an overheated state, but the risk of a downturn looms. Another tool in OxPepesso’s analytical arsenal is the MVRV Bands, which assess the ratio of Bitcoin’s market value to its realized value. When this metric approaches its upper bands, it signals that the crypto market is becoming overheated, increasing the risk of a price drop. Although today’s readings remain below critical levels, the analyst asserts that there are signs indicating the market is heading in that direction. This could potentially worsen the broader crypto market’s retracement as the October deadline approaches. Analyst Predicts Lower Bitcoin Prices The Pi Cycle Top indicator, which tracks the crossover of the 111-day and 350-day moving averages, is another focal point in OxPepesso’s analysis. Although the lines have not yet crossed, the chart below shows that the gap is closing rapidly, suggesting that a market top could be imminent. Additionally, Onchain Originals Price Models are being monitored, as they reflect investor behavior and establish Bitcoin’s value ranges, identifying support and overheating levels that indicate the current phase of the crypto cycle. In light of these indicators, OxPepesso notes that the current cycle is nearing its final phase. This sentiment is echoed by fellow market analyst Doctor Profit, who recently intensified his bearish stance. Initially, he had projected that the market’s leading crypto could reach a new all-time high after hitting the $90,000 to $95,000 range. However, he now considers the possibility of lower price points, stating that he sees little to be bullish about. Featured image from DALL-E, chart from TradingView.com

Ethereum price started a fresh recovery wave above the $4,300 zone. ETH is still struggling to gain momentum and might slide below $4,250. Ethereum is still struggling to recover above the $4,450 zone. The price is trading below $4,400 and the 100-hourly Simple Moving Average. There is a connecting bearish trend line forming with resistance at $4,370 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a decent increase if there is a close above the $4,450 level in the near term. Ethereum Price Recovery Faces Hurdles Ethereum price started a recovery wave after it formed a base above the $4,220 zone, like Bitcoin. ETH price was able to climb above the $4,300 and $4,350 resistance levels before the bears appeared. The recent low was formed at $4,269 and the price is now consolidating losses. There was a minor increase above the 23.6% Fib retracement level of the recent decline from the $4,488 swing high to the $4,269 low. However, the bulls face an uphill task near $4,400. Besides, there is a connecting bearish trend line forming with resistance at $4,370 on the hourly chart of ETH/USD. Ethereum price is now trading below $4,350 and the 100-hourly Simple Moving Average. On the upside, the price could face resistance near the $4,350 level. The next key resistance is near the $4,370 level or the trend line and the 50% Fib retracement level of the recent decline from the $4,488 swing high to the $4,269 low. The first major resistance is near the $4,450 level. A clear move above the $4,450 resistance might send the price toward the $4,500 resistance. An upside break above the $4,500 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $4,550 resistance zone or even $4,620 in the near term. More Losses In ETH? If Ethereum fails to clear the $4,450 resistance, it could start a fresh decline. Initial support on the downside is near the $4,280 level. The first major support sits near the $4,250 zone. A clear move below the $4,250 support might push the price toward the $4,215 support. Any more losses might send the price toward the $4,160 support level in the near term. The next key support sits at $4,120. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the bearish zone. Hourly RSI – The RSI for ETH/USD is now below the 50 zone. Major Support Level – $4,215 Major Resistance Level – $4,450

Solana’s futures Open Interest (OI) has reached a new all-time high. This record level of activity highlights growing demand and institutional participation in SOL, signaling deeper liquidity and confidence in its long-term role within the digital asset ecosystem. Derivatives Demand Highlights Rising Confidence in Solana In an X post, crypto analyst Tom Tucker has revealed that Solana Open Interest (OI) has reached a new all-time high of $13.68 billion, a key indicator suggesting that traders are placing significant bets on SOL’s upside. This record-breaking figure comes as SOL records a 17% jump to $217 in Q3, which is fueled by a major network upgrade. The Alpenglow upgrade, which was recently approved, is a major catalyst for this institutional confidence. Interestingly, this upgrade has reduced transaction finality from over 12 seconds to a blistering 150 milliseconds. Solana has achieved a level of speed and efficiency that rivals traditional financial systems. Combined with a tested capacity of over 107,000 transactions per second (TPS), this performance boost makes Solana a prime candidate for high-frequency trading and large-scale institutional applications. As history has often shown, a high OI indicates that a significant amount of new capital is entering the derivatives market. Also, this accumulation of open contracts suggests a strong market consensus that signals a major price move could be on the horizon. SOL’s Strong Buying Pressure Solana’s rising prominence is a result of growing institutional flows and an exploding DeFi ecosystem. According to an analyst known as Gum, the key to capitalizing on this trend lies with teams that can build the right infrastructure and services to accommodate this new wave of capital. One of the major winners of this trend is Orca, a decentralized exchange (DEX) on Solana, which has focused on creating a more secure and reliable environment for large-scale investors. Its new Wavebreak launchpad feature is designed to create a fairer environment for new token launches using anti-bot mechanisms, CAPTCHA, and on-chain permission to prioritize human users. By fixing the sniper bots issue and focusing on creating the right DeFi services, Orca is building the on-ramps needed to bring tens of millions of dollars into the SOL on-chain ecosystem. As the accumulation of open contracts grew, SOL experienced a slight upward move, which led to the liquidation of short positions. A recent post by SolanaFloor has confirmed a massive $22 million liquidation of short positions in the last 24 hours, as the token’s price surged above the $200 price mark. Specifically, this event is a clear sign of renewed bullish momentum and that SOL bulls are reentering the market. According to the platform, a substantial portion of these liquidations occurred on on-chain perpetual futures platforms, surpassing centralized exchanges (CEXs).