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Following a rejection at $4,946 on August 24, Ethereum (ETH) is now trading in the low $4,000 level. However, some analysts are still hopeful that ETH is likely to surge beyond $5,000 in the coming weeks, thanks to its rising illiquid supply and positive exchange-traded fund (ETF) momentum. Ethereum To Hit $5,500 In September? According to a CryptoQuant Quicktake post by contributor Arab Chain, Ethereum’s latest upswing in August which pushed the digital asset from a range of $3,700 – $4,000 to its latest all-time high (ATH) of $4,946, was largely buoyed by broader market rally and positive ETF inflows. The analyst noted that ETH reserves on Binance crypto exchange witnessed a sharp uptick in August. The quick surge in inflow of tokens to the exchange shows that holders are choosing to sell or take profits at higher prices. Arab Chain shared the following chart which shows both liquid (green) and illiquid (beige) ETH supply. According to the chart, the vast majority of ETH supply remains illiquid, creating a structural supply shortage. On the other hand, the chart shows a slight increase in the liquid supply, suggesting that a portion of ETH has returned to circulation and could add to short-term selling pressure. The analyst remarked: The overall illiquidity of the supply reinforces the long-term bullish outlook. Short-term cautionary signals – rising Binance reserves combined with a small increase in liquid supply – suggest a potential correction after the recent strong upswing. If the growth in ETH reserves on Binance shows signs of slowing down or withdrawals resume, the digital asset’s supply shortage will remain pronounced. Consequently, a clear and decisive break above the $4,800 resistance level could propel ETH toward $5,200 – $5,500 in the near term. The CryptoQuant analyst concluded by saying that September is likely to witness sideways to a slightly bullish move for ETH between $4,300 to $5,000. However, a failure to break through the $4,800 level – coupled with rising exchange reserves – could raise the possibility of a correction to $4,200. What’s In Store For ETH? While a breakout above $4,800 is possible, some analysts are tempering their expectations by saying that ETH may test the psychologically important $4,000 level before resuming its uptrend. Meanwhile, on-chain data shows whales accumulating ETH at record pace. According to a recent report, ETH whales added a whopping 260,000 ETH to their wallets on September 1. Offering a more ambitious prediction, Ethereum co-founder and ConsenSys CEO Joseph Lubin recently said that “ETH will likely 100x from here.” At press time, ETH trades at $4,429, up 2% in the past 24 hours.

Bitcoin price is attempting a recovery wave above $111,000. BTC is now rising and might gain pace if it clears the $112,500 resistance level. Bitcoin started a recovery wave above the $111,200 zone. The price is trading above $111,200 and the 100 hourly Simple moving average. There is a short-term rising channel forming with support at $111,500 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might start another decline if it stays below the $112,500 zone. Bitcoin Price Extends Recovery Bitcoin price started a fresh recovery wave above the $109,500 zone. BTC was able to climb above the $110,000 and $110,500 resistance levels. The price cleared the 61.8% Fib retracement level of the key drop from the $113,457 swing high to the $107,352 low. The upward move was such that the price even surpassed the $112,000 resistance zone. Besides, there is a short-term rising channel forming with support at $111,500 on the hourly chart of the BTC/USD pair. Bitcoin is now trading above $111,000 and the 100 hourly Simple moving average. Moreover, the price is now consolidating near the 76.4% Fib retracement level of the key drop from the $113,457 swing high to the $107,352 low. Immediate resistance on the upside is near the $112,500 level. The first key resistance is near the $112,800 level. The next resistance could be $113,450. A close above the $113,450 resistance might send the price further higher. In the stated case, the price could rise and test the $114,500 resistance level. Any more gains might send the price toward the $115,000 level. The main target could be $115,500. Another Pullback In BTC? If Bitcoin fails to rise above the $112,500 resistance zone, it could start a fresh decline. Immediate support is near the $111,500 level. The first major support is near the $110,500 level. The next support is now near the $110,000 zone. Any more losses might send the price toward the $109,250 support in the near term. The main support sits at $108,500, below which BTC might decline sharply. Technical indicators: Hourly MACD – The MACD is now gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 level. Major Support Levels – $111,500, followed by $110,000. Major Resistance Levels – $112,500 and $113,450.

American Bitcoin, a new cryptocurrency mining venture supported by Eric and Donald Trump Jr., made its debut on Nasdaq on Wednesday under the ticker symbol “ABTC.” This launch marks the Trump family’s second digital asset debut in less than a week, following World Liberty Financial’s WLFI token launch on crypto exchanges on Monday. American Bitcoin Shares Jump 90% In a press release, Eric Trump, co-founder and chief strategy officer of American Bitcoin, described the listing as a “historic milestone,” emphasizing the company’s mission to integrate Bitcoin into the core of US capital markets. In line with President Donald Trump’s pro-crypto agenda, which has created a more accommodating environment for the growth of digital assets in the country, Eric expressed ambition for the US to lead the global Bitcoin economy. Initially launched as a subsidiary of Hut 8, a publicly traded Bitcoin mining firm, American Bitcoin began trading at $6.90 per share following an all-stock merger with Gryphon Digital Mining. The ABTC stock experienced a remarkable surge, rising as much as 90% toward its current record of $14.52 in its first hour of trading, although it later settled to over a 40% increase, trading at $9.21 per share. Asher Genoot, executive chair of American Bitcoin and CEO of Hut 8, stated that the company aims to foster rapid growth in Bitcoin shares by leveraging its mining capabilities and Hut 8’s robust energy and digital infrastructure. Trump Family Expands Crypto Portfolio The listing of American Bitcoin is one of several similar moves by the Trump family in the digital asset space, following the approval of trading WLFI in August and its subsequent debut on exchanges such as Binance. The WLFI token experienced typical market reactions, spiking initially toward a new record of $0.47 before stabilizing close to its listing price between $0.20 and $0.22 for the last few days. According to CoinGecko data, World Liberty Financial has quickly climbed to become the 35th largest cryptocurrency by market capitalization, reaching a valuation of nearly $6 billion in record time. Current valuations suggest that their holdings in World Liberty Financial tokens could be worth around $5 billion, positioning them as one of the family’s most valuable assets. The Trump family’s financial interests in the cryptocurrency realm have garnered considerable attention, encompassing a range of projects from World Liberty tokens to a memecoin associated with President Trump himself launched in January. Eric Trump recently remarked that crypto has been “probably the most rewarding venture of my entire life,” reflecting his enthusiasm for the digital currency landscape. At the time of writing, Bitcoin is trading at $112,159, marking a modest 1% increase within the last 24 hours. Compared to the cryptocurrency’s record price of $124,100, the current price is 9% lower. Featured image from DALL-E, chart from TradingView.com

BitMine chairman Tom Lee has pinned Ethereum’s long-run upside to an explicit ratio framework and a “replacement-cost” lens on global payment rails. In his September 2 “Chairman’s Message,” the Fundstrat co-founder centers the analysis on the ETH/BTC cross and a year-end Bitcoin anchor of $250,000, using a slide-based grid to translate ratio levels into ETH spot targets—and then extends the calculus to a $62,500 scenario if Wall Street’s settlement stack migrates to Ethereum. Why Ethereum Could Soar To $62,500 “The 8-year average Ethereum to Bitcoin ratio is 0.04790 and it’s currently 0.0432, meaning we’re below the long-term average. The all-time high in this ratio was 0.0873,” Lee says. “Of course, it started off higher, but I’m talking about the 2021 all-time high. So, we think that not only should Ethereum recover to the long-term average, it should probably get to the all-time high ratio and arguably exceed it as we start talking about Ethereum acting as the chain for both Wall Street to build its payment rails and the financial system as well as AI.” He then walks through the core exhibit. “So, let’s think about what that means for price. I have a grid here. On the left side is Bitcoin price levels and then going across are various levels of the Ethereum to Bitcoin ratio. Our year-end target—this is from the Fundstrat side—for Bitcoin is $250,000. And if you look at the average, okay, then you can see the range of prices for Ethereum using this ratio and different levels of Bitcoin. And here’s the 2021 high. And as you can see, at a $250,000 Bitcoin, you get to somewhere between $12,000 and $22,000 value per Ethereum token.” The slide shows: if BTC runs to $250K and ETH just trades at the average ratio, it implies ~$12,000; if ETH recovers its 2021 ratio high of ~0.087, that jumps closer to ~$22,000. “But that’s just a ratio recovery,” Lee continues. “If you look at the replacement cost of payment rails and the banking system, that gets you to an implied value of Ethereum of around $60,000. And that puts the ratio at roughly 0.250 Ethereum to Bitcoin ratio. And as you can see, that’s how you get to $62,500 per Ethereum token. So plenty of upside.” Lee frames this ratio-first math within a broader structural thesis that Ethereum is entering a “1971 moment” for finance, as real-world assets are synthesized into on-chain instruments and stablecoins expand as digital base money. The near-term numerical anchor is the 0.0432 ETH/BTC print sitting below the 0.04790 eight-year mean; the medium-term objective is a reversion toward, and potentially beyond, the 2021 high he cites. The grid translates those waypoints into discrete ETH prices at a fixed Bitcoin reference, which is why Lee emphasizes both variables in tandem rather than an ETH-only trajectory. Beyond the grid, Lee argues that Ethereum captures the greatest share of tokenized financial activity and that its proof-of-stake economics align with how regulated institutions pay for security and uptime today. In his telling, banks and market operators already fund siloed infrastructure stacks; staking ETH to secure common rails could substitute that spend while returning a native yield, an incentive he says pushes the ETH/BTC ratio higher as risk capital and cash flows migrate. This is also where the “replacement-cost” view feeds into the $62,500 outcome: if Ethereum becomes the settlement substrate for payment networks, tokenized credit and equity, and AI-linked data rights, the market should price ETH on the value of the rails it replaces rather than only on historical multiples or cycle heuristics. The message also situates BitMine’s corporate blueprint inside that macro arc. Lee describes BitMine as an Ethereum treasury business built to compound ETH per share through five levers—equity issued above NAV, equity-linked volatility monetization, operating cash flows, staking rewards, and M&A for treasuries near NAV—arguing that proof-of-stake turns an ETH balance sheet into an income-producing infrastructure asset. Lee’s math makes the dependencies explicit: a Bitcoin anchor around $250,000 and an ETH/BTC advance first to the long-term average (~0.048), then toward the 2021 peak (~0.0873), and, in the replacement-cost scenario, to ~0.25. The first two steps imply ~$12,000–$22,000 ETH on his grid; the third defines the $62,500 “skyrocket” case tied to financial-plumbing migration and AI-era settlement on Ethereum. As he puts it: “That’s how you get to $62,500 per Ethereum token.” At press time, ETH traded at $4,377.

In a recent post on X, crypto analyst Pumpius argued that the recent drop in XRP’s price is not natural but the result of deliberate actions by Binance. According to him, the exchange wants to protect its position because the digital currency poses a threat to the system it has built over the years. He says the exchange is doing more than just selling tokens; it is working to hold XRP back. Binance Accused Of Coordinating XRP Price Suppression Pumpius says Binance is not only selling XRP but is also actively manipulating the market around it. He points to sudden drops in liquidity, heavy waves of sell pressure, and red flashes on charts that appear whenever there’s an announcement of positive Ripple news. He claims this is not a coincidence but evidence of coordination and a strategy to keep XRP from breaking out. The analyst stresses that the real reason Binance targets XRP is that it is different. XRP is not a meme or speculative bet but a payment infrastructure. Pumpius argues it could replace the liquidity pools that Binance has used for years, and if that happens, the exchange’s market-making business could crumble. He also warns that it is not only Binance that is involved. According to him, powerful investors, legacy financial players, and offshore networks all see XRP as a threat. He says that because XRP runs on transparent rails, it could expose money flows they prefer to keep hidden. Therefore, price suppression becomes their primary tool to slow down the process. Why Suppression Could Backfire As XRP Price Fundamentals Strengthen Despite these heavy claims, Pumpius argues that the pressure on XRP may backfire. The crypto expert points to Ripple and its ecosystem, noting that the fundamentals are strengthening every day. New payment corridors are opening in Japan and the UAE. Projects such as DNA Protocol are using the XRP Ledger to anchor IDs and even genetic data. Pumpius believes this shows the suppression is artificial. The fundamentals are exploding, he says, while the adverse price action comes from deliberate dumping. He adds that every time Binance sells, more XRP moves into self-custody wallets. Instead of weakening the community, this decentralizes the asset even more. Holders are preparing for the day when real utility drives demand at a scale far beyond speculation. In his view, when that switch flips, Binance’s paper games will be meaningless compared to trillion-dollar settlement flows. He warns that the exchange may think it is winning now, but it’s only exposing the truth about the digital currency. XRP, he says, is not just a trader’s coin. It is the backbone of a new financial order. And according to him, no amount of dumping can stop already living rails.

British Columbia’s Environmental Appeal Board has upheld a ruling that handed Peace River Coal Inc. an C$800,000 ($580,000) fine after it repeatedly failed to comply with its environmental permit at its Trend Roman coal mine near Tumbler Ridge, Business in Vancouver reported. The Peace River coal mine was a metallurgical coal mine in northeastern BC, that was owned by Anglo American and suspended production in 2014 due to low coal prices. In February 2025, the idled mine was sold to Conuma Resources, a coal miner with operations in northeastern BC. The penalty was the largest ever issued by the B.C. Ministry of the Environment under the Environmental Management Act when it was first handed down in 2021. These infractions included failing to monitor mine waste discharge into fish-bearing waters and neglecting to limit airborne particulate emissions stemming from the Trend-Roman mine’s failure to limit the discharge of selenium into three nearby creeks and rivers, BIV reported. In the original 2022 decision to penalize the company, Peace River Coal’s mine was reportedly found to have breached selenium discharge limits by as much as 350% between 2016 and 2019. “The company’s environmental permit was initially issued on October 31, 2015. It recognizes that effluent from the mine site is directed to a set of sedimentation ponds. One Permit required that Peace River construct and start operating a second water treatment facility on Gordon Creek, downstream of the sedimentation ponds, by March 31, 2017 to reduce selenium levels in Gordon Creek. In May 2016, Peace River applied for an amendment to the Permit, to delay the construction of the Second facility,” the ruling reads. According to the decision, the Director concluded that Peace River had violated the permit by not submitting quarterly reports (six times) and one annual report as required. The Director also determined that there were 40 exceedances at a second monitoring station, downstream of the planned location of the Second Facility. The Director considered this to be a “major” contravention, with an associated base amount of C$20,000 per day. Four other coal mines in the province Conuma Resources resumed mining at its Quintette coal mine in northeastern BC last year, 24 years after it was placed in care and maintenance. It now operates four mines in the province — Brule, Wolverine, Willow Creek, and Quintette — it acquired the latter in 2022 from Teck Resources for $120 million. In June 2024, the company was fined for over 400 environmental protection violations at its Brule mine site, committed between 2020 and 2023. These infractions included failing to monitor mine waste discharge into fish-bearing waters and neglecting to limit airborne particulate emissions.

In a continued support for crypto, the U.S. Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) have jointly confirmed that registered exchanges can now facilitate spot crypto trading under existing law. The joint statement, released Tuesday, clarifies that platforms such as the New York Stock Exchange (NYSE), Nasdaq, CBOE, and CME face no legal barriers to listing select digital asset products. SEC Chair Paul Atkins hailed the move as a turning point, emphasizing that “market participants should have the freedom to choose where they trade spot crypto assets.” CFTC Acting Chair Caroline Pham echoed his sentiment, noting that the era of mixed signals on crypto regulation “is over”. Crypto Regulations Boost Investor Confidence and Market Transparency Until now, uncertainty around regulatory guidance forced many U.S. exchanges to avoid spot crypto listings, even as global rivals advanced. The new framework provides long-awaited clarity, allowing spot Bitcoin and Ethereum trading to sit alongside traditional equities and futures. Exchanges registered with either the SEC or CFTC will be required to uphold strict compliance standards. This includes stronger custodial protection, data-sharing agreements, and closer market surveillance to curb manipulation and fraud. Regulators also stressed the importance of transparent pricing and clearing mechanisms to safeguard investor trust. For everyday traders, spot crypto means instant ownership of digital assets at market price, making the process more straightforward than derivatives trading. Analysts believe this clarity could attract institutional players, deepen liquidity, and accelerate mainstream adoption. A Milestone for U.S. Crypto Leadership The joint decision builds on the SEC’s Project Crypto and the CFTC’s Crypto Sprint, both launched to align digital asset oversight with the recommendations of the President’s Working Group on Digital Assets. By acting together, the agencies are signaling Washington’s determination to make the U.S. a global hub for regulated crypto markets. Industry leaders see this as a watershed moment. According to Alexander Blume, CEO of Two Prime Digital Assets, “This effectively gives U.S. exchanges the green light to support spot trading in top digital assets, connecting crypto with markets where trillions already flow.” With the SEC and CFTC aligned, U.S. exchanges now have a clearer path to expand offerings, bringing crypto closer to Wall Street and signaling the start of a new era for DeFi. Cover image from ChatGPT, BTCUSD chart from Tradingview

Silver X Mining (TSXV: AGX) set 52-week highs in successive sessions this week off the back of positive financial results for the first half of 2025. The Canadian miner, which owns the Nueva Recuperada silver project in central Peru and produces precious and base metals from its Tangana mining unit, reported last week that its operating income for the first six months increased threefold from last year. This is despite a 22.9% decrease in silver-equivalent production from roughly 582,000 oz. to nearly 449,000 oz., a result of reduced ore processing and lower head grades compared to H1 2024. The higher operating income, owing to a significant rise in realized silver and gold prices, helped the company to achieve pre-tax profitability of over $165,513 for the first half, compared to a pre-tax loss of $539,444 last year. Net loss (post-tax) was also cut to $409,883, down from $1.4 million in the prior-year period. “Silver X continues to make steady progress, with consistent improvements in operating income, pre-tax earnings and EBITDA,” CEO Jose Garcia stated in a press release on Friday. He added that “achieving sustained profitability at this stage is a key milestone – one that provides a solid foundation for accelerated growth.” Shares of Silver X rose for a second straight session on Wednesday, with an intraday high of C$0.42 — its best in over two years. At market close, the stock traded 4% higher at C$0.39 apiece, giving the company a market capitalization of C$85.7 million ($62.1m). Historic silver district The Nueva Recuperada project comprises four units and 230 mining concessions across 20,472 fully permitted hectares in Peru’s Huachocolpa mining district. The entire property surrounds Endeavour Silver’s recently acquired Kolpa project, which already has 25 years of production history and produced 5.1 million oz. of silver-equivalent this past year. The company is currently in the midst of an 8,000-metre drill program to expand the resources at Nueva Recuperada, having already completed nearly 1,900 metres of development work at its existing mine operation. A technical report filed earlier this year showed that Nueva Recuperada hosts 4.26 million tonnes of measured and indicated resources with grades of 3.28 ounces per tonne silver, 1.88% lead and 2.22% zinc, and 17.18 million tonnes of inferred resources at 5.12 oz/t silver, 2.05% lead and 2.04% zinc. This resource estimate includes the Plata mining unit, from which Silver X plans to restart production next year. In Friday’s results release, Garcia noted the company is entering a “pivotal” phase. “While we have not yet reached peak performance, we believe that a modest infusion of capital will serve as a catalyst to unlock the full potential of one of Peru’s most prolific yet underdeveloped silver and gold districts,” he said.

Grass crypto, a decentralized web scraping (DePIN) protocol built on the Solana blockchain, has introduced its Android app. Now all eyes are on whether GRASS price can hold strong ahead of the highly awaited S2 airdrop – here’s the full story. Touch GrassPriceMarket CapGRASS$83.29K24h7d30d1yAll time Grass Crypto Takes to Revolut and Google Store On August 11, Grass officially launched on the Revolut app. According to an X post, users can trade Grass directly within the app, benefiting from ultra-low fees and simple on/off ramps. The service is currently available to users in the United Kingdom and the European Economic Area (EEA). In the update, one participant was shown to have earned 11,113.37 points in Epoch 11. The Grass Foundation confirmed that these points will later convert into tokens during the airdrop process. The foundation also stated that Season 2 of the airdrop is planned for Q4 2025. According to the Bitget report, adoption has grown quickly, with over 2.8M users joining the network since the end of Season 1. Grass gives rewards to people who share their bandwidth. This model is now drawing attention across the crypto industry. The Android version of the app has been installed more than 10,000 times and currently holds a 4.2-star rating on Google Play. DISCOVER: 20+ Next Crypto to Explode in 2025 The post Will Revolut and Google App Store Save GRASS Price Ahead of S2 Airdrop? appeared first on 99Bitcoins.

Ethereum’s on-chain activity has reached a new milestone and recorded 1.8 million daily transactions. This unprecedented level of network usage showcases the vitality of the world’s leading smart contract platform and also underscores the effectiveness of its multi-layered scaling strategy. What This Milestone Represents In The Context Of A One-Year High A pivotal shift is underway in the crypto market, and the on-chain data for Ethereum tells the story. As market analyst Onur highlighted on the social media X platform, Ethereum hit a monumental milestone last month with 1.8 million daily transactions. This milestone marks a one-year high, signaling a dramatic increase in genuine network utility. At the same time, a remarkable 30% of the entire ETH supply is now locked in staking, which shows the conviction of long-term holders has never been stronger, and demonstrates a powerful commitment to hold and earn rather than sell. Instead of rotating out of positions, capital is doubling down on the yield and security framework that Ethereum uniquely provides. This trend is further supported by the Securities and Exchange Commission’s (SEC) guidance on liquid staking. However, this is being widely interpreted as a critical step toward an ETH Exchange-Traded Fund (ETF) with staking built in, and a structural shift that could change how institutions allocate into ETH. As these fundamental drivers gain traction, Bitcoin’s market dominance has noticeably declined from 60% to 57% in August, a subtle but important move that highlights capital rotation into ETH and other assets. Institutional Ethereum Accumulation Signals Long-Term Confidence While Ethereum is showing strong on-chain activity, rising staking participation, and a supportive regulatory backdrop, it is a clear sign of deepening institutional conviction that a flood of Wall Street capital is now flowing into Ethereum Spot ETFs. Crypto educator and market analyst CryptoBusy mentioned that the latest 13F filings reveal a significant and accelerating shift in how major financial players are viewing ETH. Leading the charge is Goldman Sachs, which has established a commanding position with $721 million in exposure, adding a massive 160,072 ETH to its holdings. This is part of a broad-based institutional embrace. Giants in the quantitative and multi-strategy hedge fund space, including Jane Street, Millennium, Capula, Schonfeld, and D.E. Shaw, are all actively stacking their Ethereum positions. Furthermore, a wide range of asset managers, such as BlueCrest, Logan Stone, and Elequin HBK, have boosted their holdings, providing further evidence of a systemic shift. These Wall Street firms are locking ETH into balance sheets as a long-term strategic asset, cementing its status as the default crypto backbone.

United States mining giant Freeport-McMoRan (NYSE: FCX) is calling on the Trump administration to sweeten incentives for domestic copper producers and cut permitting times to help offset weak metal grades, CEO Kathleen Quirk says. While US-based miners enjoy lower tax rates compared with other jurisdictions, copper grades in the US make investing in new domestic operations less attractive, Quirk said in an interview. Copper mines in the US often have grades of about 0.3%, compared with 1% or more elsewhere, she said. “We have a challenge in the US because the ore grades that we mine here are very low relative to what we mine internationally,” Quirk told The Northern Miner by videoconference in August. “Companies want to go where the higher grades are. If there are things in place that can help incentivize the production in the US, that would be an advance.” With annual output of about 4 billion lb. of copper and operations in countries such as the US, Indonesia, Chile and Peru, Phoenix-based Freeport is the world’s largest publicly-listed producer of the red metal. Its US output, which averages about 1.4 billion lb. a year, accounts for about 70% of the refined copper that’s produced in the country. Unit costs Operating costs vary greatly from country to country. While its unit costs in Indonesia are “close to zero” because the presence of a gold by-product generates substantial income, Freeport spends about $3 per lb. to produce copper in the US, Quirk says. And that doesn’t include the capital investments needed to start up a mine. A recent so-called Section 232 review into copper imports, which resulted in some foreign-produced goods being taxed 50%, did provide relief for US-based miners, Quirk said. US President Donald Trump ended up excluding refined copper – the most widely imported form of the metal – from his planned import tariffs, surprising market participants and analysts alike. “When you look at our mining in the US, there are structural aspects that make it less economic than mining internationally,” the executive said. “So one of the things we are hoping for is for the US to continue to look at policies that would help the domestic mining industry. The Section 232 investigation provided some tariffs and incentives for the US manufacturing of copper, and what we’re hoping to see more of in the future are incentives for upstream development.” Favourable environment Other helpful steps would include permitting reform and production tax credits, Quirk said without elaborating. Freeport-McMoRan CEO Kathleen Quirk. Credit: Freeport-McMoRan “Freeport in our view remains best positioned to benefit from 50% copper tariffs,” BMO Capital Markets mining analyst Katja Jancic said in a note following the release of the company’s second-quarter results in July. “Freeport’s US operations have tailwinds that in our opinion should translate to improved free cash flow profile and increased shareholder returns potential.” To be sure, the Trump administration has already created a “much more conducive environment” for miners, Quirk stressed. “We’re thrilled that governments around the world, and our administration here in the US, are more actively looking at how they can help incentivize the mining of critical minerals like copper,” she said. “There is a real desire to see the US regain its position in copper. Freeport is in a great position, with our existing production and pipeline of growth opportunities, to be a big part of that.” Expansion projects Those opportunities include three major expansion projects – two in the US and one in Chile – as well as a technological innovation that could lift annual output substantially. The most advanced of those projects is a potential $3.5-billion expansion of the company’s Bagdad, Arizona mine that could double the concentrator’s capacity, boosting copper and molybdenum production. An investment decision is expected by year-end with a potential start-up planned for 2029. “It’s ready to go. We are re-testing our economics,” Quirk said of the Bagdad project, which requires copper prices to average at least $4 a lb. to provide a return on investment. “While all of us are very positive about the outlook for copper, we want to make sure that when we do the project, we have the capital cost well understood and we can execute within our budget,” she added. Joint venture Freeport is also looking at potentially increasing capacity at its Lone Star copper mine in Arizona and at Chile’s El Abra mine, a joint venture with Chilean state miner Codelco. At Lone Star, a pre-feasibility study, now under way, is expected to be completed next year, with production possibly starting early next decade. The timeline for the proposed $7.5-billion expansion of El Abra is longer, with a potential 2033 target date. “Eventually all these projects are going to be required,” Quirk said. “It’s just that they don’t happen overnight.” El Abra, in particular, “is not an if project, it’s a when project,” she said. “We’ve done an enormous amount of work on it. Chile, like other countries is saying they want to produce more. They are going through a process to streamline permitting. What would have taken three or four years in the past to permit, we may be able to compress to under three years. That’s what we will be working on. Then it will be a three- or four-year construction period.” Improved recovery Quirk also has high hopes for a considerably cheaper initiative – extracting copper from material previously considered waste by injecting a water- and sulphuric acid-based solution. Freeport estimates its facilities hold about 39 billion lb. of stockpiled copper that can’t be recovered with traditional leaching methods. About half of that amount sits at the company’s Morenci mine in Arizona. “With data analysts and sensors, we can see within the stockpile that certain areas aren’t wet – they aren’t getting the benefit of having the solution access the rock,” Quirk said. “With these sensors, we can drill into the stockpile and inject the solution directly into the areas that need then. We can have targeted injections.” Last year, Freeport’s so-called “leaching initiatives” generated about 214 million lb. of extra copper. By the end of the decade, the goal is to hit 800 million lb. annually, Quirk said. New additives, which the company is developing, could potentially improve recovery rates even more. “In mining, you have to mine the material and you have to process it. In this case with the leach innovation, it’s already been mined so a lot of the costs have been incurred,” the CEO said. “This is an incredible opportunity – the likes of which I’ve never seen in my 35 years of working for Freeport. It has risks, it still has some things to prove but as we’ve gone through it, we’ve gotten more and more excited about the potential. When we see that the world needs more copper, we feel really challenged to supply it to the customers and the societies that rely on us. This is something we think that Freeport can do.”

Log in to today's North American session Market wrap for September 3 Today's session confirms the return of volatility ahead of Friday's US Labor data, as participants keep placing and unwinding their bets for the extremely consequential event. In that aspect, metals have been rallying massively since the past two weeks and that comes as Markets really start to be afraid about the FED's Independence (despite Governors and FED Speakers doing their best to calm the situation). Looking at Gold, the rally started after FED Chair Jerome Powell's switch in tone at his Jackson Hole speech: While every other asset classes have mean-reverted or ranged since, Silver, Gold, Platinum and other precious metals have rallied without pullback since. In today's speech, FED's Waller reiterated his dovish views for the upcoming FED meeting (September 18) and, knowing that he is one of the favorites to become the next FED Chair after Powell's departure (given that he doesn't get fired), he maintained very balanced views. He might really be the best for the job from what it seems. Read More:Hesitant equities and (maybe) better relations between US and Canada — North American mid-week Market updateGold Hits All-Time High Amid Flight to SafetyDow Jones forms rising wedge ahead of NFP and FED's Waller comments on rate cuts – what it means for the indexCross-Assets Daily Performance Cross-Asset Daily Performance, September 3, 2025 – Source: TradingView Except for metals, which continue to perform strongly (though gold saw some late-session profit-taking), the standout flows of the day came from a rebound in cryptocurrency altcoins, while oil — strong in recent sessions — lost momentum, falling 2.3% over the past 24 hours. A picture of today's performance for major currencies Currency Performance, September 3 – Source: OANDA Labs Today's price action in FX was focused around mean-reverting yesterday's moves: The US Dollar is back at the bottom while the Pound saw some relief mean-reversion. Overall, tomorrow's volatility is not a given (there are still a few key data releases to monitor), but currency markets should really see the action resume on Friday. Take a look at our latest Dollar Index (DXY) analysis to spot levels for the USD ahead of Friday's action. A look at Economic data releasing in tonight and tomorrow's sessions For all market-moving economic releases and events, see the MarketPulse Economic Calendar. As often, the session is not over yet for AUD traders who will have to monitor the Australian trade balance numbers, releasing this evening at 21:30. Tomorrow's session is promising in terms of fundamentals which may exacerbate anguish ahead of Friday: The early birds will assist to the European Retail sales data releasing at 5:00 A.M which may be interesting to see if things are picking up a while after the ECB cut rates back to 2%. However, the day really starts with the North American session: 8:15 (A.M. ET) will see the release of ADP private employment data followed by the weekly Jobless claims at 8:30. Later in the morning, the US will see Global PMIs (at 9:45 A.M.) followed by the heavier-influence ISM Services PMI at 10:00. To compliment the data, Markets are awaiting comments from FED's Williams (voter every year as he's the head of the NY FED) and FED's Goolsbee (2025 voter), two influential FED members. Keep an eye on any potential hints on Employment and their views for the upcoming FOMC. Safe Trades! 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.

Retire at 55 with $4 Million: Is It Enough? You worked for decades, you saved hard, and now you see a number with two commas. Four million. The culture says that is rich; your gut says, be careful. So can you retire at 55 with $4 million? It depends on how you live, where you live, and how much control you keep. Discipline wins, not slogans. Here is how to make smart choices with the levers you control. Retire at 55 with $4 Million: The Real Question People obsess over a headline figure. Four million looks big on paper, but paper is the point. What matters is purchasing power, sequence of returns, taxes, and how you spend. You are not retiring into a textbook; you are retiring into a world of policy mistakes, inflation surprises, and markets that move on headlines. The sober approach is simple: know your core annual spending, separate needs from nice-to-have, and stress-test that number against rough years, not just sunny ones. If your plan only works when everything goes right, it is not a plan. Time matters, too. At 55 you face a long runway—more life to enjoy and more risk to manage. Think health-care bridges before Medicare, tax rules that shift with Congress, and bear markets that do not ask permission. Four million can fund a calm life, travel, and generosity. It can also be chewed up by oversized houses, lingering debt, and the myth that spending equals freedom. Freedom is control. Choose accordingly. The Math You Can Control Run the spending math without the hype. Start with essentials—housing, health care, food, transportation, insurance, and those small bills that add up. Set a baseline you could maintain for 20–30 years. Then add wants—travel, hobbies, gifts, and grandparent adventures—in a separate bucket. Joy is allowed; denial is not a budgeting strategy. Withdrawals: Treat rules of thumb as guides, not commandments. A flexible draw that adjusts to markets often beats a rigid number. Taxes: Sequence withdrawals to minimize taxes; know which accounts to tap first. Allocation: Blend cash buffers for bad years, income from safer assets, and measured stock exposure for long horizons. Penalties: Understand early-withdrawal timelines and exceptions before you move money. What eats four million faster—markets or lifestyle? Usually lifestyle. Markets take a bite when you sell low; lifestyle takes a bite every day. The Costs People Underestimate at 55 Retiring at 55 unlocks time but creates a health-care gap. Private coverage or marketplace plans are real line items, especially for couples. Long-term care is not pleasant to consider, but ignoring it is not a plan. Housing is another lever: downsizing can turn an illiquid asset into flexibility; clinging to too much house can turn your nest egg into a renovation fund you never wanted. Debt follows you into retirement if you let it. Mortgages, car notes, and credit balances quietly tax every future choice. Clean them up on your timeline, not the bank’s. Family obligations matter, too. Many mid-fifties retirees help adult children and aging parents. That generosity is admirable—price it in. Build guardrails so help does not become an open ATM. Responsible beats reactive. Lifestyle and Location Drive Longevity of Money Anecdote 1: In Phoenix, a 56-year-old engineer ran the numbers with ruthless honesty. He cut the cable bundle, sold the idle second car, and moved one ZIP code over for lower property taxes. His four million stopped looking fragile. Anecdote 2: A retired nurse in Ohio kept the oversized house, paid contractors to maintain it, and carried a vacation property she used twice a year. The portfolio was large; the cash burn was larger. She adjusted—right call. Location is not just weather and restaurants. It is taxes, insurance, and health-care networks. Move once with intent and you can add five figures of margin to your annual plan. Stay in a high-cost bubble and you may face bigger cuts later. Define your core life, pick a place that supports it, and right-size housing. You will not remember granite upgrades in ten years; you will remember time with people you love. Income You Can Add Without Losing Your Life Some retirees like a floor under spending. That can come from pensions, delaying Social Security, or in some cases, simple annuities. The point is not to chase complexity; it is to cover non-negotiable bills with reliable income and let the portfolio handle the rest. Others choose part-time work they enjoy, seasonal consulting, or light rental activity. That is not failure; it is control. One day of work a week can cut your draw, protect principal in bad markets, and preserve your dignity. Cash reserves help, too. A modest buffer to live on during ugly markets keeps you from selling risk assets when prices are down. Keep fees low, complexity in check, and avoid leverage that promises more and often delivers regret. If a product is so dense you cannot explain it to a friend in plain English, it likely benefits the seller more than you. Why Many Savers Add Gold—Quietly and On Purpose You are retiring into a system that prints currency when pressure rises. You cannot control that—but you can choose assets that are indifferent to it. Gold has been money across empires, policies, and headlines. It does not promise yield, needs no board meeting, and carries no counterparty chain. If the dollar loses ground, what sits outside that system? The point is not drama; it is discipline. Many savers hold a measured allocation to physical gold as a store of value, not a get-rich scheme. Some use self-directed retirement accounts that allow approved bullion; others hold outside retirement accounts for simplicity. The shared idea is sovereignty—owning something that does not depend on another party’s solvency, with a degree of privacy baked in. Keep it modest, keep it simple, and let it work quietly. Fiat Risks vs. Gold Qualities Policy dilution and new supply at will vs. finite metal with no central issuer Counterparty chains vs. no counterparty risk Financial surveillance vs. discreet ownership and portability Market-panic correlations vs. a diversifier people reach for in stress Guardrails That Protect Your Four Million Set rules before day one of retirement. Cap fixed costs at a level you can cover even in down years. Use a spending range, not a single number—the floor covers essentials, the ceiling is your reward when markets are kind. Review annually, not weekly; constant tinkering taxes your peace of mind. Automate what you can—bill pay, savings (if applicable), and charitable gifts. Document your plan. In a partnership, both people should know the accounts, passwords, advisers, and rationale. Build an emergency file. Harden identity security: freeze credit and set account alerts. Scams target retirees because many skip these steps. Take an afternoon now; save years of headaches later. Two Short Scenes Worth Remembering Scene One: A couple retires at 55 with four million and a plan to see the world. One big trip a year, modest living at home. House paid off. Bikes upgraded. Morning walks together. They never touch principal in down years; they nudge the thermostat a degree and call it a win. Not frugal—intentional. Scene Two: Another couple retires with about the same number and no plan. Every invite, upgrade, and pitch gets a yes. They sell low in a scare, buy something complicated because the brochure was shiny, and rebuild the kitchen twice. Three years later they wonder where the money went. The difference is not luck; it is boundaries. Conclusion: A Calm Answer to a Loud Question Is four million enough at 55? For many, yes—if you keep control of the variables you control. Spend with intent, size your life to fit the plan, build income floors for essentials, and let markets handle the rest on your schedule. Add assets that do not rely on the system to behave—including measured gold for purchasing power and privacy. Do that, and you can retire at 55 with $4 million and live a life you truly own. The post Is $4 Million Enough To Retire At 55? first appeared on American Bullion.

Cardano’s founder, Charles Hoskinson, has clarified why the blockchain platform was excluded from a prominent US government initiative meant to publish official economic data on public blockchains. Blockchain networks like Ethereum, Solana, Avalanche, and Optimism made the cut; Cardano didn’t. Hoskinson revealed during a YouTube AMA that the reason wasn’t technical or regulatory, but it was grounded in economics. Specifically, he said the integration fee quoted by Oracle specialist Chainlink was absurd, which made Cardano’s participation really unfeasible. Chainlink’s Absurd Fee As one of the biggest blockchain ecosystems, Cardano’s inability to participate in the US government’s recent blockchain initiative to bring macroeconomic data onto the blockchain took many crypto participants by surprise. However, while speaking at a recent surprise AMA on his YouTube channel, Cardano founder Charles Hoskinson says the reason boils down to money. According to Hoskinson, the main reason was due to its pending partnership with Chainlink’s oracle integration, which is yet to be finalised because of the absurd fee charged by Chainlink. Hoskinson did not shy away from strong language: “They gave us an absurd number for integration. I said ‘f– it, we’ll handle it. We’ll figure it out,'” he said. Despite the frustration, he tempered his critique with respect. He described Chainlink co-founder Sergey Nazarov as “extremely smart” and “a very good businessman”, someone who “sees the future” and, in Hoskinson’s words, is “sitting on a golden egg”. Chainlink’s oracle solutions are very important for connecting smart contracts to real-world data. As such, Hoskinson’s metaphor acknowledges Chainlink’s powerful position in the blockchain ecosystem. How It Stalls Cardano’s DeFi Growth Without a cost-effective oracle integration, Cardano’s decentralized finance landscape has struggled to keep pace with other blockchain ecosystems. To put this into perspective, Ethereum’s integration with Chainlink has allowed large inflows into its DeFi ecosystem, with about $13.4 billion in Total Value Locked (TVL) added from between August 2 ($78.222 billion) and August 31 ($91.595 billion), according to data from DeFiLlama. Meanwhile, Cardano’s TVL broke below $400 million in August, and daily active addresses have also fallen massively. At the time of writing, Cardano’s TVL is sitting at $367.91 million. The result is a disconnect between Cardano’s on-chain activity and ADA’s price action, which witnessed a steady increase in August alongside the rest of the crypto market. Nonetheless, Hoskinson is still optimistic. Talks with Chainlink are ongoing, and he’s determined to find common ground with Chainlink. He also revealed discussions with the team behind the USD1 stablecoin and hinted at potential collaboration with Aave, which he described as part of a bundle. If USD1 (already launched on Ethereum, BNB, and Tron) comes to Cardano, it could become the ecosystem’s largest stablecoin. Combine that with oracle access and lending support from Chainlink, and Cardano could strengthen its DeFi foundations significantly. At the time of writing, Cardano is trading at $0.8307, up by 1.1% in the past 24 hours.

Hyperliquid is slowly building a name within the decentralized finance (DeFi) sector. In August, the platform recorded nearly $400 billion in perpetual trading volume and more than $106 million in revenue, according to DefiLlama. This milestone not only cements Hyperliquid’s dominance in the decentralized perpetuals market, where it now controls around 70% of market share, but also signals growing adoption by both retail and institutional investors. A key driver of this success is its proprietary HyperEVM blockchain, designed for speed, scalability, and zero gas fees. These features replicate the performance of centralized exchanges while maintaining DeFi’s transparency and user custody, making Hyperliquid an appealing alternative to platforms like Binance or Solana-based DEXs. Whale Activity and Market Sentiment Despite its strong fundamentals, HYPE, the platform’s native token, is facing volatility. Currently trading around $44, HYPE has retraced from the $51 mark but remains on track for a possible breakout. Analysts point to resistance at $48.73, with upside targets at $52, $55, and even $73 if bullish momentum persists. Whale activity has added intrigue to the token’s outlook. Recently, a whale deposited over $3 million USDC into Hyperliquid and opened a leveraged short against HYPE, sparking debate about near-term price action. While shorts suggest caution, derivatives data shows rising open interest and a slight long bias, hinting at sustained optimism among traders. Can Hyperliquid Become the Next “Killer App”? BitMEX co-founder Arthur Hayes has gone as far as calling Hyperliquid a “decentralized Binance,” projecting the HYPE token could rise over 100x if adoption keeps pace. The launch of a 21Shares Hyperliquid ETP on the SIX Swiss Exchange also signals mounting institutional confidence. Still, challenges remain. Hyperliquid has faced brief outages and accusations of whale manipulation in newly launched futures markets. To counter this, the team has implemented stricter safeguards, including tighter price caps and external data integrations. These moves aim to balance rapid growth with market integrity. With trading volumes surging, institutional adoption growing, and technical indicators hinting at a potential HYPE breakout toward $55, Hyperliquid stands at a defining moment. If it maintains momentum while addressing risks, it could cement itself as crypto’s next true “killer app.” Cover image from ChatGPT, HYPEUSD chart on Tradingview

Log in to our mid-week North American Markets overview, where we examine the current themes in North America and provide an overview of indices and currency performances. All markets have been waiting long for Friday’s Non-Farm Payrolls release (8:30 A.M. ET), as no other piece of data seems to count anymore. (Markets are still keeping an eye on inflation-led tariffs, of course, but it appears that Labor still takes the upper hand.) It seems that with the latest speech from Canadian PM's Mark Carney and some political micmacs, the relationship between him and US President Trump has been rebuilding, but markets are still awaiting for more. Since Friday, August 22nd, FED Chair Powell's speech at the Jackson Hole conference, Equity Markets have been holding strong amid a lack of diplomatic progress (wars don't affect markets too much these days). Another element that underlies stocks' resistance to fall is the bizarre Market atmosphere that is felt when looking at the ongoing skyrocketing price action in Metals. Yields are going up throughout the globe (down small today in the US), and metals are rising. This shows that the ongoing trade resembles another phase of currency debasing. Don't forget that metals are US dollar-denominated, and with the rangebound FX markets, these are direct fiat currency outflows – Monitoring gold purchases from Central banks and outflows from exchanges could be interesting for the period to come. By the way, before we tackle the charts of this mid-week recap, metals keep creating more craziness in markets with this anecdote: The London Metal Market delayed its open to 9:30 for mysterious reasons (probably the exchange or some big players being caught in awkward positions). Read More:USDJPY stays capped as BoJ Governor Ueda and PM discuss policy – Pre-NFP breakout levelsDow Jones forms rising wedge ahead of NFP and FED's Waller comments on rate cuts – what it means for the index Let's dive right into a few charts to get an overview on North American Markets, from US and Canadian equity Markets performance, USD and CAD performance to USDCAD and DXY charts. North-American Indices Performance North American Top Indices performance since last Monday – September 3, 2025 – Source: TradingView The TSX really keeps surprising to the upside every week – a very consistent performance. On the other hand, US markets are starting to feel more uncertain, all down around 1% since the past Monday (European markets are even worse, hurt by Yield and government uncertainties). Dollar Index 8H Chart Dollar Index 8H Chart, September 3, 2025 – Source: TradingView With neither fundamentals or technicals changing for the Greenback, I invite you to check up our (valid until Friday) US Dollar analysis. US Dollar Mid-Week Performance vs Majors USD vs other Majors, September 3, 2025 - Source: TradingView. The rangebound action in FX Markets can be quickly observed on the yoyos observed against all currencies – The US Dollar is consolidating since mid-August, still awaiting for more clarity on the extent and pace of upcoming rate cuts. A strong or even a decent beat NFP (+30K vs expectations or more) should heavily boost the Greenback. On the other hand, an as-expected to small miss should leave the Dollar consolidating/elevate slightly, while a larger miss (above -30K relative to exps.) should relaunch the USD Downtrend Canadian Dollar Mid-Week Performance vs Majors CAD vs other Majors, September 3, 2025 - Source: TradingView. Rebounding against every currency except for the Australian Dollar (which keeps surprising Markets with upside to their data), it seems that the Loonie has found another intermediate bottom. It had been struggling quite largely against its peers throughout August, dragged back down from the renewed wave of US Dollar weakness. Intraday Technical Levels for the USD/CAD USDCAD 8H Chart, August 27, 2025 – Source: TradingView The USDCAD price action is still looping in limbo trading, but one thing is for sure: A lot of positioning has happened around 1.38 (current trading) with this level potential acting as a magnet if fundamentals keep showing no progress. It will be, like for everything, up to US Dollar strength or weakness. A beat on the Canadian Employment might help sellers further but for now, the action is contained between 1.3750 and 1.3850. Watch for breakouts to both sides on Friday, while a failure to do so should strengthen the current range further. Levels to place on your USDCAD charts: Resistance Levels: 1.38 immediate resistance Zone (+/- 150 pips – Immediate resistance)1.3850 Main resistance1.3925 Aug 22 highs last Friday highsMay Highs 1.40185Support Levels: 8H MA 200 and 50-Day MA 1.3730Key longer-term pivot Zone 1.3750Main Support Zone 1.3675 to 1.3686 An invitation to check out our most recent USDCAD analysis as not much has changed since. US and Canada Economic Calendar for the Rest of the Week US and Canadian Data for the rest of the week, MarketPulse Economic Calendar The importance of Friday's Non-Farm Payrolls report can't be emphasized enough. An NFP preview will soon be published on our website so stay logged in! Canadian employment also gets released at the same time (Friday morning 8:30 ET). Later that day will see the release of Canadian Ivey PMI data (Friday 10:00 A.M.) Of course, don't forget tomorrow's US Services PMI data which seems to be losing a bit of traction as of late in terms of market movement – but always stay ready for surprises with such data. And stay in touch with the army of FED Speakers all the way to Friday afternoon. Safe Trades! 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.

Join OANDA Market Analyst Kenny Fisher, Nick Syiek (TraderNick) and podcast host Jonny Hart as they review the latest market news and moves. MarketPulse provides up-to-the-minute analysis on forex, commodities and indices from around the world. MarketPulse is an award-winning news site that delivers round-the-clock commentary on a wide range of asset classes, as well as in-depth insights into the major economic trends and events that impact the markets. 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.

Binance is once again in the spotlight as its native token, BNB, tests a crucial level after recently reaching fresh all-time highs. The momentum has been strong, with bulls showing resilience and holding price action above former resistance, now turned into support. This behavior signals the continuation of a broader bullish trend, one that has defined Binance’s performance through much of 2025. However, what makes this moment even more significant is not only the price but also the underlying fundamentals of the BNB ecosystem. Top analyst Darkfost highlighted a major milestone that underscores BNB’s growing adoption. The BNB Chain has officially crossed 650 million unique addresses—wallets that have carried out transactions on the network. This achievement is a true testament to the scale of Binance’s reach in the blockchain space and highlights the network’s growing importance in global crypto adoption. Such growth in user activity mirrors the strong price action seen this year, reinforcing the narrative that BNB remains one of the most widely used and trusted blockchains in the industry. With bulls defending critical levels and network adoption soaring, Binance now faces a pivotal stage that could determine the sustainability of its current bullish trend. Binance Adoption And Market Outlook According to Darkfost, Binance’s latest milestone of surpassing 650 million unique addresses is more than just a number—it is a testament to adoption, user activity, and the strong interest surrounding the Binance ecosystem. This achievement underscores how deeply embedded BNB has become within the broader blockchain space, solidifying its reputation as one of the most widely used networks globally. From a market perspective, Binance continues to stand out as one of the few altcoins that has already exceeded its previous 2021 all-time highs, doing so back in June 2024. This makes BNB unique compared to most other large-cap cryptocurrencies, which are still battling to reclaim their former peaks. Holding above these levels reinforces investor confidence and highlights the strength of its underlying fundamentals, especially given the network’s rapid adoption and consistent activity growth. Analysts broadly agree that the uptrend for BNB is intact and likely to continue if adoption metrics remain strong. However, there is a recognition that broader market conditions could still introduce risk. A potential correction across crypto markets could bring BNB back to retest lower support levels, even if its fundamentals remain solid. For now, the balance between bullish momentum and market-wide caution will define Binance’s short-term trajectory. BNB Price Testing Momentum After ATH The chart shows Binance Coin (BNB) trading around $853 after pulling back slightly from recent highs near $880. Despite the correction, BNB remains firmly above its key moving averages, with the 50-day SMA trending strongly upward and providing dynamic support around the $780–$800 region. This setup reflects a healthy bullish structure, with the coin consolidating after an extended rally. The breakout above $800 earlier in August marked a critical moment, pushing BNB into new all-time high territory not seen since June 2024. While short-term momentum has cooled, the higher lows established since mid-July suggest that bulls are maintaining control. For now, immediate resistance lies at $880, the recent peak, while support rests at $820 and further down at $780. If BNB holds above the $820–$800 zone, the bullish case remains intact, with a possible retest of the $900 level in the coming weeks. However, a break below $780 could invite a deeper correction toward $700, especially if broader market conditions turn risk-off. BNB remains one of the strongest large-cap performers, but volatility will likely persist as it tests this new range. Featured image from Dall-E, chart from TradingView

Gold prices have extended their weekly gains to 3.5% and also a seventh successive green trading day. With bond yields rising and interest rate cuts coming, market participants are facing a host of uncertainties. Add to the mix the renewed uncertainty around US tariffs with many of them ruled illegal by a Federal appeals court last Friday and market jitters are at a peak. Rate Cut Expectations Continue to Rise The current macro economic backdrop is a complicated one. Recent developments globally continue to point toward unfavorable scenarios from fiscal issues in Europe and Fed independence concerns in the US. Since Fed Chair Powell's Jackson Hole speech, rate cut expectations have continued to rise. Fed Chair Powell de facto admitted that employment risks have overtaken inflation concerns underlining the importance of Friday's jobs data. Most Read: GBP/USD Forecast: Cable Recovers but the Outlook Remains Murky. WIll NFP Data Serve as a Catalyst? It would take an extraordinary print to dampen market expectations significantly with the Fed expected to cut rates by 25 bps at the upcoming September 17 Fed meeting. LSEG data currently shows a 95% probability while the implied rate has also seen potential rate cuts climb from around 40 bps to around 57 bps through December 2025. Source: LSEG Any decision by the Fed may also come with a bit of controversy. Given that inflation remains well above the Fed target of 2% (despite comments by some Fed policymakers of a higher neutral rate moving forward), the discussion will be around whether the decision has been influenced by US President Donald Trump and the Feds independence. The constant attacks on the Fed by the Trump administration as well as the firing of Lisa Cook have raised many eyebrows. Gold ETF Inflows Soar, Geopolitical Risks Rise Market participants have been putting a lot of money into exchange-traded funds (ETFs) that are backed by gold. The SPDR Gold Trust GLD, which is the biggest gold ETF, reported that its gold holdings have gone up to 977.68 tons. This is a 12% increase for the year and the highest it's been since August 2022. While another factor aiding Gold's surge is increasing Geopolitical risk. The Russia/Ukraine situation continues to bubble as European leaders maintain a combative approach and President Putin continues to blame the West for the conflict. Comments this week from both Saudi sources and UAE sources around Israel and the occupation of Gaza City and potential annexation of the West Bank threaten further turmoil in the Middle East. “Annexation in the West Bank would constitute a red line for the UAE,” Lana Nusseibeh, Assistant Minister for Political Affairs at the UAE’s foreign ministry, said in a statement. “It would severely undermine the vision and spirit of (the Abraham) Accords, end the pursuit of regional integration, and would alter the widely-shared consensus on what the trajectory of this conflict should be – two states living side by side in peace, prosperity, and security.” These renewed risks are all adding to the current pot of risks which are brewing and keeping market participants on edge and safe haven flows strong. How far can this rally go? Well the NFP will give us an answer. A poor NFP print could increase expectations for a 50 bps cut which, no matter how unlikely, could inject further fuel to the Gold rally. A strong print will have an impact but unless it is something out of this world is unlikely to lead to a huge correction. The size and pace of the rally could see a surge in profit taking post NFP which should also be considered. Technical Analysis - Gold (XAU/USD) From a technical standpoint, it is very difficult to pick a top at the moment. Not to mention that the lack of historical price action makes it near impossible. In such cases and for Gold I tend to focus on the whole numbers (psychological) and the 25, 50, 75 areas as potential support resistance areas. What I mean is I look at 35753550 or 3525 etc. Looking ahead, the first point of interest will be the 3600 mark before the 3625 and 3650 areas catch my attention. Looking at the downside, it's a similar story. Gold (XAU/USD) Daily Chart, September 3, 2025 Source: TradingView (click to enlarge) Dropping down to a one hour chart for any help identifying short-term support areas. There was a spike and rejection twice around the 3546 area which rests just below an area I like which is 3550. Below that we have the 3527 spot and then the 50-day MA may come into focus which rests at 3515. Gold (XAU/USD) One-Hour Chart, September 3, 2025 Source: TradingView (click to enlarge) Client Sentiment Data - XAU/USD Looking at OANDA client sentiment data and market participants are Short on Gold with 69% of traders net-short. I prefer to take a contrarian view toward crowd sentiment and thus the fact that the majority of traders are net-short suggests that Gold prices could continue to rise in the near-term. 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.

The XRP price remains a major focus in the crypto market, with analysts and traders often debating its long-term trajectory. A fresh report from crypto exchange Changelly has provided a new perspective, offering detailed projections for XRP’s future performance. The report reveals when the cryptocurrency could finally surpass the $2,000 milestone, alongside expectations for short- and long-term price action. XRP Price Forecasted To Surpass $2,200 By 2040 According to Changelly’s latest price analysis released on September 2, XRP is projected to surpass $2,000 in November 2040. Analysts at the exchange forecast that XRP could hit a maximum price of $2,215 in December 2040, marking a period of sustained explosive growth. In the same year, the minimum price is estimated at $1,825, while the average trading level is anticipated to reach approximately $1,969. What makes this bullish forecast even more striking is that in the years leading up to 2040, XRP is expected to remain below $130. This suggests that the token could undergo an unprecedented growth spurt by the time it reaches $2,000, potentially surging between 1,430% and 73,979% from its projected 2026-2034 range. If a rally above $2,000 is realized, 2040 would be a transformative year for XRP, as it would mark the first time the token enters the quadruple-digit territory. Looking further ahead, Changelly projects that by 2050, XRP could climb even higher, reaching a maximum value of $2,840 by December. Analysts at the exchange expect the token’s average price in that year to stabilize around $2,604, while the minimum price could be approximately $2,485. While these projections suggest that volatility will remain a part of XRP’s performance, it’s overall growth prospects point toward a significantly higher valuation. Changelly’s XRP Price Forecast For 2025 While Changelly’s long-term price forecast highlights XRP’s explosive potential, its technical analysis for 2025 paints a more cautious picture. The exchange predicts that in 2025, XRP could decline to a minimum value of $2.49 and a maximum of $2.82, with an average trading price of $3.14. Currently, the cryptocurrency is trading at $2.83, meaning its growth for this year is expected to be limited. Changelly notes that XRP’s recent market performance has been relatively muted. It has declined by 3.65% over the past week after erasing about $0.05 from its value within the last month. This downturn has placed the cryptocurrency in a dip, with analysts interpreting it as a short-term buying opportunity. Technical indicators like the Moving Averages (MA) reinforce XRP’s bearish price action. Changelly notes that the 50-day MA is trending downward on the four-hour chart, pointing to weakening short-term momentum. The 200-day MA, which began declining in late August 2025, also signals ongoing pressure in XRP’s longer-term trend. The crypto exchange also highlights that XRP’s market sentiment is 60% bearish, with a Fear & Greed Index score of 49, signaling neutrality but edging toward fear.

The World Gold Council (WGC), in partnership with law firm Linklaters and Hilltop Walk Consulting, has released a white paper proposing a new framework for how gold is owned, traded, and used in financial markets. At the core of the proposal are Pooled Gold Interests (PGIs), which would allow investors to hold fractional, digital claims on physical gold stored in approved vaults. The system is designed to merge the security of allocated gold with the ease of trading associated with unallocated accounts, while reducing credit risk. PGIs would also be electronically transferable, opening the door for gold to be more widely used as collateral or margin. In today’s wholesale market, over-the-counter gold trades are settled in two main structures. The first is allocated gold, which gives investors direct ownership of specific physical bars but is operationally complex. The second is unallocated gold, which offers greater liquidity and lower costs but exposes investors to the credit risk of the institution holding the account. According to the World Gold Council, the proposed Wholesale Digital Gold ecosystem would bridge the gap between these two models. The plan builds on previous modernization efforts, including the Gold Bar Integrity programme, which applies blockchain technology to track the origin of gold bars and improve transparency. Gold price sets another record Gold extended gains to a new all-time high on Wednesday, powered by growing bets on a US interest rate cut, as the market weighs key economic indicators ahead of the Federal Reserve meeting in two weeks. Spot gold rose another $30 to $3,560.85 an ounce, setting records on back-to-back days. US gold futures also peaked at $3,627.70 per ounce in New York. Click on chart for live prices.

Bitcoin is once again at the center of market turbulence, trading just above the $110,000 level, which many analysts view as a critical zone of demand. While BTC is holding this support for now, volatility has surged as bears increase pressure and investor sentiment grows cautious. The market is closely watching whether Bitcoin can maintain its footing or if a deeper correction will unfold. One of the biggest factors fueling this uncertainty is the recent capital rotation from Bitcoin to Ethereum, a shift that has rattled Bitcoin loyalists. Ethereum’s resilience and whale accumulation have put BTC under additional scrutiny, raising fears that Bitcoin’s dominance in the market could weaken if the trend continues. Adding to the caution, top analyst Axel Adler highlighted fresh data showing a surge in BTC+ETH inflows to exchanges following Bitcoin’s all-time high of $124,000. At the same time, stablecoin inflows lagged significantly, signaling that the recent increase in supply on exchanges was not met with fresh liquidity. This imbalance often points to profit-taking and excess selling pressure. Bitcoin Inflow Ratio Signals Bearish Setup According to Adler, the recent weakness in Bitcoin is strongly linked to exchange flow dynamics. He points to the Inflow Ratio (BTC+ETH ÷ Stablecoins), a key indicator that measures the balance between major crypto inflows and stablecoin liquidity. Recently, this ratio spiked to 4.0×, coinciding with a wave of selling pressure and a noticeable price pullback. Adler explains this as a classic case of excess supply overwhelming fresh liquidity, a dynamic that has historically placed downward pressure on Bitcoin. Since then, the ratio has eased to around 2.7× on a 7-day moving average, and inflow volumes of majors have cooled to approximately $5 billion per day. While this marks an improvement from the extremes, it still signals that inflows of BTC and ETH are relatively high compared to the stablecoin capital available to absorb them. Simply put, there is not enough new demand flowing in to support sustained upward movement at current levels. Adler’s assessment suggests that Bitcoin remains in a bearish setup, with limited buying liquidity keeping rallies capped. However, he also cautions that crypto markets are highly dynamic, and trends can shift quickly. A sudden resurgence in stablecoin inflows or renewed institutional demand could reverse the current imbalance, sparking another bullish leg. For now, though, the data leans bearish, highlighting the importance of monitoring exchange flows as BTC navigates this critical phase. BTC Testing Pivotal Resistance Level Bitcoin is currently trading near $111,192, showing a modest recovery after last week’s volatility that pushed the price below $108,000. The chart highlights Bitcoin’s attempt to reclaim momentum, with the price hovering just above the 100-day SMA (green line at ~$111,737). This moving average now acts as immediate resistance, and BTC needs a clear breakout above it to signal strength. On the upside, the 50-day SMA (~$115,638) represents the next major barrier. If bulls manage to push above this level, it would open the path to retesting the local peak around $123,217, marked as a key resistance line. However, Bitcoin’s inability to sustain gains above the 100-day SMA in recent sessions suggests that sellers remain active. Support lies around $108,000, with stronger demand likely at the 200-day SMA (~$101,460). A breakdown below $108,000 could expose BTC to deeper losses, potentially dragging the price toward the psychological $100,000 level. Bitcoin remains in a consolidation zone, caught between major moving averages. A decisive move above $115,000 would tilt momentum bullish again, while a failure to hold current levels risks renewed selling pressure. Bulls must defend $108,000 to prevent further downside. Featured image from Dall-E, chart from TradingView

Indonesia’s planned operation to seize more than 1,000 illegal mining sites starting this month is unlikely to deliver “meaningful environmental gains” and will yield only a “modest boost to state revenues,” according to a new analysis from BMI, a Fitch Solutions company. The Indonesian government aims to transfer seized mining sites to state ownership, positioning the move as part of President Prabowo Subianto’s wider anti-corruption campaign. But BMI notes that the real motivation appears to be revenue recovery rather than ecological protection. The approach echoes a March 2025 crackdown on illegal palm oil farms, which critics said disproportionately affected smallholders and indigenous communities while sparing large corporate interests. Environmental watchdogs argue that Indonesia’s weak institutions, red tape and entrenched corruption have long hampered enforcement of resource regulations. These systemic issues are likely to limit the effectiveness of the crackdown, even as Jakarta seeks to upgrade its mining sector up the global value chain, where stronger governance credentials could attract more international partners and capital, BMI said. Corruption-linked polarization remains a flashpoint in public life. Recent unrest over high parliamentary housing allowances underscores the extent to which corruption-related controversies can spark broader protests, complicating policy implementation, it added. Still, despite the governance shortcomings, BMI forecasts Indonesia’s mining industry will continue to expand. The report suggests that economic imperatives will outweigh environmental, social and governance (ESG) considerations in the near term, leaving the sector’s sustainability profile weak compared with global peers.

India will adopt the Organization for Economic Cooperation’s (OECD) Crypto-Asset Reporting Framework (CARF) by 1 April 2027. This will not only enable automatic cross-border sharing of crypto transaction data but also tighten tax oversight on offshore holdings. Indian crypto exchanges and service providers will now collect and report customer and transaction data to local tax authorities. Data flows are expected to reveal crypto assets and activity on foreign exchanges and wallets held by Indian residents, hashing out compliance and transparency issues. India is known for its high crypto adoption, but it is struggling to put together an effective regulatory framework. New Delhi is looking for standardized crypto tax transparency. Yes. But the Indian government is also planning to sign a Multilateral Competent Authority Agreement tailored to CARF next year, in 2026, to legally enable these exchanges, separate from India ‘s existing 2015 pact for traditional financial accounts. According to local media reports published on 1 September 2025, legislative updates and systems integration are underway to meet the 2027 go-live timeline. EXPLORE: Top 20 Crypto to Buy in 2025 India, US Lead Cryptocurrency Adoption – Chainalysis Report According to Chainalysis’ recent study published on 2 September 2025, India stood first and the US stood second in crypto adoption across the world. “In 2025, APAC furthered its status as the global hub of grassroots crypto activity, led by India, Pakistan, and Vietnam, whose populations drove widespread adoption across both centralized and decentralized services,” the report stated. According to the study, total crypto transaction volume in APAC grew from $1.4 trillion to $2.36 trillion. It driven by robust engagement across markets like India, Vietnam, and Pakistan. Meanwhile, North America climbed to the second-highest regional position in the presence of regulatory momentum. This includes the approval of spot bitcoin ETFs and clearer institutional frameworks, that helped legitimize and accelerate crypto participation across traditional financial channels. According to the study, North America and Europe continue to dominate in absolute terms, receiving over $2.2 trillion and $2.6 trillion, respectively, in the past year. EXPLORE: Top Solana Meme Coins to Buy in 2025 India’s Crypto Tax Talks Add Momentum To Asian Crypto Policy Reforms The Central Board of Direct Taxes (CBDT), India’s direct tax authority, has reportedly consulted domestic crypto platforms regarding its current virtual digital asset (VDA) framework. Industry insiders revealed that the CBDT questioned the effectiveness of the current taxation system on crypto and sought input on whether they require a standalone legal regime. The focus seems to be on the 1% tax that authorities deduct at source (TDS) on crypto trades, the restrictions on loss offsetting, and the ambiguity around offshore transactions. The CBDT further requested inputs regarding the shortlisting of government agencies that would oversee the development of the new crypto framework. Read More: Asian Crypto: Policy Shifts and Blockchain Moves Key Takeaways India’s adoption of CARF follows years of tightening oversight of digital assets, now extending to offshore holdings that have historically been difficult to track. Reports indicate CARF will extend to exchanges, brokers, and relevant wallet providers, and cover assets such as stablecoins, derivatives, and some NFTs, aligning with OECD technical guidance for comprehensive reporting. The post India Joins OECD: Will Begin Sharing Crypto Transaction Data By 2027 appeared first on 99Bitcoins.

According to market reports, two ETF decisions are coming up in October. Grayscale faces an Oct. 18 deadline, while Canary is set for Oct. 24. A Polymarket poll, which has roughly $150,000 in assets, shows approval odds rising to 87% from an August low of 64%. Some traders say those odds are helping prices because investors expect the US regulator to wrap up multiple ETF filings around the same time, as was the case with spot Bitcoin and Ethereum approvals earlier this year. Market Flows And Demand Data Reports have disclosed strong flows into crypto funds, and analysts point to those moves when discussing potential XRP demand. XRP rose 3% on Tuesday to $2.80, pulling back from this week’s low of $2.68. The move trimmed part of a slide that has pushed the token about 23% below its year-to-date peak of $3.6654. Traders told market watchers they were watching the pair of ETF deadlines on the calendar as one reason for the bounce. Spot Bitcoin ETFs have taken in over $54 billion in inflows, while Ethereum funds show about $13 billion. Existing XRP-related ETFs from providers such as Teucrium and ProShares have pulled in millions in assets, according to filings and industry commentary. The newly launched CME futures for XRP reached more than $1 billion in open interest quickly, a pace that has been noted by some market participants as a sign of appetite for XRP trading exposure. Technical Setup Points To A Possible Breakout XRP fell from a July high of $3.66 to roughly $2.80 recently. That drop is being read by some technicians as part of a falling wedge pattern, which many chart readers view as a bullish formation. Risks Remain Meanwhile, regulatory timing is uncertain. The US regulator has postponed related ETF decisions multiple times, and another delay is possible. Broader market weakness could blunt demand even if approvals arrive. Reports and market commentaries caution that past outcomes for Bitcoin and Ethereum do not automatically guarantee identical results for XRP, given differences in market structure and history. What Traders Are Watching According to exchange data and polls, sentiment has shifted toward a higher chance of approvals, and that shift appears to be supporting price action this week. Still, traders say it will take clear confirmations — either from regulatory filings or strong fund flows — to extend gains beyond the current bounce. For now, XRP sits between support near $2.68 and the $4 target that would signal a more sustained move higher. Featured image from Meta, chart from TradingView