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Crypto sits at the heart of Ray Dalio’s new message. On September 3, 2025, the Bridgewater Associates founder published a point-by-point rebuttal to what he called the Financial Times’ “mischaracterizations,” releasing the full written Q&A he says he provided to the paper. The exchange restates his “Big Debt Cycle” framework and argues that rising US debt burdens, risks to Federal Reserve independence, and mounting geopolitical fractures are eroding the dollar’s role as a store of wealth—conditions that he says are boosting gold and crypto. Why Crypto Is An “An Attractive Alternative” Dalio frames the US fiscal position as late-cycle and dangerously self-reinforcing. “The great excesses that are now projected as a result of the new budget will likely cause a debt-induced heart-attack in the relatively near future—I’d say three years, give or take a year or two,” he wrote. He quantified the near-term squeeze in stark terms, citing “about $1 trillion a year in interest” and “about $9 trillion needed to roll over the debt,” alongside roughly “$7 trillion” in spending versus “$5 trillion” in revenues, requiring “an additional roughly $2 trillion in debt.” That expanding supply, he argued, collides with weakening demand when investors question whether bonds “are good storeholds of wealth.” The fulcrum, in Dalio’s telling, is now the Federal Reserve. If political pressure undermines the central bank’s independence, he warned, “we will see an unhealthy decline in the value of money.” Should a “politically weakened Fed” allow inflation to “run hot,” the consequence would be that “bonds and the dollar [go] down in value” and, if not remedied, becoming “an ineffective storehold of wealth and the breaking down of the monetary order as we know it.” He linked this to a broader late-cycle pattern: foreign holders “reducing their holdings of US bonds and increasing their holdings of gold due to geopolitical worries,” which he called “classically symptomatic” of the endgame. Dalio connected the macro and political strands to a more interventionist policy backdrop, referencing actions “to take control of what businesses do” and likening the current phase to the 1928–1938 period. He did not pin the dynamic on a single administration—“this situation has been going on for a long time under presidents from both parties”—but said post-2008 and especially post-2020 policies accelerated it. “The interaction of these five forces will lead to huge and unimaginable changes over the next 5 years,” he added, listing debt, domestic politics, geopolitics, acts of nature, and technology (with AI most important) as the drivers. Within that late-cycle schema, Dalio placed crypto squarely in the “hard currency” bucket. “Crypto is now an alternative currency that has its supply limited,” he wrote. “If the supply of dollar money rises and/or the demand for it falls, that would likely make crypto an attractive alternative currency.” He tied the recent “rises in gold and cryptocurrency prices” to “reserve currency governments’ bad debt situations,” and reiterated his long-running focus on “storeholds of wealth.” On whether crypto could “meaningfully replace the dollar,” he emphasized mechanics over labels, noting that “most fiat currencies, especially those with large debts, will have problems being effective storeholds of wealth and will go down in value relative to hard currencies,” a pattern he said echoed the 1930–1940 and 1970–1980 episodes. Dalio addressed crypto stablecoin risk in that context, separating asset price drawdowns from systemic fragility: “I don’t think so,” he said when asked if stablecoins’ Treasury exposure is a systemic risk, adding that “a fall in the real purchasing power of Treasuries” is the real hazard—mitigated “if they are well-regulated.” He also rejected the notion that deregulation alone threatens the dollar’s reserve status: “No,” he said, pointing again to debt dynamics as the primary vulnerability. Dalio’s latest remarks fit within a decade-long evolution of his public stance on Bitcoin and crypto rather than a whiplash reversal. Early on, he emphasized gold as the superior “storehold of wealth” and warned that if Bitcoin ever became too successful, governments might restrict it—tempering enthusiasm with regulatory risk. By 2020–2021 he began calling Bitcoin “one hell of an invention,” acknowledged owning a small amount, and increasingly framed it as a portfolio diversifier that rhymes with digital gold, while still stressing its volatility and policy sensitivities. With his latest remarks, Dalio puts the entire crypto market inside the monetary hierarchy he uses to analyze late-cycle dynamics. At press time, the total crypto market cap stood at $3.79 trillion.

Gold extended gains to a new all-time high on Wednesday, powered by growing bets on a US interest rate cut this month, while the market weighs key economic indicators ahead of the Federal Reserve meeting in two weeks’ time. 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. The rally comes amid increased expectations that the Fed will cut rates later this month, especially after Chair Jerome Powell’s recent comments hinting at this outcome. A monetary easing would boost the appeal of gold, as the metal yields zero interest. “Gold’s rally has room to run, with short to medium-term targets around $3,600 to $3,800, and the breakout pattern suggesting $4,000 could be within reach by late first quarter next year,” said Peter Grant, vice president and senior metals strategist at Zaner Metals. According to CME Group’s FedWatch tool, traders are pricing in a 92% chance of a 25-basis-point rate cut at the Fed’s September policy meeting. In the short term, investors are keeping a close watch on a series of key US labor market indicators due this week, including job openings on Wednesday, weekly jobless claims and ADP employment on Thursday, and Friday’s non-farm payrolls report. If the upcoming payrolls report comes in weaker than expected, that would strongly seal the case for a 25-basis-point rate cut in September, Grant added. Concerns mount On Wednesday, Fed Governor Christopher Waller repeated his call for a September rate cut, and said that how fast the central bank cuts after that will depend on what happens next in the economy. Meanwhile, his peer Lisa Cook continues to legally challenge US President Donald Trump’s bid to remove her from office, in the latest episode of drama fueling uncertainty over the Fed’s independence. “Growing concerns over the independence of the US central bank are further undermining trust in dollar-denominated assets and pushing investors toward gold,” traders at Heraeus Metals said. In a note issued Wednesday, analysts at BMO Capital Markets also pointed to mounting concerns over sovereign debt levels in Western countries as another major factor driving a flight to safety in gold. (With files from Reuters)

US indices just concluded a decent month after a scary monthly open, with the Dow Jones up 3.44% in August. With this month commencing, participants are expecting high volatility ahead. Traders can remember how volatile the prior day to the July NFP and the actual release were – Looking at the state of current state of Markets, a calm before the storm situation is looming. Indeed, with the pricing of rate cuts still subject to change, Markets are still expecting some change in stance: there is just a bit more than 2 FED cuts priced in towards the rest of the year. (a little fundamental parenthesis before the Dow Jones charts) FED's Waller, who is one of the appointees to replace Jerome Powell in May 2026 and made headlines for his dovish comments ahead of the prior month Labor data release, appeared again this morning mentioning that the FED should start cutting soon "because usually when the labor market turns bad, it turns bad fast". He wants to get ahead of the curve there, understandably when looking at the actual US Job growth the past three months. The JOLTS job openings data recently releases below expectations 7.181M vs 7.378M expected – which may further shows signs of deceleration in the labor market. Waller did emphasize that he wouldn't know how much fast the FED would get to neutral (100 to 150 bps are his estimates) and that tariffs were still a tax on US citizens — He still maintained a neutral tone, surely to not hurt his future job opportunities prospects. Christopher Waller is currently the favorite for the Chair in May 2026. Current betting odds on who will be appointed as FED Chair, September 3, 2025 – Source: Kalshi Anyways, let's tackle the multi-timeframe analysis for the Dow. Read More: Why are government bond yields rising so much as of late?Dow Jones multi-timeframe analysisUS 30 Daily chart – concerns about the Rising Wedge? Dow Jones Daily Chart, September 3, 2025 – Source: TradingView Ahead of Friday's Non-Farm Payrolls release Equities are trading mixed, with only Google demarking from its peers (up a staggering 8.53% as I'm writing this). Only Nasdaq is up a decent amount today with more profit-taking happening in the Dow Jones and the S&P 500 trading mixed. The Dow Jones is currently selling off (still not too harshly) – One of the technical elements to be wary about, is the formation of a daily Rising wedge which tends to form the end of uptrends. Fundamentals still have the chance to break the pattern after NFP, and for that, bulls will have to break above the wedge highs. RSI momentum is heading downwards but do keep in mind that above 45,000 and the 50-Day MA (44,630), the current trend is still firm. US 30 4H chart Dow Jones 4H Chart, September 3, 2025 – Source: TradingView The Dow is trading mixed in today's session, held within the key 45,000 Pivot Zone located between the psychological level and the 45,285 previous all-time highs. Awaiting for a change to the fundamentals, traders are holding their breath Levels of interest for Dow Jones Trading: Resistance Levels 4H 50-period MA 45,420Current All-time high 45,764ATH Resistance Zone 45,700 (+/- 150 pts)1.618 Fibonacci-Extension for potential ATH resistance 46,260Support Levels Previous ATH resistance zone, now pivot 45,000 to 45,280 (daily highs)45,000 psychological level and low of rising wedge44,400 to 44,500 Main SupportUS 30 1H Chart Dow Jones 1H Chart, September 3, 2025 – Source: TradingView After forming a short-term double-top, the Index has corrected slightly with prices forming sideways momentum. A tight range (45,288 highs – 44,916 lows) is forming ahead of Friday's key release, however, days before labor data tend to see strong moves as certain traders place bets while others close positions. Look for breakouts above or below the tight range for pre-NFP volatility, and keep an eye on the Daily rising wedge. 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.

Copper prices pulled back on Wednesday after briefly touching their highest levels since late March in London, as traders balanced concerns over supply with an uncertain demand picture from China. On the London Metal Exchange, copper climbed as much as 0.6% to $10,038 a tonne before easing 0.1% to $9,967 by 11:22 a.m. Shanghai time. The red metal gained 3% in August and remains up about 14% so far this year. In the US, COMEX futures were steady, with the most-active contract slipping 0.14% to $4.638 per pound ($10,203/t) on Wednesday morning. Click on image for live updates China concerns A weaker US dollar and the prospect of interest rate cuts have underpinned prices in recent weeks. But the market remains focused on China where signs of slowing industrial activity are raising doubts about demand. China’s official factory gauge for August pointed to a rapid contraction amid subdued demand, while analysts including Goldman Sachs have flagged softer conditions in the second half of the year. Still, some observers are more optimistic. Higher import premiums, relatively low inventories for this time of year, and potential supply constraints are lending support. Several Chinese smelters are scheduled to undergo maintenance in September, according to Jia Zheng, head of trading at Shanghai Soochow Jiuying Investment Management Co. “With reduced supply and stable demand, inventory levels are expected to decrease, which will support upward price moves,” Jia said in a text message. Market recovery Copper has staged a strong recovery after earlier turbulence linked to global trade tensions. Inflows of material to the US ahead of tariffs have tightened supplies elsewhere, keeping US futures at a premium over LME prices. The market now faces a tug of war between supportive supply-side dynamics and uncertainty over whether China’s economic slowdown will curb demand growth through the remainder of 2025. (With files from Bloomberg)

Crypto analyst Jonathan Carter has alluded to a technical pattern for Shiba Inu, which points to a breakout to the upside. Based on this, he predicted that the meme coin could soon break above the psychological $0.00002 level, which could pave the way for higher prices. Shiba Inu Confirms Descending Channel Breakout In an X post, Carter said that the Shiba Inu descending channel breakout has been confirmed. He noted that the meme coin has successfully broken above the descending channel and is currently consolidating just below the MA 50 on the daily timeframe. Based on this, the analyst indicated that SHIB could record a rally of over 100%. This came as Carter stated that a move above this MA could trigger an explosive rise toward targets at $0.00001400, $0.00001750, $0.00002050, and $0.00002500. Meanwhile, his accompanying chart showed that Shiba Inu could rally further to $0.000033 if it successfully breaks above $0.000025. However, the $0.000033 level will mark a huge resistance for the meme coin. Notably, crypto analyst Javon Marks recently predicted that Shiba Inu could record a rally of over 163% to the $0.00003 range. He stated that the SHIB price had formed a bullish pattern in a regular bull divergence, which the MACD Histogram confirmed. Based on this, he declared that a reversal was on the horizon, with the meme coin rallying to the upside. These bullish predictions come amid a bearish sentiment toward the Shiba Inu price. The meme coin has underperformed the broader crypto market and is down over 42% year-to-date (YTD). However, crypto analyst Shib Spain is still bullish on the meme coin. He stated that the longer the meme coin’s accumulation continues, the more powerful the explosion will be. SHIB At Crossroads At The Moment In a TradingView post, crypto analyst CobraVanguard suggested that the Shiba Inu price is at a crossroads at the moment. This came as he highlighted a triangle pattern, which he stated would break in the direction it is breached, and the price would then move in that direction. His accompanying chart showed that $0.000012251 is the key level to watch out for as the meme coin decides its next move. A breakdown below this price level could send Shiba Inu to as low as $0.000011269. Meanwhile, a successful break above this level could send the meme coin to as high as $0.000014183 in the short term. This marks one of the price levels that Carter mentioned as SHIB eyes a rally above the psychological $0.00002 level. At the time of writing, the Shiba Inu price is trading at around $0.00001240, up in the last 24 hours, according to data from CoinMarketCap.

Brazil’s competition authority has launched an investigation into Anglo American’s plan to sell its nickel operations in the country to China’s MMG for up to $500 million. The probe, first reported by the Financial Times, stems from a complaint filed by CoreX Holding, a global industrial group and direct competitor in the region. Anglo announced in February it would sell its Brazilian nickel mines to MMG, a Hong Kong–listed company controlled by state-owned China Minmetals. The deal is expected to close this quarter. CADE, the Brazilian watchdog, said it opened an Administrative Procedure for Investigating an Act of Economic Concentration based on the complaint. The agency noted, however, that the probe does not automatically imply the transaction will be blocked. Anglo declined to comment. CoreX and CADE did not respond to MINING.COM’s requests for further information. Scrutiny in Brazil follows pressure in the United States, where the American Iron and Steel Institute urged Washington to intervene. The industry body argued that MMG’s acquisition would give China direct influence over sizeable nickel reserves, strengthening its hold on a metal critical for electric vehicle batteries and stainless steel. Anglo’s Brazilian mines produce ferronickel primarily for stainless steel producers, with Europe a key market, according to MMG. Setbacks in Anglo’s restructuring The nickel sale is part of Anglo’s wider divestment strategy after it spun off its platinum business in May, now knowns as Valterra (JSE: VAL). In July, the miner classified its nickel and steelmaking coal assets as discontinued operations, with sales agreed but not completed. The company’s streamlining plan comes in the wake of a failed takeover bid by BHP (ASX: BHP). But progress has faltered. A $3.8 billion deal to sell its Australian coal portfolio collapsed last month after Peabody Energy (NYSE: BTU) walked away. Anglo is also weighing options for its loss-making De Beers diamond business, including a possible sale or listing.

Bitcoin is once again testing a critical support zone, and speculation is whether September’s weakness will mark a turning point. With historical patterns often showing September dips followed by strong Q4 rallies, the market now faces a pivotal moment that could decide the next major move. Bitcoin Returns To The Bull Market Support Band In his latest update on X, Benjamin Cowen highlighted that Bitcoin recently touched the bull market support band just a few days before September officially began. This level has historically acted as an important pivot zone, where the bulls often attempt to hold the line and defend broader market structure. Maintaining strength above this band could play a vital role in preserving bullish sentiment. Related Reading: Bitcoin Price Recovery Hopes Rise – Can Bulls Push It Past Resistance? He explained further that August established a local high, suggesting that September may be shaping up to form a local low. In his analysis, this type of alternating cycle between highs and lows is common in Bitcoin’s price behavior, especially during transitional phases of the market. Benjamin Cowen also pointed out that the beginning of September already saw Bitcoin trading lower than any level observed in August. This underlines how quickly market conditions can shift, with price action flipping from bullish in late summer to more cautious as the new month begins. The analyst stated that the best-case scenario would be if Bitcoin’s monthly low had already been established on September 1st. If that is the case, bulls could regain confidence sooner rather than later, stabilizing price action around the bull market support band. Such development would enable a healthier market structure and potentially lay the groundwork for another leg higher as the month progresses. Historical Cycles Suggest Q4 Upside If Support Holds In his analysis, Benjamin Cowen explained that the ideal scenario for Bitcoin would be to hold steady at the 20-week Simple Moving Average (SMA) throughout September. He noted that in previous bull cycles, including 2013, 2017, 2020, and 2021, Bitcoin successfully maintained this level before climbing to new highs in Q4, making it a key historical pattern to watch. Related Reading: Bitcoin In Trouble? Exchange Reserve Spikes To Highest In Months Cowen further emphasized that if Bitcoin fails to sustain the 20W SMA, attention should shift to the 50W SMA, which has consistently served as a strong foundation during the ongoing bull market. This level remains a crucial safety net for maintaining broader bullish momentum, even if short-term weakness emerges. As of September 3, 2025, Bitcoin is trading around $111,053, up 0.83% over the past 24 hours, with an intraday high of $111,716 and a low of $108,505, showing moderate volatility. The 24-hour trading volume is approximately $73.2 billion, reflecting healthy market activity, while Bitcoin’s market capitalization stands at about $2.22 trillion, solidifying its position as the leading cryptocurrency.

Gold at record high: Gold surged to $3,549.66/oz, up 33% in 2025, as investors seek safe-haven assets amid global uncertainty. Fed policy drives momentum: Expectations of U.S. Federal Reserve rate cuts and political interference fears boost precious metals demand. Silver outshines gold: Silver breaks $40/oz for the first time since 2011, up 40% YTD, fueled by industrial demand and tight supply.Gold Hits All-Time High Amid Flight to Safety Gold prices reached a new all-time high of $3,549.66 per ounce, reflecting a broader trend of growing investor appetite for safe-haven assets amid worsening sentiment in global equity and bond markets, and rising political and economic uncertainty. In just the past seven trading sessions, gold has climbed by over 5%, and since the beginning of the year, the metal has gained more than 33%, making it one of the best-performing assets of 2025. Daily chart of Gold, source: TradingView Fed Rate Cut Expectations Fuel Momentum The rally in gold is primarily driven by expectations of an upcoming rate-cutting cycle by the U.S. Federal Reserve, which enhances the attractiveness of non-yielding assets like gold. Investors are also reacting to growing concerns about the Fed’s independence — President Trump has reportedly considered removing one of the central bank’s board members, raising fears about the future direction of monetary policy. Additional uncertainty stems from fiscal instability in developed economies and ongoing geopolitical tensions, both of which are pushing capital toward precious metals. Probabilities of changes to the Fed rate, as implied by 30-Day Fed Funds futures prices., source: CME FedWatch Tool Silver Outpaces Gold on Industrial and Investment Demand Silver has shown an even more impressive performance, breaking above $40 per ounce for the first time since 2011. Year-to-date, silver is up by approximately 40%, outperforming gold both in terms of return and demand dynamics. Beyond macroeconomic factors, silver is also benefiting from robust industrial demand, particularly in the green technology sector — including solar panels and other renewable energy components. The physical silver market is facing its fifth consecutive year of supply deficit, which is fueling investor interest in silver-backed ETFs. Shrinking inventories in London vaults and persistently high leasing costs (around 2%) point to tight physical availability of the metal. In the near term, the precious metals market is expected to remain highly sensitive to political and macroeconomic developments. Investors are awaiting a ruling by the U.S. Supreme Court on the legality of removing a Fed board member, as well as the announcement of a new nominee for Fed Chair — Jerome Powell is set to step down in May 2026. Upcoming U.S. labor market data will also be crucial in shaping the Fed’s next monetary policy moves. Adding to the uncertainty is the ongoing trade dispute, with President Trump announcing plans to appeal a court decision that ruled parts of existing tariffs illegal — a move that could further escalate global trade tensions. Daily chart of Silver, source: TradingView 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.

Dogecoin’s backers moved quickly this week to create what they call the first official DOGE treasury, pushing $175 million into a vehicle aimed at buying Dogecoin and bringing more institutional muscle to the token. According to reports, the fund was set up through a private placement that issued 175,000,420 pre-funded warrants priced at $1 each, a structure meant to provide immediate capital for purchases. The plan has drawn big-name crypto firms and traditional investors. Funding And Structure Based on reports, the financing raised $175 million in total. Over 80 institutional and crypto-native investors are said to have taken part, with names like Pantera, GSR, FalconX, Mythos and Borderless listed among participants. The offering is expected to close around September 4, 2025, subject to regulatory approvals and the formal listing of the new warrants. The company tied to the move is CleanCore Solutions, which will house the program alongside a commercial arm called House of Doge. Markets reacted fast. CleanCore’s share price fell about 60%, sliding from roughly $6.85 to near $2.69 after the arrangement was disclosed. That drop reflected investor worries about dilution, execution risk, and how public markets would view a corporate play centered on a meme token. Trading in the warrants and the conversion mechanics were flagged by analysts as key details investors will watch closely. Leadership And Governance Reports have disclosed a noteworthy lineup of people and advisors. Alex Spiro, who has been publicly identified as an attorney for Elon Musk, is named to serve as Chairman of the Board at CleanCore. Timothy Stebbing, Director at the Dogecoin Foundation and CTO of House of Doge, will join CleanCore’s board, while Marco Margiotta, CEO of House of Doge, is slated to act as CleanCore’s Chief Investment Officer. The crypto-ETF firm 21Shares will advise on governance, capital allocation and strategy for the treasury. Those moves were described in filings and press releases tied to the deal. The effort aims to move Dogecoin from pure meme status toward something that can be held in a corporate reserve and used for payments, tokenization efforts, and other financial uses. According to statements circulating with the financing documents, the treasury would buy DOGE with the raised capital and could help create institutional-grade products around the token. Details about custody, trading rules and how purchases will be executed were not fully spelled out in initial disclosures. Featured image from Meta, chart from TradingView

US market regulators have jointly clarified that registered exchanges are not barred from listing and facilitating trading in certain spot crypto commodity products. The Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) joint statement made on 2 September 2025 said that registered exchanges, including National Securities Exchanges (NSEs), Designated Contract Markets (DCMs), and Foreign Boards of Trade (FBOTs), are not prohibited from trading of “certain spot commodity products” in crypto. “Market participants should have the freedom to choose where they trade spot crypto assets,” said SEC Chairman Paul Atkins. “The SEC is committed to working with the CFTC to ensure that our regulatory frameworks support innovation and competition in these rapidly evolving markets.” Does the clarification remove a perceived legal barrier for some of the largest US trading venues to list spot crypto markets? Yes. It potentially also unlocks direct participation from major brokerages that pipe orders to these exchanges. But more importantly, it indicates a policy shift towards onshoring digital asset market activity under coordinated SEC-CFTC oversight. Explore: Best Meme Coin ICOs to Invest in September 2025 SEC, CFTC Initiative Is Part Of SEC’s Project Crypto And CFTC’s Crypto Sprint The statement read – This initiative is part of the SEC’s Project Crypto and the CFTC’s Crypto Sprint, and it builds on the recommendations of the President’s Working Group on Digital Asset Markets report on ‘Strengthening American Leadership in Digital Financial Technology.’ Importantly, the SEC-CFTC joint statement could resolve a long-standing gray area that discouraged many traditional venues for launching spot crypto markets. However, there is clear investor demand for regulated access points. “Under the prior administration, our agencies sent mixed signals about regulation and compliance in digital asset markets, but the message was clear: innovation was not welcome. That chapter is over,” said CFTC Acting Chairman Caroline Pham. DISCOVER: Best New Cryptocurrencies to Invest in 2025 SEC-CFTC Launch Crypto Sprint To Reform US Regulations In August 2025, the CFTC launched a “crypto sprint.” Acting Chair Caroline Pham confirmed that the CFTC is teaming up with the SEC to fast-track parts of Trump’s crypto roadmap. This move follows a White House report that outlines a vision for the US to become the “crypto capital of the world.” The CFTC approved around-the-clock trading and greenlit perpetual futures on regulated platforms. It also rolled back some older internal guidance that many felt held the industry back. Additionally, the agency hosted its first-ever Crypto CEO Forum, providing industry leaders with a direct line to regulators. Talks have already started about launching pilot programs that support tokenization and on-chain market infrastructure. The SEC launched its own initiative called Project Crypto. The goal is to update the securities rulebook for a digital world. This includes offering clarity around how tokens should be classified. It improves access to capital through tools like airdrops and ICOs. Also, it makes it easier to issue tokenized versions of traditional assets. Read More: CFTC and SEC Launch Crypto Sprint to Reform U.S. Regulations Key Takeaways The joint statement is an inflection point for US crypto market structure. It clarifies that rules already on the books can accommodate spot crypto trading at scale. Filings and consultations are now expected from leading exchanges. They translate the staff views into concrete listing proposals for spot crypto markets. The post SEC-CFTC Collaborate: Will It Clear Path For Spot Crypto Trading On Major US Exchanges? appeared first on 99Bitcoins.

Crypto analyst Kevin (Kev Capital TA) argues that altcoins are replaying the same structural script that preceded the 2021 “altseason,” this time on the ratio of the altcoin market cap excluding Ethereum and stablecoins versus Bitcoin (often proxied as “Total3/BTC”). In a video posted late on September 2, he contends that confluence across weekly and monthly timeframes—on both linear and logarithmic scales—shows a Wyckoff-style bottoming process culminating in a “spring” and range reclaim, with momentum and breadth indicators lining up the way they did ahead of the 2021 surge. Altcoins Gear Up For Major Run Kevin frames the current moment as a direct analogue to the last cycle’s transition from despair to acceleration, emphasizing that the structure, not headlines, came first then as now. “We are seeing weekly time frame, monthly time frame historical setups,” he said, adding that the weekly linear chart of Total3/BTC has retraced into an accumulation range, pierced support in a capitulation-style flush, and then reclaimed the range—what he calls a “spring phase” that “led to the 2021 alt season.” The sequence, he argues, is strikingly similar to the 2018–2020 base that ultimately exploded higher in 2021 after the market “gave up” on altcoins. The analyst is explicit that this setup is conditional on macro “ingredients” that enable risk to be repriced. “We are going to need to see lower inflation or flat inflation, a softening labor market but not a crashing labor market, and softening growth but not crashing growth,” he said. That mix, in his view, would allow the Federal Reserve to shift the balance of risk toward employment, pull down the two-year yield, lift rate-cut expectations, and perhaps curtail the “last little bit” of quantitative tightening—“maybe even have a neutral to expanding balance sheet.” With “a lot of macro data coming over the next three weeks” and the FOMC set for September 17, he argues Q4 is the critical window. “It’s all lining up right now… we just need that last push.” On the weekly linear timeframe, Kevin points to indicator symmetry with the 2021 liftoff. He cites a fresh weekly buy on Market Cipher and says its “money flow” profile is tracing the same contour as the prior cycle’s spring. He adds that “whale money flow bottomed out at the exact same level as it did in 2021,” the MACD “crossed to the upside at the exact same level,” and the stochastic RSI has already surged to 96. In 2021, he notes, “once we broke the 80 level and stayed above it… you got your most aggressive price action.” The implication is that a push toward the “100 level” could coincide with the period of maximum upside impulse, as it did during the last cycle’s early thrust. He then zooms out to the monthly log chart of Total3/BTC, where he locates what he describes as an eight-year support band around “the 0.27 to 0.24 area,” a long down-trendline of resistance now meeting “a higher low structure,” and a momentum backdrop he characterizes as classically divergent. On Market Cipher’s monthly momentum waves, “higher lows, higher lows, higher lows, while price action made lower lows… that is a bullish divergence,” he said, stressing that this signal is most potent at major historical supports. The monthly RSI, he adds, appears to be “peeking our heads out” of a multi-year downtrend channel for the first time since the 2021 top. Meanwhile, the monthly stochastic RSI has carved a “full-blown V-shaped turn” up from near zero but has “hasn’t even come close to breaking the 80 level yet,” which in his framework is precisely when “you will not see your most bullish price action until you break the 80 level.” Kevin places particular weight on a double-bottom motif in his monthly L-MACD read, calling it “the same exact bottoming pattern” that formed between June and December 2020. “When you double bottom and make a basically a double bottom… game on,” he said, arguing that the renewed cross echoes the momentum inflection that preceded the altcoin surge into early 2021. He also notes that July and June printed a two-step low similar to the June/December 2020 pair that marked the prior regime shift. Crypto’s Biggest Run Ever? The through-line is that breadth is beginning to turn at a structural level while momentum gauges transition from deeply negative to positive across timeframes. He underscores that the signal is appearing in tandem across linear weekly and log monthly views, which he describes as unprecedented in its alignment. “There’s never been a time where these two charts have looked the way that they look in tandem on log and linear on the weekly, on the monthly,” he said. If that symmetry holds, he expects “the altcoin market cap to start stealing dominance away from Bitcoin at a higher faster pace than we’ve seen since the previous altcoin season.” Although his thesis centers on Total3/BTC, Kevin frames it within his earlier, well-telegraphed Ethereum calls from May/June, arguing that “ETH… has hit a new all-time high” and that “the bottom is in on ETH versus Bitcoin, ETH dominance, and obviously the ETHUSD chart.” He presents the altcoin rotation as a sequel: “Very similar to how ETH versus Bitcoin and ETH dominance and even ETHUSD were setting up before it made its big run against Bitcoin,” with Total3 now showing “two months in a row of outperformance” from a major support band—a combination he had highlighted in Ethereum before its advance. Even with the technicals aligned, Kevin is careful to caveat timelines and seasonality. He characterizes September as “usually weak,” with the more forceful phase of any rotation likely contingent on macro confirmation into Q4. “The charts can precede the news,” he said, “however, that’s never guaranteed.” For now, he sees a maturing base, a reclaimed range after a capitulative spring, and momentum structures that, in prior cycles, marked the boundary between grinding bottoms and impulsive advances. “If there was ever going to be a time that it was going to happen… now’s the time,” he concluded, while reiterating the dependency on incoming data: “I don’t know what the macro data is going to look like, but I know what this chart looks like… watch out for Total3.” At press time, TOTAL3 stood at $1.04 trillion.

Teck Resources (TSX: TECK.A, TECK.B)(NYSE: TECK), Canada’s largest diversified miner, has deferred major expansion projects while it works to fix output problems at its flagship Quebrada Blanca (QB) copper mine in Chile. A major overhaul of the mine high in the Andes came in $4 billion over budget and years behind schedule. In July, chief executive officer Jonathan Price was forced to cut production guidance. The main issue now is tailings storage. The decision is part of a comprehensive operational review that was launched in August and is set to conclude in October, with a focus on improving performance. This review includes a detailed action plan for QB. The Vancouver-based miner said the bulk of the work will focus on its tailings facility, where slow sand drainage has delayed development and constrained production since the mine’s recent expansion. Teck plans to raise the dam wall mechanically, add new rock benches to increase crest height, and accelerate drainage improvements. The company also announced management changes, including the retirement of Chief Operating Officer Shehzad Bharmal and the appointment of an unnamed industry veteran as advisor to senior leadership. Output impact QB is central to Teck’s pivot toward energy transition metals after shedding its coal business. The mine underpins its target of producing 800,000 tonnes of copper annually by 2030. Teck now expects QB to produce 210,000–230,000 tonnes in 2025, down from earlier projections of 230,000 to 270,000 tonnes. The company had guided copper production at 490,000 to 565,000 tonnes overall this year, but now warns revised numbers will come with third-quarter results. Last year, just over 200,000 tonnes of copper was produced last year at the mine, in which Teck has a 60% stake. Japan’s Sumitomo Corp. owns 30% of QB, and Chile’s state-owned Codelco, 10%. Teck is also studying potential synergies with the nearby Collahuasi mine, jointly owned byAnglo American (LON: AAL) and Glencore (LON: GLEN).

The demand for compliant stablecoins is on the rise. To address this need, global crypto exchange MEXC recently launched zero-fee promotions for popular futures trading pairs. The move is designed to lower the barrier of entry to futures trading and empower traders to capitalize on rebounding market conditions. MEXC’s zero-fee campaign is one of the many ways the exchange has recognized user demand and addressed it with simple and innovative solutions. USDC Pairs Lead Q2 Trading Volume Growth According to the CoinGecko Q2 2025 Crypto Industry Report, Q2 set a new record in the stablecoin market cap at $243.1B (now at $288B), and saw a 24% increase in total crypto market cap. More specifically, the $USDC stablecoin grew by a whopping $1.4B in Q2 2025, signaling the market’s increasing demand for compliant stablecoins. As the name would suggest, compliant stablecoins refer to stablecoins that meet financial regulations. These regulations could be in the form of being under regulatory oversight, fully backed by cash or bonds, and regularly audited. Compared to Bitcoin and altcoins like Ethereum and Solana, stablecoin prices tend to be less volatile. These make them better-suited to trading, payments, and savings rather than speculating or investing. $USDT and $USDC are two of the largest stablecoins in terms of market capitalization. Between the two, the Tether-developed $USDT is more widely used and has a higher market cap ($168B+), while $USDC is better-known for its regulatory compliance and transparency. A Pair for Traders of Every Kind As the market shifted from finding the best meme coins in Q1 to investing in more mainstream crypto, MEXC introduced zero trading fees on select trading pairs. Each one has been carefully selected to not only meet stablecoin demand, but also to address various risk appetites and investment strategies. On the more mainstream side, there’s $ETH/$USDT. However, MEXC added $SUI/$USDC and $TON/$USDC, to cater to traders looking for up-and-coming pairs. Meanwhile, $HYPE/$USDC fills the need for more innovative projects, and the $POPCAT/$USDC trading pair is tailored for those willing to buy high-risk, high-reward crypto. It appears MEXC chose their zero-fee pairings wisely, considering each pair’s market share: $TON/$USDC: 42% $ETH/$USDT: 33% $HYPE/$USDC: 21% $ONDO/$USDC: 5% $POPCAT/$USDC: 5% In total, MEXC offers zero fees on 100 tokens on its exchange. Through the exchange’s futures trading market, you can bet on the future price of a cryptocurrency without actually owning that asset. Futures trading also allows you to use leverage, where you borrow funds to control a larger position with the actual amount of money you have. MEXC offers up to 500x leverage. This means if you have $10 and choose 500x leverage, you’ll be able to open a position size of $5K. Aside from stablecoins, you can also trade Ethereum futures on MEXC. Learn more about that in our roundup of the best Ethereum futures platforms. Fueling the Next Chapter of the Crypto Market Since 2018, MEXC has fulfilled its promise of being ‘Your Easiest Way to Crypto.’ With over 40M users in 170+ countries, it has given traders of every experience level a way to invest in digital assets simply, securely, and efficiently. Aside from its futures market, the exchange also has spot trading and P2P trading, among its offerings. It also has the MEXC MasterCard, which you can top up with your crypto balance and use anywhere in the world. With its latest zero-fee campaign on top futures pairs, MEXC has once again hit the mark and fueled the next chapter of the ever-growing cryptocurrency market. Authored by Aaron Walker, NewsBTC — https://www.newsbtc.com/news/mexc-zero-fee-promotion-usdc-stablecoins/

The Australian dollar has rebounded on Wednesday and is in postive territory. In the European session, AUD/USD is trading at 0.6532, up 0.19%. The Aussie declined 0.52% on Tuesday, ending a streak of five consecutive winning sessions. Aussie GDP hits fastest pace in nearly two yearsAustralian GDP grew 1.8% y/y in the second quarter, above the revised 1.4% gain in Q1 and higher than the market estimate of 1.6%. This was the fastest pace of growth since Q3 2023. Quarterly, GDP expanded 0.6%, up from a revised 0.3% in Q1 and above the market estimate of 0.5%. The improvement was driven by stronger household consumption and increased government spending. The stronger-than-expected GDP reading essentially rules out a rate cut at the September 30 meeting. The Reserve Bank has adopted a cautious stance to policy easing and has cut in February, May and August. The markets expect a hold in September, with a November cut priced in at around 75%. That decision will be largely based on the employment and inflation reports ahead of the November meeting. The RBA is keeping a close eye on inflation, which jumped to 2.8% in July, up sharply from 1.9% a month earlier. This was the highest level since July 2024, but the RBA won't change policy based on one monthly inflation report. Inflation had been on a downtrend and the 1.9% gain was lower than the RBA's target range of 2-3%. The central bank is also keeping a close eye on the labor market, which has shown signs of gradual easing. AUD/USD Technical AUD/USD is testing resistance at 0.6535. The next resistance lines are 0.6546 and 0.65620.6508 and 0.6492 are providing support AUDUSD 4-Hour Chart, September 3, 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.

Gemini Space Station Inc., the crypto exchange founded by Cameron and Tyler Winklevoss, has filed for a $316.7M initial public offering (IPO) in New York. Social media is dubbing it the “Gemini IPO” and the company plans to sell 16.7 million shares priced between $17–$19 each, which would give Gemini a market cap of about $2.2Bn at the top of the range. Gemini controls more than $18Bn in assets and crypto assets, according to its filing. But the company is still losing money, reporting a $282.5M net loss on $68.6M revenue in the first six months of 2025. “We believe the U.S. market is finally ready for compliant, regulated crypto institutions,” the Winklevoss brothers wrote in their SEC filing. The IPO will be underwritten by Goldman Sachs and Citigroup, with Gemini trading on Nasdaq under the ticker GEMI. Meanwhile, Trump is ignoring Gemini and shipping all his wealth to Crypto.com (CRONOS). DISCOVER: 20+ Next Crypto to Explode in 2025 Trump Media and Crypto.com Bet Big on Cronos: Why Won’t He Touch Gemini? Donald Trump’s media empire is expanding deeper into crypto. Trump Media & Technology Group (DJT) announced a deal with Crypto.com to create a new treasury venture built around Cronos (CRO). The company will merge with Yorkville Acquisition Corp and go public under the ticker MCGA. Trump Media will anchor its corporate reserves with $1Bn worth of CRO tokens, backed by $200M in cash, $220M in warrants, and a $5Bn equity line of credit from Yorkville affiliates. At this point, Trump is running the country like a crypto mafia don. (Source: TradingView) The move sent CRO up +29.6% to $0.20, according to CoinGecko, while Yorkville’s stock slid -2.2% to $10.42. “By anchoring Truth Social’s rewards economy and corporate reserves in CRO, Trump Media is effectively institutionalizing the token,” said Alice Liu, head of research at CoinMarketCap. Trump Media shares also rose +6.6% to $18.36, buoyed by the news. DISCOVER: 9+ Best High-Risk, High-Reward Crypto to Buy in July 2025 Bitcoin Treasury Strategy Stocks You Need to Invest In The Trump-Cronos move mirrors Michael Saylor’s playbook at MicroStrategy, which effectively transformed a software company into a Bitcoin vault now holding close to $100Bn. Investors have bought in, sending MSTR shares up fivefold alongside Bitcoin’s rally in 2024. (Source: TradingView) Corporate treasuries are testing similar waters with tokenized reserves. Circle went public in June with a $1.2Bn IPO, its stock jumping +168% on the first day. Additionally, the SoftBank- and Tether-backed SPAC launched a $3.6Bn Bitcoin treasury firm earlier this year. Can Gemini and Trump Media Deliver in a Crowded Market? For Gemini, the IPO is a chance to restore confidence after past regulatory battles, including a dropped SEC case and a $5M CFTC settlement earlier this year. For Trump, well, it’s business as usual. Everything he touches turns to gold because he’s the freaking president. Crypto.com is the latest venture, and we’ll see what else Trump pumps (and hopefully doesn’t dump like WLFI token) by year’s end. EXPLORE: XRP Price Jumps 11% After SEC Crypto Unit Tease XRP ETF Progress Key Takeaways Gemini seeks a $317M IPO while Trump Media launches a $1B Cronos treasury venture. Crypto.com is the latest venture Trump has pumped and we’ll see what else he boosts by year’s end and hopefully doesn’t dump like WLFI token. The post Gemini IPO Targets $317M as Trump Media Bets $1B on Crypto.com Treasury Strategy appeared first on 99Bitcoins.

Ethereum price has seen a lot of decline after hitting an all-time high above $4,900. This move saw the bears push the price back, resisting the campaign to hit $5,000. So far, the bears have remained in control, and it seems that this will be the case for a while, with technicals pointing toward a possible 10% crash that would send the price toward $4,000 again. Why Ethereum Price Is At Risk In an update to a previous analysis, Klejdi Cuni has forecasted a further decline for the Ethereum price, with bearish indicators being more prominent. The previous prediction, shared over the weekend, pointed out that the Ethereum price had been breaking down from a bearish triangle pattern. This had suggested a further move toward the $4,300 territory. True to the forecast, the Ethereum price did indeed fall back, breaking below $4,300 briefly before bouncing again. This comes after the price broke down below the support at $4,490, putting the bears in charge of the Ethereum price once again. With the first part of the forecast fulfilled, then ETH could play out the full prediction from here. The crypto analyst had previously revealed that he expected the Ethereum price to suffer further drops; first to $4,335, then to $4,215, before finally landing at $4,081. This prediction was reiterated in the updated analysis, showing where the price could be headed next. Next on the list for the cryptocurrency is to test the resistance zone around $4,500. This has previously been a level at which the price was beaten back down, suggesting that a similar trend could play out. If the price does get rejected here, then it could signal a continuation of the bearish trend. The analysis also ties in the performance of the Bitcoin price, which has continued to drive the entire market. So far, the Ethereum price has performed better during the recent market crash. However, if the Bitcoin price were to continue its decline, then the Ethereum price is likely to follow in the same direction. Add in the fact that the situation around the US dollar remains unclear, and the analyst sees a lot of risk during this time. There is also the possibility of the Ethereum price turning toward the positive once again. This has to do with the resistance at $4,650, serving as a make-or-break level. If the price is rejected from here, then it could mean more declines. However, if ETH bulls are able to reclaim it with strength, then it could serve as a bounce-off point for the next rally.

Overview: After yesterday's jump, the dollar is mostly consolidating at lower levels today. The Scandis and euro are leading the recovery of the G10 currencies, the New Zealand and Canadian dollars, and yen are nursing small losses. Japanese Prime Minister Ishiba was not blamed for the electoral losses in a party investigation, but the LDP will vote on Monday whether to have a leadership contest this year. France will hold a confidence vote on its prime minister the same day. Most emerging market currencies are also firmer today. Japanese, Chinese, Hong Kong, and Australian equities tumbled today but other large bourses in the region rose, including Taiwan, South Korea, and India. Europe's Stoxx 600 is up about 0.6% in late morning turnover after shedding 1.5% yesterday, its steepest loss in a month. In the US, the S&P 5000 and the Nasdaq gapped lower, and although the gaps were entered, they were not closed. The gap extends to about 6444.60 in the S&P and 21398 in the Nasdaq. Both look poised to gap higher today. If today's gap is not filled, a bullish island bottom would be lift in the wake. European 10-year bond yields are mostly softer today, including almost 1.5 bp decline in the 10-year Gilt yield. French bonds slightly lagging. The 10-year Treasury yield is almost two basis points higher near 4.28%, and the 30-year yield is firm to threaten the 5.00% threshold. Gold made a marginal new record higher today near $3547 but is about $10 lower now. October WTI soared nearly 2.5% yesterday but is giving back more than half and is near $65.60. USD: After yesterday's surge, the Dollar Index is consolidating today. It rose briefly above yesterday's high as European markets opened but was greeted by sellers who pushed it to a new session low slightly below 98.20. Initial support is seen near the yesterday's North American low, a little ahead of 98.00. Focus this week is on the labor market but today's July JOLTS is not the real thing. Still, job openings are expected to have slowed but it seems like old news. The ADP private sector job estimate for August is due tomorrow. It is seen slowing to 80k from 104k in July. The median forecast in Bloomberg's survey is now for a 75k increase in non-farm payrolls in July and a rise in the unemployment rate to 4.3% (from 4.2%), which would be a new cyclical high. The Fed funds futures imply almost a 90% chance of a rate cut later this month, and another cut in Q4. St. Louis Fed President Musalem, seen as among the more hawkish voting members of the FOMC, speaks at 9:00 am ET today and the Beige Book is out later today. EURO: With a brief exception, the euro has been confined to the range set on August 22, the day Fed Chair Powell spoke at Jackson Hole. That range was about $1.1585-$1.1745. It briefly traded below the low last Wednesday, recording a low near $1.1575. On Monday, it reached $1.1735. In yesterday's sell-off it fell to nearly $1.1610 to test the trendline drawn off the August 1 and August 27 lows, which also corresponds to the (38.2%) retracement of last month's rally. It slipped a 5/100 of cent below yesterday's low and found new bids ahead of $1.1600 today. It is near session highs around $1.1665 in European late morning activity. Today's final look at August services and composite PMI coincided with the euro's recovery though it seemed coincidental. The composite was revised to 51.0 at 51.1 (from 50.9) and is the highest since last May. The German composite was revised down. It no longer rose for the third consecutive month. At 50.5 it is where it was in January. Of the largest four members of the eurozone, France is the only one to have a composite PMI that is still below the 50 boom/bust level. France will hold a confidence vote next week, which it does not look likely to survive. CNY: The dollar has risen against the offshore yuan for three consecutive sessions coming into today, which is the longest advance in a little more than a month, and it is trading firmer today. It reached almost CNH7.15 yesterday and has held slightly below today, so far. It had recorded the year's low before the weekend near CNH7.1160. In a period in which capital flows outstrip trade flows it almost seems quaint to argue that China's trade surplus should drive the yuan higher. Indeed, as we have noted, by some measures, the Japanese yen is more under-valued than the yuan, and Japan typically records trade deficits. There are other fundamental drivers of exchange rates than trade flows. The Chinese economy is struggling to maintain forward momentum and deflation continues to cast a pall, and the housing market remains a drag. China offers about 255 bp less than the US on 10-year bonds. Yes, the yuan is undervalued against the dollar, but most currencies are. The common element is the over-valued dollar. In July, when the greenback had a counter-trend rally, the yuan fared the best. The PBOC set the dollar's reference rate at CNY7.1108 (CNY7.1089 yesterday). The year's low fix was set before the weekend (CNY7.1030). The RatingDog (formerly Caixin) services and composite PMI were reported earlier today. The services PMI rose to 53.0 from 52.6, helped by summer travel and new orders. The composite rose to 51.9 from 50.8. JPY: The combination of the jump in US rates and heightened political uncertainty in Japan helped lift the dollar to almost JPY149 yesterday. It frayed the 200-day moving average (~JPY148.90) before settling near JPY148.40. It rose to almost JPY149.15 today, in late Asia Pacific turnover, but is finding support in the European morning ahead of JPY148.50. The final service and composite PMI readings had minor impact, though for the record, the 52.0 composite PMI is the highest since February. Still, the weakness of recent data (e.g., retail sales and industrial production) reported last week, and the political uncertainty with senior LDP officials resigning, further isolating Prime Minister Ishiba, the odds of a BOJ rate hike this year have been scaled back to about 14.5 bp from around 18.5 bp early last week. The LDP report on the recent election results blamed the party and its anti-inflation efforts for the poor showing. A party vote will be held Monday to decide whether to bring forward next year's scheduled leadership contest. There are 342 party members and regional representatives that will vote. The vote is not anonymous, and only those who want to have a leadership election this year need to vote. Two surveys conducted found about 100 LDP officials favor the early contest and 50 are opposed. At the end of the week, Japan will report labor earnings and household spending. Both are expected to have increased. GBP: Sterling was tagged for two cents yesterday before stabilizing. It was sold from Monday's high (~$1.3550) to $1.3340. This overshot the (50%) retracement of August's rally, seen near $1.3370, and approached the (61.8%) retracement around $1.3315. It made a marginal new low, slightly below $1.3335 before rebounding and reached through $1.3415 in early European activity. Sterling seemed particularly sensitive to the jump in Gilt yields. Still, the UK sold a record GBP14 bln 10-year Gilts yesterday, and the demand was 10-times more than was offered. While the French fiscal challenges look poised to topple the government next week, and lead to a possible downgrade (vote of confidence on Sept 8 and Fitch review AA- rating with negative outlook on Sept 12), the UK's fiscal situation is going to come to a head a later with the Autumn budget. Chancellor Reeves has a roughly GBP35 fiscal hole to fill if the government's self-imposed fiscal rules are to be honored. The higher interest rates only aggravate the problem, and the government cannot look to the BOE for much help. The swaps market sees little chance of a hike in the next couple of months and has less than a 40% chance of a hike by the end of the year. The final services and composite PMI reports were revised higher, but sterling's recovery began before their release. Still, both were revised higher. The services PMI was revised to 54.2 from 53.6 of the flash reading and 51.8 in July. The UK's final composite PMI stands at 53.5, up from 53.0 initially and 51.5 in July. It is the highest level since last August 2024. CAD: The greenback rose to CAD1.3815 amid its broad gains yesterday. The peak was recorded in early North American dealings and as the US dollar's gains were pared, it returned to the CAD1.3780 area, around the middle of the day's range. At its best, the US dollar overshot the (38.2%) retracement of the losses since Powell's speech at Jackson hold that was found near CAD1.3805 but stopped short of the next retracement (50%) objective (~CAD1.3825). It is trading quietly today, mostly between about CAD1.3780 and CAD1.3810. Yesterday it was reported that Canada's August manufacturing PMI rose to 48.3 (from 46.1 in July) and is at its best level since January, which was the last time it was above the 50 boom/bust level. Still, the disappointing Q2 GDP, reported before the weekend, boosted the prospect of a rate cut later this month (Sept 17). The odds were steady at around 55%, the highest since July 10. Given the trade impact on GDP, the July merchandise trade balance tomorrow could impact expectations but the jobs data at the end of the week may be more important. The median forecast in Bloomberg's survey calls for a 10k increase in overall jobs, which will not be sufficient to prevent another rise in the unemployment rate (7.0% vs. 6.9% in July and 6.7% in August 2024). AUD: The Australian dollar was sold to about $0.6485 yesterday, roughly the halfway point of its rally since the August 22 low (the day Powell spoke at Jackson Hole). and recovered in North America to around $0.6525. It held just shy of Monday's low. The Australian dollar held above $0.6500 today and is probing near session highs near $0.6535 in late European morning turnover. The final August services and composite PMI were overshadowed by the Q2 GDP report. The economy expanded by 0.6% in Q2, twice the pace seen in the revised Q1 figures. The economy grew about twice as fast in H1 25 than it did in H1 24, but it is unlikely to be sustained. The Reserve Bank of Australia forecasts 1.6% growth this year after 1.1% last year. The IMF is a little more optimistic and it projects a 1.8% increase in GDP this year. For the record, the final composite PMI was revised to 55.5 from 54.9 initially and 53.8 in July. It is the highest since at least April 2022. New orders edged to a new high since April 2022 (55.8 vs. 55.5 in July). Still, while the odds of a rate cut at this month's central bank meeting (September 30) are slim, the futures market has about an 85% chance of a cut at the following meeting (November 4), down from 100% yesterday. MXN: The US dollar spiked to a two-week high yesterday near MXN18.8635 in early North American turnover before pulling back to about MXN18.7145. Nearly all emerging market currencies were caught in the dollar's surge, which moderated early in the North American session. However, the broader risk off appeared to limit the peso's recovery. The greenback is trading between about MXN18.6930 and MXN18.7810 today. The dollar gapped higher against the Brazilian real yesterday and briefly poked above BRL5.50. As the dollar's gains were pared broadly, it entered the gap but did not fill it. The gap extends Monday's high around BRL5.4495. Brazil reported that Q2 GDP rose by 0.4%, slightly more than economists in Bloomberg's survey expected, but a marked slowdown from the 1.3% quarter-over-quarter pace seen in Q1. Economists expected H2 growth to slow further before recovering next year. Disclaimer

Are you too late to get Solana before it pops off in October when the ETF money comes in? It feels like $205 is still a decent price. In this article, we’ll examine the current Solana price graph and provide an update. SOL ▲2.45% has approved one of the most ambitious upgrades in its history. After a two-week governance process, more than 98% of validators voted to adopt the Alpenglow consensus protocol, with 52% of the total stake participating. The upgrade is expected to slash transaction finality from over 12 seconds to just 150 milliseconds, a speed more comparable to Web2 systems than today’s blockchains. The Solana Foundation called the change “a step toward financial infrastructure that operates at internet speed,” arguing that Alpenglow could unlock new use cases requiring responsiveness and cryptographic certainty. So, will the Solana price follow? Solana Price Graph: What the Alpenglow Upgrade Means for the SOL Price (Source: SOLUSDT, TradingView) Alpenglow replaces two of Solana’s core consensus tools: Votor will replace TowerBFT, reducing finality times to sub-second levels. Rotor will replace proof-of-history timestamping, accelerating validator communication. If successful, these changes could make Solana uniquely positioned for high-frequency DeFi, payments, and even institutional trading platforms. As it stands, several Solana devs claim this will make SOL more of a Web2-like user experience, but with Layer-1 security guarantees. DISCOVER: 9+ Best High-Risk, High-Reward Crypto to Buy in July 2025 SOL Price Analysis: Can SOL Hold the $200 Level? SolanaPriceMarket CapSOL$113.19B24h7d30d1yAll time SOL price trades at $207.21, up +5.4% daily, with market cap back above $90Bn. The chart shapes into a cup and handle formation with a rounded base up from $202 to $208 (cup) followed by a shallow pullback (handle). Resistance remains heavy at $205–$207 yet volume increased on the rally, adding weight to the move. A fresh surge in buy volume will be key for breaking through $209 resistance. (Source: Coinglass Volume) Moreover, the Solana price has other bullish factors: Exchange reserves spiked in late August, suggesting profit-taking. SOL whales are accumulating aggressively in the $185–$190 zone, hinting at defense if prices correct. DISCOVER: Next 1000X Crypto: 10+ Crypto Tokens That Can Hit 1000x in 2025 Institutional Drivers for Solana Price: ETFs, Policy, and Long-Term Growth Speculation around ETFs continues to buoy the market. Among the filings on the table is the Solana REX-Osprey SOL + Staking ETF (SSK), with no clear read on when regulators might decide. If history is anything to go buy then know that Solana has ended September higher in four of the last five years. If Solana is able to maintain its price from now until October, we are most certainly looking towards new all time highs for the SOL price by year’s end. EXPLORE: Is Binance Safu? North Korea Just Stole $13.5M in XVS Crypto Heist Join The 99Bitcoins News Discord Here For The Latest Market Updates Key Takeaways US manufacturing is saved! Or at least that’s what crypto investors hope as markets brace for a pivotal day and fresh manufacturing PMI data According to Polymarket, markets expect two 25-basis-point rate cuts in 2025, likely in September and December The post Solana Price Prediction After Alpenglow Upgrade: Is $300 the Next Target for SOL? appeared first on 99Bitcoins.

Asia Market Wrap - Japanese Bond Yields Rise, China Service Sector Strong Most Read: Dow Jones (DJIA) Finishes 0.57% Down After Late Recovery, What Next for Wall Street Indexes? Japanese bonds joined counterparts from around the world as prices continue to dive.This is happening because many companies are selling new bonds, and at the same time, investors are getting worried that major countries have too much debt. When a bond's price falls, the return you get for owning it (its 'yield') goes up, which can hurt the stock market. This has been the current market challenge at the beginning of September. This sent Asian stocks to their lowest point in three weeks. The return on 20-year Japanese government bonds is now the highest it has been since 1999, and the 30-year bond's return is the highest it has ever been. German bond prices have also been falling for five days straight. In the US, the return on 30-year bonds is still near 5% after a recent increase that negatively affected Wall Street. In Japan, The Nikkei .N225 fell 0.88% to close at 41,938.89, while the broader Topix .TOPX lost 1.07% to 3,048.89, their lowest close since August 8. A private report on China's service businesses showed that they grew at the fastest speed in over a year in August. This happened because more people, both in China and in other countries, were buying these services. The report, called the RatingDog index which is compiled by S&P global, gave the sector a score of 53.0 last month, which was up from 52.6 in July. That's the highest score since May 2024. Any score above 50 shows that business is growing, so 53.0 is a strong signal of expansion. Wednesday's numbers also pointed to a big increase in new customers for service companies, including a rise in sales to other countries. European Open - European Stocks Eye Recovery European stocks were recovering from a big drop on Tuesday. The uptick in European shares happened as the selloff in long-term bonds seemed to calm down. The main European stock index, the STOXX 600, rose by 0.4%, with the technology sector leading the way with a 1.3% gain. Shares of Adidas climbed 2.5% after the company Jefferies upgraded its recommendation for the German sportswear brand to "buy" from "hold." Jefferies noted that Adidas has more different ways to grow its business. The pressure on stocks eased as long-term European bonds became more stable. This was a relief, as the main STOXX index had seen its biggest one-day drop in over a month on Tuesday due to worries about government finances. However, concerns are not completely gone, as the yields on long-term German and French bonds are still at multi-year highs. The FTSE 100 and DAX index were both flat in early trade and hovering near key levels of support. On the FX front, the British Pound and Japanese Yen remain under pressure due to concerns about Government finances and political uncertainty in Japan. The US dollar benefitted as the British pound and the Japanese yen both lost value. The dollar's overall strength, measured against a basket of other world currencies (DXY), had already gone up by 0.66% on Tuesday. Following this trend, the euro also dropped a small amount, adding to its losses from the previous day. Meanwhile, the Australian dollar's value stayed mostly the same, and the New Zealand dollar also saw a slight decrease trading at 0.5861 to the USD. Currency Power Balance Source: OANDA Labs Oil prices dipped slightly, but they remained near their highest level in a month. The prices are high mainly because the U.S. recently put new restrictions on a network of shipping companies. Now, market participants are waiting for a meeting of major oil-producing countries (known as OPEC+) that is scheduled for this weekend. The price for Brent crude, was at $68.98 a barrel, while the U.S. oil price was at $65.46 a barrel. For a more in depth and technical look at Oil, read WTI Oil Rallies 1% and Eyes Break of Key Confluence Level. Could a Rally to $70/Barrel Finally Materialize? Gold prices continued to set new records on Wednesday. This is happening because of ongoing uncertainty in the financial markets and because many investors believe that America's central bank, the Federal Reserve, will cut interest rates this month. Earlier today, the price of gold hit a new all-time high of $3,546.99 per ounce, and was recently trading at $3,536.58. At the same time, the price for contracts to buy gold in December also rose, reaching $3,602.40. For more on the factors influencing the gold rally, read Gold (XAU/USD) Eyes Weekly Close Above $3400/oz on Renewed Haven Demand and DXY Weakness Economic Data Releases and Final Thoughts Looking at the economic calendar, the European session will be quiet moving forward after a host of final PMI data this morning. Later in the day, investors will tune into comments from European Central Bank President Christine Lagarde for any insights on monetary policy, while U.S. job openings data for July is also expected ahead of Friday's NFP release. For all market-moving economic releases and events, see the MarketPulse Economic Calendar. (click to enlarge) Chart of the Day - DAX Index From a technical standpoint, the DAX Index has dropped below the 100-day MA but appears to have found support at the August 4 swing low at 23471. Immediate resistance is now provided by the 100-day MA with a break above leading to a potential retest of the 24000 handle. There remains potential for further downside and a test of the lower band of the channel pattern which is in play. There is also support at the 23212 level which could come into a play in such a scenario. DAX Daily Chart, September 3. 2025 Source: TradingView.com (click to enlarge) Client Sentiment Data - DAX Index Looking at OANDA client sentiment data and market participants are long on the DAX Index with 65% of traders net-long. I prefer to take a contrarian view toward crowd sentiment and thus the fact that so many traders are long means the DAX Index could fall 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 crypto market closed August with its most active month since January, as spot trading volumes climbed across major exchanges. Data from The Block shows that monthly spot volume reached $1.86 trillion in August, a 5% rise from July’s $1.77 trillion. Binance maintained its lead with $737.1 billion in spot trades, its highest since January, followed by Bybit with $126.5 billion and Bitget with $126.1 billion. (Source: Exchange Volume) This renewed activity comes alongside shifting investor preferences around the best altcoin to buy. U.S. spot Ethereum ETFs attracted $3.87 billion in August inflows, while Bitcoin ETFs saw $751.1 million in outflows during the same month. However, this trend reversed on Tuesday as spot Bitcoin ETFs recorded $332.7 million in net inflows, led by Fidelity’s FBTC and BlackRock’s IBIT, while Ethereum ETFs saw $135 million in outflows. Analysts say this may signal a short-term rebalancing toward Bitcoin’s perceived stability, even as Ethereum retains stronger yield potential over the long term. Meanwhile, decentralized exchanges also saw their busiest month since January, with volumes hitting $368.8 billion. Uniswap led at $143 billion, followed by PancakeSwap at $58.7 billion. DISCOVER: Top Solana Meme Coins to Buy in 2025 Best Altcoin to Buy Now: Eyes on Solana as SOL Price Holds Above $209 WhileBTC ▲0.73% and ETH ▼-1.40% have shown mixed signals this week, trading at $110,943 and $4,316 respectively, SOL ▲2.45% continues to strengthen. Since early August, SOL has made a series of higher highs, consolidating above $185 and now trading around $209. Buyers appear to be targeting the next resistance at $227. Trading data suggests sustained demand, with buying pressure overcoming multiple attempts by sellers to stall the uptrend. This strength may reflect a rotation of capital from Ethereum to Solana, also visible on the SOL/ETH pair, where Solana has outperformed since late August. (Source: SOL/ETH) For traders watching the market today, Solana’s momentum places it among the best altcoins to consider, especially if the broader trend of capital rotation continues into September. Stay tuned to our real-time updates below. 51 minutes ago Is HBAR Price Set to Break $0.30? HBAR News and Whale Buying Set Stage For Bullish September By Fatima Recent news about HBAR whales scooping up over 50M tokens worth $11.3M in just one week. Is this accumulation bullish or just catching falling knives? Let’s find out. From Australia’s CBDC project to White House mentions, Hedera’s credibility keeps rising. Recent launches like IDTrust and tokenization partnerships fuel real-world adoption and steady ecosystem growth. Is Hedera chart shows a bearish setup or just bearish deviation that is going to trap retail to sell in the hands of whales. And are we going to see $0.3 mark soon? Read The Full Article Here The post [LIVE] Crypto News Today, September 3 – Solana Breaks $209, Outperforming BTC and ETH: Best Altcoin to Buy? appeared first on 99Bitcoins.

The US stock market reopened on Tuesday, 2 September, with a weak start after the Labour Day holiday. All four major benchmarks tumbled between –1.3% and –1.8% in the first half of the session, pressured by fears of a global liquidity squeeze following a sharp spike in the UK’s 30-year gilt yield to 5.69%, it’s highest in 27 years, amid concerns over government budget risks. However, losses eased later in the session. The small-cap Russell 2000 outperformed, closing flat, while the S&P 500, Nasdaq 100, and Dow Jones pared earlier declines to finish down –0.7%, –0.8%, and –0.5%, respectively. Incoming Fed dovish pivot provides a liquidity backstop with a bull steepener Fig. 1: SPX 500 major trend with US Treasury yield curve (10-YR minus 2-YR) as of 2 Sep 2025 (Source: TradingView) The intraday rebound in US equities was likely driven by rising expectations of a Fed dovish pivot at the upcoming FOMC meeting on 17 September. According to the CME FedWatch Tool, Fed Funds futures now price in a 91% probability of a 25-bps rate cut to 4.00%–4.25%, up from 89% a week earlier. Hence, the 2-year US Treasury yield, which is sensitive to the changes in the monetary policy stances of the Fed, rose by 2 bps yesterday, which is less than the 3 bps increase seen in the 10-year US Treasury yield Stretching it out over a longer-term horizon, the 2-year US Treasury yield has fallen by 15 bps from 21 August 2025 to Tuesday, 2 September 2025, a higher magnitude in comparison to the 10-year US Treasury yield, which only dropped by 7 bps. This observation seen on the US Treasury yield curve (10-year minus 2-year) is called a bull steepener, where short-term interest rates fall faster than long-term rates, widening the spread between them. It tends to be bullish for the US stock market at least in the medium-term, as the liquidity infusion from the Fed can be used to negate the adverse effects of the US White House trade tariffs policies (see Fig. 1). Let’s now take a deep dive into the short-term directional bias and key levels to watch on the US SPX CFD Index (a proxy of the S&P 500 E-mini futures) from a technical analysis perspective. Fig. 2: US SPX 500 CFD Index minor trend as of 3 Sep 2025 (Source: TradingView) Preferred trend bias (1-3 days) Yesterday’s sell-off has been overdone. The medium-term uptrend phase of the US SPX 500 remains intact. Bullish bias for a short-term recovery in the first step, watch the 6,370/6,350 key medium-term pivotal support (see Fig. 2). A clearance above 6,450 intermediate resistance increases the odds of the recovery process for the next intermediate resistances to come in at 6,490 and 6,517 (close to the current all-time high level of 6,513 and a Fibonacci extension cluster). Key elements Yesterday’s sell-off seen in the US SPX CFD Index has managed to stall at the lower boundary of a medium-term ascending channel in place since the 23 May 2025 low.The hourly RSI momentum indicator of the US SPX CFD Index has flashed a bullish divergence condition at its oversold condition and staged a bullish breakout from a parallel descending resistance.The higher beta equal-weighted S&P 500 Consumer Discretionary sector ETF has continued to outperform the defensive-oriented equal-weighted S&P 500 Consumer Staples sector ETF (see Fig. 2). This observation supports a bullish reversal scenario in the US SPX 500 CFD Index.Alternative trend bias (1 to 3 days) Failure to hold at the 6,370/350 key medium-term support on the US SPX 500 CFD Index jeopardises its medium-term uptrend phase to expose the next intermediate supports at 6,320 and 6,290 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.

Bitcoin (BTC) has seen a 4% bounce from the lows to retest a crucial resistance level, which could determine whether a breakout or a breakdown is next. Meanwhile, an analyst suggested that BTC’s final leg up and cycle peak could come in the coming weeks. Bitcoin Key Attempts Key Level Reclaim Following its recent drop, Bitcoin is now attempting to break out of its local range high and reclaim the $111,000 zone as support. As September started, the flagship crypto retested the $107,000 range low before bouncing 4% to the local upper boundary. Analyst Ali Martinez noted that BTC has been trading in a descending channel on the 4-hour chart for the past two weeks. The cryptocurrency retested the pattern’s upper boundary, around $110,700, breaking above this area on Tuesday morning. To the market watcher, Bitcoin needs to close above $110,700 for a meaningful rebound, as a confirmed breakout above this level could set the stage for a retest of $113,500. On the contrary, failing to reclaim this resistance will likely reinforce bearish momentum and deepen the correction, the analyst warned, adding that “the SuperTrend indicator also aligns with this zone, maintaining a bearish posture at $110,700.” Meanwhile, Sjuul from AltCryptoGems suggested that Bitcoin is attempting to replicate the same playbook of the recent significant pumps. According to the chart, the flagship crypto has entered a corrective period following a new all-time high (ATH), displaying a falling wedge pattern before breaking out again. Based on this, the $108,000 level is a key area for the bulls as it serves as a crucial bounce point. Holding this level would “confirm BTC’s strength on the higher timeframe, showcasing a formidable price action with resistance flipping and retesting.” To Sjuul, Bitcoin is at a “critical juncture to keep playing the same tune,” and failing to maintain it would increase the risks of a bigger correction to the $98,000 level, where the Weekly EMA50 sits. BTC To Peak In Coming Weeks? Rekt Capital gave a higher timeframe perspective for the flagship crypto, highlighting that BTC has shown mixed signals after failing to close the week above the $109,000 level. This level previously served as the final weekly resistance before new ATHs, which suggests it could be the first technical signal of a bearish confirmation. Nonetheless, he asserted that while the weekly timeframe is “showing early signs of weakness, the Monthly chart tells a different story.” Notably, Bitcoin has held its Macro Range of $107,200-$116,000. Additionally, monthly candles have produced long downside wicks throughout the cycle, with deep retests often occurring before trend continuation. This suggests that the broader market structure remains intact despite weekly pressure. As this week progresses, the cryptocurrency could see heightened volatility, tapping the $104,000 on a wick. He stated that “If the Weekly timeframe confirms rejection from $107k and progresses bearish confirmation, that could be the trigger for such a Monthly wick.” In this case, “then the goal for price would be to then resynchronize with the Monthly Range before the Monthly Close is in” to maintain the macro structure and set the stage for one last leg up. The analyst also noted that the previous bull market lasted about 152 weeks, while this one is already 145 weeks into it. This could signal that there are only around seven weeks left if the current bull market were to repeat its previous performance. “If Bitcoin is going to peak in its Bull Market in mid-September/mid-October 2025 as per historical Halving cycles… That’s either two weeks away or 1.5 months away,” the analyst concluded.

Bitcoin (BTC) has experienced a significant correction this week, retracing over 10% from its all-time highs above $124,000. Despite this downturn, many remain optimistic about the cryptocurrency’s potential for further gains in the coming months. David Bailey, CEO of Bitcoin Magazine and a crypto advisor to President Donald Trump, has attributed the recent price fluctuations to the activities of large investors, commonly referred to as “whales.” Bitcoin Sell-Off Triggered By Whales? In a recent social media post on X (formerly known as Twitter), Bailey pointed out that two prominent whales are responsible for the recent sell-off, having reportedly liquidated 80,000 and 120,000 BTC, respectively. Interestingly, NewsBTC reported last week that despite record inflows into Bitcoin exchange-traded funds (ETFs) and growing interest from public companies, Binance may be one of these whales orchestrating the sell-off. DeFitracer suggested that Binance might be utilizing a market maker, Wintermute, to strategically execute trades, thereby creating a bearish trend that retail investors might follow. This strategy could allow Binance to profit from liquidations in the futures market. Adding another layer to the current market dynamics, data analysis firm Arkham recently disclosed that a whale with over $5 billion in Bitcoin has begun purchasing Ethereum (ETH), moving $1.1 billion worth of BTC to a new wallet to facilitate these transactions. Although Bailey did not disclose the identities of the whales involved, he indicated that one is already “down,” while the other is halfway to a similar fate. This could suggest that once these sell-offs conclude, the Bitcoin price could regain its momentum, potentially reaching Bailey’s target of $150,000 per coin, which would signify a substantial 36% increase from current price levels. Public Companies Now Hold Over 6% Of BTC’s Supply In addition to the alleged whale activity that has suppressed Bitcoin’s uptrend, the growing involvement of publicly traded companies in the cryptocurrency market is impacting its price stability. According to JPMorgan global market strategist Nikolaos Panigirtzoglou, corporate treasuries now hold over 6% of Bitcoin’s total supply, acting as a form of private sector quantitative easing for the crypto markets. The analyst noted that the surge in Bitcoin purchases by corporate treasuries has led to a decrease in the cryptocurrency’s volatility, which could ultimately make the asset more appealing to investors. Panigirtzoglou highlighted that in July alone, public companies like Strategy (previously MicroStrategy), accounted for nearly two-thirds of Bitcoin purchases among major buyers, including exchange-traded funds and government entities. He suggests that this influx of institutional investment may reshape the landscape of Bitcoin ownership and trading, as reduced volatility can enhance BTC’s attractiveness as an investment alternative, particularly in comparison to gold. As of this writing, the leading cryptocurrency is trading at $110,900. This represents a slight 2% surge in the last 24 hours and a 90% increase year-to-date. Featured image from DALL-E, chart from TradingView.com

On-chain data shows the Bitcoin Exchange Reserve has witnessed a spike recently, a sign that could be bearish for the asset’s price. Bitcoin Exchange Reserve Has Hit A Multi-Month High In a new post on X, CryptoQuant community analyst Maartunn has talked about the latest trend in the Exchange Reserve of Bitcoin. The “Exchange Reserve” refers to an on-chain indicator that keeps track of the total amount of the cryptocurrency that is sitting on the wallets attached to centralized exchanges. When the value of the metric goes up, it means the investors are making net deposits of the asset to these platforms. Generally, one of the main reasons why holders would transfer their coins into the custody of exchanges is for selling-related purposes, so this kind of trend can have bearish consequences for the BTC price. On the other hand, the indicator witnessing a decline suggests investors are taking out a net number of tokens from the exchanges. Such a trend can be a sign that the holders want to hold their BTC into the long term, which can naturally be bullish for the asset’s value. Now, here is a chart that shows the trend in the Bitcoin Exchange Reserve over the history of the cryptocurrency: As is visible in the above graph, the Bitcoin Exchange Reserve peaked in late 2024 and saw a reversal to a downtrend, indicating that investors switched to net withdrawals. The decline in the metric was persistent, but very recently, another turnaround has finally occurred, with the indicator shooting up instead. Its value has now reached the 3.383 million BTC mark, which is the highest that it has been in a few months. “This signals a shift in trader behavior,” notes Maartunn. “More coins moving to exchanges often precedes increased selling pressure.” The deposit spree from the investors has come alongside a period of bearish action in the Bitcoin price. It now remains to be seen whether these exchange inflows would extend the drawdown. Speaking of the price decline, on-chain analytics firm Glassnode has discussed about how this plunge compares against past ones in terms of the BTC supply in loss. As displayed in the chart, only 9% of the Bitcoin supply is in loss following the price drawdown. The maximum loss among these underwater coins is also currently just 10%. As Glassnode explains, In contrast, the local bottom of this cycle saw >25% of supply at up to 23% losses, and global bear markets have reached >50% supply with up to 78% losses. This dip remains relatively shallow. BTC Price At the time of writing, Bitcoin is trading around $111,200, up 2% over the last 24 hours.

Bitcoin is holding steady at nearly $110,000, even with the ongoing market dip and Arkham Crypto’s latest data reveals the UAE’s Royal Group has quietly mined $700 million worth of Bitcoin, making them the sixth-largest sovereign crypto holder. Unlike others who bought or seized crypto, the UAE Royal Group mined its BTC ▲0.58% using green energy, pointing to a more sustainable approach to building wealth through crypto. (source, UAE crypto holding – Arkham Crypto) Apart from the UAE Royal Group’s Bitcoin holding, the demand for Ethereum staking is also surging. There’s growing momentum in crypto in general as real-world assets begin blending traditional finance with decentralized tools. Arkham owns crypto AI also uncovered big personal holders, like Michael Saylor, who owns over 17,000 BTC himself apart from Strategy. Governments, including the US and Bhutan, are in the game too. These are huge; they show that crypto is no longer a niche as it has become the place where serious money is going. BitcoinPriceMarket CapBTC$2.22T24h7d30d1yAll time DISCOVER: Next 1000X Crypto: 10+ Crypto Tokens That Can Hit 1000x in 2025 Arkham with Crypto Data, But Where Will Crypto Go? Cathie Wood expects Bitcoin to reach $1 million within five years. Along with it, ETH ▼-1.70% was also predicted to hit $8,000 this year due to its deflationary nature. Altcoins and tokenized assets may explode in value, turning small investments into big profits. Memecoins continue to make waves. PEPE, the likely meme winner this cycle, pumped by 300% in July alone. DOGE and SHIB are still attracting whales. Even new players like BONK, TRUMP, and SPX6900 are making noise, some with AI twists, others by just hypes. DogecoinPriceMarket CapDOGE$32.39B24h7d30d1yAll time Apart from his memecoin, Trump has also created another drama too. A Trump-backed token, WLFI, dropped after launch, very different from his TRUMP memecoin. There are some FUDs going on the token itself, especially with the ugly bubblemaps that people are complaining. As per Arkham Intelegence, the World Liberty Fi is holding more than $13 Billion in WLFI token. (source, World Liberty Fi crypto holding – Arkham Crypto) Arkham also shows that some of the richest Asian investors are now putting about 5% of their portfolios into crypto. Bitcoin’s dominance is easing as Ethereum and others gain ground. The rise of memecoins is giving retails a shot at financial freedom. With Ethereum gearing up and institutional money flowing in, Q4 could be explosive. Follow us for today’s development here. DISCOVER: Best Meme Coin ICOs to Invest in 2025 Join The 99Bitcoins News Discord Here For The Latest Market Updates There are no live updates available yet. Please check back soon! The post Latest Crypto Market News Today, September 3 – Arkham Crypto Reveals Some of The Wealthiest Investors: ARKM AI Data Shows UAE Royal Group $700M in Bitcoin appeared first on 99Bitcoins.