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The US dollar has posted sharp gains against most of the majors on Tuesday. In the North American session,EUR/USD is trading at 1.1672, down 0.33% on the day. The euro fell as smuch as 0.84% today but has recovered most of those losses after soft US manufacturing data. Eurozone CPI ticks up to 2.1% Eurozone inflation ticked higher in August to 2.1% y/y, up from 2.0% in July. This was just above the market estimate of 2.0%. Services inflation, which has been sticky, eased to 3.1% from 3.2%. Core CPI, which excludes energy and food, was unchanged at 2.3% y/y for a fourth consecutive time, above the market estimate of 2.2%. The core rate remained at its lowest level since October 2021. The calm in inflation means that the European Central Bank is likely to continue to maintain its key deposit rate at 2.0% at the September 11 meeting. Still, the ECB has its doves who favor further rate cuts in order to kick-start the weak eurozone economy. As well, the Federal Reserve is widely expected to cut rates this month, which will put pressure on the ECB to also lower rates. The central bank has inflation under control but is also concerned about inflation undershooting the 2% target. ISM Manufacturing PMI misses forecast The US ISM Manufacturing PMI came in at 48.7 in August, up from 48.0 in July but below the market estimate of 49.0. Manufacturing has been in the doldrums, with six straight readings below 50, which indicates contraction. There was a rebound in new orders but production and employment showed declines. The weak global economy and the impact of counter-tariffs on US goods continues to dampen manufacturing activity, with little indication that the situation will improve anytime soon. EUR/USD Technical EUR/USD has pushed below support at 1.1687 and is putting pressure on 1.1662. Next, there is support at 1.1638There is resistance at 1.1711 and 1.1736 EURUSD 1-Day Chart, September 2, 2025 Opinions are the authors'; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. The provided publication is for informational and educational purposes only. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please refer to the MarketPulse Terms of Use. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2025 OANDA Business Information & Services Inc.

The US dollar has posted sharp gains against most of the majors on Tuesday. In the North American session,EUR/USD is trading at 1.1672, down 0.33% on the day. The euro fell as smuch as 0.84% today but has recovered most of those losses after soft US manufacturing data. Eurozone CPI ticks up to 2.1% Eurozone inflation ticked higher in August to 2.1% y/y, up from 2.0% in July. This was just above the market estimate of 2.0%. Services inflation, which has been sticky, eased to 3.1% from 3.2%. Core CPI, which excludes energy and food, was unchanged at 2.3% y/y for a fourth consecutive time, above the market estimate of 2.2%. The core rate remained at its lowest level since October 2021. The calm in inflation means that the European Central Bank is likely to continue to maintain its key deposit rate at 2.0% at the September 11 meeting. Still, the ECB has its doves who favor further rate cuts in order to kick-start the weak eurozone economy. As well, the Federal Reserve is widely expected to cut rates this month, which will put pressure on the ECB to also lower rates. The central bank has inflation under control but is also concerned about inflation undershooting the 2% target. ISM Manufacturing PMI misses forecast The US ISM Manufacturing PMI came in at 48.7 in August, up from 48.0 in July but below the market estimate of 49.0. Manufacturing has been in the doldrums, with six straight readings below 50, which indicates contraction. There was a rebound in new orders but production and employment showed declines. The weak global economy and the impact of counter-tariffs on US goods continues to dampen manufacturing activity, with little indication that the situation will improve anytime soon. EUR/USD Technical EUR/USD has pushed below support at 1.1687 and is putting pressure on 1.1662. Next, there is support at 1.1638There is resistance at 1.1711 and 1.1736 EURUSD 1-Day Chart, September 2, 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.

enCore Energy Corp.’s (NASDAQ: EU; TSXV: EU) Dewey Burdock uranium project in South Dakota has been approved for inclusion in the Fast-41 Program by the US Federal Permitting Improvement Steering Council. The program is part of the implementation of President Trump’s Executive Order on Immediate Measures to Increase American Mineral Production. Under the executive order, the Permitting Council identifies priority infrastructure and critical minerals projects to receive accelerated permitting review. Dewey Burdock is the first critical minerals project in South Dakota to be added to the federal fast-track system. enCore is currently the only uranium producer in the United States. It operates the 100%-owned Rosita central processing plant (CPP) in South Texas as well as the Alta Mesa CPP in a joint venture with Boss Energy (ASX: BOE). enCore plans to advance Dewey Burdock into development and production using the In-Situ Recovery (ISR) process. The method employs a chemical-free, water-based solution in the wellfield to dissolve uranium minerals underground, before pumping the uranium-bearing solution to a central processing plant for recovery. Compared to conventional open-pit or underground mining, ISR significantly reduces surface disturbance. The project, wholly owned by enCore, is located in Custer and Fall River counties and will recover uranium from subsurface sandstone ore bodies. The Dewey Burdock project hosts an estimated 17.1 million pounds of Measured and Indicated uranium resources at an average grade of 0.12% U₃O₈, with an additional 712,600 pounds classified as Inferred resources at 0.06% U₃O₈. Shares of enCore slipped 1% in early Tuesday trading in Toronto to C$3.24 ($2.35), valuing the company at C$608 million ($441 million).

XRP is trading below $3 after repeated rejections above $2.8 in the past 24 hours. A new chart analysis from crypto MadWhale shows the pressure building inside a descending channel that might push the XRP price down to $2.4. However, what stands out in his analysis is not just the price target; it’s the bigger question of whether XRP is starting to behave like a meme coin that is being controlled by crowd psychology and whale activity. XRP’s Psychological Cycle That Resembles Meme Coins In his analysis, which was posted on the TradingView platform, crypto analyst MadWhale outlined the repeating psychological cycle that often dominates meme coin markets and suggested that XRP may not be immune from it. The cycle begins with excitement, where social media buzz generates hype, followed by greed as traders rush in without much thought. This stage then shifts into social proof, when influencers amplify the golden opportunity narrative to pull in new investors at peak prices. It is at this very moment that whales begin quietly offloading their positions and cause the meme coin to enter a sharp correction. The result is panic selling by small traders, culminating in a capitulation where whales buy back cheap, restarting the cycle all over again. According to MadWhale, this trend is not limited to meme coins alone, but XRP’s current trading behavior is showing signs of fitting the same mold. MadWhale described whales as “masters of illusion,” capable of buying large chunks to pump the price, spread optimism, and then sell into the frenzy. This strategy is starting to create a cycle of retail fear and greed in XRP, where smaller traders are often left holding losses while whales re-enter the market at bargain prices. He noted that technical tools like Volume Profile, RSI, and the Fear and Greed Index can expose these plays. For instance, heavy volume accumulation at specific levels combined with overbought RSI readings and extreme greed sentiment show the perfect moment when whales start selling. Descending Channel Points To $2.40 Target According to MadWhale’s chart, XRP is trading within a well-defined descending channel that has shaped its price action since July 19. The repeated rejections around the $3 price zone have caused lower highs that have made it increasingly difficult for bulls to mount a sustained breakout. The most recent rejection was at $3, and the ensuing selling pressure has caused XRP to create successive 12-hour bearish candlesticks. The analyst’s projection on the chart shows a possible 14% decline to another major support resting around $2.40. This zone has been identified as the main daily support area, and reaching it would mark the latest stage of XRP’s corrective move inside the channel. On the other hand, any rebound attempts would first need to clear the $3 resistance. At the time of writing, XRP is trading at $2.80, up by 1.4% in the past 24 hours.

Markets just received the report for the US ISM Manufacturing data, which missed slightly on expectations – The monthly release came at 48.7 vs 49.0 consensus – Still in contraction territory. US manufacturing is closely monitored by participants since US President Trump's mandate to bring back US production on top – his bet still has to show more results as the ISM Manufacturing PMI is still below the key 50.0 mark. Despite the rebound from the prior 48.0 report, Tariffs are still showing that they can bite and influence data quite largely. You can access the report right here. The US Dollar is weakening after testing the highs of its range and this phenomenon is accelerating since the data release. Discover the reactions for US Equities (Nasdaq), US Treasuries and EURUSD just below. Read More: US Dollar strengthens after Labor Day – DXY technical outlookLive Market reactionsNasdaq Index 5m Nasdaq 5M chart, September 2, 2025 – Source: TradingView EURUSD 5m – US Dollar rejects its higher bound, Euro takes a breather EURUSD 5M chart, September 2, 2025 – Source: TradingView US 10Y Bonds rebound – 4H chart US 10Y Bond 4H chart, September 2, 2025 – Source: TradingView 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.

Chile’s state-owned copper giant Codelco is warning that national production could stagnate at about 5.5 million tonnes per year as the industry faces mounting challenges. Chairman Máximo Pacheco said at the Ecos de la Minería summit in Santiago the sector faces “enormous difficulties,” citing deeper mining operations, falling ore grades and rising costs. Chile is the world’s top copper supplier, and a prolonged plateau in output could tighten global markets just as demand from the energy transition accelerates. Despite the challenges, Pacheco said Codelco is pressing ahead with upgrades and new ventures. He confirmed the company remains committed to a lithium partnership with SQM in the Salar de Atacama. He also said an exploration agreement with BHP (ASX: BHP) for the Anillo copper project will be signed this week, while a joint mining plan with Anglo American (LON: AAL) could be finalized in the coming weeks. SQM President Gina Ocqueteau told local paper La Tercera she is optimistic the deal with Codelco will be ratified before Chile’s next government takes office in March. She noted the partnership’s details could be finalized sooner but warned delays would postpone revenues needed for government projects. Two hurdles remain before the lithium deal can be sealed: completion of an indigenous consultation process and approval from China’s antitrust regulator, SAMR. Ocqueteau said the consultation, led by state agency Corfo, is well advanced. On SAMR, she noted “good news and a growing sentiment” but acknowledged concerns in Beijing over global lithium supply. Awaiting minister’s blessing Chile’s Energy and Mining Minister Aurora Williams confirmed the special contract underpinning the SQM-Codelco venture has already cleared reviews by the Comptroller General and state copper agency Cochilco. “The only thing left for us to do is sign it,” she said. The contract sets terms for exploration, exploitation, environmental safeguards and economic conditions. It is slated to give Codelco majority control of SQM’s lithium production in northern Chile. If approved, it would cement a landmark partnership in one of the world’s most strategic lithium assets. Some presidential contenders have said they would review the deal or scrap it altogether if it does not come through before President Gabriel Boric leaves office, putting pressure on his administration to finalize the key pillar of its vow to boost the state’s role in lithium production.

Traders are getting back to their desks after a prolonged weekend – Both the United States and Canada were celebrating Labor Day yesterday. The week prior to Labor Day tends to see slower movement and thinner volumes and despite recent volatility, this year was not an exception. Rangebound conditions have dominated currency markets since Powell's change of tone which shook up rate expectations for the FED – The upcoming Federal Reserve meeting, coming up on September 18, is close to a promised cut (90% of a 25 bps cut priced in). Volatility is now back on its feet to kick off the month. With the UK Government bonds opening the week with fresh concerns, a huge selloff in Gilts is leading another rout in the Bond market – With the GBP hurting at the same time. Read More:GBP/USD Technical: Sterling torpedoed by spike in 30-year gilt yield These concerns combined with a failure from bears to push the Greenback below its prior week range, and rising geopolitical tension around the globe are hurting sentiment. US Index futures (pre-open for Equities) are in the red and cryptocurrencies attempted a rebound which got rejected – The US Dollar on the other hand is shining. A past week Dollar Index analysis had emitted the hypothesis that bears had the fundamentals to take control of the action, but their hesitancy paints another picture. Is a longer-run rebound close? We'll take a look at that right now. An overlook at the daily picture in the FX Market FX Market overview – September 2, 2025 – Source: Finviz Dollar Index technical outlookDXY Daily chart Dollar Index Daily chart, September 2, 2025 – Source: TradingView The US Dollar is putting up a strong bull candle ahead of today's ISM US Manufacturing report (coming up at 10:00 A.M.) Despite the current data having the potential to influence the current flows, it seems that currency markets are more looking at US bond yields that are strengthening while Index futures are weakening – this underpins the USD. Hanging around the higher timeframe 98.00 Pivot zone, the rebound is exacerbated by hesitant USD sellers – with bets on a lower dollar increasing since Jackson Hole, you can expect a failed move to see reversals like the one from today. RSI is still neutral but rising, however one thing to keep in mind is that the Friday Non-Farm Payrolls report will have the most influence on the future price action for all markets and particularly in the US. DXY 4H chart Dollar Index 4H chart, September 2, 2025 – Source: TradingView Looking closer to the 4H Chart, it seems that rangebound conditions still have a high possibility of holding – As I write this piece, mean-reversion USD sellers have appeared at the upper bound of the prior week range. Held in a range between 97.60 lows to around 98.80 since the 11th of August, participants have tried without success to provide meaningful direction to the Greenback. As always, the Non-Farm Payrolls report is making every participants hold their breath. Levels to watch for the Dollar Index (DXY): Support Levels: 98.00 Pivot (key for immediate momentum, immediate support)Lower bound of the upward channel 97.60 to 97.802025 Lows Major support 96.50 to 97.00Resistance Levels: US Dollar range Highs 98.8298.50 to 98.80 Resistance ZoneMid-line of the ascending channel and psychological level 99.50100.00 Main resistance zoneDollar Index 1H chart Dollar Index 1H chart, September 2, 2025 – Source: TradingView It will be interesting to spot if players want to prolong the already extensive moves in FX after the upcoming US ISM Manufacturing report. Don't forget to log in for our headline piece. Safe Trades and successful week! 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 is facing renewed volatility after losing the $110,000 level just a few days ago, a breakdown that has fueled uncertainty across the market. Bulls are attempting to reclaim this crucial support, but fear of a deeper correction continues to weigh heavily on sentiment. With every failed rebound, traders are left questioning whether this pullback is simply a pause within the broader uptrend or the beginning of a larger downtrend. Crypto analyst Darkfost has shared new data providing context for the current environment. Since Bitcoin’s most recent all-time high near $123,000, the asset has retraced by roughly -12%. According to Darkfost, this move remains well within the boundaries of a normal correction, especially when compared to historical pullbacks in previous bull cycles. Such corrections are often healthy, serving to reset leverage, cool overheated sentiment, and create fresh entry points for long-term investors. While uncertainty remains in the short term, history suggests that Bitcoin’s current retracement does not necessarily signal the end of the cycle. Instead, it may represent a period of stabilization before the next major move. Bitcoin Correction Aligns With Historical Patterns According to Darkfost, Bitcoin’s current retracement should be viewed within the broader context of this cycle rather than as a sign of structural weakness. Looking more closely, since the first all-time high in March 2024, the largest drawdown recorded so far reached 28%. Importantly, Bitcoin has not corrected more deeply than that throughout the ongoing bull market. Historically, the most severe pullbacks in bullish phases have averaged between -20% and -25%, placing the present move well within the expected range. With Bitcoin now down roughly 12% from its latest all-time high of $123,000, the retracement is still modest compared to prior cycle corrections. Darkfost emphasizes that this behavior is not unusual and could even extend further without breaking the underlying bull trend. In fact, such drawdowns are often healthy and necessary in long-term uptrends. They serve several functions: flushing out excessive leverage in the derivatives market, cooling down overheated sentiment, and shaking out short-term speculators. At the same time, they create new entry opportunities for investors who may have missed earlier stages of the rally. For long-term holders and institutions, these phases are less about panic and more about preparation. Historically, similar corrections have preceded renewed strength, as Bitcoin stabilizes before resuming its upward trajectory. If the current pattern holds, this retracement may ultimately strengthen the market foundation, setting the stage for the next leg of growth. Testing Recovery Level After Deep Pullback Bitcoin is attempting to recover after a sharp correction that took the price down to the $108K region. As shown in the chart, BTC recently bounced back above $110K but continues to struggle to sustain momentum. The rejection from the $123K zone marked the cycle’s most recent all-time high, and the market has since been in a retracement phase. The 12-hour chart highlights how BTC dipped below its 200-day moving average (red line) but quickly rebounded, signaling that bulls are still defending this crucial support. The 50-day (blue) and 100-day (green) moving averages, however, are trending downward, suggesting that pressure remains in the short term. BTC will need to reclaim the $112K–$115K zone to shift sentiment back toward bullish momentum. On the downside, losing the $108K level could open the door to a deeper correction toward $105K or even the $101K region, where the 200-day MA sits as the last line of defense. Bitcoin is consolidating in a fragile position. A decisive move above $115K could reignite bullish momentum, but failure to hold current support may confirm a prolonged correction phase before any attempt at a new all-time high. Featured image from Dall-E, chart from TradingView

South Korea will implement the Organization for Economic Cooperation’s (OECD) Crypto-Asset Reporting Framework (CARF) starting next year. The country’s Ministry of Strategy and Finance officially launched the Information Exchange Agreement on 2 September 2025. What does this mean for crypto investors? Data on foreign investors using Korean exchanges will be shared with their home tax authorities, and records of Koreans trading overseas platforms will be reported to Korea’s National Tax Service. According to local media, a Ministry official said, “This is a separate matter from taxation.” The official added, “The purpose is to establish detailed regulations for implementing the Virtual Asset Information Exchange Agreement.” The move aligns South Korea with a 48-nation pledge to activate CARF by 2027. South Korea’s adoption of cross-border reporting of digital transactions will close offshore loopholes. EXPLORE: 9+ Best High-Risk, High-Reward Crypto to Buy in September 2025 Exchanges Like Upbit, Bithumb Will Have Identifying, Transactional Data Collected Foreign investors trading Bitcoin and other crypto assets on Korean venues such as Upbit and Bithumb will have identifying and transactional data collected. The data will then be shared via CARF to their home authorities from 2027. Details of Korean nationals investing in overseas asset exchanges will also be shared with National tax Service (NTS). Currently, the NTS requires voluntary reporting of overseas financial accounts holding more than KRW 500 million in stocks, deposits and virtual assets. According to the NTS, the amount of overseas virtual assets reported this year reached KRW 11.1 trillion, an increase of KRW 700 billion from the previous year. “Under the Virtual Asset Information Exchange Agreement, domestic virtual asset operators will be required to report personal information and transaction information of residents of partner countries to their respective tax authorities starting next year,” the report said. “This information sharing will begin in 2027, but transaction records will be included starting next year.” EXPLORE: 10+ Crypto Tokens That Can Hit 1000x in 2025 Tether, Circle Court South Korean Banks As Nation Prepares Stablecoin Regulatory Framework South Korea is now actively in the global race to regulate stablecoins. America’s recent push with the GENIUS Act and the CLARITY Act is clearly the catalyst in South Korea’s move to establish a formal regulatory framework. In August 2025, executives from the world’s two largest stablecoin issuers, Tether and Circle, landed in Seoul to hold meetings with the country’s financial leaders and regulators. South Korea’s Central Bank – Bank of Korea (BoK) Governor Lee Chang-yong met Circle President Heath. “Koreans must have access to stablecoins denominated in their own currency when buying and selling digital assets or making international remittances,” said Tarbert. Meanwhile, rival Tether took a lower-profile approach. CEO Paolo Ardoino met with executives from Hana Bank and KB Bank. Read More: Tether And Circle Court South Korean Banks As Nation Prepares Stablecoin Regulatory Framework Key Takeaways Under CARF, information exchange will involve sharing all overseas virtual asset transaction details with tax authorities, regardless of value. CARF applies across transaction sizes, in contrast to Korea’s separate rule that requires residents to report overseas financial accounts exceeding KRW 500 million. The post South Korea to Begin Global Sharing of Crypto Transaction Data in 2027 appeared first on 99Bitcoins.

As BTC ▲0.09% finally is holding above $110K, hackers are making headlines today in the crypto world, with recent attacks on BunnyXYZ and the Venus protocol. On Ethereum and Unichain, BunnyXYZ suffered a confirmed exploit resulting in $8.4 million in losses—$6 million drained from Unichain and $2.4 million from Ethereum. The attacker has since bridged all stolen funds over to Ethereum. The root cause appears to be a precision error in the protocol’s pool mechanics. The attacker reportedly performed a large swap to manipulate the price tick, then triggered repeated withdrawals to exploit the precision loss, before swapping back for profit. But Venus suffered even a bigger attack. EXPLORE: Best New Cryptocurrencies to Invest in 2025 Venus Crypto Hack: $27 Million Stolen in Phishing Attack Meanwhile, blockchain data from the Binance Smart Chain shows that a major Venus protocol account (0x56…2008) was likely compromised, involving over $27 million. Security firm PeckShield reports that the user may have fallen victim to a phishing attack, unknowingly granting approval to a malicious address. This allowed the attacker to transfer the funds directly to 0xe04efd87f410e260cf940a3bcb8bc61f33464f2b. (Source: DeBank) The BunnyXYZ and Venus exploits serve as stark reminders that even minor technical flaws or user mistakes can lead to significant financial losses. These attacks highlight the growing threat of hackers in the crypto ecosystem. Stay safe out there! Crypto Market Flows: What’s Happening Beyond the Hacks? The past week showed a clear return of institutional interest. Crypto ETFs pulled in around $2.5 billion, bouncing back from the previous week’s $1.4 billion in outflows.ETH ▼-1.89% led with $1.4 billion in new inflows, while Bitcoin ETFs added $748 million. But prices didn’t fully follow that optimism. BTC ▲0.09% slipped from above $113,000 to below $108,000, and total crypto fund assets under management fell 7% to about $219 billion as the market cooled. Meanwhile, SOL ▼-0.17% is once again outperforming both Bitcoin and Ethereum on the bounce from the recent market-wide pullback, trading around $203.60 (+3.19%). This steady relative strength is another sign of where momentum in the market is leaning: toward Solana and its growing ecosystem. SolanaPriceMarket CapSOL$107.87B24h7d30d1yAll time Stay tuned to our real-time updates below. 28 minutes ago South Korea to Begin Global Sharing of Crypto Transaction Data in 2027 By Fatima South Korea will implement the Organization for Economic Cooperation’s (OECD) Crypto-Asset Reporting Framework (CARF) starting next year. The country’s Ministry of Strategy and Finance officially launched the Information Exchange Agreement on 2 September 2025. What does this mean for crypto investors? Data on foreign investors using Korean exchanges will be shared with their home tax authorities, and records of Koreans trading overseas platforms will be reported to Korea’s National Tax Service. According to local media, a Ministry official said, “This is a separate matter from taxation.” The official added, “The purpose is to establish detailed regulations for implementing the Virtual Asset Information Exchange Agreement.” The move aligns South Korea with a 48-nation pledge to activate CARF by 2027. South Korea’s adoption of cross-border reporting of digital transactions will close offshore loopholes. Read The Full Article Here 1 hour ago SharpLink Boosts Ethereum Holdings to 837K ETH Worth $3.6B By Fatima SharpLink has significantly expanded its Ethereum position, acquiring 39,008 ETH at an average price of around $4,531. This brings its total holdings to 837,230 ETH, valued at approximately $3.6 billion as of August 31, 2025. Key Developments (Week Ending August 31, 2025) Raised $46.6 million through its at-the-market (ATM) facility Added 39,008 ETH at ~$4,531 average Earned 2,318 ETH in staking rewards since June 2 launch ETH concentration rose to 3.94, up 97% since June 2 Maintains over $71.6 million in cash reserves for future deployment In related accumulation news, Bitmine purchased another 153,075 ETH (worth ~$668 million) last week, bringing its total Ethereum holdings to 1,866,974 ETH (~$8.15 billion). The post [LIVE] Latest Crypto News, September 2 – Hackers Shake Market as Bitcoin Holds $110K: $8.4M BunnyXYZ Exploit and $27M Venus Crypto Hack appeared first on 99Bitcoins.

Dogecoin could see its first meaningful turn higher around September 13, according to crypto analyst VisionPulsed, who argues the current drawdown fits a post-halving template in which markets remain weak until roughly 510–511 days after Bitcoin’s supply cut before staging a final run. In a video published on September 1, he told viewers, “I would argue starting around September 13th, the selling may subside… 511 days post halving last cycle, we were already going back up. 511 days post halving the cycle before that we were already going back up.” Dogecoin Pain May End September 13 The analyst frames the present weakness as part of a longer, slower cycle characterized by extended ranges rather than deeper collapses. “Unfortunately, we’re still going down,” he said, adding that in this cycle “the corrections have been longer… every time we go sideways, it’s forever.” He points to historical windows of September weakness—citing September 2–26 in 2021 and a shorter November dip in 2017—as signposts that align, by coincidence or causality, with the post-halving rhythm he tracks. VisionPulsed’s timing call is backed by the liquidity gauge M2, which he contends continues to correlate with crypto leadership even as that leadership rotates between assets. “Some people are saying the M2 doesn’t work anymore. I would disagree,” he said. In his view, the indicator “followed Solana basically to the tee” in 2023, then tracked Bitcoin, and more recently has matched flows into Ethereum and BNB as Bitcoin dominance fades. “Let’s not pretend BNB is not going up with the liquidity,” he said, while conceding, “I’m not going to sit here telling you that I know exactly where the liquidity is going to go next… I don’t know.” That leadership rotation, he argues, helps explain why some large-cap tokens lag. “Maybe our coins are not getting affected by the liquidity ’cause our coins are rubbish,” he said. He suggested that assets which already printed cycle-highs may see limited additional upside, extending the same logic to Bitcoin by arguing its ultimate peak may be closer than many expect: “Maybe it’s $140,000. Maybe it’s $130,000. It’s not going to $200,000.” He also claimed that XRP’s structure shows prior all-time highs on his charts, adding that it has not been participating in the latest liquidity impulse. For Dogecoin specifically, the analyst’s base case is that it remains down the market-cap leaderboard and has yet to benefit from the liquidity rotation that favored Bitcoin first, then Ethereum and BNB, with “slight” spillover to Solana. He cautioned that a broader “altseason” remains contingent on traditional risk appetite, pointing to the Russell 2000’s inability to break to new highs. “Until we have that present, I really wouldn’t be looking for an alt season,” he said, quantifying the lag between prior halvings and a confirmed small-cap equities breakout as roughly 18 days, then 123 days, then 190 days—versus more than 480 days without such a breakout in the current cycle. “Yes, this is the worst market cycle to date,” he said. “There’s no question. But that doesn’t mean it has to not happen. It just might be taking longer than we might have wanted it to.” While he pins September 13 as the earliest window for relief, VisionPulsed warned that the subsequent liquidity setup is noisier. He highlighted a zone from roughly September 14 to October 24 in which his M2 gauge tends to get “wonky,” noting that previous instances still allowed for a final all-time-high push even as the underlying measure wavered. “Will we go up for a top or will we just be bearish forever and ever? We’re going to find out together,” he said. For now, he concluded, “we are still bearish as of now,” emphasizing that the thesis is probabilistic and time-dependent rather than a guarantee. At press time, DOGE traded at $0.21.

The Japanese yen is sharply lower on Tuesday and has fallen to a two-week low. In the European session, USD/JPY is trading at 148.62, up 1.0% on the day. BoJ Deputy Governor says rate hike coming Bank of Japan Deputy Governor Ryozo Himino said on Tuesday that the central bank would raise rates if conditions were appropriate. Himino said there were "upside and downside risks for economy and inflation", citing the tight labor market and global economic uncertainty as upside inflation risks and tariffs and commodity prices as downward price risks. Himino said that the impact of US tariffs could be "smaller or larger than expected" and the BoJ woul have to carefully assess the situation. The remarks reflect a genuine uncertainty over the tariffs, as US President Trump has been erratic is his trade policy. Japan and the US have reached a deal in which most Japanese products will be tariffed at 15%, but some sticking points remain, such as Japan's import of US rice. Himino didn't provide any clues as to the timing of a rate hike but the markets are anticipating a hike in October or December. US Treasury Secretary Scott Bensen called out the BoJ in August, saying it had fallen behind the curve in the fight against inflation and needed to raise rates. Those hawish remarks raised expectations of a rate hike. The deputy governor added that underlying inflation is still below the 2% target but it is rising and will hit the target. This is another hawkish signal from the BoJ that it plans to move towards normalization and a rate hike is only a question of timing. ISM Manufacturing PMI expected to contract The US will release ISM Manufacturing PMI later today. Manufacturing has been in the doldrums, with five straight readings below 50, which indicates contraction. The market estimate for August stands at 49.0, which would be an improvement from the July reading of 48.0, the weakest level since October 2024. The weak global economy and the impact of counter-tariffs on US goods continues to dampen manufacturing activity. USD/JPY Technical USD/JPY has pushed above resistance at 147.22 and is putting pressure on 147.83. The next resistance line is 148.31146.74 is providing support USDJPY 4-Hour Chart, September 2, 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.

XRP price and DeFi activity are under fire again, with Swift’s Chief Innovation Officer Tom Zschach, calling Ripple a ‘dead chain walking’ “Surviving lawsuits isn’t resilience. Neutral, shared governance is,” Zschach wrote in a LinkedIn post. “ He continued: “Institutions don’t want to live on a competitor’s rails. Compliance isn’t about one company convincing regulators it should be allowed to operate. It’s about an entire industry agreeing on shared standards that no single balance sheet controls.” (Source: LinkedIn) You can type aggressively on your keyboards, but Zschach’s comment highlights a growing belief in traditional finance that stablecoins and networks like Circle’s USDC are better positioned to become the backbone of next-generation settlement systems. Moreover, XRP’s DeFi picture is dying compared to Ethereum, Solana, Sui, and SEI crypto. Should you be worried as an XRP trader? XRP DeFi Struggles: Why Are Ethereum and Solana Leaving Ripple Behind? (Ethereum at $96.9Bn vs XRP at $87M) The numbers paint a difficult picture for XRP. According to DeFiLlama, the XRP Ledger (XRPL) has a total value locked (TVL) of just $87.85 million, with daily decentralized exchange volume below $70,000. Compare this to Ethereum, which dominates DeFi with $96.9 billion TVL, or Solana with $11.27 billion TVL. Coinbase’s Base chain, which has only been active since 2023, has already pulled in nearly $5 billion in total value locked. It’s a stark reminder of how far XRP trails its peers. (TheBlock) Data from TheBlock tells a similar story in derivatives. XRP’s futures open interest remains a fraction of Ethereum’s or Solana’s, reflecting weak institutional participation. The gap points to an ecosystem still struggling to generate the kind of network effects that draw developers and large enterprises. DISCOVER: 9+ Best High-Risk, High-Reward Crypto to Buy in July 2025 Can XRP Development Save Ripple’s Network From Decline? Ripple has introduced upgrades to stimulate XRPL usage, including: Automated Market Makers (AMMs) with new liquidity pools. RLUSD, Ripple’s own stablecoin, alongside Circle’s launch of a native USDC on XRPL. An EVM sidechain to improve Ethereum compatibility. According to community figures, growth depends less on hype and more on builders driving projects forward. Adam Kagy, co-founder of an NFT marketplace, put it bluntly: “Enterprises will not build on networks with little retail participation or on-chain activity.” DISCOVER: Top 20 Crypto to Buy in 2025 Does XRP Still Have a Future in Enterprise Blockchain Adoption? XRPPriceMarket CapXRP$165.47B24h7d30d1yAll time How anyone thinks Ripple is anything but centralized is truly a mystery. It’s why former Ripple CBDC advisor Antony Welfare stressed the importance of enterprise-grade infrastructure. He pointed to Hyperledger Besu, which processes 10% of Ethereum transactions, as proof that reliability drives institutional trust. For XRP, the challenge is clear: It must show it can handle high-throughput, enterprise-level adoption without centralization risks. Otherwise, the rise of stablecoins and compliance-friendly competitors will wreck it. EXPLORE: Can ETF Approval Push Ripple to $7? Why Analysts See $4 and $7 as the Next XRP Price Predictions Join The 99Bitcoins News Discord Here For The Latest Market Updates Key Takeaways Now that XRP is dead, what’s next? That’s not our question, but the one of Tom Zschach, Chief Innovation Officer at Swift Re-Inventing According to community figures, growth depends less on hype and more on builders driving projects forward. The post Now That XRP is Dead, What’s Next? Swift Executive Calls Ripple a Dead Chain Walking appeared first on 99Bitcoins.

US manufacturing is saved! Or at least that’s what crypto investors are waiting to find out as markets brace for a pivotal Tuesday and fresh manufacturing PMI data, as new US economic data could shape the next leg of financial and crypto market sentiment. The spotlight will be on the Manufacturing PMI (forecast: 53.3, previous: 49.8) at 9:45 AM ET, followed by the ISM Manufacturing PMI (forecast: 48.9, previous: 48.0) at 10:00 AM ET. Manufacturing is the only part of the economy that matters: wealth creation comes from value-added manufacturing. Services only exist to support manufacturing. (Source: X) Wait, maybe that wasn’t the right Twitter post? Eh, no, it works. Analysts expect the ISM number to remain in contraction but edge closer to the 50 threshold. “98–100k is the level to watch. We lose that and officially confirms the bull run being over,” one trader wrote on X, tying equity and crypto market direction to industrial strength. So what should you expect for crypto news today? Key US Manufacturing PMI and ISM Data to Watch on September 2. Does the Manufacturing PMI Point to a September Fed Rate Cut? Equity markets are often glued to PMI releases. Historically, better-than-expected prints have fed risk-on trades in stocks and digital assets; disappointments have had the opposite effect. The next reading matters, and if we’re above 49.5, the recovery story holds; below, the correction drags on. (Source: US Empire Index) July’s economic signals gave no clear verdict on whether the US economy was recovering. Capital goods orders rose 1.1% and shipments 0.7%, showing equipment demand has not disappeared. Yet regional surveys were fractured, with the Empire index flashing growth while Dallas stayed weak. It’s a reminder that U.S. industry is still far from uniform. DISCOVER: Top 20 Crypto to Buy in 2025 From Manufacturing to Tech: How the US Economy Shifted The policies that built America’s industrial dominance, rising wages, labor protections, and safety regulations, also raised production costs. By the 1980s, US factories were undercut by cheaper overseas competition. Fast-forward to 2025, and President Donald Trump’s solution of tariffs and subsidies has had the opposite of the intended effect, so far at least, stoking inflation and driving consumer prices higher. (Source: US Bureau of Labor Statistics) The structural shift that followed is an ancient prophecy at this point. Manufacturing gave way to technology and services, sectors built to scale with far fewer costs. Apple outsourced production abroad, while design and research stayed at home, signaling where American value creation had moved. DISCOVER: 9+ Best High-Risk, High-Reward Crypto to Buy in July 2025 Will the US Manufacturing PMI Point to a September Fed Rate Cut? Despite its long-term decline, manufacturing continues to shape market mood because it mirrors the state of the wider economy. A move by PMIs toward neutral would fit the soft‑landing narrative. Polymarket investors expect two 25-basis-point rate cuts in 2025, likely in September and December, according to CME FedWatch and recent surveys. However, projections may shift as analysts from Goldman Sachs and others forecast up to three cuts, contingent on future inflation and labor data. EXPLORE: Can ETF Approval Push Ripple to $7? Why Analysts See $4 and $7 as the Next XRP Price Predictions 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 Fed Rate Cut in September? What US Manufacturing PMI Data Really Signals appeared first on 99Bitcoins.

Shiba Inu’s active addresses have crashed over 50% in three months, providing a bearish outlook for the top meme coin. This development has also coincided with the SHIB price crash during this period. Shiba Inu’s Active Addresses Crash Over 50% Santiment data shows that Shiba Inu’s active addresses have crashed by over 50% since they peaked on May 2 at around 7,800. Since then, this metric has been on a downtrend, dropping to as low as 2,500 earlier in June. Now, the number of active SHIB addresses is currently at an average of 3,000. The drop in Shiba Inu’s active addresses has followed the crash in the SHIB price. Notably, the meme coin reached a peak of around $0.17 in May and has been in a downtrend since then. CoinMarketCap data shows that Shiba Inu is down over 10% from its 3-month high in May. SHIB’s decline has occurred despite the bullish sentiment in the broader crypto market. During this period, Bitcoin and Ethereum have rallied to new all-time highs (ATHs). However, the SHIB price has underperformed despite its positive correlation to the flagship crypto assets. Meanwhile, Shiba Inu’s network growth also paints a bearish picture for the meme coin. Santiment data shows that this metric has been on a downtrend since it peaked in July. Back then, the network growth hit 2,309 in reference to the number of new users adopting Shiba Inu. Since then, the network growth has spiraled down, dropping to as low as 1,078 on September 1. However, a positive for the SHIB price is that the number of holders has increased during this period. Santiment data shows that the total number of SHIB holders has increased during the past three months and is currently at 1.53 million. This suggests that investors continue to believe in the SHIB price’s trajectory, despite its underperformance so far. The meme coin is down over 43% year-to-date (YTD). SHIB Price Confirms Bullish Pattern From a technical analysis perspective, crypto analyst Javon Marks has also provided a bullish outlook for Shiba Inu. In an X post, he stated that the SHIB price has confirmed a bullish pattern in a regular bull divergence, as indicated by the MACD Histogram. Marks explained that this suggests that a major bullish reversal back to the upside may be on the horizon. This could include a rally of over 163% to the $0.00003 range, which the analyst claimed may only be the start. As the SHIB price continues to hold its breakout over an older structure, he predicted that the meme coin could record a rally of over 570% to the $0.000081 breakout target. At the time of writing, the Shiba Inu price is trading at around $0.00001228, up over 2% in the last 24 hours, according to data from CoinMarketCap.

Ecuador-focused SolGold (LON: SOLG) has moved its tax domicile to Switzerland as it pushes its flagship Cascabel copper-gold project into development. The shift, effective August 28, includes the relocation of chief executive Dan Vujcic to Europe. SolGold delisted from the Toronto Stock Exchange in June, but kept its primary listing in London and is weighing an additional listing as part of its corporate overhaul. A key element of the restructuring is the consolidation of full ownership of Cascabel under SolGold Finance AG, its Swiss subsidiary. The move brings the project in line with existing royalty and stream agreements, placing 100% ownership under one entity. “As we advance Cascabel into development, we are not only simplifying and improving our execution plan, but also our corporate structure with the express aim of unlocking substantial value for our shareholders,” Vujcic said. The executive added that establishing a Swiss base would generate a “sizable uplift to post-tax cash flow over the life of mine,” making the project more financeable and improving its already strong economics. The shift comes as the company, backed by some of the biggest names in the industry, including BHP (ASX: BHP) and Newmont (NYSE: NEM), is working on options to to bring Cascabel into production three to four years ahead of schedule. The company sees the mine as a potential multi-generational asset, ranking among the 20 largest copper-gold operations in South America. The new structure aims to sharpen financial performance, enhance shareholder value through tax efficiency, and attract investors amid geopolitical uncertainty and shifting global supply chains.

Asia Market Wrap - Nikkei Arrests Two-Day Slide Most Read: GBP/USD Technical: Sterling torpedoed by spike in 30-year gilt yield, watch the 1.3315/3280 key support The Asian session saw muted trade this morning as market participants waited for the U.S. markets on Wall Street to open after their long holiday weekend. In Japan, the Nikkei recovered after two successive days of losses. Investor confidence was boosted by two main factors: the hope that the U.S. Federal Reserve will cut interest rates soon, and strong sales reports from Japanese department stores. It was an up-and-down day of trading. The Nikkei was down at one point, but it recovered to finish the day with a small gain of 0.3%. Another major Japanese stock index, the Topix, had an even better day, rising by 0.6%. Market participants are looking to the U.S. for direction, especially since September has often been a weak month for stocks. Similarly, markets across Asia were mixed, going up and down by small amounts without any clear trend. The biggest activity in the Asian session came from Gold where the precious metal printed a fresh all-time high. Gold sailed past $3,500 per ounce to a high of $3508.5/oz before settling and then falling back to trade at $3476/oz at the time of writing. For more on Gold prices, read Gold (XAU/USD) Technical: Bullish acceleration supported rising implied volatility. European Open - European Stocks Retreat Long-term bond yields in Britain and France reached their highest levels in more than ten years. This happened because investors are increasingly worried about the financial situation of countries worldwide. When bond yields go up, their prices go down. The yields on very long-term bonds, like 30-year ones, have been rising globally. Investors are concerned about the large amount of debt in countries from Japan to the United States, but Britain and France are especially in the spotlight. This concern also hurt the stock market. Europe's main stock index, the Stoxx 600, dropped by 0.6%, with real estate stocks that are sensitive to interest rates falling by almost 2%. The FTSE and DAX stock indexes also went down in early trading, by 0.3% and 1.14%, respectively. On the FX front, the British pound dropped more than 1% against the dollar to 1.3402, making it the weakest it's been against the euro in almost a month. The U.S. dollar went up by 0.86% against the Japanese yen, reaching 148.47 yen. The euro also strengthened against both the pound and the yen, rising by 0.5% and 0.3%, respectively. Overall, the dollar's value increased by 0.7% against a group of other major currencies. Currency Power Balance Source: OANDA Labs Oil prices increased on Tuesday. This was due to growing concerns that the conflict between Russia and Ukraine could disrupt oil supplies. The market was also trying to figure out if new U.S. jobs data would be weak enough to cause the Federal Reserve to cut interest rates. Brent crude oil went up by $1.12, or 1.6%, to $69.27 per barrel, while U.S. West Texas Intermediate crude rose by $1.77, or 2.77%, to $65.78 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? Eurozone Inflation Data In August 2025, consumer prices in the Euro area went up by 2.1%, which was a bit more than what was expected and also a little higher than July's rate. This was mainly due to food prices, which increased by 5.5%, and energy costs, which didn't drop as much as they did the month before. At the same time, the cost of services went up a little less, and prices for things like processed food, alcohol, and tobacco also rose at a slightly slower rate. The cost of non-energy industrial goods stayed the same. The core inflation rate, which doesn't include prices for energy, food, alcohol, and tobacco, stayed at 2.3%—its lowest since January 2022. Economic Data Releases and Final Thoughts Looking at the economic calendar, the European session will be quiet moving forward after Euro Area inflation data was released.. The US session will bring some high impact data in the form of PMI data. Service data is always important for the US as it is largely a service driven economy. Moving forward, sentiment will be key and likely hinge on any news on the geopolitical front ahead of US jobs data this week. 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 continued its slide after finding resistance at the confluence area around the 24000 handle. The Index is down around 1.3% on the day and now testing the 100-day MA which rests at the 23700 handle. Failure to hold here could see the index extend its losses toward the swing low at 23384 before the 23212 handle comes back into focus. A move higher here will first need to break above the 24000 handle and the 20 and 50 day MAs resting just above. If the DAX is able to clear those hurdles, then a retest of the top of the bull flag pattern may materialize. DAX Daily Chart, September 1. 2025 Source: TradingView.com (click to enlarge) Follow Zain on Twitter/X for Additional Market News and Insights @zvawda Opinions are the authors'; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. The provided publication is for informational and educational purposes only. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please refer to the MarketPulse Terms of Use. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2025 OANDA Business Information & Services Inc.

Overview: A broadly stronger US dollar greets the returning North American participants from the long holiday weekend. The greenback has risen by 0.7% or more against most of the G10 currencies. The Norwegian krone and Canadian dollar have fared best and are off less than 0.2%. Sterling is bearing the brunt. It is off nearly 1.15%. The yen is down more than 1% amid a rise in the US (and European yields) and the resignation by the leaders of the LDP, leaving Prime Minister Ishiba even more isolated. Most emerging market currencies are also weaker. with the central European currencies down most. The pressure appears to be emanating from the bond market. Benchmark 10-year yields are mostly 3-5 bp higher in Europe. The 10-year US yield, which has fallen by almost nine basis points over the past two weeks, is up around 5.5 bp to a little above 4.28%. The 30-year bond yields are also jumping 4-5 bp in Europe and the US. The jump in yields also appears to be taking a toll on equities. In the Asia Pacific region, among the large markets, only Japan, South Korea, and Singapore managed to rise. Europe's Stoxx 600 is off 0.65%-0.70%, while US index futures are trading 0.35%-0.60% weaker. Gold reached a record high (~$3508.75) in Asia Pacific turnover before pulling back to almost $3470 in early European activity. October WTI rose by about 0.5% last week and soared by almost 3% today to nearly $66, its best level since August 4. OPEC+ meets this coming weekend, but most expect it to hold production steady. USD: The Dollar Index slipped through the August low (~97.55) yesterday, recording the third consecutive session with lower, higher, and lower lows. It rallied back and reached a four-session high near 98.40. Although intraday momentum indicators are stretched, the dollar squeeze may not be over. The 98.60 area corresponds to the (38.2%) retracement of last month's decline. The focus this week is on the labor market, where the recent weakness is going to spur the Fed to begin adjusting monetary policy again. Yet, at 2.6%, the PCE deflator is unchanged from what it finished last year. As Fed Chair Powell noted recently, even if the tariffs boost price is a one-time event, the tariffs are being rolled out and implemented continuously. And now the legal authority that the president has been claiming to implement most of the tariffs has been called into question by two separate courts. Meanwhile, the decision on Governor Cook's case may be handed down today or tomorrow. Today's data includes the final August manufacturing PMI, which runs hotter than the ISM manufacturing that is also due, alongside July construction spending. There may be headline risk but the legal developments and Friday's jobs report more important. EURO: Yesterday, the euro extended its recovery seen in into the end of August and reached $1.1735. Last month's high was almost $1.1745. It is snapping a three-day rally with a setback that has extended to $1.1635 so far today. Nearby support is seen in the $1.600-10 area. Initial resistance is new pegged around $1.1655-60. After the four large members of the EMU reported August CPI figures at the end of last week, the preliminary aggregate estimate was no surprise. Prices rose by 0.2% in August after a flat reading in July. At an annualized rate, eurozone CPI has risen by about 2.0% over the past three months. Due to the base effect, the year-over-year rate edged up to at 2.1% (from 2.0%), while the core rate was unchanged at 2.3%. The ECB meets next week, and the economic projections will be updated. Meanwhile, the French government looks poised to fall after next week's confidence vote. President Macron will either try the same (failed) strategy under a new prime minister or call new parliamentary elections, a gamble two years ago for which he (and France) is still paying the prices. France now pays around 18 bp more than Greece to borrow for two year and 11 bp more to borrow for 10-year. CNY: After falling to a new low for the year end of last week against the offshore yuan (~CNH7.1160), the dollar bounced yesterday to CNH7.1325. The gains have been extended to almost CNH7.15 today. The CNH7.1530-70 may offer resistance. Over the weekend, China reported that is August PMI ticked up slightly. Manufacturing remained below the 50 boom/bust level while non-manufacturing holds a little above. The Caixin PMI has been rebranded as "RatingDog" and its manufacturing PMI ticked up to resurface above 50 after dipping to 49.5 in July. The PBOC has been actively lowering the dollar's reference rate and allowing the yuan to strengthen. Last week, the reference rate fell by about 0.40%, the largest weekly decline in late September 2024. It increased yesterday (CNY7.1072 vs. CNY7.1030 at the end of last week), and a little more today: CNY7.1089. While many observers bemoan the under-valued yuan for the aid it ostensibly gives exports, we suspect they will be even more unhappy if the yuan is allowed to strengthen and allows Chinese companies foreign direct investment push more advantageous. JPY: After being confined to narrow ranges of the past few sessions, the dollar surged today. It has reached almost JPY148.80, its highest level since August 1. It approached the 200-day moving average (~JPY148.90). There are two drivers. The first is the one we are accustomed to, namely a jump in US rates. The 10-year Treasury yield is up five basis points. That Japan long-end rates are firm does not matter so much in the first instance. Second, senior LDP leaders have resigned. This includes Prime Minister Ishiba's ally, LDP Secretary General Moriyama. The LDP policy chief Onodera and general counsel Suzuki also stepped down. It adds to the pressure on Ishiba to resign as well. Separately, at the end of last week, it was reported that Tokyo's headline and core inflation have moderated for three consecutive months. We also learned last week, the retail sales (1.6% month-over-month compared with -0.2% expected in Bloomberg's survey) and industrial output (-1.6% too compared with a median forecast of a 1.1% decline) disappointed in July. Yesterday, Japan reported that in Q2, on the back of a 0.8% year-over-year increase in sales, profits rose by 0.2%. The final manufacturing August PMI was slipped from the 49.9 preliminary estimate to 49.7, but the market pays little attention to the Japan's PMI. For the past three months, the swaps market has ranged from discounting around eight basis points to cut to 24 bp. It has fallen back to about 15 bp today from around 18 bp yesterday. GBP: Sterling edged higher on the back of the weaker dollar yesterday and extended last week's advance to $1.3550. Despite a reshuffling of Prime Minister Starmer's economic advisors, sterling has been sold sharply today, even as Gilt yields jump. Sterling has been pushed though $1.3400 to almost $1.3375 today, its lowest since August 7. It has nearly retraced half of last month's advance (~$1.3370). The next retracement (61.8%) is around $1.3315. The market showed little reaction yesterday to the July consumer credit and mortgage data, and the final August manufacturing PMI was softer at 47.0 from 47.3 (confirming the decline from 48.0 in July). The final services and composite PMI are due tomorrow. The highlight of the week is the July retail sale report on Friday. Fiscal worries continue to build. In August, the 10-year Gilt yield rose by nearly 12 bp, the most in the G10 after France, where the 10-year yield rose by 15 bp. However, the implied year-end rate also rose 12 bp in the UK but only 3-4 bp in the eurozone. CAD: Canada was also on holiday yesterday, and the greenback did not venture far. It was confined to about CAD1.3735-CAD1.3760. Amid the broader US dollar gains today, it has risen to almost CAD1.3785. There may be scope for additional gains toward CAD1.3800 initially. The market is still digesting the disappointing GDP report at the end of last week. The economic contraction was more than twice the 0.7% decline anticipated by the median forecast in Bloomberg's survey. The deterioration of the trade balance and decline in investment in nonresidential structures and capital equipment offset the increase in consumption and inventory accumulation. The market understood the magnitude of that the contraction increased the chances of a cut at next week's meeting. The odds now stand around 50%, up from about 37% a week ago. There are two important data points ahead of the meeting. The first is Friday's employment report, and a modest recovery is expected after Canada shed 40.8k jobs in July (51k full-time positions), but it is probably not sufficient to prevent another rise in the unemployment rate back to May high of 7.0%, the highest since the pandemic impact was unwinding. The day before the Bank of Canada meets (September 17) the August CPI will be reported. Given that last August, the CPI fell by 0.2%, the base effect warns of a firmer year-over-year rate and sticky underlying core rates. AUD: The Australian dollar reached $0.6560 yesterday, its best level since the August high was recorded near $0.6570 on August 14. However, it has come under strong pressure today and tested support near $0.6500 and frayed the 20-day moving average. A convincing break of the $0.6500 targets the $0.6470-80 area next. Earlier today, Australia reported that is Q2 current account deficit narrowed to A$13.7 bln from A$14.1 bln in Q1 (initially A$14.7 bln). Q2 GDP due tomorrow. The economy is thought to have accelerated from 0.2% in Q1 to 0.5% in Q2. Quarterly GDP rose by an average of 0.4% last year and almost as much in 2023 and nearly double that in 2022. After cutting rates in August, the bar to a back-to-back cut seemed high and the data will fall short. The RBA is on hold this month, but another rate cut is expected in one of the two meetings in Q4, and the market favors the November meeting. The cash target rate is at 3.60% and the market expects a terminal rate near 3.0%. MXN: The dollar held above MXN18.60 yesterday and recovered to little changed levels in thin dealings to settle near MXN18.6650. Today, the greenback approached last week's high (~MXN18.7980) amid the general risk off mood. Mexico's most interesting data of the week was arguably reported yesterday. The August manufacturing PMI rose above 50 in August for the first time since June 2024 (50.2 vs 49.1 in July). The IMEF surveys (similar to PMI) did not confirm the optimism of the PMI. The manufacturing IMEF firmed to 45.6 in August from a revised 45.3 in July. (initially 45.5). The non-manufacturing IMEF rose to 49.9 from a revised 49.3 (initially 49.1). Worker remittances, the largest source of foreign currency, appear to be slowing. The rolling 12-month moving average peaked last November. March was the last month that the 2025 remittances exceeded the 2024 remittances. At $5.33 bln in July, they were 4.7% lower than July 2024. In H1 25, worker remittances totaled about $29.6 bln, down from 31.3 bln in H1 24, the lowest first half inflow since 2022. Disclaimer

The sterling slumped against the US dollar, losing as much as 1.2% intraday and erasing all gains from Fed Chair Powell’s dovish Jackson Hole speech on 22 August 2025. Based on a one-day rolling performance basis as of Tuesday, 2 September, the sterling is the weakest major currency against the greenback, where the USD/GBP gained by 1.1% at the time of writing (see Fig. 1). Fig. 1: 1-day rolling performances of the US dollar against major currencies as of 2 Sep 2025 (Source: TradingView) 30-year gilt yield spiked to a 27-year high Fig. 2: 30-YR Gilt yield long-term secular trend as of 2 Sep 2025 (Source: TradingView) The longer-term UK sovereign bond yield extended its gains further today, where the 30-year gilt yield jumped by 6 basis points to hit 5.69%, its highest level since March 1998. The recent spike in the 30-year gilt yield is over concerns of a widening UK budget deficit due to UK Chancellor Rachel Reeves’ decision to increase borrowing in last year’s budget, in turn increasing the “risk premium” on longer-term gilts because of uncertainty over its rising debts. Today’s current environment in the UK gilt market draws a parallel to the 2022 gilt crisis triggered by former UK Prime Minister Liz Truss’s “mini” budget that focused on a loose fiscal policy that triggered significant spikes in the 30-year gilt bond yield and a sell-off in sterling. Fig. 3: GBP/USD minor trend as of 2 Sep 2025 (Source: TradingView) Preferred trend bias (1-3 days) Bearish bias on the GBP/USD with key short-term pivotal resistance at 1.3460 to expose the next supports at 1.3370 and 1.3315/1.3280 (medium-term pivot) (see Fig. 3). Key elements Price actions of the GBP/USD have traded below the 20-day and 50-day moving averages.The 4-hour RSI oscillator has not reversed up from its oversold region (below 30), which suggests that short-term bearish momentum is likely to persist at this juncture.The 1.3315/1.3280 medium-term pivotal support zone is defined by the medium-term ascending trendline from the 13 January 2025 low, the former minor congestion area from 4 August 2025 to 6 August 2025, and the 61.8% Fibonacci retracement of the prior minor rally from the 1 August 2025 low to 14 August 2025 high.Alternative trend bias (1 to 3 days) A clearance above 1.3460 key resistance on the GBP/USD negates the bearish tone to retest the minor range resistance of 1.3545. 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 imagery from the Modi-Xi Alliance in Tianjin clearly showed a BRICS revolution. China, Russia, and India, led by Modi, Putin, and Xi Jinping, positioned themselves as a counterweight to US dominance. It’s hilarious seeing so many countries opt to talk to Xi and risk getting ripped off by a relatively new superpower, as a preferable option to facing Donald Trump’s tariffs and capricious, borderline, manic behavior. Even Norway doesn’t want to deal with Trump. Norway! A neutral sovereign rich haven. “Optics is a key part of this summit, and the White House should grasp that its policies will result in other countries looking for alternatives,” said Manoj Kewalramani of the Takshashila Institution. (Source: X) The performance underscored what Moscow has openly called a revived “troika,” signaling that despite almost inevitable border disputes and competing interests across Eurasia, the three nations are willing to project solidarity to weaken the US. Modi-Putin-Xi Jinping Alliance: What Does it Mean for BRICS? What Does It Mean For BTC USD Price? Everything has to be viewed in the context of the confrontation with China. It’s a worrying development. Recently, the US has increased its belligerence against Venezuela, calling for the arrest of President Nicolás Maduro, who exports oil to China. How the USA treats Venezuela can be viewed as a barometer for how we view China in that sense. Venezuela is part of the BRICS economic alliance (Brazil, Russia, India, China, South Africa) and is a key economy in South America. The US empire wants to break BRICS as a group and Russia and China as individual countries, but it is failing badly. For investors, the shifting BRICS landscape also points toward new market opportunities. DISCOVER: Next 1000X Crypto: 10+ Crypto Tokens That Can Hit 1000x in 2025 The US has failed so far to take down Russia via Ukraine, failed to take down Iran, wants to pivot to China, but cannot get out of Ukraine – yet. So, why not start another action against Venezuela? (Source – InvestyWise) All that said, even combined BRICS nations are still behind American hegemony. BRICS nations have also lagged in adopting BTC ▲0.68%, slower than many analysts expected. Still, accumulation is happening through indirect channels like Hong Kong. Crypto shops now operate inside shopping malls. ATMs line busy streets. (X) Legislation introduced last month in Hong Kong allows licensed firms to issue stablecoins, a step toward capturing part of the $3.8Tn digital asset market. With crypto banned in mainland China, the city is positioned as a testing ground. Success could open the door to a yuan-backed token offshore, pushing wider adoption across the region. Is WW3 Close? Putin Links Ukraine Peace to NATO Rollback Putin also used the stage to tie Ukraine’s war directly to NATO expansion, repeating that a “fair balance in the security sphere” must be restored. “In order for a Ukrainian settlement to be sustainable and long-term, the root causes of the crisis must be eliminated,” Putin said, citing NATO’s 2008 pledge to admit Ukraine and Georgia. He added that “understandings” with U.S. President Donald Trump in Alaska “opened a way to peace,” and praised India and China for their proposals. (Source: Americas Market Intelligence) China and India remain Russia’s largest crude buyers, helping sustain Moscow’s war economy despite Western sanctions. According to IMF data, BRICS nations now account for over 40% of global GDP (PPP terms), which is projected to rise in 2025, compared to just 28% for the G7. WWW3 has started. It’s not a hot war; it’s an economic one. DISCOVER: 9+ Best High-Risk, High-Reward Crypto to Buy in July 2025 Why the Xi-Modi-Putin Alliance at the BRICS Summit Matters for Global Markets The tableau of Modi, Xi, and Putin smiling together was intended for more than local audiences. With Trump’s tariffs hitting India and NATO still central to Europe’s security agenda, the SCO summit offered a visual counter-narrative against US hegemony. Tianjin showcased how political theater can reframe global perceptions, and how power is shifting as US trade and security policies create new openings for rivals. EXPLORE: Eric Trump Attends Metaplanet Shareholder Meeting: Japanese Company Brings BTC Holdings To 20,000 Join The 99Bitcoins News Discord Here For The Latest Market Updates Key Takeaways The imagery from Tianjin was clear: China, Russia, and India, led by Modi-Putin-Xi Jinping, are a counterweight to US hegemony. Even Norway doesn’t want to deal with Trump. Norway! A literal neutral haven. The post Trump on the Sidelines? Modi-Putin-Xi BRICS Alliance Coming For Crypto Markets appeared first on 99Bitcoins.

Once again, 2D crypto investigator ZachXBT shook the crypto Twitter space by revealing that more than 200 influencers had not disclosed their paid promotions. A spreadsheet with how much they charge and links to wallets where they have received the funds makes it even spicier. ZachXBT claims that at max, only five out of those 200 paid promoters disclosed their posts as ads. BitcoinPriceMarket CapBTC$2.20T24h7d30d1yAll time DISCOVER: Best Meme Coin ICOs to Invest in 2025 Who is ZachXBT? Why is Crypto Twitter in Turmoil? ZachXBT started his journey in 2017. He started as a regular crypto trader, and not long into his journey, in 2018, he got hacked for $15K in ETH. That initially pushed him to start searching and digging through Etherscan to find out what had happened. Without any finance background or working in tech, he used whatever public tools he had at hand to find relevant information about crypto hacks and scammers. Later, his first big breakthrough was when he discovered the Rogue society, which minted over 15,777 NFTs. Some are even pushing for FTC-compliant influencer whitelisting already. In traditional markets, hiding paid promotions is a fast track to enforcement. But in crypto, it’s just another Tuesday, until someone like ZachXBT airs the laundry. DISCOVER: 20+ Next Crypto to Explode in 2025 Join The 99Bitcoins News Discord Here For The Latest Market Updates Key Takeaways Who is ZachXBT in the crypto world? How ZachXBT leaked over 200 influencers for not disclosing their deals. The post Night of Terror For Paid Crypto Influencers: ZachXBT Spotlights The Dirtiest Players in Crypto Twitter appeared first on 99Bitcoins.

According to pseudonymous Bitcoin analyst PlanC, the road to $1,000,000 per coin might look a lot less pronounced than many expect. PlanC floated the idea that, instead of sharp parabolic runs, Bitcoin could “slow-grind” higher — inching upward over the next seven years and quietly reaching $1 million by 2032. Slow Grind, Fewer Flashy Moves PlanC argues that long stretches of sideways trading tend to fool people into thinking the cycle has ended and that crashes of up to 80% are coming. He suggested those deep wipeouts haven’t played out every time prices pause. Instead, he envisions recurring, drawn-out consolidations and corrections of roughly 10–30% — messy but manageable — that add up to steady gains rather than headline-grabbing rallies. Jan3 Founder Sees An Omega Candle Not everyone agrees. Jan3 founder Samson Mow has painted a very different picture. According to reports, Mow predicted an “omega candle” that could lift Bitcoin by $100,000 in a single day. He told Magazine in June that $1,000,000 is “a given,” and he suggested the milestone could come this year or next. That view leans on the idea that sudden, extreme demand imbalances can still trigger explosive moves. Institutional Demand Versus Market Mechanics Spot Bitcoin ETFs and corporate treasuries are central to the debate. According to reports, several high-profile figures now predict Bitcoin will reach $1 million. Tom Lee has suggested it could hit that kind of figure or even $3,000,000 long term, while Michael Saylor has put $1 million on the table by 2035. Asset managers have joined the chorus. Bitwise forecasts $1.3 million by 2035, pointing to rising US debt and a weaker dollar as drivers. Other voices include Robert Kiyosaki, who sees $1 million by 2030, and Cantor Fitzgerald analysts who also back the milestone. Timelines differ, but institutional confidence in Bitcoin’s long-term case is clearly growing. Risk Of Forced Selling Remains Real Meanwhile, Swyftx lead analyst Pav Hundal warned that many treasury buyers use credit, and if credit spreads widen or risk measures spike, “strong hands” could be forced sellers. Market structure can change quickly when liquidity thins or macro stress appears. Reports have disclosed that institutional flows create a base of demand, but they don’t remove traditional market pressures. Bitcoin’s Path To $1M: Sudden Surge Or Slow Grind Ahead? Some industry figures view a rapid ascent as a red flag. Galaxy Digital CEO Mike Novogratz said on Aug. 17 that a million-dollar Bitcoin next year would likely mean the US economy was in serious trouble. In his view, extreme price moves tied to fear or systemic stress would not be a healthy signal for either markets or the broader economy. For now, the outlook splits between a blockbuster surge and a quiet climb. Whether Bitcoin delivers an omega candle or inches its way higher, the possibility of reaching $1,000,000 remains central to the debate. If PlanC is right, there may be no fireworks at all—just a steady grind that takes the coin to its milestone over the next seven years. Featured image from Meta, chart from TradingView

Diễn ra từ ngày 7 đến 29 tháng 9 năm 2025, CSOP Mùa Thu sẽ mang đến 23 ngày thi đấu liên tục, 125 sự kiện chính, 42 sự kiện phụ và tổng giải thưởng đảm bảo chưa từng có 6 triệu USD. Từ người chơi giải trí đến các tay chơi dày dạn kinh nghiệm, chuỗi sự kiện này được thiết kế cho tất cả mọi người với ba mức buy-in, các giải vệ tinh hàng ngày với buy-in chỉ từ $0,20 và nhiều thể thức poker đa dạng. Sự kiện sẽ kéo dài suốt tháng và hướng đến Vòng Chung Kết Chủ Nhật có giải thưởng 1 triệu USD vào ngày 28 tháng 9, một trong những ngày trọng đại nhất trong lịch sử CoinPoker. https://x.com/CoinPoker_OFF/status/1959994401272348785 Một Lễ Hội Dành Cho Mọi Người Chơi Poker CSOP Mùa Thu 2025 cung cấp ba mức buy-in riêng biệt: Thấp: $2 – $10 Trung bình: $25 – $50 Cao: $100 – $500 Mỗi mức đều có bảng xếp hạng riêng và các chương trình khuyến mãi độc quyền, đảm bảo giá trị gia tăng thêm trên toàn hệ thống. Những Con Số Chính 23 ngày thi đấu 125 sự kiện CSOP + 42 sự kiện phụ Tổng giải thưởng đảm bảo 6 triệu USD $100.000 giá trị gia tăng Giải vệ tinh hàng ngày buy-in chỉ từ $0,20 $100.000 Giá Trị Gia Tăng Ngoài tổng giải thưởng đảm bảo 6 triệu USD, CoinPoker còn đóng góp $100.000 giá trị gia tăng, bao gồm: $50.000 giải thưởng tại các bảng xếp hạng theo cấp độ $30.000 giải đấu Thử Thách Khối Lượng $20.000 giải thưởng Cơ Hội Lật Kèo Thứ Hai Các Sự Kiện Nổi Bật của CSOP Mùa Thu Khởi Động Đội Ngũ Sáng Tạo – 7 tháng 9 CSOP mở màn với sự kiện Khởi Động Đội Ngũ Sáng Tạo, với phần thưởng đặc biệt dành cho những người sáng tạo nội dung poker hấp dẫn nhất. Các đại sứ của CoinPoker là Corey Eyring, Frankie C và Ryan DePaulo sở hữu tổng cộng hơn 471.000 người đăng ký YouTube, hứa hẹn thu hút lượng người tham gia khổng lồ với mức phí buy-in phải chăng. Người Chơi Cược Lớn Hàng Tuần Các cao thủ có thể tranh tài trong các sự kiện như Nemesis $5.000 và PLO $2.000 đặc biệt, cả hai đều có tổng giải thưởng đảm bảo cao. Sự Kiện Bitcoin Boosted – Mỗi Chủ Nhật Một sự kiện được người hâm mộ yêu thích quay trở lại đầy ấn tượng với $125.000 đảm bảo mỗi tuần. Vòng Chung Kết: 1 triệu USD Chủ Nhật – 28 tháng 9 Chuỗi sự kiện sẽ đi đến đỉnh cao với Vòng Chung Kết Chủ Nhật 1 triệu USD, bao gồm nhiều giải đấu lớn trong cùng một ngày: Sự kiện Chính $10 – $10.000 GTD Sự kiện Chính $50 – $50.000 GTD Sự kiện Chính $500 – $200.000 GTD Sự kiện Bitcoin Boosted – $125.000 GTD Cùng với các sự kiện Chủ Nhật Đặc Biệt được yêu thích Với tổng giải thưởng đảm bảo hơn 1 triệu USD chỉ trong một ngày, đây sẽ là một trong những sự kiện poker trực tuyến quan trọng nhất từng được tổ chức trên CoinPoker. “CSOP Mùa Thu 2025 là chuỗi sự kiện tham vọng nhất từ trước đến nay” “CSOP Mùa Thu 2025 là chuỗi sự kiện tham vọng nhất của chúng tôi từ trước đến nay”, quản lý phòng poker James Williams cho biết. “Từ các giải vệ tinh $0,20 đến các giải đấu lớn $5.000, chúng tôi đã xây dựng một lễ hội thực sự dành cho tất cả mọi người. Vòng Chung Kết Chủ Nhật trị giá 1 triệu USD sẽ là khoảnh khắc lịch sử cho poker trực tuyến trên CoinPoker.” Cách Tham Gia Các giải vệ tinh hàng ngày hiện đã diễn ra với buy-in chỉ từ $0,20, với nhiều suất tham dự bổ sung cho các sự kiện chính và điểm nhấn đặc biệt như Khởi Động Đội Ngũ Sáng Tạo. Lịch trình đầy đủ và các giải vệ tinh hiện đã có tại coinpoker.com. Hãy tham gia ngay hôm nay! Giới Thiệu Về CoinPoker CoinPoker là một trong những nền tảng poker trực tuyến hàng đầu thế giới, được hỗ trợ bởi công nghệ tiền điện tử và blockchain, mang đến trải nghiệm chơi nhanh chóng, an toàn và minh bạch. Với phương châm lấy người chơi làm trung tâm, các chương trình khuyến mãi sáng tạo và các sự kiện hàng đầu như CSOP và Giải Vô Địch Tiền Mặt Thế Giới, CoinPoker tiếp tục đặt ra những tiêu chuẩn mới trong poker trực tuyến. Đối với những người chơi poker tiền mặt thường xuyên, CoinPoker còn có giải thưởng trị giá $12.000 mỗi ngày trên bảng xếp hạng 4 giờ, còn được gọi là Coin Races. Kết Nối Với Chúng Tôi X/Twitter: @CoinPoker_OFF Instagram: @coinpoker YouTube: CoinPoker Official Liên Hệ Truyền Thông Mọi thắc mắc truyền thông vui lòng liên hệ: Tên: James Williams Email: media@coinpoker.com

Ostium Labs argues that Bitcoin’s uptrend remains intact after August’s reversal, but it draws a bright red line at $98,000. In its September 1 Market Outlook, the firm writes: “Closing below $98k on this timeframe would turn weekly structure bearish,” adding that “above $98k weekly structure is still bullish and therefore we should anticipate the formation of a higher-low.” At publication time, Ostium referenced BTC around $108,017, with the August monthly candle settling “firmly red” after wicking through the record to roughly $124.5k and closing near prior resistance-turned-support around $108.2k. Key Bitcoin Price Levels To Watch Now On the monthly chart, Ostium sees no evidence of a 2021-style cyclical top. The note acknowledges some momentum divergence on RSI but stresses the absence of confirmation from the Awesome Oscillator: “AO has continued to point towards building momentum throughout the uptrend… I do not think this is even remotely similar to the 2021 top formation.” The bear case strengthens only if September “closes below the 2025 open at $93.3k and therefore below local trendline support.” For the bullish path, the team wants September to find support “above the yearly open, but likely much higher around the July lows at $105k,” and “ideally” finish the month green “above the August open at $115k,” a configuration they say would “set us up for expansion beyond the highs in October.” Weekly structure, by Ostium’s read, “showed no exhaustion on the move higher” and has now reset toward 50 on RSI, a profile the firm says supports trend continuation. Should the market carve a higher low early in September and reclaim momentum, a weekly close “back above $112k leads to a retest of the August open and potentially $117.5k into FOMC with a retest of the highs before month-end.” The daily timeframe remains the near-term hurdle. Ostium characterizes the pullback as “orderly,” with supports flipped to resistance on the way down and “the key level… obviously the $112k prior all-time high,” which served as support in early August and then “reclaimed resistance” on last week’s leg lower. “A breakout and close above the trendline and back above $112k would look like the bottom is in,” they write. A failed probe—“wick above the trendline into $112k and reject”—would bias price toward “the June open at $104.5k, with the 200dMA below that at $101.3k being key demand.” In derivatives, CoinGlass liquidation heatmaps for Binance’s BTC/USDT pair over one week and one month show dense liquidation bands layered above the $114k cap and clustered below around the $120k region, while no significant levels are visible to the downside. With a macro-heavy week ahead— ISM prints, JOLTS, the Fed’s Beige Book, jobless claims, ADP, ISM Services, and Friday’s Nonfarm Payrolls—Ostium lays out conditional tactical setups. For longs, they prefer evidence of exhaustion into support: trendline resistance respected, “today’s low” taken out via a liquidation wick into the June-open/200-day cluster, and bullish divergence forming there before bidding for a move back to the weekly open and the $112k retest. For shorts, they prefer a sharp early-week squeeze into $112k “with trend exhaustion… having not taken out today’s low around $107k,” fading the pop back into weekly lows with risk reduced if it unfolds ahead of NFP. Ostium also surveys positioning, pointing to snapshots across Velo and CoinGlass, three-month annualized basis, and the mix between Bitcoin and altcoin open interest, as well as one-week and one-month liquidation maps. While it refrains from headline claims on those dashboards, the note’s technical levels line up with the most concentrated liquidation density visible in the attached heatmaps, where stacked interest remains perched near the $112k pivot overhead and layered through the $105k–$101k demand shelf. DXY As Tailwind For The BTC Price The report extends beyond Bitcoin. The dollar backdrop, in Ostium’s framework, remains a tailwind for BTC into year-end. With DXY around 97.2, the firm says the current sequence rhymes with past cyclical drawdowns and expects “DXY to break below 96 and push towards at least 94.6, but more likely 93,” where a bottoming formation could emerge above the 200-month moving average. The secular DXY bull case is not dismissed; rather, Ostium situates the present leg as the final cyclical downswing before a higher-low and multi-year recovery, contingent on policy outcomes. A decisive monthly reclaim of 100 would invalidate the near-term bearish DXY view. Across assets, the through-line of Ostium’s September map is clarity on thresholds. For Bitcoin, a weekly loss of $98,000 would be the first structural break of the cycle; a daily reclaim of $112,000 would strongly argue the local low is in; and a monthly hold above $105,000 with a close back over $115,000 would tee up fresh highs into October. At press time, BTC traded at $110,610.

BTC ▲0.68% is back above $110K, trading around $110,300 after dipping as low as $107K yesterday. The bounce comes even as both Bitcoin and Ethereum spot ETFs showed outflows, keeping the overall market cautious. On September 1, crypto ETFs saw strong outflows. (Source: BTCUSDT) Bitcoin ETFs lost 631 BTC ($68.8M), mostly from VanEck (627 BTC), now holding 16,780 BTC ($1.83B). Ethereum ETFs shed 4,319 ETH ($19M), led by Bitwise’s 5,467 ETH ($24.1M) sale, though it still holds 130,701 ETH ($575M). Still, with BTC reclaiming a key level, many traders are now asking if WLFI could be the next crypto to explode. EXPLORE: 20+ Next Crypto to Explode in 2025 WLFI Recovery – Is This the Next Crypto to Explode or Another Failing Trump Crypto Project? WLFI had a crazy 24 hours. After a heavy sell-off, the token has bounced +17% from the bottom. But the dump was brutal: more money was liquidated on WLFI than even on Bitcoin. The drama started when its supposed circulating supply of 5B tokens suddenly turned into 24B: meaning WLFI dropped five times more tokens on launch than promised. That triggered big liquidations. Andrew Tate reportedly got wiped for $190K, while Justin Sun unlocked $178M worth of WLFI as part of his 20% unlock. His total bag? Around $891M. By launching WLFI through their World Liberty project, the family’s net worth reportedly jumped by about $5B overnight. Trump’s three sons are listed as co-founders, while Donald Trump himself is named “honorary co-founder.” The family holds under 25% of WLFI, making the token now likely their single most valuable asset: even surpassing their real estate empire. DISCOVER: WLFI Crypto: Another Trump Token Launch, Justin Sun Cashes In Meanwhile, the Trump token family isn’t looking good: TRUMP: -89.5% MELANIA: -98.6% WLFI: -32.5% USD1 – hopefully it doesn’t depeg. On-chain flows show whales moving into random plays, with top inflows yesterday going into tokens like USELESS, ME, LAUNCHCOIN, JELLYJELLY, and TROLL. Bitcoin reclaiming $110K gives bulls some hope, but the market is still fragile. WLFI’s sharp bounce is catching attention, but with messy tokenomics, whale dominance, and endless drama, it’s risky. Traders are left wondering: is WLFI really the next crypto to explode, or just another short-lived pump? Stay tuned to our real-time updates below. 24 minutes ago Is DOLO Crypto Finished? Dolomite Price Crashes -37% Post-Launch – Here’s Why By Fatima Crypto project Dolomite tumbled as DOLO price plunged nearly -37% in 24 hours, shocking traders who expected sustained momentum after a major exchange listing and early hype-driven demand. DOLO coin gained momentum from airdrop campaigns and high-profile Binance and Coinbase listings. But volatility and whale profit-taking quickly flipped sentiment, leaving Dolomite crypto retail investors scrambling for direction. Read The Full Article Here 1 hour ago Mastercard Views Crypto as a Payment Tool, Not a Revolution By Fatima Mastercard sees crypto primarily as a tool for payments, not a financial revolution, according to Christian Rau, the company’s Head of Crypto for Europe. He emphasized Mastercard’s focus on “safe and compliant payments” while acknowledging that stablecoins could streamline cross-border transactions—but cannot replace existing financial safeguards. While the company currently has no public plans to launch its own blockchain, Rau left the door open for the possibility in the future. The post [LIVE] Crypto News Today, September 2 – Bitcoin Again Above $110K And WLFI Crypto Price Recovers +17% From The Bottom: Next Crypto To Explode? appeared first on 99Bitcoins.