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On Thursday, September 18, the Bitcoin price enjoyed some form of rejuvenation following the outcome of the United States Federal Open Market Committee (FOMC) meeting. Federal Reserve Chair Jerome Powell announced an interest rate cut for the first time in 2025. The general crypto market rallied on the back of this rate cut announcement, with the Bitcoin price running to a monthly high and almost breaking above the $118,000 level on the day. However, the premier cryptocurrency has failed to build on this momentum, retreating to around $115,500 on Friday, September 19. With price unable to sustain a serious rally, the question on the other side is—is the Bitcoin market on the brink of capitulation? BTC Market Shows Zero Signs Of Capitulation In a post on social media platform X, market analytics firm Alphractal revealed that the Bitcoin market is far from price capitulation. According to the blockchain platform, the Bitcoin price has shown no signs of capitulation for over a year—since July 2024. This on-chain observation is based on the Market Capitulation Index (0 – 3), which tracks potential periods of intense downward price movement. This metric is based on three stress signals: Hash capitulation (>30% decline in 30 days), price capitulation (>50% drop), and supply capitulation (7-day active supply >15%), with each signal contributing a point apiece. According to Alphractal, scores of around 2 – 3 for the Market Capitulation Index indicate severe market stress and potential capitulation. Typically, high values for this metric suggest extreme selling pressure. Meanwhile, scores between 0 and 1 signal normal market conditions for the Bitcoin price. Looking at the metric—which is at zero—and the three stress signals, the BTC market does not show any signs of capitulation, with the hash rate hitting new all-time highs in September. Furthermore, while the Bitcoin price has not particularly impressed so far in the past few months, it has mostly been in a consolidation range rather than in a downward trend. Alphractal founder Joao Wedson noted in a separate post that it will likely take a few more months before the largest cryptocurrency market faces capitulation. Ultimately, this means that the Bitcoin price still has a chance of witnessing another leg up in the current bull cycle. Bitcoin Price At A Glance As of this writing, the price of BTC stands at around $115,400, reflecting an over 2% decline in the past 24 hours.

Today, ASTER USD has taken center stage in crypto news after breaking the $1 barrier, thanks to CZ Binance. Yes, the pump is tightly linked to the latest CZ Binance ASTER spotlight, which has turned this new perp DEX into one of the most-watched projects of the month. As we know, CZ Binance himself is known not to post a crypto chart, but he did it with ASTER. Today, ASTER USD jumping over 450% and its trading volume surpassing $739 million (CoinGecko), it’s clear why most crypto news are filled with speculation about whether CZ might redefine the current DeFi landscape, we know Binance has overtook all crypto exchanges. (source – CoinGecko) According to CoinGecko, BTC ▼-0.54% trades at $115K and ETH ▼-1.25% at $4,475, setting a strong market tone. But the real action, arguably, lies in the alt sector—specifically with ASTER USD. The token shot up 370% following CZ’s nod, peaking at above $1 currently. Backed by CZ owned Binance Labs, ASTER could as well overtake Hyperliquid. We know BNB ▲0.69% has just broke four digits. (source – TradingView) DISCOVER: Best Meme Coin ICOs to Invest in Today CZ Binance Shakes Up DeFi With ASTER as It Blasts 1 USD: Will ASTER Flip HYPE? ASTER didn’t just hit 1 USD, it has also smashed through all time high after all time high and pushed its market cap to $1.55 billion. Data from DeFiLlama shows ASTER’s TVL already exceeding 792 million USD. The data shows an impressive feat for a protocol barely out of the gate. With daily perp volume on DeFiLlama sitting at $17 billion, ASTER has a realistic shot at carving out a long lasting niche, “the DEX narrative.” (source – Defillama) Meanwhile, CZ Binance new champion, ASTER, has become a direct challenger to Hyperliquid. While HYPE holds a $15 billion market cap, its flat 0% 24-hour change contrasts sharply with ASTER’s 800% weekly spike. CoinGlass open interest data supports this shift, showing increasing bull pressure on ASTER pairs. (source – Coinglass) The answer? Flipping HYPE is a big possibility if liquidity continues rotating into ASTER, and TVL momentum keeps going, especially with CZ Binance helps. ASTER USD looks less like a flash in the pan and more like a signal of what’s next in DeFi. DISCOVER: 20+ Next Crypto to Explode in 2025 Join The 99Bitcoins News Discord Here For The Latest Market Updates 19 minutes ago ASTER Crypto New All Time High By Akiyama Felix $1.22 (source – ASTER) 26 minutes ago Bitcoin Cycle Could Be Done as BTC USD Price Broke Below $116K; Best Memecoin to Buy Right Now By Akiyama Felix The BTC USD price is slipping under $116,000. It might not seem catastrophic, but it could also be a sign of a bigger shift in the crypto cycle. With BTC price now holding around high 115K USD after failing to sustain momentum above 117K this month, people are thinking that this could mark the end of Bitcoin dominance. The market seems to agree, as macro factors like Fed policy and the BTC USD price appear to be settling into a range instead of continuing its aggressive climb. (source – BTC.D, TradingView) Technical data is giving idea that BTC ▼-0.54% may stabilize in this zone for a while. According to CoinGlass, open interest has leveled off after weeks of decline, and funding rates remain neutral. Liquidations have calmed, falling under $350 million in the past 24 hours, which is a sign of lower volatility. (source – Coinglass) Bitcoin still holds a $2.3 trillion market cap, but dominance has slipped, and that’s where usually crypto gets interesting. The conditions of flat price action, neutral sentiment, and waning dominance, most likely precede altcoin rotations. And right now, that rotation could be pointing squarely toward the memecoins sector. bnbPriceMarket CapBNB$148.76B24h7d1y DISCOVER: Best Meme Coin ICOs to Invest in Today Read the full story here. The post Latest Crypto Market News Today, September 20: CZ Binance Hyperliquid Killer Broke 1 USD | ASTER Crypto to Flip HYPE? appeared first on 99Bitcoins.

BitMine Immersion Technologies has added nearly $70 million worth of Ethereum to its holdings, pushing the company’s ETH stash to a value near $8.66 billion. Based on reports, the purchases were made through Galaxy Digital’s over-the-counter desk and arrived in several chunks rather than a single block. Purchase Broken Into Four Tranches The recent buys were split into four settlements: 3,247 ETH ($14.50 million), 3,258 ETH ($14.6 million), 4,494 ETH ($20 million), and 4,428 ETH ($19.75 million). That totals about 15,427 ETH, which sums to roughly $69 million at the prices reported. According to public trackers cited in the coverage, these were likely coordinated OTC trades designed to avoid moving the spot market. How Much Of Ethereum Does BitMine Hold Reports have disclosed that BitMine now holds about 1.95 million ETH. That holding is valued at about $8.66 billion using the same pricing used in the coverage. Analysts tracking corporate treasuries say that corporate and institutional ETH reserves together amount to a few percent of circulating supply, and BitMine is listed among the largest single holders. The figures can look large when compared with total ETH supply, but the share depends on which supply measure is used — circulating, staked, or otherwise locked. Market Mechanics Behind The Move Buying large amounts on OTC desks is common for public companies and big players. It reduces slippage and keeps big orders off public order books. The ETH here moved without obvious price spikes. Some transfers were visible on chain; the private terms of OTC trades usually remain confidential. Based on reports citing blockchain trackers like Arkham, the on-chain flows matched the size and timing described. Risk, Accounting And Strategy Holding vast amounts of a volatile token carries real risks. A sharp fall in ETH would hit BitMine’s balance sheet. At the same time, steady accumulation signals a clear strategic bet on future appreciation. Market observers compare this approach to other firms that hold crypto as part of their corporate treasury, and regulators and accountants will watch how such holdings are reported in quarterly filings. Corporate Accumulation Goes Big Some details remain unclear. Reports cite Arkham and Strategic Ether Reserve as the primary sources, but OTC trades do not reveal full pricing details and the exact terms are often private. Because those settlements happen off-exchange, public records show transfers but not every pricing details. Large holders’ activity tends to attract extra attention when ETH moves sharply up or down. Based on these numbers, the move is one more sign of large corporate accumulation of ETH. Featured image from Unsplash, chart from TradingView

The arguments for the XRP being able to reach $10+ or not have ranged from how high the market cap would have to go, as well as there being too much supply of the token. However, crypto analyst XForceGlobal has debunked it and said that the market cap argument is not valid. In their view, the XRP price is definitely primed for the $10 mark and is only a matter of time before the digital asset reaches this level. Don’t Be Fooled By The Market Cap Argument In a post on the X (formerly Twitter) platform, the crypto analyst warned XRP investors not to be fooled by those who say that the price cannot rise to $10+. Most especially, the argument that the market cap would be too high at this price would be irrelevant. According to the post, the XRP price is expected to actually cross the double-digit mark in the next year. This is because with the triangle breakout that began back in 2024, the XRP price remains quite bullish. Hence, there is still a small window of opportunity where the altcoin could continue its run. Going by the analyst’s chart, in the event of a breakout, the XRP price could quickly rally toward $4 to set a new all-time high. Then through the year 2026, the bullish wave is expected to persist, triggering an over 200% increase to break $10, and eventually rally toward $14. XRP Price Still Bullish Despite Decline Another crypto analyst, TradingShot, has also pointed out why the XRP price is still bullish, alluding to a technical setup on the 1-day chart. The analyst points to the fact that the price had bottomed back in April after months of onslaught due to Donald Trump’s tariff wars. Then, with the recent recovery, the price has been testing and holding the 1-Day MA50 as support above $2.7. The significance of this is that the XRP price is holding this support after bottoming from its bearish leg on the 1-Day MA100 chart. Thus, this means that is the 1-Day MA50 is confirmed, then it would be the push needed for the altcoin to continue to rally. The target for the rally here is an over 60% increase in price to reach the $5 mark. “That Bullish Leg peaked on the 2.0 Fibonacci extension level. If this sequence is repeated, expect the next high to be around $5.00,” the crypto analyst explained.

Charles Hoskinson has affirmed that Cardano (ADA) will steal the crypto spotlight as the altcoin attempts to hold a crucial level as support. Some analysts believe the cryptocurrency is preparing for a massive rally in the coming months. ADA Holds Key Support Zone Following Thursday’s market rally, Cardano has seen its price retrace 4% in the last 24 hours, failing to reclaim the range high for the second time over the past week. The altcoin has been trading between $0.72-$0.96 since July, hitting a local high of $1.01 last month. Despite the dip, ADA has held the $0.85-$90 zone as support, attempting to stabilize around this area throughout Friday morning. Analyst Sebastian suggested that the cryptocurrency must “start setting a new higher high, otherwise we could find ourselves in a head and shoulders pattern, which could result in a bigger retrace.” Cardano has been trading above an ascending support trendline since early August, bouncing from this key level twice this month. To the analyst, ADA’s trend will remain bullish as long as the price holds the trendline. On the contrary, a breakdown from this level could see the altcoin retrace to the macro support zone, between $0.50-$0.60. Market Watcher Altcoin Gordon pointed out that ADA recently broke out of its multi-month descending resistance after reclaiming the $0.85 level last week. Since then, the cryptocurrency has retested the trendline area as support, confirming the breakout. To Gordon, if the price continues to hold above this level, Cardano could see “a HUGE move to the upside.” Meanwhile, analyst Crypto Kid asserted that Q4 seasonality could see the altcoin repeat its 2024 end-of-year playbook. Notably, ADA broke out of its nine-month downtrend line during the November 2024 run, rallying 270% to its three-year high of $1.32. Now, the cryptocurrency displays a similar price action, retesting this level in the weekly timeframe multiple times over the past two months. “I’m betting on ADA repeating its history by breaking out October/November this year,” the analyst wrote. Cardano ETFs To Fuel Q4 Rally? In a late Thursday post, Cardano’s founder Charles Hoskinson also shared a bold outlook, affirming that it is “going to break the internet.” Despite not offering more details, the community noted that the recent growing momentum of crypto-based Exchange-Traded Funds (ETFs) could propel ADA’s rally. On Friday, Grayscale Investments launched its Grayscale CoinDesk Crypto 5 ETF (GDLC), the first multi-asset crypto ETF launched in the US. The investment product holds the five largest cryptocurrencies by market capitalization: Bitcoin, Ether, XRP, Solana, and Cardano. The Securities and Exchange Commission (SEC) approved the digital asset manager’s request to convert its Grayscale Digital Large Cap (GDLC) Fund into an ETF earlier this week. Since the announcement, investors consider the odds of a spot ADA ETF approval are higher. According to data from the prediction platform Polymarket, the chances of the SEC approving the investment product in 2025 have increased from 79% on Wednesday to 91%. Notably, the regulatory agency delayed the deadline for Grayscale’s spot Cardano Exchange-Traded Fund in August, postponing the final decision date to October 26, 2025. Many expect that most spot crypto-based ETFs will be approved at the start of Q4, which could fuel a “spicy end-of-year” for many altcoins, including ADA. As of this writing, Cardano is trading at $0.89, a 1% decline in the weekly timeframe.

An analyst has pointed out how Dogecoin could see a rally to $0.36 or even $0.45 if its price can manage to break past this resistance barrier. Dogecoin Is Retesting Upper Boundary Of A Parallel Channel In a new post on X, analyst Ali Martinez has shared a technical analysis (TA) pattern forming in the 1-day price of Dogecoin. The pattern is a “Parallel Channel,” which forms when an asset observes consolidation between two parallel trendlines. There are a few different types of parallel channels, each with a distinct orientation of the trendlines in respect to the graph axes. The Ascending Channel forms when the trendlines are angled upward. That is, when the price travels to a net upside inside the channel. Similarly, the Descending Channel has trendlines that have a negative slope. In the context of the current topic, neither of these versions of the Parallel Channel is of interest, but rather the most simple case of the pattern: a channel parallel to the time-axis. When the asset is moving inside this type of channel, it observes resistance at the upper line and support at the lower one, and moves in an exactly sideways manner trapped between the two. Now, here is the chart shared by Martinez that shows the Parallel Channel that Dogecoin has been stuck inside for the last few months: As is visible in the above graph, Dogecoin retested the upper line of the Parallel Channel earlier in the month, but found rejection. The memecoin now appears to be approaching another retest of this line situated at $0.29. Generally, a break above the upper line of a Parallel Channel is considered to be a bullish signal. Thus, if DOGE can manage to surge above the pattern, it may see a sustained rally. Martinez has suggested two potential targets for the memecoin: $0.36 and $0.45. These are based on the fact that Parallel Channel breakouts can be of the same length as the height of the channel; the former corresponds to half this distance and latter to the full one. It now remains to be seen whether Dogecoin can surpass this huddle in the near future and if any sustained bullish momentum will follow. In some other news, Dogecoin whales have been buying recently, as the analyst has pointed out in another X post. From the above chart, it’s visible that DOGE whales have added a total of 158 million tokens of the cryptocurrency (worth $41.9 million) to their holdings with this accumulation spree. DOGE Price At the time of writing, Dogecoin is trading around $0.265, down more than 6% over the last 24 hours.

XRP and Chainlink are moving into Q4 2025 with very different backdrops. A rush of ETF approvals and a new tokenization deal have kept XRP in headlines this week, while LINK has stood out in derivatives markets as one of the few majors resisting net selling pressure. Let’s have a look at which is the best crypto to buy in Q4 2025. On Friday, the SEC approved new rules that allow exchanges to list spot commodity exchange-traded products without going through case-by-case reviews. That shift cleared the way for XRP’s spot ETF, which began trading in the U.S. this week. Regulators also signed off on Grayscale’s multi-asset fund tied to the CoinDesk 5 Index. While the SEC described the move as a way to “streamline the listing process,” analysts noted that ETF approvals don’t automatically translate into new demand. In Asia, Ripple secured another boost as DBS and Franklin Templeton launched a tokenized money-market fund on the XRP Ledger. The partnership adds a fresh use case to XRP’s ecosystem, linking traditional finance with on-chain settlement. Market numbers show the contrast. XRP hovered near $3.01 in early Saturday trade, with daily volume topping $5.3 billion. (Source: XRP USDT, TradingView) LINK, meanwhile, held at $23.5 on volumes around $1.1 billion, showing a decline of -4.5% in 24 hours. (Source – LINK USDT, TradingView) Derivatives trackers show LINK outperforming peers on open interest and funding stability, suggesting steady positioning despite a cooling market after the Fed’s rate cut week. The two tokens now represent different bets for Q4. XRP traders are monitoring the survival of the institutional flows and tokenization transactions. The strength of derivatives to LINK holders is a measure of resilience. The following months will determine which of the two will have the more stable hold. DISCOVER: 9+ Best High-Risk, High-Reward Crypto to Buy in September2025 Chainlink Price Prediction: Is LINK Setting Up for a Breakout in Q4 2025? According to a crypto analyst, Chainlink (LINK) has overcome a significant obstacle and is approaching the $20 value again, which served as a resistance level that limited the token throughout the previous year. The breakout supports an increase in the weekly chart and switches to the $30-$34 range, the next important area before LINK can seek new all-time highs. (Source: X) The charts indicate that the rise has been consistent since the middle of 2024, with an increasing trendline that goes back to the beginning of 2023. The reversal of $20 into bullishness has strengthened the mood of bulls; whereas price movements around $23-$24 are an indication that LINK is taking a break before its next outbreak. As observed by analysts, $30 has served as a ceiling in the previous cycles, and therefore, it is the final significant obstacle before price discovery. The form will be like an accumulation pattern where the highs and lows are near a flat resistance band. This arrangement is usually followed by considerable upward swings, especially where there is a support trendline over the long run. This is projected to be a short trade of sideways between $22 and $26 to a potential push to $30. If LINK secures a weekly close above $30, analysts believe momentum could accelerate into uncharted territory. For now, $22 is the level to watch as support. The coming weeks will reveal whether LINK is ready to shift from recovery into a full breakout phase. DISCOVER: Next 1000X Crypto: 10+ Crypto Tokens That Can Hit 1000x in 2025 XRP Price Prediction: Why XRP Appeals to Risk-Takers Ahead of Q4 2025? According to Javon Marks’s analysis, XRP may be gearing up for a major move. His chart points to a possible 226% rally that could lift the token to $9.90, with room for a further push toward $20 if momentum holds. (Source: X) The setup is clear on the weekly chart. XRP has broken out of a long accumulation phase, building higher lows since 2020. A steady ascending support line underpins the trend, and each similar breakout in the past has led to triple-digit gains. Fibonacci projections place $9.90 as the first key target, with higher levels stretching beyond $20. Price action above $1.30 shows bulls back in control. Consolidation at these levels could form the base for another strong advance, echoing past cycles where sideways phases gave way to parabolic runs. Beyond technicals, XRP’s upside is also tied to broader catalysts, including exchange-traded fund approvals and tokenization partnerships. This adds fuel to the bullish scenario but also keeps the token event-driven and volatile. In comparison, Chainlink (LINK) has already reclaimed $20 and is working toward $30-$34, levels that would clear the way for new highs. LINK’s path looks steadier, backed by consistent adoption rather than sudden bursts. For Q4 2025, the contrast is sharp: XRP appeals to traders seeking breakout gains, while LINK offers a stronger case as a stable long-term hold. DISCOVER: 20+ Next Crypto to Explode in 2025 Join The 99Bitcoins News Discord Here For The Latest Market Updates The post LINK vs XRP: Which Crypto is Better to Hold in Q4 2025? appeared first on 99Bitcoins.

Traders shifted into Linea (LINEA), ApolloX (APX), and Convex Finance (CVX) on Friday, with new token milestones and DeFi votes drawing focus on which could be the Best altcoin to buy in 2025. On Sept. 19, 2025, all three posted solid 24-hour gains across major spot venues. LINEA rallied on its airdrop claim window and new listings. APX extended a weeklong surge as it migrates to $ASTER. CVX firmed as Curve’s incentives and cash-flow plans drew new attention. DISCOVER: 9+ Best High-Risk, High-Reward Crypto to Buy in September2025 Which Altcoin Looks Strongest: LINEA, APX, or CVX? LINEA rose about +17% in the past day, trading near $0.0307 with roughly $552M in volume and a market cap of around $475M. Listings and ongoing claims thickened order books and improved depth. (Source – LINEA USDT, TradingView) The project says its 90-day claim window opened on September 10 and runs until December 9, 2025, at 23:59 UTC. That keeps distribution steady into year-end. APX traded around $0.74-$0.79, up roughly +14% on the day and about +750% on the week as the token transitions to $ASTER. Charts show a sharp seven-day climb, with some intraday variance across venues. (Source – APX USDT, TradingView) Binance Alpha backed the move, with the $ASTER migration executed on September 19. Aster said the APX Token Upgrade page went live on September 17, the same day as the TGE. CVX hovered near $3.85-$3.90, up about +8% on the day, with turnover between $50M and $65M. The move followed a fresh focus on Curve Finance’s income plan. (Source – CVX USDT, TradingView) Curve’s “Yield Basis” proposal would return 35%-65% of its value to veCRV holders, with voting scheduled through September 24. That matters for Convex, which aggregates veCRV as part of its yield strategy. Watch the pace of LINEA claims and new listings, execution milestones for the APX → ASTER swap, and the Curve vote outcome. Those three levers could decide which of LINEA, APX, or CVX keeps the lead. DISCOVER: Next 1000X Crypto: 10+ Crypto Tokens That Can Hit 1000x in 2025 Is Linea (LINEA) the Best Altcoin to Buy in 2025 After Its Airdrop and Market Surge? Linea’s distribution mechanics, the APX-to-Aster migration, and Convex’s exposure to Curve incentives have been the main forces shaping market moves this week. Linea’s first-wave airdrop, based on a July snapshot and open for claims since September 10, has kept supply and demand in constant motion as recipients weigh whether to hold or sell. Meanwhile, the APX-to-Aster token migration has become the standout story. Backed by Binance Alpha, the upgrade drew attention after on-chain trackers flagged large holders moving millions of APX into the swap. Linea reiterated its 90-day claim window on the project’s hub. Aster pointed to its September 17 token generation event and live upgrade page. Binance Alpha’s involvement added operational clarity around the APX migration, reducing uncertainty for traders. DISCOVER: 20+ Next Crypto to Explode in 2025 Join The 99Bitcoins News Discord Here For The Latest Market Updates The post LINEA, APX, and CVX Prices Pump: Best Altcoin to Buy in 2025 appeared first on 99Bitcoins.

Bitcoin (BTC), the leading cryptocurrency, has experienced a notable decline, erasing the gains it achieved following the recent decision by the US Federal Reserve (Fed) to cut interest rates. After soaring to nearly $118,000—just 5% shy of its all-time high—the market has faced renewed uncertainty. Despite this setback, experts emphasize that the long-term outlook for Bitcoin remains optimistic, especially as September 21 approaches, a date identified as pivotal for Bitcoin’s price trajectory. Will September 21 Mark The Start Of A New Bull Run? Market analyst Timothy Peterson highlights that historically, Bitcoin has finished the year higher 70% of the time after September 21, with a median increase exceeding 50%. He has dubbed this date “Bitcoin Bottom Day,” suggesting that the odds of a price increase are significantly favorable. Peterson notes that two of the three downturns in Bitcoin’s history occurred during established bear markets in 2018 and 2022, conditions that do not reflect the current market situation. This leads him to believe that the chances of a price rise are closer to 90% this year. Furthermore, Bitcoin’s track record suggests it has a nearly perfect chance of holding its gains six months post-September 21. Peterson estimates there is at least a 70% probability that Bitcoin will not drop below the $100,000 mark again. Analysts Warn Of ‘Sell the News’ Bitcoin Phase Ryan Lee, chief analyst at cryptocurrency exchange Bitget, also points to the recent 25-basis-point rate cut by the Fed as a factor that initially boosted Bitcoin’s price, briefly pushing it above $117,000. This cut, the first in nine months, reflects increased liquidity in the market. However, Lee cautions that the median projection of only 50 basis points in total cuts for the year could temper some of the optimism, introducing potential volatility as traders adjust their strategies. Historically, Bitcoin has experienced a dip of 5% to 8% following rate cuts before resuming its upward trend, suggesting a possible “sell the news” phase in the coming days. Despite these fluctuations, Lee remains bullish about the macroeconomic environment, asserting that lower yields on money-market funds (MMFs) are likely to direct capital toward alternative investments, such as cryptocurrencies. He emphasizes Bitcoin’s role as a hedge in this risk-on climate, especially with approximately $7.2 trillion currently held in cash-like instruments. Looking ahead, Lee predicts that the cryptocurrency may consolidate in the near term before targeting prices between $123,000 and $150,000, should additional rate cuts materialize. Analysts at Bitfinex also share a positive outlook, projecting that with three anticipated rate cuts by the end of the year and steady inflows into exchange-traded funds (ETFs), Bitcoin could reach between $125,000 and $135,000 by year-end. However, they also caution that if inflation or economic growth data hinder the Fed’s ability to proceed with further cuts, Bitcoin might stabilize within a range of $110,000 to $115,000 as institutional participation and ETF assets under management provide a solid floor. Featured image from DALL-E, chart from TradingView.com

Ethereum’s next major upgrade, called Fusaka, is scheduled for December 3, 2025, and it could play a central role in lowering scaling costs and supporting ETH’s bullish momentum. Developers confirmed the timeline after successful testnet deployments on Holesky, Sepolia, and Hoodi earlier this fall. What’s Inside the Ethereum Fusaka Upgrade? The upgrade brings about PeerDAS (EIP-7594), which enables the nodes to verify only portions of blob data rather than downloading the entire content. The network is more efficient with this change, and the ground is laid out to do full danksharding in the future. Together with PeerDAS, developers will release two Blob Parameter Only (BPO) forks. These modifications add progressively more capacity to blobs without necessitating new client software. BPO-1 will increase the target of the blob, which was 6/9 to 10/15, one week after Fusaka activates. BPO-2 will increase it to 14/21 a week later, which is over twice the capacity. Blobs, brought with the Dencun upgrade, reduce the expense of submitting data to the layer-2 (L2) networks. The usage of blobs has since been intense, with a robust demand being evident among rollups such as Arbitrum and Unichain. In the case of Ethereum, reduced L2 prices would imply greater on-chain utilization. This is a standard feedback into ETH demand, as gas charges and staking rewards are usage-dependent. In the medium term, the increased data capacity should enhance the role played by Ethereum as the settlement layer of decentralized finance. The upgrade arrives at a time when ETH is trading in a bullish setup, with analysts pointing toward the $6,000 range by October if momentum holds. DISCOVER: 9+ Best High-Risk, High-Reward Crypto to Buy in September2025 How Could the Fusaka Upgrade Impact Ethereum’s Role in DeFi? Ethereum developers have confirmed the public testnet timeline and the schedule for upcoming Blob Parameter Only (BPO) forks, according to researcher Christine D. Kim, who shared the update on X after the latest All Core Devs Consensus (ACDC) call. The first chart, covering March 2024 to September 2025, shows a steady rise in blob posting across chains and protocols. Daily activity surged past 200,000 in mid-2025, with Arbitrum One, Unichain, Inscriptions, and Abstract leading the way. (Source – X) This growth highlights the increasing reliance on Ethereum’s data availability layer as scaling solutions and L2s push for cheaper transactions. The second chart, focused on September 14-18, 2025, shows daily blob counts averaging between 1,000 and 1,500. ZERO Network and Unichain dominate here, while Infinaeon, Abstract, Arena-Z, and Soneium maintain smaller but consistent contributions. (Source: X) The trend suggests stable network demand rather than short-lived spikes. Together, the data shows Ethereum’s expanding role as a settlement layer. With $132 billion already locked on the network and blob usage accelerating, the Fusaka upgrade is designed to raise capacity without undermining decentralization. DISCOVER: Next 1000X Crypto: 10+ Crypto Tokens That Can Hit 1000x in 2025 Ethereum Price Prediction: Is ETH Preparing for a 30% Breakout Toward $6,000? Captain Fabric shared the chart, which points to a bullish continuation pattern in Ethereum (ETH/USDT) after its sharp rally earlier this year. In the daily chart, ETH has been forming a symmetrical triangle after breaking out of a long accumulation period. (Source: X) The establishment implies the possibility of another raise. Following the trend, ETH may experience an increase of approximately 30%, which will take the price levels to approximately $6,000 by October, as the forecast of the analyst suggests. The green box of the chart illustrates the estimated range of ETH, indicating the potential of the cryptocurrency to reach heights of over $6,000. This trend of the increases in the number of lows lends credence to this perception where buyer interest persists consistently even throughout the consolidation periods. To conclude, Ethereum seems to be setting the stage to take off again. At the time of writing, Ethereum is trading at $4460, showing a decline of -2.79% in the past 24 hours. DISCOVER: 20+ Next Crypto to Explode in 2025 Join The 99Bitcoins News Discord Here For The Latest Market Updates The post Ethereum Fusaka Upgrade: What It Means for ETH Price appeared first on 99Bitcoins.

Earlier this week, the US Federal Reserve (Fed) cut interest rates by 25 basis points, providing the much-required impetus to the economy after a cycle of raising interest rates to keep inflation under check. A cut in interest rates is likely to benefit risk-on assets, including Bitcoin (BTC). Fed Cuts Interest Rate, Bitcoin Supply Ratio Falls According to a CryptoQuant Quicktake post by contributor Arab Chain, the latest data from Binance shows that the interest rate cut has rekindled investors’ interest in BTC. Notably, the exchange supply ratio has declined to 0.0291, hinting that investors are choosing to withdraw their BTC from exchanges and hold it for the long-term instead of selling it. To support their analysis, Arab Chain shared the following chart, which shows a tumbling exchange supply ratio while the BTC price continues to shoot up. The analyst noted that the interest rate cut has increased risk appetite and improved liquidity in the market. This behavior shows that the Fed’s monetary policy will remain dovish for the near term, which could mitigate selling pressure on BTC for the time being. Low exchange supply is creating relative buying pressure, as Bitcoin’s stability above $115,000 further supports this trend. The analyst remarked that if BTC outflows from crypto exchanges continue at the current pace, then the digital asset may target the $120,000 resistance level. However, liquidity must continue to flow into digital assets, driven by the Fed’s decision. Arab Chain added: The continued decline in the Exchange Supply Ratio for Bitcoin, coupled with a rising price, reinforces the bullish scenario, especially if traditional markets stabilize after the Fed’s decision. Conversely, if the Exchange Supply Ratio turns upward again (if Bitcoin reenters exchanges), it could signal that investors are preparing to take profits at levels near 118K–120K. Meanwhile, crypto analyst Titan of Crypto had similar thoughts. In an X post, the analyst shared the following chart, saying that BTC is currently stuck under the bearish fair value gap. A daily close above this gap – highlighted in red – could pave the way for a new high for BTC. Is BTC Facing A Supply Crunch? A declining exchange supply ratio further suggests that BTC may be approaching a bullish ‘supply crunch’ that could lead to significant price appreciation for the digital asset in the near term. Recently, the Bitcoin Scarcity Index recorded its first spike since June 2025, indicating potential upward price pressure on BTC. Meanwhile, BTC outflows from Binance continue at a rapid pace, further reducing the digital asset’s active circulating supply. That said, some concerns still linger, specifically due to the lack of participation of whales in recent BTC price action. At press time, BTC trades at $116,374, down 1.3% in the past 24 hours.

Aster’s native token, ASTER, surged 1,650% in its first 24 hours of trading and reached $0.528, according to platform reports. Trading volume for the token in that window was listed at $345 million, and the launch reportedly drew 330,000 new wallets. Rapid User Growth And Liquidity According to on-chain data and platform disclosures, Aster’s total value locked jumped from $660 million to $1 billion shortly after launch. The platform claims total users of 1.848 million, with seven-day new user additions hitting 617,379. Reports show daily figures of 53,332 new users and $1.50 billion in 24-hour trading volume. The debut also included a Binance Alpha listing within hours and new perpetual markets introduced with up to 50x exposure across four assets. Platform income was reported at $466,838 for a day and $49.2 million in total earnings to date. Feature Rollouts And Trading Tools Based on reports, Aster moved quickly to enable spot withdrawals earlier than planned, using BNB Chain with a quoted 30-second processing time. The team activated ASTER/USDT perpetuals with four-times margin and hourly funding rate settlements. The platform also introduced a Genesis Stage 2 scoring program that rewards more than just raw trading volume, aiming to favor what it calls “smart traders.” Top users have been reported to show realized gains greater than $645,000 in early trading sessions. Technical Features And Security Aster has positioned itself as a multi-chain protocol with native support across BNB Chain, Ethereum, Solana, and Arbitrum, removing the need for manual bridging for many flows, according to technical notes. The protocol uses zero-knowledge proofs on its own Aster Chain for trade validation and taps Pyth Network oracles for price feeds. Reports show the platform uses collateral tokens like asBNB and USDF that can be staked to earn yield while remaining active in trading. Strong Endorsement Meanwhile, platform data listed $517 trillion in cumulative trading volume and close to $450 million in total TVL. Much of Aster’s surge can be tied to the strong backing of former Binance CEO Changpeng Zhao. His public endorsements, where he compared the platform’s liquidity to “Binance level” and praised the team’s execution, have played a major role in drawing attention and capital to the project. Featured image from Unsplash, chart from TradingView

Data shows bullish sentiment around Bitcoin Cash has exploded on social media, potentially explaining the coin’s pullback from its 17-month high. Bitcoin Cash Has Seen A Spike In Positive/Negative Sentiment In a new post on X, analytics firm Santiment has discussed the trend in the Positive/Negative Sentiment for Bitcoin Cash. This indicator measures, as its name suggests, the ratio between the positive and negative comments related to BCH that are currently present on the major social media platforms. The metric separates posts/threads/messages into bullish or bearish by putting them through a machine-learning model. Once they have been divided, it counts up the number of each and calculates their ratio to find the net sentiment on social media. Now, here is the chart shared by Santiment that shows the trend in the Positive/Negative Sentiment for Bitcoin Cash over the past month: As displayed in the above graph, the Bitcoin Cash Positive/Negative Sentiment fell to a low of 0.13 earlier in the month. Such a value corresponds to there being just 0.13 bullish comments for every bearish post. Thus, it would appear that social media traders were heavily leaning toward a negative outcome for BCH. Interestingly, what followed the market disbelief was a surge in the coin’s price to the $650 level for the first time since April 2024, around 17 months ago. This pattern is something that has actually been seen many times throughout the past. “Historically, prices move the opposite of the crowd’s expectations,” notes the analytics firm. This means that an excess of bearish sentiment tends to be a buy signal for the cryptocurrency, while overexcitement can lead to a top. While BCH initially observed the former type of effect, market balance quickly shifted, and it’s now facing the latter part of the pattern. From the chart, it’s visible that the sharp rally in the coin brought with it a huge spike in the Positive/Negative Sentiment to the 2.3 level. Bitcoin Cash has witnessed its price drop by around 6.7% since this dominance in bullish sentiment has emerged. It now remains to be seen how the market will react to the pullback and whether another shift in the Positive/Negative Sentiment would follow. Naturally, a pivot back to the bearish zone could help stabilize the price decline. In some other news, centralized exchanges have just received a huge amount of USDC inflows, as pointed out by CryptoQuant community analyst Maartunn in a new post on X. With this inflow spree, investors have deposited $1.33 billion in the stablecoin to exchanges, the highest level in more than four years. “Massive stablecoin deposits like this often precede major market moves,” explains the analyst. BCH Price At the time of writing, Bitcoin Cash is floating around $605, up more than 2.5% over the last seven days.

CryptoQuant chief executive Ki Young Ju has revived a cycle-top debate with a fresh model-based call that puts Bitcoin’s upper bound at roughly $208,000 per coin. Sharing CryptoQuant’s “Price Prediction Based on Realized Cap” dashboard on X, Ki wrote: “Nobody cares about my calls anymore, but just saying I’m bullish on Bitcoin. Too much capital inflows onchain. Way too much.” The post reprises his data-driven commentary from early 2024, when he argued that “#Bitcoin could reach $112K this year driven by ETF inflows, worst-case $55K.” That framework came conspicuously close: Bitcoin went on to register a 2024 high above $108,000, narrowly under his $112,000 projection. Why Bitcoin Price Could Top Above $208,000 The chart Ki published on September 18 visualizes three time series derived from CryptoQuant’s realized-cap methodology: the spot price of BTC (black), a model “ceiling_price” (red) and a model “floor_price” (green). As of 17 September 2025 (UTC), the panel annotated a spot marker at $116,453, a ceiling at $208,310 and a floor at $41,662, with the dashboard showing it was “last run” two hours prior. In other words, the model currently locates Bitcoin well above its inferred floor and still materially below the band it treats as an overvaluation zone. The implication of Ki’s share is not a guarantee, but a statement that, given prevailing on-chain capital inflows and the realized-cap structure, the market has room—by this metric—to extend toward that $208,000 upper band. Realized cap values the network by summing each coin at the price it last moved on-chain rather than the current market price, a construction that tends to track investor cost basis over time. CryptoQuant’s dashboard projects dynamic “floor” and “ceiling” bands around spots that, historically, have framed multi-year expansions and contractions. Ki’s renewed bullishness ties those bands to what he describes as surging demand pressure visible in settlement flows and ETF-linked capital migration onto the network. The continuity with his February 2024 note is explicit: then he cited exchange-traded product inflows as the dominant driver of an advance toward six figures; now he points to “too much capital inflows onchain” while circulating a model that places the ceiling near $208,000. It is noteworthy that Ki is not presenting an open-ended forecast but rather a model snapshot that updates with market structure. The same dashboard that prints a $208,310 ceiling today also marks the risk floor at $41,662, underscoring the spread of outcomes the realized-cap approach contemplates. His track record with the $112,000 “this year” guidance—followed by a print just above $108,000—will inevitably color how traders receive the new post. But the framing remains analytical: a data readout of where Bitcoin sits relative to its realized-value envelope after a year and a half defined by US spot ETF adoption and deepening institutional participation. For now, Ki’s message is simple and blunt—“I’m bullish on Bitcoin”—and anchored in the same on-chain lens he used 10 months ahead of the 2024 peak. Whether the market ultimately approaches the model’s $208,000 ceiling will depend on how those on-chain inflows evolve against macro liquidity, ETF and corporate treasury demand as well as miners’ supply behavior. What his chart makes clear is that, by CryptoQuant’s realized-cap bands, Bitcoin has not yet tested the top of its statistical range in this cycle. At press time, BTC traded at $116,173.

YZi Labs, the family office linked to Binance founder Changpeng Zhao, is putting more weight behind Ethena Labs, the company behind the synthetic dollar USDe. The timing is interesting. Binance only recently added support for USDe across a few of its services, and now YZi is coming in with deeper backing. It looks like they’re making a clear bet that Ethena is picking up real traction. Ethena’s Numbers Are Climbing This move from YZi Labs comes after USDe saw a big jump in both supply and usage. The stablecoin now has more than 13 billion dollars in circulation, and the total value locked has passed 14 billion. That kind of growth tends to catch attention. For YZi, this isn’t a new relationship. They were involved early on. But this time, they’re going further, giving Ethena more resources to grow across new platforms and roll out new features. Where Ethena Is Aiming Next A big part of the plan is getting USDe onto more exchanges and plugged into more DeFi tools. That means more places to use it, more liquidity, and hopefully more everyday adoption. Ethena also wants to build out its presence on BNB Chain, which ties neatly back to the Binance connection. On top of that, they’re preparing to launch two new products. One is USDtb, which is a fiat-backed stablecoin designed to be regulatory-friendly. The other is something called Converge, which is pitched as a settlement layer built for institutions and real-world asset platforms. DISCOVER: 9+ Best High-Risk, High-Reward Crypto to Buy in September2025 Why YZi Is Getting Louder About It Now There’s a good chance YZi is trying to lock in more influence while USDe is still growing fast. Being early gave them a head start, but deeper involvement now could let them help shape what comes next. It also doesn’t hurt that Binance just rolled out USDe in places like futures markets and yield products. That wider usage likely gave YZi more reason to step in again, especially if they see even more demand building from those integrations. bitcoinPriceMarket CapBTC$2.30T24h7d1y What Could Go Sideways With all the momentum, there are still plenty of risks. Getting USDe to work well across many platforms takes more than just hype. The system it relies on to stay stable involves hedging and coordination, and those things don’t always go smoothly at scale. If anything breaks down or feels off, trust can slip quickly. And with new products like USDtb and Converge still in the works, there’s also the challenge of getting through regulatory hurdles without losing speed. DISCOVER: Next 1000X Crypto: 10+ Crypto Tokens That Can Hit 1000x in 2025 What It Means for the Rest of the Market Stablecoins are no longer just about being pegged to a dollar. These days, it’s also about what else they offer. Yield, flexibility, and how well they fit into both DeFi and TradFi matter just as much. The more USDe grows, the more pressure it puts on other stablecoins to keep up. If Ethena pulls this off, it could push the entire sector in a new direction. What to Watch Going Forward Now it’s a question of follow-through. Keep an eye on how quickly USDe spreads to more exchanges and apps. See if USDtb and Converge actually launch and if people use them. And watch whether this extra support from YZi turns into real growth or just headlines. Either way, Ethena just got a bigger spotlight. DISCOVER: 20+ Next Crypto to Explode in 2025 Join The 99Bitcoins News Discord Here For The Latest Market Updates Key Takeaways YZi Labs, the family office linked to Binance founder CZ, is increasing its investment in Ethena Labs, the issuer of the USDe stablecoin. USDe now has over $13 billion in circulation and more than $14 billion in total value locked, helping draw renewed attention from YZi Labs. Ethena is working to expand USDe into more DeFi tools and exchanges, while also preparing to launch USDtb and a new product called Converge. The closer ties to Binance, including USDe integrations into yield and futures products, may be fueling YZi’s deeper involvement. Despite the momentum, Ethena still faces risks tied to scale, trust, and regulation as it pushes new products into the market. The post CZ’s YZi Labs Doubles Down on Ethena and USDe Stablecoin appeared first on 99Bitcoins.

Grayscale has officially launched a new crypto ETF called GDLC, short for Grayscale Digital Large Cap Fund. This fund is different from anything else on the market because it gives investors access to a group of major cryptocurrencies all in one go. That makes it the first index-based spot crypto ETF in the United States. What GDLC Actually Offers Instead of focusing on just one coin like most crypto ETFs, GDLC includes a mix of five digital assets. These are Bitcoin, Ethereum, Solana, XRP, and Cardano. Bitcoin has the largest share, with the others taking up smaller portions. This kind of setup is designed to reflect which coins are most dominant in the market by size and activity. Why This Is a Big Deal Until now, most spot crypto ETFs have only focused on individual tokens. If you wanted exposure to more than one, you had to buy each one separately or rely on other types of funds that didn’t directly hold the coins. This fund changes that. With GDLC, you can now get a broad slice of the crypto market in one place, and that can save time, reduce hassle, and help manage risk. DISCOVER: Best New Cryptocurrencies to Invest in 2025 How the Fund Works GDLC tracks an index, meaning it follows a fixed list of cryptocurrencies based on market performance and size. The fund is built to hold these actual assets, not futures contracts or synthetic products. That makes it a spot ETF, a more straightforward way to invest. It also updates its holdings as the market shifts, keeping the fund aligned with top assets over time. bitcoinPriceMarket CapBTC$2.30T24h7d1y What Sets It Apart The biggest difference here is that it combines several leading cryptocurrencies into a single regulated product. This is the first time U.S. investors have had access to a spot ETF with a diversified crypto mix. That gives the fund a unique position in a space where most products still focus on just Bitcoin or Ethereum. It also reflects growing demand for more complete exposure to the digital asset space. DISCOVER: 20+ Next Crypto to Explode in 2025 What Could Still Go Wrong Crypto is known for being unpredictable. Even though GDLC is diversified, all five coins in the fund can still move sharply in either direction. Investors will also be paying close attention to how well the fund tracks its index and how it performs compared to direct holdings. Other concerns might include fees, liquidity, and whether the fund stays transparent and efficient over time. What This Means Going Forward With this launch, Grayscale has opened the door for more innovation in crypto investing. If GDLC proves successful, other firms may follow with similar products. For now, this gives investors a new way to access the crypto market in a format that is easier to manage, more diversified, and backed by real holdings. It will be worth watching how the market responds in the weeks ahead. DISCOVER: 20+ Next Crypto to Explode in 2025 Join The 99Bitcoins News Discord Here For The Latest Market Updates Key Takeaways Grayscale has launched GDLC, the first index-based spot crypto ETF in the U.S., giving investors exposure to multiple digital assets in one fund. GDLC includes Bitcoin, Ethereum, Solana, XRP, and Cardano, with weights based on market dominance and trading activity. The fund holds actual cryptocurrencies, not futures contracts, and updates its holdings over time to reflect market changes. This is the first regulated spot ETF in the U.S. to offer diversified crypto exposure in a single product, instead of focusing on one coin. Despite the diversification, GDLC still carries risk from crypto volatility, index tracking, and fund management challenges. The post Grayscale Launches GDLC, First Index-Based Spot Crypto ETF appeared first on 99Bitcoins.

Institutional staking may soon receive a significant boost as reports emerge that Grayscale is preparing to stake its substantial Ethereum holdings. This move would mark a pivotal shift for one of the world’s largest crypto asset managers, bringing billions of dollars worth of ETH into active network participation. In an X post, on-chain analyst CryptoGoos has brought to light a significant development in the institutional crypto space. Grayscale is reportedly preparing to stake its massive Ethereum holdings. Although not yet confirmed, such a move, which was flagged by on-chain data following a transfer of over 40,000 ETH, is a significant signal of Grayscale’s evolving strategy and a potential game-changer for the ETH market. Why The Grayscale Move Could Accelerate Mainstream Adoption According to the data, Grayscale’s alleged transfer of a large sum of ETH is consistent with preparatory steps for staking. The firm, which holds approximately 1.5 million ETH in its various trusts, is now positioning a portion of that vast holding to earn staking rewards. If this is indeed the case, it would be a historic moment. Grayscale would become the first US-based ETH ETF sponsor to offer staking in the market, a feature that has been a point of contention with the Securities and Exchange Commission (SEC). While reports suggest Grayscale is preparing to stake ETH, market analyst TheKingfisher has issued a significant warning based on the ETH GEX+ chart, which he states is flashing a strong negative signal. This analysis centers on a key options metric known as Gamma Exposure (GEX), an indicator that provides insight into how professional traders, or dealers, are positioned in the market. The dealers are short gamma at the current implied volatility (IV) of 61 and an index price of $4,593. This dynamic is where volatility is likely to be amplified. Instead of a market that moves slowly and predictably, the ETH GEX+ signal suggests that price swings could be sudden and extreme, catching most retail traders off guard with the speed of moves. However, smart money considers the development a rare opportunity to capitalize on aggressive dealer hedging. In the meantime, this environment demands tight risk management. The Gateway To Price Discovery Ethereum price is at a pivotal point, currently consolidating between the $4,000 support level and its previous all-time high. MilkRoadDaily has also revealed that the next crucial step for ETH is a weekly close above its all-time high, which would put the asset into a phase of price discovery, where history shows the biggest moves have happened. Drawing on this historical pattern, MilkRoadDaily suggests that in the previous market cycle, ETH cleared its old highs with a parabolic run, ripping an additional 240%. If this historical pattern were to repeat itself, a similar move from its current position could project a new price target of around $16,500.

This week, when US Energy Secretary Chris Wright said the US should look to boost its strategic uranium reserve to buffer against Russian supplies and increase confidence in the long-term prospects of nuclear power generation, it shone a spotlight on the impending uranium supply deficit. Uranium is a crucial source of reliable baseload power as nuclear energy, and the US requires an estimated 32 million pounds of uranium annually for its current nuclear reactors. Energy Fuels’ White Mesa Mill in Utah is the only producing mill in the US. Russia supplies about a quarter of the enriched uranium needed by America’s fleet of 94 nuclear reactors, which generate about a fifth of US electricity. In 2024, the United States consumed 50 million pounds of uranium, but only produced 677,000 pounds, according to the Energy Information Administration. That is just over 1% of their needs, and sums up the current geopolitics around US uranium supply. The rush to ensure domestic US uranium supply hearkens back to the 1940s era Manhattan Project, a secret US-led World War II program to develop nuclear energy capabilities before foreign adversaries could. Largest mineable uranium deposit in the US US uranium miner and nuclear reactor technology developer Eagle Energy Metals this summer struck a deal to go public through a merger with blank-check company Spring Valley Acquisition Corp., capitalizing on growing energy demand amid the AI boom. The deal gives the combined company a pro-forma equity value of $312 million. The company was founded in late 2023 around the American Energy Independence National Security Narrative, Eagle Energy Metals CEO Mark Mukhija told MINING.com in an interview. The company acquired the Aurora uranium project in 2024, which it says is the largest mineable uranium deposit in the US. The company’s land package spans the Oregon-Nevada border, with the mine on the Oregon side and the plant on the Nevada side. The Aurora deposit has a near-surface resource of over 50 million pounds of uranium, generated from more than 500 holes drilled to date. Adjacent to Aurora is the Cordex deposit, which has had over 100 holes drilled into it and offers significant upside of additional uranium resources, Mukhija said. Rising demand “We saw what was happening with power demand when it comes to AI and cryptocurrencies and quantum computing and not even mentioning the humanoid robot wave that’s probably going to come as well,” Mukhija said. “So after two decades of relatively flat power demand, we’re at this inflection point where, you know, energy usage could triple by 2050. So we always wanted to be a part of that and addressing that big problem that’s coming.” “And nuclear, I believe, is the only way to do that, compared to intermittent power sources like wind and solar, which are great, but they don’t provide that baseload power level at the capacity factor that nuclear does.” Small modular reactor technology Alongside its Aurora asset, the company is also bringing to market its small modular reactor technology, which was developed at the University of New Mexico. Mukhija said Eagle Energy Metals will be the first domestic uranium resource exploration firm with SMR technology. SMR is an advanced nuclear reactor design that is significantly smaller and more flexible than traditional large reactors. “It’s a fully portable, walkaway safe, liquid-cooled metal fast reactor. And these are built completely at a factory, sealed, and then they’re delivered to site. Our micro modular reactor can deliver up to 3.3 megawatts of power,” Mukhija said, adding that the SMRs can be deployed at disaster relief areas, military outposts, and mine sites. Mukhija said the executive orders to expand critical minerals production in the US aim to quadruple nuclear energy capacity in the United States by 2050. “You’re going to go from 50 million pounds to 200 million pounds of uranium that’s needed. And that’s not even taking into consideration the build-out that China is going to be doing.” “AI cannot be decoupled from national defense – power is the bottleneck. We’re in project Manhattan 2.0. We need to get as much power generation as possible.” “And we’re excited to be a part of the Western response to all of that because we need to make sure that the United States has uranium and fuel for their reactors. This project meets national policy initiatives of a resource that the country needs.” The company is focused on baseline environmental and cultural studies, and plans to start a prefeasibility study in H2 2026. This year, it completed a SK1300 technical report summary on the Aurora asset.

The Ethereum price has spent the past weeks stuck in a wide consolidation zone, testing bullish momentum as analysts anticipate its next big breakout. One market expert has highlighted a critical level for ETH, suggesting that as long as the second-largest cryptocurrency can hold above this level, its path to surpassing the $5,000 milestone remains intact. Ethereum Price Faces Critical Level At $4,400 According to market expert Daan Crypto Trades on X social media, Ethereum’s recent price action has been choppy following two slow weeks of trading. The analyst’s chart shows that ETH has oscillated between $4,100 and $4,800, with several stop hints and liquidity grabs creating false moves on both the bullish and bearish side. Despite these fluctuations, the $4,400 zone, which sits around the 200-day Moving Average (MA) on the 4-hour chart, continues to act as the key support level that stands between ETH and the $5,000 milestone. Daan Crypto Trades noted that this critical support is not just technical but also aligns with strong accumulation levels. The analyst highlighted that Bitmine Immersion Technologies, Inc. (BMNR) has been steadily adding to positions, though at a slightly lower pace as Net Asset Value (NAV) flows ease. This shows that as long as Ethereum can maintain its price above the $4,400 support level, buyers may remain in control. The chart clearly illustrates this battle for support. ETH’s dips below $4,500 have so far been short-lived, with price consistently bouncing back into the consolidation range. This repeated defense strengthens the case for Ethereum to sustain its momentum and build the foundation for a run above $5,000. For now, patient accumulation within the consolidation zone appears to be the market’s strategy as the cryptocurrency gears up for a potential breakout once broader conditions align. $5,000 Is Only A Matter Of Time In a follow-up analysis, Daan Crypto Trades reinforced his bullish view, noting that Ethereum is essentially in a “$5,000 waiting room.” The analyst’s chart highlights this view, showing ETH rebounding strongly after retesting the $4,400 region. With both the 200 MA and 200 EMA on the 4-hour chart acting as underlying support, the cryptocurrency’s structure appears intact despite short-term volatility. Daan Crypto Trades suggested that while a retest of $4,000 – $4,100 is still possible, the market is unlikely to sustain a breakdown below that zone as long as ETH holds $4,400. In other words, maintaining this critical support could pave the way for new all-time highs. The chart also reflected the market’s resilience, with ETH rejecting the lows and quickly climbing back toward $4,600. Such a rebound often signals that bulls may be preparing for the next leg higher. If the momentum continues, Ethereum retesting its former all-time high of $4,868 and breaking above $5,000 may only be a matter of time.

Log in to today's North American session Market wrap for September 19 Today’s story was one of cautious optimism for global trade, as both Washington and Beijing struck a more constructive tone. President Trump described the talks with Xi Jinping as “positive and constructive,” while adding that progress had been made on “several important issues.” That shift in rhetoric provided a relief bid across risk assets, even as broader market themes remained volatile. And despite all the classic diplomatic talk, Markets are still awaiting for actual concrete news but for now, we will content with the current words from Xi and Trump which don't sound too pessimistic overall. As long as they keep discussing, progress can be made but the path is still to deglobalization amid a growing economic cold war between the two superpowers. In that aspect, the latest Global acquisition of US Treasuries data, China moved to slash its UST holdings — now at the lowest since 2008 — is a reminder of lingering financial tensions beneath the surface. On the other hand, Japan and the Uk boost their acquisitions by quite a lot. Canada also reopened its trade dialogue with the US, another sign that tariff-heavy relations could see small steps toward easing. The US Dollar raging back higher is also one of the themes of today's session and will have to be tracked closely looking forward, as a potential double bottom could now be coming in play. Commodities also surprised to the upside, not such a shocker when seeing the better tone around global trade as seen in the headlines, but overall, a discrepancy of a USD rising higher and Gold/Silver also rising is giving an interesting picture. Overall, these flows keep coming at the cost of US treasuries which are the denominator (and getting sold off aggressively amid a not-so-dovish FED). An interesting term that could be in play is reflation – I invite you to look this term up which corresponds well to the current flows. Read More:Markets Weekly Outlook - PMI and PCE in the Spotlight as US Dollar Remains Sensitive to US Labor DataEnd of week US stock market outlook – S&P 500, Nasdaq and Dow Jones chartsPost-FOMC US dollar surge shifts global markets – DXY outlookCross-Assets Daily Performance Cross-Asset Daily Performance, September 19, 2025 – Source: TradingView Stocks are finishing close to their highs but the ongoing close is not as impressive as metals, which are raging higher yet again: Silver just broke $43, new yearly highs. Nothing seems to stop the everything rally – Once again, the reflation trade is booming. It explains the entire flows of this year. Also, cryptocurrencies and particularly altcoins got slammed today, seemingly from profit-taking as nothing shocking appeared. Overall, the weekly close is certainly far from scary, but does offer some interesting pictures. A picture of today's performance for major currencies Currency Performance, September 19 – Source: OANDA Labs Today marked the comeback of the forgotten currencies of 2025 – The Canadian Dollar, which landed first of all majors, followed by the US Dollar and the Japan Yen. A fairly fresh picture as all of these currencies had been struggling since the onset of this year, with their fairly despicable fundamentals (bad economy for the Loonie, de-globalization for the USD and low rates for the Yen) – Are things changing or is this just some end-week flows? We'll see that next week. A look at Economic data releasing in tonight and tomorrow's sessions For all market-moving economic releases and events, see the MarketPulse Economic Calendar. This weekend will see a few headlines releasing for economic-aficionados – Saturday will start with the European Economic and Financial Affairs Council to target economic coordinates measures for 27 member nations. Sunday will see the advent of the PBoC rate decision where huge stimulus is expected to be announced, particularly as some speakers previewed that the decision would be easier to make after the FED cut. For Monday, get ready for a flurry of Central Bank speakers throughout the entire day. The FX week is going to be an interesting one! Safe Trades and an enjoyble weekend! Follow Elior on Twitter/X for Additional Market News, interactions and Insights @EliorManier 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.

Consensys chief Joe Lubin has told reporters that MetaMask’s long-awaited native token, widely known as MASK, is “coming” and could appear sooner than many expect. According to Lubin, the token will be tied to efforts to push parts of MetaMask toward greater decentralization. MetaMask Plans And Recent Moves MetaMask has not been idle while the token talk simmered. The wallet recently rolled out a native dollar stablecoin called MetaMask USD, or mUSD, which now plays across Ethereum and the Linea Layer-2 network. Reports show mUSD’s market presence has already grown, with a reported market cap of $53 million. What The Token Might Do Based on reports, MASK is expected to give users more say over certain platform choices, and to reward activity inside the wallet. Lubin framed the move as part of a decentralization push that includes MetaMask, Linea and other Consensys projects. How rewards or governance will work — who gets what, or when — has not been published. What Users May See Next MetaMask’s own co-founder, Dan Finlay, has said previously that if a token is launched it would be promoted directly inside the wallet interface. That approach is meant to reduce confusion and cut down on scams that copy social posts or emails. Reports suggest the team is weighing options such as targeted rewards for active users, but no formal airdrop plan has been announced. Scale And Stakes MetaMask is used by a large audience. Based on prior reporting, the wallet serves millions of users worldwide — some outlets put that figure at over 30 million — which makes any token launch a major event for the broader crypto ecosystem. A token from a widely used wallet could reach many people fast. At the same time, that reach raises questions about price swings, user safety, and how regulators will view the move. Timing And Details Remain Sparse Lubin’s comments make a launch sound imminent, but MetaMask has not released token supply numbers, vesting schedules, or precise rules for distribution. Until those details appear, users and developers will have to watch official MetaMask channels for confirmation. Based on reports, the next official word will likely come from MetaMask or Consensys itself and not from third-party posts. Featured image from Unsplash, chart from TradingView

The FTX Recovery Trust is gearing up for its third distribution to creditors affected by the exchange’s significant collapse, with payments set to commence on September 30, 2025. FTX Trust Confirms Payments To Eligible Creditors According to the official statement, this distribution will be available to holders of allowed claims categorized under the Plan’s Convenience and Non-Convenience Classes who have completed the necessary pre-distribution requirements. Eligible creditors can expect to receive their funds through their chosen distribution service provider—either Bitgo, Kraken, or Payoneer—within one to three business days following the distribution date. In this upcoming distribution, the Recovery Trust will adhere to the waterfall priorities outlined in the Plan. Specifically, Allowed Class 5A Dotcom Customer Entitlement Claims will receive an additional 6%, bringing their cumulative distribution to 78%. Meanwhile, Allowed Class 5B U.S. Customer Entitlement Claims will see a substantial 40% distribution, elevating their cumulative total to 95%. Additionally, Allowed Classes 6A General Unsecured Claims and 6B Digital Asset Loan Claims are each set to receive a 24% distribution, which raises their cumulative distributions to 85%. Interestingly, Allowed Class 7 Convenience Claims will benefit from a major 120% distribution. FTT Token Soars 22% The native token of the failed exchange, FTT, has experienced notable growth . According to data from CoinGecko, FTT’s price has surged by 22% over the past seven days. The token reached a peak of $1.13 on September 18 before experiencing a slight retracement. Over the week, FTT has fluctuated between $0.78 and $1.06. Despite this recent rally, it’s important to note that FTT’s all-time high of $84.18, achieved in September 2021, remains nearly 99% above its current price levels. Featured image from DALL-E, chart from TradingView.com

Week in review - Fed Delivers Cut but Keeps Markets in Check A busy week that was still dominated by the highly anticipated Federal Reserve Meeting. I have to say, hats off to Fed Chair Powell who kept markets in check whether you think he is right or wrong in his decision. Believe me there is support in both camps. Fed Chair Powell in particular has been under pressure from the political sphere while labor data and mixed economic signals put the Fed Chair in the firing line. The Fed board itself faced a key decision as markets have turned extremely dovish in expectations ahead of the meeting. The message from the Fed balanced market expectations while not giving too much away and pushing back to some degree at least, the questions of Fed independence. So how did the markets perform? The S&P 500 and the Nasdaq stock indexes are on track to have their third consecutive week of gains. This positive trend was fueled by the Federal Reserve's first interest rate cut of 2025 and hints that more relaxed monetary policies could be on the way. A renewed sense of optimism around stocks related to artificial intelligence (AI) also contributed to the market's rise. However, the US stock market was a bit unsteady earlier in the day. Investors were still trying to understand the Fed's future plans and were paying close attention to comments made by Stephen Miran, the newest Fed governor and a White House economic adviser, who spoke on CNBC on Friday morning. Also on Friday, US President Donald Trump and Chinese President Xi Jinping spoke on the phone, and afterward, Trump announced that they had made progress on a deal for TikTok. He also said that the two leaders had agreed to a meeting in person next month in South Korea. So far in September, the three main US stock indexes—the Dow Jones Industrial Average, the S&P 500, and the Nasdaq Composite—are all performing well. This is unusual because September has historically been a difficult month for the US stock market. Data shows that since the year 2000, the S&P 500 has, on average, lost 1.4% of its value during this month. Most Read: Post-FOMC US dollar surge shifts global markets – DXY outlook How has the US Dollar Reacted? The US Dollar has been resilient since the decision and not surprising considering that what the Fed delivered was more hawkish than expected. For the Fed decision impact, read Caution Over Speed: How the Fed Framed Its First Cut However, the Fed met expectations by announcing its first rate cut of the year and indicating there would be two more cuts. This caused the dollar to immediately drop by about 0.5% against other currencies. But within half an hour, the dollar had regained all of its lost value as US government bond yields started to rise again. This quick reversal was likely due to how traders were positioned in the market, rather than a change in how they viewed the Fed's announcement. It was a "trader's market"—meaning it was influenced more by short-term trading behaviors than by long-term economic signals. The US Dollar index (DXY) is ending the week with 3 successive days in the green. US Dollar Index Daily Chart, September 19, 2025 Source: TradingView.Com (click to enlarge) Despite this rebound, the long-term outlook for the dollar doesn't seem very positive. The Fed has officially stated that the risk to its two main goals—stable prices and maximum employment—is now more focused on a weaker job market. With the expectation of two more rate cuts this year, bringing the policy rate down to 3.00-3.25%, the dollar could weaken. When the immediate market excitement dies down, the dollar is likely to fall back toward its lowest levels of the year and will become very sensitive to upcoming US job market data. The Week Ahead - Global PMIs and US PCE Next week is a busy one with Flash PMI survey data will provide a key focus for the markets in the coming week, though Friday's release of the US core PCE price index will also be eagerly awaited. Other releases of note include revised US GDP numbers, consumer confidence data for the US and Europe, plus US, home sales, durable goods orders and inventories. Asia Pacific Markets - Tokyo CPI High impact data will be a bit sparse from Asia next week with the biggest data release being from Japan. Tokyo CPI data will be released after the BoJ held rates steady but with a hawkish shift on Friday. Two officials on the central bank's board unexpectedly voted against the majority, showing a more "hawkish" view—meaning they are more concerned about inflation and are in favor of raising interest rates. The market was also caught off guard by the central bank's announcement that it would begin selling its holdings of exchange-traded funds (ETFs) and Japanese real estate investment trusts (J-REITs). This move is a strong sign that the Bank of Japan (BoJ) is serious about gradually returning its monetary policy to normal. Based on these signals, I believe that an interest rate hike is a probability in October. Global PMI and US PCE Data in Focus Over the next week, several officials from the Federal Reserve (the Fed) will be speaking publicly. This is an important opportunity to hear their individual views on the economy after the Fed recently decided to resume cutting interest rates. They'll likely provide more details on how they see the risks to the economy, especially after signaling that their main forecast is for two more rate cuts this year and one in the next. The most important data release will be the core personal consumer expenditure (PCE) deflator on Friday. This is the inflation measure the Fed prefers to use. While the core consumer price index (CPI) rose a bit more than expected last month, the core PCE is likely to show a more modest increase. This is because it gives less weight to housing costs and includes different data like airline fares and healthcare costs. If the core PCE comes in as expected, it would give the Fed a clear signal to move forward with more rate cuts in October and December. Additionally, new housing market data will be released. With more homes available for sale but still weak demand from buyers, there are growing concerns that home prices could start to fall. Looking at the Euro Area and based on recent data, business activity in August, measured by PMIs (Purchasing Managers' Indexes), was very positive, primarily because of a significant increase in manufacturing. However, a separate survey from the European Commission suggests that this boost might be a one-time event, as future expectations for the manufacturing sector weren't particularly strong. For September, this creates a question for economists: Will the positive mood from the summer continue, or was August's good performance just a brief exception? We think the latter is very possible, especially given that the economy is currently growing at a slow pace. For all market-moving economic releases and events, see the MarketPulse Economic Calendar. (click to enlarge) Chart of the Week - Gold (XAU/USD) This week's Chart of the week is Gold. From a technical standpoint, Gold pulled back after the FOMC meeting and retested the bull flag pattern breakout from Monday. A bullish move since leaves gold on course for another week of gains above 1%. Gold is trading just shy of the $3700/oz handle. A weekly close above this level seems unlikely this late in the day which leaves Gold in a precarious position heading into the new week. Looking at the four-hour timeframe, Gold has recorded a change in structure but could be in for a short-term pullback before continuing higher. Gold has seen its price target updated by many institutions as a combination of potential US Fed rate cuts, along with continued central bank buying and ETF inflows are likely to keep Gold supported. That of course does not rule out small price retracements in the interim and that could come into play at some stage next week if profit taking does occur. If the US Dollar index retreats next week that could be another factor which could influence the trajectory of Gold prices, so keep an eye on that. Immediate support rests at 3666 before the 3656 and 3627 handles come into focus. Looking at the upside and immediate resistance rests at 3700 before all-time highs at 3707 comes into focus. Gold Four-Hour Chart Chart - September 19, 2025 Source:TradingView.Com (click to enlarge) Trade Safe. 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.

Chainlink (LINK) is building momentum as bullish signals begin to align, strengthening the case for an upcoming breakout. After sweeping liquidity and testing resistance levels, the price action now suggests growing buyer confidence, indicating that LINK may be poised for its next major upward move. Impulsive Price Action Suggests Building Momentum More Crypto Online, a respected crypto analyst on X, recently provided an update on Chainlink, highlighting that the price is currently testing a critical micro-resistance level. This area is seen as a short-term hurdle for LINK, and the way the price reacts here could set the tone for its next major move. The analyst emphasized that the latest push higher looks impulsive, a sign that buyers are stepping in with strength. Such moves often precede larger rallies if supported by continued volume and market participation. However, despite the positive signs, caution remains as the breakout has yet to be confirmed. Importantly, a decisive break above the $25 resistance level will be the key trigger for bulls. Such a move would not only reduce the probability of the bearish “yellow scenario” but also open the door for higher price targets in the sessions ahead. Until then, LINK remains in a delicate position where the market’s response will dictate whether a stronger rally unfolds or if sellers attempt to push it back down. Chainlink Ready To Rip Higher In his analysis, Crypto Patel highlighted that Chainlink is showing signs of a bullish breakout, with price action positioning itself for a potential strong move higher. He noted that the setup is supported by several technical factors, suggesting that buyers are gaining control. One of the main elements driving this setup is the price respecting the Orderflow Block, serving as a confirmation of demand strength. This indicates that buyers are consistently defending this area, preventing LINK from falling lower and creating a strong foundation for an upward push. Patel also pointed out that there was a liquidity sweep just below last week’s low at $22.229, which trapped late short sellers in the market. Such a move often strengthens the bullish case, as trapped shorts are forced to cover their positions, further adding buying pressure to the market. Adding to the bullish picture, Patel emphasized a Market Structure Shift (MSS), showing a clean bullish order flow in LINK’s price action. Finally, Patel highlighted that the risk-to-reward ratio looks highly attractive, particularly with the option of placing tight stops, allowing traders to minimize downside exposure while maximizing potential gains if Chainlink confirms its breakout. Altogether, the key factors create a compelling case for LINK’s next bullish leg.

Colorado Springs – A year of record bullion prices has the gold sector talking less about buying ounces in takeovers and more about finding them in their midst. At the Mining Forum Americas in Colorado Springs, the industry’s biggest producers, streamers and would-be builders struck a rare consensus this week: stick to tier-one assets, keep balance sheets clean, and let grade, margins and jurisdiction do the heavy lifting. Franco-Nevada (TSX, NYSE: FNV) set the tone. CEO Paul Brink framed gold’s long run – about 9% a year against the U.S. dollar – as the backdrop for selective growth and shareholder returns. Wheaton Precious Metals (TSX, NYSE: WPM) echoed the message, citing how early-stage streaming can de-risk transactions without bloating operators’ capital plans. Barrick Mining (TSX: ABX; NYSE: B), Agnico Eagle Mines (TSX, NYSE: AEM) and Newmont (NYSE: NEM; TSX: NGT) each pressed the case that the next leg of production will come from a smaller set of better mines. “We’re not interested in growing for the sake of growing,” Brink said. “Our mantra is to grow profitably.” Franco sold 463,000 gold-equivalent oz. last year and sees “plenty of gas in the tank” from non-producing assets even though they have no output forecasts yet. He joked that a restart at Cobre Panamá would have the team “drinking champagne for a month” because the company invested nearly $1.4 billion before the mine’s sudden closure nearly two years ago. Another cycle However, even with gold setting a new record this week above $3,700, miners face a range of obstacles, from permitting delays and rising construction costs to unpredictable politics in host countries. Gold majors have made similar vows to be disciplined in past bull markets, only to chase growth through costly deals such as Barrick’s 2011 acquisition of Equinox Minerals at the height of the copper boom, or Newmont’s $10-billion purchase of Goldcorp in 2019, which left investors underwhelmed by the returns. Barrick Mining CEO Mark Bristow leaned into discovery, calling Nevada’s Fourmile “quite simply, the greatest gold discovery of this century.” Credit: Henry Lazenby Some see partnerships and creative financing as ways for developments to succeed. Wheaton CEO Randy Smallwood described the company’s $300-$400 million (C$413 million – C$550 million) stream tied to Barrick’s pending Hemlo sale in Ontario as both validation capital and due-diligence ballast. “Having a streamer come in and support the M&A side should help give confidence,” he said, calling Hemlo a “top notch asset” with room to run. Wheaton’s outlook climbs to about 800,000 gold-equivalent oz. by 2027 and, by its internal profile, a million by 2031. “I’m confident we get there before then,” Smallwood said. Barrick CEO Mark Bristow leaned into discovery, calling Nevada’s Fourmile “quite simply, the greatest gold discovery of this century” and a “generational” project. An updated study released Tuesday points to a 25-year mine producing 600,000-750,000 oz. gold a year at all-in sustaining costs of roughly $650-750 per oz., using a $2,500 per oz. gold price base case. Capital would run $1.5-1.7 billion. “Think about what that means for the upside,” Bristow said. “Results are pointing to a doubling of ounces by the end of this year.” The growing copper contribution from Reko Diq in Pakistan and the Lumwana super-pit expansion in Zambia may see Barrick grow gold-equivalent output about 30% by 2029, he said. Agnico stays the course Agnico Eagle Mines’ CEO Ammar Al-Joundi distilled his message to four points: the business is performing, five major projects should add 1.3-1.5 million oz. of annual production from 2030, exploration is “exceptional” with 121 rigs turning, and focus beats fads. “We’re not going to do anything crazy,” he said, adding the company is not considering a competing bid on the back of Anglo American’s (LSE: AAL) proposed acquisition of Teck Resources (TSX: TECK.A TECK.B, NYSE: TECK). As Canada’s largest miner, Agnico is encouraged by “a sea change in attitude” from Ottawa after the election, Al-Joundi said, while cautioning that progress will take time. Newmont President and Chief Operating Officer Natascha Viljoen struck a sober note: lock in margin expansion rather than chase price. She said the company isn’t “turning dials” to grab short-term ounces – no high-grading, no surge mining – while gold is hot. Instead, Newmont is finishing the Newcrest integration, reshaping its organization around an 11-asset, tier-one core and has finished a disposal program capped by selling the Coffee project in the Yukon for up to $150 million, announced on Monday. The company has also announced a staff reduction. “We have stabilized the business and our focus now is on optimization,” she said. The company aims to finish the restructuring this year. AngloGold Ashanti CEO Alberto Calderon said three-quarters of company output already comes from tier-one assets and the aim is 85% by the mid-2030s. Arthur in Nevada is the “cornerstone” of that plan, with a prefeasibility study on the Merlin deposit due in February. Tropicana in Australia – “a very good asset for still two or three years” – may be sold “at some point,” he said, with proceeds ideally recycled into another tier-one mine in a developed jurisdiction. Meanwhile China’s Zijin Mining (SSE: 601899; HKEX: 2899) offered a different lens – 600 electric haul trucks across 12 mines in five countries and no sign of higher unit costs-creep versus diesel, deputy president Shaoyang Shen said. The company is spinning out Zijin Gold International in Hong Kong, bundling eight non-Chinese producing gold mines into a 1.5-1.8-million-oz. unit in one of the year’s largest initial public offerings. Shen closed with a plea for more cross-border cooperation despite “signs of anti-globalisation.” Margin first, then ounces Kinross Gold (TSX: K; NYSE: KGC) CEO Paul Rollinson kept to the margin script. With mills full, the lever is grade and cost discipline. “Our margin expansion has outpaced the gold price,” he said, as Kinross returns about $650 million this year through dividends and buybacks. He called the Great Bear project in Ontario “a cash engine” in waiting, forecasting roughly 500,000 oz. a year at about $800 all-in sustaining costs and, at today’s prices, near $1 billion of annual free cash flow once steady state is reached. In Chile, the Lobo-Marte mine remains the second leg of growth. Gold Fields (NYSE, JSE: GFI) CEO Mike Fraser said consolidating the Gruyere mine via the Gold Road Resources acquisition will tilt about half of group production to Western Australia next year and, with Windfall in Quebec later, move about 80% of output into Organisation for Economic Co-operation and Development countries, a group of mostly Western wealthy nations. “We don’t have to be the biggest,” he said. “We want to be the highest-quality producer,” measured per share. Northern Star Resources (ASX: NST) managing director Stuart Tonkin underscored the scale of its KCGM mill expansion in Kalgoorlie – A$1.5 billion to lift capacity to 27 million tonnes a year within nine months. Output there is set to double from about 450,000 oz. to 900,000 oz. by fiscal 2029, putting KCGM in the global top five. The project also unlocks a vast, low-grade stockpile with an estimated 3 million ounces. “There’s A$12-13 billion ($7.95-8.62 billion) of cash flow just sitting in that stockpile,” Tonkin said. If the sector holds that line, investors may finally get what they’ve asked for in every cycle: growth that adds value per share, not just ounces to the tally. As Brink quipped while projecting where a 9% compound price takes gold in five years: “I like that number. The industry’s bet is that discipline will make the math do the work.”