Given the nature of its blockchain, bitcoin was long considered to move around within a broader four-year cycle prompted by the halving, which takes place in general every four years. However, the pattern has been rejected in the past year or so, and popular on-chain analyst Willy Woo took the same approach in his latest opinion on the matter.

He suggested that BTC may be transitioning toward a six-to-eight-year cycle, increasingly influenced by the same debt and liquidity conditions that drive traditional financial markets.

From Halving to Liquidity?

Woo’s reasoning begins with the cryptocurrency’s diminishing supply shock. Following the latest halving in April 2024, new BTC issuance dropped to approximately 0.8% of the existing supply per year. The next event, scheduled to take place in early 2028, will reduce that figure to roughly 0.4%.

As newly mined supply becomes increasingly insignificant relative to the existing market, Woo argued that the halving’s ability to dictate BTC’s broader price cycle weakens. Instead, the asset may begin moving more closely with TradFi’s six-to-eight-year short-term debt cycle.

The halving framework worked remarkably well for much of bitcoin’s history. Now, though, the market structure has changed dramatically, perhaps mostly from the US spot Bitcoin ETFs. Current data shows that these financial products hold close to 1.3 million BTC, which is over 6% of the circulating supply. Public companies with at least 1,000 BTC currently own over a million units.

Together, ETFs and those corporate treasuries controlled almost 12% of circulating BTC – vastly more than miners now create annually.

Others who have supported the narrative that the four-year cycle is dead include Arthur Hayes, who claimed in 2025 that traders focus too heavily on it, and Fidelity Digital Assets. In a report from last year, the analysts questioned whether BTC’s maturing market could produce more gradual rallies and corrections rather than the violent boom-and-bust cycles of the past.

Not Everyone Is Convinced

Galaxy Research examined the same question in June this year, but concluded something different – BTC’s four-year cycle remains visible in the data. The researchers noted that bitcoin again peaked in October 2025, roughly 18 months after the April 2024 halving – precisely within the historical window.

The difference is that each cycle is becoming less extreme. Bitcoin’s previous bear markets produced drawdowns of approximately 85%, 84%, and 77%, while the decline to the July 1 low was considerably milder at just over 53%.

The post Bitcoin’s 4-Year Cycle Could Be Changing: Willy Woo Reveals What Could Replace It appeared first on CryptoPotato.

For the eighth consecutive week, the spot XRP ETFs ended in the green, attracting almost $19 million. Although this sounds impressive, the actual number was significantly lower than last week’s figure.

Moreover, Friday ended as a no-inflow day for the first time in about three weeks, reigniting an old dilemma about actual demand.

XRP ETFs Still in the Green

The last full week of August was the best for the XRP ETFs in 2026. They gained over $110 million, making it the most impressive one since early December 2025. The first slowdown during the previous business week was felt on August 31, when investors poured in a more modest $5.64 million.

The double-digit net inflows returned on September 1 with $14.38 million, but the trend changed on Wednesday when withdrawals were dominant with $7.20 million taken out. This was the first red day for the Ripple ETFs since August 5.

$6.14 million entered the funds on Thursday, but Friday was a no-show day with SoSoValue data showing flows of $0.00. The good news is that the cumulative total net inflows hit another all-time high of $1.68 billion.

The worrying part of the weekly performance is actually twofold. First, it was Wednesday’s net outflows, which broke a near-one-month streak. Second, it was Friday’s no-reportable flows, which raised concerns that had been forgotten in the past few weeks.

Before the market-wide revival experienced after August 19, the spot XRP ETFs had seven such days out of 11 trading days in August. Nevertheless, the broader weekly performance was still bullish with almost $19 million in net inflows. The streak of consecutive green weeks is up to eight.

XRP Defends $1.40

Despite the massive inflows of over $110 million during the previous business week, the underlying asset had failed to capitalize and had fallen below the key support at $1.40 last weekend. It dipped further to $1.33 during the new week, but finally found support and surged to $1.45 on Friday.

It was stopped there and pushed south to $1.41 as of press time, which means that it remains above the key support at $1.40. Analysts remain highly bullish on its recent performance, claiming that its bull phase has finally begun. Moreover, Ali Martinez and EGRAG CRYPTO outlined some mind-blowing price targets for the culmination of the bull market, of up to $60.

We break them down in more detail in this article, and review the actual obstacles XRP would have to face on its way to these levels.

The post 8 in a Row: Ripple (XRP) ETFs Record Another Green Week but Warning Signs Return appeared first on CryptoPotato.

The spot exchange-traded funds tracking the largest cryptocurrency attracted almost $1 billion in the past week, despite the $236 million in net outflows registered on September 1.

The Ethereum ETFs were also well in the green. They have marked more inflows than outflows for eight out of the past nine weeks.

BTC ETFs See Another $1B in Inflows

The previous business week ended with a $201.81 million net outflow from the spot BTC ETFs, but the overall performance was quite impressive. The inflows in the other four days offset all the losses on Friday, and the week ended with a net gain of $924.48 million. Thus, the funds built on the previous week’s major inflows of $1.92 billion.

August finished with net inflows of $216.70 million, followed by $236.46 million in net outflows on September 1. Investors shifted their stance in the following three days by attracting $101.15 million on Wednesday and $174.60 million on Friday. Thursday was particularly spectacular, as the funds gained $730.87 million, the highest amount since January.

Thus, the total number for the week was $986.85 million, bringing the cumulative net inflows to $55.62 billion. Recall that this number had plummeted to $51.79 billion in mid-August.

BlackRock’s IBIT remains the undisputed leader in the ETF space, with cumulative net assets exceeding $62.6 billion. Fidelity’s FBTC follows suit with $14.07 million, and Grayscale’s larger fund, GBTC, is next with $10.36 billion.

ETH ETFs in Green, Too

Given their size, the spot Ethereum ETFs have performed even better over the past several weeks. As mentioned above, they have had only one red week since early July, and even that was quite modest, with just $2.26 million in net inflows back in mid-August.

The financial vehicles gained $824.42 million during the week that ended on August 28, and another $218.41 million in the first week of September. Thursday was once again the most notable day in terms of net inflows, with $141.39 million entering the funds. Another $87.68 million went in on Monday, $10.95 million on Tuesday, and $26.46 million on Friday. The only red day was Wednesday with $48.08 million.

The cumulative total net inflows have skyrocketed from $10.89 billion in early July to $13.19 billion on September 4.

The post Bitcoin ETFs Rake In Nearly $1 Billion as Ethereum Funds Keep the Streak Alive appeared first on CryptoPotato.

It was just three months ago that FUD around Zcash (ZEC) was running rampant, and a vulnerability in its Orchard privacy pool turned the tables and raised some uncomfortable questions.

The situation has taken a major turn, as the protocol patched the issue, and its privacy nature made it arguably the top performer in the large-cap altcoin space in the past three months.

The Meteoric Rise

Recall that the issue was first disclosed by Zcash founder Zooko Wilcox and members of Shielded Labs, who explained that a hacker could have used this weakness to make endless fake ZEC in Orchard, Zcash’s protected transaction area, without getting caught right away. Although by the time they made this public, the vulnerability was fixed, it still pushed some prominent names, such as Arthur Hayes, to dispose of their holdings, citing further potential issues.

The impact on the native token was felt immediately. The asset traded at $650 before the issue became public and tumbled by 60% within a day or so to $260 as FUD was being spread left and right.

That’s when the trend reversed for the privacy coin as it managed to stabilize at around $500, where it spent the next couple of months. The most significant leg up began with the August 19 market-wide breakout that drove it to $900. While the rest of the market stalled following the initial gains, ZEC kept climbing and briefly exceeded $1,200 earlier today for the first time in almost 10 years.

This means that the token has skyrocketed by 370% since the early June low. Its market cap now is above $20 billion, making it bigger than HYPE and DOGE.

Data from CoinGlass shows that ZEC’s spectacular surge over the past 24 hours has resulted in $46 million in short liquidations, the highest among all cryptocurrencies.

The Drivers and What’s Next

Shortly after the mid-August rally began, Grayscale debuted its Zcash ETF (on August 25), which has already raked in $34.4 million in net inflows.

“The bigger question isn’t whether Zcash can keep going up. It’s whether the ETF era is creating a new pathway for capital to rotate into crypto assets that were previously overlooked. ZEC may be an early test of that thesis,” commented The Wolf of All Streets.

Meanwhile, Ted Pillows noted that a major whale DCA-ed into ZEC between 2022 and 2024, accumulating 22,840 ZEC for about $1.1 million. The position had grown to $23 million by today, when they transferred the entire amount to Binance, potentially to cash in.

Crypto Patel weighed in on ZEC’s price potential, indicating that it has created a “Beautiful Cup & Handle Pattern” on the weekly scale. He added that the asset has broken the Neckline/Resistance of this pattern, which could materialize in another massive surge to $2,200.

As Per $ZEC Chart, you can see a Beautiful Cup & Handle Pattern formed on the Weekly Timeframe.@Zcash has already broken the Neckline/Resistance of this pattern, and if the pattern follows the 100% target, the target could be around $2,200.

No doubt, Cup & Handle is a strong… pic.twitter.com/Eys4EivIHQ

— Crypto Patel (@CryptoPatel) September 6, 2026

The post ZEC Just Hit $1,200: What You Need to Know About Its Meteoric 370% Surge in 3 Months appeared first on CryptoPotato.

The CLARITY Act received a potentially important boost ahead of its first Senate floor test, which was supposed to take place on September 15, but another scheduling setback is further threatening its chances of becoming law this year.

On the plus side, the National Sheriffs’ Association (NSA) has changed its tune on the landmark crypto market structure bill from opposition to neutral after previously raising concerns that it could make it more difficult for authorities to combat illicit finance involving digital assets.

NSA Turns Neutral

In the filing to the US Senate, the agency said that it believes the appropriate course is to step back and allow the legislative process to continue given the legislation’s complexity and the issues still being negotiated. This change matters because law enforcement concerns had become a major hurdle for some Senate Democrats whose votes could determine whether the bill advances.

Although the NSA’s move doesn’t mean that it now supports the legislation, its shift from opposition to neutrality removes a source of pressure on senators considering voting to advance it. Essentially, it removes another potential obstacle to attracting the Democratic support the bill needs when it reaches the Senate floor later this month.

Recall that the Senate Majority Leader John Thune filed a cloture vote motion to proceed with H.R. 3633 in early August so that the Senate can vote on the bill once recess ends.

The vote requires 60 senators and will not pass the CLARITY Act itself. Instead, success would limit debate on the motion to proceed and move the bill toward formal Senate consideration. Republicans hold 53 seats, meaning that Democratic or independent support will be necessary if the conference votes together.

Another Setback

House Republican leaders canceled voting sessions during the weeks of September 21 and 28, removing eight legislative days from the calendar, and the House is now scheduled to leave Washington on September 17, which is just two days after the Senate’s first procedural vote.

The new calendar leaves no time for the Senate negotiations to begin and conclude before lawmakers turn their attention to the November midterms. That makes a post-election lame-duck session an increasingly realistic path for the legislation if it clears the Senate.

Galaxy Research already reduced its estimated probability that the CLARITY Act will become law in 2026 from 50% to 30% after the Senate failed to vote on it before the August recess. Prediction markets are even less optimistic, with passage odds currently below 20%.

The post CLARITY Act Gets a Major Boost, But Another Setback Threatens Its 2026 Passage appeared first on CryptoPotato.

As with most previous weekends, this one is also quite sluggish for bitcoin, which continues to fight for $80,000 without making any major moves.

The same cannot be said for some altcoins, though. ZEC, for example, has skyrocketed by 17% daily, while ARB has stolen the show with a massive 42% surge.

BTC Fights for $80K

The primary cryptocurrency closed August (on Monday) in the green for the first time in a bear market, surging by over 25% for the month. This came even after its early Monday retracement from $79,000 to $77,000 as the US and Iran resumed the strikes against each other.

Bitcoin rebounded to $79,000 rather quickly, but it was rejected on Tuesday and driven south to under $76,500 by Wednesday. That’s when the bulls returned in full force, initiating a major leg up that drove the asset to $82,400. This became BTC’s highest price tag since mid-May.

However, the strong US jobs report from Friday led to a major decline, as bitcoin slipped by three grand as the odds for the Fed to hike the rates skyrocketed. Nevertheless, BTC managed to rebound from the drop to $78,600 and jumped to around $80,000, where it spent most of the weekend, even though the amount of bearish news that should push it south has risen significantly in the past week.

Its market capitalization is back at $1.6 trillion on CMC, while its dominance over the alts has declined slightly to 59.1%.

ZEC, ARB on a Roll

Ethereum has neared $2,500 again after a 1.75% increase daily. BNB, which touched $770 yesterday, is below $760 now, while XRP has defended the $1.40 support. SOL is well above $100 once again, and similar gains are evident from the likes of HYPE, DOGE, RAIN, XMR, LINK, and ADA.

Uniswap’s UNI has jumped to $7 after a 10% increase, while ZEC is close to $1,200 for the first time in almost a decade following a major 17% jump. Arbitrum’s native token has stolen the show, surging by 42% to over $0.19.

The total crypto market cap remains at just over $2.7 trillion on CMC after a 0.8% increase since yesterday.

The post Arbitrum (ARB) Rockets by 42% Daily, Bitcoin (BTC) Fights for $80K: Weekend Watch appeared first on CryptoPotato.

Bitcoin tried and failed on several occasions to decisively break above the crucial $80,000 level, but perhaps the more important question is why it hasn’t dumped much further.

After all, the macro landscape is anything but bullish given the renewed attacks between the US and Iran, the hawkish Fed, and the surprisingly strong jobs data.

BTC Should Be Hurting

The latest geopolitical developments arrived this weekend as the two warring parties exchanged fresh attacks after Iran’s Revolutionary Guard launched ballistic missiles against two US Navy vessels. The US subsequently struck three Iranian crude oil carriers, while the Middle Eastern country also targeted tankers and US-linked vessels in waters around the Strait of Hormuz.

The escalation matters far beyond geopolitics as Brent crude climbed toward $100 per barrel again amid renewed concerns about energy supplies. Higher oil prices can directly feed into inflation, making the Federal Reserve’s decision next week even harder.

The US central bank has become another issue for BTC. Chair Kevin Warsh adopted a distinctly more hawkish tone at Jackson Hole last week, emphasizing that inflation remains too high and that the Fed could still have “work to do.”

The odds for a September rate hike jumped after the speech and went even higher after Friday’s jobs report. It showed that the US economy added 162,000 jobs in August, almost triple expectations of 56,000, while unemployment remained unchanged at 4.1%.

Although that’s good news for the economy, risk assets do not benefit as the hope for easier monetary policy fades given the higher inflation.

September rate hike odds jumped to 65% at their peak. The two-year Treasury yield reached its highest level since January 2025, the greenback strengthened, and stocks came under pressure.

Bitcoin dropped by $3,000 initially, but rebounded swiftly.

Absorbing Bad News

All of the above creates an atmosphere highly unfavorable for risk-on assets like BTC. Yet it remains at $80,000 even during the weekend when the attacks in the Middle East resumed, and it’s up roughly 25% over the past month.

Part of the explanation for why the cryptocurrency has performed so well comes from the ETF performance. The funds continue to attract significant amounts, with Thursday being a prime example. Over $730 million entered the ETFs, the highest single-day level since January.

What’s even more impressive is that gold has lost a significant portion of its gains charted after the mid-August rally, while BTC holds strong. However, this doesn’t guarantee that BTC cannot fall. In fact, there are two major threats in the next 10 days or so.

First, it’s the CPI, which arrives on September 11. A hotter-than-expected inflation reading, especially after the rise in oil prices, could push expectations for a rate hike even further.

Then it’s the conclusion of the FOMC meeting on September 16. An increase in the rates combined with hawkish guidance from Warsh could finally push BTC through key support levels, as discussed yesterday.

The post Bitcoin at $80K Is Stronger Than It Looks: BTC Is Surviving a Perfect Storm of Bearish News appeared first on CryptoPotato.

The correlation between the leading cryptocurrency and the largest financial asset, gold, has climbed to its highest level since the 2020 pandemic, while its relationship with the Nasdaq has weakened significantly.

The shift comes as concerns about debt, deficits, and currency debasement return to the spotlight after the latest developments in the US.

Closer to Gold

The change started to occur following the mid-August rally, which was propelled by the US Treasury Department’s announcement that it would at least double the maximum size of liquidity-support buybacks for longer-dated government debt, going from $2 billion to $4 billion per operation.

BTC rocketed from under $65,000 to over $80,000 within days, while the bullion went from $4,350/oz to $4,700/oz before it was rejected.

The analysts at the Kobeissi Letter argued that BTC’s increasing correlation with the precious metal accelerated following the Treasury’s move, with investors increasingly treating both as protection against currency debasement, even though gold has lost a major chunk of its gains.

Grayscale’s Head of Research, Zach Pandl, supported this narrative, noting recently that the bitcoin-gold correlation has climbed from near zero at the beginning of the year to over 50%. At the same time, the Nasdaq relationship has moved in the opposite direction.

US federal debt going past $40 trillion, persistent government deficits still existing, and concerns about the long-term purchasing power of fiat currencies have brought the so-called “debasement trade” back into focus.

Both BTC and gold have limited supply characteristics that can make them attractive under that thesis, despite the cryptocurrency’s infamous volatility.

Further Away From Nasdaq

The other part of the equation could be equally important since BTC’s 90-day correlation with the Nasdaq 100 has fallen from over 60% to around 30%-33%. This is a major change from earlier periods, when the cryptocurrency frequently behaved like a high-beta tech asset, jumping alongside growth stocks when financial conditions eased and vice versa.

The August rally was a striking example of the opposite, with BTC gaining over 20% in days, while US equities struggled. As previously reported, bitcoin had underperformed the S&P 500 on roughly two-thirds of trading days over the preceding three months before it suddenly reversed that trend.

This divergence suggests investors are increasingly valuing bitcoin for its scarcity and monetary properties rather than simply treating it as a speculative risk asset.

However, this substantial trend change does not mean that the relationship with equities has fully flipped. The Friday reaction to the strong US jobs report hinted at a higher correlation between the two as both asset classes slipped.

The post Bitcoin’s Link to Gold Hits a 6-Year High as Tech Correlation Fades: Why It Matters appeared first on CryptoPotato.

The monetary landscape in the United States changed in the past week or so, first after the hawkish stance taken by the current Federal Reserve Chairman, Kevin Warsh, and then following last Friday’s strong US jobs report.

As such, the expectations have changed, with investors and experts pricing in a potential rate hike for the next FOMC meeting scheduled to take place on September 15-16. After answering how this could impact BTC, we turned our focus to XRP, whose case was described as “arguably more interesting than bitcoin’s,” by ChatGPT.

What Happens to XRP Then?

With the current odds on prediction markets at well over 50% for a rate hike in September, the warning signs for risk-on assets are fully flashing. This was felt on Friday briefly after the jobs report, with BTC dropping by $3,000 and XRP slumping from $1.45 to under $1.40, where it found support.

ChatGPT estimated that the cross-border token is likely to react “more violently to a Fed hike” even though it has two cushions: strong ETF demand and the CLARITY Act process. The initial reaction to a 25 bps increase on September 16 would be a 4%-8% decline, the AI predicted. From the current levels, this would materialize in a dip below $1.30.

The situation could worsen in the following days and weeks, with $1.20 emerging as the first major support to be tested. If Warsh takes an even more hawkish approach in his post-FOMC meeting speech, XRP could “fall further toward $1.05-$1.15.”

One of the cushions mentioned above, the CLARITY Act, has not made any real progress lately. It was delayed once again in early August, and its September vote, scheduled for just a day before the conclusion of the FOMC meeting, is no longer guaranteed after the latest developments. As such, XRP could be primed for even more painful performance in case of a rate hike.

The Dark Horse

ChatGPT believes that the spot XRP ETFs could be the silver lining for the underlying asset, as they have remained relatively solid even during market distress, and their performance has picked up after the August rally. The cross-border token could quickly bounce after the initial shock if the Fed signals no immediate second hike and the ETF demand is still intact.

If that’s the case, $1.50-$1.60 will come into focus as this level has halted many of XRP’s previous breakout attempts. However, if the Fed surprises the market and raises rates by 50 bps, while Warsh goes fully hawkish, the altcoin’s future could quickly deteriorate, with another leg down to and even below $1.00, ChatGPT warned.

The post Fed Rate Hike Could Hit XRP Hard: ChatGPT Reveals How Low Ripple’s Price Could Go appeared first on CryptoPotato.

The largest meme coin by market cap has soared on Saturday evening to $0.094, hitting a two-week high. The move is rather unexpected given the typically calm nature of the weekends.

However, there were certain signs about a potential rally, even though DOGE has slipped from its local high to $0.09 as of press time.

CryptoPotato outlined yesterday the three major signals that flashed for DOGE, including the TD Sequential. Analysts quickly determined that the OG meme coin is primed for another leg up.

However, that didn’t transpire at first, as the asset was rejected at $0.088 and slipped back down to $0.084 as the entire market bled following the strong US jobs report, which was considered bearish for risk-on assets.

Nevertheless, DOGE exploded on Saturday evening, gaining 12% from its low yesterday to the two-week high at $0.094. Popular analyst CW noted that the meme coin has reached the first major sell wall on its path forward, which is too solid to be broken now. If it falls, though, the next such wall sits all the way up at $0.14.

Fellow analyst Alex Marzell believes DOGE did “exactly what it needed to,” as it rebounded from the Friday lows to reclaim a key resistance.

$DOGE did exactly what it needed to.

Friday’s jobs print dumped it back to the $0.083 base, six flat 4H candles held it, and today one 4H candle ripped $0.0876 to $0.0952 straight back through $0.088.

Old resistance is the new line. Hold $0.088 and I think $0.095 goes next and… pic.twitter.com/y7hW91yCek

— Alex Marzell (@MarzellCrypto) September 5, 2026

Max Crypto also weighed in on DOGE’s impressive move and even suggested that its breakouts have been the “best indicator” for the start of an Altseason.

The post Dogecoin (DOGE) Suddenly Pumps by Double Digits as Analysts Declare the Start of Altseason appeared first on CryptoPotato.

CryptoQuant data shows that bitcoin investors started realizing major profits after the explosive August rally, disposing of roughly 110,000 BTC in just a few weeks.

Such highly concentrated profit-taking developments have historically been followed by substantial price correction for the underlying asset, the analysts warned. Moreover, several demand indicators have weakened, which could add to the selling pressure.

110K BTC Profit Taken

The major run that began on August 19 at prices of under $65,000 drove the leading cryptocurrency to almost $80,000 in just two days. According to CQ’s latest weekly report, holders realized net profits of 23,000 BTC on that day alone (August 21), which became the largest single-day profit realization this year.

The asset indeed dipped in the following days as it felt almost inevitable after such a gigantic jump, but went on the offensive once again in the following week or so. It rocketed past $82,000 on Friday before it was rejected following the US jobs report, and now sits below $80,000.

The report described the major profit-taking as a classic characteristic of a bullish cooldown, but warned that if they continue at such a rapid pace, the asset’s price could be primed for another correction. Historical occurrences have shown that BTC tends to dump hard after a major rally if investors are not convinced about its potential.

“It is a hallmark of a bullish cooldown: bullish because it happens into strength, cautionary because concentrated realization can cap near-term upside,” reads the report.

Cooling Demand

CryptoQuant outlined another reason why BTC could be primed for a more profound correction, even though it already slipped from $82,400 to $79,600. Its apparent spot demand briefly expanded by 43,000 units, marking its fastest growth pace of the year. However, that metric has lost its momentum and is now back in contraction.

US investors’ demand has weakened as well. The most used metric for this, the Coinbase Premium, measuring the price difference between the asset on the leading US exchange and other trading platforms, has returned to slightly negative territory at -0.05.

The analysts said similar periods of soft US spot demand have capped the cryptocurrency’s rallies three other times this year alone.

Nevertheless, the short-term picture does not necessarily mean that BTC’s run is over and that it will return to a bearish phase. The Bull Score currently stands at 70, which is above the 60 threshold historically associated with sustainable bull markets.

” This keeps the broader picture constructive: Bitcoin remains in the early phase of a new bull market even as short-term momentum cools. The “official” bull market begins once price closes above its 365-day moving average,” they added, outlining that this key MA is located at around $83,000 – the level that stopped BTC in May.

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Binance Coin is among the top performers in the past 24 hours in the altcoin space, surging by over 6% and further extending its lead above XRP in terms of market cap placement.

This impressive rally on a rather dull Saturday after the Friday market rejection came following some positive news from Kalshi and the overall growth of the BNB Chain.

BNB Pops

The native token of the broader Binance ecosystem traded at $725 yesterday amid the market-wide revival that drove BTC to $82,400. However, the subsequent retracement prompted by the strong US jobs report pushed it south to $710. The asset found solid support there and exploded out of the gate, surging to $770 minutes ago for the first time since early February.

This Saturday’s rally is quite unexpected since most of the market is still in the red following yesterday’s bad news for risk-on assets. As such, the reason for BNB’s defiance is likely coming from outside factors, such as Kalshi’s move to launch perpetual futures contracts for the asset in the US, regulated by the Commodity and Futures Trading Commission.

Leverage is capped at around 4.5x for eligible US traders and comes after the platform added support for other altcoins such as ADA, AAVE, WLD, and VVV. Kalshi also supports BNB Smart Chain (BSC) integrations for managing deposits and withdrawals on international accounts.

BNB Chain Growth

The other probable reason comes from a Grayscale report cited by Wu Blockchain. As explained, BNB Chain is among the most widely used networks for trading tokenized equities.

The paper reveals that the weekly spot volume peaked at almost $3 billion in August, while only 5% of the market is currently deployed in on-chain finance. Robinhood Chain leads the pack, followed by BNB Chain and Solana.

Grayscale explained that further US regulatory clarity could “expand tokenized stocks from global, around-the-clock trading products into productive on-chain financial assets.”

Grayscale: Tokenized Equity Weekly Spot Volume Nears $3B, Only 5% Used in Onchain Finance

Grayscale said tokenized equity trading reached record highs in August, with weekly spot volume peaking near $3 billion, while only about 5% of the market is currently deployed in onchain… pic.twitter.com/ZcVA72DYTX

— Wu Blockchain (@WuBlockchain) September 4, 2026

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Although it was rejected at $1.70 a couple of weeks ago after its major mid-August surge, Ripple’s cross-border token is still up by 40% from its multi-year lows marked less than a month ago.

This has turned numerous analysts highly bullish. While this sounds quite expected for market observers like EGRAG CRYPTO, Ali Martinez’s recent price target is what got the community going.

XRP to $60!?

Martinez has recently been quite convinced that Ripple’s native token has already bottomed out during this cycle and is on its path to recovery. In a previous post, he noted that XRP’s breakout is confirmed and outlined a more modest target of $1.70. This one came actually after the asset reached that level on August 21-22, following its 70% surge in less than 72 hours.

However, it was violently rejected there and pushed south to under $1.35 last week. Its ability to maintain that level and the subsequent rebound to the current $1.40 gave bulls more hope, and Martinez joined the party.

In a post from earlier today, the analyst told his 166,000 followers that XRP has been “forming a massive ascending triangle on the monthly chart.” If it breaks above and closes north of the key barrier at $3.66, then it would “confirm the breakout and activate a technical target near $60.” Yes, that’s $60 per XRP.

XRP BULL MARKET TARGET: $60

For nearly a decade, $XRP has been forming a massive ascending triangle on the monthly chart.

The $3.66 resistance level is the key barrier. A monthly close above it would confirm the breakout and activate a technical target near $60. pic.twitter.com/RpAnbER9cv

— Ali Charts (@alicharts) September 5, 2026

Now, we are not trying to be the bearer of bad news, but $60!? Even if it takes another 10 years, it would require a near-4,200% surge from current levels. Moreover, its market cap, even if XRP’s supply remains the same, which it won’t, would be at around $4 trillion (yes, with a T). This would make it 2-3 times bigger than BTC’s current market cap, and its valuation would top even giants like Amazon and Microsoft.

Maybe $25?

Similar highly bullish (and a bit far-fetched) predictions typically come from other analysts, such as EGRAG CRYPTO. But even his most recent analysis was more modest than Martinez’s.

Basing his findings on XRP’s previous expansions, in which the asset exploded by up to 2,400%, the analyst outlined some major targets in his September 5 analysis. The highest of which is at $25 if XRP is to mimic the most significant rally from its 2017-2018 bull phase.

The other, slightly less bullish, targets are set between $11 and $15.8. Naturally, all of those sound a bit unrealistic at the moment, even though the market structure has shifted significantly over the past several weeks.

The post XRP’s Breakout Rally Has Begun, Analysts Say – But Their Targets Will Shock You appeared first on CryptoPotato.

Following the strong US jobs report from Friday and the hawkish stance taken by Federal Reserve Chair Kevin Warsh the week prior, the odds for a rate hike have grown significantly in just seven days.

Bitcoin’s price reacted to both developments with a minor leg down before it recovered some of the losses. An actual rate increase, though, could have a much more profound effect.

What Happens to BTC

The previous FOMC meeting in July was quite condensed, as it was described as the most unpredictable one in over six years. At the end, though, the Fed refused to change the rates, leaving them at 3.50%-3.75% following a 9-3 vote.

However, the fact that there were 3 policymakers in favor of such a monetary pivot was the first hint at a potential change. The rest came in the past week or so, as Warsh was quite hawkish during his first Jackson Hole speech at the end of August. The blowout US jobs report from yesterday only tilted the odds further, currently being at over 50% for a hike, since it gives the central bank leeway to keep fighting the stubborn inflation through a tighter monetary policy.

Next week’s CPI data will be crucial. The FOMC meeting will take place on September 15-16, and ChatGPT believes BTC’s initial reaction will be a nosedive. However, the AI platform added that it “would not expect another catastrophic bear-market leg.”

Instead, it noted that the key part of bitcoin reaction will be from the fact of whether the hike is “already fully priced in by then, and what Kevin Warsh says about what comes next.”

“At the moment, markets are putting roughly a 60% probability on a September hike after the surprisingly strong August jobs report. BTC is around $79,650 after already falling from above $81,000 as that probability increased.”

Precise Prediction

The popular AI chatbot noted that another 2%-5% decline is expected in ten days after the conclusion of the FOMC meeting if the Fed indeed proceeds with hiking the rates. This means that bitcoin would test the $75,000 support at first.

Another leg down to $72,000 could be in the cards if yields continue climbing by the end of September. Moreover, it could slip below $70,000 for the first time since mid-August if Warsh remains hawkish. Those scenarios are in case the Fed increases the benchmark by 25 bps.

In the more unexpected scenario in which the central bank hikes it by 50 bps, then ChatGPT expects BTC to slump by up to 15% very quickly, going to under $70,000 within a day or so.

“A drop to $68,000 could be instant, with leveraged liquidations potentially producing a temporary wick into the mid-$60Ks,” it warned.

Although all of those predictions sound quite worrisome for BTC, which finally had some fresh air during the mid- to late-August rally, it’s worth noting that the cryptocurrency is known for often moving in the opposite direction of what people expect from it.

The post We Asked AI: What Happens to Bitcoin’s Price if the Fed Hikes Rates in 11 Days? appeared first on CryptoPotato.

Bitcoin’s price reacted immediately to the stronger-than-expected US jobs report on Friday, plunging from a multi-month high of over $82,000 to under $79,000 before it found some support.

Red dominates the larger-cap alts’ charts, with XRP dropping back to $1.40, ETH losing the $2,500 level, and XMR plunging by over 5%. BNB stands in the opposite corner with a 4.5% surge.

BTC Halted at $82K

The primary cryptocurrency faced a similar fate last Friday when it jumped to $81,500 only to be rejected and driven south to under $77,000 after the hawkish speech by Fed Chair Kevin Warsh at Jackson Hole. However, it rebounded during the weekend and even tapped $79,000 on Sunday.

The resumed military actions in the Middle East brought another leg down on Monday morning, with BTC slipping to $77,000 again. The bulls managed to defend that level again, and the cryptocurrency remained stuck between that lower boundary and the upper one at $79,000 for a few days.

The breakout began on Thursday when the asset surged past the latter level and kept climbing on Friday morning. The peak came at $82,400, which became BTC’s highest price tag in three and a half months. Although it was stopped there, it remained above $81,000 before the aforementioned jobs report went live and plunged immediately after it made the headlines to just under $79,000.

It has rebounded to $79,600 since then, with its market cap standing close to $1.6 trillion on CMC. Its dominance over the alts has retreated slightly to 59.45%.

PONS Keeps Rocking

The new rockstar of the altcoin space, PONS, is once again the top performer, surging by 30% in the past 24 hours to a new all-time high of almost $0.90. DASH follows suit, skyrocketing by 25% to over $65.

Binance Coin is up by 4.5%, being the biggest gainer among the larger caps, and now sits at $750. NEAR has gained 11% and is above $2.25. DOT, TAO, and LTC are also well in the green.

In contrast, ETH is down by 2.5% to $2,450, XRP has slipped by almost 3% to $1.40, and XMR is down by 5% to $525. RAIN, HYPE, and ADA are also in the red.

The post PONS Skyrockets Another 30% to New ATH, Bitcoin Loses $80K: Weekend Watch appeared first on CryptoPotato.

Less than two months after announcing a major partnership with the Kansas Jayhawks, the company behind XRP has doubled down on its US sports endeavors by collaborating with the Florida Gators.

Almost immediately after the news was announced, both parties shared a video showing that XRP’s logo was painted on the sports team’s ground.

$XRP and @FloridaGators.
Soon. https://t.co/AI7wKEy3xw

— Ripple (@Ripple) September 4, 2026

Further details on the partnership indicate that the team will generate $5 million annually by placing the logos in the Swamp.

“Florida has a long history of embracing innovation and technology to enhance the experience of our fans and advance our programs,” athletic director Scott Stricklin said in a statement. “This partnership brings together two organizations that think boldly about the future, and we look forward to introducing XRP to our fans.”

The first game to host XRP’s logo will be played tonight at the Ben Hill Griffin Stadium, as the Florida Gators will face the Florida Atlantic Owls.

Recall that Ripple made a similar partnership with the Kansas Jayhawks, who represent the University of Kansas, and their teams have won 15 national championships, including 12 NCAA Division I titles. This one was more personal for Ripple’s CEO, who was raised in the state and holds a Bachelor of Arts in Economics from the University of Kansas.

The second news was shared by one of the most popular XRP Army members, BankXRP, on X. The user noted that Ripple will be the headline sponsor of Stable Launch – Stablecon USA’s startup competition.

The company’s Whittney Levitt will join the judging panel of the event, in which the winning startup gets a $200,000 investment.

The post 2 Major Ripple (XRP) News From The Past 24 Hours: Details appeared first on CryptoPotato.

The Core Team behind the popular project rolled out three new capabilities designed to make its ecosystem more attractive to app developers. The project also overhauled its developer documentation as it continues its broader push toward real-world utility.

The team said this update comes after several months of releases focused on enhancing Pi beyond simple crypto transactions and creating more reasons for users to actually explore and utilize the ecosystem.

3 New Features

The three new developer capabilities are local storage, access to app-specific staking data, and file and video sharing. Perhaps the most interesting is the first one.

Selected whitelisted Pi Browser apps can now store certain information directly on a user’s device instead of requiring devs to maintain their own backend infrastructure. Preferences, session inflation, and other applicable data can consequently be stored on the device, which can reduce infrastructure costs and complexity while providing a consistent experience across Android and iOS, added the post.

It’s worth noting that the data is not uploaded to Pi Network’s servers, even though the feature currently has several limitations. Only whitelisted apps have access, as storage capability is limited, and old data can eventually be removed.

Staking Data API, the second release, allows eligible developers to see how much effective Pi a user has staked specifically for their application through Ecosystem Directory Staking. Devs could potentially use this info to build app-specific features around their most committed supporters.

The last one, called Pi.shareFile, allows apps to use a phone’s native sharing functionality for files, images, and videos. Some of the examples outlined in the blog post range from marketplace customers sharing receipts or photos to gaming and content apps allowing users to share clips directly.

More Devs Wanted

In addition to the three new features, Pi Network announced that it has consolidated previously fragmented dev resources into a single documentation platform, which now covers everything from app registration and sandbox development to authentication, Pi payments, Mainnet preparation, and launch.

It also introduces AI-assisted guidance for integrating authentication and payments. The idea is quite clear as it reduces the friction involved in building applications for Pi and fits into the project’s broader strategy.

The team said that these releases tackle a problem that could be very important for the project and the native token’s long-term prospects: giving developers more tools and fewer technical obstacles to continue building apps that people actually want to use.

The post Pi Network Just Released 3 Major Upgrades: Here’s What They Mean for Pioneers appeared first on CryptoPotato.

All eyes on Friday were on the US jobs report, which actually showed that the US economy had added 162,000 jobs in August, almost triple expectations of roughly 55,000-58,000. The unemployment rate remained at 4.1%, while July’s initially reported loss of 23,000 jobs was revised to a gain of 21,000.

The reaction in financial markets was instant. Bitcoin dropped sharply below $79,000 after it was rejected at $82,400 earlier that day, and the US stock market joined the ride. In contrast, Treasury yields and the greenback jumped.

Good News Is Hurting Markets?

Although a strong labor market sounds positive at first glance for financial markets, there’s more to the story as it comes to monetary policy. Such a favorable labor environment gives the Federal Reserve more room to keep fighting inflation without worrying that higher borrowing costs will trigger a sharp deterioration in employment. Perhaps that’s why the rate hike odds immediately jumped to over 50% after the jobs report went live.

Consequently, strong economic data can become negative news for risk assets when inflation remains high. The analysts at the Kobeissi Letter determined that “the system is broken,” pointing to stocks falling despite the economy creating substantially more jobs than expected. Even US President Donald Trump was surprised by the initial market reaction.

The system is broken.

You know the system is broken when stocks FALL after the US unexpectedly adds +162,000 jobs in a month, TRIPLING expectations.

Why? Because a strong jobs report means a higher chance of rate hikes.

This is the product 60-straight months of 2%+ inflation.… pic.twitter.com/kP8y9kxBOj

— The Kobeissi Letter (@KobeissiLetter) September 4, 2026

Expectations for higher interest rates typically push Treasury yields and the dollar north, while tightening financial conditions and reducing investors’ appetite for risk assets. That should explain BTC’s immediate reaction and price drop after the report went live.

Long-Term Bullish

Bitcoin analyst Adam Livingston outlined a different scenario beyond Friday’s reaction, arguing that persistent inflation, rising debt, and the monetary response ultimately required to sustain the financial system strengthen BTC’s long-term value proposition.

In that framework, higher rates can pressure the cryptocurrency in the short term, but they don’t solve the structural problems BTC was designed to hedge against.

The asset remains very sensitive to interest-rate expectations over shorter periods, but if inflation stays structurally elevated while governments continue running large deficits and debt burdens grow, the long-term argument for owning a scarce asset with a fixed supply could become much stronger.

The post Bitcoin’s $3K Drop Comes as Fed Rate Hike Bets Surge, but Analyst Remains Bullish appeared first on CryptoPotato.

The price rally initiated by the cross-border token in mid-August was halted at $1.70, and the subsequent correction drove it south hard to under $1.35. However, the asset managed to rebound swiftly and now sits above a key support level at $1.40.

This has provided additional fuel to popular bullish analysts such as EGRAG CRYPTO to map out XRP’s next move, which could take it north by almost 100%.

Is $2.70 on the Map for XRP?

The token’s recovery coincided with a substantial increase in trading activity as the spot volume across major exchanges skyrocketed to its highest level since February in late August. Binance alone handled almost $7.3 billion in XRP spot trades, followed by South Korea’s Upbit ($4.7 billion) and Bithumb with $2.6 billion.

EGRAG argued that XRP is now attempting to establish a bullish continuation pattern after recovering from the recent pullback that drove it from $1.70 to $1.33 in just over a week. The key here will be whether buyers can reclaim the resistance area that has repeatedly capped the asset’s breakout attempts.

If XRP is finally successful, it could aim at $2.70, said EGRAG, which would be a 100% move from the recent lows. However, there are still several hurdles in place.

The first major resistance level stands at $1.50, followed by the next at $1.60. Only if XRP is able to decisively close above both on the daily, it would have the opportunity to target the psychological $2.00. If it doesn’t, it can rely again on the $1.25-$1.30 support, which was already tested successfully recently.

Demand Still Present

Aside from the hurdles, there are some encouraging signs behind the latest leg up. Perhaps the most notable comes from the ETF inflows, as the financial products registered their best week in 2026 at the end of August, attracting over $110 million. The cumulative net inflows consequently tapped a new all-time high of $1.66 billion. Although the trend cooled in the past week, the funds still closed in the green as they have done for the past two months straight.

Ripple whales have also been on a substantial accumulation spree lately. Although these positive developments do not guarantee that EGRAG’s $2.70 target will materialize, they show that demand is still present despite the underlying asset’s rejection at $1.70. However, before it aims at $2.70, XRP would have to overcome other key resistance lines, with the first located at $1.50.

The post XRP Bulls Defend Key Level as Analyst Envisions Another 100% Rally appeared first on CryptoPotato.

It was another eventful week in the cryptocurrency markets as August closed, with BTC ending in the green for the first time during a bear market, further signaling a major shift in sentiment. However, Friday’s jobs report flipped the script again.

Before we dive into all of that, let’s rewind the clock by a week and see what the landscape was last Friday. Despite briefly surging past $81,000 on a couple of occasions, BTC was quickly halted and driven south to just under $80,000. Most altcoins, though, produced major weekly gains.

The rejection at the time came after the hawkish stance taken by Fed Chair Kevin Warsh, and the leg down drove BTC to just under $77,000 on Saturday morning. However, the asset rebounded swiftly and tapped $79,000 on Sunday. Another leg down to $77,000 took place on Monday morning as the US and Iran initiated new attacks against each other.

The primary cryptocurrency remained volatile in the following few days, but was contained in a relatively tight range between $76,400 and $79,000. It last tested the upper boundary on Wednesday morning, and the bulls managed to defend it. The subsequent leg up came on Thursday and was significantly more successful.

Bitcoin broke out of its $79,000 barrier and surged past $80,000. It kept going during the early hours on Friday and jumped to $82,400 for the first time since mid-May. Although it was stopped there, it remained above $81,000 until earlier today, when the much stronger-than-expected US jobs report came out.

BTC slumped immediately by two grand as the general assumption is that the Fed will be more inclined to raise the hikes at the end of the month. The weekly performance shows a few clear winners – ZEC has gained 20%, and it even surpassed $1,000 earlier today, XMR is up by 10%, while UNI has rocketed by almost 40%.

Market Data

Market Cap: $2.775T | 24H Vol: $121B | BTC Dominance: 57.6%

BTC: $79,270 (-0.35%) | ETH: $2,450 (-2.5%) | XRP: $1.39 (-1.5%)

This Week’s Crypto Headlines You Can’t Miss

Strategy Is Buying Bitcoin Again After 2-Month Pause: Here’s How Much. Monday began with a bang as the world’s largest corporate holder of BTC resumed its purchases for the first time in over two months, accumulating 4,603 BTC for $370 million. The problem for the company is that it sold at low prices only to buy back at much higher levels.

Gold Just Erased All Its August Gains – Bitcoin Is Holding Up Better at $77K. The precious metal exploded alongside BTC in the middle of August, hitting $4,700 for the first time in months. However, it lost all gains, even dipping below its starting price of $4,360 earlier this week. In contrast, BTC is up by roughly 25% even after today’s correction.

Arthur Hayes Says Ignore Warsh and Watch EUR/JPY for Bitcoin’s Next Move. BitMEX’s former CEO believes the Fed and Kevin Warsh are not the most important factors to determine BTC’s next move. Instead, he urged investors to pay more attention to the euro-yen exchange rate.

Trezor Breach Is Much Bigger Than Initially Thought: Another 67,000 Customers Exposed. The hardware wallet manufacturer admitted today that the ShipMonk breach was significantly more worrisome than initially believed. Its latest update showed that the actual number of affected US customers from the data leaks is over 80,000, not 13,689.

Bitcoin Makes History With First-Ever Green August During a Bear Market. As mentioned above, bitcoin ended August in a highly unexpected manner. History suggested that the asset wouldn’t enjoy the eighth month of the year, but reality was much different. BTC closed with a near-25% surge for the first time in bear market years.

Bitcoin Is Back Above $80,000, But Fidelity Says the Bear Market May Not Be Over Yet. The flagship digital asset surged past $80,000, as explained earlier, but analysts at Fidelity weren’t convinced BTC is out of the woods. They outlined some historical references and determined that the bear market might not be over yet.

Charts

This week, we have a chart analysis of Ethereum, Ripple, Cardano, Binance Coin, and Hyperliquid – click here for the complete price analysis.

The post BTC Stopped at $82K as Strong US Jobs Report Shakes Markets, Strategy Resumes Buying: Weekly Recap appeared first on CryptoPotato.

The US economy added almost three times as many jobs as expected in August, triggering an immediate sell-off for risk-on assets like bitcoin as investors reassess the chances of another Federal Reserve rate hike.

The cryptocurrency’s price had risen to over $81,000 before the news went live, but plunged immediately by $2,000 to $79,200.

More specifically, the US economy added 162,000 jobs in August, according to data shared by the Bureau of Labor Statistics. The general expectations were for roughly 55,000-58,000 new jobs, which means that the actual numbers were significantly higher. The unemployment rate remained unchanged at 4.1%.

The July reading was also revised sharply higher, from a previously reported loss of 23,000 jobs to a gain of 21,000. Average hourly earnings increased 0.3% monthly and 3.1% annually.

A strong labor market gives the Federal Reserve more room to keep monetary policy tight, which, given Kevin Warsh’s hawkish speech from last week, spells trouble for risk-on assets like bitcoin.

The blowout jobs number weakens one argument for keeping rates unchanged: that the US labor market needs protection from tighter monetary policy. Higher interest-rate expectations typically push Treasury yields and the greenback north while reducing the relative appeal of risk assets.

Although the jobs report does not guarantee a September rate hike, as inflation remains the biggest concern for the US central bank, it certainly gives investors a lot to think about ahead of the CPI data next week.

The post Bitcoin Price Plunges After Blowout US Jobs Report: Here’s Why appeared first on CryptoPotato.

The hardware wallet manufacturer revealed in a new update from September 4 that another 67,000 customers in the United States had their personal information exposed in the breach at its shipping provider, ShipMonk.

These clients placed orders between November 2019 and August 2021, meaning some of the compromised records were almost seven years old.

CryptoPotato reported last month that Trezor had initially said the ShipMonk breach affected approximately 13,689 customers. The timing was quite peculiar as it came amid the Coldcard saga, and investors’ confidence was already shaken.

12,742 of the entire amount had their names, emails, phone numbers, and shipping addresses exposed, while another 1,947 had more limited information compromised.

The latest discovery, though, shed some more worrisome light on the incident, as much older customer information remained in ShipMonk’s systems. Trezor said it had repeatedly requested – and received, written assurances from the logistics provider confirming that the data had been deleted in accordance with its contract and data policy.

“We are very disappointed that, despite receiving this confirmation, the data was not deleted in their systems,” reads the update on X.

Adding the newly identified 67,000 customers brings the known number of affected users to more than 80,000. The hardware wallet provider noted that all newly affected customers have been contacted directly by email and explained that users who have not received a notification are not believed to be impacted.

Trezor’s team emphasized that its own systems were not compromised and that its wallets remain secure. Private keys and wallet backups were not exposed in the ShipMonk incident.

However, the danger comes from criminals possessing detailed information identifying people are hardware wallet customers. The company warned affected users to be particularly cautious of fake emails, fraudulent phone calls, and physical letters.

The update also highlighted potential physical security risks, which have become a considerably more serious issue lately.

The post Trezor Breach Is Much Bigger Than Initially Thought: Another 67,000 Customers Exposed appeared first on CryptoPotato.

The wild nature of the cryptocurrency markets has returned for some major altcoins, such as the privacy coin leader, Zcash (ZEC). The token skyrocketed to a new multi-year peak of just over $1,000 earlier today.

The move caught many traders, including Garrett Jin, unprepared. Data from Lookonchain outlined his massive loss due to a short squeeze.

The analysts provided a screenshot from a wallet linked to Jin, showing that he had entered a massive short for 32,760 ZEC (currently worth over $33 million) at prices well below the current level of $444.

Given the asset’s substantial rally in the past several days, Jin had to add to his short position over time before ultimately realizing a loss of over $18.5 million.

As $ZEC broke above $1,000, Garrett Jin (@GarrettBullish) has lost over $18.5M on his 32,760 $ZEC ($33.11M) short.https://t.co/bLk5NAoS2r pic.twitter.com/YiAA6oySEo

— Lookonchain (@lookonchain) September 4, 2026

The privacy coin is among the top performers in the past 24 hours. Its daily gains stand at over 21% as of now, as its price jumped to $1,020 for the first time in eight years. Moreover, ZEC’s value has doubled since the market broke out on August 19, when it traded at around $500.

Data from CoinGlass indicated that the total value of wrecked ZEC positions is up to $36 million, meaning Jin’s wipeout accounted for half of it.

The post Garrett Jin’s ZEC Short Bleeds Over $18M as Zcash Explodes Past $1,000 appeared first on CryptoPotato.

The largest altcoin is on the move again alongside the rest of the market, surging by over 4% daily to $2,150 as of press time. It even tapped $2,530 earlier today before it was stopped.

Its market cap has risen to well over $300 billion, but this has provided some market participants with a proper exit opportunity.

Lookonchain has repeatedly reported on a major whale who has been disposing of their ETH tokens for days. The selling spree began at the start of the month, when the unknown entity received $408 million worth of the altcoin before transferring $174 million to exchanges.

The deposits continued in the following days, with another major transfer of $253 million to multiple trading platforms. The latest was reported earlier today, which culminated in the sale of all 167,855 tokens ($408 million), meaning that the whale has disposed of the entire ETH fortune in just five days.

Insane!

This mysterious #Ethereum whale has sold off all 167,855 $ETH($408M) in the past 5 days.https://t.co/PdCiRP6taI pic.twitter.com/YbajyBEhLf

— Lookonchain (@lookonchain) September 4, 2026

Despite this substantial sell-off in just days, the underlying asset has rebounded swiftly from its dip below $2,400. It’s up by more than 4% daily and now sits above $2,500 with a market cap of $305 billion.

Its market dominance has also increased lately, going past 11% on CoinMarketCap.

The post Ethereum Whale Keeps Offloading as ETH Price Rockets Past $2.5K appeared first on CryptoPotato.

After a few days of suppressed price action, the crypto market is on the move again, with bitcoin leading the pack with a surge past $80,000 for the first time in a week.

Most altcoins followed the sharp uptick, leading to more than $140 million in shorts getting wrecked in the past hours alone.

It was just 24 hours ago that the primary cryptocurrency struggled to hold the $77,000 support and dipped to a 10-day low of $76,200 amid the escalating tension in the Middle East.

However, the asset rebounded successfully in the following hours, as reported earlier today, and quickly reclaimed the $77,000 and $78,000 levels. The past hours or so have been even more impressive, as bitcoin just soared past $80,000 for the first time since last Friday, when it was rejected and driven south to $77,000 after Kevin Warsh’s hawkish speech at Jackson Hole.

Many altcoins have joined the ride, posting notable 1-hour and 24-hour gains. ETH is up to almost $2,500 as of now after a 2.6% surge in the past 60 minutes and a 4.4% pump since this time yesterday. BNB has rocketed past $720, while XRP has gained 9% on a daily scale (and 4.3% in the past hour alone).

This price volatility has harmed overleveraged traders. Data from CoinGlass shows that the hourly wrecked positions have risen to $157 million, with more than $142 million coming from shorts. On a daily scale, the total liquidations are over $400 million, and shorts are responsible for $315 million.

Nearly 110,000 traders have been wiped out in the past day, with the single-largest liquidation occurring on Binance, totaling more than $5.2 million.

The post Over $140M in Shorts Wrecked in an Hour as BTC, ETH, XRP Suddenly Explode appeared first on CryptoPotato.

Following the latest escalation in the Middle East war, bitcoin’s price dipped toward $76,000 yesterday for the first time in almost two weeks before rebounding today.

Most larger-cap alts have posted some gains over the past day, with XRP climbing to over $1.35 and BNB tapping $700. ETH still fights for $2,400.

BTC Rebounds

The breakout from a couple of weeks ago drove the primary cryptocurrency from under $65,000 toward $80,000 within days. After hitting some resistance there at first, BTC finally managed to surge past that level last week, jumping to $81,200 and $81,500 on a couple of occasions.

However, the bulls were too exhausted and couldn’t continue driving the asset north. Instead, bitcoin dropped to $77,000 last Friday after Kevin Warsh’s hawkish speech at Jackson Hole.

Nevertheless, the cryptocurrency managed to recover some ground during the weekend and touched $79,000 on Sunday. It dipped back down to $77,000 on Monday after the strikes in the Middle East resumed, rebounded to $79,000 and closed the month in the green, and dropped once again yesterday to $76,200 – its lowest price tag in 10 days.

Nevertheless, that level provided the necessary support, and BTC now trades close to $78,000. Its market capitalization on CMC is up to $1.560 trillion, while its dominance over the alts stands still at 59.6%.

ARB Rockets

Arbitrum’s native token is today’s top performer, having surged by 18.5%. It now trades close to $0.14 after a 50% increase in the past week. NIGHT is next with an 11.5% pump, followed by CAKE (9%), APT (9%), LIT (8%), and PYTH (6.5%).

SUI and ADA have surged the most from the larger caps, both up by over 6% to $0.21 and $0.77. XRP has reclaimed the $1.35 support after a 2.7% daily increase. ETH fights for $2,400, while BNB is slightly above $700. SOL is back to $100, while TRX is up by just over 1%. In contrast, UNI has slumped by 6.5% after its recent rally, while SKY is down by almost 6%.

The total crypto market cap is up by $20 billion to $2.620 trillion on CMC.

The post ARB Skyrockets by Double Digits Again, BTC Recovers From Drop to $76K: Market Watch appeared first on CryptoPotato.

The August 19 monetary pivot from the US Treasury Department led to some major changes in the cryptocurrency markets, including how investors view and operate with the spot ETFs tracking BTC and the largest altcoins.

However, another investor shift came on Friday after the hawkish speech by Fed Chair Kevin Warsh. Some crypto ETFs have fallen out of grace, but others remain strong. Interestingly, the winner on Tuesday was neither of the two largest cryptocurrencies.

Who Won The Monday Battle?

Before we get to who stood out as the clear victor in terms of net inflows, let’s ensure that we know who didn’t. The first funds to go live on Wall Street, those tracking the performance of the market leader, were the only ones in the red on Monday. Investors pulled out $236.46 million, according to data from SoSoValue. As such, the Monday inflows of $216.70 million were dwarfed, and the week has turned red, even though there are three more business days left.

The ETFs tracking SOL, ETH, and XRP were all in the green. The Solana ETFs attracted $10.19 million, which was significantly higher than the Monday inflows of just $925,000.

The spot Ethereum funds fared slightly better, gaining $10.95 million on Tuesday. However, their Monday numbers were a lot more impressive, standing at $87.68 million. The ETH-tracking financial vehicles have been on a green-only streak for weeks, with no red days since August 11.

As the title of this article suggests, the winner on Tuesday was XRP. The exchange-traded funds tracking the cross-border token gained $14.38 million, which was nearly 3x higher than Monday’s $5.64 million. The funds have been on an even more impressive streak, as their last red day was August 5. Moreover, they have seen just two days with more outflows than inflows since July 2.

Naturally, the vast XRP Army was quick to celebrate the September 1 win.

US Spot ETF Flows Sep 1

XRP: +$14.38M
ETH: +$10.95M
SOL: +$10.19M
BTC: -$236.46M

BTC funds saw net outflows while XRP, ETH and SOL ETFs all posted inflows a clear rotation signal despite the broader market being down 4% today. https://t.co/uK0Bs00Of0 pic.twitter.com/lUV9v4LHma

— 𝗕𝗮𝗻𝗸XRP (@BankXRP) September 2, 2026

XRP Fails to Capitalize

Although the spot XRP ETFs have become a fan favorite once again in recent weeks, the underlying asset has failed to continue its run. The token exploded in mid-August from $1.00 to $1.70 within 72 hours, but was rejected there and pushed south hard.

It lost a few key support levels, including $1.40 earlier this week. It now struggles below $1.35 after a 6% weekly decline. Nevertheless, analysts remain confident that its actual bull phase is around the corner, outlining some major targets of $7 and beyond.

The post The Crypto ETF Battle: How Ripple (XRP) Won September’s First Fight appeared first on CryptoPotato.

Financial markets experienced enhanced turbulence in the middle of August after the US Treasury Department’s Scott Bessent announced a major monetary pivot.

Bitcoin and gold were among the most significant beneficiaries, posting substantial gains in the first few days. However, the landscape has since changed, especially for the precious metal.

What Happened?

On August 19, the US Treasury Department said it will at least be doubling the maximum size of liquidity-support buybacks for longer-dated government debt, raising them from $2 billion to $4 billion per operation. This came after the bond market’s notable rise to a 19-year high, as the 30-year Treasury yield touched 5.34% the day before.

The impact on financial markets was immediate. The same 30-year Treasury yield corrected to 5.2%, while gold, stocks, and crypto rocketed. The precious metal went from $4,360/oz to $4,530/oz in hours. It kept surging in the following days and skyrocketed to $4,700 per ounce on August 25, which became its highest price tag in over three months.

Bitcoin also reached a similar local peak, but its rally was even more impressive. The cryptocurrency struggled below $65,000 for weeks before it exploded to $81,500 last week.

The two assets, considered safe havens by many investors, were at the forefront of financial gains. Moreover, analysts began commenting that their spectacular rise was due to the ‘debasement trade’ narrative as the greenback weakened while the US debt kept growing.

Gold Down, BTC Stable

The macro situation has since changed, and most of the aforementioned price movements have returned to their starting point. Perhaps the most significant change came last Friday, when the new Federal Reserve Chairman, Kevin Warsh, spoke at Jackson Hole. Although he didn’t say it directly, his speech was quite hawkish, and markets interpreted it as a sign of upcoming rate hikes.

BTC slipped by a few grand to $77,000, while the US bond market reclaimed almost all of its lost value. Gold, on the other hand, was rejected at $4,700 and plunged to $4,300 earlier today. This meant that it not only gave up all its gains but also dropped below its starting level, as it is down by over 8.5% from the local peak.

Although bitcoin has fallen from $81,000, it remains 20% higher than $64,000, where its run began. However, there are a few cracks now, which could suggest that its price might follow the bullion. Aside from the macro perspective returning to unfavorable for risk-on assets, the spot BTC ETFs have experienced more withdrawals than inflows in the past couple of business days as the initial rush is over.

Separately, if you want to know about the market state, the recent Iran-US tension, and other hot crypto news, please check our video below.

The post Gold Just Erased All Its August Gains – Bitcoin Is Holding Up Better at $77K appeared first on CryptoPotato.

Bitcoin was rejected on a few occasions at $79,000 in the past several days, and the latest leg down pushed it to under $76,500 for the first time since August 23.

The most evident reason behind this correction, which has impacted numerous altcoins as well, comes from the Middle East, where the US and Iran initiated new violent strikes against each other.

BTC Slips

The primary cryptocurrency’s major breakout that began on August 19 led to a massive surge of over $16,000, driving it to over $81,000 on a couple of occasions last week before the bears stepped up and halted the move. The subsequent retracements were quite modest aside from the Friday drop to $77,000 after the hawkish speech from Jackson Hole by the new Fed Chair, Kevin Warsh.

Nevertheless, BTC’s more positive sentiment prevailed in the following days, and the asset managed to recover some ground during the weekend. It even tapped $79,000 on Sunday evening before the US and Iran resumed the strikes against each other, and bitcoin dipped by two grand.

The bulls intervened once again on Tuesday, pushing the cryptocurrency to $79,000 once again. However, another leg down followed that drove BTC to $76,500 for the first time in ten days. This came after reports that the US and Iran had carried out more violent strikes.

BTC remains at $77,000 as of now, with its market cap of under $1.550 trillion. Its dominance over the alts has also declined slightly to 59.6% on CoinMarketCap.

FIL, UNI, BTW Defy the Trend

The larger-cap alts are almost all in the red. Ethereum is down below $2,400 after a 2% daily decline; XRP has slipped further away from $1.35; SOL is slightly below $100. TRX, HYPE, ZEC, DOGE, XMR, and LINK are also in the red. Uniswap is the only notable exception, surging by almost 10% to over $6.2.

There are also other gainers from the mid- and lower-cap alts, such as FIL (14%), BTW (13%), and SKY (6%). Most other alts have retreated over the past day.

The total crypto market cap is down by almost 1% daily to $2.6 trillion on CMC.

The post Bitcoin Drops to 10-Day Low, Altcoins Retrace Following New US-Iran Attacks: Market Watch appeared first on CryptoPotato.

Perhaps the most notable piece of news within the crypto industry on Monday came from Strategy, as the company started buying more BTC again after completing a few sales and rebuilding its USD reserve to over $6.7 billion.

Although that might sound celebratory at first, it’s worth taking a closer look at when the firm sold and when it bought more bitcoin, as it turns out it realized substantial losses amid the asset’s price recovery.

Back to Buying

As reported yesterday, the largest corporate holder of the leading cryptocurrency spent $370 million to acquire 4,603 BTC at an average price of $80,310 per unit. This means that the acquisition took place during the previous week when bitcoin jumped past $80,000 for the first time since last May. However, its actual time spent above that coveted level was quite brief.

Nevertheless, this purchase came after four consecutive sales completed between June 30 and August 10, as Santiment explained. Within this timeframe, the company offloaded 6,916 BTC, worth roughly $430 million at the time, at an average price of approximately $62,100.

Consequently, the reacquired 4,603 BTC managed to offset approximately two-thirds of everything the firm sold during the summer. What’s quite intriguing is that Strategy’s purchase came at a price almost $18,000 per BTC higher than the average during the sales.

Analysts such as Michaël van de Poppe brought up the timing, saying that they are “genuinely impressed” by the fact that the purchasing power has returned around BTC’s recent peak.

On the plus side, bitcoin’s spectacular resurgence from the recent low-$60,000s to almost $80,000 as of press time means that Strategy’s massive position has turned green again. The firm, which stood at an unrealized loss of well over $10 billion until a few weeks ago, is now above water by around $2.3 billion.

STRC Recovers

Strategy used the past couple of months, in which it sold some BTC and didn’t buy any to raise additional funds by selling MSTR to increase its USD reserve. The total is now over $6.7 billion.

In addition, it repurchased a significant portion of its STRC shares, whose price had tumbled far below the par level of $100 to as low as $75. However, rebuilding the USD reserve and buying back shares helped STRC recover to just over $97 as of Monday’s closing price.

The post Saylor’s Bitcoin U-Turn: Strategy Sells at $62K, Buys Back at $80K appeared first on CryptoPotato.

Ripple’s native token turned the tables in August, although the month saw a few dips to a multi-year low of just under $1.00.

Now, though, the XRP Army has refocused on September, which is expected to be highly volatile. Some even called it XRP’s “most loaded month” in history.

The August Gains

Following a very modest gain of 2.11% in July, XRP went into August with little hope for a turnaround. After all, all four previous editions were in the red, with the asset dumping by as much as 26.6% in August 2023.

The month indeed began on the wrong foot, as by the middle of it, XRP had slipped below the key psychological support of $1.00 on a few occasions. While some bears speculated about another potential leg down toward $0.80 or even lower, the trend changed in an instant.

On August 19, the entire crypto market came to life, led by bitcoin’s massive surge from under $65,000 to $80,000 within less than 48 hours. XRP was a little late to the party, but once it joined, it couldn’t be contained. For 72 hours, that is. Perhaps due to returning ETF inflows or whales going on a big accumulation spree, XRP skyrocketed by 70% from Wednesday to Saturday and touched a multi-month high of $1.70.

However, it was quickly halted there and retraced in the following weeks. Ultimately, it ended the month at just under $1.40, which is still a 30% surge in its worst-performing month in history.

What’s Next, September?

Unlike all August editions between 2022 and 2025, all Septembers within the same period were in the green, some in a modest manner (0.42% increase in 2023), and some in a highly impressive fashion (46.2% in 2022).

This one is expected to be volatile, to say the least. RippleXity called it “the most loaded month in XRP’s history.” Aside from the highly anticipated FOMC meeting scheduled in two weeks, which is likely to impact all financial markets, the US Senate will return on September 14 and vote on the CLARITY Act the following day.

The legislation is expected to influence most altcoins, and the voting in two weeks is likely to set the course for what might occur by the end of the year.

The month will also end with another major XRP-related event. Evernorth’s shareholders will vote on whether the XRP treasury company will become public on Nasdaq as XRPN. It currently holds nearly 475 million tokens.

In terms of price action, many analysts are convinced that the cross-border token has exited its bear phase and is now well-positioned for major gains.

The post XRP Enters Its ‘Most Loaded Month’ in History After 30% August Surge appeared first on CryptoPotato.

After dipping below $77,000 on Monday morning following the new strikes in the Middle East, BTC jumped by two grand, but it was stopped again and now sits in the middle of this range.

Most larger-cap alts have failed to recover the recent losses, with ETH still struggling at $2,450, XRP well below $1.40, and BNB beneath $690.

BTC Settles at $78K

After its best week of the year marked in the middle of August, bitcoin tried to take full advantage of this resurgence at the end of the month, surging past $81,000 on a couple of occasions. However, the bears stepped up and didn’t allow another leg up.

Just the opposite; BTC started to lose value rapidly on Friday after the hawkish speech by new Fed Chair Kevin Warsh at Jackson Hole, and dipped below $77,000. It managed to quickly erase some of the losses and spent Saturday trading above that level.

The bulls returned on Sunday with a minor increase to $79,000. However, the resumed strikes between the US and Iran resulted in another nosedive. Bitcoin slipped to $77,000 once again on Monday before it rebounded to $79,000 and now sits between the two boundaries.

Its market capitalization remains stagnant at $1.560 trillion on CG, while its dominance over the alts is at just under 58%.

UNI Keeps Pumping

Uniswap’s native token is the top performer today once again, surging by another 10% daily (over 32% weekly) to a multi-month peak of almost $6.00 earlier today before it retraced to the current $5.65. RAIN and NEAR have posted gains of around 4%, while HYPE is up by over 2%.

In contrast, TRX is down by nearly 2% to $0.33, SOL has slipped toward $100 after another 1% dip, and ETH remains below $2,450. BNB can’t get past $690, while XRP struggles below $1.40. Even more painful declines come from MNT and SKY.

On the other hand, CRV and ARB have returned to the top 100 alts by market cap. The former has rocketed by 15%, while the latter is up by 24% daily.

The total crypto market cap remains just over $2.7 trillion on CG.

The post Uniswap (UNI) Skyrockets 32% Weekly, Bitcoin (BTC) Calms at $78K: Market Watch appeared first on CryptoPotato.

Strive CEO Matt Cole took it to X to announce that the company has accumulated another 1,800 BTC for $143 million at an average price of $79,431 per unit. Thus, the firm’s total holdings have grown to 23,156 BTC.

From a USD perspective, the firm’s cryptocurrency stash is now worth $1.760 billion, given the asset’s price of $78,000 as of press time.

Strive acquired an additional 1,800 BTC for $143M at an average cost of $79,431 per bitcoin, bringing total holdings to ₿23,156.$ASST $SATA pic.twitter.com/6ztKhC4PFF

— Matt Cole (@ColeMacro) August 31, 2026

Strive has accelerated its bitcoin purchases lately, including adding another 1,110 BTC last week, as reported. Cole published a chart yesterday on X highlighting all of the firm’s acquisitions completed in the past year or so, and the graph clearly shows a growing number of buys completed since March this year.

This is the third major crypto acquisition announced by big names today. It all started with Strategy, which, after a two-month pause, finally resumed its bitcoin purchases by splashing $370 million to acquire 4,603 BTC.

Bitmine followed suit. The former BTC miner acquired 53,501 ETH as its entire Ethereum stash surged past 5.9 million. It now owns 4.8% of the asset’s entire circulating supply.

Meanwhile, if you are interested in finding out more about the latest Strategy moves or the overall market state, check out our video below.

The post Strive Keeps Buying Bitcoin: Another 1,800 BTC Push Holdings Past 23K appeared first on CryptoPotato.

The former bitcoin miner continues with its aggressive Ethereum purchases, acquiring more than 53,000 tokens over the past week as its massive treasury now contains 5.9 million ETH, equivalent to 4.9% of the asset’s total supply.

At ETH’s reported price of just over $2,500 (Sunday data), Bitmine’s Ethereum holdings alone are worth nearly $15 billion.

Ramping Up

The purchase announced today is substantially larger than the recent ones, including the one from last week, which was for 32,447 ETH. In the past two weeks alone, the company has acquired almost 86,000 ETH.

The firm now owns 5,901,112 tokens, which represents approximately 4.9% of Ethereum’s circulating supply of 120.7 million. Moreover, it puts Bitmine 98% of the way toward its self-described “Alchemy of 5%” goal of owning 5% of the entire Ethereum supply.

What’s perhaps even more impressive is the highly consistent accumulation strategy. Even as other major crypto buyers, such as Strategy and Metaplanet, paused their acquisitions amid the market uncertainty, Bitmine purchased ETH during each of the past 65 weeks, as Chairman Tom Lee pointed out. Its first buy came with the launch of the Ethereum treasury strategy on June 30, 2025, and the firm hasn’t missed a single week since.

Bitmine remains the largest corporate Ethereum treasury firm and the second-largest crypto treasury entity overall behind Strategy, which resumed its BTC purchases after a two-month hiatus.

Keep Staking

Bitmine has long refrained from simply holding ETH as it continues to stake large amounts. As of the latest announcement shared by the firm, it has staked 5,067,309 tokens, or roughly 86% of its entire stash. In USD terms, the company has staked approximately $12.7 billion at reported ETH prices.

It estimates that its current staking operations could generate around $335 million in annualized revenue, based on its reported seven-day annualized yield of 2.63%.

Separately, Bitmine’s total crypto, cash, marketable securities, and other investments have climbed to $15.6 billion, up from $14.9 billion last week. Aside from the ETH fortune, its treasury contains 211 BTC, $541 million in cash and marketable securities, and investments in Beast Industries and Eighto.

The post BitMine Buys Another 53,501 ETH as Ethereum Stash Blows Past 5.9M appeared first on CryptoPotato.

Well over two months after completing its last bitcoin buy, the world’s largest corporate holder of the cryptocurrency is back on the offensive.

The firm’s co-founder and former CEO, Michael Saylor, outlined the acquisition on X, indicating that Strategy has acquired 4,603 BTC for almost $370 million at an average price of $80,318 per unit.

This brings the company’s total to 845,050 BTC, acquired for $63.73 billion at an average price of $75,412 per BTC. In addition to returning to the BTC accumulation scene, Strategy continued to repurchase shares of STRC by adding another $151.8 million.

Strategy has acquired 4,603 BTC for $370M, increased USD Cash by $29M, and repurchased $152M of $STRC. As of 8/30/26, we hold 845,050 bitcoin:native and $6.71B of USD Assets, bringing Net Leverage to 0.0%. $MSTR https://t.co/XAAEZV5Gil

— Michael Saylor (@saylor) August 31, 2026

This is perhaps the most surprising and important Strategy purchase over the past year or so, as it came after a two-month hiatus in which the company turned its entire attention to rebuilding its USD stash, which is now worth over $6.7 billion.

Since the firm used STRC to fuel its massive bitcoin purchases, its price had tumbled very far off its par level of $100, going as low as $75 at one point. However, once Strategy pivoted from its short-term BTC accumulation strategy (no pun intended), STRC gradually recovered, closing last week at over $97.

Meanwhile, the company even sold bitcoin on a few occasions, but its latest buy offsets most losses. Additionally, its massive stash has turned green for the first time since May, as it’s now worth $66.4 billion.

Today’s announcement follows Saylor’s hint yesterday, in which he posted a chart with the company’s countless purchases made in the past six years and said, “We’re ₿ack.”

The post Strategy Is Buying Bitcoin Again After 2-Month Pause: Here’s How Much appeared first on CryptoPotato.

Bitcoin began the new business week with a dip below $77,000 as geopolitical tensions in the Middle East escalated amid new attacks, but has since managed to shrug off the losses.

The same cannot be said about most larger-cap alts. ETH is still struggling at $2,500, while BNB is below $700. XRP has seemingly lost the $1.40 support. XMR is among the few exceptions.

BTC Rebounds

After gaining $15,000 in 48 hours, bitcoin was due for a correction last weekend and dropped below $75,500. However, the bulls quickly resumed control of the market and initiated a couple of major legs up as the previous business week progressed, driving the asset to $81,000 and $81,500, respectively.

This meant that BTC had reached its highest price tag in over three months. However, its attempt on Thursday was met with a sharp rejection, perhaps due to the hawkish stance taken by Fed Chair Kevin Warsh during the Friday speech at Jackson Hole, and bitcoin slumped to under $77,000.

It managed to rebound over the weekend and even climbed past $79,000. However, then came the new attacks in the Middle East, and the cryptocurrency dipped to just under $77,000 on Monday morning.

It has reacted swiftly by recovering nearly two grand ahead of another major macro week. As a result, it trades close to $79,000 once again, with its market cap jumping back to $1.580 trillion, while its dominance over the alts has rocketed to over 58.5% on CG.

XMR Pumps

Monero’s XMR is today’s top performer, having surged by almost 10% to well over $520. UNI and MNT follow suit, with increases of 6-7%. In contrast, most other large-cap alts remain in the red.

ETH is still just under $2,500, BNB has failed to reclaim $690, while XRP, despite the major ETF inflows from last week, is well below $1.40. SOL, TRX, HYPE, and DOGE are down by up to 2.5%, while RAIN has plummeted by 8.6% to $0.016. PUMP is the other big loser today, slumping by 9% to $0.0044.

The cumulative market cap of all crypto assets has recovered over $50 billion since this morning’s low and is up to $2.7 trillion on CG.

The post BTC Recovers Swiftly and Eyes $79K Again, XMR Surges Above $500: Market Watch appeared first on CryptoPotato.

Bitcoin ends August and enters September under renewed pressure, but geopolitics won’t be the only factor traders need to watch this week.

Several important US economic reports are due between Tuesday and Friday, culminating with the August jobs report, which could significantly shift expectations for the Fed’s September meeting.

First Tests Arrive Tuesday

Monday is likely to be a quiet day on the economic front, but it saw military action between the US and Iran as both countries resumed attacks against each other. The impact on BTC was felt immediately, with the asset slipping by over two grand to just under $77,000.

Tuesday brings two reports capable of moving markets: the July JOLTS Job Openings and August ISM Manufacturing PIM, both scheduled for 10:00 ET. Economists expect job openings to decline slightly to around 7.27 million, from 7.36 million previously.

A stronger labor market could reinforce expectations that the Fed has room to raise rates again, potentially supporting Treasury yields and the greenback. Such environments are typically not favorable for risk assets like bitcoin.

The ADP Private Employment Report will go live on Wednesday, which offers another indication of labor-market strength. Thursday delivers weekly jobless claims and the ISM Services PMI.

Key Events This Week:

1. August Chicago PMI data – Monday

2. August ISM Manufacturing PMI and Prices data – Tuesday

3. July JOLTS Job Openings data – Tuesday

4. August ADP Nonfarm Employment data – Wednesday

5. August ISM Non-Manufacturing PMI and Prices data – Thursday

6.…

— The Kobeissi Letter (@KobeissiLetter) August 30, 2026

All Eyes on Friday

The most important macro event on US soil arrives on Friday at 8:30 ET: The August employment report. General expectations suggest that the world’s largest economy has added approximately 58,000 jobs in August, while unemployment is anticipated to remain at 4.1%. The July report showed that the US actually lost 23,000 jobs, adding to existing concerns that the labor market is losing momentum.

Friday’s numbers could therefore significantly reshape the debate surrounding the Fed’s September 15-16 meeting. A stronger-than-expected report could suggest employment remains resilient despite restrictive monetary policy. This could be bearish for risk assets, as if it’s combined with stubborn inflation, it could strengthen the case for a rate hike.

In contrast, a weaker report could reduce those expectations and provide some relief for the crypto market, although an unexpectedly sharp deterioration could instead raise recession concerns and trigger another risk-off reaction.

The post Will Bitcoin Bounce or Dump? All Eyes Are on This Week’s Major Economic Events appeared first on CryptoPotato.

After jumping past $79,000 on Sunday evening, bitcoin entered the new business week on the wrong foot, slipping below $77,000 in an hour or so as geopolitical tensions returned to financial markets.

The decline came amid renewed fighting between the United States and Iran, following nearly a month of relative calm as the US reportedly focused only on increasing economic pressure. US Forces struck two Iranian launchers on the island of Larak on Sunday, while the latter retaliated with strikes against military targets stationed in Jordan.

US President Trump’s AI video of how Kharg Island, Iran’s key oil region, is being “blown to smithereens” didn’t help defuse the situation either.

Oil Up, Asian Markets Down

Brent crude reacted immediately with a near-3% surge to over $90 per barrel, reviving concerns about another energy-driven inflation shock. This is particularly worrisome following Fed Chair Kevin Warsh’s hawkish speech at Jackson Hole on Friday, as higher oil prices deteriorate the inflation picture.

In contrast to oil, Asian stock markets headed south after the attacks went public, with Japan’s Nikkei falling by roughly 2%. South Korea’s Kospi and Chinese equities also turned red, while US and European stock futures followed suit. The Japanese yen weakened beyond 160 against the greenback.

Bitcoin dipped below $77,000, losing over $2,000 of value. Additional pressure came from Wintermute, as on-chain data showed that the entity transferred 5,100 BTC, worth almost $400 million, to Binance over the past two days, likely intending to sell.

Although this transfer doesn’t guarantee that Wintermute has sold, recall that similar actions taken by the market maker last week resulted in another leg down for BTC and the alts.

Ethereum’s situation was even worse, as it plunged from over $2,500 to under $2,400 in an hour. Lookonchain reported that a whale or an institution had deposited almost 41,000 ETH (worth over $100 million) onto exchanges, a move typically made before selling.

Liquidations on the Rise

The sharp move south led to over $400 million in wrecked positions on a daily scale, with the lion’s share coming earlier this morning. Interestingly, ETH longs are responsible for almost $100 million, while BTC longs are just $62.60 million, according to CoinGlass.

The single-largest wrecked position also involved the leading altcoin, with a trader getting liquidated for $6.12 million on Aster. In total, more than 100,000 over-leveraged traders were wiped out in the past day.

The post Bitcoin Dumps Below $77K as US-Iran Strikes Resume: Who Else Might Be Behind the Drop? appeared first on CryptoPotato.

The winds of change continue to impact how investors view the spot XRP ETFs, with the inflows in the past week exceeding $110 million for the first time since early December, 2025.

Naturally, the cumulative total net inflows have reached a new all-time high, while Bitwise’s XRP ETF has extended its lead as the largest of the bunch.

2026 Record Hit

On a rare occasion in the past several months, all five trading days saw double-digit net inflows. Investors kicked off the week by pouring $13.82 million on Monday and another $23.87 million on Tuesday. The most impressive day was Wednesday, when the net inflows hit $28.14 million. This was the single-best daily performance since January 5, when the funds attracted over $46 million.

Another $18.47 million entered the funds on Thursday, and $26.20 million on Friday. This brought the total for the week to $110.49 million – the best five-day performance since the week that ended on December 5.

The cumulative total net inflow reached $1.66 billion on Friday, a new all-time high following last week’s market shift, when investors returned to the XRP ETF scene. Before that, there were multiple examples of days with no actual net flows.

Bitwise’s XRP ETF remains the largest, with the cumulative net inflows skyrocketing to just over $600 million. The first to see the light of day, Canary Capital’s XRPC, follows suit with $483 million, while Franklin’s XRPZ is third with $462.86 million.

XRP Halted at $1.70

The underlying asset exploded between August 19 and 22, surging from the key psychological support at $1.00 to a multi-month high of $1.70. After gaining 70% in less than 72 hours, though, the asset slumped to $1.50 at the start of the business week.

Despite the impressive inflows mentioned above, it couldn’t maintain that level and dipped to and below $1.40 by the end of the week. It currently fights to reclaim that level after a 1.3% increase on a 24-hour scale.

Analysts believe the next move will depend on whether XRP can defend the $1.35-$1.38 support zone, which was tested on Friday after Kevin Warsh’s hawkish speech. If the token is to rebound, the first major obstacle it needs to overcome to continue upward is at $1.60, which is a level that has frequently stopped its breakout attempts in the past six months.

The post Ripple (XRP) ETFs Smash 2026 Inflow Record as Total Flows Hit New ATH appeared first on CryptoPotato.

Strategy’s co-founder and former CEO, Michael Saylor, took it to X earlier today to post another cryptic comment, which the community is trying to decipher.

Alongside a chart showing that the company’s over 110 BTC purchases made in the past six years, Saylor said, “We’re ₿ack.” Naturally, most comments below the post speculated that the firm has resumed its bitcoin accumulation spree after a two-month pause.

We’re ₿ack. pic.twitter.com/ciqOaCa908

— Michael Saylor (@saylor) August 30, 2026

Recall that Strategy’s latest announced bitcoin purchase came on June 22, as it was completed in the week between June 15 and 21. It paused its BTC accumulation strategy for the following two months and even announced a couple of sales.

It focused primarily on rebuilding its USD reserve, which climbed above $6.5 billion last week after the latest initiatives. The second came in the form of establishing a new program, called USD Cash, which now consists of $1.59 billion, alongside its regular greenback reserve of $5.1 billion.

In addition, Strategy continued repurchasing its STRC shares. The high-yield variable-rate preferred stock slumped far away from its par price of $100 to $75 a few months ago, but it recovered significantly to over $97 last week.

While some users anticipate a new purchase to be announced on Monday, others warned that Saylor’s latest message refers to something else: his company’s position turning green.

Bitcoin’s price recovered significantly in the past week and a half, surging from under $65,000 to over $78,500 as of press time. Given Strategy’s average accumulation cost of $75,653 per BTC, this means that the firm is now in profit for the first time since May. Its position was deep in the red (on paper) of over $10 billion until several weeks ago.

On the topic of when Strategy will start buying bitcoin again, the current CEO, Phong Le, recently shed some light, indicating that this could occur by the end of the year, without providing more details.

The post ‘We’re Back,’ Says Saylor: Is Strategy About to Buy Bitcoin Again? appeared first on CryptoPotato.

Bitcoin’s major rally from under $65,000 to over $81,000 within a week or so changed the broader market sentiment from fear to greed, with analysts initially rushing to call the end of the bear phase.

However, its inability to push through the $81,000 resistance and the two rejections, alongside the Fed’s hawkish stance on Friday, added further doubt, both from a technical and a macro perspective. The good news is that whales have returned in full force.

$3B in BTC

Citing data from Santiment Intelligence, popular analyst Ali Martinez noted that these large market participants have accumulated roughly $3 billion worth of bitcoin in the past week alone. Adding more than 39,150 BTC in just seven days signals that this crucial cohort of investors continues to show interest in the primary cryptocurrency, alongside ETF buyers, who poured over $920 million into the funds in the past week.

In a separate post, Martinez doubled down on the whales’ growing activity, arguing that the recent rally was driven primarily by them. In contrast, retail investors have remained mostly on the sidelines or in the opposite corner, as further on-chain data suggests they have actually been selling.

$3 BILLION IN BITCOIN BOUGHT BY WHALES

Whales accumulated more than 39,154 bitcoin:native over the past week, signaling continued interest by large investors. https://t.co/JbIrOvfw8F pic.twitter.com/vEPbSJiv73

— Ali Charts (@alicharts) August 30, 2026

But More Pain Ahead?

Following the Friday Jackson Hole speech by new Fed Chair Kevin Warsh, in which he displayed a more hawkish stance, analysts are not so adamant that the bear market is completely over.

Rekt Capital warned earlier that BTC’s real test begins after the strong weekly close. He argued that if the latest surge is ultimately a bear-market relief rally, the cryptocurrency could pull back in the following few weeks. It now stands to demonstrate sustained strength at these elevated levels rather than immediately giving back the breakout.

Crypto Haris presented a considerably more bearish scenario, describing the move from $65,000 to $80,000 in days as a potential bull trap. Moreover, the analyst expects BTC to decline to $74,000 at first, before another leg down takes it back to the $67,000 region.

In general, Haris believes the cryptocurrency will first fall back to $62,000 before it eventually pumps to $90,000.

The post Bitcoin Whales Just Bought $3B in BTC: Why Analysts Still Warn of More Pain Ahead? appeared first on CryptoPotato.

The spot Bitcoin exchange-traded funds recorded another highly impressive week, attracting over $900 million, but Friday changed the landscape after Kevin Warsh’s hawkish speech at Jackson Hole.

Meanwhile, the funds tracking the largest altcoin continue to see only green, and their actual inflows are quite close to those of their BTC counterparts.

BTC ETFs Gain Over $900M Weekly

CryptoPotato reported the significant change in investor behavior when it comes to the spot Bitcoin ETFs as they poured in nearly $2 billion, the highest since the October 2025 crash. This came after the US Treasury Department’s pivot in its monetary policy, which resulted in a substantial uptick in the entire crypto market.

The trend extended during the new business week as BTC’s price challenged the $80,000 resistance on a couple of occasions. Investors inserted $337.56 million on Monday, another $314.37 million on Tuesday, $232.12 million on Wednesday, and $242.24 million on Thursday. Thus, the BTC ETFs saw nine consecutive days of net inflows only.

However, the streak was snapped on Friday, perhaps due to the hawkish stance taken by the new Federal Reserve Chairman, Kevin Warsh. Net outflows dominated, with $201.81 million leaving the funds.

Nevertheless, the week still ended well in the green, with $924.48 million in net inflows. The funds have attracted almost $3 billion in the past two weeks alone. The cumulative total net inflows have risen from under $52.8 billion on August 14 to $54.63 billion on August 28.

ETH ETFs Keep Seeing Green

Unlike the spot Bitcoin ETFs, which ended Friday in the red, the Ethereum counterparts attracted just over $102 million on that day, which extended their impressive streak. The funds have not seen a single red day since August 11. Overall, the week ended with more than $824 million in net inflows.

Thursday was the most notable day, with $234.51 million entering the ETFs. Another $192.35 million went in on Wednesday, $179.80 million on Thursday, and $115.57 million on Friday. The cumulative total net inflows are up from $11.44 billion on August 11 to nearly $13 billion on August 28.

The underlying asset’s price rocketed from $1,900 to over $2,500 within the same timeframe, where it was ultimately stopped and now sits inches below it.

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Bitcoin’s gradual price recovery after Friday’s dip below $77,000 continues into the weekend, with the asset barely moving past $78,000 today.

Most larger-cap alts have posted minor gains as well, but ETH remains below $2,500, BNB is still beneath $700, and XRP keeps fighting for $1.40.

BTC Taps $78K

The price explosion that took place within 48 hours in the middle of the month drove bitcoin out of its slumber, surging from under $65,000 to $80,000. Although the asset was stopped there at first and slipped below $75,500 last weekend, the bulls returned during the business week.

This time, they managed to push it beyond $80,000 and even $81,000 on a couple of occasions. The last attempt was on Thursday morning when BTC reached $81,500 for the first time in 15 weeks. However, its ascent was halted at this point, and it retraced hard on Friday to under $77,000.

This correction occurred after Kevin Warsh’s first speech at Jackson Hole, in which he maintained a hawkish stance. Nevertheless, the cryptocurrency has managed to reclaim some ground since then, rising above $77,000 yesterday and up to $78,150 as of press time on Sunday morning.

Its market capitalization has increased by roughly $15 billion in a day and is up to $1.570 trillion on CG. Its dominance over the alts is also on the rise, touching 58% on the same data aggregator.

PI Above $0.09, UNI Rockets

Ethereum is slightly in the green and now sits above $2,450, but it’s still below the key $2,500 level. BNB eyes $700 once again, while XRP can’t reclaim the $1.40 line. SOL, TRX, and HYPE are also slightly in the green, while ZEC is up by 3.5% to $830.

UNI has rocketed the most from this cohort of assets, surging by 11% to $4.9. CC and PUMP follow suit, while ENA has dumped the most, losing 3.3% of value.

Pi Network’s native token slipped below the crucial $0.09 support on Friday but has managed to defend it and now trades above $0.091.

The total crypto market cap has added around $30 billion daily, and is up to $2.740 trillion.

The post Pi Network’s PI Defends a Critical Support, Bitcoin (BTC) Reclaims $78K: Weekend Watch appeared first on CryptoPotato.

With the eighth month of the year almost behind us, it’s worth exploring what really took place as it turned out to be among the most eventful ones, especially when it comes to price pumps.

Ripple’s XRP was no exception as it rode the mid-month wave hard, surging from $1.00 to $1.70 within days before it was eventually stopped. History didn’t see this coming, but what does it say about September?

Great August

CryptoPotato reported at the start of the month that August was not a particularly optimistic period for XRP. After July, which is actually quite bullish for the token, it entered August having closed all four previous editions in the red. Some of the losses, as in 2022 and 2023, were in the double digits.

As such, there were no high hopes for the 2026 edition. Its start was quite sluggish. XRP kept losing value and eventually dipped below $1.00 on a couple of occasions for the first time in almost two years.

However, the bulls reacted in a remarkable manner. Fueled by the overall market resurgence, the return of ETF inflows, and reaccumulating whales, XRP bounced hard from that key psychological level and skyrocketed by 70% within less than 72 hours between August 19 and August 22 to a multi-month peak of $1.70.

Although it was stopped there (and the month is not officially over yet), XRP remains up by around 33% so far in August, according to data from CryptoRank.

Unless a major cataclysm takes place in the next 36 hours or so, XRP is primed to enter September in a considerably stronger position than it went into August.

What’s Next?

Unlike August, the past four Septembers have all been in the green for XRP. Admittedly, the one in 2023 brought a minor increase of 0.42%, while last year saw a jump of 2.5%. However, the ones in 2018, 2016, and all the way back in 2013 were significantly more bullish, with gains of 73%, 47%, and 94.4%, respectively. 2022 was also highly impressive, with a surge of over 46%.

As popular analyst EGRAG CRYPTO recently outlined, Septembers in even years were substantially more bullish for the asset. In addition, he said that whenever August was in the green, September followed suit 66.7% of the time. In contrast, almost 86% of subsequent Septembers were in the red following such an August.

With the August recess almost over in the US Senate, all eyes will return to the CLARITY Act in September. After failing to advance the key crypto legislation, the Senate is expected to revisit it as soon as September 15. XRP has been heavily influenced by the developments on the bill front, and a positive turnaround could lead to another leg up and vice versa.

The post XRP’s Crazy August Is Almost Over – September Could Be Even Bigger appeared first on CryptoPotato.

Just a few months after it launched its first notable cryptocurrency-focused platform, the Wall Street behemoth has expanded its offering beyond Bitcoin and Ethereum.

The giant recently announced that its Schwab Crypto trading service will add Solana (SOL), Chainlink (LINK), and Avalanche (AVAX) in the coming months.

Adding More Alts

The new additions will allow eligible company clients direct access to five cryptocurrencies after the product launched with only Bitcoin and Ethereum in May this year. What’s even more notable now is that Charles Schwab said these won’t necessarily be the last added altcoins, as it plans to introduce more digital assets over time.

“With this expansion, clients will have more choices to build a digital asset allocation alongside the investing and banking experience they know and trust at Schwab. These additions are consistent with our approach to provide clients with access to familiar cryptocurrencies backed by an ecosystem of education, tools, resources, and support to make informed decisions about how crypto might fit into their broader investing goals,” said the entity’s Head of Digital Assets, Joe Vietri.

Charles Schwab clients can view and trade their crypto holdings alongside traditional investments on its website, mobile application, and thinkorswim platform. The company explained that crypto trades carry a fee of 75 basis points on the dollar value of each transaction.

It’s worth noting that certain geographical limitations are still in place. Schwab Crypto remains unavailable to residents of New York and Louisiana, as well as customers in US territories and international jurisdictions.

The statement also clarified that support for any of the announced digital assets could still be delayed, changed, or withdrawn depending on regulatory, market, operational, or risk-related developments.

Market Revival

The BTC- and ETH-only launch of the company’s crypto platform came just ahead of the May rally, which drove the leading digital asset to almost $83,000. What followed were three months of selling pressure and new lows, with BTC dipping below $58,000 on July 1.

However, the new altcoin additions find the market in a much better state. BTC broke out of its consolidation range and rocketed to $81,000 on a couple of occasions. Most altcoins have followed suit, including the ones mentioned above. SOL is up by over 40% in the past month, LINK has gained 38%, while AVAX has added a more modest 15%.

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Ripple’s cross-border token staged one of the most impressive recoveries in the past 10-12 days, surging from just under $1.00 to a multi-month peak at $1.70.

However, this major rally was halted, and the momentum has faded, with the asset currently struggling to remain at $1.40, which represents a 20% pullback from last Saturday’s top. The landscape worsened on Friday after the hawkish speech by Fed Chair Kevin Warsh at Jackson Hole.

Major Test Approaches

Popular analyst Ali Martinez has been tracking the major change in XRP’s underlying activity throughout the latest move. As previously reported, active addresses on the XRP Ledger skyrocketed by over 650% at one point, jumping from 47,180 to more than 356,000. At the same time, whales went on an impressive accumulation spree, acquiring over 300 million tokens in only 96 hours.

What matters most now is whether that demand can prevent the latest pullback from developing into something considerably worse. The technical structure has weakened since the rejection at $1.70, and the token is struggling at $1.40. According to Martinez, this means that the asset failed to hold above the 50-week exponential moving average at $1.54.

This has turned attention toward the $1.35-$1.38 region as the next important support zone, which is currently being tested. The analyst said that roughly 3.2 billion XRP were traded in this area, according to the URPD, underscoring its significance.

Fellow market commentator CRYPTOWZRD outlined the change in the recent structure, indicating that XRP was bearish and volatile throughout the day before closing lower. They believe holding above $1.40 is crucial, but this hasn’t been the case so far.

What About a Breakout?

Martinez also highlighted the most significant resistance barriers to watch if XRP resumes its rally from the previous week. The first is located at $1.60, where 1.99 billion tokens were traded. $1.68 follows suit with a similar number of traded coins.

The biggest obstacle is at $1.86, where 3.47 billion XRP were traded. A breakout above that level can open the door for a run toward the psychological $2.00 level and up to $2.19 next.

XRP AT KEY SUPPORT

After rallying 71.8% from $0.988 to $1.698, XRP has entered a 20% correction and is now testing a major support zone.

According to the URPD, roughly 3.2 billion XRP were traded between $1.35 and $1.38, making this one of the most important demand levels.

As… pic.twitter.com/i5r1tPsMJe

— Ali Charts (@alicharts) August 29, 2026

The post XRP’s 70% Rally Is Fading: Here’s the Level That Could Decide What Happens Next appeared first on CryptoPotato.

The United States has secured majority control of more than 65 billion barrels of Venezuela’s oil reserves, which could reshape global energy markets, but does it actually matter for bitcoin and crypto?

President Trump announced on Friday that the US had secured majority control through an agreement involving Washington, Venezuela, and private businesses. He called it the “biggest oil deal in world history” and said it would substantially increase America’s effective oil reserves and ultimately bring down fuel prices.

65 Billion Barrels, But There’s a Catch

The analysts at the Kobeissi Letter noted that the US currently has around 46 billion barrels of proven domestic crude reserves. Adding control over another 65 billion would bring the combined figure to over 110 billion, roughly 7% of global proven reserves. In other words, the US-controlled total would be around the same as the UAE’s and ahead of Kuwait’s.

According to some leaked details, the deal covers 17 Venezuelan oilfields, including projects in the resource-rich Orinoco Belt and Lake Maracaibo. A new structure would give the US a majority operational position, while American companies are expected to provide much of the capital and expertise needed to increase production.

Venezuela has also projected close to $100 billion in private investment tied to the broader agreement. However, here comes the catch. Those barrels are all reserves, not immediate supply.

Venezuela currently produces around 1.2 million barrels per day, a fraction of what its enormous resource base theoretically allows due to years of underinvestment, deteriorating infrastructure, power problems, and other issues. Reuters reported that even the country’s ports are already struggling with current export volumes, with some tankers waiting weeks to load.

Lower Oil Good for Bitcoin?

Oil has been one of the biggest inflationary pressures this year as the conflict in the Middle East and disruptions around the Strait of Hormuz have pushed crude prices sharply higher. In general, more expensive oil feeds into fuel, transportation, manufacturing, and ultimately consumer prices.

If Venezuelan supply expands significantly over the coming years and helps decrease oil prices, the result could be weaker inflationary pressure, which, in turn, could give the Fed more room to ease monetary policy, unlike the present situation. This would be considered bullish for crypto, since the asset class tends to benefit from such macro conditions.

The deal, which was later confirmed by Venezuela’s President, comes at an interesting time – right after Fed Chair Kevin Warsh delivered a hawkish speech at Jackson Hole. He warned that inflation remains too high and indicated that policymakers could still have “work to do” if price pressures fail to move convincingly toward the central bank’s target of 2%.

If oil remains elevated due to the war in the Middle East, inflation is likely to continue preventing the Fed from pivoting. However, if Venezuela eventually becomes a substantial new source of reliable supply, the landscape can change.

Ultimately, the oil deal between the US and Venezuela is unlikely to translate into an immediate impact on BTC and crypto, as there’s no direct connection between the two. However, the long-term perspective is more bullish than bearish, especially if Venezuela improves its production lines and prices indeed fall, as Trump predicted.

The post US Secures 65 Billion Barrels of Venezuelan Oil: Could This Be Bullish for Bitcoin? appeared first on CryptoPotato.

Solana’s native token became one of the recent top performers in the crypto market, surging to a new seven-month high at over $105 before it was finally halted and retraced slightly.

This substantial rally from under $75 came amid several major developments within the broader Solana ecosystem. Perhaps the most important came from the network itself.

Issuance Changed

The network finally succeeded in reducing future SOL issuance. Although the decision could hardly have been any closer, validators approved SGP-0002, which endorses doubling Solana’s annual disinflation rate from 15% to 30%. The proposal finished with approximately 67%, barely clearing the two-thirds supermajority required for approval.

Helius CEO Mert Mumtaz, one of the most prominent and vocal supporters, summed up the dramatic finish by saying his team made hundreds of calls in the final hours and ultimately passed the measure by a “literal hair.”

It’s worth noting that the proposal does not eliminate inflation. It doubles the speed at which SOL’s existing inflation rate declines each year – from 15% to 30%, while leaving the network’s terminal inflation rate unchanged at 1.5%. Under the current schedule, Solana was expected to reach that floor in the first half of 2032. The new schedule reduces that time by half, bringing it to H1 of 2029.

The trade-off is that normal staking yields are projected to fall faster as fewer new tokens are distributed, which is where most of the arguments against it come from.

SOL ETF Breaks $1 Billion Milestone

The Bitwise Solana Staking ETF (BSOL) became the first exchange-traded fund tracking the altcoin to surpass the coveted $1 billion target in assets under management on Friday. It saw the light of day last October, meaning that it took around 10 months to do so.

What’s particularly interesting here is that this achievement occurred despite SOL’s broader price performance. As Bitwise President Teddy Fusaro pointed out, BSOL shares remain about 40% below their listing prices, while SOL itself is still 60% away from its ATH.

BSOL held more than 9.3 million SOL when it crossed the $1 billion mark. It targets staking 100% of its holdings, while the net staking reward rate currently stands at around 5.8%.

Whales Go Big

Lookonchain data from earlier today showed that two major Solana whales have continued to withdraw major holdings from exchanges after completing significant accumulations. A wallet ending with 3WzfuP withdrew almost $3.9 million in SOL from Kraken, while another one, ending with 5p6zPz, transferred nearly $30 million worth of the asset from Binance.

SOL’s price has been on the move lately, surging to a six-month peak at over $105 on Friday before the broader market’s correction drove it south. Nevertheless, it remains well above $100 after a 42% monthly surge. Some analysts believe more gains are around the corner, with predictions ranging from $150 to $300.

The post 3 Major Solana (SOL) Developments You Should Know About appeared first on CryptoPotato.

Bitcoin’s price rally that drove it past $81,000 on a couple of occasions in the past week came to a halt after the hawkish stance by the new Fed Chair displayed yesterday, and the asset slipped to a five-day low of under $77,000.

Most altcoins followed suit, posting 3-5% daily declines. Ripple’s XRP, which recently peaked at $1.70, initiated another leg down, dropping below $1.40.

BTC Dips Below $77K

The primary cryptocurrency’s explosion that began on August 19 took it from under $65,000 to almost $80,000 in 48 hours last week, where it finally faced some resistance and slipped to $75,500 during the previous weekend. However, the bulls quickly regained control and pushed the asset north as the new business week began.

At first, BTC challenged the $80,000 level, which the bears managed to defend initially, but buyers were more persistent and drove bitcoin above it to $81,000 on Tuesday morning. It couldn’t keep climbing and retraced to $79,000 on Wednesday.

The bulls returned in full force on Thursday and Friday morning, pushing the cryptocurrency to another 15-week high of $81,500. Nevertheless, BTC was rejected once again, and the Jackson Hole speech didn’t bring any positives. Shortly after its conclusion, the hawkish stance by Warsh resulted in another leg down for bitcoin, dipping below $77,000 within an hour or so.

Although it has rebounded slightly to over that level now, bitcoin is still more than 2% down on the day. Its market cap has declined to $1.555 trillion, while its dominance over the alts remains above 57%.

Alts Back in Red

Ethereum is down by almost 3% in the past 24 hours as it was rejected at $2,500 once again and now sits at $2,430. BNB has slipped further away from the $700 level, now trading beneath $690. XRP tanked from $1.45 to $1.38 as of now, following a 3.2% daily drop.

SOL, DOGE, LINK, XLM, and HYPE have produced similar losses, while BCH has slumped by more than 7% to under $250. RAIN and XMR are among the few alts with slight gains today.

The total crypto market cap has decreased by $80 billion from yesterday’s top to $2.720 trillion on CG.

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