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Cointelegraph outlined four key themes to watch in the Bitcoin market this week: - Focus on the Federal Reserve’s rate decision, with Chair Waller expected to raise rates despite pressure from President Trump - A procedural vote is expected in the U.S. Senate on the CLARITY bill - Traders are reducing leverage and unwinding positions - BTC has fallen below weekly chart support, with buying demand weakening

U.S. crypto mining company Riot Platforms (Nasdaq: RIOT) transferred 119.63 BTC worth $9.3 million to the custody of crypto lender New York Digital Investment Group (NYDIG), according to Onchain Lens. Separately, Riot Platforms sold 9,665 BTC in the first half of this year at an average price of $75,785.

According to CoinNess market monitoring, BTC has risen above $78,000. BTC is trading at $78,010 on the Binance USDT market.

A wallet believed to be tied to crypto market maker Cumberland withdrew 16.55 million PONS worth $9.37 million from Gate over the past 10 days at an average price of $0.67, according to Lookonchain. Exchange withdrawals are typically seen as a sign of accumulation.

BTC and ETH are showing a clear divergence in exchange supply trends, according to Leon Waidmann, chief analyst at Lisk (LSK). In a post on X, Waidmann said exchange-held balances now account for 16.5% of Bitcoin’s total supply and under 12.7% of Ethereum’s, adding that BTC’s exchange share has seen little change while ETH has continued to flow off exchanges. Waidmann said the trend is creating a structure in which the amount of ETH available for trading on exchanges is gradually declining.

Upbit announced it will temporarily suspend WLD deposits and withdrawals from 9:00 a.m. UTC on Sept. 21 due to a network upgrade for Worldcoin (WLD).

South Korean exchange Bithumb announced it will temporarily suspend withdrawals of Zircuit (ZRC) at 9:00 a.m. UTC on Sept. 15 to support a network upgrade.

Ripple’s stablecoin RLUSD supply reached a record $2.442 billion, up about 41% from $1.72 billion a month earlier, Bitcoin.com reported. The recent increase in RLUSD supply was concentrated on the Ethereum network rather than the XRP Ledger, with about $1.37 billion in circulation on Ethereum and about $1.05 billion on XRPL.

Ahead of a procedural Senate vote on the Clarity Act, Bernstein said the crypto market has not priced in any possibility that the bill could advance further than expected. According to The Block, Bernstein analysts said the market is leaning bearish before the vote and sees recent Republican concessions as raising the chances of the bill making more progress than the market expects.

South Korean exchange Bithumb announced it will temporarily suspend deposits and withdrawals of Shentu (CTK) at 9:00 a.m. UTC on Sept. 15 to support a network upgrade.

If BTC falls below $76,029, about $790.18 million in long positions could be liquidated across major centralized exchanges, according to CoinGlass data. If BTC rises above $78,378, about $497.03 million in short positions could be liquidated.

South Korea’s Financial Services Commission is pursuing a three-stage plan to establish a legal framework for tokenized securities, with the final phase pointing to on-chain payments linked to stablecoins and interoperability across ledgers. Against that backdrop, the blockchain industry has asked the National Assembly to revise the current framework, arguing it could instead limit that scalability, Edaily reported. The industry called for a review of rules barring transfers of tokenized securities between different distributed ledgers, restrictions on the use of public blockchains, and entry requirements for non-financial companies. It also proposed adding a sunset clause to reassess initial regulations after one to two years and creating an interoperability sandbox. In a written opinion, the Korea Blockchain Industry Promotion Association (KBIPA) stressed the current structure, which requires a single security to be managed on only one distributed ledger to prevent duplicate issuance, could constrain the future adoption of interoperability technology linking different ledgers.

Hyperliquid bought back and burned 17,710 HYPE over the past 24 hours at an average purchase price of $78.37, for a total of about $1.39 million, according to Onchain Lens. A total of 48.6 million HYPE has now been permanently burned, worth about $3.88 billion and equal to 4.86% of the token’s maximum supply of one billion HYPE.

Binance Pay, the crypto payment service under Binance, unveiled three on-chain payment solutions for businesses. On-Ramp as a Service supports cryptocurrency purchases within corporate services, while Pay Onchain lets users use Binance account balances for wallet top-ups, deposits and merchant payments. Agent Pay with Binance x402, or B402, enables AI agents to automatically make on-chain payments for API and digital service fees.

Bitcoin trading volumes have picked up again, with recent gains driven more by buying than selling, according to a CryptoQuant analysis. On Aug. 21, BTC spot trading volume reached $75 billion and perpetual futures volume climbed to $336 billion, both the highest levels in months, CryptoQuant said. Over the same period, BTC also surged 24%. Gate posted the most notable increase in volume, with its 30-day volume growth rate reaching 667%, the highest among major exchanges this year, according to the analysis. The data suggests market participation and buying demand have risen alongside Bitcoin’s recent advance.

NFT game Pixelmon (MON) said via its official Discord channel, "game development is being halted and related staff have been laid off." MON was trading at $0.0004658, down 12.59%, according to CoinMarketCap.

South Korea’s government has yet to estimate expected tax revenue or even administrative costs ahead of the planned January 2027 rollout of taxation on virtual asset income, Edaily reported. That means tax obligations will be imposed on around 13 million virtual asset investors without a full assessment of the policy’s fiscal impact or administrative burden. According to materials that People Power Party lawmaker Kim Sang-hoon’s office received on Sept. 14 from the Ministry of Economy and Finance and the National Tax Service, neither agency was able to provide estimates for expected tax revenue effects or collection costs tied to the 2027 launch. The ministry said the first filing under the new tax regime would take place in May 2028 and added a reasonable estimate of revenue effects after 2028 was impossible. The National Tax Service also said it was difficult to produce an independent estimate because it did not hold the relevant filing and taxation data before enforcement begins.

South Korean exchange Bithumb announced the removal of BounceBit (BB) from its delisting watchlist.

TD Cowen raised its price target for The Smarter Web Company, a UK-listed firm that has adopted a Bitcoin treasury strategy, to £0.73 ($0.99) from £0.64 ($0.87), The Block reported. The revision reflects the company’s planned IPO of its perpetual preferred stock, MORE. Smarter Web previously said it plans to list MORE on the London Stock Exchange to raise up to £25 million and currently holds 2,747 BTC.

Bitcoin has held its price despite selling pressure in the derivatives market and relatively weak buying in the U.S. market, but there is still no clear signal of a buying-led reversal, on-chain analyst Axel Adler Jr. said in a blog post. Adler said the derivatives market pressure index fell from -25.36 to -60.80 over the past 24 hours, indicating stronger selling dominance. The Coinbase Bitcoin Premium Index also remained negative at -0.0455%, with its 48-hour average at -0.0323%, Adler said. Even so, BTC has not seen a sharp price drop, but neither indicator has yet shown signs of improving supply-demand conditions, Adler added. The Coinbase Bitcoin Premium Index measures the BTC price gap between Coinbase and Binance, and a sustained negative reading is generally interpreted as relatively weaker BTC buying demand in the U.S. market. Adler added the situation could be seen as improving once the derivatives market pressure index rises above zero and the 48-hour average of the premium index also turns positive.

South Korean exchange Bithumb announced the delisting of RSS3. Trading support will end at 6:00 a.m. UTC on Oct. 14, and withdrawal support is scheduled to end at 6:00 a.m. UTC on Nov. 13. The exchange said it decided to end trading support after a comprehensive review found the token did not meet its criteria for maintaining trading support, citing the foundation’s actual business progress related to the virtual asset as well as the asset’s use, purpose, and functions.

An anonymous whale address starting with t1fWZr withdrew about 12,870 ZEC from Binance, OKX, Kraken and Gate over the past week, then transferred 12,860 ZEC to a new address starting with t1XvZ, according to Onchain Lens. The moved ZEC was worth about $13.65 million.

Bitcoin futures open interest has fallen about 13.5% since Sept. 3, signaling ongoing deleveraging, according to on-chain data analytics platform Santiment. BTC futures open interest declined by about 43,346 BTC to 278,151 BTC on Sept. 11 from 321,497 BTC on Sept. 3, while Bitcoin’s price fell about 5% over the same period. Santiment said the drop in open interest exceeded the decline in notional value caused by the price move. Current BTC futures open interest is still about 20% below the level seen just before the mid-August rally, although it has posted modest gains for two straight days since Sept. 11. Santiment said market attention is focused on a U.S. Senate cloture vote on the Clarity Act on Sept. 15 and the Federal Reserve’s interest-rate decision on Sept. 16. The platform added that position adjustments in the futures market appear to have already been reflected last week.

The number of addresses holding stock tokens on the Solana network has risen 88% this month to more than 800,000, and many of them may be wallets that received stock tokens as trading fees during memecoin transactions rather than bought the assets directly, Cryptopolitan said, citing Blockworks data. According to the data, the number of Solana-based stock-token holder addresses rose from 424,894 at the start of this month to 801,439 on Sept. 12. Cryptopolitan explained that Pump.fun’s custom pairs, introduced on Sept. 9, allow memecoins to launch as trading pairs using stock tokens such as Nvidia instead of SOL as the base asset, with fees also paid in those stock tokens. As a result, wallets that did not directly purchase stock tokens can still be counted as holder addresses.

XRP Ledger, Ripple’s layer-one blockchain, recently set a record by processing 3,254 transactions in a single block, XRPL Foundation community leader and validator Vet said on X. Vet said XRPL does not have a fixed block size like Bitcoin and instead adjusts its transaction-processing target based on network conditions. When transaction volume surges and block processing remains fast, the network raises the number of transactions it can handle at once, but reduces that number again if processing time exceeds five seconds, Vet said. Vet added that most transactions in the block were simple transfers of very small amounts of XRP, which placed relatively little strain on the network. More complex activity, such as DEX or NFT trades, uses far more processing resources, making transaction count alone an incomplete measure of network capacity, Vet said. Vet also said the purpose of the large batch of transactions was unclear, though Vet estimated it was likely a throughput test.