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LD Capital founder Jack Yi said on X that the current crypto market resembles conditions seen just before the explosive 2020 bull run. Yi said BTC rose for five straight days starting on Aug. 17 last month and then moved sideways for 19 days, describing the stretch as a typical correction within an uptrend. In a bull market, Yi added, investors should avoid short positions and closely watch volatility on the daily chart.

An anonymous whale wallet is now sitting on more than $5 million in unrealized gains on USELESS after holding the token for more than nine months, according to Lookonchain. The address bought 34.9 million USELESS for $6.4 million at an average price of $0.1833 in September and October last year. The position was at one point down by more than $5 million, but the recent price rise has lifted the holding’s value to $11.4 million.

TRON founder Justin Sun said on X that major institutions including BlackRock, Vanguard and Goldman Sachs had joined the shareholder roster of TRON, a Nasdaq-listed company identified as DAT that is accumulating TRX, citing expanded institutional ownership and the impact of index inclusion.

The following are the 24-hour long/short ratios for BTC perpetual futures on the world’s three largest crypto futures exchanges by open interest: Overall: 49.54% long, 50.46% short - Binance: 49.72% long, 50.28% short - OKX: 49.38% long, 50.62% short - Bybit: 49.92% long, 50.08% short

Crypto exchange Gemini has secured a major payment institution license from the Monetary Authority of Singapore, Cointelegraph reported. The license allows local unit Gemini Digital Payments Singapore to provide digital payment token and cross-border money transfer services.

Iran is expanding its use of cryptocurrencies to reduce trade disruptions caused by U.S. sanctions and blockades, the Financial Times reported. Over recent months, Iran’s central bank has effectively eased foreign-exchange rules to let companies bring export proceeds back into the country, while also allowing cross-border payments through assets including USDT and BTC, according to the report. TRM Labs said cryptocurrency volume moving through Iran reached around $10 billion last year. Iran has also used crypto mining as a tool to circumvent sanctions, with Elliptic estimating the country accounted for about 4.5% of global BTC mining output. The Financial Times said crypto is becoming increasingly important in Iran as U.S. financial pressure intensifies.

Aptos said it will carry out its first testnet reset on Oct. 7. All previously deployed smart contracts, test accounts, balances and transaction histories will be deleted and will need to be redeployed, while the mainnet and devnet will not be affected. Aptos said it has been carrying out periodic resets as the testnet has processed more than 10 billion transactions and storage usage has grown, in order to cap capacity and maintain network performance.

According to CoinNess market monitoring, BTC has risen above $79,000. BTC is trading at $79,078.22 on the Binance USDT market.

Citigroup plans to begin a deposit token-based overseas remittance service for Japanese companies within the year, becoming the first foreign financial institution in Japan to do so, CoinPost reported. The service is expected to enable real-time foreign-currency transfers 24 hours a day, 365 days a year, without the usual constraints of bank business days and hours, including at night and on holidays.

U.S. spot Ethereum ETFs recorded a net outflow of about $24.29 million on Sept. 8, according to SoSoValue, reversing from net inflows after two trading days. - Fidelity FETH: +$9.89 million - Grayscale ETHE: -$9.57 million - Grayscale Mini ETH: -$24.61 million

U.S. spot Bitcoin ETFs posted about $46.65 million in net outflows on Sept. 8, according to SoSoValue, reversing from net inflows after four trading days. - BlackRock IBIT: +$10.66 million - Fidelity FBTC: -$17.05 million - Grayscale GBTC: -$65.51 million - Bitwise BITB: +$14.47 million - ARK Invest ARK: +$8.06 million - Morgan Stanley MSBT: +$7.41 million - Invesco BTCO: -$4.68 million

Crypto options trading platform BIT, formerly Matrixport, said a total of $6.7 billion in institutional funds flowed into the crypto market over the past 30 days, based on combined figures for Strategy, Bitcoin ETFs and new stablecoin issuance. Compared with the $13 billion in net outflows recorded in June, the data points to a clear reversal toward net buying and capital inflows. BIT added that the improving inflow trend is helping support a recent recovery in market sentiment and downside price support, although the pace of inflows needs to accelerate further for Bitcoin to post a more substantial additional rally.

AI social engine infrastructure provider X-Agent said it was invited to the AI Foundation Community Lightning Pitch recently held at WeWork in Tokyo, where it held in-depth discussions with local entrepreneurs, developers, investors and AI practitioners. Attendees discussed practical applications for AI agents and AI applications, as well as ways to cooperate across the ecosystem, according to X-Agent. The company added that participants showed interest in its product experience for building executable AI apps using natural-language input alone. An X-Agent official said the company plans to strengthen its product and community presence in Japan based on its core direction of "From natural language to executable AI apps," while actively seeking collaboration opportunities with local developers, project teams and partners. X-Agent added it plans to support the practical adoption of AI agents and AI apps in the ecosystem while continuing to expand links with global developers and communities.

A Cornell Brooks School Institute for Technology Policy study said the U.S. federal government’s net tax revenue could rise by $859 million over the next 10 years if the country does not tax crypto payments under $300. Assuming the number of digital-asset payment users stays at the current 5.4 million, the institute estimated the revenue increase at between $172 million and $2.58 billion. The institute said the current capital gains tax and reporting requirements for small transactions are hindering everyday crypto payments. It added that removing tax and reporting burdens on small payments could increase Bitcoin payments and demand, while the near-term impact on prices and tax revenue would remain limited at the current user base.

Anonymous Cat (ZCAT), a cat-themed meme coin in the Solana ecosystem, has distributed about 2,320 ZEC to eligible holders through its proprietary transaction-tax mechanism, BlockBeats reported. At current prices, the distribution is worth about $2.75 million. ZCAT charges a 3% transaction tax on every transfer and converts most of the proceeds into Zcash (ZEC), which it then distributes to wallets holding at least $20 worth of ZCAT. As ZEC has recently surged, the value of the ZEC rewards received by ZCAT holders has also risen sharply.

Bitcoin infrastructure project VerifiedX has begun raising $15 million to build institutional Bitcoin infrastructure, Wu Blockchain reported. The company selected Cantor Fitzgerald as its investment banking partner. VerifiedX said it has secured initial institutional capital, but it did not disclose the amount raised so far or the participating investors. The funds will be used to support infrastructure for institutional Bitcoin distribution, custody integration, exchange listings and lending.

Minara AI announced the launch of Minara Harness, a financial AI agent that supports 24-hour research and automated trading across all asset classes. The platform conducts global financial market research, generates reports, develops quantitative strategies, and executes automated trades within parameters set by users. It also automatically generates code from natural-language trading strategies and completes backtesting.

South Korean exchange Bithumb announced the designation of HEMI for its delisting watchlist after confirming a security incident in which some tokens were abnormally drained through a vulnerability in the smart contract used by the operating entity to distribute initial reward claims.

Multicoin Capital is estimated to have sold a cumulative 1.725 million HYPE worth $133 million since July 28, according to ai_9684xtpa. Multicoin Capital currently holds HYPE worth $60.29 million.

A whale that had been accumulating BTC in batches since 2022 has sold a total of $24.1 million worth of WBTC on Binance since Aug. 10, according to ai_9684xtpa. The same whale is also estimated to have sold an additional 30.1 WBTC worth $2.37 million nine hours ago.

Layer-1 blockchain Linera said on X it will begin a refund process after failing to meet the target for its LNRA token community sale. A total of 617 participants from 69 countries committed 848,271 USDC in the round, falling short of the minimum target of 1.5 million USDC. The project said it will soon update the sale website to support refund requests, and the funds will be returned to the same wallets used for the original participation.

Ethereum layer-two project Scroll (SCR) plans to transition from a public blockchain to a private network tailored for artificial intelligence applications. The transition is expected to take around nine months. After the shift, SCR’s supply and tokenomics structure will remain unchanged. SCR will move to the Ethereum mainnet to improve accessibility and liquidity, while retaining its role as Scroll’s governance token.

The Polkadot community has submitted governance proposal 1944 to create dotUSD, a native decentralized stablecoin, and introduce it as a key asset in the Polkadot ecosystem. A vote on the proposal is now under way. According to the proposal, dotUSD would use an overcollateralized model, allowing users to mint dotUSD by depositing DOT, while tools including a stability pool would be introduced to maintain its peg to the U.S. dollar.

Strategy has doubled its preferred stock buyback program to $2 billion, CryptoSlate reported. The decision came after larger purchases over the past seven weeks nearly exhausted the previous $1 billion limit. According to STRC.live, STRC began trading at around $97 to $98 on Sept. 8, about 2% below its stated value of $100.

U.S. real estate investor Grant Cardone has put his private jet up for sale for 1,025 BTC, Cointelegraph reported.