Live Feed

Crypto trader Killa said investors looking to profit from altcoins should consider selective buying in the early stage of a BTC bull market, even from a broadly bearish view on most altcoins. Killa said that in a past cycle, while BTC rose from $16,000 to $74,000, many altcoins surged 300% to 500%. Killa added that the early phase of a bull market, before Bitcoin dominance spikes and begins to dominate the broader market, is the key entry window for altcoins. Based on that view, Killa said positions entered in advance are already showing meaningful gains. SOL bought at $76 has risen about 50% from the entry price, while a HYPE position entered at $51.55 has gained about 70%, Killa said. Killa added that with the importance of early positioning growing before a broader bull-market expansion begins, Killa plans to build selective positions to prepare for sequential rebounds in individual altcoins, including a recently entered swing-long position in ASTER with a target return of 50% to 100%.

LAPTOP, a meme coin issued by Hunter Biden, the son of former U.S. President Joe Biden, is scheduled for an official launch on the Base network on Sept. 9, BlockBeats reported. According to the report, 800 million of the token’s 1 billion total supply, or about 80%, is concentrated in a single Gnosis Safe multisig wallet. The top five addresses collectively hold 99.85% of the supply, pointing to a severe imbalance in token distribution. On the smart contract side, the token appears to use a standard LayerZero architecture without blacklist or transfer-tax functions. However, the owner can later expand functionality by setting cross-chain peers, leaving risks tied to top-level administrative control. In addition, policies presented by the project, including a 30% founding team lockup, politically linked burns of up to 30%, and a 20% airdrop, are not currently implemented directly in the on-chain smart contract. As a result, whether those pledges are actually carried out will need to be verified through any future deployment of additional contracts. With many similar coins already appearing in the market, investors should exercise caution until an official liquidity pool is established and the final address is confirmed.

Arbitrum generated about $2.6 million in revenue over the first six days of September, ranking third among all blockchains by revenue. The performance was driven not only by fees from Arbitrum’s layer-two network, but also by licensing fees from the recently activated Robinhood Chain and a surge in treasury operating income. At that pace, Arbitrum’s annualized revenue run rate would exceed $150 million.

Whale Alert reported that 3,400 BTC has been transferred from Liquid Hack to Liquid. The transaction is valued at about $268 million.

Bitcoin’s Miner Position Index, or MPI, fell to -1.2, well below its annual average, signaling that miner selling pressure remains highly subdued, according to Bitfinex. Bitfinex said an MPI reading above two is typically interpreted as a sign that miners have resumed selling holdings. The exchange added, "채굴자들이 물량을 계속 축적하며 출금을 자제하고 있다. 지난달 상승 시점에도 MPI는 잠시 2.8까지 반등하는 데 그쳤다"

Bitcoin’s 90-day correlation with the Nasdaq-100 and gold has reversed from March, according to Glassnode. In March, Bitcoin’s 90-day correlation coefficient with the Nasdaq-100 stood at 0.57, while its correlation with gold was 0.21. As of Sept. 7, those figures had flipped, with Bitcoin’s correlation with the Nasdaq-100 falling to 0.22 and its correlation with gold rising to 0.57.

Hunter Biden, the son of former U.S. President Joe Biden, plans to launch a memecoin targeting Donald Trump, The Wall Street Journal reported. The token’s ticker is LAPTOP. The report said Hunter Biden’s laptop issue emerged as a political scandal just before the 2020 U.S. presidential election and remains a recurring political meme in U.S. politics and the cryptocurrency market.

According to CoinNess market monitoring, BTC has fallen below $79,000. BTC is trading at $78,995.47 on the Binance USDT market.

Garrett Jin, BitForex’s founder, has closed his entire Bitcoin long position worth $170 million, or about 1,331 BTC, booking a final realized profit of $1.02 million. The position had been held for about three and a half months. Jin has faced allegations of profiting from insider trading ahead of the largest-ever forced liquidation event in October last year. Jin is now left only with a loss-making short position in Zcash. The position totals 39,760 ZEC, worth about $47 million, with unrealized losses reaching $24 million. Earlier today, Jin averaged down on the ZEC short position after losses mounted, then fully exited the profitable BTC long later the same day.

Aave has begun paying USDe rewards through the dedicated Ethena market in its V4 protocol on the Ethereum mainnet. The DeFi lending platform said Aave V4 has built two dedicated Spokes environments that support major synthetic assets, including USDe and sUSDe, as collateral. Through the setup, users can deposit and borrow USDe to run looping strategies aimed at maximizing yield. Backed by Aave’s lending infrastructure, supply of USDe, a delta-neutral synthetic dollar, has recently surpassed $12 billion, and at peak times Aave has served as a key liquidity venue supporting more than 50% of total USDe supply. It added that the "liquid leverage" feature introduced in V4 reduces sUSDe unstaking wait times and improves liquidity, while whitelist-based safeguards have also been applied to address risks tied to large-scale redemptions.

Ethereum developers have decided to formally include Frame Transactions (EIP-8141) in the Hegotá upgrade scheduled for 2027, enabling users to pay transaction fees without ETH. Under the current system, users cannot move funds without Ether for gas fees even if their wallets hold enough stablecoins. EIP-8141, proposed by Vitalik Buterin and others, separates signature verification, fee payment and transaction execution into individual "frames." That would allow payment apps to cover fees on a user’s behalf or deduct gas fees in stablecoins at the protocol level without a third-party intermediary. The proposal would also support atomic batching of multi-step transactions, immediately revoke permissions if an approval fails, and add account abstraction features that let users replace private keys while keeping the same account address or switch to quantum-resistant security keys. The current specification remains in draft form, and details may be adjusted before final adoption.

Bitcoin’s recent rally has been driven by spot demand rather than leverage, crypto market maker DWF Labs said on its official X account. DWF Labs said the latest BTC gains reflected a spot-led move, with open interest in the BTC futures market falling to 669,600 BTC from 762,200 BTC since mid-August, when the sharp upswing began. Inflows through spot ETFs also continued, it added. Spot BTC and ETH ETFs drew a combined $1.2 billion last week, marking a third straight week of inflows above $1 billion, the first such stretch since July last year. DWF Labs also said renewed tensions between the U.S. and Iran were pushing oil prices higher, while market expectations for U.S. monetary policy were tilting toward rate hikes. This week’s U.S. Producer Price Index and Consumer Price Index releases could be key variables, DWF Labs added.

Bitcoin is holding firm near $80,000 even as stronger-than-expected U.S. jobs data has pushed the probability of a September Federal Reserve rate hike above 66%, according to a latest report from crypto exchange Bitfinex. Bitfinex said August U.S. nonfarm payrolls, released last week, rose by 162,000, far above expectations, lifting the likelihood of a September rate hike to above 60%. BTC climbed to $82,320 on Sept. 3 and is now moving sideways in a $77,200-$82,100 range. U.S. spot BTC ETFs saw net inflows of $986.7 million last week, while stablecoin supply continued to increase. Bitfinex said ETF inflows and rising stablecoin supply are supporting BTC prices, but higher short-term Treasury yields are limiting further upside. As a result, sideways trading is likely to continue until BTC clearly breaks above $82,100, the top of its short-term range.

Privacy-focused cryptocurrency Zcash (ZEC), sometimes referred to as a dark coin, has surpassed a $20 billion market capitalization after hitting its highest price since 2016, Cointelegraph reported. According to CoinGecko, ZEC rose to $1,249.28 on Sept. 7 and was recently trading around $1,190. The token is up about 45% over the past week and 138% over the past 30 days. Cointelegraph said a key driver behind the latest surge was crypto asset manager Grayscale’s conversion of its existing ZEC trust product into an exchange-traded fund. The ETF, which trades under the ticker ZCSH, was listed on NYSE Arca on Aug. 25.

South Korea’s Financial Supervisory Service is examining whether unusual trading took place on Bithumb after as much as 70% of Bitcoin trading on the exchange was concentrated in 10 accounts, KBS reported. When Bitcoin rose from around 91 million won to above 100 million won in two days on Aug. 19, the top 10 accounts’ share of Bithumb’s total Bitcoin trading value climbed to as high as 70%, compared with a usual level of about 30%, according to the report. KBS said the pattern resembled unfair trading in which volume or buying interest is inflated to encourage retail purchases and lock in gains. The Financial Supervisory Service has classified the concentration in specific accounts on Bithumb as an unusual phenomenon and asked the South Korean exchange for a list of top traders and raw trading data, KBS reported. The regulator is also checking why Bithumb waived fees for API trading, which places large automated orders, during the period when the concentrated trading occurred.

Cointelegraph outlined five key factors to watch in the Bitcoin market this week: - U.S. CPI and PPI data are due, while the probability of a Federal Reserve rate hike is trending higher. - Japan has carried out its largest-ever yen intervention, raising the possibility of U.S. Treasury sales. - Spot demand for BTC remains weak. - BTC closed the week above $80,000 for the first time in four months. - Bullish signals have emerged in BTC on-chain indicators, pointing to a possible repeat of the recovery seen in early 2023.

Global cryptocurrency market capitalization rose 17.6% from a month earlier to $2.7 trillion in August, according to Binance Research’s monthly market report. The report said crypto ETFs saw their largest inflows of the year in August. BTC rose 24.8% on a recent weekly basis, placing the gain in the top 1% of weekly advances since 2020, while cryptocurrencies also took up a larger share of investor portfolios. Among users holding stocks, the crypto share of portfolios increased to 72% from 64%, while the stablecoin share fell 22%. The share of perpetual futures trading volume tied to traditional finance, or TradFi, assets shrank to 20% from 40%.

More than 116,000 ETH, worth around $300 million, has been withdrawn from major cryptocurrency exchanges over the past two days, a trend that well-known crypto trader Ali Martinez said could support further gains in ETH. CryptoPotato added, "거래소에서 ETH가 대규모 출금됐다는 건 즉시 매도 가능한 ETH 물량이 감소하면서 매도 압력이 완화됐음을 시사한다. 다만 거래소 출금이 반드시 매집을 의미하는 것은 아니며, 스테이킹이나 개인 커스터디 등 다른 목적의 자산 이동 가능성도 배제할 수 없다," indicating that large ETH outflows from exchanges suggest a decline in immediately sellable supply and easing selling pressure, while noting the withdrawals do not necessarily mean accumulation and could also reflect staking or transfers into private custody.

Solana will introduce transaction v1 on its mainnet on Sept. 9, CoinDesk reported. The upgrade will raise the maximum transaction size to 4,096 bytes from 1,232 bytes, an increase of about 3.3 times. The change will allow some large-scale on-chain operations that previously had to be split across multiple transactions to be handled in a single transaction. It is also expected to make it easier to use zero-knowledge proofs, large multisig setups and some signature methods, including BLS. The new 4,096-byte cap was set with the 4 KB memory page size used in validator hardware in mind. The upgrade is being carried out under Solana improvement proposals SIMD-0296 and SIMD-0385. Legacy and v0 transactions will continue to be supported, while applications and infrastructure seeking to use v1 transactions will need separate updates. CoinNess previously reported that some in the Solana community had raised concerns about compatibility issues in parts of the infrastructure ahead of the mainnet rollout of the v1 transaction format.

Renato Mariotti, a cryptocurrency lawyer and former U.S. federal prosecutor, said in an interview with CoinDesk that after recently speaking with lawmakers and congressional staff in Washington, the Clarity bill appears to be effectively dead. Mariotti said Congress has begun moving beyond earlier discussions and is now exploring new alternatives and regulatory directions as the bill’s chances of passage have faded.

A group accused of stealing about $240 million worth of Bitcoin in the U.S. was caught after spending heavily on supercars, private jets and luxury homes, the AP reported. The suspects are accused of approaching a long-term crypto investor living in Washington, D.C., in August 2024 and stealing more than 4,100 BTC. After the theft, the group allegedly laundered the funds through multiple crypto exchanges and converted them into cash. Over a one-month period, the suspects spent about $4 million at nightclubs and kept up a lavish lifestyle by buying supercars and private jets, according to the report. A key break in the case came when one member of the group failed to hide an IP address on an exchange account opened to store about $30 million in stolen crypto. U.S. authorities have charged 18 people, including alleged ringleader Malone Lam. So far, 10 defendants in the case have pleaded guilty, and courts have already sentenced three accomplices to prison and other penalties.

Blockstream, the developer of the Bitcoin sidechain Liquid, said the bridge node patch has been completed and the funds can now be safely returned after hackers who identified themselves as white hats stole 4,000 BTC, then worth about $320 million. The hackers had previously said they would return the stolen 4,000 BTC after confirming the vulnerability had been fixed and all nodes had been patched. Negotiations between the hackers and Blockstream were conducted publicly through OP_RETURN messages, and the hackers also sent Blockstream encrypted details about the vulnerability. The funds still held by the hackers were identified at about 3,998.5 BTC.

Bitcoin appears to be less sensitive than gold to moves in U.S. Treasury yields, according to a CoinDesk analysis. As U.S. Treasury yields rise amid concerns about the country’s fiscal health, BTC and gold have continued to gain in tandem, the outlet said. The 90-day correlation coefficient between the two assets’ daily returns currently stands at 0.59, the highest level since 2020, indicating they have recently moved in broadly similar directions. By contrast, the 90-day correlation between BTC and the yield on the U.S. 10-year Treasury note was -0.17, suggesting Bitcoin is less tied than gold to the bond market and interest-rate changes. CoinDesk said this could leave BTC relatively less affected than gold by rising yields as U.S. fiscal uncertainty and financial-market pressure intensify.

The UK Financial Conduct Authority is considering easing restrictions on retail access to prediction markets, CoinDesk reported, citing The Times. The report said the UK currently classifies contracts tied to financial and some weather-related outcomes as binary options and has barred retail investors from using them since 2019. It added that a review of the current rules is gaining traction as more UK users turn to offshore prediction market platforms such as Kalshi and Polymarket. The FCA’s official position remains in favor of keeping the existing ban. In a recent report, however, the regulator said the current rules were appropriate given the speculative nature of the products and the risk of consumer harm, while leaving open the possibility of further review of its market access approach or regulatory scope.

An attacker could gain control over about $91.3 billion worth of USDT on the Tron network if two signing keys are compromised, blockchain security firm Hacken warned. Hacken said roughly half of Tether’s total USDT supply circulates on Tron and the network is structured so an attacker needs only two signing keys required for USDT control to seize smart contract administrative authority. Hacken explained Tron’s multisignature structure does not directly custody users’ USDT, but instead controls administrative privileges for the USDT smart contract. If an attacker obtains the two required signing keys, the attacker could change contract ownership, mint new USDT without authorization, or freeze specific addresses, according to Hacken. The firm added it found no timelock, cancellation procedure, or separate security mechanism to reverse changes during the administrator rights transfer process. Hacken also said similar risks may exist on other networks including Ethereum, Avalanche, and Celo.