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Canaccord Genuity, a Canadian investment firm, raised its price target on Strategy to $179 from $175 and maintained a buy rating.

Crypto exchange BitMart said it has appointed Alvarez & Marsal, or A&M, as an external financial adviser to review options including an orderly resumption of customer withdrawals after limiting access to client assets following its decision to shut down operations. A&M will assess BitMart’s assets, financial condition, and stakeholder-related matters, while reviewing multiple paths including an orderly restart of withdrawals and the company’s future operating direction. BitMart plans to disclose progress updates and short-term action plans in stages over the next three weeks. The exchange also said it plans to launch a dedicated webpage within five business days to gather user feedback and appoint an independent third party in the near term to oversee company operations and asset custody. Earlier, BitMart customers formed an ad hoc creditor committee to recover frozen assets, and the exchange had said it was considering a restructuring plan that would gradually restore some services.

A whale that had used borrowed funds to hold 149,800 ETH worth $377 million at roughly two times leverage sold part of the position to repay debt, on-chain analyst EmberCN reported. About four hours ago, the whale sold 6,000 ETH at an average price of $2,496 and swapped the proceeds into 14.97 million USDe, which was then used to repay an Aave loan. The whale now holds 143,800 ETH worth $362 million and still has $181 million in debt on the lending platform, according to EmberCN.

According to on-chain analyst Ai Yi, four addresses believed to belong to the same whale broke six months of inactivity to make large purchases of ETH and ZEC. The addresses bought a combined 13,290.6 ETH via Cowswap at an average price of $2,511, then used 2,500 ETH through cross-chain intent protocol Near Intents to buy an additional 6,601.37 ZEC. The whale paid 16.75 ETH in fees, worth about $42,000, and the buying was still underway.

According to DeFiLlama data, HTX, formerly Huobi, recorded about $447 million in net inflows over the past 24 hours as of 4:30 a.m. UTC on Sept. 9, the largest among centralized exchanges tracked by DeFiLlama. At the same time, HTX held about $4.232 billion in total assets and about $4.218 billion in clean assets, while 24-hour spot trading volume reached $1.036 billion and open interest in futures and other derivatives stood at about $3.948 billion. As of 12:00 a.m. UTC on Sept. 9, HTX had also ranked first among CEXs with about $437 million in net inflows over the previous 24 hours.

U.S. macroeconomist Lyn Alden said on the YouTube channel What Bitcoin Did that, looking back three years from now, the current period is likely to appear to have been a good time to buy BTC, while the long-term outlook remains positive. Alden said market sentiment and on-chain indicators are nearing bear-market bottom levels, short-term speculative capital has been flowing into markets other than BTC, and large-scale short liquidations recently occurred even though BTC price volatility was limited. Alden said this suggests bearish positioning in the market had become excessive. Alden added Alden does not expect prices to rise continuously right away, and while a bottom may already be in place, prices could still move lower.

India’s Financial Intelligence Unit has sent non-compliance notices to 15 overseas cryptocurrency exchanges for violating anti-money laundering rules, CoinDesk reported. The exchanges included WEEX, BloFin, Bitunix and WOO X, which were cited for providing services to users without local registration. India has required offshore operators to register with the Financial Intelligence Unit since 2023 if they offer services to local users.

According to CoinGlass data, a break below $77,674 in BTC would trigger the liquidation of about $661.42 million in long positions across major centralized exchanges. A move above $80,081 would liquidate about $330.89 million in short positions.

Arthur Hayes, CEO of AI agent blockchain project Flop Labs, said on X he plans to introduce a KOL, or influencer, referral program based on FLOP usage activity. Each KOL will receive a unique referral link, and FLOP usage volume and network activity generated through those links will be tracked on a leaderboard. Users who create wallets through the referral links will be included in regularly held FLOP drawings. Detailed operating plans will be disclosed later. Hayes previously released FLOP’s yellow paper.

Bitcoin Lightning wallet Alby said a critical vulnerability was found in Alby Hub versions v1.7.0 through v1.18.5 that could allow unauthorized fund transfers. If users ran those versions with external internet access enabled, attackers could access the admin API and transfer funds without authorization. Alby said it has identified one affected user so far. Alby urged users on those versions to block external access to the admin interface and immediately update to the latest version, v1.24.0. Users who operated vulnerable versions with external access should also change their unlock password after updating. Versions v1.19.0 and later, released on Aug. 29, 2025, are not affected by the vulnerability.

Coinbase’s XRP holdings were tallied as up 5.569 billion XRP on Sept. 8, but the increase reflects the identification of an existing Coinbase-linked account rather than new inflows, The Crypto Basic reported, citing XRPScan. According to XRPScan, the newly classified Coinbase address held about 5.5 billion XRP, lifting Coinbase’s recorded balance to 5.683 billion XRP and making it the third-largest XRP holder after Ripple and South Korean exchange Upbit. XRPScan said the tokens are more likely customer holdings than Coinbase’s own assets, and the outlet added the increase should not be viewed as investor deposits of XRP onto the exchange.

Periods when even medium- to long-term BTC investors sell at a loss have generally been good buying opportunities, according to a CryptoQuant analysis by contributor Crypto Dan. Crypto Dan said those periods have often coincided with the spent output profit ratio, or SOPR, falling below one and market interest hitting a low. Such opportunities tend to appear only once every few years, Crypto Dan added, and while the current phase is passing, BTC remains undervalued.

The altcoins Bankless co-founder David Hoffman bought after selling all of his ETH on May 21 have far outpaced ETH’s gains, BlockBeats reported. Hoffman bought VVV, NEAR, ZEC, HYPE and LIT at the time. The current returns are 288% for LIT, 121% for ZEC, 55% for HYPE, 55% for VVV and 33% for NEAR, versus about 17% for ETH over the same period.

Kaia announced the tally and reward claim results for "CR Mission 1 Epoch 1," a new contributor reward system that replaces the previous proposal reward, or PR, model. Of the monthly budget of 2.5 million KAIA, only 36,421 KAIA was paid out as rewards, and the remaining 2,463,579 KAIA is set to be burned. The burned tokens will not be included in circulating supply, with the first burn scheduled for November. Claims opened after on-chain settlement was completed on Sept. 7, and rewards are being distributed through a six-month linear unlock. Kaia said rewards are being provided to wallets that completed both KAIA staking and USDT deposits.

XRP was the only U.S. spot crypto ETF segment to post net inflows on Sept. 8, while Bitcoin, Ethereum, Solana, and Hyperliquid ETFs all recorded net outflows, according to CoinDesk. XRP ETFs drew about $2 million in net inflows.

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