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Crypto trader Ali Martinez said ETH could rise to $3,000 if it breaks above its current triangle consolidation pattern. Martinez said ETH previously surged 31% in three days after breaking out of a similar triangle pattern, and added that further gains could follow if the pattern repeats.

More than 90% of Brazil’s local crypto firms could be pushed out of the market under new capital rules from the country’s central bank, CoinPost reported. Brazil is estimated to have 200 to 300 virtual asset service providers, or VASPs, but only 20 to 25 are expected to meet the regulatory requirements and apply for licenses. Of those, only around 10 are expected to ultimately receive approval. Depending on the type of business, firms must secure as much as 37.2 million reais ($7.2 million) in equity capital, and the license application process will begin on Oct. 30.

Mexican authorities uncovered a clandestine cryptocurrency mining site in a mountainous area of Puebla state and are investigating possible money laundering and electricity theft, The Block reported, citing Reuters. Authorities seized around 300 GPUs, along with transformers and satellite internet antennas, at the site. Investigators are examining whether the mined cryptocurrency was used to conceal criminal proceeds and whether electricity from a nearby hydroelectric plant was used illegally.

Sixty-seven percent of wealth managers still have not added cryptocurrency to client investment portfolios, Cointelegraph reported, citing Bitwise Research.

Solana-based dapps generated about $5.14 million in daily revenue, or 16.9 times Base’s $304,000, Crypto Briefing reported, citing DefiLlama data. The figure excludes network fees and tracks fees earned by applications such as decentralized exchanges, token launchpads, and trading platforms. Solana’s monthly dapp revenue rose about 57% from $91 million in May to $143 million in August.

Bloomberg Intelligence senior commodity strategist Mike McGlone reiterated that BTC could fall to $10,000. In a post on X, McGlone said BTC recently faced resistance at $80,000, about 70 basis points of Federal Reserve rate hikes are priced in over the next year, and the S&P 500 remains excessively elevated relative to its 200-week moving average. McGlone added that if the S&P 500 falls about 20% and the downturn persists, BTC’s losses could widen significantly. McGlone had also said in June that BTC could decline to $10,000 over the long term.

Securitize President Brett Redfearn said the industry has yet to find a solution for determining who can exercise voting rights when stock tokens are transferred to wallets that have not completed know-your-customer checks. Redfearn added that if issuers can no longer identify shareholders, a gap in corporate governance could emerge, and stock tokens issued without corporate consent also pose problems.

Bitcoin has entered a stretch of about 365 days without setting a new all-time high, but the time from one cycle peak to the next record high has continued to shrink, crypto analyst Darkfost said. Darkfost said the interval shortened to 1,180 days in 2014-2017, 1,094 days in 2017-2020, and 849 days in 2021-2024. If that trend continues, Bitcoin could break to a new all-time high faster than expected in this cycle, Darkfost said.

Cardano founder Charles Hoskinson said the spread of AI coding tools has made developer headcount a less meaningful metric for assessing growth in blockchain ecosystems. In a recent broadcast, Hoskinson said AI now enables people without technical knowledge or experience to operate like developers, and stressed that substantive results such as actual paying users and projects that have secured external investment should carry more weight than simple developer tallies.

Japan-listed BTC treasury company Metaplanet has reduced the size of stock options for executives to 41% of the original plan and withdrawn a separate employee warrant plan after shareholder backlash, Cointelegraph reported. Some Metaplanet shareholders had previously urged the company to cancel newly added options equivalent to 273 million shares during the revision process and to disclose the related decision-making process more transparently, arguing existing shareholders could face continued dilution.

U.S. Senate Democratic Leader Chuck Schumer is set to convene Democratic senators this evening to discuss the CLARITY Act, Politico reported. The Senate is scheduled to hold a key procedural vote on the bill on Sept. 15. Democratic lawmakers have spent months working on amendments to the legislation, but major unresolved issues remain, according to the outlet.

USDG has fallen by 4.74% in the past five minutes on the COINNESS market. Currently, USDG is trading at $1.

USDG has risen by 4.71% in the past five minutes on the COINNESS market. Currently, USDG is trading at $1.05.

We provide real-time cryptocurrency investment updates around the clock from 10:00 p.m. UTC on Sunday through 3:00 p.m. UTC on Saturday. Between 3:00 p.m. UTC on Saturday and 10:00 p.m. UTC on Sunday, investment updates are limited to major market-moving developments. Note: Overseas economic breaking news remains available continuously on the CoinNess Live app and CoinNess web service.

Tom Lee, chairman of Ethereum accumulation firm DAT Bitmine (BMNR), said the crypto market looks "really bullish" over the next 12 months, CoinDesk reported. Lee said much of the excessive leverage was flushed out in October last year and added that the crypto market’s four-year cycle is also expected to bottom next month.

Crypto trader Killa said Bitcoin’s recent short-term rangebound trading and volatility reflect a pattern in which the market repeatedly liquidates long positions below prior lows. Killa said the purpose of the move is to reduce market leverage and gradually weaken long-position investors’ conviction in further upside. In that context, Killa outlined a scenario in which the market repeatedly breaks below lows, prompting investors to expect further declines each time, before the final low forms a local bottom and the price climbs back toward previous highs. Killa described the process as one that makes the winning side’s position as uncomfortable as possible.

Bitcoin open interest fell by 13,600 BTC over the past 24 hours while price volatility remained limited during the same period, on-chain analyst Axel Adler Jr. said. Adler said the drop in OI without a decline in price indicates active leverage reduction in the market, and added that such deleveraging lowers the risk of cascading liquidations.

Yi Lihua, founder of Chinese venture capital firm LD Capital, outlined three investment opportunities to watch over the next three years in a post on X. - BTC and ETH spot: Yi said the assets offer the potential for roughly fourfold returns, while active swing trading alongside spot holdings could target returns of up to 10 times. - Trading infrastructure: Yi said opportunities at the 100-fold level still remain, adding that trading is ultimately the core source of demand for blockchain. - On-chain IPOs: Referring to the IPO concept defined by CZ, Yi said putting stocks and IPOs on blockchain networks could bring the emergence of new high-quality assets, while the era of white paper-based tokens is effectively coming to an end.

Institutional decentralized lending protocol Clearpool has unveiled a governance proposal to migrate its credit infrastructure to the XRP Ledger, Crypto Briefing reported. If approved, the plan would involve a large-scale migration of the full protocol from its existing infrastructure. Under the proposal, existing CPOOL tokens would be exchanged for new CLEAR tokens on a one-to-one basis. CLEAR would have an initial total supply of 1.125 billion tokens, with the long-term supply set to expand to as many as 1.428 billion tokens. Existing CPOOL holders would be allocated 70% of the total supply. Ripple would also join a new credit fund as an LP, and the fund plans to provide loans to fintech companies through RLUSD-based institutional lending products. Cicada Partners would handle credit risk assessments and borrower sourcing. Clearpool said it plans to use 50% of protocol fees for open-market CLEAR token buybacks and permanent burns to offset concerns over token inflation.

The number of holders of tokenized stock assets has risen 619.1% over the past 90 days to more than 3.6 million, according to Token Terminal data. By chain, BNB Chain had the largest holder base at 1.5 million, followed by Robinhood Chain at 1.2 million and Solana at 647,500. A CoinNess analysis said the rapid growth of the tokenized stock market is making access to channels that can secure real users a key competitive battleground.

Alameda Research and FTX wallets unstaked 202,710 SOL worth about $20.62 million and transferred the tokens to a bankruptcy estate wallet, according to Onchain Lens.

Robinhood Chain’s network revenue has been declining since reaching $5.54 million on Sept. 4, and daily revenue fell to $841,178 as of Sept. 11, staying below $1 million for a third straight day, according to DeFiLlama data. That marks an 85% drop from the peak. Despite weaker profitability, 24-hour DEX trading volume held at about $2.498 billion.

Bitcoin market sentiment had entered its strongest bullish phase in two years since March 2024, according to a CoinNess analysis of CryptoQuant data. A composite sentiment index based on major fear-and-greed indicators at one point reached 89, putting the market in a state of extreme greed. The index moves between -100 and +100, and past cases show such extreme readings have acted as signals of major market pivot points. After passing through a euphoric phase, Bitcoin is now battling to hold current price levels as sentiment indicators ease back toward a normal range. With the market having shifted out of a bear market and into a bullish trend, volatility in sentiment gauges is likely to be a key variable for short-term direction.

Fintech firm Revolut is suspected of disclosing some users’ personally identifiable information after being deceived by a forged government data request, according to on-chain investigator ZachXBT. ZachXBT said the attacker impersonated an official government email domain to request customer information, and Revolut provided the data after trusting the email authentication details. The exposed data is said to have included names, addresses, copies of identification documents, Bitcoin transaction records, and account statements, while facial biometric data was excluded. ZachXBT analyzed the incident as mainly targeting high-net-worth cryptocurrency holders. Revolut sent affected users security alerts and urged users to verify suspicious inquiries through official in-app channels.

Former Huobi founder Li Lin sold The Holme, a mansion in London’s Regent’s Park, for about 190 million pounds ($253 million), the Financial Times reported. Li bought the property for 139 million pounds in 2024 and had held it for about two years. The sale is estimated to have generated a paper gain of about 51 million pounds ($68 million). The Holme, which has 40 bedrooms and a four-acre garden, had an undisclosed seller, but on-chain and fund-tracing results confirmed Li as the beneficial owner. Li sold a stake in Huobi in 2022 and now runs Hong Kong family office Avenir Group. Li also remains the largest shareholder in crypto asset manager Bitfire Group with a 30% stake, continuing large-scale digital asset investments.