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Bitcoin has risen about 27% over the past month, fueling expectations for higher price targets, but the next pullback will be the real test, CoinDesk reported. Chris Sullivan, co-founder of crypto hedge fund Hyperion Decimus, said Bitcoin has become overbought after the recent rally and likely needs a correction to test the strength of the trend. Sullivan added that if the decline deepens, the $67,000-$70,000 range could act as support. Samir Kerbage, CIO of crypto asset manager Hashdex, said the $80,000-$90,000 range tends to have very little trading volume. Kerbage said a sideways move between $75,000 and $83,000 could help the market build a base, while a steady climb above $83,000 could open the way for a push toward $100,000.

The three major U.S. stock indices closed mixed today. - S&P 500: -0.28% - Nasdaq: -0.76% - Dow Jones: +0.26%

Zcash rose about 65% last week, but crypto analyst Crypto with Haris, who has 650,000 followers, warned ZEC is not Bitcoin and may have a fair value below $500. Crypto with Haris said the view may be unpopular, but ZEC’s real value could be under $500. The analyst pointed to a vulnerability discovered a few months ago that may have allowed counterfeit ZEC to be created. After an emergency upgrade, ZEC fell from $624 to $309 in 48 hours, the analyst said. The analyst added ZEC is now overheated, with its relative strength index above 85, its price well above the daily moving average, and a breakout above the upper Bollinger Band. Crypto with Haris also said a significant share of recent trading volume came from futures rather than spot trading, and cautioned against influencer claims that ZEC could rise to $2,000 or become a second Bitcoin.

Most financial institutions show a gap between crypto-related budgeting and actual deployment, according to a survey by crypto infrastructure firm Fireblocks. The survey of 638 financial institution executives found 88% to 89% had allocated budget to crypto infrastructure this year or planned to do so. Just 11% said they had deferred such spending to next year. However, only around one-sixth of institutions had actually built and operated the infrastructure, while most remained in the planning, pilot, or proof-of-concept stage. The media outlet said this shows the industry recognizes the importance of cryptocurrency but is still weighing how to put it to practical use.

Weekly cryptocurrency trading volume doubled in five days last week to reach $37 billion, according to The Block Data. The media outlet said the figure still remained well below the 12-month high of $105 billion recorded just after the crypto selloff began on Oct. 10 last year. On a monthly basis, August trading volume so far stands at $490 billion, down from $670 billion in July. The outlet noted, "주목할 점은 현물 ETF의 등장으로 이번 사이클은 과거처럼 암호화폐에 대한 투자 수요가 전부 중앙거래소(CEX)로 몰리지 않았다는 것이다." It added, "그러나 대다수의 알트코인 수요는 계속해 CEX로 유입될 가능성이 높다."

Coinbase announced it will suspend IOTX trading at 2:00 p.m. UTC on Sept. 23.

Stock token trading for U.S. equities has gone live on Base, Coinbase’s in-house Ethereum layer-two network, The Block reported. Eligible users outside the United States can hold or trade the stock tokens around the clock regardless of regular U.S. stock market hours, and can also use them for lending and borrowing. Coinbase issues the U.S. stocks as B20 tokens, with each token backed one-to-one by the underlying share held by a regulated custodian. Initial supported names include major U.S. companies such as Nvidia, Meta, Apple and Alphabet.

Strategy’s perpetual preferred stock STRC has risen above $97 for the first time in 11 weeks, BitcoinTreasuries reported. With $3 left before it reaches $100, Strategy could resume raising funds for additional BTC purchases if the stock hits that price.

U.S. Treasury Secretary Bessent said the move laid the groundwork for President Donald Trump’s goal of preventing Iran from obtaining nuclear weapons.

Crypto investment firm Multicoin Capital deposited 106,110 HYPE to Coinbase Prime, worth about $8.41 million, Onchain Lens reported. Such exchange deposits are typically viewed as intended for selling.

Strategy (MSTR) shares have risen more than 34% since the Aug. 18 close, The Crypto Basic reported. The value of the company’s 840,447 BTC holdings also increased by about $11.1 billion as Bitcoin prices recovered.

Coinbase will use Chainlink for U.S. stock tokens offered on Base, its in-house Ethereum layer-two network, Crypto Briefing reported. Chainlink will support the related services through stock-token data feed infrastructure already operating on Base, while Coinbase is stepping up efforts to expand its tokenized-asset ecosystem as it strengthens its oracle and interoperability infrastructure.

Bitcoin rose above $80,000 for the first time since May 4, Wu Blockchain said. Binance pricing data shows BTC briefly surpassed $80,000 to reach its highest level in about three months and was recently trading around $79,713. Bitcoin moved above $80,000 after a 112-day stretch below that level.

Crypto industry lobbying group the Crypto Council for Innovation has sued Illinois state authorities to block the planned implementation of a 0.2% cryptocurrency transaction tax, Cointelegraph reported. The tax is scheduled to take effect in January 2027 and would be levied based on transaction volume rather than an investor’s income or profit. In its complaint, the group argued the tax violates both the U.S. Constitution and the Illinois Constitution. It also said the measure could result in double taxation, is overly vague, and shifts unclear burdens onto residents and brokers while exposing them to potential civil and criminal penalties.

RWA yield platform Nuva announced the adoption of Chainlink Data Feeds as its sole oracle standard, a move aimed at building the reliable data infrastructure needed for institutional-grade real-world assets. Chainlink Data Feeds currently provide pricing data for Nuva Vaults operating on Ethereum and will also be applied across all blockchains where Nuva offers services in the future.

Coinbase announced the addition of Basecat (BASECAT) and Detrilifbot (DRB) for spot trading.

Global on-chain analyst ZachXBT said signs of data leaks had been detected at U.S. crypto investment platforms Bitcoin IRA and iTrustCapital. ZachXBT said the two platforms may have suffered data breach incidents this year, with potentially exposed information appearing to include user profiles, portfolio holdings, banking information, custodian information and verification status. There has been no official announcement from the companies.

Former Ethereum core developer Eric Connor has proposed ERC-8391, a standard aimed at providing an asset-state interface for tokenized stocks and real-world asset tokenization. Connor said tokenized stocks can trade on-chain 24 hours a day, while the New York Stock Exchange is open for only 32.5 hours a week. The issue, Connor said, is that smart contracts have difficulty distinguishing whether a price has not been updated simply because the market is closed, or because a price feed has stopped or a major event such as a corporate acquisition has occurred. Even when on-chain price data appears identical, the required response can differ completely depending on the situation, Connor said. ERC-8391 focuses on conveying market conditions that are difficult to identify through price data alone, according to Connor. He said the proposal would provide a common interface allowing smart contracts to check the market’s current phase, whether trading has been halted, whether valuation data remains valid, and when redemption is possible. Connor added the structure would have oracles deliver state information and tokens return it.

The address holding the largest long position in Ethereum on-chain has begun taking profits, BlockBeats reported. The address, linked to crypto options trading platform BIT, formerly Matrixport, sold 14,000 ETH about five minutes ago, worth roughly $34.15 million.

Digital infrastructure company Ionic Digital, which was launched after the bankruptcy of Celsius Mining, bought an additional 21 BTC, raising its holdings to 2,882 BTC, Crypto Briefing reported. The company has not sold any of the Bitcoin it has mined.

The Hyperliquid Policy Center urged the U.S. SEC and the CFTC to adopt a joint regulatory framework for perpetual futures in a paper released today, The Block reported. The center argued perpetual futures should be classified based on the contracts’ economic structure rather than by the underlying asset they track, such as Bitcoin, crude oil, or stocks. It added clearer standards could help bring the rapidly growing perpetuals market back to the United States.

Stand With Crypto, a U.S. cryptocurrency lobbying group with close ties to Coinbase, has formally endorsed 32 House candidates ahead of the U.S. midterm election, Crypto Briefing reported. It marks the largest batch of candidate endorsements the group has announced at one time so far. Additional endorsements for Senate candidates are expected ahead of the November general election. Stand With Crypto is using support for the CLARITY Act, a bill aimed at establishing a regulatory framework for cryptocurrencies, as a key screening standard to identify candidates for crypto-friendly voters. Although the bill did not clear the Senate, the group is still treating support for it as a core benchmark for deciding which candidates should receive the crypto industry's political backing and support.

According to CoinNess market monitoring, BTC has risen above $79,000. BTC is trading at $79,063.99 on the Binance USDT market.

According to CoinNess market monitoring, BTC has fallen below $78,000. BTC is trading at $77,986 on the Binance USDT market.

Gracy Chen, CEO of crypto exchange Bitget, said in an interview with Cointelegraph that Bitcoin’s recent gains are not sustainable and that Chen plans to buy more if BTC falls to around $50,000 in the second half of this year or early next year. Chen added that BTC’s recovery of the $79,000 level does not necessarily mean the bear market is over. Chen also said, "I am just a CEO of an exchange," and "not particularly good at price analysis." Chen said most of the personal portfolio is allocated to Bitcoin and the S&P 500, while altcoins such as Ethereum (ETH) and Solana (SOL) account for under 1%. Chen added a favorable view on Hyperliquid (HYPE), while stressing a dislike of memecoins and arguing that too many investors have lost money and that a memecoin frenzy like the previous one will not return.