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BitForex founder Garrett Jin, who has faced allegations of profiting from insider trading ahead of last October’s record forced-liquidation event, closed a 1,333 BTC long position worth $112 million that was opened three days ago, booking an $8.38 million profit, EmberCN reported. The entry price was $78,057 and the exit price was $84,455. Jin had also previously closed a ZEC short position and now has no open positions on Hyperliquid.

South Africa is moving to bring overseas remittances and transactions using cryptocurrency under foreign exchange rules, Bloomberg reported. If implemented, the proposal would subject sending crypto abroad or using it for cross-border transactions to restrictions similar to those applied to conventional foreign exchange dealings. Amid regulatory uncertainty, local crypto firms have put about $135 million worth of transactions on hold, according to the report.

Cointelegraph outlined four key themes to watch in the Bitcoin market this week. - Whether BTC can break above the $85.6K breakeven level for spot ETF investors - International oil prices fell below $94, with markets watching whether possible U.S.-Iran talks ease geopolitical tensions - Markets are monitoring the possibility of an additional U.S. benchmark interest rate hike this year - U.S. Treasury yields are trending lower, with attention on whether sentiment toward risk assets improves

Bitcoin analyst PlanB said this may be the last time BTC trades below $100,000. Sharing a heat map of Bitcoin’s historical monthly returns, PlanB pointed to the October column and said, "Uptober" is approaching. The attached heat map showed BTC has generally posted gains in October historically.

The European Central Bank has launched Pontes, a service that allows blockchain-based financial transactions to be settled in central bank money, Reuters reported. The service lets banks and investors settle blockchain transactions in ECB-backed euros instead of private money such as stablecoins. Deutsche Bank, Santander and Clearstream are participating as initial users.

Taiwanese singer Jeffrey Huang, better known as Machi Big Brother, recorded $7.15 million in unrealized profit over the past 24 hours, according to Lookonchain. Huang currently holds a long position of 39,950 ETH worth $84.79 million, a long position of 279 BTC worth $23.72 million, and a long position of 89,000 HYPE worth $8.48 million.

BTC rose above $84,000 after breaking through its 365-day moving average near $83,000, a price level the market has closely watched as a gauge of whether a bear market has ended, CryptoQuant CEO Ki Young Ju said. Ki added that if BTC holds above the line, institutional buying could follow the trend, making the market more interesting from here.

Russia currently has about 20 million cryptocurrency investors with total investment of 3.7 trillion rubles, according to Crypto Briefing. Russia’s Finance Ministry expects that number to keep rising quickly, with about 10 million more investors entering the market by 2027. If that increase materializes, the country’s virtual asset user base would expand to about 30 million.

Well-known crypto trader Killa said BTC’s next target could be the high-$80,000 range if it breaks above its recent short-term peak. Killa added that a sharp pullback below $80,000 could send BTC down to the low-$70,000 range, although that scenario appears less likely given current trading volume.

Major exchanges have seen $164 million worth of futures liquidated in the past hour. In the past 24 hours, $747 million worth of futures have been liquidated.

According to CoinNess market monitoring, BTC has risen above $85,000. BTC is trading at $85,227.9 on the Binance USDT market.

Binance announced the addition of ARB/U and ENA/USD1 spot trading pairs at 8:00 a.m. UTC on Sept. 22.

Bitcoin’s network hash rate is rising again after a recent decline, signaling a recovery in miner activity, Cointelegraph reported, citing CryptoQuant data. Hash rate is a measure of the total computing power devoted to Bitcoin mining.

More than half of global trading in yen-denominated stablecoin JPYC is taking place in South Korea after the token was listed on Upbit, Seoul Economic Daily reported. According to CoinMarketCap, JPYC trading volume on South Korean exchange Upbit accounted for 54.18% of global spot volume over the past 24 hours as of 12:15 a.m. UTC today. That means roughly one of every two JPYC trades worldwide took place in South Korea. The report said South Korea is becoming a liquidity venue for yen-based coins, following dollar stablecoins such as Tether (USDT), while regulatory formalization of won-denominated coins remains delayed.

Crypto investment firm Abraxas Capital has expanded its short position on Hyperliquid to $1.2 billion, according to Lookonchain. The position’s unrealized loss has now exceeded $100 million.

According to CoinNess market monitoring, BTC has risen above $84,000. BTC is trading at $84,030.96 on the Binance USDT market.

A total of $65.6 million in short positions was liquidated on Hyperliquid as BTC briefly surged to $83,000, according to TradingBits monitoring. In particular, an anonymous whale address starting with 0xec0b saw its 122.88 BTC short position fully liquidated in two rounds. The liquidation totaled about $10.165 million, marking the largest liquidation on the platform.

South Korean exchange Bithumb announced it will temporarily suspend S deposits and withdrawals starting at 11:00 a.m. UTC today to support the Sonic (S) network upgrade.

AI social engine infrastructure provider X-Agent has released its latest white paper, outlining its product structure, Model Context Protocol ecosystem, business model and XAGT token use cases. X-Agent is building an ecosystem that lets users create AI agents through natural language alone, with memory, skills, API access and wallet connectivity, then connect those agents to deployment, payments and monetization. Developers can offer APIs, data and specialized services as MCP functions and earn revenue through per-call fees, subscriptions and transaction commissions. According to the project, the XAGT token is used for secure execution environment computing costs, LLM and API calls, agent transaction payments and MCP service fees, with future use cases set to expand to staking, multi-agent settlement and governance. The project added that it currently has 1 million registered users, more than 1.1 million cumulative autonomous tasks and over 84 billion LLM tokens used.

KB Kookmin Card said on Sept. 21 it joined Mastercard’s Global Asset Collaboration Program, or CPP, and plans to conduct technical verification with Mastercard on building stablecoin payment infrastructure, ZDNet Korea reported. The company will test payment technologies including linking its KB Pay service with the blockchain wallet of global crypto exchange Coinbase to enable approval, settlement, cancellations and refunds in stablecoins.

Major exchanges have seen $254 million worth of futures liquidated in the past hour. In the past 24 hours, $583 million worth of futures have been liquidated.

BTC has risen by 1.57% in the past five minutes on the Binance USDT market. Currently, BTC is trading at $83,971.96.

According to CoinNess market monitoring, BTC has risen above $83,000. BTC is trading at $83,178.51 on the Binance USDT market.

According to CoinGlass data, if BTC falls below $80,435, about $679.56 million in long positions could be liquidated across major centralized exchanges. If BTC rises above $82,899, about $568.25 million in short positions could be liquidated.

The Coinbase BTC premium index briefly turned positive before falling back to around -0.02, suggesting there is still no clear sign that U.S. spot demand is supporting Bitcoin’s rebound, according to a CryptoQuant analysis by contributor Trader_Gemini. Bitcoin has recovered to around $81,500, but the current premium reading is only slightly negative and cannot be seen as a direct bearish signal, Trader_Gemini said. The analyst added that whether the premium turns positive again and then holds or expands will be a key indicator for judging whether BTC’s recovery can continue.