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The spot CVD chart is an order book analysis chart for the BTC/USDT spot trading pair. The upper section shows the volume heatmap, while the lower section shows cumulative volume delta, or CVD. - The volume heatmap tracks trading volume by price range. The background becomes brighter when the price stays in a specific range for an extended period or moves sharply. Brighter zones may act as support or resistance levels. - The cumulative volume delta indicator shows buy and sell orders by order size. As buy orders increase, the line in the corresponding color moves higher. The yellow line represents orders between $100 and $1,000, while the brown line reflects large orders between $1 million and $10 million, among other categories.

Singapore’s largest bank DBS and Citi have completed 24/7 real-time cross-border U.S. dollar settlement using deposit tokens, Cointelegraph reported. According to DBS, the two banks successfully processed a U.S. dollar payment between Singapore and the U.S. over the weekend on Sept. 5 using a blockchain-based digital ledger from the Society for Worldwide Interbank Financial Telecommunication (SWIFT). Under the existing system, cross-border payments can take up to two business days.

Zhuoer Jiang, founder of mining pool BTC.top and a blockchain entrepreneur with Chinese roots, said on X that he took profit on a Bitcoin short opened at $82,050 and closed at $79,480, then reinvested the full proceeds into Ether spot. Jiang had previously said ETH was the main driver of the current bull market and could lead broader gains, while BTC could also rise alongside it. Jiang also said inflows were continuing, with a record $730 million in net inflows into crypto ETFs over the past three days, and added that the short position was intended only as a short-term trade. Jiang said BTC would likely struggle to break through the $83,000-$84,000 resistance zone in the near term.

The Bangko Sentral ng Pilipinas, or BSP, plans to suspend new applications for payment system operator licenses for 12 months while tightening rules for payment services tied to virtual asset service providers, Cointelegraph reported. The BSP recently released a draft review of its classification and licensing framework for payment system operators that includes the proposal. Applications filed before the suspension will continue to be reviewed, but no approvals or rejections will be issued until the 12-month pause ends. The draft also requires BSP-supervised institutions offering merchant payment services to VASPs to sign direct merchant agreements and apply risk-based controls including enhanced due diligence, monitoring, and transaction and settlement limits. The rules would apply to crypto firms that must obtain a license, registration, or approval from the BSP, the Philippine SEC, or other relevant authorities. If finalized, the rules will take effect 15 days after publication in the official gazette. The BSP is currently gathering feedback from the industry and related authorities.

Bitcoin’s sharp recent recovery has stalled near a sell wall around the key $83,000 resistance level, while the overall wallet cohort has shifted to net selling for the first time since early June, led in particular by whales, CoinDesk reported. According to Glassnode’s Accumulation Trend Score by wallet size, the overall wallet cohort is currently at 0.37. The indicator points to accumulation when it is closer to one and distribution when it is closer to zero. Wallets holding more than 1,000 BTC were identified as leading the selling. The shift follows roughly three months of active accumulation across most wallet cohorts last summer, when BTC was moving sideways in the $60,000 range. Meanwhile, BTC is also facing resistance at its 50-week moving average of $79,687. CoinDesk added that a golden cross, in which the 50-day moving average rises above the 200-day moving average, could occur as early as Sept. 8, leaving room for expectations of further gains. According to CoinMarketCap, BTC was trading at $79,319.55, down 0.71%, at the time of writing.

Bitcoin’s on-chain apparent demand, a metric used to gauge spot demand, has turned negative again as retail investors continue taking profits even as BTC rebounds, Crypto Briefing reported, citing CryptoQuant data. The outlet said the indicator improved in August and briefly moved back into positive territory, but turned negative again around Sept. 1 as retail profit-taking resumed. That suggests selling by existing BTC holders is outpacing fresh buying demand entering the market, while institutional demand has yet to show a clear recovery.

Upbit announced it will temporarily suspend deposits and withdrawals for WAVES-related digital assets until 9:00 a.m. UTC on Sept. 13 due to a WAVES network upgrade.

BitcoinTreasuries.net said Strive, a Bitcoin treasury accumulation company listed on Nasdaq under the ticker ASST, has overtaken Trump Media & Technology Group, listed on Nasdaq under DJT, in market capitalization. DJT’s market cap currently stands at about $2.507 billion, while ASST’s market value is $2.531 billion.

Stablecoins can depeg even when reserves are sufficient if hit by an intense negative market narrative, according to a research report from Renmin University of China’s Institute of Fintech published in the Journal of International Money and Finance. The report said it built a market model with heterogeneous investors using large language models, or LLMs, to analyze the stablecoin depegging process. It found that under low-intensity information shocks, arbitrage mechanisms maintained the peg, while once shock intensity crossed a threshold, negative investor intervention intensified and triggered a chain of fear, worsening liquidity, retail selling, and arbitrageurs pulling back. Under the highest level-five shock, the maximum price deviation widened by about 35 times versus scenarios below the threshold, the report said. The researchers called the chain reaction "cognitive depegging" and added that, beyond reserve-related doubts, sufficiently strong regulatory actions, technical or security incidents, key-person risk, and macroeconomic fear could produce similar outcomes.

Binance’s tokenized stock product bStocks has surpassed $30 billion in cumulative trading volume about three months after its June 11 launch, BlockBeats reported. As trading in the tokenized stock market has grown rapidly, Binance has been expanding its lineup of traditional finance-related products, including stocks and stock options, BlockBeats said.

XRP is nearing a golden cross on its daily chart, with the short-term moving average poised to rise above the long-term moving average, a move that may point to a bullish trend reversal rather than continued sideways trading, according to a U.Today analysis. U.Today said the 50-day moving average was moving toward a breakout above the 200-day moving average, which is typically viewed as a standard golden cross and a medium- to long-term bullish signal. The outlet said XRP was trading around $1.4 and remained above the 200-day moving average, adding that a period of consolidation often appears before a further advance. After that, the 200-day moving average could act as support and help lift the price further, U.Today said. If XRP holds above the 200-day moving average and the golden cross occurs, it could confirm a reversal of the downtrend that dominated most of this year, according to the outlet.

Bithumb announced it will temporarily suspend deposits and withdrawals of MultiversX (EGLD) starting at 10:00 a.m. UTC on Sept. 10 to support a network upgrade.

BitMEX co-founder Arthur Hayes has released the yellow paper for FLOP, a blockchain project for AI agents. FLOP uses a proof-of-inference mechanism designed to let AI agents pay miners in FLOP tokens for AI inference tasks. Under the model, an AI agent submits a request to the mempool containing a model weight hash, maximum latency, compute volume and fees, after which a miner performs the inference task and returns a proof. Validators then include it in a block to complete settlement. FLOP’s initial supply is about 2.48 billion tokens, all of which will be allocated to an airdrop. Initial rewards are set to be distributed as 75% for miners, 10% for validators, 10% for AI agents and 5% for general stakers.

If BTC falls below $78,869, about $348.98 million in long positions could be forcibly liquidated on major centralized exchanges, according to CoinGlass data. If BTC rises above $80,633, about $332.13 million in short positions could be liquidated.

Pulldotfun, the first launchpool partner of Based (BASED), announced a TAKO token airdrop for participants in the Based launchpool. TAKO tokens will also be allocated to BASED holders at a set ratio. Details including the size of the airdrop and how the launchpool will operate are due to be disclosed in the coming days.

UBS Group expects the U.S. Federal Reserve to raise its benchmark interest rate by 25 basis points in September and again in December.

Bitcoin liquidity is showing signs of improvement as the 30-day rate of change in realized cap turned positive after remaining in negative territory for 87 days, according to an analysis by on-chain analyst Axel Adler Jr. Adler said the metric crossed above zero on Aug. 24 and rose from +0.10% to +0.88% as of Sept. 6. Realized cap also increased to $1.068 trillion, up $9.36 billion over the past 30 days. Adler explained that realized cap continued to rise even as BTC recently fluctuated around $80,000, which he viewed as a sign that the prolonged capital contraction is reversing. Adler added that for Bitcoin’s recovery to continue, the 30-day rate of change in realized cap must remain positive and total realized cap must keep expanding. Realized cap is one of the most important indicators for assessing liquidity inflows and outflows, along with investor behavior and sentiment.

Major altcoin market indicators have broken out of declines lasting more than a year, signaling the market may be entering a bullish phase, cryptocurrency analyst Matthew Hyland said in an analysis on X. Hyland said TOTAL2, which tracks altcoin market capitalization, TOTAL3, which excludes BTC and ETH, and an altcoin market-cap gauge excluding the top 10 cryptocurrencies by market value have all moved above downtrends that had lasted for more than a year. If past patterns repeat, Hyland said, the market may be approaching a major altcoin bull run, with upside that could surpass the 2020-2021 cycle.

Ethereum may have room to rise to $2,722 if it holds support around $2,475, crypto trader Ali Martinez said on X. Martinez said around $2,475 is a key support zone where about 2.86 million ETH previously changed hands. If ETH stays above that level, Martinez said the token has relatively strong upside potential toward $2,722. He added that the $2,723-$2,822 range could cap or slow the rally, as more than 10 million ETH was traded in that zone and selling pressure may emerge.

The number of tokenized stock holders doubled in August, with 95% concentrated on the Robinhood Chain, BNB Chain and Solana, Cointelegraph reported, citing CryptoRank data.

Some users are facing difficulties recovering coins as DigitalX, the cryptocurrency exchange affiliated with Mirae Asset Group, exits its blockchain business, Seoul Economic Daily reported. Silicon Network, an Ethereum layer-two blockchain developed by Hydrow, a joint venture between DigitalX, formerly Korbit, and blockchain technology firm Ozys, will fully shut down on Dec. 31. Users have until year-end to move all assets stored on Silicon Network to external wallets after the service termination notice was posted today. The issue is that withdrawals from the Orbit Chain (ORC) staking deposit service operating on Silicon Network are blocked. Users claim the problem had persisted long before the decision to shut down Silicon Network. In related online communities, complaints have been raised since last year that staked ORC could not be recovered despite dozens of inquiries and no response. Based on the validator-by-validator staking amounts shown on the site, around 94.91 million ORC are currently deposited.

Bitcoin OG and BitForex founder Garrett Jin added a 7,000 ZEC short position worth $8.4 million, AmberCN reported. The move increased the total ZEC short position to 39,760 ZEC, or about $47 million.

SL Partners managing partner Shin Byung-jin, a lawyer and former official at South Korea’s Ministry of Economy and Finance tax bureau, said on a CoinNess YouTube program on 2027 taxation that the likelihood of another delay to virtual asset taxation, which is scheduled to take effect next year, has risen. Shin said that, based on recent developments, he personally sees the chances of a tax delay at 60% to 70%. On that basis, Shin added members of the tax subcommittee, which is likely to conduct the substantive review of the tax law revision, appear to be taking a cautious stance on taxation. Jung Sung-chul, an accountant at SL Partners who also joined the live broadcast, said he had seen the chances of the tax being implemented at more than 90% through the first half of this year, but now believes the odds of a delay have increased from that point. Even so, Jung said he still slightly favors implementation under the original plan, putting the odds at 55 to 45, while adding that there has recently been growing talk that the timing of taxation is premature.

A fairness debate is emerging over the gap in customer promotion rules applied to securities firms and crypto exchanges, Digital Daily reported. While securities firms offer a range of marketing incentives such as cash for customers opening non-face-to-face accounts or fee discounts, crypto exchanges must go through prior ad reviews, internal controls on providing economic benefits, and advance disclosure for perks above a certain size.

Solana-based decentralized exchange Raydium (RAY) said on X that it has expanded LaunchLab, its token launch platform, to let users create trading pairs using any token combination they want. Raydium launched LaunchLab in April last year as a platform that integrates tools needed for early-stage token launches, including token issuance and liquidity formation.