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James Ding Sep 09, 2025 10:16 Bitcoin’s price hovers around short-term holder cost basis, displaying fragile stabilization as cautious sentiment prevails in the market, according to Glassnode’s latest analysis. Bitcoin has recently settled around the short-term holder cost basis, yet the stabilization of its market remains fragile, according to Glassnode’s latest analysis. Despite some positive signs, the prevailing cautious sentiment continues to dominate the market landscape. Market Overview Over the past week, Bitcoin’s trading price has oscillated around the $111k mark, surpassing the cost basis for short-term holders. Momentum in the spot market…

Key takeaways:The Rex-Osprey DOGE ETF is expected to launch this week.A classic chart pattern hints at $0.50 DOGE price rally, with a $1.40-$3.65 longer-term target.Dogecoin (DOGE) price traded at $0.24 on Tuesday, up 20% from its local low of $0.2047 reached on Sept. 1. This recovery is fueled by increasing optimism around the possible launch of the first Dogecoin ETF in the US this week. Will this be the catalyst for DOGE price to finally break $1?First Dogecoin ETF is coming?This week could mark a historic moment for Dogecoin as the Rex-Osprey DOGE exchange-traded fund (ETF) under the ticker $DOJE,…

On Friday, the U.S. Senate Banking Committee released its latest draft of the CLARITY Act (CLARITY), in which it proposes an amendment to 18 U.S. Code § 1960(a) stipulates that only crypto developers or providers that “knowingly exercise control over currency, funds, or other value that substitutes for currency” be treated as money transmitting businesses. The first page of the Senate Banking Committee’s latest version of CLARITY. What is more, this amendment would not only protect Bitcoin and crypto developers in the wake of a bill with this language included in its passing, but it would also protect said developers…

Bitcoin (BTC) has entered a volatile phase after major whale wallets unloaded more than 115,000 BTC in August, marking the largest distribution event in over two years. On-chain data highlights a shift in market dynamics, with traders questioning whether this signals the start of a deeper correction or just another wave of consolidation. Whale Distribution Hits $12.7 Billion in August According to CryptoQuant, large holders controlling between 1,000 and 10,000 BTC sold between 112,000 and 115,000 BTC in August. Valued at roughly $12.7 billion, this represents the heaviest month of whale selling since July 2022. The same cohort of whales…

This is a daily analysis by CoinDesk analyst and Chartered Market Technician Omkar Godbole.The key story Tuesday morning centers around BTC/USD — representing bitcoin’s dollar-denominated price — and the Binance-listed dogecoin-bitcoin (DOGE/BTC) pair, both racing to secure bullish inverse head and shoulders breakouts on their hourly charts.A confirmed breakout in bitcoin could set the stage for a re-test of the $120,000 level, a scenario discussed on Monday. Likewise, a potential breakout in DOGE/BTC could signal notable outperformance for dogecoin ahead.BTC/USD and DOGE/BTC hourly charts show bullish inverse head and shoulder patterns. (TradingView/CoinDesk) But the key question remains: will these breakouts…

(Reuters) -U.S. stock index futures were subdued on Tuesday after the major indexes posted near-record closing highs in the previous session and investors remained cautious ahead of an impending employment rate revision. A preliminary estimate of the nonfarm payrolls benchmark published by the Bureau of Labor Statistics is due at 10 a.m. ET, with economists predicting that the level of U.S. employment for the 12 months through March could be slashed by as much as a million jobs. U.S. job numbers have given investors and the U.S. Federal Reserve cause for concern, with nonfarm payroll data for July and August…

The markets were flat ahead of this week’s data and today’s employment benchmark revisions. The report comes Wednesday, followed by on Thursday. In addition, there will be , , and Treasury auctions this week, setting up significant settlement dates next week. As of now, September 15 is set to settle for $78 billion. (I previously misread the Job report revisions; the -598k was for 2024, not the estimate.) SOFR rose to 4.42%, which is a relatively high level for this time of the month and signals a lack of liquidity in the funding markets. So far, the Standing Repo Facility…

SINGAPORE, Sept. 8, 2025 /PRNewswire/ — The9 Limited (Nasdaq: NCTY) today announced that the9bit, its innovative Web3.5 GameFi platform, has surpassed 2 million users since its August 2025 launch. This milestone, driven by recent events like Coinfest Asia 2025, highlights the platform’s ability to bridging Web2 gaming with Web3 rewards (Web3.5), turning everyday player actions into real value. In just over a month, the9bit doubled its user base to 2 million milestone, fueled largely by its strong appeal among Southeast Asian gamers. The platform’s unique “Spaces”, incentivizes users for purchasing and playing games including AAA IP console games and mobile…

Ripple’s U.S. dollar stablecoin, RLUSD, has just had another big contraction in supply after more than 2.71 million tokens were permanently burned at the treasury. The tracker shows that RLUSD was transferred to a null address on Ethereum on Sept. 9, which is the biggest single burn since late August.This latest event follows a series of million-sized burns executed by Ripple in the past two weeks, including transactions of 1,000,000 RLUSD each on Sept. 3 and another identical burn on Aug. 29. The sequence has taken out almost six million tokens from circulation in just under two weeks. You Might Also…

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