Latest Crypto News | Bitcoin, Ethereum and Altcoin Updates

On September 2, on-chain monitoring recorded a massive Ethereum transfer when two unidentified ETH wallets received a combined 185,000 ETH (approx. $7.98 billion). The first address, 0x9f1, pulled in 175,000 ETH (~$7.54 billion), and the second, 0x7d9, received 10,000 ETH (~$43.1 million). Both on-chain Ethereum transfers are publicly verifiable and draw attention for liquidity and risk management. No owners have been identified behind these ETH transfers. Traders often watch for similar Ethereum wallet movements to gauge market liquidity. While past large Ethereum transfers have triggered short-term volatility, they rarely indicate clear long-term trends. Overall, this transfer is considered neutral for the broader market.

XRP price shows early signs of stabilization after forming a spinning bottom at the $2.70 support zone and trading above its 100-day moving average. A daily close above $3.00 on increased volume would confirm a rebound toward $3.10–$3.30, while failure to hold $2.70 risks a drop to the 200-day MA near $2.50. Solana (SOL) is trading above $200 after sustained accumulation, signaling renewed investor interest, though further gains depend on continued buying pressure. Bitcoin (BTC) faces a difficult reversal: trading near $109,000 below its short- and midterm EMAs, with the next key support at the 200-day EMA around $104,000. Weak momentum and lack of nearby support suggest limited upside for BTC in the near term. Traders should monitor daily closes, volume trends, and moving averages to gauge confirmation of these technical setups.

Metaplanet has raised its Bitcoin holdings to 20,000 BTC after a $112 million market purchase. This latest acquisition follows earlier buys totaling 18,991 BTC, marking a continuing institutional accumulation strategy. By reaching the 20,000 BTC milestone, Metaplanet cements its position among top corporate Bitcoin holders and reflects sustained institutional confidence in BTC. The expanded holdings illustrate broader corporate balance-sheet diversification into digital assets. Continued on-chain accumulation may reduce available supply and support price levels, positively influencing market sentiment and trading dynamics for crypto traders.

Trader James Wynn has re-entered the market by opening a new ETH long position with 25x leverage, according to Onchain Lens. The ETH long position signals a strong bullish stance, as deploying 25x leverage amplifies potential gains and risks. Onchain Lens data shows Wynn’s move underscores growing confidence in Ethereum amid current market dynamics. This development may heighten short-term volatility, attracting margin traders to monitor ETH price fluctuations closely.

Sky Protocol has deployed a total of 6.9M USDS in its ongoing token buyback program, repurchasing over 93M SKY tokens. In August alone, the protocol used 5.5M USDS to buy 73M SKY, and last week allocated another 1.4M USDS for 20.06M SKY. This token buyback has burned nearly 75M USDS worth of SKY tokens since launch. Sky Protocol’s initiative reduces circulating supply to strengthen market stability and boost trader confidence. Crypto traders should monitor on-chain metrics, supply contraction, and key moving averages for potential entry points. Historical data shows that token buybacks often trigger short-term price rallies and enhance long-term market fundamentals.

The recent Bitcoin price surge lifted BTC above $109,000 on the Binance USDT market, driven by increased institutional adoption, macroeconomic hedge demand, ongoing network upgrades and the supply-reducing effects of the halving cycle. This Bitcoin price surge broke a key resistance level, signaling robust buying pressure and renewed bullish sentiment that could fuel further inflows. However, the rally also brings heightened volatility and profit-taking risks. Traders are advised to diversify portfolios, set clear entry and exit points, practice strict risk management and invest only what they can afford to lose. While the long-term outlook remains positive—supported by finite supply, growing institutional credibility, regulatory clarity and technological upgrades—short-term corrections driven by global economic shifts are possible.

Experts are shifting focus from Ripple (XRP) to alternatives with higher growth potential in 2025. Chainlink (LINK) and VeChain (VET) remain reliable picks due to strong ecosystems. A newcomer, Layer Brett (LBRETT), is gaining attention as an Ethereum Layer 2 memecoin. At a presale price of $0.0053, Layer Brett offers low fees, fast transactions, and staking rewards with high APYs. Its ERC-20 design blends meme culture with DeFi utility. With a fixed supply and transparent tokenomics, Layer Brett could deliver significant upside in the next bull run. Traders may balance steady gains from LINK and VET with the high-risk, high-reward profile of Layer Brett presale tokens. This mix allows portfolios to capture both security and potential 100x returns on Layer 2 altcoins.

Sonic Labs has initiated its U.S. expansion by establishing Sonic USA LLC, a New York office, and hiring a local team. The move aims to attract institutional investors through regulatory-compliant products. Sonic Labs allocated $50 million for ETFs and ETPs, and launched a $100 million Nasdaq PIPE program. It also reserved 150 million S tokens to fund U.S. operations. The new fee model combines rewards and burns to offset token dilution. FeeM transactions allocate 90% to builders, 5% to validators, and 5% are burned. Non-FeeM trades burn 50% and reward 50% to validators. If trading volume increases, token burns could neutralize new issuance. S token trades near $0.32 with a $1 billion market cap, down from its January peak above $1. Execution and market adoption will determine whether Sonic Labs stabilizes demand for its S token.

XRP price shows signs of recovery after breaking out of a symmetrical triangle and testing support at $2.70. A spinning bottom candlestick reversal pattern has formed near its 100-day moving average, indicating buyer interest. Key resistance levels lie at $2.95–$3.00 and then $3.10, with a bullish breakout above $3.00 needed to target $3.25–$3.30. On the downside, a drop below $2.70 could send XRP toward its 200-day moving average at $2.50. Solana (SOL) has held above the critical $200 threshold, trading near $200 with support from key moving averages. Its consistent uptrend since June and recent breach of $200 suggest renewed accumulation, potentially positioning SOL as an alternative to Ethereum. Bitcoin (BTC) faces one of its toughest reversal attempts after falling from $120,000 to around $109,000. BTC is trading below its 50-day EMA, with the next support at the 200-day EMA near $104,000. Weak momentum indicators and lack of solid support zones point to continued downside risks for BTC in the near term. Overall, mixed signals across these major cryptocurrencies signal potential short-term volatility and cautious trading until clear breakouts or breakdowns emerge.

On September 2, crypto entrepreneur Andrew Tate suffered a liquidation event when his WLFI long position was liquidated, incurring a loss of $67,600. According to Onchain Lens, the position was forcefully closed under margin call conditions. Undeterred, Tate immediately reopened a new WLFI trade using 3x leverage on the same token. The rapid sequence highlights high-risk margin trading and the token’s volatility. Traders should note that WLFI’s price swings can trigger liquidations, especially under leveraged positions. Monitoring positions with risk management tools and adjusting leverage is crucial in volatile markets.

World Liberty, the Trump-backed finance platform, has minted hundreds of millions in its USD1 stablecoin and launched a TWAP (time-weighted average price) service on Ethereum and Solana. World Liberty claims to be a major on-chain liquidity provider. This shift could challenge traditional centralized exchanges. However, analysts warn that World Liberty’s control over large USD1 reserves may steer funding into Trump-family-related memecoins and new crypto sectors. In the short term, traders benefit from increased liquidity and market activity. In the long run, centralization risk may erode asset ownership and transaction privacy for DeFi users. Market observers anticipate that regulators could formalize World Liberty’s dominant role in late 2025 or early 2026, bolstering its on-chain influence instead of curbing it. Investors are advised to exploit the current liquidity window but remain cautious of concentration risk. Historical parallels with centralized stablecoin issuers suggest that central control can lead to sudden policy shifts and transparency concerns. The rise of USD1 and the TWAP service marks a pivotal moment in crypto liquidity dynamics, with significant implications for memecoin cycles, on-chain capital markets, and AI-driven projects.

Glassnode on-chain analytics reveal that Bitcoin long-term holders (LTHs) accelerated spending this week, culminating in a single-day transfer of 97,000 BTC (approximately $10.6 billion) on Friday—the largest outflow by the LTH cohort in 2025. The 14-day simple moving average of LTH spending rose sharply after Bitcoin’s price dipped toward $107,000 before rebounding to about $109,500. Breakdown by holding duration shows 1–2-year holders led with 34,500 BTC, while 6–12-month and 3–5-year segments each contributed around 16,000 BTC. Although overall LTH activity remains below late-2024 levels, this surge underscores profit-taking behavior that could signal a winding down of the current bull run.

Japan Post Bank announced plans to launch a regulated tokenized asset network by 2026. The platform aims to support the issuance, trading and settlement of tokenized securities, bonds and other digital assets on blockchain infrastructure. By leveraging strategic partnerships and aligning with Japan’s financial regulations, the network will streamline settlement processes, enhance market access for institutional and retail investors, and foster innovation in digital finance. The initiative reflects Japan Post Bank’s commitment to modernizing financial services and advancing blockchain adoption in the Japanese financial sector.

Cardano price is holding key Fibonacci support at $0.85 while consolidating near $0.81. A decisive close above $0.94 would confirm a bullish wedge breakout and open targets at $1.32 and $1.80. Cardano price traders should note the descending-wedge pattern and oversold Stoch RSI reading around 3.14, both signaling potential upside. ETF optimism is rising after Grayscale’s amended S-1 filing lifted approval odds to roughly 87%, suggesting increased institutional demand for ADA. Short-term entries could be considered near $0.79–$0.81 with stops below $0.75. A confirmed break above $0.94, supported by volume, would mark a clear trigger for a rally toward the $1.32 and $1.80 levels. Traders should combine technical signals with risk management and monitor SEC developments for further catalysts.

An individual solo Bitcoin miner achieved rare wins by solving block #910,440 on August 29 and block #912,632 on September 1 (at 02:48 UTC). They claimed 3.137 BTC (~$360,000) and 3.1 BTC (~$340,000) in full block rewards (including fees). These feats came despite Bitcoin’s record-high mining difficulty of 129.44 TH and global hash rates. With about 9 PH/s of hash power, the miner faced odds of roughly 1 in 800 per day. Each block contained over 4,900 transactions, showing rising network activity. Solo Bitcoin mining offers decentralization and the full reward, but remains a high-risk, low-probability strategy compared with pooled mining’s steady, fee-deducted payouts. Traders should watch for increased demand for mining hardware and services, though direct impact on BTC prices is likely neutral.

Revolut stock sale allows employees to trade their shares in a secondary offering at a $75 billion valuation. This move provides crucial employee liquidity and highlights strong investor confidence in the London-based neobank. The Revolut stock sale underscores the neobank valuation and its success in combining traditional banking with crypto trading. Within the Revolut app, users can buy and sell major cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH). The platform also offers access to crypto-related stocks, expanding investment options. By unlocking liquidity for staff, the sale boosts talent retention and validates Revolut’s dual model of traditional banking and digital asset services. However, the company faces regulatory scrutiny and fierce competition in both banking and digital asset markets. Traders should watch for how Revolut leverages this valuation to launch new products and enter emerging markets. Overall, the Revolut stock sale at a $75B valuation reinforces its position as a leading fintech innovator. Market participants may view this as a bullish signal for neobank stocks and crypto trading platforms.

Deutsche Bank added $47 million of MicroStrategy stock in Q2, bringing its stake to 658,725 shares valued at over $220 million. This move provides indirect Bitcoin exposure through MicroStrategy’s substantial BTC holdings. By choosing MSTR shares, Deutsche Bank avoids crypto custody and regulatory challenges. The purchase highlights growing institutional confidence in MicroStrategy’s Bitcoin-focused strategy and underscores a broader trend of banks using crypto equities for digital asset exposure. Traders seeking Bitcoin exposure should watch for increased liquidity, potential correlations between Bitcoin and stock markets, and forthcoming institutional disclosures and regulatory developments.

LayerX AI, a Tokyo-based startup, closed a $100 million Series B round led by Technology Cross Ventures. The funding marks TCV’s first investment in a Japanese firm, valuing LayerX among the top Japanese startups at seven years. Founded by Yoshinori Fukushima in 2018, LayerX AI targets back-office inefficiencies in finance, tax, procurement, and HR. The company’s flagship Bakuraku platform serves over 15,000 clients with AI-driven expense and invoice automation. LayerX AI also offers Alterna, a digital securities platform, and Ai Workforce, a generative AI data solution. With ARR set to reach $68 million and a goal of $680 million by 2030, LayerX aims to expand its team to 1,000 by 2028. Competition includes Money Forward, freee, SAP Concur, and Brex. The new capital will boost AI agent and BPO services, reinforcing LayerX AI’s leadership in enterprise AI automation.

Cardano’s ADA price rallied 40% in Q3, climbing from $0.57 to a peak of $0.96, yet core on-chain metrics remain stagnant. Daily active addresses plunged nearly 100%, and TVL has halved from its $721 million high. This divergence, coupled with derivatives volatility—open interest spiked to $1.87 billion in mid-August before retreating—keeps ADA trapped below key resistance levels. Cardano’s unique Ouroboros protocol and Plutus language complicate integration with Chainlink oracles, leading to higher development costs and delays. Founder Charles Hoskinson highlighted Chainlink’s steep integration fees, leaving DeFi projects short of reliable price feeds. Meanwhile, Ethereum leveraged Chainlink data to add almost $10 billion TVL in August, widening the gap with Cardano. For Cardano to sustain momentum into Q4, a streamlined Chainlink integration is critical to boosting on-chain activity and DeFi growth.

Chainlink integration is poised to address Cardano’s on-chain slump after a 40% rally in Q3. Despite ADA’s price surge from $0.57 to $0.96, Daily Active Addresses and TVL fell sharply. TVL dropped to half its $721 million peak, revealing limited DeFi traction. On-chain metrics show that speculative derivatives flows, with Open Interest exceeding $1.8 billion on August 18, drove price action more than organic usage. Chainlink integration offers reliable oracle data for price feeds and external inputs. However, Cardano’s Plutus architecture requires custom adapters, raising development costs and delaying new DeFi launches. Charles Hoskinson highlighted commercial terms as a key hurdle. Once live, Chainlink integration could reduce bespoke oracle expenses, accelerate protocol launches, and attract liquidity. Competing ecosystems saw nearly $10 billion in TVL inflows in August after integrating Chainlink. Traders should watch on-chain metrics and integration milestones. In the short term, resolution of oracle bottlenecks may stabilize activity. In the long term, successful Chainlink integration could drive durable ADA DeFi growth and TVL recovery.

A new Discord scam known as “Try My Game” has infected crypto communities with Trojan malware, resulting in at least $170K in crypto and NFT losses. Attackers impersonate trusted members, share malicious links or servers, then steal wallet keys once victims download the malware. High-profile victims include NFT artist Princess Hypio. Security experts warn this Discord scam relies on social engineering, not code flaws, and is spreading to gaming and job-seeking forums. To protect assets, traders should verify invites off-platform, avoid unknown servers, isolate hot wallets, update software, and never install untrusted files. If compromised, disconnect devices, transfer funds to secure wallets, reset credentials on clean hardware, and report the incident to platform safety teams.

UK fintech Revolut has opened a secondary market for a Revolut share sale, allowing employees to sell up to 20% of their holdings at a $75B valuation. The latest Revolut share sale values each share at $1,381.06, surpassing last year’s $45B valuation in a similar secondary issuance. According to an internal memo, both new and existing investors have fully subscribed to the offering, demonstrating strong demand. The employee liquidity program is part of Revolut’s ongoing commitment to provide staff with cash-out opportunities. A company spokesperson emphasized that the transaction remains confidential until completion. This move underscores a bullish sentiment in private fintech valuation and could set a benchmark for other startups seeking employee liquidity in the secondary market.

World Liberty Financial (WLFI), a DeFi platform backed by former President Donald Trump, has launched its native WLFI token. Trading began on Monday with WLFI hitting a high of $0.33 and a low of $0.23 before settling around $0.24, marking a 12% decline from its peak. Initially, 24.7 billion of the 100 billion tokens—created last October—were unlocked following a governance vote, including 7.8 billion reserved for a new crypto treasury in partnership with ALT5 Sigma. Donald Trump Jr. defended WLFI as more than a memecoin, emphasising its governance role. Critics, led by Senator Elizabeth Warren, warn of conflicts of interest, noting Trump’s 15.75 billion-token stake valued at $3.6 billion. WLFI’s market cap stands near $6.4 billion, while the platform’s USD1 stablecoin holds $2.7 billion in reserves.

Japanese blockchain firm Metaplanet has aggressively expanded its Bitcoin holdings, propelling its BTC treasury past 20,000 coins. At its recent shareholder meeting, attended by strategic adviser Eric Trump, the company confirmed a long-term hold strategy with no immediate plans to sell. The latest acquisition of 1,009 BTC for $112 million boosts total Bitcoin holdings above 20,000 BTC, valued at over $2 billion, following earlier August purchases of 463, 518, and 775 BTC. Metaplanet has raised $837 million through domestic and international share offerings and is set to vote on issuing up to 555 million preferred shares to fund further buys toward a 30,000 BTC year-end target. Despite a 4.5% dip in its stock on the news, shares are up 135% year-to-date, and a 31% Bitcoin yield from July to September underscores its performance. Traders should note this institutional accumulation as a bullish signal that may tighten Bitcoin supply and support upward price momentum.

WLFI has submitted a governance proposal to allocate 100% of its protocol-owned liquidity (POL) fees toward repurchasing and permanently burning WLFI tokens on the open market. This initiative targets fees generated exclusively from WLFI-controlled liquidity pools, leaving community and third-party liquidity provider fees untouched. If approved, the proposal will establish a continuous WLFI buyback and burn strategy. Over time, the team plans to expand the program to encompass additional revenue streams from the protocol, steadily boosting WLFI repurchases as the ecosystem grows. The move underscores a deflationary tokenomics model aimed at supporting price stability and long-term value accretion for holders.

Chainlink exchange reserves have plunged to a multi-year low of around 161.8 million LINK, signaling a tightening supply. Over the past two years, LINK’s price has surged over 230%, including a 48% rally in the last month and a 118% gain year-to-date. On-chain data show nearly 90% of LINK holders are in profit, echoing levels seen during July’s rally. Meanwhile, open interest in LINK derivatives has jumped from $115 million to over $1.2 billion this year. Reduced sell-side pressure and constrained liquidity could fuel a sharp price squeeze if demand resurges. Strategic Web2 and Web3 partnerships further boost bullish momentum. Traders should watch Chainlink’s exchange reserves, on-chain metrics, and derivatives open interest for signals of a potential breakout near the $23 mark.

Justin Bons, founder and CIO of Cyber Capital, argues that Solana will become the most decentralized blockchain by relying on fee-funded security. In an August 30 Twitter thread, he outlines an economic model where high transaction fees on layer-1 networks finance validator rewards and support broader participation. Bons claims Solana’s aggressive on-chain scaling retains more fees than Ethereum, which shifts the majority of fees to layer-2 rollups and thereby weakens its base-layer security budget. He compares Nakamoto Coefficients—estimating Solana’s at 19 versus Ethereum’s at 2—attributing Ethereum’s low score to its lack of native delegation and liquid-staking concentration. In governance terms, Bons highlights Solana’s on-chain mechanisms against Ethereum’s socially centralized decision-making. Central to his thesis is the “security budget” model, which factors in market cap, fee revenue, inflation and staking rates. He values Ethereum’s budget at $50.5 billion and Solana’s at $25.3 billion, suggesting that a doubling of SOL’s price would match Ethereum’s security funding. Bons argues the causal loop—throughput → usage → fees → validator rewards → stake dispersion → censorship resistance—will allow Solana to flip its security funding from inflation to fees and ultimately surpass non-scalable chains in decentralization. At press time, SOL traded near $199.

Gold prices surged to a four-month high near $3,490/oz on a weaker dollar, falling Treasury yields and safe-haven demand amid Fed rate-cut expectations. Spot XAUUSD reclaimed support at $3,470, reinforcing a buy-the-dip strategy above the $3,345–$3,350 zone. Key technical buy zones lie at $3,447–$3,436 and $3,416–$3,404. A breakout above $3,490 could trigger retests of $3,500 and pave the way for new all-time highs. Traders are eyeing a slate of U.S. economic data—ISM manufacturing and services PMIs, JOLTS job openings, ADP payrolls and the September U.S. nonfarm payrolls—for signals on labor market strength. Stronger wages or services could cap gold’s advance, while softer jobs figures may drive prices higher. In summary, bullish momentum remains intact for gold. The recommendation is to maintain a buy-on-dips approach as long as XAUUSD holds above $3,345, targeting $3,500 and beyond.

Shiba Inu holds support at $0.00001159 and consolidates near $0.00001238. A volume-backed breakout could target $0.00001698 and $0.00002052. Analysts are divided on XRP ETF prospects: some foresee outflows revealing weak demand, others expect up to $5 billion inflows. ConsenSys CEO Joseph Lubin predicts Ethereum (ETH) may flip Bitcoin (BTC), citing growing DeFi, treasury use cases and network upgrades. Traders should monitor Shiba Inu support levels, XRP ETF filings and ETH on-chain activity to gauge market direction.