News linked to this event type.
Odaily Odaily News: Bybit Pay, the payment arm of cryptocurrency exchange Bybit, has integrated with crypto payment infrastructure provider Mesh, allowing users to directly use their Bybit account balances to make payments or top up accounts on Mesh-supported platforms without the need to withdraw or transfer assets first. Merchants can add Bybit Pay as a payment option through existing Mesh integrations and use programmable settlement features to control settlement timing and methods across different markets.Mesh stated that its network is already connected to over 300 wallets, exchanges, and financial service platforms. In January this year, the company completed a $75 million Series C funding round led by Dragonfly, reaching a valuation of $1 billion, with cumulative funding exceeding $200 million. It also plans to expand into markets in Latin America, Asia, and Europe. (Cointelegraph)
Odaily News According to a post by whale "Set 10 Big Goals First" on platform X, Bitcoin has firmly established support at $80,000 and is now targeting $100,000, calling it the "last chance to get on board." Based on the chart shared, crypto-related stocks and ETFs such as IBIT, CRCL, and MSTR saw significant gains today.
Odaily News: Crypto trader Ansem stated in a post that some of the top traders he knows have still not turned bullish, primarily citing concerns over war, Treasury yields, the Federal Reserve's policy meetings, and the four-year cycle.Ansem believes that as the market develops, these still-cautious traders will shift their stance in Q4 and begin aggressively chasing gains.
According to Odaily, the yen has continued to strengthen recently, pushing the U.S. dollar index (DXY) lower and providing short-term support for dollar-denominated assets such as Bitcoin and gold. Data shows that the U.S. dollar against the yen (USD/JPY) fell 1.4% intraday to 156.40, after already declining 0.9% on Wednesday; the euro, pound, and Australian dollar all edged higher against the dollar. As a result, the DXY fell 0.4% to 99.22, approaching its 200-day moving average.Analysts believe this trend typically favors dollar-denominated assets like Bitcoin, while also helping to ease global financial conditions and boost market risk appetite. However, if the yen appreciates too rapidly, this logic could quickly reverse.Over the past decade-plus, many investors have used low-cost yen financing to invest in stocks, bonds, and even cryptocurrencies. If the yen appreciates sharply, yen carry trades could unwind, triggering a sell-off in risk assets. When yen carry trades were unwound in August 2024, Bitcoin fell roughly 20% within days.Market expectations are currently growing that the Bank of Japan will raise its policy rate from 1% to 1.25% on September 18, and the yen continues to face further appreciation pressure. Reports also indicate that officials from the U.S. and Japan have previously taken action to address "disorderly yen movements." Therefore, while a moderate yen appreciation is currently favorable for Bitcoin, if it evolves into a rapid, disorderly appreciation, it could instead become a risk factor for BTC. (CoinDesk)
Monad announced that it has been added to the Visa on-chain analytics dashboard, with stablecoin transaction volume reaching nearly 1 million in August, marking its highest month to date.
According to on-chain analyst Ai Yi (@ai_9684xtpa), a new address 0x362...95c45 withdrew 1,000 PAXG from OKX over the past 7 hours, worth approximately $4.428 million.
According to on-chain analyst Onchain Lens (@OnchainLens), Tether's treasury transferred 500 million USDT to Binance via the Tron blockchain.
Odaily News – In the latest weekly report, Garrett Jin, agent for the “1011 Insider Whale,” stated that despite oil prices rising to around $95 this week, the 10-year U.S. Treasury yield breaking above 4.8%, and market expectations for a September Fed rate hike climbing to approximately 70%, Bitcoin has held its key support at $76,600 and has since recovered to above $77,000.Garrett noted that the $75,000 to $80,000 range has formed a substantial new cost basis, providing firmer support for the market. If Bitcoin closes above $82,500 on the daily chart and subsequently holds around $80,000 during a pullback, it would signal that the market is absorbing selling pressure and gearing up for further strength. Conversely, if the daily close falls below $76,600—accompanied by weakness in at least two of the following metrics: ETF flows, Coinbase premium, and 7-day net realized profit/loss—it would constitute a clearer downside warning.On the capital front, U.S. spot Bitcoin ETFs saw net inflows of approximately $3.5 billion in August, but September opened with two-way flows, recording net outflows of around $237 million on Tuesday. Garrett believes that Bitcoin holding key support amid heightened macro rate pressures suggests recent spot demand is not entirely driven by short-squeeze dynamics. He maintains a constructive outlook for Bitcoin's performance toward year-end, though he notes that future trajectory will depend on whether U.S. Treasury yields can halt their sustained upward trend.
According to CoinDesk, as the yield on the U.S. 10-year Treasury note climbed 58 basis points year-to-date to 4.81%, the U.S. Dollar Index rose merely 0.9% to 99.22, signaling the breakdown of the traditional "higher yields drive a stronger dollar" logic. Japan's government bond yields surged 90 basis points this year, yet the yen fell to a 40-year low, and Germany's 10-year yield rose 45 basis points concurrently without the euro showing significant strength. Analysts note that markets may have begun interpreting rising yields as a signal of fiscal strain rather than fiscal robustness. This logical shift poses a potential tailwind for Bitcoin — amidst expectations of government debt monetization and currency devaluation, hard assets with inelastic supply, such as Bitcoin and gold, may attract safe-haven capital inflows.
Odaily News: Analyst Killa stated on the X platform that Bitcoin is forming a descending wedge on the daily timeframe, and their plan remains unchanged, with expectations that the market will maintain range-bound consolidation. Even if the price breaks through this pattern, caution is needed regarding potential fakeouts, as the current market has not yet experienced a sufficiently long period of range-bound consolidation. The market spends approximately 80% of its time in range-bound consolidation and 20% in trending moves or pullbacks. Given that the market has already experienced a significant upward move, it is more likely entering a consolidation phase, so do not chase rallies. Unless market action proves otherwise, one should expect the market to remain in range-bound consolidation.
Odaily News, September 3 — WEEX Exchange announced that the WEEX Hackathon Season 2, themed "AI Wars II: The Algorithm Era," is now officially live. Global AI developers, quantitative traders, Web3 builders, teams, and individuals are invited to join Team AI or Team Human to compete in five rounds of live market trading battles, vying for rankings and rewards based on PnL% performance. The total prize pool stands at 600,000 USDT, with multi-tiered incentives designed to accommodate different participation methods.The early registration phase runs from September 3 to 6, during which the first 2,000 registrants can share in the 100,000 USDT Early Bird prize pool. Additionally, users who register early can complete event tasks ahead of time to accumulate activity points for the upcoming competition.
RuneCrypto posted on platform X, stating that BonkGuy (Unipcs) is simultaneously the best-performing trader over the past 365 days, 30 days, and 7 days. The trader is currently 64 years old.
According to Decrypt, the Ukrainian National Police and Security Service recently shut down a network of fake cryptocurrency investment platforms based in Kyiv. The group distributed fraudulent investment ads on Telegram, guiding users to connect their wallets and deposit funds, while silently falsifying trading returns in the background. When victims requested withdrawals, the platform claimed verification was required, instructing them to connect their main wallet and approve a small "test transaction," which triggered a built-in crypto drainer to transfer the assets to wallets controlled by the syndicate.
Odaily News, according to Lookonchain monitoring, Fomo's top-ranked trader @theunipcs saw portfolio value increase by over $9.8 million in the past month. Currently, his Ethereum address (0x07f5...2241) has generated profits of $5.63 million from ETH, $1.57 million from USELESS, and $1.43 million from MarsCoin.
Odaily News - Echo Base, an institution focused on stable digital asset companies, assisted in forming the BitMart Creditors' Committee on September 2 to represent users holding frozen assets, and has retained legal counsel to evaluate recovery options, including filing for unfunded bankruptcy proceedings.On August 6, Echo Base proposed a funding package of up to $10 million to support BitMart in filing a pre-negotiated bankruptcy application, but received no response from BitMart. Echo Base stated that its actions stem from BitMart's failure to respond to the restructuring proposal and users' withdrawal requests.Sonn Law Group has launched an investigation into users with frozen assets of $500,000 or more on BitMart, assessing potential claims and asset recovery options. Echo Base CEO Roshan Dharia stated that BitMart's employee plan can only sustain operations until January 2027, and the longer the delay, the fewer viable options remain. (Bitcoin.com News)
Bitget has launched a new round of CandyBomb with a total prize pool of 3,000 UNI. This campaign is exclusively for new futures users, running from 16:00 on September 3 to 16:00 on September 13 (UTC+8). During the event, users who complete designated net deposit and futures trading tasks will unlock corresponding rewards, with a maximum of 30 UNI per participant. Detailed rules have been published on the official Bitget platform; eligible users must click "Join Now" to complete their registration before participating.
Odaily News: According to on-chain analyst Ai Yi's monitoring, one hour ago, a swing trader bought 1,650 ETH at $2,417, worth approximately $4 million; since July, this trader has accumulated $1.05 million in profits across 4 ETH trades.
Odaily News: According to on-chain analyst Yujing's monitoring, @XXAntiWar (0x045...F668) purchased 17.56 million Niu Lai tokens 4 days ago at a market cap of $86 million. 20 minutes ago, they transferred all of them to Binance Alpha. The current market cap of Niu Lai stands at $82 million, and selling at this stage would result in a loss.
According to monitoring by AI Yi, XXAntiWar has transferred all 17.57 million "NiuLai" tokens to the Binance Alpha wallet, valued at approximately $1.45 million. The transfer of these tokens was completed within the past half hour. Since tokens deposited into the Binance Alpha wallet will be routed to a Proxy aggregation address, subsequent on-chain movements are currently not visible, and their specific purpose remains unclear.
On-chain analyst Willy Woo stated that Bitcoin has long been influenced by the halving mechanism, forming an approximately four-year supply shock cycle. However, as Bitcoin's annual new supply rate declines to around 0.8% and will further drop to 0.4%, the internal impact of the halving is gradually weakening. Meanwhile, traditional financial markets typically follow a six-to-eight-year short-term debt cycle. Woo believes that Bitcoin may currently be in a transition stage from the four-year cycle to a six-to-eight-year cycle.