News linked to both this project and an event.
Odaily reports: A wallet linked to the $387.5 million Bitget exploit transferred 2,746 ZEC into Zcash's Ironwood privacy pool on Wednesday across three transactions, worth approximately $3.9 million.The funds account for roughly 15% of the ZEC stolen on September 24. The Ironwood privacy pool can conceal the sender, recipient, and transfer amount, but investigators may still be able to trace the path of funds returning to public addresses through transaction timing and amounts. (CoinDesk)
Odaily reports: Aztec Network developer Aztec Labs has relaunched the self-custodial wallet zk.money. The wallet can conceal payment amounts, balances, and recipient information through Aztec Network, and supports transfers via readable names or links.Users can deposit DAI, USDC, or USDT from Ethereum, with USDC and USDT being converted to DAI. Deposit records remain publicly traceable, while subsequent transaction activity remains private.The early Alpha version limits individual deposits, payments, and withdrawals to under $2,500, and screens addresses in accordance with sanctions policy. The software has not yet undergone a full audit and carries security risks. (CoinDesk)
Odaily News: Some analysts expect that the 10-year U.S. Treasury yield could rise to 6%, driven by concerns over the federal fiscal deficit, debt growth, and capital competition. Since the end of 2023, the yield has risen to 5.23%, while Bitcoin's price has roughly doubled to $86,000.If yields rise due to fiscal concerns, investors may seek alternatives to government debt, and Bitcoin could benefit; if the rise in yields is driven by the Federal Reserve tightening monetary policy again, Bitcoin could come under pressure. (CoinDesk)
According to CoinDesk, the 10-year U.S. Treasury yield has continued to climb, with some analysts forecasting it will reach 6% (it last hit this level in 2000). Markus Thielen, founder of 10x Research, emphasized that the drivers behind the yield increase are critical: if the rise stems from concerns over fiscal deficits and term premiums, investors may shift to alternative assets such as Bitcoin, constituting a bullish development; if it stems from the Federal Reserve resuming its rate-hiking cycle, it would repeat the 2022 scenario of Bitcoin plummeting 64%. Data shows that since the end of 2023, the 10-year yield has risen by 135 basis points to 5.23%, while Bitcoin’s price simultaneously doubled to around $86,000, validating the "decoupling" narrative between Bitcoin and Treasuries amid fiscal concerns. Dan Niles, founder of Niles Investment Management, also noted that the U.S. fiscal deficit accounts for approximately 6% of GDP. Coupled with tech giants undertaking large-scale fundraising that competes with Treasuries for the same pool of capital, yields will continue to be pushed higher.
Binance has signed a new five-year commercial agreement with Circle and invested $100 million to purchase Circle shares, which will further expand USDC's coverage in emerging markets and global transactions, and exert more pressure on USDT, which has long been dominated by Tether.Data shows that when the two parties first partnered in December 2024, Binance offered 140 USDC-denominated spot trading markets, which has now increased to 329; Binance's monthly USDC trading volume also grew from approximately $20 billion to $40 billion before the partnership to consistently exceeding $80 billion.Anastasia Melachrinos, Head of Research at Kaiko, stated that since 2026, Binance has consistently held the largest share of USDC spot trading activity, with daily trading volumes reaching $5 billion to $10 billion, approximately 10 to 20 times that of most other trading platforms. Analysts also noted that USDT currently has a market capitalization of approximately $140 billion, still significantly higher than USDC's approximately $74 billion, and its trading pairs, local liquidity, and user habits accumulated over years in the global trading and payment markets remain difficult to change in the short term. (CoinDesk)
Odaily reports: Bitcoin has risen 44% this quarter to nearly $85,000, with some holders beginning to take profits. Bitfinex data shows that recent BTC holders have realized cumulative profits of approximately $2.4 billion, while during historical market tops, single-day realized profits typically reached $7–10 billion. Meanwhile, U.S. spot Bitcoin ETFs have seen cumulative net inflows of $2.84 billion over the past 6 trading days, exceeding holder realized profits during the same period, with cumulative net inflows approaching $800 million year-to-date. Bitfinex also noted that approximately 410,000 ETH flowed out of exchanges over the past month, and U.S. spot Ethereum ETFs attracted a cumulative $680 million over 4 consecutive trading days, indicating that strong capital support remains in the recent market. (CoinDesk)
According to CoinDesk, bitcoin traded above $84,000 on Friday, essentially flat over the past 24 hours after briefly dipping below $84,000 on Wednesday. Most major tokens saw volatility of less than 2%, while ONDO rose 27% to around $0.54 and QNT gained 39% to near $100. Meanwhile, selling pressure in the US bond market has eased slightly, with the 10-year US Treasury yield retreating 2 basis points to 5.17% after climbing more than 20 basis points cumulatively over the previous two trading sessions. Brent crude oil fell about 1% to $105 per barrel as markets focused on reports that the US and Iran may reopen the Strait of Hormuz via a phased agreement. FxPro Chief Market Analyst Alex Kuptsikevich stated that Bitcoin's recent pullback is more of a temporary pause within an uptrend, noting that the current upward momentum has not yet ended. Even if BTC falls further to $70,000, it could exert significant pressure on short-term traders, but he believes it remains insufficient to disrupt the broader bullish trend. Additionally, Bitcoin is approaching Friday's Deribit options expiration. The current price sits below $85,000, which is one of the strike prices with a high concentration of call open interest in this expiry batch.
Odaily reports: Although the S&P 500 is near its all-time high, market breadth remains weak. As of Wednesday, 257 constituents of the S&P 500 had fallen below their 200-day moving average. In contrast, the crypto market has performed relatively strongly, with 88 of the top 100 tokens by market cap (including BTC and ETH) trading above their 200-day simple moving average (SMA), and most of them also above their 50-day, 100-day, and 200-day moving averages. CoinDesk noted that most crypto assets, including BTC, ETH, XRP, and SOL, remain significantly below their all-time highs. Dick Lo, founder and CEO of TDX Strategies, said institutional capital continues to flow in through ETFs, driving momentum in major crypto assets and some altcoins, and noted that the key level to watch for BTC is currently $90,000, with the 2026 high of $97,900 as a medium-term target. Bernardo Brites, co-founder and CEO of Trace Finance, said that funds are currently flowing in primarily through ETFs rather than stablecoins, making the market more prone to pullbacks. (CoinDesk)
According to CoinDesk, a Gnosis Safe wallet on Ethereum was attacked, with approximately 2,900 rsETH (valued at around $7.8 million) transferred. Security firms BlockSec, Blockaid, and SlowMist pointed out that the root cause of the attack lies in an authorization check flaw within the wallet-approved Multicall contract—the contract is intended to verify caller permissions, but the vulnerability allows anyone to bypass validation simply by targeting the contract itself. The attacker subsequently moved the rsETH into a liquidity pool based on the valueless token "Permissionless Attacker Token." An automated bot named "yoink" paid approximately $47,000 to frontrun the transaction, transferring 2,882 rsETH to a separate address. rsETH issuer Kelp DAO stated that its smart contracts are secure and rsETH is fully collateralized, and has implemented a 24-hour pause measure on the relevant addresses.
three U.S. Dogecoin ETFs have collectively attracted just over $12 million in inflows over the past 10 months, compared to XRP funds which pulled in $12.29 million in a single day on September 9. Since their debut in November 2025, XRP funds have accumulated $1.7 billion in net inflows, while Solana funds have drawn $1.36 billion since launching in October 2025—both more than 100 times the total for Dogecoin funds.Previously, Bitwise announced it would shut down its Dogecoin ETF BWOW, which held only $687,713 in assets as of September 9, with trading expected to cease on October 14. Data shows that across 199 trading days, the three Dogecoin funds recorded net inflows on only 28 days, with zero net flows on 166 days. MyDoge founder Jordan Jefferson believes that accessibility has never been the biggest bottleneck for Dogecoin; whether institutional demand can be unlocked depends on whether investors can find underwriting value beyond price appreciation. (CoinDesk)
Odaily News: Digital asset trading platform Gate has released its August 2026 Transparency Report. The report shows that in August, multiple Gate business lines received recognition from institutional data providers including CoinDesk, CryptoQuant, CryptoRank, and DefiLlama. Among them, Gate's stock perpetual contract trading volume grew 308% month-over-month, maintaining triple-digit growth for three consecutive months; the RWA perpetual contract open interest (OI) market share reached 49.6%, ranking first globally among centralized trading platforms. Meanwhile, Gate's 24-hour spot and derivatives trading volume stood at approximately $9.5 billion, with open interest reaching $12.48 billion, both ranking among the global top three; 30-day net inflow reached $308.1 million, ranking second among mainstream trading platforms.In terms of traditional financial asset trading, Gate's CFD business continues to expand its asset coverage, now covering 680 trading pairs, spanning major TradFi assets including forex, metals, energy, indices, and stocks. In terms of overall TradFi product layout, Gate now covers over 1,000 TradFi assets, with stock derivatives covering more than 360 underlying assets, both ranking first globally, further enhancing its multi-asset trading matrix.As digital assets and traditional financial markets continue to converge, Gate is steadily expanding diverse trading scenarios including stocks, RWA, CFD, and derivatives. By enriching asset supply and trading tools, it is further improving its comprehensive trading infrastructure that connects digital assets with traditional financial markets.
According to CoinDesk, Bitcoin briefly dipped to $77,666 on Tuesday before recovering to around $78,900 during Wednesday's Asian trading session. The asset saw minimal movement over a 24-hour period, posting a weekly gain of nearly 2%. Markets are currently focused on upcoming U.S. inflation data and the Federal Reserve's interest rate decision scheduled for September 15–16. Meanwhile, Grayscale stated that its Zcash exchange-traded fund surpassed $500 million in assets under management just two weeks after its debut on NYSE Arca. Trading under the ticker ZCSH, the fund has attracted over $70 million in net inflows since its launch on August 25 and secured a $100 million investment from DCG International Investments. It currently holds more than 550,000 ZEC, representing approximately 3% of the ZEC circulating supply.
According to CoinDesk, Bitcoin has faced persistent pressure near the $83,000 key resistance level, failing to surpass its earlier May high before retracing below $80,000. Data from Glassnode reveals that wallet cohorts have collectively entered a net distribution phase for the first time since early June, with whale wallets holding at least 1,000 BTC displaying the clearest selling trend. Previously, Bitcoin rallied from around $64,000 to $79,000 in mid-August. Currently, Bitcoin is also encountering resistance near the 50-week moving average, but if the 50-day moving average crosses above the 200-day moving average to form a "golden cross," it may provide some support to bulls.
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)
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.
According to CoinDesk, following US air strikes on Iran, global risk assets came under pressure and the cryptocurrency market declined in tandem. Over the past 24 hours, major large-cap tokens saw widespread declines, with Solana and Tron dropping more than 3%, Ethereum falling around 2%, and XRP declining nearly 2%. Bitcoin recorded a relatively smaller decline of approximately 1%, trading at around $77,500.
According to CoinDesk, two economists from the Dallas Fed estimate that if tokenized deposits increase depositors' interest rate sensitivity by 10%, U.S. banks' capacity to hold long-term interest rate risk could decline by approximately $700 billion. Another scenario shows that if tokenization causes deposits to leave banks 10% earlier, their ability to absorb interest rate risk on long-term loans and securities could fall by around $580 billion.
According to Odaily, the ETH/BTC ratio has recently formed a "golden cross," where the 50-day moving average has crossed above the 200-day moving average. Since early June, ETH has consistently outperformed BTC, with the ETH/BTC ratio rising approximately 25% from its June 6 low.Historical data shows that the performance of ETH/BTC following a golden cross has been inconsistent. After the golden cross on July 25, 2025, the ratio rose about 36% over the following four weeks, but subsequently turned downward; following the February 2021 golden cross, it once surged approximately 93%. However, the two golden crosses in May and August 2022 both failed to sustain upward momentum. CoinDesk noted that the golden cross is a lagging indicator based on historical prices and does not necessarily imply that ETH will continue to outperform BTC going forward. (CoinDesk)
According to Odaily, Bitcoin recently broke through a key price level, sparking discussions about whether a new bull market has begun. Some analysts believe that rapid gains, concentrated short covering, and technical breakouts are typical signals of a market bottom reversal, but others warn that the macroeconomic environment and capital inflows remain key factors in determining the sustainability of the trend.Mati Greenspan, founder of Quantum Economics, stated that Bitcoin's recent rally is very similar to historical bottoming phases, which are typically accompanied by short squeezes, sharp single-day gains, and breakouts above key technical resistance levels, followed by investors who missed the move re-entering the market. He believes that the probability of a significant Bitcoin pullback is currently decreasing, and market FOMO sentiment may further intensify.However, Jason Fernandes, co-founder of AdLunam, remains cautious. He noted that without sustained spot ETF inflows and clear signals of interest rate cuts, it is still too early to confirm the bear market is over, and Bitcoin may lose upward momentum near resistance levels.Analysts point out that the current rally is driven by multiple factors, including the U.S. Treasury's expansion of its bond buyback program, declining long-term yields, and improved sentiment toward risk assets. Previously, Bitcoin had been consolidating in the $64,000 to $66,000 range, accumulating significant short positions in the market. The breakout triggered cascading liquidations in the derivatives market, accelerating the price surge.Tobias Bauer, co-founder of TBV, noted that Bitcoin futures trading volume on Binance reached $1.26 billion within a minute—361 times the normal level—while funding rates rose to exchange limits, indicating crowded leveraged longs in the market and rising costs for chasing the rally. (CoinDesk)
Odaily News比特币 rose to its highest level since May before the US market opened on Friday, briefly touching $79,400 during trading before hovering around $78,000, just one step away from the key resistance level of $80,000. US spot Bitcoin ETFs recorded net inflows of $606 million on Thursday, the highest level since May 1, boosting market risk appetite.James Butterfill, Head of Research at CoinShares, stated that this rally is primarily driven by macroeconomic factors rather than factors within the crypto market itself, noting that Bitcoin remains highly sensitive to changes in liquidity expectations and real yields. Previously, US inflation data came in below expectations, employment data weakened, and the US Treasury announced measures to push down long-term Treasury yields, all of which drove risk assets higher.Butterfill pointed out that $80,000 is an important demarcation line for Bitcoin at present. To form an effective breakout, the market needs further confirmation that the Federal Reserve's monetary policy is shifting toward easing, with related signals potentially released at next week's Jackson Hole symposium.However, he also cautioned that if inflation remains persistently high or the dollar weakens, the Fed may be forced to adopt a more cautious policy. Additionally, the scale of accumulation by large holders remains relatively limited, and the market still lacks strong confidence to support a sustained breakout. Going forward, US spot Bitcoin ETF fund flows and macroeconomic data performance will serve as key indicators for judging the sustainability of the trend. (CoinDesk)