Crypto

Data support the view that Bitcoin trades at a discount, and traders are buying the dip, but charts still warn of a potential sell-off to $106,000. Key takeaways: Buying among retail and whale-sized traders helped slow down the BTC price sell-off, but bears still have a good chance of exploiting long liquidations to $106,000.  Spot and perpetual futures volumes lack aggression, preventing a lasting trend reversal, and sellers continue to sell into price rebounds.  Read more

Chainlink whales bought 800K $LINK as 5.5M tokens exited exchanges. Active addresses hit 5,800 while price hovers near $22.

Bitcoin futures see a $1.25 billion outflow in what analysts termed a healthy market reset. They are eying a $120,000 target if Fed signals turn dovish, $110K support, if hawkish.

CZ has denied Financial Times reports suggesting YZi Labs has opened to external investors, confirming the investment firm is still managing only internal capital. The post CZ Slams FT Over YZi Labs Funding Rumors: “Completely False”  appeared first on Cryptonews.

OranjeBTC, which holds 3,650 BTC, also plans to launch a financial education platform focused on bitcoin and crypto, in addition to its public listing.

FTX Trust has sued Genesis, alleging Fraudulent transfers used misappropriated funds for 2021–2022 share purchases. The bankruptcy estate has reported $6.2B returned to creditors and has scheduled another distribution for Sept. 30. The post FTX Trust Sues Genesis Digital for $1.15B Clawback Over Alleged Fraudulent Transfers appeared first on Cryptonews.

XRP holds key EMA support as analysts outline possible rallies to $3.60, $9.60, and $33 based on historical patterns.

FTX Recovery Trust sued Bitcoin mining company Genesis Digital Assets, seeking to recover $1.15 billion in allegedly fraudulent transfers made by the co-founder of the fallen exchange, Sam Bankman-Fried. As Bloomberg Law reported on Sept. 23, the trust filed the lawsuit on Sept. 22 in the US Bankruptcy Court for the District of Delaware. It […] The post FTX Recovery Trust sues Genesis Digital to recover $1.15B in allegedly fraudulent transfers appeared first on CryptoSlate.

According to the lawsuit, Justin Sun’s crypto holdings included about 60 billion Tron, 17,000 Bitcoin, 224,000 Ether and 700 million Tether as of February. A US judge has set Tron founder and CEO Justin Sun’s lawsuit against Bloomberg back a peg after denying a temporary restraining order and injunction over publishing information about his cryptocurrency holdings. In a Monday filing in the US District Court for the District of Delaware, Judge Colm Connolly sided with Bloomberg in Sun’s lawsuit over “disclosed amounts of specific cryptocurrency he owns.” According to the filings, the holdings included about 60 billion Tron (TRX), 17,000 Bitcoin (BTC), 224,000 Ether (ETH) and 700 million Tether (USDt). The publication had reached out to Sun’s team in February to gather information about the Tron founder’s wealth for its Billionaires Index. Read more

Defunct crypto exchange ShapeShift has agreed to pay $750,000 to the U.S. Treasury Department to settle charges that it violated sanctions.

In an interview with Cointelegraph Bitwise CIO Matt Hougan outlines why Bitcoin could climb to over $1 million by 2035, pointing to Wall Street’s growing embrace of crypto. How high can Bitcoin really go? For Matt Hougan, chief investment officer at Bitwise, the answer might surprise even the most optimistic crypto bulls. In an in-depth conversation with Cointelegraph, Hougan laid out his long-term forecast for Bitcoin: $1.3 million per coin by 2035. Far from a wild guess, this projection is based on a detailed institutional report that models Bitcoin’s role as a store of value, its competition with gold, and the growing wave of institutional adoption. Hougan argues that three factors are converging to reshape Bitcoin’s trajectory: ballooning government debt, a regulatory climate that has turned from hostile to favorable, and the arrival of Bitcoin exchange-traded funds (ETFs), which make it easier than ever for Wall Street to invest. Read more

Market experts eye a bullish October for Ethereum despite market fear.

The White House has considered Josh Sterling for CFTC Chair, with his regulatory background sparking debate on U.S. cryptocurrency oversight and its effect on compliance and institutional confidence. The post White House May Tap Josh Sterling as CFTC Chair — What It Means for Crypto appeared first on Cryptonews.

Decentralized exchanges Aster and Hyperliquid are facing off on-chain, with BNB Chain's new competitor spiking by 47% on the day.

Y Combinator announced plans to fund Web3 startups through a new “Fintech 3.0” initiative created in collaboration with Base and Coinbase Ventures on Sept. 23. The accelerator targets companies building financial systems on blockchain infrastructure, citing regulatory clarity and infrastructure maturity as key factors enabling this sector’s growth. The announcement, released simultaneously by Y Combinator […] The post Y Combinator launches funding initiative targeting on-chain startups with Base partnership appeared first on CryptoSlate.

BlackRock's business across Bitcoin and Ether ETFs has generated about $260M per year, with $218M from BTC and $42M from ETH. The firm has reported $14.1B in Q2 net inflows and has advanced tokenization via BUIDL as crypto fees and custody have expanded. The post BlackRock Rakes in $260M from Bitcoin and Ether ETFs as Wall Street Floods In appeared first on Cryptonews.

The raise included new participation from Morgan Stanley, Apollo-managed funds, SoFi, Jump Crypto and IMC.

Visa and Stripe have joined Fold to issue a Bitcoin rewards credit card, combining traditional payment networks with crypto incentives and advancing Bitcoin’s role in everyday transactions. The post Credit Card Giants Visa and Stripe Team Up With Fold to Launch Bitcoin Rewards Card – Wall Street Coming to Crypto? appeared first on Cryptonews.

SEC Chair Paul Atkins said he will push an “innovation exemption” by year’s end to let crypto companies roll out products without outdated regulatory hurdles. The US Securities and Exchange Commission is working to create an “innovation exemption” that would ease approval of digital-asset products by the end of the year, SEC Chair Paul Atkins said on Tuesday. During an interview on Fox Business, Atkins told anchor Maria Bartiromo that the SEC is working on “rulemaking in the coming months.” An “innovation exemption” would function as a regulatory carve-out, giving crypto companies temporary relief from older securities rules to roll out new products under lighter oversight while the SEC develops tailored regulations. Read more

Best Wallet has raised over $16M in presale and has been WalletConnect-certified. As MetaMask, Rainbow, and Base have prepared tokens, BEST has reduced fees, supported staking and governance, and been tied to a card, derivatives plans, and a dynamic 83% APY on native staking. The post Crypto Wallets Race to Launch Tokens – Best Wallet Leads With $16M in Funding appeared first on Cryptonews.