Latest Crypto News & Market Updates

Bitcoin bear market may not be over, Fidelity warns

Bitcoin recorded its strongest monthly gain since November 2024 during August, but Fidelity said the advance does not prove that the latest crypto bear market has ended.　　In its fourth-quarter crypto market outlook, Fidelity said Bitcoin, Ethereum and several altcoins recorded their strongest positive months since late 2025. Bitcoin gained more than 25% during the third week of August alone.　　Ethereum rose 34.1% during the same period, while Solana advanced 28%, according to Fidelity. The gains followed relatively subdued market activity from June through the middle of August.　　However, Fidelity warned that the rally could represent either the beginning of a sustained recovery or a temporary move within a continuing bear market.　　Bitcoin bear market faces a November cycle test　　Some investors are watching November 2026 as a possible market-bottom period based on Bitcoin‘s historical four-year cycle. Bitcoin’s previous major bear-market bottom occurred in November 2022.　　Applying the same approximate interval would place the next potential bottom around November 2026. Fidelity stressed that historical cycles have never followed precise four-year schedules and cannot reliably identify market turning points.　　The firm said Bitcoin may have already reached its low in July. It could also decline again and establish another low during November or later.　　“Despite the recent push higher

09-04Industry

Volkswagen Approves Future Plan 2030 With 50,000 Job Cuts

Volkswagen‘s supervisory board signed off on a plan that cuts 50,000 more jobs across the group. The reductions double a workforce program already running at Europe’s largest carmaker.　　The German automaker announced the decision on Thursday. It also plans to shrink its model range by roughly 50% by 2035 and lift profitability.　　Sponsored　　Sponsored　　Volkswagen Sets 2030 Targets While Four Plants Face Uncertainty　　The Future Plan 2030 passed unanimously and reached management ranks as well as factory floors.　　“According to the analysis underlying the Future Plan 2030, a Group-wide workforce adjustment of approximately 50,000 positions – including management roles – will be necessary,” the firm said.　　The firms 12 initiatives target annual sales of 9 million vehicles and an operating margin of 9% by 2030. That margin equals an operating result of about EUR 31 billion. The group earmarked EUR 135 billion for capital spending and research between 2027 and 2031.　　Volkswagen also acknowledged that European capacity exceeds demand by more than 500,000 units. Production for the Emden, Zwickau, Hanover, and Neckarsulm plants cannot currently be secured from 2031 to 2034.　　A concept for European production is due by the end of June 2027. The company gave no timing for the workforce reduction or its distribution across brands.　　CEO Oliver

09-04Industry

Could Bitcoin extend the Dovish Fed rally above $85,000？

Bitcoin (BTC) is trading above $80,000 on Friday, sustaining the broader cryptocurrency markets risk-on sentiment. Federal Reserve (Fed) Governor Christopher Waller signaled support for a potential pause in interest rates on Thursday, lowering the odds of a September rate hike to 50%. Zcash (ZEC) and Ethena (ENA) emerge as top performers over the last 24 hours.　　Dovish Fed fuels Bitcoins recovery　　US Fed Governor Christopher Waller could support a pause in rate hikes to keep the policy rate steady at the September policy meeting if the August inflation data suggest easing pressures, as previously reported by FXStreet. The dovish comments lowered the odds of a rate hike to 50%, from nearly 70% earlier this week.　　FedWatch tool. Source: CME Group　　Bitcoin trades above $80,762 at press time on Thursday, maintaining a bullish near-term bias after a 5% rise the previous day. The King Crypto holds well above the 50-, 100-, and 200-day Exponential Moving Averages (EMAs), which cluster between roughly $69,700 and $72,500.　　The pair is advancing toward the 78.6% Fibonacci retracement of the latest downswing from $97,924 to $57,800 at $87,476. A confirmed breakout above this zone could target the previous swing high at $97,924.　　The Relative Strength Index (RSI) hovers near 71 in overbought

09-04Industry

Aptos rallies 10% - Why 11.31M token unlock could test APT bulls

Aptos [APT] surged by more than 10% in the past 24 hours, at press time, with daily trading volume surpassing $109 million.　　Apart from the technical breakout, the altcoins gains were being fueled by a continuous supply crunch since its fee switch. Here is how reduced supply influenced the rally:　　Decoding Aptos token burns after the 10x fee increase　　In the past seven days, RWA net flows have driven Aptoss network activity. In fact, Aptos ranked second with $145 million, closely behind Ethereum [ETH] at $149 million.　　Additionally, the number of transactions and active addresses showed participants were returning to the chain. On the 3rd of September, Active Addresses were 57,047, while transactions surged beyond 16 million.　　Source: DefiLlama　　From the activity data, the chain continues to accrue revenue, with average transaction fees standing at $0.0005 since the 10x fee increase.　　These fees are used to buy back APT and burn them, reducing the circulating supply. That is, 1523K APT were permanently burned in the last 30 days, a total of 1.7 million tokens since mainnet. Hence, the annualized burn rate is 1.8 million tokens, as per Aptoss post on X.　　Can APTs price hold its gains？　　On the charts, APT broke out for the second time from a

09-04Industry

Kospi Jumps, Following Wall Street, as Fed's Waller Signals Rate Hold

South Korea‘s Kospi jumped 1.14 percent at Friday’s open. The rally tracked a broad Wall Street advance after Fed Governor Christopher Waller signaled a rate hold this month.　　The benchmark index rose 74.88 points to 6,650. It extended a rebound after a sharp slide earlier this week tied to Middle East tensions.　　Waller Comments Cool Rate Hike Worries　　Waller made the remarks Thursday, saying he would be inclined to support a hold. He backed keeping rates in the current 3.5 percent to 3.75 percent range at the Feds Sept. 15-16 meeting.　　Treasury yields eased on the remarks, feeding into falling rate hike odds tracked on prediction markets this week.　　Japan‘s Nikkei 225 and Hong Kong’s Hang Seng also opened higher. South Koreas small-cap Kosdaq index advanced even more sharply.　　KOSPI is once again riding Wall Streets momentum. Image Source: Trading View　　Thursdays rally set the tone across US markets. The Dow Jones Industrial Average gained 1.18 percent. It was the indexs best day since Aug. 4.　　The S&P 500 added 1.06 percent, while the Nasdaq Composite rose 1.4 percent. All three indexes are on pace for a positive week.　　Jobs Report Looms as Next Catalyst　　Traders are now watching Fridays August nonfarm payrolls report, the same data point that has

09-04Industry

Revolut clears the OCC but still faces FDIC and Fed review

Revolut passed one of three federal hurdles Thursday as the Office of the Comptroller of the Currency approved a conditional US national bank charter.　　The fintech cannot open until the FDIC and Federal Reserve also provide their approval. The company states that this step is still more than a year away, with a launch planned for the first half of 2027.　　Three signatures stand between the charter and deposits　　On September 3, the OCC declared its decision to approve Revoluts application to charter an entity called Revolut Bank US, N.A. However, this bank is not yet authorized to accept deposits.　　Revolut still needs to satisfy conditions set by the OCC, secure FDIC deposit insurance and the Feds approval, and then return to the OCC for final approval. Revolut said it began working on the charter process with its application in March.　　“We‘re grateful for the OCC’s open and transparent dialogue throughout this process,” Revolut US CEO Cetin Duransoy said.　　The timetable keeps the firm “on track for a 2027 launch of our proposed national bank,” he said.　　The proposed bank would be in Stamford, Conn., have about $95 million in initial capital and hire about 160 people when it is operational. Revolut currently reaches American customers through

09-04Exchange

Fed Rate Hike Odds Fall to 50/50: Will Bitcoin's Rally Above 80,000 Hold？

Odds of a September Federal Reserve rate hike fell back to a coin-flip on Friday, a sharp reversal after the probability touched 70% just a day earlier and sat as low as 37% a week before that. 　　The swing tracks a rally that has pushed Bitcoin (BTC) toward $82,000.　　Rate Bets Whipsaw Ahead of the September Meeting　　The CME Group (Chicago Mercantile Exchange) FedWatch tool now shows the September 16 meeting split almost evenly between holding the benchmark rate at 3.50-3.75% and lifting it a quarter point to 3.75-4.00%.　　Odds of a rate hike in September dropped today, returning to a 50/50 split. The second expected rate hike is now not fully priced in until March rather than December.　　This represents a notable shift away from the strong hawkishness expressed by the markets earlier this week. pic.twitter.com/VVuLawauDt　　— Satoshi Stacker (@StackerSatoshi) September 3, 2026　　The tool had assigned the hike a 70% probability as recently as Thursday.　　The FedWatch data also pushed back the timeline for a second hike. A move to the 4.00-4.25% range isnt priced as the most likely outcome until the March 2027 meeting. Rather than December 2026 as futures had implied earlier in the week.　　Iran and Oil Are Driving the Volatility　　The odds have

09-04Industry

SoFi lists SoFiUSD on Kraken as the two firms open round-the-clock dollar settlement

Kraken‘s owner Payward will connect to SoFi’s real-time settlement rails and carry SoFis bank-issued stablecoin on its exchange.　　The partnership, announced Thursday, lets institutional clients on either platform move dollars at any hour.　　Payward joins SoFis 24/7 rail　　Payward, the infrastructure company behind the Kraken exchange, is joining the SoFi Exchange Network, the always-on settlement rail launched in April.　　SoFi is using Paywards prime brokerage, Kraken Prime, to route crypto trades from its app to access deep liquidity.　　Kraken will list SoFiUSD, a stablecoin redeemable one-to-one for U.S. dollars, and make it available to the platforms retail, professional, and institutional users. SoFi and Payward issued a joint statement on September 3.　　The deal lets institutional traders use a settlement service that was only available to SoFis business banking clients before.　　Kraken customers have the option to settle and hold dollars on both networks at any time.　　SoFis crypto revenue reached $134.3 million in Q2　　Legacy bank rails go dark on nights and weekends, but crypto continues to trade.　　“The financial system should not shut down when markets stay open,” SoFi CEO Anthony Noto said in the announcement.　　Payward Co-CEO David Ripley said, “Money and markets are converging into a new financial paradigm.”　　Kraken Prime is powering the buy and sell buttons in

09-04Industry

Scan reveals 96,000 fake-address outputs clogging Bitcoins unspent database

Blockchain data company Bitquery published a census on Sept. 2 of four ways text appears in Bitcoin, scanning 965,135 blocks and revealing that the same words can impose very different costs on nodes.　　Related Asset Bitcoin #1 BTC · $81,300.78 24-hour change: up 5.47% 24H Up 5.47% 7D Up 1.13% 30D Up 27.11%　　Its study counted 13,062 OP_RETURN taunt transactions that added no spendable state, against 96,231 fake-address text outputs that remain in the unspent transaction output set.　　The March 21-26, 2026, campaign named Bitcoin Core developer Luke Dashjr in the same two-sentence taunt. Bitquery counted 13,062 transactions from 13,062 sending addresses across 579 blocks, with 0.1014 BTC paid in aggregate fees. The chain records the text, timing, inputs, and fees, but it does not identify the payer, author, or motive.　　Across the broader scan, Bitquery classified 4,412,782 OP_RETURN outputs as readable text. Their node cost differs from fake-address text because Bitcoin treats the two output types differently after confirmation.　　Related Person Luke Dashjr CTO · Ocean Mining　　Nodes do not need to retain an OP_RETURN output in the UTXO database used to check whether coins can be spent, although its data remains in Bitcoins block history. The Bitcoin developer guide describes this null-data construction as

09-04Industry

500 Million XRP Leave Binance as Reserves Hit Early 2024 Low

Binances monthly average XRP reserves have fallen by about 500 million tokens since November 2025, according to Cryptoquant. The decline may reflect accumulation and ETF demand, although exchange transfers could also affect the metric.　　Key TakeawaysBinances monthly XRP reserves declined from 3.1 billion to 2.6 billion.The reserve average has returned to a level last seen in February 2024.Self-custody and ETF demand are possible, but unconfirmed, drivers.　　Binance XRP Reserves Fall to 2.6 Billion　　Binances monthly average XRP reserves have declined from about 3.1 billion in November 2025 to 2.6 billion, according to a Cryptoquant assessment by contributor Darkfost, shared on X on Sept. 1. The latest average matches a level last recorded around February 2024. The 500 million figure represents the net change across the period, not one identified withdrawal.　　The contraction continued while XRP completed August with a gain of nearly 30%, according to the analysis, which placed the token near $1.35 on Sept. 1, about 63% below its cited high of $3.66. The accompanying chart shows Binance‘s 30-day reserve average declining broadly alongside XRP’s retreat from its 2025 price peak. As of writing, the token has moved higher, trading at $1.45 after gaining 8% over 24 hours.　　Cryptoquant summarized the finding in a

09-04Industry

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