Ethereum’s exchange supply has fallen sharply over time. There are now 6.06 million ETH on such platforms compared with 22.9 million at the network’s June 2020 peak.

According to Santiment’s estimates, that represents a 73% decline in easily sellable supply.

Ethereum’s Supply Drain

Fewer ETH sitting near order books means less supply available for market sells and panic exits. The decline is supported by ETH moving into staking, ETF wrappers, treasury strategies, and long-term custody.

Validators are also locking the crypto asset to help secure the network. The analytics firm explained that demand does not need to surge for price moves to become stronger. As liquid supply shrinks, even smaller waves of buying can have a larger impact.

ETH remains at a structural inflection point, according to Crypto Patel, who identified the $2,567-$2,666 zone. A rejection could send the crypto asset toward $2,150, $2,000, or $1,800. A confirmed higher-timeframe close above $2,666 could instead open the path toward $3,100 and $4,000.

Meanwhile, Daan Crypto Trades stated that the asset has been on another “rollercoaster” ahead of the CLARITY Act vote and FOMC. Traders have been pre-positioning around the uncertainty. That has created high volatility and caused both sides to get taken out. The analyst sees little hope around the vote right now. If the vote fails or gets pulled, more downside is expected, followed by chop into the FOMC. After that, price action could become somewhat more normal again.

A Growing Treasury

One company in particular has been steadily adding to its Ethereum position. BitMine now holds 5,956,378 units after adding 27,180 tokens over the past week.

That gives the company 4.9% of Ethereum’s 122 million total supply. Its stated goal is to reach 5% under its Alchemy of 5% strategy. It has reached 98% of the way toward the target after buying the token every week since June 30, 2025. Most of its treasury is already staked. The company has 5,067,309 units locked through its MAVAN validator network. That is about 85% of its ETH holdings.

Tom Lee expects annualized staking revenue to reach $334 million. The estimate rises to $392 million once the entire ETH treasury is staked. Bitmine’s total crypto, cash, and moonshot holdings stood at $15.8 billion.

Separately, Ethereum ETFs recorded nearly $197 million in net inflows last week. The final trading session saw $216.4 million flow into the funds, which more than offset earlier outflows. The bullish momentum has carried into the new week. Monday brought another $121 million in net inflows, which pushed the monthly total closer to $450 million.

The post Ethereum Holders Are Pulling ETH Off Exchanges at a Historic Pace appeared first on CryptoPotato.

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In climate change crypto news, Bitcoin miners have spent years pitching hydropower as proof the network can run clean. Ethiopia just showed what happens when the water backing that pitch stops showing up on schedule.

The state utility slashed electricity supplied to Bitcoin and other data-mining companies by roughly 75%, leaving them with about 23% of contracted power.

The question worth asking isn’t whether climate change killed Bitcoin mining in Ethiopia; it didn’t, but whether this is an isolated dry spell or a preview of what hydro-dependent mining hubs should expect more often.

This news dropped as BTC USD trades for $76,850, down -1.2% over the past 24 hours, following a -2.2% drop over the last seven days. Daily trading volume sits at $31.9Bn.

Climate Change Crypto News: Why Ethiopia’s Hydro-Powered Mining Bet Is Under Stress

Bitcoin-mining companies accounted for 35% of Ethiopian Electric Power Corp.’s revenue in the past financial year and consumed almost a third of the country’s total electricity production of 9,730 megawatts, according to Bloomberg.

That’s not a rounding error in a national power system; it’s a customer segment large enough to move the utility’s balance sheet and its dispatch decisions in the same breath.

EEP’s installed generation capacity grew 23% to that 9,730 MW figure over the past year, yet capacity utilization still fell to 60% against a 67% target, according to the Ethiopian Business Review. Data mining alone generated 50.37 billion birr in the last fiscal year, more than any other customer category.

The 23% figure making headlines is easy to misread. It’s the share of contracted mining supply that EEP is currently delivering, not 23% of Ethiopia’s total electricity consumption.

That distinction matters for anyone trying to size the real exposure here: mining’s slice of national output is still material, but the cut is a curtailment of one customer class, not a systemwide blackout.

For traders watching how operational risk feeds back into sentiment, it’s worth pairing this against the broader macro risks already weighing on BTC’s price action.

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Cheap Renewable Power Is Still Weather-Dependent

The cut in power supply is primarily due to reduced inflows into Ethiopia’s hydroelectric dams, which generate about 95% of the Ethiopian Electric Power (EEP) output.

CEO Ashebir Balcha said the reduction was a pre-emptive measure ahead of a dry period, with incoming water levels tracking at least 20% below expectations.

Consequently, EEP adjusted its revenue and supply forecasts and reported losses of up to 50 megawatts per generating unit as reservoir levels declined.

While the situation highlights seasonal hydrological changes rather than direct climate change impacts, it underscores that a low-carbon power source isn’t always reliable. This distinction is important when considering Bitcoin price forecasting tied to stable global hashrate growth.

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The Strongest Case Against Reading This as the Climate Change Crypto Reckoning

It’s tempting to read a 75% power cut as evidence that hydro-powered mining is fundamentally unsound. That reading overshoots what’s actually documented.

EEP said it plans to reassess its position in October, once clearer data on generation capacity for the new water year comes in – this reads as a seasonal management decision with a defined review point, not an announced phase-out.

The primary evidence describes a utility responding to declining inflows by protecting public supply, then explicitly planning to revisit the decision once the picture clarifies.

Broader claims circulating about a 2025 permit freeze, tariff reform, or a formal transition plan for crypto mining in Ethiopia sit outside what’s verified here and should be treated as separate reporting threads rather than confirmed facts tied to this event.

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The post Climate Change and Crypto: Ethiopia’s 75% Power Cut Tests Bitcoin Mining’s Green Pitch appeared first on Cryptonews.

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XRP’s post-rally cooldown continues to take shape, with the asset struggling to convert its August surge into a renewed impulsive advance. The price remains trapped within a corrective structure, leaving the next breakout as the key signal for determining whether buyers can regain control.

Ripple Price Analysis: The Daily Chart

On the daily timeframe, XRP is trading around $1.40 after the explosive move from roughly $1.00 toward $1.55. Since that rally, however, the market has transitioned into a descending channel, producing a sequence of lower highs while volatility gradually contracts.

The latest rebound from the $1.32-$1.35 support area was rejected near $1.48, where the price also encountered the channel’s upper boundary. This rejection reinforces the descending trendline as the main technical obstacle. At present, that resistance is approaching the $1.43-$1.45 area.

Therefore, a confirmed daily breakout above the channel could represent an important bullish structural shift. In that case, XRP could initially challenge the previous $1.48-$1.55 highs before potentially targeting the major $1.61-$1.70 resistance zone.

On the downside, the $1.33-$1.36 region remains the nearest significant support. A breakdown below this area would weaken the recovery scenario and could expose the lower channel boundary, which is gradually converging toward the broader $1.22-$1.27 demand zone.

XRP/USDT 4-Hour Chart

The 4-hour chart shows the corrective structure more clearly. XRP recently bounced strongly from the $1.34-$1.36 support zone and rallied toward $1.48, but buyers were unable to break through the descending channel resistance. The rejection has since returned the price to approximately $1.40.

This leaves XRP caught between the $1.34-$1.36 support zone and descending resistance around $1.43-$1.45. A breakout above the latter would be the first meaningful indication that short-term momentum is shifting back toward buyers, potentially opening the path toward $1.48 and then $1.53-$1.55.

Conversely, another rejection followed by a loss of the $1.34-$1.36 support area would favor continuation of the correction. In that scenario, the lower boundary of the descending channel could become the next target, with the larger $1.22-$1.27 support zone providing a more substantial area of demand underneath.

For now, XRP remains in a corrective phase rather than a confirmed bearish breakdown. The reaction at the channel boundaries should provide the clearest indication of the next directional move.

The post Ripple Price Analysis: XRP Trapped in Descending Channel as Key Levels Loom appeared first on CryptoPotato.

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A Brazilian bank collapse that cost depositors and insurers billions has now reached the country’s Supreme Court and presidential election.

Banco Master failed in November 2025 after attracting hundreds of thousands of savers with unusually high returns. Ten months later, allegations around its owner, Daniel Vorcaro, have pulled one of Brazil’s most powerful judges into the scandal.

On September 15, the Supreme Court is due to consider whether Justice Alexandre de Moraes should face an investigation over his contacts with Vorcaro. The hearing puts the court in the extraordinary position of examining one of its own members.

Brazil’s Biggest Banking Scandal?

Police evidence released this month alleges that the Bank’s owner Vorcaro contacted Justice Moraes shortly before his arrest. Moraes’ wife’s law firm also held a R$130 million contract with Banco Master.

Moraes denies wrongdoing. He has accused Justice André Mendonça, who oversees the investigation, of abusing his authority by releasing the material. The dispute has added a new layer to an already costly banking failure.

Banco Master had offered CDBs paying as much as 140% of Brazil’s CDI benchmark. It used that expensive funding to grow quickly while holding complex and illiquid assets.

Then the model broke.

Brazil’s central bank liquidated Master after citing a severe liquidity crisis and serious violations. The country’s deposit guarantee fund has since paid about R$40.2 billion to 722,000 clients linked to the group.

The legal consequences could extend further if investigators establish a conflict involving Moraes.

The legal consequences could extend further if investigators establish a conflict involving Moraes. “Potentially, but not automatically,” said João Luiz, managing partner at J. Pereira Advogados, when asked whether previous rulings could face challenges.

He said proven misconduct would not erase Moraes’ entire judicial record. However, defendants in individual cases could have stronger grounds to challenge decisions if they prove he lacked impartiality.

Meanwhile, the scandal has entered Brazil’s election campaign.

Senator Flávio Bolsonaro has called for Moraes’ removal and told supporters that voting for the current President Lula da Silva means supporting this scandal. 

“Anyone who votes for Lula is voting for Alexandre de Moraes,” said Bolsonaro. 

But even Bolsonaro is not free from this scandal. He also faces questions over financing linked to the Bank for a film about his father. He denies wrongdoing.

A bank that once sold extraordinary returns has now created a much larger problem for Brazil. This has now turned into a fight over trust in its courts, regulators and political system.

The post A $10 Billion Bank Collapse Is Now Shaking Brazil’s Election appeared first on BeInCrypto.

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Bitcoin is entering a potentially decisive macro catalyst with its short-term structure already under pressure. The asset has drifted back toward the lower boundary of its recent consolidation, while the market awaits tomorrow’s FOMC interest-rate decision, an event that could trigger a sharp expansion in volatility as expectations remain heavily skewed toward a rate increase.

Bitcoin Price Analysis: The Daily Chart

On the daily timeframe, Bitcoin is trading around $77K after repeatedly failing to establish itself above the $80K-$82.3K resistance zone. The rejection from this area has gradually weakened momentum, with the latest sequence showing lower highs and renewed pressure toward the lower end of the post-breakout range.

Despite this weakness, the broader structure has not broken down yet. The explosive August rally remains intact as long as BTC holds above the major support areas underneath. The first significant downside region is the $72K-$74K zone, with the 0.5 Fibonacci retracement positioned near $72.5K. Below it, the 0.618 retracement around $70.2K and the moving average provide another important confluence.

Therefore, a deeper correction toward $72K-$74K would not necessarily invalidate the broader bullish structure. However, continued rejection from $80K-$82.3K combined with a loss of these lower supports would indicate that the post-breakout correction is becoming considerably more significant.

BTC/USDT 4-Hour Chart

The 4-hour timeframe puts the immediate risk into sharper focus. BTC has been moving inside a broad ascending channel since the August breakout, but recent price action has progressively shifted toward its lower boundary.

The latest rejection from around $79K has pushed BTC back to roughly $76.9K, placing the market directly around the ascending support near $76K-$77K. This makes the current area particularly important. A decisive breakdown could confirm that the multi-week consolidation is resolving lower rather than simply continuing within the channel.

In that scenario, the $72K-$74K support zone becomes the primary downside target. Conversely, another successful defense of $76K-$77K could preserve the range and allow BTC to rotate back toward $79K-$80K, followed by the major $80.5K-$82.3K resistance zone.

With the FOMC meeting approaching tomorrow, however, short-term technical signals may become less reliable as traders wait for the interest-rate decision. The proximity of price to channel support means that any volatility generated by the announcement could determine whether the current structure survives or finally breaks.

Sentiment Analysis

Bitcoin’s Futures Average Order Size provides additional context on participation in the derivatives market. The latest readings are predominantly gray and light green around the $77K-$80K region, indicating a mixture of normal orders and smaller whale activity rather than clear dominance from exceptionally large participants.

Notably, the recent price recovery toward $80K has not been accompanied by the kind of concentrated large-order activity that would clearly signal aggressive conviction from major futures traders. This fits with the hesitant price action visible on the technical charts, where BTC has struggled to generate sustained momentum despite remaining relatively close to its recent highs.

With the FOMC decision now approaching, this lack of decisive positioning may also reflect traders reducing conviction ahead of a major macro event. A meaningful increase in larger orders after the announcement, particularly alongside a confirmed move away from the current $76K-$77K support area, could provide a stronger indication of where institutional futures participants expect Bitcoin’s next directional leg to develop.

The post Bitcoin Price Analysis: BTC Tests Key Support Ahead of Crucial FOMC Decision appeared first on CryptoPotato.

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