Crypto World
Polygon CEO Triggers Crypto Community With Vacation Take and Schools Critics
Polygon CEO Marc Boiron says staff time off pains him. His post on X split the crypto industry within hours.
The Polygon Labs boss admitted he prefers speed over rest. Critics called that a fiat mindset, so Boiron answered with a lesson about Bitcoin culture.
Polygon CEO Triggers a Fast Community Backlash
Boiron wrote that he feels torn whenever staff step away from work. He genuinely wants people to relax with their families. However, he cannot stomach the thought of a rival moving faster.
He wrote that time off “pains me so much” and conceded that he struggles to admit the preference. In the end, he prefers the pace over the pause.
The timing sharpened the reaction. Polygon Labs cut nearly 30% of its workforce in January. Then the company trimmed staff again in July while it pivoted toward stablecoin payments.
Both cuts followed a wider industry pivot toward revenue. Many readers therefore judged the post through that lens.
A Bitcoin supporter on X dismissed the stance as a fiat mindset. He also labeled Boiron a shitcoiner and told him to weigh what actually holds value.
Why He Answered With a Bitcoin Lesson
Boiron pushed back with a credential check. He said he worked as an investor, adviser and early lawyer for companies that Bitcoin maximalists admire. He also argued that he knows those founders better than his critics do.
“Before being a ‘shitcoiner’, I’ve been an investor, advisor and early lawyer for some of the most bitcoin maxi companies that bitcoiners love… They understand that bitcoin gets more valuable with time so getting more of it is actually more difficult with time,” Marc Boiron, CEO of Polygon Labs, on X
His argument rests on scarcity. Bitcoiners guard every coin, because each one gets harder to obtain over time. Therefore, he says, they maximize the hours they spend working on Bitcoin.
That reading of the culture remains contested. Maximalists split openly this year over Saylor’s first BTC sale, which exposed real disagreement on strategy.
Polygon itself has momentum to protect. POL, the native token of the network, trades near $0.095 and ranks 71st by market value. Its market cap sits just above $1 billion.
The token has added roughly 25% over the past month. However, the rally stalled after a peak near $0.125 in late August, and POL has drifted sideways since then.
Boiron shows no sign of softening either message. The harder question now sits inside Polygon Labs, not on X. Staff there decide whether the exchange reads as candor or as pressure.
The post Polygon CEO Triggers Crypto Community With Vacation Take and Schools Critics appeared first on BeInCrypto.
Crypto World
Standard Chartered Extends Institutional Bitcoin and Ether Spot Trading to the UAE
Standard Chartered extended its deliverable Bitcoin (BTC) and Ether (ETH) spot trading to institutional clients in the United Arab Emirates on September 3, becoming the first Global Systemically Important Bank (G-SIB) to offer the service in the country.
The offering runs through Standard Chartered DIFC, the bank’s arm in the Dubai International Financial Center (DIFC), which said it is the only global bank currently providing institutional digital asset spot trading in the region.
Built on the UK Launch
The launch adds trade execution to a custody service the bank already runs in the UAE. The trades are deliverable, so clients take possession of the underlying Bitcoin and Ether at settlement, and they can settle through a custodian of their choice, including Standard Chartered’s own digital asset custody solution that went live in September 2024.
Trades run through the bank’s electronic channels and sit inside its existing platforms, letting clients access the two assets through the same FX interfaces they already use. Standard Chartered DIFC is regulated by the Dubai Financial Services Authority (DFSA).
“The UAE has developed a clear digital assets regulatory framework that supports institutional participation and innovation,” said Rola Abu Manneh, Chief Executive Officer for the UAE, Middle East and Pakistan at Standard Chartered. She said pairing execution with custody, governance, and the bank’s global connectivity gives clients a more integrated way to participate in digital asset markets.
Standard Chartered first introduced institutional Bitcoin and Ether spot trading through its UK branch in July 2025, the first G-SIB to offer deliverable spot crypto trading to institutional clients.
“DIFC provides an established platform for international financial institutions to deploy global capabilities across markets,” said Christopher Parsons, Senior Executive Officer at Standard Chartered DIFC. He said the arrangement combines the bank’s global markets network with a regulated base for serving clients across the region.
A Wider UAE Digital Asset Push
The trading service sits inside a broader digital asset strategy that spans custody, trading and tokenization through Standard Chartered’s Corporate and Investment Bank, with its ventures ecosystem reaching into Zodia Markets and Libeara.
The bank already lets institutional clients mint and redeem USDC directly through its DIFC platform, a service it built with Circle. SC Ventures, its innovation arm, has backed a $100 million digital asset joint venture in the UAE with Japan’s SBI Holdings that targets market infrastructure, compliance tools, DeFi and tokenization.
The post Standard Chartered Extends Institutional Bitcoin and Ether Spot Trading to the UAE appeared first on CryptoPotato.
Crypto World
Dogecoin (DOGE) Suddenly Pumps by Double Digits as Analysts Declare the Start of Altseason
The largest meme coin by market cap has soared on Saturday evening to $0.094, hitting a two-week high. The move is rather unexpected given the typically calm nature of the weekends.
However, there were certain signs about a potential rally, even though DOGE has slipped from its local high to $0.09 as of press time.

CryptoPotato outlined yesterday the three major signals that flashed for DOGE, including the TD Sequential. Analysts quickly determined that the OG meme coin is primed for another leg up.
However, that didn’t transpire at first, as the asset was rejected at $0.088 and slipped back down to $0.084 as the entire market bled following the strong US jobs report, which was considered bearish for risk-on assets.
Nevertheless, DOGE exploded on Saturday evening, gaining 12% from its low yesterday to the two-week high at $0.094. Popular analyst CW noted that the meme coin has reached the first major sell wall on its path forward, which is too solid to be broken now. If it falls, though, the next such wall sits all the way up at $0.14.
Fellow analyst Alex Marzell believes DOGE did “exactly what it needed to,” as it rebounded from the Friday lows to reclaim a key resistance.
$DOGE did exactly what it needed to.
Friday’s jobs print dumped it back to the $0.083 base, six flat 4H candles held it, and today one 4H candle ripped $0.0876 to $0.0952 straight back through $0.088.
Old resistance is the new line. Hold $0.088 and I think $0.095 goes next and⦠pic.twitter.com/y7hW91yCek
ā Alex Marzell (@MarzellCrypto) September 5, 2026
Max Crypto also weighed in on DOGE’s impressive move and even suggested that its breakouts have been the “best indicator” for the start of an Altseason.
The post Dogecoin (DOGE) Suddenly Pumps by Double Digits as Analysts Declare the Start of Altseason appeared first on CryptoPotato.
Crypto World
Ripple CEO, Brad Garlinghouse, Calls CLARITY Act Within Reach as XRP Runs
Ripple is trading around $1.44, following a volatile week that saw the token rebound sharply from the $1.31 area and briefly approach $1.48. XRP has gained roughly 6% to 7% over the past week, although profit-taking has kept the token below its recent highs. With the market heading into the weekend, traders are increasingly focused on a potential regulatory catalyst later this month.
Ripple CEO Brad Garlinghouse has given traders another reason to keep the CLARITY Act on their radar. Responding to CFTC Chairman Michael Selig’s comments about the administration’s crypto push, Garlinghouse said that “making America the crypto capital of the world is within reach, let’s finish the job.”
The Senate is scheduled to hold a cloture vote on the motion to proceed to the CLARITY Act on September 15 at 2:15 PM ET. This is not a final passage vote. Instead, the motion requires 60 votes to open the door to formal Senate consideration, meaning the result could determine whether the bill moves forward for debate and further negotiations.
For XRP, the regulatory optimism is arriving alongside a market still sensitive to macroeconomic conditions. The CLARITY Act continues to face disagreements over stablecoin rewards, DeFi rules, ethics provisions, and consumer protections. That leaves XRP caught between a potentially bullish regulatory catalyst and broader market volatility.
Discover: The Best Token Presales
Can Ripple XRP Price Hit $2.50 Next Week?
XRP’s recent rebound has brought the token back toward the $1.40 to $1.48 range after a sharp selloff pushed prices toward the $1.30s. The recovery has been accompanied by stronger trading activity, suggesting traders are repositioning around the regulatory catalyst rather than simply chasing momentum.
Heading into the weekend, XRP remains close to the middle of this range, leaving the $1.35 and $1.50 areas as key levels to watch. The $1.35 area has emerged as an important support zone for the bullish case. A sustained break below it could expose XRP to another test of the low $1.30s, especially if expectations surrounding the CLARITY Act deteriorate.
On the other hand, reclaiming $1.48 to $1.50 would strengthen the short-term setup and potentially open the door toward $1.60. Prediction markets currently show meaningful interest in that level, with Coinbase markets pricing a roughly 67% probability of XRP reaching $1.60 during September.
Longer-term expectations remain considerably more divided. Our current prediction puts a 41% probability of XRP exceeding $2 in 2026 and about 29% for a move above $2.50. That makes the $2.50 target a possible bullish scenario rather than a base case. The market is also pricing substantial uncertainty, with XRP’s year-end outcomes spread across the $1.25 to $2.50 range.
The bigger catalyst remains the Senate’s September 15 cloture vote on the CLARITY Act. The vote is scheduled for 2:15 PM ET and requires 60 votes to advance the legislation toward formal Senate debate. It is not a final passage vote, but failure could effectively derail the bill’s progress this year.
For the weekend setup, XRP holding roughly $1.40 to $1.45 would keep the rebound intact, while $1.50 is the first major upside test, and $1.35 remains the key downside level.
Earn $50 and Enter $300K Prize Draw on EdgeX
Bitcoin Hyper Targets Early Mover Upside as XRP Tests Key Levels
Ripple holders riding this bounce have a fair case for optimism, but let’s be honest about the math: even the bullish $4.40 target represents roughly 3x from current levels on a token with a market cap already in the tens of billions. That kind of upside takes real catalysts and time.
For traders hunting asymmetric setups, early-stage infrastructure plays at a fraction of that valuation are where the multiples get interesting, and Bitcoin Hyper is positioning itself as exactly that kind of bet.
Bitcoin Hyper ($HYPER) bills itself as the first Bitcoin Layer 2 with full SVM integration. It boasts a smart contract execution faster than Solana itself, built on Bitcoin’s base-layer security.
The presale has raised $33 million at a current token price of $0.0136857, with staking rewards already live for early buyers. Its Decentralized Canonical Bridge aims to solve Bitcoin’s long-standing programmability gap without compromising trust assumptions.
Research Bitcoin Hyper before the presale window closes.
Discover: The Best Crypto to Diversify Your Portfolio
The post Ripple CEO, Brad Garlinghouse, Calls CLARITY Act Within Reach as XRP Runs appeared first on Cryptonews.
Crypto World
Why crypto experts say buying and holding bitcoin easily beats trying to time the market

A historical analysis of bitcoin price performance from 2010 through 2026 demonstrates that the vast majority of the asset’s annual returns occur during a tiny fraction of the calendar year.
Crypto World
Everyman Economics: Why Growth Requires Measuring More than GDP
In its 250th year, America finds itself confronting an age-old question with new urgency: what, exactly, counts as progress? 1776 was a hinge year for the modern world. Adam Smith published The Wealth of Nations, America adopted the Declaration of Independence, and Matthew Boulton and James Watt commercialized the steam engineāthree developments that unleashed an age of capitalism, bringing unprecedented growth and unprecedented inequality.
And while growth and inequality are often treated as separate stories, fetishized respectively by the right and the left, corporate America and labor unions, and Wall Street and Main Street, this Novemberās midterm elections will put them on a collision course. But they have always gone hand in hand, their fates inextricably intertwined.
Americaās triumphs are real. The United States is still the worldās largest economy. It remains a global engine of innovation. Its stock market is booming thanks to artificial intelligence, while its capital markets remain the deepest and most powerful in the world. And despite tariffs, a labor market slowed by restrictive immigration and repeated energy price shocks, its growthāas attested to by its $32.3 trillion GDP, larger than China, India, and Germany combinedāappears to defy the odds and remains resilient.
Yet this dynamism is only half the story. Affordability has become the defining issue of the moment, and many signs indicate that the midterms in November will be decided on that basis. The Pew Research Center has found that the voters place the economy front and center by a wide margin, even as only 24% of Americans describe it as āgoodā or āexcellent.ā Gallup, meanwhile, reports that voters identify the cost of living as their foremost concern in the election.
GDP, the single statistic that now determines a countryās economic might, traces its roots to the scholarship of the American economist Simon Kuznets during the Great Depression, particularly his landmark 1934 report, National Income, 1929-1932. But as the Cambridge economist Diane Coyle points out, Kuznets was, himself, aware of the many flaws and pitfalls of the metric he had developed and warned against confusing economic output with human welfare.
What even fewer people know is that the āgodfatherā of GDP was also a pioneer in the study of inequality. The Kuznets curveāhis famous prediction that inequality would eventually decline as economies grew richerāis not one history has obliged, but it points to the Janus-headed quality of modern capitalism.
Indeed, itās been exactly 15 years since the Occupy Wall Street protests radiated out of Zuccotti Park in New Yorkās Financial District. Born in the aftermath of the Great Recession of 2008, the movement became the most visible public outcry against economic inequality in recent American history and gave the country an enduring rallying cry: āWe are the 99%.ā
While the movement dissipated, the issues it raised have not. If anything, the concerns it foregrounded have migrated from the political margins to the mainstream in American politics, championed by progressive figures like Bernie Sanders, Alexandria Ocasio-Cortez, and Zohran Mamdani.
The World Inequality Report 2026 finds that the top 0.001% of the globeās population own āthree times more wealthā than the entire bottom half of humanity combined, and within āalmost every region, the top 1% aloneā hold more wealth than the bottom 90% combined. Inequality in America is no longer only a question of who has more; increasingly, it is a question of who has enough to make ends meet. According to the Brookings Institution, 45.5% of American households do not earn enough to cover even basic necessities, with housing, health care, and childcare among the most acute pressures.
The problem is that a single statistic can conceal as much as it reveals. GDP can tell us how the economy is performing without telling us how Americans are faring. It can tell us how much an economy produces, but not who receives the rewards, whether those gains improve peopleās lives, or what is destroyed and what is sacrificed in producing them.
Some of the things on which society most dependsāunpaid caregiving, clean air, cohesive communitiesābarely register in its accounts. Economists classify many of these costs as āexternalitiesā: consequences borne by people and places that fall outside the transaction being measured.
Climate change provides perhaps the starkest example of GDPās glaring blind spots. A natural disaster can destroy homes, lives, and ecosystems without being registered as an equivalent loss in GDP; the money spent to rebuild afterward, meanwhile, counts as additional economic activity. The meter can rise even as human welfare falls.Ā
But the two metricsāGDP, our shorthand for growth, and the Gini coefficient, our shorthand for inequalityāare not rival ways of describing the economy so much as incomplete halves of the same story; the two key consequences of capitalism, joined at the hip. One shows us how large the pie has grown; the other, something about how it has been sliced.
On growth and inequality
When it comes to growing the pie, the relentless efficiency of global capitalism in allocating resources is hard to match. It has allowed, in the aggregate, societies to eke out more from finite resources than ever before. Its advocates point out that most people live longer and better lives: they are better fed, more securely housed, and better protected against diseases that once routinely killed them.
Capitalismās champions can reasonably claim that it has helped lift much of humanity above bare subsistence while proving more compatible with individual freedom than its major rivals. It holds out the promise of a game that everyone has an equal chance to playāand win. Its defenders often invoke the specter of repression and unfreedom associated with state-led communism or socialism as a cautionary tale.
Capitalismās unique two-plus-two-equals-five qualityāits capacity to produce more than the sum of its partsāmay also have helped pave the way for the material foundations of modernity. The shift from sustenance to surplus created, in many ways, the foundations for our moral revolutions, from liberalism and feminism to cosmopolitanism.
Yet, beyond some vague gestures toward ātrickle-down economics,ā the disciplineās approach has largely been to focus on growing the pie and argue about slicing it later. Economics has tried to separate the two: markets create wealth; politics distributes it. Friedrich von Hayek, the Nobel Prize-winning economist, who was an early and influential proponent of free-market economics, warned against the āfatal conceitā that governments could know enough to design an economic order from above.
The KaldorāHicks principle, a dominant idea in modern economics, offered a technical basis for avoiding the reckoning with distributive questions. An outcome counts as an improvement if the winners gain enough that they could compensate the losersāeven if they never do. That āeven ifā is a significant caveat.
Kenneth Arrowās Impossibility Theorem, another foundational result in economics, exposes the deeper difficulty: there is no perfect mathematical procedure for turning individual preferences into a coherent collective choice. At some point, as even mainstream economists recognize, economic calculation must give way to political judgment. It follows that morality should trump mathematics.
But what if inequality is baked into the pie itself? Thomas Piketty coined the famous formulation for the notion that the odds may be stacked against the ordinary person: r > g, the proposition that the return on capital tends to exceed the rate of economic growth. History suggests that the playing field was never level.
In Empire of Cotton and, now, Capitalism, Sven Beckert excavates the blood-soaked origins of modern capitalism through slavery, colonialism, and state power; Ha-Joon Chang shows how rich countries used tariffs and industrial policy before prescribing freer markets to poorer ones. Such empirical evidence reinforces a broader idea: markets do not simply materialize, as the spectral metaphor of the āinvisible handā suggests. Markets are madeāby human hands.
If the economy is a game, then the question is not merely who wins and who loses. The question instead is: Who designed the board, who wrote the rules, and whether the game was rigged from the start? Today, capitalism treats Monopoly money as real while human beings are reduced to pieces on a chessboard.
Perhaps the most important omission from the current economic paradigm concerns the psychology of the sport. Research on āinequality aversion,ā the idea that who gets what matters as much as how much there is, suggests that people care deeply about how the pie is sliced, even when a fairer division means settling for a slightly smaller one.
The economics of the everyman
Can growth, given enough time, deliver widely shared prosperity, as capitalismās champions still insist? Or does the way the game is designed predetermine who benefits from growth? Far from disappearing, could excessive inequality gnaw away at the very foundations of economic growth?
GDPās shortcomings have inspired repeated attempts to devise a better answer. In Mismeasuring Our Lives, Joseph Stiglitz, Amartya Sen, and Jean-Paul Fitoussi argued for moving beyond economic production and measuring well-being, distribution, and sustainability. Senās capabilities approach asks a still more fundamental question: not merely what resources people possess, but what those resources actually enable them to be and to do.
The late Pakistani economist Mahbub ul Haqās Human Development Index, inspired in part by Senās work, was an attempt to translate that insight into numbers, treating health, education, and income as measures of human progress.
The point is not to dispense with GDP. Growth matters enormously. It has financed scientific discovery, lengthened lives, reduced material deprivation, and expanded the range of human possibility. But human progress may be better represented by a dashboard of indicators rather than by a single number. More fundamentally, what should be a means to an end has too often become an end in itself. A metric intended to crudely measure the output of the market economy has gradually acquired the authority to tell us whether society itself is succeeding.
Americaās 250th anniversary offers an unusually apt moment to question that bargain. The Declaration of Independence did not promise Americans the pursuit of economic growth. It promised something considerably more ambitious: the pursuit of happiness. Two and a half centuries later, perhaps the most important economic question America can ask is also the simplest: Who is the economy for?
Fittingly, this fall, American voters will have an opportunity to offer their answer. If the elections of the past decade were won in part by rejecting an outdated economic playbook, 2026 may present a more constructive opportunity: not merely to discard the economic playbook, but to redesign and rewrite it with Everyman, the ordinary American, as its protagonist.
Adapted with permission from Everyman: The Untold Story of Economics by Antara Haldar.
Crypto World
Putin Pauses Strikes on Kyiv as Trump Envoys Visit Russia and Ukraine
Trump attempts to revive stalled Ukraine-Russia peace talks
Trump has repeatedly stated that ending the Russia-Ukraine war is a major priority of his Administration, but the reality of that aim has proven difficult.Ā
In August 2025, the U.S. President met his Russian counterpart in Anchorage, Alaska, to pursue a ceasefire agreement. The talks proved unsuccessful, and Trump left empty-handed.
In October 2025, Trump and Putin planned to meet in Budapest in hopes of furthering peace talks. But the summit was canceled just a few days after the summit was announced after Russia indicated that its hard-line stance on the war had not shifted.
āIt just didnāt feel right to me,ā Trump said at the time. āIt didnāt feel like we were going to get to the place we have to get. So I canceled it.ā
Strain between Trump and Zelensky also impeded progress. In February 2025, Oval Office talks collapsed within minutes when the U.S. President accused Zelensky of being āungratefulā for U.S. aid and refusing to agree to a ceasefire without security assurances. In the 18 months since, however, that tension has largely dissipated, with Trump saying at this yearās NATO summit that the two had āactually developed a good relationship.ā
Crypto World
Bitcoin Holders Just Cashed Out 110,000 BTC in Profits: Is a Bigger Price Drop Coming?
CryptoQuant data shows that bitcoin investors started realizing major profits after the explosive August rally, disposing of roughly 110,000 BTC in just a few weeks.
Such highly concentrated profit-taking developments have historically been followed by substantial price correction for the underlying asset, the analysts warned. Moreover, several demand indicators have weakened, which could add to the selling pressure.
110K BTC Profit Taken
The major run that began on August 19 at prices of under $65,000 drove the leading cryptocurrency to almost $80,000 in just two days. According to CQ’s latest weekly report, holders realized net profits of 23,000 BTC on that day alone (August 21), which became the largest single-day profit realization this year.
The asset indeed dipped in the following days as it felt almost inevitable after such a gigantic jump, but went on the offensive once again in the following week or so. It rocketed past $82,000 on Friday before it was rejected following the US jobs report, and now sits below $80,000.
The report described the major profit-taking as a classic characteristic of a bullish cooldown, but warned that if they continue at such a rapid pace, the asset’s price could be primed for another correction. Historical occurrences have shown that BTC tends to dump hard after a major rally if investors are not convinced about its potential.
“It is a hallmark of a bullish cooldown: bullish because it happens into strength, cautionary because concentrated realization can cap near-term upside,” reads the report.

Cooling Demand
CryptoQuant outlined another reason why BTC could be primed for a more profound correction, even though it already slipped from $82,400 to $79,600. Its apparent spot demand briefly expanded by 43,000 units, marking its fastest growth pace of the year. However, that metric has lost its momentum and is now back in contraction.
US investors’ demand has weakened as well. The most used metric for this, the Coinbase Premium, measuring the price difference between the asset on the leading US exchange and other trading platforms, has returned to slightly negative territory at -0.05.
The analysts said similar periods of soft US spot demand have capped the cryptocurrency’s rallies three other times this year alone.
Nevertheless, the short-term picture does not necessarily mean that BTC’s run is over and that it will return to a bearish phase. The Bull Score currently stands at 70, which is above the 60 threshold historically associated with sustainable bull markets.
” This keeps the broader picture constructive: Bitcoin remains in the early phase of a new bull market even as short-term momentum cools. The “official” bull market begins once price closes above its 365-day moving average,” they added, outlining that this key MA is located at around $83,000 – the level that stopped BTC in May.
The post Bitcoin Holders Just Cashed Out 110,000 BTC in Profits: Is a Bigger Price Drop Coming? appeared first on CryptoPotato.
Crypto World
Dollar-backed stablecoins can push local currencies lower, Bank of Korea study finds

Buying pressure in Binance-paired currencies correlates with local currency depreciation as market makers balance positions.
Crypto World
Bitcoin Price Analysis: The Good and the Bad for BTC After Latest $82.4K Rejection
Bitcoin remains locked in a post-breakout consolidation phase, but the latest rejection from the upper end of the structure shows that buyers are still struggling to generate sustained momentum above $80K. The broader trend remains constructive, although the current range leaves BTC vulnerable to further liquidity-driven swings before its next directional move.
Bitcoin Price Analysis: The Daily Chart
Bitcoinās daily structure remains significantly stronger than it was before the August breakout. The asset is holding well above the former $72K-$74.5K resistance zone and both moving averages, preserving the broader bullish shift despite the recent loss of momentum.
However, BTC has repeatedly encountered selling pressure inside the $80.5K-$82.5K resistance zone. The latest attempt briefly pushed toward $82K before being rejected, sending the price back below $80K. This inability to establish acceptance above the resistance area suggests that supply remains active at higher prices.
At the same time, the asset continues to trade within a gradually ascending channel. Its lower boundary currently sits around the $76K-$77K region, making this the most important nearby structural support. As long as BTC remains above this area, the ongoing price action can still be interpreted as consolidation following the sharp rally rather than a confirmed bearish reversal.
A decisive breakout above the $80.5K-$82.5K zone would strengthen the continuation scenario. Conversely, losing the channel support around $76K-$77K could trigger a more substantial correction, with the former $72K-$74.5K breakout zone becoming the next major area of interest.
BTC/USDT 4-Hour Chart
The 4-hour chart highlights the marketās current indecision more clearly. BTC rallied from the lower boundary of the ascending structure near $76.5K-$77K and quickly tested the $81K-$82K area, only for sellers to reject the move once again.
Price subsequently dropped toward $79.5K and has entered a tight short-term consolidation. This creates a notable contrast between the rising channel structure and the repeated failures near its upper boundary. Buyers are still defending higher lows, but they have yet to demonstrate enough momentum to convert the $80.5K-$82.5K supply area into support.
The $76.5K-$77.5K region therefore remains crucial. Another test of this zone could determine whether the ascending structure survives. A strong reaction would keep a renewed push toward $81K-$82K in play, whereas a breakdown would indicate that the consolidation is transitioning into a deeper corrective phase.
Sentiment Analysis
The one-week BTC liquidation heatmap shows substantial liquidity on both sides of the current price, which supports the possibility of continued choppy trading and liquidity sweeps.
Above the market, notable liquidation concentrations appear around $81K-$82K and extend toward approximately $84K. These clusters could attract price if buyers regain momentum.
However, the downside liquidity is particularly relevant following the latest rejection. A broad and comparatively dense concentration is visible below the market, especially around the $76K-$78K region. This aligns closely with the lower boundary of the ascending technical structure.
As a result, a downside liquidity sweep toward $76K-$78K remains a plausible near-term scenario before another recovery attempt. Such a move would not automatically invalidate the broader bullish setup, but a sustained breakdown beneath this region would increase the probability of a deeper retracement toward the $72K-$74.5K support zone.
The post Bitcoin Price Analysis: The Good and the Bad for BTC After Latest $82.4K Rejection appeared first on CryptoPotato.
Crypto World
Link Nears 50% Monthly Gain After Major Banking And Government Deals
Chainlinkās LINK token has climbed nearly 50% over the past month, with the latest rally pushing its price above $12 as partnerships with financial institutions and U.S. government entities strengthens the marketās focus on the networkās role in traditional finance.
LINK gained about 8% in 24 hours on September 4, bringing its market capitalization to roughly $9 billion and placing it among the largest crypto assets by market value. The move has coincided with a broader crypto recovery but has also been supported by several developments involving Chainlinkās infrastructure.
Key Takeaways
- LINK has gained nearly 50% in one month and recently moved above $12.
- Chainlink partnered with Bottomline, which serves more than 600 banks and processes over $16 trillion in annual payments.
- The U.S. Department of Commerce is using Chainlink infrastructure to bring selected economic data onchain.
- Wyoming has expanded its use of Chainlink for its state-issued stablecoin, while Standard Chartered sees LINK reaching $200 by 2030.
Chainlink Expands Its Connection To Banking Infrastructure
On September 3, when Chainlink announced a strategic partnership with Bottomline, a major provider of payment technology used by hundreds of banks, the news added momentum.
Bottomlineās platforms reportedly process more than $16 trillion in payments each year and serve over 600 banks.
Through the agreement, Chainlink will provide an interoperability layer designed to connect existing payment systems with both public and private blockchains.
Notably, the integration is intended to allow financial institutions to use ISO 20022 messages to interact with blockchain-based payment infrastructure without having to build separate connections for individual networks.
The development adds to Chainlinkās growing involvement in financial infrastructure as banks and other institutions explore blockchain-based settlement and tokenized assets.
āBottomline moves more than $16 trillion in payments annually across its platforms. Through the partnership, Chainlink is providing the secure interop and orchestration layer connecting Bottomlineās existing payment infrastructure to public and private blockchains.ā Chainlink tweeted.
U.S. Government Data Moves Toward The Blockchain
Chainlink has also gained exposure to a U.S. government initiative. On September 1, the project announced that the Department of Commerce would use its infrastructure to make selected economic data available onchain.
The data includes real gross domestic product, the personal consumption expenditures price index and actual final sales to domestic private domestic buyers.
The initiative could allow blockchain applications connected to Chainlinkās infrastructure to access updated government economic data, creating another potential use case for decentralized data delivery.
Wyoming Deepens Chainlink Stablecoin Integration
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