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Crypto trader Ansem voiced a bullish view on BTC, saying the gap between Bitcoin and gold is likely to keep narrowing. In a post on X, Ansem said BTC, when priced in gold, failed to surpass its previous peak in the last cycle. Ansem added that if the argument that BTC is the best digital hard money is correct, the gap between BTC and gold should continue to shrink. Ansem also said the gold market is worth $30 trillion, compared with $1.7 trillion for BTC, and argued that as the gap narrows, governments will have a stronger rationale to hold BTC like gold.

Veteran trader Peter Brandt shared an XRP daily chart alongside an image of a coffee cup, suggesting a possible cup-and-handle formation, a bullish chart pattern. The key resistance level Brandt highlighted was $1.6572, about 8.8% above the $1.5230 price shown when the chart was shared. A cup-and-handle pattern is typically viewed as bullish if price breaks above the upper resistance line. Brandt did not provide a specific upside target.

South Korea’s Financial Supervisory Service will launch financial education aimed at strengthening asset-management skills among job seekers and preventing losses from virtual-asset investment scams and fraudulent high-paying overseas job offers, The Herald Business reported. The agency plans to brief prospective graduates and job seekers on scam cases involving promises of guaranteed high returns or impersonation of employees at virtual-asset exchanges and foundations, as well as ways to avoid such schemes.

An anonymous whale deposited 654,288 UNI worth $5.96 million into Coinbase two hours ago, according to ai_9684xtpa. Such transfers to exchanges are typically interpreted as intended for selling.

Bitcoin posted a cumulative return of about 225% over the past three years, but that flips to an 11% loss if investors missed its 15 best trading days, Grayscale found. Zach Pandl, head of research at Grayscale, said based on Bloomberg data that BTC returns fall to 95% if the top five trading days are excluded and to 27% if the top 10 are removed. Over the same period, the Nasdaq 100 rose 109% and still delivered a 21% return even with its top 15 trading days excluded. Pandl added that because BTC’s gains were concentrated in a small number of trading days, investors waiting for volatility to ease or for a clearer market direction could miss sharp upside moves. For those seeking long-term returns, Pandl said consistently maintaining BTC exposure may be better than trying to time market entry.

CoinMarketCap’s Altcoin Season Index stood at 63. The metric is calculated by comparing the price performance of Bitcoin and the top 100 cryptocurrencies by market capitalization, excluding stablecoins and wrapped coins. A reading is considered altcoin season when 75% of the top 100 coins have outperformed Bitcoin over the past 90 days, while the opposite is considered Bitcoin season. A higher reading closer to 100 indicates stronger altcoin-season conditions.

Meme coin trading platform GMGN transferred 11,999.5 ETH to a Coinbase staking address, according to ai_9684xtpa. GMGN sold ETH worth $16.38 million a week earlier.

Better Markets, a nonprofit focused on financial markets, criticized the U.S. Commodity Futures Trading Commission’s push to broaden its jurisdiction over cryptocurrencies. Benjamin Schiffrin, Better Markets’ director of securities policy, argued the CFTC and the U.S. SEC are competing to win favor with the crypto industry, while the CFTC is seeking to expand its authority by treating some crypto transactions like futures contracts even though cryptocurrencies differ from futures. Schiffrin also said the CFTC does not have the same investor protection mandate as the SEC, and the legal authority it is now citing was originally created to prevent fraud in precious metals markets. He added that it is inconsistent to say such efforts are meant to prevent another FTX-style collapse while also considering allowing affiliated relationships among market participants that contributed to FTX’s failure.

The spot CVD chart is an order-book analysis chart for the BTC/USDT spot trading pair. The upper panel shows the volume heatmap, while the lower panel shows cumulative volume delta, or CVD. - The volume heatmap in the upper panel tracks trading volume at each price level. The background color becomes brighter when the price stays in a specific range for an extended period or makes a large move. Brighter zones may act as support or resistance levels. - The cumulative volume delta indicator in the lower panel reflects buy and sell orders by order size. As buy orders increase, the line in the corresponding color rises. The yellow line is based on $100 to $1,000 orders, while the brown line reflects large orders of $1 million to $10 million, among others.

CoinMarketCap’s in-house crypto fear and greed index came in at 67, down two points from yesterday, with the market remaining in greed territory. The index signals extreme fear when it is closer to zero and extreme optimism when it is closer to 100. CoinMarketCap calculates the index based on price moves among the top 10 cryptocurrencies by market capitalization, market volatility, derivatives-market indicators such as the put/call ratio, the stablecoin supply ratio, and CoinMarketCap’s own search data.

MoonPay, a global crypto payments and stablecoin infrastructure company, is partnering with KB Kookmin Card to develop a model for foreign visitors to make payments at South Korean merchants and for cross-border stablecoin payments, Digital Asset reported. The two companies first plan to develop a service that would allow foreign users to pay at South Korean merchants using stablecoins and other digital assets.

Grayscale has filed an H-K disclosure report with the U.S. SEC related to a Hyperliquid (HYPE) staking ETF.

Vivek Ramaswamy, the Republican candidate for Ohio governor, has maintained his pro-crypto stance but is not making it a central campaign issue, Cointelegraph reported. According to the report, Ramaswamy’s crypto messaging in this race is markedly less prominent than it was during the 2024 U.S. presidential primary, when he strongly backed Bitcoin and clearly opposed the adoption of a central bank digital currency. His ties to the crypto industry remain strong, however. Ramaswamy holds about 5.69 million shares of Strive stock, with the stake valued at more than $170 million. Strive also held 23,156 BTC worth around $2 billion as of Aug. 28.

Crypto exchange Bullish has listed USDsui, Sui’s U.S. dollar stablecoin, Crypto Briefing reported. USDsui launched in March this year and is issued at a one-to-one ratio by Stripe subsidiary Bridge through its open issuance platform. Its reserves consist of U.S. Treasuries, repurchase agreements, money market funds and cash. Unlike most fiat-backed stablecoins, yield generated from the reserves is used for SUI buybacks and DeFi liquidity incentives in the Sui ecosystem.

Lance Bitanza, a managing director at global investment bank TD Cowen, projected at the New York Bitcoin Treasury Conference that Bitcoin could reach $132,000 by 2027, Bitcoin Magazine reported. He said Bitcoin is expanding beyond a simple investment asset into a capital markets ecosystem combining common stock, preferred stock, bonds and income-generating products. He added that during market downturns, survival may depend not only on Bitcoin holdings but also on a company’s underlying business competitiveness, and said Bitcoin treasury companies with strong operational capabilities could deliver investment returns above Bitcoin itself.

According to CoinNess market monitoring, BTC has risen above $86,000. BTC is trading at $86,007.99 on the Binance USDT market.

Anthony Bassili, president of Coinbase Asset Management, said in an interview with Bitcoin Magazine that Bitcoin will rise above $300,000 by 2030. Bassili added that as Bitcoin’s market capitalization grows, its cyclical return rates will gradually decline, making it harder to repeat the outsized gains seen in the past, while narrowing the value gap with gold remains a long-term goal rather than a short-term one.

Payment infrastructure firm Modern Treasury has applied to the Office of the Comptroller of the Currency for a national trust bank charter to provide stablecoin custody services in the United States, Cointelegraph reported. If approved, Modern Treasury would be able to offer integrated stablecoin and fiat currency custody and transfer services. It would not provide stablecoin issuance or lending, and the bank would operate separately from the company’s existing payments business.

The three major U.S. stock indices closed higher today. - S&P 500: +0.67% - Nasdaq: +1.05% - Dow Jones: +0.18%

Crypto industry super PAC Fairshake announced its support for 32 incumbent House candidates in the November midterm elections, according to CoinDesk. The group’s endorsements include 13 Democratic incumbents and 19 Republican incumbents, with six of them set to receive $1 million each. Fairshake said it has always been an issue-focused organization and will continue backing pro-crypto candidates in both parties who support U.S. innovation.

The Ethereum Foundation has proposed native transaction assertions to address blind signing under the draft EIP-7906 proposal. The measure would allow on-chain code to verify what a transaction actually does and cancel it if the outcome violates user-defined rules. It is based on the framework outlined in EIP-8141, or frame transactions.

Liquidity remains one of the biggest constraints facing tokenized stocks as more equities and funds move on-chain, NEAR Protocol co-founder Illia Polosukhin said in an interview, according to Crypto Briefing. Polosukhin said liquidity is fragmented across Solana, Ethereum and Base, and added the issue will become more apparent as trade sizes grow. Using Nvidia as an example, Polosukhin said buying $10 million worth of shares through Nasdaq is relatively straightforward, while executing a tokenized trade of the same size on-chain remains difficult because there is still not enough available market depth.

Crypto bank Anchorage Digital is expanding access to USD accounts and SWIFT payments through a partnership with Standard Chartered, according to Crypto Briefing. Under the partnership, Anchorage Digital will offer USD account and SWIFT payment services to overseas institutional clients. Eligible investor clients onboarded through Anchorage Digital Singapore will be able to hold U.S. dollars, use international remittance services, and transfer funds to third parties through Standard Chartered’s banking infrastructure.

U.S. CFTC Chairman Mike Selig cited BTC, ETH, SOL, XLM, XTZ and XRP as examples of digital commodities as the agency moves to draft its first formal rules for the crypto market, according to Wu Blockchain. While explaining a crypto asset taxonomy jointly developed with the U.S. SEC, Selig presented those coins as examples of digital commodities. He also said the CFTC plans to craft more specific crypto rules by distinguishing among digital commodities, retail trading, on-chain physical delivery, non-custodial wallets and software developers, rather than treating all crypto assets as a single category.

Securitize (SECZ) CEO Carlos Domingo has proposed using a blockchain-based shareholder registry in place of paper proxy forms sent by mail, according to Crypto Briefing. Under the current structure, information on end investors is not always delivered directly to companies as it passes through multiple intermediaries and nominal shareholders. As a result, companies use paper documents and mail when sending shareholders voting materials and other information tied to major corporate decisions. Domingo suggested putting that information on a blockchain to create a digital record of actual stockholders and make communication between companies and investors more direct.