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CoinMarketCap’s altcoin season index came in at 38, down 13 points from yesterday. The index is calculated by comparing Bitcoin’s price performance with that of the top 100 coins by market capitalization, excluding stablecoins and wrapped tokens. An altcoin season is identified when 75% of the top 100 coins outperform Bitcoin over the past 90 days, while the opposite is considered a Bitcoin season. A reading closer to 100 indicates stronger altcoin season conditions.

Deposits on Base in decentralized lending protocol MORPHO have surpassed those on Ethereum, Blockworks co-founder Michael Ippolito said on X. According to a chart Ippolito shared, deposits in the Base-based Morpho Blue market totaled about $6.19 billion from Aug. 31 to Sept. 6, exceeding Ethereum’s $6.09 billion. Ippolito added that while Base is facing heavy criticism, its direction appears different from Robinhood Chain.

Hardware wallet maker Trezor warned users to watch for fake security alert phishing emails after a third-party email service provider was hacked, Cointelegraph reported. Trezor said it is investigating the incident and urged users not to click links included in the emails. The phishing messages falsely claimed a critical security vulnerability had been found in the STM32 microcontroller used in Trezor devices. A similar phishing incident previously occurred at Swiss hardware wallet company BitBox.

xAI’s AI chatbot Grok now supports Coinbase account linking, according to a post on X. Users can view and analyze Coinbase balances and data within Grok chat, and can buy or sell eligible assets or cancel orders.

Swiss hardware wallet maker BitBox said a newsletter service provider it uses was likely hacked after phishing emails were sent to newsletter subscribers. The company said several Bitcoin firms using the same provider also appeared to have been targeted in the phishing attack. BitBox said it had sent warning emails to subscribers, reported the phishing domains, and found that most related links had already been blocked. Additional investigation is under way.

CoinMarketCap’s in-house Crypto Fear and Greed Index came in at 71, down one point from yesterday, with the market remaining in greed territory. The index indicates extreme fear as it approaches zero and extreme optimism as it approaches 100. CoinMarketCap calculates the index based on price moves among the top 10 cryptocurrencies by market capitalization, market volatility, derivatives-market indicators including put/call ratios, the stablecoin supply ratio (SSR), and CoinMarketCap’s own search data.

Spot CVD is an order-book analysis chart for the BTC/USDT spot trading pair. The upper panel shows a volume heatmap, while the lower panel shows cumulative volume delta, or CVD. - The volume heatmap in the upper panel tracks trading volume by price range. The background color becomes brighter when the price stays in a specific range for an extended period or moves sharply. Areas closer to brighter colors may act as support or resistance. - 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 moves higher. The yellow line is based on orders of $100 to $1,000, while the brown line is based on large orders of $1 million to $10 million, among others.

Patrick Witt, executive director of the White House Crypto Council, said all senators, regardless of party, should vote in favor so debate on the CLARITY Act can begin on Tuesday and the legislative process can move forward, Cointelegraph reported.

DEX aggregator 1inch has never generated a profit despite facilitating more than $800 billion in trading volume, Cointelegraph reported. Sergey Kunz, a co-founder of 1inch, said the DeFi market remains too small to focus on profit generation.

Hunter Biden said a sniper was behind LAPTOP meme coin’s 99% price collapse and said neither he nor his team had sold the token, Cointelegraph reported.

Grayscale has filed for a 2x leveraged ZEC ETF.

Major exchanges have seen $110 million worth of futures liquidated in the past hour. In the past 24 hours, $379 million worth of futures have been liquidated.

A California man, Adam Iza, was sentenced to 15 years in prison for taking part in a 2024 Bitcoin-related kidnapping case, Cointelegraph reported. Iza, his brother and six men from Florida were accused of conspiring to kidnap the parents of a cryptocurrency investor to extort money, then stealing the victim’s Lamborghini and assaulting and detaining the victim. The U.S. Department of Justice said Iza used mobile phones and encrypted messaging apps to coordinate and finance the crime. Iza’s brother and the six other alleged participants also pleaded guilty and are awaiting trial.

Solana-based memecoin issuance platform Pump.fun now supports stock tokens as pairing assets for token launches. It had previously supported only SOL and USDC. The new pairing asset options include stock- and index-based tokenized assets tied to Tesla, Nvidia, Circle, Nasdaq, the S&P 500, Micron Technology and SK Hynix.

According to CoinNess market monitoring, BTC has fallen below $78,000. BTC is trading at $77,945.29 on the Binance USDT market.

The three major U.S. stock indices closed lower today. - S&P 500: -0.48% - Nasdaq: -0.64% - Dow Jones: -0.77%

U.S. Treasury Secretary Scott Bessent urged the Senate to move quickly on the Clarity Act. In a post on X, Bessent strongly urged all senators to stay at the negotiating table after returning from recess, reach common ground, and agree to begin floor debate so the legislative process can continue. Bessent warned that failing to do so could send a troubling signal to both U.S. allies and adversaries that the United States lacks the will to lead the future of digital assets and may forgo an opportunity to strengthen national security tools aimed at preventing the misuse of digital assets.

Kristin Smith, head of the Solana Policy Institute, said in an interview with Crypto in America that Smith remains positive about the chances of the Clarity Act passing, although confidence has eased somewhat from this spring. Smith added the crypto industry tends to think it can control the process, but that is not actually the case.

World, a Solana-based prediction market project, saw its XYZ website go down after launch as traffic overwhelmed the site, Crypto Briefing reported. World XYZ opened on Sept. 9 and within hours temporarily blocked user access. World said "All funds are safe and the platform itself is operating normally. This outage was a simple traffic issue, not a security problem." Earlier, World had announced plans to migrate to Robinhood Chain, but World XYZ is still operating on Solana.

Former Ripple CTO David Schwartz said XRP could eventually surpass Bitcoin by market capitalization, CoinGape reported. During an X Spaces discussion, Schwartz said such an outcome would come not from a decline in Bitcoin’s value but from XRP rising faster than Bitcoin. Schwartz added that XRP’s price could surge if the XRP Ledger continues to gain popularity, as the network may post stronger technological growth and users may prefer features Bitcoin cannot support.

U.S. fast-food chain Steak 'n Shake said franchise store sales rose 19% this quarter after it introduced Bitcoin payments in May. In a post on X, the company said, "이번 분기 프랜차이즈 매장 매출이 19% 증가했다," and added the decision helped drive the company’s growth.

Crypto-related stocks have risen alongside Bitcoin since the bull market began, but Bitcoin mining companies have posted relatively weak returns, The Block reported. Since Aug. 17, according to The Block, Bitcoin has gained about 22%, while crypto exchange-related stocks including Bullish, Coinbase and Robinhood, as well as stablecoin-related names such as Circle and Figure, posted similar gains. Among Bitcoin miners, only Canaan outperformed Bitcoin over the period. The median return for other mining-related stocks, including Hut 8, Riot, Marathon and Hive, was about 1.8%, indicating muted performance. Core Scientific and TeraWulf, in particular, underperformed Bitcoin by 27 percentage points and 24 percentage points, respectively.

Tether’s USDT and Circle’s USDC account for about 85% of the total stablecoin market and are nearing a record high level, according to Crypto Briefing. Their combined circulating supply stands at about $257.7 billion, equal to 85% of the total market capitalization of roughly $302.9 billion. Of that total, USDT has a supply of about $183.4 billion and a 60.5% share of the stablecoin market, maintaining a dominant lead. USDC stands at about $74.3 billion, giving it a 24.5% market share.

Hyperliquid Policy Center accused CME Group of stifling innovation and urged a federal court to dismiss the exchange operator’s lawsuit against the U.S. CFTC over the approval of U.S. perpetual futures trading, according to The Block. The group submitted an amicus brief backing the CFTC to a federal district court in Washington on Sept. 9, The Block reported. The filing followed CME’s lawsuit against the CFTC in June over the U.S. regulator’s approval of perpetual futures trading. HPC warned the case could have broader ramifications, reproducing an argument written in English in the source: "this case could have broader ramifications." HPC said CME, once a giant of innovation, is now advancing a legal theory under which exchanges are harmed whenever regulators approve new products that incumbent venues chose not to offer. If CME prevails, HPC argued, every product approved by the CFTC would invite lawsuits from established players favoring the status quo, and the pace of development in U.S. futures markets would slow sharply.

Bitcoin is moving sideways ahead of a strong resistance zone at $83,000-$86,000, while selling pressure has dropped sharply from August levels, on-chain analytics firm Glassnode said. Glassnode said the market is now trading in a range where lower support has recovered, while upper resistance has yet to be seriously tested. Compared with August, selling pressure has fallen significantly, with sell-side activity down to less than half of its earlier level and long-term holders also slowing sales, according to the firm. At the same time, supply clustered at higher price levels has grown thicker, making a break above $86,000 a key variable for the market's next direction. Glassnode added a close above $86,000 could signal the market has absorbed selling supply, while a renewed rise in selling pressure or a breakdown of support in the $62,000-$65,000 range could undermine the current positive market mood.