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Bloomberg senior analyst Mike McGlone said in a recent report that alternative assets such as gold and Bitcoin are facing strong upside resistance as the U.S. 10-year Treasury yield approaches 5%. The report said gold and Bitcoin rebounded from support levels of $4,000 and $60,000, respectively, but are unlikely to easily break above their previous record highs of $5,000 and $100,000. It added that the appeal of high-yield bonds offering returns near 5% is limiting capital flows into risk assets, given the speculative nature of alternative assets that do not generate interest income. McGlone also warned that while the zero-rate environment and extreme liquidity of 2020 created a buying opportunity for gold and Bitcoin, the current backdrop, with the 10-year yield up tenfold from its low at the time, could instead signal strong selling pressure for alternative assets.

Stablecoin inflows to Binance remain solid, according to CryptoQuant contributor CW8900. CW8900 said $1.235 billion in stablecoins flowed into Binance on Monday alone, topping the average daily inflow over the past two months, while stablecoin inflows to other exchanges have been declining. Despite the short-term weak price trend, the buildup of sidelined buying power is a positive sign.

Grayscale’s head of research, Zach Pandl, said Bitcoin likely already formed its low at $58,000 in late June, according to The Block. Pandl said that despite short-term volatility risks including the Federal Reserve’s recent resumption of rate hikes and difficulty in the U.S. Senate’s vote on the CLARITY Act, the case for long-term market expansion and the broader macro environment remains intact. Based on the market cycle and improving on-chain structure, Grayscale said the current range presents a buying opportunity and announced a green light for institutional and retail clients to actively increase crypto asset allocations.

The UK Financial Conduct Authority said it carried out a second on-site inspection of illegal peer-to-peer cryptocurrency trading operations in London with the tax authority and the Metropolitan Police, ordering three suspected businesses to halt operations. FCA registration is mandatory to run a commercial P2P crypto trading business in the UK, but there are currently no formally registered P2P crypto trading operators in the country.

Bitcoin has held up relatively well in price despite a Federal Reserve rate hike, but four major demand channels are weakening at the same time, CryptoSlate reported. - Realized cap: After 27 days of rising capital inflows, the trend reversed with the first daily decline. - Spot ETFs: Net outflows topped $400 million on Sept. 15 alone. - Stablecoin supply: Supply has stalled at around $301 billion, halting further liquidity expansion. - Public company buying: Listed companies bought a total of just 5,900 BTC over the past three months.

Japan’s Financial Services Agency has raised concerns that crypto exchanges are steering users toward the retail brokerage model, which generates higher fee and liquidity-spread revenue than the exchange order-book model, CoinPost reported. Separately, under revised enforcement rules for the Act on Prevention of Transfer of Criminal Proceeds adopted in March, identity verification through IC chip reading will become mandatory from April 1, 2027, for both in-person and non-face-to-face account openings at exchanges in Japan, while existing methods will be fully scrapped.

Public companies buying Bitcoin have sharply scaled back purchases as BTC fell below $80,000 and new capital inflows slowed, CoinDesk reported. According to Glassnode data, listed companies added just 5,900 BTC over the past three months, less than 7% of the 89,000 BTC they bought in July 2025. The average cost basis for corporate Bitcoin treasuries now stands at $80,500, about 6% above the current price, leaving the group in a collective unrealized loss position. Amid overlapping macro headwinds including the U.S. Federal Reserve’s resumption of rate hikes for the first time in three years and concern that a vote on the CLARITY Act could fail, analysts see the $80,500 cost basis as a strong resistance level that is slowing fresh inflows.

South Korean exchange Upbit announced it will temporarily suspend Plasma (XPL) deposits and withdrawals from 2:00 p.m. UTC on Sept. 23 due to a network upgrade.

JPYC, a yen-denominated stablecoin, briefly surged to 19.40 won on South Korean exchange Upbit and was recently trading at 19.2 won, up 60%.

On-chain analyst Axel Adler Jr. said Bitcoin’s profit cushion for short-term holders with holding periods of under six months is shrinking. The average cost basis for short-term holders stands at about $71,300, and as BTC has fallen while that cost basis edged higher, the buffer narrowed to 7% from 10% over the past week. Adler added that the exchange inflow and outflow P/L indicator has plunged about 96% since Sept. 10, nearing zero. That suggests profit-taking and stop-loss selling are now closely balanced in the market, with a risk that further downside could shift the market toward loss-driven selling.

U.S. SEC Commissioner Mark Uyeda, Ethereum Foundation President Aya Miyaguchi and other U.S. and Japanese finance and blockchain industry figures will discuss the future of onchain finance and bilateral cooperation in Tokyo on Oct. 15. The session will be held at the annual conference of the U.S.-Japan Council and will also feature Monex Group Chairman Oki Matsumoto and Digital Currency Forum Chairman Hiromi Yamaoka. The main agenda includes how onchain finance could reshape financial markets, businesses and society, as well as adoption barriers and areas for U.S.-Japan cooperation.

As the Federal Reserve has resumed monetary tightening for the first time in more than three years by raising its benchmark rate, the Bitcoin market is showing a risk pattern similar to the early stage of the 2022 bear market, CoinDesk analyzed. At the time of the first rate hike in March 2022, BTC was already down 40% from its previous all-time high of $69,000, then posted a sudden 18% rebound over 12 days immediately after the hike before quickly entering a major bear market with a further 50% slide. BTC is now also down 40% from its all-time high of $126,000, raising the possibility of a sharp short-term rebound followed by a second steep sell-off, according to the analysis. Amid macro headwinds including oil prices rising above $100 and the U.S. 10-year Treasury yield reaching 5%, the market is pricing in an additional 75-basis-point increase over the next six months. With no one-off hike precedent since 1955, market tension is rising over whether Bitcoin could pass through a misleading short-term rebound and then fall into a prolonged 2022-style bear market.

Cryptocurrency analyst Murphy said the URPD indicator, which shows BTC holdings by purchase price, has about 1.05 million BTC concentrated in the $77,000-$78,000 range and interpreted that as a sign that large-scale investors are accumulating.

NBA superstar LeBron James has signed a $15 million-a-year ambassador deal with prediction market platform Polymarket, The Block reported, citing sports outlet Front Office Sports. The deal is about four times larger than the roughly $3.9 million salary James is set to earn this season with the Philadelphia 76ers, according to the report.

Major crypto-related U.S. stocks turned higher in premarket trading, rebounding from yesterday’s declines, BlockBit reported, citing BIT market data. Strategy (MSTR) rose 2.58% to $129.44, while Circle (CRCL) gained 3.65% to $83.39. Bitmine Immersion (BMNR) climbed 3.02%, SharpLink (SBET) added 2.36%, and Gemini Space Station (GEMI) rose 1.64%. Bullish (BLSH) was flat.

According to CoinGlass data, if BTC falls below $75,004, about $639.46 million in long positions on major centralized exchanges could be liquidated. If BTC rises above $77,216, about $522.92 million in short positions could be liquidated.

Citi expects the Federal Reserve to hold interest rates steady in October and December and resume rate cuts in June 2027 if inflation continues to ease, BlockBeats reported. The Fed raised rates by 25 basis points early today.

BitcoinTreasuries said daily trading volume in shares of Strategy (MSTR), a leading corporate Bitcoin buyer, has surpassed that of Warren Buffett’s Berkshire Hathaway (BRK). According to related stock market data, MSTR’s recent average daily trading value was over $2 billion, exceeding Berkshire Hathaway’s trading scale.

Bitcoin is increasingly likely to emerge from a bear market and shift into a bullish cycle as its on-chain structure improves, according to a CoinNess analysis citing CryptoQuant analyst Crypto Dan. Crypto Dan said a recent review of on-chain data showed a sharp decline in the share of unspent transaction outputs, or UTXOs, that are sitting at a loss. Crypto Dan said this suggests more than a short-term technical rebound, pointing instead to improving market fundamentals and fresh upside momentum. Crypto Dan added that near-term macro headwinds, including U.S. Federal Reserve rate hikes and difficulties in a Senate vote on the CLARITY Act, are weighing on market sentiment. Even so, Crypto Dan said those factors are unlikely to fully reverse the large-scale supply absorption and trend shift visible on-chain.

Dubai-based cryptocurrency trader Royal Kane said he would not invest in XRP at current prices, arguing its market capitalization leaves less room for upside than mid- and small-cap cryptocurrencies. Kane said XRP’s valuation is already too large at this stage, and added he would not invest in the token without new products from Ripple or meaningful revenue growth. Kane has invested in cryptocurrencies since 2016 and is based in Dubai.

Eirik Grøttum, CEO of Swedish Bitcoin treasury company H100 Group, bought 407,163 H100 shares through a related company for a total of 621,887 Swedish kronor ($87,620), at an average price of SEK 1.53 per share. The purchase increased the total H100 stake held by companies closely tied to Grøttum to 5,399,464 shares. H100 currently holds 3,506 BTC.

Flop Labs CEO Arthur Hayes said on X that the AI agent blockchain project plans to let users trade its testnet FLOP token for real money through a hash time-locked contract (HTLC) protocol. The token will later be converted into mainnet FLOP tokens at a ratio to be determined. Hayes added that users can participate in the testnet as miners, validators and AI agents.

Ripple will support the Machine Payment Protocol, or MPP, jointly developed by Stripe and Tempo in version 1.1 of the XRP Ledger AI Starter Kit, CoinDesk reported. The update will allow AI agents to automatically pay for online services such as data and computing with XRP or RLUSD. It also adds the Open Wallet Standard, a common interface for managing wallets across multiple blockchains.

According to CoinGlass data, spot ETFs tied to Solana (SOL), XRP and Hyperliquid (HYPE) all recorded net inflows on Sept. 16. - SOL: +$800,000 - XRP: +$3.5 million - HYPE: +$1.7 million

Circle’s native layer-one blockchain Arc recorded $410.8 million in decentralized exchange volume and 7.76 million transactions on the first day of its mainnet launch, Cryptopolitan reported, citing Dune Analytics data. About $336.3 million, or roughly 82% of total DEX volume, came from a memecoin launchpad.