bitcoin

The digital credit preferred securities have maintained par for 16 consecutive trading days, setting the longest continuous par record for similar products.

The cryptocurrency exchange platform Binance's Bitcoin reserves have exceeded 693,000 coins, an increase of about 77,000 coins since late April, accounting for approximately 30% of the total Bitcoin reserves of major exchanges.Bitcoin is currently positioned below the long-term holder supply zone between $83,000 and $85,000, with new accumulation support forming around $75,000. If this support is lost, the next level of concern will be $75,000. Binance had previously announced plans to invest $1 billion to allocate approximately 15,000 Bitcoins, and factors related to the SAFU fund and the Coldcard incident may also influence some holders' custody choices.

According to Bloomberg, citing informed sources, Italy's second-largest bank, UniCredit, is considering expanding its digital asset services, including cryptocurrency custody. Headquartered in Milan, UniCredit is selecting technology providers to build the infrastructure needed to hold digital assets and support their buying and selling.The report states that tokenized investment products, fixed-income securities, the use of stablecoins, and exposure to cryptocurrencies are all under consideration. Meanwhile, other banks in Europe are also expanding their crypto services: Spain's BBVA has launched Bitcoin trading and custody for all customers through its app, and Santander's Openbank has also introduced trading services; Germany's Deutsche Bank is collaborating with Bitpanda's technology department to build a custody business.The EU's Markets in Crypto-Assets Regulation (MiCA) provides a legal definition, regulatory bodies, and a familiar obligation framework for banks to launch crypto services. Additionally, UniCredit is one of 37 banks from 15 European countries that are jointly creating a company called Qivalis, aimed at issuing a euro stablecoin. Last year, the bank also offered structured products linked to the BlackRock iShares Bitcoin Trust ETF to professional clients, providing full loss protection.

According to Catcher Predict monitoring, in the market prediction event "Bitcoin Breakthrough on September 12" on Polymarket, the probability of the "Yes" option in the sub-market "78,000" has experienced severe fluctuations, plummeting from 45.5% an hour ago to the current 18.5% (a fluctuation of 27%). Please note the impact of related breaking news.

In August, core inflation in the United States rose by 0.3% month-on-month, exceeding expectations, but the stock market and cryptocurrency market reacted mildly. After a brief dip, Bitcoin rebounded over 3% to return above $79,000, with the market betting that the probability of a Federal Reserve rate hike in September has risen to 85%.

According to a report by Reuters, the Swiss cryptocurrency company Bitcoin Suisse plans to lay off up to 60 of its 120 employees in Switzerland to restructure its business. The company stated that software development and backend functions will gradually be integrated into an international center to accelerate expansion, acquire a broader talent pool, and invest more effectively in future products. The layoffs will take effect after the consultation period ends on September 20, and the company is also closing its IT development site in Copenhagen.

Whale "Set 10 Big Goals" stated on the X platform after the release of today's US CPI data that Bitcoin has not fallen below $74,000, and the bullish trend remains unchanged."Set 10 Big Goals" previously stated: "Next, look for opportunities to re-enter long positions. This round of trend is stronger than I originally imagined, so the imagination for the future can be bolder. Entering at $80,000 or even above $80,000 is still not too late; there is still room. $100,000 is likely to arrive sooner than I originally expected. When it reaches $100,000, we will reassess how far this round of trend can go."

The Smarter Web Company announced plans to launch the UK's first Bitcoin-backed preferred stock, subject to shareholder approval. The company expects to raise between $20 million and $34 million through a potential IPO to increase its Bitcoin holdings and acquire cash-generating operational businesses.

According to Catcher Predict monitoring, in the market prediction event "Bitcoin September Price Prediction" on Polymarket, the "Yes" option in the sub-market "Above $80,000" experienced a dramatic fluctuation in winning probability, soaring from 69% an hour ago to the current 85.5% (a fluctuation of 16.5%). Please note the impact of related breaking news.

Zach Pandl, the research director at Grayscale, pointed out that Zcash, as a Bitcoin-like digital currency with privacy features, currently has lucrative mining profits. Although Bitcoin network miners earn about $35 million daily, far exceeding Zcash's approximately $2 million, the daily revenue per mining machine for Zcash is about twice that of Bitcoin, with revenue per megawatt-hour approximately four times that of Bitcoin, even surpassing some AI/high-performance computing cloud services.Driven by the strong performance of token prices, Zcash's overall mining activity has increased more than 2.5 times this year, forming a virtuous cycle of "price increase --- mining increase --- network security enhancement --- supporting price." Pandl believes that at the current valuation, Zcash mining remains attractive and continues to strengthen its network security.

According to Catcher Predict monitoring, in the market prediction event "Bitcoin will break through on September 11" on Polymarket, the probability of the "Yes" option in the sub-market "76,000" has experienced significant fluctuations, soaring from 77.05% an hour ago to the current 92.35% (a fluctuation of 15.3%). Please note the impact of related breaking news.

According to CoinDesk, Bitcoin formed a golden cross earlier this week (the 50-day moving average crossing above the 200-day moving average), but subsequently did not experience a sustained increase, instead retreating from around $80,000 to about $77,000. It is noteworthy that most of the recent rise occurred before the golden cross—Bitcoin had previously risen from $62,000 to $82,000.The article points out that similar situations have historically repeated multiple times: after the golden cross in 2021, BTC fell from $52,000 to $40,000; after the golden cross in February 2023, it retreated from $23,000 to $20,000; after the golden cross in October 2024, it slid from $70,000 to $67,000; and after the golden cross in May 2025, it corrected from $110,000 to $100,000. Analysts believe that while the golden cross is seen as a long-term bullish signal, it may essentially be a lagging indicator, as a significant portion of the gains often have already been realized by the time the signal appears.

Bitcoin News posted on platform X that after the CFTC approved Kalshi's Bitcoin perpetual contracts as futures products, traders face uncertainty on how to report gains to the IRS.If the product is classified as a regulated futures contract under Section 1256 of the U.S. Tax Code, related gains are typically treated as 60% long-term capital gains and 40% short-term capital gains, regardless of the holding period. CME believes that Kalshi's perpetual contracts are actually swaps, which are explicitly not covered under Section 1256. The CFTC's classification supports the view that it is a futures product, but does not bind the IRS; the tax treatment remains uncertain until the IRS, Congress, or the courts directly address Bitcoin perpetual contracts.

Japan-listed Bitcoin treasury company Metaplanet announced the establishment of a wholly-owned subsidiary, Metaplanet Asset Management Asia Limited, as the group's trading execution and asset management hub in the Asia region, with an initial investment of 1 million USD, expected to be established in September 2026.The company will operate in coordination with Metaplanet Asset Management Inc. (MAM), which was previously established in Miami, USA, primarily responsible for trading execution and risk management operations such as position and market dynamics monitoring during the Asian trading hours, focusing on investment targets including Bitcoin, Bitcoin-related stocks, and preferred securities issued by Bitcoin treasury companies. This move is part of Metaplanet's strategy to advance the "Project Nova" Bitcoin financial platform, and the company expects this matter to have a slight impact on the consolidated performance for the period ending December 2026.

According to Greeks.live, options delivery data shows that 29,000 BTC options are set to expire, with a Put Call Ratio of 0.6, a maximum pain point of $78,000, and a nominal value of $2.24 billion. 114,000 ETH options are set to expire, with a Put Call Ratio of 1.17, a maximum pain point of $2,450, and a nominal value of $280 million.Analysis indicates that Bitcoin continues to fluctuate around $80,000, having surged to $80,000 over three days in late last month, and has been consolidating for nearly three weeks now. The monthly realized volatility (RV) remains unchanged compared to last week, while the monthly implied volatility (IV) has slightly increased, with a general rise in the volatility risk premium (VRP). From other major options data, 7% of options are set to expire this week, with BTC and ETH open interest slightly declining compared to last week, and overall trading activity has also seen a certain pullback. The cryptocurrency market has experienced a 10-month bear market, with the main altcoins' gains concentrated in a week last month; however, during the pullback period, some concept coins and memes have shown signs of recovery, which is a positive signal. The brief calm in the U.S. stock market has also provided a breathing window for the crypto market, creating a very optimistic market atmosphere. Currently, the monthly out-of-the-money IV is not high, making it worthwhile to consider some directional buys.

The city council of Albuquerque, New Mexico, passed an ordinance on Wednesday prohibiting the operation of cryptocurrency ATMs (cryptocurrency vending machines) within the city limits, while also banning cashier-assisted virtual currency transactions. The city government will notify known operators and retailers hosting the machines, requiring them to remove the relevant equipment within 45 days.The ordinance was jointly initiated by District 1 Councilor Stephanie Telles and District 7 Councilor Tammy Fiebelkorn. Telles stated that 90% of cryptocurrency ATM transactions in Albuquerque are related to fraud, claiming that these machines are primarily exploited by scammers, organized crime, and human traffickers due to the instant, anonymous, and irreversible nature of transactions. Fiebelkorn remarked that we cannot wait for federal regulators to resolve the crisis. The city council emphasized that residents can still freely hold, mine, and transfer cryptocurrencies through online exchanges and personal wallets.In terms of background, Indiana banned such machines statewide in March, Tennessee in July, and Minnesota in August; Delaware has advanced related legislation, New Jersey is considering it, and Texas is also brewing a ban. One of North America's largest operators, Bitcoin Depot, filed for bankruptcy protection in May and removed about 9,700 machines. According to data from the FBI, nearly 11,000 complaints of vending machine fraud were received in 2024, involving amounts exceeding $246 million.

CryptoQuant analyst Axel Adler Jr. stated that on-chain data shows the proportion of Bitcoin supply in profit has rebounded from 47% at the end of June to 69%, moving away from historically common market pressure zones.Meanwhile, the 90-day change of this metric rapidly reversed from -19% in early August to +41%, marking one of the faster recoveries in Bitcoin's history.

Renowned trader Killa published statistics indicating that after the last 3 releases of U.S. CPI data, BTC rose over 5% within 8 days. Killa believes that the current market has already priced in negative news, and the bear market trap has been set. "Let's see if a similar trend will occur this time."As a quantitative trader focused on BTC, Killa predicted the peak of this bull market in May 2025 and has over 200,000 followers on platform X. In mid-April, he shorted Bitcoin at $74,688 and switched to long during the market-wide decline on June 5.

Blockstream tweeted that it will not pay a ransom for the return of the stolen Bitcoin from the Liquid Network, stating that acquiring assets without authorization and refusing to return them constitutes theft, which does not fall under responsible disclosure or white hat behavior.Blockstream stated that if the stolen funds are not returned, it will cooperate with law enforcement agencies, exchanges, service providers, and forensic experts to track, recover the assets, and identify the responsible parties through all legal means, while emphasizing that Bitcoin transactions are transparent and relevant evidence will not disappear. Blockstream is the main developer and technical provider of the Liquid Network. Liquid Network stated that "approximately 4,000 BTC were taken by white hat hackers," and the sidechain has therefore suspended operations.

Cardone Capital purchased 20 bitcoins at $76,500 each and incorporated them into a mixed asset portfolio of real estate and bitcoin.