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Bitcoin Gives Back Its Overnight Gain As Brent Tops $100
Markets

Bitcoin Gives Back Its Overnight Gain As Brent Tops $100

Bitcoin reached $79,701.36 overnight and had round-tripped the move by midday in New York, leaving it flat over 24 hours. Ninety-three of the 123 largest non-stablecoin tokens are lower. Zcash holds a 56.3% weekly gain after DCG exchanged 85,705 ZEC for about $100 million of Grayscale's ETF, a swap disclosed in an 8-K filed Tuesday. U.S. spot bitcoin funds recorded their first outflow since Sept. 1.
Polkadot Leads A Rotation Into Old Layer-1s As Hike Odds Widen
Markets

Polkadot Leads A Rotation Into Old Layer-1s As Hike Odds Widen

Polkadot rose 16.7% on the day and 42.5% on the week, with Cosmos Hub, Decred and Ethereum Classic all up more than 8%, while bitcoin ended the first U.S. session since Labor Day down 0.83% at $78,539. Polymarket traders raised the odds of a quarter-point Federal Reserve increase next week to 54.5%, a third consecutive session of widening. Brent crude settled at $99.31, its highest close since July 23.
Arkham Links Wintermute to $2.4 Million PONS Position
Markets

Arkham Links Wintermute to $2.4 Million PONS Position

Arkham said Wintermute appeared to be buying PONS gradually; its dashboard separately listed 3.43 million tokens worth $2.4 million.
August Payrolls Knock Bitcoin Off $81,000
Markets

August Payrolls Knock Bitcoin Off $81,000

Bitcoin fell $1,430 in the five minutes after the Bureau of Labor Statistics reported 162,000 August jobs, five times the average of the prior year. Polymarket traders moved a quarter-point September rate increase from 39.5 cents to the majority outcome inside 15 minutes.
RWAperp Launches AI-Executed Perpetuals Venue on OKX's X Layer
Markets

RWAperp Launches AI-Executed Perpetuals Venue on OKX's X Layer

RWAperp has launched the first perpetuals venue on X Layer, the Ethereum layer 2 developed by OKX, opening with 19 markets spanning equities, indices, commodities and crypto from a single account.
Bitcoin Retakes $80,000 After Waller Signals A Hold
Markets

Bitcoin Retakes $80,000 After Waller Signals A Hold

Federal Reserve Governor Christopher Waller said he would be inclined to support leaving rates unchanged this month if the next two weeks of data hold, and Polymarket traders went from pricing a September increase at 59% on Wednesday to 43%. Bitcoin rose 4.8%, gold 2% and the S&P 500 0.46%.
Bitcoin Holds $77,000 After Weak Hiring Print
Markets

Bitcoin Holds $77,000 After Weak Hiring Print

ADP reported 38,000 private jobs added in August, down from 44,000 in July, and traders raised the odds of a September Federal Reserve increase anyway. Eighty-four of the 125 largest non-stablecoin tokens fell, gold rose 0.84% and the Nasdaq 100 dropped 1.29%.
Arbitrum Jumps 25% on Robinhood Chain Fees as Bitcoin Holds $78,000
Markets

Arbitrum Jumps 25% on Robinhood Chain Fees as Bitcoin Holds $78,000

ARB led the 108 largest non-stablecoin tokens after chain fees on Robinhood's network doubled in a day, taking the Arbitrum DAO's contractual 10% cut to roughly $192,000 a day. Bitcoin fell 0.7% while Japanese and U.S. government bond yields rose and gold dropped 1.9%.
Zoomex Deepens TradFi Push With 50+ Stock Perpetuals and Zero-Fee TradFi
Markets

Zoomex Deepens TradFi Push With 50+ Stock Perpetuals and Zero-Fee TradFi

Zoomex, a global cryptocurrency trading platform focused on derivatives trading, today confirmed that its Stock Perpetuals lineup has grown past 50 contracts, marking one of the most significant product expansions in the exchange's history.
Traders Make a September Rate Increase the Favorite as Bitcoin Holds $78,000
Markets

Traders Make a September Rate Increase the Favorite as Bitcoin Holds $78,000

Polymarket prices a quarter-point hike at 55.5% after Kevin Warsh's Jackson Hole speech, against 28% on Friday afternoon. Bitcoin is down 0.7% on the day and 24.5% higher since the start of August, while 88 of the 125 largest non-stablecoin tokens fell.