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The Bitcoin price climbed a fraction of a percent in the last 24 hours to trade at $111,582 as of 3:40 a.m. EST on a 25% increase in daily trading volume to $29.05 billion. Bitcoin is back in the news after two big pieces of information hit the market. First, Strategy, Metaplanet and El Salvador all made fresh Bitcoin purchases, showing that institutional and state-level interest in BTC remains strong. 🟠 NEW: #Metaplanet bought 136 $BTC, raising its total to 20,136, while El Salvador also added more Bitcoin. pic.twitter.com/OhrYCikH4Q — Coinpaper (@coinpapercom) September 8, 2025 Second, stablecoin giant Tether quickly moved to deny rumours about a large-scale Bitcoin sell-off, trying to calm market fears. As these major headlines swirl, traders and analysts are watching the Bitcoin price closely to spot the next big move. El Salvador is already famous as the world’s first country to make Bitcoin legal tender, and every extra purchase sends a strong message th...

1. Federal Reserve Cuts Interest Rates by 50 Basis Points link The Federal Reserve announced a rate cut to 5%, lower than the anticipated 5.25%, marking the first rate reduction since March 2020. The median forecast indicates two 25-basis point cuts in 2024, totaling a 100-basis point reduction. Fed Governor Miki Bowman voted against the action, favoring only a 25-basis point cut, making this the first dissent from a board member since 2005. At the press conference, Jerome Powell stated that the 50-basis point cut would help sustain economic and labor market strength, reflecting the Fed’s confidence that inflation is moving toward the 2% target. China International Capital Corporation (CICC) remarked that the Fed’s move was more aggressive than expected. The Fed’s focus seems to have shifted from controlling inflation to prioritizing employment. Despite Powell denying victory over inflation, he now appears to be concentrating solely on employment. The Fed’s tolerance for rising unemplo...

Maker, the organization that has been issuing so-called stablecoin DAI since December 2017, has decided to introduce the ability to remotely freeze some of its stablecoins. It is incentivizing users to convert DAI into a new stablecoin, USDS, which will grant Maker insiders the ability to remotely freeze coins. For years, the self-described decentralized autonomous organization (DAO) has described DAI as a “decentralized currency that is not influenced by any entity or factor.” Now, its team has replaced that description at the top of its homepage — still cached at search engines like Google — with the much briefer “A better, smarter currency.” USDS’ freeze function “is generally expected to follow rule of law from jurisdictions where Maker needs a high level of certainty that the legal system will enforce recourse against real-world asset collateral.” Maker insiders noted that although the intention is to activate the remote freeze function, the exact timeline for activ...

Balaji Srinivasan, one-time Coinbase CTO and former partner at Crypto cheerleading VC firm a16z, has decided that it’s time to start investing on behalf of others again and announced a new fund. It’s imaginatively called The Balaji Fund. The fund will, according to Srinivasan, focus on “ Crypto /web3, deep learning, augmented reality and virtual reality, genomics, quantified self, autonomous robotics, network states, and frontier technologies.” The minimum investment is $100,000 over two and a half years. However, the desire to manage other people’s money is a 180-degree turn from where Srinivasan stood not only on his own career but America as a whole less than a year ago. The worst bet ever In March of 2023, Srinivasan took one of the most absurd bets in recent financial memory when he predicted that not only would hyperinflation occur in the US but that within 90 days, bitcoin would trade at over a million dollars per coin. He bet two individuals one million dollars each...

Tether, a prominent stablecoin firm, has responded to claims made by the United Nations regarding the use of its USDT stablecoin in illegal operations. On Jan. 15, the Southeast Asia and Pacific division of the UN Office for Drugs and Crime published a report focusing on the involvement of cryptocurrencies in illicit activities and underground banking. The report, named “Casinos, Money Laundering, Underground Banking, and Transnational Organized Crime in East and Southeast Asia: A Hidden, Accelerating Threat,” identified the USDT stablecoin, particularly on the Tron blockchain, as a key tool for money laundering in the region, citing its stability, transaction anonymity, and low fees. In response, Tether, on the same day, refuted the UN’s findings, arguing that the report overlooked the traceability of USDT and its history of cooperation with global law enforcement agencies. Tether Challenges UN Report and Calls for Blockchain Education Read more ️https://t.co/R...

DeFi platform Yearn has lost a large portion of its treasury by swapping all of its lp-yCRVv2 tokens for yvDAI and has asked those who profited from the mistake to return it. In Yearn’s post-mortem published on Tuesday, it said the problem arose from inadvertently transferring the entire reserve of lp-yCRVv2 to the trading multi-signature wallet, and the script there attempted to swap the entire quantity, experiencing “significant slippage” in the process. “This amount comprised a large portion of the Curve pool, and therefore incurred significant slippage which arbed back to the normal price by the market shortly after,” Yearn said. The DeFi platform further described the losses, pointing out “ the total loss experienced by Yearn’s treasury comes out to about 63% .” Yearn highlighted that “the script used by the trading multisig to swap tokens lacked sufficient output checks and contained a logical error that would have capp...

Tron (TRX) founder Justin Sun made several large cryptocurrency deposit s totaling $25.5 million to leading exchange Binance over the past day. According to transaction data from blockchain intelligence firm Arkham, the deposit s were made in three separate transactions from Justin Sun’s known wallet address to a Binance deposit address. The first transfer was for $1.7 million of USD Coin (USDC), followed by $2.8 million of True USD (TUSD) and finally $21 million USDT. USDC, TUSD, and USDT are all stablecoins whose values are pegged to the United States dollar. By using these dollar-backed cryptocurrencies instead of a volatile coin like Bitcoin (BTC), Sun likely wanted to avoid significant price fluctuations when the tokens were held in the wallets. You might also like: Justin Sun became largest individual ETH staker The decision to hold multiple stablecoins is likely partially motivated by a willingness to limit losses if one stablecoin collapses. Sun could plan t...

Luganodes is a staking-as-a-service provider that claims to be a “prodigy of Lugano Plan B, an initiative driven by Lugano and Tether.” According to PoolBay, Luganodes receives about 4% of the total staking rewards for Tron. Luganodes also stakes on a variety of other chains, including Ethereum, Polygon, Solana, and others. The commercial register for Canton Ticino reveals that the single member associated with this firm is Davide Rovelli. Rovelli lists on LinkedIn that he leads the Special Projects Services for both Bitfinex and Tether, an initiative that neither company has mentioned publicly.  He is also listed as the founder of AltKey SA, the company behind Plan B; a “joint initiative between the city of Lugano and Tether to accelerate the use of…bitcoin technology.” Among the Plan B initiatives is a “100M+ Swiss Franc investment pool” that was funded by Tether . Thanks to the team’s efforts, McDonald’s in Lugano now accept...

Once Terra founder Do Kwon’s trial in Montenegro comes to a close, he’s expected to be extradited to either South Korea or the US, where he’s wanted for charges of fraud as a result of the collapse of the Terra/Luna ecosystem last year. Both countries are keen to bring the former fugitive to justice. According to Dan Sunghan, director of the financial crime investigation bureau at Seoul’s Southern District Prosecutor’s Office and the lead investigator in Kwon’s case, Kwon is expected to receive a record sentence for fraud in South Korea — over 40 years behind bars . “This is the largest financial fraud or financial securities fraud case that has ever happened in South Korea,” Dan told Bloomberg. Local prosecutors have seized 247 billion won ($190 million) tied to the case so far and are about to get hold of an extra 32 billion won ($25 million).  But before extradition can begin, Kwon still has a few months in Montenegro fighting charges of document fraud, which he denies. “It’s ou...

BTC bulls are positioned to win this week’s $1 billion options expiry, but the market's post-FOMC reaction could alter their plans. Bitcoin's (BTC) price has been trading above $22,500 for 12 days. Of course, this situation can change even if Federal Reserve chair Jerome Powell issues positive statements about the economy in today’s post-FOMC presser.  Even if the decision matches the market consensus, the post-meeting statement should be investors' primary area of focus. Specific areas to focus on would be clues for the next meeting in March. Troubling news for the largest stablecoin Tether (USDT), could also cause a meaningful impact after a Celsius bankruptcy examiner report showed that "Tether's exposure eventually grew to over $2 billion" in Sep. 2021. However, it is unclear if iFinex — Tether’s issuer — suffered any losses. iFinex CTO Paolo Ardoino denied exposure to Celsius and suggested that the examiner had "mixed up" prepositions in the r...