News & Research

Bitcoin cloud mining company Bitdeer mined 375 BTC in August, bringing its total holdings to 1,934 BTC, GlobeNewswire reported.

Glassnode said on X that according to its Bitcoin Cost Basis Distribution (CBD) indicator, significant BTC accumulation occurred between $110,000 and $114,000. The on-chain analytics firm noted that the next resistance zone is around $117,000, which could act as short-term resistance if Bitcoin tests that price level.

Bitcoin may have already formed its monthly bottom in early September, following historical patterns, according to an analysis by CoinDesk. The outlet noted that BTC hit a low of $107,000 on Sept. 1 before staging a strong rebound. Since July 2024, Bitcoin has shown a tendency to establish its monthly low within the first 10 days of the month. While the lows in February, June, and August 2025 were exceptions that occurred in the latter half of the month, even those instances followed a short-term correction in the first 10 days before the asset resumed its long-term uptrend. Historically, Bitcoin has demonstrated strong performance in the fourth quarter. The analysis added that the average return for the fourth quarter has been approximately 85%. Specifically, since 2013, the month of October has closed with gains in all but two instances.

An address presumed to belong to Ethena has deposited 5 million ENA, worth approximately $3.81 million, to Binance, Onchain-Lense reported. The same address has deposited a total of 44 million ENA to the exchange over the past two weeks.

Morgan Stanley expects the U.S. Federal Reserve to cut interest rates by 25 basis points each in January, April, and July of next year, Walter Bloomberg reported.

On-chain analyst ZachXBT has suggested that THORChain founder John-Paul Thorbjornsen is the owner of a wallet recently hacked for $1.35 million by suspected North Korean actors. The victim has left an on-chain message offering the hacker a bounty for the return of the stolen funds within 72 hours.

UK-based web development firm Smarter Web Company (SWC) is considering acquiring a competitor to expand its Bitcoin purchases, Cointelegraph reported. CEO Andrew Webley said the company would seriously consider an acquisition if it presented an opportunity to buy Bitcoin held by a rival firm at a discount to the market price. Smarter Web Company currently holds 2,470 BTC, worth $275 million.

Addresses holding between 100 and 1,000 BTC have accumulated an additional 65,000 BTC over the past seven days, according to XWIN Research Japan, a CryptoQuant contributor. The contributor noted that the 30-day BTC Long-Term Holder (LTH) Net Position Change indicator shows this cohort is accumulating assets despite short-term volatility. Exchange net outflow data reflects the same trend, with a notable movement of Bitcoin from exchanges to external wallets. This suggests investors are moving their holdings for long-term storage rather than for immediate trading, the contributor analyzed.

Binance Alpha has announced the addition of AA. The platform is an on-chain trading service within the Binance Wallet that specializes in listing early-stage coins.

The South Korean crypto exchange Upbit announced it will temporarily suspend deposits and withdrawals for assets on the Polygon network, beginning at 9:00 a.m. UTC on Sept. 16. The suspension is due to a planned hard fork on the network.