News & Research

Binance has selected SOMI for its 35th Hodler Airdrop project, the exchange announced on its official website. The token is scheduled to be listed at 2:30 p.m. UTC on Sept. 2.

Selling pressure from Bitcoin long-term holders (LTH) has been on the rise in recent weeks but remains at an average level for the current cycle, Glassnode reported. According to the data, approximately 97,000 BTC were sold on Aug. 29. Glassnode noted that holders of one to two years sold 34,500 BTC, those holding for six to 12 months sold 16,600 BTC, and holders of three to five years sold 16,000 BTC. The firm explained that while the selling pressure on Friday was the largest so far this year, it remained within a normal range and did not reach the peak levels seen in November 2024.

An address believed to belong to crypto market maker GSR Markets has participated in the second presale for World Liberty Financial (WLFI), a DeFi project linked to the Trump family, according to on-chain analyst ai_9684xtpa. The address reportedly purchased 40 million WLFI tokens for $2 million at a price of $0.05 per token. The analyst added that it remains unclear whether GSR Markets participated as an institutional investor or for market-making purposes, noting that a transfer on the project's multisignature wallet has not yet been confirmed.

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

The initial supply of WLFI, the native token of the Trump family's DeFi project World Liberty Financial, is estimated to be 6.4 billion tokens, or 6.4% of the total, EmberCN reported. The analyst explained that this figure combines 3.4 billion WLFI, representing 20% of the 16.9 billion tokens sold via presale that are immediately available for circulation, with an additional three billion WLFI (3%) allocated from the project's tokenomics. The total supply of WLFI was previously reported to be 100 billion. During its first presale, 20 billion WLFI tokens were sold at $0.015 each, while a second presale saw five billion tokens sold at $0.05. WLFI is currently trading at $0.3250 on Binance's pre-market futures.

Cryptocurrency services provider Matrixport said in a recent report that Bitcoin could see further declines after recently retracing to the $106,000-$108,000 range. According to the report, BTC has faced intensified resistance from seasonal factors since the end of July. Matrixport identified the current price range as a critical technical level, suggesting that additional volatility could emerge ahead of the release of U.S. jobs data. The report also explained that while U.S. interest rate cuts are generally considered a bullish trigger for cryptocurrencies, the process is unlikely to be smooth.

The correlation between Bitcoin and gold has been rapidly weakening following President Donald Trump's remarks on inflation last week, Cointelegraph reported, citing multiple analysts. After the president stated that there is almost no inflation in the U.S., the price of gold went on to renew its all-time high. Bitcoin, in contrast, corrected by more than 13% from its peak to hit a two-month low. Vince Yang, co-founder of zkLink, noted that Bitcoin and gold have shown a weak or even negative correlation this year. He explained that while gold is still considered a primary safe-haven asset, Bitcoin is more susceptible to fluctuations from liquidity and market risk factors.

The 24-hour long/short position ratio for BTC perpetual futures on the world's top three crypto futures exchanges, ranked by open interest, is as follows: - Overall: Long 49.88% / Short 50.12% - Binance: Long 50.1% / Short 49.9% - Bybit: Long 49.96% / Short 51.04% - Gate.io: Long 50.13% / Short 49.87%

A Bitcoin OG, an early investor known for selling BTC to purchase ETH, sold an additional 2,000 BTC and bought 48,942 ETH over a four-hour period, Lookonchain reported. The transactions, worth approximately $215 million, took place on the decentralized exchange Hyperliquid (HYPE). To date, the address has accumulated a total of 886,371 ETH, valued at $4.07 billion.

Bitcoin is currently trading around the $108,000 level, a critical juncture that could determine whether its bull run continues or a bearish reversal begins, according to a market report from crypto analytics firm 10x Research on Sept. 1. The firm stated that price action over the next two weeks could be decisive. It noted that long-term holders are distributing their supply while inflows from exchange-traded funds (ETFs) are stagnating, and volatility appears to be on the rise. Upcoming U.S. labor market data and the Federal Reserve's interest rate decision on Sept. 17 could add further volatility, with a lack of new capital inflows remaining a key risk factor. 10x Research also pointed out that major on-chain support levels and technical indicators are not showing a clear directional bias. Therefore, the firm concluded that the risk in Bitcoin investing is higher than ever, adding that the current market conditions will be a key test separating professional and amateur investors.