Daily News 19

Author: Evan Mercer

  • Solana Price Holds $102.93 as Hourly Momentum Turns Bearish

    Solana Price Holds $102.93 as Hourly Momentum Turns Bearish

    Solana Price Analysis: SOL at $102.93 Faces Cooling Momentum Amid Bullish Daily Structure

    As of September 8, 2026, Solana (SOL) trades around $102.93, positioned at a critical juncture between an intact daily uptrend and mounting short-term pressure. The token sits above all major daily exponential moving averages (EMAs) — EMA20 at $98.79, EMA50 at $90, and EMA200 at $89.26 — while the daily RSI14 reads 61.1, signaling healthy momentum. However, the MACD histogram has turned negative at -0.6, indicating cooling conditions within the broader bullish trend.

    Key Market Metrics at a Glance

    • Current Price: $102.93 (SOL/USDT)
    • Daily EMA Stack: EMA20 $98.79 | EMA50 $90 | EMA200 $89.26 (bullish alignment)
    • Daily RSI14: 61.1
    • Daily MACD Histogram: -0.6 (negative)
    • 1-Hour RSI14: 38.78
    • Total Crypto Market Cap Change (24h): -3.78%
    • Fear & Greed Index: 69 (Greed)
    • DEX Fee Growth (30-day): Raydium +316.68%, Orca +233.26%, HumidiFi +122.81%

    Daily Structure: Bullish Trend Losing Steam

    Solana’s daily trend remains classified as bullish, with price comfortably above all three key moving averages stacked in proper order. This alignment confirms buyers have controlled the multi-week narrative, with pullbacks remaining shallow relative to the trend. The daily RSI14 at 61.1 sits in healthy territory — not overbought, suggesting room for extension before exhaustion concerns arise.

    However, the MACD tells a different story: the MACD line at 5.52 has fallen below the signal line at 6.12, producing a negative histogram of -0.6. This signals momentum cooling off even while the trend structure stays intact — a classic sign of a pause or shallow correction inside an uptrend rather than an outright reversal.

    Bollinger Bands frame the current range with a mid-band at $100.74, upper band at $110.71, and lower band at $90.77. Price hovers just above the midline, nowhere near either extreme, indicating no volatility squeeze forcing immediate directional resolution. Daily ATR14 at 5.23 confirms ample room for movement once direction is decided. Daily pivot levels — pivot point $103.30, resistance R1 at $104.16, support S1 at $102.07 — place current price just under the pivot, essentially a coin-flip zone for the next directional push.

    1-Hour Chart: Momentum Flips Neutral-to-Weak

    The hourly timeframe shows a clear shift. The regime reads neutral with a compressed, indecisive EMA stack: EMA50 ($104.21) above EMA20 ($103.76) above EMA200 ($103.28). RSI14 has dropped to 38.78, leaning toward weakness and suggesting short-term sellers have controlled the immediate tape.

    Hourly MACD confirms the softness: line at -0.52, signal at -0.43, histogram at -0.09 — all negative, pointing to building bearish momentum. Price presses toward the lower Bollinger Band ($102.35) versus the mid ($103.85) and upper ($105.34) bands. Hourly ATR14 at 0.62 shows this pressure occurs in a relatively contained range. The hourly pivot cluster — pivot $102.85, R1 $103.09, S1 $102.69 — is extremely tight, meaning price is pinned near equilibrium awaiting a catalyst.

    15-Minute Chart: Bearish but Possibly Losing Conviction

    The execution-level view is officially labeled bearish with a textbook EMA stack — EMA20 ($103.09) below EMA50 ($103.51) below EMA200 ($104.21). RSI14 at 43.41 isn’t oversold, just soft, consistent with a market drifting lower without panic selling.

    The MACD here is the interesting piece: line at -0.24 versus signal at -0.25, with a histogram essentially flat at 0. This represents a bearish setup losing downside conviction — momentum flattening rather than accelerating. Bollinger Bands are tight (mid $103.04, upper $103.51, lower $102.57) and ATR14 has compressed to just 0.33, the lowest volatility reading across all three timeframes. Low ATR plus flattening MACD on the smallest timeframe often signals compression before an expansion move, direction undetermined until the break.

    Reading the Tension Between Timeframes

    The core conflict is a daily uptrend undergoing a short-term corrective pause, where lower timeframes contest the bullish structure without yet breaking it. The daily chart says trend is up, RSI has room, and structural bias favors buyers. The hourly chart says momentum has curdled and sellers control the immediate tape. The 15-minute chart is bearish by regime label but shows signs of running out of downside energy.

    None of these three stories perfectly agree. What this really looks like is a daily uptrend undergoing a normal short-term corrective pause — the kind of pullback typical inside a larger bullish structure — but one that hasn’t yet resolved back in the bulls’ favor on lower timeframes.

    Bullish Scenario: Reclaiming Key Levels

    A reclaim of the daily pivot at $103.30 and the hourly EMA200 near $103.28 would signal buyers stepping back in across all timeframes. A push through daily R1 at $104.16 would open the door toward a retest of the upper daily Bollinger Band near $110.71, with the daily EMA structure and RSI14 above 60 providing underlying support.

    This scenario gains credibility if broader market conditions stabilize after the recent 3.78% pullback in total crypto market cap, and if on-chain activity across Solana’s DEX ecosystem keeps expanding.

    Invalidation: A daily close back below S1 at $102.07 that holds, especially paired with daily RSI slipping under 50, would suggest the correction is deeper than a simple pause and put the bullish structure genuinely at risk.

    Bearish Scenario: Deeper Correction Toward Daily EMA50

    Should hourly and 15-minute weakness deepen — meaning price loses hourly S1 at $102.69 and can’t reclaim the 15-minute EMA200 near $104.21 — the path of least resistance shifts lower. A slide toward the daily EMA50 near $90, or even the lower daily Bollinger Band at $90.77, becomes a realistic target, particularly if the broader market’s -3.78% mcap drop turns into sustained risk-off rather than a one-day flush.

    Invalidation: A reclaim of the hourly EMA50 ($104.21) alongside the 15-minute EMA50 ($103.51), combined with the MACD histogram flipping positive on both timeframes, would signal sellers have lost control and hand momentum back to bulls.

    Context Beyond the Charts: On-Chain Activity Tells a Different Story

    On-chain activity on Solana’s DEX layer paints a more constructive picture than the token’s short-term price action. The Fear & Greed Index currently reads 69 (Greed) — a sentiment backdrop that doesn’t fully square with a market cap down nearly 4% in a day. That gap between sentiment and price action can produce sharp, fast moves once it resolves.

    DeFi fee data across Solana-based decentralized exchanges shows sustained growth: Raydium AMM fees up 316.68% over 30 days, Orca DEX fees up 233.26%, and HumidiFi up 122.81%, per fee-tracking data. This sustained activity growth suggests real usage isn’t fading even while the token’s short-term price action chops around — a detail that matters more for the macro thesis than for tomorrow’s candle.

    Positioning and Risk: A Coiled Market Waiting for a Catalyst

    Solana currently sits in a genuinely two-sided setup. The daily trend hasn’t broken, but shorter timeframes actively contest it, and compressed volatility on the 15-minute chart (ATR14 at just 0.33) suggests the market is coiling for a move rather than committing to one.

    Traders leaning bullish on the daily structure should recognize they’re fighting hourly and 15-minute momentum in the near term. Those leaning bearish on short-term weakness need to respect that the larger trend, EMA alignment, and RSI room remain stacked against them. Volatility compression rarely lasts — when it releases, moves tend to be quicker than recent price action suggests.

    Given mixed signals across timeframes and a broader market that just shed nearly 4% of its capitalization in a day, this moment calls for patience over conviction, and for waiting on confirmation rather than anticipating which side wins the argument.

    FAQ

    What is Solana’s price today?

    As of September 8, 2026, Solana is trading at approximately $102.93, sitting above its daily EMA20 at $98.79, EMA50 at $90, and EMA200 at $89.26, with all three moving averages stacked in proper bullish order.

    Is Solana’s daily trend still bullish?

    Yes, the daily trend remains classified as bullish with all three key EMAs stacked in proper order and RSI14 at a healthy 61.1. However, the MACD histogram has turned negative at -0.6, signaling momentum is cooling inside the larger uptrend rather than reversing it.

    What are the key support and resistance levels for Solana?

    The daily pivot sits at $103.30, with resistance R1 at $104.16 and support S1 at $102.07. The upper daily Bollinger Band is at $110.71, while the lower band sits at $90.77. On the hourly chart, the pivot is at $102.85 with S1 at $102.69.

    Disclaimer: This article is for informational purposes only and does not constitute financial advice, an investment recommendation, or a solicitation to buy or sell any financial instrument or cryptocurrency. The analysis provided is not indicative of future results. Investing in crypto assets and financial markets carries a high risk of capital loss. Always do your own research (DYOR) and consult a qualified financial advisor before making any decision.

    Article produced with the assistance of artificial intelligence and reviewed by the editorial team.

  • Bitcoin ETFs Still $1 Billion Short of Breaking Even in 2026

    Bitcoin ETFs Still $1 Billion Short of Breaking Even in 2026

    Investor appetite for U.S.-listed spot bitcoin exchange-traded funds (ETFs) has surged in recent weeks, yet cumulative flows for 2024 remain deeply negative.

    Strong Summer Inflows Fail to Offset Spring Selloff

    Data from SoSoValue shows a dramatic turnaround in August, which attracted a massive $3.52 billion in fresh capital. Momentum carried into September, adding another $770.15 million through the early part of the month. While the winning streak signals that the worst of the mid-year market doldrums may be over, the broader arithmetic reveals a persistent deficit.

    Despite the recent rally, the funds are still down roughly $1 billion on a year-to-date basis. The primary driver of this lingering shortfall is the brutal two-month stretch in May and June, when institutional capital exited the funds at an alarming pace. June alone wiped out a staggering $4.51 billion, completely erasing the gains accumulated during March and April. Consequently, bulls still have significant ground to cover before ETF flows break even for the year.

    Macro Catalysts Loom as Critical Test

    Market participants are now focused on whether the positive momentum can withstand upcoming macroeconomic events. “The key test now is whether those inflows survive this week’s CPI and Treasury buyback,” analysts at crypto exchange Bitfinex said in a note to CoinDesk.

  • Curve’s Soft Liquidation Model Helps Borrowers Survive Market Drawdowns

    Curve’s Soft Liquidation Model Helps Borrowers Survive Market Drawdowns

    Curve Finance Soft Liquidation Data Reveals Borrowers Recover After Weeks in Liquidation

    New on-chain data from Curve Finance shows that hundreds of borrowers spent days or weeks in a partially liquidated state before their positions recovered, challenging the conventional assumption that liquidation equals immediate loss.

    How Soft Liquidation Works on Curve

    Unlike traditional hard liquidation — where a position is closed outright once collateral value drops below a threshold — Curve’s crvUSD lending markets use a soft liquidation mechanism. When a borrower’s collateral value falls into a specific price band, the protocol automatically converts a portion of that collateral into crvUSD stablecoins to reduce debt.

    The unusual finding is that these conversions happen while the loan remains open. A position can stay partly liquidated for extended periods and still recover if market prices reverse.

    Curve Finance Market Context

    Curve Finance operates as a major decentralized finance (DeFi) protocol specializing in stablecoin swaps and lending. According to DefiLlama data:

    • Total deposits: Approximately $1.35 billion
    • 30-day DEX volume: Roughly $3.4 billion
    • 30-day protocol fees: About $4.3 million
    • 30-day protocol revenue: Approximately $1.15 million
    • Active loans outstanding: Roughly $46 million

    Costs and Risks Remain for Borrowers

    Soft liquidation is not cost-free. The data indicates borrowers can still lose money through:

    • Trading fees during collateral conversion
    • Rebalancing costs
    • Accrued interest
    • Repeated price movements in both directions

    A position can still progress to hard liquidation if adverse price action continues. Even when prices recover, the borrower may not return to their original position due to accumulated costs and slippage.

    Key Takeaway for DeFi Lending

    Curve’s data establishes that on this system, crossing into liquidation does not mean a loan is dead. Hundreds of borrowers experienced extended periods in soft liquidation — days or weeks — before their positions recovered, demonstrating a materially different risk profile compared to traditional lending protocols.

  • Bitcoin Slips to $78,800 as BNB, DeFi Tokens Buck Selloff

    Bitcoin Slips to $78,800 as BNB, DeFi Tokens Buck Selloff

    Bitcoin Slips Below $79K as Macro Pressures Weigh; BNB Chain Tokens Lead Gainers

    Bitcoin (BTC) traded around $78,800 on Tuesday, down 0.42% since midnight UTC and 0.75% over the past 24 hours, according to CoinDesk data. The decline leaves the largest cryptocurrency 4.1% below the $82,320 resistance level it failed to breach last week. Ether (ETH) held relatively steady at $2,490, shedding just 0.02%, while Solana (SOL) dipped 0.06% to $103.77.

    Market Breadth Mixed as BNB Ecosystem Outperforms

    Among the 100 assets in the CoinDesk 100 Index, 42 traded in negative territory. BNB Chain tokens emerged as notable exceptions, with BNB rising 2% to $754 since midnight. Related assets CAKE (PancakeSwap) and SYRUP also advanced, benefiting from a rotation into the BNB Chain ecosystem.

    The CoinDesk 5 Index slipped 0.47%, while the broader CoinDesk 20 Index edged up 0.2%. The CoinDesk Memecoin Index outperformed with a 0.41% gain.

    Derivatives Signal Caution Amid Macro Headwinds

    Taker Flow Remains Bearish

    The buy-sell ratio of takers—traders who remove liquidity by executing at market prices—in crypto futures stayed bearish. Major tokens came under pressure from rising oil prices, speculation around Federal Reserve rate increases, and elevated bond yields.

    Open Interest Flat, Volume Rises 5%

    Twenty-four-hour open interest (OI) remained largely unchanged at $141 billion, but trading volume climbed 5% to $149.85 billion. The divergence suggests increased churn rather than fresh positional conviction, indicating traders are rotating capital without adding significant new leverage.

    Aerodrome’s AERO Leads Top-100 Gainers with 17% Surge

    Decentralized exchange Aerodrome Finance’s native token AERO surged 17% in 24 hours, topping the leaderboard among top-100 assets by market value. The rally coincided with a sharp rise in futures open interest to a record 129 million tokens, a combination that points to a buildup of long positions supporting the spot-price move.

    Positive CVD Confirms Aggressive Buying

    AERO’s bullish momentum is reinforced by a positive 24-hour open-interest-adjusted cumulative volume delta (CVD), signaling that buyers are executing market orders more aggressively than passive limit orders.

    Injective’s INJ Mirrors Bullish Futures Structure

    INJ, up 10%, displays a similar bullish futures setup, lending credibility to its spot-price breakout above $6—a level that has acted as a supply zone since mid-June, capping previous advances.

    Bitcoin Futures OI Rises Despite Price Drop

    Overall Bitcoin open interest remains below the 700,000 BTC mark, reflecting still-low appetite for leverage. However, open interest in major USDT- and USD-margined futures increased to 265,000 BTC from 257,000 BTC even as spot prices fell to $78,700 from $80,000. The uptick suggests some traders may have initiated short positions anticipating further downside.

    Bears Dominate Most Majors; AVAX, XLM, DOGE Show Strength

    Negative 24-hour cumulative volume deltas across most major tokens indicate bears are leading price action. Exceptions include Avalanche (AVAX), Stellar (XLM), and Dogecoin (DOGE), which posted positive CVDs.

    Volatility Indexes Calm; Deribit Options Lean Bullish Short-Term

    Bitcoin and ether volatility gauges remain near recent lows, signaling no scramble to buy options or hedge positions. On Deribit, weekly-expiry calls dominated 24-hour volume rankings for both BTC and ETH, reflecting short-term bullish expectations despite the broader bearish taker flow.

    Token Movers: CAKE, VET, SYRUP Lead; RAY, KAS, TAO Lag

    • PancakeSwap (CAKE): +4.9% since midnight UTC, +7.5% over 24 hours to $2.29, extending a rally driven by BNB Chain rotation and the exchange’s tokenized-stocks initiative.
    • VeChain (VET): +8% on the day, +9% over 24 hours to $0.00735.
    • SYRUP: +8% to $0.23, placing three DeFi and enterprise-chain names atop the gainers board while major assets sold off.
    • Raydium (RAY): -5.5% since midnight to $1.10, tracking Solana’s decline.
    • Kaspa (KAS): -4.7% to $0.034, unwinding most of a weekend surge that made it a top 24-hour gainer on Monday.
    • Bittensor (TAO): -1.5% on the day, -3.7% over 24 hours to $256, after leading the market on Sunday.
    • Aerodrome (AERO): +18% over 24 hours to $0.64, though momentum cooled to a 2.8% gain since midnight.
    • Jupiter (JUP): -3.8% to $0.24, a second consecutive heavy session following Monday’s 9% drop with no clear catalyst identified.
  • Tom Lee Outlines $6,000 Ethereum Scenario, Cites 4 Catalysts

    Tom Lee Outlines $6,000 Ethereum Scenario, Cites 4 Catalysts

    Bitcoin dipped below the $80,000 threshold as markets brace for upcoming U.S. inflation data and rising expectations of a Federal Reserve interest rate hike. While altcoins displayed mixed performance, Ethereum consolidated around the $2,480 level.

    BitMine President Tom Lee Identifies Four Catalysts for Ethereum Upside

    In a recent interview, BitMine President Tom Lee outlined a bullish case for Ethereum, suggesting the asset could climb to approximately $6,000. Lee cited four key catalysts that he believes could drive significant appreciation in the $ETH price.

    First Catalyst: The CLARITY Act

    Lee highlighted the CLARITY Act as the most critical development, describing it as the most important legislation expected to define the regulatory framework for cryptocurrencies in the United States. He projects that the bill’s passage in September could substantially increase Wall Street’s engagement with the crypto market. According to Lee, removing regulatory uncertainty would clear the path for major financial institutions to expand their operations in the digital asset space.

    Second Catalyst: Sidelined Capital Re-entering the Market

    The second catalyst involves the unwinding of idle capital and short positions that have remained on the sidelines. Lee noted that some investors exited the crypto market following the previous downturn. A sustained price recovery could compel these participants to re-enter. He specifically pointed to investors anticipating a potential cycle bottom in October based on the traditional four-year crypto cycle; if the market maintains strength, these investors may be forced to cover positions earlier than planned, adding upward pressure on prices.

    Third Catalyst: Asian Capital Rotation

    Lee identified a rotation of Asian capital toward crypto assets as the third driver. He observed that investors in markets such as South Korea, who had previously concentrated on local equities, are refocusing on cryptocurrencies. Lee believes this inflow could boost demand across the market, with Ethereum standing as a primary beneficiary.

    Fourth Catalyst: Institutional FOMO into Quarter-End

    The final catalyst centers on corporate FOMO (fear of missing out). Lee argued that if Ethereum sustains its momentum through the end of the third quarter in September, underperforming fund managers may pivot into $ETH and other digital assets to salvage fourth-quarter returns. This institutional chasing of performance could trigger a notable price rally.

    The $6,000 Price Target Scenario

    Lee’s $6,000 price target is derived from a valuation model based on the ETH/BTC trading pair. He calculates that if the ratio rises from current levels to 0.04 while Bitcoin reaches $150,000, Ethereum would trade near $6,000. Lee characterized this scenario as conservative, noting that the ETH/BTC ratio peaked near 0.08 during the 2021 bull market. He maintains that the four catalysts outlined above provide fundamental support for such a move.

    Disclaimer: This content is for informational purposes only and does not constitute investment advice.

  • Bitcoin Price Stalls Below $78K as ADX Falls to 12

    Bitcoin Price Stalls Below $78K as ADX Falls to 12

    Bitcoin price traded just below $78,000 on Sept. 1 after retreating from the $81,000 area. Fading trend strength, Federal Reserve rate concerns and nearby liquidation clusters kept BTC locked in a narrow range.

    Bitcoin price consolidates after a 25% August rally

    According to data from crypto.news, Bitcoin ($BTC) was trading near $77,978 at press time, down about 0.8% on the day and roughly 1.9% over the past week. The cryptocurrency had pulled back from a local high near $81,300 while holding above the $77,700–$77,800 area.

    The decline followed an almost 25% advance in August, Bitcoin’s strongest monthly performance since November 2024. Profit-taking increased as buyers struggled to move the price through the $81,000–$82,000 resistance zone.

    Bitcoin’s daily chart shows the cryptocurrency holding most of its August breakout despite the recent pullback. The price remains well above Supertrend support at $72,310, while the indicator continues to show a bullish trend on the daily timeframe.

    Bitcoin price daily chart — Sep. 1 | Source: crypto.news

    However, Bitcoin has repeatedly failed to sustain moves above $80,000. These rejections have kept the price inside a short-term range, with neither buyers nor sellers showing enough strength to take control.

    The daily relative strength index stands at 68.02. Although the reading remains above the neutral 50 level, it has fallen below its moving average at 76.83, indicating that bullish momentum has cooled since the August surge.

    Fed concerns and ETF outflows limit Bitcoin demand

    The pullback coincided with a more cautious US macroeconomic backdrop. Federal Reserve Chair Kevin Warsh said at Jackson Hole that policymakers would have “work to do” if inflation failed to move toward the central bank’s 2% target at a sufficient pace.

    Warsh’s comments increased expectations that the Fed could consider another interest-rate increase. Higher rates can pressure Bitcoin by raising the return available on government debt and reducing investors’ willingness to hold risk assets that generate no cash flow.

    US spot Bitcoin exchange-traded funds recorded about $201.8 million in net outflows on Aug. 28, according to SoSoValue data. The withdrawal ended a nine-session inflow streak that had brought more than $3 billion into the funds.

    Institutional demand has not disappeared. Strategy disclosed that it purchased 4,603 $BTC for approximately $370 million between Aug. 24 and Aug. 30 at an average price of about $80,318.

    The US-listed company now holds 845,050 $BTC. However, its latest purchase has not been enough to push the market back above the company’s recent acquisition price.

    Bitcoin liquidity builds on both sides of the range

    CoinGlass’s one-week Bitcoin liquidation heatmap shows substantial leveraged positions building above and below the current price.

    Bitcoin liquidation heatmap | Source: CoinGlass

    The closest large upside clusters sit around $79,500, $80,500 and $81,500–$82,000. A move into those areas could force short sellers to close positions, adding buying pressure and potentially accelerating a breakout.

    The clearest downside liquidity is concentrated between approximately $76,500 and $77,000. Another pool extends toward $75,000, making the broader $75,000–$77,000 zone a possible target if Bitcoin loses its current floor.

    Pseudonymous analyst Eliz also identified $81,000–$82,000 and $75,000–$77,000 as the two main liquidity areas. The analyst said the market had not received a sufficiently strong liquidity influx to produce a reliable directional setup.

    The heatmap does not predict which cluster Bitcoin will reach first. Instead, it identifies areas where forced position closures could increase volatility once the price exits its present range.

    Weak ADX points to continued Bitcoin range trading

    Bitcoin’s 4-hour chart supports the consolidation outlook. The Bollinger Bands place their midpoint at $78,242, slightly above the current price.

    Bitcoin price 4-hour chart — Sep. 1 | Source: crypto.news

    The upper Bollinger Band stands at $79,062, while the lower band is near $77,422. Bitcoin is trading in the lower half of the channel but has not produced a confirmed close below its lower boundary.

    A break above $79,062 would put $80,000 back in focus, followed by the heavier liquidation zone around $81,000–$82,000. The daily chart places the next major resistance level near $82,842.

    A daily close above $82,842 would clear the recent high and could confirm that the August rally has resumed. Until then, repeated rejections below that level leave Bitcoin vulnerable to another range reversal.

    On the downside, a sustained break below $77,422 would expose the liquidity cluster near $76,500–$77,000. Losing the broader $75,000 level could open a deeper pullback toward daily Supertrend support at $72,310.

    The 4-hour average directional index has dropped to 12.26. Readings below 20 generally show that an asset lacks a strong trend, supporting the possibility of further sideways trading until Bitcoin breaks one of the range boundaries.

    For US investors, ETF flows and interest-rate expectations remain the main near-term catalysts. A return to sustained spot ETF inflows could help buyers challenge $82,000, while renewed outflows or stronger rate-hike expectations could increase pressure on the $75,000–$77,000 support area.

  • Shiba Inu’s (SHIB) 87 Trillion Threshold Is on the Verge of Breaking Down

    Shiba Inu’s (SHIB) 87 Trillion Threshold Is on the Verge of Breaking Down

    Shiba Inu exchange reserves are nearing a major on-chain milestone, with holdings just below 87 trillion $SHIB. The latest data shows approximately 86.9973 trillion tokens in exchange-linked wallets, leaving a gap of about 2.7 billion $SHIB. Relative to the total reserve, that difference is negligible.

    Rising exchange reserves could pressure $SHIB

    Shiba Inu exchange reserves could move above 87 trillion without any extraordinary transfers. Reserves increased by a further 0.04% over the past 24 hours, but that rise would not necessarily be bullish for $SHIB.

    Exchange reserves measure the amount of an asset held in wallets associated with cryptocurrency exchanges. Sustained growth generally means more tokens are immediately available for trading and potential selling. Conversely, declining reserves can indicate that tokens are moving into private custody.

    Current flow data also favors exchanges. Total $SHIB inflows stand at 271.53 billion tokens, compared with outflows of 222.25 billion. This leaves netflow positive at approximately 34.47 billion $SHIB.

    Some conflicting signals remain. The seven-day moving average of mean exchange outflows has declined 40.62% to roughly 502.1 million $SHIB. Although total outflows increased by 0.5%, the ordinary mean outflow rose by 0.51%. This suggests there is no significant withdrawal wave capable of rapidly reducing exchange reserves at present.

    Shiba Inu price remains near key support

    The 87 trillion reserve threshold is particularly important because of recent $SHIB price action. After recovering from the $0.000005 region, Shiba Inu is trading at approximately $0.00000518. That price is close to both the shorter-term average at $0.00000501 and the 100-day EMA at $0.00000498.

    $SHIB has therefore maintained its immediate technical support, although upside momentum remains limited. The Relative Strength Index is near 54, pointing to neutral-to-moderately bullish momentum rather than an overheated market.

    The 200-day EMA at $0.00000570 remains the more significant resistance level. A recent move above that threshold was quickly rejected. Selling pressure could become more difficult to absorb if exchange reserves firmly exceed 87 trillion while inflows continue to outpace outflows.

    For now, the 87 trillion level is primarily psychological. The more important factor will be whether reserves continue rising after the threshold is crossed while $SHIB struggles to move decisively away from $0.000005.

    Source: cryptonews.net

  • SEC Proposes Broad Update to Decades-Old Transfer Agent Rules With Blockchain Nod

    SEC Proposes Broad Update to Decades-Old Transfer Agent Rules With Blockchain Nod

    The US Securities and Exchange Commission (SEC) has proposed the most significant overhaul in decades of the rules governing transfer agents, as blockchain-based recordkeeping and tokenized securities gain traction in US financial markets.

    The proposed SEC transfer agent rules would update requirements for registration, recordkeeping, securities safeguarding and transfers. They would also introduce new compliance measures addressing risks linked to increasingly digital and automated market infrastructure.

    “Market participants are actively seeking to bring blockchain-native, or ‘onchain’ transfer agents into the U.S. market,” the SEC said, citing potential applications including blockchain-based recordkeeping, tokenized fund administration and cross-chain interoperability.

    The agency said its current regulatory framework does not adequately address these developments. In particular, the SEC identified risks involving cybersecurity, operational resilience and the protection of securities and investor records.

    Under the proposal, transfer agents would face expanded reporting obligations and additional compliance standards. The changes would include requirements covering restrictive legends on securities and the use of third-party service providers.

    SEC’s proposed Transfer Agent Rules. Source: SEC

    SEC transfer agent rules date back decades

    The SEC said its transfer agent rules have not undergone substantive updates since the late 1970s and early 1980s, when the industry still depended heavily on paper certificates and manual recordkeeping.

    The regulatory agency is seeking public comment on the proposed changes. Comments will be due 60 days after the proposal is published in the Federal Register.

    Related: CFTC chair says agency will move forward with crypto regulation if CLARITY fails

    SEC advances broader securities rule changes

    The SEC is “on a mission to simplify its rules,” according to an analysis from law firm Cahill Gordon & Reindel that was sent to clients on Tuesday.

    In May, the SEC proposed three major changes to public-company reporting and securities rules. The proposals would allow companies to choose semiannual reporting, simplify the current filer classification system and expand access to streamlined registered securities offerings.

    Last week, the SEC sent a proposed overhaul of custody rules for investment advisers and investment companies to the White House for review. The potential changes include provisions on how firms hold crypto assets for clients.

    The proposed custody changes could establish clearer standards for investment advisers and funds holding digital assets while they comply with federal securities regulations.

    Magazine: Does the Bitcoin rally mean we haven’t wasted our lives in crypto?

  • ‘DOGE Safe’: Dogecoin Wallet Issues Migration Alert Ahead of Asset Support Cutoff

    ‘DOGE Safe’: Dogecoin Wallet Issues Migration Alert Ahead of Asset Support Cutoff

    Dogecoin wallet MyDoge has announced that it will end support for Doginals and DRC-20 assets on September 17, 2026, following the planned shutdown of the Dogecoin API operated by its third-party infrastructure provider, Maestro.

    Doginals are digital assets inscribed on the Dogecoin blockchain, similar to Bitcoin Ordinals-style inscriptions. Maestro has announced that its Dogecoin API services will shut down on September 18, 2026, prompting MyDoge to suspend related support one day earlier.

    🚨 Important notice regarding Doginals and DRC-20 support in MyDoge.Maestro, the third-party infrastructure provider used by MyDoge for Doginals and DRC-20 support, has announced the shutdown of its Dogecoin API services on September 18, 2026. As a result, MyDoge will suspend…
    — MyDoge (@MyDoge) August 31, 2026

    MyDoge described the development as an ‘unexpected and inconvenient change’ for asset holders and said it aims to provide clear guidance ahead of the support deadline.

    Users holding Doginals or DRC-20 assets in MyDoge are urged to migrate those assets to compatible wallets before September 17, 2026.

    Regular DOGE transactions are not affected

    MyDoge said the advisory does not apply to regular $DOGE holdings or other supported assets. Users do not need to move their $DOGE out of the wallet, and standard Dogecoin transactions will continue as normal.

    The wallet provider also said that the end of Doginals and DRC-20 support will not delete the assets from the Dogecoin blockchain. Affected assets will remain associated with users’ addresses onchain, but MyDoge will no longer have the infrastructure needed to display or send them after September 17.

    As a result, users may be unable to access or recover affected assets through MyDoge after the deadline. MyDoge recommends transferring them to a compatible wallet beforehand.

    MyDoge shares migration safety tips

    MyDoge has advised affected users to rely on official links, confirm that their chosen wallet supports the specific Doginals or DRC-20 assets they hold, and consider sending a small test transaction before transferring the full balance.

    Users should also beware of unsolicited messages, links, accounts offering migration assistance, and anyone requesting seed phrases or private keys. MyDoge said it will never ask users to provide those sensitive details.

    MyDoge is reviewing possible options for supporting Doginals and DRC-20 assets again in the future. However, the wallet provider has not confirmed a replacement service or timeline, so users should treat September 17, 2026, as the migration deadline.

  • Shiba Inu (SHIB) Forms Bull Flag: Can It Erase a Zero Soon?

    Shiba Inu (SHIB) Forms Bull Flag: Can It Erase a Zero Soon?

    Traders have identified a bull flag pattern on the Shiba Inu (SHIB) price chart, raising the possibility that the meme cryptocurrency could remove a zero from its price in the coming days.

    A bull flag typically forms after a sharp upward move, followed by a period of downward-sloping consolidation. Traders often view the pattern as a potential continuation setup, particularly when the price breaks above the flag’s upper boundary on strong volume.

    “$SHIB is making Bull Flag,” said crypto trader $SHIB Knight. “Good chance to delete a zero in the coming days.”

    $SHIB is making Bull Flag. Good chance to delete a zero in the coming days.

    — $SHIB KNIGHT (@army_shiba), September 1, 2026

    In cryptocurrency market terminology, “deleting a zero” means removing one zero after the decimal point. For Shiba Inu, that would potentially mean reaching $0.00001.

    At the time of writing, SHIB was trading at $0.000005162, up 3.35% over the previous 24 hours but down 4.25% over the past week.

    The broader market is consolidating after a short squeeze drove cryptocurrency prices higher over the past week. However, the pause has not significantly weakened crypto’s relative strength, with most digital assets trading in positive territory over the last 24 hours.

    Crypto market open interest remained stable near $137.42 billion, while trading volume fell by nearly 14%. The data suggests traders are adding neither significant long nor short positions and are waiting for a clearer directional signal.

    Can Shiba Inu Reach $0.00001?

    Shiba Inu recovered from a three-day decline that took the price to a low of $0.00000488 on August 30, marking its second consecutive day of gains. The rebound had pushed SHIB to an intraday high of $0.00000523 at press time, with the price now approaching the daily 200-day moving average at $0.00000537.

    A break above the daily 200-day moving average could put $0.00000553 and $0.00000575 in focus, followed by $0.00000623. A decisive move above those levels could open the way toward $0.00001017, potentially removing a zero from Shiba Inu’s price.

    A potentially bullish market signal has also emerged as the Korean premium turns positive, suggesting that Korean investors may be returning to the cryptocurrency market.

    According to CryptoQuant, the Korea premium had remained negative for the longest period in its history before recently beginning to turn positive. The shift indicates that investors in the Korean market are starting to show increased interest in cryptocurrencies.