A prominent trader on Polymarket, known as JustWakingUp, has placed a $15,000 bet on a 50 basis point cut by the Federal Reserve next week. This trader, with a total trading volume nearing $400 million and profits exceeding $2 million, anticipates a significant shift in monetary policy, especially after a disappointing jobs report revealed a downward revision of 911,000 jobs.
The market currently assigns a 91% probability to a 25 basis point cut, with the odds for a 50 basis point reduction rising to nearly 10%. The upcoming U.S. Producer Price Index and Consumer Price Index data releases are critical as softer readings could bolster expectations for a more aggressive rate cut, potentially impacting risk assets like Bitcoin and stocks.
Metaplanet has announced a $1.45 billion share sale aimed primarily at increasing its Bitcoin holdings, which currently stand at 20,136 BTC valued at approximately $2.25 billion. This move positions Metaplanet as the sixth-largest public corporate holder of Bitcoin globally, reflecting a significant shift towards digital assets in corporate treasury strategies.
Simultaneously, GameStop reported a narrower net loss of $18.5 million for Q2, bolstered by its Bitcoin holdings valued at $528.6 million. This strategic positioning in Bitcoin could signal a new trend for companies looking to leverage cryptocurrency for financial stability and growth.
XRP faced resistance around the $3.00 mark, with significant institutional selling leading to a drop from $3.035 to $2.94. This volatility comes amid expectations for a 25 basis point rate cut from the Fed, which could act as a liquidity driver for risk assets, including cryptocurrencies.
In contrast, Bitcoin ETFs have recorded substantial inflows of $368 million, the highest in a month, indicating renewed institutional interest. This capital influx suggests a potential rotation from Ethereum to Bitcoin as investors seek safer assets ahead of upcoming macroeconomic reports.
The anticipation surrounding the Fed's upcoming rate decision is palpable, with traders closely monitoring inflation data set to be released soon. A potential shift in monetary policy could lead to increased capital flows into cryptocurrencies, particularly if rate cuts are more aggressive than expected.
As the crypto market remains range-bound, the upcoming economic indicators could serve as catalysts for significant price movements. Investors are preparing for potential volatility as the market digests these critical data points and their implications for future monetary policy.
Shares of CoreWeave (CRWV) rose as much as 9% on Monday morning after the company announced it’s launching a venture capital arm focused on early-stage artificial intelligence startups. The stock was higher by 4.5% as midday U.S. hours approached. The company didn’t disclose how much capital would be committed but framed the effort as an extension of its broader mission to support high-performance computing for machine learning and generative AI.
CoreWeave is also in the process of acquiring bitcoin miner Core Scientific (CORZ) in a $9 billion all-stock deal. The merger, announced in July, is still subject to shareholder and regulatory approvals.
GameStop disclosed 4,710 BTC on its balance sheet, valued at $528.6 million with $28.6 million in unrealized gains. Net loss narrowed to $18.5 million from a $44.8 million profit in Q1. Revenue slipped to $673.9 million from $732.4 million while operating costs fell as collectibles sales rose.
easyGroup launched easyBitcoin.app, a mobile platform built with Uphold to make buying and holding bitcoin (BTC) simpler for retail users. The world's largest cryptocurrency was trading around $112,650 at publication time. easyBitcoin aims to lower barriers with incentives including a 1% welcome bonus on recurring buys, 2% annual rewards for long-term holders and 4.5% APY on USD balances paid out in bitcoin, backed by $2.5 million in FDIC insurance.
Crypto exchange Gemini upped its initial public offering ahead of its debut on Friday, and is now aiming for a valuation of over $3 billion.
Gemini prepares Nasdaq debut with $2.2 billion target valuation, linking custody and staking to Nasdaq’s Calypso platform.
David Bailey's Nakamoto said it has committed up to $30 million to participate in Metaplanet's global equity offering.
One of Europe’s top crypto asset managers is making a bold move across the Atlantic.
Shares of ASST closed Tuesday's session up 17% and were up another 35% in after-hours trading on news of the merger approval.
Farmway’s deal will build on a previous investment in Georgia’s almond orchards, adding 100 hectares and tokenizing infrastructure, according to the company.
Cantor Fitzgerald announced on Sept. 8 the creation of the Cantor Fitzgerald Gold Protected Bitcoin Fund L.P., designed to capture explosive crypto upside while leveraging gold’s stability to safeguard investor principal from sharp market downturns.
Coinbase has welcomed the two co-founders of crypto investment platform Sensible, Jacob Frantz and Zachary Salmon, as part of its latest “acqui-hire” announced Tuesday morning.
Following Microsoft’s substantial $17.4 billion investment in AI infrastructure through a partnership with Nebius Group, crypto mining stocks experienced a notable surge. This deal has shifted investor focus towards companies with significant computing power, including bitcoin miners. Notably, Bitfarms (BITF) saw a remarkable 22% increase in its share price, while Cipher Mining (CIFR) rose by 20%. Other mining stocks such as IREN, Hut 8 (HUT), Riot Platforms (RIOT), and TeraWulf (WULF) also reported mid-teens percentage gains. In contrast, Marathon Digital Holdings (MARA) only increased by 4%, reflecting its recent pivot towards a bitcoin treasury model rather than focusing on high-performance computing.
The cryptocurrency market is witnessing a resurgence, with total market capitalization nearing $4 trillion. Retail investors are particularly interested in meme coins, with Maxi Doge ($MAXI) emerging as a strong contender. The token has raised nearly $2 million in its presale and offers staking rewards of up to 163% APY. Meanwhile, PEPE has rallied nearly 10% over the past week, outperforming Bitcoin's 1.4% increase, driven by strong trading activity that saw over 5.89 trillion tokens exchanged. This renewed interest in meme coins is indicative of a broader trend as traders rotate into altcoins amidst a recovering market.
Shiba Inu (SHIB) is also gaining traction, with a 1,682% surge in its burn rate, reflecting heightened demand and deflationary tokenomics. The price of SHIB has increased over 6% this week, supported by macroeconomic factors such as anticipated U.S. interest rate cuts. This environment is fostering bullish sentiment around SHIB, positioning it for potential gains as traders look for opportunities in the meme coin sector. The total value locked (TVL) in the Shibarium ecosystem has also seen a 3.8% increase, further indicating a revival in interest and activity within the Shiba Inu community.
In broader altcoin developments, predictions from Claude AI suggest that XRP could see significant gains, potentially reaching $50 by the end of 2025, driven by its recent legal victories and expanding use cases in cross-border payments. Additionally, Cardano is showing positive momentum, holding above key levels and breaking out of consolidation, which could lead to further price appreciation. These developments indicate a potential shift in market dynamics as altcoins gain traction alongside Bitcoin and Ethereum.
Internet Computer Protocol (ICP) faced a turbulent trading session, fluctuating within a $0.22 range between support at $4.83 and resistance at $5.05. The token's rally peaked at $5.05, where concentrated selling pressure created a firm ceiling, leading to a reversal that saw ICP drop to $4.93 shortly after. Notably, trading volume spiked during this period, with over 170,000 units transacted in just two minutes, indicating potential systematic liquidations or stop-loss executions. The strong accumulation at the $4.83 support level, backed by a volume of 348,793 units, suggests a critical point for future price movements.
OKX has partnered with Tether to introduce USDT0 on its Ethereum Layer 2 network, X Layer, as well as on the OKX Wallet and Exchange. This integration allows users to deposit and withdraw USDT0 directly, facilitating access to unified liquidity across multiple decentralized finance (DeFi) ecosystems, including Arbitrum, Optimism, and Polygon. The USDT0 is built on LayerZero’s Omnichain Fungible Token (OFT) standard, ensuring each transfer is verifiable and backed 1:1 by canonical USDT, which enhances transparency and simplifies stablecoin transfers. This development aims to create a more efficient infrastructure for on-chain finance, reducing the friction historically associated with stablecoin transactions.
Bitcoin is currently trading near $111,000, with volatility at multi-month lows, as traders await key U.S. inflation data and the Federal Reserve's rate decision scheduled for September 17, 2025. Prediction markets indicate an 82% probability of a 25-basis-point cut, suggesting a shift in monetary policy that could influence liquidity flows into cryptocurrencies. The market is preparing for potential volatility as these economic indicators are released, which could lead to significant price movements in digital assets like Bitcoin and Ethereum.
Kazakhstan is planning a significant shift in its approach to cryptocurrency, targeting a reserve of $3.92 billion by 2026. This move positions the country as a potential leader in the digital asset space, reflecting a broader trend of nation-states exploring crypto reserves as part of their economic strategy.
A group of pro-crypto Senate Democrats has outlined conditions for supporting a digital assets market structure bill, emphasizing the need for bipartisan cooperation. Their letter highlights concerns regarding the appointment of Democratic commissioners at federal agencies like the SEC and CFTC, which they view as critical for advancing meaningful legislation in the crypto sector.
A phishing email on Monday took down one of Node.js’s most prolific developers by pushing malicious code into packages downloaded billions of times a week, in what researchers call the largest software supply-chain attack in recent times. Security Alliance said in a Tuesday report that the attacker walked away with barely a few cents. The injected code checked if window.ethereum was present and hooked into Ethereum’s core transaction functions, redirecting calls to a single wallet, “0xFc4a4858bafef54D1b1d7697bfb5c52F4c166976.” For Solana, the malware overwrote recipients with an invalid string beginning “1911…,” breaking transfers outright. Network requests were also intercepted.
The U.S. Department of Justice has filed a civil forfeiture complaint seeking to seize more than $5 million in Bitcoin allegedly stolen through SIM swap attacks that targeted victims across the country. The funds are directly traceable to cryptocurrency thefts from five victims whose wallets were compromised between October 29, 2022, and March 21, 2023. Investigators said that after each theft, the stolen assets were moved through several cryptocurrency wallets before being consolidated into one wallet that funded an account at Stake.com, an online casino.
Arkham Intelligence has identified a tranche of 45,000 BTC worth $5 billion linked to film piracy website Movie2K. German authorities "failed to seize" the Bitcoin as part of a confiscation in January 2024. In 2024, the German government sold off its seized Bitcoin for an "unprecedented" $3 billion, which has risen in value to $5.62 billion.
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