Leading cryptocurrencies advanced on Tuesday as institutional investors pumped in millions.



<figure class="wp-block-table"><table class="has-fixed-layout"><thead><tr><th>Cryptocurrency</th><th>Gains +/-</th><th>Price (Recorded at 10:15 p.m. ET)</th></tr></thead><tbody><tr><td>Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>)</td><td>+1.66%</td><td>$111,119.12</td></tr><tr><td>Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td><td>-0.18%</td><td>$4,317.58</td></tr><tr><td>XRP (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/xrp/usd">XRP</a>)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td><td>+3.09%</td><td>$2.85</td></tr><tr><td>Solana (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/sol/usd">SOL</a>)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td><td>+5.98%</td><td>$211.51</td></tr><tr><td>Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td><td>+1.67%</td><td>$0.2142</td></tr></tbody></table></figure>



<h2 class="wp-block-heading">&#8216;Greed&#8217; Sentiment Is Back</h2>



Bitcoin reached an intraday high of $111,782.28 in early trading hours and subsequently consolidated around that level.



The sentiment improved after leading cryptocurrency treasury company Strategy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>) disclosed it <a href="https://www.benzinga.com/crypto/cryptocurrency/25/09/47449603/strategy-just-bought-another-4048-btc-how-far-can-corporate-bitcoin-holdings-go">purchased about $450 million</a> in BTC.&nbsp;



Additionally, Bitcoin spot exchange-traded funds recorded $260 million in net inflows as of Sept. 2, <a href="https://sosovalue.com/assets/etf/us-btc-spot">according </a>to SoSo Value.



Ethereum meandered in the $4,300 region for the most part, even as the coin&#8217;s trading volume popped 9% in the last 24 hours. XRP reclaimed $2.80, surging over 3% in the 24-hour period.



Over $267 million was liquidated from the cryptocurrency market in the last 24 hours, with short position traders bearing the brunt of the losses.



Bitcoin's open interest rose 1.46% in the last 24 hours. Over 60% of Binance traders with open BTC positions were long as of this writing.



The market sentiment flipped from "Neutral" to "Greed", according to the Crypto Fear &amp; Greed Index.



Top Gainers (24 Hours)



<figure class="wp-block-table"><table class="has-fixed-layout"><thead><tr><th>Cryptocurrency</th><th>Gains +/-</th><th>Price (Recorded at 10:15 p.m. ET)</th></tr></thead><tbody><tr><td>Merlin Chain (MERL)&nbsp;&nbsp;&nbsp;&nbsp;</td><td>+29.38%</td><td>$0.1556</td></tr><tr><td>TROLL (TROLL)&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td><td>+23.86%</td><td>$0.1715</td></tr><tr><td>Chintai (CHEX)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td><td>+22.72%</td><td>$0.1211 </td></tr></tbody></table></figure>



The global cryptocurrency market capitalization stood at $3.82 trillion, representing a 1.34% increase over the last 24 hours.



<h2 class="wp-block-heading">Stocks Fall, Bond Yields Pop</h2>



Stocks took a tumble on Tuesday. The Dow Jones Industrial Average fell 249.07 points, or 0.55% to close at 45,295.81. The S&amp;P 500 slipped 0.69% to finish at 6,415.54, while the tech-heavy Nasdaq Composite dropped 0.82% to close at 21,279.63.



The sell-offs followed <a href="https://www.benzinga.com/trading-ideas/movers/25/09/47456969/amazon-stock-is-sliding-tuesday-whats-going-on">a surge in bond yields</a>, with the benchmark 10-year Treasury note rising to 4.27% and the 30-year yield exceeding 4.9%.



Investors weighed the <a href="https://www.benzinga.com/markets/economic-data/25/08/47429232/trump-slams-highly-partisan-ruling-after-court-declares-his-tariffs-illegal-economists-say-decision-forces-congress-to-act-not-ban">latest ruling</a> by the U.S. Court of Appeals for the Federal Circuit, which struck down President Donald Trump&#8217;s tariffs.



<h2 class="wp-block-heading">Ongoing Bitcoin Correction Not A Concern</h2>



On-chain analytics firm CryptoQuant noted that Bitcoin has corrected about 12% from its all-time highs.



"On average, the most severe pullbacks have ranged between -20% and -25%," the research firm said. "This current move is therefore not unusual and could continue without breaking the historical pattern."



CryptoQuant added that such corrections are healthy in bull markets, serving to reset excess leverage in derivatives and cool down the overheated mood.



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Are we in a Deep BTC Correction? "Bitcoin hasn't corrected more deeply than -28% during the current bull market&#8230; This current move is therefore not unusual and could continue without breaking the historical pattern." – By <a href="https://twitter.com/Darkfost_Coc?ref_src=twsrc%5Etfw">@Darkfost_Coc</a> <a href="https://t.co/Wn8zvCkU2O">pic.twitter.com/Wn8zvCkU2O</a>&mdash; CryptoQuant.com (@cryptoquant_com) <a href="https://twitter.com/cryptoquant_com/status/1962766786689966241?ref_src=twsrc%5Etfw">September 2, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



Widely followed cryptocurrency analyst Michaël van de Poppe saw a smaller chance for Bitcoin's correction to continue heading into the Federal Reserve's policy meeting on Sept. 17, especially if the coin breaks through $112,000.



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">The past three years haven&#39;t shown a correction in September. The correction took place in August. In August, <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> corrected by nearly 10%. Yes, we could have a deeper correction and yes, I&#39;m heavily buying that one, but the closer we get to the FED meeting, the less of…&mdash; Michaël van de Poppe (@CryptoMichNL) <a href="https://twitter.com/CryptoMichNL/status/1962954932371521581?ref_src=twsrc%5Etfw">September 2, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



Photo Courtesy: Travis Wolfe on Shutterstock.com



Read Next:&nbsp;&nbsp;&nbsp;&nbsp;



<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/09/47440951/trump-family-backed-world-liberty-financial-token-crashes-after-initial-rise-on-first-trading-day">Trump Family-Backed World Liberty Financial Token Crashes After Initial Rise On First Trading Day</a></li>
</ul>

Bitcoin, XRP, Dogecoin Climb As 'Greed' Sentiment Returns; Ethereum Trades Flat — Analytics Firm Gives Its Take On 'Deep' BTC Correction

Brian Armstrong, CEO of&nbsp;Coinbase Global Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>), announced on Tuesday the upcoming launch of&nbsp;a first-of-its-kind futures offering that&nbsp;provides exposure to&nbsp;top U.S. tech stocks and&nbsp;cryptocurrency simultaneously.



COIN stock is staying put for now.&nbsp;<a href="https://www.benzinga.com/quote/COIN" target="_blank" rel="noreferrer noopener">Track the latest developments here.</a>



<h2 class="wp-block-heading">Coinbase&#8217;s All-In-One Futures</h2>



Armstrong took to X on Tuesday to share the news. The new product, dubbed&nbsp;Mag7 + Crypto Equity Index&nbsp;Futures, will be a hybrid index, composed of &#8220;Magnificent 7&#8221; stocks, including Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), Coinbase&#8217;s own shares, iShares Bitcoin Trust ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IBIT#NASDAQ">IBIT</a>) and iShares Ethereum Trust ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ETHA#NASDAQ">ETHA</a>).



Coinbase said the Index will follow an&nbsp;even-weighting methodology, with each of&nbsp;the 10 components representing 10%&nbsp;of the Index. It&nbsp;will be rebalanced quarterly to&nbsp;reflect market changes. The Mag7 + Crypto Equity Index Futures will be monthly, cash-settled contracts.



The product will be launched on Sept. 22. Armstrong stated that the company will introduce more such products as part of its &#8220;everything exchange&#8221; vision.



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">We're launching the first US futures that give exposure to the top US tech stocks and crypto at the same time. We&#39;ll launch more products like this as part of the everything exchange. Coming on September 22. <a href="https://t.co/iTLSt7a8kx">pic.twitter.com/iTLSt7a8kx</a>&mdash; Brian Armstrong (@brian_armstrong) <a href="https://twitter.com/brian_armstrong/status/1962948638469988739?ref_src=twsrc%5Etfw">September 2, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



See Also:&nbsp;<a href="https://benzinga.com/crypto/cryptocurrency/25/09/47449603/strategy-just-bought-another-4048-btc-how-far-can-corporate-bitcoin-holdings-go" target="_blank" rel="noreferrer noopener">Strategy Just Bought Another 4,048 BTC—How Far Can Corporate Bitcoin Holdings Go?</a>



<h2 class="wp-block-heading">Coinbase&#8217;s Push Into Derivatives</h2>



The announcement comes on the heels of<a href="https://www.benzinga.com/crypto/cryptocurrency/25/08/47226939/brian-armstrong-hails-great-progress-as-coinbase-rolls-out-advanced-trading-for-popular-coins-solana-xrp"> Coinbase&#8217;s recent expansion</a> of its perpetual futures offering, adding XRP (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/xrp/usd">XRP</a>) and Solana (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/sol/usd">SOL</a>) to its suite, which already consisted of Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) and Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>)



Price Action: Coinbase shares rose 0.31% in after-hours trading after closing 0.32% lower at $303.56&nbsp;during Tuesday's regular trading session, according to&nbsp;<a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA.." target="_blank" rel="noreferrer noopener">data from Benzinga Pro</a>. Year-to-date, the stock has gained 22.26%.



Roundhill Magnificent Seven ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/MAGS#BATS">MAGS</a>), which provides equal-weight exposure to the &#8220;Mag 7&#8221; stocks, closed 1.14% lower at $59.11 on Tuesday. Since 2025 began, the ETF has returned 8.62% on investments.



iShares Bitcoin ETF was up 0.33% after-hours, while iShares Ethereum ETF rose 1.30%.



As of this writing, COIN ranked high on Growth, an indicator of a stock's combined historical expansion in earnings and revenue across multiple periods. Visit&nbsp;<a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound" target="_blank" rel="noreferrer noopener">Benzinga Edge Stock Rankings</a>&nbsp;to compare it to the &#8220;Mag 7&#8221; tech giants and the cryptocurrency ETFs.



<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="441" height="197" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/09/02211354/image-2-7.png" alt="" class="wp-image-1053650" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/09/02211354/image-2-7.png 441w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/09/02211354/image-2-7-300x134.png 300w" sizes="(max-width: 441px) 100vw, 441px" /></figure>



Read Next:&nbsp;



<ul class="wp-block-list">
<li><a href="https://benzinga.com/crypto/cryptocurrency/25/09/47451889/how-one-trader-scored-250-million-from-the-trump-linked-world-liberty-financial-token" target="_blank" rel="noreferrer noopener">How One Trader Scored $250 Million From The Trump-Linked World Liberty Financial Token</a></li>
</ul>



Photo: Camilo Concha / Shutterstock.com



Disclaimer:&nbsp;This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.<a href="https://www.benzinga.com/apis?utm_source=benzinga.com&amp;utm_campaign=article-bottom" rel="noreferrer noopener" target="_blank"></a>

Coinbase To Launch Futures Offering Combined Exposure To 'Mag 7' Stocks, Bitcoin And Ethereum ETFs

Cryptocurrency markets are going sideways on Tuesday, with Bitcoin holding steady near $110,000.



<figure class="wp-block-table"><table class="has-fixed-layout"><tbody><tr><td>Cryptocurrency</td><td>Ticker</td><td>Price</td></tr><tr><td>Bitcoin</td><td>(CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>)</td><td>$110,792.50</td></tr><tr><td>Ethereum</td><td>(CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>)</td><td>$4,297.16</td></tr><tr><td>Solana</td><td>(CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/sol/usd">SOL</a>)</td><td>$206.51</td></tr><tr><td>XRP</td><td>(CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/xrp/usd">XRP</a>)</td><td>$2.81</td></tr><tr><td>Dogecoin</td><td>(CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>)</td><td>$0.2118</td></tr><tr><td>Shiba Inu</td><td>(CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/shib/usd">SHIB</a>)</td><td>$0.00001235</td></tr></tbody></table></figure>



Notable Statistics:



<ul class="wp-block-list">
<li>Coinglass data shows 154,442 traders were liquidated in the past 24 hours for $435.54 million.           </li>



<li>In the past 24 hours, top gainers include Sky (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">SKY</a>), Pump. Fun (CRYPTO: PUMP) and Bitget Token (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">BGB</a>). </li>
</ul>



Notable Developments:



<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/09/47456072/somnia-launches-mainnet-somi-token-after-processing-10-billion-testnet-transactions">Somnia Launches Mainnet, $SOMI Token After Processing 10 Billion Testnet Transactions</a></li>



<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/09/47454608/cleancore-raises-175000420-to-establish-official-dogecoin-treasury">CleanCore Raises $175,000,420 To Establish Official Dogecoin Treasury</a></li>



<li><a href="https://www.benzinga.com/markets/earnings/25/09/47442044/3-bitcoin-treasury-firms-show-improving-price-trends-strong-momentum-signals">3 Bitcoin Treasury Firms Show Improving Price Trends, Strong Momentum Signals</a></li>



<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/09/47445311/bitget-transfers-440-million-bgb-to-morph-foundation-establishing-bgb-as-gas-and-governance-token-of-morph-chain">Bitget Transfers 440 Million BGB To Morph Foundation, Establishing BGB As Gas And Governance Token Of Morph Chain</a></li>



<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/09/47449603/strategy-just-bought-another-4048-btc-how-far-can-corporate-bitcoin-holdings-go">Strategy Just Bought Another 4,048 BTC—How Far Can Corporate Bitcoin Holdings Go?</a></li>



<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/09/47443137/eric-trump-backed-metaplanet-becomes-worlds-6th-largest-bitcoin-treasury-holding-with-20000-btc">Eric Trump-Backed Metaplanet Becomes World&#8217;s 6th Largest Bitcoin Treasury Holding With 20,000 BTC</a></li>
</ul>



Trader Notes: Glassnode data <a href="https://x.com/glassnode/status/1962927978146660486">shows</a> Bitcoin's pullback to $110,000 remains relatively mild compared to past cycles. Only about 9% of supply is in loss, with unrealized losses capped near 10%. 



By contrast, the last cycle bottom saw more than 25% of supply in loss with drawdowns of 23%, while full bear markets historically dragged 50%+ of supply into loss with as much as 78% drawdowns.



More Crypto Online noted that a dip below $109,210 would be the first technical signal of a potential local top. 



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a>: A break below $109,210 would be the first indication that a local price top has formed. <a href="https://t.co/x66AIKPau2">pic.twitter.com/x66AIKPau2</a>&mdash; More Crypto Online (@Morecryptoonl) <a href="https://twitter.com/Morecryptoonl/status/1962933396134330445?ref_src=twsrc%5Etfw">September 2, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



Coin Bureau's Nic Puckrin <a href="https://x.com/nicrypto/status/1962937411593236905">added</a> that Bitcoin is showing resilience, reclaiming December's highs and now retesting both May's peak and the 100-day MA, with $112,000 as the key resistance.



Michael van de Poppe described $112,000 as Bitcoin's "ultimate test," suggesting a clean breakout would confirm the bull market's full return, adding: "Good bounce back upwards!"



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Ultimate test coming up for <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a>. Breaking through this resistance at $112K and the bull is back in full swing. Good bounce back upwards! <a href="https://t.co/cfywajnTi5">pic.twitter.com/cfywajnTi5</a>&mdash; Michaël van de Poppe (@CryptoMichNL) <a href="https://twitter.com/CryptoMichNL/status/1962913660378169802?ref_src=twsrc%5Etfw">September 2, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



Read Next:&nbsp;



<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/09/47446537/bitcoin-stuck-around-110000-is-105000-or-115000-next">Bitcoin Stuck Around $110,000: Is $105,000 Or $115,000 Next?</a></li>
</ul>



Image: Shutterstock

Bitcoin, XRP Steady While Ethereum, Dogecoin Slip

Somnia, a Layer 1 blockchain developed by Improbable and the Somnia Foundation, has launched its mainnet and introduced a native token (CRYPTO: SOMI).



The launch follows a six-month testnet phase that processed more than 10 billion transactions and onboarded over 118 million wallet addresses.



The blockchain is designed to support commercial-scale applications in sectors such as finance, gaming and social platforms.



During testing, Somnia set multiple industry records, including processing 1.9 billion transactions in a single day, the highest reported by an EVM-compatible blockchain.



At launch, the network will support over 70 active projects, including Variance, Maelstrom, ForU AI, Quills and Sparkball.



Infrastructure partners include Google Cloud, LayerZero, Sequence and Ankr.



Also Read: <a href="https://www.benzinga.com/crypto/cryptocurrency/25/09/47451889/how-one-trader-scored-250-million-from-the-trump-linked-world-liberty-financial-token">How One Trader Scored $250 Million From The Trump-Linked World Liberty Financial Token</a>



Somnia has also onboarded 60 validators to its ecosystem.



The $SOMI token will facilitate transaction fees, validator rewards and ecosystem incentives, with governance functions planned for the future.



A $10 million grant program and the Dream Catalyst accelerator have been announced to encourage development across gaming, DeFi, AI and SocialFi applications.



Somnia's team said the blockchain can achieve over one million transactions per second with sub-second finality and low transaction fees. 



The foundation will also support adoption through hackathons and pilot programs to showcase real-world use cases.



Backed by $270 million in committed investment from Improbable, MSquared and the Somnia Foundation, the network positions itself as infrastructure for digital economies.



The mainnet and token went live on Sept. 2, 2025.



Read Next: • <a href="https://www.benzinga.com/crypto/cryptocurrency/25/09/47449603/strategy-just-bought-another-4048-btc-how-far-can-corporate-bitcoin-holdings-go">Strategy Just Bought Another 4,048 BTC—How Far Can Corporate Bitcoin Holdings Go?</a>



Photo: Shutterstock

Somnia Launches Mainnet, $SOMI Token After Processing 10 Billion Testnet Transactions

Wall Street stumbled on Tuesday, with broad losses by midday in New York as investors turned risk-off amid mounting concerns over lofty valuations, <a href="https://www.benzinga.com/markets/economic-data/25/08/47397599/copper-gold-ratio-plunges-to-2020-lows-crisis-looms">seasonal headwinds and fiscal strains.</a>



<ul class="wp-block-list">
<li>VIXY ETF is spiking. <a href="https://www.benzinga.com/quote/VIXY">Check live prices here. </a></li>
</ul>



The CBOE Volatility Index (VIX) — Wall Street's "fear gauge" — surged nearly 20% to 19.2, marking its third consecutive advance.



Major equity benchmarks retreated, led by the Nasdaq 100, which slid 1.7%. The S&amp;P 500 fell 1.4% in its first session of September — historically its weakest month of the year. The Dow lost more than 500 points or 1.1%.



Chipmakers bore the brunt of the sell-off. NVIDIA Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) dropped 3.6%, heading for a fourth straight day of losses, the longest skid since March. Arm Holdings plc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARM#NASDAQ">ARM</a>) sank 5%, while ASML Holding NV (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASML#NASDAQ">ASML</a>) and Qualcomm Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCOM#NASDAQ">QCOM</a>) each lost about 3%.



Fresh economic data added to the gloom. The ISM Manufacturing PMI showed a sixth consecutive month of contraction, highlighting how tariffs, intended to shield the domestic industry, are instead driving up costs and delaying investment.



Safe-haven demand remained strong. Gold hit fresh record highs above $3,500 an ounce, while silver extended its surge past $40. In energy markets, crude oil jumped 2.6% to $65.65 after reports of renewed Ukrainian strikes on Russian oil facilities.



Bond markets also came under pressure. Long-dated yields climbed across advanced economies, with 30-year U.S. Treasuries up five basis points to 4.97% — hovering just below the closely watched 5% mark.



Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) managed to escape the broader sell-off and rose 1.6% to above $110,000.



<h2 class="wp-block-heading">Tuesday&#8217;s Performance In Major U.S. Indices ETFs</h2>



<figure class="wp-block-table is-style-stripes"><table class="has-fixed-layout"><tbody><tr><td>Major Indices</td><td>Price</td><td>Chg %</td></tr><tr><td>Dow Jones</td><td>45,038.89</td><td>-1.1%</td></tr><tr><td>Russell 2000</td><td>2,334.30</td><td>-1.3%</td></tr><tr><td>S&amp;P 500</td><td>6,370.68</td><td>-1.4%</td></tr><tr><td>Nasdaq 100</td><td>23,025.76</td><td>-1.7%</td></tr></tbody></table><figcaption class="wp-element-caption">Updated by 12:25 p.m. ET</figcaption></figure>



According to&nbsp;<a href="https://www.benzinga.com/pro/?utm_source=BZprocontent&amp;t=be2bearmibe3na1">Benzinga Pro</a>&nbsp;data:



<ul class="wp-block-list">
<li>The&nbsp;Vanguard S&amp;P 500 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VOO#NYSE">VOO</a>) slipped 1.5% to $584.49.</li>



<li>The&nbsp;SPDR Dow Jones Industrial Average&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>) fell 1.1% to $451.04.</li>



<li>The tech-heavy&nbsp;Invesco QQQ Trust Series&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>)&nbsp;sunk 1.7% to $560.</li>



<li>The&nbsp;iShares Russell 2000 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>) fell 1.3% to $232.05.</li>



<li>The&nbsp;Consumer Staples&nbsp;Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLP#NYSE">XLP</a>) outperformed, down 0.3%; the&nbsp;Technology&nbsp;Select Sector SPDR Fund&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLB#NYSE">XLB</a>) lagged, down 2%.</li>
</ul>



<h2 class="wp-block-heading">Stocks On The Move Tuesday</h2>



<h3 class="wp-block-heading">S&amp;P 500&#8217;s Top 5 Gainers</h3>



<figure class="wp-block-table is-style-stripes"><table class="has-fixed-layout"><thead><tr><th>Stock Name</th><th>% Chg</th></tr></thead><tbody><tr><td>Ulta Beauty Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ULTA#NASDAQ">ULTA</a>)</td><td>+6.45%</td></tr><tr><td>Biogen Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIIB#NASDAQ">BIIB</a>)</td><td>+3.84%</td></tr><tr><td>Ralph Lauren Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RL#NYSE">RL</a>)</td><td>+3.36%</td></tr><tr><td>Humana Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HUM#NYSE">HUM</a>)</td><td>+3.05%</td></tr><tr><td>Newmont Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NEM#NYSE">NEM</a>)</td><td>+2.59%</td></tr></tbody></table></figure>



<h3 class="wp-block-heading">S&amp;P 500&#8217;s Worst 5 Losers</h3>



<figure class="wp-block-table is-style-stripes"><table class="has-fixed-layout"><thead><tr><th>Stock Name</th><th>% Chg</th></tr></thead><tbody><tr><td>TransDigm Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TDG#NYSE">TDG</a>)</td><td>-7.50%</td></tr><tr><td>Constellation Brands Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STZ#NYSE">STZ</a>)</td><td>-6.97%</td></tr><tr><td>Kraft Heinz Co. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KHC#NASDAQ">KHC</a>)</td><td>-6.96%</td></tr><tr><td>Albemarle Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALB#NYSE">ALB</a>)</td><td>-6.45%</td></tr><tr><td>GE Vernova Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GEV#NYSE">GEV</a>)</td><td>-6.30%</td></tr></tbody></table></figure>



Read Now:



<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/market-summary/25/09/47438659/sp500-september-seasonality-worst-stocks">Why Traders Fear September: 10 S&amp;P 500 Stocks To Watch As Weak Seasonality Kicks In</a></li>
</ul>



Photo: Shutterstock

VIX Jumps 20% As Stocks Slump, Gold Tops Record Highs: What's Moving Markets Tuesday?

CleanCore Solutions (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ZONE#NYSE">ZONE</a>) on Tuesday announced a $175,000,420 private placement to build the first official Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>) Treasury, established in <a href="https://www.benzinga.com/markets/cryptocurrency/25/04/44708344/21shares-launches-dogecoin-fund-backed-by-dogecoin-foundation">partnership with the Dogecoin Foundation</a> and the House of Doge. 



The <a href="https://www.globenewswire.com/news-release/2025/09/02/3142693/0/en/CleanCore-Solutions-NYSE-ZONE-Announces-175-000-420-Private-Placement-to-Build-the-Official-Dogecoin-Treasury-Founded-by-the-Dogecoin-Foundation-and-the-House-of-Doge-Inc.html">deal</a>, consisting of 175,000,420 pre-funded warrants priced at $1.00 each, is expected to close on Sep. 4.



The transaction, supported by over 80 institutional and crypto-native investors including Pantera, GSR, FalconX, and Borderless, will make Dogecoin the company's primary treasury reserve asset. 



Proceeds will be used to acquire DOGE, advancing a strategy to institutionalize the cryptocurrency and accelerate adoption.



Alex Spiro was named Chairman of the Board of Directors of CleanCore as part of the agreement. 



Timothy Stebbing, Director at the Dogecoin Foundation and CTO of the House of Doge, will join the board, alongside Marco Margiotta, CEO of the House of Doge, who will serve as CleanCore's Chief Investment Officer.



Also Read: <a href="https://www.benzinga.com/crypto/cryptocurrency/25/09/47451889/how-one-trader-scored-250-million-from-the-trump-linked-world-liberty-financial-token">How One Trader Scored $250 Million From The Trump-Linked World Liberty Financial Token</a>



"This new treasury vehicle is a fundamental step toward bringing institutional adoption to Dogecoin," said Stebbing. 



He added that Dogecoin's foundation-backed strategy, combined with future ETF products supported by 21Shares, could position the asset as a serious contender for payments and tokenization.



CleanCore said the treasury strategy will explore staking-like rewards, yield opportunities, and integration with payment providers. 



The company emphasized that Dogecoin will anchor its balance sheet, while also serving as the foundation for new commercialization and institutional finance products.



"This is a watershed moment for both CleanCore and the broader Dogecoin community," said Clayton Adams, CEO of CleanCore. "By anchoring our treasury with Dogecoin, we're proving how public companies can adopt bold change."



The Dogecoin Treasury aims to transform DOGE from a meme-origin cryptocurrency into an institutional-grade asset positioned for payments, retail use, and broader financial adoption.



Read Next: 



<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/09/47449603/strategy-just-bought-another-4048-btc-how-far-can-corporate-bitcoin-holdings-go">Strategy Just Bought Another 4,048 BTC—How Far Can Corporate Bitcoin Holdings Go?</a></li>
</ul>



Image: Shutterstock

CleanCore Raises $175,000,420 To Establish Official Dogecoin Treasury

XRP (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/xrp/usd">XRP</a>) is holding key support levels amid fresh ETF filings, heavy whale activity and growing optimism <a href="https://www.benzinga.com/money/ripple-xrp-price-prediction">over regulatory approval.</a>



<figure class="wp-block-table"><table class="has-fixed-layout"><tbody><tr><td>Cryptocurrency</td><td>Ticker</td><td>Price</td><td>Market Cap</td><td>7-Day Trend</td></tr><tr><td>XRP</td><td>(CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/xrp/usd">XRP</a>)</td><td>$2.77</td><td>$165 billion</td><td>-4.7%</td></tr><tr><td>Bitcoin</td><td>(CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>)</td><td>$109,006.91</td><td>$2.17 trillion</td><td>-1%</td></tr><tr><td>Ethereum</td><td>(CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>)</td><td>$4,293.12</td><td>$518.09 billion</td><td>-4.2%</td></tr></tbody></table></figure>



Trader Notes: Crypto chart analyst Ali Martinez highlighted that XRP has triggered back-to-back TD Sequential buy signals, pointing to a potential rebound. 



He <a href="https://x.com/ali_charts/status/1962425946603970711">mapped</a> out a bullish roadmap: hold $2.70, reclaim $2.90, and open the path toward $3.70.



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">TD Sequential flashes back-to-back buy signals on <a href="https://twitter.com/search?q=%24XRP&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$XRP</a>. Rebound setup in play! <a href="https://t.co/nN8q4TD27c">pic.twitter.com/nN8q4TD27c</a>&mdash; Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1962570398111015033?ref_src=twsrc%5Etfw">September 1, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



CrediBULL Crypto <a href="https://x.com/CredibleCrypto/status/1962676008701612473">noted</a> that while XRP needs community momentum, the bigger catalyst could come from a Bitcoin reversal. 



Analyst Cryptoinsightuk <a href="https://x.com/Cryptoinsightuk/status/1962415603832017094">added</a> that XRP has already flushed liquidity below support, putting it structurally ahead of peers like Bitcoin, Ethereum, and Dogecoin.



Statistics: Ripple unlocked 1 billion XRP from escrow across three transactions: 500M XRP ($1.4 billion), 300 million XRP ($830.2 million), and 200 million XRP ($553 million). 



Additionally, Whale Alert <a href="https://x.com/whale_alert">tracked</a> massive transfers between wallets, including 236.98 million, 230.8 million, and 257.1 million XRP in separate moves.



Community News: Amplify Investments has <a href="https://www.sec.gov/Archives/edgar/data/1633061/000121390025082397/ea0255127-01_485apos.htm?utm_">filed</a> with the SEC for the first XRP-based "option income" ETF, designed to generate returns via a covered call strategy while holding at least 80% XRP-linked instruments. 



The other 20% would be invested in U.S. liquidity and risk management treasuries, cash, or equivalents. 



Amplify intends to list it on the Cboe BZX Exchange.



ETF specialist Nate Geraci <a href="https://x.com/NateGeraci/status/1962681694181290304">emphasized</a> that while Polymarket odds stand at 87% for XRP ETF approval in 2025, he personally believes it's closer to 100%.



Read Next:



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<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/09/47445282/bitcoin-steadies-at-110000-as-xrp-stalls-and-ethereum-dogecoin-slip">Bitcoin Steadies At $110,000 As XRP Stalls And Ethereum, Dogecoin Slip</a></li>
</ul>



Image: Shutterstock

XRP Hovers Below $3: When Is The Big Breakout Coming?

A pseudonymous crypto trader known as Techno Revenant has secured another outsized payday, realizing about $250 million from the launch of World Liberty Financial (CRYPTO: WLFI), a DeFi token linked to <a href="https://www.benzinga.com/news/25/08/47335391/trump-media-and-crypto-com-form-cro-treasury-company-in-105-million-token-deal">U.S. President Donald Trump's family.</a>



What Happened: Blockchain <a href="https://x.com/mlmabc/status/1962562091744915610?s=46">data </a>shows the trader invested $15 million in WLFI during its token sale last year, securing 1% of the total supply, <a href="https://www.coindesk.com/business/2025/09/02/crypto-trader-scores-usd250m-payday-as-trump-linked-wlfi-hits-open-market">according</a> to Coindesk.



That allocation was distributed on Monday and valued at roughly $250 million as the token began trading.



The nine-digit haul follows a $38 million gain the same trader made last week on derivatives platform HyperLiquid (CRYPTO: HYPE), capitalizing on volatility in Plasma (CRYPTO: XPL) as futures open interest fell by $130 million.



Speaking with Benzinga, Techno Revenant dismissed speculation about their identity after chain analysis attempts linked their wallet activity to another online persona. 



"Some people think I&#8217;m <a href="https://x.com/moonmanifest47?utm_source=chatgpt.com">MoonManifest47</a> because of chainalysis that is highly speculative. However, it&#8217;s entirely possible there are multiple people controlling various wallets. The beauty of crypto," they said.



When asked how they identify opportunities in unpredictable markets like WLFI and XPL, the trader emphasized patience and liquidity. 



"Patiently wait for the big obvious trades that have sufficient liquidity to size in with 8 figs. XPL seemed obvious because it attracted a lot of liquidity — and don't fight The Paolo," Techno Revenant explained.



Also Read: <a href="https://www.benzinga.com/crypto/cryptocurrency/25/09/47445311/bitget-transfers-440-million-bgb-to-morph-foundation-establishing-bgb-as-gas-and-governance-token-of-morph-chain">Bitget Transfers 440 Million BGB To Morph Foundation, Establishing BGB As Gas And Governance Token Of Morph Chain</a>



Why It Matters: WLFI's debut was marked by sharp volatility, spiking to $0.40 before retreating to $0.25, with more than $5 billion in trading volume on launch day.



While Techno Revenant profited, others faced setbacks as hackers exploited Ethereum's (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) recent Pectra upgrade through a phishing scheme described as a "classic EIP-7702 exploit."



On managing security in such high-stakes environments, the trader pointed to established best practices. 



"Study Jameson Lopp's Bitcoin security page," they advised, linking to <a href="https://lopp.net/bitcoin-information/security.html?utm_source=chatgpt.com">lopp.net</a>, a widely cited resource on wallet safety and threat mitigation.



Read Next: 



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<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/08/47419382/everything-blockchain-inc-joins-flares-xrpfi-standard-for-treasury-yield">Everything Blockchain Inc. Joins Flare&#8217;s XRPFi Standard For Treasury Yield</a></li>
</ul>



Image: Shutterstock

How One Trader Scored $250 Million From The Trump-Linked World Liberty Financial Token

Strategy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>) disclosed it has acquired 4,048 Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) for approximately $449.3 million, paying an <a href="https://www.benzinga.com/crypto/cryptocurrency/25/08/47217901/is-strategy-becoming-a-risk-to-the-bitcoin-bull-market">average of $110,981 per coin</a>.



What Happened: The <a href="https://x.com/Strategy/status/1962849198144893425">purchases</a>, made between Aug. 26 and Sep. 1, raise the company's total Bitcoin holdings to 636,505 BTC, acquired at an aggregate cost of $46.95 billion, or $73,765 per Bitcoin.



The company also reported that it has achieved a Bitcoin yield of 25.7% year-to-date, underlining the scale of its treasury strategy. 



Strategy's latest purchase further cements its position as the largest corporate holder of Bitcoin globally.



The acquisition was funded through proceeds from at-the-market offerings of preferred stock and common stock. 



According to the filing, 220,000 shares of preferred and over 1.2 million shares of common stock were sold during the reporting period, raising $471.8 million in net proceeds.



Strategy's Bitcoin dashboard shows its consistent accumulation strategy remains intact despite market volatility. 



Also Read: <a href="https://www.benzinga.com/crypto/cryptocurrency/25/09/47446537/bitcoin-stuck-around-110000-is-105000-or-115000-next">Bitcoin Stuck Around $110,000: Is $105,000 Or $115,000 Next?</a>



Why It Matters: The accumulation comes as other corporate and institutional holders also expand their reserves.



Metaplanet Inc. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/MTPLF#OTC">MTPLF</a>), often called "Japan's MicroStrategy," approved an $884 million capital raise on Monday and disclosed the purchase of 1,009 BTC for $112.2 million, bringing its holdings to 20,000 BTC.



Tesla holds 11,509 BTC, while Coinbase (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>) controls 11,776 BTC, worth around $1.35 billion.



Bitcoin miner CleanSpark (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CLSK#NASDAQ">CLSK</a>) owns 12,608 BTC, valued at $1.45 billion at current prices. 



These figures underscore how treasury strategies for corporations in diverse sectors now include significant Bitcoin allocations.



By contrast, Strategy's total 636,505 BTC represents approximately 3% of the Bitcoin supply, underscoring its dominance in corporate holdings.



Read Next: 



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<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/09/47445311/bitget-transfers-440-million-bgb-to-morph-foundation-establishing-bgb-as-gas-and-governance-token-of-morph-chain">Bitget Transfers 440 Million BGB To Morph Foundation, Establishing BGB As Gas And Governance Token Of Morph Chain</a></li>
</ul>



Image: Shutterstock

Strategy Just Bought Another 4,048 BTC—How Far Can Corporate Bitcoin Holdings Go?

Genius Group Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GNS#NYSE">GNS</a>), an AI- and Bitcoin-focused education company, signed a $14 million <a target="_blank" href="https://www.benzinga.com/pressreleases/25/09/g47445983/genius-group-and-nuanu-sign-14-million-share-purchase-joint-venture-agreement-launching-genius-cit" rel="noreferrer noopener">share purchase and joint venture agreement</a> with Nuanu Creative City to create Genius City in Bali.



The initiative, cleared by both boards and pending final closing, is positioned as a global prototype for a post-Singularity learning community that blends artificial intelligence, tokenized assets, and human connection.



The Genius City model integrates schools, camps, and accelerators for all ages, alongside cultural festivals, retreats, and workshops. It is built around the &#8220;ABCs of the future&#8221;: AI, Bitcoin (CRYPTO: BTC/USD), and community.



Also Read: <a target="_blank" href="https://www.benzinga.com/crypto/cryptocurrency/25/08/47278995/nayib-bukele-led-el-salvador-is-now-seeing-hundreds-of-students-graduate-with-bitcoin-diplomas" rel="noreferrer noopener">Nayib Bukele-Led El Salvador Is Now Seeing Hundreds Of Students Graduate With Bitcoin Diplomas</a>



Genius Group will hold a 51% stake in Nuanu&#8217;s ProEd Education system and majority ownership in its co-working, retreat, and entrepreneurship facilities. The company is investing $7.1 million and projects $20 million in annual revenue and $6 million in profits within four years.



Nuanu Creative City spans 44 hectares in Bali and features more than 30 projects related to education, culture, wellness, and sustainability. Its attractions include Aurora Park, Luna Beach Club, and landmark art installations, which draw over 4,000 visitors daily.



&#8220;We are excited to take the next step in launching our Genius City model in partnership with Nuanu,&#8221; said Roger James Hamilton, CEO of Genius Group. Lev Kroll, CEO of Nuanu, said the partnership reflects a shared goal of using technology to enhance, not replace, human connections.



The launch supports Genius Group&#8217;s broader digital asset strategy. Earlier this year, the company explained <a target="_blank" href="https://www.benzinga.com/crypto/25/07/46221685/why-genius-group-is-aggressively-stockpiling-bitcoin" rel="noreferrer noopener">why Genius Group</a> is aggressively stockpiling Bitcoin, calling it central to its education and community model.



The company will present its Genius City and Genius School plans at the Genius Future Summit, scheduled for Oct. 2-3, 2025, in Bali.



Investors can also look to the ProShares Bitcoin Strategy ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BITO#NYSE">BITO</a>) and the Global X Artificial Intelligence &amp; Technology ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AIQ#NASDAQ">AIQ</a>).



Price Action: At last check Tuesday, GNS shares were trading lower by 1.69% to $0.8700.



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Photo by PeopleImages.com &#8211; Yuri A via Shutterstock

Genius Group Strikes $14 Million Deal To Build Bitcoin-Powered Education City In Bali

Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>) and Shiba Inu (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/shib/usd">SHIB</a>) are holding ground despite broader market volatility, trading in tight ranges over the past week.



<figure class="wp-block-table"><table class="has-fixed-layout"><tbody><tr><td>Cryptocurrency</td><td>Ticker</td><td>Price</td><td>Market Cap</td><td>7-Day Trend</td></tr><tr><td>Dogecoin</td><td>(CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>)</td><td>$0.2115</td><td>&nbsp;$31.9 billion</td><td>+0.5%&nbsp;</td></tr><tr><td>Shiba Inu</td><td>(CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/shib/usd">SHIB</a>)</td><td>$0.00001226</td><td>&nbsp;$7.2 billion</td><td>+0.7%&nbsp;</td></tr><tr><td>Pepe</td><td>(CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">PEPE</a>)</td><td>$0.059607</td><td>&nbsp;$4.03 billion</td><td>-3.6%&nbsp;</td></tr></tbody></table></figure>



Trader Notes: Crypto trader Javon Marks <a href="https://x.com/JavonTM1/status/1962618341111042393">highlighted</a> that Shiba Inu has confirmed a bullish MACD divergence, signaling the potential for a major upside reversal. 



He projects a move of up to 163% toward $0.00003 in the short term, with the broader breakout structure pointing to gains as high as 570% near $0.000081.



On Dogecoin, chart analyst Ali Martinez noted that DOGE has successfully defended its $0.208 support level five times, calling it a crucial pivot for the meme coin's next move.



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Dogecoin <a href="https://twitter.com/search?q=%24DOGE&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$DOGE</a> defended $0.208 support five times now. This level is proving crucial for the next move! <a href="https://t.co/sorlKm1ZjJ">pic.twitter.com/sorlKm1ZjJ</a>&mdash; Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1962606637400654327?ref_src=twsrc%5Etfw">September 1, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



Statistics: Shibarium activity has dropped sharply, with daily transactions breaking below 1 million since Aug. 26. Current volume sits at just 16.67K, according to Shibariumscan.



Dogecoin trading volume rose about 6% in a day, while open interest has consistently held the $3 billion level since early August, Coinglass data shows.



Community News: In a major development, Alex Spiro, Elon Musk's longtime lawyer, is set to <a href="https://www.benzinga.com/crypto/cryptocurrency/25/08/47430015/doge-jumps-as-elon-musks-star-lawyer-alex-spiro-set-to-chair-200-million-dogecoin-treasury-firm-report">chair a new Dogecoin Treasury company</a> backed by the House of Doge. 



The firm is reportedly seeking to raise at least $200 million through a public offering. While launch details remain unclear, sources suggest the initiative could mark Dogecoin's entry into mainstream finance.



Read Next:&nbsp;



<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/09/47445282/bitcoin-steadies-at-110000-as-xrp-stalls-and-ethereum-dogecoin-slip">Bitcoin Steadies At $110,000 As XRP Stalls And Ethereum, Dogecoin Slip</a></li>
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Dogecoin, Shiba Inu Go Sideways (Again): Will They Ever See Another Bull Run?

Bitcoin's (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) market structure remains fragile, with bearish pressures dominating across spot, futures, and on-chain metrics, <a href="https://www.benzinga.com/crypto/cryptocurrency/25/08/47415747/bitcoin-drops-below-109000-hold-here-or-face-95000-glassnode-warns">according to a Glassnode report</a>. 



What Happened: Despite brief relief from renewed ETF inflows, weakening demand, reduced profitability, and fading conviction across trading venues point to a defensive market stance.



The report <a href="https://insights.glassnode.com/btc-market-pulse-week-36/?utm_source=X&amp;utm_medium=social&amp;utm_campaign=market_pulse">noted</a> Bitcoin's pullback to $107,000, testing the short-term holder cost basis, a key battleground for sentiment.



Historically, this level has marked inflection points between bullish recoveries and further downside.



Spot market activity showed weakening conviction as relative strength index levels slipped into oversold territory and volumes contracted. 



While cumulative volume delta hinted at easing sell pressure, overall demand remains fragile.



Futures positioning reinforced the defensive tone. 



Open interest declined, funding rates eased, and perpetual CVD showed modest improvement. 



Also Read: <a href="https://www.benzinga.com/crypto/cryptocurrency/25/08/47413365/bitcoin-is-the-best-way-to-store-wealth-for-the-future-jack-mallers-says">Bitcoin Is The Best Way To Store Wealth For The Future, Jack Mallers Says</a>



Traders were less willing to extend leverage, reflecting fading risk appetite after recent volatility.



Options markets highlighted caution, with falling open interest and narrower volatility spreads suggesting waning participation. 



However, downside hedging demand surged, with 25-delta skew reaching historical extremes, signaling strong protection-seeking behavior.



ETF flows turned modestly positive, offering temporary support. 



Still, trade volumes shrank and market value-to-realized value (MVRV) ratios declined, pointing to profit-taking and selective institutional engagement rather than broad confidence.



On-chain demand signals remained subdued, with low activity among retail wallets and fees staying depressed. 



Large entities increased transfer volumes, but grassroots participation showed little sign of strengthening.



Capital flow metrics underlined waning conviction, as realized cap inflows slowed and speculative short-term holder supply rose relative to long-term holder supply. 



Profitability also weakened, with declining percent supply in profit and net unrealized profit/loss trending closer to loss territory.



What&#8217;s Next: Glassnode concluded that while temporary rebounds remain possible, market sentiment overall is defensive.



Without stronger demand, risks remain skewed toward further consolidation.



Read Next: 



<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/08/47409495/eric-trump-says-there-is-no-question-bitcoin-will-hit-1-million">Eric Trump Says &#8216;There Is No Question&#8217; Bitcoin Will Hit $1 Million</a></li>
</ul>



Image: Shutterstock

Bitcoin Stuck Around $110,000: Is $105,000 Or $115,000 Next?

Hyperscale Data, Inc. (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/GPUS#AMEX">GPUS</a>) saw its shares slip in Tuesday's premarket trading after <a href="https://www.benzinga.com/pressreleases/25/09/n47444313/hyperscale-data-announces-plan-to-add-20-million-in-bitcoin-to-its-balance-sheet">unveiling plans</a> to purchase roughly $20 million worth of Bitcoin (CRYPTO: BTC/USD) for its treasury.



The move will be financed in part through proceeds from its recently announced at-the-market equity offering.



The company, currently valued at around $15 million, said it views its true asset value as significantly higher and believes this investment in digital assets will highlight that disconnect.



Also Read: <a target="_blank" href="https://www.benzinga.com/markets/tech/25/09/47444392/snowflake-joins-siemens-to-break-industry-data-barriers-and-boost-ai-adoption" rel="noreferrer noopener">Snowflake Joins Siemens To Break Industry Data Barriers And Boost AI Adoption</a>



Executives said Bitcoin will act as a long-term anchor for the balance sheet while increasing investor transparency.



Hyperscale plans to keep adding to its Bitcoin position beyond the initial $20 million, depending on financing, as part of its broader capital plan.



Management highlighted two potential value levers: long-term appreciation of Bitcoin as a reserve asset and monetization tactics such as collateralization and yield strategies to generate ongoing income.



"Bitcoin offers us a unique opportunity to create a reserve asset that both stabilizes our balance sheet and positions Hyperscale Data to benefit from long-term appreciation in digital assets," said CEO William B. Horne.



Alongside the crypto plan, Hyperscale is building an AI-ready data center campus in Michigan, which leaders describe as the company's main growth engine.



Proceeds from the stock offering are expected to support both the data center buildout and the Bitcoin purchases.



Hyperscale aims to move quickly, saying transparency and consistent execution will differentiate its approach from other corporate digital-asset strategies.



The company believes combining AI infrastructure growth with a Bitcoin-backed balance sheet can narrow the gap between its share price and asset base.



Price Action: GPUS shares are trading lower by 1.31% to $0.5259 premarket at last check Tuesday.



Read Next:



<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/analyst-stock-ratings/reiteration/25/08/47422320/dell-struggles-to-protect-margins-as-supply-chain-costs-mount" target="_blank" rel="noreferrer noopener">Dell Struggles To Protect Margins As Supply Chain Costs Mount</a></li>
</ul>



Image via Shutterstock

Hyperscale Data Unveils Bold Bitcoin Treasury Plan

Crypto exchange Bitget on Tuesday announced it will transfer all 440 million BGB (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">BGB</a>) tokens it controls to the Morph Foundation, marking a decisive shift in the token's <a href="https://www.benzinga.com/crypto/25/08/47402563/bitget-posts-750b-monthly-volume-in-first-half-2025-as-institutional-trading-surges">future utility and governance</a>.



The move establishes BGB as the official gas and governance token of Morph Chain, a Layer 2 network focused on payments and onchain consumer finance.



According to the announcement, half of the transferred tokens, 220 million BGB, will be permanently burned, while the remaining 220 million will be locked, with a gradual 2% monthly release to fund liquidity incentives, ecosystem development, and education. 



The transfer means Bitget will no longer control BGB's token supply, with the Morph Foundation assuming responsibility for its roadmap, burn mechanisms, and ecosystem integration.



Also Read: <a href="https://www.benzinga.com/crypto/cryptocurrency/25/08/47394536/bitcoin-undervalued-compared-to-gold-fair-value-at-126000-jpmorgan">Bitcoin Undervalued Compared To Gold, Fair Value At $126,000: JPMorgan</a>



Bitget CEO Gracy Chen said the transfer marks "a new chapter" for BGB, which will expand beyond exchange-based use cases to power real-world settlement and payments on Morph. 



Morph CEO Colin Goltra added that the foundation aims to position Morph as the "home of Bitget's onchain initiatives" while keeping its focus on building next-generation payment infrastructure.



The Morph Foundation confirmed that BGB will replace the need for a separate Morph-native token, with governance and utility unified under one asset. 



By choosing BGB over issuing a new token, Morph avoids unnecessary fundraising while onboarding Bitget's base of more than 120 million exchange and wallet users directly into the network.



FAQs published alongside the announcement addressed how the integration will work in practice. 



The existing quarterly BGB burns will be paused in favor of the 220 million upfront burn, with a new mechanism tied to Morph network activity until total supply falls to 100 million. 



Morph Points earned by community participants will remain valid, with a detailed redemption plan to follow.



Bitget's partnership also brings significant infrastructure to Morph, including wallet integration, liquidity support, and direct collaboration with stablecoin issuers and global payment providers. 



Developers building on Morph will gain access to Bitget's user base and support programs such as hackathons and builder initiatives.



By aligning token utility with an active Layer 2 chain, the transfer repositions BGB as more than an exchange-affiliated asset. 



It now plays a central role in powering transactions, payments, and governance across Morph's consumer finance ecosystem, signaling a broader trend toward exchange tokens evolving into full-scale settlement assets.



Read Next: 



<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/08/47388921/bitcoin-and-ethereums-liquidity-driven-highs-expose-fragility-at-all-time-peaks-report">Bitcoin And Ethereum&#8217;s Liquidity-Driven Highs Expose Fragility At All-Time Peaks: Report</a></li>
</ul>



Image: Shutterstock

Bitget Transfers 440 Million BGB To Morph Foundation, Establishing BGB As Gas And Governance Token Of Morph Chain

Cryptocurrency markets are trading sideways on Tuesday morning, with Bitcoin consolidating around the $110,000 level.



<figure class="wp-block-table"><table class="has-fixed-layout"><tbody><tr><td>Cryptocurrency</td><td>Ticker</td><td>Price</td></tr><tr><td>Bitcoin</td><td>(CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>)</td><td>$110,145.73</td></tr><tr><td>Ethereum</td><td>(CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>)</td><td>$4,381.65</td></tr><tr><td>Solana</td><td>(CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/sol/usd">SOL</a>)</td><td>$203.13</td></tr><tr><td>XRP</td><td>(CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/xrp/usd">XRP</a>)</td><td>$2.80</td></tr><tr><td>Dogecoin</td><td>(CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>)</td><td>$0.2128</td></tr><tr><td>Shiba Inu</td><td>(CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/shib/usd">SHIB</a>)</td><td>$0.00001229</td></tr></tbody></table></figure>



Notable Statistics:



<ul class="wp-block-list">
<li>Coinglass data shows 129,994 traders were liquidated in the past 24 hours for 360.66 million.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;</li>



<li>SoSoValue data shows net outflows of $126.6 million from spot Bitcoin ETFs on Wednesday. Spot Ethereum ET'Fs saw net outflows of $164.6 million.&nbsp; </li>
</ul>



Trader Notes: More Crypto Online <a href="https://x.com/Morecryptoonl/status/1962807566431400376">noted</a> Bitcoin has remained capped through the holiday weekend, with a breakout opening room toward the $118,000 liquidity zone. Traders are closely watching the $112,000 resistance. 



Michael van de Poppe echoed this view, highlighting that a clean move above $112,000 could push Bitcoin to new all-time highs, while a rejection keeps $103,000 as a strong buy zone. 



He added that the cycle top timing remains uncertain, as gold has also yet to make fresh highs.



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">The area remains the same for <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a>. If we can clearly break $112K, we&#39;ll be onto a new ATH. Otherwise, I&#39;d be looking at $103Kish for a great opportunity. Interestingly enough, Gold is yet to make a new ATH. When Bitcoin? <a href="https://t.co/JDruy5ba8O">pic.twitter.com/JDruy5ba8O</a>&mdash; Michaël van de Poppe (@CryptoMichNL) <a href="https://twitter.com/CryptoMichNL/status/1962786967650808080?ref_src=twsrc%5Etfw">September 2, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



For Ethereum, van de Poppe explained that reclaiming the 20-week EMA signals the start of a new uptrend, resembling the early 2020 setup. 



He suggested this rally could extend well beyond just a few months.



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">We&#39;re in Q4 2019 or Q1 2020 of the previous cycle.<a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$ETH</a> has just broken the 20-Week EMA and has finally started an uptrend after the longest bear market in history. This isn&#39;t over in 3 months. <a href="https://t.co/NEnnM4YsOi">pic.twitter.com/NEnnM4YsOi</a>&mdash; Michaël van de Poppe (@CryptoMichNL) <a href="https://twitter.com/CryptoMichNL/status/1962812996763185211?ref_src=twsrc%5Etfw">September 2, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



JRCryptex <a href="https://x.com/jrcryptex/status/1962797940226875420">flagged</a> major whale accumulation of 340 million XRP ($962 million) in the past two weeks, with $268 million pulled from exchanges. 



Price sits at the $2.80 support within a symmetrical triangle. Holding could drive a breakout above $3.20 toward $4–$4.20, while losing $2.70 risks invalidating the structure.



Crypto Bully <a href="https://x.com/BullyDCrypto/status/1962644492739321922">continues</a> to test key levels after a profitable run from $187 to above $200. Crypto Bully said he is waiting for a clean breakout setup, with $210 acting as the decisive flip level.



Meanwhile, Dogecoin is nearing the final stage of a falling wedge on the daily chart, <a href="https://x.com/TATrader_Alan/status/1962803449122472061">according</a> to Trader Tardigrade. This classic setup often precedes a bullish reversal as selling momentum fades.



Read Next:



<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/08/47432405/bitcoin-could-plunge-40-before-hitting-500k-warns-anthony-scaramucci">Bitcoin Could Plunge 40% Before Hitting $500K, Warns Anthony Scaramucci</a></li>
</ul>



Image: Shutterstock

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