Daily Crypto Roundup - 10 Sep

Today’s Market Update

Bitcoin was down 0.09% at $112,681, Ethereum was down 0.43%, Solana was up 0.96%, and XRP was down 1.61% over the past 24 hours.

Ted Pillows said BTC has slipped back into bearish consolidation, weighed down by weak spot demand and retraced pumps. He warned that hotter inflation data could push BTC to fresh monthly lows.

Michael van de Poppe added that a breakout hinges on flipping resistance into support with strong volume; otherwise, it's just pressure building for another rejection.

For Ethereum, Pillows noted ETH has been range-bound for nearly two weeks, oscillating sideways between $4,500 and lower support. He advises traders to stay patient until direction is clear.

Crypto chart analyst Ali Martinez highlighted a descending triangle breakout setup. If successful, XRP could rally toward $3.60.

Crypto Dynamics Roundup

Analysis: US Treasury Market Funds May Drive New Crypto Asset Rally

According to CoinDesk, the total size of US money market funds has risen to $7.26 trillion. Analysts suggest that if the Federal Reserve lowers interest rates, some funds may shift from money markets to stocks and cryptocurrencies.

Coinbase research head David Duong noted that retail capital could flow into risk assets like crypto post-rate cuts. Cresset chief strategist Jack Ablin added that if yields drop below 4%, investors might redirect cash into stocks and cryptocurrencies. Fund flows will depend on economic conditions and the extent of rate cuts.

CryptoQuant: Bitcoin Bull Market Enters Mature Phase, Peak May Occur in October-November

CryptoQuant analyst Axel Adler Jr. stated that 504 days have passed since the last Bitcoin halving, placing the current market in a mature bull phase. In this cycle, Bitcoin hit an extreme Value Days Destroyed (VDD) peak at $70,000 in March, followed by two moderate distribution waves near $98,000 and $117,000, neither reaching March’s extreme levels.

This segmented long-term holder (LTH) selling suggests a more sustainable market redistribution driven by institutional demand. The final peak judgment awaits the “peak flag” indicator, typically triggered when spot prices reach 11 times the LTH realized price, potentially as early as October-November 2025. Watch for significant spending waves by seasoned holders and short-term volatility spikes.

BNP Paribas and HSBC Join Privacy-Focused Blockchain Canton

According to CoinDesk, BNP Paribas and HSBC have joined the privacy-focused blockchain Canton. Earlier, Goldman Sachs, Hong Kong FMI Services, and Moody’s Ratings joined in March. BNP Paribas said joining reflects its digital transformation strategy and willingness to collaborate on blockchain applications for client services. HSBC views this as a way to enhance liquidity in the digital asset market and support trading across various assets.

Insiders: Nasdaq to Invest $50 Million in Crypto Exchange Gemini

Reuters reports that insiders reveal the crypto exchange Gemini, founded by Cameron and Tyler Winklevoss, is advancing its New York listing plan this week and has secured Nasdaq as a strategic investor. The IPO could raise up to $317 million, with Nasdaq arranging a private placement to buy $50 million in stock.

The investment is part of a collaboration enabling Nasdaq clients to use Gemini’s custody and staking services, while Gemini’s institutional clients can manage collateral via Nasdaq’s Calypso platform. Gemini is expected to list on Nasdaq this Friday under the ticker “GEMI,” though plans may shift depending on market conditions.

Blockchain Lender Figure Plans to Expand IPO to $693 Million

Bloomberg reports that blockchain lender Figure Technology Solutions Inc. has expanded its IPO potential to up to $693 million. A filing with the US SEC on Tuesday shows the company and some backers will issue 31.5 million shares, up from the prior 26.3 million, with the price range raised from $18-20 to $20-22 per share.

At the upper end of the revised range, based on issued shares, the IPO would value Figure at about $4.7 billion—up from a $3.2 billion valuation in a 2021 venture round.

The filing notes Duquesne Family Office LLC intends to buy up to $50 million in stock at the IPO price. Figure expects to set the IPO price on Wednesday, with trading starting Thursday on Nasdaq under the ticker “FIGR.”