Market News page 12

South Korea's largest crypto exchange reports XRP leading turnover ahead of Bitcoin on its platform. Upbit has reported approximately $8 billion in trading volume over a recent weekly period. The exchange is the largest crypto trading venue in South Korea by most measures.

The exchange's insurance reserve grew alongside bitcoin's price gains, according to its latest monthly disclosure. Bitget disclosed that its Protection Fund carried an average valuation of $382 million throughout August. The exchange linked the growth directly to a broader rally in bitcoin's price during the month.

Spot Bitcoin funds shed capital while Ether ETFs attracted fresh inflows amid a looming Federal Reserve decision. U.S.-listed spot Bitcoin exchange-traded funds recorded net outflows of approximately $463 million last week, according to data cited by multiple crypto news outlets.

A pipeline shutdown tied to attacks on Saudi energy infrastructure has pushed global oil prices toward a multi-year high. Brent crude futures moved close to $108 a barrel after Saudi Arabia shut a key pipeline. The closure followed attacks on the kingdom's energy infrastructure, according to reports from CryptoBriefing and The National Business.

JUGGERNAUT jumped 500% and FRONG rose 140% following their appearance on Robinhood's asset listing pages. Two meme coins linked to Robinhood Chain saw dramatic price moves this week after appearing on Robinhood's asset listing pages.

SOL traders are watching whether a change in monthly momentum can carry the token past key resistance levels near $120 and $146. Solana is back in focus for traders watching whether a shift in monthly momentum can translate into sustained upside.

Traders priced in higher odds of a Federal Reserve rate hike as bitcoin extended losses over two trading sessions. Bitcoin moved lower over a two-day stretch in early September, first dropping below $80,000 and then slipping under $77,000.

A past Ripple technology chief argues XRP has a path to surpass Bitcoin's market value, though he stops short of predicting a timeline. A former Ripple chief technology officer has raised the possibility that XRP could one day surpass Bitcoin in total market value.

The fund gives investors exposure to TRON's native token plus onchain staking rewards through a regulated US exchange product. Canary Capital introduced the first US spot exchange-traded fund tied to staked TRX on Wednesday. The fund trades under the ticker TRXS and gives investors direct exposure to TRON's native token.

The token's fully diluted valuation briefly topped $200 billion before insider allocation concerns triggered a steep sell-off. A meme coin trading under the ticker LAPTOP, a reference to Hunter Biden, has lost over 90% of its value from its peak, according to CoinGape.

Reports on Circle's agreement to acquire Tazapay disagree on whether the deal carries a $400 million price tag, with some outlets citing that figure and others stating the financial terms were not disclosed.

Multiple analysts lifted their outlook on Robinhood Markets, sending the stock sharply higher in recent trading. Robinhood Markets shares climbed after Wall Street analysts raised their price target on the stock to $142. The move was reported as investors reacted to the updated outlook with a notable rally in HOOD's trading price.

The new token is said to include an airdrop for holders who lost money on the TRUMP memecoin. Hunter Biden is reportedly set to launch a cryptocurrency memecoin called LAPTOP, according to crypto news outlets. The name directly references the widely publicized laptop controversy that dominated headlines during the 2020 U.S. presidential election cycle.

Fuel costs climbed to their highest Labor Day level on record, according to two separate reports. Gasoline prices in the United States climbed to a record level over the Labor Day weekend. Two separate reports, from CryptoBriefing and Japan Today, confirmed the milestone this week.

No exchange-traded fund tracking SHIB exists yet, but a longtime community voice points to gradual progress alongside new access for the token in Japan. A longtime Shiba Inu community figure has addressed speculation around a potential exchange-traded fund for the token, stating that while no SHIB ETF currently exists, the project remains on a positive…

Traders betting against ZEC were forced to cover positions as a bullish chart pattern fueled fresh upside momentum. Zcash has become one of the more volatile names in crypto derivatives markets this week. Data cited by U.Today shows a 424% liquidation imbalance tilted against short sellers.

Independent technical readings converge on the idea that Bitcoin's recent decline may have run its course. Two analysts have independently argued that Bitcoin's latest price decline may have reached its floor. Each reached that conclusion using a different chart-based approach, according to reports from BeInCrypto and Yahoo Finance.

Despite the large token unlock, XRP's price shows little movement as trading activity stays subdued. Ripple released one billion XRP from its escrow wallets, continuing a supply mechanism the company has used for years. The unlock is part of a scheduled process designed to control how new tokens enter circulation over time.