Tim Draper said Bitcoin could reach $250,000 within two years in an interview with Coinage on Sept. 10. According to NS3.AI, Draper said wider retail acceptance could encourage consumers to move savings from dollars into BTC. He also said AI and blockchain-based smart contracts may make Bitcoin easier to use.

Bitcoin formed a golden cross earlier this week, the technical signal that occurs when the 50-day moving average rises above the 200-day and is conventionally treated as a precursor to a bullish rally. Historically, it has not worked that way. Bitcoin has tended to generate much of its return in the lead-up to the crossover, then pull back shortly after the signal appears. The latest occurrence fits the pattern. Bitcoin climbed from $62,000 to $82,000 ahead of the cross, which formed at the start of the week, and has since fallen from around $80,000 to $77,000. Four Prior Instances, Four Pullbacks The record across recent cycles is consistent. In 2021, Bitcoin climbed from $35,000 in July to around $52,000 in September — a gain of roughly 49%. The golden cross formed, and price subsequently dropped to around $40,000. At the start of 2023, Bitcoin rallied from $16,000 to $23,000, creating a golden cross in February. It then retreated to around $20,000 in March. October 2024 repeated it. Bitcoin advanced from $54,000 to $70,000 ahead of the crossover before slipping to around $67,000 heading into November. Most recently, Bitcoin bottomed near $76,000 in April 2025 and rallied to approximately $110,000 in May. After the golden cross formed, it pulled back to around $100,000 in June. In each case the pre-cross advance ran between roughly 30% and 49%. In each case the post-cross move was lower. The Lag Is Built Into the Arithmetic This is a mechanical property of the indicator rather than a coincidence. Moving averages are computed from past closing prices. A 50-day average only rises above a 200-day average after enough strong closes have accumulated to drag it there — which means the price move producing the signal has already happened by the time the signal appears. Treating a golden cross as an entry trigger therefore inverts the causation. What it confirms is that a trend has established itself, which has value for conviction and position sizing, but the confirmation arrives late by construction. The same logic applies in reverse to the pullbacks. A market that has run 30% to 49% into a crossover is extended, and extended markets consolidate. The indicator is not causing the pullback — it is arriving at the point where one becomes likely. Two Analyses of the Same Signal Reached Opposite Conclusions FxPro analysts took a different view of this week's crossover. They acknowledged that similar signals in October 2024 and May 2025 produced nothing, but argued the current instance differs in context — following a prolonged bull market rather than appearing inside a correction. "The current situation bears a closer resemblance to what we saw in 2019," they wrote, pointing to a 90% rally in under two months after that signal. That leaves the historical record at four documented pullbacks against one cited exception. The disagreement is not about what happened in 2021, 2023, 2024 or 2025 — both readings agree those signals failed. It is about whether 2026 resembles those years or 2019. Bitcoin falling from $80,000 to $77,000 since the cross confirmed is, so far, consistent with the four rather than the one. The Macro Backdrop Is Doing the Work The current pullback has causes unrelated to the indicator. WTI topped $100 and Brent cleared $105 after Saudi Arabia told OPEC its crude production fell to 6.238 million barrels per day, the lowest since 1990. The 10-year Treasury yield reached 4.92% and the two-year 4.50% — nearly 100 basis points above the fed funds target. September hike odds rose to 76%. Core PPI came in softer than expected at 0.2% against 0.3% forecast and did nothing to slow the bond selloff. Whether the cross resembles 2019 or the four failures depends on whether that backdrop turns, not on the moving averages themselves. The Levels That Matter Now Bitcoin trades at $77,003 after reaching $82,000 before the crossover. Glassnode data shows nearly 8% of Bitcoin's supply was acquired between $80,000 and $82,000 — the largest concentration at any comparable range — with the US spot ETF cohort's average cost basis in the same band and the 50-week moving average at $81,081. The Bitfinex analyst team had described the setup as a squeeze running into a defined population of sellers, with spot demand absorbing overhead supply between $77,100 and $80,000. Bitcoin now sits at the lower edge of that zone. CPI arrives Friday, the Clarity Act cloture vote September 15 and the Fed decision September 16.

According to the BBC, the Israeli military said it destroyed a large underground Hezbollah complex in southern Lebanon using more than 1,000 tonnes of explosives. It said two tunnels spanning more than 2km beneath the Ali Taher Ridge were blown up, triggering seismic activity equivalent to a magnitude 4.1 earthquake, according to the US Geological Survey. The Israel Defense Forces said the site included a command center used by Hezbollah's Badr unit and stored rockets, missiles, unmanned aerial vehicles, anti-tank weapons, mines and explosives. It said the destruction completed a mission to eliminate eight tunnels and establish a security zone in the area. Lebanese media reported fresh Israeli strikes elsewhere in the south on Thursday, while the Lebanese army increased deployments in areas outside Israeli control.

Apple unveiled its first foldable smartphone, the iPhone Duo, at its autumn product launch event, and demand for proxy purchases and preorders has already emerged more than a month before official sales begin, according to Jiemian News. On Dewu App, a preorder order for the iPhone Duo has already been completed at 39,999 yuan, up 24,000 yuan, or about 150%, from the official starting price of 15,999 yuan. Some sellers on the platform are quoting as much as 59,999 yuan, 44,000 yuan above the official starting price.

A researcher who had worked at two leading labs, OpenAI and Anthropic, announced his resignation. His farewell post contained no thanks, only a warning.

Russia's central bank and the Reserve Bank of India are working together to establish a mechanism for settling bilateral trade with digital currencies to improve cross-border payment efficiency. According to ChainCatcher, Russia has already launched the digital ruble, while India's digital currency is also being used in government projects. The two sides are expected to discuss digital currency trade settlement with BRICS countries at a summit in New Delhi.

Japanese payment service provider Netstars has signed an MOU with Kaia DLT Foundation, the operator of the Kaia L1 blockchain, to advance stablecoin payments at physical stores in Japan. According to Foresight News, the partnership will connect stablecoins on Kaia with Netstars' StarPay and Stablecoin Pay services. The companies aim to enable stablecoins pegged to the Korean won, Hong Kong dollar, New Taiwan dollar, and Southeast Asian currencies to be used at stores in Japan.

Japanese listed Bitcoin treasury company Metaplanet said it will establish a wholly owned subsidiary, Metaplanet Asset Management Asia Limited, as its trading execution and asset management base in Asia. The initial capital contribution will be $1 million, and the company expects the subsidiary to be established in September 2026. According to Foresight News, the new unit will work with Metaplanet Asset Management Inc. (MAM), which was previously set up in Miami, to handle asset trading execution during Asian hours and risk management tasks such as position monitoring and market trend tracking. Its main investment targets will include Bitcoin, Bitcoin-related stocks, and credit instruments such as preferred securities issued by Bitcoin treasury companies. Metaplanet said the move is part of its Project Nova Bitcoin financial platform strategy and expects only a minor impact on consolidated results for the December 2026 period.

According to Jin10, Jiuding New Material said in an abnormal trading announcement that its stock price deviated by more than 20% over two consecutive trading days, that the stock had risen sharply in the short term, and that there was a risk of a decline. The company said it is not currently involved in glass substrates or electronic fabric, and that its aerospace-related products account for a small share; in recent years, annual sales revenue from such products has each year accounted for no more than 1% of the company's operating revenue and will not have a material impact on operating performance.

The "stock tokenization race," spearheaded by traditional Wall Street giants and deeply involved in crypto exchanges, may have only just begun.

Even without the Clarity Act, the U.S. regulatory framework for stablecoins, token issuance, tokenized securities, and perpetual futures is becoming increasingly clear.

This article exposes a new type of scam disguised as "anti-money laundering (AML) review".

Wells Fargo pointed out a real risk, but offered an explanation that was most favorable to the bank.

Leading exchanges are starting to use real money to bind themselves and the users and channels they have accumulated with crypto exchanges.

DBS and Citi completed a weekend US dollar payment between Singapore and the US using tokenised deposits through Swift’s Digital Ledger, with the transaction taking minutes.

Sam Bankman-Fried is taking his fight over the collapse of FTX to the US Supreme Court, asking the justices to overturn his fraud conviction, order a new trial and throw out an $11 billion forfeiture that could help compensate victims of his crimes.

A difference of a decimal point could directly determine whether the Federal Reserve raises interest rates next week: a core CPI increase of 0.2% month-on-month means no change, while 0.3% would trigger a rate hike.

Coinbase has renamed the Base App back to Coinbase Wallet after its social-focused experiment fell short. The wallet is now focused on multichain trading, including perpetual futures, prediction markets and tokenised stocks, while remaining self-custodial.