KingAlpha

Bitcoin holds $78K as U.S.-Iran clash lifts oil
Bitcoin traded near $77,900 on Aug. 31
despite renewed fighting between the United States and Iran that pushed oil prices higher and pressured global equity markets
Bitcoin held near $77,900 after U.S. strikes on Iranian launchers lifted oil and pressured equities.
BTC gained roughly 23% during August, outperforming reported monthly gains for gold and Nasdaq equities.
Brent crude climbed above $90 as renewed
Strait of Hormuz fighting revived supply disruption concerns.
September rate-hike probabilities rose after Federal Reserve Chair Kevin Warsh

HYPE faces $36M team withdrawal on
September 6
A wallet attributed to HyperLabs, the development organization behind Hyperliquid, requested the unstaking of 433,000 HYPE tokens on Aug. 30, according to blockchain analyst Ember.
HyperLabs requested unstaking of 433,000
HYPE tokens, valued near $36.14 million when Ember reported it publicly.
Hyperliquid's protocol places staking withdrawals into a seven-day queue before tokens return to spot balances.
The pending withdrawal should complete
September 6, provided the protocol processes it according to schedule.
Previous HyperLabs withdrawals were

XRP ETF Flows Are Picking Up Serious
Momentum
XRP is designed for fast, low-cost cross-border value transfer, and ETF activity is adding another layer to its growing institutional story.
The latest Santiment data shows a clear acceleration in XRP ETF net flows. The earlier reading was around $45-50M, while the latest has moved to roughly $105M. That's more than a 2x expansion between the two observations.
What stands out here is not XRP's price - it's the pace at which capital exposure is increasing. Stronger net inflows can indicate that XRP is attracting greater attention through regulated i

Michael Saylor unfazed as Bitcoin's rally faces fresh trouble - 'We're back!'
Is Saylor planning to buy Bitcoin again, or is he setting a trap for investors?
Michael Saylor is back again on X with his usual "orange dot" tease. On the 30th of August, Saylor took to X, attached the Strategy tracker, and quoted,
We're Back.
For various times, such teasing by Syalor has accompanied Strategy, accumulating additional BTC. However, the past few teases have preceded the Bitcoin [BTC] sell-off
But, given the current tweet, it looks like Strategy is finally going to add new Bitcoins to its treasury afte

Will the recent Bitcoin rally sustain?
All of this happens as Bitcoin was trading at $78,128.46 at press time after a hike of over 23% in the past month. However, despite this price hike, the move is not being confirmed by strong buying in the actual Spot market, which makes the rally potentially fragile.
Spot CVD (Cumulative Volume Delta) remaining almost flat confirmed that sentiment, indicating that spot traders are not aggressively buying enough to explain the price increase. This can happen when leveraged traders in futures and perpetual markets are driving the move, with traders opening

Metaplanet's $62M Bitcoin transfer raises selling concerns - Why?
Could Metaplanet's latest Bitcoin transfer signal a shift in its long-term treasury strategy?
Japanese firm Metaplanet has made headlines, but not for a new round of Bitcoin [BTC] accumulation.
According to Onchain Lens data, the firm has moved 800 Bitcoin, worth roughly $62.19 million at the time of the transaction, from its own custody to Coinbase Prime, Coinbase's institutional trading and custody platform.
Such kinds of transfers usually create room for investors to think that the company is preparing to sell some or all of

Metaplanet's Bitcoin stash update
In this, Metaplanet Bitcoin stack has reached 43,000 BTC worth $3.35 billion. In fact, in
2026, Japan's MicroStrategy has not sold any Bitcoin and has made 54 purchases since the 23rd of April, 2024.
Whereas Michael Syalor's Strategy has sold
6916 BTC so far in 2026. So, clearly Metaplanet is not blindly following Strategy's footsteps.
Their plan is different, and that is why it is still ranking as the third largest Bitcoin DAT.#GateLaunchesJapaneseStockTrading #U.S.StrikesIranBTCDips #GateIdleEarnAutoYieldUpTo3% #AIStartupsRaise400BInSixMonths #GateEventContr

Can Solana reach $140 SOL by year-end?
Here's what SOL's on-chain data says
SOL's 40% rally, rising on-chain activity, and ETF inflows strengthen its year-end case.
Among high-cap assets, Solana has hands down led the rotation this month with a 40% rally, its best monthly performance since the 2024 post-election cycle.
Notably, the altcoin has also outperformed Ethereum on a relative performance basis, with the SOL/ETH ratio up over 7% during the same period.
Zoom out, though, and the picture changes.
As the chart below shows, the SOL/ETH ratio is still down over 10% on a quarterly basis, as t

Solana's August rally gets fundamental backing
A key "convergence" is fueling optimism around SOLs prospects through the year-end.
Crucially, the on-chain data validates the bullish thesis, with the network processing an average of 2,100 transactions per second, up 3x higher than the figure recorded in January.
Moreover, the DEX activity is also gaining momentum.
On Friday alone, $3.15 billion worth of transactions were settled on Solana's DEXS, representing over 40% of total DEX trading volume across blockchains. The momentum is also starting to pick up in terms of institutional flows. The ch

Pl crypto traders must watch THIS range
The 4-hour chart showed a range formation (purple) between $0.084-$0.093. The lower band of the range coincided well with the short-term demand zone around $0.085.
This support zone was defended, keeping bullish near-term hopes alive. On this timeframe too, however, the technical indicators showed indecisiveness between bears and bulls.
A breakout past the $0.093 range high with strong buying volume could see a price move toward $0.113. Swing traders must remember that the higher timeframe price swing structure remained bearish.#GateLaunchesJapaneseStock

PI's foray above $0. 10 faces stern rejection
It was a bit difficult for the bulls to square this outcome. They succeeded in driving prices past $0.10, a key round-number level that has been a supply zone since July.
However, this rally turned out to be only a few hours long.
Notably, the retracement swept the $0.085 support zone and has climbed back to $0.09 over the past week. The technical indicators were flat. PI's OBV lacked a trend over the past six weeks, and the MACD has recovered from deeply bearish momentum to more neutral conditions, but was still not bullish.
Moreover, the prevalen

Will holder exits be an issue?
One major concern has been a growing trend of holders exiting the market outright following the surge in price.
CoinMarketCap reported that the number of holders of SKR in the market had declined slightly by roughly 40 holders, down to just 41,980 at the time of writing.
A drop of this level when the price is performing well could be a pattern worth observing, especially as the opposite tends to occur more, with investors buying more of the asset.
For now, if this trend extends, its likely to further impact the price, as it means some holders are becoming cautiou

Seeker's euphoric rally meets holder exits - Can SKR's momentum hold?
The market still leans bullish despite some holders cashing out. Seeker [SKR], the native token for the Solana [SOL] mobile phone, has seen a euphoric rush, as capital flows into the asset in a way that strengthens the case for a continued long-term rally and stretch in price.
Now, one of the major concerns remains the recent exits of holders who keep the asset in their balance as they exit their positions completely, following the 186% run SKR had in the early hours of the day.
SKR has recorded over $15 million in net buy-s

Pl crypto's price pullback tests bulls - Is $0.113 still on the cards?
The Pl crypto price breakout beyond $0.10 last week was likely spurred by the Protocol 26 upgrade on the Mainnet. Pi Network [PI] crypto token continued to trade above the key short-term support zone at $0.085. On Saturday, the 22nd of August, the token raced higher to $0.11, before slumping 18% from the day's peak to close the daily session at $0.09.
The swift gains likely came as a result of the Pi Network announcement revealing the completion of the Protocol 26 upgrade on Pi Mainnet. A sharp move higher, followed by rapi

Cash Cat crypto hits a new ATH with a 120% increase, Robinhood in focus
The memecoin saw a whopping $206 million in trading volume. Memecoins have a new star, and it's Cash Cat [CASHCAT]!
The internet's new favorite just hit an all-time high, and it's also benefiting from the attention around Robinhood Chain [HOOD].
Is a Robinhood-led narrative on the cards?
Cash Cat crypto surged 120% in a week, hitting an ATH this week.
This is adding to the Robinhood ecosystem narrative; HOOD has also risen this month.#NVIDIAEarnings #CandyDrop1BTCForOldUsers #EventContracts1%Reward #SKHynixSurgesOver5% #Ga

Can SPX6900 hold its 66% weekly gain? If not, what's next?
SPX6900 leads memecoins higher, but $0.50 remains the key test. SPX6900 [SPX] is up more than 10% in the past 24 hours and 66% in the past week, leading all memecoins by daily gains. The daily trading volume spiked by more than 120% but was still fairly low at around $27 million.
The memecoin is the third-largest gainer among the top 100 crypto coins by market cap, behind only LayerZero [ZRO] and Pyth Network [PYTH]. SPX is green while other top memes are bleeding, with the broader memecoin market cap down 8.82% in 24 hours.
SPX6900 is

Bitcoin price eyes $83K after clearing 200-day SMA
Bitcoin price held near $79,500 on Aug. 27
after a rapid breakout from the $63,000 area, with ETF demand and U.S. policy developments supporting the rally even as technical indicators warned that momentum may be stretched.
Bitcoin price traded near $79,500 after gaining roughly 25% from its mid-August consolidation range.
Daily RSI reached 81.14, placing BTC firmly in overbought territory.
The 4-hour Supertrend remained bullish while MACD showed fading short-term momentum.
Liquidation clusters near $81,000 and $77,500 could shape Bitcoin's nex