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Bitcoin Nears $116K as Meme Coins Surge in Crypto Rally

Bitcoin continues its upward trajectory, approaching $116,800 as meme coins like DOGE and PEPE post double-digit gains. The cryptocurrency market has added over $80 billion in value overnight, fueling speculation about an altseason. Bitcoin’s market dominance has dipped to 55.2% while altcoins outperform.

  • Bitcoin faced multiple resistance tests at $113,200 and $116,800 before settling near $116,000
  • Meme coins DOGE and PEPE led altcoin gains with 12% and 18% surges respectively
  • Total cryptocurrency market capitalization increased by $80 billion overnight to $4.18 trillion
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Allied Gaming Invests in Bitcoin & Ethereum, Stock Soars 105%

Allied Gaming & Entertainment has joined the growing trend of companies adding cryptocurrency to their corporate treasuries. The Nasdaq-listed esports firm saw its stock price briefly double following its Bitcoin and Ethereum investment announcement. This move signals a strategic shift toward integrating blockchain technology into its gaming and entertainment ecosystem.

  • AGAE's stock price surged 105% following the crypto treasury announcement, marking one of the largest single-day gains for a Nasdaq-listed company adopting cryptocurrency
  • The company plans to expand beyond treasury holdings to include crypto payments, IP tokenization, and integration of stablecoins and utility tokens within its digital ecosystem
  • Corporate crypto treasury strategies now extend beyond Bitcoin to include Ethereum, Dogecoin, Solana, and other altcoins, with leading ETH treasury companies holding a combined 2.4% of total Ethereum supply
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Mantle (MNT) Hits $1.65 ATH on Bybit Partnership Surge

Mantle (MNT) has skyrocketed to a new all-time high of $1.65, becoming the top gainer in crypto markets. The token’s 18% daily surge is fueled by an expanded partnership with exchange giant Bybit. Technical indicators show strong momentum but also signal potential overbought conditions.

  • Bybit partnership expansion introduced 21 new trading pairs including ETH, SOL, ADA, and SUI
  • Technical indicators show RSI above 70 and CCI above 300, signaling overbought conditions
  • Mantle's Total Value Locked (TVL) reaches $1.8 billion, strengthening its DeFi ecosystem position
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Analysts Predict XRP $300, Ethereum $25K in Crypto Rally

Crypto analyst Whale Guru has made bold predictions for major altcoins, forecasting XRP to reach $300 and Ethereum to hit $25,000. These targets represent massive upside potential despite lacking detailed fundamental justification. Meanwhile, other analysts offer more conservative near-term targets as XRP shows breakout momentum.

  • Whale Guru predicts 100x gains for XRP to $300 and massive rallies for Ethereum ($25K), SOL ($2K), and DOGE ($5)
  • XRP ETF speculation grows with predictions of $5B in first-month inflows, potentially outperforming Ethereum ETFs
  • Technical analyst CasiTrades identifies $4.50 as conservative target with XRP breaking key Fibonacci resistance levels
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Nemo Protocol Loses $2.59M in Sui Exploit

A critical vulnerability in Nemo, a yield trading protocol on the Sui blockchain, led to a $2.59 million exploit on September 7. The breach occurred due to unaudited code deployed without multisignature controls. This incident highlights ongoing security challenges in decentralized finance.

  • Exploit caused by a function flaw intended to reduce slippage, allowing state manipulation.
  • Smart contract auditor Asymptotic had identified the issue but it was not addressed in time.
  • Code was deployed without multisignature controls, increasing vulnerability risks.
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Sui Developer Meets SEC on Crypto ETF Filing Deadlines

Mysten Labs, the developer behind the Sui blockchain, recently met with the SEC’s Crypto Task Force. The discussion, attended by legal counsel from Sidley Austin LLP, comes amid ongoing reviews of spot crypto ETF applications. This engagement highlights the growing dialogue between blockchain innovators and regulators.

  • Meeting occurred between Mysten Labs, legal firm Sidley Austin LLP, and the SEC's Crypto Task Force on September 9.
  • Discussions likely focused on regulatory compliance and ETF application processes amid ongoing SEC reviews.
  • Highlights increasing collaboration between blockchain developers and regulators to shape crypto policy frameworks.
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SUI Tests $3.52 Resistance: Breakout or Pullback Ahead?

SUI cryptocurrency is testing a critical resistance level at $3.52, with analysts closely watching for a potential breakout. The asset has shown steady gains and technical strength, suggesting buyers remain in control. A successful breakout could trigger significant upward movement, while failure may lead to a pullback.

  • SUI has broken out of a daily falling wedge pattern, signaling potential trend reversal from downtrend to uptrend
  • The $3.52 level represents a critical resistance-turned-support test that will determine short-term price direction
  • Analysts project potential targets of $4.00-$4.40 if breakout holds, or pullback to $3.20 if support fails
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Bitcoin Rejects $113K Again as Altcoins Surge: Market Watch

Bitcoin faced another rejection at the $113,000 resistance level, triggering a brief sell-off before bulls regained momentum. While major altcoins remained sluggish, several mid and lower-cap cryptocurrencies posted significant gains. The total crypto market cap held steady near $4 trillion amid mixed sector performance.

  • Bitcoin faced its second rejection at $113,000 this week, creating volatility between $110,800-$113,200
  • Mid-cap altcoins significantly outperformed large-cap counterparts, with HASH surging 33% and three others gaining over 10%
  • Total crypto market capitalization remained stable at $4 trillion despite Bitcoin's price fluctuations and mixed altcoin performance
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Lion Group Shifts $600M Treasury to Hyperliquid (HYPE)

Singapore-based Lion Group Holding Ltd. is reallocating its crypto treasury from Solana and Sui to Hyperliquid’s HYPE token. The NASDAQ-listed firm is implementing a phased accumulation strategy to manage volatility. This move reflects growing institutional adoption of DeFi-native assets for corporate treasuries.

  • Hyperliquid commands 70% market share in DeFi perpetual futures with $1.75B TVL and record $106M August revenue
  • BitGo's institutional custody services for HYPE enabled secure corporate storage, accelerating institutional adoption
  • HYPE token surged 450% since April to $51.50 ATH with analysts targeting $52 breakout level for further gains
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HYPE Hits $55 ATH as Lion Group Shifts Treasury to Hyperliquid

Hyperliquid’s native token HYPE surged to a record $55 after gaining nearly 10% on Monday. The rally follows Lion Group Holding Ltd.’s announcement to reallocate its crypto treasury from Solana and Sui into HYPE. This strategic move highlights growing institutional confidence in Hyperliquid’s decentralized trading infrastructure.

  • Lion Group Holding Ltd., a Nasdaq-listed company, is reallocating its crypto treasury from SOL and SUI to HYPE through a disciplined accumulation strategy.
  • Hyperliquid generated $409 million in user fees over the past six months, surpassing Ethereum by 23% and Solana by 75%, despite handling nearly 10% of global BTC and ETH perpetual volumes.
  • BitGo Trust Company recently launched institutional HYPE EVM custody services in the U.S., enhancing infrastructure for larger investors and supporting secure token access.
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