According to BlockBeats, data from Coinmarketcap reveals that the Altcoin Season Index has risen to 59. This index indicates that in the past 90 days, approximately 59 out of the top 100 cryptocurrencies by market capitalization have outperformed Bitcoin. The CMC Altcoin Season Index serves as a real-time indicator to assess whether the current cryptocurrency market is experiencing a period dominated by altcoins. It is based on the performance of the top 100 altcoins relative to Bitcoin over the last 90 days.

null source: https://x.com/DaanCrypto/status/1962108606804873564

WLFI’s launch comes with $600M speculative flow and locked supply- will it have a Trump-style collapse? source: https://ambcrypto.com/how-can-wlfi-prevent-a-trump-style-crash-post-483-mln-unlock/

Authorities in the United States and the Netherlands have teamed up to shut down an online fake ID marketplace that accepts digital assets. According to reports, the joint action saw them take down the VerifTools marketplace. The press release notes that the marketplace sold fake documentation for as low as $9, accepting payments in digital […] source: https://www.cryptopolitan.com/authorities-dismantle-fake-id-marketplace/

As XRP struggles to reclaim the $3 resistance zone, the asset has received a major boost from whales, a notable vote of confidence amid the current bearish market sentiment. Specifically, on-chain data revealed that whales accumulated more than 340 million XRP in the past two weeks, according to cryptocurrency analyst Ali Martinez’s August 31 X post. This surge in buying suggests that deep-pocketed investors are positioning themselves for a potential rebound despite the token’s recent price weakness. XRP whale transactions source: https://finbold.com/heres-xrps-new-support-to-watch-after-whales-acquire-340-million-tokens/

According to Cointelegraph, Bitcoin may avoid a significant downturn in September, potentially setting the stage for new highs. Historically, September has been a challenging month for Bitcoin, with the cryptocurrency closing in the red for eight of the past twelve years, averaging a decline of about 3.80%. This trend, often referred to as the 'September Effect,' sees traders locking in profits after summer rallies or repositioning portfolios ahead of the fourth quarter. This pattern is not unique to Bitcoin, as the S&P 500 index has also experienced average negative returns in September since 1928. However, Bitcoin's performance in 2017 suggests a different outcome this year. Analyst Rekt Fencer points out that Bitcoin's price movements in 2017 and 2025 show a similar pattern, with a sharp decline in late August followed by a recovery. In 2017, this recovery led to a significant price surge, and Bitcoin is currently positioned near a multimonth base between $105,000 and $110,000, which could serve as a launchpad for another upward trend. Bitcoin's technical indicators also suggest a potential rally. The $105,000–$110,000 zone, which previously acted as resistance, has now become support, indicating a bullish structure. A 'hidden bullish divergence' is also present, where Bitcoin's price has dropped, but its relative strength index (RSI) has not fallen as much, suggesting that the market may not be as weak as it appears. Analyst ZYN predicts that Bitcoin could reach a new all-time high above $124,500 within the next 4–6 weeks, driven by these technical patterns. Additionally, a weaker dollar could provide further support for Bitcoin. Currency traders are bearish on the dollar due to a slowing U.S. economy and anticipated Federal Reserve rate cuts. The correlation between Bitcoin and the US Dollar Index (DXY) has weakened, improving Bitcoin's chances of climbing if the dollar continues to decline. Analyst Ash Crypto anticipates that the Federal Reserve will initiate monetary easing in the fourth quarter, potentially leading to significant inflows into the crypto market. This could trigger a parabolic phase where altcoins experience substantial gains. However, it is important to note that this article does not offer investment advice, and readers should conduct their own research before making any investment decisions.

According to Foresight News, SharpLink Gaming has reported unrealized profits amounting to $760 million. This information was initially shared by Cointelegraph, highlighting the company's substantial financial position.

Eric Trump, co-founder of American Bitcoin (ABTC) and son of U. S. President Donald Trump, reaffirmed his ultra-bullish stance on Bitcoin. source: https://cryptonews.com/news/eric-trump-doubles-down-no-question-bitcoin-will-hit-1-million/

Bitcoin is in position for a rebound toward $124,500 in September, even as history brands the month as one of its weakest. source: https://cointelegraph.com/news/will-bitcoin-price-drop-in-september?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

But the tide may be turning. source: https://coindoo.com/market/chainlink-faces-its-first-real-test-after-a-year-of-gains/

Backroom is trying to inject new vitality into the InfoFi market by using AI to sort out alpha from massive amounts of information and eliminate noise.

This week, the global crypto and financial sectors are packed with highlights, from government departments' blockchain layout, regulatory policy games, to the strategic moves of giant companies, and the influx of capital into the core ecosystem. Each hotspot is affecting the market's nerves.

Buying Bitcoin in 2020 was a professional adventure. Now with the entry of BlackRock and the enactment of government bills, it has taken a decade for cryptocurrencies to overcome Wall Street's suspicion and hostility and tear off the gray label.

With the improvement of the regulatory framework and the development of technology, stablecoins will play a more important role in the future financial ecosystem.

From the initial meme to the current top ten market capitalization, Dogecoin is not only a legend of its transformation from a joke to innovation, but also a vivid interpretation of the PoW spirit of "everyone can mine and the benefits are fairly distributed."

This week, 27 blockchain startups raised a total of $205.8 million in funding. Rain raised $58 million in its Series B funding round, the largest funding round of the week.

Golden Finance has launched the 2802nd issue of "Golden Morning 8:00", a morning newspaper for the cryptocurrency and blockchain industry, to provide you with the latest and fastest digital currency and blockchain industry news.

Industry leaders such as Eric Trump, CZ, Arthur Hayes, and the founder of Uniswap shared their views on the current and future of the crypto market at conferences in Tokyo and Hong Kong from August 25th to August 29th.

Golden Weekly is a weekly blockchain industry summary column launched by Golden Finance. Its content covers the week's key news, market and contract data, mining information, project dynamics, technological progress and other industry trends.

On August 27, at the Hong Kong Crypto Finance Forum held at the University of Hong Kong, CZ's speech was blunt and explicit, criticizing Hong Kong's Web3 policies.