Tag: CRYPTOS FoxBusiness

Grayscale Research Head Zach Pandl stated that Zcash ($ZEC) mining offers significantly higher profitability compared to Bitcoin mining under current market conditions, and that mining activity on the Zcash network has increased by more than 2.5 times since the beginning of the year.

The analysis published by Pandl states that Zcash uses a Proof-of-Work (PoW) consensus mechanism similar to Bitcoin, but also offers additional privacy features. It also notes that the strong performance of the $ZEC price has significantly improved the mining economy.

The Bitcoin network is significantly larger than Zcash in terms of scale. According to Grayscale data, the total daily reward distributed to Bitcoin miners is approximately $35 million, while for Zcash it is around $2 million. However, considering the amount of capital and energy used for mining, Zcash is said to offer a higher return.

According to Grayscale’s estimates, Zcash miners earn approximately twice the daily income per piece of mining equipment used compared to Bitcoin miners. In terms of energy consumption, the revenue generated per megawatt-hour (MWh) of Zcash mining is about four times that of Bitcoin. However, it was noted that the equipment used for Bitcoin and Zcash mining is not interchangeable due to the different algorithms employed.

Some industry data suggests that Zcash mining can yield higher returns per MWh than even certain AI and high-performance computing (HPC) cloud services.

Increased profitability in mining has also accelerated the influx of new processing power into the Zcash network. According to standard hashrate measurements, mining activity on the Zcash network increased by more than 2.5 times by 2026.

Grayscale believes this development could create a positive cycle for Zcash. The rise in $ZEC price increases mining activity, while the increased hashrate strengthens the network’s security. A more secure network, in turn, is seen as boosting investor confidence, which in turn can support the $ZEC price.

*This is not investment advice.

Prediction marketplace Kalshi is planning to bring one of crypto’s most popular trades to U.S. stocks, with perpetual futures tied to companies including Tesla, Apple and Nvidia that could trade around the clock.

The operator plans to seek regulatory approval for roughly 60 perpetual futures linked to individual stocks and exchange-traded funds, the Wall Street Journal reported late Thursday. If approved, they would be the first regulated single-stock perps offered in the U.S.

Perpetual futures, usually called perps, let traders bet on whether an asset will rise or fall, often with borrowed money, without the contract ever expiring. Traders instead make regular payments to one another that help keep the contract near the price of the asset it tracks.

They have become one of crypto’s largest businesses since the soon to be defunct exchange BitMEX introduced these products in 2016, with newer venues such as Hyperliquid letting traders take leveraged positions on bitcoin and hundreds of tokens at any hour.

A Tesla perp could keep trading through nights and weekends while Tesla shares on Nasdaq are closed, creating a live view of what traders think the company is worth hours, or even days, before the stock itself reopens.

The Coinbase Bitcoin premium index, a key indicator of investor demand in the Bitcoin market based in the US, extended its negative trend for the fifth day. According to CoinGlass data, the index was down 0.042% as of 03:00 on September 11.

The Coinbase premium index measures the difference between Bitcoin prices on the Coinbase and Binance exchanges. A positive index indicates that the Bitcoin price on Coinbase is higher than on Binance and that there is relatively strong buying demand in the US market. Long-term negative values, on the other hand, are interpreted as indicating weaker Bitcoin demand originating from the US compared to other markets.

The index had risen to 0.0052 percent on August 24, entering positive territory for the first time since May 19. This move marked the end of the index’s longest negative streak to date, a period of 97 days.

However, the indicator turning negative again after this recovery has led to assessments that there may be a short-term weakening in the appetite of US investors to buy Bitcoin. The five-day negative trend is noteworthy, especially at a time when the impact of demand in the US market on Bitcoin price movements is being monitored.

The Coinbase premium stands out as one of the on-chain and market indicators that investors follow to assess regional demand dynamics. While the index alone doesn’t determine price direction, its long-term movements are important for tracking changes in US-based investors’ interest in Bitcoin.

*This is not investment advice.

Cryptocurrency exchange Huobi $HTX has launched perpetual futures contracts for three new assets. According to the exchange’s official announcement on September 11th, CIFR/$USDT, APD/$USDT, and ASX/$USDT perpetual futures contracts are now available for trading on the platform.

Under the new contracts, users will be able to open both long and short positions in these assets. Huobi $HTX allows leverage between 1x and 20x in trades. This allows investors to take positions for price increases or decreases depending on market expectations.

The addition of new futures products stands out as part of Huobi $HTX’s strategy to expand its derivatives portfolio. Perpetual futures contracts are among the most frequently used derivatives in the cryptocurrency markets due to their lack of a fixed expiration date.

The exchange also announced that it has launched a special trading competition in parallel with the launch of the new contracts. The campaign started on September 11 and will continue until 3:00 PM on September 15.

Users wishing to participate in the event must first complete the registration process and then trade in futures contracts for the assets included in the campaign. Users who meet the specified trading conditions and thresholds will have the opportunity to share in the prize pool of a total of 1 billion $HTX tokens.

Huobi $HTX stated that the rewards under the campaign will be distributed among users who meet the specified participation and trading criteria. Trading volume and user interest in the new contracts are expected to be monitored in the coming days. Given the high risk involved in leveraged trading, it is important for investors to pay attention to position size and risk management.

*This is not investment advice.

Bitget analyst Lewis Huang marked the line before the print, saying “$76,270 is an important technical support level.” Bitcoin is now less than $800 above it.

Brent crude ripped above $107 a barrel, up more than 6%, with West Texas Intermediate near $102, an energy shock that feeds straight into the inflation data the Fed is watching. The 10-year Treasury yield pushed toward 5% and the two-year above 4.5%.

Gold slipped toward $4,330, the dollar index firmed near 99, and the S&P 500 closed lower at about 7,594, a fourth straight decline. Asian equity futures followed, with Japan down nearly 2%, Korea more than 3% and Hong Kong close to 1%.

Higher real yields drain crypto through two channels at once. They make government debt competitive with an asset that pays nothing, and they raise the cost of carrying leverage.

U.S. spot bitcoin ETFs are already showing it, with $120 million of outflows on Wednesday, more than double Tuesday’s, while ether, $XRP and solana funds all took in money the same day.

August CPI lands at 8:30 a.m. ET, with headline inflation expected at 3.4% year over year and core at 2.4%. Interest rate futures put the odds of a hike at the Sept. 15-16 meeting near 70%, up from roughly a coin flip two weeks ago.

India has started settling corporate bonds using blockchain technology and central-bank digital money, taking tokenization deeper into the country’s traditional financial markets.

The Securities and Exchange Board of India this week launched Demat 2.0, a pilot built around the electronic accounts Indian investors already use to hold stocks and bonds. Under the program, corporate bonds can be issued as digital tokens on a distributed ledger run by regulated market institutions.

State-owned power-sector lender REC raised ₹500 crore, about $56 million, through the system earlier this month. Engineering and construction giant Larsen & Toubro followed with another ₹500 crore, while non-bank lender IIFL Finance raised ₹25 crore, about $2.8 million.

The bonds themselves stay conventional, with fixed interest rates, maturity dates and investor rights. But instead of passing through separate settlement systems, the tokenized bond and the digital rupees used to buy it can move together.

Demat 2.0 connects the tokenized bond ledger with the Reserve Bank of India’s wholesale digital rupee through its Unified Market Interface. That allows the bond and the money used to pay for it to move together, cutting settlement risk between the two sides of a trade.

Matt Mena, an analyst at digital asset investment company 21Shares, said that the conditions are beginning to form for Bitcoin to rise towards the $100,000 level in the fourth quarter of 2026. Mena stated that while price fluctuations may continue in the short term, Bitcoin’s potential for a renewed rise is strengthening.

According to the analyst, Bitcoin could retest the $75,000 level in the near term. Despite the possibility of such a pullback, Mena stated that the likelihood of BTC regaining the $80,000 level has increased. He predicted that Bitcoin could rise to $82,000 by the end of the month if current market conditions remain supportive.

Mena’s assessment indicates that the Bitcoin market simultaneously presents a short-term correction risk and a medium-term bullish outlook. The $75,000 level stands out as a potential support point, while a resurgence above $80,000 could be considered a significant technical development for the market.

The analyst’s target of $100,000 for the fourth quarter requires Bitcoin to experience a significant rise from its current levels. Therefore, investors are expected to closely monitor the price’s potential movements around $75,000 and its sustained position above $80,000 in the coming period.

It is estimated that if Bitcoin reaches $82,000 by the end of the month, the market outlook could strengthen further before the fourth quarter. However, due to the high volatility of the cryptocurrency market, short-term price movements may differ from analyst predictions.

According to 21Shares analyst Matt Mena, the current outlook suggests an increasingly favorable environment for Bitcoin to initiate a new uptrend towards $100,000 in the fourth quarter.

*This is not investment advice.

MemeToro has entered Stage 7 as traders search for early memecoin projects during September 2026. The presale has raised $122,810.33 toward a $156,312.74 stage target, with $MT available at $0.00430.

The project displays a $0.05186 launch price, but that target is not a guaranteed market value. A useful MemeToro launch price prediction must examine the required demand, liquidity, product delivery, and selling pressure.

What the MemeToro Launch Price Prediction Means

If $MT moved from its Stage 7 price of $0.00430 to the displayed $0.05186 target, the increase would be about 12 times. A $1,000 purchase at the current stage would receive roughly 232,558 tokens before fees.

At the displayed launch target, those tokens would have a paper value near $12,060. This is only hypothetical math and does not account for network fees, liquidity, price movement, taxes, or the ability to sell at that level.

The project’s stated target should not be confused with a confirmed exchange order. Once public trading begins, buyers and sellers will determine the real price.

Several factors could affect the MemeToro launch price prediction:

• The size and depth of the opening liquidity pool.
• The number of tokens claimed and sold after launch.
• The exchanges or decentralized markets supporting $MT.
• Delivery of the planned AI launch system.
• Wider demand for $BNB Chain memecoins.

Calling presale participants “top traders” also requires proof. Public fundraising figures show contributions, but they do not reveal whether professional traders or named whales made those purchases.

Fair-Launch Code Adds a Clearer Project Catalyst

MemeToro recently published its first fair-launch smart contract draft. The update added 1,373 lines across 17 files and introduced FairLaunchEscrow.sol, interfaces, test contracts, documentation, and Foundry-based testing.

The contract locks each round’s terms when it is created. It has no owner, admin role, or upgrade path that could let the team rewrite those terms after users contribute.

Its allocation math makes insider tokens impossible within the round. Contributor tokens and liquidity tokens must equal the full supply, while rounding leftovers move into liquidity.

Funds can return to contributors or pass to the planned launch executor for liquidity. There is no coded route from the escrow to a developer or treasury wallet.

These controls may strengthen the project case behind a MemeToro launch price prediction. They do not establish the future value of $MT, and the draft still needs deployment and independent review.

Why $BNB Chain Conditions Could Matter

$BNB Chain has become an active home for memecoin creation because it offers low fees, fast confirmations, established decentralized exchanges, and no-code launch platforms. Four.meme and Flap have helped make token deployment easier for regular users.

The $BNB Chain Foundation has also backed ecosystem growth through a reported $100 million incentive plan. Some decentralized trades can cost around $0.005, reducing friction for users making smaller swaps.

MemeToro aims to add an open-source AI layer to this market. Its AI agent scans trends, publishes supporting evidence, creates proposals, and can reject drafts that break fixed launch rules.

Yet the live contract executor and automatic liquidity step remain unfinished. The project must also connect its manifest to the escrow, deploy on testnet, and obtain a new security review.

The $0.05186 target is therefore an upside project scenario, not a confirmed launch result.

FAQs

What is the current MemeToro presale price?

The latest supplied Stage 7 figure is $0.00430 per $MT, with $122,810.33 raised toward a $156,312.74 target.

Will $MT launch at $0.05186?

The project displays that target, but open-market pricing will depend on liquidity, listings, demand, token claims, and product progress.

What could weaken the launch price?

Thin liquidity, delayed development, contract issues, broad market weakness, or heavy selling by claimable presale holders could push the price below the displayed target.

More Information on MemeToro ($MT) Presale Here:

Website: https://memetoro.com/

X: https://x.com/memetoro_mt

Telegram: https://t.me/memetoro_mt

YouTube: https://www.youtube.com/watch?v=gY0jgWy_DtA

A crypto analyst has projected that $XRP could eventually reach $60, although the forecast depends on it first clearing a much closer—and difficult—price barrier.

The projection arrived as former Ripple executive David Schwartz said $XRP could one day overtake Bitcoin. But $XRP did not look like it was going towards that prediction as of the time of this writing on Thursday 10 September, falling to around $1.35.

Why is an analyst projecting a $60 $XRP price?

Analyst Ali Martinez believes $XRP could reach $60 if it produces a monthly close above $3.66. His forecast is based on the idea that such a move would end a long period in which $XRP has struggled to make lasting progress beyond its previous highs.

For this to happen, $XRP would need to rise nearly 170% from its current price to even reach $3.66 and would jump almost 4,000% to take it from $1.35 to $60.

There have also been comments from Ripple’s chief technology officer, David Schwartz.

Schwartz was asked, in an X Spaces discussion, if $XRP could take over BTC in total market value, and he said it was possible. He said that for that to happen, $XRP would have to grow faster, not that Bitcoin would lose value.

It wouldn’t happen from Bitcoin shrinking. It would happen from $XRP growing faster than Bitcoin.

Schwartz said that the speed and wider range of functions offered by $XRP Ledger may lead to faster future growth. However, unlike the analyst, he did not give a target of $60 or when it might overtake Bitcoin.

$XRP price faces a more immediate test

During the most recent trading session, $XRP fell 3.24% to about $1.35, pushing $XRP below $1.40, where buyers and sellers have been competing for control.

The price is currently sitting near $1.34 – $1.35, and if this fails, then $1.30 could be the next number buyers look to defend.

Any recovery would first need to take $XRP back above $1.40. It could then face another challenge between $1.45 and $1.50, an area that has repeatedly stopped recent advances.

$XRP is also trading with caution in the larger market ahead of fresh US inflation data, which could weigh on the expectations for interest rates and thereby affect the demand for cryptos.

Final Summary

• David Schwartz said $XRP could eventually overtake Bitcoin.
• The $60 target is only possible if $XRP manages to close above $3.66, but for now, the challenge is holding onto $1.35.

Useless Coin [$USELESS] retraced part of its extraordinary 529% monthly price advance, plunging 20% in 24 hours as derivatives deleveraging sharply intensified selling pressure.

The price correction came after an exceptional monthly rally, placing the ongoing decline within a broader price advance.

Trading volume also experienced a decline of 13.65% to $157.63 million as $USELESS pulled back from recent highs.

Despite the pullback, $USELESS still retained considerable gains from its 529% monthly price expansion.

Open Interest collapse confirms leverage flush

During the price retracement, the Open Interest also dropped 28.46% to $115.29 million, reflecting considerable position closures as $USELESS extended its correction.

Besides, the derivatives volume had also declined 13.34% to $1.04 billion at the time of press.

Notably, the Open Interest fell faster than the volume, showing aggressive exposure reductions rather than declining market participation alone.

Furthermore, the total 24-hour liquidations reached $2.75 million, with longs accounting for $1.53 million against short liquidations at $1.22 million. This consequently left the bullish positions with greater losses.

Meanwhile, the Binance top-trader positions held a slightly long bias at 1.0787. Further deleveraging, therefore, could extend volatility, although reduced leverage could eventually create a healthier derivatives structure.

$USELESS Spot inflows increase the supply challenge

Furthermore, the Spot activity introduced additional supply pressure as the derivatives participants reduced exposure. At the time of reporting, $USELESS had recorded approximately $5.09 million in inflows versus $4.29 million in outflows.

The divergence resulted in a positive netfllow of around $780.88K, implying the exchange inflows exceeded outflows during the observed period. Hence, there was an increase in the exchange-side supply as well while the price faced pressure from derivatives deleveraging.

Notably, the recent flow readings also fluctuated drastically between inflow dominance and outflow dominance. Generally, persistent positive netflows could reinforce the selling pressure, while renewed outflows would potentially support price stabilization.

Can the demand zone counter the sellers?

On the 24-hour timeframe chart, $USELESS price retreated towards the broader $0.19109–$0.235 demand zone after facing a rejection at the $0.32881–$0.33665 supply region.

At the time of analysis, $USELESS traded around $0.23026, placing buyers directly against a significant technical structural test.

On the technical indicators’ side, the RSI fell to 46.37, below its 57.92 average, highlighting a weaker buying strength after the previous rally. Additionally, the Parabolic SAR also sat above price near $0.32881, maintaining a bearish price outlook.

However, a strong defense of the demand zone could support another price recovery attempt toward the $0.27522 zone. A successful reclaim of this resistance would strengthen the possibility for another challenge of the $0.32881–$0.33665 higher price zone.

A break below the $0.19109 support level, however, would instead weaken the recovery attempt and expose $USELESS to a deeper price retracement.

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Final Summary

• $USELESS has surrendered part of its 529% rally as leveraged traders reduce exposure.
• Strongly preserving the demand zone could reopen at $0.27522 despite increased exchange-side supply.