to leave a comment.
Hello, everyone! This is your senior analyst, delivering hot news from the blockchain market in an easy and fun way. As of today, September 7, 2026, it's time to delve into the major issues that have excited and troubled us over the past 24 hours. Even amidst seemingly complex market conditions, we must always analyze coolly based on facts and figures, and prepare for the next step.
Recently, the market has seen an overall upward trend as buying momentum spreads from Bitcoin to altcoins. But as always, we must not forget that behind the bright side, there are shadows. Shall we take a closer look?
One of the most noticeable phenomena in the virtual asset market recently is that buying momentum is spreading beyond Bitcoin-centric rebounds to high-risk altcoins. This is a very good sign that the market is vibrant and investor sentiment is improving.
In particular, XRP (Ripple) is initiating a $4 rally as its spot trading volume hits a 6-month high, and the supply of RLUSD has also surged by 51% in a month, exceeding $2.4 billion.
Shiba Inu (SHIB) also appears to be consolidating its bottom and preparing for a major counterattack, with a lump sum of 1 billion SHIB flowing into derivatives.
Dogecoin (DOGE) is drawing attention for its upward scenario as a golden cross coincides with a large support zone of 35 billion DOGE.
Ethereum (ETH) is highlighting the possibility of breaking $3,000, anticipating a bull flag and golden cross formation, while Arbitrum (ARB) surged over 120% from its late August low, boosted by news of its Robinhood listing.
Cardano's (ADA) decentralized exchange trading volume also tripled in just two days, preparing to target $2.92, and Zcash (ZEC) surged an astonishing 2,395% in just one year, devastating short positions and attempting a further rally.
UNI also rose 4.59% in the last 5 minutes, indicating that the altcoin market is generally heating up significantly.
Bitcoin (BTC) showed unexpected resilience, firmly defending the $80,000 mark even amidst fears of escalating conflict in the Middle East and interest rate hikes.
This can be interpreted as a positive sign that the market is building resistance to external shocks. Analysis suggests that if Bitcoin breaks the $82,000 resistance, it could aim to re-enter $85,000, with analyst Kalsi putting the success probability at a high 77%.
However, it appears to have paused without surpassing the $82,239 peak, briefly falling below $80,000.
Mark Yusko, CIO of Morgan Creek Capital, recently diagnosed the Bitcoin rebound as an overbought state within a bear market, pointing out that it could short-term correct to around $58,000, which is the mining power cost level.
Nevertheless, Bitcoin has surged 38% from its July low, re-highlighting the possibility of re-challenging $100,000.
Furthermore, the correlation between Bitcoin and gold reached a 6-year high, which is noteworthy as Bitcoin begins to diverge from tech stocks and take on characteristics of a safe-haven asset like gold.
The Financial Intelligence Unit (FIU) of the Financial Services Commission (FSC) has stepped up regulation by requiring domestic Virtual Asset Service Providers (VASPs) to provide evidence for 44 items, demonstrating that their organizational structure, personnel, IT systems, and legal compliance frameworks are actually functioning.
This is expected to contribute to increasing market transparency and soundness. Meanwhile, the Senate processing of the US crypto market structure bill has been postponed again but is scheduled for a vote on September 15, with the possibility of passage before the midterm elections again drawing attention.
The Middle East and North Africa (MENA) region has emerged as one of the fastest-growing cryptocurrency markets globally. Annual on-chain transaction volume surged from approximately $100 billion in 2022 to about $350 billion between 2025-2026, with Saudi Arabia showing the fastest growth at 154% year-on-year.
In some countries experiencing conflict and currency depreciation, Bitcoin and USD-pegged stablecoins are being used as hedging tools, and Gulf Cooperation Council (GCC) countries are establishing themselves as hubs for digital asset growth through clear regulations and increased institutional participation.
Unfortunately, alongside market growth, news of security incidents and project failures is also emerging. A security withdrawal incident involving approximately 4,000 BTC (about $320 million) occurred on the Bitcoin Layer 2 sidechain Liquid Network, temporarily halting network operations.
SideSwap explained that there was no system hack, but an abnormal amount of funds was leaked due to an inherent flaw in Elements software.
Chilean cryptocurrency exchange OrionX was abruptly shut down due to an unauthorized outflow of $7 million in customer funds, causing further shock as it was an exchange invested in by Tether.
Router Protocol, which received investment from Coinbase Ventures, announced that it would terminate its project and burn 30% of ROUTE tokens, having failed to find a sustainable business model.
Additionally, multiple users on the WOO X exchange have reported withdrawal delays, with the exchange stating it is undergoing system maintenance.
Such news once again reminds us of the important lesson that we must always carefully check the security and stability of platforms when investing in blockchain.
And there were also criticisms that popular stablecoin events might be empty promises. Rather than being lured by the bait of free fees, wisdom is needed to thoroughly evaluate intrinsic value and risks.
The analysis that the US August employment report, while seemingly strong on the surface, could actually be a spark for bond strength, is noteworthy.
The Bitcoin market is highly sensitive to complex macroeconomic variables such as geopolitical risks in the Middle East, inflationary pressures in the US, and the possibility of the Fed's interest rate hikes.
With the probability of a Fed rate hike reaching 58.4%, there is still a perspective among Bitcoin investors that a rebound is difficult without a Fed rate cut.
News of Upbit's trading volume falling below 1 trillion won shows that the market is treading on thin ice ahead of the US inflation announcement.
As we've seen today, the blockchain market is vibrant with the dynamic movements of altcoins and Bitcoin's robust defense. The growth of the cryptocurrency market in the Middle East and the evolution of the regulatory environment can be considered positive signs from a long-term perspective.
However, at the same time, security and operational risks clearly exist, such as the Liquid Network hack, OrionX shutdown, and WOO X withdrawal delays. We must not overlook these risks.
We must always respond to market changes with cool analysis and a cautious approach. If we continue to invest wisely based on facts, we will surely be able to seize good opportunities in this market. I'll be back with more useful and interesting news next time!