Happy Wednesday!

Bitcoin and other cryptocurrencies are seeing the most profit-taking since last December, which begs the question: is this a good buy-the-dip opportunity?

China is not again banning crypto, quite the opposite: the country is reportedly looking into launching its own yuan-backed stablecoins.

Plus, this week’s retail reports are already moving markets, and next week’s tech giants like NVIDIA and Salesforce are set to follow. Our tools highlight the biggest earnings catalysts and send you actionable alerts the moment results hit, so you can move before Wall Street — get your alerts now.

TOP STORY

Bitcoin, Ethereum, XRP See Most Profit-Taking Since December: A Buy-The-Dip Opportunity?

Crypto markets are seeing a sharp pullback in recent weeks, but on-chain data indicates potential buying opportunities amid elevated profit-taking.

Glassnode data shows the dip is driven largely by long-term investors taking profits. While sentiment appears negative, the conditions could present a favorable entry point for patient traders.

Bitcoin has seen more than $1.5 billion in profits realized since July 18, marking the largest profit-taking since December 2024.

For Ethereum, $575 million have been realized since Aug. 16, the largest in this cycle, showing longer-term ETH holders taking profits.

What does that mean for the market going forward?

Read the full scoop here. 

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This week’s retail reports are already moving markets, and next week’s tech giants like NVIDIA and Salesforce are set to follow. Our tools highlight the biggest earnings catalysts and send you actionable alerts the moment results hit, so you can move before Wall Street.

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QUICK N DIRTY

Bitcoin, Ethereum, Dogecoin, XRP continue to look shaky, but at least Bitcoin has held the crucial $113,000 support: here’s what’s driving the market today.

Dogecoin and Shiba Inu are down over 20% in a month and traders are wondering: has the bull run ended before it’s properly begun?

The U.S. Treasury is not active in the crypto markets, but one little-known move it is making could possibly have a big impact on crypto in the near future.

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FINTECH FOCUS

Buckle Up Dollar Bulls, China Is Reportedly Considering Its Own Yuan-Linked Stablecoins

China is preparing to consider yuan-linked stablecoins as part of its efforts to expand the currency’s use worldwide, in what would represent a significant departure from its previous stance on digital assets.

The State Council, China’s cabinet, is expected to review a policy roadmap later this month that could authorize the issuance and use of yuan-backed stablecoins, Reuters reported on Wednesday.

The plan is likely to set targets for global yuan adoption and assign responsibilities to regulators such as the People’s Bank of China (PBOC), the report quoting sources said.

Read the full scoop here. 

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