Binance will stop supporting SOPH deposits and withdrawals via BNB Smart Chain.

CryptoQuant analyst Darkfost noted in a post that Bitcoin’s Average Directional Index (ADX) indicator hit its lowest level in over two years today, another signal suggesting volatility is about to return. ADX is a tool for measuring trend strength, not directional, carrying no bullish connotation—it is only used to track trend strength rather than price action. An extremely low ADX level means Bitcoin has been trading sideways in a range for quite a long time, trend momentum is nearly exhausted, and prices will have to choose a direction soon. Darkfost stressed that multiple indicators currently point to the same conclusion: the market has been in a "hypnotic" low-volatility state for several consecutive months, major swings are imminent, and investors should remain highly vigilant.

South Korea’s largest cryptocurrency exchange Upbit will halt trading support for the following tokens starting September 14: Jasmy (JASMY), ThunderCore (TT), and STORJ.

On-chain analyst Murphy noted that all BTC purchased in 2025 is currently in a loss position. Whenever the volume of these 2025-acquired BTC decreases, all reductions (excluding wallet transfers) stem from selling at a loss. As of now, 4.77 million BTC bought in 2025 remain, a 41.5% drop from their peak last December. The downward trend’s slope has two distinct phases: a sharp decline before February this year, followed by a slowdown after February, though it still maintains a notable downward slope. This cohort represents the largest supply side in the current market. Comparing data from 2022 to 2024, it’s clear that holdings with unrealized profits have largely passed the steep phase of decline. Even if prices drop further, changes in the volume of these holdings will no longer be significant. In other words, the potential supply from this group has already completed its turnover. Looking at the past two bear markets: during the 2022 bear market bottom, holdings from the 2021 peak dropped by 51%; during the 2018 bear market bottom, holdings from the 2017 peak fell by 62%. Murphy estimates that the current bear market bottom will see a maximum decline of 50-60%, with the current figure standing at 41%.

According to HTX market data, Bitcoin has fallen below $63,000, recording a 1.5% decline in the past 24 hours.

According to Bitget market data, South Korea's KOSPI index closed up 164.0 points today, with a 2.41% gain, at 6977.34 points. The index has risen 11.5% cumulatively this week, ending its seven-week consecutive losing streak.

Crypto exchange Gemini, founded by the Winklevoss brothers, released financial results showing it has posted losses for four consecutive quarters since going public. The report shows Gemini’s net loss in Q2 2026 was $107.7 million, or $0.89 per share, exceeding analyst expectations. By comparison, the company’s loss in the same period last year was $133 million. Despite ongoing losses, Gemini’s Q2 revenue rose 37% year-over-year to $45.5 million, beating market forecasts. Gemini completed its initial public offering (IPO) in 2025, listing when the crypto market hit all-time highs, but a subsequent market correction has pressured its performance. The latest results indicate revenue growth has not yet reversed the company’s profitability challenges.