Empery Digital has sold nearly half of its Bitcoin reserves, cashing out $87.1 million to invest in AI data centers.

Renowned trader Killa stated in a social media post that Bitcoin has been consolidating sideways at the bottom for two months before rallying 27%, yet the market remains in disbelief. There is no inherent reason for the gap below to be fully filled, he explained. The gap initially formed due to the liquidation of roughly $6 billion in short positions—this is only the publicly visible liquidation data in the market. Against this backdrop, the gap does not need to be fully filled, and it is highly unlikely that it will be. During the rally at the end of 2022, only partial gap fills were observed at most, and even those were quickly bought back. If a similar situation plays out this time, BTC could test the $70,000 level, though this is not a certainty. Technically, Killa does not believe Bitcoin will return to his entry point for his 2x long position at $62,600, nor even to the average spot price he publicly shared of $65,800. The worst-case re-test scenario would be slightly below $70,000, potentially around $69,000, if some form of market capitulation occurs. No significantly deeper pullback is expected beyond that, and even that scenario would be a stretch. BTC is very likely to easily defend the $73,000–$75,000 range before ultimately rallying further toward $85,000.

According to Bloomberg, prediction market platform Polymarket has appointed its first Chief Financial Officer (CFO), Warren Jenson, a move viewed as a key step to catch up with rival Kalshi as the company pursues a new round of investment and seeks to rebuild growth momentum. Jenson officially joined Polymarket this week, bringing prior senior finance roles at media research firm Nielsen and martech company LiveRamp. The 69-year-old Jenson boasts decades of financial management experience, while Polymarket’s founder and CEO Shayne Coplan is just 28 years old. Bloomberg notes that Polymarket has recently fallen behind in competition with its main rival Kalshi, prompting the firm to seek new funding and revitalize its development momentum. The hiring of its first CFO signals Polymarket is further strengthening its financial management system in preparation for subsequent financing and business expansion. Polymarket has already secured large-scale financing in the past: in early September, 1789 Capital, a firm where Donald Trump Jr. serves as a partner, led its roughly $1 billion funding round, which valued Polymarket at around $21 billion upon deal completion. Notably, Polymarket has continued expanding its business recently, launching a social feature called Squads on September 8 that integrates group chat functionality into its prediction market platform.

According to an official statement from Bitget, the crypto exchange has completed a full upgrade to its U.S. stock market data feed, officially integrating Nasdaq’s official data sources, making it the first crypto trading platform in the industry to adopt this data standard. Compared to its previous data model, Nasdaq’s official data delivers more accurate and timely market data to users, while maintaining better price stability and continuity amid sharp market volatility. To further ensure data quality, after integrating the official data, Bitget has built a multi-layered safeguard mechanism based on official metadata, covering data processing, real-time monitoring, quality comparison, simulation verification, and abnormal data filtering. As a core data service provider long relied on by global financial markets, Nasdaq’s data standards have been validated over years in the traditional finance sector. This upgrade also marks Bitget’s further advancement in building its global asset trading infrastructure. As its product offerings expand from digital assets to global assets including U.S. stocks, the platform will continue to enhance its underlying data, liquidity, and risk management capabilities, while introducing more mature institutional-grade market standards. It aims to deliver a more stable and efficient cross-market trading experience for both retail and institutional clients, and further strengthen the overall competitiveness of its panoramic trading platform (UEX).

Crypto KOL Bonk Guy has once again hyped USELESS on social media, claiming that USELESS is "the memecoin of this bull run" and is basically destined to reach a market cap of billions of dollars. During the recent downturn, numerous new holders have also flocked to USELESS. Ahead of Q4, every pullback in this price range represents a buying opportunity. Notably, GMGN data shows USELESS has dropped 23% from its all-time high set yesterday. Meanwhile, impacted by PONS’ decline, Bonk Guy’s personal meme wallet assets have shrunk by $5.07 million over the past 24 hours; he holds 15.8 million USELESS and 10.9 million PONS. BlockBeats Note: Meme coin trading is extremely volatile, largely driven by market sentiment and concept hype, with no actual value or use cases. Investors should be aware of the risks.

According to Osmosis officials, the solution proposal developed to address the earlier Nomic chain nBTC incident has been released and is now open for community discussion. Per the proposal, the Osmosis governance community will consider seizing the previously frozen attacker assets and using BTC held in the community fund pool to cover the remaining collateral gap, with the goal of restoring full collateral support for Alloyed BTC. The proposal still requires governance discussion and voting; asset seizure or collateral replenishment has not yet been completed.

According to EmberCN’s monitoring, a whale today continued a cross-chain purchase of 544.5 BTC via THORChain, valued at roughly $42.43 million. As of now, the whale has converted 60.37 million USDC into 767.8 BTC via THORChain over the past two days, with an average purchase price of approximately $78,628.