What you need to know

• Google’s rolling out an update for Gmail that brings a new “Purchases” tab just in time for the holidays.
• This new tab will only display your purchases/orders and tracking information with the “Arriving Soon” section at the top like your inbox.
• Gmail is also updating its Promotions tab, adding a way for users to leverage what’s most important and “timely” offers quicker.

Google’s starting to roll out an update for Gmail that might make it easier to manage all those packages this holiday season.

There are two features on the way in this new update, as Google Keyword post explains those key details. Arriving in Gmail’s sidebar (in app and on PC), users will notice a new “Purchases” email label. Google states tapping Purchases will give you a “bird’s eye view of all your upcoming package deliveries in one simple, organized list.” From this view, users will find an “Arriving Soon” section at the top, similar to what you’d find in your primary inbox.

This is reserved for packages that should be delivered within the next 24 hours. Below that, users will find the list of emails containing those tracking details and order confirmation. This update is rolling out today (Sep 11) for all personal Gmail accounts, so keep your eye out for it.

Additionally, Google says the “Arriving Soon” section in your primary email, as well as tracking details within order emails themselves, will not leave.

The second update concerns Gmail’s “Promotions” tab. This tab will now offer a “nudge,” bringing up promotions and discounts that are timely, so you’re in the loop. More than that, a new sorting option, “Most Relevant,” is on the way, which Google says pushes Gmail to display promotions from brands you’re more likely to engage with. Users can sort by “most recent,” too, if you’re interested in just seeing the emails as they arrive.

Gmail for the holidays

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Google, Gmail, and the holidays seem to be a regular thing as of late, as even last year, an update rolled out to help users avoid scams. The company implemented a new AI model in Gmail in December last year to determine what’s a scam and what isn’t. Google said its AI models were successful in blocking ~20% more scam attempts and are also reviewing 1,000 times more user-reported spam events.

These protections are still in place, and Google still encourages users to be vigilant on their own.

A Gemini update for Gmail arrived this year, making it way easier to take important dates and events from an email and put them into Calendar. If Google’s AI detects a date within an email, an “add to calendar” button will appear for convenience. The AI will automatically create an event centered around it, leaving you the choice of further editing that newly created event for clarity.

• SOL price started a fresh upward move above the $212 and $215 levels against the US Dollar.
• The price is now trading above $215 and the 100-hourly simple moving average.
• There is a bullish trend line forming with support at $222 on the hourly chart of the SOL/USD pair (data source from Kraken).
• The pair could extend gains if it clears the $225 resistance zone.

Solana Price Eyes More Gains

Solana price started a decent increase after it found support near the $205 zone, beating Bitcoin and Ethereum. SOL climbed above the $212 level to enter a short-term positive zone.

The price even smashed the $218 resistance. The bulls were able to push the price above the $220 barrier. A high was formed at $226 and the price is consolidating gains above the 23.6% Fib retracement level of the upward move from the $199 swing low to the $226 high.

Solana is now trading above $215 and the 100-hourly simple moving average. There is also a bullish trend line forming with support at $222 on the hourly chart of the SOL/USD pair.

On the upside, the price is facing resistance near the $225 level. The next major resistance is near the $232 level. The main resistance could be $235. A successful close above the $235 resistance zone could set the pace for another steady increase. The next key resistance is $245. Any more gains might send the price toward the $250 level.

Downside Correction In SOL?

If SOL fails to rise above the $225 resistance, it could start another decline. Initial support on the downside is near the $222 zone and the trend line. The first major support is near the $212 level or the 50% Fib retracement level of the upward move from the $199 swing low to the $226 high.

A break below the $212 level might send the price toward the $205 support zone. If there is a close below the $205 support, the price could decline toward the $200 support in the near term.

Technical Indicators

Hourly MACD – The MACD for SOL/USD is gaining pace in the bullish zone.

Hourly Hours RSI (Relative Strength Index) – The RSI for SOL/USD is above the 50 level.

Major Support Levels – $222 and $212.

Major Resistance Levels – $225 and $235.

08 September Bitfinex alpha | BTC will integrate ahead of potential Q4 strength as bond markets are distorted

Bitcoin is stable between $108,000 and $112,000, with buyers defending key support zones and filling the air gap left up until July’s Rapid Rally. Deeper corrections are still possible, but the result is time-based integration, especially when it serves as a cyclical lower point than the historically strong Q4. The profitability of short-term holders has been normalized, leaving profits from 42% to 58% of this cohort, but ETF inflows have been slowed sharply in both BTC and ETH. The demand for this cooling facility sees convictions of stronger spots in BTC compared to the combination of directional flow and arbitrage activity that characterizes ETH, but highlights the market’s dependence on fresh catalysts.

Seasonality adds weight to the current integrated narrative. August fell 6.5% and closed in line with a historically weak profile, but September was traditionally the softest month with an average return of 3.3%. That said, the “September Red” effect has recently faded, with the fourth quarter seasonality historically strong, with October and November earning a large average profit.

If the Fed sees interest rate cuts in September, actual yields and low dollars can amplify the seasonal benefits of BTC and set up a phase of updated momentum. Until then, integration remains a basic case due to ETF flows, macro policy shifts, and placement of derivatives that act as key signals to monitor.

The US economy is putting pressure on weaker labor data, bond market tensions, and political conspiracies around the Fed converge. The August Employment Report on Friday, September 5th revealed a payroll growth of just 22,000, bringing the unemployment rate to 4.3% in nearly four years. Softness will strengthen expectations for Fed rate reductions at its September 16th-17th meeting, but sticky inflation complicates the decision. The bond market reflects tension. Short-term yields have fallen to expectations of interest rate cuts, but remained close to 5% in 30 years, indicating investors’ concerns and financial reliability over the deficit. This cut has skyrocketed the curve, increasing long-term borrowing costs and burning flights to gold. President Trump rejects federal government governor Lisa Cook, exacerbating the challenge by threatening new EU tariffs, encouraging investors to weigh not only economic fundamentals but also increasing uncertainty about the Fed’s independence and the direction of US policy.

In the meantime, the global crypto landscape is changing as regulators and markets move towards a more clear framework. In the United States, the Securities and Exchange Commission and the Commodity Futures Trade Commission issued a rare joint pledge to more closely coordinate the monitoring of digital assets on Friday, September 5th, covering spot crypto products, permanent contracts, portfolio margins, and clearer rules of definitions.

The September 29th joint roundtable has moved this agenda forward, further strengthening it by the 2025 Responsible Financial Innovation Act. The bill also introduces measures to protect and clarify Defi developer status, decentralized physical infrastructure networks, airdrops, and staking rewards. He also directs research into tokenized real-world assets. Together, these moves show Congresses and regulators working together to strengthen the US competitiveness in the digital market. Institutional trust in Solana is also increasing. Last weekend, Sol Strategies announced it had secured approval for its uplist to Nasdaq under ticker Stke, a company milestone focused on Solana, which surpasses its CAD $1 billion mandated assets and owns a treasury of nearly 400,000 Sols. Meanwhile, the South Korean Financial Services Commission issued swept lending rules on September 5, 2025, emphasizing aggressive push to curb interest rates, ban radical loans, limit eligible tokens to maximum assets, protect investors and stabilize the domestic market.

]]> https://earlybirdsinvest.com/bitfinex-alpha-btc-will-integrate-ahead-of-potential-q4-strength-as-bond-markets-are-distorted/feed/ 0 57702 https://earlybirdsinvest.com/asia-morning-briefing-bitcoins-calm-masks-market-tension-ahead-of-fed-and-cpi/ https://earlybirdsinvest.com/asia-morning-briefing-bitcoins-calm-masks-market-tension-ahead-of-fed-and-cpi/#respond Wed, 10 Sep 2025 03:17:01 +0000 https://earlybirdsinvest.com/asia-morning-briefing-bitcoins-calm-masks-market-tension-ahead-of-fed-and-cpi/

Good Morning, Asia. Here’s what’s making news in the markets:

Welcome to Asia Morning Briefing, a daily summary of top stories during U.S. hours and an overview of market moves and analysis. For a detailed overview of U.S. markets, see CoinDesk’s Crypto Daybook Americas.

BTC is pinned near $111,000 with volatility compressed to multi-month lows, the kind of calm that tends to precede decisive moves. Traders know what could break the lull: September’s U.S. inflation data and the Fed’s rate decision a week later.

Prediction markets are leaning heavily toward easing. Polymarket bettors are assigning an 82% chance of a 25-basis-point cut on Sept. 17, leaving only slim odds for a deeper move or no change. Beyond that, October expectations are fractured, with nearly even probabilities for another cut or a pause. That divergence explains why volatility, though absent now, is unlikely to stay that way.

“Markets often look calm just before they move. Bitcoin is trading in one of its tightest ranges in months, and volatility across crypto has compressed to multi-month lows,” said Gracie Lin, OKX Singapore CEO. “With U.S. inflation data like Core CPI out on Sept. 11 and the Fed’s much-anticipated rate decision just ahead, this quiet period is setting the stage for the next decisive move. Whether the catalyst is an upside inflation surprise or a dovish signal from the Fed, what’s clear is that the absence of volatility is rarely permanent in digital assets; history shows the market will find its next direction soon enough.”

If a cut pulls money-market returns lower, the opportunity cost of sitting in cash rises, which is the pivot market maker Enflux says could send flows toward crypto.

“The real debate now is not if cuts come, but whether liquidity deployment shifts into BTC, ETH, and even riskier assets,” the firm told CoinDesk.

In other words, the Fed’s cut may grab headlines, but the real trade is whether sidelined cash rotates into digital assets — a shift that could fuel the return of volatility.

Market Movement

BTC: Bitcoin has dipped slightly intraday, trading between approximately $110,812 and $113,237, reflecting short-term volatility amid shifting investor sentiment and broader crypto market dynamics.

ETH: ETH is modestly up intraday, with a range between roughly $4,279 and $4,379, signaling steady demand and some renewed investor interest. Range, however, is limited with modest ETF flows and traders awaiting the Fed’s next move.

Gold: Gold is rallying to record highs, fueled by mounting expectations of U.S. Federal Reserve interest rate cuts, a weakening U.S. dollar, and renewed safe-haven demand.

Nikkei 225: Asia-Pacific stocks opened mostly higher Wednesday, with Japan’s Nikkei 225 up 0.2%, as investors awaited China’s August inflation data showing an expected 0.2% CPI drop and a smaller 2.9% PPI decline.

S&P 500: U.S. stocks closed at record highs Tuesday, with the S&P 500 up 0.27% to 6,512.61, as investors looked past a record payroll revision that cut 911,000 jobs from prior figures.

Elsewhere in Crypto

• OpenSea Teases SEA Token With Final Phase of Rewards Amid App Launch (CoinDesk)
• California Man Sentenced in $36.9M Crypto Scam Tied to Infamous Huione Group (CoinDesk)
• Collector Crypt drives $150 million in randomized Pokémon card trades as CARDS token soars (The Block)

XRP goes big in New York

The top U.S. exchange, Gemini, is making the most of its XRP product with a new billboard in the heart of the Big Apple.

• “Spend Dollars, Earn XRP.” That is the message behind the exchange’s massive new billboard in the USA’s biggest city.

Founded by the Winklevoss brothers, the U.S. cryptocurrency exchange has really upped its advertising game for its new XRP card, launched earlier this week. As U.Today reported, this helped Gemini briefly overtake its biggest competitor, Coinbase, on Apple’s App Store.

• Success is questionable. Gemini cards received a mixed response from the XRP community.

Some XRP enthusiasts criticized Gemini’s solution for not really bringing anything new to the table. Despite the negativity, a bunch of Ripple executives and CEO Brad Garlinghouse in particular were not against showing off their XRP cards, which were launched in partnership with the enterprise blockchain company.

Ignoring the backlash from the community, the latest ad campaign shows that Gemini is serious about staying competitive in the U.S. crypto exchange market and sees XRP as a valuable asset in its efforts to compete with Coinbase, Kraken and Binance U.S.

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Star investor Ray Dalio reveals why crypto is real alternative to dollar

The hedge fund veteran says the clock is running out on what he calls the “big debt cycle.” Interestingly, cryptocurrencies — Bitcoin in particular — are at the center of attention, just as Satoshi Nakamoto designed it to be in 2008.

The star investor points to crossroads. If banks step back, it will be the natural market forces that push interest rates higher. That could cool inflation. But it would push households and companies into default as debt would become harder to carry.

The flip side is printing more money through quantitative easing, which might keep the system alive but chips away at trust in fiat, and Dalio warns of a loop where rising debt forces even more money creation, eating into the dollar’s credibility as a safe store of wealth.

He still prefers gold but is also open to crypto, recently saying up to 15% of a portfolio could go into Bitcoin or gold for the best risk-return mix. Some may see it as a far cry from his earlier stance, but the sign that hard-capped assets like BTC are moving up the ladder in Dalio’s playbook is evident.

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Dogecoin rockets 617% in liquidation imbalance as DOGE bulls take $7 million hit

Dogecoin, the “meme coin king,” has started September with $8.11 million in liquidations, hitting bulls the hardest as the DOGE price plunges back to 21 cents.

• What happened? A whopping $8.11 million in liquidations were accounted for by Dogecoin in the last 24 hours, with $6.98 million coming from longs, while shorts lost just $1.13 million — a stunning 617% liquidation imbalance.

According to CoinGlass, this DOGE wipeout was part of a wider $371 million flush-out across the entire crypto market. It was the long positions that suffered the most, showing how fragile all the optimism was. In an evident display of how risky leverage can be in historically choppy September conditions, bulls took the biggest hit.

As market analysts point out, the $0.208 zone has been tested five times and is now seen as a critical support level for the coin. On the upside, $0.225 — a price that lines up with the 50-day moving average — stands as the first major resistance. If Dogecoin breaks above that, a stronger recovery might be in the cards. But there’s a chance that if it keeps being rejected, there could be more selling pressure.

• September promises to be busy. Usually, this month is one of the weakest for crypto, but will 2025 be any different for Dogecoin?

There are quite a few checkpoints that might have the answers you are looking for. The first thing to watch is the Federal Reserve’s policy meeting on Sept. 16-17, which is likely to have a big impact on crypto prices.

With the big picture still looking totally uncertain, it seems like Dogecoin’s next big move might have more to do with how global markets react to the Fed’s message than how much retail investors are feeling it.

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Stellar Lumens (XLM) extended its recent rally over the past 24 hours, climbing 3% as buyers absorbed heightened selling pressure and pushed the token into fresh resistance levels. Between Sept. 1 at 15:00 UTC and Sept. 2 at 14:00 UTC, XLM advanced from $0.36 to $0.36, with volatility of 5% underscoring active participation.

The asset found support at $0.35 following a brief wave of selling before consolidating in the $0.36 range. Resistance emerged around $0.37, where the market saw two rejection points, though trading volumes above the daily average of 31.2 million tokens signaled sustained institutional interest.

The bullish structure carried into the final hour of the session, when XLM gained 2% from $0.36 to $0.37. The move was bolstered by a volume spike of 2.7 million units at 14:00 UTC, enabling the token to briefly pierce the $0.37 ceiling before stabilizing above $0.36. The breakout reinforced the 24-hour trend and suggested buyers are building a foundation for further upside if volume momentum continues.

At the same time, leading South Korean exchanges Bithumb and Upbit said they will suspend XLM deposits and withdrawals beginning Sept. 3 at 09:00 UTC. The move is part of preparations for Stellar’s Protocol 23 upgrade, which aims to modernize network infrastructure and expand interoperability.

Protocol 23 has been framed as a step toward broadening Stellar’s utility for real-world assets, of which roughly $460 million are already circulating on the network. The synchronization of price gains with network enhancements highlights a growing narrative of enterprise adoption.

CoinDesk Data’s technical analysis model note that the consolidation above $0.36, combined with systematic accumulation around key support levels, points to ongoing institutional positioning that could pave the way for a sustained move beyond $0.37.

Market Analysis Reveals Strengthening Corporate Interest

• Price established fundamental support at $0.35 during heightened selling pressure on September 1, 21:00.
• Robust accumulation activity developed between $0.36-$0.36 following decisive market recovery.
• Resistance parameters identified at $0.37-$0.37 where price encountered dual rejection events.
• Trading volume increases above 24-hour average of 31.20 million validated institutional market participation.
• Asset maintaining consolidation within ascending price channel formation.
• Breakout potential above $0.37 resistance dependent upon sustained volume validation.
• Trading momentum accelerated during 13:35-13:46 session with decisive upward movement.
• Enhanced support structure established around $0.36-$0.36 price levels.

Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy.

US-based crypto ETFs have witnessed a change in dynamics in August, which has seen inflows tipping towards Ethereum ETFs. However, last week’s trend of strong inflows ended with substantial outflows on Friday, with Ethereum ETFs leading the retreat with $164.64 million and Bitcoin ETFs following with $126.64 million. This sudden reversal coincides with an interesting timing of stubborn inflation data that seems to have rattled institutional investors.

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A Sudden Reversal At Week’s End

According to data from Farside Investors, US-based Spot Ethereum ETFs ended the week with $164.64 million in outflows. The outflows came from Fidelity’s FETH with $51 million, Bitwise’s ETHW with $23.7 million, Grayscale’s ETHE with $28.6 million, and Grayscale’s ETH with $61.3 million. BlackRock, on the other hand, witnessed neither inflows nor outflows into its Spot ETH ETFs, alongside 21Shares, VanEck, Invesco, and Franklin Templeton Ethereum ETFs.

Friday’s outflows were a jarring departure from the steady gain that had defined Ethereum’s Spot ETFs since August 21. Ethereum’s six-day inflow streak, which had added about $1.876 billion, was brought to an abrupt end with the outflows on Friday. As a result, total assets under management for Spot Ethereum ETFs dipped to $28.58 billion.

Ethereum ETF Flow: Farside Investors

Meanwhile, Spot Bitcoin ETFs also recorded their first daily decline since August 22 with $126.64 million in outflows on Friday. As a result, their total assets under management dropped to $139.95 billion.

However, not every issuer felt the pressure with Bitcoin. Fidelity’s FBTC led the exodus with $66.2 million, followed by ARKB’s $72.07 million and GBTC’s $15.3 million in outflows. On the other hand, BlackRock’s IBIT still managed $24.63 million in inflows and WisdomTree’s BTCW drew in $2.3 million amid the wider outflows. 

Bitcoin ETF Flow: Farside Investors

The underlying cause of the outflows can be attributed to investors digesting the latest data on inflation released on Friday. Notably, the US core Personal Consumption Expenditures (PCE) index climbed 2.9% year-over-year in July, the fastest pace since February, creating fears that the Federal Reserve may hold off on rate cuts.

What May Lie Ahead This Week

As a new trading week begins, Spot ETF flow in both Ethereum and Bitcoin is likely to depend on how investors continue to interpret the data. If inflation pressures persist, institutional investors may retreat further at the beginning of the week. However, any signs of cooling could see inflows resume mid-week, particularly into Ethereum, where fundamentals are currently favorable.

On the price side of things, Bitcoin’s hold above the $108,000 price may offer some relief. However, it needs to stay above $110,000 in order for any upside move to gain momentum. At the time of writing, Bitcoin is trading at $109,910.

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For Ethereum, a daily close above $4,500 could confirm the return of bullish confidence, whereas a slide below $4,400 might signal further weakness. At the time of writing, Ethereum is trading at $4,470, up by 1.7% in the past 24 hours.

Featured image from Unsplash, chart from TradingView

Crypto firm has entered into a credit agreement with crypto exchange Gemini ahead of the latter’s initial public offering (IPO). The crypto exchange revealed the details of this agreement in its IPO filing, with the amount expected to be used to finance some costs that may arise during the public offering.  

Details Of Ripple’s Agreement With Gemini

In its IPO filing with the SEC, Gemini revealed that it entered into a credit agreement with Ripple in July. Under the agreement, the crypto exchange can make lending requests of no less than $5 million each, and up to an aggregate commitment amount of $75 million. Furthermore, the initial commitment of $75 million can be increased or decreased from time to time, subject to the attainment of certain metrics that both parties have agreed on. 

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However, the aggregate commitment of the credit agreement between Gemini and Ripple cannot exceed $150 million, meaning that is the maximum credit that the crypto exchange can request from the crypto firm. Once Gemini exceeds the initial commitment of $75 million, then it will need to make lending requests in the form of Ripple’s RLUSD stablecoin, which the crypto firm has to consent to. 

Gemini revealed that all its lending requests under the Ripple credit agreement must be secured by collateral. It shall also bear an interest rate per annum of 6.50% or 8.50% and must be repaid in USD. Although some details were redacted, the crypto exchange indicated that it has also received some amount from Ripple under the agreement. 

With this, Ripple has become a major backer for Gemini’s IPO, which is expected to take place soon. Notably, the crypto exchange’s financials in the IPO show that it posted net losses over the quarters that span back to March 2023. In just the first half of this year alone, Gemini has recorded a net loss of $282 million. 

Details Of The Gemini IPO

With Ripple’s backing, Gemini plans to offer shares of its Class A common stock, although it has yet to reveal how many shares will be available in the IPO. The crypto exchange has yet to provide details on how much these IPO shares are likely to sell for each. However, it revealed that it has applied to list these Class A common stock on the Nasdaq stock market under the symbol “GEMI.”

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Furthermore, the lead underwriters for the Gemini IPO are Goldman Sachs and Citigroup, with support from other firms such as Morgan Stanley and Cantor. Gemini’s IPO plans follow the successful execution of crypto exchange Bullish’s IPO, in which the exchange raised $1.15 billion after selling its shares for $37 each. Gemini will be looking to record similar success, considering the massive crypto demand among traditional finance (TradFi) investors.

Featured image from Getty Images, chart from Tradingview.com