Latest Crypto News and Market Updates – September 10

1. AI market analysis: Altcoin season kicks off

BTC and ETH face a tense short-term battle with bears. Bitcoin struggles near the $113K resistance as selling pressure dominates. ETH shows buying demand but remains under short-selling pressure. Market sentiment is in “wait-and-see” mode. Capital is starting to rotate from majors into altcoins, signaling the start of altcoin season.

2. BTC and ETH consolidate, SOL shows strength

Bitcoin and Ethereum continue to trade sideways, while Solana (SOL) stands out, hitting a short-term peak at $215 — still below its all-time high of $295.

3. MYX volatile with sharp rebound

MYX saw wild price swings, bouncing strongly after multiple drops. Now trading at $15.9, it ranks 39th by market cap, surpassing ONDO and ARB. International communities mock its fundamentals, calling it “a pure pump & dump token.”

4. Worldcoin (WLD) surpasses $2 again

Dubbed the “Light of AI,” WLD pushed past $2 once more and is nearly carrying the market single-handedly. It recently retested its previous $12 high, reflecting renewed strength across AI coins.

5. HYPE holds firm at $53

HYPE remains solid at $53, with the stablecoin narrative still driving strong momentum.

6. Linea launches TGE today

Linea is launching its TGE with a pre-market price of $0.027 after a week of accumulation. Heavy sell pressure may emerge at launch, so caution is advised with early volatility.

7. ENA steady at $0.82, USDe listed on Binance

ENA trades at $0.82, while its stablecoin USDe was just listed on Binance. Supply is expected to expand, with yields above 6% annually making it attractive.

8. DOGE set for first U.S. ETF

Dogecoin could see its first U.S. ETF launch as early as Thursday — a major milestone for DOGE adoption.

9. Crypto treasury hype cooling down

Bloomberg reports that the “crypto treasury craze” is fading. Strategy and Metaplanet stocks fell after their recent rally phases.

10. Other highlights

 - FourMeme and Sidekick launched a Web3 livestreaming project on BNB Chain.

 - Boyaa Interactive in Hong Kong plans to issue over HKD 441M in shares, with 90% allocated to BTC purchases.

 - NFT market still weak: Christie’s shut down its NFT division, which once sold Beeple’s “5000 Days” for $69.3M.

 - Gemini IPO: The exchange aims to list on Nasdaq this week under ticker GEMI, with Nasdaq also being a strategic investor.

Overall: The market is shifting from majors to altcoins, with SOL, WLD, and HYPE standing strong. Macro news like DOGE ETF and Linea’s TGE are key catalysts to watch.

Disclaimer: The content above reflects the author’s personal views and does not represent any official position of Cobic News. The information provided is for informational purposes only and should not be considered as investment advice from Cobic News.