Bitcoin, Ethereum and XRP hold above major support levels, Worldcoin leads AI token gains

• Bitcoin, Ethereum trade above key supports at $65,000 and $2,600 as of Friday.
• XRP is correcting slightly, holding steady above $0.5892.
• Worldcoin climbs 3% as Polymarket bet shows a 66% chance OpenAI will become a “for profit” entity before April.

Bitcoin, Ethereum and XRP Updates

• Bitcoin is trading at $65,281 early Friday. The largest asset by market capitalization notes gains of 0.16% on the day. Bitcoin Spot ETFs have seen consecutive positive inflows over the past six days, according to data from Farside Investors. Thursday grosses totaled a record $365.70 million.
• Ethereum held steady above support at $2,600. Vitalik Buterin, the founder and creator of Ethereum, recently started giving support to Layer 2 projects with a shout out on his X account. Celo, an Ethereum Layer 2 chain, earned a mention in a recent tweet by Buterin. Celo surpassed Tron in daily active addresses for stablecoin usage in mid-September, according to Artemis data.

• XRP remains above support at $0.5888 on Friday. Altcoin holders are digesting the $125 million fine, even though the final decision in the lawsuit was considered a partial victory for Ripple. The monetary fine signals regulatory gaps and challenges.

Chart of the Day: Shiba Inu (SHIB)

Shiba Inu traded up $0.00001940, its highest level since July 18th on Friday. The meme coin could extend gains by another 6.51% and climb to $0.0000 in 2017, the July 16 peak and a key resistance level for the asset.

Moving Average Convergence Divergence (MACD), a momentum indicator supports the winning thesis for SHIB as it flashes green histogram bars above the neutral line.

SHIB/USDT Daily Chart

Shiba Inu could find support in the Fair Value Gap (FVG) between $0.00001576 and $0.00001855 if there is a price correction for the meme coin.

Market updates

• Ebi.xyz, a perpetual DEX built on Arbitrum One, has announced a delay in the release of the highly anticipated Hamster Kombat Airdrop Claims. The project cited increased traffic from millions of users transacting on the platform. All affected users will receive 50,000 EBI points each, according to the announcement.
• Binance CEO Changpeng Zhao is set to end his prison term on Friday, according to a Fortune report.
• Options data shows that 89,000 BTC and 718,000 ETH options are set to expire on September 27. The notional value of expiring options is over $7.7 billion.

Industry updates

• Athena Labs has announced a new product offering UStb, an asset that will be guaranteed by BlackRock and Securitize BUIDL, according to an official announcement.

• The Celestia crypto project faces criticism for the Foundation’s OTC sales for failing to make the necessary disclosures to the community. Project allegedly disguised coin sales as funding news, according to chain analyst @Ericonomic

• Telegram Wallet to soon suspend the in-app wallet function for UK residents, the project needs to register with the Financial Conduct Authority (FCA) to obtain relevant licenses to support wallets for UK users.