Jahnu Jagtap

Key Highlights Bitcoin fell to about $78,500 at 15:06 UTC, reversing an earlier move to an intraday high near $79,742. The U.S. Treasury will buy back up to $6 billion of 10-to-20-year securities on September 10, triple the size of its previous operation in that maturity sector. The benchmark 10-year Treasury yield reached 4.8528%, its highest since November 2023, while the 30-year yield moved back above 5.3%.

Key Highlights Kalshi loses its emergency appeal bid, allowing Utah to enforce its anti-gambling laws against the platform. States are gaining ground in court, with states winning 35 of 41 rulings involving prediction market injunctions and appeals. The Supreme Court could decide the bigger fight, as New Jersey asks whether states can regulate sports contracts offered by prediction markets.

Key Highlights Ethereum traded at $2,489.35 as of 16:12 UTC on September 8, after reaching an intraday high of $2,507.32 and a low of $2,440.45. ETH remains above its 20-, 50-, 100- and 200-day EMAs, while the 20-day EMA at $2,394.42 reinforces the lower end of its current consolidation. A sustained breakout above $2,500-$2,510 could open a move through $2,600 and $2,700 toward the $2,800 upside target plotted on the daily chart.