Circle Internet Group Inc (CRCL stock) surged more than 15% to hover above $103 ahead of today’s US jobs data release.
The crypto capitalization rose 4.15% in 24 hours, topping at 2.73 trillion early Friday.
Bitcoin price surged to over $81,000, Ethereum price stood at around $2,524, and XRP price at $1.45. Those gains added force to the demand from companies that are connected to the adoption of digital assets, one of them being the USDC issuer Circle.
US Jobs Data Drops Today; What’s Next for CRCL Stock The August employment report is released at 8.30 a.m. ET, preceding usual US equity markets.
Economists expect 56,000 payrolls, reversing July’s unexpected 23,000 decline. Unemployment level must be at 4.1, with not much momentum in hiring.
🇺🇸US JOBS DATA DROPS TODAY
The Non-Farm Employment Change drops at 8:30 AM ET.
Previous: -23K
Forecast: +56K
After a surprisingly weak July, markets are expecting a rebound in hiring.
This is one of the biggest macro releases for Bitcoin today.
A major miss could strengthen… pic.twitter.com/OoEKBdFqqv
— That Martini Guy ₿ (@MartiniGuyYT) September 4, 2026
Any payroll miss would rekindle expectations of rate cuts and undermine Treasury yields or the dollar.
Nonetheless, a robust reading may boost yields and the dollar, straining speculative assets.
Unemployment of less than 4.0% to some traders is considered bullish, whereas 4.1% can receive a weak response.
REMINDER:
🇺🇸 Unemployment Rate will be released at 8:30 AM ET, right before the U.S. market opens:
If Rate < 4.0% → bullish for markets
If Rate = 4.1% → markets will stay flat
If Rate > 4.2% → bearish for markets
All eyes are on the release today!! pic.twitter.com/2NnO2Z6NDj
— ᴛʀᴀᴄᴇʀ (@DeFiTracer) September 4, 2026
A reading of above 4.2% can provoke growth worries, but less virulent policy anticipations can ameliorate losses.
CLARITY Act Boosts Sentiment Crypto strength favoring Circle is that the USDC activity and reserve economics have a bearing on the earnings.
Circle makes significant profits through interest on reserves in support of USDC, which connects outcomes to rates and circulations.
Greater activity can lead to a greater use of networks and strengthening distribution alliances with the company.
The increased market will enhance transactions, liquidity, and institutional demand of regulated stablecoins.
Another stimulus came in the form of regulatory expectations with the CLARITY Act coming before a Senate vote. A cloture vote is scheduled for September 15 and needs 60 votes.
The bill would not pass the vote, but it would be possible to approve federal market-structure rules.
Better defined SEC and CFTC roles can lead to less uncertainty among exchanges, issuers, and blockchain enterprises.
In the case of Circle, broader regulatory assurance would favor USDC adoption, but distinct regulations currently govern stablecoins. The measure can still be held up by congressional scheduling and policy wrangles.
CRCL Stock Price Outlook: Will Bulls Push Higher? The CRCL stock is being resisted at around $105 and profit taking may commence just after the quick upsurge.
A confirmed break above $105 might reveal $110 and $120 in case the crypto momentum and volume are good.
To maintain the breakout and constructive short-term structure, bulls would need to defend $100.
CRCL stock The next support is around $95 below $100, which also precedes the $88.60 closing area on Thursday.
A drop in volume or rejection that could be below $100 would undermine the setup and promote caution.
Ethereum price rebounded nearly 6% from its 24-hour low to trade near $2,524 on Sept. 4, but the recovery has brought ETH back to a resistance zone that has rejected several breakout attempts.
Summary
Ethereum price recovered from about $2,370 to above $2,520 within 24 hours. The 4-hour RSI rose to 66.87 as ETH approached the upper Bollinger Band. Liquidation clusters sit near $2,540–$2,550 and between $2,485 and $2,490. A weekly close above $2,550 could open a path toward $3,000, according to analyst Ted Pillows. Ethereum price rebounds toward $2,550 According to data from crypto.news, Ethereum (ETH) price was trading around $2,524 at the time of writing, up approximately 5.7% over the previous 24 hours. The rebound followed a fall to roughly $2,370, leaving ETH about 6.5% above its intraday low.
The recovery coincided with a broader crypto rally that lifted Bitcoin above $81,000. US markets also moved higher after Federal Reserve Governor Christopher Waller said he could support keeping interest rates unchanged if inflation continued to ease.
Waller’s comments reduced expectations for a rate increase at the Fed’s Sept. 15–16 meeting. Treasury yields and the US dollar declined as traders adjusted their interest-rate positions.
Weak US employment data added to the shift. The ADP National Employment Report showed private employers created 38,000 jobs in August, below economists’ estimate of about 47,000. The reading gave rate-sensitive assets further room to recover before the official US employment report.
Despite the rebound, ETH has not confirmed a breakout. The price reached an intraday high of approximately $2,547 before returning below $2,550, leaving the same resistance that stopped earlier advances intact.
Whale transfers add supply risk Blockchain tracker Lookonchain reported that one large holder received 167,855 ETH, then began transferring the tokens toward centralized exchanges.
The wallet deposited 70,739 ETH, worth approximately $174 million at the time, into several exchanges over two days. It still held 97,115 ETH, valued at nearly $237 million, when the activity was reported.
Exchange deposits can precede sales, but transfers alone do not prove that every token was sold. The remaining balance also means that reports that the holder fully liquidated the entire 167,855 ETH position are not supported by the available on-chain data.
The transfers nevertheless created a potential source of market supply as ETH struggled around $2,550. Continued deposits could pressure the recovery, particularly if the price loses its short-term support levels.
US spot Ethereum exchange-traded funds have provided another source of demand. The products recorded $141.39 million in net inflows on Sep. 3, according to data attributed to SoSoValue.
Technical indicators favor buyers below resistance The 4-hour ETH/USDT chart shows the price trading at $2,523.79, close to the Bollinger Band’s upper boundary at $2,544.17. The middle band, which tracks the 20-period simple moving average, stands at $2,444.67.
Ethereum price 4-hour chart — Sep. 4 | Source: crypto.news Ethereum’s 4-hour relative strength index has risen to 66.87, while its RSI moving average sits at 50.18. Momentum therefore favors buyers, but the indicator is approaching the 70 level commonly associated with overbought conditions.
A close above the upper Bollinger Band and $2,550 would strengthen the breakout case. The next visible resistance zones would sit near $2,600 and $2,700 before the psychological $3,000 mark.
Failure at $2,550 would keep $2,500 as the first level to watch. Below it, the Bollinger Band midpoint near $2,445 could serve as the next support, followed by the lower band at $2,345.
The daily chart offers a stronger medium-term signal. ETH remains above its Supertrend line at $2,223.45, while Chaikin Money Flow stands at 0.24. A positive CMF reading indicates that buying pressure has exceeded selling pressure over the indicator’s measurement period.
Ethereum price daily chart — Sep. 4 | Source: crypto.news Losing $2,445 would weaken the short-term recovery without ending the broader daily uptrend. A move below $2,345 would place the recent low near $2,370 and the wider $2,300 support area at risk.
Liquidation map puts $2,550 in focus The 24-hour CoinGlass liquidation heatmap shows one of the nearest overhead liquidity concentrations between approximately $2,535 and $2,550. A move through that band could force leveraged short positions to close, adding buying pressure to a confirmed breakout.
Ethereum liquidation heatmap | Source: CoinGlass The strongest nearby downside concentration appears around $2,485–$2,490. Additional liquidation bands are visible near $2,460 and $2,400.
The map therefore places ETH between two close pools of leveraged exposure. A break above $2,550 could trigger a short squeeze, while a fall below $2,490 could accelerate a move toward $2,460.
CoinGlass reported approximately $115 million in ETH futures liquidations over the previous 24 hours. Open interest stood near $34.23 billion, showing that a large amount of leveraged positioning remained in the market after the recovery.
Analysts see $3,000 after a confirmed breakout Analyst Ted Pillows said ETH had tested $2,550 and faced another rejection. He argued that a weekly close above the level could allow Ethereum to move quickly toward $3,000.
Market commentator Lucky also described $3,000 as a possible longer-term target, pointing to a breakout from a descending channel and a successful retest visible on his chart. His projection called for a potential 56% advance, although the forecast depends on ETH retaining its reclaimed trend structure.
I honestly believe $ETH to $3K feels like a matter of time.
Ethereum is the backbone of crypto for a reason. It sits at the center of a massive part of the ecosystem, and when ETH starts moving aggressively, the broader market often follows.
The next few months have the… pic.twitter.com/rgSJP5AOiA
— Lucky (@LLuciano_BTC) September 4, 2026 Neither target is confirmed while Ethereum remains below $2,550. The immediate test is whether buyers can absorb selling around that level without allowing the price to fall beneath $2,490 and the 4-hour Bollinger midpoint.
For US traders, the official August jobs report and next week’s inflation readings could determine whether falling Treasury yields continue to support ETH. Stronger-than-expected data or renewed inflation pressure could restore rate-hike expectations and challenge the rebound.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
Iranian media: Missile attack hits US targets in northern Jordan
According to Tasnim News Agency, a source said that a loud explosion was heard in Jordan, and a U.S. target in northern Jordan was hit by a missile.
6 minutes ago
AMC CEO launches fresh attack on Robinhood; MEME token accelerates decline, falling below $40 million
AMC CEO Adam Aron once again targeted Robinhood on X, harshly criticizing the firm for promoting offshore stock tokens on its U.S. website. Aron alleges Robinhood is essentially evading the spirit of securities laws and operating an unauthorized synthetic market. In apparent reaction to the news, MEME has accelerated its decline, falling below $40 million in market capitalization to a current level of $38.82 million, per GMGN data.
6 minutes ago
Trump: Strong jobs data, yet the stock market is falling, and high interest rates are the culprit.
Trump released a post stating: "We just got outstanding jobs data. The market should rally given our improved credit and economic conditions, but as has been the case over the past 25 years, the stock market is falling anyway. This is because we live in a false reality where if things go well, we must 'kill it' out of 'fear' of inflation. It should be the opposite, and that is how things operated until 25 years ago. If we cling to this theory, we will never achieve the real economic prosperity our country deserves, because every time we perform well, foolish people immediately want to halt this positive upward momentum. Growth does not cause inflation! This morning, as soon as I saw these strong jobs numbers, I knew the market should have skyrocketed, but instead it dropped. Our GDP growth rate should be 15% to 20%, not 2%, 3% or 4%; the U.S. should be far more financially robust than it is now. Debt should be repaid, and all sorts of other benefits should be realized. Remember, every one percentage point increase in interest rates costs the U.S. $650 billion annually. We should adopt the lowest interest rates in the world, because we keep everything running and bring massive economic wealth to countries that might otherwise be struggling!"
6 minutes ago
US stocks have maintained low volatility for 25 consecutive days, marking the longest such stretch since May 1992.
According to market data, the CBOE Volatility Index (VIX), the benchmark gauge for U.S. stock market volatility tied to the S&P 500, has closed in the 14 to 17 point range for 25 consecutive trading days — the longest such stretch since May 1992. Over the past 34 years, the only comparable period occurred in 2025, with the streak lasting 24 trading days. Meanwhile, the S&P 500 has not posted a decline of at least -1.0% across 26 consecutive trading days, leaving the market in an unusually calm phase.
6 minutes ago
Hyperliquid will cut the minimum order notional amount for its prediction markets from $10 to $1.
Hyperliquid announced that in its upcoming network upgrade, it will lower the minimum notional amount for outcome orders (prediction market result token orders) from $10 to $1. Meanwhile, deployers will be able to query their remaining quota via the outcomeDeployerLimits information request interface.
6 minutes ago
Anthropic’s strategic deployment of in-house payment technology could erode Stripe’s market share.
Beating AI Express (from Dongcha) reports: Recent job postings reveal that Anthropic is planning to develop more in-house billing, fraud detection, and other financial infrastructure, while evaluating which payment-related services can be built internally instead of relying on external service providers. The postings show Anthropic has not yet finalized decisions on whether to further develop its own tools in areas including payments, billing, and tax processing, or continue procuring solutions from external providers. One senior software engineer position focused on billing requires assisting the company with technical selection: determining which business lines will continue development on external provider platforms, and which scenarios necessitate building their own underlying foundational modules around those external platforms.
Crypto-linked stocks jumped sharply as Bitcoin moved back above $81,000 and Ethereum climbed above $2,500. Strategy (MSTR) led the rally, rising 17.56% to close at $144.82, helped by its latest Bitcoin purchase and bullish Wall Street ratings.
Meanwhile, Bitmine Immersion Technologies (BMNR), one of the largest corporate holders of Ethereum, also surged more than 15%.
Strategy MSTR Stock Jumps 17.5%Sentiment turned bullish after Michael Saylor’s Strategy ended its 10-week buying pause and purchased 4,603 BTC for $370 million.
The company also spent $151.8 million buying back 1,557,177 STRC preferred shares, while $50.7 million went toward STRC dividend payments and another $30 million was added to cash reserves.
Following this, Bitcoin price jumped over 6%, and that gave MSTR stock another boost as investors continued to use the stock for exposure to Bitcoin.
Strategy received another boost from its partnership with Google Cloud, which includes a seven-city U.S. executive forum series focused on enterprise AI and secure database tools. The partnership adds a business growth angle beyond Bitcoin.
Meanwhile, B. Riley Securities raised its MSTR price target to $175, pointing to the long-term value of Strategy’s Bitcoin-focused treasury strategy.
Bitmine (BMNR) Stocks Jump 15% as ETH Price RallyMSTR is not the only crypto-linked stock gaining momentum. Bitmine Immersion Technologies (BMNR) shares jumped 14.70% to close at $26.45 as investors focused on the company’s growing Ethereum holdings.
While Strategy has become the leading corporate proxy for Bitcoin, BMNR is building a similar position around Ethereum. Last week, the company bought 53,501 ETH for $131.3 million, marking its largest purchase push since June.
The latest buying increased Bitmine’s total Ethereum holdings to 5.90 million ETH, bringing its total digital asset and cash holdings to around $15.6 billion. The company is also targeting ownership of 4.9% to 5% of Ethereum’s total circulating supply.
$4B Buyback Plan Adds to BMNR’s MomentumBMNR is also expanding its stock buyback plan. The company approved a fourfold increase in its share repurchase authorization to $4 billion, giving it more room to support its stock while growing its Ethereum treasury.
Its recent uplisting to the New York Stock Exchange has also helped attract deeper institutional liquidity, with its market-to-net asset value (mNAV) ratio currently around 0.94x.
Meanwhile, Ethereum also gained momentum, rising 5.5% to trade above $2,528. The ETH rally, combined with BMNR’s continued buying, is giving investors another reason to watch the Ethereum-focused company.
Story Ends Here
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Hargreaves Lansdown, one of the UK’s largest retail investment platform, has begun listing Bitcoin and Ethereum exchange-traded notes for eligible clients, ending a long period in which it stood apart from most rivals on crypto access.
From 3 September 2026, the firm made nine products available through its Advanced Investing service.
The notes are issued by BlackRock’s iShares, WisdomTree, 21Shares, Invesco, CoinShares and Bitwise.
Ongoing product charges sit between zero and 0.35 per cent a year.
The instruments trade on recognised exchanges and are designed to track bitcoin or ether prices without requiring investors to hold wallets, private keys or the coins themselves.
They can be held in a Fund and Share Account or a SIPP, but they are not eligible for a Stocks and Shares ISA.
The timing is notable. The Financial Conduct Authority (FCA) restored retail access to qualifying crypto ETNs in October 2025 after a four-year ban. Most large UK platforms moved relatively quickly.
Hargreaves did not. Only months earlier it had told clients that bitcoin was not an asset class.
Doug Abbott, the firm’s chief product officer, said the delay was deliberate.
The company wanted eligibility tests, appropriateness checks and other safeguards in “really good shape” before opening the door.
It also wanted “the right level of friction” so that clients understood they were buying a highly volatile product unsuitable for many portfolios.
Access is therefore restricted.
Crypto ETNs are treated as Restricted Mass Market Investments.
Clients must first self-certify as advanced investors, then complete an online appropriateness assessment.
A mandatory 24-hour cooling-off period follows before they can even view the available notes.
Two routes exist for eligibility: restricted investors who intend to keep high-risk holdings below 10 per cent of qualifying net assets (home, pension and certain insurance rights excluded), and certified high-net-worth individuals with income above £100,000 or net assets above £250,000 on the same basis.
The platform has reported a steady stream of enquiries, mainly from more experienced investors.
The products sit alongside other higher-risk offerings such as venture capital trusts and long-term asset funds.
That placement underlines the firm’s message: this is not a mass-market savings product.
Cryptocurrencies remain capable of large, rapid price swings. Investors can lose all the money they put in, and they should not assume they will be protected if things go wrong.Even so, the listing is a significant step for UK retail crypto access.
Hargreaves serves around two million clients and oversees more than £170 billion in assets. Until now it was the largest platform still refusing to offer these notes. Rivals had already listed similar vehicles after the FCA change.
Trading volumes on the London Stock Exchange rose after the ban was lifted, though they remain modest compared with some European venues.
The move does not mean Hargreaves now treats bitcoin or ether as core holdings. It is offering a regulated wrapper for clients who already want exposure and can pass the tests.
For those who qualify, the appeal is simplicity: buy and sell during market hours through an existing account, with custody handled by the product issuers rather than the investor.
Whether demand proves broad or remains confined to a sophisticated minority will become clearer over the coming months. For now, Britain’s biggest retail platform has joined the rest of the market—carefully, and with layers of friction still in place.
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4 September 2026 | 16:44 Bitcoin fell below $80,000 and Ethereum slipped under $2,500 after unexpectedly strong US employment data increased the prospect of tighter Federal Reserve policy.
Key Takeaways US payroll growth sharply exceeded expectations. Bitcoin retreated below the $80,000 level. Ethereum fell back beneath $2,500. Stronger employment raised interest-rate risk. August inflation remains the decisive test. Crypto reverses as payroll growth surprises markets Crypto prices gave back part of their earlier advance after the latest US employment report challenged expectations that monetary policy could soon become less restrictive.
Bitcoin traded near $79,440 at the time of writing, according to CoinMarketCap data, putting it back below $80,000. Ethereum fell to approximately $2,454 and surrendered the $2,500 level.
Zcash fell below $1,000 after the sharp advance examined in this recent Zcash price analysis. XRP, Solana and Chainlink were also lower in CoinMarketCap’s short-term reading. However, Bitcoin, Ethereum and several other assets remained positive over the preceding 24 hours.
The market was therefore reversing part of an earlier advance rather than entering a full-day collapse. That distinction matters after the broad recovery examined in the recent crypto market rally analysis. Holding that recovery now requires Bitcoin to reclaim $80,000 despite the increase in expected borrowing costs.
Broader crypto market
XRP
$1.41 – dropping from $1.46
Solana
$101.5
Zcash
$977
Chainlink
$11.6
US employers added 162,000 jobs in August The US Bureau of Labor Statistics reported that nonfarm payroll employment increased by 162,000 in August. Economists surveyed by Reuters had expected an increase of only 56,000.
Earlier estimates were also revised upward. June’s gain increased from 20,000 to 31,000, while July changed from a reported loss of 23,000 jobs to a gain of 21,000. The revisions added a combined 55,000 positions to the previous two months.
Unemployment remained at 4.1%, and labor-force participation edged up from 61.4% to 61.6%. Together, those figures showed that the labor market had performed considerably better than investors anticipated.
Wages supplied the report’s main moderating detail. Average hourly earnings increased by 0.3% during August and 3.1% from a year earlier. Stronger hiring therefore did not arrive with a new acceleration in annual wage growth.
Why the payroll surprise pressured crypto Employment data reach crypto through monetary policy rather than through Bitcoin’s underlying network or adoption. A resilient labor market gives the Federal Reserve more room to concentrate on inflation without needing to support employment by holding rates down.
That possibility can push short-term Treasury yields higher as traders demand greater returns from bonds maturing around future policy decisions. Higher yields make government debt more competitive with riskier assets, while tighter borrowing conditions increase the cost of maintaining leveraged positions.
The dollar can also strengthen when investors expect US rates to stay elevated. Because cryptocurrencies trade globally against the dollar, a stronger currency can make dollar-denominated assets more expensive for buyers outside the United States and produce less favorable liquidity conditions.
The synchronized decline across major tokens was consistent with a broader repricing of US interest-rate risk.
Warsh and Waller have left September unresolved That repricing matters because Federal Reserve officials entered the employment report divided over whether persistent inflation justified another increase.
Chair Kevin Warsh placed a September hike firmly in consideration during his official Jackson Hole address. Warsh said policymakers must be confident that inflation is returning to the 2% objective at sufficient speed. Otherwise, he said, the Fed had “work to do.”
Governor Christopher Waller took a more patient position in his September 3 remarks. He said recent inflation readings showed signs of improvement and that he would be inclined to support holding rates steady if the trend continued.
Waller nevertheless left room to vote for a hike if the August inflation data showed that the improvement had been temporary. He also said inflation, rather than employment, would heavily influence his decision because economic activity and the labor market were already in satisfactory condition.
Argument for raising rates
Strong employment gives the Fed room to address inflation without responding to immediate weakness in the labor market.
Argument for holding rates
Continued progress on inflation could justify waiting another meeting instead of tightening policy immediately.
The employment release gives officials favoring tighter policy additional support, but it does not settle the meeting.
Futures markets nevertheless leaned toward a hike. At the time of writing, the CME FedWatch Tool assigned a 60.2% probability to a 25-basis-point increase on September 16, which would lift the target range from 3.50%-3.75% to 3.75%-4.00%. The remaining 39.8% pointed to no change, with no probability assigned to a rate reduction.
CME FedWatch probabilities for the September 16, 2026 meeting. Captured September 4, 2026. FedWatch calculates its probabilities from 30-day federal funds futures, so the figures reflect market positioning rather than a Federal Reserve forecast. The 60.2% reading is the market’s pre-CPI baseline and could change substantially after the August inflation report.
August CPI becomes the key remaining test The next two dates
September 11: The Bureau of Labor Statistics publishes the August Consumer Price Index.
September 16: The Federal Reserve announces its decision after a two-day policy meeting.
A firm CPI reading would combine persistent price pressure with employment strong enough to give policymakers room to respond. That combination would reinforce expectations for a hike and could keep pressure on crypto through higher yields, a stronger dollar and more expensive leverage.
Softer inflation would weaken that interpretation. It would allow officials such as Waller to argue that price pressures are easing without help from another increase, even as employment remains stable.
Bitcoin’s first test is whether it can reclaim and hold $80,000 after the initial repricing. CPI will then show whether the 60.2% hike probability has room to rise or whether easing inflation can revive the interrupted crypto recovery.
The article is provided for informational purposes only and does not constitute investment advice.
Author
Kosta has reported on cryptocurrency markets and blockchain infrastructure since 2020, bringing over six years of hands-on experience in the crypto industry built through daily tracking of markets, trends, and emerging blockchain developments. Specializing in Bitcoin on-chain analysis, institutional ETF flows, and digital asset price action, his work at Coindoo has been cited by other news agencies and consistently covers market developments with a focus on data-driven reporting across Bitcoin, Ethereum, Solana, and XRP. Over the years, Kosta has contributed to multiple crypto media outlets in different regions, authoring over 6,000 articles across the sector. His reporting spans cryptocurrency markets and the broader fintech industry, tracking not only price action but also the technological and regulatory forces shaping the ecosystem. To support his analysis, Kosta actively leverages on-chain data and metrics from leading platforms such as Santiment, Glassnode, and CryptoQuant, enabling deeper, evidence-based market insights. He believes in the power of transparency and the data that underpins the blockchain ecosystem. His academic background in Marketing Management from Denmark further complements his analytical approach, adding a strong understanding of communication strategy and content positioning to his work.
Iranian media: Missile attack hits US targets in northern Jordan
According to Tasnim News Agency, a source said that a loud explosion was heard in Jordan, and a U.S. target in northern Jordan was hit by a missile.
5 minutes ago
AMC CEO launches fresh attack on Robinhood; MEME token accelerates decline, falling below $40 million
AMC CEO Adam Aron once again targeted Robinhood on X, harshly criticizing the firm for promoting offshore stock tokens on its U.S. website. Aron alleges Robinhood is essentially evading the spirit of securities laws and operating an unauthorized synthetic market. In apparent reaction to the news, MEME has accelerated its decline, falling below $40 million in market capitalization to a current level of $38.82 million, per GMGN data.
5 minutes ago
Trump: Strong jobs data, yet the stock market is falling, and high interest rates are the culprit.
Trump released a post stating: "We just got outstanding jobs data. The market should rally given our improved credit and economic conditions, but as has been the case over the past 25 years, the stock market is falling anyway. This is because we live in a false reality where if things go well, we must 'kill it' out of 'fear' of inflation. It should be the opposite, and that is how things operated until 25 years ago. If we cling to this theory, we will never achieve the real economic prosperity our country deserves, because every time we perform well, foolish people immediately want to halt this positive upward momentum. Growth does not cause inflation! This morning, as soon as I saw these strong jobs numbers, I knew the market should have skyrocketed, but instead it dropped. Our GDP growth rate should be 15% to 20%, not 2%, 3% or 4%; the U.S. should be far more financially robust than it is now. Debt should be repaid, and all sorts of other benefits should be realized. Remember, every one percentage point increase in interest rates costs the U.S. $650 billion annually. We should adopt the lowest interest rates in the world, because we keep everything running and bring massive economic wealth to countries that might otherwise be struggling!"
5 minutes ago
US stocks have maintained low volatility for 25 consecutive days, marking the longest such stretch since May 1992.
According to market data, the CBOE Volatility Index (VIX), the benchmark gauge for U.S. stock market volatility tied to the S&P 500, has closed in the 14 to 17 point range for 25 consecutive trading days — the longest such stretch since May 1992. Over the past 34 years, the only comparable period occurred in 2025, with the streak lasting 24 trading days. Meanwhile, the S&P 500 has not posted a decline of at least -1.0% across 26 consecutive trading days, leaving the market in an unusually calm phase.
5 minutes ago
Hyperliquid will cut the minimum order notional amount for its prediction markets from $10 to $1.
Hyperliquid announced that in its upcoming network upgrade, it will lower the minimum notional amount for outcome orders (prediction market result token orders) from $10 to $1. Meanwhile, deployers will be able to query their remaining quota via the outcomeDeployerLimits information request interface.
5 minutes ago
Anthropic’s strategic deployment of in-house payment technology could erode Stripe’s market share.
Beating AI Express (from Dongcha) reports: Recent job postings reveal that Anthropic is planning to develop more in-house billing, fraud detection, and other financial infrastructure, while evaluating which payment-related services can be built internally instead of relying on external service providers. The postings show Anthropic has not yet finalized decisions on whether to further develop its own tools in areas including payments, billing, and tax processing, or continue procuring solutions from external providers. One senior software engineer position focused on billing requires assisting the company with technical selection: determining which business lines will continue development on external provider platforms, and which scenarios necessitate building their own underlying foundational modules around those external platforms.
Iranian media: Missile attack hits US targets in northern Jordan
According to Tasnim News Agency, a source said that a loud explosion was heard in Jordan, and a U.S. target in northern Jordan was hit by a missile.
5 minutes ago
AMC CEO launches fresh attack on Robinhood; MEME token accelerates decline, falling below $40 million
AMC CEO Adam Aron once again targeted Robinhood on X, harshly criticizing the firm for promoting offshore stock tokens on its U.S. website. Aron alleges Robinhood is essentially evading the spirit of securities laws and operating an unauthorized synthetic market. In apparent reaction to the news, MEME has accelerated its decline, falling below $40 million in market capitalization to a current level of $38.82 million, per GMGN data.
5 minutes ago
Trump: Strong jobs data, yet the stock market is falling, and high interest rates are the culprit.
Trump released a post stating: "We just got outstanding jobs data. The market should rally given our improved credit and economic conditions, but as has been the case over the past 25 years, the stock market is falling anyway. This is because we live in a false reality where if things go well, we must 'kill it' out of 'fear' of inflation. It should be the opposite, and that is how things operated until 25 years ago. If we cling to this theory, we will never achieve the real economic prosperity our country deserves, because every time we perform well, foolish people immediately want to halt this positive upward momentum. Growth does not cause inflation! This morning, as soon as I saw these strong jobs numbers, I knew the market should have skyrocketed, but instead it dropped. Our GDP growth rate should be 15% to 20%, not 2%, 3% or 4%; the U.S. should be far more financially robust than it is now. Debt should be repaid, and all sorts of other benefits should be realized. Remember, every one percentage point increase in interest rates costs the U.S. $650 billion annually. We should adopt the lowest interest rates in the world, because we keep everything running and bring massive economic wealth to countries that might otherwise be struggling!"
5 minutes ago
US stocks have maintained low volatility for 25 consecutive days, marking the longest such stretch since May 1992.
According to market data, the CBOE Volatility Index (VIX), the benchmark gauge for U.S. stock market volatility tied to the S&P 500, has closed in the 14 to 17 point range for 25 consecutive trading days — the longest such stretch since May 1992. Over the past 34 years, the only comparable period occurred in 2025, with the streak lasting 24 trading days. Meanwhile, the S&P 500 has not posted a decline of at least -1.0% across 26 consecutive trading days, leaving the market in an unusually calm phase.
5 minutes ago
Hyperliquid will cut the minimum order notional amount for its prediction markets from $10 to $1.
Hyperliquid announced that in its upcoming network upgrade, it will lower the minimum notional amount for outcome orders (prediction market result token orders) from $10 to $1. Meanwhile, deployers will be able to query their remaining quota via the outcomeDeployerLimits information request interface.
5 minutes ago
Anthropic’s strategic deployment of in-house payment technology could erode Stripe’s market share.
Beating AI Express (from Dongcha) reports: Recent job postings reveal that Anthropic is planning to develop more in-house billing, fraud detection, and other financial infrastructure, while evaluating which payment-related services can be built internally instead of relying on external service providers. The postings show Anthropic has not yet finalized decisions on whether to further develop its own tools in areas including payments, billing, and tax processing, or continue procuring solutions from external providers. One senior software engineer position focused on billing requires assisting the company with technical selection: determining which business lines will continue development on external provider platforms, and which scenarios necessitate building their own underlying foundational modules around those external platforms.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
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Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Robinhood Chain has stopped producing blocks for more than 14 minutes, preventing the Ethereum layer-2 network from confirming token transfers and smart contract transactions.
Summary
Robinhood Chain stopped producing blocks for more than 14 minutes at around 12:57 p.m. UTC. Transfers and smart contract calls remained pending until block production resumed intermittently. Robinhood has not disclosed the cause or provided a detailed account of the disruption. HOOD shares fell as much as 5.1% from their previous close before recovering part of the loss. Robinhood Chain stopped confirming transactions Robinhood Chain block explorer data showed that the network stopped adding blocks at around 12:57 p.m. UTC on Sept. 4, leaving submitted transactions without confirmation for more than 14 minutes.
Transfers, smart contract calls, and router interactions could not move forward while the chain remained at the same block height. New transactions continued to appear in the explorer, but several stayed pending because the network was not producing blocks to process them.
News aggregator Aggr News was among the first to report the interruption on X.
Block production later restarted, although explorer records showed uneven activity during the first stage of the recovery. Robinhood had not disclosed the cause of the halt or published a technical account of the event at the time of reporting.
The company also had not provided a specific recovery schedule. Its main status page did not list an incident for the chain, leaving the explorer as the main public source for tracking whether blocks were being produced consistently.
No report indicated that balances were lost during the interruption. Transactions submitted while production was paused could not receive on-chain confirmation until the sequencer began creating blocks again.
A sequencer halt froze Robinhood Chain activity As crypto.news explained in July, Robinhood Chain is an Ethereum layer-2 network built with Arbitrum Orbit technology. It runs transactions outside Ethereum’s main execution layer and posts data back to Ethereum.
Robinhood launched the public mainnet on July 1 with 95 tokenized stocks and access through Robinhood Wallet in more than 120 countries. The chain uses ETH for transaction fees and supports Ethereum-compatible wallets, applications, and smart contracts.
According to the network explainer, Robinhood Chain relies on a sequencer to order transactions and produce blocks. When the sequencer stops, users can submit transactions, but the network cannot confirm or settle them until block production returns.
Robinhood Chain normally produces blocks every 100 milliseconds. At that speed, a 14-minute interruption represents approximately 8,400 expected block intervals without normal production.
The halt affected blockchain activity rather than Robinhood’s conventional brokerage system. No evidence showed that customers lost access to U.S. stocks, exchange-traded funds, options, or other assets held in standard Robinhood brokerage accounts because of the chain interruption.
Block production is especially important for decentralized finance users. Without new blocks, traders cannot complete swaps, transfer collateral, repay loans or interact with smart contracts, even when their wallets continue displaying previously recorded balances.
Tokenized stock activity had climbed before the outage The interruption arrived after a sharp increase in trading activity across Robinhood Chain. On Aug. 25, the network recorded approximately $945 million in daily decentralized exchange volume, according to a recent network analysis.
Cumulative DEX volume had surpassed $47 billion since the July 1 launch, while its 30-day total reached approximately $15 billion. The data placed Robinhood Chain fifth among tracked networks by 30-day decentralized exchange volume, behind Solana, BNB Chain, Ethereum, and Base.
A separate Sept. 2 report found that RWA-linked trading volume had reached $390 million. By July 27, Robinhood had accumulated approximately 328,000 tokenized-equity holders, equal to around 44% of the 752,000 holders tracked across five large tokenized-stock platforms at the time.
Robinhood represented about $44 million of the tokenized assets in that comparison. Ondo held approximately $857 million, while xStocks accounted for about $487 million, showing that Robinhood’s holder count did not give it the largest value of tokenized assets.
Uniswap has operated as the chain’s primary public automated market maker since launch. Uniswap founder Hayden Adams said in late August that combined stock-token trading volume on Robinhood Chain had reached $1 billion.
Robinhood Chain had also processed more than $12 billion in DEX volume and over 150 million transactions by the end of July, according to figures cited by Bernstein. The research firm used the figures when maintaining an Outperform rating and a $160 price target for Robinhood Markets.
HOOD shares fell as much as 5.1% During Friday’s U.S. session, Robinhood Markets shares opened at $120.48 after closing at $124.72 on Thursday. HOOD then traded as low as $118.30, representing a decline of approximately 5.1% from the previous close.
Shares later recovered to around $122.81, cutting the daily loss to roughly 1.5%. Robinhood’s market data showed an intraday high of $124.60 and trading volume of 13.96 million shares, compared with an average daily volume of 24.82 million.
Available market data did not establish that the chain outage caused HOOD’s decline. The stock had already traded near $120 in the premarket session when reports of the network interruption appeared.
Friday’s trading also followed a 16.6% rally in HOOD on Thursday, when the stock closed at $124.72. Analyst upgrades and Robinhood’s expanding product range had supported the previous session’s advance.
U.S. investors cannot access Robinhood Stock Tokens Robinhood Stock Tokens remain unavailable to U.S. residents, even though many of the products track U.S.-listed companies. The company offers the tokens in eligible overseas markets as derivative contracts that provide economic exposure to the referenced securities.
Token holders are not shareholders of record and do not receive voting rights attached to the underlying stock. Robinhood has said that a U.S.-licensed institution holds assets supporting the contracts.
In July, two securities transfer groups asked the SEC to distinguish between issuer-approved tokenized securities and products created by unrelated platforms. Continental Stock Transfer & Trust Company and the Securities Transfer Association said third-party tokens may not establish a direct legal relationship between buyers and the company whose shares determine the token’s value.
The groups also raised concerns about custody, shareholder records, voting, dividends, sanctions checks, and claims during insolvency. They asked the SEC to prioritize issuer-backed structures and impose investor safeguards before granting regulatory relief to unaffiliated stock-token products.
Ethereum (ETH) is correcting lower toward support at $2,400 on Friday as volatility rises in the broader cryptocurrency market. The largest smart contract token faced rejection after rising to $2,546 earlier, hinting at profit-taking and investors adopting a cautious stance amid macroeconomic uncertainty.
Still, Ethereum’s outlook remains grounded in risk-on sentiment, as reflected in the Fear & Greed Index, which sits at 74 in the Greed territory on Friday, up from 65 the previous day.
Capital inflows returned on Thursday, with Ethereum spot Exchange-Traded Funds (ETFs) attracting $148 million in deposits, offsetting outflows recorded on the previous day. Meanwhile, cumulative inflows stand at $13 billion, with net assets under management at $16 billion, according to SoSoValue.
Ethereum ETF flows | Source: SoSoValueEthereum risks extending slide as rate hike bets riseUnited States (US) Nonfarm Payrolls (NFP) posted a strong increase of 162K in August, according to the latest Bureau of Labor Statistics (BLS) report. The outsized gain represents a sharp rebound from July’s modest 21K increase and decisively surpasses consensus estimates of 56K, highlighting the continued resilience of the US labor market.
Other details show the Unemployment Rate remained unchanged at 4.1%, meeting expectations, while Labor Force Participation ticked up to 61.6%. Average Hourly Earnings, a key gauge of wage inflation, moderated to 3.1% YoY from 3.2%, indicating a gradual easing in wage pressures.
The resilient labor market has seen traders reassess the probability of the Federal Reserve (Fed) raising interest rates to the 3.75%-4.00% range, which currently sits at 60% on Friday, up from 49% the previous day, according to the FedWatch tool.
FedWatch tool | Source: CME GroupTighter monetary policy is likely to weigh on risk assets like Ethereum, pushing investors into safer havens such as government bonds. This macro backdrop likely underpins the current pullback in ETH, as market participants reevaluate exposure amid shifting rate expectations.
Technical analysis: Ethereum slips amid broader bullish outlookEthereum trades at $2,438 after trimming gains from the daily high of $2,547. Despite the correction, the pair holds a bullish near-term bias as price remains well above the 50-day, 100-day and 200-day Exponential Moving Averages (EMAs), clustered between roughly $2,070 and $2,175, which collectively suggest a firmly supported medium-term uptrend.
The Relative Strength Index (RSI) at 61 on the daily chart remains positive without reaching overbought territory, while the latest Moving Average Convergence Divergence (MACD) reading has slipped into negative territory, hinting that bullish momentum is slowing even as the broader structure stays constructive.
ETH/USDT daily chartInitial support emerges at the 50-day EMA around $2,153, reinforced by the 200-day EMA near $2,175, creating a dense demand zone that could attract dip-buying if price retreats from current levels. A deeper pullback would expose the 100-day EMA at approximately $2,069 as the next significant floor, where failure would signal a more meaningful loss of bullish control despite the prevailing uptrend.
(The technical analysis of this story was written with the help of an AI tool. Know more.)
Ethereum FAQs Ethereum is a decentralized open-source blockchain with smart contracts functionality. Its native currency Ether (ETH), is the second-largest cryptocurrency and number one altcoin by market capitalization. The Ethereum network is tailored for building crypto solutions like decentralized finance (DeFi), GameFi, non-fungible tokens (NFTs), decentralized autonomous organizations (DAOs), etc.
Ethereum is a public decentralized blockchain technology, where developers can build and deploy applications that function without the need for a central authority. To make this easier, the network leverages the Solidity programming language and Ethereum virtual machine which helps developers create and launch applications with smart contract functionality.
Smart contracts are publicly verifiable codes that automates agreements between two or more parties. Basically, these codes self-execute encoded actions when predetermined conditions are met.
Staking is a process of earning yield on your idle crypto assets by locking them in a crypto protocol for a specified duration as a means of contributing to its security. Ethereum transitioned from a Proof-of-Work (PoW) to a Proof-of-Stake (PoS) consensus mechanism on September 15, 2022, in an event christened “The Merge.” The Merge was a key part of Ethereum's roadmap to achieve high-level scalability, decentralization and security while remaining sustainable. Unlike PoW, which requires the use of expensive hardware, PoS reduces the barrier of entry for validators by leveraging the use of crypto tokens as the core foundation of its consensus process.
Gas is the unit for measuring transaction fees that users pay for conducting transactions on Ethereum. During periods of network congestion, gas can be extremely high, causing validators to prioritize transactions based on their fees.
Pi Network (@PiCoreTeam) is drawing renewed attention across the crypto market, and not because of its price. The project climbed to the top of OKX's trending chart, outranking Bitcoin, Ethereum, $BNB (@BNBCHAIN), @Solana, and @Uniswap, as community interest in its real-world utility continues to build.
Utility Developments Driving the MomentumThree developments appear to be behind the renewed focus on Pi Network.
First, OpenPay has restored its cash-in function. OpenPay is a Web3 digital wallet built around Pi that aims to make the token usable in everyday transactions. The revival of its cash-in feature gives Pioneers a more direct route to exchange $PI for fiat currency, addressing one of the more practical barriers to adoption.
Second, there is the RoboPay integration. On August 4, 2026, Fabric Foundation announced that Pi Network had joined RoboPay as a payment partner to enable on-chain payments for AI-driven robot services and autonomous agent hiring. RoboPay is a payment layer built for the Fabric Network that allows AI agents to discover, hire, coordinate, and pay robots on-chain. If implemented, Pioneers could use $PI to pay for robot-delivered services such as delivery and inspection, rather than purchasing hardware outright. It is worth noting, however, that Pi Core Team has not confirmed the claim, and the development should be treated as unverified at this stage.
Third, Pi Network's App Studio has shifted its fee model. The platform has moved away from a subsidy-based structure toward usage-based pricing tied to actual AI costs. The change signals an effort to build more sustainable developer engagement within the ecosystem rather than relying on incentives that may not reflect real demand.
Price and Market Context The live price of $PI sits at around $0.094, with a market cap of approximately $1.05 billion. The token has faced sustained selling pressure over the past year. Pi token is down roughly 57% year-to-date and has fallen approximately 77% over the past 12 months.
The disconnect between price performance and search interest is notable. Community momentum appears to be holding up even as the token struggles to find a floor, with utility-focused developments keeping the project in view on major platforms.
Sources:
Pi Network (PI) live price and market cap, OKX
Pi Network rumored to join RoboPay, Coinpedia
Pi Network App Studio upgrade overview, The Market Periodical
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
American Bitcoin ETFs attracted $101.15 million on September 2nd. This rebound comes after an outflow of $236.5 million the previous day. Ethereum and XRP ETFs ended positive streaks that had captured $1.62 billion and $170 million respectively. At the same time, Solana products also closed the session in the red. These movements reveal a temporary rotation of capital towards Bitcoin rather than a general withdrawal by institutional investors.
In Brief Bitcoin ETFs return to inflows with $101.15 million in new capital. BlackRock leads the rebound with $115.45 million captured by its IBIT ETF. Ethereum ETFs end twelve positive sessions with $48.08 million in outflows. XRP ETFs end eleven sessions of inflows recording $7.2 million in withdrawals. Flows return positive on September 3rd for Bitcoin, Ethereum and Solana. BlackRock Leads the Rebound of Bitcoin ETFs Following their largest single-day outflow since July 31st, Bitcoin ETFs returned to positive flows. However, the $101.15 million captured on September 2nd only made up 43% of the $236.5 million withdrawn the previous day.
BlackRock played a key role in this turnaround. Indeed, its IBIT ETF attracted $115.45 million, an amount exceeding the net flow of the entire category. Outflows of $56.21 million recorded by Grayscale’s GBTC reduced the overall result.
Four distinct movements emerged from this session :
Bitcoin ETFs attracted $101.15 million ; Ethereum ETFs lost $48.08 million ; XRP ETFs suffered $7.2 million in outflows ; Solana ETFs recorded $6.13 million in outflows. This difference highlights that investors favored the most liquid crypto product. However, it does not imply a sustained outflow from altcoins, since the negative amounts remain small compared to the inflows accumulated in previous weeks.
Bitcoin ETFs attracted $3.52 billion in August, their best monthly result this year. Thus, these assets amounted to about $97.22 billion, while the cumulative inflows since January 2024 reached $54.7 billion.
Ethereum Interrupts a $1.62 Billion Streak As for Ethereum ETFs, they came off from twelve consecutive sessions of inflows. This streak added $1.62 billion to the various products before the outflow of $48.08 million observed on September 2nd.
BlackRock recorded opposite movements between its two funds. The ETHA ETF had a $53.4 million loss, while its ETHB product, which combines staking, attracted $52.9 million. Fidelity recorded $26.2 million in outflows and Grayscale’s ETHE suffered a loss of $23.5 million.
This daily outflow represents only about 3% of the capital collected during the previous twelve sessions. It thus constitutes a pause in the momentum but not yet an institutional turnaround around Ether.
XRP ETFs Lose $7.2 Million Products related to XRP ended a sequence of eleven positive sessions. This had generated nearly $170 million in net inflows and brought the cumulative total since their launch to $1.68 billion.
The $7.2 million withdrawal was almost entirely concentrated in Bitwise’s fund. As for products such as Franklin Templeton, Canary Capital, 21Shares and Grayscale, they attracted no movements.
This outflow corresponds to only 4.2% of the inflows accumulated during the positive streak. Like Ethereum, a single negative session is thus insufficient to establish a lasting loss of interest. A succession of withdrawals would be necessary to confirm a trend change.
The Turnaround Lasts Only One Session for Bitcoin and Ethereum Published statistics consolidate this caution. On September 3rd, Bitcoin ETFs recorded an additional $730.8 million. BlackRock contributed $454 million, while Fidelity and Ark Invest attracted $74.4 million and $137.7 million respectively, according to Farside Investors.
Ethereum ETFs also returned to inflows in the next session. They captured $141.4 million, including $72.1 million for BlackRock’s ETHA and $65.1 million for Fidelity’s FETH. Products linked to Solana also regained a positive balance of $6.4 million.
However, the monetary environment remains uncertain. The probability of a rate hike in the United States dropped from 63.2% to nearly 50.4% following comments from Christopher Waller. He stated: “if progress towards our 2% goal continues, I could support keeping rates”.
Flows in the coming sessions will help distinguish between two scenarios. Continued inflows would confirm the return of institutional demand. New outflows would rather indicate that investors remain hesitant ahead of the Fed’s September 16 decision.
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Diplômé de Sciences Po Toulouse et titulaire d'une certification consultant blockchain délivrée par Alyra, j'ai rejoint l'aventure Cointribune en 2019. Convaincu du potentiel de la blockchain pour transformer de nombreux secteurs de l'économie, j'ai pris l'engagement de sensibiliser et d'informer le grand public sur cet écosystème en constante évolution. Mon objectif est de permettre à chacun de mieux comprendre la blockchain et de saisir les opportunités qu'elle offre. Je m'efforce chaque jour de fournir une analyse objective de l'actualité, de décrypter les tendances du marché, de relayer les dernières innovations technologiques et de mettre en perspective les enjeux économiques et sociétaux de cette révolution en marche.
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The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
TLDR A 20.5 BTC stash linked to the 2026 Coldcard hardware wallet theft moved through 34 THORChain swaps into Ethereum on September 2 and 3. Bitquery traced the funds from a “reported” attacker address tied to what it calls Wave 3 of the theft. Most of the traced value, 20.15 BTC, landed at one Ethereum address that later showed an outgoing drop of about 5 ETH. Most of the stolen Bitcoin, over 1,400 BTC, remains parked and untouched in identified addresses. Researchers including Galaxy Research say they still cannot confirm whether all theft waves trace back to one person or group. A stash of Bitcoin linked to the 2026 Coldcard hardware wallet theft began moving this week. Blockchain data provider Bitquery tracked the funds as they crossed into Ethereum.
The move shifted the case from a mostly parked stash of stolen coins into an active cross chain trail. Investigators had watched much of the stolen Bitcoin sit untouched for months.
The activity started on September 2 when 20.49703196 BTC left an address linked to the theft. Bitquery’s classification file lists the address as reported and tied to what it calls Wave 3.
The coins passed through two fresh Bitcoin addresses. Both were later emptied, according to Bitquery’s tracking data.
Bitquery places the origin address in its reported tier, one step below its confirmed list. The person or group controlling the funds has not been identified.
THORChain is a tool that lets users swap coins across different blockchains. Bitquery’s live tracker recorded 34 swaps on September 2 and 3 that sent 20.45 BTC of traced value into Ethereum.
The tracker’s broader total reached 20.69 BTC across 36 swaps. That figure includes two earlier swaps worth 0.24 BTC that happened back on August 2.
Most of the funds, 20.15 BTC across 26 swaps, ended up at one Ethereum address. A smaller amount, 0.30 BTC, moved through eight swaps to a second address.
The two August swaps sent funds to a third address. Bitquery’s records show THORChain swap memos naming the main destination for the September transactions.
That main Ethereum address held about 649.5 ETH with no outgoing transactions when Bitquery checked at 16:15 UTC on September 3. About an hour later, at 17:25 UTC, a balance check showed 644.4974 ETH.
The drop of roughly 5 ETH marked the first outgoing activity from that address since the funds arrived.
Most Stolen Bitcoin Remains Untouched Not all of the stolen Bitcoin has moved. At block 965,339, Bitquery counted 1,402.59 BTC still sitting in identified addresses linked to the theft.
Of that total, 1,396.33 BTC has never moved since it was stolen. Bitquery tracks the 20.69 BTC that went through THORChain as a separate category, now watched on Ethereum.
A separate dataset built from Bitcoin block data breaks the theft into waves. It counts Waves 1 through 3 apart from a fourth wave of 64.90373764 BTC, and says the blockchain alone cannot confirm whether one group is behind all of them.
Galaxy Research has also said it cannot fully link every wave of the theft to a single source. The firm has estimated total losses from the Coldcard theft at 1,700 BTC or more.
As of the latest check, the main Ethereum address tied to the September swaps still held about 644.5 ETH. The rest of the traced Bitcoin has yet to move beyond the two Bitcoin addresses used in the swap.
A significant amount of Bitcoin linked to the 2026 Coldcard hardware wallet theft has surfaced after being dormant, as blockchain analytics provider Bitquery tracked the movement of 20.5 BTC through THORChain into Ethereum. This marks a notable development in the ongoing investigation into the high-profile crypto theft.
Coldcard theft funds make active cross-chain moveThe transfer began on September 2, when 20.49703196 BTC left a previously identified address associated with what Bitquery describes as “Wave 3” of the Coldcard incident. After passing through two fresh intermediary Bitcoin addresses—both emptied during the process—the funds started a complex journey involving cross-chain swaps.
Bitquery classified the source address as “reported,” indicating it is tied to the known case but falls short of their most-verified category. The identities of those controlling the funds remain unknown, leaving investigators without clear suspects.
The activity shifted the investigation from long-inactive stolen Bitcoin to an active cross-chain trail, as Bitquery tracked the coins moving from Bitcoin to Ethereum networks for the first time since the theft occurred.
Researchers have stated that, until this movement, most of the stolen Bitcoin had remained untouched for an extended period, further obscuring the origins and intentions of the individuals involved.
Traced Bitcoin funneled through THORChain swapsTHORChain, a decentralized cross-chain protocol enabling the swap of crypto assets between various blockchain networks, processed a series of 34 swaps on September 2 and 3. These operations transferred 20.45 BTC into the Ethereum network.
Bitquery’s full tracking registers a total of 20.69 BTC swapped across 36 operations, including two earlier swaps on August 2 worth 0.24 BTC in total. The bulk of the assets—20.15 BTC—found their way to a single Ethereum address via 26 swaps, while another 0.3 BTC ended up at a second address through eight additional swaps. Two further swaps from August directed funds to a third Ethereum address.
Records show THORChain swap memos specified the primary destination address for the September flows. When checked at 16:15 UTC on September 3, the main recipient Ethereum address contained approximately 649.5 ETH and had not shown any outgoing transactions. By 17:25 UTC, new activity reduced the balance by around 5 ETH, marking the first outbound transaction since receiving the funds.
Mini dictionary: THORChain is a decentralized liquidity protocol that allows users to swap assets across different blockchains without relying on centralized exchanges, providing cross-chain interoperability.
Swap DateTotal BTC SwappedNumber of SwapsMain Ethereum Address ETH ChangeSeptember 2-320.45 BTC34649.5 ETH to 644.5 ETHAugust 20.24 BTC2Separate addressMajority of stolen Bitcoin remains untouchedDespite the recent activity, most of the Bitcoin stolen in the Coldcard breach remains unmoved. At block 965,339, investigators reported that 1,402.59 BTC were still sitting in addresses identified as connected to the theft. Of these, 1,396.33 BTC had never left their original theft addresses, reinforcing the opacity around the ultimate disposition of the majority of stolen assets.
Blockchain datasets partition the Coldcard heist into several “waves” by block data. Waves 1 through 3 are tracked separately from a fourth wave involving 64.90373764 BTC. Bitquery and researchers at Galaxy Research caution that blockchain evidence alone cannot determine whether the thefts share a single perpetrator or group.
Galaxy Research, a digital asset and blockchain analytics firm, estimates the total loss from the Coldcard hardware wallet theft at over 1,700 BTC. The status of the main Ethereum address tied to September’s swaps remains under surveillance, with a balance of about 644.5 ETH, while the vast majority of the stolen Bitcoin remains classified as dormant.
Researchers including Galaxy Research maintain they cannot confirm whether individual or collective responsibility lies behind every wave of the Coldcard wallet theft, underscoring continued uncertainty for investigators.
An attacker drained roughly $1.73 million from Notional Finance’s legacy escrow contract early Friday, exploiting a coding flaw that made an enormous fabricated debt register as zero.
The stolen DAI and USDC became about 689 ether (ETH). The funds then went through Tornado Cash, a service that breaks the trail between wallets. Notional has said nothing publicly.
How the Notional Finance Exploit WorkedNotional Finance is a fixed-rate lending protocol on Ethereum. Its first version recorded future cash obligations as tokens called fCash. The system screened borrowers for collateral before letting them add debt.
That screening converted debt into ether terms through a raw uint128 conversion. Two mints summed to exactly two raised to the power of 128. That is the single value the conversion flattens to zero, QuillAudits found.
A checked conversion would have rejected the figure instead of quietly dropping its digits. Notional used the safer method elsewhere in the same file, according to the write-up.
The account then read as debt free. Etherscan records show the setup landed at 11:58 p.m. UTC Thursday and the withdrawal three minutes later.
That second transaction moved 69,257 DAI and 1,658,524 USDC out of the escrow. The attacker also tipped block builder Titan 0.07 ETH to route the trade privately.
Security firm PeckShield relayed a warning from on-chain monitor Specter. The escrow now holds about $60,600 in leftover tokens.
#PeckShieldAlert Specter has reported that the Notional Finance escrow contract may have been exploited, resulting in $1.7M in ethereum:0x6b175474e89094c44da98b954eedeac495271d0f and $USDC lost.
The exploiter has swapped the stolen funds into 689.2 $ETH and deposited them into… pic.twitter.com/Wd5Dc3MWtL
— PeckShieldAlert (@PeckShieldAlert) September 4, 2026 Dormant V1 Contracts Still Held Real MoneyNotional wound down its third version after the November 2025 Balancer exploit cascaded into its vaults. The V1 contracts stayed live and funded, and nobody swept them.
Independently audited protocols still account for most crypto hack losses, so an old review offered no cover here. June brought a close parallel, when an attacker drained legacy Solana pools at Raydium.
Notional’s NOTE token trades near $0.0065, up 3.5% over 24 hours, on a market value close to $400,700.
Notional Finance (NOTE) Price Performance. Source: BeInCryptoNotional had issued no statement, loss figure, or post-mortem at publication. Whether the drained cash belonged to users, the treasury, or a third party remains unconfirmed.
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Ahmed Barakat is a journalist and copywriter based in Georgia with a growing focus on blockchain technology, DeFi, AI, privacy, digital assets, and fintech innovation.
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Ethereum trades at $2,520, sitting right at the pivot point most analysts have flagged in news outlets for weeks. That’s not a coincidence. A completed Elliott Wave Double Three correction just handed ETH a defined support zone, and buyers showed up almost exactly where the pattern said they would.
The technical case centers on a three-wave pullback that unfolded as a classic (W)-(X)-(Y) Double Three, a 3-3-3 corrective structure where each leg forms its own internal A-B-C sequence.
🚨 ETHEREUM SETS UP A WAVE 4 PULLBACK$ETH is completing daily Wave 3 after an aggressive impulse surge
Market structure shows downside imbalance left behind during the rally, creating a primary Wave 4 target between $2,112 and $2,222
However, buyers may front-run that deeper… pic.twitter.com/RXXtAE0ZLK
— Pepesso (@0xPepesso) September 2, 2026 Analysts tracking the pattern projected wave (w) from the end of wave (x) using Fibonacci extension tools, landing on an Equal Legs buying zone at $2,375–$2,337. ETH found buyers there and has since pushed back toward the mid-$2,500s, currently developing what’s labeled the c-leg of the wave.
Zoom out and the broader chart tells a similar story. ETH rallied from roughly $1,850–$1,900 in late August to above $2,550, then consolidated inside a range analysts describe as a bullish flag under mounting selling pressure. The next move hinges on whether $2,500–$2,550 flips from resistance to support.
Discover: The Best Token Presales
Can Ethereum Price Hit $2,800 This Week?ETH’s 24-hour range has been tight at $2,490 to $2,525, signaling consolidation rather than directional conviction. The immediate resistance band sits at $2,500–$2,550, described elsewhere as both flag resistance and a rising wedge ceiling. Holding the $2,438 Fibonacci level is the line in the sand for bulls; lose it, and the 200-day EMA near $2,161 becomes the next magnet.
Bull case: A clean break above $2,550 opens the door to $2,700, then $2,800–$3,000, mirroring the flag’s measured move. Base case: ETH grinds sideways between $2,400 and $2,550 while wave (y) completes. Bear case: A break below $2,337 invalidates the Double Three read and drags price toward $2,212–$2,220. None of these scenarios is guaranteed. Elliott Wave counts are probabilistic, not prophetic. Traders should treat $2,500 as the level that decides which narrative wins.
Trade ETH on Bybit and Get a Chance to Win Our $1,000 USDT Airdrop
Bitcoin Hyper Targets Early Mover Upside As Ethereum Comes With Bullish NewsXRP holders riding the ETF narrative have already captured most of the easy upside from the $1.00 to $1.70 move. At current levels, a rally back to $2 caps out around 45% from the $1.38 price point. It’s solid, but not the kind of asymmetric setup that early-stage capital tends to chase.
The above reasons are pushing a segment of traders toward presale infrastructure plays where the ceiling hasn’t been priced in yet. Enter Bitcoin Hyper ($HYPER), a Bitcoin Layer 2 integrating the Solana Virtual Machine, the first project with SVM execution speeds faster than Solana itself, layered directly onto Bitcoin’s security base.
The presale has raised $33 million at a current token price of $0.0136855, with staking rewards offered at a high 65% APY. Core features include a decentralized canonical bridge for BTC transfers and low-latency smart contract execution, solving Bitcoin’s long-standing programmability gap.
Research Bitcoin Hyper through the official presale page before deciding.
Discover: The Best Crypto to Diversify Your Portfolio
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
As the market responded to a recent study by the Bank for International Settlements that placed the XRP Ledger in an uncommon institutional use case, verifying the veracity of official statistics, XRP gained about 3%.
XRPL's BIS ReleaseThe BIS released Working Paper No. 1374, 'Blockchain-based approach for verifiable official statistics,' on Sept. 2. A system that records a summary value on the XRP Ledger and generates cryptographic fingerprints of official datasets was created and tested by researchers.
XRP/USDT Chart by TradingViewCrucially, neither the banking nor the economic datasets were stored on XRPL in the experiment. Rather, the system anchored the resultant value to the ledger after hashing individual datasets and merging them when needed. Instead of the production mainnet, the prototype operated on the XRPL Devnet.
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Verification times of one to two seconds and publication latency of approximately three to five seconds were reportedly produced by tests.
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This distinction is important. The study does not imply that the BIS has partnered with Ripple, adopted XRP, or intends to switch central-bank infrastructure to XRPL. A technical proof of concept is what it is. However, by selecting XRPL as the public verification layer, researchers provide the network with an additional institutional point of reference outside of its more well-known payments narrative.
The XRP chart responded favorably. After recently correcting from the explosive August rally, the asset is currently trading at $1.39, up roughly 2.7% on the daily candle. More significantly, XRP is still at $1.35, slightly above its 200-day EMA. The immediate technical pivot is now that level.
Before profit-taking resumed, the initial breakout drove XRP as high as about $1.70. However, sellers have not yet been able to force a sustained move below the 200-day average. Moreover, momentum has stabilized. The RSI is currently close to 62, which is significantly below the extremely overbought conditions created during the initial breakout.
Maintaining the recovery structure at $1.35 would allow for another attempt at $1.45–$1.50, which would be followed by the recent highs. Losing it would significantly weaken the setup and highlight the shorter moving average around $1.29.
Ethereum Gets ReadyEthereum's most recent breakout fundamentally altered the daily chart's structure, bringing it closer to a technically significant moving-average crossover.
ETH/USDT Chart by TradingViewETH's medium-term moving averages are quickly converging below the market, and it is currently trading at about $2,420. With the 50-day EMA at $2,063 moving toward the 100-day EMA at $2,059, the setup is similar to a pre-golden-cross formation. The gap between the two averages, which was significantly larger during Ethereum's summer weakness, has now shrunk to just a few dollars.
Another improvement in medium-term momentum would be confirmed if the 50-day EMA crossed over the 100-day EMA. Moving-average crossovers lag price, which is a crucial disclaimer. Since ETH has already surged from about $1,880 to over $2,500 at the local peak, a large portion of the momentum that caused the crossover has already occurred. Therefore, a golden cross does not always signal the start of a new rally.
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Nevertheless, the signal is much stronger due to the surrounding price structure. With a massive increase in volume, Ethereum broke through the $1,900–$1,920 resistance range and quickly recovered its main moving averages. Above all, ETH broke through the 200-day EMA at $2,169, which had served as a significant long-term resistance level during the previous decline.
Since then, the market has pulled back from roughly $2,550, but the decline is still largely under control. ETH is still trading significantly above the 50-day and 100-day averages, as well as more than 10% above the 200-day EMA.
Additionally, momentum has decreased. After reaching overbought territory during the breakout, the daily RSI has dropped toward 63. This eliminates a portion of the current overheating while maintaining the larger bullish structure.
The $2,500–$2,550 range continues to be Ethereum's first upside obstacle. The path toward $2,600 and possibly $2,700 could be opened by a daily close above this range, which would create another higher high.
On the downside, bulls must defend the immediate area between $2,360 and $2,400. Although it would significantly lessen short-term momentum, a deeper correction toward the 200-day EMA at $2,170 would still make the larger recovery technically feasible.
Tron Is Back in the SpotlightWith the total value locked throughout the ecosystem rising to roughly $28 billion, Tron has achieved yet another significant network milestone. Even though TRX has a more difficult technical setup, the figure supports Tron's standing as one of the biggest blockchain networks in terms of capital deployed.
TRX/USDT Chart by TradingViewThe value of cryptocurrency assets deposited across a network's protocols is measured by TVL. Along with staking and lending infrastructure, Tron's massive stablecoin economy, especially USDT, provides a significant amount of that capital. Therefore, rather than just reflecting speculative activity around TRX, the $28 billion figure represents significant capital utilization.
The stablecoin position of Tron is still very significant. Users prefer the network for quick and reasonably priced transfers, making it one of the main settlement layers for USDT transfers worldwide. In contrast to many rival Layer-1 networks, this gives Tron a reliable source of transactional demand.
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TRX's price has not, however, immediately increased in response to the TVL milestone. After a severe rejection from the recent local peak at $0.345–$0.350, TRX is currently trading at $0.328. More significantly, the asset fell below a number of short- and medium-term moving averages that were closely grouped between roughly $0.330 and $0.334. As a result, there is a sizable resistance cluster right above the current price.
The crucial technical level at this time is the 200-day EMA at $0.324. During the most recent sell-off, TRX briefly moved below it before rising above the indicator. The larger bullish structure that was formed earlier this year would be preserved if this level were maintained.
Momentum has significantly diminished. When compared to overbought readings from the previous rally, the RSI has dropped toward 43. Despite the fact that TRX is far from being extremely oversold, this suggests that buyers have lost short-term control.
The first significant bullish signal would be a recovery above $0.334, which could reintroduce $0.340–$0.350. On the other hand, a confirmed breakdown below $0.324 would expose the $0.315–$0.320 area and might eliminate a significant portion of the recent gains.
A strong fundamental backdrop is provided by Tron's $28 billion TVL, but for that network strength to result in a convincing price recovery, TRX must now defend its 200-day EMA.
XRP, Ethereum, and Tron each displayed distinct price movements as technical developments and network statistics caught the attention of both traders and institutional observers. Market sentiment shifted following a Bank for International Settlements (BIS) study that explored a new use case for the XRP Ledger in official data verification, while Ethereum and Tron encountered significant technical and on-chain milestones.
BIS study highlights XRP Ledger’s institutional potentialThe Bank for International Settlements, an international financial institution that supports central banks in maintaining financial stability, published Working Paper No. 1374, entitled ‘Blockchain-based approach for verifiable official statistics.’ Released on September 2, the research examined whether summary values and cryptographic fingerprints of official datasets could be securely anchored on the XRP Ledger (XRPL).
Researchers developed and tested a prototype system that created hashes of financial and economic data before merging them as necessary and recording only the summary value on XRPL. The study did not involve storing source datasets directly on the blockchain. Instead, the prototype ran on the XRPL Devnet instead of the main public network. Test results indicated verification times of one to two seconds, with publication delays typically between three to five seconds.
The research emphasized that BIS did not launch an institutional partnership with Ripple, nor does it plan to migrate central bank infrastructure to XRPL. The initiative represents a technical proof of concept, showcasing XRPL’s potential beyond payments as a data verification mechanism for institutional purposes. By using XRPL as a public verification layer, the study offered the network added credibility within the financial sector.
XRP’s gain of about 3% followed BIS’s experimental use of the XRPL Devnet to verify official statistics, underscoring the platform’s evolving institutional relevance.
Following the study, XRP traded at $1.39, up roughly 2.7% on the daily candle, after rebounding from a recent correction. The token remains just above its 200-day exponential moving average (EMA) at $1.35, which currently serves as a pivotal technical reference point.
Earlier in the period, XRP soared to nearly $1.70 after an initial breakout before retracing amid profit-taking. As sellers repeatedly tested the 200-day average without breaking it, momentum indicators such as the relative strength index (RSI) stabilized near 62, reflecting a return from previous overbought conditions.
Analysts argue that maintaining price action above $1.35 could clear the path for another rally toward $1.45–$1.50. Conversely, a decisive move below the 200-day EMA may undermine the bullish structure, highlighting the next support around $1.29.
Ethereum eyes golden cross as bullish trend emergesEthereum, the leading smart contract platform, experienced a significant technical breakout that transformed its chart structure. ETH was recently trading at about $2,420, supported by the convergence of its 50-day EMA at $2,063 and 100-day EMA at $2,059. The narrowing gap signals a potential pre-golden cross setup, which traders commonly associate with sustained uptrends.
Heavy volume accompanied Ethereum’s surge above the $1,900–$1,920 resistance area, pushing the price well past its critical 200-day EMA at $2,169. This move ended a period of long-term resistance.
ETH approached $2,550 before undergoing a controlled pullback. Despite the retracement, Ethereum’s price remains over 10% above its 200-day moving average. The daily RSI, now at 63, eased from earlier overbought levels, which some market participants see as a healthy consolidation.
ETH’s break above $2,169 marked a significant reversal of recent weakness, with the 200-day EMA now providing a solid technical foundation for further gains if bulls maintain momentum.
The $2,500–$2,550 area continues to pose a resistance zone. A close above this level may push ETH toward fresh highs at $2,600 or $2,700. On the downside, maintaining support between $2,360 and $2,400 is critical for preserving Ethereum’s bullish recovery. A further slide toward the 200-day EMA at $2,170 could reduce short-term momentum but would not eliminate the asset’s overall upward bias.
TokenCurrent PriceKey Support LevelKey Resistance LevelRSIXRP$1.39$1.35 (200-day EMA)$1.45–$1.5062ETH$2,420$2,360–$2,400$2,500–$2,55063TRX$0.328$0.324 (200-day EMA)$0.334, then $0.340–$0.35043Tron’s $28 billion TVL contrasts with price actionTron has emerged as a leading blockchain ecosystem, recently surpassing $28 billion in total value locked (TVL) across its network. TVL, which tracks the value of crypto assets deposited in protocols, highlights the scale of DeFi and stablecoin activity on a given blockchain.
Tron’s stablecoin economy, especially its handling of USDT transfers, underpins a large portion of its TVL and cements the network’s role as a preferred option for fast, cost-effective settlements. This differentiates Tron from many competing Layer-1 networks, which often see greater price volatility but smaller TVL figures.
Despite this achievement, TRX, the native token of Tron, did not immediately reflect the milestone in its price. TRX recently retreated to $0.328 after failing to overcome the $0.345–$0.350 resistance zone and is currently trading below several moving averages clustered in the $0.330–$0.334 range.
The 200-day EMA at $0.324 remains a critical technical support. TRX briefly dipped below this level during a recent sell-off but managed to recover. Sustaining this support could prolong the bullish structure established earlier this year.
Technical momentum weakened further as the RSI slid to 43, indicating a loss of short-term buyer control. A rise above $0.334 could restore upside potential, while a decline below $0.324 may expose the $0.315–$0.320 range and reduce recent gains.
Despite resilient network fundamentals such as robust TVL, TRX’s path to sustained price appreciation will likely depend on defending its key technical levels.
Mini dictionary: Total Value Locked (TVL) refers to the total amount of assets deposited in all protocols on a blockchain, serving as a key metric for network activity and capital deployment.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Ten AI coding agents ran the same 12 Solidity challenges human developers faced at Devcon. Only OpenAI’s Codex cleared the course, and the cheapest near-finisher was an open-weight Chinese model.
Austin Griffith, Builder Enablement at the Ethereum Foundation, on Uneasy Money
Posted September 3, 2026 at 7:31 pm EST.
Ten AI coding agents ran the same twelve Solidity challenges on Thursday, a course originally built for human developers at Ethereum’s Devcon conferences. Only one model finished it.
Austin Griffith, who works on developer onboarding and tooling at the Ethereum Foundation and founded the developer collective BuidlGuidl, ran the race at 11 a.m. ET, a day after previewing it on Unchained’s Uneasy Money podcast. Each agent got an isolated instance and its own wallet, and a capture counted only when the mint landed onchain.
OpenAI’s Codex, running GPT-5.5, took all three finishing places. More thinking did not help: the medium reasoning setting cleared all twelve flags fastest, in 40 minutes and 7 seconds, while the extra-high setting came in last of the three at 50:26 and burned nearly a third more tokens to get there.
The result likely to travel furthest is fourth place. DeepSeek V4 Pro, an open-weight Chinese model, captured eleven of twelve flags for $1.45 in compute. Anthropic’s Claude Opus 4.8 managed ten and cost $7.61, more than five times as much for one fewer flag. The other open-weight Chinese models fell well short: GLM 5.3 took six, and Kimi K3 and Qwen two apiece.
BuidlGuidl labels each entrant by harness, model and reasoning effort together, published the system prompts and every human intervention alongside the standings, and states plainly that the exercise is “a transparent single-run evaluation, not a universal model ranking.”
Why he ran it Griffith’s argument, made on the show, is that nobody can currently answer the simplest question about a new model release. “We need good evals. People should be running evals all the time,” he said on the podcast, adding that “you should have your own eval suite, and you should be able to run it.”
The course was not written for machines. “This eval suite was the capture the flag that we ran for humans” at Devcon in Bangkok and Buenos Aires, Griffith said on the show, and the challenges are obscure enough, he argued, that the answers are unlikely to sit in any model’s training data. That the strongest agents cleared them anyway is the finding, and it comes with a caveat the organizers put on the page themselves: one run, one course, one day.
Related Listen: Austin Griffith on the $1 AI Audit and the Case for Founders Over DAOs: Uneasy Money
AI-assisted content: This article was produced with the assistance of AI tools and was reviewed, edited, and fact-checked by a member of the Unchained editorial team before publication.
Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP) extend their weekly gains on Friday as traders await the US Nonfarm Payrolls (NFP) report for the next directional catalyst. BTC trades above $80,800 after gaining more than 4% this week, while ETH has broken above the $2,500 resistance level and closed above the key barrier. XRP is also showing strength after finding support at the key level earlier this week, keeping the near-term outlook cautiously bullish ahead of the key US jobs data.
Bitcoin heading toward the $85,000 resistanceBitcoin price trades at $80,856 on Friday, holding a firm bullish bias as it extends well above the key exponential moving averages (EMAs). The 50-day EMA at $71,126, the 100-day EMA at $69,696 and the 200-day EMA at $72,539 all sit comfortably below spot, suggesting a well-supported uptrend despite the recent overbought reading in the Relative Strength Index (RSI) around 71.
The Moving Average Convergence Divergence (MACD) remains positive, suggesting bullish momentum persists, albeit less explosively than during the prior leg higher.
On the topside, immediate resistance emerges at the horizontal barrier near $85,000, where fresh supply could test buyers’ conviction after the sharp advance.
On the downside, initial demand is expected around the clustered EMA zone, with the 200-day EMA at $72,539, the 50-day EMA at $71,126 and the 100-day EMA at $69,696 providing layered dynamic support on pullbacks. Below that, horizontal supports at $66,500 and $62,300 mark deeper retracement levels that would need to give way to undermine the broader bullish structure.
BTC/USDT daily chartEthereum could extend gains as it closes above the $2,500 markEthereum price trades at $2,504 on Friday, maintaining a constructive bullish bias as it holds above the 50-day, 100-day, and 200-day EMAs at roughly $2,155, $2,070, and $2,175, respectively.
The horizontal support drawn near $2,500 now sits just below spot, reinforcing a near-term floor. At the same time, the RSI around 67 suggests strong but not yet extreme upside momentum, even as the MACD has rolled over, hinting at waning short-term impulse within an overall supported structure.
On the downside, immediate support is anchored at the $2,500 zone, with deeper demand layered at the cluster of EMAs between roughly $2,155 and $2,175, followed by the 100-day EMA near $2,070 and then the psychological $2,000 handle; below that, a more distant structural base stands around $1,385.
On the topside, the next significant resistance level comes at the horizontal barrier near $3,000, and a sustained break above that zone would be needed to reopen the path toward higher highs beyond the current daily range.
ETH/USDT daily chartXRP extends gains after holding the 200-day EMAXRP trades at $1.442 on Friday and holds a bullish near-term bias as price extends well above the 50-day, 100-day, and 200-day EMAs, which cluster between roughly $1.230 and $1.350 and now act as layered dynamic support.
The RSI eases from overbought territory toward the mid‑60s, suggesting bullish momentum is moderating rather than reversing, while the MACD hovers slightly negative, hinting at a nascent consolidation phase after the recent vertical run.
On the downside, initial support emerges at the 200-day EMA around $1.352, reinforced by horizontal support at $1.300, with deeper demand seen near the confluence of the 50-day and 100-day EMAs just above $1.230 and the psychological $1.000 handle further below.
On the topside, the next notable resistance sits at the horizontal barrier near $1.900, and a sustained break above this level would be needed to reopen the path toward fresh highs and extend the prevailing uptrend.
XRP/USDT daily chart(The technical analysis of this story was written with the help of an AI tool. Know more.)
Cryptocurrency prices FAQs Token launches influence demand and adoption among market participants. Listings on crypto exchanges deepen the liquidity for an asset and add new participants to an asset’s network. This is typically bullish for a digital asset.
A hack is an event in which an attacker captures a large volume of the asset from a DeFi bridge or hot wallet of an exchange or any other crypto platform via exploits, bugs or other methods. The exploiter then transfers these tokens out of the exchange platforms to ultimately sell or swap the assets for other cryptocurrencies or stablecoins. Such events often involve an en masse panic triggering a sell-off in the affected assets.
Macroeconomic events like the US Federal Reserve’s decision on interest rates influence crypto assets mainly through the direct impact they have on the US Dollar. An increase in interest rate typically negatively influences Bitcoin and altcoin prices, and vice versa. If the US Dollar index declines, risk assets and associated leverage for trading gets cheaper, in turn driving crypto prices higher.
Halvings are typically considered bullish events as they slash the block reward in half for miners, constricting the supply of the asset. At consistent demand if the supply reduces, the asset’s price climbs.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
According to Farside’s monitoring, U.S. Ethereum spot ETFs posted a net inflow of $141.4 million yesterday, with BlackRock’s ETHA attracting $72.1 million in net inflows and Fidelity’s FETH bringing in $65.1 million.
Hargreaves Lansdown opened access to nine Bitcoin and Ether exchange-traded notes on Sept. 3, bringing regulated cryptocurrency exposure to eligible users of the United Kingdom’s largest retail investment platform.
Summary
Hargreaves Lansdown added nine Bitcoin and Ether ETNs for eligible users through Advanced Investing service. Approximately two million platform clients may access products after successfully completing required investor protection checks. Investors must self-certify, pass an appropriateness assessment, and complete a 24-hour cooling-off period before access. The FCA reopened eligible crypto ETNs to retail investors in October 2025 under safeguards nationally. Crypto ETNs track asset prices without giving investors direct ownership of Bitcoin or Ether themselves. The products come from BlackRock’s iShares, WisdomTree, 21Shares, Invesco, CoinShares and Bitwise, according to a Financial Times report. The issuers charge annual product fees ranging from 0% to 0.35%.
UK’s Largest Investment Platform Hargreaves Lansdown Opens Bitcoin and Ether ETNs to 2 Million Investors
According to the FT, the UK’s largest investment platform, Hargreaves Lansdown (HL), will open crypto ETN trading to its approximately 2 million investors from September 3,… pic.twitter.com/a37mVTK3ex
— Wu Blockchain (@WuBlockchain) September 3, 2026 Hargreaves Lansdown serves approximately two million investors. However, the crypto ETNs are only available through its Advanced Investing service and are not automatically accessible to every customer.
Hargreaves Lansdown adds crypto after long delay The launch comes almost 11 months after the Financial Conduct Authority ended its four-year restriction on retail access to qualifying crypto ETNs. Other major British investment platforms had already introduced the products.
Hargreaves Lansdown initially adopted a more cautious position. In October 2025, the platform told investors that “Bitcoin is not an asset class,” while acknowledging that some customers might still want speculative exposure.
Doug Abbott, Hargreaves Lansdown’s chief product officer, said the platform delayed its launch to ensure client testing and safeguards were properly designed. He said customers should understand the products and encounter the “right level of friction” before investing.
The company’s current crypto ETN page warns that the instruments are volatile and high risk. It says investors could lose all the money they commit.
Investors face eligibility checks and a waiting period Customers must first self-certify as advanced investors. They must then complete an online appropriateness assessment designed to test whether they understand the products and associated risks.
Eligible customers must also complete a 24-hour cooling-off period before viewing the available ETNs. They need either a Fund and Share Account or a self-invested personal pension to buy, hold or sell the instruments.
Hargreaves Lansdown charges a 0.35% annual platform fee for holding crypto ETNs, capped at £12.50 per month. Dealing charges range from £3.95 to £6.95, depending on the customer’s trading frequency. These charges are separate from each product’s management fee.
The notes trade during London Stock Exchange market hours. They do not provide continuous 24-hour trading like cryptocurrency exchanges.
Crypto ETNs provide exposure without direct ownership Crypto ETNs are listed financial instruments designed to follow the price of an underlying digital asset. Investors purchase a note issued by a financial institution rather than buying Bitcoin or Ether directly.
The issuer arranges custody of the underlying cryptocurrency. Customers therefore do not control private keys, manage wallets or withdraw the digital assets represented by their investment.
This structure introduces risks that differ from direct cryptocurrency ownership. Investors depend on the issuer, custodian, trading venue and investment platform. Product fees and market spreads may also cause returns to differ from movements in the underlying asset.
Crypto.news previously reported that BlackRock listed its Bitcoin product on the London Stock Exchange after the retail restrictions changed. The listing was among several products introduced as regulated providers prepared for wider individual access.
FCA rules restrict how platforms offer crypto ETNs The FCA lifted its retail prohibition on qualifying crypto ETNs on Oct. 8, 2025. Products must appear on the regulator’s Official List and trade through a recognized U.K. investment exchange.
The regulator classifies the products as restricted mass-market investments. Its official guidance requires appropriateness assessments, customer categorization, cooling-off periods and prominent risk warnings.
Platforms cannot offer incentives encouraging customers to invest. They must also identify an appropriate target market and take reasonable measures to prevent foreseeable consumer harm.
As crypto.news reported when the policy was announced, the FCA reopened retail access while keeping crypto derivatives prohibited. The regulator said investors would not receive the same protections available for conventional regulated investments.
Demand remains an open question Hargreaves Lansdown said it had received a consistent level of customer enquiries about crypto ETNs, particularly from experienced investors. That interest has not yet established how many eligible clients will invest.
Other platforms have described British retail uptake as modest. Restrictions preventing newly purchased crypto ETNs from being held in conventional stocks-and-shares ISAs may also limit demand.
The launch nevertheless gives Hargreaves Lansdown customers a regulated route to Bitcoin and Ether price exposure without opening an exchange account. Future adoption will depend on investor demand, cryptocurrency prices and whether the available product range expands.
Bitcoin (BTC) and Ethereum (ETH) climbed to multi-month highs again this week, but prediction market traders still assign low odds to either asset approaching record territory in 2026.
Polymarket traders give Bitcoin a 32% chance of touching $100,000 this year. Ethereum traders price a move to $3,500 at just 31%.
Rate Pause Signals and ETF Inflows Lift CryptoBitcoin rose 4.62% over 24 hours to $80,861, while Ethereum gained 4.85% to $2,501, according to BeInCrypto Markets data.
Bitcoin (BTC) Price Performance. Source: BeInCrypto MarketsThe rally follows reports suggesting the war in Iran could be over. In addition, Federal Reserve Governor Christopher Waller said he could support holding rates steady.
Odds of a September Federal Reserve rate hike fell to 50% today after reaching as high as 70%
Weak labor data reinforced the move. ADP reported that US private employers added 38,000 jobs in August. That fell short of expectations, near 47,000, and marked the weakest increase since January.
Institutional demand also returned. Spot Bitcoin exchange-traded funds (ETFs) drew about $101.1 million in net inflows, led by the iShares Bitcoin Trust.
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Traders Reprice the Range, Not the CeilingPolymarket traders moved aggressively on the near end of the curve. The $85,000 Bitcoin contract jumped 43 points to 81%, while odds of a drop to $70,000 fell 28 points to 48%.
Higher targets stayed put. The $95,000, $100,000, $110,000, and $120,000 contracts showed no 24-hour change, holding at 44%, 32%, 20%, and 12%. The $90,000 line slipped 2 points to 61%.
Polymarket Odds for Bitcoin Price Levels in 2026, Source: PolymarketEthereum shows the same pattern. The $2,750 contract climbed 25 points to 75%, and the $3,000 contract added 4 points to 54%. However, $3,500 and $4,000 held flat at 31% and 17%.
Downside bets have not disappeared. Traders still give 72% odds that Bitcoin will revisit $75,000 and 56% odds that Ethereum will slip to $2,250.
Friday’s US jobs report will test whether the rate-pause trade holds. For now, positioning treats the move as a range shift rather than a path back toward the records of $126,080 and $4,946.
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The Ethereum crypto ecosystem has just recorded a new peak in its recent history. Since September 3, 2026, the demand for blobs (these cheap data spaces used by rollups) has reached levels never seen before. This performance attests to a growing adoption of layer 2 solutions. But not only that! It also validates Ethereum’s scalability strategy while reviving a less visible problem: funding its developers.
In brief Ethereum has set a new record for usage of its blobs, at 6.7 per block on a daily average. Demand now exceeds the peaks observed at the end of 2025, driven by rollups. The crypto network operates at only 40-50% of its current target of 14 blobs per block. Four capacity increases have taken place since Dencun; a fifth is under consideration. Funding for client teams remains a bottleneck according to Protocol Guild. Why does Ethereum reach 6.7 blobs per block? On September 3, Trent Van Epps, former member of the Ethereum Foundation and organizer of Protocol Guild, reported a moving average of 5.9 blobs per block over three days. The daily average even reached 6.7, which is well above the previous peaks from late 2025.
In Ethereum’s technical jargon, a blob refers to a cheap temporary storage space introduced by the Dencun upgrade (EIP-4844 standard) in 2024. Rollups are Layer 2 (L2) crypto networks like Arbitrum, Optimism, or Base. They deposit their batches of transactions there before having them validated by Ethereum’s main chain.
The principle is simple: the higher the number of blobs used per block, the greater the activity transiting through Ethereum’s data availability layer.
This record therefore means that Layer 2s publish more batches of transactions in Ethereum’s data layer. Each blob contains 4,096 elements of 32 bytes, about 128 KB. At 6.7 units, the theoretical volume thus approaches 858 KB per block.
How did Ethereum multiply its capacity by 2.3? After a dip observed in spring 2026, blob usage on Ethereum has resumed rising. Even better! It now exceeds the previous peaks recorded at the end of 2025.
In reality, Ethereum’s blob capacity has steadily increased through successive steps since Dencun’s launch:
3/6 blobs (target/maximum) at Dencun launch in 2024; 6/9 blobs with the Pectra update; 10/15 blobs with the BPO1 step; 14/21 blobs with BPO2, effective January 2026 (the current level on Ethereum). The Ethereum crypto network thus has 2.3 times more targeted capacity than before Fusaka. “Blobs offer rollups a less costly way to publish data on Ethereum,” explains the official documentation. EIP-4844 data disappears from nodes after 4,096 epochs, about 18 days. This lightens storage while maintaining verifiability during the useful period.
Ethereum blobs usage reaches a record 6.7 per block. Source: hildobby, Dune Analytics However, the Ethereum crypto network is still far from saturation. Indeed, current activity only represents 40 to 50% of the current target. This target is set at 14 blobs per block. The ceiling of 21 constitutes the technical limit per block. This margin still protects rollup transaction fees from structural spiraling.
Explanation: Ethereum is busy but not yet full.
What is at stake in the next capacity increase on the crypto blockchain? The question now stirring Ethereum crypto developers is the timeline for a fifth increase targeting 21/32 blobs. For some, more blobs mean lower transaction fees for rollups and their users. The downside? Increased bandwidth load for Ethereum node operators.
Evolution of usage, target, and ceiling of Ethereum blobs. Source: Ambrosia and Mizrach, 2026, CC BY 4.0 license. For others, the bottleneck may especially become human. According to Trent Van Epps, for example, funding for client teams running Ethereum remains insufficient relative to the network’s size. In June, Ethereum core development required about 30 million dollars annually. Protocol Guild reportedly distributed nearly 40 million dollars in four years, yet that alone was not enough. Expanding data availability thus depends as much on human resources as on code.
That’s not all! This debate also fits within the perspective of Glamsterdam. This is the next major upgrade of the crypto network, which aims to raise Ethereum’s global gas limit.
In any case, this record of blob usage on Ethereum confirms the growing adoption of rollups. The next catalyst to watch: the outcome of the debate on an increase to 21/32 blobs.
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Ariela R.
My name is Ariela, and I am 31 years old. I have been working in the field of web writing for 7 years now. I only discovered trading and cryptocurrency a few years ago, but it is a universe that greatly interests me. The topics covered on the platform allow me to learn more. A singer in my spare time, I also cultivate a great passion for music and reading (and animals!)
DISCLAIMER
The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
GPT-6 Astra Claims Top Spot in Perplexity’s Research Agent Rankings: 13.5% More Performant Than Fable 5.1, 6.1% Cheaper
From Beating AI Express: Perplexity used its proprietary agent benchmark WANDR to test GPT-6 Astra, which scored 0.682 — the highest mark of any model tested to date. The average cost per task came to $11.98. Compared to Claude Fable 5.1, Astra’s score is 13.5% higher, while its cost is 6.1% lower; versus Opus 5, the score is 27% higher, with a cost increase of only 3.3%. WANDR is tailored to evaluate "broad and deep" research tasks, featuring 500 real-world research assignments that require agents to not just find partial answers, but to identify all eligible entities, verify each entity’s information and identity, and attach verifiable sources to every result. Typical tasks include competitor research, due diligence, literature retrieval, market analysis, and talent search. Prior to this, Fable 5.1 held the top spot with a score of 0.601 and $12.76 per task, while Opus 5 scored 0.537 at $11.60 per task. Astra’s performance has notably lifted the benchmark score, and this gain was not driven by inflated costs.
10 minutes ago
An address purchased MEME at a low point, netting $964,000 in profit.
On-chain analyst Ai Yi (@ai_9684xtpa) monitored that address 0xf7b…3fe48 invested $1,138 to buy MEME when its price was approximately $0.0001112. The address has now accumulated a profit of around $964,000, with a return rate of 83,677%. It still holds 88.5% of its initial position and currently ranks second on the MEME profit leaderboard.
10 minutes ago
OKX's Flash Earn Lite launches the DOS "Stake to Earn" program, allowing users to split 650,000 DOS in rewards.
According to official announcements, OKX’s Flash Earn Lite will launch the DOS "Stake to Earn" program from 15:00 UTC+8 on September 10, 2026 to 15:00 UTC+8 on September 15, 2026. During the event, users who lock BTC, OKB, or DOS to subscribe will share the 650,000 DOS airdrop reward pool. Early subscription is open starting from 15:00 UTC+8 on September 5, 2026, with rewards calculated from the official event start. Additionally, starting with this event, users can directly use assets from their flexible Simple Earn wallets to subscribe to Flash Earn’s Stake to Earn programs. Participation is available via the event link or by selecting "Flash Earn" at the top of the OKX App’s Explore page.
10 minutes ago
A trader spent $2,972 to buy MEME, reaping a 713x return.
According to Lookonchain monitoring, a trader created address 0xc740 21 days ago and has only traded 8 tokens since. The address purchased a MEME token earlier today, booking over $2.1 million in profit in under 12 hours, a 713x return. The address spent $2,972 to acquire 16.11 million MEME tokens, then sold 750,000 tokens for $85,300, and currently holds 15.36 million MEME tokens worth roughly $2.03 million.
10 minutes ago
Rising AI attack risks prompt OpenAI to allocate $1 billion to shore up defenses for its critical infrastructure.
Beating AI News (from Insight) – OpenAI has launched "Daybreak for Frontline Defenders", a $1 billion initiative to provide AI-powered cybersecurity defense for critical infrastructure. Rather than direct grants to organizations, the funding will be delivered as Daybreak model access, training, and technical support. The initial rollout targets U.S. water utilities, power grids, local governments, community banks, nonprofits, and open-source projects, with deployment planned over the next six months. Daybreak helps these entities identify vulnerabilities, analyze anomalies, validate risks, and test patches. OpenAI stated that approximately 2,000 organizations and workspaces are already using the tool, with plans to integrate more than 35 additional enterprise products and services. The initiative was announced alongside GPT-6 Astra, OpenAI’s first model to meet critical cybersecurity capability thresholds. When paired with supporting tools, Astra can already locate unknown vulnerabilities and research new exploitation methods without step-by-step human guidance. OpenAI forecasts that AI-driven cyberattacks will grow more widespread and sophisticated in the coming months.
10 minutes ago
Binance Alpha lists Cluster Protocol (CP), with an airdrop threshold of 235 points.
Binance Alpha has launched Cluster Protocol (CP). Users holding at least 235 Alpha points can claim an airdrop of 860 CP tokens on a first-come, first-served basis. The score threshold will automatically decrease by 5 points every five minutes as long as the event remains ongoing.
Kalshi prediction market has expanded its perpetual futures (perps) offerings to include BNB, Cardano (ADA), and AAVE. The platform shows perpetual contracts for AI altcoins such as Worldcoin (WLD) and Venice Token (VVV) are also live for trading after approval from the US CFTC.
BNB, ADA, WLD, AAVE & Venice Token Perps Trading Goes Live on Kalshi Kalshi has added BNB, ADA, AAVE, WLD, and VVV to its line of US CFTC-regulated perpetual contracts. The products debuted under the trademark “American Perpetuals,” which aims to offer CFTC-regulated perpetual futures contracts for trading in the United States.
Notably, the prediction market platform filed for these perpetual futures with the CFTC last week. The max leverage varies by crypto asset, such as 4.5x for BNB and 1.9x for Venice Token.
Kalshi now offers perpetuals trading for Bitcoin and 17 altcoins such as ETH, XRP, SOL, HYPE, and Zcash. Notably, the perpetuals are CFTC-regulated, don’t have an expiration date, and settle in USD.
As CoinGape reported earlier, Kalshi last launched Zcash (ZEC), Near Protocol (NEAR), Dogecoin (DOGE), and Shiba Inu (SHIB) perps. However, approvals for XLM, DOT, and HBAR are still pending with the US CFTC.
The approvals came despite CME Group’s lawsuit against the US CFTC and Chairman Mike Selig, alleging these contracts are swaps. This week, the CFTC filed a motion to dismiss the CME lawsuit, arguing the exchange lacks standing on its competitive-injury claims.
BNB, ADA, WLD, AAVE and Venice Token Perps. Source: Kalshi
Prices Rebound amid More Perpetual Futures Approval by CFTC BNB price jumped more than 5% to $729 amid broader crypto market recovery. The price is currently trading around $723, with a massive 83% rise in trading volume in the last 24 hours.
ADA price has skyrocketed almost 10% to $0.222 as RealFi sets October 1 mainnet launch. Cardano price outlook shows further upside to $0.28.
Meanwhile, AAVE, WLD, and VVV prices also jumped higher as the US Treasury bought back $12.5 billion of debt in its latest Treasury buyback operation.
If you’re looking to explore prediction markets amid the dip in the crypto market, check out these best crypto prediction markets of 2026.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
DeGods founder spends $1,491 to buy MEME, earning an 810x return.
Per Lookonchain monitoring, DeGods founder Frank (@frankdegods) spent $1,491 to buy 11 million MEME tokens 11 hours ago; the holding is now worth over $1.2 million, delivering an 810x return.
2 minutes ago
AMC’s after-hours trading gains on US stocks widened to over 20%
According to market data from BIT (bit.com), U.S. cinema chain AMC’s after-hours trading gain has expanded to over 20%, with its current price standing at $3.07.
2 minutes ago
AMC CEO responds to Robinhood CEO: Demands an end to AMC stock token trading, plans to seek legal action to halt it.
AMC CEO Adam Aron responded to Robinhood CEO Vlad Tenev, saying Tenev’s concerns about AMC’s stock tokens are “almost existential for the company.” He questioned why Robinhood, a U.S.-based firm, is able to issue products that purportedly represent AMC stock but fail to comply with U.S. securities laws via an offshore entity based in Jersey. Aron noted that AMC spends millions of dollars annually to adhere to U.S. securities regulations, adding that Robinhood’s so-called “synthetic equity market” could decouple stock token trading from the financing arrangements of listed companies. Traditional stockholders hold rights such as voting, but Aron argued that stock tokens do not represent actual equity, meaning investors cannot access corresponding shareholder rights. Aron demanded that Tenev and Robinhood voluntarily halt AMC stock token trading; otherwise, AMC has retained external securities lawyers to explore measures to force Robinhood to cease such activity. He also said he will submit inquiries to the U.S. Securities and Exchange Commission (SEC) regarding Robinhood’s practices. Earlier reports stated that Aron released a statement this morning revealing Robinhood is advancing a tokenized real-world asset and stock token project involving AMC and more than 190 other companies. Aron clarified that AMC has no connection to the project, does not endorse the practices involved, and will immediately retain external securities lawyers to review the matter. Robinhood CEO Vlad Tenev responded that there is no need for concern.
2 minutes ago
Japanese and South Korean stock markets closed higher across the board, with SK Hynix rising more than 3%.
According to Bitget data, the Nikkei 225 index closed 806.46 points higher on Friday, September 4, rising 1.26% to 65,020.94 points. South Korea’s KOSPI index also closed up 107.73 points, or 1.64%, at 6,687.21 points on the same day, with SK Hynix gaining over 3% and Samsung Electronics rising 2.2%.
2 minutes ago
Meme crypto project MEME briefly broke through $110 million in market capitalization, setting a new all-time high.
According to GMGN data, the stock-meme project MEME on Robinhood Chain has been surging, with its market cap briefly breaking through $110 million to hit a new all-time high before pulling back to $95 million. It has surged over 1,000% in 24 hours, with trading volume reaching $59.1 million. MEME leverages stock trading platform Robinhood, pairing with tokenized U.S. stock AMC Entertainment (the U.S. theater chain with ticker AMC) as its liquidity pool, using the MEME/AMC trading pair to provide liquidity. AMC’s CEO stated in a post this morning that Robinhood is advancing a tokenized real-world asset and stock token project involving AMC and over 190 other companies. He noted AMC has no connection to the project, does not endorse the practice, and will immediately request external securities lawyers to review the matter. Robinhood CEO Vlad Tenev responded that there is no need for concern. BlockBeats Note: Stock Meme is an emerging concept that combines traditional meme coins with tokenized U.S. stocks: instead of pairing with USDT or ETH, meme coins are directly paired with on-chain U.S. stock tokens (e.g., NVDA, TSLA, AAPL, etc.). This model retains meme coins’ high volatility and community-driven speculative nature while tapping into the popularity and narrative of real stocks. A portion of transaction fees often flows back to the community treasury to accumulate corresponding U.S. stock tokens, forming a dual-driven model of "sentiment speculation + real asset anchoring". Prices are highly volatile; invest with caution.
2 minutes ago
Bank of Korea: South Korea's memory chip production capacity advantage is expected to further expand.
The Bank of Korea stated that thanks to Samsung Electronics and SK Hynix’s active expansion of domestic production facilities, South Korea’s leading edge in storage chip production capacity is expected to further expand. The central bank projects that new chip factories set to commence operations by 2028 will boost South Korea’s monthly wafer production capacity by approximately 600,000 units.
The crypto industry today is almost unrecognizable from 7 years ago, both in size and scale. Just for decentralized exchanges (DEX), trading volume grew roughly 9,260x from 2019 to a record $4.7 trillion in 2025. In 2026, however, activity moderated to $1.63 trillion year-to-date.
It’s not down to one chain or sector. Liquidity is now distributed across more blockchains, venue types, protocols, and execution environments, without one clearly replacing the others.
SwapSpace recently published its State of Crypto Swaps 2026 report, which shows the massive extent of this growth. One of the clearest findings comes from its own platform data. Over 90.12% of its users interacted with more than one blockchain network in 2026.
At the same time, survey respondents did not identify DEXs, CEXs, or aggregators as universally offering the best rates.
The findings clearly show that the market today offers more execution options, and no single venue, network, or liquidity source dominates every transaction.
DEX Trading Volume Hit a Record High in 2025. Source: SwapSpace
90% of SwapSpace Users Are Multichain
SwapSpace is a crypto exchange aggregator that lets users compare rates across different swap services and exchange different crypto through a single interface. So, the platform has a notable vantage point of how users today interact across different chains.
Among SwapSpace users, multichain activity is not marginal. Between 2022 and 2026, the share of users interacting with more than one network ranged from 72.50% to 93.66%.
It reached its lowest point at 72.50% in 2024, before rising to 90.12% in 2026. Even at the low point of the observed period, nearly three-quarters of users interacted with more than one blockchain.
These figures provide a platform-level view of how users operate in a market where assets and liquidity are spread across multiple networks.
The broader DEX market shows a similar redistribution of activity. According to DeFiLlama data cited in the SwapSpace report, Ethereum accounted for 46.2% of global DEX volume in 2021, while BNB Chain represented another 39.6%.
By 2025, Ethereum’s share was 19.3% and BNB Chain’s 15.3%, while Solana accounted for 33.3% and other chains collectively represented 32.1%.
Global DEX volume share by blockchain, 2021 vs. 2025. Source: DeFiLlama, cited in SwapSpace’s State of Crypto Swaps 2026.
SwapSpace’s internal activity data shows a similar lack of a permanent leader. Ethereum led platform activity from 2020 through 2024, Solana moved into first place in 2025, and BNB Chain led in 2026.
Taken together, the data shows that multichain activity is taking place in a market where liquidity leadership continues to shift between ecosystems.
Leading networks by share of SwapSpace activity, 2019, 2025 and 2026. Source: SwapSpace internal data.
Fragmentation Does Not Stop at the Blockchain Level
The multichain picture captures only one layer of fragmentation. Liquidity is also distributed within individual blockchain ecosystems. The report cites DeFiLlama tracking of around 1,950 protocols on Ethereum, more than 1,200 on BNB Chain, and more than 1,000 each on Arbitrum and Base.
Those protocols can contain different pools, assets, and execution mechanisms. A user operating on Ethereum, for example, is not necessarily accessing one unified liquidity environment.
That creates two layers of complexity: liquidity is distributed between blockchain ecosystems and again between protocols and pools within them.
The distinction matters because the number of possible execution paths can expand even without adding another network. A transaction may involve not only choosing a chain, but also navigating several potential sources of liquidity within that chain.
In that sense, describing the market as simply “multichain” understates how fragmented the execution layer itself has become.
DEX Growth Has Produced a Hybrid Market
DEX trading has grown sharply, but it has not replaced centralized exchanges.
After reaching a record $4.7 trillion in 2025, DEX activity remains significant in 2026, even as the broader crypto market has cooled. Centralized exchanges still handle most spot trading, while DEXs are gaining ground in areas such as perpetual futures.
The result is a more hybrid market. Traders now move between centralized and decentralized venues depending on liquidity, asset availability, transaction size, and market conditions. Crypto trading is becoming more fragmented rather than shifting toward one dominant model.
Best Rate Still Matters — But It Is Not the Only Variable
Price remains central to how users evaluate swaps. Based on the report’s latent class analysis, SwapSpace estimates that 61.86% of survey respondents valued best rate, compared with 52.51% for multichain access and 39.91% for support for rare tokens.
The differences become clearer across user segments. Among crypto-native power users, 97% valued multichain access, 91% best rate, and 87% rare-token support. Traders and business users placed the greatest emphasis on best rate at 88%, while 61% valued multichain access and 52% rare-token support. Mainstream generalists were more balanced, with 76% valuing both best rate and multichain access.
Exchange feature preferences by user segment, 2025. Source: SwapSpace survey.
The figures suggest that price remains important, but users can evaluate a transaction through several variables at once. The quoted rate may matter alongside access to a particular network or asset.
The same ambiguity appears when respondents are asked which venue type offers the best rates in their experience. Answers were distributed across DEXs, CEXs, aggregators, and “depends on the situation,” with no single category emerging as an overwhelming choice.
SwapSpace’s provider data adds another layer of context. Among users who completed at least two exchanges, 70% selected a different liquidity provider for their next transaction, while 30% returned to the same one.
The findings suggest that “best” can be transaction-specific rather than a permanent property of one venue or provider.
Swaps are Serving More Than Trading
The survey also shows that crypto swaps take place in different contexts.
Receiving funds and personal payments were the most common reported crypto use cases among respondents, followed by short-term and long-term trading, while business payments ranked lower.
When respondents were asked which additional platform capabilities they valued, payments for goods and services ranked highest, followed by cashback and automatic swaps. Fiat withdrawal, Telegram functionality, and lending and borrowing ranked lower.
Transaction triggers were similarly varied. Sudden price movements and portfolio rebalancing were the leading triggers for swaps, while news and emergency needs also appeared and influencer signals ranked last.
These findings mean that the same exchange infrastructure can support different objectives, from responding to price movements and managing a portfolio to receiving funds or making payments.
That also means execution requirements are not necessarily identical across transactions. A trader reacting to a sudden market move may prioritize different conditions from someone exchanging assets as part of a payment.
Most users switch between different exchanges for their next swap
Intent-Based Execution Moves Complexity Behind the Interface
One emerging response to this fragmented environment is intent-based execution.
Instead of choosing an exchange, blockchain, or trading route, users simply state what they want to achieve. Competing systems then find a way to complete the trade.
Platforms such as UniswapX, 1inch Fusion, and NEAR Intents already use versions of this model. As crypto liquidity spreads across more venues and networks, this approach could make trading easier by moving routing decisions into the background.
The market can stay fragmented while the user experience becomes much simpler. But that means more of the complexity has to be handled behind the scenes.
How platforms handle that complexity may differ. Intent-based execution is one approach, but not the only one. Ultimately, what matters is whether users can access the networks and liquidity they need without having to navigate the underlying complexity themselves.
Abraxas Capital, a London-based digital asset firm managing over $4 billion, just scooped up 16,554 ETH worth roughly $39 million. At the same time, the firm is sitting on 120,178 ETH in short positions on Hyperliquid, the decentralized perpetual futures exchange.
The two-sided trade The firm’s short exposure on the platform has frequently exceeded $700 to $900 million in gross positions across ETH, Bitcoin, and Solana. Of that, Ethereum consistently accounts for the largest single-asset chunk, with ETH shorts ranging between $120 million and $194 million depending on the day.
Earlier in August, Abraxas withdrew 73,872 ETH from Binance over a four-day stretch, a haul worth approximately $173 million. The latest 16,554 ETH purchase adds to that accumulation pattern.
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Abraxas is collecting ETH at spot prices while using short positions to earn funding rates and hedge against downside risk. When the market pays you to hold shorts (because long traders are paying a premium), you can accumulate the underlying asset while your short positions generate yield.
Profits in the hundreds of millions On August 29, Abraxas posted a $21 million profit in a single 24-hour window, generated from a portfolio containing $472 million in short positions. That kind of daily return, roughly 4.4% on the short book alone, illustrates why the firm keeps scaling into this approach.
The total short exposure has at times ballooned to between $598 million and $783 million across all assets on Hyperliquid. On-chain analysts have been tracking Abraxas’s wallets closely, and the firm frequently ranks among the platform’s top traders by volume.
Why Hyperliquid matters here Hyperliquid operates on its own Layer-1 blockchain and has carved out a niche as the go-to venue for on-chain perpetual futures trading. Its native token, HYPE, has attracted attention partly because institutional players like Abraxas are generating enormous volume on the platform.
What this means for the ETH market The dual approach of accumulating spot ETH while maintaining enormous short positions suggests Abraxas is positioning for multiple scenarios. If ETH drops, the shorts profit. If ETH rises, the spot holdings appreciate. And regardless of direction, funding rates from perpetual futures provide a steady income stream.
A sudden ETH rally would generate unrealized losses on the shorts that need to be managed carefully, even if the spot book offsets some of that pain. Abraxas has faced unrealized losses during volatile stretches, though cumulative profits have remained positive.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Rollups pushed Ethereum blob usage to an ATH this week, with demand the highest its ever been.
The Ethereum ecosystem's blob usage just reached a new all-time high, with a current 3D moving average of 5.9 blobs per block and a daily average of 6.7, according to data highlighted today by Protocol Guild organizer Trent van Epps.
What's the Scoop?The metric: Blobs are the cheap data slots rollups use to post batches to Ethereum. More blobs per block means L2s are putting more activity through Ethereum’s data layer.The tape: Usage has climbed back after a spring dip and is now above prior peaks from late 2025. The activity we're seeing now is still only about 40-50% of the current 14-blob target, so the network is busy but not full.Capacity path: Blob limits have been raised in steps since Dencun, starting with 3/6, then 6/9 in Pectra, 10/15 in BPO1, and 14/21 in January’s BPO2. For the time being, hits on the current 21 max remain rare.Scaling debate: Core devs have been asking when to lift again toward 21/32, weighing cheaper L2 fees against extra bandwidth load and the next gas-limit jump in Glamsterdam. The catch is that keeping this scaling path moving still depends on client-team funding, which Protocol Guild argues remains thin for a chain of Ethereum's size.
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In brief Spot Ethereum ETFs posted $48.08 million in net outflows Wednesday, ending a 12-day inflow streak that had pulled in $1.62 billion. Spot XRP ETFs recorded $7.2 million in outflows, snapping an 11-session run that brought in roughly $170 million and pushed cumulative inflows to $1.68 billion. Bitcoin ETFs rebounded with $101.15 million in net inflows, a day after posting $236.5 million in outflows, their largest single-day exit since July 31. US spot Ethereum and XRP ETFs broke their winning streaks on Wednesday. Bitcoin funds went the other way, pulling in $101.15 million in fresh money, per SoSoValue and Decrypt data.
ETFs, or exchange-traded funds, are funds that trade like stocks and let investors buy exposure to a cryptocurrency's price through a regular brokerage account instead of holding the coin itself. Crypto ETFs have been extremely popular among investors, and market observers keep a close eye on the money going in and out of these funds as a key indicator of current sentiment.
Bitcoin ETF Net Flows. Image: DecryptEthereum ETFs had logged 12 straight days of net inflows, meaning more money came into the funds than left them every single day for two and a half weeks. That streak gathered $1.62 billion before ending Wednesday with $48.08 million walking out the door.
BlackRock's iShares Ethereum Trust (ETHA) led the exodus with $53.4 million in outflows. Fidelity's FETH lost $26.2 million, and Grayscale's Ethereum Staking ETF (ETHE) shed $23.5 million. BlackRock's staked Ethereum ETF, ETHB—a fund that locks up its Ethereum to earn network rewards and passes some of that yield to shareholders—absorbed part of the damage with $52.9 million in inflows.
Ethereum ETF Net Flows. Image: DecryptXRP told a similar story on a smaller scale. Its 11-session streak had brought in about $170 million, lifting cumulative inflows to $1.68 billion, before Wednesday's $7.2 million outflow. The withdrawal came almost entirely from Bitwise's XRP fund, while the four other XRP products, issued by Franklin, Canary, 21Shares and Grayscale, recorded no flows either way.
Bitcoin moved in the opposite direction. Wednesday's $101.15 million inflow reversed Tuesday's $236.5 million outflow, the category's largest single-day exit since July 31, when BlackRock's IBIT alone accounted for 85% of the damage. This time IBIT led the comeback, pulling in $115.45 million on its own, more than the day's entire net total, while Grayscale's original GBTC fund still lost $56.21 million.
The whiplash caps a volatile stretch. Bitcoin ETFs pulled in $3.52 billion in August, their best month of 2026, a run that included a $606 million single-day haul in mid-August, the biggest since May. Total net assets across the category now sit at $97.22 billion, with cumulative inflows near $54.7 billion since the funds launched in January 2024.
XRP ETF Net Flows. Image: DecryptSeptember has a habit of testing that momentum. Bitcoin has closed the month lower in eight of the past 13 years, a pattern Decrypt has tracked as Red September, and this year's version arrives with the Federal Reserve's rate decision landing September 15 to 16, the first hike debate since the central bank's 2022-2023 tightening cycle
Why the money picked BitcoinWednesday's split wasn't just Ethereum and XRP losing steam. Solana ETFs also posted a $6.13 million outflow the same day, meaning three of the four major crypto ETF categories retreated while only Bitcoin advanced. That's a narrower signal than "crypto is cooling"—it looks more like capital consolidating into Bitcoin specifically rather than spreading across digital assets broadly, a pattern that also showed up during last month's institutional buying spree.
In the most overly simplistic explanation, Bitcoin is the bigger, thus safer asset in the ecosystem.
Myriad: Bitcoin's next price move? Click to make your prediction.Another thing to consider comes with simple market expectation. Ethereum and XRP had each just run their longest inflow streaks in months, 12 and 11 sessions respectively, so a pause to lock in gains was overdue on both. Bitcoin, by contrast, was coming off Tuesday's outflow and had room to bounce.
The rest is macro nerves. Fed Chair Kevin Warsh's hawkish Jackson Hole remarks pushed September rate-hike odds above 60% on the CME's FedWatch tool, and when crypto investors get defensive, Bitcoin is typically the first asset they buy back into and the last one they exit, since it carries the deepest liquidity and the longest institutional track record of any crypto ETF on the market. XRP and Ethereum, both newer and thinner by comparison, tend to see that caution show up as outflows first.
The simplest explanation tends to be the right one.
Disclaimer
The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.
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In brief Spot Ethereum ETFs posted $48.08 million in net outflows Wednesday, ending a 12-day inflow streak that had pulled in $1.62 billion. Spot XRP ETFs recorded $7.2 million in outflows, snapping an 11-session run that brought in roughly $170 million and pushed cumulative inflows to $1.68 billion. Bitcoin ETFs rebounded with $101.15 million in net inflows, a day after posting $236.5 million in outflows, their largest single-day exit since July 31. US spot Ethereum and XRP ETFs broke their winning streaks on Wednesday. Bitcoin funds went the other way, pulling in $101.15 million in fresh money, per SoSoValue and Decrypt data.
ETFs, or exchange-traded funds, are funds that trade like stocks and let investors buy exposure to a cryptocurrency's price through a regular brokerage account instead of holding the coin itself. Crypto ETFs have been extremely popular among investors, and market observers keep a close eye on the money going in and out of these funds as a key indicator of current sentiment.
Bitcoin ETF Net Flows. Image: DecryptEthereum ETFs had logged 12 straight days of net inflows, meaning more money came into the funds than left them every single day for two and a half weeks. That streak gathered $1.62 billion before ending Wednesday with $48.08 million walking out the door.
BlackRock's iShares Ethereum Trust (ETHA) led the exodus with $53.4 million in outflows. Fidelity's FETH lost $26.2 million, and Grayscale's Ethereum Staking ETF (ETHE) shed $23.5 million. BlackRock's staked Ethereum ETF, ETHB—a fund that locks up its Ethereum to earn network rewards and passes some of that yield to shareholders—absorbed part of the damage with $52.9 million in inflows.
Ethereum ETF Net Flows. Image: DecryptXRP told a similar story on a smaller scale. Its 11-session streak had brought in about $170 million, lifting cumulative inflows to $1.68 billion, before Wednesday's $7.2 million outflow. The withdrawal came almost entirely from Bitwise's XRP fund, while the four other XRP products, issued by Franklin, Canary, 21Shares and Grayscale, recorded no flows either way.
Bitcoin moved in the opposite direction. Wednesday's $101.15 million inflow reversed Tuesday's $236.5 million outflow, the category's largest single-day exit since July 31, when BlackRock's IBIT alone accounted for 85% of the damage. This time IBIT led the comeback, pulling in $115.45 million on its own, more than the day's entire net total, while Grayscale's original GBTC fund still lost $56.21 million.
The whiplash caps a volatile stretch. Bitcoin ETFs pulled in $3.52 billion in August, their best month of 2026, a run that included a $606 million single-day haul in mid-August, the biggest since May. Total net assets across the category now sit at $97.22 billion, with cumulative inflows near $54.7 billion since the funds launched in January 2024.
XRP ETF Net Flows. Image: DecryptSeptember has a habit of testing that momentum. Bitcoin has closed the month lower in eight of the past 13 years, a pattern Decrypt has tracked as Red September, and this year's version arrives with the Federal Reserve's rate decision landing September 15 to 16, the first hike debate since the central bank's 2022-2023 tightening cycle
Why the money picked BitcoinWednesday's split wasn't just Ethereum and XRP losing steam. Solana ETFs also posted a $6.13 million outflow the same day, meaning three of the four major crypto ETF categories retreated while only Bitcoin advanced. That's a narrower signal than "crypto is cooling"—it looks more like capital consolidating into Bitcoin specifically rather than spreading across digital assets broadly, a pattern that also showed up during last month's institutional buying spree.
In the most overly simplistic explanation, Bitcoin is the bigger, thus safer asset in the ecosystem.
Myriad: Bitcoin's next price move? Click to make your prediction.Another thing to consider comes with simple market expectation. Ethereum and XRP had each just run their longest inflow streaks in months, 12 and 11 sessions respectively, so a pause to lock in gains was overdue on both. Bitcoin, by contrast, was coming off Tuesday's outflow and had room to bounce.
The rest is macro nerves. Fed Chair Kevin Warsh's hawkish Jackson Hole remarks pushed September rate-hike odds above 60% on the CME's FedWatch tool, and when crypto investors get defensive, Bitcoin is typically the first asset they buy back into and the last one they exit, since it carries the deepest liquidity and the longest institutional track record of any crypto ETF on the market. XRP and Ethereum, both newer and thinner by comparison, tend to see that caution show up as outflows first.
The simplest explanation tends to be the right one.
Disclaimer
The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.
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Ethereum reclaimed the $2,400 level but faces mounting uncertainties driven by sliding ETF demand and weakening technical momentum, raising concerns over the sustainability of recent gains.
Mixed ETF Flows and Institutional AppetiteETH was trading at $2,405.5 on September 3, rising 1.18% in the past 24 hours, with a daily trading volume of $14.37 billion and a market capitalization near $293.32 billion. Despite this modest rebound, investor sentiment remains cautious after a recent reversal in ETF flows.
Data showed that spot Ethereum ETFs in the US recorded $48 million in outflows on September 2, erasing what had been a streak of 12 consecutive sessions with net inflows totaling $1.62 billion. This shift in flows has caught the attention of both traders and market analysts.
ETF flows have become a critical gauge of institutional involvement in Ethereum. Sustained inflows offer potential support for upward price movement, while persistent outflows can signal waning confidence or profit-taking by large investors.
Significant outflows from ETH spot ETFs have prompted concerns that institutional appetite for Ethereum may be softening, with continued redemptions posing risks to price stability above key support levels.
Key Technical Levels in FocusAnalyst Ted highlighted the crucial importance of the $2,350 threshold, stating that a weekly close below this point would strengthen bearish sentiment and could trigger a further drop toward $2,200, implying a substantial correction from current price levels.
Technically, Ethereum is trading just above the midpoint of its Bollinger Bands at $2,325, which offers temporary support. However, both the Bollinger Bands and other leading indicators suggest a mixed outlook. The upper and lower bands, set at approximately $2,771 and $1,879 respectively, point to elevated price volatility.
The MACD indicator currently stands at 121.6, below its signal line at 136.8, with the histogram at -15.2, suggesting reduced upward momentum and an ongoing risk of further downside pressure.
Bulls must keep prices above $2,350 to preserve the ongoing recovery trend. Should ETH fall below this critical level on a weekly close, the focus will shift to the next key area of support at $2,200. Persistent ETF outflows and weakening technicals make defending these levels even more important.
Broader Shifts in Tokenized AssetsBeyond price and on-chain signals, the broader investment landscape is also undergoing significant changes. While technical indicators such as the RSI and MACD help traders navigate volatile markets, major institutional players are increasingly exploring Web3 platforms. Wall Street participants are moving to protocols like 1stepSwap to hold traditional assets such as US equities, gold, and silver directly within crypto wallets. By tokenizing real-world assets and providing rapid access to competitive pricing, these platforms aim to bypass traditional intermediaries and streamline investment processes.
For Ethereum, the convergence of shifting ETF flows, critical technical support tests, and evolving investment models creates a landscape full of both risk and opportunity.
The interplay between ETF movements and ongoing technical signals continues to drive uncertainty for Ethereum, putting added focus on whether bulls can keep the price above important support zones in the face of bearish momentum.
The crypto market rallied sharply Thursday as easing rate fears, Treasury liquidity measures, and renewed institutional demand strengthened risk appetite.
Bitcoin price surpassed $81,000, Ethereum price regained above $2,490, and XRP price led other major tokens. Reductions in employment indicators and large liquidations were impetus throughout the digital assets in the expansive market growth.
Crypto Market Rallies as Bitcoin, ETH, XRP and Major Altcoins Surge The total cryptocurrency capitalization increased by 5% over 24 hours, with tokens in the broad gains. Bitcoin price climbed nearly 5%, adding $3,200 within four hours before moving above $81,000. The progress wiped five days of losses and stretched the recovery of August.
Bitcoin price gained roughly 25% last month, its best monthly performance since November 2024. Ethereum price rebounded to $2,490, and Solana price rose to over $104 and XRP price rose approximately 10%.
Cardano price increased by 13%, Dogecoin price increased by 10%, and Sui price by over 17%.
Coin360 data Cryptocurrency stocks surged as the mood rose among the digital asset markets. The coordinated returns indicated that investors were flocking back to risky assets.
Cooling US Labor Data and Falling Rate Expectations Boost Risk Assets Thursday’s releases encouraged expectations for easier monetary policy. The first jobless claims were 206,000, which surpassed 205,000 expectation and 203,000 level. ADP also showed 38,000 payroll additions, short of the expected 47,000 and an indicator of employment weakness.
The numbers reduced Treasury yields and undermined the dollar with investors reviewing the Fed policy. The labor softness was against the ISM Services Index that was 55.4. The reading was higher than the 54.3 prediction and ensured further growth of service-sector.
The reports were considered by investors to favor a potential rate cut, which tends to favor risk assets. The next market direction and policy expectation test is the jobs report on Friday.
Bitcoin ETF Inflows and Short Liquidations Accelerate the Market Rally Liquidity improved after the Treasury announced up to $12.5 billion in short-term debt buybacks. Settlement is Friday, although the operation does not represent quantitative easing. Long-term buybacks were considered by investors as they could enhance liquidity in the market.
Spot Bitcoin ETFs recorded $101 million in Wednesday inflows, restoring demand. September began with $236.46 million leaving, followed by another $9.3 million the next session. Spot Ether funds reported an outflow of 48 million and their 12-day streak of positive performance came to a close.
Bitcoin’s advance liquidated over $300 million in shorts, forcing traders to repurchase exposure. The cascade accelerated Bitcoin’s move above $81,000 and lifted the cryptocurrency market.
CLARITY Act Senate Vote Fuels Regulatory Optimism Ahead of September 15 There was optimism with regulatory expectations approaching end of September 15. The CLARITY Act is likely to be voted on in a Senate procedural vote. It would not determine final passage, but only signify that lawmakers take the proposal into account.
SEPTEMBER 15 IS GETTING CLOSER.
The CLARITY Act is now just days away from a key Senate test.
The vote is on whether to move forward with consideration of the bill, not final passage.
If it clears this hurdle, the U.S. gets one step closer to finally having a proper regulatory… pic.twitter.com/e5KVc6xv4N
— That Martini Guy ₿ (@MartiniGuyYT) September 3, 2026
The act of clearing it would bring Congress nearer to a federal cryptocurrency market structure. Proponents feel that regulation would promote investment and decrease uncertainty to the exchanges, issuers and institutions. Nevertheless, the procedural vote is just a part of a legislative process.
This has traders waiting to see whether the measure will get enough Senate support to pass. Important near-term factors include the macroeconomic data, ETF demand, Treasury yields and the jobs report on Friday.
