By Francisco Rodrigues (All times ET unless indicated otherwise) Bitcoin (BTC) rose just 0.6% in the last 24 hours, while the wider market as measured by the CoinDesk 20 ( CD20 ) Index added 0.4%. The gain is overshadowed by gold’s increase and a major government bond 0 precious metal broke through $3,500 per ounce for the first time on Wednesday, helping the tokenized gold market to top $2.5 billion in value as growing bets see the Federal Reserve cutting rates this month. Gold's advance comes as investors are wary of swelling government debt, prompting a sell-off in long-dated government 1 yield on Japan's 30-year government bond rose to a record 3.28% following similar moves in the 2 3 U.
S. 30-year Treasury yield neared 5%, while British gilts reached levels not seen since 1998 , at 5.7%. The turmoil hasn’t added fuel to the crypto market, whose price action remains muted. Deribit’s bitcoin volatility index (DVOL) is now at 38.1, its lowest level since late 2023, while capital is seemingly rotating into ether (ETH). While spot bitcoin ETFs saw $751 million in net outflows last month, spot ether ETFs brought in a net $3.87 4 rotation is also being seen on-chain.
Meanwhile, a joint statement from the SEC and CFTC clarified rules for compliant spot crypto trading in the agencies’ latest effort to clear a way forward for crypto in the 5 statement failed to jolt the crypto market, seemingly as investors await Friday’s 6 report. A soft reading could nudge the Federal Reserve closer to lowering rates, which would boost the market and other risk assets. A hotter-than-expected figure, however, could damp 7 has historically been a negative month for the sector, with bitcoin recording a drop of 3.29% on average for the month according to CoinGlass 8 alert! What to Watch Crypto Sept. 3: First day of regular-hours trading on Nasdaq for American Bitcoin (ABTC).
The company, backed by Eric Trump and Donald Trump Jr., was formed through a reverse merger with Gryphon Digital Mining and listed after market close on Sept. 2. Sept. 3, 10:15 a. m.: Tellor (TRB), a decentralized oracle network that operates as an Ethereum layer-2 blockchain, will upgrade its mainnet to version 9 upgrade improves network performance and node operation. Sept. 4: Polygon will switch its mainnet token to POL from 10 of MATIC on Ethereum, Polygon zkEVM or centralized exchanges may need to take action.
Sept. 10, 9:15 a. m.: Comptroller of the Currency Jonathan 11 will talk about digital assets at the CoinDesk: Policy & Regulation Conference in 12 Sept. 3, 8 a. m.: Brazil’s Institute of Geography and Statistics (IBGE) releases July industrial production 13 Production MoM Est. -0.3% vs. Prev. 0.1% Industrial Production YoY Est. 0.2% vs.
Prev. -1.3% Sept. 3, 9 a. m.: S&P Global releases August Brazil data on manufacturing and services 14 PMI Prev. 46.6 Services PMI Prev. 46.3 Sept. 3, 10 a. m.: The 15 of Labor Statistics releases July labor market data (the JOLTS report). Job Openings Est. 7.4M vs.
Prev. 7.437M Job Quits Prev. 3.142M Sept. 4, 8:15 a. m.: Automatic Data Processing (ADP) releases August U. S. private-sector employment 16 Change Est. 68K vs.
Prev. 104K Sept. 4, 9:30 a. m.: S&P Global releases August Canada data on manufacturing and services 17 PMI Prev. 48.7 Services PMI Prev. 49.3 Sept. 4, 9:45 a. m.: S&P Global releases (final) August 18 on manufacturing and services 19 PMI Est. 55.4 vs. Prev. 55.1 Services PMI Est. 55.4 vs.
Prev. 55.7 Sept. 4, 10 a. m.: The Institute for Supply Management (ISM) releases August 20 sector 21 PMI Est. Est. 51 vs. Prev. 50.1 Sept. 4, 1 p.
m.: Uruguay's National Institute of Statistics releases August inflation 22 Rate YoY Prev. 4.53% Sept. 4, 3 p. m.: Colombia's National Administrative Department of Statistics (DANE) releases August producer price inflation 23 YoY Prev. 2.2% Earnings (Estimates based on FactSet data) Sept. 9: GameStop ( GME ), post-market Token Events Governance votes & calls Arbitrum DAO is voting on upgrading Arbitrum One and Nova to ArbOS 50 Dia , adding support for Ethereum’s Fusaka fork, new EIPs, bug fixes and a native mint/burn feature (for Orbit chains only). Voting ends 24 DAO is voting on deploying Uniswap v3 on Ronin with $1M in RON and $500K in UNI incentives to make it the chain’s primary decentralized 25 ends 26 DAO is voting on a proposal to migrate Nethermind’s ~7,000 Ethereum validators to infrastructure operated by Twinstake, a staking provider co-founded by 27 ends Sept. 8.
Sept. 2, 6 a. m.: Bybit and Centrifuge to host an ask me anything (AMA) session on X spaces. Sept. 3: Stellar (XLM) to host vote on Protocol 23 mainnet upgrade. Sept. 3, 10 am: Lido to host a Poolside Community Call.
Sept. 3, 10 a. m.: Zebec Network ZBCN$0.004202 to host spaces event on blockchain integrations. Sept. 3, 12:30 p. m.: Aptos (APT) to host hangout on ecosystem updates .
Sept. 4, 10 a. m.: Olympus(OHM) to host community 28 Sept. 5: Immutable (IMX) to unlock 1.27% of its circulating supply worth $13.26 million. Sept. 11: Aptos (APT) to unlock 2.2% of its circulating supply worth $48.18 million. Sept. 15: Starknet (STRK) to unlock 5.98% of its circulating supply worth $16.39 million.
Sept. 15: Sei (SEI) to unlock 1.18% of its circulating supply worth $16 million. Sept. 16: Arbitrum (ARB) to unlock 2.03% of its circulating supply worth $47.15 29 Launches Sept. 3: Moonchain (MCH) to be listed on Binance Alpha, MEXC, 30 and 31 The CoinDesk Policy & Regulation Conference (formerly known as State of Crypto) is a one-day boutique event held in Washington on Sept. 10 that allows general counsels, compliance officers and regulatory executives to meet with public officials responsible for crypto legislation and regulatory 32 is 33 code CDB15 for 15% off your registration. Sept. 3-4: CONF3RENCE (Dortmund, Germany) Sept. 3-5: bitcoin++ (Istanbul) Sept. 4-5: ETHWarsaw 2025 (Warsaw) Sept. 4-6: Taipei Blockchain Week (Taiwan) Sept. 5: Bitcoin Indonesia Conference 2025 (Bali) Sept. 9-10: Fintech Week London 2025 Sept. 9-10: WOW Summit Hong Kong 2025 Sept. 9-13: Boston Blockchain Week (Quincy, Massachusetts) Token Talk By Oliver Knight Bitcoin (BTC) dominance, a key metric when assessing whether the crypto market is in "altcoin season" has ticked down another notch to around 58%, having been above 61% just 30 days 34 drop-off demonstrates a change in trader behavior: Typically altcoins perform poorly when BTC enters a downtrend, this time, however, many have held their value while some have outperformed the market's largest 35 is down by 2.91% in the past 30 days while the likes of ether (ETH) and solana (SOL) are up by 21% and 27.5%, 36 the gains have been driven by the adoption of several altcoins in corporate treasuries, they can also be attributed to a recalibration of the entire 37 BTC's rise to a $124,000 record high last month, the narrative was solely focused on bitcoin and it's perceived correlation with the well-performing tech sector in equities.
It's worth noting that in previous cycles bitcoin dominance slumped all the way down to 39%, indicating that the altcoin resurgence still has some way to go. However, as liquidity flowed into BTC, several altcoins fell to record lows against bitcoin, leading to a number being "oversold" on technical indicators like relative strength index (RSI). Derivatives Positioning The total open interest across all perpetual instruments increased overnight to $114 billion, data from Laevitas show. A liquidations heatmap for the BTC-USDT pair on Binance shows that bitcoin is trading between two significant liquidation 38 the current price, a $90 million cluster of liquidations sits around the $112,200 39 the downside, the largest cluster is valued at $76.6 million, located around $110,000.
According to Deribit options data, the 24-hour BTC put-call volume is 26.4K contracts, with calls accounting for 51.6% of the 40 contract with the highest volume is the $108K strike price put expiring Sept. 26. That's followed by the call at a strike price of $114K expiring on the same 41 funding rate heatmap on Coinglass remains positive for most assets, indicating a general bullish 42 one exception is TRX, which has a negative funding rate, reflecting a -10.2% 43 Movements BTC is down 0.1% from 4 44 Tuesday at $111,323.58 (24hrs: +0.92%) ETH is up 0.82% at $4,348.94 (24hrs: -0.89%) CoinDesk 20 is up 0.59% at 4,046.65(24hrs: +1.01%) It's worth noting that in previous cycles bitcoin dominance slumped all the way down to 39%, indicating that the altcoin resurgence still has some way to 45 Positioning DXY is down 0.15% at 98.25 Gold futures are up 0.36% at $3,605.20 Silver futures are unchanged at $41.62 Nikkei 225 closed down 0.88% at 41,938.89 Hang Seng closed down 0.6% at 25,343.43 FTSE is up 0.43% at 9,155.78 Euro Stoxx 50 is up 0.84% at 5,335.46 DJIA closed on Tuesday down 0.55% at 45,295.81 S&P 500 closed down 0.69% at 6,415.54 Nasdaq Composite closed down 0.82% at 21,279.63 S&P/TSX Composite closed up 0.18% at 28,615.62 S&P 40 Latin America closed down 0.32% at 2,760.02 U.
S. 10-Year Treasury rate is up 0.2 bps at 4.279% E-mini S&P 500 futures are up 0.46% at 6,454.75 E-mini Nasdaq-100 futures are up 0.68% at 23,433.75 E-mini Dow Jones Industrial Average Index are unchanged at 45,352.00 Bitcoin Stats BTC Dominance: 58.59% (+0.04%) Ether-bitcoin ratio: 0.0389 (0.01%) Hashrate (seven-day moving average): 1,001 EH/s Hashprice (spot): $54.39 Total fees: 4.97 BTC / $548,282 CME Futures Open Interest: 133,410 BTC BTC priced in gold: 31.4 46 vs gold market cap: 8.85% Technical Analysis PUMP has been one of the strongest tokens in recent days, backed by strong fundamentals such as its buyback program and the recently announced Project Ascend — a series of updates that focuses on growing the 47 ecosystem and 48 breaking the bearish trendline last week, PUMP has reclaimed the 20-day exponential moving 49 are looking for the token to continue this upward trend and flip the $0.004 level, which has proven to be a tough resistance point over the last month.
A successful breakout above this price would signal strong bullish 50 Equities Coinbase Global (COIN): closed on Tuesday at $303.56 (-0.32%), +0.74% at $305.80 in pre-market Circle (CRCL): closed at $120.14 (-8.97%), +2.22% at $122.81 Galaxy Digital (GLXY): closed at $24.16 (+2.85%), +0.99% at $24.40 Bullish (BLSH): closed at $62.03 (+5.08%), -0.55% at $61.69 MARA Holdings (MARA): closed at $16.06 (+0.5%), +0.31% at $16.11 Riot Platforms (RIOT): closed at $14.09 (+2.4%), +0.5% at $14.16 Core Scientific (CORZ): closed at $14 (-2.44%), unchanged in pre-market CleanSpark (CLSK): closed at $9.64 (+1.8%), +0.1% at $9.65 CoinShares Valkyrie Bitcoin Miners ETF (WGMI): closed at $31.64 (+3.33%), +2.84% at $32.54 Exodus Movement (EXOD): closed at $24.79 (-1.71%), -1.21% at $24.49 Crypto Treasury Companies Strategy (MSTR): closed at $341.62 (+2.16%), +0.66% at $343.88 Semler Scientific (SMLR): closed at $29.37 (-0.91%) SharpLink Gaming (SBET): closed at $16.98 (-4.71%), +0.94% at $17.14 Upexi (UPXI): closed at $6.89 (-4.7%), +3.48% at $7.13 Mei Pharma (MEIP): closed at $4.85 (-0.21%), +1.44% at $4.92 ETF Flows Spot BTC ETFs Daily net flows: $332.8 million Cumulative net flows: $54.55 billion Total BTC holdings ~1.29 million Spot ETH ETFs Daily net flows: -$135.3 million Cumulative net flows: $13.4 billion Total ETH holdings ~6.56 million): A surge in long-term Treasury yields to near 5% has revived doubts over lofty equity valuations, even as investors bet on Fed rate cuts and fret about debt-fueled 51 Cagney's Figure Technologies Seeks Over $4B Valuation in Nasdaq IPO (CoinDesk): The firm, set to list under ticker FIGR, aims to raise $526 million after originating more than $16 billion in home equity credit through its Provenance 52 Twins Back $147M Raise for Treasury’s Landmark European Bitcoin Listing (CoinDesk): In a round led by Winklevoss Capital and Nakamoto Holdings, Treasury BV raised $147 million to buy 1,000 bitcoin and struck a deal to execute a reverse listing on Euronext 53 Raises Dividend on STRC Offering to Attract Yield-Seeking Investors (CoinDesk): The company increased the dividend by 1 percentage point to help STRC price reach the $100 54 also declared the quarterly dividends for STRD, STRF and STRK 55 Exchange OKX Fined $2.6M in Netherlands for Failing to Register With Dutch National Bank (CoinDesk): Dutch regulators fined OKX over legacy registration failures predating MiCA, though the exchange stressed users were unaffected and noted it has since migrated Dutch clients to a licensed EU entity.
China’s Xi Projects Power at Military Parade With Putin and Kim (Reuters): Appearing in public with the two for the first time, Xi told 50,000 in Tiananmen Square that China stands on the “right side of history” and hailed its “unstoppable” 56 the Ether
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