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Share link:In this post: Ether’s liquidity dropped 20% on U.S. exchanges and 19% on offshore venues after the debut of nine ETFs in July. On September 5, Ethereum spot ETFs saw $152,700 in outflows, with Grayscale’s ETHE losing $7.3895 million in a single day. Bitcoin ETFs have gained $5 billion since launch, while Ethereum ETFs have experienced $500 million in net outflows.
Quick Take EFUT shareholders have until market close on Sept. 16 to sell their shares, with the fund’s liquidation date is set for Sept. 23. EFUT held $21.24 million in total net assets and maintained a NAV of $20.23 as of Sept. 5 The decision to close the fund was related to the approval of VanEck’s spot Ethereum ETF ETHV.
BTC went to another monthly low of $54,400 in minutes.
The crypto markets are crashing amid interesting developments in the US political scene.
Share link:In this post: Bitcoin fell below $54,000, reaching a new one-month low of $53,806. The decline followed weaker-than-expected August nonfarm payrolls data. The U.S. dollar strengthened by 0.3%, affecting Bitcoin’s initial reaction to the data.
Quick Take The Sept. 18 event will come at the heels of a bus tour called the “America Loves Crypto Tour,” which visited five swing states. Crypto has become a hotly contested election issue for the industry.
BitMex co-founder Arthur Hayes says Bitcoin is headed to $50,000 this weekend.
- 22:42The probability of the Federal Reserve keeping rates unchanged in June is 91.8%According to a report by Jinse Finance, based on CME's "FedWatch": the probability of the Federal Reserve maintaining rates unchanged in June is 91.8%, and the probability of a 25 basis point rate cut is 8.2%. The probability of the Federal Reserve maintaining rates unchanged in July is 61.4%, with a cumulative probability of a 25 basis point rate cut at 35.9% and a cumulative probability of a 50 basis point rate cut at 2.7%.
- 22:14Blinken: Trump Only Respects Hardline LeadersAccording to a report by Jinse Finance, former U.S. Secretary of State Blinken stated in an interview with The Times that current President Trump only respects hardline leaders. He also mentioned that Trump now views Europe as weak and disunited, urging European leaders to bravely confront the White House. Blinken said, "In my view, when Trump looks at the world, he focuses on a few aspects. From his perspective, he pays attention to strong leaders or powerful countries. To be honest, when he looks at Europe, I feel he sees a continent that is not strong or united, a weaker actor. So I think part of the challenge for Europe to gain President Trump's attention is to demonstrate stronger cohesion, higher unity, and clearer common goals, because only then will Europe be taken more seriously."
- 22:11Bitget has launched LAUNCHCOINBitget has launched Launch Coin on Believe (LAUNCHCOIN). According to Bitget market data, LAUNCHCOIN is currently priced at 0.2 USDT, with a market capitalization exceeding 200 million USD.