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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.
- 20:47U.S. Commerce Secretary: Trump Not Focused on Markets at the MomentAccording to Jinse, U.S. Commerce Secretary Wilbur Ross stated that President Trump is currently not focused on the market.
- 20:47OpenAI Founder: Additional Fixes on Model's Personality UnderwayReported by Jinse, OpenAI founder Sam Altman stated that the rollback of the latest update for GPT-4o began last night. Free users have already been fully restored, and recovery for paid users is underway, with completion expected later today. Additional fixes on the model's personality are currently underway, and more information will be shared in the coming days.
- 20:47U.S. Commerce Secretary: Trade Agreement Reached with an Anonymous CountryAccording to Jinse, U.S. Commerce Secretary Lutenick stated in an interview with CNBC on Tuesday that he has reached a trade agreement with an anonymous country. He said, "One of my agreements has been reached, reached, reached, reached. But I need to wait for their leader and their parliament to approve it, which I expect will happen soon." This trade agreement will be the first reached by the current Trump administration. However, Lutenick refused to disclose which country it is.