Cash markets do not share a clock and RWA perps don’t wait for them to agree. August was another record month against the previous report’s published July baseline. The tracked RWA perp market generated $751.9 billion in RWA perp volume, versus $708.3 billion in July, a 6.2% increase. The market also handled a wider range of situations. Memory equities reversed after a long run higher. Seoul paused program trading during a sharp selloff. Moderna doubled after a clinical readout. Different markets, different schedules, one place to keep trading. The month was larger AND broader: more assets, more types of event, and more reasons to trade around the clock. Yet, still a lot of market left to build. Memory Equities Traded in Both Directions July was a one-way memory trade. August brought the other side of it. The tracked memory complex — SNDK, SKHYNIX, SKHY, MU, SNXX, DRAM, and SAMSUNG — generated $327.4 billion, or 43.5% of August volume. Four of the ten most-traded assets came from the group: SNDK ranked first, SKHYNIX third, MU sixth, and SKHY tenth.
On August 4, the memory trade moved higher. SanDisk rose 8%, Micron 6%, and SK hynix 4% after the companies advanced the first Open Compute Project HBF specification. On August 18, it moved lower: Micron fell 5%, SanDisk 6%, Western Digital 7%, and SK hynix 6% as Treasury yields moved higher and investors repriced the trade. The same group drove both the rally and the selloff and kept trading through both. Korea Sold Off; Perps Kept Trading Korean exposure was not a side story. SKHYNIX ranked third, KORU ninth, and SKHY tenth. Together, they generated $117.1 billion, or 15.6% of August volume. On August 19, the KOSPI fell nearly 6% and a Korea selloff triggered a five-minute sell-side sidecar for program trading. After the close, SK hynix announced a 40 trillion won buyback plan, and the KOSPI recovered almost all of the previous session’s loss the next day. MRNA Perps Listed in Hours. Depth Did Not. On August 19, Moderna and Merck reported positive Phase 3 results for their personalised mRNA cancer vaccine in melanoma. Moderna’s stock rose 176.97% in the session. Very few venues had an MRNA market live before the result; TrueCurrent was one. A few more markets followed shortly after the news broke, including TradeXYZ. From its August 19 listing through month-end, MRNA generated $571.6 million and ranked 69th by volume. Its first two sessions produced $213.5 million combined, representing close to 40% of its total monthly volume. The point is access to the event, not the total volume. Traders already have venues for recurring events around the MAG7 and large technology and AI companies, especially earnings. MRNA showed how that can extend to a smaller public company when a one-off clinical result drives attention. With the right risk, and market-data systems, an exchange can make the event tradable quickly, while the news is still relevant and driving volatility. The 24/7 Reference-Price Problem August brought a market-structure question into focus: who produces a usable price when traditional market infrastructure is closed, paused, or has not opened yet? Douro Labs and the Hyperliquid Policy Center brought that question into the SEC’s market-structure process, arguing that the SEC should recognize qualifying independent reference prices for onchain markets where the SIP-derived NBBO is unavailable or does not reflect onchain conditions. The standard they describe rests on direct contributors, a published methodology, transparent publishers, and checks against traditional market data. A separate SEC comment from the Hyperliquid Policy Center and trade[XYZ] used IPOPs — cash-settled pre-IPO perpetuals with no shares, voting rights, or claim on the issuer — as an example of price discovery before a public listing. The CFTC comment process raises a related question for 24/7 futures and perpetuals in energy markets, where the underlying can keep moving after U.S. futures close. All point to the same shift: perps are bringing questions of data provenance, instrument classification and market access into policy discussions. That is directly relevant to RWA markets. These issues are directly relevant to Pyth, whose data infrastructure is used across much of the tracked volume. August in Numbers August closed at $751.9 billion in tracked volume, a 6.2% increase from the previous month.
Asset Class Ranking The market is very much still equity-led with $487.3 billion or 64.8% of the total volume. Commodities followed at $152.3 billion (20.3%), then indices at $103.9 billion (13.8%) and FX at $8.3 billion (1.1%).
Venue Ranking August showcased a reshuffle behind Binance which is head and shoulders above the rest and still growing ($385.6 billion to $437.4 billion). OKX took the 2nd spot as it held its volume above $100 billion and moved from third to second, while Hyperliquid dropped sharply from July’s second-place position to $84.6 billion in August. The RWA perp volume remained top-five concentrated with over 95% of it being traded on Binance, OKX, Hyperliquid, Bitget, and Bybit.
Market-Data Provider Ranking On the data provider and infrastructure front, Pyth remained the undisputed leader with over $715 billion in RWA perp volume secured, representing 96.27% of the total tracked RWA perp volume. One extra percentage point compared to July further solidifying Pyth Pro and Indices as the products powering 24/7 tradfi markets.
Methodology and Sources All volume, listing and provider figures are drawn from Refraction Research and the RWA Markets dashboard, built by @zinnresearch. Volume is notional traded volume across tracked perpetual venues. Volume priced per market data provider attributes each venue-symbol pair to its stated pricing source, weighted by volume. Pairs without a confirmed source are recorded as unverified.
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August Yielded a Record Month in RWA Perp Volume
Cash markets do not share a clock and RWA perps don’t wait for them to agree.
August was another record month against the previous report’s published July baseline. The tracked RWA perp market generated $751.9 billion in RWA perp volume, versus $708.3 billion in July, a 6.2% increase.
The market also handled a wider range of situations. Memory equities reversed after a long run higher. Seoul paused program trading during a sharp selloff. Moderna doubled after a clinical readout. Different markets, different schedules, one place to keep trading.
The month was larger AND broader: more assets, more types of event, and more reasons to trade around the clock. Yet, still a lot of market left to build.
Memory Equities Traded in Both Directions
July was a one-way memory trade. August brought the other side of it.
The tracked memory complex — SNDK, SKHYNIX, SKHY, MU, SNXX, DRAM, and SAMSUNG — generated $327.4 billion, or 43.5% of August volume. Four of the ten most-traded assets came from the group: SNDK ranked first, SKHYNIX third, MU sixth, and SKHY tenth.
On August 4, the memory trade moved higher. SanDisk rose 8%, Micron 6%, and SK hynix 4% after the companies advanced the first Open Compute Project HBF specification. On August 18, it moved lower: Micron fell 5%, SanDisk 6%, Western Digital 7%, and SK hynix 6% as Treasury yields moved higher and investors repriced the trade.
The same group drove both the rally and the selloff and kept trading through both.
Korea Sold Off; Perps Kept Trading
Korean exposure was not a side story. SKHYNIX ranked third, KORU ninth, and SKHY tenth. Together, they generated $117.1 billion, or 15.6% of August volume.
On August 19, the KOSPI fell nearly 6% and a Korea selloff triggered a five-minute sell-side sidecar for program trading. After the close, SK hynix announced a 40 trillion won buyback plan, and the KOSPI recovered almost all of the previous session’s loss the next day.
MRNA Perps Listed in Hours. Depth Did Not.
On August 19, Moderna and Merck reported positive Phase 3 results for their personalised mRNA cancer vaccine in melanoma. Moderna’s stock rose 176.97% in the session.
Very few venues had an MRNA market live before the result; TrueCurrent was one. A few more markets followed shortly after the news broke, including TradeXYZ.
From its August 19 listing through month-end, MRNA generated $571.6 million and ranked 69th by volume. Its first two sessions produced $213.5 million combined, representing close to 40% of its total monthly volume.
The point is access to the event, not the total volume. Traders already have venues for recurring events around the MAG7 and large technology and AI companies, especially earnings. MRNA showed how that can extend to a smaller public company when a one-off clinical result drives attention. With the right risk, and market-data systems, an exchange can make the event tradable quickly, while the news is still relevant and driving volatility.
The 24/7 Reference-Price Problem
August brought a market-structure question into focus: who produces a usable price when traditional market infrastructure is closed, paused, or has not opened yet?
Douro Labs and the Hyperliquid Policy Center brought that question into the SEC’s market-structure process, arguing that the SEC should recognize qualifying independent reference prices for onchain markets where the SIP-derived NBBO is unavailable or does not reflect onchain conditions. The standard they describe rests on direct contributors, a published methodology, transparent publishers, and checks against traditional market data.
A separate SEC comment from the Hyperliquid Policy Center and trade[XYZ] used IPOPs — cash-settled pre-IPO perpetuals with no shares, voting rights, or claim on the issuer — as an example of price discovery before a public listing. The CFTC comment process raises a related question for 24/7 futures and perpetuals in energy markets, where the underlying can keep moving after U.S. futures close.
All point to the same shift: perps are bringing questions of data provenance, instrument classification and market access into policy discussions. That is directly relevant to RWA markets. These issues are directly relevant to Pyth, whose data infrastructure is used across much of the tracked volume.
August in Numbers
August closed at $751.9 billion in tracked volume, a 6.2% increase from the previous month.
Asset Class Ranking
The market is very much still equity-led with $487.3 billion or 64.8% of the total volume. Commodities followed at $152.3 billion (20.3%), then indices at $103.9 billion (13.8%) and FX at $8.3 billion (1.1%).
Venue Ranking
August showcased a reshuffle behind Binance which is head and shoulders above the rest and still growing ($385.6 billion to $437.4 billion). OKX took the 2nd spot as it held its volume above $100 billion and moved from third to second, while Hyperliquid dropped sharply from July’s second-place position to $84.6 billion in August. The RWA perp volume remained top-five concentrated with over 95% of it being traded on Binance, OKX, Hyperliquid, Bitget, and Bybit.
Market-Data Provider Ranking
On the data provider and infrastructure front, Pyth remained the undisputed leader with over $715 billion in RWA perp volume secured, representing 96.27% of the total tracked RWA perp volume. One extra percentage point compared to July further solidifying Pyth Pro and Indices as the products powering 24/7 tradfi markets.
Methodology and Sources
All volume, listing and provider figures are drawn from Refraction Research and the RWA Markets dashboard, built by @zinnresearch.
Volume is notional traded volume across tracked perpetual venues.
Volume priced per market data provider attributes each venue-symbol pair to its stated pricing source, weighted by volume. Pairs without a confirmed source are recorded as unverified.
What Is a Spot Zcash (ZEC) ETF? Institutional Privacy Meets TradFi. What is a spot Zcash (ZEC) ETF? A spot Zcash ETF is an exchange-traded fund that holds physical Zcash tokens in institutional cu
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US Spot XRP ETFs Reach Nearly $1.7B in Cumulative Net Inflows
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CROWDFUNDINSIDER: US Spot XRP ETFs Reach Nearly $1.7B in Cumulative Net Inflows
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CROWDFUNDINSIDER: US Spot XRP ETFs Reach Nearly $1.7B in Cumulative Net Inflows
Tokenization is accelerating and deeply liquid onchain spot markets will be critical to disrupting TradFi.
Derivatives allow folks to speculate after-hours, but within limits -- they need to derive from something.
Spot markets, with real assets, will change everything.
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Last week in Bitcoin:
→ Bitcoin held the low $80Ks, printing a weekly high near $82K on September 3 (its highest since May) before a blowout August jobs report pushed it back under $80K, up roughly 2% on the week.
→ The Liquid Network was paused after roughly 4,000 BTC (~$320M) left the Blockstream-run Federation wallet via an Elements software bug.
→ The UK's Hargreaves Lansdown opened nine crypto ETNs to its ~2M retail clients, nearly a year after ban was lifted.
→ France's Capital B ran a rare raise-and-buy in a single announcement on September 7, adding 376 BTC via a €30.1M raise to reach 3,521 BTC group-wide.
→ US spot Bitcoin ETFs pulled in $986.9M for the week (third straight positive week, IBIT led at $691.5M).
→ 21Shares said it will commit its own BTC treasury to the Stacks Genesis Bond for institutional Bitcoin staking launching September 10.
→ The CLARITY Act's fate hinges on a September 15 Senate cloture vote needing 60 votes, with stablecoin rewards, ethics rules, and AML provisions still unresolved.
→ Optech #421 advanced post-quantum work with two new proposals (SHRINCS and DropKick) alongside a Core Lightning DoS fix.
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Eyes on the Market: Sustained Inflows
Oil led everything. Brent rose 9.27% to $96.54 as US-Iran strikes resumed. BTC added 2.28% to $79,808, ETH 1.62% to $2,490.60, the S&P 0.40% and the Nasdaq 100 0.73%. Waller signals dovish. Polymarket hike odds fell from 51% to 41% on Thursday's remarks. BTC wicked to $82,262 and closed the session up 5.67%. Payrolls reversed it two days later. 162K against 53K consensus took hike odds back to 49%. BTC fell 2.95% and ETH 2.69%. The move is not levered. Aggregate OI is $139.7B, up 3.5% and the highest since mid-January. Coin-denominated BTC OI fell from 762.2K to 669.6K since mid-August, even as BTC moved from $63K to $80K. ETFs took $1.2B, a third straight week above $1B, the first such run since July 2025. BTC drew $986.7M including $730.8M on September 3, the largest day since January 14. BTC ETFs AUM crossed $103.3B, 6.32% of supply. Oil Leads the Week BTC opened Monday at $78,031, hit a high of $82,262 on Thursday and closed Sunday at $79,808. Up 2.28% on the week. ETH gained 1.62% to $2,490.60. Total crypto market cap finished at $2.708T, slightly outperforming BTC as selected alts continue to rally.
Oil saw the largest move, rising 9.27% to $96.54 as the US and Iran conflict intensified during the week. The S&P 500 added 0.40% to 7,728.60 and the Nasdaq 100 gained 0.73% to 29,616. Gold slipped 0.60% to $4,470.50. Events of the Week US-Iran Strikes Resume US-Iran strikes resumed for the first time in roughly a month after the 60-day ceasefire lapsed in mid-August. US forces disabled two Iranian tankers and destroyed a third on September 2, following IRGC ballistic missile fire at a US carrier and destroyer. Iran struck Kuwait with missiles and drones on September 3, escalating to a US Gulf ally, and Israel warned it would cripple Iranian infrastructure. Brent went from $88.32 to $95.15 on Tuesday, then plateaued between $95 and $97 for the rest of the week. Waller Gives Disinflation a Chance Fed Governor Christopher Waller's prepared remarks went out on Thursday 8:30am ET. Inflation is still meaningfully above the 2% goal, he said, but the recent data finally show some signs of disinflation, and if that holds through the next two weeks he would back holding the funds rate at 3.50% to 3.75%. Treasury yields fell to session lows and hike odds on Polymarket dropped from about 51% to about 41%. BTC wicked to $82,262 before settling at $81,704, up 5.67%. Hot Payroll Print August payrolls came in at 162K against 53K consensus, three times the estimate, with unemployment at 4.1% in line. Strongest print since March and the first up-month in five after. Expectations of a hike reversed back up from 41% to 49%. BTC fell 2.95% and ETH 2.69%. Volatility, Positioning and Leverage BVIV is up 5.4%, from 38.9 last week to 41.02. The metric is up 14% from the low of 35.81 that it hit on August 7. Aggregate futures open interest is $139.7B against $135B last issue, up 3.5% and the highest since mid-January. 24-hour volume is $136.4B, up 31%. BTC open interest in coin-denominated terms is the lowest it’s been since March 25. It’s been steadily falling since mid-August from 762.2K BTC to 669.6K BTC as BTC has risen from $63K to $80K. A reflection of how spot driven the recent move has been. Coinglass's 24-hour long/short ratio is 49.04% / 50.96%. Annualized funding on Binance runs BTC near 4.7%, ETH 8.4%, SOL flat to slightly negative and HYPE 5.5%. ZEC funding is roughly -3.65% annualized and ZEC still gained 45% in the past week. The coins that lead are now moving on spot inflows. ETF Flows Continue BTC and ETH ETFs took $1.2B combined, a third consecutive week above $1B. The last stretch of this magnitude was July 2025. BTC: $986.7M. September 3's $730.8M is the largest single day since January 14 and the third largest of 2026, behind January 14 at $840.6M and January 13 at $753.8M. BTC ETF AUM crossed $103.3B, 6.32% of supply. Year to date cumulative flows now sit at -$0.90B, from -$4.74B three weeks ago. Three weeks have erased 81% of the year's outflows. ETH: $215.3M. Flows fell 74% week on week from $815.7M. ETH captured 22% of BTC's dollar flow against 88% the prior week. Cumulative net flows are $13.19B and August closed at $1.84B. This breaks the ETH outperformance pattern we have tracked since late July, and the spot data agrees: ETH gained 1.62% against BTC's 2.28%. First week in a while where ETH lagged on both flow and price.
Key Events for the Week Ahead Tuesday, September 8 US consumer credit (G.19), 3pm ET. Wednesday, September 9 US NFIB small business optimism for August. Thursday, September 10 US PPI for August, 8:30am ET. Europe: ECB rate decision, 8:15am ET. Friday, September 11 US CPI for August, 8:30am ET.
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Eyes on the Market: Sustained Inflows
Oil led everything. Brent rose 9.27% to $96.54 as US-Iran strikes resumed. BTC added 2.28% to $79,808, ETH 1.62% to $2,490.60, the S&P 0.40% and the Nasdaq 100 0.73%.
Waller signals dovish. Polymarket hike odds fell from 51% to 41% on Thursday's remarks. BTC wicked to $82,262 and closed the session up 5.67%.
Payrolls reversed it two days later. 162K against 53K consensus took hike odds back to 49%. BTC fell 2.95% and ETH 2.69%.
The move is not levered. Aggregate OI is $139.7B, up 3.5% and the highest since mid-January. Coin-denominated BTC OI fell from 762.2K to 669.6K since mid-August, even as BTC moved from $63K to $80K.
ETFs took $1.2B, a third straight week above $1B, the first such run since July 2025. BTC drew $986.7M including $730.8M on September 3, the largest day since January 14. BTC ETFs AUM crossed $103.3B, 6.32% of supply.
Oil Leads the Week
BTC opened Monday at $78,031, hit a high of $82,262 on Thursday and closed Sunday at $79,808. Up 2.28% on the week. ETH gained 1.62% to $2,490.60. Total crypto market cap finished at $2.708T, slightly outperforming BTC as selected alts continue to rally.
Oil saw the largest move, rising 9.27% to $96.54 as the US and Iran conflict intensified during the week. The S&P 500 added 0.40% to 7,728.60 and the Nasdaq 100 gained 0.73% to 29,616. Gold slipped 0.60% to $4,470.50.
Events of the Week
US-Iran Strikes Resume
US-Iran strikes resumed for the first time in roughly a month after the 60-day ceasefire lapsed in mid-August. US forces disabled two Iranian tankers and destroyed a third on September 2, following IRGC ballistic missile fire at a US carrier and destroyer. Iran struck Kuwait with missiles and drones on September 3, escalating to a US Gulf ally, and Israel warned it would cripple Iranian infrastructure. Brent went from $88.32 to $95.15 on Tuesday, then plateaued between $95 and $97 for the rest of the week.
Waller Gives Disinflation a Chance
Fed Governor Christopher Waller's prepared remarks went out on Thursday 8:30am ET. Inflation is still meaningfully above the 2% goal, he said, but the recent data finally show some signs of disinflation, and if that holds through the next two weeks he would back holding the funds rate at 3.50% to 3.75%. Treasury yields fell to session lows and hike odds on Polymarket dropped from about 51% to about 41%. BTC wicked to $82,262 before settling at $81,704, up 5.67%.
Hot Payroll Print
August payrolls came in at 162K against 53K consensus, three times the estimate, with unemployment at 4.1% in line. Strongest print since March and the first up-month in five after. Expectations of a hike reversed back up from 41% to 49%. BTC fell 2.95% and ETH 2.69%.
Volatility, Positioning and Leverage
BVIV is up 5.4%, from 38.9 last week to 41.02. The metric is up 14% from the low of 35.81 that it hit on August 7.
Aggregate futures open interest is $139.7B against $135B last issue, up 3.5% and the highest since mid-January. 24-hour volume is $136.4B, up 31%. BTC open interest in coin-denominated terms is the lowest it’s been since March 25. It’s been steadily falling since mid-August from 762.2K BTC to 669.6K BTC as BTC has risen from $63K to $80K. A reflection of how spot driven the recent move has been.
Coinglass's 24-hour long/short ratio is 49.04% / 50.96%. Annualized funding on Binance runs BTC near 4.7%, ETH 8.4%, SOL flat to slightly negative and HYPE 5.5%. ZEC funding is roughly -3.65% annualized and ZEC still gained 45% in the past week. The coins that lead are now moving on spot inflows.
ETF Flows Continue
BTC and ETH ETFs took $1.2B combined, a third consecutive week above $1B. The last stretch of this magnitude was July 2025.
BTC: $986.7M. September 3's $730.8M is the largest single day since January 14 and the third largest of 2026, behind January 14 at $840.6M and January 13 at $753.8M. BTC ETF AUM crossed $103.3B, 6.32% of supply. Year to date cumulative flows now sit at -$0.90B, from -$4.74B three weeks ago. Three weeks have erased 81% of the year's outflows.
ETH: $215.3M. Flows fell 74% week on week from $815.7M. ETH captured 22% of BTC's dollar flow against 88% the prior week. Cumulative net flows are $13.19B and August closed at $1.84B. This breaks the ETH outperformance pattern we have tracked since late July, and the spot data agrees: ETH gained 1.62% against BTC's 2.28%. First week in a while where ETH lagged on both flow and price.
Key Events for the Week Ahead
Tuesday, September 8
US consumer credit (G.19), 3pm ET.
Wednesday, September 9
US NFIB small business optimism for August.
Thursday, September 10
US PPI for August, 8:30am ET.
Europe: ECB rate decision, 8:15am ET.
Friday, September 11
US CPI for August, 8:30am ET.
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OKX LISTING: OKX to list Unified Tokenized Stocks xSHEIN, xKORU and more for spot trading
OKX 上新: OKX 将上线统一代币化股票 xSHEIN、xKORU 等进行现货交易
$Unified
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2026-09-07 17:01:05
Source: https://www.okx.com/help/okx-to-list-unified-tokenized-stocks-xshein-xkoru-and-more-for-spot-trading
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solana:Dz9mQ9NzkBcCsuGPFJ3r1bS4wgqKMHBPiVuniW8Mbonk down -40% from the highs seems like a good place to start re-entering.
marscoin-4:native also -40% from the highs
both of these are the two coins highest on my radar right now.
MARSCOIN seems like such a clear play to me. - First spot listing in a long time - listed during good conditions - brand new concept - CZ + Elon related
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ZEROBASE WEEKLY 8.31–9.6
ZBT traded in a tight $0.080–$0.086 band this week, opening near $0.084 on August 31 and finishing around $0.085 by September 6. The token briefly dipped toward $0.080–$0.081 on September 2 before reclaiming the mid-$0.08s. Trading volumes stayed functional , generally in the $3–$10 million daily range, with liquidity remaining orderly and spreads contained.
The broader crypto market showed more range than the late-August squeeze. Total capitalization moved from roughly $2.59T–$2.63T at the start of the week to a Thursday peak near $2.82T as Bitcoin cleared $81,000, then settled back in the $2.67T–$2.79T area. That is a constructive but incomplete recovery from the mid-year trough near $2.3T.
Bitcoin opened the week near $78,550 on August 31, slipped to a weekly low around $76,250 on September 2, then ripped to a three-month high above $82,200 on September 3. It faded to the high-$79,000s after Friday’s jobs print and closed the week near $80,300–$80,350 — a net gain of about 2% from Monday’s open and roughly 5% from the weekly low. Ethereum moved in a narrower channel: from about $2,467 on August 31, down toward $2,356–$2,390 midweek, then back to $2,510–$2,516 by Sunday, a modest gain of around 2% on the week and about 6–7% from the low.
Derivatives confirmed the move was a squeeze, not a clean leverage rebuild. On September 3, 24-hour liquidations ran $400–$510 million, with shorts accounting for the bulk — roughly $345–$415 million of short liquidations that session, including about $162–$174 million in Bitcoin shorts. Open interest remained elevated near $54 billion on Bitcoin perps. Funding stayed near neutral to only mildly positive after the squeeze, suggesting traders were covering rather than aggressively adding new longs.
Macro and geopolitics were the week’s real drivers. The U.S.–Iran conflict, now in its seventh month, intensified again. Washington struck IRGC sites on the Iranian mainland early in the week, and both sides targeted vessels around the Strait of Hormuz. Hormuz traffic stayed depressed at roughly 10 commodity ships per day versus more than 130 pre-war. Oil responded immediately: WTI rose nearly 10% on the week to settle around $91.48 on Friday, while Brent gained about 7.6–7.8% to $96.28. Diesel hit a U.S. retail record near $5.85 a gallon. Energy inflation is no longer a one-day shock; it is a persistent input into the Fed’s reaction function.
Friday’s August employment report then flipped equity and rate markets. Nonfarm payrolls printed +162,000 versus a ~56,000 consensus, with prior months revised up by 55,000. Unemployment held at 4.1%. The 10-year yield finished near 4.78% and the 2-year near 4.37%. Markets immediately repriced the odds of a September rate hike higher. U.S. equities finished mixed for the week: the S&P 500 eked out a 0.1% gain to 7,718.60, the Nasdaq Composite rose 0.4% to 26,506.99, and the Dow fell 0.3% to 53,414.25. Friday itself was risk-off — S&P −0.38%, Dow −0.51%, Nasdaq Composite −0.29% — after the jobs surprise. Chip names limited the Nasdaq damage; credit-sensitive and consumer names did not.
Institutional crypto flows remained the structural offset. U.S. spot Bitcoin ETFs took in about $987 million net for the week ending September 4/5, extending a three-week streak to roughly $3.8 billion. The path was uneven: +$217 million on August 31, −$236.5 million on September 1, then +$101 million, a standout +$731 million on September 3 (largest single day since mid-January), and +$175 million on September 4. BlackRock’s IBIT again absorbed the majority. Ethereum ETFs added about $215 million, down ~74% from the prior week’s $816 million. Combined BTC+ETH ETF inflows were still ~$1.2 billion. Bitcoin ETF AUM sat near $101 billion. Year-to-date BTC ETF flows remain slightly negative, so this is repair, not a new cycle high in sponsorship.
Crypto-native news reinforced a rotation beneath Bitcoin. Zcash led the tape, breaking $1,000 and later trading above $1,150–$1,200 with a weekly gain approaching 40%, helped by ETF interest and a short squeeze. Uniswap jumped more than 50% on the week as DeFi breadth improved. Arbitrum ripped on Robinhood Chain activity.
Elsewhere: Liquid Network paused after a purported white-hat withdrawal of $320 million in bitcoin; Trezor said a ShipMonk breach affected tens of thousands more customers; the SEC floated a “Regulation Crypto Assets” framework with offering exemptions; and OpenReserve received preliminary OCC approval for a national bank charter. Privacy coins and infrastructure names outperformed beta.
Crypto Fear & Greed spent the week in greed, not fear. The index rose from 62 on August 31 to 69, 63, 65, then 74 on September 4, and held 73–74 into the weekend. Seven-day average was about 68; 30-day average about 54. Sentiment has flipped from the August mid-20s/30s readings, which is consistent with the price rebound but leaves less cushion if oil or the Fed surprise again.
On-chain data was more mixed than the ETF tape. Long-term holders are no longer in the aggressive distribution regime of earlier 2026, but they are not uniformly accumulating either. Whale flow flipped toward net exchange deposits later in the week (roughly +1,900 to +3,900 BTC on some sessions), and tracked large holders rotated size rather than simply stacking.
Dormant supply stirred: 2013-era wallets moved hundreds of BTC in early September, including a coordinated 200 BTC burst on September 5, while 2011 coins worth more than $7 million also woke up. OG five-year+ UTXO spend, on a 90-day average, rose toward ~1,500 BTC — higher than May, but still well below prior capitulation spikes. The read-through is consolidation and wallet hygiene more than a coordinated dump, yet it is not the one-way accumulation signal of a clean breakout.
In summary, August 31–September 6 was a squeeze week inside a still-contested macro regime. Spot Bitcoin and Ethereum recovered from the $76k / $2,360 area, ETF demand stayed real, and alt breadth improved via ZEC, UNI, and privacy/infrastructure names. Against that, Hormuz risk pushed oil to three-month highs, Friday’s 162k jobs print revived hike odds, U.S. equities stalled, and on-chain whales stopped being net buyers into strength.
The market is consolidating in the $80,000 Bitcoin / $2,500 Ether zone with institutional bids underneath and energy-geopolitical risk overhead. Next week’s CPI and the September FOMC path matter more than last week’s liquidations.
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news9/7news
Spot Gold Falls 1% to $4,385.60/Oz
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news9/7news
Spot bitcoin ETFs pull in $987 million last week as institutional demand recovers
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twitter9/6meme
Aptos is the settlement layer.
Eligible @BitGo clients can now reach @DecibelTrade from the self-custody wallets they already run: spot and perps, onchain, with existing controls intact.
Read the full story from @TheStreet:
https://www.thestreet.com/crypto/innovation/aptos-powered-decibel-gains-institutional-access-through-bitgo
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Twitter9/6news
Aptos is the settlement layer.
Eligible @BitGo clients can now reach @DecibelTrade from the self-custody wallets they already run: spot and perps, onchain, with existing controls intact.
Read the full story from @TheStreet: https://www.thestreet.com/crypto/innovation/aptos-powered-decibel-gains-institutional-access-through-bitgo
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Binance: 币安期货将推出以美元计价的PONSUSDT和哈基米USDT永续合约（2026年9月6日）
- - - - - - - - -Notice Details- - - - - - - - - - -
This is a general Binance Exchange Notice. Products and services referred to here may not be available in your region.
Fellow Binancians,
To expand the list of trading choices offered on Binance Futures and enhance users’ trading experience, Binance Futures will launch the following perpetual contract(s) as below:
2026-09-06 06:45 (UTC): PONSUSDT Perpetual Contract with up to 20x leverage2026-09-06 07:15 (UTC): 哈基米USDT Perpetual Contract with up to 3x leverage
More details on the aforementioned perpetual contract(s) can be found in the table below:
USDⓈ-M Perpetual ContractPONSUSDT哈基米USDTLaunch Time2026-09-06 06:45 (UTC)2026-09-06 07:15 (UTC)Underlying AssetPONS (Pons)哈基米 (Hajimi)Project InfoPons (PONS) is a leading non-custodial token launchpad and its native cryptocurrency built on the Robinhood Chain, an Ethereum Layer 2 network.A Chinese meme coin.Settlement AssetUSDTUSDTTick Size0.00010.00001Minimum Trade Amount1 PONS1 哈基米Minimum Notional Value5 USDT5 USDTCapped Funding Rate+2.00% / -2.00%+2.00% / -2.00%Funding Fee Settlement FrequencyEvery Four HoursEvery Four HoursMaximum Leverage3x3xTrading Hours24/724/7Multi-Assets ModeSupportedSupported
Please Note:
This information is released as a Notice under Binance Exchange Rule 17.The aforementioned perpetual contract(s) will be made available for Futures Copy Trading within 24 hours of launch. For more information on available Futures Copy Trading contracts, please refer to this page.
Based on market risk conditions, Binance may adjust the specifications of the aforementioned Futures contract(s) from time to time, which include the funding fee, tick size, maximum leverage, initial margin, and/or maintenance margin requirements.Multi-Assets Mode allows users to trade the aforementioned perpetual contract(s) across multiple margin assets, subject to the applicable haircuts. For example, when the Multi-Assets Mode is activated, users can use BTC as margin when trading the aforementioned perpetual contract(s). Futures and spot token listings are not correlated. A token listed on Binance Futures does not guarantee that it will be listed on Binance Spot.In case there is a discrepancy between this announcement and any Futures FAQ, please refer to this announcement for the most accurate and updated information.There may be discrepancies between this original content in English and any translated versions. Please refer to the original English version for the most accurate information, in case any discrepancies arise.
Further Information:
USDⓈ-M Futures Trading ParameterLeverage and Margin of USDⓈ-M Futures Contracts
Binance Futures Fee StructureHow to Select Trading PairsFunding Rate HistoryMark Price and Price IndexMulti-Assets Mode
Thank you for your support!
Binance Team
2026-09-06