Morning Brief: Tom Lee Says Institutions Betting on Q4 Rally; Former SEC, CFTC Officials Urge Regulatory Easing for Crypto Perpetual Futures

Tom Lee: Institutions Betting on Q4 Rally, Bitcoin Could Reach $150,000

Noted analyst Tom Lee said on CNBC that the current rally is just the first wave, with institutions buying crypto-related stocks and trading volumes surging, indicating they are betting on a major rally in the fourth quarter. He believes Bitcoin can easily break six figures (above $100,000) and $150,000 is still possible, though it may be affected by interest rate hikes. He added that very few people actually hold cryptocurrency, and the key is how long-term yields react to Fed rate moves.

Former SEC and CFTC Officials Urge Regulatory Easing to Attract Crypto Perpetual Futures Back

A bipartisan group consisting of former CFTC Chairman Chris Giancarlo, former CFTC Commissioners Brian Quintenz and Sharon Brown-Hruska, former SEC Commissioner Steven Wallman, and former SEC Chief Economist Chester Spatt said in a comment letter sponsored by Kalshi that similar risks should receive similar regulatory treatment, and overlapping rules should not add extra compliance costs. Giancarlo noted that if federal regulation is calibrated based on actual risk rather than maximum burden, liquidity will return to the U.S., and the longer the wait, the harder it becomes to attract liquidity back. Kalshi estimates that offshore perpetual futures trading volume in 2025 exceeded $90 trillion, up from about $28 trillion two years ago. Separately, the SEC has submitted its rewrite of custody rules for investment advisers and investment companies to the White House OIRA for review, and its "Reg Crypto" proposal has entered the Federal Register with a public comment period ending October 20.

Bitfinex Securities Lists 5 Tokenized Notes

Bitfinex Securities, the tokenized investment platform of crypto exchange Bitfinex, has listed five tokenized notes providing eligible investors with economic exposure to Bitcoin reserve companies such as Strategy, Metaplanet, H100 Group, and Capital B. The platform also listed the Strategy floating rate perpetual preferred stock STRC. The notes are issued through the Luxembourg ORO (II) fund, managed by SICOS Securities, with underlying securities held by regulated financial institutions, but do not grant direct ownership of the company shares. The products allow fractional investments from about $1 and support trading in USD, USDT, and Bitcoin, available only to eligible non-U.S. investors. Bitfinex Securities said this is the first time such products have been traded on a regulated tokenized securities exchange. The platform, after completing a $50 million tokenized financing for metals company Alkemya in August, now has over $500 million in listed assets.

Bitfinex Analysis: Fed Hawkish Signals Trigger Bitcoin Pullback, but Spot Buying Supports Structure

Bitfinex wrote in an analysis that despite the tightening macro environment, Bitcoin remains above $77,100. After Fed Chair Warsh's hawkish speech at Jackson Hole last week, BTC fell from above $81,000, but the August rally was driven mainly by spot buying rather than excessive leverage—open interest rose gradually, basis spreads were relatively restrained, and U.S. spot Bitcoin ETFs saw nearly $1 billion in net inflows last week, while Ethereum investment products saw 10 consecutive days of net inflows totaling $815.7 million. On the macro front, U.S. PCE inflation was 3.7%, core inflation 3.3%, Q2 private demand annualized growth 4.2%, and the deficit for the first 10 months of the fiscal year reached $1.8 trillion. Warsh confirmed the 2% inflation target is a hard constraint, with the market pricing a 57% probability of a September rate hike. Bitfinex believes ETF and stablecoin liquidity continue to support prices, but rate hike expectations cap upside; if crypto inflows remain resilient, it will prove underlying demand remains solid.

Fed Governor Barr: Should Raise Rates Decisively if Inflation Does Not Cool

Federal Reserve Governor Michael Barr said the Fed should be prepared to raise interest rates if inflation fails to subside. He warned that inflation has exceeded the target for over five years, posing a risk of entrenchment. In prepared remarks for an event in Washington, Barr said policymakers can be patient if data trends show inflation is moderating toward 2%, but if inflation does not cool sufficiently, the Fed should act decisively and raise rates.

OSL Group Reports Interim Results, Revenue Up 65.8%

Hong Kong-listed OSL Group (HKEX:863) reported interim results for the six months ended June 30, 2026. Total revenue was HK$55.813 billion, up 65.8% year-on-year; payment business revenue was HK$49.083 billion, up 69.3%, accounting for 88% of total revenue; total transaction volume was HK$172 billion, up 241.3%; revenue from outside Asia-Pacific was HK$7.8 billion, up 10x; adjusted non-IFRS earnings were HK$331 million, up 75.5%. OSL Group CEO Cui Kaiwen said despite significant market corrections in the first half, the company's transaction volume and revenue hit new highs, and claimed it has become the world's largest stablecoin payment infrastructure company by B2B stablecoin payment volume. In 2025, the company completed a strategic upgrade with annual B2B stablecoin payment volume reaching $12.3 billion. In February 2026, it launched the corporate USD stablecoin USDGO issued by Anchorage Digital Bank, N.A., with circulation exceeding $800 million in four months and over $1.2 billion by August. During the reporting period, OSL completed the acquisition of Banxa Holdings Inc in January 2026, obtained an EU MiCAR license from the Austrian Financial Market Authority and an AFSL from the Australian Securities and Investments Commission, and launched OSL AgentPay, a stablecoin payment infrastructure for AI agents.

21 Global Financial Institutions Commit to Form Joint Stablecoin Company

According to CoinDesk, 21 international financial institutions announced plans to form a new company in the second half of 2026 to issue stablecoins, with a name to be announced later. The company will initially focus on USD-denominated stablecoins and plans to expand to other G7 currencies, prioritizing EUR stablecoins. Participating institutions include Bank of America, Citigroup, Morgan Stanley, Goldman Sachs, Deutsche Bank, UBS, Wells Fargo, BBVA, Santander, and MUFG Bank. The stablecoin initiative targets wholesale, institutional, and retail markets for cross-border payments and digital asset settlement. The group said the stablecoin solution will combine bank-grade compliance, governance, and institutional risk management, and plans to comply with the U.S. GENIUS Act and the EU's MiCA. The project aims to launch stablecoin products in the first half of 2027.

Securitize Tokenized Fund HINC Becomes Collateral on Loopscale

According to The Defiant, the tokenized credit fund HINC, launched by Securitize in partnership with Neuberger, has gone live on Solana lending protocol Loopscale as collateral, allowing qualified investors to borrow USDG stablecoins without redeeming their holdings. HINC launched on August 18 on Avalanche, Ethereum, Solana, and Sui, primarily holding high-yield corporate bonds, CLO tranches, and bank loans, with a minimum subscription of $100,000 and a 0.6% fee, available only to qualified investors and qualified purchasers. Loopscale co-founder Mary Gooneratne said HINC brings a fundamentally different type of collateral to the Solana credit market, supporting actively managed high-yield strategies, showing that on-chain lending can go beyond crypto-native assets and short-duration instruments. RedStone uses its Trusted Single Source Oracle standard to price HINC, publishing the manager's daily NAV on-chain in signed, timestamped, chained form for protocols to verify and trigger liquidation events. Loopscale currently has a TVL of about $91.3 million and active loans of $55.9 million, ranking 27th on DefiLlama. HINC is the third Securitize product to go live on the protocol, following Apollo's tokenized credit fund ACRED and Securitize's own NYSE-listed stock SECZ.

Kraken Parent Payward Partners with London Stock Exchange to Tokenize 100 UK Stocks

Payward, the parent company of Kraken, announced a partnership with the London Stock Exchange (LSE) to tokenize the stocks of the 100 largest companies listed on the LSE into 1:1 backed xStocks. The first London-listed xStocks are expected to go live on Kraken and other platforms supporting the xStocks Alliance in the coming weeks, available to investors in over 110 countries but not yet to UK investors. Subject to regulatory approval, the LSE plans to list and support xStocks trading on its new extended trading session, LSE 24. LSE CEO Julia Hoggett said the exchange is exploring how issuers and investors can benefit from new access methods while maintaining the standards that support public markets. In addition to tokenizing existing stocks, the two parties will explore native equity tokens issued through LSE infrastructure, with rights identical to traditional stocks and full fungibility. Payward's tokenized stock framework, launched in June 2025 and acquired by Payward in December, has processed over $40 billion in total transaction volume, covering more than 200,000 holders, with nearly $20 billion settled on-chain. According to RWA.xyz data, current tokenized stocks total about $2.53 billion, with xStocks tokenizing about $606.6 million, making it the second-largest issuer after Ondo.

U.S. SEC Steps Up Scrutiny of SPVs for Private Company Investments

According to the Wall Street Journal, the U.S. Securities and Exchange Commission (SEC) has intensified scrutiny of companies behind special purpose vehicles (SPVs). Sources say SEC examiners have been asking registered investment advisors to provide evidence that their SPVs actually own or hold the private company shares they claim. Some sources said the SEC decided to step up reviews ahead of SpaceX's anticipated IPO and Anthropic's planned listing, as such funds have ramped up marketing and investor complaints have increased. The review process can last from weeks to a year.

Ripple and Coincheck Land Digital Asset Custody Partnerships in Asia

According to Cointelegraph, Ripple announced a partnership with digital asset infrastructure company SettleMint to provide tokenized asset custody and management solutions for financial institutions. Ripple Custody, Ripple's institutional-grade digital asset custody infrastructure, will integrate with SettleMint's Digital Asset Lifecycle Platform (DALP), covering the full lifecycle of tokens. The day before, digital asset services firm Coincheck Group announced a partnership with wallet infrastructure company DFNS to build digital asset wallet technology and custody services in Japan. DFNS' wallet-as-a-service provides institutions with full transaction lifecycle management, including workflow orchestration and governance controls, supporting over 100 blockchain networks. Both partnerships aim to build more institutional-grade digital asset infrastructure to address barriers for traditional financial institutions entering the crypto space. Chainalysis' 2025 Global Crypto Adoption Index shows that Asia-Pacific region leads globally in on-chain crypto activity growth, with a 69% year-on-year increase. Several Asian countries are developing their own crypto regulatory frameworks, with Japan's July amendment classifying crypto assets as financial assets under the Financial Instruments and Exchange Act.

U.S. Pressure on Japan to Raise Rates Highlights Bitcoin's Fixed Monetary Policy Advantage

According to CoinDesk, U.S. Treasury Secretary Bessent has reportedly urged Japan to raise interest rates to curb the yen's continued depreciation, highlighting traditional monetary policy's vulnerability to government and external factors. In contrast, Bitcoin's monetary policy is pre-set by code, with new coin issuance following a fixed schedule and halving approximately every four years, offering higher predictability. However, Bitcoin remains susceptible to traditional financial market shocks in the short term. If Japan raises rates and the yen appreciates sharply, long-accumulated low-yen carry trades could unwind, triggering sell-offs in stocks, bonds, and crypto assets. In August 2024, the Bank of Japan's rate hike strengthened the yen and weighed on risk assets including Bitcoin. Technically, BTC's 50-day moving average is rising and approaching a crossover above the 200-day moving average, potentially forming a "golden cross." But analysts note that moving averages are lagging indicators, and the golden cross as a standalone indicator has an unstable historical predictive record.

Binance Inflows Hit $15.7 Billion in August, Over 75% of Centralized Exchange Inflows

Crypto exchange Binance saw inflows of $15.7 billion in August, a monthly record, accounting for over 75% of all centralized exchange inflows. During the same period, Bitcoin's price rose over 20%, breaking through $80,000, driving exchange trading volumes. Binance Research noted that $15.7 billion was about 8.4 times the inflows of the second-largest positive inflow exchange, with Bybit and OKX rounding out the top three liquid exchanges. Smaller platforms saw more dispersed inflows. Separately, Binance faces allegations in the EU of onboarding local users without obtaining a MiCA license.

Ankr ankrFLOW Contract Exploited, Flow Foundation to Replenish Funds

The Flow blockchain announced that at approximately 06:18 UTC today, a vulnerability in Ankr's ankrFLOW liquid staking contract allowed an attacker to create about 8.6 million unbacked ankrFLOW. This is not a Flow EVM or Flow protocol vulnerability and does not affect Flow tokenomics. The attacker then used the ankrFLOW as collateral on the MORE Markets lending protocol, draining about 15.5 million WFLOW reserves worth about $410,000, with a profit of about $246,000 after slippage. Some reports incorrectly stated the impact was about $9.3 million. Ankr and MORE Markets have paused the relevant contracts, and some exchanges have precautionarily suspended FLOW deposits. The Flow Foundation will work with Ankr to replenish the stolen WFLOW reserves and rebalance the liquidity pool. The Flow network is operating normally, and ankrFLOW staking and MORE Markets lending will remain paused until Ankr deploys a fix. User funds are safe and no action is required.

Security Firm Huntress: Hackers Use Fake Google Docs and Claude.ai Pages to Steal Crypto Wallet Data

According to security firm Huntress, hackers are spreading malware to cryptocurrency users by using fake Google Docs files, GitHub-hosted malicious files, and counterfeit Claude.ai pages. Attackers impersonate CoinDesk senior employees on social platform X, luring victims with a meeting invitation to open a Google Docs document containing malicious code, leading users to install malware themselves. Mac users face the Atomic macOS Stealer (AMOS) threat, which can steal browser passwords, crypto wallet data, and Telegram files; Windows users are pushed a fake Google API Connector update that installs NetSupport RAT and a counterfeit Ledger hardware wallet app. In addition, hackers place fake ads on search engines like Bing, directing users to counterfeit Claude.ai pages and executing malicious commands, with the associated malware MacSync and SectopRAT capable of stealing cookies, saved passwords, seed phrases, and payment card information. Security firm Socket also discovered 16 malicious extensions targeting Chrome and Edge that can drain EVM, Solana, and Tron wallet assets.

Analysis: ETF Outflows and Macro Pressure Make It Difficult for BTC to Hold $80,000

Greeks.live researcher Adam said that ETFs are still net outflow overall, making it very difficult for BTC to hold $80,000 with heavy selling pressure. On the macro front, hawkish Fed comments and escalating U.S.-Iran conflict are challenging already fragile investors. Short-term volatility is declining rapidly, and a single green candle is not enough to sustain a bull market. He hopes that after a slight pullback, BTC can reach above $85,000; otherwise, arbitrageurs and sellers will create significant selling pressure, with month-end Gex concentrating, requiring momentum to be sustained.

Monetary Authority of Singapore Launches Public Consultation on Stablecoin Regulation

The Monetary Authority of Singapore (MAS) is seeking public comments on proposed legislative amendments to the Payment Services Act 2019 to establish a stablecoin regulatory framework in Singapore. It is also seeking feedback on further regulatory requirements, drawing on developments in the stablecoin industry since 2023. The consultation also covers policy positions on multi-jurisdictional issuance and recognition of overseas-issued stablecoins. The comment period ends October 16.

Thai SEC Proposes Allowing Retail Trading of Regulated Overseas Crypto Derivatives

Thailand's Securities and Exchange Commission (SEC) has proposed allowing intermediaries to offer retail investors certain digital asset derivatives traded overseas. Under the proposal, qualifying products must be similar to crypto derivatives traded domestically in terms of underlying assets, tenor, leverage, and settlement methods. They must also be traded on exchanges with central counterparty clearing and supervised by regulators belonging to specific international regulatory or exchange organizations. Crypto derivatives that do not meet these conditions would be available only to institutional investors. The Thai SEC said institutional investors are better equipped to evaluate and manage complex, high-risk products. Current rules only allow intermediaries to offer overseas derivatives to retail and high-net-worth clients when they are similar to domestically traded products, but overseas crypto derivatives vary in structure and risk, requiring tailored rules. This consultation is the latest move to bring crypto-related products into Thailand's regulated capital markets. On March 5, the Thai SEC published a notice formally designating cryptocurrencies and digital tokens as permissible derivatives underlyings, and is discussing potential contract specifications with the Thailand Futures Exchange. The consultation runs until September 30, with no implementation date yet announced.

North Korean Hackers Move Tens of Millions on Hyperliquid, Trump Pushes Platform to U.S.

According to Arkham blockchain data, wallets linked to the North Korean state-sponsored hacking group Lazarus Group have sold over $30 million worth of Bitcoin on the decentralized perpetual exchange Hyperliquid over the past three weeks, using the proceeds to buy Ethereum and Solana, which were then transferred to centralized exchanges including Kraken, LBank, and KuCoin. Kraken responded that it maintains an industry-leading compliance program and continuously monitors on-chain activity to identify and block assets linked to sanctioned wallets; LBank and KuCoin said the risk is an ongoing industry-wide challenge and emphasized that public on-chain data may not reflect platform-level compliance measures. The activity comes as the Trump administration explores bringing Hyperliquid into the regulated U.S. financial system. Trump earlier this month said at a White House event that CFTC Chairman Mike Selig is charting a path to bring Hyperliquid to the U.S. in a fully compliant and legal manner. According to Bloomberg, Kraken parent Payward is in advanced talks with Hyperliquid Labs to offer perpetual contracts to U.S. traders. Hyperliquid is the dominant platform in decentralized perpetuals, allowing users to trade directly via crypto wallets without traditional brokerage accounts or KYC checks. According to DefiLlama, its cumulative perpetuals trading volume has exceeded $5 trillion, with current open interest of about $13.3 billion.

Bitcoin 'Kimchi Premium' Reappears in South Korea, Longest Streak Since May

Bitcoin has seen a "kimchi premium" re-emerge in the South Korean market. The price of Bitcoin on Upbit, the largest Korean exchange, is about 1% higher than on Binance, and the premium has persisted for a week, the longest streak since early May. Bitcoin's price was around $79,000 in early September, after briefly breaking above $80,000 in August. U.S. spot Bitcoin ETFs saw net inflows of about $1.92 billion in the week ending August 17, a 10-month high, followed by another $923 million in the week ending August 31. Upbit data shows that Bitcoin traded at a discount to international prices for most of the summer, with a discount of 3.1% in early June and an average discount of 0.25% in August. 10x Research noted that while the Korean premium has turned positive, spot trading volumes have not increased correspondingly.

Frontier AI Market Splitting into Closed Camps

Venture capitalist Tomasz Tunguz posted on X that the frontier AI market is splitting into closed camps, with labs choosing partners, cutting off competitors, and rationing access to the most powerful models. Salesforce chose Anthropic as its exclusive AI partner, making Claude the default model for the world's largest CRM and Slack. OpenAI cut off API access to Cursor after its acquisition by SpaceX on November 12. Z.ai placed its flagship model behind a security review for hosts with cumulative revenue over $10 billion. Anthropic rations Mythos 5 through Project Glasswing and restricts Fable to inference only in the U.S. OpenAI first releases GPT-5.6 variants to trusted partners. Nvidia invests in the open ecosystem, including $13 billion in Hugging Face, $7 billion in Poolside, and $26 billion committed to Nemotron. Tunguz said access, not price, is becoming the new scarcity in the frontier.

Dragonfly Partner: Anthropic and OpenAI IPOs to Be Largest Liquidity Transfer

Dragonfly managing partner Haseeb Qureshi posted on X that the IPOs of Anthropic and OpenAI will be the largest transfer of liquidity from global institutions to San Francisco futurists in history. He expects the biggest beneficiaries of these funds to be San Francisco real estate and crypto. Employee lock-up periods typically expire 180 days after an IPO. Anthropic is expected to go public in mid-October, so the process is expected to begin in April 2027 and continue with OpenAI's IPO the following year.

Japan Government Bond Yields Hit 30-Year High, Bitcoin Consolidates at $78,000

According to Cointelegraph, the global bond bear market continues, with Japan's 10-year government bond yield rising to 3% on Tuesday, the first time since 1996; the 30-year yield also broke above 4.18%, a record high. The U.S. 10-year Treasury yield also rose to a multi-year high of 4.78%, with global long-term sovereign bond yields at their highest since the 2008 financial crisis. Against this backdrop, Bitcoin is consolidating around $78,000, retreating slightly from earlier highs near $79,000. There is a dense resistance zone between the current spot price and $86,000, capping Bitcoin's upside momentum. Market sentiment remains cautiously optimistic, with the $76,000-$82,000 range seen as a key battleground in the coming weeks. The sell-off comes after U.S. Treasury Secretary Bessent announced an increase in the maximum size of Treasury buyback operations to $4 billion starting in September, with some commentators likening it to a form of yield curve control. Arthur Hayes has long argued that the Fed will eventually activate the FIMA repo facility, which would create new dollar liquidity, a reason he recommends allocating to Bitcoin, gold, and crypto; Bessant hinted at future use of the tool as early as August.

Kast Launches Stablecoin Business Platform

According to Cointelegraph, stablecoin payments company Kast has launched KAST Business, a platform integrating corporate accounts, payment cards, cross-border transfers, and stablecoin yield-bearing balances. The platform operates through stablecoin infrastructure. Kast says businesses can receive payments via fiat virtual accounts provided by regulated partners, deposit supported stablecoins and crypto assets, issue virtual cards, and make local payments in over 20 currencies. The platform covers 170+ countries and regions, with availability varying by jurisdiction. Idle balances earn up to 8% annualized yield, with up to 3% cashback on spending. Kast is a fintech company, not a bank, with regulated services provided by licensed partners. Kast raised $80 million in March at a $600 million valuation, to be used for product development, licensing, and expansion in North America, Latin America, and the Middle East. The company says it has over 1 million users and plans to attract 1,000 to 5,000 active businesses by end of 2026.

South Korea Arrests 4 Uzbeks for Transferring USDT to Syrian Terrorist Group

According to Decrypt, South Korea's Gwangju Metropolitan Police Agency's security investigation department arrested four Uzbekistani nationals in April under the Act on Prohibition of Financing for Terrorism, and disclosed the case on Tuesday. One of them is on Interpol's red notice. Police said this is the first case involving cryptocurrency flowing out of a designated terrorist group and then returning as physical goods to fund the group. According to the investigation, between August 2024 and April 2025, the alleged mastermind transferred 4,267 USDT in seven transactions to the Syrian terrorist group Katibat Tawhid wal Jihad (KTJ), which was formed in 2014, consists mainly of Central Asian militants, and is designated as a terrorist organization by the UN and U.S. In addition, the mastermind is accused of receiving cryptocurrency from KTJ to purchase 11 used cars and 2 excavators worth about 170 million won (about $121,000), which were then shipped to Syria. The other three suspects allegedly assisted in purchasing and exporting the vehicles. Police said previous terrorism cases typically involved sending money to terrorist groups, but this is the first case of receiving funds from a terrorist group and procuring and supplying vehicles in return. The investigation showed the mastermind rotated funds between three personal wallets, deposited car purchase funds into his spouse's account, and presented another person's driver's license when arrested. He entered South Korea on a student visa in 2017, graduated from a university in Daejeon, and had been illegally staying since 2023. At his first trial in June, he denied the main charges, claiming the remittances were for household expenses and that he did not know the identity of the car buyers. Police said the investigation also led to the arrest of a second red notice suspect, and the case continues.

Data: Bitcoin Spot ETFs Saw Net Inflow of $217 Million Yesterday, BlackRock IBIT Led with $206 Million

According to SoSoValue data, Bitcoin spot ETFs saw a total net inflow of $217 million on August 31 (Eastern time). The ETF with the highest single-day net inflow was BlackRock's IBIT, with $206 million, bringing its total historical net inflow to $63.571 billion. Next was Grayscale's Bitcoin Mini Trust ETF BTC, with a single-day net inflow of $9.4165 million, bringing its total historical net inflow to $2.867 billion. The ETF with the largest single-day net outflow was VanEck's HODL, with $13.4134 million, bringing its total historical net inflow to $1.049 billion. As of press time, the total net asset value of Bitcoin spot ETFs is $99.611 billion, with an ETF net asset ratio (market cap to total Bitcoin market cap) of 6.29%, and cumulative historical net inflows of $54.847 billion.

XRP Up 40% in Two Weeks, CME Futures Open Interest Share Rises to 17%

CoinDesk reported that XRP has risen about 40% over the past two weeks, from around $0.99 to $1.38, but total XRP futures open interest fell 16% to about 2.34 billion coins. CoinGlass data shows that all exchanges except CME reduced XRP futures positions. CME's XRP futures open interest rose about 36% to 387 million coins, increasing its share of total market open interest from about 10% to 17%. CFTC data shows that as of August 25, leveraged funds held net short positions equivalent to about 116 million XRP, more than double the previous week's 57 million coins; dealers and asset managers increased net longs by about 60 million and 28 million coins respectively. The shift comes ahead of the U.S. CLARITY Act's procedural vote in the Senate, expected in mid-September. The bill, when passed by the Senate Banking Committee in May, pushed XRP up about 5%.

Data: Ethereum Spot ETFs Saw Net Inflow of $87.6799 Million Yesterday, 11th Consecutive Day of Inflows

According to SoSoValue data, Ethereum spot ETFs posted a total net inflow of $87.6799 million. The ETF with the highest single-day net inflow was BlackRock's ETHA, with $59.9357 million, bringing its total historical net inflow to $12.797 billion. Next was Grayscale's Ethereum Mini Trust ETF ETH, with a single-day net inflow of $13.5037 million, bringing its total historical net inflow to $1.924 billion. As of press time, the total net asset value of Ethereum spot ETFs is $15.614 billion, with an ETF net asset ratio of 5.23%, and cumulative historical net inflows of $13.062 billion.

Meme Hot List

According to GMGN data as of 08:45 on September 2, the top five trending Ethereum tokens in the past 24 hours were: UNI, MANYU, SHIB, LINK, V4. The top five trending Solana tokens were: fone, GPRO, SOLCAT, OTC, CATE. The top five trending Base tokens were: Basecat, DiamondPepe, SETZ, Bcash, BASELINE.