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Altcoin liquidations hit $369.67M as oil surge fuels Fed hike bets
Edgen Crypto·Sep 02 2026, 17:05Share to
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[1] XRP, Ether and Solana Hit by $369M Crypto Liquidation Wave (https://www.tokenpost.com/news/investing/2294 ...)[2] Bitcoin Slides Under $77K as Oil Surge Overpowers Fresh ETF Inflows (https://cryptorank.io/news/feed/c4e60-bitcoin ...)[3] Oil prices surge after U.S. renews Iran strikes, heightening inflation fears (https://www.nbcnews.com/business/markets/bond ...)[4] One place for your portfolios, metrics and more (https://finance.yahoo.com/portfolios/ ...)[5] Tesla, Inc. (TSLA) Stock Forum & Discussion - Yahoo Finance (https://finance.yahoo.com/quote/TSLA/communit ...)
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Sep 02 2026, 17:54
21 banks form stablecoin venture to challenge Tether's $180B dominance
Twenty-one of the world's largest banks and asset managers, including Goldman Sachs, Citi and Bank of America, agreed Sept. 1 to form a company that will issue a dollar-denominated stablecoin on public blockchains, targeting a first-half 2027 launch. "US banks could outperform us early in the American market," Paolo Ardoino, chief executive of Tether, the largest stablecoin issuer, said after the US GENIUS Act took effect last year. The unnamed venture, due to be established in the second half of 2026 subject to closing conditions, spans 21 institutions across North America, Europe, East Asia, the Middle East and Africa. Members include Deutsche Bank, UBS, Wells Fargo, Fidelity Investments, Santander, BBVA, MUFG and Standard Bank. The group grew from the ten banks that floated the idea in October 2025 and plans to extend issuance to other G7 currencies, naming a euro token as its next priority. It enters a market Tether still dominates with more than $180 billion in dollar-pegged tokens outstanding, while Société Générale's dollar stablecoin has drawn only about $12.5 million in circulation. The decision to issue on public blockchains rather than a private bank network is what most directly threatens Circle and Tether, because it removes the distribution edge the incumbents built by wiring USDC and USDT into exchanges, wallets and DeFi protocols. A stablecoin — a token pegged one-to-one to a fiat currency and backed by reserves — minted by banks with existing customer relationships and payment infrastructure can reach wholesale and retail users through the same rails the issuers already control, without first winning over crypto-native venues. The consortium said the token will comply with the US GENIUS Act and Europe's MiCA where applicable. The law, signed July 18, 2025, requires one-to-one backing by eligible liquid reserves, redemption protections and regular disclosure, and bars issuers from paying interest solely for holding the coin. Several implementing rules remain unfinished after agencies missed a July 18, 2026 deadline, with the Office of the Comptroller of the Currency targeting November 2026 for final rules — a timeline that lands just before the consortium's launch window. A future euro-denominated token would fall under MiCA's electronic money token category, subjecting it to authorization, reserve and redemption requirements in the bloc. A separate European push is already underway. Qivalis, a bank consortium building a MiCA-compliant euro stablecoin for the second half of 2026, has grown to 37 members, with some banks, including BBVA, in both efforts. European Central Bank President Christine Lagarde has warned that privately issued stablecoins pose risks to monetary policy and financial stability. The venture has not disclosed which public blockchains it will support, where reserves will be held, or whether customers can hold and transfer the token directly or must do so through participating institutions. Those details, along with the company's name and token branding, will determine how the consortium's distribution reach translates into circulation once the dollar coin launches in the first half of 2027. This article is for informational purposes only and does not constitute investment advice.
Sep 02 2026, 17:25
Bitcoin cycle momentum flips positive after 8-month bearish run
Bitcoin's Cycle Momentum indicator turned positive for the first time in eight months, a CryptoQuant on-chain signal that historically has marked the end of prolonged bear markets. "To confirm the reversal, the indicator needs to continue moving higher and reach the 20-30 level in the coming weeks," CryptoQuant analysts wrote in a Sept. 2 quicktake, cautioning that the current market structure remains mixed. The flip follows Bitcoin's surge from $62,000 to $81,000 in August, which pulled the market out of a months-long slump. Wallets holding at least 100 BTC added roughly 60,000 coins during the month, while investors holding less than 100 BTC sold a combined 47,000, according to CryptoQuant data. U.S. spot Bitcoin ETFs recorded their strongest weekly inflows in 10 months, and more than $470 million in USDC flowed into major exchanges. The signal challenges the view that institutional inflows had rendered Bitcoin's four-year cycle obsolete. Skeptics who argued that ETF-era capital had flattened the halving-driven rhythm have been shown wrong on this reading, and cycle-following traders are returning to the market. ## STH Profit-Taking Pressures the Rally Short-term holders complicate the picture. Analyst Darkfost flagged that this group realized average profits of up to 15 percent in August — above the roughly 11 percent seen during the all-time high — the highest level since October 2025. That profit-taking adds sell-side pressure that must be absorbed by fresh demand. Apparent demand, meanwhile, has deteriorated. The metric moved back into negative territory over recent days, Darkfost said, warning that without a rebound Bitcoin could enter a new leg down. Large holders, by contrast, are leaning into the recovery. Rather than selling, some have used their Bitcoin as collateral for loans to ride out the downturn, with the volume of such borrowing among big investors rising 18 percent on specialized platforms, per CryptoQuant. ## Support and the Confirmation Window Bitcoin traded near $77,341 at the time of writing, down 1.9 percent over 24 hours, after closing August at $78,581 on Binance. The key support zone sits around $69,000, the average price at which short-term investors bought their coins. If that level holds, a return to the broader bullish trend would be a matter of time, analysts said. The confirmation window is the coming weeks. If the Cycle Momentum indicator reaches 20-30 and apparent demand recovers, the bear-market reversal would be validated; if demand keeps sliding, the positive flip risks proving a false dawn. This article is for informational purposes only and does not constitute investment advice.
Sep 02 2026, 17:01
Bitcoin slides below $77K as bond sell-off dents onchain demand
Bitcoin fell 1.02 percent to $76,800 on Sept. 2, breaking below $77,000 as a bond and equities sell-off pushed onchain demand negative. Darkfost, a pseudonymous analyst who tracks Bitcoin onchain flows, said the apparent demand metric reversed again after a brief recovery in August, with profit-taking by short-term holders — investors who acquired BTC within the past 155 days — outpacing new buying interest. The analyst cautioned that if demand does not recover soon, Bitcoin could face another leg down, potentially revisiting price ranges not seen in recent weeks. The onchain apparent demand metric estimates the net change in Bitcoin holdings among long-term investors. A negative reading indicates that selling pressure from short-term holders is exceeding new accumulation, often pointing to weakening market momentum. The latest reading follows a period in August when Bitcoin rebounded roughly 30 percent from its lows, though spot volume during that recovery hit a three-year low, according to data cited by BitcoinWorld. Notably, the number of Bitcoin wallets holding at least $1 million surged by 11,636 in August as large holders returned, yet that accumulation has not been enough to offset short-term selling pressure. The macro backdrop is dominated by a bond market sell-off that has pushed yields higher and pressured equities, creating risk-off conditions that typically weigh on speculative assets. Rising bond yields threaten to push up US borrowing costs, according to analysts cited by MSN. Bitcoin, which has increasingly traded in correlation with risk assets, has not been immune to this dynamic. Bitcoin's total market capitalization stands at $2.68 trillion, down 1.05 percent in the past 24 hours, while BTC dominance sits at 57.35 percent, according to CryptoRank data. Ethereum dominance is 10.84 percent. Total 24-hour spot volume across the market reached $33.3 billion, down 2.91 percent. For traders, the key question is whether Bitcoin can hold its current support zone near $77,000 and whether the apparent demand metric shows signs of improvement in the coming days. A sustained recovery in demand could indicate that selling pressure is exhausting, while continued negative readings might confirm a deeper correction. Onchain metrics should be weighed alongside technical analysis, trading volumes, and macroeconomic data releases that could influence liquidity conditions. This article is for informational purposes only and does not constitute investment advice.