BTC traded at $77,079, down 1.13% over 24 hours, with ETH at $2,466.75, down 0.07%. Gold at $4,389.00 and silver at $64.525; the S&P 500 and Nasdaq 100 fell 0.58% and 1.08% respectively, while WTI and Brent fell 3.16% and 3.40%.
1. Crypto market falls for a second day, PayFi leads losses down 4.36%
Crypto markets fell for a second straight day, with the PayFi sector leading declines, down 4.36% over 24 hours, according to SoSoValue; BTC broke below $77,000 and ETH below $2,500.
Watch: BTC ETH
2. Brent and WTI extend intraday losses to about 3%
Brent extended its intraday decline to about 3% while WTI fell nearly 3%, pulling both back from a three-month high.
Watch: CL BZ
3. Bitcoin spot ETFs log $283M net outflow
US bitcoin spot ETFs saw a total net outflow of $283 million on September 10 (US Eastern time), the third consecutive day of outflows, according to SoSoValue; Ark and 21Shares' ARKB led with a single-day outflow of $164 million, while Morgan Stanley's MSBT logged a $3.98 million inflow.
Watch: BTC
4. BlackRock's ETHB bought $251M of ETH over past 20 days
BlackRock's Staked ETH ETF (ETHB) bought $13.9 million of ETH yesterday and has accumulated $251.4 million over the past 20 trading days with no single-day outflows, according to Arkham; ETHA and Fidelity's FETH logged outflows over the same period.
Watch: ETH
5. Whales split: $49.33M short against $70M long
Whale address 0xedcd opened a 640 BTC ($49.33 million) short at 4x leverage, while another address opened a 911.55 BTC ($70.08 million) long at 40x leverage with a liquidation price of $76,300; that address has won 92.5% of its last 80 BTC trades, according to Lookonchain.
Watch: BTC
6. Chainlink strategic reserve adds 91,100 LINK
Chainlink's strategic reserve recently added 91,100 LINK (about $1.06 million), and has accumulated 511,000 LINK (about $5.52 million) over the past 30 days, bringing its total to 5.86 million LINK (about $67.24 million), according to Onchain Lens.
Watch: LINK
7. Solana mints over 263,000 tokens in a single day
The Solana network added more than 263,000 new SPL tokens in a single day, a record high and far above the 40,000-50,000 daily average during the December 2024 meme peak, according to Cointelegraph; of the 40,400 tokens launched via launchpads that day, Pump.fun accounted for 34,200, or about 85%.
Watch: SOL PUMP
8. TRON settles $2.08 trillion in stablecoins in Q2
TRON's Q2 stablecoin settlement volume reached $2.08 trillion, up 6.12% quarter over quarter, with stablecoin supply at $89 billion; on-chain transactions totaled 1.1 billion (up 12%), and TVL reached $28.15 billion (up 8.27%), according to Onchain Lens.
Watch: TRX
9. Arbitrum Q3 revenue up about 140% over Q2
Arbitrum's revenue so far in Q3 has grown about 140% versus all of Q2, driven mainly by Robinhood Chain licensing fees and treasury yield, said Brendan Ma, head of investment strategy at the Arbitrum Foundation; the DAO treasury took in $2.59 million in the first six days of September, implying annualized revenue above $150 million.
Watch: ARB
10. Robinhood crypto volume up 61% in August
Robinhood reported August operating data with crypto notional volume of $17.5 billion, up 61% month over month and down 38% year over year; total platform assets reached $383.7 billion, up 8%, and funded customers rose to 28.6 million.
Watch: HOOD
Market snapshot
BTC: $77,079 | ETH: $2,466.75
Gold: $4,389.00 | Silver: $64.525
WTI: $99.24 | Brent: $103.97
S&P 500: 7,591.70 | Nasdaq 100: 29,103.51