520龙行天下

September 2, 04:00 — Crypto market real-time news in the early hours

I. Market Quick Updates

1. Major coins broadly fall and probe lower
As of 04:00, the global crypto total market cap is $2.58 trillion, down 2.76% over the past 24 hours. Bitcoin is trading at $76,939, down 2.63% in 24 hours, with an intraday low touching the $77,060 level; Ethereum breaks below the $2,400 integer mark and is now at $2,398, down 2.4% over 24 hours; major coins such as SOL, XRP, and BNB also slide in sync by 2%-3%.
2. Ongoing contract deleveraging
In the past 24 hours, the total net liquidation across the entire network is about $239 million; long liquidations account for as much as 82.9%. In just 60 minutes, more than $100 million in positions were liquidated in a concentrated sweep. Bitcoin futures open interest is 109.6K, the long/short ratio is 1.23, and the funding rate remains positive at 0.0052%. Selling pressure is mainly driven by spot position closures, with no extreme negative funding rates observed.

II. Industry Headliners

1. 21 international banks jointly announce stablecoin issuance
Goldman Sachs, Bank of America, Citibank, Deutsche Bank, UBS, and 21 other top global financial institutions jointly announced on the evening of September 1 that they will establish a joint venture. The plan is to launch a USD-denominated stablecoin in the first half of 2027, and to expand long-term into G7 currencies such as the euro. It will cover scenarios including cross-border payments and institutional settlement—an important milestone for traditional finance entering the crypto space.
2. Ethereum ETF sees net inflows for 11 consecutive days
U.S. spot Ethereum ETFs recorded a daily net inflow of $87.68 million. BlackRock’s ETHA contributed $59.94 million. Institutional capital continues to build positions in Ethereum at lower levels, and the net inflow trend has now extended for 11 trading days.

III. On-chain & Ecosystem Developments

1. Institutional “whale” continues to accumulate ETH
On-chain monitoring data shows that a certain institutional address has again withdrawn 5,100 ETH from OKX (about $12.3 million). Since August 29, this whale has accumulated over 42,000 ETH across three addresses, indicating that the institution’s offline accumulation actions are ongoing.
2. DeFi security incidents keep coming
The Injective protocol suspended operations for about 4 hours due to a binary options vulnerability; stolen assets are estimated at about $4.9 million. In the Solana ecosystem, the AMM protocol Aquifer was attacked, with losses of approximately $2.5 million. In the Sui ecosystem, the DeFi protocol Full Sail announced it is stopping operations due to oracle-related issues.

🚨 The crypto market has inexplicably surged today! BTC rose 5% overnight, directly hitting the $74,000 mark, and ETH performed even better, with a daily increase of over 5%. The entire market has turned from red to green!
Just yesterday, everyone was trembling due to the breakdown of US-Iran negotiations + tensions in the Strait of Hormuz, with oil prices surpassing $100, but today there was a direct V-shaped reversal, and shorts were wildly liquidated, with the total liquidation amount easily exceeding 100 million.
Why is it so "inexplicable"?
• Oil prices have slightly retreated, and risk appetite has quickly recovered
• Short-term short squeeze + chain reaction of leveraged liquidations
• The market seems to be betting on "a ceasefire can continue" or potential positive news from the Federal Reserve/policy front
• Institutions/whales are quietly accumulating at low levels, while retail investors FOMO follow
Just yesterday, people were shouting "the bear market is here," and today some are exclaiming "the bull market has started" 😂
Crypto is like this: the most desperate times often mark the beginning of a reversal.
Of course, geopolitical risks have not been completely resolved, and selling pressure from the tax season may also emerge around April 15. After a short-term surge, will it continue to rise or pull back? No one can say for sure.
Did you feast today, or just nibble on the ashes? 
Will you continue to hold for a rise, or prepare to take profits?
Feel free to battle in the comments! 👇
#美伊和谈未能达成协议
#Strategy增持比特币

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🐎 Year of the Horse brings great fortune · Cryptocurrency circle's good luck🐎
Wishing all family members in the circle a prosperous Year of the Horse! 📊
Build positions steadily at low points, take profits quickly at high points 📈
Do not blindly chase after rising prices, do not panic or worry about missing out 🔒
Stay calm like a horse, make decisions as precise as the wind ✨
Accounts grow red daily, every layout hits the mark ✅
The road ahead is full of good news, asset appreciation gallops like a fine horse 🧧
May wealth always accompany you, transactions go smoothly, and riches flow in! 💰
$SOL $BNB $ETH

🎁🎁🎁🎁🧧88$SOL red envelope 🧧🎁🎁🎁🎁

㊗️Wishing everyone to resolve their issues early ➕ enjoy the big feast

How many people are left hanging on $ETH , hanging on the tree, the air force brothers will never

admit defeat! #美军封锁霍尔木兹海峡 (estimated to be

starting again)