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Monday, 08/31/2026

Ethereum Spot ETFs See $824M Net Inflows Last Week, BlackRock's ETHA Leads with $567M

Odaily News: According to SoSoValue data, during the trading week (Aug. 24 to Aug. 28, Eastern Time), Ethereum spot ETFs saw net inflows of $824 million.

The Ethereum spot ETF with the highest net inflows last week was BlackRock's ETHA, with weekly net inflows of $567 million, bringing its historical total net inflows to $12.74 billion. This was followed by Fidelity's FETH, with weekly net inflows of $96.5009 million, bringing its historical total net inflows to $2.27 billion.

As of press time, the total net asset value of Ethereum spot ETFs stood at $15.23 billion, with the ETF net asset ratio (market cap as a percentage of total Ethereum market cap) at 5.20%, and cumulative historical net inflows reaching $12.97 billion.

Approximately 67 million cryptocurrency holders in the United States, with California having the highest number

According to Bitcoin.com News, the National Cryptocurrency Association of the United States has launched an interactive map estimating the distribution of 67 million cryptocurrency holders across states and congressional districts. The data shows that California has about 9.5 million holders, ranking first in the nation, followed by Texas, Florida, New York, and Illinois. The related data is a model estimate and not verified actual numbers.Additionally, according to research commissioned by the association, the cryptocurrency industry supports approximately 231,800 jobs in the United States, generating $55.4 billion in economic activity and $30.8 billion in labor income.

Data: In the past 24 hours, the total liquidation across the network was 399 million USD, with long positions liquidated at 276 million USD and short positions liquidated at 123 million USD

According to Coinglass data, in the past 24 hours, the total liquidation across the network was $399 million, with long positions liquidated at $276 million and short positions liquidated at $123 million. Among them, Bitcoin long positions were liquidated for $53.9131 million, Bitcoin short positions for $32.9239 million, Ethereum long positions for $73.3491 million, and Ethereum short positions for $51.4744 million.In addition, in the last 24 hours, a total of 99,028 people were liquidated globally, with the largest single liquidation occurring in Aster - ETHUSDT worth $6.1292 million.

Crypto Market Falls Broadly, Meme Sector Drops Over 4%, BTC Dips Below $78K

Odaily News: On Aug. 31, according to SoSoValue data, the crypto market saw a pullback after consecutive gains. The Meme sector, which had previously performed strongly, fell 4.19% in 24 hours. Within the sector, OFFICIAL TRUMP (TRUMP) dropped 10.55%, Fartcoin (FARTCOIN) fell 10.44%, and Pump.fun (PUMP) declined 12.40%.

Meanwhile, Bitcoin (BTC) fell 0.44%, dropping below $78,000; Ethereum (ETH) fell 1.61%, slipping below $2,500.

In other sectors, the Layer2 sector fell 0.04% in 24 hours, with Polygon (POL) down 7.98%, but Mantle (MNT) remained relatively strong, rising 5.84%; the CeFi sector fell 1.71%, with OKB (OKB) down 4.09%; the Layer1 sector fell 1.97%, with Solana (SOL) down 3.35%; the PayFi sector fell 2.10%, with Monero (XMR) surging 4.54% intraday; the DeFi sector fell 2.26%, with Uniswap (UNI) bucking the trend to rise 9.31%.

The crypto sector indices reflecting historical sector performance show that the ssiMeme, ssiAI, and ssiNFT indices fell 4.42%, 3.29%, and 3.12%, respectively.

Machi Adds Bitcoin Longs to 155 BTC, Worth About $12.05 Million

Odaily News: According to Onchain Lens monitoring, Machi (@machibigbrother, 0x020...872) opened a native long position of 155 BTC on Hyperliquid, worth about $12.05 million; he still holds a long position of 41,150 ETH, worth about $99.64 million, with an unrealized loss of about $1.41 million; total open long positions amount to about $111.69 million.

Robinhood Chain's 24-Hour App Revenue Reaches $1.84M, Surpassing Ethereum to Rank Second Across All Chains

Odaily News: According to DefiLlama data, Robinhood Chain's app revenue in the past 24 hours reached $1.84 million, surpassing Ethereum's $1.14 million in the same period and more than six times Base's approximately $299,000. It currently ranks second across all chains, trailing only Solana's $5.03 million.

Among them, GMGN, Pons, and Uniswap are the three protocols contributing the most to Robinhood Chain's app revenue, with app revenues of approximately $803,000, $693,000, and $294,000 respectively in the past 24 hours.

Data: Robinhood Chain's application revenue in the past 24 hours reached 1.84 million USD, surpassing Ethereum and rising to second place across all chains

According to DefiLlama data, Robinhood Chain's app revenue in the past 24 hours reached $1.84 million, surpassing Ethereum's $1.14 million during the same period, and exceeding Base (approximately $299,000) by more than 6 times. It currently ranks second across all chains, only behind Solana's $5.03 million.Among them, GMGN, Pons, and Uniswap are the three protocols that contributed the most to Robinhood Chain's app revenue, with approximately $803,000, $693,000, and $294,000 in app revenue respectively in the past 24 hours.

OpenAI terminates the Cursor model contract, Musk criticizes Altman

OpenAI has notified SpaceX that it will terminate the contract to provide models for the AI coding tool Cursor it acquired, with a suggested termination date of November 12, stating that this is the longest notice period stipulated in the contract. OpenAI expressed that the decision was difficult, as it values the widespread use of its models by developers, but due to Musk's past breaches of contract, it does not trust SpaceX to use the technology as agreed, and mentioned issues related to the use of OpenAI models during xAI training and contract problems when acquiring X.Musk stated on X that he does not care at all and referred to Sam Altman and Greg Brockman as frauds, accusing them of stealing from an open nonprofit organization. Musk was a co-founder of OpenAI but later filed a $150 billion lawsuit against OpenAI and lost due to exceeding the deadline. OpenAI had attempted to acquire Cursor's developer Anysphere but was unsuccessful, while SpaceX acquired Cursor for $60 billion, with the merger completed on August 15.Michael Truel, co-founder of Cursor and now an executive at SpaceX, stated that Cursor views the OpenAI platform as neutral infrastructure and is negotiating with OpenAI, noting that OpenAI models account for 5% of Cursor's user traffic. Tom Brown, co-founder of Anthropic, stated that they will continue to expand computing power to provide the Claude model on Cursor.

Seven Most-Traded Tokenized Stocks on BNB Chain or Robinhood Chain, DEX Volume Reaches $4.3B in Past 30 Days

Odaily News: Token Terminal posted on X that the seven most-traded tokenized stocks are all on BNB Chain or Robinhood Chain. Over the past 30 days, these tokenized stocks generated a combined $4.3 billion in DEX trading volume, with QQQb on BNB Chain ranking first with $1.6 billion in volume, followed by SPCXb and SPYb with $848.9 million and $644.5 million, respectively.

Additionally, the top seven include NVDA, SPACEX, and SPY on Robinhood Chain, as well as NVDAb on BNB Chain.

Whale Longs 45,000 ETH, Position Valued at $109M, Faces $3.35M Unrealized Loss

Odaily News: According to on-chain analyst Yu Jin's monitoring, a whale went long 32,000 ETH at $2,487 per coin two days ago, valued at $80 million; early this morning, the whale added 13,000 more ETH, increasing the position to 45,000 ETH, with a total value of $109 million and an average long entry price of $2,486 per coin. Following the recent pullback, the position is currently facing an unrealized loss of $3.35 million, with a liquidation price of $2,251 per coin.

Data: A certain whale incurred an unrealized loss of 3.35 million dollars after going long on 45,000 ETH

According to on-chain analyst Yu Jin's monitoring, a certain whale went long on 32,000 ETH at a price of $2,487 each two days ago, worth $80 million; the whale increased its position by another 13,000 ETH, bringing the total position to 45,000 ETH, with a position value of $109 million, and an average entry price of $2,486 each.With the recent pullback, this position is currently at a floating loss of $3.35 million, with a liquidation price of $2,251 each.
Sunday, 08/30/2026

Bitcoin Drops to $77,000, Brent Crude Rises 2.3% After U.S. Strikes in Strait of Hormuz

Odaily News: The U.S. Central Command confirmed that U.S. forces attacked two Iranian rocket launchers in the Strait of Hormuz in the early hours of Sunday, Beijing time, August 31. This is the first time the United States has publicly acknowledged attacking Iran since the end of July. In the early hours of the 31st, Iran's Islamic Revolutionary Guard Corps posted on social media that it had launched missiles at a U.S. military base, and stated that the attack on Larak Island had caused casualties, including civilians, and that such aggression would be met with retaliation.

In response to the news, WTI crude oil gapped up nearly 2% on Monday, while Brent crude returned to $90 per barrel, up 2.3% on the day. Spot gold gapped down at the open. The cryptocurrency market broadly declined, with Bitcoin falling to a low of $77,000, currently trading at $77,399.02, down 1.7% in the last hour.

Strategy Bitcoin holdings have an unrealized profit of over 2.8 billion dollars, Saylor hints at possibly restarting purchases

As Bitcoin's price rose to about $79,007 on Sunday, the 840,447 Bitcoins held by Michael Saylor's Strategy had a total value of approximately $6.64 billion, about 4.4% higher than its average purchase cost of $75,653, resulting in an unrealized gain of over $2.8 billion. Saylor posted a chart of his holdings on the X platform with the caption "We're Back," sparking speculation in the market about a possible resumption of buying.Strategy typically discloses its weekly Bitcoin purchases on Monday mornings, and the company has not increased its holdings for about two months. Recently, Strategy raised $334 million by selling MSTR stock without touching its Bitcoin holdings and sold a small amount of Bitcoin to pay preferred stock dividends and buybacks, indicating a shift in capital management strategy. Bitcoin fell to $76,877 last Friday due to comments from Federal Reserve Chairman Waller about inflation cooling less than expected, but it remains far below the historical high of about $126,000 in October.

Strategy's Bitcoin Holdings Surpass $2.8 Billion in Profit, Holding 840,400 BTC

Odaily News: Enterprise software company Strategy holds 840,400 Bitcoin valued at approximately $66.4 billion. Based on a Bitcoin price of about $79,007, this represents a gain of approximately 4.4% over the average purchase cost of $75,653, with paper profits exceeding $2.8 billion.

Michael Saylor posted a chart of the holdings on Sunday with the caption "We're Back." Strategy has not increased its Bitcoin holdings for about two months, typically disclosing weekly purchases on Monday mornings; this post did not indicate whether a purchase is imminent.

Strategy recently raised $334 million by selling MSTR stock, without touching its Bitcoin; in recent months, it has also sold small amounts of Bitcoin to pay preferred stock dividends and for stock buybacks. (Decrypt)