The crypto market opened Thursday with a cautiously positive tone as spot Bitcoin ETFs recorded $301 million in net inflows on September 3, signaling continued institutional interest despite recent volatility. Only Ark Invest and 21Shares’ ARKB posted outflows, while spot Ethereum ETFs faced a $38.24 million net outflow, marking their third straight day of redemptions. Traders are now watching whether this momentum will influence the next crypto to explode or we will witness a further correction from here.
Key U.S. economic data, including ADP employment (expected: 75,000) and initial jobless claims (expected: 230,000), will be released today at 8:30 a.m. ET. A weaker-than-expected employment figure paired with higher claims could boost market sentiment by raising expectations of a softer Federal Reserve stance.
EXPLORE: 20+ Next Crypto to Explode in 2025
Next Crypto to Explode? Altcoin Sectors Gain Focus Amid Bitcoin ETF Flows and September Rate Cut Hopes
While Bitcoin continues to attract institutional flows, traders are eyeing sectors that could deliver the next crypto to explode. Total crypto derivatives open interest fell 2.3% to $963.8 million, with ETH/BTC funding rates turning slightly negative, indicating cautious positioning ahead of today’s data release.
U.S. labor-market signals continued to soften. Job openings fell in July, quits and hiring stayed low, and layoffs remain subdued — a profile consistent with a cooling but not collapsing market. The Fed’s Beige Book described “little or no change in economic activity,” similar conditions for employment, and “moderate or modest” price growth. Taken together, these data bolster expectations for a September rate cut.
Emerging narratives in infrastructure and AI-driven altcoins are drawing attention as potential breakout candidates, especially if U.S. macro data triggers a short-term risk-on move.
A sustained rise in Bitcoin dominance above 58% could slow altcoin rotations, but a softer jobs report may reignite flows into high-beta names.
Stay tuned to our real-time updates below.
World Liberty Blacklists Justin Sun Wallets, Billions Frozen
BREAKING – World Liberty has blacklisted Justin Sun’s address, freezing $540 million in unlocked tokens and another $2.4 billion in locked holdings. The project raised alarm, saying it believes an exchange has been dumping user tokens to suppress prices, citing on-chain evidence.
The move marks one of the most aggressive actions yet against Sun-linked wallets.
SEC Signals Major Shake-Up for Crypto Regulations
According to Reuters, the U.S. Securities and Exchange Commission (SEC) has unveiled its upcoming rulemaking agenda, signaling potential major changes for crypto regulation. The proposals could cover the offer and sale of digital assets, including possible exemptions and safe harbors, and clarify how broker-dealer rules apply to crypto.
The SEC is also considering amendments that would allow digital assets to be traded on national securities exchanges and alternative trading systems, a move the industry has long advocated for to integrate crypto with traditional finance.
SEC Chair Paul Atkins described the agenda as a “new day at the SEC,” emphasizing support for innovation, capital formation, market efficiency, and investor protection.
Additionally, the agency plans to rationalize disclosure requirements and reduce compliance burdens for public companies, particularly regarding shareholder proposals.
US Jobs Data, BTC USD and Bond Market Rally Put Fed Rate Cuts in Focus
BTC USD and the wider markets are bracing for a busy Thursday of economic releases. August ADP Nonfarm Employment, Initial Jobless Claims, the ISM Services PMI, and the S&P Global Services PMI are all due. These reports will shape expectations for whether the Federal Reserve moves forward with a September rate cut.
The anticipation follows weaker labor market signals and a stunted crypto market and BTC. The JOLTS report showed job openings fell to 7.18M in July, missing forecasts of 7.38M and marking the lowest reading since 2021.
“The jobs number showed that we are seeing more of a slowdown in the labour market in the US,” said Shaun Osborne, chief currency strategist at Scotiabank. “For the first time since 2021, there are more unemployed people in the US than available jobs and that is a big change in the outlook.”
Grayscale Launches ETCO: New Income-Oriented Ethereum Covered Call ETF
Grayscale today unveiled the Grayscale Ethereum Covered Call ETF (ticker: ETCO), a fund designed to deliver regular income using a systematic covered call strategy. Rather than holding Ethereum directly, ETCO gains exposure by writing call options on Ethereum-linked exchange-traded products (ETPs), such as the Grayscale Ethereum Trust (ETHE).
Income is distributed bi-weekly, on the 15th and 30th of each month. This structure allows investors to tap into Ether’s volatility as a potential source of yield, offering an attractive complement to traditional Ethereum exposure.
Will There Be Ethereum Supply Shock in September: Corporations Drain ETH Exchange Reserves
Ethereum is entering September under extreme supply pressure, with institutional buying and ETF demand slashing exchange reserves to historic lows. If demand stays steady, ETH could see a violent upside move this month.
Corporate treasuries, staking platforms, and ETFs are locking up billions in ETH, creating artificial scarcity. With reserves near multi-year lows, even modest buying could trigger a full-blown supply crunch.
Ukraine Moves Toward Crypto Taxation With New Bill
Ukraine’s parliament, the Verkhovna Rada, has passed the first reading of a bill to legalize and tax crypto, according to lawmaker Yaroslav Zhelezniak. The draft, supported by 246 lawmakers, proposes an 18% income tax and a 5% military tax on crypto profits, with a preferential 5% rate on fiat conversions during its first year.
If enacted, the legislation would align with recommendations from Ukraine’s financial regulator and could reshape one of the world’s most active crypto markets. The country currently ranks eighth globally in Chainalysis’s 2025 Global Crypto Adoption Index, with strong participation in both retail and institutional activity.
Further revisions are expected before the second reading, including decisions on the regulator’s role. The bill reflects Ukraine’s broader push to formalize its digital asset sector as governments worldwide, including Denmark, Brazil, and the United States, advance their own crypto tax frameworks.
The post Crypto News Today, September 4 – BTC ETFs Positive Flow as Markets Await U.S. Economic Data: Next Crypto To Explode? appeared first on 99Bitcoins.
