Crypto Market Feels Pressure From News Flow

🟩On September 3, Bitcoin rose 0.32% to $110,743, while Ethereum fell 2.17% to $4,311 amid moderate market volatility. At the same time, Coinbase announced the launch of Mag7 + Crypto Equity Index Futures, combining tech-giant equities, Coinbase stock, and spot BTC/ETH ETFs.

🟩In a landmark move, both the SEC and CFTC jointly backed trading of spot crypto assets — a development that could further attract institutional investors. Meanwhile, the Ethereum Foundation sold 10,000 ETH to fund grants, and CIMG Inc. allocated $55M into Bitcoin as part of its strategic reserves. Despite ETH outflows of $135M from Ethereum ETFs, BTC ETFs saw $333M in inflows, signaling stronger demand for Bitcoin.