[LIVE] Crypto News Today, September 4 – BTC ETFs Positive Flow as Markets Await U.S. Economic Data: Next Crypto To Explode?

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.

24h7d30d1yAll time

BTC ▼-0.37% dominance remains at 57.75%, near its late-June highs, as altcoins trade mixed. Niche sectors like DePIN and prediction markets recorded isolated gains, while major Layer 1s such as ETH ▲1.20% lagged, sliding -4.3% weekly versus Bitcoin’s -1.9%.

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.

Will There Be Ethereum Supply Shock in September: Corporations Drain ETH Exchange Reserves

By Fatima

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.

24h7d30d1yAll time

Read The Full Article Here

Ukraine Moves Toward Crypto Taxation With New Bill

By Fatima

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.

Why you can trust 99Bitcoins

10+ Years

Established in 2013, 99Bitcoin’s team members have been crypto experts since Bitcoin’s Early days.

90hr+

Weekly Research

100k+

Monthly readers

50+

Expert contributors

2000+

Crypto Projects Reviewed

Follow 99Bitcoins on your Google News Feed

Get the latest updates, trends, and insights delivered straight to your fingertips. Subscribe now!

Subscribe now

Fatima is a rising crypto journalist with a sharp eye for hidden gems and technical analysis. When she’s not charting the next big breakout or diving into onchain data, a firm believer that alpha is where you least expect it,…
Read More