Latest Crypto News and Market Updates – September 3

1. SOL Surges Above $208

SOL gained 6%, surpassing the $208 mark. Meanwhile, BTC remains stuck around $110K, and ETH continues to weaken, fueling bearish sentiment.

2. WLFI Drops Near $0.22

WLFI declined further, approaching the critical $0.20–$0.22 zone. At the same time, Trump appeared on TV, denying rumors about his health.

3. MKR Jumps Over 10%

Sky founder (former MakerDAO) revealed that the protocol currently generates about $338 million in annual profits thanks to cost-cutting measures.

4. ENA Recovers 10%

ENA bounced back by around 10% after hitting bottom. The recovery came as USDe supply reached $12.43 billion, making it the third-largest stablecoin. A new fee-sharing plan is also drawing attention.

5. XVS Rebounds To $6.15

The Venus project confirmed that its system has returned to stable operations. All previously exploited funds have been fully recovered.

6. LINEA Pre-Market Price Falls To $0.035

LINEA launched Ignition, a liquidity incentive program distributing 1 billion tokens. This could be a fresh opportunity for airdrop farming.

7. Rumors Jack Ma Is Holding ETH

Hong Kong’s Yunfeng Financial, reportedly linked to Jack Ma via an indirect 11.15% stake, is said to be holding around 10,000 ETH.

8. Ethereum Foundation Sells Another 10K ETH

The Ethereum Foundation sold 10,000 ETH to fund R&D and grants. Some market watchers argue that OTC sales would have been a better approach.

9. Gemini Files For IPO In The U.S.

Crypto exchange Gemini has officially filed for an IPO in the U.S. Its proposed ticker symbol is GEMI.

10. Ethereum Staking Update (PoS)

832K ETH pending staking

861K ETH in the withdrawal queue
=> Staking activity is heating up again.

11. Market Overview Through AI Analysis

BTC: Strong short-term volatility; resistance at $112K–$114K, support at $108K. Weak inflows, cautious sentiment.

ETH: Weak in the short term, with key support at $4,300–$4,360. Whales trading leveraged positions on both sides, showing mixed sentiment.

Altcoins: Diverging performance; SOL remains strong, while WLFI is the go-to choice for high-risk traders.

Macro: Weakening DXY continues to support a positive medium-term outlook for crypto.

Disclaimer: The content above reflects the author’s personal views and does not represent any official position of Cobic News. The information provided is for informational purposes only and should not be considered as investment advice from Cobic News.