News
The day at a glance · 3 min read
Mood · Risk-Off
-45
Sentiment, −100 to +100
Bitcoin Price
$83K
Bitcoin ETF Weekly Flow
$2.4B
Solana ETF Weekly Flow
$188 million
Key driverBitcoin traded below $83K as U.S. President Trump rejected Iran ceasefire proposal over the weekend, weighing on risk assets and crypto markets.
Daily briefCrypto & Web3· Money365.Market AI ·

Bitcoin Under $83K as Geopolitics Weigh; ETFs Draw $2.4B

BTC drops on U.S.-Iran tensions while Bitcoin ETFs post largest weekly inflow since October 2025; Bitget resumes withdrawals after $388M hack.

Bitcoin & Ethereum

Bearish

BTC Support Level

82,500

BTC Resistance

85,000
Bitcoin (common stock) dropped below $83K as U.S. stock futures declined after President Donald Trump did not commit to permanently halting strikes on Iran and rejected Iran's proposal to reopen the Strait of Hormuz over the weekend, telling reporters he expected to resume bombing Iran after the midterms. Technical support sits at 82,500 with sellers targeting 76,000 and buyers defending the upward trendline, while resistance holds at 85,000 with bulls aiming for 90,000.
Bitcoin ETFs (exchange-traded funds) drew $2.4B in their largest weekly inflow since October 2025, though daily inflows slowed as Bitcoin pulled back from above $87,100. Ether and XRP ETFs also attracted fresh capital during the week.
Solana ETFs (exchange-traded funds) drew record $188 million in weekly inflows with Bitwise capturing two-thirds of the total. Vitalik Buterin stated that Hegotá could be Ethereum's last normal fork, noting that PeerDAS marked the start of Ethereum's transition from being just a blockchain to something much more powerful.

Crypto Stocks

Neutral
COINHOOD
Coinbase Global Inc (COIN) (common stock) remains highly cyclical with Q2 and H1 2026 showing declining revenues and operating losses amid a crypto bear market, according to a Seeking Alpha analysis. Morgan Stanley stated that Robinhood Markets, Inc. (HOOD) (common stock) quietly built something bigger ahead of its September Summit, noting tokenized securities could take Robinhood beyond crypto trading.
Robinhood (HOOD) CEO Vlad Tenev laid out a strategy to use trading as a way to acquire customers and then manage their wealth for the rest of their lives, describing active trading as the engine room and the foundation. The company is pushing beyond trading with wealth management as a potential source of steadier revenue.

Security & Exchange Incidents

Bearish

Bitget Hack Amount

$388 million

GIWA Scam Loss

$2M
Bitget (crypto exchange) resumed Bitcoin withdrawals as the hacker swapped ETH via THORChain following last week's $388 million hack, with Ether withdrawals scheduled to return Tuesday and USDt on Wednesday. THORChain came under fire for refusing to blacklist addresses linked to the Bitget hack.
Scammers stole $2M in ETH as fake GIWA network fooled DYORSWAP, with DYORSWAP stating it paid more than 200 ETH in compensation while Upbit operator Dunamu's GIWA warned that its mainnet had not launched. Zano blockchain rolled back a month after Gateway Address exploit, restarting at the block height that came immediately before Hard Fork 6 which introduced Gateway Addresses.

Regulation & Policy

Neutral
California Governor Newsom signed a memecoin ban restricting public officials from issuing memecoins and calling it The Opposite of Trump, with the law also restricting crypto companies from offering certain memecoins tied to public officials to California residents effective for tokens issued from January 1, 2027.
Hong Kong regulators expanded financial reporting oversight to licensed crypto firms as the SFC and AFRC signed a new MoU extending financial reporting, audit and compliance cooperation to licensed virtual asset service providers. South Korea is weighing allowing crypto market makers after JPYC traded at 4 times its peg, with crypto market making effectively restricted under South Korea's manipulation rules but regulators reconsidering the approach after a JPYC spiked on Upbit this month.

Looking Ahead

Neutral
Bitcoin's focus will remain on Middle East developments and Federal Reserve policy, with a breakthrough positive for bitcoin as aggressive rate hike bets would likely get pared back while a prolonged stalemate or re-escalation will likely continue to weigh on the cryptocurrency.
Upcoming U.S. economic catalysts include Tuesday's Consumer Confidence report and Job Openings data, Wednesday's ADP and PCE price index, Thursday's ISM Manufacturing PMI and Jobless Claims figures, and Friday's NFP report. Market participants will likely continue to play the range by buying at support and selling at resistance until a breakout occurs on either side of the 82,500 to 85,000 consolidation zone.

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