U.S. spot Bitcoin ETFs drew $730.8 million on Sept. 3, their strongest daily inflow since January, as BTC briefly topped $82,000 before reversing. Elsewhere this week, Polymarket pursued a $1 billion funding round at a proposed $21 billion valuation, and Cronos validators rolled back the blockchain after a $75 million exploit.
Bitcoin ETFs recorded $730.8 million in net inflows on Sept. 3, their biggest single-day haul since January. The inflow followed renewed institutional demand after an earlier stretch of withdrawals.
BTC reverses after topping $82,000
Bitcoin briefly climbed above $82,000 before stronger-than-expected U.S. employment data lifted Treasury yields and reduced expectations for easier Federal Reserve policy. As a result, BTC erased its daily gains and returned to the $79,000 range.
Polymarket seeks $1 billion at $21 billion valuation
Donald Trump Jr.'s 1789 Capital agreed to lead a planned $1 billion Polymarket funding round with an investment of roughly $300 million. The transaction would value the prediction market platform at $21 billion, up from nearly $15 billion.
The planned investment would bring 1789 Capital's disclosed Polymarket commitments to about $500 million. Polymarket returned to the U.S. through its $112 million acquisition of CFTC-licensed QCEX after restricting American users under a 2022 settlement.
Cronos reverses chain after $75 million exploit
Cronos rolled back its blockchain following an exploit involving the Tectonic lending protocol and about $75 million in assets. Validators reverted the network to a point before the attack after initially halting block production.
RedStone said the incident did not result from an oracle failure, challenging early claims about the exploit's cause. The rollback restored the earlier network state but also raised questions about transaction finality and validator control.
Source: crypto.news
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