Lookonchain APP

App Store

American Bitcoin triggered a temporary halt, surging 31% before the halt.

2025.09.03 22:16:20

On September 3rd, the Bitcoin mining company affiliated with the Trump family, American Bitcoin, triggered a volatility trading halt, with a 31% surge before the halt. (Oriental Fortune Network)
Relevant content

Analysis: Bitcoin’s price has diverged from its demand, with ETF inflows and coin hoarding via transfers out of trading platforms acting as short-term support.

CryptoQuant analyst Darkfost notes that while Bitcoin’s price is rising, sustained buying pressure has yet to reestablish, leaving mixed market signals. As of the 30th, cumulative spot demand stood at -180,000 BTC, remaining negative; futures demand was +54,000 BTC, still positive but slightly down. Total average demand improved from -188,000 BTC to -126,000 BTC, narrowing the gap but still in negative territory overall. A recent divergence has emerged between price and total demand: Bitcoin’s price is up, but total demand has not turned positive, indicating the rally is driven more by easing selling pressure than strong buying. Breaking down by segment, demand recovery is uneven. For institutional players, while geopolitical and macroeconomic conditions remain unfavorable, the volume-weighted Coinbase Premium briefly turned positive, signaling U.S. spot prices occasionally trade at a premium to other markets, with institutional selling pressure easing notably. ETFs have been the biggest change in this cycle: demand has flipped completely compared to this summer, with recent net purchases of roughly 70,000 BTC. Cumulative inflows for 2026 still stand at around -17,000 BTC, but are close to turning positive. For trading platforms, net outflows dominated throughout September, a trend pointing to accumulation rather than distribution—Bitcoin leaving exchanges typically translates to lower near-term selling pressure. Analyst Darkfost concludes that the current price rally is not driven by stronger buying, but rather by investors refraining from adding more selling pressure at higher price levels, leaving the market structure still fragile.

5 minutes ago

Binance will close UAH fiat deposits and withdrawals and delist the USDT/UAH spot trading pair.

Binance announced it will discontinue Ukrainian hryvnia (UAH) deposit and withdrawal services via Fiat Trade UAH, and delist the USDT/UAH spot trading pair. Starting September 28, 2026, at 09:00 UTC+2, UAH deposits and withdrawals will no longer be supported, and the USDT/UAH spot trading pair will be officially taken offline. All outstanding orders will be automatically removed once trading stops. Users’ eligible remaining UAH balances will be automatically converted to USDT at a fixed rate of 1 USDT = 46.5 UAH by September 30, 2026, at 18:00 UTC+2. No user action is required, as the conversion will be processed automatically by the system.

5 minutes ago

Firecrawl raises $75 million in funding to build a 'unified data source gateway' for AI agents

Beating AI News Flash: Firecrawl secures $75 million Series B funding led by Smash Capital, and launches Alexandria. The platform integrates web search, third-party data sources, and Firecrawl’s proprietary index into a unified interface, eliminating the need for AI agents to connect to separate APIs for each data type. For instance, an agent researching a company can first search the web, then directly call Fiscal.ai for financial data; access economic data via FRED and the World Bank; and search GitHub and Firecrawl’s Developer Index for coding-related queries. Alexandria currently covers additional data types including academic papers, government datasets, commodities, real estate, and job postings, accessible via API, MCP, and CLI. Firecrawl reported that when testing the same model and prompt across 845 tasks, responses using Alexandria were 21% higher in quality than those generated by the model’s native web tools. Proceeds from the funding round will also be used to acquire and integrate additional data sources. Firecrawl already has a paid partnership with Wikimedia Enterprise, and plans to onboard more researchers, publishers, and data providers to contribute their content to Alexandria, with revenue generated when agents utilize this data.

5 minutes ago

South Korean stocks closed higher, with Samsung Electronics rising 3.25% and SK Hynix gaining 1.2%.

According to Bitget market data, South Korea's KOSPI index closed up 61.02 points, a 0.87% gain, ending at 7078.93 points. Samsung Electronics rose 3.25%, and SK Hynix gained 1.2%.

5 minutes ago

Hyperliquid's open interest hits $18 billion, reaching an all-time high.

Official data from Hyperliquid shows its open interest has reached $18 billion, hitting a new all-time high. This figure refers to bilateral open interest, calculated as the sum of long and short positions. Over the past year, Hyperliquid has expanded from a crypto perpetual trading platform into an on-chain trading infrastructure supporting stocks, commodities, indices, pre-IPO, and event contracts. Launched in October 2025, HIP-3 allows third parties to stake HYPE and deploy their own perpetual markets, with underlying assets covering U.S. stocks, gold, crude oil, the S&P 500, and private companies like SpaceX. As of early September 2026, cumulative trading volume on HIP-3 markets exceeded $548 billion, accounting for roughly 30% of the platform’s total trading volume in the past 30 days. HIP-4, launched in May 2026, filled the gap in prediction markets and event contracts, and was further opened to third-party deployments at the end of August. During the same period, firms including 21Shares, Bitwise, and Grayscale sequentially launched HYPE spot or staking-based ETFs, while the platform rolled out native lending and advanced licensed HIP-3 markets for U.S. users.

5 minutes ago

Stablecoin payment network Atum completes $13.5 million funding round led by Variant.

Stablecoin payment network Atum has announced the completion of a $13.5 million funding round, led by Variant, with participation from PayPal Ventures, Abstract Ventures, Road Capital, Mirana Ventures, First Commit, and Credibly Neutral. Founded by former Visa crypto product head Pete Cooling, Atum positions itself as a unified coordination layer for global fund flows. The platform does not issue its own token, operate a dedicated blockchain, provide asset custody, or favor specific payment rails. Instead, it uses a matching market to let settlement service providers compete to fulfill payment requests, supports senders to freely choose payment assets and receivers to accept settlement assets as needed, and enables stablecoin micropayments and cross-border settlements for both humans and AI agents.

5 minutes ago

Popular tokens

BitcoinEthereumHyperliquidSolanaTRONBNBTetherAaveXRPPepeFartcoinOndoJupiterUniswapBonkPendleEthenaArbitrumAvalancheLidoChainlinkPolygonDogecoinCardano