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Bitcoin, Ethereum Fall As Trump Warns Iran Of A Bigger Attack

Bitcoin and Ethereum slid Tuesday after President Trump announced U.S. strikes on Iranian targets near the Strait of Hormuz and warned of a larger attack to come.

notable Bitcoin analyst James Lavish commented on a key global bond yield gauge hitting its highest level since 2008, calling it “the death of fiat in a slow-motion train crash.” 

Analyst Caleb Franzen added that literally everyone in the market now expects yields to move higher, a level of consensus that itself carries contrarian risk.

Rising yields matter for Bitcoin because higher returns on safe government bonds pull capital away from risk assets like crypto, making it harder for Bitcoin to hold recent gains without fresh spot demand stepping in.

Bank Of America, Goldman Sachs, Citi Join Push to Launch Global Stablecoin

A group of twenty-one global financial institutions, including Bank of America, Goldman Sachs and Citigroup, is forming a new company to launch a regulated stablecoin.

The official statement released stated that the venture will initially focus on a U.S. dollar-denominated stablecoin, with plans to expand into other G7 currencies.

A euro-denominated stablecoin is the next priority.

While the "yet-to-be-named" company is scheduled to be formed in second half of 2026, the stablecoin solution will be live in the market in 1H of 2027.

The stablecoin will serve wholesale, institutional and retail markets, targeting cross-border payments and digital asset settlements while bringing bank-grade distribution and institutional liquidity to a market dominated by crypto-native issuers

Bitcoin & Ethereum Spot ETF Flow

The overall net outflow of the US Bitcoin spot ETF on Tuesday was $236.46 million. The total net asset value of Bitcoin spot ETFs is $97.12 billion, and the ETF net asset ratio (market value compared to total Bitcoin market value) is 6.25%.

The Bitcoin spot ETF with the highest net outflow on September 1st was iShares Bitcoin Trust (IBIT), with a net outflow of $201.18 million, according to SoSoValue.

Source: SoSoValue

The overall net inflow of the US Ethereum spot ETF on Friday was $10.95 million. The total net asset value of Ethereum spot ETFs is $15.21 billion, and the ETF net asset ratio (market value compared to total Ethereum market value) is 5.21%.

The Ethereum spot ETF with the highest net inflow on September 1st was Ishares Staked Ethereum Trust ETF (ETHB), with a net inflow of $11.20 million, according to SoSoValue.

Source: SoSoValue