Crypto News Today, September 4 – BTC ETFs Positive Flow as Markets Await U.S. Economic Data: Next Crypto To Explode?

BREAKING – World Liberty has blacklisted Justin Sun’s address, freezing $540 million in unlocked tokens and another $2.4 billion in locked holdings. The project raised alarm, saying it believes an exchange has been dumping user tokens to suppress prices, citing on-chain evidence.

The move marks one of the most aggressive actions yet against Sun-linked wallets.

According to Reuters, the U.S. Securities and Exchange Commission (SEC) has unveiled its upcoming rulemaking agenda, signaling potential major changes for crypto regulation. The proposals could cover the offer and sale of digital assets, including possible exemptions and safe harbors, and clarify how broker-dealer rules apply to crypto.

The SEC is also considering amendments that would allow digital assets to be traded on national securities exchanges and alternative trading systems, a move the industry has long advocated for to integrate crypto with traditional finance.

SEC Chair Paul Atkins described the agenda as a “new day at the SEC,” emphasizing support for innovation, capital formation, market efficiency, and investor protection.

Additionally, the agency plans to rationalize disclosure requirements and reduce compliance burdens for public companies, particularly regarding shareholder proposals. 

BTC USD and the wider markets are bracing for a busy Thursday of economic releases. August ADP Nonfarm Employment, Initial Jobless Claims, the ISM Services PMI, and the S&P Global Services PMI are all due. These reports will shape expectations for whether the Federal Reserve moves forward with a September rate cut.

The anticipation follows weaker labor market signals and a stunted crypto market and BTC. The JOLTS report showed job openings fell to 7.18M in July, missing forecasts of 7.38M and marking the lowest reading since 2021.

“The jobs number showed that we are seeing more of a slowdown in the labour market in the US,” said Shaun Osborne, chief currency strategist at Scotiabank. “For the first time since 2021, there are more unemployed people in the US than available jobs and that is a big change in the outlook.”

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Grayscale today unveiled the Grayscale Ethereum Covered Call ETF (ticker: ETCO), a fund designed to deliver regular income using a systematic covered call strategy. Rather than holding Ethereum directly, ETCO gains exposure by writing call options on Ethereum-linked exchange-traded products (ETPs), such as the Grayscale Ethereum Trust (ETHE).

Income is distributed bi-weekly, on the 15th and 30th of each month. This structure allows investors to tap into Ether’s volatility as a potential source of yield, offering an attractive complement to traditional Ethereum exposure.

Ethereum is entering September under extreme supply pressure, with institutional buying and ETF demand slashing exchange reserves to historic lows. If demand stays steady, ETH could see a violent upside move this month.

Corporate treasuries, staking platforms, and ETFs are locking up billions in ETH, creating artificial scarcity. With reserves near multi-year lows, even modest buying could trigger a full-blown supply crunch.

Ethereum

Price

Market Cap

ETH

$521.18B

24h7d30d1yAll time

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Ukraine’s parliament, the Verkhovna Rada, has passed the first reading of a bill to legalize and tax crypto, according to lawmaker Yaroslav Zhelezniak. The draft, supported by 246 lawmakers, proposes an 18% income tax and a 5% military tax on crypto profits, with a preferential 5% rate on fiat conversions during its first year.

If enacted, the legislation would align with recommendations from Ukraine’s financial regulator and could reshape one of the world’s most active crypto markets. The country currently ranks eighth globally in Chainalysis’s 2025 Global Crypto Adoption Index, with strong participation in both retail and institutional activity.

Further revisions are expected before the second reading, including decisions on the regulator’s role. The bill reflects Ukraine’s broader push to formalize its digital asset sector as governments worldwide, including Denmark, Brazil, and the United States, advance their own crypto tax frameworks.