SEC weighs 24-hour stock trading as 9 firms back a Bitcoin security alliance and tensions lift oil and US Treasury yields; today BTC trades around $65K. Bitcoin continued to trade near $65K and fell about 1.1% over the past 24 hours. It moved mainly between $64,600 and $65,800 during the period. Ethereum slipped back to around $1,870 and declined roughly 2.7%, underperforming Bitcoin in the short term. Both BTC and ETH remained under pressure. However, ETH’s larger decline pointed to heavier selling and greater volatility in the Ethereum market. The Crypto Fear and Greed Index currently stands at 28, which remains in the Fear zone. This is below yesterday’s 31 but slightly above 27 last week and 17 last month. In terms of fund flows, US spot Bitcoin ETFs recorded net outflows of USD 225 million yesterday. BlackRock’s IBIT accounted for USD 202 million of the total and was the main source of outflows. US spot Ethereum ETFs recorded net inflows of USD 26.3199 million and extended their inflow streak to five consecutive trading days. This continued to highlight a divergence between the two ETF markets. In the leveraged market, a BTC move above $68,421 could expose an estimated USD 1.467 billion in cumulative short liquidation intensity across major centralized exchanges. A drop below $62,211 could result in around USD 1.371 billion in cumulative long liquidation intensity. ETH’s main liquidation clusters are located between $1,788 and $1,972. This suggests that leveraged positions remain concentrated on both sides of the current price. The broader trading structure is still defensive as market participants wait for clearer direction.

Source: Alternative

Key News Highlights:

US SEC to Discuss 24-Hour Stock Trading in September

The US Securities and Exchange Commission plans to hold a public roundtable on September 17 to discuss longer trading hours and the potential move toward 24-hour trading in US equity markets. The meeting will take place at the SEC’s headquarters in Washington, DC. Regulators, market operators, and other industry participants are expected to join the discussion. The agenda will cover the preparations needed for overnight trading, operational requirements, and the resilience of market infrastructure under extended trading hours. SEC Chair Paul Atkins said the US stock market is gradually entering a new phase that includes both daytime and nighttime trading. Demand for non-traditional trading hours has continued to grow among overseas investors and retail traders. In response, several major stock exchanges have started planning longer trading sessions. Nasdaq previously opened discussions with US regulators and aims to offer 24-hour trading five days a week in the second half of 2026, subject to regulatory approval. The London Stock Exchange is also reportedly preparing a nighttime trading venue that could launch in early 2027. The roundtable will focus on market data, clearing and settlement, corporate actions, and system stability. These discussions will assess how traditional equity markets can maintain consistent operating standards while extending trading hours.

Nine Institutions Launch Bitcoin Security Alliance With USD 15 Million in Three-Year Funding

Nine institutions from the financial and crypto industries have jointly formed a Bitcoin security alliance. The group plans to provide a total of USD 15 million over the next three years to support Bitcoin open-source developers and security research. The founding members include BlackRock, Fidelity Digital Assets, Strategy, Anchorage Digital, Ark Invest, Block, Blockstream, Galaxy Digital, and a major US crypto platform. These organizations operate across asset management, digital asset custody, payment services, blockchain infrastructure, and corporate Bitcoin holdings. The alliance aims to provide long-term resources for the security and technical resilience of the Bitcoin network. Its funding is not intended to support short-term market activity. Initial research areas will include post-quantum cryptography and the potential impact of future quantum computing technology on Bitcoin’s existing encryption systems. The alliance is not expected to establish a single centralized funding pool. Instead, each member will independently select the developers and research projects it wishes to support. The funding may also be used for open-source code maintenance, vulnerability research, and improvements to Bitcoin’s core network protocols. Through this long-term funding model, the alliance hopes to provide more stable resources for developers who maintain Bitcoin’s core technology. It also aims to improve transparency and encourage wider industry collaboration on security research.

Geopolitical Tensions Push Oil and Treasury Yields Higher as Bitcoin Briefly Falls Below $65K

Bitcoin briefly fell below $65K yesterday as tensions involving the United States and Iran continued to escalate. The price reached a three-day low of around $64,799. This decline coincided with broader risk adjustments across US equities, energy markets, and government bonds. US President Donald Trump responded to recent Houthi attacks on Saudi Arabian commercial vessels. He also indicated that Iran could be held responsible for the incidents. By the end of the New York trading session, the S&P 500 Index had fallen 1.2%. The Nasdaq Composite declined 2.2%. Energy prices moved in the opposite direction. Brent crude rose above $100 per barrel and reached its highest level since early June. The rise in oil prices renewed concerns about inflationary pressure. US Treasury yields also climbed sharply during the same period. According to the CME FedWatch Tool, the probability of a 0.25 percentage point Federal Reserve rate increase in July approached 40%. This was up from around 12% one week earlier. The US 10-year Treasury yield also reached its highest level in approximately 18 months. As a result, risk assets such as equities and cryptocurrencies faced greater short-term volatility from interest rates, energy prices, and geopolitical developments.

Drift Exploiter Transfers More Than 23,000 ETH to Tornado Cash

Blockchain security firm PeckShield reported that an address labeled as the Drift Exploiter transferred 23,095.1 ETH to Tornado Cash. Based on the market price at the time of the transfer, the assets were worth approximately USD 44.4 million. The same address also transferred 0.85 ETH to a major centralized exchange. However, this smaller transaction represented only a limited share of the overall fund movement. Tornado Cash is a privacy protocol deployed on the Ethereum network. It mixes assets deposited from different addresses and makes it more difficult for outside observers to directly connect deposit addresses with withdrawal addresses. Due to the large amount of ETH involved, blockchain security firms are continuing to track subsequent deposits and withdrawals linked to the address. The Drift Exploiter label is based on on-chain transaction paths and records connected to an earlier security incident. It does not mean that public information has confirmed the identity of the individual or organization controlling the address. Deposits into the mixing protocol remain visible on the blockchain. However, identifying the final receiving addresses and the later distribution of the funds usually becomes more difficult. Public information about the incident currently focuses on the size of the transfer and its on-chain route. There is no indication that the assets have been recovered or that the exploiter’s identity has been confirmed.

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