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US-based spot Bitcoin ETFs recorded $987 million in net inflows last week, a clear indicator that institutional demand for the asset has recovered. Last week’s inflows have extended the positive flows to three straight weeks.

Spot Ethereum ETFs also extended their inflow streak, recording $218.4 million in net inflows last week.

Spot Bitcoin ETFs Record Third Week Of Positive Inflows

Spot Bitcoin ETFs recorded $987 million in net inflows last week, extending their positive streak to three straight weeks thanks to returning institutional demand. An analysis of CoinGlass ETF data shows the investment products starting the previous week with a $216.70 million inflow, followed by $236.50 million in outflows on Tuesday. The ETFs returned to positive territory on Wednesday with $101.10 million in net inflows, $730.80 million on Thursday, and $174.60 million on Friday.

BlackRock’s IBIT led weekly inflows with $691.5 million, followed by FBTC with $138.6 million, and ARKB with $137.7 million. Weekly inflows rose from $924.5 million a week prior. The daily trading volume is currently at $386.56 million, and daily total net inflows at $174.60 million. Daily trading volume for last week stood at $14.5 billion, significantly lower than the $19 billion recorded a week prior.

Robust August For Spot Bitcoin And Ethereum ETFs

Spot Bitcoin and Ethereum ETFs performed well in August, bringing in substantial inflows. Spot Bitcoin ETFs pulled in $3.52 billion in monthly net inflows, their best performance since September 2025. Meanwhile, Spot Ethereum ETFs recorded $1.85 billion in monthly net inflows, the strongest since August 2025. Dominick John, an analyst at Zeus Research, said returning institutional capital has created genuine demand for BTC, pushing the price higher.

“Sustained ETF inflows suggest institutional capital is steadily rebuilding exposure to bitcoin, creating genuine spot demand rather than relying on leverage-driven speculation.”

Min Jung, research associate at Presto Research, called the positive price action a “catch-up trade,” adding that renewed ETF inflows indicate strong institutional demand.

Bitcoin Price Action

Meanwhile, Bitcoin finds itself back below $80,000 after reaching a high of $82,283 on Thursday. The flagship cryptocurrency lost some momentum after hitting resistance around the $82,000 level. It retreated on Friday, dropping to a low of $78,626 before settling at $79,675. Price action was positive over the weekend as BTC reclaimed $80,000, closing Sunday at $80,339. However, selling pressure returned on Monday, with the price down 1.29% at $79,318.

Despite BTC’s failure to push higher, it retains a near-term bullish bias, with the price above the 50-day, 100-day, and 200-day SMAs. The Relative Strength Index (RSI) is above 60, indicating strong buying pressure, but not at overbought levels. However, the MACD has turned negative, hinting at waning momentum.

According to John, BTC must hold $80,000, adding that the next major move depends on upcoming jobless claims and CPI data, and how the Fed reacts.

“Holding $80,000 keeps the structure constructive. BTC will continue grinding higher toward $82,000-$85,000, but the next move will likely be macro-driven.”

BTC has support around the 200-day EMA at $72,749. This level is reinforced by support at the 50-day EMA ($72,100) and the 100-day EMA ($70,274).

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Bitcoin traded near $79,500 on Sept. 7 as investors prepared for U.S. inflation reports and a Treasury auction during the final full week before the Federal Reserve’s Sept. 15–16 policy meeting.

Bitcoin stabilizes after the U.S. jobs report

Bitcoin was trading around $79,519 on Monday, down approximately 0.5% over 24 hours. The cryptocurrency reached an intraday high near $80,494 before retreating toward $79,120 during holiday-thinned trading.

U.S. stock and bond markets were closed for Labor Day, limiting conventional market activity. Cryptocurrency markets remained open, but lower participation can make short-term price movements less representative of broader institutional positioning.

Bitcoin slipped below $80,000 after the Bureau of Labor Statistics reported that U.S. nonfarm payrolls increased by 162,000 in August. The unemployment rate remained at 4.1%. The employment increase exceeded the average monthly gain of 31,000 recorded during the preceding year.

Following the release, traders increased the estimated probability of a September rate increase to approximately 58%, according to futures-market data cited by Reuters. That estimate is market pricing, not a Federal Reserve forecast or commitment.

As crypto.news reported, strong employment data pushed Bitcoin below $80,000 after the asset encountered resistance near $82,500. The immediate reaction showed how closely Bitcoin traders are watching monetary policy expectations.

Thursday’s PPI provides the first inflation test

The Bureau of Labor Statistics will publish the August Producer Price Index on Sept. 10 at 8:30 a.m. Eastern Time, according to its official calendar. PPI measures changes in the prices domestic producers receive for their output.

Economists expect headline producer prices to rise 0.4% from July, while core PPI is forecast to increase 0.3%. Annual producer inflation is forecast to accelerate from 4.7% to 5.4%.

Those figures remain forecasts. An upside surprise could reinforce concerns that higher energy and input costs are spreading through the economy. A softer result could reduce some pressure on Treasury yields and rate-hike expectations.

Producer inflation does not always pass directly into consumer prices. However, rising costs can affect company margins or reach consumers later, making Thursday’s report an early indication of the inflation conditions facing Federal Reserve officials.

Friday’s CPI could decide the rate-hike debate

The August Consumer Price Index will follow on Sept. 11 at 8:30 a.m. Eastern Time, the BLS confirmed. Economists surveyed by the Financial Times expect annual headline inflation to remain near 3.4%, while core inflation may ease to 2.4%.

The Federal Reserve has not indicated that one report will determine its decision. Officials consider inflation, employment, wages, consumer activity and financial conditions together. Still, the CPI release will be the final major inflation reading before September’s meeting.

A hotter-than-forecast report could strengthen expectations for a 25-basis-point increase. Higher policy-rate expectations often raise bond yields and the opportunity cost of holding non-yielding assets. They can also tighten financial conditions for speculative markets.

A softer report could support a pause, particularly after Governor Christopher Waller said he could favor leaving rates unchanged if inflation continued cooling. Bitcoin previously rose above $80,000 after Waller moderated hike expectations, although the subsequent employment report reversed part of that move.

Treasury demand adds another test for Bitcoin

The U.S. Treasury will auction reopened 10-year notes on Sept. 9, according to its tentative schedule. The securities are scheduled to settle on Sept. 15.

Weak demand could require a higher auction yield, potentially placing additional upward pressure on borrowing costs. Strong demand could help stabilize longer-term yields. Auction outcomes depend on bid levels, investor participation and the amount accepted from primary dealers.

Treasury yields have already become an important constraint for Bitcoin. In related coverage, rising Treasury yields stalled Bitcoin’s recovery earlier in 2026 as investors reassessed the path for U.S. interest rates.

The auction coincides with an increase in Treasury buyback limits for longer-dated securities beginning Sept. 9. Treasury said the revised limits will remain effective through Nov. 4. Buybacks can support market liquidity, but they do not guarantee lower yields.

The Fed decision arrives September 16

The Federal Open Market Committee will meet on Sept. 15 and 16. The Fed will release its policy statement at 2 p.m. Eastern Time on the second day, followed by Chair Kevin Warsh’s press conference at 2:30 p.m., according to the official calendar.

The meeting will include updated economic projections and officials’ expected rate paths. Those projections could move markets even if policymakers leave the current rate unchanged.

Bitcoin’s immediate levels remain approximately $80,000 and $82,500 on the upside, based on its recent trading range. A sustained move below the Sept. 5 low would weaken the recovery, while a close above recent resistance would provide stronger evidence of renewed demand.

The inflation releases will not predetermine Bitcoin’s direction. ETF flows, leverage, geopolitical risks and broader liquidity conditions will also influence the market. However, PPI, CPI and the Fed decision provide three dated catalysts capable of changing the rate expectations currently shaping BTC.

Harmony, the Ethereum-compatible blockchain protocol, has outlined a plan to sunset its own network and migrate its native ONE token to Ethereum. The proposal—seven years after Harmony launched its mainnet—calls for a final blockchain snapshot, an ERC-20 ONE token issuance on Ethereum, and coordinated steps for validators and users to wind down activity on the original chain.

Harmony says the move is intended to be orderly and non-binding, with a migration built around on-chain balances at the final block. However, the proposal leaves key execution details unclear—most notably whether the plan will be formally submitted through Harmony’s validator-led governance process and when the last block would be produced.

Key takeaways

• Harmony proposes a network sunset after taking a final snapshot and issuing ERC-20 ONE tokens on Ethereum to the same addresses.
• Balances would be recorded automatically at the final block, with ERC-20 ONE airdropped to those addresses on Ethereum without requiring users to file claims.
• Governance and timing are not fully specified: Harmony describes the proposal as non-binding and does not state when the final block would be produced.
• Validators would be offered options to stop nodes, continue as governors, or join a new AI-video initiative.
• Certain on-chain components—such as multisig safes, liquidity pools, and deployed applications—cannot be migrated, and users are told to exit smart contract positions before Sept. 10.

A proposed migration from Harmony to Ethereum

In a post on Sunday, Harmony said it is considering taking a final network snapshot and then migrating ONE to Ethereum as an ERC-20 token. According to the proposal, validators and participants would be able to select different paths: shut down their nodes, remain involved as governors, or move into Harmony’s newly described AI-video initiative.

Harmony emphasized that the proposal is non-binding and did not specify when the “final block” would be produced. It also did not confirm whether the shutdown itself would be brought under Harmony’s validator governance workflow.

Under Harmony’s published governance framework, elected validators can create proposals, while unelected validators are also able to vote with voting power weighted by total stake. A proposal requires 51% of total stake weight to participate and then 66.7% support after a seven-day introduction and a 14-day voting period. (Harmony’s proposal does not yet clarify whether it will follow this full procedure before execution.)

How the ONE token migration would work

The core of Harmony’s plan is the handling of ONE balances. Harmony states that all ONE balances would be recorded at the network’s final block and that new ERC-20 ONE tokens would be airdropped to the same addresses on Ethereum.

Harmony’s snapshot coverage is broad. It says the snapshot would include wallets, staking delegations, validator rewards, smart contracts, and centralized exchanges. In addition, Harmony states that there would be no claims process—meaning eligible balances should be reflected via the snapshot and subsequent airdrop rather than requiring users to take action to register.

Still, the migration is not presented as a full “lift and shift” of the Harmony ecosystem. Harmony cautioned that multisig safes, liquidity pools, and on-chain applications cannot be migrated. To reduce the risk of stranded positions, Harmony urged users to exit smart contracts before Sept. 10.

Harmony also suggests the shutdown cadence would include validator action around that date. It said validators may begin shutting down on Sept. 10, and pointed to a compensation pool of $1.372 million set aside to reimburse validators that stop on time, retain their stakes, and agree to serve as governors.

Unfinished details—and why they matter

The proposal’s most consequential uncertainty is not the token mechanics, but the network wind-down itself. Harmony did not provide a specific date for when the last block would be produced, nor did it make clear whether the shutdown plan would be submitted through governance as defined by the network’s rules.

For holders and market participants, those gaps determine how much operational risk remains during the transition. If a final snapshot is taken quickly without full governance clarity, exchanges, bridges, custody providers, and liquidity venues may face compressed timelines to support the migration—particularly if they must reconcile Harmony-origin ONE holdings with Ethereum-based ERC-20 balances.

Harmony’s snapshot approach—covering exchanges and staking delegations—appears designed to reduce fragmentation. But the stated inability to migrate liquidity pools and decentralized applications could still produce a mismatch between token availability and usable functionality on Ethereum. In practice, users may receive ERC-20 ONE yet still be unable to access the same on-chain services that previously depended on Harmony’s smart contract environment.

Context: the plan follows an exploit and proposed rollback

The sunset proposal arrives less than four weeks after a serious Harmony exploit that resulted in forged ONE tokens. Earlier coverage noted that the incident prompted Harmony to consider a rollback to reverse unauthorized minting activity, a path that—if implemented—would have wiped more than 109,000 transactions.

On Aug. 12, Harmony said it was considering a rollback after reports that an attacker had minted nearly 4 billion unauthorized ONE, claimed to be equivalent to roughly 26% of the supply. An outside account further alleged that about 2.8 billion tokens had reached exchanges, though Harmony had not confirmed those figures at the time.

On Aug. 17, Harmony said it planned to revert the blockchain to an Aug. 11 checkpoint. It reported that the rollback would discard 109,126 regular transactions and 315 staking transactions, and stated investigators had traced nearly all forged tokens to wallets or service boundaries while working with exchanges, bridges, and law enforcement.

Harmony’s current proposal marks a sharper pivot: instead of focusing solely on restoring the chain after an exploit, it suggests closing down the independent Harmony network altogether and relocating the token to Ethereum. That shift matters because it changes the recovery narrative from “repair and continue” to “migrate and end,” potentially leaving users to transition not only balances, but also the broader ecosystem footprint.

Whether Harmony’s governance process ultimately ratifies the plan will be the next key question for anyone holding ONE, running validator infrastructure, or depending on Harmony-based applications. If the network proceeds, market participants will likely watch for the details Harmony has not yet specified—especially the governance timeline, the exact block date for the snapshot, and how exchanges and custodians coordinate ERC-20 token support on Ethereum.