$369 Million Crypto Liquidation Wave Hits Major Assets Amid Rising Oil Prices

A $369 million crypto liquidation wave hit major assets in September, including XRP, Ethereum, and Solana. The sell-off was largely driven by rising oil prices and Treasury yields, which increased expectations of tighter U.S. monetary policy.

While leveraged traders were forced to close positions as prices fell, institutional investors continued to show interest in regulated products. Spot ETF inflows for XRP, Ethereum, and Solana totaled $14.38 million, $10.95 million, and $10.19 million respectively on September 1.

The SEC's proposal to modernize its rules governing registered transfer agents also highlights the growing incorporation of blockchain technology into traditional securities infrastructure. The regulator is preparing for another major shift with a roundtable discussion focused on preparations for 24-hour trading in U.S. equity markets, which could narrow one of crypto's traditional advantages: continuous trading.