Bitcoin and Ethereum ETFs see sustained inflows; Ethena Pay launches on Avalanche with yield and cashback; Ripple partners on tokenized asset custody in Asia-Pacific.
Macro & Markets ·
Bitcoin and Ethereum spot ETFs began September with consecutive days of capital inflows, drawing in $142 million for Bitcoin vehicles while Ethereum products accumulated $87.6 million for an eleventh straight session, according to market data. In product launches, Ethena Labs rolled out Ethena Pay on the Avalanche blockchain, offering users potential returns up to 6 percent alongside cashback incentives reaching 10 percent across 48 nations. Meanwhile, Ripple announced a partnership with SettleMint focused on custody infrastructure for tokenized assets in the Asia-Pacific region, where the value of onchain holdings has expanded 69 percent over the past twelve months.
Macro conditions shifted as the 10-year Treasury yield rose to 4.75 percent, marking its highest level since January 2025, while the Dollar Index approached 99.6. The treasury move and currency strength reflect broader financial market positioning independent of crypto developments. Questions remain around adoption rates for Ethena Pay across its supported regions and the scope of SettleMint's custodial services within Ripple's partnership framework.