XRP Joins Ether, Solana in $369 Million Liquidation Wave Amid SEC Blockchain Overhaul: Main Crypto News This Morning

TL;DR

Wednesday morning, September 2, 2026, began with the cryptocurrency market under heavy pressure as worsening external macroeconomic factors triggered $369.67 million in derivatives liquidations, hitting the largest altcoins.

At the same time, a divergence in capital flows emerged: institutional inflows into spot Ethereum, Solana and XRP ETFs remained positive despite the broader decline in spot prices.

Meanwhile, the U.S. Securities and Exchange Commission (SEC) initiated a sweeping reform of blockchain infrastructure that directly affects the interests of long-term investors.

At the start of trading, the industry's total market capitalization fell to $2.59–$2.70 trillion, losing around 1.4–2.2% from yesterday's highs and slowing the August uptrend, during which Bitcoin gained 25%.

The internal redistribution of capital exposed a split among market participants. According to SoSoValue, despite $236.46 million in outflows from Bitcoin ETFs, regulated Ethereum, Solana and XRP funds demonstrated resilience, closing with net inflows of $10.95 million, $10.19 million and $14.38 million, respectively.

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