XRP Symmetrical Triangle Forms Under $3.00, $3.30 Breakout Level in Focus

[Over $4.5 Billion in Crypto Options to Expire, Ethereum's Max Pain Point at $4,400] According to Deribit data, over $4.5 billion in crypto options will expire on September 4. Among them, Bitcoin options have a notional value of $3.28 billion, with a put/call ratio of 1.38 and a max pain point of $112,000; Ethereum options have a notional value of $1.27 billion, with a put/call ratio of 0.78 and a max pain point of $4,400. Bitcoin options lean bearish, while Ethereum options are more balanced.

[Data: Institutions Steadily Accumulate Bitcoin This Year, Adding Approximately 400,000 BTC in the First 8 Months] BlockBeats News, September 4, according to Sentora statistics, Bitcoin treasury companies have been continuously expanding their holdings every month this year. Despite ongoing market volatility, the steady accumulation indicates sustained institutional confidence. In January of this year, Bitcoin treasury companies held 1,417,058 BTC, which increased to 1,813,247 BTC by the end of August.

[California Pension Fund Divided on Bitcoin Investment] California State Pension Fund CalPERS discussed in a forum whether to include Bitcoin in its $506 billion investment portfolio, with candidates holding differing opinions. Currently, CalPERS owns 410,596 shares of Strategy stock, valued at $165.9 million, indirectly exposing itself to Bitcoin through the company.

Bitget HYPE/USDT's perpetual trading volume surged 20 times within 10 minutes, with a turnover of 28.02 million US dollars in the past 24 hours, an increase of 2.10% A surge in trading volume generally indicates an increase in market trading activity or large-scale fund buying and selling operations, which may be caused by certain important market changes or news announcements. According to AiCoin data, the comprehensive ranking of Bitget contracts ranks fourth globally

[Today in History: 8 Years Since China's 'September 4th' ICO Ban] BlockBeats News, September 4 — On September 4, 2017, seven central government departments in China jointly issued a ban on ICO activities. On that day, Bitcoin's closing price was $4,100, and it subsequently dropped to as low as $2,817 on September 15, 2017. On September 4, 2017, China's official authorities, including seven departments, released the 'Announcement on Preventing Risks from Token Issuance Financing,' halting ICOs and classifying them as illegal financial activities. All domestic virtual currency trading platforms were ordered to shut down within a specified timeframe and to stop registering new users.