XRP led a $369.67 million crypto derivatives liquidation wave on Wednesday, September 2, 2026, as Bitcoin, Ether and Solana also declined amid a scheduled escrow unlock and broader macroeconomic pressure. More than 90,000 leveraged traders had positions forcibly closed, including $301.84 million in long positions. Bitcoin fell toward $77,200-$77,600, Ether to $2,410-$2,430 and Solana below $100 to $98.47, while total crypto market capitalization dropped to $2.59 trillion-$2.70 trillion after Bitcoin's 25% August gain. Rising WTI crude above $90-$92 a barrel and 10-year U.S. Treasury yields near 4.78%-4.79% pushed the probability of a Federal Reserve rate hike on September 16 to 66%. Despite $236.46 million in Bitcoin ETF outflows, spot Ethereum, Solana and XRP ETFs posted net inflows of $10.95 million, $10.19 million and $14.38 million, respectively; XRP ETFs had also attracted $170 million over the previous 11 days. The U.S. Securities and Exchange Commission proposed overhauling blockchain transfer-agent rules covering public blockchains, tokenized stocks and artificial intelligence, ahead of a September 17 roundtable with BlackRock, Citadel Securities, Nasdaq, NYSE, DTCC and Robinhood on round-the-clock stock trading. The agency's initiative comes as Congress considers the Clarity Act, while financial firms pursue stablecoins and blockchain-based stock settlement. September's historical weakness, the commodity shock and U.S. unemployment data due September 3 remain central market considerations, although long-term Bitcoin holders became net buyers for the first time in a month.