A Treasury Move Sparked This 📈

The price of the cryptocurrency Ethereum $ETH ( ▼ 0.19% ) declined about 1% on Sunday, closing out a recent late August winning streak. The price is up 26% since August 19.

Powering the Story: On August 19, the U.S. Treasury said it would at least double the maximum size of its long-dated Treasury-bond buyback operations from $2 billion to at least $4 billion per operation. Markets interpreted that as supportive of Treasury-market liquidity: long-end yields fell, the dollar weakened, and investors moved back into high-beta risk assets, including Ethereum.

Additional Details: There were a few other catalysts behind the recent price increase.

President Trump recently pressed the U.S. Senate to pass the crypto-industry-friendly CLARITY ACT.

The SEC proposed a crypto-asset offering framework featuring registration exemptions.

U.S. spot Ethereum ETFs (exchange-traded funds) recorded nine consecutive net-inflow sessions totaling about $1.42 billion through Aug. 28.

Early Bird’s Nest Egg Gains: Ethereum can continue rising in September, and a move toward $2,800 is credible if ETF inflows and the liquidity narrative persist. But expecting a repeat of August’s 26% gain would mean assuming another powerful catalyst happens.

Final Thoughts: Despite the recent gains, Ethereum’s price is still down nearly 19% this year.

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Notables

Notable Earnings Today: Science Applications (Nasdaq: SAIC), BioLine RX (Nasdaq: BLRX).

Notable IPOs Today: Samos Energy Acquisition Corporation (NYSE: SAMO), Offerpad Solutions Inc. Class A Common Stock (Nasdaq: OPAD), TurboGen Ltd. Ordinary Shares (Nasdaq: TRBG).

Notable Equity Crowdfunding Campaigns Ending Today: Curiouser AI (Wefunder), Roll Craft (Wefunder), Alef (Wefunder), Lagom (Wefunder), Island Company Rum (Wefunder), REtokens (Wefunder), Tin Top Productions (Wefunder), Rentberry (Republic), Anwa Threads (Honeycomb Credit)

Notable Economic Events Today: Chicago PMI (9:45 a.m. ET).

SK Hynix's Japan Strategy

Photo by Jezael Melgoza on Unsplash

South Korean semiconductor company SK Hynix $SKHY ( ▼ 0.35% ) is reportedly searching the globe for new chip production sites amid the U.S.-China tech policy conflict.

Details: Bloomberg reported on Sunday that SK Hynix is studying the feasibility of a joint venture to make memory chips in Japan. It is also considering other options.

Final Thoughts: The stock is down 4.15% since its U.S. IPO in July.

ONEOK’s Newest Acquisition

The oil and gas midstream operator ONEOK $OKE ( ▲ 0.04% ) announced on Sunday that it will buy Brazos Midstream's Permian Midland Basin natural gas gathering and processing assets for $4.425 billion.

Quote: “The acquisition expands our scale in the Permian Midland Basin, advances our integrated wellhead-to-water strategy and strengthens connectivity across our natural gas and NGL value chain, positioning ONEOK to capture significant volume growth in one of the most economic and rapidly growing resource plays.” - CEO Pierce H. Norton

Final Thoughts: Shares of ONEOK are up 27.47% in 2026.

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