Spot ether exchange-traded funds (ETFs) have faced significant outflows, totaling $952 million over five days, with $787 million withdrawn in just four days. This trend follows a record-setting August when these ETFs attracted $3.87 billion, contrasting sharply with bitcoin ETFs, which saw $751 million in net outflows during the same period. The sharpest decline occurred on Friday, with $446.71 million leaving ETH-linked funds.
Despite ether's 16% increase over the past month, it has recently slipped 1.8%, now trading just below $4,300. The recent sell-off is attributed to growing recession fears, despite the passing of the GENIUS Act, which is expected to enhance institutional investment clarity in the crypto space.
Cathie Wood's ARK Invest has made a significant move into the crypto sector, investing over $23.5 million in BitMine Immersion Technologies and crypto exchange Bullish across its flagship ETFs. This acquisition included 387,000 shares of BitMine and 144,000 shares of Bullish, with the ARK Innovation ETF leading the purchases. The investment reflects ARK's ongoing commitment to expanding its crypto-related equity holdings.
In addition to these purchases, ARK has reduced its stakes in several other companies, indicating a strategic shift towards enhancing its crypto portfolio. This move comes at a time when institutional interest in cryptocurrencies is growing, particularly in light of recent ETF developments.
XRP has seen a 4% decline as it struggles to maintain momentum above $2.88, with institutional selling contributing to the downward pressure. Despite this, buyers have emerged in the $2.81–$2.83 range, stabilizing the price. The cryptocurrency remains in a consolidation phase below $3.00, with traders eyeing potential catalysts such as upcoming SEC ETF decisions.
Whale activity has been notable, with approximately 340 million XRP tokens purchased recently, indicating continued interest despite market volatility. Exchange balances remain high, raising concerns about potential supply pressure if selling resumes.
The recent movements in the crypto market highlight a complex interplay between institutional interest and investor sentiment. While ether ETFs are experiencing significant outflows, ARK Invest's strategic purchases indicate a belief in the long-term potential of crypto assets. Additionally, XRP's consolidation phase suggests that traders are cautiously optimistic about upcoming regulatory decisions.
As institutional players continue to shape the landscape, the market may see further volatility. The upcoming SEC decisions on ETFs and the broader economic environment will likely influence investor behavior in the near term.
Stablecoin X Assets Inc. and TLGY Acquisition Corp. have announced they secured $530 million in new private investment in public equity (PIPE) financing, expanding their war chest to $890 million. The funds will support a long-term treasury strategy built around Ethena’s ENA token. StablecoinX is expected to hold more than 3 billion ENA, the companies said, adding that the company is expected to be the first dedicated treasury vehicle for the stablecoin protocol.
Investors include Brevan Howard, Susquehanna Crypto, and IMC Trading, alongside repeat backers Dragonfly and ParaFi. The Ethena Foundation is matching the effort with a fresh $310 million buyback program, bringing total announced purchases to $570 million. Proceeds will be used to acquire ENA on public markets.
Shares of Robinhood jumped 7% in after-hours trading Friday after the retail brokerage was named to the S&P 500, joining the index on September 22. Robinhood posted strong Q2 earnings, with $989 million in revenue and $386 million in profit. Robinhood (HOOD) closed just above $101 and soared past $108 in extended trading following the announcement.
Abu Dhabi National Oil Co. (ADNOC) is said to be considering financing of over $10 billion for a deal involving Santos. ADNOC raised $2.5 billion from the initial public offering of its gas business, pulling off the year’s biggest listing.
Applied Digital has entered into an $11 billion high-performance computing (HPC) hosting deal with CoreWeave. This deal positions Applied Digital in the same league as Core Scientific and TeraWulf.
Ethereum's stablecoin supply has reached an all-time high of $150 billion, signaling a robust demand for stable assets within its ecosystem. This surge in stablecoin issuance often correlates with increased activity on the Ethereum network, which could potentially bolster ETH's price as more users engage with decentralized finance (DeFi) applications and other services built on the platform. The strengthening validator participation further indicates growing confidence in Ethereum's network, which may also contribute positively to ETH's market performance moving forward.
Despite the positive developments in Ethereum's ecosystem, long-term holders (LTHs) are beginning to sell off their assets, which historically leads to price corrections. The Net Unrealized Profit and Loss (NUPL) metric indicates that when this figure crosses the 0.65 mark, it often precedes a significant downturn in ETH's price. As LTHs realize profits, the current selling trend could pose risks for Ethereum's near-term price stability, suggesting that traders should remain cautious in the face of potential volatility.
Bitcoin remains below $112,000 following a disappointing U.S. jobs report, which has not spurred the anticipated rally despite expectations of easier monetary policy from the Federal Reserve. The report revealed only 22,000 job additions in August, significantly below projections, leading to concerns about economic stability. This lack of upward movement in Bitcoin's price could signal a deeper sell-off if market sentiment does not improve, impacting overall cryptocurrency market dynamics.
Germany's seizure of nearly 50,000 Bitcoin from the Movie2K piracy case in 2024 has been highlighted by blockchain analysts, revealing an additional stash of approximately 45,000 BTC, valued at nearly $5 billion. This dormant Bitcoin, which has remained inactive since 2019, is spread across more than 100 wallets and is believed to still be under the control of the site's operators. The implications of this untapped asset could influence future regulatory and market dynamics, particularly if the German government decides to liquidate these holdings.
The recent U.S. jobs report revealed only 22,000 job additions in August, far below the Dow Jones projection of 75,000, leading to increased speculation about deeper cuts to Federal Reserve interest rates. This disappointing data also included downward revisions of job growth for June and July, totaling a net loss of 13,000 jobs. Despite expectations that Bitcoin might rally on the prospect of easier monetary policy, it has remained below $112,000, indicating potential for further market sell-offs.
As global monetary policies evolve, blockchain technology is increasingly recognized as a solution for financial challenges, benefiting both financial institutions and the unbanked population. The technology offers speed and scalability for banks while providing accessibility and equity for the 1.4 billion unbanked individuals worldwide. This dual benefit underscores the need for the industry to cater to the diverse requirements of both sectors, as emphasized by Franklin Templeton's CEO.
The potential sale of Germany's previously unclaimed Bitcoin could significantly influence the market dynamics for BTC. Analysts suggest that if the German government decides to liquidate these assets, it may cap Bitcoin's price in the short term, adding another layer of complexity to the already volatile crypto market.
Federal Reserve Governor Lisa Cook has reiterated support for the central bank's policy-tightening approach, indicating that further interest rate increases will likely be necessary to combat inflation. This stance could have significant implications for the crypto market, as tighter monetary policy typically leads to reduced liquidity and can negatively impact asset prices.
Phishing scams targeting cryptocurrency investors intensified in August 2025, draining more than $12 million from over 15,000 wallets across the sector. These losses represent a sharp month-over-month rise, climbing 72% compared with July. The number of victims also grew, increasing 67% over the same period.
According to Scam Sniffer, about 46% of phishing losses came from three high-value accounts, often referred to as whales. Together, these accounts lost $5.62 million, and one alone was exploited for $3.08 million. Scam Sniffer identified Ethereum’s EIP-7702 standard as the primary tool leveraged in August’s wave of attacks.
A crypto developer claims that the Trump-linked crypto project WLFI froze his tokens and refused to unlock them, describing the situation as “the new age mafia.”
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