Metaplanet has acquired an additional 136 BTC for approximately $15.2 million, bringing its total holdings to 20,136 BTC. This acquisition represents a significant step towards the company's revised target of accumulating 100,000 BTC by 2026, up from an earlier goal of 21,000 BTC.
The firm has reported a staggering "BTC Yield of 487% YTD 2025," with an average purchase price of $103,196 per Bitcoin. This aggressive accumulation strategy positions Metaplanet as one of the largest corporate Bitcoin holders globally.
El Salvador's President Nayib Bukele confirmed the purchase of 21 BTC, valued at approximately $2.3 million, to celebrate the fourth anniversary of the country's Bitcoin Law. This brings El Salvador's total Bitcoin holdings to 6,313.18 BTC, worth over $701 million.
Despite the International Monetary Fund's (IMF) guidance to halt new Bitcoin purchases, the nation has maintained its strategy of acquiring Bitcoin daily since March 2024. This ongoing accumulation underscores El Salvador's commitment to its Bitcoin initiative, even as it faces regulatory challenges.
Bitcoin whales have recently offloaded approximately 115,000 BTC, marking the largest sell-off since mid-2022. This selling pressure, amounting to around $12.7 billion, indicates a shift in sentiment among large investors, who appear to be adopting a more risk-averse stance.
As a result, Bitcoin's price has faced downward pressure, complicating the market outlook. Analysts suggest that this trend of large-scale selling could signal a bearish September ahead, as institutional profit-taking and cautious sentiment dominate the landscape.
Ethereum has experienced a substantial influx of stablecoins, with $6.7 billion entering the network over the past week alone. This surge has raised Ethereum's total stablecoin supply to over $145 billion, solidifying its position as a leading platform for dollar-backed tokens.
As institutional demand for Ethereum grows, particularly with the rise of Ether ETFs, the network is poised to benefit from increased liquidity. This trend may provide a foundation for future price appreciation, especially as macroeconomic conditions shift in favor of risk assets.
A solo miner earned 3.13 BTC ($347,872) mining block 913,632, marking the second independent mining success this month. This achievement occurred as Bitcoin's mining difficulty reached a record high of 136.04 trillion. The block contained 593 transactions totaling 473.61 BTC worth $52.6 million, with an average transaction size of 0.7987 BTC.
Paxos submitted a proposal to issue USDH, Hyperliquid’s first native stablecoin, promising to allocate 95% of interest earnings from reserves toward HYPE token buybacks. The proposal comes as Hyperliquid prepares to launch its native stablecoin through a validator vote process, slashing its trading fee by 80%. Paxos has achieved a cumulative issuance volume of $160 billion across seven tokenized assets.
The Trump family fortune soared this week amid heightened volatility, with the price of ABTC and WLFI having since retraced by double-digits.
Michael Saylor’s company holds over 629,000 BTC, making it the largest publicly traded Bitcoin owner.
A small, $500 application-specific integrated circuit (ASIC) Nerdminer, operating at about 5 terahash per second (TH/s), managed to hit a block, a feat that would typically demand a wait of more than 3,500 years.
Ethereum recently reached an all-time high price just shy of $5,000, marking a significant milestone in its price trajectory. Despite this surge, Ethereum has seen a year-to-date increase of 32%, which has outpaced Bitcoin's performance during the same period. However, Ethereum is currently facing resistance levels that it struggles to break through, indicating potential volatility ahead as it attempts to maintain its upward momentum
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On the Bitcoin front, the cryptocurrency recently tapped $111,300, with forecasts suggesting that a 10% dip would be the worst-case scenario for its price stability. This comes after Bitcoin's illiquid supply reached a record high of 14.3 million BTC, indicating that long-term holders are accumulating despite recent price fluctuations. The current market dynamics suggest a tightening supply, which could lead to renewed upward pressure once market sentiment improves
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The broader crypto market is experiencing a rebound, with notable gains in various sectors. Worldcoin surged by 20%, leading the AI sector, which saw an overall increase of 3.5%. Meme coins also rallied, with Dogecoin gaining 7%. This resurgence in market activity reflects a growing interest in alternative tokens and sectors, potentially indicating a shift in investor sentiment towards riskier assets
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In the DeFi space, Pendle's total value locked (TVL) has crossed $11.4 billion, highlighting significant growth driven by its integration with the Ethena-Pendle-Aave DeFi engine. This development positions Pendle as a key player in the DeFi ecosystem, with a roadmap aiming for a price target of $7, reflecting investor confidence in its future potential
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Nemo, a yield optimization platform on the Sui blockchain, experienced a significant security breach resulting in a loss of $2.4 million in USDC. Following the exploit, the total value locked (TVL) in the protocol plummeted from over $6 million to $1.53 million, highlighting ongoing vulnerabilities in decentralized finance (DeFi) platforms despite increased institutional interest in digital assets.
Ethereum's on-chain revenue fell by 44% in August, dropping to $14.1 million from $25.6 million in July, despite the price of ETH reaching an all-time high of $4,957. This decline was attributed to a 20% decrease in network fees, which fell from $49.6 million to $39.7 million, largely due to the Dencun upgrade that reduced transaction costs for layer-2 rollups. Critics are raising concerns about the sustainability of Ethereum's economic model as fee revenue continues to decline.
The decentralized exchange Hyperliquid is embroiled in a governance dispute over the launch of its proprietary stablecoin, USDH. The proposal to link USDH to Stripe's Bridge platform has sparked concerns about economic sovereignty, as community members fear that ceding control to Stripe could undermine the platform's independence. The validator vote on September 14 will determine the future of USDH and its potential impact on the existing $5.5 billion USDC supply on Hyperliquid.
Chainlink CEO Sergey Nazarov emphasized the importance of tokenization of real-world assets during a meeting with SEC Chairman Paul Atkins. Nazarov expressed optimism about the SEC's shift towards facilitating blockchain innovations within regulatory frameworks. He believes that the future of the crypto market will increasingly focus on digital asset tokenization, which could lead to significant changes in how traditional financial systems operate on-chain.
Christian Catalini, co-creator of Facebook's Libra project, warned that Stripe's Tempo blockchain could compromise the ideals of decentralization in crypto. He noted that while commercial success might be achieved, it could come at the expense of user autonomy. The discussion around Tempo and its implications for the future of decentralized finance highlights ongoing tensions between regulatory compliance and the foundational principles of blockchain technology.
Solana continues to lead in active wallet counts, boasting over 75.5 million wallets, although this figure represents a 23% decline. This metric indicates ongoing user engagement on the platform, despite fluctuations in the overall market landscape.
On September 7, 2023, El Salvador purchased 21 BTC, valued at approximately $2.3 million, to commemorate the fourth anniversary of its Bitcoin Law. This acquisition brings the nation's total Bitcoin holdings to 6,313.18 BTC, worth around $701 million. Notably, this purchase occurs despite an International Monetary Fund (IMF) loan agreement that stipulates the government should halt its Bitcoin accumulation efforts, highlighting ongoing tensions between the Salvadoran government and international lenders.
Recent economic data from the United States has shifted market expectations regarding interest rate cuts, with projections now suggesting three potential cuts this year following a disappointing jobs report. In August, only 22,000 jobs were added, significantly below the forecast of 75,000, contributing to a rise in unemployment to 4.3%, the highest level in four years. Despite these developments, Bitcoin's price response has been muted, indicating a complex relationship between macroeconomic indicators and cryptocurrency valuations.
German authorities reportedly failed to seize Bitcoin assets worth up to $5 billion linked to a piracy site, Movie2K, during an investigation last year. This oversight raises questions about regulatory effectiveness and the enforcement of laws related to digital assets in Germany.
Lee Kwang-jae, a former Secretary-General of the South Korean National Assembly, advocates for the listing of KRW-pegged stablecoins on major global exchanges like Binance and Coinbase. He argues that allowing international access to these stablecoins is crucial for their success and demand. However, progress on related legislation has stalled, limiting the potential for these digital assets to gain traction outside South Korea.
In August, phishing scams involving cryptocurrency resulted in losses exceeding $12 million, as hackers exploited Ethereum EIP-7702-based vulnerabilities. Scam Sniffer reported that over 15,000 victims were affected by these phishing scams, marking a 67% increase compared to July’s figures.
Kinto's founder announced the platform's shutdown after a $1.6 million exploit in July, pledging $55,000 of personal funds to reimburse victims affected by the hack in Morpho lending pools.
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