Dogecoin (DOGE) has experienced a significant price increase of nearly 20% over the past week, reaching $0.2543. This surge is attributed to the anticipation surrounding the launch of the first U.S. Dogecoin ETF, which is expected to unlock substantial institutional demand.
Additionally, a publicly traded Dogecoin treasury has announced a $125 million acquisition of DOGE, further fueling bullish sentiment in the market. The ETF launch is seen as a pivotal moment that could propel DOGE to new heights, especially as macroeconomic conditions appear favorable for risk assets.
Bitcoin has seen a resurgence, hitting a two-week high above $114,000, driven by strong inflows into spot Bitcoin ETFs, which recorded $757.1 million in a single day. This marks an eight-week high for ETF inflows, indicating renewed confidence among institutional investors.
As a result, the total inflows for U.S. ETFs in September have reached $1.39 billion, showcasing a robust appetite for Bitcoin amid expectations of a Federal Reserve rate cut. Analysts suggest that these inflows are a critical factor in Bitcoin's price stability and potential future gains.
Recent whale activity has been notable, with a dormant Bitcoin whale moving $50 million worth of BTC after nearly 13 years. This transaction highlights a trend of long-term holders beginning to re-enter the market, potentially signaling a shift in sentiment.
In addition, significant trading volumes have been observed across various cryptocurrencies, with Dogecoin and XRP also attracting institutional interest. These movements suggest a growing confidence in the market as traders position themselves ahead of anticipated regulatory developments and macroeconomic shifts.
The broader crypto market is poised for potential growth as institutional adoption continues to rise, particularly with the upcoming decisions on various ETF applications. Analysts remain optimistic about Bitcoin and Ethereum, citing strong accumulation patterns and favorable macro conditions.
As the market anticipates regulatory clarity, especially regarding Bitcoin and Dogecoin ETFs, traders are closely monitoring price movements. The current sentiment suggests that if these developments align positively, we could see significant upward momentum in the coming weeks.
Gemini Space Station’s initial public offering pulled in $425 million late Thursday, marking one of the strongest debuts for a digital asset platform in recent memory. The New York-based firm priced 15.2 million shares at $28 each, above its earlier guidance of $24 to $26. Demand outpaced supply by more than twentyfold, leading bankers to halt new orders ahead of pricing after the book filled at speed.
In a rare move, Gemini and its underwriters capped proceeds at $425 million, even though the sale could have raised up to $433 million without the limit. Nasdaq committed to purchase $50 million worth of stock in a private placement at the IPO price, and the offering gives Gemini a market value of just over $3 billion at the top of its pricing range.
Crypto-related stocks including Galaxy Digital (GLXY), Circle Internet (CRCL), and Bitfarms (BITF) posted double-digit gains on Thursday as bitcoin (BTC) rose the highest since mid-August. Galaxy added 12%, while Bitfarms advanced another 18%, extending gains to more than 60% this week. Circle's stock rallied 16%, breaking a downtrend that saw the stock decline roughly 60% from its post-IPO peak.
Meanwhile, bitcoin treasury vehicles Metaplanet (3355) and Nakamoto (NAKA) declined 10% and 14%, respectively, even as bitcoin advanced toward $115,000.
The board of Mogu approved a strategic allocation of up to $20 million of corporate assets to digital currencies, primarily BTC, ETH, and SOL. This decision has led to a significant increase in Mogu's stock price, which popped nearly 200% following the announcement.
The blockchain lender Figure's shares had been priced at $25 for a $5.3 billion valuation, which is an increase compared to earlier estimates. The IPO opened at $36 per share, surpassing a valuation of $7 billion.
Figure shares closed 24% above their IPO price at $31.11 on Thursday, indicating strong investor interest in crypto-native firms on Wall Street. The stock initially changed hands at $36 apiece, giving it a valuation of $6.58 billion.
The9 Limited will be distributed 19% of the $9BIT token supply for its contribution to the $9BIT ecosystem. The $9BIT tokens are expected to be listed on at least one of the following crypto exchanges before December 31, 2025: Bybit, KuCoin, Gate, Coinbase, and Bitget.
The upcoming $4.3 billion Bitcoin options expiry is poised to influence Bitcoin's price trajectory significantly. Analysts suggest that bullish sentiment prevails, particularly in light of recent weak jobs data and concerns regarding AI profitability, which could introduce volatility into the market. Currently, Bitcoin is trading around $115,375, reflecting a 1.13% increase, and some analysts are speculating a potential rally to $120,000 as the expiry approaches. This sentiment is echoed by the broader crypto market, which has recently seen a resurgence, with Bitcoin briefly topping $116,000, indicating strong bullish momentum despite economic uncertainties.
In a notable development for corporate crypto adoption, China-based fashion company Mogu has announced a $20 million investment in Bitcoin, Ethereum, and Solana. Following this announcement, Mogu's shares surged by 76%, indicating strong market enthusiasm for the company's foray into digital assets. This strategic allocation not only reflects growing institutional interest in cryptocurrencies but also highlights the potential for traditional companies to leverage crypto investments as part of their financial strategies.
The altcoin market is showing signs of acceleration, with trading volumes shifting significantly towards altcoins, which now account for 37.2% of the total trading volume. This shift comes as the overall market capitalization of cryptocurrencies climbs back above $4 trillion. Analysts are optimistic about the potential for altcoins to outperform, especially as new projects like Maxi Doge ($MAXI) gain traction, drawing in significant investment and community engagement. Additionally, Solana is being highlighted as a key player, with predictions of a new all-time high by the end of 2025, driven by corporate accumulation and favorable market conditions.
The latest Consumer Price Index (CPI) data revealed a headline inflation rate of 2.9% and a core rate of 3.1%, both exceeding the Federal Reserve's 2% target. Despite this, the focus shifted to rising jobless claims, which soared to 263,000—marking the highest level in nearly four years and surpassing the previous week's 236,000 and the forecast of 235,000. This labor market weakness has led to increased fears of a potential recession and stagflation, as noted by Brian Coulton, chief economist at Fitch.
The Hong Kong Monetary Authority (HKMA) is drafting plans to ease capital requirements for banks holding cryptocurrencies, aiming to clarify guidance on capital regulation for crypto assets. This initiative is part of a broader effort to solidify Hong Kong's position as a global crypto hub and is expected to be implemented early next year. The proposed changes could enhance the regulatory framework for banks and encourage further crypto adoption in the region.
The Central Bank of Brazil announced its intention to start applying Virtual Asset Service Provider (VASP) regulations by 2026. The bank emphasized that while the rules will allow for operational freedom, they should not be overly ambitious. This regulatory framework aims to provide clearer guidelines for the crypto industry in Brazil, potentially enhancing investor confidence and market stability.
BitMine Immersion Technologies has significantly increased its Ethereum holdings by $200 million, bringing its total to approximately 2.1 million ETH, valued at $9.2 billion. This surge in institutional investment reflects broader confidence in the cryptocurrency market, particularly in Ethereum, as institutional inflows totaled 273,300 ETH last week. Such developments indicate a growing institutional appetite for digital assets, which may influence market dynamics positively.
Tokenized U.S. Treasuries have achieved a new all-time high of $7.45 billion as of August 27, 2025, reflecting a threefold increase year-over-year. This growth is driven by major asset managers like BlackRock and Fidelity, who are developing on-chain fixed income products. The rise of tokenized treasuries indicates a shift in how traditional financial instruments are accessed and traded, potentially attracting more capital into the crypto space.
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