Summary
gm, El Salvador transferred its Bitcoin holdings to new addresses to enhance security against potential quantum computing threats. The newly launched World Liberty Financial (WLFI) token experienced substantial volatility after its debut, dropping over 30% from its initial trading price as holders were targeted by hackers using an Ethereum-related phishing exploit, prompting a governance proposal for a token buyback and burn program. Meanwhile, corporate treasuries continued to expand, with Strategy adding 4,408 BTC ($450 million) to its holdings, The Ether Machine securing $654 million in ETH ahead of its Nasdaq listing, and major exchanges enhancing their offerings—notably Coinbase and OKX launching services for Australian retirement funds and Coinbase introducing a hybrid futures index tracking both cryptocurrency and major tech stocks.

News Headlines
🚀 Bitcoin's Path to $1M May Be 'Very Boring,' Says Analyst

  • Bitcoin analyst PlanC suggests Bitcoin may reach $1 million in a slow, uneventful manner over the next seven years, characterized by long periods of sideways movement and moderate corrections rather than dramatic dips.
  • While some industry figures like Coinbase CEO Brian Armstrong predict a quicker timeline, others warn that such rapid appreciation could indicate economic instability rather than healthy growth.

🔄 Gold Price Hits Record $3.5K as Whales Dump BTC for ETH

  • Gold has reached a record price of $3,500 per ounce driven by expectations of Federal Reserve interest-rate cuts, while Bitcoin struggles with whale investors shifting funds to Ethereum.
  • One notable transaction involved a whale converting 425 BTC for over 10,500 ETH, highlighting a potential shift in investment strategies among large holders in a cautious market environment.

🏦 Gemini Targets $2.2 Billion Valuation in Nasdaq IPO Filing

  • Gemini is offering 16.67 million Class A shares priced between $17 and $19, representing a significant decrease from its $7.1 billion valuation in 2021.
  • The exchange reported revenues of $142.2 million in 2024 but faced a net loss of $158.5 million, with major firms like Goldman Sachs and Citigroup leading the underwriting of this IPO.

🚨 Crypto Thefts Hit $163M in August as Hackers Shift Strategy

  • Hackers stole over $163 million from the crypto sector in August across 16 attacks, with losses primarily attributed to a social engineering scheme targeting a Bitcoiner that resulted in a loss of 783 Bitcoin worth $91 million.
  • This rise in theft is linked to hackers shifting to high-value targets as crypto prices surge, with Bitcoin and Ethereum reaching new all-time highs making centralized wallets more appealing targets.

📈 Bitcoin ETPs Now Hold 7% of Bitcoin's Maximum Supply

  • Bitcoin exchange-traded products (ETPs) have amassed over 1.47 million BTC, constituting 7% of the total Bitcoin supply, with US-based Bitcoin ETFs holding more than 1.29 million BTC across 11 funds.
  • While ETPs saw significant growth with an addition of 170,000 BTC between December 2024 and August 2025, demand appears to be waning with a net outflow of $301 million from global Bitcoin ETPs in August.

Market Metrics

Fundraising & VC
1. Kite AI (Series A, $18M) - EVM-compatible Layer 1 blockchain
2. Centi (Undisclosed, $300K) - Swiss-regulated fintech platform delivering enterprise-grade digital payments ecosystem

Regulatory
🌎 SEC & CFTC Issue Joint Guidance on Spot Crypto Trading

  • US regulators clarified that existing laws do not prohibit regulated exchanges from listing spot crypto products, inviting traditional financial venues to explore cryptocurrency trading options.
  • This initiative follows recommendations from the President's Working Group on Digital Asset Markets, aiming to foster blockchain innovation while maintaining investor protections.

💰 Ukraine Lost $10B to Crypto Crime, RUSI Reports

  • A report by the Royal United Services Institute revealed Ukraine could recover over $10 billion lost to unregulated cryptocurrency activities through enhanced regulation.
  • Russian actors are exploiting regulatory gaps in Ukraine for criminal activities, with the country facing pressure to harmonize its crypto regulations with EU standards by late 2025.

🚨 North Korean Developers Infiltrate Crypto Firms

  • A group linked to North Korea posed as blockchain developers and infiltrated Favrr, stealing $680,000 using at least 31 fake identities with forged documents.
  • The attackers utilized remote job platforms like Upwork and LinkedIn to secure developer roles within crypto firms, executing a corporate-like project management approach.

🏛️ Uniswap Proposes Legal Framework with Wyoming DUNA

  • Uniswap is initiating an on-chain vote to adopt a Wyoming-registered Decentralized Unincorporated Nonprofit Association (DUNA) called DUNI.
  • This structure aims to provide formal legal standing for the DAO, allowing it to sign contracts, manage tax obligations, and protect participants from personal liability.

📊 Citi Survey: Crypto to Handle 10% of Post-Trade Market by 2030

  • A survey among 500+ finance executives suggests 10% of global post-trade market turnover will involve digital assets by 2030, including stablecoins and tokenized securities.
  • US respondents expect higher growth (14%) compared to Europe (10%) and Asia Pacific (9%), with liquidity and cost efficiencies cited as key adoption factors.

Technical Analysis
Bitcoin - Bitcoin has broken the ceiling of the falling trend in the short term, which indicates a slower initial falling rate. The currency has support at points 107700 and resistance at points 113500. The currency is assessed as technically neutral for the short term.

Ethereum - Ethereum has broken through the floor of a rising trend channel in the short term. This indicates a slower rising rate at first, or the start of a more horizontal development. The currency is approaching support at 4130 points, which may give a positive reaction. However, a break downwards through 4130 points will be a negative signal. The currency is assessed as technically slightly positive for the short term.