Summary
gm, ETH climbed to $4,733, approaching its all-time high of $4,878, fueled by unprecedented institutional demand as Ethereum ETFs attracted over $1 billion in daily inflows, significantly outpacing Bitcoin's $86.7 million. BitMine Immersion made headlines by increasing its ETH purchase target from $4.5 billion to $24.5 billion, aiming to control approximately 5% of Ethereum's circulating supply. Meanwhile, Bitcoin reached a new all-time high of $124,500, supported by favorable inflation data that raised expectations for Fed rate cuts, while Standard Chartered revised its Ethereum price forecast dramatically upward to $7,500 for 2025, citing increased institutional buying and regulatory changes enhancing stablecoin adoption.

News Headlines
📈 Ethereum ETF Inflows in August Surpass Post-Merge Token Issuance

  • Spot Ethereum ETFs attracted $2.3 billion in August 2025, equivalent to roughly 500,000 ETH, exceeding the 450,000 ETH issued by the Ethereum network since the September 2022 merge.
  • Despite treasury firms also accumulating ETH, demand from ETFs has been substantially larger, with projections suggesting Ethereum treasury companies may increase their holdings to 10% of all circulating ETH by year-end.

🔐 Banking Groups Urge Senate to Close GENIUS Act Stablecoin Yield Loophole

  • Banking groups, led by the Bank Policy Institute, are urging Congress to close a loophole in the GENIUS Act that would allow stablecoin issuers to offer yields to holders through affiliated exchanges.
  • They warn that without addressing this issue, approximately $6.6 trillion could be withdrawn from traditional banks, potentially disrupting credit flow to American businesses and families.

🚫 Monero Plummets 25% on 51% Attack Concerns as Qubic Claims Network Control

  • Monero's price has fallen nearly 25% in the past month due to fears of a 51% attack by the Qubic mining pool, which claims to have secured over half of Monero's network hashrate.
  • While Qubic claims its actions are meant to strengthen Monero against larger adversaries, experts from firms like AMLBot and Horizen Labs have expressed skepticism about the extent of the attack, citing absence of independent verification.

📊 Bitcoin ATM Operator Reports 183% Profit Growth, Plans International Expansion

  • Bitcoin Depot reported a 183% year-over-year increase in Q2 profits, reaching $12.3 million, driven by a significant rise in the value of its Bitcoin holdings, which grew 666% to $11.5 million.
  • Despite impressive financial performance, the company is expanding internationally with 200 kiosks in Australia and acquiring assets from other operators to consolidate the fragmented Bitcoin ATM market.

📱 Google Play Store Sets New Crypto Wallet Licensing Requirements, Exempts Non-Custodial Wallets

  • Google Play will require crypto wallet apps in over 15 jurisdictions, including the US and EU, to obtain proper licensing and comply with industry standards starting October 29, 2025.
  • After community backlash, Google clarified that non-custodial wallets are exempt from these new regulations, addressing concerns that self-custodial functionality on Android devices might be limited.

Market Metrics

Fundraising & VC
1. Neon Machine (Undisclosed, $19.5M) -  Game studio based in Seattle
2. HoneyCoin (Undisclosed, $4.9M) - Cross-border Web3 super app
3. ODX (Undisclosed, $260.64K) - Layer 1 blockchain built on the Cosmos SDK

Regulatory
👨‍⚖️ HashFlare Founders Given Time Served Despite $577M Ponzi Scheme

  • Sergei Potapenko and Ivan Turõgin received time served (16 months) and $25,000 fines each after pleading guilty to running a $577 million crypto mining Ponzi scheme.
  • Prosecutors, who had sought 10-year sentences, are considering an appeal as the judge determined that significant customer losses were not evident despite the scheme affecting 440,000 users.

🛡️ A16z and DeFi Education Fund Propose SEC Safe Harbor for DApps

  • Andreessen Horowitz and the DeFi Education Fund have proposed a safe harbor to protect developers of non-custodial apps from being classified as broker-dealers under securities laws.
  • The proposal would shield developers of DEXs, self-custodial wallets, and NFT marketplaces, provided their apps are non-custodial and don't execute transactions without user consent.

🌎 BitGo Backs Central Asia's First Spot Bitcoin ETF in Kazakhstan

  • US-regulated crypto custodian BitGo is providing custody services for the Fonte Bitcoin Exchange Traded Fund, Central Asia's first spot Bitcoin ETF launched on the Astana International Exchange.
  • The ETF marks a significant step in providing institutional-grade Bitcoin access for investors in Central Asia, though experts note the dependency on centralized global custodians rather than local solutions.

🏛️ Wisconsin Senators Target Crypto ATM Fraud with New Bill

  • Wisconsin lawmakers have introduced Senate Bill 386 requiring crypto ATM operators to obtain money transmitting licenses and collect user identification information.
  • The bill would cap transactions at $1,000 per day, mandate fraud warnings on machines, limit fees, and require operators to reimburse customers for fraudulent transactions within 30 days.

Technical Analysis
Bitcoin - Bitcoin is in a rising trend channel in the short term. This shows that investors over time have bought the currency at higher prices and indicates good development for the currency. The price has risen strongly since the positive signal from the rectangle formation at the break through resistance at 118077. The objective at 122416 is now met, but the formation still gives a signal in the same direction. There is no resistance in the price chart and further rise is indicated. In case of a negative reaction, the currency has support at approximately 120700 points. The RSI curve shows a rising trend, which supports the positive trend. The currency is overall assessed as technically positive for the short term.

Ethereum - Ethereum is in a rising trend channel in the short term. This shows that investors over time have bought the currency at higher prices and indicates good development for the currency. There is no resistance in the price chart and further rise is indicated. In case of a negative reaction, the currency has support at approximately 3870 points. The short term momentum of the currency is strongly positive, with RSI above 70. This indicates increasing optimism among investors and further price increase for Ethereum. However, particularly for big stocks, high RSI may be a sign that the stock is overbought and that there is a chance of a reaction downwards. The currency is overall assessed as technically positive for the short term.