Summary
gm, Galaxy Digital purchased $306 million worth of Solana as part of a $1.55 billion commitment, while Helius Medical Technologies announced a $500 million raise to establish a Solana treasury. The London Stock Exchange Group launched its blockchain-based Digital Markets Infrastructure (DMI) platform for private funds, marking a major step in blockchain integration with traditional finance. Meanwhile, major payment processors expanded their crypto offerings, with PayPal introducing peer-to-peer cryptocurrency transfers and American Express launching Ethereum-based "travel stamps" NFTs on Base. The market also responded to anticipation of the Federal Reserve's expected interest rate cut on September 17, with Bitcoin trading around $115,000 and options traders showing bullish sentiment toward year-end price movements despite temporary volatility.

News Headlines
💰 Strategy Adds $60 Million to Bitcoin Treasury in Smallest Buy in a Month

  • Strategy purchased 525 BTC for approximately $60 million, bringing its total holdings to nearly 639,000 Bitcoin valued at an estimated $73 billion, making this its smallest purchase in over a month.
  • The acquisition was entirely funded through proceeds from preferred shares, with the company having only around $8 million left from its latest fundraising round.

🌊 ETFs Reach $12.19 Trillion, Potentially Reducing Fed's Market Influence

  • U.S. ETFs have accumulated an unprecedented $12.19 trillion in assets, with $799 billion in inflows for 2025 and over $120 billion in August alone, potentially diminishing the Federal Reserve's influence on markets.
  • Bitcoin and Ether ETFs are managing over $120 billion collectively, while automated retirement account contributions create consistent ETF demand that may insulate markets from Fed interest rate decisions.

🏛️ UK Crypto Groups Criticize Bank of England's Proposed Stablecoin Caps

  • UK cryptocurrency advocacy groups are urging the Bank of England to reconsider its proposal to impose limits on individual stablecoin holdings, with suggested caps of £10,000-£20,000 for individuals and £10 million for businesses.
  • Industry leaders argue these restrictions would create stricter oversight than in the U.S. or EU, requiring new systems like digital IDs and potentially driving business abroad.

🤖 Ethereum Foundation Launches AI Team to Develop Blockchain-AI Integration

  • The Ethereum Foundation has created a dedicated "dAI team" led by core developer Davide Crapis to establish Ethereum as a foundational platform for AI development.
  • The team's immediate focus is developing the ERC-8004 standard to facilitate seamless transactions between AI agents on Ethereum, with plans to create a decentralized AI infrastructure to prevent monopolization by corporate giants.

💵 Forward Industries Becomes First Billion-Dollar Publicly Traded Solana Treasury

  • Forward Industries has acquired approximately 6.8 million SOL tokens worth about $1.58 billion, becoming the largest publicly traded Solana treasury firm.
  • The acquisition was made through a combination of on-chain transactions and open market purchases, with an average purchase price of $232 per SOL, significantly surpassing competitors like Upexi and DeFi Development Corp.

Market Metrics

Fundraising & VC
1. RuneSoul (Undisclosed, $4M) - 3D card-based NFT action RPG

Regulatory
🏛️ SEC Chair Promises Less Aggressive Enforcement Approach

  • New SEC Chair Paul Atkins announced a shift from enforcement-centric strategy to a more lenient approach, issuing preliminary notices before taking action against crypto firms for technical violations.
  • This marks a notable change from Gary Gensler's aggressive stance, with Atkins suggesting a potential six-month window for businesses to address violations prior to enforcement.

⚖️ France Threatens to Block EU-Licensed Crypto Firms

  • France's securities regulator may block cryptocurrency firms licensed in other EU countries due to concerns about regulatory enforcement gaps in the EU's MiCA framework.
  • The AMF warns that firms might exploit looser regulations in some member states to obtain licenses, undermining the integrity of MiCA's "passport" system.

🤝 SEC and Gemini Reach Agreement Over Lending Dispute

  • The SEC and Gemini Trust have reached a "resolution in principle" regarding a securities case related to Gemini's Earn product, nearly three years after the initial complaint.
  • The case originated from allegations that Gemini and Genesis Global Capital offered unregistered securities to US retail investors between 2021 and 2022.

💼 New $100M Super PAC Backs Pro-Crypto Candidates

  • The Fellowship PAC has launched with over $100 million to support candidates who advocate for transparency and innovation in digital assets.
  • Founded to ensure US leadership in cryptocurrencies, the PAC aims to align the interests of crypto entrepreneurs, investors, and policymakers.

🔒 Israel Seeks to Seize $1.5 Million in Tether Linked to Iran

  • Israel's National Bureau for Counter Terror Financing has identified 187 USDT addresses allegedly tied to Iran's Islamic Revolutionary Guard Corps.
  • Authorities claim these addresses received a total of $1.5 billion in USDT and have called for their seizure.

Technical Analysis
Bitcoin - Investors have paid higher prices over time to buy Bitcoin and the currency is in a rising trend channel in the short term. Rising trends indicate that the currency experiences positive development and that buy interest among investors is increasing. The currency has support at points 113500 and resistance at points 117400. Volume tops and volume bottoms correspond well with tops and bottoms in the price. This strengthens the trend. 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 Bitcoin. 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.

Ethereum - Ethereum has broken up from an approximate horizontal trend channel in the short term after investors have paid ever more. A positive signal has been triggered and further increase for the currency is indicated. The currency is between support at points 4300 and resistance at points 4800. A definitive break through of one of these levels predicts the new direction. Volume has previously been high at price tops and low at price bottoms. This strengthens the trend break. The currency is overall assessed as technically positive for the short term.