NEW: SharpLink acquired 39,008 ETH at an average price of ~$4,531, bringing total holdings to 837,230 ETH, valued at ~$3.6B.
Key highlights for the week ending Aug 31st, 2025:
→ Raised $46.6M through the ATM facility
→ Added 39,008 ETH at ~$4,531 avg. price
→ Staking… pic.twitter.com/dy7x1Ux0NY
— SharpLink (SBET) (@SharpLinkGaming) September 2, 2025
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China has taken another step into blockchain-based finance, but in a way that avoids direct involvement with cryptocurrencies.
A state-owned firm in Shenzhen has launched a digital bond offering on Ethereum, showing how the country is selectively embracing new technology while keeping its hard stance on crypto trading in place.
According to reports, Futian Investment Holding completed a 500 million yuan issuance of offshore bonds on August 29.
The bonds, equal to nearly $70 million, were rolled out in Hong Kong and listed on the Ethereum blockchain. They carry a 2.62% annual interest rate and will expire in two years.
The company described the deal as part of an effort to expand its funding sources while also responding to the growing use of real-world assets and tokenization in global markets.
It also pointed to Hong Kong’s supportive policies as a factor in the decision, saying the bond aligns with the district’s push to attract digital asset innovation.
Futian Investment Holding Announces Issuance of the World’s First Public RWA Digital Bond on a Public Blockchain pic.twitter.com/E2sGIJZdwl
— UZX Official (@UZX_Official) September 2, 2025
The move does not mean that China has softened its ban on crypto or Ethereum. Back in 2021, Beijing imposed a full ban on crypto mining and trading.
Officials at the time said the measures were needed to control energy use and to guard against risks that might destabilize the country’s financial system.
BTCUSD trading at $110,388 on the 24-hour chart: TradingView
That ban remains in effect today. Ordinary citizens and companies in mainland China are still blocked from using or trading cryptocurrencies.
What is allowed, however, are limited experiments like tokenized bonds that stay within the bounds of traditional finance.
By routing the deal through Hong Kong, Beijing can keep its domestic ban intact while still signaling that it wants exposure to blockchain-based finance.
The bustling metro has been given more room to try out digital asset projects, and this latest bond fits into that role.
Image: Meta
China’s strategy delineates a clear split: blockchain as a tool for finance is embraced in regulated manifestations, while crypto as an unfettered market asset is still off-limits.
Stablecoins, particularly dollar-denominated stablecoins, have also attracted scrutiny in Beijing, with officials concerned that they can undermine other currencies based around the world.
Reports suggest this RWA bond may be the first in a series of state-backed blockchain and Ethereum financial products tied to Hong Kong.
For now, the issuance shows China’s intent to cautiously explore blockchain without reopening the door to Bitcoin, stablecoins, or wider crypto adoption.
Featured image from Agoda, chart from TradingView
Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
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Data shows the Bitcoin spot exchange-traded funds (ETFs) are back to positive days, but Ethereum funds are still leading the market.
In a new post on X, analytics firm Glassnode has talked about the latest trend in the weekly inflows related to the US BTC spot ETFs. The “spot ETFs” refer to investment vehicles trading on traditional platforms that allow investors to gain indirect exposure to an underlying asset like Bitcoin or Ethereum.
In the case of cryptocurrencies, the main appeal of the spot ETFs is that they provide a regulated off-chain route into them. This means that investors who aren’t familiar with digital asset wallets and exchanges can also conveniently invest into the space.
While demand for Bitcoin spot ETFs was strong earlier, it has been more mixed lately. Below is a chart shared by Glassnode that shows the trend in the weekly netflow for these investment vehicles over the last few months.
The value of the metric appears to have turned positive in the past week | Source: Glassnode on X
As displayed in the above graph, the US Bitcoin spot ETFs observed significant net inflows between April and July, but then a shift occurred as outflows started taking place instead.
Before this past week, BTC saw outflows in three out of the previous four weeks. While the netflow has switched back to positive in the last week, its value has only been a modest 3,018 BTC ($329 million at the current exchange rate).
That said, the return to green has come alongside a decline in the cryptocurrency’s price, so even the small inflows are a positive indication of institutional demand for BTC. The coin that has seen more notable interest, however, has been Ethereum, the digital asset ranked second by market cap.
The trend in the US spot ETF netflow for ETH | Source: Glassnode on X
From the chart, it’s apparent that the US Ethereum spot ETFs saw negative flows in the previous week, but just like with Bitcoin, the latest week brought back inflows.
Unlike BTC, however, the outflows were an exception to the trend for ETH; the cryptocurrency’s funds were on a 14-week net inflow streak before the the wave of negative flows.
Some of the spikes witnessed during the streak were also quite massive, indicating that institutional entities have been making notable bets on the asset. The latest positive netflow spike has also been significant, with 286,000 ETH (worth about $1.2 billion right now) pouring into the wallets attached to the spot ETFs.
Bitcoin has been facing bearish winds since setting its new all-time high earlier in the month that have taken its price to the $109,200 level.
Looks like the price of the coin has been on the way down in the past few days | Source: BTCUSDT on TradingView
Featured image from Dall-E, Glassnode.com, chart from TradingView.com
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Following weeks of intense pressure, XRP broke out of a symmetrical triangle and tested the support zone around $2.70. On the daily chart, a spinning bottom candlestick pattern has surfaced as a possible lifeline, though as it frequently indicates indecision at the end of a downtrend and prepares the market for a reversal.
Given that this candlestick is showing up at such a crucial point, it may indicate that buyers are beginning to overtake sellers. Crucially, XRP is currently trading just above its 100-day moving average, which has historically been a reliable rebound point in this cycle.
XRP/USDT Chart by TradingView
If follow-through purchases are verified, this arrangement might signal the start of a fresh phase of recovery. XRP recently failed to hold the $2.95-$3.00 range, which is the first major resistance in the short term.
The reversal would be confirmed and the path toward $3.10, the upper limit of recent consolidation, would be cleared if there was a break and daily close above this level. The more ambitious goal beyond that is $3.25-$3.30, which corresponds to the descending trendline that capped the most recent triangle formation.
The immediate support on the downside is still $2.70. XRP may move toward the 200-day moving average at $2.50, the bulls’ last line of defense, if it loses this level on high volume, invalidating the reversal pattern.
As of right now, XRP has a good chance of stabilizing and rising, thanks to the candlestick reversal. In the upcoming sessions, traders should keep an eye out for confirmation, particularly regarding the bulls’ ability to convincingly push XRP back above $3.00.
If they are successful, the present spinning bottom may be the pivotal moment that prevents XRP from plunging any lower and reopens the way to growth.
SOL is currently trading at about $200 on the chart, demonstrating resiliency despite experiencing volatility earlier this year. With the token maintaining above important moving averages and defending its uptrend support, its consistent increase since June is indicative of rekindled investor confidence.
The price movement of Ethereum nowadays is similar to Solana’s as Ether is moving in a textbook uptrend with a one higher high after another, which might allow it reach a new height of $5,000. In the case of Solana, it began showing similar signs of heavy accumulation, which might become a foundation for solid growth. Recently, the asset broke $200, an important psychological threshold.
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This essentially establishes Solana as a viable substitute for those who feel “late” for Ethereum. Growth is not unavoidable, but there’s a solid chance that SOL will pick up ETH’s successful market performance we saw in the last few months.
With its extensive liquidity and Layer-2 scaling, Ethereum has solidified its position as the industry standard. But Solana continues to demonstrate that it can sustain security and uptime at scale.
Given the ongoing selling pressure on the market, Bitcoin (BTC) is seeing one of its most difficult reversal attempts in months. Bitcoin has gone into what can only be described as a free fall after failing to hold above $120,000, and the technical picture indicates that buyers might not see any respite for some time.
Bitcoin has fallen below significant short- and midterm moving averages, including the 50-day EMA, which was once a crucial dynamic support, and is currently trading at about $109,000.
Due to this collapse, Bitcoin now has few areas of immediate support. Near the 200-day EMA at about $104,000 is the next significant cushion. If that level is broken, the structure appears even more shaky, leaving Bitcoin vulnerable to more significant retracements.
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A risky situation is created by the absence of solid support areas below the current price. At this point in the rally, Bitcoin is in open space as opposed to earlier when several technical levels offered safety nets for pullbacks.
Because even small selling waves can turn into more aggressive downside moves, this makes any attempt at reversal extremely challenging. The fact that trading volume has not surrendered adds credence to the bearish argument.
Bulls waiting for a bottom signal may become frustrated if Bitcoin grinds lower in a slow bleed in the absence of a strong flush of sellers leaving. RSI and other momentum indicators are still weak, and there isn’t any obvious divergence that suggests a bounce is about to happen.
In summary, Bitcoin is currently undergoing one of its most difficult reversal attempts to date. There is little chance of a sustainable recovery in the near future because momentum is strongly against it, and there is no obvious support.
Bitcoin price data. Image: Tradingview
Ethereum price data. Image: Tradingview
XRP price data. Image: Tradingview
Disclaimer
The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.
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On unlocks: Only a portion of tokens purchased from the public sale that were bought at $0.015 & $0.05 will unlock initially – this directly rewards our early retail believers and no one else. Plus, treasury tokens purely to seed liquidity. This keeps the community the main focus…
— WLFI (@worldlibertyfi) July 19, 2025
We are now live!!!! Our team has always believed in American strength and leadership. With today’s @WorldLibertyFi’s $WLFI 🦅 token launch, we’re setting a new standard for financial freedom; built on trust, speed, and U.S. values. This is a huge moment for the future of money! pic.twitter.com/40yUOZkG5Q
— Eric Trump (@EricTrump) September 1, 2025
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Solv, a protocol for decentralized finance on Bitcoin, has integrated with Chainlink to power a new Secure Exchange Rate feed for its token SolvBTC on Ethereum.
Summary
Solv Protocol is tapping into Chainlink (LINK)’s proof of reserves solution to bring a new SolvBTC-BTC Secure Exchange Rate feed to the Ethereum (ETH) network, Chainlink announced on Monday.
As well as Chainlink’s PoR, Solv Protocol will leverage its own institutional-grade Bitcoin (BTC) finance infrastructure to enable real-time collateral verification for SolvBTC-BTC.
The collaboration sees Solv now offer real-time proof of reserves for its wrapped BTC asset, allowing for a reliable and tamper-resistant redemption rate for decentralized finance protocols that offer onchain lending with SolvBTC assets. Ethereum has the leading DeFi market ecosystem, led by platforms like Aave.
“We’re excited to see Solv set a new benchmark for wrapped asset transparency with the launch of the Secure Exchange Rate feed powered by Chainlink Proof of Reserve. By combining real-time collateral verification with exchange rate logic, this solution delivers a redemption rate rooted in cryptographic truth, raising the security standard for wrapped assets across DeFi,” Johann Eid, chief business officer at Chainlink Labs
The Secure Exchange Rate feed uses built-in upper and lower bounds from PoR data, making the feed resistant to price manipulation.
Also powering the Secure Exchange Rate feed is Chainlink’s cross-chain interoperability protocol to enable multichain access. Lending protocols like Aave can tap into this verified SolvBTC-BTC rate for transparent collateralization and underwriting.
Solv Protocol is also leveraging Chainlink’s Secure Mint feature to ensure minting of the wrapped BTC asset only occurs when there are sufficient reserves of Bitcoin for 1:1 backing.
Solv boasts over 25,000 BTC staked and more than $2.5 billion in total value locked, with the Bitcoin staking platform’s features also including lending and yield vaults. The team recently launched the BTC+ vault, a Bitcoin yield vault designed to help holders unlock yield with their idle Bitcoin.
BTC+ aggregates capital and deploys it across yield-generating strategies such as staking, basis arbitrage, and onchain credit markets.
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Bitcoin has long been the darling of big-money crypto investors. But it looks like the winds are now shifting in favor of Ethereum.
For instance, a $BTC whale ‘Bitcoin OG’ has been rotating funds from Bitcoin into Ethereum over the past month.
Similarly, on August 21, another whale sold 670 $BTC from a massive seven-year-old stash of 14,837 $BTC (worth $1.6B) to build long $ETH positions, buying 68,130 tokens.
This kind of large-scale institutional rotation underscores the growing confidence in Ethereum – the backbone of DeFi and Web3 – and highlights investors’ eagerness to diversify.
Even better? Traditionally, a rise in $ETH allocations is followed by increased investment in altcoins, which is why many experts believe a new altcoin season could be just around the corner.
Read on as we explore Ethereum’s path ahead and highlight the best altcoins to buy to make the most of this opportunity.
Ethereum exchange reserves are dwindling rapidly. Data from CryptoQuant shows that $ETH available on exchanges is now at an all-time low, suggesting aggressive accumulation on all fronts.
Another macro factor driving $ETH is the latest $WLFI (World Liberty Financial) token listing.
WLFI is a Trump-backed crypto investment firm, and a massive 66% ($328.20M) of its total holdings are in Ethereum. So, a strong listing for WLFI could trigger further bullish momentum in $ETH.
And things are looking pretty good on the technical side, too.
$ETH is currently trading around $4,300 and is just one big fat green candle away from breaking out of a long-drawn consolidation zone, as highlighted by the descending triangle pattern in the image below.
With all the stars aligning perfectly for Ethereum, the broader altcoin market stands to benefit the most.
Since $ETH is the base layer for a majority of altcoins, stabilization at higher levels could lead to institutional liquidity rotating into smaller tokens as investors adopt a more risk-on approach and chase high-growth opportunities.
Looking for the best cryptos to invest in right now? Here are three awesome suggestions.
Despite some big-money players preferring Ethereum over Bitcoin, there’s no shortage of bullish sentiment for the ‘digital gold.’
Just a couple of days ago, a new Bitcoin whale was born after a hefty 1,506 $BTC deposit worth $163.5M.
That’s why Bitcoin Hyper ($HYPER) stands out as one of the best cryptos to buy now.
It’s building the first-ever Layer 2 solution that’s aimed at bringing Solana-like performance to the otherwise slow and aging Bitcoin blockchain.
By integrating the Solana Virtual Machine (SVM), $HYPER will unlock full compatibility with smart contracts and dApps directly on Bitcoin.
And thanks to a fast, decentralized, non-custodial canonical bridge, you’ll be able to seamlessly convert your Layer 1 $BTC into ‘wrapped’ $BTC tokens, fully compatible with Hyper’s Layer 2.
Why is this conversion important? Because it allows you to use native $BTC tokens across high-speed DeFi trading apps, NFT marketplaces, lending and staking protocols, DAOs, and gaming dApps.
Currently in presale, Bitcoin Hyper has already raised over $13.2M from early investors. Here’s how to buy $HYPER.
Each token is priced at just $0.012835, with our $HYPER price prediction suggesting the token could climb 2,400% by year-end – potentially hitting $0.32.
Visit Bitcoin Hyper’s official website for more information.
With trading volumes at record highs, the need for a reliable and easy-to-use crypto wallet has never been greater. Enter Best Wallet Token ($BEST).
This new crypto powers Best Wallet, a free crypto wallet that delivers a never-before-seen blend of usability and rock-solid security.
Impressive, right? But the real kicker is its Presale Aggregator, which is a feature you won’t find in any other wallet.
Simply put, it lets you buy the best crypto presales directly within the app. No need to jump across external websites, as everything happens securely inside Best Wallet.
And buying $BEST doesn’t just give you front-row seats to the wallet’s growth, but it also unlocks a bunch of exclusive perks.
These include reduced trading fees, voting rights, staking rewards (currently 87%), and early-bird access to new meme coins in presale.
1 $BEST is currently available at just $0.025575, with the project having already gathered over $15.3M.
Check out $BEST’s official website for more information.
The best thing about meme coins? They’re probably some of the most self-aware projects you’ll ever see – across industries, countries, and even planets.
Unstable Coin ($USDUC) is a picture-perfect example. The token knows it’s a pure meme coin, and it doesn’t try to be anything else. In fact, it prides itself on having no intrinsic value, utility, or roadmap.
On paper, it’s a satirical take on the USDC stablecoin and the entire ethos of stablecoins: bringing stability to the crypto market.
But according to the developers of Unstable Coin, crypto is inherently volatile, and that shouldn’t change. The result? $USDUC, a meme coin that exists to revolt against stablecoins.
And as we’ve come to expect from meme coin degens, the more absurd a coin’s premise, the more ridiculous its gains.
Available on both Solana and Ethereum, $USDUC has already surged more than 518% since launching in June this year.
It’s currently trading at record highs of $0.06947, and with momentum on its side, there may be no stopping it from rocketing further into uncharted territory.
With institutional players snagging up Ethereum at an unprecedented pace, the stage is set for a full-blown altcoin season.
However, kindly keep in mind that none of the above is financial advice. Crypto investments are highly risky, and you must only invest after doing your own research.
Authored by Krishi Chowdhary, Bitcoinist — www.bitcoinist.com/best-altcoins-to-buy-after-whales-shift-from-bitcoin-to-ethereum
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Ethereum’s Co-Founder and Consensys CEO Joseph Lubin has made one of his boldest predictions yet. He said Ethereum (ETH) could surge by 100 times its current price as Wall Street adopts staking and decentralized finance (DeFi) infrastructure.
In a post on X over the weekend, Lubin said that traditional finance firms will eventually run validators, stake ETH, operate layer-2 and layer-3 networks, and even write smart contracts as they shift their operations onto Ethereum rails.
I am 100% aligned with almost all of what Tom @fundstrat says here.
Yes, Wall Street will stake because they currently pay for their infrastructure and Ethereum will replace much of the many siloed stacks they operate on (e.g. JPMorgam probably operates on several siloed stacks… https://t.co/bW93kkX1gW
— Joseph Lubin (@ethereumJoseph) August 30, 2025
“ETH will likely 100x from here. Probably much more,” he wrote, adding that Wall Street currently pays heavily for siloed infrastructure that Ethereum could replace.
Lubin, a former Goldman Sachs executive and a key architect of Ethereum since 2014, argued that banks and financial institutions will transform into “TradFi companies running on decentralized rails.” He highlighted that staking and smart contract infrastructure will become essential for agreements, processes, and financial instruments.
His comments echo those of Fundstrat’s Tom Lee, who, in August, projected that Wall Street adoption could push Ethereum to surpass Bitcoin in terms of network value. Lubin said he is “100% aligned” with Lee, declaring, “Yes, Ethereum/ETH will flippen the Bitcoin/BTC monetary base.”
Moreover, VanEck CEO Jan van Eck recently labeled Ethereum “the Wall Street token,” warning banks that they must adopt Ethereum to facilitate stablecoin transfers or risk losing ground.
Lubin’s prediction comes at a time when Ethereum’s ecosystem is witnessing record growth in stablecoins. According to Token Terminal, the total stablecoin supply on Ethereum has surpassed $160 billion, more than doubling since January 2024. Tom Lee noted that “stablecoin demand seems exponential on Ethereum.”
Institutional interest in Ethereum has been gaining momentum at a rapid pace. Since June 2025, companies like Bitmine Immersion and Sharplink Gaming have added about 2.6% of all ETH to their reserves, worth over $6 billion.
Along with the fresh inflows into Ethereum ETFs, institutions now hold close to 5% of the entire supply. BlackRock and VanEck have already committed billions through these funds, a clear sign that Ethereum is becoming a serious player in corporate treasuries and big investment portfolios.
Banks like JPMorgan and Goldman Sachs, which have been testing Ethereum-based systems for nearly 10 years, are also pushing deeper into the network.
While Bitcoin still leads as the primary store of value, Lubin believes Ethereum’s adaptability and Wall Street’s embrace of its staking and DeFi systems could finally trigger the long-anticipated “flippening.” If his 100x price forecast proves accurate, Ethereum may evolve from a smart contract platform into the core infrastructure of global finance.
Also Read: Investors Shift $900M Daily from Bitcoin to Ethereum: Analyst
A legendary Bitcoin OG has just made a bold $433 million bet on Ethereum (ETH), accelerating a trend of capital rotation from Bitcoin (BTC) into the world’s second-largest cryptocurrency.
The whale sold 4,000 BTC on Sunday, August 31, 2025, at a price of approximately $435 million and purchased 96,859 ETH at a price of approximately $433 million, according to the Lookonchain data. Earlier that day, the whale deposited 3,000 BTC to an exchange before executing the massive swap.
This follows Saturday’s move, where the same investor sold 1,000 BTC for $109 million and purchased more ETH through Hyperliquid. Overall, the whale currently owns more than 800,000 ETH valued at close to $4 billion, and the majority of the coins are already staked to generate rewards.
The whale’s aggressive rotation mirrors a broader institutional shift. BlackRock’s Ethereum Trust (ETHA) bought nearly $968 million in ETH last week, leading U.S. spot ETH ETFs to record $3.87 billion in August inflows. Since April, ETH ETFs have pulled in more than $11 billion.
In comparison, U.S. spot Bitcoin ETFs are on track to finish August with $751 million in outflows, ending a four-month streak of inflows. Meanwhile, companies like BitMine and SharpLink have built huge ETH treasuries, holding more than 2.5 million ETH combined.
Ethereum’s price rebounded 3% on Sunday to $4,491 after dipping earlier in the day. Despite an 8.13% weekly decline, ETH has gained 24.39% in August and recently set a new all-time high at $4,948.
#ETHEREUM Roadmap to $10K 🚀$ETH isn’t done yet.
▶️ HTF structure = bullish
▶️ Demand zones perfectly holding
▶️ Liquidity above $5K acting like a magnet
Once ETH clears $5K and confirms it as support, momentum could accelerate toward $10,000 in this cycle.@ethereum pic.twitter.com/TNM8dzSFio
— Crypto Patel (@CryptoPatel) August 31, 2025
Market analysts, Crypto Patel, suggest ETH could surge toward $10,000 if it breaks past the key $5,000 resistance level. With whales and institutions alike rotating into Ethereum, all eyes are now on whether September delivers that breakout.
Also Read: A $5B Bitcoin Whale Moves Billions of BTC Into Ethereum