🔔 MARKET MOVING NEWS! (09/08/25)
1️⃣ Ethereum Cracks $4,000 for First Time in 8 Months 📈
The price of ETH broke above $4,000 yesterday for the first time since December 2023, marking an 8-month high. This milestone comes as Ethereum rallied more than 50% over the past 30 days. The rally is driven by a number of factors, including heightened transaction activity on the Ethereum blockchain, increased staking, strong demand for ETH corporate treasuries, ETFs and regulatory developments favourable to crypto.
2️⃣ Harvard Reports $116M Stake in BlackRock’s iShares Bitcoin ETF in Latest Filing 🔍
Harvard University has disclosed a $116 million stake in BlackRock’s iShares Bitcoin Trust (IBIT) in its latest quarterly 13-F filing with the U.S. Securities and Exchange Commission (SEC) for holdings as of June 30, 2025. This investment, managed by the Harvard Management Company overseeing the university's $50 billion endowment, marks one of the largest known bitcoin allocations by a U.S. university endowment.
3️⃣ Swiss Bank Sygnum Launches Regulated SUI Custody and Trading for Institutions 💎
Swiss digital asset bank Sygnum has launched regulated custody, spot trading, and derivatives trading for SUI in partnership with the Sui Foundation. The initiative addresses rising demand from institutional clients like banks, asset managers, and high-net-worth individuals for secure crypto exposure. Staking is expected to launch in the coming weeks, with loans scheduled for the fourth quarter. All SUI holdings will be kept off Sygnum's balance sheet and structured to be bankruptcy-remote.
4️⃣ Coinbase Launches DEX Trading For US Users Amid Volume Decline ✨
Crypto exchange Coinbase has added a decentralized exchange (DEX) integration to its main app. This will allow U.S. users (excluding New York State) to trade "millions" of digital assets directly within its app, leveraging its Ethereum Layer 2 network Base. The DEX feature will initially focus on Base-native tokens for projects such as Virtuals AI Agents, Reserve Protocol DTFs, SoSo Value Indices, Auki Labs, and Super Champs. However, the company plans to expand the feature to additional markets and networks, starting with Solana. The rollout comes amid a decline in Coinbase's spot trading volumes and Q2 revenue, as it faces competition from platforms like Kraken and Robinhood, which offer broader asset selections and lower fees.
5️⃣ Credix Team Vanishes After $4.5 Million Exploit, Deletes Socials And Takes Website Offline ‼️
The operators of CrediX, a decentralised lending platform, have reportedly vanished following a $4.5 million exploit on August 4, 2025. In what seems to be an exit scam, the project’s X (formerly Twitter) account has gone inactive and website taken offline. For context, CrediX has initially assured users of reimbursements within 24-48 hours and advised direct contract withdrawals after the exploit. However, no recovery plan has since materialised and communication ceased entirely. #
