1. According to data from cryptocurrency research firm K192 Research, Norway's sovereign wealth fund is the largest state-led wealth fund in the world, and its indirect exposure to Bitcoin increased by 33% last year. The fund indirectly holds 7,161 Bitcoins (BTC) through its investment portfolio, with related exposure coming from treasury company Strategy, Metaplanet, and cryptocurrency exchange Coinbase.
2. The U.S. SEC has postponed its decision on the Solana ETF proposals from Bitwise and 21Shares until October 16.
3. According to Cointelegraph, SEC Chair Gary Gensler stated that the SEC has the authority to take action on blockchain-related rules without waiting for congressional legislation. The 'Project Crypto' plan has been disclosed, aiming to modernize U.S. cryptocurrency regulation and mobilizing all departments to make the U.S. a global center for Bitcoin and cryptocurrencies.
4. The gaming public chain Ronin will upgrade from a sidechain to Ethereum L2, expected to be completed in Q1 to Q2 next year.
5. CoinW has completed a full-stack integration upgrade, covering the CoinW trading platform, GemW on-chain asset aggregation, DeriW public chain infrastructure, and PropW institutional trading platform. This upgrade integrates CEX/DEX trading, on-chain asset access, and institutional-level tools, making user operations more efficient and convenient.
6. U.S. Treasury Secretary Yellen: Will not purchase BTC, confiscated BTC will serve as a strategic reserve, and the U.S. is exploring a 'budget-neutral' approach to acquire more BTC.
7. The American Bankers Association (ABA) and 52 banking organizations have written to the Senate Banking Committee leadership, proposing to amend the (U.S. Stablecoin National Innovation and Establishment Act) (GENIUS Act). The banking organizations believe there are loopholes in the bill's restrictions on interest payments by stablecoin issuers, which could be easily circumvented by exchanges, brokers, and other institutions. They warn that this could lead to stablecoins shifting from payment tools to value storage and credit mechanisms, thereby affecting market incentive mechanisms. The banking organizations suggest expanding the prohibition on interest payments to digital asset exchanges, brokers, and affiliated entities.
8. Coinbase's research department released a monthly outlook report indicating that the cryptocurrency market may enter a full cycle of small-cap token increases by September 2025. The report shows that Bitcoin's market dominance dropped from 65% in May 2025 to 59% in August, and the total market capitalization of small-cap tokens grew by over 50% since early July, reaching $1.4 trillion. Liquidity data shows that cryptocurrency market liquidity began to recover after six months of decline. The report suggests that the Federal Reserve is expected to implement interest rate cuts in September and October, which may prompt the $7.2 trillion currently stranded in money market funds to shift toward risk assets, bringing new capital inflows to the cryptocurrency market.
9. Synthetix is accelerating its return to the Ethereum mainnet and will build a modern, high-performance decentralized trading platform for perpetual contracts. After two years of development, the team has confirmed that the optimal design combines off-chain order matching with a batch settlement engine, retaining funds entirely on the mainnet.
10. A majority of economists surveyed by Reuters expect the Federal Reserve to make its first interest rate cut of the year in September, with a possibility of a second cut before the end of the year, which is the baseline forecast. Concerns about the health of the U.S. economy are increasing. Among the 110 respondents, 67 (61%) expect the Fed to lower the benchmark interest rate by 25 basis points in September to 4.0% - 4.25%, marking the first cut of the year, up from 53% in the July survey, with one person expecting a 50 basis point increase. The remaining 42 believe the Fed will keep rates unchanged. Over 60% of respondents (68 out of 110) expect one to two interest rate cuts this year, consistent with last month. However, there is no consensus on the federal funds rate level by the end of 2025. Additionally, 68% of respondents expect that the Fed's independence will not be severely eroded during Powell's remaining term.
11. According to data from Strategicethreserve.xyz, the total amount of Ethereum held by Ethereum treasury entities and ETFs has exceeded 10 million, reaching a historic high, accounting for about 8.3% of the current total supply.
12. According to Cointelegraph, Solana's SIMD 326 – Alpenglow proposal has initiated its community governance process, and the proposal has entered the community governance process. This upgrade aims to optimize the block finality confirmation time to 150 milliseconds.
13. Matrixport's latest weekly report indicates that the U.S. market is entering a new round of liquidity release cycle, with several key indicators favoring upward prices for Bitcoin and risk assets: the size of money market funds has reached a historic high of $7.4 trillion; corporate buybacks are expected to exceed $1.1 trillion this year; commercial and industrial loans have increased by $74 billion since April; credit spreads continue to narrow; and the Treasury has increased its net issuance of bonds by $789 billion in six weeks. The report expects that with abundant liquidity, improving credit conditions, and a policy shift towards dovishness, the market trend is likely to continue until 2026.