1. According to data from cryptocurrency research firm K192 Research, Norway's sovereign wealth fund is the world's largest state-led wealth fund, with its indirect exposure to Bitcoin increasing by 33% last year. The fund indirectly holds 7,161 Bitcoins (BTC) through its investment portfolio, with exposure sources including treasury company Strategy, Metaplanet, and cryptocurrency exchange Coinbase.
2. The U.S. SEC has postponed the decision on the Solana ETF proposals from Bitwise and 21Shares until October 16.
3. According to Cointelegraph, SEC Chair Atkins stated that the SEC has the authority to take action on blockchain-related rules without waiting for congressional legislation. The disclosure of the 'Project Crypto' plan aims to promote the modernization of cryptocurrency regulation in the U.S. and is mobilizing all departments to make the U.S. a global center for Bitcoin and cryptocurrency.
4. The gaming public chain Ronin will upgrade from a sidechain to Ethereum L2, expected to be completed between Q1 and Q2 of 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 Becerra: We will not purchase BTC, confiscated BTC will serve as strategic reserves, and the U.S. is exploring ways to acquire more BTC in a 'budget-neutral' manner.
7. The American Bankers Association (ABA) has joined 52 banking organizations to send a letter to the leadership of the Senate Banking Committee, proposing amendments to the (U.S. Stablecoin National Innovation and Establishment Act) (GENIUS Act). The banking organizations believe that the bill's restrictions on stablecoin issuers paying interest have loopholes that could be easily circumvented by exchanges, brokers, and other institutions. They warn that this could lead to stablecoins transitioning 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 small-cap token bull market by September 2025. The report shows that Bitcoin's market dominance fell from 65% in May 2025 to 59% in August, while the total market cap of small-cap tokens increased by over 50% since early July, reaching $1.4 trillion. Liquidity data shows that the liquidity in the cryptocurrency market has begun to recover after a six-month decline. The report believes that the Federal Reserve is expected to implement interest rate cuts in September and October, which may prompt the $7.2 trillion currently held in money market funds to shift towards risk assets, bringing new capital inflows to the cryptocurrency market.
9. Synthetix is accelerating its return to the Ethereum mainnet and will create a modern, high-performance decentralized trading platform for perpetual contracts. After two years of development, the team has confirmed that the model of off-chain order matching combined with a batch settlement engine, with all funds retained on the mainnet, is the optimal design solution.
10. The majority of economists surveyed by Reuters expect the Federal Reserve to make its first interest rate cut of the year in September, with another possible cut before the end of the year as the baseline forecast. Concerns about the health of the U.S. economy are increasingly rising. Among 110 respondents, 67 (61%) expect the Federal Reserve to lower the benchmark rate by 25 basis points to 4.0% - 4.25% in September, which would be 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 expect the Federal Reserve to maintain rates unchanged. More than 60% of respondents (68 out of 110) expect one or two rate cuts this year, which is roughly in line with last month. However, there is no consensus on the level of the federal funds rate by the end of 2025. Additionally, 68% of respondents expect that the Federal Reserve's independence will not be significantly 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 surpassed 10 million, reaching a historical high, accounting for approximately 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 final confirmation time of blocks to 150 milliseconds.
13. Matrixport's latest weekly report indicates that the U.S. market is entering a new round of liquidity release, with multiple key indicators showing favorable conditions for Bitcoin and risk asset price increases: the size of money market funds has reached a historical high of $7.4 trillion; corporate buybacks are expected to exceed $1.1 trillion this year; commercial and industrial loans have cumulatively increased by $74 billion since April this year, with credit spreads continuously narrowing; the Treasury has net issued $789 billion in bonds over six weeks. The report expects that under the multiple favorable conditions of ample liquidity, improved credit environment, and a policy shift towards dovishness, the market trend is expected to continue until 2026.