Bitcoin rallied approximately 1.4 %, reaching around $112,423, its strongest level in a week. The move is linked to optimism over the upcoming U.S. August jobs report—if weak, it could prompt the Federal Reserve to consider interest rate cuts, which often buoy crypto assets. Other major cryptocurrencies remained mixed: Ethereum and XRP were largely flat, while Solana slipped about 0.7 %.
Around September 1, ETH dropped over 7% to reach approximately $4,380, triggered by broader market pullbacks.
By September 5, the week-over-week decline had narrowed to about 3.8%, with ETH trading near $4,322. ETF outflows and seasonal weakness contributed to this trend.
While no major hard fork occurred last week, Ethereum is actively preparing for the upcoming Fusaka upgrade, scheduled for early November 2025. This upgrade will bundle 11 infrastructure-focused EIPs that enhance scalability, node efficiency, and protocol resilience—without changing smart contract behavior. It’s actively being tested on public testnets throughout September and October.
In tandem with Fusaka’s rollout, Ethereum’s largest testnet, Holešky, is being phased out shortly after the finalization of the upgrade. It will be replaced by the newer Hoodi testnet, which already supports the Pectra update and will serve as the staging ground for Fusaka.
Recovery trend: Bitcoin rallied from a low near $107k early in the week to briefly surpass $112k on September 2–3.
Current momentum: Despite a slight pullback below $110k today, analysts remain optimistic about underlying liquidity and investor interest.
ETF dynamics: Bitcoin exchange-traded funds (ETFs) continue gaining traction. With about $160 billion in AUM, these ETFs are closing in on gold ETFs (~$180B), highlighting growing institutional appetite. #CryptoNewss #bitcoin #BTC
U.S. SEC Proposes Sweeping Crypto Regulation Overhaul
The U.S. Securities and Exchange Commission released a new rulemaking agenda aimed at integrating crypto more closely with traditional financial systems. It proposes clearer guidelines for digital asset offerings, potential safe harbors, and the possibility of permitting crypto trading on national securities exchanges and alternative trading systems. The intent is to foster innovation, capital formation, and investor protection while simplifying compliance for Wall Street firms. #CryptoNewss #CryptoMarket4T
American Bitcoin Goes Public — Trump-Backed Crypto Miner Debuts Strong
American Bitcoin, associated with Eric Trump and Donald Trump Jr., launched on Nasdaq following a merger with Gryphon Digital Mining (trading under ticker “ABTC”). The stock spiked as much as 110% intraday before settling with a robust gain. The company controls 2,443 bitcoins and aims to raise $2.1 billion to expand mining and bitcoin holdings. Meanwhile, coverage noted a brief volatile peak—ABTC surged to around $13 before pulling back near $6.70 amid branding, Hut 8 partnerships, and exploration of low-cost energy sources.