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<h1>U.S. Inflation Data Triggers Crypto Market Pullback&nbsp;</h1>Market Highlights<ul><li>PCE Data Weighs on Risk Assets: Friday’s U.S. PCE report showed core inflation at 2.9% in July—inline with forecasts but higher than June—triggering a sell-off across equities and crypto.</li><li>BTC Marks First Monthly Loss in Five Months: BTC fell -4.47% on the week and -6.51% in August, posting its first negative month since March.</li><li>ETH Rejects From All-Time Highs: ETH dropped -8.07% after failing to hold its all-time high breakout, though it still closed August up +18.81%.</li><li>Altcoins Under Pressure: Large-cap tokens traded broadly lower, with DOGE, XRP and ADA leading declines.</li><li>CRO Soars on Trump Media Treasury Deal: CRO jumped +86.79% after Trump Media &amp; Technology Group announced a US$6.4 billion partnership with Crypto.com.</li></ul><h2>Market Overview</h2>Crypto markets pulled back this week, with both Bitcoin (BTC) and Ethereum (ETH) retreating from recent highs while altcoins extended their declines.The weakness followed Friday’s U.S. personal consumption expenditures (PCE) index, which <a href="https://decrypt.co/337344/crypto-liquidations-top-500-million-bitcoin-ethereum-xrp-sink-weekend" rel="noopener noreferrer" target="_blank">showed</a> core inflation running at 2.9% in July, inline with expectations but higher than June. The data weighed on risk assets broadly, with the S&amp;P 500 closing down -0.6% and the Nasdaq down -0.9%. Crypto traded in step with equities, as the total market cap <a href="https://www.tradingview.com/chart/tjYzZCN4/?symbol=CRYPTOCAP%3ATOTAL" rel="noopener noreferrer" target="_blank">slipped</a> more than -4% in the aftermath of the release.Looking ahead, seasonality remains a potential headwind. September has historically been one of the weakest months for BTC, and with macro pressures still in play, market participants remain cautious that further downside could unfold in the weeks ahead.<h2>Bitcoin (BTC)</h2>

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<a href="https://coinstash.com.au/btc/buy" rel="noopener noreferrer" target="_blank">BTC</a> extended its losing streak, slipping -4.47% over the past seven days to mark a third consecutive week of declines. The move leaves BTC trading near US$107K, with price action consolidating after recent volatility. August closed with a -6.51% monthly decline, BTC’s first negative month since March.ETF Inflows:&nbsp;U.S. spot Bitcoin ETFs attracted US$440.7 million of inflows across the week, with Friday the only session to record net outflows, according to <a href="https://sosovalue.com/assets/etf/us-btc-spot" rel="noopener noreferrer" target="_blank">SoSoValue</a>. Despite this, August flows finished negative overall, with ETFs posting net outflows of -US$751 million, underscoring waning investor conviction following July’s strong inflows.Corporate Treasury Demand:&nbsp;Amsterdam Bitcoin Treasury Strategy (AMBTS), established by Dutch crypto-asset service provider Amdax, has <a href="https://www.coindesk.com/markets/2025/08/29/ambts-raises-usd23-2m-to-build-bitcoin-treasury-targets-1-of-btc-in-circulation" rel="noopener noreferrer" target="_blank">raised</a> US$23.2 million in its initial financing round. The funding, secured through private placements, will seed the company’s bitcoin accumulation strategy. The round, capped at US$34.8 million, is expected to close in September 2025.&nbsp;Strategy CEO Michael Saylor once again hinted at potential additional Bitcoin purchases. Overnight, he shared a chart visualising the company’s BTC accumulation over time. The <a href="https://x.com/saylor/status/1962118072837267580" rel="noopener noreferrer" target="_blank">post</a>, captioned “Bitcoin is still on sale,” is part of a pattern of messages from Saylor that have often preceded announcements of fresh BTC acquisitions.<h2>Ethereum (ETH)</h2>

It was a week of sharp reversal for <a href="https://coinstash.com.au/eth/buy" rel="noopener noreferrer" target="_blank">ETH</a>, which rejected firmly off fresh all-time highs. After coming within a whisker of US$5,000 the prior week, ETH pulled back to test key support around US$4,300, closing the week down -8.07%. Despite the correction, ETH still closed August with a monthly gain of +18.81%, underscoring the strength of its broader uptrend.ETF Flows:&nbsp;Price weakness did little to deter institutional demand. Spot ETH ETFs recorded over US$1.08 billion of inflows during the week, with Friday marking the only day of net outflows, according to <a href="https://sosovalue.com/assets/etf/us-eth-spot" rel="noopener noreferrer" target="_blank">SoSoValue</a>. For August, ETH ETFs attracted nearly US$3.9 billion in total inflows, highlighting persistent institutional investor appetite.Corporate Treasury Demand:&nbsp;On the corporate side, SharpLink Gaming (SBET) <a href="https://www.coindesk.com/business/2025/08/26/joe-lubin-s-sharplink-boosts-eth-holdings-to-nearly-800k-raised-usd361m-in-fresh-capital" rel="noopener noreferrer" target="_blank">disclosed</a> the addition of 56,533 ETH to its balance sheet, bringing total holdings to approximately US$3.6 billion. The firm raised US$360.9 million in net proceeds last week and still retains US$200 million in cash, signalling potential for further ETH acquisitions.&nbsp;<h2>Altcoins</h2>Large-cap altcoins retreated across the board this week, with all majors posting losses. <a href="https://coinstash.com.au/bnb/buy" rel="noopener noreferrer" target="_blank">Binance Token (BNB)</a> held up best, slipping -2.14%, followed by <a href="https://coinstash.com.au/sol/buy" rel="noopener noreferrer" target="_blank">Solana (SOL)</a> at -2.60%. <a href="https://coinstash.com.au/trx/buy" rel="noopener noreferrer" target="_blank">Tron (TRX)</a> declined -5.82%, ending its nine-week winning streak, while <a href="https://coinstash.com.au/doge/buy" rel="noopener noreferrer" target="_blank">Dogecoin (DOGE)</a> and <a href="https://coinstash.com.au/xrp/buy" rel="noopener noreferrer" target="_blank">XRP (XRP)</a> dropped -7.81% and -8.23% respectively. <a href="https://coinstash.com.au/ada/buy" rel="noopener noreferrer" target="_blank">Cardano (ADA)</a> was the weakest performer, sliding -10.70% and extending its recent downtrend,<h3>Biggest Gainers:</h3><ul><li>Cronos (CRO) +86.79%: <a href="https://coinstash.com.au/cro/buy" rel="noopener noreferrer" target="_blank">CRO</a> soared after Trump Media &amp; Technology Group <a href="https://decrypt.co/336876/trump-media-crypto-com-reveal-6-4-billion-cronos-treasury-plan" rel="noopener noreferrer" target="_blank">announced</a> a partnership with Crypto.com, revealing plans to acquire US$6.4 billion worth of CRO tokens to establish a large-scale crypto treasury.</li><li>Pyth Network (PYTH) +48.91%: <a href="https://coinstash.com.au/pyth/buy" rel="noopener noreferrer" target="_blank">PYTH</a> rallied after being <a href="https://www.pyth.network/blog/pyth-network-selected-by-u-s-department-of-commerce-to-verify-and-distribute-economic-data-onchain" rel="noopener noreferrer" target="_blank">selected</a> by the U.S. Department of Commerce to provide on-chain verification and distribution of official economic data, including GDP figures.</li><li>Story (IP) +26.55%: <a href="https://coinstash.com.au/ip/buy" rel="noopener noreferrer" target="_blank">IP</a> surged after the Story Foundation <a href="https://x.com/StoryProtocol/status/1961830159926854029" rel="noopener noreferrer" target="_blank">revealed</a> a US$2.98 million token purchase as part of its ongoing US$82 million buyback programme running through mid-November.</li></ul><h3>Biggest Losers:</h3><ul><li>Huobi (HT) -38.15%: <a href="https://coinstash.com.au/ht/buy" rel="noopener noreferrer" target="_blank">HT</a> slumped after traders locked in gains from last week’s pump, triggering a steep correction.</li><li>Bio Protocol (BIO) -36.41%: <a href="https://coinstash.com.au/bio0/buy" rel="noopener noreferrer" target="_blank">BIO</a> dropped as whales and traders took profits following last week’s Aubrai Ignition Sale, reversing its pre-launch momentum.</li><li>CHEX Token (CHEX) -31.07%: <a href="https://coinstash.com.au/chex/buy" rel="noopener noreferrer" target="_blank">CHEX</a> plunged amid rumours suggesting millions of tokens were moved from team wallets to exchanges, fuelling concerns of insider selling.</li></ul><h2>ICYMI - The Week in Crypto News</h2>Here are a few key stories you may have missed:<ul><li>US$2.5B+ in Solana DATs Announced: A wave of Solana Digital Asset Treasuries (DATs) are incoming, with Sharps Technology <a href="https://x.com/stsssol/status/1959994085844066694" rel="noopener noreferrer" target="_blank">raising</a> US$400 million, Pantera Capital <a href="https://cryptonews.com.au/news/pantera-capital-targets-1-25b-raise-for-worlds-largest-solana-treasury-130556/" rel="noopener noreferrer" target="_blank">reportedly</a> planning a US$1.25 billion bid to acquire and rebrand a Nasdaq-listed company into “Solana Co.”, a publicly traded vehicle focused on holding SOL; and a Galaxy–Multicoin–Jump consortium <a href="https://www.techinasia.com/news/crypto-giants-said-to-plan-1b-solana-treasury-deal-by-september" rel="noopener noreferrer" target="_blank">preparing</a> a separate US$1 billion SOL treasury initiative.</li><li>B Strategy to Launch US$1B BNB Treasury Company: Digital asset firm B Strategy, with backing from YZi Labs (formerly Binance Labs), announced plans to <a href="https://finance.yahoo.com/news/b-strategy-unveils-plans-binance-150057252.html" rel="noopener noreferrer" target="_blank">launch</a> a US$1 billion BNB Treasury company listed in the U.S.</li><li>Trump Media Reveal US6.4B CRO Treasury Deal: Trump Media &amp; Technology Group (DJT) <a href="https://decrypt.co/336876/trump-media-crypto-com-reveal-6-4-billion-cronos-treasury-plan" rel="noopener noreferrer" target="_blank">announced</a> a joint venture with Crypto.com to invest in CRO tokens as a treasury asset and pursue a public listing via a SPAC merger.</li><li>UAE Revealed as 4th Largest Government BTC Holder: Arkham Intelligence <a href="https://coincentral.com/uae-btc-treasury-hits-740m-ranking-4th-among-global-holders/" rel="noopener noreferrer" target="_blank">identified</a> wallets tied to the UAE government holding 6,300 BTC (worth ~US$740 million), ranking it among the top sovereign Bitcoin holders.</li><li>Bitwise Files for Chainlink (LINK) ETF: Bitwise has <a href="https://cointelegraph.com/news/bitwise-first-in-line-to-file-for-spot-chainlink-etf" rel="noopener noreferrer" target="_blank">filed</a> to launch a spot ETF tracking Chainlink’s native token LINK, reflecting rising institutional interest in oracle networks.</li><li>US Department of Commerce Publishes GDP Data Onchain: In a world-first, the U.S. Commerce Department has <a href="https://www.globalgovernmentfintech.com/department-of-commerce-usa-gdp-data-public-blockchains/" rel="noopener noreferrer" target="_blank">uploaded</a> GDP figures to nine blockchains through partnerships with <a href="https://blog.chain.link/united-states-department-of-commerce-macroeconomic-data/" rel="noopener noreferrer" target="_blank">Chainlink</a> and <a href="https://www.pyth.network/blog/pyth-network-selected-by-u-s-department-of-commerce-to-verify-and-distribute-economic-data-onchain" rel="noopener noreferrer" target="_blank">Pyth Network</a>, enabling real-time macroeconomic data access across the DeFi ecosystem.</li><li>Sonic Passes Proposal to Establish U.S. Entity: Sonic’s community <a href="https://snapshot.box/#/s:info.sonic/proposal/0x489f1583b2db1e6e752404626283249223a1dbfb7337f4fb7dbaf28b1da1b759" rel="noopener noreferrer" target="_blank">approved</a> a proposal to create a U.S.-based entity and launch a $S ETF, marking a key step toward U.S. market expansion.</li><li>Pudgy Penguins Game 'Pudgy Party' Launches on iOS and Android: NFT brand Pudgy Penguins, in collaboration with Mythical Games, has <a href="https://decrypt.co/337273/pudgy-penguins-game-pudgy-party-launches-on-ios-and-android" rel="noopener noreferrer" target="_blank">launched</a> Pudgy Party—a multiplayer mobile game now available globally on both Android and iOS.</li></ul><h2>Looking Forward - The Week Ahead</h2>Key upcoming events to watch:<ul><li>Starknet Upgrade (1 September): Starknet v0.14.0 will <a href="https://docs.starknet.io/learn/cheatsheets/version-notes" rel="noopener noreferrer" target="_blank">go live</a> on mainnet, introducing decentralised sequencing to the network.</li><li>Ondo Finance Tokenised Stocks (3 September): Ondo is <a href="https://x.com/OndoFinance/status/1958949354825273774" rel="noopener noreferrer" target="_blank">expected</a> to launch tokenised stock offerings, bridging traditional equity markets with blockchain-based assets.</li><li>U.S. Nonfarm Payrolls Data (5 September): Crucial labour market data will be <a href="https://www.bls.gov/news.release/empsit.nr0.htm" rel="noopener noreferrer" target="_blank">released</a>. Market participants will watch closely for signs of economic strength or weakness ahead of the next Fed meeting.</li><li>Token Unlocks (1–7 September): Over US$41 million in token unlocks are <a href="https://tokenomist.ai/" rel="noopener noreferrer" target="_blank">scheduled</a> this week, including Ethena (ENA) at US$26.39 million (0.64% of circulating supply), IOTA at US$2.88 million (0.42% of circulating supply), and Immutable (IMX) at US$12.55 million (1.27% of circulating supply).</li></ul> Thanks for reading this week’s Market Pulse. We’ll be back next week with more insights from the crypto markets!

Disclaimer: This article and its contents are intended for informational purposes only, and do not constitute financial, investment, trading or any other advice from TWMT Pty Ltd, trading as Coinstash AU ("Coinstash"). Coinstash is not a licensed financial advisor and does not provide financial advice. You should not make any decision, financial, investment, trading or otherwise, based on any of the information presented in this webinar or relevant materials without undertaking independent due diligence and consultation with a professional financial adviser. The information presented in this article may be inaccurate and no representations are made as to its truthfulness or accuracy. The views and opinions expressed in the quoted material are those of the original authors and do not necessarily reflect the views of Coinstash. All quotes have been used for informational purposes and have been attributed to their respective sources to the best of our ability. You understand that you are using any and all information available in or through this webinar or relevant materials at your own risk. Cryptocurrency is a highly volatile and risky investment. You should consider seeking financial, legal, tax or other professional advice to check how the information relates to your unique circumstances. Coinstash shall not be held responsible or liable for any losses, whether due to negligence or otherwise, stemming from the use of, or reliance upon, the information provided directly or indirectly in this article.﻿

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Weekly Market Pulse - September 1, 2025

Weekly Market Pulse - 01/09/25

<h1>ETH Breaks All-Time High as Fed Signals Possible Rate Cuts</h1><h2>Market Highlights</h2><ul><li>Powell’s Dovish Surprise Boosts Markets: Fed Chair Jerome Powell signalled potential rate cuts as early as September, sparking a broad rebound across risk assets.</li><li>ETH Breaks All-Time High: ETH surged to a new USD record of US$4,957 over the weekend, closing the week up +6.80% and marking its third consecutive week of gains.</li><li>Spot ETH ETFs See First Weekly Outflows Since May: U.S. spot ETH ETFs recorded net outflows of –US$237 million, ending a months-long streak of inflows despite ETH’s price rally.</li><li>BNB Hits New All-Time High: BNB led large caps this week, climbing to US$900 for the first time and continuing its rally into price discovery.</li></ul><h2>Market Overview</h2>There is rarely a quiet week in crypto, and this one was no exception.Markets pulled back early in the week as investors positioned cautiously ahead of the Federal Reserve’s Jackson Hole symposium. However, sentiment shifted dramatically on Friday, when Fed Chair Jerome Powell struck a surprisingly dovish tone, opening the door to interest rate cuts as early as September.The remarks triggered an immediate rebound across risk assets, with the total crypto market cap climbing back above US$4 trillion. Ethereum (ETH) led the charge, breaking through its USD all-time high over the weekend, while large-cap altcoins such as Solana (SOL) and BNB (BNB) also rallied sharply.<h2>Bitcoin (BTC)</h2><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXdul9Nqpev_M1QuRljtcPqXBGCJ2xp6a_c3I3OjP_fmvWuC23a5jCwO6FpS4RJLwLFpNcRZ6IUJQ0G_V3017ivxyJoZzv8QOAB2ms7PRMlRnYWncaFlpcmjTrw8Dox9yBZaIw8g?key=85fvr1Pb3K8S6p7EpYLZsQ"><a href="https://coinstash.com.au/btc/buy" rel="noopener noreferrer" target="_blank">BTC</a> underperformed this week, falling –3.55% as capital rotated toward ETH and other altcoins. A brief rebound on Friday, following Powell’s dovish comments, quickly faded as selling pressure returned over the weekend. The decline was exacerbated by a long-dormant whale who offloaded 24,000 BTC (worth over US$2.7 billion) and <a href="https://thedefiant.io/news/markets/whale-dump-sends-bitcoin-to-110671-erases-3-billion-open-interest-0c898063" rel="noopener noreferrer" target="_blank">reportedly</a> rotated much of it into ETH — highlighting the contrasting momentum between the two assets.ETF Inflows:&nbsp;U.S. spot Bitcoin ETFs posted their largest weekly outflows since February, with US$1.17 billion withdrawn over six consecutive trading days, according to <a href="https://sosovalue.com/assets/etf/us-btc-spot" rel="noopener noreferrer" target="_blank">SoSoValue</a>.Corporate Treasury Demand:&nbsp;Bitcoin treasury firm KindlyMD <a href="https://x.com/nakamoto/status/1956459093130092936" rel="noopener noreferrer" target="_blank">completed</a> a US$200 million convertible note raise, with proceeds earmarked for expanding its BTC holdings.<h2>Ethereum (ETH)</h2><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXfGsox7St8NihTMoHI_wX_cSBUfvWbSp-4D1KB-t1lMunSwamAbxwz9CW9ZV35BQ6pq0aNWnWMTtttT13G-B6X4Do6dI5UxmV9jdp7EM66H3ezTYuXlnH6cmzrXELrzSyh_pFVieg?key=85fvr1Pb3K8S6p7EpYLZsQ">It took more than four years, but <a href="https://coinstash.com.au/eth/buy" rel="noopener noreferrer" target="_blank">ETH</a> finally broke its USD all-time high this week, reaching US$4,957 over the weekend. The rally was not without volatility: ETH briefly dipped to around US$4,071 midweek before rebounding strongly on Friday after Fed Chair Jerome Powell signalled that rate cuts could arrive as soon as September. ETH ended the week up +6.80%, marking its third consecutive week of gains.ETF Flows:Despite ETH’s milestone, U.S. spot ETH ETFs recorded their first week of outflows since May, according to <a href="https://sosovalue.com/assets/etf/us-eth-spot" rel="noopener noreferrer" target="_blank">SoSoValue</a>. Investors pulled nearly US$1 billion over four consecutive days of outflows. The trend finally reversed towards the end of the week, when ETFs saw US$628.7 million in inflows, but overall net flows for the week still closed at –US$237 million.Corporate Treasury Demand:Tom Lee’s investment firm BitMine <a href="https://coincentral.com/bitmine-buys-45m-in-ethereum-while-sitting-on-1-9b-in-unrealized-gains/" rel="noopener noreferrer" target="_blank">added</a> US$45 million worth of Ethereum, increasing its holdings to roughly 1.518 million ETH, valued at around US$7.19 billion. This cements BitMine’s position as the largest corporate holder of Ethereum globally.<h2>Altcoins</h2>Large-cap altcoins delivered a mixed performance this week. <a href="https://coinstash.com.au/sol/buy" rel="noopener noreferrer" target="_blank">Solana (SOL)</a> led with a +7.85% gain, extending its strong momentum in recent weeks. <a href="https://coinstash.com.au/bnb/buy" rel="noopener noreferrer" target="_blank">Binance Token (BNB)</a> climbed +2.45% to set a new all-time high of over US$900, continuing its surge into price discovery. <a href="https://coinstash.com.au/trx/buy" rel="noopener noreferrer" target="_blank">Tron (TRX)</a> also advanced, rising +2.40% and marking its ninth consecutive week of gains, with all-time highs now within reach.In contrast, <a href="https://coinstash.com.au/ada/buy" rel="noopener noreferrer" target="_blank">Cardano (ADA)</a> fell -5.47%, giving back some of last week’s strong gains. <a href="https://coinstash.com.au/doge/buy" rel="noopener noreferrer" target="_blank">Dogecoin (DOGE)</a> and <a href="https://coinstash.com.au/xrp/buy" rel="noopener noreferrer" target="_blank">XRP (XRP)</a> also edged lower, slipping -1.22% and -2.09% respectively.<h3>Biggest Gainers:</h3><ul><li>Memecoin (MEME) +100.25%: <a href="https://coinstash.com.au/meme2/buy" rel="noopener noreferrer" target="_blank">MEME</a> more than doubled, fuelled by a sharp spike in trading volume exceeding US$333 million in 24 hours. Whale accumulation hints at speculation around potential upcoming developments.</li><li>Bio Protocol (BIO): +81.18%: <a href="https://coinstash.com.au/bio0/buy" rel="noopener noreferrer" target="_blank">BIO</a> rallied strongly ahead of the <a href="https://x.com/BioProtocol/status/1958898560071868872" rel="noopener noreferrer" target="_blank">launch</a> of Aubrai, its first AI-powered decentralised science agent. Built in partnership with VitaDAO, the release has sparked strong interest from the DeSci community and investors.</li><li>OKB (OKB) +71.22%: <a href="https://coinstash.com.au/okb/buy" rel="noopener noreferrer" target="_blank">OKB</a> extended its rally following last week’s massive <a href="https://coincentral.com/okx-burns-26b-in-okb-tokens-capping-supply-at-21m-price-soars-193/" rel="noopener noreferrer" target="_blank">token burn</a>, which permanently removed over 279 million tokens (worth ~US$26 billion) from circulation. The resulting supply shock continues to drive bullish momentum.</li></ul><h3>Biggest Losers:</h3><ul><li>Venice (VVV) -21.25%: After ranking among last week’s top gainers, <a href="https://coinstash.com.au/vvv/buy" rel="noopener noreferrer" target="_blank">VVV</a> retraced as the much-anticipated Venice upgrade proved to be a classic “sell the news” event, with traders taking profits post-launch.</li><li>Pump.fun (PUMP) -20.08%: <a href="https://coinstash.com.au/pump3/buy" rel="noopener noreferrer" target="_blank">PUMP’s</a> fell sharply after the project transferred 2.5 billion tokens (worth over US$9 million) to exchanges. The move sparked panic among holders, fuelling concerns that the team was offloading tokens despite previously announcing a buyback programme.&nbsp;</li></ul><h2>ICYMI - The Week in Crypto News</h2>Here are a few key stories you may have missed:<ul><li>MetaMask Unveils mUSD Stablecoin: MetaMask announced the <a href="https://decrypt.co/336147/metamask-unveils-musd-stablecoin-ethereum-linea-teases-debit-functionality" rel="noopener noreferrer" target="_blank">launch</a> of mUSD, a dollar-backed stablecoin issued by Stripe subsidiary Bridge. It will be integrated into MetaMask's ecosystem, launching first on Ethereum and Linea, and available via its Mastercard-powered debit card.</li><li>VanEck Files for JitoSOL ETF: VanEck has <a href="https://x.com/ThomasUhm/status/1958930030232318210" rel="noopener noreferrer" target="_blank">applied</a> to the U.S. SEC for a JitoSOL ETF, which would track the performance of Solana’s liquid staking token JitoSOL, offering staking exposure without locking assets.</li><li>KindlyMD Closes US$200M Raise to Buy More Bitcoin: Bitcoin treasury firm KindlyMD has <a href="https://x.com/nakamoto/status/1956459093130092936" rel="noopener noreferrer" target="_blank">raised</a> US$200 million via a convertible note offering to expand its BTC holdings.</li><li>Ripple and SBI Plan RLUSD Stablecoin Launch in Japan: Ripple and SBI Holdings will <a href="https://decrypt.co/336380/ripple-sbi-to-launch-rlusd-stablecoin-japan-early-2026" rel="noopener noreferrer" target="_blank">launch</a> the RLUSD stablecoin in early 2026, capitalising on Japan’s new stablecoin laws to introduce foreign issuers into the market.</li><li>Sonic Labs Proposes $150M Token Issuance for U.S. Expansion: Sonic Labs has <a href="https://x.com/SonicLabs/status/1958147376910389742" rel="noopener noreferrer" target="_blank">introduced</a> a governance proposal seeking approval for a $150 million token issuance to support its entry into U.S. capital markets. Plans include forming Sonic USA LLC, launching a $S ETF, and pursuing a Nasdaq PIPE listing.&nbsp;</li><li>LayerZero Acquires Stargate Finance for $120M: Cross-chain messaging protocol LayerZero has <a href="https://www.tradingview.com/news/coinmarketcal:f680c4340094b:0-layerzero-zro-stargate-finance-stg-zro-acquires-stg-24-aug-2025/" rel="noopener noreferrer" target="_blank">acquired</a> multichain bridge Stargate Finance in a $120 million deal paid in ZRO tokens. The Stargate DAO approved the merger with 94% support. ZRO will become the unified token for both protocols.</li><li>Kanye West’s YZY Token Debuts on Solana: Kanye West <a href="https://decrypt.co/336179/kanye-west-launches-yzy-token-solana-frenzied-debut" rel="noopener noreferrer" target="_blank">launched</a> the YZY token via his official X account as part of a broader “YZY Money” payments initiative. The token briefly surged to a multibillion-dollar valuation before pulling back sharply.</li><li>Wyoming Launches State-Backed Stablecoin: Wyoming has officially <a href="https://www.coindesk.com/business/2025/08/19/wyoming-state-debuts-u-s-dollar-stablecoin-on-seven-blockchains" rel="noopener noreferrer" target="_blank">launched</a> the Frontier Stable Token (FRNT), the first fully reserved stablecoin issued by a U.S. public entity.&nbsp;</li></ul><h2>Looking Forward - The Week Ahead</h2>Key upcoming events to watch:<ul><li>WebX 2025 (25–26 August): Asia’s largest Web3 conference <a href="https://webx-asia.com/" rel="noopener noreferrer" target="_blank">continues</a> in Tokyo this week. Watch for new partnerships and adoption updates across the region.</li><li>JUP Token Unlock (28 August): Approximately US$28.05 million worth of JUP tokens (1.78% of circulating supply) will be <a href="https://tokenomist.ai/" rel="noopener noreferrer" target="_blank">unlocked</a>. The release may create short-term sell pressure.</li><li>Sonic Proposal Ends (31 August): Community voting <a href="https://x.com/SonicLabs/status/1958147376910389742" rel="noopener noreferrer" target="_blank">concludes</a> on whether to establish a US-based entity and launch a S ETF. If passed, it could signal a push towards institutional legitimacy and broader access.</li><li>SUI Token Unlock (1 September): Approximately US$163.22 million in SUI tokens (1.25% of circulating supply) is set to be <a href="https://tokenomist.ai/" rel="noopener noreferrer" target="_blank">unlocked</a>. The event may weigh on price if market demand fails to absorb the new supply.</li><li>HeyAnon Protocol Upgrade (Date TBC): Founder Daniele Sesta <a href="https://x.com/danielesesta/status/1958838227017617788" rel="noopener noreferrer" target="_blank">confirmed</a> HeyAnon 1.0 will launch this week. It’s the protocol’s biggest upgrade yet, with limited details but high expectations.</li><li>EtherFi Perps Launch (Date TBC): EtherFi is anticipated to launch perpetual contracts powered by Hyperliquid this week, expanding its DeFi offering with leveraged trading functionality.</li></ul> Thanks for reading this week’s Market Pulse. We’ll be back next week with more insights from the crypto markets!

Weekly Market Pulse - August 25, 2025

Weekly Market Pulse - 25/08/25

<h1>Bitcoin Hits Record High Before Inflation Data Triggers Pullback</h1><h2>Market Highlights</h2><ul><li>Bitcoin Sets New All-Time High Before Inflation Shock: BTC climbed to US$124,533 midweek, but hotter-than-expected US PPI data triggered a pullback and left it down on the week.</li><li>Ethereum Extends Outperformance: ETH rallied to US$4,775, briefly setting a new AUD record, and closed the week up +5.29% despite macro headwinds.</li><li>ETF Flows Favour ETH Over BTC Again: Spot ETH ETFs attracted US$2.25 billion in net inflows, more than quadrupling BTC’s US$547 million, marking a third straight week of dominance.</li><li>ADA Surges on Grayscale ETF Plans: ADA jumped nearly 20% to a five-month high after Grayscale revealed plans for a spot ADA ETF, boosting institutional interest.</li><li>OKB Skyrockets on Historic Token Burn: OKX permanently removed more than 279 million OKB (worth US$26 billion), cutting supply nearly in half and driving a 152% weekly gain</li></ul><h2>Market Overview</h2>Crypto markets delivered a rollercoaster week, marked by record highs, sharp reversals, and renewed macro headwinds. Bitcoin (BTC) climbed to a fresh all-time high of US$124,533 on Wednesday, while Ethereum (ETH) came within touching distance of its own record, briefly setting a new peak in AUD terms.However, momentum stalled abruptly on Thursday after US Producer Price Index (PPI) data came in far hotter than expected. Producer prices rose 0.9% in July, the largest monthly increase since May 2022 and well above forecasts of 0.2%. The result reduced hopes of near-term rate cuts and triggered a pullback across risk assets.The week highlighted the delicate balance in crypto markets, with powerful structural drivers such as rising ETF inflows and corporate treasury accumulation competing against persistent macroeconomic pressures from sticky inflation and shifting interest rate expectations.<h2>Bitcoin (BTC)</h2><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXc53aOxMnnYt1C9Sla7Sbko-xqojT-9hZ60lLkdf3o0GqNqUNQPgKrPJPK-EGtinUKRCH-y_TeE0BEtdpcjIdb_BipBCjK0k6DBGYOcv8iaF9_xdfL23NDnCLKs2DdWsER__c9fOw?key=85fvr1Pb3K8S6p7EpYLZsQ">It was a volatile week for <a href="https://coinstash.com.au/btc/buy" rel="noopener noreferrer" target="_blank">Bitcoin (BTC)</a>. After a choppy start, a midweek rally on Wednesday pushed BTC past its July record to set a new all-time high of US$124,533. However, the move was short-lived as hotter-than-expected PPI data on Thursday triggered a broad risk-off reaction. Despite setting a new record, BTC ended the week down –1.30% as traders digested the inflation surprise and <a href="https://www.bloomberg.com/news/newsletters/2025-08-14/bessent-says-no-but-maybe-later-to-fresh-bitcoin-buying" rel="noopener noreferrer" target="_blank">comments</a> from US Treasury Secretary Scott Bessent, who ruled out near-term government purchases to expand America’s strategic Bitcoin reserve.ETF Inflows:&nbsp;US spot Bitcoin ETFs recorded strong activity, doubling last week’s inflows with more than US$547 million in net inflows, according to <a href="https://sosovalue.com/assets/etf/us-btc-spot" rel="noopener noreferrer" target="_blank">SoSoValue</a>. The four-day run of inflows helped lift Bitcoin’s price toward new highs, though Friday’s outflows weighed on momentum and added to the pullback.Corporate Treasury Demand:&nbsp;Healthcare company KindlyMD completed its <a href="https://nakamoto.com/update/kindlymd-completes-merger-with-nakamoto-to-establish-bitcoin-treasury" rel="noopener noreferrer" target="_blank">merger</a> with Nakamoto Holdings to launch NAKA, an institutional-grade Bitcoin treasury vehicle. Backed by US$540 million in PIPE financing and a pending US$200 million convertible note, NAKA has set an ambitious target of accumulating up to 1 million BTC.<h2>Ethereum (ETH)</h2><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXcPHkOqCzZ6Ap-RBnOYuZLQoB0OoEnVMgHl6ZqnFOiqz9fpND1pCSuGezG76g_NmxlQZ_h3dp72JywHatpqZwtQGTJW6vz7L-jktneD0-DuM7WK4xKdNDodrQdkdcVHhIc2Hkn6UQ?key=85fvr1Pb3K8S6p7EpYLZsQ"><a href="https://coinstash.com.au/eth/buy" rel="noopener noreferrer" target="_blank">Ethereum (ETH)</a> came within touching distance of its USD all-time high this week. A midweek surge on Wednesday lifted ETH to US$4,775, briefly setting a new AUD record at AU$7,286. However, momentum faded after Thursday’s PPI data halted risk appetite, and ETH retraced in the days that followed. Even so, it closed the week up +5.29%, extending its recent streak of outperforming Bitcoin.Notably, the rally coincides with unprecedented unstaking demand. Ethereum’s validator exit queue <a href="https://www.validatorqueue.com/" rel="noopener noreferrer" target="_blank">climbed</a> to 855,158 ETH (around US$3.7 billion) last week, raising concerns about potential sell pressure as stakers prepare to exit. With this dynamic unfolding alongside strong ETF inflows and growing institutional demand, the week ahead could prove pivotal for ETH’s momentum.ETF Inflows:&nbsp;US spot ETH ETFs continued to outpace BTC products for a third consecutive week, recording US$2.25 billion in net inflows, according to <a href="https://sosovalue.com/assets/etf/us-eth-spot" rel="noopener noreferrer" target="_blank">SoSoValue</a>. The strong demand helped push Ethereum’s price higher and reinforced its recent outperformance against Bitcoin.Corporate Treasury Demand:&nbsp;Institutional demand for ETH continues to accelerate. BitMine Immersion Technology <a href="https://cointelegraph.com/news/ether-accumulation-heats-up-882m-in-eth-snapped-up-by-bitmine-whale" rel="noopener noreferrer" target="_blank">added</a> 106,485 ETH (worth approximately US$470.5 million) this week, lifting its total holdings to 1.29 million ETH, valued at around US$5.75 billion. Meanwhile, SharpLink Gaming <a href="https://thedefiant.io/news/blockchains/sharplink-raises-400-million-ethereum-treasury-swells-to-3-3-billion-dbc9c150" rel="noopener noreferrer" target="_blank">revealed</a> plans to raise US$400 million through a direct offering with institutional investors, with proceeds earmarked for further Ether accumulation.&nbsp;<h2>Altcoins</h2><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXdhvjCGrETNsirXHknnCZ1R_JDoj0DH4I5qsxjeEwyhwsrWK_xnXb9LgO6nyQh-X3x2U7RkBXbJYuMnLuF6U6Mb_L5cDKACmsGgGD-8k2a4QTff27hvzzhx1TqcirSm2TV3R5OktQ?key=85fvr1Pb3K8S6p7EpYLZsQ">Large-cap altcoins saw mixed results this week, with ADA and BNB leading the way while others struggled to keep pace. <a href="https://coinstash.com.au/ada/buy" rel="noopener noreferrer" target="_blank">Cardano (ADA)</a> was the standout performer, rallying +19.93% to hit a five-month high following news that Grayscale was <a href="https://www.tradingview.com/news/cryptonews:0c9c2317b094b:0-grayscale-moves-toward-spot-cardano-and-hedera-etfs-with-new-filings/" rel="noopener noreferrer" target="_blank">moving forward</a> with plans to launch a spot ADA ETF. <a href="https://coinstash.com.au/bnb/buy" rel="noopener noreferrer" target="_blank">Binance Token (BNB)</a> also extended its momentum, climbing +6.02% and continuing its surge into price discovery after breaking past its previous all-time high.Elsewhere, <a href="https://coinstash.com.au/sol/buy" rel="noopener noreferrer" target="_blank">Solana (SOL)</a> and <a href="https://coinstash.com.au/trx/buy" rel="noopener noreferrer" target="_blank">Tron (TRX)</a> recorded modest gains of +4.56% and +4.36% respectively, reflecting steady resilience despite a choppier market backdrop. By contrast, <a href="https://coinstash.com.au/doge/buy" rel="noopener noreferrer" target="_blank">Dogecoin (DOGE)</a> barely moved, edging up just +0.32%, even as reports <a href="https://www.tradingview.com/news/zycrypto:aca8661cc094b:0-crypto-giant-grayscale-officially-files-s-1-with-sec-to-list-spot-dogecoin-etf/" rel="noopener noreferrer" target="_blank">surfaced</a> that Grayscale is considering a spot DOGE ETF. <a href="https://coinstash.com.au/xrp/buy" rel="noopener noreferrer" target="_blank">XRP (XRP)</a> was the weakest among the top caps, slipping -3.10% as enthusiasm from prior weeks’ gains began to wane.<h3>Biggest Gainers:</h3><ul><li>OKB (OKB) +151.99%: <a href="https://coinstash.com.au/okb/buy" rel="noopener noreferrer" target="_blank">OKB</a> skyrocketed after OKX <a href="https://coincentral.com/okx-burns-26b-in-okb-tokens-capping-supply-at-21m-price-soars-193/" rel="noopener noreferrer" target="_blank">executed</a> a record-breaking token burn, permanently removing more than 279 million OKB (worth approximately US$26 billion) from circulation. The move cut total supply by nearly half to around 21 million tokens, creating a powerful supply shock.</li><li>Skale (SKL) +75.80%: <a href="https://coinstash.com.au/skl/buy" rel="noopener noreferrer" target="_blank">SKL</a> rallied strongly following the <a href="https://x.com/SkaleNetwork/status/1955331768979955885" rel="noopener noreferrer" target="_blank">launch</a> of ‘It Remains’, a transmedia storytelling project built on the Skale Network. Combining novels, AR/VR games, NFTs, and DAO governance, the initiative highlighted Skale’s scaling capabilities for Ethereum-based applications and drove renewed adoption interest.</li><li>Chintai (CHEX) +52.75%: <a href="https://coinstash.com.au/chex/buy" rel="noopener noreferrer" target="_blank">CHEX</a> surged on speculation of a potential partnership with Chainlink. While no official confirmation has been made, the rumours were enough to fuel bullish sentiment and attract speculative flows into the token.</li><li>Venice (VVV) +32.01%: <a href="https://coinstash.com.au/vvv/buy" rel="noopener noreferrer" target="_blank">VVV</a> gained momentum after <a href="https://venice.ai/blog/7-days-to-diem" rel="noopener noreferrer" target="_blank">announcing</a> its upcoming upgrade introducing tokenised DIEM. The update is designed to enhance token utility by reducing VVV emissions and allowing stakers to mint DIEM tokens for predictable API capacity, which can also be sold on secondary markets.</li></ul><h3>Biggest Losers:</h3><ul><li>0x0 Ai (0X0) -25.54%: The AI-themed meme token dropped sharply as momentum behind the broader AI narrative continues to fade. With traders rotating out of speculative AI plays and volumes drying up, <a href="https://coinstash.com.au/0x0/buy" rel="noopener noreferrer" target="_blank">0X0</a> has struggled to retain attention, leading to sustained sell pressure.</li><li>Mog Coin (MOG) -24.18%: A favourite in recent meme rallies, <a href="https://coinstash.com.au/mog1/buy" rel="noopener noreferrer" target="_blank">MOG</a> posted another steep loss. After rallying in recent months, the token has faced persistent sell pressure, with this week’s move likely tied to fading retail interest and macro-driven de-risking.</li><li>SPX6900 (SPX) -21.71%: The parody token fell in tandem with the meme sector’s overall decline. Despite strong social engagement, <a href="https://coinstash.com.au/spx/buy" rel="noopener noreferrer" target="_blank">SPX</a> has seen declining volumes and appears to be losing traction as speculative sentiment cools.</li></ul><h2>ICYMI - The Week in Crypto News</h2>Here are a few key stories you may have missed:<ul><li>Fed Ends Crypto Oversight Program: The US Federal Reserve has <a href="https://www.reuters.com/sustainability/boards-policy-regulation/fed-scrap-program-devoted-policing-banks-crypto-fintech-activities-2025-08-15/" rel="noopener noreferrer" target="_blank">terminated</a> its special supervisory program for banks involved in crypto. This move could ease regulatory burdens for institutions offering services like custody and stablecoin issuance.</li><li>NAKA: New US$700M+ Bitcoin TreasuryCo Emerges: KindlyMD has <a href="https://nakamoto.com/update/kindlymd-completes-merger-with-nakamoto-to-establish-bitcoin-treasury" rel="noopener noreferrer" target="_blank">merged</a> with Nakamoto Holdings to form NAKA, an institutional-grade Bitcoin treasury company. Backed by US$540 million in PIPE financing and a pending US$200 million convertible note, NAKA aims to acquire up to 1 million BTC.</li><li>Circle to Launch Arc: A New Layer-1 Blockchain: Circle <a href="https://www.businesswire.com/news/home/20250812836620/en/Circle-Reports-Second-Quarter-2025-Results" rel="noopener noreferrer" target="_blank">announced</a> plans to launch Arc, a stablecoin-focused, EVM-compatible Layer-1 blockchain designed for enterprise-grade financial applications including payments, FX, and capital markets.</li><li>Stripe Developing Blockchain ‘Tempo’ with Paradigm: Stripe is <a href="https://www.coindesk.com/business/2025/08/12/stripe-building-payments-blockchain-tempo-with-paradigm-fortune" rel="noopener noreferrer" target="_blank">reportedly</a> building a new payments-focused blockchain, Tempo, in partnership with crypto venture firm Paradigm, marking its most ambitious move into Web3 to date.</li><li>MetaMask Stablecoin Proposal Surfaces Then Disappears: An Aave governance proposal <a href="https://decrypt.co/335090/metamask-unveil-plans-new-stablecoin-mmusd" rel="noopener noreferrer" target="_blank">revealed</a> plans for MetaMask to launch a stablecoin called mmUSD, with Stripe integration. The proposal was quickly deleted, leaving speculation about its status.</li><li>Thiel-Backed ETHZilla Revealed in SEC Filing: A recent SEC <a href="https://www.sec.gov/Archives/edgar/data/1690080/000141588925021455/xslSCHEDULE_13G_X01/primary_doc.xml" rel="noopener noreferrer" target="_blank">filing</a> revealed that Peter Thiel has acquired a 7.5% stake in 180 Life Sciences, a biotech firm rebranding to “ETHZilla” and pivoting to Ethereum accumulation. The company plans to raise US$425 million via a PIPE offering to build a significant ETH treasury.</li><li>LayerZero Proposes US$110M Stargate Acquisition: The LayerZero Foundation has <a href="https://stargate.discourse.group/t/layerzero-foundation-acquisition-of-stargate-stg/682" rel="noopener noreferrer" target="_blank">offered</a> to acquire cross-chain liquidity protocol Stargate for US$110 million. The deal would involve swapping Stargate’s STG tokens for LayerZero’s ZRO token.</li></ul><h2>Looking Forward - The Week Ahead</h2>Key upcoming events to watch:<ul><li>FOMC July Meeting Minutes (20 August): The US Federal Reserve will <a href="https://www.federalreserve.gov/monetarypolicy/fomccalendars.htm" rel="noopener noreferrer" target="_blank">release</a> minutes from its July meeting, offering insights into interest rate policy and economic outlook. Any shift in tone may influence crypto markets via liquidity and risk sentiment.</li><li>Brazil Bitcoin Reserve Hearing (20 August): Brazil’s House of Representatives will <a href="https://cointelegraph.com/news/brazil-lower-house-hold-hearing-national-bitcoin-reserve" rel="noopener noreferrer" target="_blank">debate</a> a bill proposing the establishment of a national Bitcoin reserve, potentially signalling growing institutional interest in BTC.</li><li>KAITO Token Unlock (20 August): Approximately US$25.92 million worth of KAITO tokens (8.82% of circulating supply) will be <a href="https://tokenomist.ai/" rel="noopener noreferrer" target="_blank">unlocked</a>, potentially introducing sell pressure</li><li>Venice (VVV) Protocol Upgrade (20 August): Venice.ai will <a href="https://venice.ai/blog/7-days-to-diem" rel="noopener noreferrer" target="_blank">launch</a> tokenised DIEM, enabling VVV stakers to mint DIEM tokens in exchange for guaranteed API access. DIEM will also be tradable on secondary markets, enhancing protocol utility.</li><li>Jackson Hole Economic Symposium (22 August): US Fed Chair Jerome Powell is <a href="https://www.kansascityfed.org/research/jackson-hole-economic-symposium/" rel="noopener noreferrer" target="_blank">scheduled</a> to speak at the annual Jackson Hole gathering. Markets will closely watch for clues on future monetary policy direction, with potential implications for crypto volatility.</li></ul> Thanks for reading this week’s Market Pulse. We’ll be back next week with more insights from the crypto markets!

Weekly Market Pulse - August 18, 2025

Weekly Market Pulse - 18/08/25

<h1>Coinstash Integrates with BGL to Simplify SMSF Crypto Reporting</h1>Brisbane, Australia - August 13, 2025 - Coinstash, one of Australia’s leading cryptocurrency SMSF investment platforms, has announced a new integration with BGL Corporate Solutions, the country’s leading provider of SMSF administration and compliance software.This new integration automates the flow of cryptocurrency transaction data from Coinstash to BGL’s SMSF administration solution, Simple Fund 360 and accounting, investment and tax solution, Simple Invest 360. Transaction data is automatically mapped to wallet addresses, enabling real-time asset balance syncing and eliminating the need for manual crypto data entry.“At Coinstash, we’re focused on making digital asset investing as seamless, easy, and compliant as possible for the SMSF community,” said Simon Ho, Head of SMSF Strategy at Coinstash. “Our integration with BGL’s Simple Fund 360 empowers trustees and advisers with automated data flows, simplified reporting, and greater portfolio transparency. It’s a meaningful step forward in bridging traditional SMSF workflows with the evolving world of crypto.”“We’re incredibly excited to partner with Coinstash, a platform trusted by thousands of SMSF investors,” said BGL’s Chief Executive Officer, Daniel Tramontana. “This integration simplifies digital asset administration for our clients by eliminating the need for manual crypto data entry. The integration imports all purchases, sales, deposits, and withdrawals, and automatically maps data to wallet addresses, allowing syncing of crypto asset balances. This removes manual work for accountants and advisers, streamlining digital asset reporting and improving accuracy across SMSF, company, individual, and trust portfolios.”With more than 50,000 Australians investing through Coinstash and a rapidly growing SMSF client base, the integration reflects Coinstash’s commitment to removing friction from digital asset investing while supporting accountants, advisers, and trustees with accurate, efficient reporting tools.Coinstash will also be a Platinum Sponsor of BGL REGTECH 2025, BGL’s premier accounting and technology roadshow taking place from 5 – 21 August 2025 across Australia. Attendees will have the opportunity to learn more about the integration and explore the future of accounting and crypto technology.For more information about Coinstash’s SMSF services, visit <a href="http://www.coinstash.com.au/smsf" rel="noopener noreferrer" target="_blank">www.coinstash.com.au/smsf</a> For more information and to get tickets for BGL REGTECH 2025, visit<a href="https://www.bglregtech.com" rel="noopener noreferrer" target="_blank"> www.bglregtech.com</a>.<h2>About Coinstash</h2>Founded in 2017, Coinstash is Australia’s leading cryptocurrency SMSF investment platform, helping over 50,000 Australians securely invest in crypto. With industry-leading security and a comprehensive suite of investor-focused products and services such as SMSF auditor-friendly 30 June reports and dedicated support, Coinstash is the trusted partner for SMSFs navigating the crypto market. For more information, please visit <a href="http://coinstash.com" rel="noopener noreferrer" target="_blank">coinstash.com</a>.<h2>About BGL</h2>With 35+ years of experience and ISO 270001 certification, BGL Corporate Solutions delivers innovative, multi-award winning company compliance, self-managed superannuation fund, investment management, identity verification and AI powered paper-to-data software solutions to 12,700+ businesses maintaining 1.5 million+ entities worldwide.For more information, please visit <a href="http://www.bglcorp.com" rel="noopener noreferrer" target="_blank">www.bglcorp.com</a>.<h3>About BGL REGTECH 2025</h3>BGL REGTECH 2025 is BGL’s premier annual accounting and technology roadshow taking place from 5 - 21 August 2025 in Brisbane, Gold Coast, Sydney, Adelaide, Perth, Hobart and Melbourne. For more information and to get tickets, please visit <a href="http://www.bglregtech.com" rel="noopener noreferrer" target="_blank">www.bglregtech.com</a>.<h3> </h3><h3>Media Enquiries</h3>Chris GrahamHead of Content, Coinstashchris.g@coinstash.com.au

Posts by Chris Graham

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Coinstash Integrates with BGL to Simplify SMSF Crypto Reporting

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