Bitcoin Holds $114K, ETH Hits ATH

I. Crypto Market Overview

Key Takeaways

Macro Environment

Japan's Financial Services Agency considers a 50% tax cut on crypto profits, potentially boosting the digital asset market. RAK Properties in UAE now accepts Bitcoin, Ethereum, and USDT for real estate, integrating crypto into traditional finance. The European Securities and Markets Authority warns about tokenized stocks misleading investors, highlighting risks in digital asset ownership. Japan Post BANK plans a tokenized asset network by 2026, modernizing financial services with blockchain technology. BlackRock's iShares ETF increases investment in Metaplanet, reflecting growing institutional interest in tech sector digital assets.

Crypto Market

Regulatory clarity improves with Japan's potential tax cuts on crypto profits. Institutional adoption accelerates as Deutsche BANK increases holdings in MicroStrategy. Market volatility persists with significant Bitcoin and Ethereum ETF outflows. Smart money shifts from Bitcoin to Ethereum, indicating strategic asset reallocation. Altcoin season remains in transition, with selective outperformance in specific sectors.

This Week's Outlook

Ethena's $60.03 million TOKEN unlock may impact DEFI market dynamics. US Manufacturing ISM release provides insights into sector performance, influencing market sentiment. JOLTS job openings report could affect Fed policy and Bitcoin prices. The International Symposium on Blockchain Technology in Taiwan may highlight new applications. US Nonfarm Payrolls report release is critical for USD direction and Federal Reserve rate decisions.

Fear and Greed Index

90.00% Annual Percentile

39 Fear

Total Crypto Market Cap

$3.75T

0.17%

Total Market Trading Volume

$170.47B

41.32%

Altcoin Season Index

25.00%

Quarterly Percentile

48 / 100

Total Futures Market Open Interest

3.90B

0.42%

Futures

942.34B

1.86%

Perpetuals

II. Industry Updates

Macro-economic Policies

Japan's Financial Services Agency considers a 50% tax cut on crypto profits to attract Web3 investments, potentially boosting the digital asset market.

RAK Properties in UAE now accepts Bitcoin, Ethereum, and USDT for international real estate transactions, integrating crypto into traditional finance.

The European Securities and Markets Authority warns that tokenized stocks may mislead investors, highlighting risks in digital asset ownership.

Japan Post BANK plans a tokenized asset network by 2026, linking savings to digital tokens, modernizing financial services with blockchain technology.

BlackRock's iShares ETF increases investment in Metaplanet, reflecting growing institutional interest in tech sector digital assets.

Cryptocurrency Regulatory Trends

The European Securities and Markets Authority (ESMA) warns that tokenized stocks may mislead retail investors, highlighting risks due to lack of shareholder rights, impacting investor trust in digital assets.

Japan's Financial Services Agency considers a 50% tax cut on crypto profits to attract Web3 investments, potentially boosting the domestic digital asset market and retaining local talent.

The Hong Kong Monetary Authority has received 77 stablecoin license applications, indicating STRONG interest in regulated digital currencies, which could enhance market stability and innovation.

Japan Post BANK plans to launch a tokenized asset network by 2026, aiming to modernize financial services and attract younger customers, potentially increasing digital asset adoption.

RAK Properties in the UAE will accept cryptocurrencies for real estate transactions, reflecting growing acceptance of digital currencies in traditional markets and potentially increasing crypto usage.

Japan Post BANK (DCJPY): Japan Post BANK plans to launch DCJPY, a tokenized yen, by 2026, aiming to modernize Japan's financial infrastructure with blockchain technology.

Ethereum (ETH): Ethereum's DEFI ecosystem thrives with a $223B TVL, driven by LAYER-2 growth and institutional ETF inflows, reinforcing its DEFI leadership.

Solana (SOL): Solana's network sees a 65,000 TPS capability, attracting institutional partnerships despite decentralization concerns, boosting its DEFI and NFT adoption.

Chainlink (LINK): Chainlink secures $93B in TVS, enhancing DEFI's collateral verification with real-TIME data feeds, crucial for stablecoin and RWA markets.

Base (BASE): Coinbase's LAYER-2 blockchain Base surpasses $200B in trading volume on Uniswap, highlighting its role in scaling Ethereum's DEFI applications.

Smart Money Movements

Deutsche BANK increased its holdings in MicroStrategy by $47 million, now holding 658,725 shares valued at over $220 million, reflecting confidence in the company's Bitcoin strategy.

A Bitcoin whale sold 35,991 BTC for 886,371 ETH on Hyperliquid, totaling approximately $4.069 billion, indicating a significant shift from Bitcoin to Ethereum.

Ethereum whale faced a $31 million loss after executing stop-losses on 41,900 ETH, highlighting the risks of leveraged trading in volatile markets.

Metaplanet announced plans to acquire 210,000 BTC by 2027, aiming to become the world's second-largest Bitcoin holder, leveraging Japan's low interest rates for financing.

Bitcoin and Ethereum ETFs experienced significant outflows, with Bitcoin ETFs losing 631 BTC and Ethereum ETFs 4,319 ETH, reflecting ongoing market volatility.

Events to Watch

September 2 (Tuesday)

Ethena will unlock $60.03 million worth of ENA tokens, impacting DeFi market dynamics.

September 2 (Tuesday)

US Manufacturing ISM for August release provides insights into the sector's performance.

September 3 (Wednesday)

JOLTS job openings report for July 2025 will be released, impacting Fed policy and Bitcoin prices.

September 3 (Wednesday)

The Second International Symposium on Future Information, Communication and Blockchain Technology in Taiwan focuses on blockchain applications.

September 5 (Friday)

US Nonfarm Payrolls report release, critical for USD direction and Federal Reserve rate decisions.

Table of Contents

I. Crypto Market Overview

Key Takeaways

Macro Environment

Crypto Market

This Week's Outlook

II. Industry Updates

Macro-economic Policies

Japan's Financial Services Agency considers a 50% tax cut on crypto profits to attract Web3 investments, potentially boosting the digital asset market.

RAK Properties in UAE now accepts Bitcoin, Ethereum, and USDT for international real estate transactions, integrating crypto into traditional finance.

The European Securities and Markets Authority warns that tokenized stocks may mislead investors, highlighting risks in digital asset ownership.

Japan Post BANK plans a tokenized asset network by 2026, linking savings to digital tokens, modernizing financial services with blockchain technology.

BlackRock's iShares ETF increases investment in Metaplanet, reflecting growing institutional interest in tech sector digital assets.

Cryptocurrency Regulatory Trends

The European Securities and Markets Authority (ESMA) warns that tokenized stocks may mislead retail investors, highlighting risks due to lack of shareholder rights, impacting investor trust in digital assets.

Japan's Financial Services Agency considers a 50% tax cut on crypto profits to attract Web3 investments, potentially boosting the domestic digital asset market and retaining local talent.

The Hong Kong Monetary Authority has received 77 stablecoin license applications, indicating STRONG interest in regulated digital currencies, which could enhance market stability and innovation.

Japan Post BANK plans to launch a tokenized asset network by 2026, aiming to modernize financial services and attract younger customers, potentially increasing digital asset adoption.

RAK Properties in the UAE will accept cryptocurrencies for real estate transactions, reflecting growing acceptance of digital currencies in traditional markets and potentially increasing crypto usage.

Trending Tokens

Japan Post BANK (DCJPY): Japan Post BANK plans to launch DCJPY, a tokenized yen, by 2026, aiming to modernize Japan's financial infrastructure with blockchain technology.

Ethereum (ETH): Ethereum's DEFI ecosystem thrives with a $223B TVL, driven by LAYER-2 growth and institutional ETF inflows, reinforcing its DEFI leadership.

Solana (SOL): Solana's network sees a 65,000 TPS capability, attracting institutional partnerships despite decentralization concerns, boosting its DEFI and NFT adoption.

Chainlink (LINK): Chainlink secures $93B in TVS, enhancing DEFI's collateral verification with real-TIME data feeds, crucial for stablecoin and RWA markets.

Base (BASE): Coinbase's LAYER-2 blockchain Base surpasses $200B in trading volume on Uniswap, highlighting its role in scaling Ethereum's DEFI applications.

Smart Money Movements

Deutsche BANK increased its holdings in MicroStrategy by $47 million, now holding 658,725 shares valued at over $220 million, reflecting confidence in the company's Bitcoin strategy.

A Bitcoin whale sold 35,991 BTC for 886,371 ETH on Hyperliquid, totaling approximately $4.069 billion, indicating a significant shift from Bitcoin to Ethereum.

Ethereum whale faced a $31 million loss after executing stop-losses on 41,900 ETH, highlighting the risks of leveraged trading in volatile markets.

Metaplanet announced plans to acquire 210,000 BTC by 2027, aiming to become the world's second-largest Bitcoin holder, leveraging Japan's low interest rates for financing.

Bitcoin and Ethereum ETFs experienced significant outflows, with Bitcoin ETFs losing 631 BTC and Ethereum ETFs 4,319 ETH, reflecting ongoing market volatility.

Events to Watch

September 2 (Tuesday)

September 2 (Tuesday)

September 3 (Wednesday)

September 3 (Wednesday)

September 5 (Friday)

III. Phemex Market Focus

New Listings

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