The crypto space never slows down. Each week brings fresh updates, new deals, and big surprises. StealthEX and CryptoDaily cut through the noise and highlight what really matters. You get a clear look at the biggest moves shaping the market. No fluff. Just the facts you need to stay informed and ready for what’s next. Ready to dive in? Let’s begin.
The price of Bitcoin hit an all-time high of $124,450 on August 14, then fell below $115,000 this week. Traders welcomed the milestone, but momentum quickly faded. Investors now wonder if the rally is running out of fuel.
Optimism in the U.S. helped fuel the surge. Last week, President Trump signed an executive order allowing Americans to allocate 401(k) retirement savings into crypto. With more than $12 trillion tied up in such accounts, many see this as a long-term boost for digital assets. Stock markets also set records, adding to bullish sentiment.
The celebration ended abruptly later in the day. Poor Producer Price Index data showed annual growth of 3.3%, far above forecasts of 2.5%. Concerns rose over September’s expected rate cut. At the same time, Treasury Secretary Bessent told Fox News the government would not add Bitcoin to its Strategic Reserve.
Hours later, he appeared to reverse course on X, saying Treasury remained committed to exploring ways to acquire Bitcoin “budget-neutrally.” The conflicting statements added to market confusion.
The price crash closed a CME gap and retested a key bull flag level. Analysts note that momentum indicators also reset, which could support another move higher if buyers return.
Japanese firm Metaplanet has increased its Bitcoin holdings once again, adding 518 BTC worth $61.4 million. The purchase, made at an average of $118,519 per coin, raises the company’s reserves to 18,113 BTC. At current prices, the stash is valued near $1.85 billion.
Metaplanet, originally a hotel operator, has transformed into a major Bitcoin accumulator since launching its treasury program in late 2024. It now ranks among the largest corporate holders, standing just behind U.S. miner Riot Platforms.
The company has been raising capital aggressively to fund purchases. Earlier this month, it announced plans to secure ¥580 billion ($3.7 billion) through a stock offering. The approach mirrors that of Michael Saylor’s Strategy, which relied on equity issuances to build a massive Bitcoin position.
Metaplanet uses a unique metric called Bitcoin Yield to measure value creation per share, adjusting for dilution. The figure has soared 468% in 2025, including a 129% rise in the second quarter alone.
The company also redeemed bonds in July using funds from exercised stock rights, balancing growth with liquidity. With investor support holding firm, Metaplanet shows no sign of slowing its Bitcoin strategy.
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A well-known Ethereum whale group called “7 Siblings” has sold 19,461 ETH worth about $88.2 million. The sale took place over 15 hours, marking their first significant liquidation since building a massive 1.21 million ETH position.
The coins were sold at an average of $4,532 each. Between February and April, the group accumulated over 103,000 ETH at much lower prices, including a $42 million buy at $1,700 per coin.
The move comes as institutional demand for Ethereum surges. ETFs have seen six straight days of inflows, adding $523.9 million on August 12 alone. Corporate treasuries now hold more than $16 billion worth of ETH.
At the same time, the Ethereum Foundation sold 2,795 ETH valued at $12.7 million, reducing its on-chain holdings to less than 100 ETH. Short-term holders are realizing over half a billion dollars in daily profits, according to Glassnode.
Despite heavy selling, Ethereum’s network remains strong, with record daily transactions of 1.875 million. Global search interest has also climbed to its highest since 2021, showing the market’s continued fascination with ETH.
FG Nexus, the digital assets arm of Fundamental Global, has purchased 47,331 ETH worth $200 million. The average acquisition price was $4,228 per coin. The North Carolina firm aims to secure 10% of Ethereum’s circulating supply, a goal that would make it one of the world’s top corporate ETH holders.
The strategy began in late July with a symbolic 6,400 ETH buy marking Ethereum’s 10-year anniversary. The company has since deployed proceeds from a $200 million private placement to expand its holdings.
FG Nexus plans to generate yield through staking and restaking, defining “ETH Yield” as a core performance metric. The approach highlights a growing corporate trend of measuring shareholder value in digital terms.
The company also aims to launch Ethereum-powered products, including tokenized assets and stablecoin yield offerings. Partnerships with Anchorage Digital and Galaxy will provide custody and structured asset management support.
CEO Nathan McCauley of Anchorage called the plan a long-term bet on Ethereum’s role in global finance.
Google has clarified that non-custodial crypto wallets will not be blocked from its Play Store. The statement eases concerns that new licensing rules could have forced developers to withdraw popular self-custody apps.
The updated Play Store policy, effective October 29, requires wallet apps in the U.S. and EU to hold relevant licenses, such as FinCEN MSB registration or MiCA approval. The rules initially appeared to apply to both custodial and non-custodial services.
Non-custodial wallets let users hold their own private keys and are not regulated in the same way as custodial services. Following community backlash, Google clarified on X that such wallets remain exempt.
Custodial wallet providers will still need to meet tough compliance demands, including AML programs and state-level money transmitter licenses in the U.S. In the EU, only MiCA-approved service providers can list custodial apps.
Google’s stance reflects growing global alignment with regulators such as FATF, which has urged stricter oversight of crypto services. While the update brings relief for developers and users of self-custody tools, custodial firms now face higher costs and more barriers to market entry.
Pantera Capital has invested more than $300 million in companies known as Digital Asset Treasuries (DATs). These firms hold large amounts of cryptocurrency and actively deploy them to generate yield, aiming to expand token ownership per share.
Pantera believes this model offers better returns than ETFs, which simply track token prices. DATs engage in staking, lending, and other yield strategies, making them more dynamic.
The firm’s portfolio includes companies in the U.S., U.K., and Israel. Investments span Bitcoin, Ethereum, Solana, BNB, Toncoin, Hyperliquid, Sui, and Ethena. Notable names include BitMine Immersion and Twenty One Capital.
Ethereum remains a key focus. BitMine Immersion now holds 1.15 million ETH worth nearly $5 billion, making it the largest corporate ETH holder. Pantera sees Ethereum’s role in tokenization and stablecoins as a major growth driver.
The firm argues that crypto treasuries will grow as institutions adopt on-chain management for security and settlement. With two DAT-focused funds already raised, Pantera expects more companies to embrace this strategy in the coming years.
KuCoin Pay, the payment branch of KuCoin exchange, has teamed up with BitTopup to bring crypto into daily life. Users can now spend digital assets on phone recharges, game credits, and gift cards directly through BitTopup’s platform.
The partnership expands real-world utility for KuCoin Pay, which has been focused on making crypto payments simple and secure. Customers can use multiple digital currencies for instant purchases, adding flexibility to everyday spending.
BitTopup has grown steadily as a provider of digital goods. The collaboration opens its marketplace to a broader audience, while giving KuCoin users new ways to use their coins beyond trading.
Executives from both companies called the move a step toward integrating crypto into everyday routines. To celebrate the launch, purchases made with KuCoin Pay on BitTopup will include a 2% discount, available until November 12, 2025.
The initiative underscores the growing effort to move crypto beyond speculation and into real-world applications. For KuCoin Pay, this deal represents another push to show users that digital assets can deliver value in day-to-day transactions.
Turkish exchange BtcTurk has paused crypto withdrawals after detecting suspicious activity in its hot wallets. The incident, reported on August 14, is believed to involve up to $48 million in stolen assets.
The exchange stressed that most customer funds remain secure in cold storage. Fiat transactions and trading services continue without interruption. Authorities have been alerted, and cybersecurity teams are investigating.
Blockchain analysts traced suspicious transfers across multiple networks. Assets include Ether, Avalanche, Arbitrum, Optimism, and Polygon. Reports differ on the exact amount lost, ranging from $23 million to nearly $50 million.
This is not the first time BtcTurk has been targeted. In June 2024, hackers stole about $55 million from its hot wallets. That attack led to Binance freezing millions in stolen funds and a leadership shake-up at BtcTurk.
The latest breach raises concerns about security standards in regional exchanges. Market watchers note that heavy selling of stolen ETH could put downward pressure on prices.
The U.S. Federal Reserve has ended its special crypto oversight program, returning to traditional supervisory methods. The move means banks can now engage in crypto services under the same rules as other assets, without prior approval.
The program, launched in 2023, monitored banks offering crypto custody, lending, or blockchain partnerships. It faced criticism as part of what industry voices called “Operation Chokepoint 2.0,” which pressured banks to distance themselves from crypto.
The decision follows an executive order signed by President Trump banning unfair banking practices, including those targeting crypto firms. Regulators have since clarified that banks may custody digital assets under existing guidelines.
Senator Cynthia Lummis praised the change, calling it a major win for crypto. She said it levels the playing field and removes targeted supervision of digital asset banking.
Industry leaders such as Michael Saylor also welcomed the decision, saying it clears the path for Bitcoin’s integration into traditional banking. While not all restrictive guidance has been rolled back, analysts see this as a milestone for the crypto sector’s relationship with U.S. regulators.
The U.S. Securities and Exchange Commission has postponed its ruling on Solana ETF proposals from Bitwise and 21Shares. The new deadline is October 16, 2025.
The proposals seek to list ETFs on the Cboe BZX Exchange, offering mainstream exposure to Solana. Originally due in August, the decision was delayed to allow more review time.
The timing coincides with market volatility. Solana traded near $190 on Thursday after briefly touching $209. Inflation data pushed prices lower, with the Producer Price Index showing bigger gains than expected. The drop triggered $70 million in liquidations.
Analysts expect more altcoin ETFs to follow Bitcoin and Ethereum products. Some believe approval in October is likely, marking a turning point for Solana’s institutional adoption. Until then, traders will watch both regulatory moves and broader economic conditions shaping risk assets.
Do Kwon, co-founder of Terraform Labs, has pleaded guilty to fraud charges in New York. The plea comes over three years after the $40 billion collapse of TerraUSD and Luna shook global markets.
Kwon admitted to conspiracy and wire fraud before Judge Paul Engelmayer. Under the agreement, prosecutors will not seek more than 12 years in prison. Sentencing is scheduled for December 11.
The TerraUSD stablecoin, once valued at $1, lost its peg in 2021, triggering massive losses. Prosecutors say Kwon misled investors by claiming an algorithm would restore stability. In reality, a trading firm secretly supported the price, fueling false confidence.
After South Korea issued an arrest warrant in 2023, Kwon fled abroad before being detained in Montenegro for using fake documents. He was later extradited to the U.S.
Alongside criminal charges, Kwon faces civil penalties, including an $80 million fine and a ban from crypto trading under a settlement with the SEC.
Observers see the guilty plea as a landmark case for accountability in digital assets, signaling regulators’ willingness to pursue high-profile figures in the wake of major failures.
This article is not supposed to provide financial advice. Digital assets are risky. Be sure to do your own research and consult your financial advisor before investing.
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