ππ #BTC In January 2025, spot trading volumes reached $636 billion, but by August they had nearly halved to $322 billion.
Activity on CEX is declining and the market is clearly moving into HODL mode.
Activity on CEX is declining and the market is clearly moving into HODL mode.
ππ #BTC Glassnode: Since our Aug 25 post, distribution has softened but not reversed. Most Bitcoin cohorts remain below the 0.5 threshold, indicating sell-side pressure persists. No group is showing strong accumulation (>0.8). The market remains in a broadly neutral-to-distribution regime.
π° #BTC Strategy has acquired 525 BTC for ~$60.2 million at ~$114,562 per BTC.
πΊπΈπ£ Trump: Companies and corporations no longer have to report quarterly.
π° #SOL Helius raised $500M led by Pantera to launch treasury company SOL
πΈπ¬π¦ Singapore Gulf Bank (SGB) and Cactus Custody, owned by Matrixport, announced a partnership to offer institutions 24/7 regulated storage of fiat assets and will allow customers to manage cash and digital assets on one platform
π° #ETH Last week BitMine acquired about 82,000 ETH, increasing their total assets to 2.15 million ($9.75 billion).
πͺπΊπ€ #LINK 21X parapartnered with Chainlink to tokenize securities
π΅οΈββοΈπ³ #MERL In the last 6 days, 2 whales (0x7Dac and 0xB5eE) have withdrawn 98.24M MERL ($14.9M) from exchanges.
πͺπΊπΉ The French financial regulator warns of gaps in regulation of the cryptocurrency industry in Europe, saying it may ban some companies with foreign licenses from operating domestically. The Authority for Financial Markets (AMF) expressed concern that cryptocurrency companies are "opting out" of jurisdictions with more lenient conditions under the EU's new MiCA regime, which allows companies to obtain licenses in one member state and use them across the bloc. #regulation