1.Coinbase: The “September dip” effect is not credible and the crypto market will strengthen in early Q4 We predict that the crypto market will strengthen in early Q4 of 2025 due to resilient liquidity, a favorable macroeconomic backdrop and supportive regulatory dynamics, with Bitcoin expected to perform outstandingly. 2. Grayscale: Macro Reasons Positive for Crypto Credibility is paramount for fiat currencies. Today, with high public debt, rising bond yields, and uncontrolled deficit spending, the U.S. government's promise to ensure low inflation may no longer be entirely credible. We believe it's increasingly likely that a strategy to manage the nation's debt burden will involve at least moderately high inflation. If holders of dollar-denominated assets believe this, they may seek alternative stores of value.
Click to read3. Multicoin Co-creation: Why SOL is the best asset for DAT
On September 11, 2025, I am pleased to announce that Multicoin Capital, Jump Crypto (the largest cryptocurrency trading company) and Galaxy (the largest financial group in the cryptocurrency field) have successfully led a $1.65 billion PIPE financing in Forward Industries (NASDAQ: FORD). The company will use the net proceeds to launch the Solana Treasury. Each of the founders has pledged to invest over $100 million. I have personally invested an additional $25 million in Multicoin on top of my commitment because I believe in the company's long-term growth potential. Click to read
4. Retail Investors' "Revenge"
In 1979, the Republic National Bank offered its customers a choice. Deposit just $1,475 for 3.5 years and receive a 17-inch color TV; deposit the same amount for 5.5 years and receive a 25-inch TV. Want an even better deal? Deposit just $950 for 5.5 years and receive a sound system with built-in disco lights. Click to read 5. Can tokenized stocks truly achieve decentralization?
Cryptocurrency was supposed to represent freedom—a permissionless network, immutable ownership, and assets that could not be arbitrarily revoked by any government or intermediary. At least, this was Satoshi Nakamoto’s dream—but it is undeniable that this vision has gradually faded as reality hit.