Bitcoin and Ethereum Spot ETFs Set Weekly Volume Records. Bloomberg analyst Eric Balchunas stated that combined trading volume for Bitcoin and Ethereum spot ETFs reached approximately $40 billion this week, a record high. The Ethereum ETF performed particularly well, with weekly trading volume of approximately $17 billion, far exceeding the previous record. He described the Ethereum ETF as "like a sudden resurgence" since July, unleashing nearly a year's worth of activity in just six weeks. Brevan Howard Discloses Over $2 Billion in BlackRock Bitcoin ETF Holdings. Major hedge fund Brevan Howard disclosed holdings of over $2 billion in the BlackRock Bitcoin Spot ETF (IBIT).
Mining companies supported by Trump are seeking to go public in Japan and Hong Kong to buy more Bitcoin
According to @pete_rizzo_, the Financial Times market news: Mining companies supported by Trump are seeking to go public in Japan and Hong Kong to buy more Bitcoin.
Illegal Bitcoin mining activities in Tajikistan and Kazakhstan are on the rise
According to Decrypt, illegal Bitcoin mining activities in Tajikistan and Kazakhstan are on the rise. The Attorney General of Tajikistan stated that in the first half of 2025, the losses caused by illegal cryptocurrency miners in the country amounted to 3.52 million US dollars. The Kazakh authorities recently cracked down on cryptocurrency miners using illegal energy, which shows that this problem in Central Asia is becoming increasingly serious.
Over the past six months, 30% of the top 100 companies in the S&P 500 have had higher volatility than Bitcoin
According to a chart released by @VetleLunde, 30% of the top 100 companies in the S&P 500 have had higher volatility than Bitcoin over the past six months.
Ethereum
Ethereum on-chain TVL exceeds $95 billion for the first time since January 2022
The TVL (total locked value) on the Ethereum chain is approaching its highest point since 2021, exceeding $95 billion for the first time since January 2022.
The holdings of Ethereum Treasury and Ethereum ETF exceed 10 million ETH
According to the chart released by @SERdotxyz, the holdings of Ethereum Treasury and Ethereum ETF have officially exceeded 10 million ETH.
The holdings of Ethereum Treasury and Ethereum ETF have exceeded 10 million ETH
According to the chart released by @SERdotxyz, the holdings of Ethereum Treasury and Ethereum ETF have officially exceeded 10 million ETH. Wang Feng: Ethereum will soon break through $5,000, and this round of market movement is completely dominated by institutional investors. Wang Feng (@wangfeng_0128), founder of Linekong Interactive, wrote, "Update: The LK Crypto investment research team predicts that Ethereum will soon break through $5,000. Yes, very quickly. The Ethereum ecosystem has rebuilt a crypto-version of a new Wall Street, revolutionizing old concepts, breaking away from traditional cryptocurrency thinking, and stepping out of the cognitive cocoon. This round of market movement is completely dominated by institutional investors. Today's Ethereum price may not be the 40,000 to 50,000 yuan of Bitcoin last year, but rather the 25,000 yuan level seen two years ago."
The value of ETH involved in the Ethereum validator exit queue climbed to more than $3 billion
According to @cryptounfolded, the value of Ether (ETH) in the Ethereum validator exit queue has risen to more than $3 billion, mainly due to the continued redemption of pledged funds.
MetalphaPro withdrew 13,000 Ethereum from Aave and transferred it to Binance
According to monitoring by on-chain analyst Ember, MetalphaPro withdrew 13,000 Ethereum (approximately $61.38 million) from the lending protocol Aave about 10 minutes ago, and then transferred the funds to the Binance exchange.
Other Projects
Circle's proposed Arc blockchain will use USDC as its native gas
According to Circle's official blog, Circle announced the launch of Arc, an open Layer-1 blockchain designed specifically for stablecoin financial scenarios. Arc uses USDC as its native gas, supports low and predictable US dollar-denominated fees, and has a built-in institutional-grade foreign exchange engine to enable 24/7 automatic settlement between stablecoins. Arc uses the Malachite high-performance consensus mechanism, supporting sub-second instant finality and optional privacy protection. The chain is compatible with EVM and is aimed at applications such as cross-border payments, stablecoin derivatives, on-chain credit, and capital market settlement. It is expected to open for public beta this fall and launch the mainnet in 2026. Remittance giant Western Union Co. is considering launching its own dollar stablecoin as a growing number of cryptocurrency projects compete with its core business of cross-border money transfers.
“We are exploring opportunities to issue stablecoins, particularly in markets outside the U.S.,” CEO Devin McGranahan said in an interview Monday. He added that such a stablecoin could be “almost like a dollar savings account” for customers in other countries where regulators allow such activity. Kakao’s Kaia unit plans to launch a South Korean won stablecoin, which will be integrated into payment systems such as KakaoPay. Kaia registered four KRW-related trademarks earlier this month; Kakao and Kakao Pay are members of its governance committee. South Korea's National Assembly is considering new bills that would establish licensing and reserve requirements for stablecoin issuers, providing a path to compliance. Google Play Store Requires Government License for Crypto Wallet Apps The Google Play Store has implemented a new policy requiring cryptocurrency wallet developers to obtain government licensing before releasing their apps in 15 jurisdictions, including the US, UK, and EU. The policy applies to cryptocurrency exchanges and software wallets, regardless of whether the provider holds customer funds.
Update: Google clarified that the policy does not restrict non-custodial crypto wallets and will update the announcement to clarify.
The Indian government is considering applying blockchain and artificial intelligence in its "Niryat Disha" plan
According to @CryptooIndia, the Indian government is considering applying blockchain and artificial intelligence in its "Niryat Disha" plan to promote exports from small and medium-sized enterprises.
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