Bitcoin Drops Below $117,000, As Altcoins Gears Up For A September Rally
Bitcoin has retraced below $117,000 after reaching an all-time high last week, signaling a pause in upward momentum and growing caution among investors.

Bitcoin has retraced below $117,000 after reaching an all-time high last week, signaling a pause in upward momentum and growing caution among investors.
Dutch cryptocurrency company Amdax is preparing to launch one of Europe’s most ambitious Bitcoin strategies yet: creating a dedicated Bitcoin treasury firm, seeking a listing on Amsterdam’s Euronext, and ultimately aiming to acquire 1% of the total Bitcoin supply.
The SEC has delayed decisions on several crypto ETFs, including Bitcoin, Ethereum, Solana, XRP, Litecoin, and Dogecoin, pushing most deadlines into October. Regulators are working on new listing standards that could allow faster approvals of altcoin ETFs once rules are finalised.
Taiwan’s WiseLink led a $10 million funding round for Nasdaq-listed Top Win International, helping the company buy Bitcoin and expand into digital assets. The deal makes WiseLink the first public Taiwanese firm to back a Bitcoin treasury strategy and aims to combine crypto holdings with cross-border business operations.
Citigroup plans to offer custody services for assets backing stablecoins and cryptocurrency ETFs, aiming to meet new US rules. The bank is also developing stablecoin payment solutions for faster cross-border transactions.
Metaplanet bought 518 more bitcoins for about $61.4 million, bringing its total holdings to 18,113 BTC. The company uses creative financing methods to keep buying and aims to hold 210,000 BTC by 2027.
Ethereum co-founder Vitalik Buterin’s on-chain portfolio has surged past the $1 billion mark, fueled by Ether’s recent price rally, according to blockchain intelligence firm Arkham.
Stripe is developing its own blockchain, called Tempo, to make payments faster and cheaper while staying compatible with Ethereum. The project is linked to recent crypto-related acquisitions and could help Stripe compete with major payment networks.
Blue Origin now accepts Bitcoin, Ethereum, Solana, and stablecoins for booking space flights through a partnership with Shift4. This move aims to make high-cost space tourism payments easier for digital asset holders using popular crypto wallets.
El Salvador has just approved it new Investment Banking Law, which allows investment banks to not only hold Bitcoin and other digital assets but also to offer full crypto services, but only to "sophisticated investors."
AUSTRAC has imposed a $3,250 limit on crypto ATM deposits and withdrawals to combat fraud and scams. The agency plans to keep monitoring the sector and may introduce further measures if illicit activity continues.
Russia’s largest bank, Sberbank, has launched Bitcoin-linked bonds for accredited investors, allowing exposure to Bitcoin’s price and the dollar-to-ruble exchange rate without needing crypto wallets. This move, alongside plans for Bitcoin futures and similar products, shows a cautious but growing acceptance of cryptocurrency within Russia’s regulated financial system.
Despite vows to leave, most left-leaning influencers remain more active on X than on Bluesky, which has yet to rival X’s reach or utility.
Ripple’s stablecoin RLUSD received approval from the Dubai Financial Services Authority for use in the Dubai International Financial Centre, joining its existing authorisation in New York. This allows RLUSD to be integrated into Ripple’s payment network, offering fast, low-cost, and regulated cross-border transactions for businesses in the region.
Emirates Coin became the first investment platform in the UAE to be officially regulated to offer both digital and traditional assets in one place. This allows investors to access a wide range of investments, including cryptocurrencies, stocks, commodities, and regulated ICOs, all through a single secure platform.
Dubai’s VARA has signed an MoU with the Solana Foundation to advance blockchain innovation and talent development. Despite this, SOL remains over 2% down in the past 24 hours and below its January peak although it saw a slight uptick during the recent Bitcoin-led market pullback.
BCP Technologies has launched the Tokenised GBP (tGBP), a pound-backed stablecoin on its BCP Markets platform. Fully backed by UK government bonds, tGBP aims to align with future FCA regulations and serve as a “live proof-of-concept” for compliant digital assets in traditional finance.
Truth Social, linked to former US President Donald Trump, has filed with the SEC to launch a Bitcoin ETF offering regulated exposure to Bitcoin’s price. This move is part of Trump Media’s wider push into crypto, including plans for other digital assets, streaming tokens, and memecoins.
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