Crypto Weekly Market Wrap 1st September: Institutional Buys, Treasury Deals, ETF Momentum and Global Policy Shifts

 Last week was a mix of institutional activity and market movements in the crypto space. Metaplanet stated its intention to purchase $880 million in Bitcoin. At the same time, several companies filed for new crypto ETFs, indicating further interest in the digital assets. Meanwhile, the U.S. government started using blockchain to improve the accuracy of GDP data, while the CFTC created a pathway for legal offshore exchanges to cater to American users. 

Elsewhere, Trump Media also signed a $6.4 billion CRO treasury agreement with Crypto.com, and Trump-tied American Bitcoin said it plans a Nasdaq debut in September. Despite the bullish momentum, Bitcoin dropped to $108k, sending the entire crypto market into volatility. In the section below, we will discuss this crypto weekly market wrap of 1st September in full, with deeper detail.

Metaplanet Prepares Massive Bitcoin Treasury

Metaplanet announced plans to raise ¥130 billion (approximately $880 million) through an international share offering. With the majority of capital raised, the company plans to increase its Bitcoin holdings. The Tokyo-based group will issue up to 555 million shares, which will increase its total outstanding shares to almost $1.27 billion. Pricing will be determined between September 9 and 11, 202,5 and settlement is anticipated shortly thereafter.

Of the total raise, ¥124 billion ($835 million) will be placed into Bitcoin purchases. Another $45 million (¥6.5 billion) will go into its Bitcoin Income Business, which is already profitable from covered call options on BTC holdings. Currently, Metaplanet has 18,991 BTC, equivalent to $2.1 billion, making it one of the best corporate Bitcoin holders.

Trump-Linked Mining Firm Aims for Nasdaq

American Bitcoin, a Trump-backed mining firm owned by Donald Trump Jr. and Eric Trump, is set to list on the Nasdaq. The listing comes after it merged with Gryphon Digital Mining. Hut 8 Mining owns 80% of the business, with the Trump brothers set to own 19%. The firm has already raised $220 million, with which it intends to expand operations and add to its holdings of Bitcoins. As of June, it had added 215 BTC to its balance sheet.

JUST IN: 🇺🇸 Eric Trump and Donald Trump Jr. backed American Bitcoin to start soon trading on the Nasdaq – Reuters #Bitcoin is taking over Wall Street 🙌 pic.twitter.com/GDrLqvjM3q

— Bitcoin Magazine (@BitcoinMagazine) August 28, 2025

Company CEO Asher Genoot affirmed the company’s vision of becoming one of America’s largest mining companies. Well-known investors like the Winklevoss twins are among its supporters. If the listing takes place this month, American Bitcoin would be among the top 30 public Bitcoin holders in the U.S.

Eric Trump Highlights Bitcoin’s Global Influence

Eric Trump spoke at the BTC Asia conference in Hong Kong, praising China’s place in digital assets. Trump’s son pointed to the dominance of both China and the U.S. in deciding what the future holds for Bitcoin. He also pointed to the Middle East as a rapidly growing centre for cryptocurrencies. He emphasized the potential of Bitcoin to bring people together across cultures and borders.

According to him, the Trump administration made more headway in seven months relative to digital asset policy than in the past decade. He said the U.S. had led the digital revolution by backing it with Wall Street-inspired and sovereign-owned investment. When questioned about a U.S.-China trade meeting, he spoke of broader issues dominating talks but said he would “positively love to talk about Bitcoin.”

21Shares Pushes Forward with SEI ETF

21Shares submitted an application to the SEC to launch an ETF tracking the value of the SEI token. The fund will follow the price of the SEI via CF Benchmarks, backed by multiple exchange data feeds. Coinbase Custody Trust will serve as a custodian for SEI to ensure the security of the assets.

The token provides gas to the network and governance, and 21Shares is exploring the possibility of staking SEI in its ETF, subject to regulatory risk mitigations. The company said the filing was a milestone in expanding exchange-traded access. Canary Capital already filed for an SEI ETF earlier this year, demonstrating increasing demand.

CFTC Creates Path for Offshore Exchanges

The U.S. Commodity Futures Trading Commission issued new guidance letting offshore exchanges return to the American market. The advisory provides a legal framework in the form of the Foreign Board of Trade registration. This route is a guided way back route for exchanges like Binance and Bybit. Its scope will include cryptocurrency trading, generative AI, and more.

According to crypto reporter Eleanor Terrett, the U.S. CFTC is set to issue guidance clarifying registration rules for Foreign Boards of Trade (FBOT), aiming to provide a compliant pathway for non-U.S. platforms to serve American users. Acting Chair Caroline D. Pham said the move…

— Wu Blockchain (@WuBlockchain) August 28, 2025

Caroline Pham, acting director at the CFTC, said the move puts the Americans back in touch with global liquidity. She expressed her views about giving traders deeper markets under U.S. supervision. The policy change puts an end to years of fragmented trading. The move is projected to increase liquidity for Bitcoin and Ethereum while enhancing the competitiveness of America.

U.S. Department of Commerce Publishes Data Onchain

The U.S. Department of Commerce plans to publish official economic data on nine public blockchains. The goal is to give everyone secure, tamper-proof access to key economic numbers. Partners include Chainlink and Pyth Network, which will cross-chain data between Bitcoin, Ethereum, and Avalanche. Chainlink will deliver information to the Bureau of Economic Analysis, while Pyth will handle GDP figures.

They also plan to post other indicators, like the Personal Consumption Expenditures Index. Coinbase, Gemini and Kraken supported the technical publishing process. With this step, the government is beginning to use decentralized networks to make economic reporting more open and trustworthy.

Japan Prepares New Crypto Oversight Division

The Japan Financial Services Agency is planning to establish a new Cryptocurrency and Innovation Division. The proposal is part of its fiscal year 2026 restructuring plan. The division will develop the existing counselor’s office into a department within the Asset Management Bureau. The transaction includes $1 billion CRO tokens, $420 million cash and warrants, and a $5 billion credit facility. The budget for the initiative is 25 billion yen, or $170 million. Additionally, staff will increase their supervision.

Trump Media and Crypto.com Build $6.4B CRO Treasury

Trump Media, Crypto.com, and Yorkville Acquisition announced a digital asset treasury of $6.4 billion. The emphasis is on obtaining CRO, Cronos’ native token. The group confirmed the deal as an important step in its entry into the crypto space. This approach will build the largest CRO treasury to date.

– A historic day for $CRO. Trump Media Group CRO Strategy announced a $6.42b U.S. Dollar treasury play. See the press release for more info on the proposed Business Combination and important info about $YORK, $YORKW and $YORKU. Here’s what you need to know:
– A definitive… pic.twitter.com/kgMC1GEVHn

— Kris | Crypto.com (@kris) August 26, 2025

The firm will be a joint venture and is focused on advancing the Cronos ecosystem. Moreover, it is an expansion of earlier partnerships such as the Made in America digital asset ventures. Trump Media, led by Donald Trump, also owns Truth Social. The group confirmed the deal as a key step in its crypto expansion.

Philippines Pushes Blockchain for Budget Transparency

Philippine Senator Bam Aquino suggested recording the national budget on blockchain during the Manila Tech Summit. The program is built on existing blockchain records on Polygon in the Department of Budget and Management. The growth would enable transparent and traceable fiscal spending.

UAE Secures Fourth Place in Government Bitcoin Holdings

The UAE government revealed owning 6,300 BTC worth approximately $740 million. The collections are from Citadel Mining, its publicly traded mining company. This makes the UAE the fourth-largest government Bitcoin holder in the world. The reserve is generated from mining partnerships with Phoenix Group, not law enforcement seizures.

Former Thai PM Proposes Bitcoin Hub Strategy

Thailand’s former Prime Minister Thaksin Shinawatra proposed making Thailand the Bitcoin treasury hub of ASEAN. He met with representatives from worldwide companies such as Japan’s Metaplanet and UTXO Management. The proposal aims to establish the sovereign digital reserve to stabilize the economy of the country. It follows earlier announcements for a cryptocurrency sandbox set for October.

Tron Community Approves Fee Reduction

The Tron blockchain community voted for a reduction of network transaction fees by 60%. Founder Justin Sun said the change would generate greater activity. Transaction costs were at a record high in June, impacting daily stablecoin users. Going forward, Tron will be reviewing fees on a quarterly basis.

On August 26, 2025, the Tron Super Representative community proposed to reduce Tron network fees by 60%. This is the largest fee reduction since the founding of the Tron network. The proposal has already passed and will take effect at 20:00 (GMT+8) this Friday!

Here’s my view on…

— H.E. Justin Sun 👨‍🚀 (Astronaut Version) (@justinsuntron) August 29, 2025

Pudgy Penguins Launch Web3 Mobile Game

Pudgy Penguins announced the launch of Pudgy Party, a Web3 smartphone game. The development was in collaboration with Mythical Games, creator of FIFA Rivals. The game includes mini-games, character customization, and integration of collectibles. While the PENGU token is not included yet, the team intends to incorporate PENGU and MYTH assets in the future.

Grayscale Seeks Approval for Avalanche ETF

Grayscale filed to transform its Avalanche Trust into a Nasdaq-listed ETF. The proposal would trade under the ticker AVAX. The fund will use baskets of 10,000 shares for creation and redemption, with cash settlement. Coinbase Custody will provide asset protection, while BNY Mellon will provide administration. The ETF could allow up to a maximum of 85% of AVAX to be staked, earning extra rewards. The move is another step towards incorporating altcoins into the mainstream.

Gemini Launches XRP Credit Card

Gemini introduced a new credit card with XRP rewards. The card was released by WebBank and runs on the Mastercard network. Rewards include 4% back on fuel, EV charging, and rideshare, 3% on dining, and 2% on groceries. All other purchases receive 1% cashback. Additionally, merchants will sometimes provide up to 10%.

BREAKING: The $XRP Credit Card is live 🚨

I’ve been talking about real-world adoption, now it’s happening

Up to 4% back in XRP, no annual fee

This isn’t theory anymore. You can literally stack XRP by spending.

Mass adoption isn’t coming. It’s here. pic.twitter.com/lbNtwXoHK8

— X Finance Bull (@Xfinancebull) August 25, 2025

Ripple CEO Brad Garlinghouse highlighted the need for day-to-day crypto spending. XRP is instantly transferred to the user after purchases, unlike with traditional rewards. Gemini co-founder Tyler Winklevoss also revealed a limited-edition design for the XRP community. The card integrates Ripple’s RLUSD stablecoin into trading options on Gemini.

Stablecoin Market Breaks New Record

Stablecoins grew by 128% in supply since January, reaching $282.8 billion. Demand increased following new U.S. regulations. The GENIUS Act provided federal guidelines for issuers, which have helped to promote confidence and adoption. Analysts now consider stablecoins as a distribution channel of U.S. dollars. They are increasingly being used for on-chain settlements and for cross-border transactions.

$1B Solana Treasury Initiative Gains Momentum

Galaxy Digital, Jump Crypto, and Multicoin Capital are raising $1 billion forthe  Solana treasury. The group is negotiating with investors and intends to acquire a public company. This would make it one of the biggest Solana-dedicated treasuries in the market. Cantor Fitzgerald is spearheading the deal, which is set to be completed in early September. Analysts say the plan resembles early Bitcoin’s treasury plans. The initiative highlights growing institutional confidence in Solana’s future.

Google Cloud Tests Blockchain for Payments

Google Cloud confirmed they are working on its own Layer-1 blockchain. The project is currently operating on a private testnet. The goal is to help enterprises deploy payment solutions that are scalable and secure. The move signifies Google’s ongoing foray into blockchain technology applications for businesses.

Google Cloud has announced the launch of its L1 blockchain, GCUL, which simplifies cross-border payments and asset settlements through a distributed ledger. GCUL is currently in a private testnet phase and announced a partnership with CME earlier this year to pilot tokenized… pic.twitter.com/QbH9A2Q33m

— Wu Blockchain (@WuBlockchain) August 27, 2025

CFTC Upgrades Surveillance with Nasdaq

The CFTC adopted Nasdaq’s Market Surveillance platform to enhance fraud detection. The new system replaced the outdated infrastructure from the 1990s. As Congress begins discussion on the Financial Innovation Act, Caroline Pham said the upgrade improves oversight. If enacted, the act would extend CFTC authority to spot digital asset markets.

Digital Asset Investment Products Market Overview

CoinShares’ report noted that digital asset investment products received inflows of $2.48 billion last week, reversing the outflows of the previous week. August inflows now total $4.37 billion, bringing year-to-date inflows to $35.5 billion. Despite the momentum, total assets under management dropped 10% to $219 billion after Friday’s pullback.

📈 Digital asset investment products rebounded from the previous week’s outflows, recording inflows of US$2.48B.@ethereum continued to outperform @Bitcoin, attracting inflows of US$1.4B versus US$748M. Meanwhile, @solana and XRP (@Ripple) continued to benefit from optimism… pic.twitter.com/8Wx2QlBknr

— CoinShares (@CoinSharesCo) September 1, 2025

The United States had the largest amount of inflows at $2.29 billion, followed by gains from Switzerland, Germany, and Canada. Analysts said Friday’s withdrawals were likely to be profit-taking rather than a broad market reversal. Sentiment was lower after Core PCE data, which undermined expectations of a September rate cut.

Ethereum once again led the way with $1.4 billion in inflows, ahead of Bitcoin’s $748 million. For August, Ethereum gained $3.95 billion, and Bitcoin lost $301 million in outflows. Solana and XRP took advantage of the ETF excitement, drawing $177 million and $134 million, respectively.

Bitcoin Price Performance

The largest cryptocurrency, Bitcoin, displayed a bearish outlook last week as its price formed a descending channel pattern. BTC dropped from above the $113k region toward $107k, leading to a weekly loss of more than 2%. Moreover, its market cap and trading volume dropped to $2.17 trillion and $60 billion, respectively.

Technical indicators such as the Relative Strength Index (RSI) and Bollinger Bands suggest that BTC could continue its downward journey if the current trend holds. Resistance and support levels for BTC stand at $123,785 and $94,360.