Crypto Summary 04.09.2025
@Cryptocurrency_Inside
➡️ Bitmine Expands ETH Hoard
Bitmine acquired an additional 14,665 ETH for $65.3 million, raising its total holdings to 1,881,639 ETH (≈$8.4 billion).
➡️ ETF Flows Favor Bitcoin
On September 3, spot ETFs purchased about $300.5 million of BTC while selling $38.2 million of ETH, reflecting renewed institutional preference for Bitcoin.
➡️ Altseason Indicators Brighten
The altcoin-to-BTC market cap ratio has reached the same threshold that historically preceded previous altseasons, suggesting a potentially profitable season ahead for altcoins this fall.
➡️ Bitget and Morph Forge Partnership with Major BGB Burn
Bitget burned 220 million BGB tokens (worth $1.09 billion) and transferred another 220 million to a lockup wallet. Under the new partnership, BGB will function as Morph’s gas and governance token, with burn rates tied to network activity—measures likely to tighten supply and boost demand.
➡️ Industry Leaders Call for Bitcoin’s Prime Role
Blockchain CTO Paolo Ardoino asserted that stable global society hinges on Bitcoin becoming the primary worldwide currency.
➡️ Regulatory Clarity on the Horizon
SEC Chair Paul S. Atkins confirmed that clarifying cryptocurrency regulations is a top priority for the SEC’s Spring 2025 agenda, alongside broader deregulatory efforts.
➡️ BlackRock Rebalances Crypto Exposure
According to on-chain data, BlackRock sold $151.4 million of ETH and purchased $289.8 million of BTC, signaling a tactical shift in its crypto ETF allocations.
➡️ Strategy Nears S&P 500 Inclusion
Bloomberg reports that Michael Saylor’s Strategy meets all criteria for S&P 500 admission, potentially marking a landmark for Bitcoin adoption in mainstream indices.
➡️ World Liberty Financial Freezes Justin Sun’s WLFI Tokens
World Liberty blacklisted Justin Sun’s address, effectively freezing 540 million unlocked and 2.4 billion locked WLFI tokens. Sun responded that the address only conducted minor test deposits, emphasizing no market-impacting trades occurred.
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