Despite Bitcoin’s price falling below $110,000. JPMorgan anticipates that it will reach $126,000 before the end of the year, while Eric Trump claims that one BTC will be worth $1 million in the future. Ethereum breaks usage and investment records, supported by strong acquisitions. Solana is making technical progress but is seeing traders leave. Here is the crypto news you needed to follow this weekend.
Bitcoin under pressure despite growing institutional adoption
As Bitcoin fell below $110,000 this weekend, JPMorgan estimates that it could reach $126,000 by the end of the year, which could trigger the liquidation of $14 billion in short positions if the $120,000 threshold is crossed. BTC has remained above $110,000 for more than 50 consecutive days.
Institutional investors continue to invest heavily in Bitcoin. Google will own approximately 8% of a BTC miner as part of a $1.8 billion deal, Arkham Intelligence reveals that the United Arab Emirates holds a significant stockpile of BTC, and the U.S. Treasury is exploring various options for acquiring Bitcoin.
Addresses accumulating bitcoins are currently recording their fastest ever rate of purchase. An accumulator is an address that has never sold (withdrawn) BTC, but has made at least two purchases.
At the same time, a whale recently transferred approximately 2,000 BTC to HyperUnit—a protocol specializing in tokenization linked to Hyperliquid—illustrating sustained on-chain activity around Bitcoin.
Eric Trump unreservedly asserts that Bitcoin will sooner or later reach $1 million, while Marc Cuban seems to have done a complete U-turn: after declaring that a banana was more valuable than BTC in 2019, he now recognizes it as an improved version of gold.
Ethereum: record activity and bullish outlook
Ethereum had an exceptional August with over $135 billion traded on DEXs, $150 billion in stablecoins, TVL exceeding $91 billion in DeFi, and over 15 million active addresses. VanEck considers ETH to be the “Wall Street token,” backed by six consecutive days of positive inflows into ETH ETFs. Joe Lubin claims that its price could increase 100-fold. More than one million ETH are still waiting to be unstaked.
Bitmine and SharpLink boost their ETH reserves
Bitmine purchased approximately 642,000 ETH in one week (worth approximately $2.8 billion). Meanwhile, SharpLink Gaming has nearly $760 million in unrealized gains after hiring a former BlackRock crypto executive to head its Ethereum treasury.
Massive BTC adoption by Strategy and Metaplanet
Strategy now holds more Bitcoin than the combined holdings of the top six countries. The company could be added to the S&P 500 in the coming week, according to one report, while Michael Saylor continues to claim that BTC “is still on sale.” For its part, Metaplanet has acquired more than 1,000 new BTC, bringing its total to approximately $2.15 billion.
Solana: between major technical advances and ETF applications
The SIMD-0326 Alpenglow proposal to drastically reduce block finalization time on Solana was approved with over 99% of votes in favor. At the same time, Galaxy, Jump, and Multicoin are planning to invest up to $1 billion to finance a SOL-based treasury. However, the number of daily traders on Solana’s DEXs has reached its lowest level since March 2024, while trading volumes remain stable. Is this a sign that some retail investors are leaving?
Several asset management companies such as Franklin Templeton, Canary, Bitwise, and Fidelity have updated their respective applications for Solana spot ETFs with the SEC. The SEC is still delaying its decisions until October despite the growing enthusiasm surrounding the SOL token.
De-dollarization: BRICS offensive and Chinese initiatives
China has announced that the BRICS countries will soon adopt initiatives to reduce their dependence on the US dollar. An international center dedicated to promoting the digital yuan has been set up, while Ant Group is facilitating the gradual integration of USDC stablecoins into the Chinese market.
Trump: WLFI token & American Bitcoin on the way
The WLFI (World Liberty Financial) token, backed by the Trump family, will be officially launched on September 1 with an initial release estimated at around $483 million. At the same time, American Bitcoin is planning its IPO in September as well.
In a satirical gesture against Donald Trump, Gavin Newsom (Governor of California) publicly announced his intention to create a “Trump Corruption Coin.” This announcement comes as several projects linked to the Trump clan are actively engaged in the crypto ecosystem (TRUMP memecoin, WLFI &
American Bitcoin) and the announcement by Trump Media Group that it will launch a CRO treasury and accept CRO on its various platforms, such as the social network Truth Social.
Dogecoin is organized around a treasury led by Musk’s lawyer.
The House of Doge has approved a substantial treasury estimated at $200 million led by Alex Spiro—a lawyer close to Elon Musk—although the billionaire’s exact role remains unclear. Technical proposals also aim to integrate zero-knowledge proofs into DOGE in the future.
