Top Stories of The Week
Ether ETFs hit $13.7B as inflows surge and corporate treasuries grow
Ether spot exchange-traded funds (ETFs) have seen steady growth since their US debut in July 2024, while corporate treasuries tied to the token are also on the rise.
Inflows into Ether funds climbed 44% this month, rising from $9.5 billion on Aug. 1 to $13.7 billion on Aug. 28, according to cryptocurrency research platform SoSoValue. Market participants say renewed institutional demand is fueling the momentum.
“After an extended period of underperformance relative to Bitcoin and a souring investor sentiment, Ethereum has recently experienced a significant revival in the recognition of both its adoption rate and value proposition,” Sygnum Chief Investment Officer Fabian Dori told Cointelegraph.
Crypto market to unlock $4.5B in tokens in September
Crypto projects are set to unlock about $4.5 billion in vested tokens in September, according to data tracker Tokenomist.
Tokenomist data shows that about $1.17 billion will come from cliff unlocks, while $3.36 billion will be released through linear unlocks. About $4.5 billion in tokens will become available to investors, project teams and other stakeholders as vesting agreements expire.
Cliff unlocks are typically larger, one-time token releases that happen at the end of a specified lockup period. This often affects the market more due to supply shocks. On the other hand, linear unlocks distribute tokens over time, which helps smooth out the impact on the supply.
Elon Musk’s lawyer to chair $200M Dogecoin treasury: Report
Elon Musk’s attorney Alex Spiro is set to chair a new public company that aims to raise $200 million to invest in Dogecoin, according to a Fortune report citing six people familiar with the deal.
The initiative is being pitched to investors as a Dogecoin treasury vehicle with the endorsement of House of Doge, the corporate entity launched in early 2025 by the Dogecoin Foundation and headquartered in Miami, Fortune reported Friday.
The company seeks to raise at least $200 million as a public vehicle to hold Dogecoin on its balance sheet, giving investors stock-market exposure to the token without direct ownership.
The effort remains at the pitch stage, with details on its structure or launch timing not yet disclosed.
Strategy Bitcoin lawsuit dismissed as investors withdraw case
Lead plaintiffs and an investor have voluntarily dismissed their lawsuit against Bitcoin treasury company Strategy, permanently ending the case, according to a court filing obtained by Cointelegraph. The move represents a potential win for crypto treasury companies, with Strategy standing as the industry’s largest player.
According to a Thursday court filing, two lead plaintiffs, Michelle Clarity and Mehmet Cihan Unlusoy, and an investor representing other shareholders, submitted the stipulation for dismissal.
“The dismissal with respect to Co-Lead Plaintiffs’ claims and Anas Hamza’s claims, but not absent class members’ claims, is with prejudice,” the court document reads. In addition, “the Action has not been certified as a class action.”
Trump has 11 on his Fed chair list, 3 may be crypto-friendly
The Trump administration is considering at least 11 candidates to replace Jerome Powell when his term as Federal Reserve chair expires in May. At least three of them have taken positive stances toward crypto.
Treasury Secretary Scott Bessent told Fox News on Wednesday that there are 11 “very strong candidates” for Fed chair, which he’ll begin to vet and shortlist starting next month.
The list of candidates, as CNBC reported on Aug. 13, citing two administration officials, includes Dallas Fed President Lorie Logan, former St. Louis Fed President James Bullard, Fed Vice Chair Philip Jefferson, Fed Governor Christopher Waller, Fed Vice Supervision Chair Michelle Bowman and former Fed Governor Larry Lindsey.
The list also includes Bush administration economic adviser Marc Sumerlin, investment bank Jefferies chief market strategist David Zervos and BlackRock’s chief investment officer for global fixed income Rick Rieder.
Winners and Losers
At the end of the week, Bitcoin (BTC) is at $108,309, Ether (ETH) at $4,374 and XRP at $2.82. The total market cap is at $3.77 trillion, according to CoinMarketCap.
Among the biggest 100 cryptocurrencies, the top three altcoin gainers of the week are Cronos (CRO) at 94.97%, Pyth Network (PYTH) at 41.07% and Pump.fun (PUMP) at 11.96%.
The top three altcoin losers of the week are SPX6900 (SPX) at 22.68%, Aerodrome Finance (AERO) at 21.67% and Pendle (PENDLE) at 19.07%.
For more info on crypto prices, make sure to read Cointelegraph’s market analysis.
Most Memorable Quotations
“Let’s say that your protocol or layer 1 blockchain becomes more secure. Then they may target human beings behind it. The…
cointelegraph.com