Daily Crypto Roundup - 5 Sep

 

According to Bitcoin Magazine on social media, US SEC Chair Paul Atkins stated that establishing a clear regulatory framework for the custody and trading of Bitcoin and crypto assets is a “key priority” for the SEC. This signals that US regulators are accelerating efforts to set rules for the crypto market to enhance investor protection and market transparency.  

 

 

According to TheDailyHodl, prominent crypto analyst Benjamin Cowen suggests Bitcoin could see “a fairly decent rally” by the end of 2025. Based on historical patterns, as long as Bitcoin’s price holds above or within the bull market support band—a technical indicator combining the 20-week simple moving average (SMA) and 21-week exponential moving average (EMA)—it may peak in November or December.

 

Cowen notes, “If (Bitcoin) can hold the bull market support band, it could lead to a fairly decent rally in Q4 to cap the current market cycle—all previous cycle tops have occurred during this period: November 2013, December 2017, November 2021. If Bitcoin can hold the band, it could trigger a final rally to the cycle top.”  

 

 

According to Cointelegraph, Europe’s sixth-largest exchange operator, Boerse Stuttgart Group, has launched a blockchain-based settlement platform, Seturion, to handle cross-border transactions of tokenized assets across Europe.

 

The platform targets banks, brokers, trading venues, and tokenization platforms, supporting both public and private blockchains, with settlements possible in central bank currency or on-chain cash. Local banks have tested it in blockchain trials with the European Central Bank (ECB).

 

The group stated its own exchange will be the first to integrate, with BX Digital—a DLT trading venue in Switzerland regulated by Stuttgart—already using the solution. Other participants require regulatory approval to join.  

 

 

Japan’s Financial Services Agency (FSA) released a report on Tuesday proposing to shift crypto regulation from the Payment Services Act to the stricter Financial Instruments and Exchange Act (FIEA) framework. This aims to strengthen investor protection, address issues like unclear disclosures, unregistered operations, and security risks, and align crypto with securities regulation.

 

The report notes Japan has over 12 million crypto accounts with total user deposits of 5 trillion yen (about $33.7 billion). If implemented, token issuers will face stricter disclosure requirements, and intermediary services will undergo tighter oversight. The proposal is an internal briefing document pending final decisions by the Financial System Council and government.  

 

 

Alexey Yakovlev, Head of the Financial Policy Department at the Russian Finance Ministry, indicated plans to lower the threshold for “qualified investor” status to expand participation in organized crypto trading under the Central Bank’s Experimental Legal Regime (ELR) pilot, launched in March for three years.

 

Current criteria require combined securities and deposits of at least 100 million rubles (about $1.23 million) or annual income exceeding 50 million rubles (about $615,800). The specific reduction amount wasn’t disclosed, with the goal of improving accessibility while managing risks.  

 

 

Nasdaq-listed Bitcoin miner MARA Holdings released its unaudited August 2025 Bitcoin mining update, reporting 208 BTC mined, a slight increase from 207 BTC in July. As of August 31, 2025, the company holds 52,477 BTC, with no sales conducted in August.  

 

 

According to The Bitcoin Historian, State Street, managing $4.3 trillion in assets, has disclosed a $1.8 billion Bitcoin (BITCOIN) exposure via MicroStrategy (MSTR).  

 

 

Bloomberg ETF analyst James Seyffart stated that the current market reflects an altcoin rally driven by Digital Asset Treasury Companies (DATCOs) rather than traditional token price increases. He noted institutional investors prefer multi-crypto basket products over single altcoin ETFs.

 

Grayscale and Bitwise’s crypto basket products, awaiting SEC approval, include 10 and 5 market-cap-weighted cryptocurrencies, respectively. Seyffart emphasized that institutional funds favor regulated products for crypto exposure over direct token holdings, a structural shift that may permanently alter altcoin rally patterns.  

 

According to The Block, Ethereum (ETH) recorded approximately $480 billion in monthly spot trading volume on centralized exchanges (CEX) in August, surpassing Bitcoin’s (BTC) $401 billion for the first time. Firms like BitMine Immersion and SharpLink Gaming disclosed significant ETH purchases, boosting company holdings.

 

Concurrently, US spot ETH ETFs saw $3.95 billion in net inflows, while BTC ETFs experienced $301 million in net outflows. ETH’s year-to-date gain exceeds 105%, compared to BTC’s 18%.