OKX market data shows that BTC has fallen below 111,000 USDT, currently trading at 110,987.3 USDT, a 24-hour drop of 0.71%. (This newsletter was generated with AI assistance.)

OKX market data shows that SOL has fallen below 200 USDT, currently trading at 199.99 USDT, a 24-hour drop of 1.66%. (This newsletter was generated with AI assistance)

According to Cointelegraph, Ethereum's revenue, derived from network fees accruing to Ether (ETH) holders through token burns, experienced a significant decline of approximately 44% in August, despite ETH prices reaching unprecedented levels. The revenue for August amounted to over $14.1 million, a notable decrease from July's $25.6 million. This drop occurred amidst a remarkable 240% rally in ETH since April, culminating in an all-time high of $4,957 on August 24. Network fees also saw a reduction of about 20% month-over-month, decreasing from approximately $49.6 million in July to around $39.7 million in August. The decline in monthly Ethereum network fees followed the Dencun upgrade in March 2024, which significantly lowered transaction fees for layer-2 scaling networks utilizing Ethereum as a foundational layer for posting transactions. This reduction in fees and revenue has sparked discussions regarding Ethereum's sustainability, with critics questioning the viability of the layer-1 smart contract platform, while supporters argue its essential role in the future financial system. The year 2025 has been eventful for the Ethereum network, as the community actively promotes the blockchain platform to Wall Street firms, leading to the emergence of ETH public treasury companies and driving ETH prices to record highs. Etherealize, a firm specializing in advocacy and public relations for Ethereum, announced the completion of a $40 million capital raise in September. Matt Hougan, Chief Investment Officer at Bitwise, highlighted the appeal of Ether's yield-bearing features to institutional and traditional financial investors. He noted that staking ETH can generate earnings, a concept familiar to investors accustomed to companies producing profits. These firms are exploring the potential of staking Ethereum, which involves locking up ETH tokens to secure the network and earn yields by providing validation services to the layer-1 blockchain smart contract platform. This interest in staking and the potential for generating earnings is drawing institutional attention to Ethereum, positioning it as a key player in the evolving financial landscape.

Ethereum revenue and network fees continue to dwindle, prompting debate about the layer-1 blockchain network’s financial fundamentals. source: https://cointelegraph.com/news/ethereum-revenue-drops-44-percent-august-all-time-high?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

Binance holds $44. 2 billion in stablecoins, with USDT at $37. 1 billion and USDC more than doubling from $3. 0 billion to $7. 1 billion since the start of 2025. source: https://cryptopotato.com/binance-tops-exchange-stablecoin-holdings-as-market-liquidity-surges/

With Ethereum hovering near all-time highs, there’s an easy way to rack up free ETH—a tiny bit at a time—by playing games. source: https://decrypt.co/338336/you-can-earn-ethereum-playing-free-mobile-games

Forbes currently estimates Saylor’s net worth at $8. 8 billion, ranking him in the mid-300s among the world’s wealthiest individuals. source: https://coindoo.com/heres-how-much-michael-saylor-is-worth-after-his-massive-bitcoin-bet/

Saylor's company holds over 629,000 BTC, making it the largest publicly traded Bitcoin owner. source: https://ambcrypto.com/from-bitcoin-hoarder-to-billionaire-michael-saylor-cracks-bloomberg-500-list/

Everyone’s buying gold. The boomer rock blasted past $3,600 this week to mark a fresh all-time high and draw investors far and wide into its glittery orbit. So why is the gold price surging? It’s the result of a perfect storm: a cooling labor market in the U. S source: https://cryptoslate.com/at-over-3600-an-ounce-everyones-buying-gold/

South Korea has emerged as the world’s most active crypto market, with traders increasingly shifting focus from Bitcoin to altcoins. source: https://cryptodnes.bg/en/xrp-dominates-korean-crypto-trading-as-investors-favor-altcoins-over-bitcoin/

The "RWA and Stablecoin" roundtable at the first CRYPTO Raver conference brought together early blockchain practitioners, traditional financial executives, real economy operators, policy researchers and other bigwigs.

As of 2025, the holding structure of Ethereum (ETH) is highly centralized, with the top 10 addresses controlling approximately 61% of the circulating supply, but this is mainly dominated by institutions, contracts, and exchanges, rather than individuals.

The August DApp industry report shows that although overall on-chain activity has cooled, several key areas are still showing strong development momentum.

Good news every day may bring excitement, but if the entry threshold remains high, liquidity remains poor, and consensus remains weak, these positive news will have little impact on most people.

This issue reviews Strategy's DAT business-related content for your reference.

This week, 18 blockchain startups raised a total of $508.7 million. AlloyX Limited secured $350 million in a mergers and acquisitions (M&A) round from Solowin, the largest round of the week.

United States, Cryptocurrency, Federal Reserve, The wave of U.S. bankruptcies in 2025 and its profound impact on the economy and markets Golden Finance, In 2025, the U.S. economy is at a critical crossroads.

Recently, Morph, a public chain project under Bitget, announced the cancellation of its original plan to issue new tokens and instead directly adopt BGB (Bitget platform currency) as the public chain token.

On August 29, 2025, Foton Investment Holding issued RMB 500 million offshore bonds in Hong Kong (with a term of 2 years and a coupon rate of 2.62%). The token is named FTID TOKEN 001 (abbreviated as Fubi), marking a milestone in the digitization of state-owned enterprise bonds.

If decentralization dies once it becomes inconvenient, did it ever really exist?