📉 #BTC futures open interest dropped from $44.8B → $42.7B. Leverage has been flushed, setting the stage for the next leg higher.

📊👀 #ETH Strategicethreserve: With the fall in the price of ETH, the mNAV of three Ethereum treasuries (SharpLink, The Ether Machine, and ETHZilla) has fallen below 1 (Bitmine is still above 1). This indicates that the market value of the companies has become less than the value of their ETH holdings, making issuing new shares to buy ETH unprofitable and reducing the incentive to build up crypto reserves. This could increase pressure on the price of ETH, as companies may start selling their ETH to buy back their own shares.

🕵️‍♂️ #ETH Meanwhile Bitmine, according to Arkham data, acquired 252,441 ETH in the last 3 days.

📊 #SOL Strategic SOL Reserve: Currently, the 18 public companies that created the Solana Treasury collectively hold 20.921 million SOLs worth $4.21 billion, representing 3.64% of the current total SOL supply. Of these, approximately 12.468 million SOLs are stacked.

📊 #XRP consolidates near $2.75 as liquidity tightens and bearish pressure builds. Onchain data suggests a possible pullback before bulls step in.

👀 #ASTER CZ tweeted that ASTER was designed by former binance employees.

🙋‍♂️ #BTC NYDIG urges Bitcoin treasury companies to abandon the "misleading" mNAV metric.

NYDIG takes the example of acquisition Strive Asset Management's acquisition of Semler Scientific and notes that mNAV does not take into account going concern and often uses "deemed outstanding shares," which may include convertible bonds that do not qualify for conversion.

📊👀 Web3 Wallets Metrics Overview

Phantom – In H1 2025, it surpassed MetaMask in revenue ($191M vs $56M), capturing 90% of the US Solana market and 96% of balances in India.

MetaMask – Unmatched Scale: 30M Monthly Active Users and 60% EVM market (US/India) provide stability.

Trust Wallet – 210M+ installs (leader in total users) and 35% self-custody market, but 17M Monthly Active Users and lower revenue ($3.89M) show focus on beginners.

Rabby – 4M users and 122 chains for DeFi advanced user. Low fees (0.25%) and 3x swap volume growth – show potential to compete with the leaders.

They have announced plans to issue tokens

📉 #BTC CDD Multiple shows lower selling pressure from long-term holders. alphractal

📊👀 Sentora: DeFi TVL has clearly erased Terra‑era drawdowns, with Aave and Lido as clear leaders. Aave set new highs in deposits, reinforcing that lending rails remain the heartbeat of on‑chain finance.

🕵 In the last two hours, Vitalik sold:

- 150B #PUPPIES for $28.58 #ETH ($114.48K)
- 1B #ERC20 for $13,889 #USDC.

🇺🇸 Trump posted a meme of him firing Powell.

🏴‍☠️ PeckShieldAlert: Hyperdrive reported hack resulting in ~$773k loss.

🗣 #ASTER #BNB CZ stated that he is a advisor to Aster and not part of the team.

🔓 Major Token Unlocks Next Week:

#KMNO $15.4M (7.96% of M.Cap)
#ALT $6.64M (5.3% of M.Cap)
#Q $11.2M (24.5% of M.Cap)
#ENA $150M (3.86% of M.Cap)
#IMX $20.4M (1.41% of M.Cap)

👍 Syncracy Capital co-founder: digital asset treasury (DAT) companies own $105 billion worth of cryptocurrency and could turn into long-term ecosystem players. coindesk

🔍🐳 Whale Transactions:

1. Vitalik sold 2 memcoins received for free for the last, getting 13,889 #USDC and 28.58 #ETH ($114.7k) (1, 2);
2. Cozomo de' Medici contributed 1.28m USDC to Hyperliquid account and bought 781,252 #XPL ($1.28m);
3. bc1q7l withdrew 584.72 #BTC ($63.91M) from Binance;
4. 0x25Fa withdrew 3884 #ETH ($15.57 million) from OKX.

👍 Apple CEO Tim Cook confirmed that he owns #BTC and #ETH. Cook considers cryptoassets to be part of a diversified investment portfolio and noted that he has long been interested in this area.

📈👀 #XPL Data CoinGlass: Yesterday, the volume of open positions in XPL contracts surpassed BNB, reaching an all-time high of $1.826 billion. Also, liquidations in the last 24 hours exceeded $24.9 million (second place behind 10000SATS).
Meanwhile, the volume of stablecoins on Plasma exceeded $7 billion.

📊📉 #ETH treasury reserve companies now hold 5,255,246 ETH.

They bought 816,000 ETH this month, which is 50% less than August.