Bitcoin has been gulped up by corporations and institutions in recent times. However, despite the buying frenzy, the demand has not been reflected in the Bitcoin price charts. Meanwhile, Europe launched its own stablecoin pegged to the euro, in an attempt to stop the U.S. dollar pegged stablecoin monopoly.
Bitcoin in companies surge, but price stagnates
Corporate Bitcoin holdings surged, but the flagship crypto has not shown significant changes on the price charts. According to data from Bitwise, the corporate Bitcoin holdings surged 40% during the third quarter of 2025. However, despite this buying frenzy, Bitcoin has not moved much. With a quarter-to-quarter increase of 40%, the public companies now holding Bitcoin have risen to 172. When considering the total amount of Bitcoin, these companies hold 1.02 million BTC, roughly 4.8% of the total supply.
Fear takes over market
CoinMarketCap’s Fear and Greed has once again entered the fear zone, with traders unaware of what lies ahead. Yesterday, this indicator was in the neutral zone; however, today it crashed into the fear zone to 37.
This indicator is useful to determine the overall emotion of the traders when it comes to trading crypto.
Market leaders bet big on ETH
BitMine chair Tom Lee and BitMEX co-founder Arthur Hayes are having high hopes for Ethereum. The duo expects that ETH could reach above $10,000 by year’s end. However, with just around two and a half months left, and with the recent crash in mind, the $10,000 target might be stifling.
NYC Mayor establishes blockchain office
New York City Mayor Eric Adams stated that he would establish a municipal digital assets and blockchain office in an endeavor to make a statement about his crypto agenda during the final months of his term. “Our city has always been the center of innovation, and we’re embracing the technologies of tomorrow today,” said Adams. “The age of digital assets is here, and with it comes the chance to grow our economy, attract world-class talent, expand opportunities for underbanked communities, and make government more user-friendly.”
Europe issues native stablecoin
In the backdrop of U.S. dollar pegged stablecoins like USDT and USDC dominating the market, Europe issued its euro-pegged stablecoin. ODDO BHF, an independent European financial Group, became the first banking institution in Europe to offer a euro-pegged stablecoin-EUROD. “We felt it was essential to offer a European solution denominated in euros in order to provide an alternative to stablecoins denominated in US dollars. Our ambition is to become a leading issuer in the key currency that is the euro, and to build a broader range of high-performance and accessible digital financial services,” emphasizes Guy de Leusse, Deputy Chief Operating Officer at ODDO BHF.
Sony files for banking charter
Sony’s Trust subsidiary seeks to issue U.S. dollar-pegged stablecoins. Sony’s banking arm applied to acquire a banking charter to facilitate its subsidiary Connectia Trust to engage in crypto activities.
US regulator confiscates scam funds
The U.S. Department of Justice confiscated about $14 billion worth of Bitcoin from a scam. The regulator got the assets under their custody after Chen Zhi, the head of a Cambodia-based business conglomerate, was alleged to be at the center of a global crypto scam operation. However, with so much Bitcoin in position, what will the government do with it?
ETF managers want more volatility
ETF manager Volatility Shares seeks to launch crypto with 5x leverage. With the already volatile crypto prices, Shares is looking to launch ETFs with 5 times the leverage. The list of proposed funds includes Bitcoin, Ethereum, Solana, and XRP ETFs, as well as funds giving amplified exposure to crypto-related stocks such as crypto exchange Coinbase and Bitcoin treasury firms Strategy and Tesla.
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