Last week, the crypto bell rang loud to gather all crypto nerds in an assembly, only to declare major crypto news in the crypto world. Bitcoin started with less energy on Monday, trading at nearly $108,000. As days passed, the RWA tokenization sector gained traction with more stocks getting digitized. Altcoins faced bullish claims and statements: ‘September is historically the month of altcoin season. ’ And, more developments unfolded as the market went through ups and downs.
Sold off! $222.9 million in BTC, $167.3 million in ETH
Investors sold nearly $222.9 million of Bitcoin and $167.3 million of Ethereum on Sept. 4, potentially causing high selling pressure.
Bitcoin swings between $108K – $113K
Bitcoin danced to a fro with an opening price of $118,000 on Monday, and is currently hovering at $110,000 at press time. On Friday, the digital gold reached its highest in the last week — $113,000.
Justin Sun battles Trump-linked WLFI
TRON founder Justin Sun, an early investor in Trump-linked World Liberty Financial (WLFI), has urged the platform to unlock his WLFI assets after it froze his tokens over alleged suspicious transactions.
Hyperliquid to deploy native stablecoin USDH
DeFi platform Hyperliquid signaled its plans to unfold its native stablecoin USDH through an on-chain validator voting system to approve the ticker.
Wintermute pushes SEC to clarify on BTC, ETH’s security status
Crypto market maker Wintermute asked the US Securities and Exchange Commission (SEC) to bring clear regulatory boundaries, clarifying that network tokens like BTC and ETH should not be classified as securities.
Sora Ventures reveals Asia’s first 1 billion BTC treasury fund
Crypto-backed venture capital firm Sora Ventures launched Asia’s first $1 billion Bitcoin Treasury fund at Taipei Blockchain Week. The $1 billion treasury is also backed by $200 million from regional investors.
Not these six crypto news stories shook the crypto world. Multiple stories and price discrepancies kept the market buzzing last week. Trump family-linked WLFI launched, Ripple expanded RLUSD stablecoin access to African institutions; a study warned that RWA tokenization may face a ‘liquidity paradox’; xStocks and Ondow onboarded on Ethereum with multiple tokenized equities; and an investor lost nearly $13.5 million in a phishing attack on a DeFi protocol on Binance Chain.
Stay tuned for AltCoin Desk’s next weekly crypto news roundup to catch the latest twists and turns in the market.
