Tether Makes Massive BTC Purchase
According to Onchain Lens data, Tether purchased 8,888 BTC worth $1 billion by the end of the second quarter of 2025. This transaction demonstrates that the stablecoin giant has further strengthened its Bitcoin reserves. Tether’s strategy both increases market confidence and can influence the supply-side dynamics of BTC.
BTC Transfer from Alameda Research
According to Onchain Lens, Alameda Research acquired 500 BTC ($57.18M) 8 hours ago. This move has reignited questions about the firm’s asset management strategy following its bankruptcy proceedings.
FTX Payment to Creditors
- FTX announced today that it will distribute $1.6 billion to creditors.
- Large creditors who have already received payments will receive an additional 5.7% payment.
- Those who have never received a payment will receive up to 78.2%.
- Small creditors will receive 120.5% of their claims.
This distribution accounts for 95% of the total claims.
EU Debate on Stablecoin Restrictions
European Union regulators are pushing for a ban on multi-issuer stablecoins. The rationale is potential collapse risks and financial stability concerns. This initiative reinforces the EU’s trend toward strict regulation of the crypto market and could cause significant volatility in the stablecoin market.
Sharp Decline in Precious Metals
Spot gold fell below $3,800/oz, losing $70 from its intraday high, a 0.89% drop. Silver also fell 1.95% to $45.98/oz. This pullback indicates a decline in safe-haven demand in the short term, despite global uncertainties.
Bitcoin Plan from Star Seeds
Star Seeds (3083.T), traded on the Japanese stock exchange, plans to raise funds to purchase $6.83 million worth of BTC. This step shows that Japanese companies are increasingly preferring Bitcoin for balance sheet diversification.
Message from Fed Vice Chair Jefferson
Jefferson emphasized that the Fed is ready to use all its tools. He reiterated that the policy tool is the federal funds rate and noted that the likelihood of reaching the effective lower bound has decreased. He also noted that the balance sheet reduction process is proceeding steadily.
U.S. Government Shutdown Probability Increases
According to Polymarket data, the probability of a government shutdown has risen to 86%. The probability was also measured at 83% on the Kalshi prediction market. The failure to reach an agreement between Trump and congressional leaders is increasing the risk perception.
Visa Stablecoin Payment Pilot Program
Visa has begun testing a stablecoin preload system. Businesses will be able to load stablecoins into their accounts and use them like bank deposits to make instant cross-border payments. The program aims to reduce friction in payment processes and provide flexibility in global payments.
Elon Musk: Grokipedia is Coming
Elon Musk announced that xAI is developing a project called “Grokipedia.” It aims to solve the neutrality issues compared to Wikipedia and operate with a Git-like version control logic. The launch date has not been announced, but Musk argued that this is an important step in “understanding the universe.”
Bit Digital Issues Larger Bond Offering
Bit Digital has increased its previously announced $100 million bond offering to $135 million. The majority of the proceeds will be used to purchase Ethereum. The offering will be completed on October 2, 2025. The company will also be able to evaluate the funds for corporate opportunities.
Pilot for the Fund Industry from Chainlink and UBS
Chainlink, together with UBS, tested tokenized fund transactions via Swift (ISO 20022). The CRE-based process completes fund subscriptions and redemptions on-chain. This move is seen as an important step towards the integration of the $100 trillion global fund industry into blockchain.
