News & Research

Asset management firm VanEck said in a report that companies are accumulating Bitcoin faster and in greater quantities than initially anticipated. So far this year, corporate entities have purchased 638,617 BTC, a figure five times greater than the 120,290 BTC acquired in all of last year, U.Today reported, citing the document. VanEck projects that corporate accumulation could reach one million BTC by the end of the year. The firm noted that this trend indicates corporations are becoming more influential on Bitcoin than miners, as only around 330,000 BTC are expected to be mined during the next halving cycle (2028–2032). The report added that mining the subsequent 330,000 BTC is projected to take more than a century.

The total market capitalization of stablecoins has surpassed $280 billion, reaching a new all-time high, Walter Bloomberg reported.

Cryptocurrency asset manager Bitwise predicts that Bitcoin could reach $1.3 million by 2035, forecasting an annualized return of 28.3%. The firm's analysis includes a bull case scenario where Bitcoin could reach $2.97 million by 2035, and a bear case scenario with a target of $88,005.

The U.S. Securities and Exchange Commission (SEC) has extended its deadline to review a proposal from Grayscale to include staking in its spot ETH exchange-traded fund (ETF), Crypto Briefing reported.

A record number of Bitcoin holders are currently in profit, with more than 55 million wallets now in the black, Bitcoin News reported. The average holding period for these wallets is 4.4 years.

JPMorgan has assessed that Bitcoin is trading at a significant discount to gold, driven by a sharp decline in its volatility, CoinDesk reported. The bank noted that Bitcoin's six-month rolling volatility has fallen from around 60% at the start of the year to a record low of approximately 30%, making the asset more appealing to institutional investors. JPMorgan stated that when adjusting for volatility, Bitcoin's market capitalization should be 13% higher, implying a price of around $126,000. The bank calculates that Bitcoin is currently undervalued by approximately $16,000 relative to gold, indicating potential for appreciation. JPMorgan also explained that passive capital inflows are being generated as publicly traded companies holding Bitcoin are added to stock indices.

According to Glassnode, Bitcoin's Cumulative Volume Delta (CVD) on major exchanges has returned to a neutral level. The firm stated this suggests that the conviction of spot investors is weakening around the $111,000 mark.

Chainalysis, Tether, Binance, and OKX have frozen 46.9 million USDT linked to a pig-butchering scam in cooperation with law enforcement agencies in the Asia-Pacific region, The Block reported. The assets were frozen in June 2024. Pig butchering is a type of financial fraud where scammers build trust with victims over an extended period before stealing a large sum of money at once.

The U.S. Department of Commerce and Chainlink (LINK) have announced the launch of an on-chain data feed that brings macroeconomic indicators from the U.S. Bureau of Economic Analysis (BEA) directly to the blockchain. The feed includes six key economic indicators, such as real GDP, the Personal Consumption Expenditures (PCE) Price Index, and final sales to private domestic purchasers. It will initially be available on 10 blockchains, including Arbitrum, Ethereum, Avalanche, Optimism, and Base, with data updated on a quarterly and monthly basis. According to Chainlink, making this data available on-chain will enable new financial innovations, including automated trading strategies, the composability of tokenized assets, real-time prediction markets, and DeFi risk management.

The U.S. Department of Commerce began distributing Gross Domestic Product (GDP) data on public blockchains for the first time, Bloomberg reported on Aug. 28. The move is part of the Trump administration's pro-cryptocurrency policies. During this pilot phase, GDP data will be recorded on nine blockchains, including Bitcoin, Ethereum, and Solana. The initiative was reportedly led by U.S. Secretary of Commerce Howard Lutnick, with exchanges Coinbase, Kraken, and Gemini facilitating the purchases of cryptocurrency needed to pay gas fees.