| | Plus, one analyst insists XRP's path to $20 is still wide open. | ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ | View in browser | | | | Your weekly roundup of the 🔥hottest news in crypto: | | | | Ether ETFs Hit $13.7B, Analyst Says XRP's $20 Target Still in Play, & More | | | |  | | #1 Ether ETFs hit $13.7B as inflows surge and corporate treasuries grow Ether spot exchange-traded funds (ETFs) have seen steady growth since their US debut in July 2024, while corporate treasuries tied to the token are also on the rise. Inflows into Ether funds climbed 44% this month, rising from $9.5 billion on Aug. 1 to $13.7 billion on Aug. 28, according to cryptocurrency research platform SoSoValue. Market participants say renewed institutional demand is fueling the momentum. "After an extended period of underperformance relative to Bitcoin and a souring investor sentiment, Ethereum has recently experienced a significant revival in the recognition of both its adoption rate and value proposition," Sygnum Chief Investment Officer Fabian Dori told Cointelegraph.
| | | | | | | | #2 Crypto market to unlock $4.5B in tokens in September Crypto projects are set to unlock about $4.5 billion in vested tokens in September, according to data tracker Tokenomist. Tokenomist data shows that about $1.17 billion will come from cliff unlocks, while $3.36 billion will be released through linear unlocks. About $4.5 billion in tokens will become available to investors, project teams and other stakeholders as vesting agreements expire. Cliff unlocks are typically larger, one-time token releases that happen at the end of a specified lockup period. This often affects the market more due to supply shocks. On the other hand, linear unlocks distribute tokens over time, which helps smooth out the impact on the supply.
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Elon Musk's lawyer to chair $200M Dogecoin treasury: Report Elon Musk's attorney Alex Spiro is set to chair a new public company that aims to raise $200 million to invest in Dogecoin, according to a Fortune report citing six people familiar with the deal. The initiative is being pitched to investors as a Dogecoin treasury vehicle with the endorsement of House of Doge, the corporate entity launched in early 2025 by the Dogecoin Foundation and headquartered in Miami, Fortune reported Friday. The company seeks to raise at least $200 million as a public vehicle to hold Dogecoin on its balance sheet, giving investors stock-market exposure to the token without direct ownership. The effort remains at the pitch stage, with details on its structure or launch timing not yet disclosed.
| | | | | | | | | Prediction of the Week
XRP 'distribution' phase doesn't change $20 price target: Analyst XRP's price fell 22% to $2.72 from its multi-year high of $3.66 reached on July 18, before recovering to current levels around $3. Has the popular altcoin finally topped out, or is there a stronger rally in the cards? XRP price action reveals a consolidation within a symmetrical triangle on the daily chart, suggesting that the altcoin may be preparing another bullish impulse, according to analyst XForceGlobal. XRP price at "$20 remains the primary cycle target," the pseudonymous analyst said in an X post on Wednesday. Although the price still faces strong resistance around the $4 psychological level, "this does not alter the overall bullish outlook on the macro," the analyst said, adding that XRP could now follow two possible scenarios. | | | | | | | | | FUD of the week
US banks moved $312B in dirty money, but critics still blame crypto US banks were responsible for moving $312 billion for Chinese money launderers between 2020 and 2024, according to a new report. In a US Financial Crimes Enforcement Network (FinCEN) advisory on Thursday, the watchdog analyzed over 137,000 Bank Secrecy Act reports from 2020 to 2024. It found that over $62 billion per year on average has gone through the US banking system from Chinese money launderers. Chinese money-laundering networks have formed a symbiotic relationship with Mexico-based drug cartels. The cartels need to launder US dollar drug proceeds, while Chinese gangs want US dollars to circumvent China's currency control laws, it reported. "These networks launder proceeds for Mexico-based drug cartels and are involved in other significant, underground money movement schemes within the United States and around the world," said FinCEN Director Andrea Gacki.
| | | | | | | | | FUD of the week
Kanye West's YZY token: 51,000 traders lost $74M, while 11 netted $1M More than 51,000 traders incurred losses on Kanye West's recently launched memecoin, highlighting the potential risks of trading celebrity-endorsed tokens with no intrinsic technological utility. The Kanye West-linked YZY token was launched on the Solana blockchain on Aug. 21. It rallied 1,400% within the first hour before losing over 80% of its value. Of the 70,200 traders who invested in the celebrity-endorsed token, more than 51,800 realized losses, with three traders losing over $1 million, according to blockchain data platform Bubblemaps. "Meanwhile, 11 wallets made $1M+," wrote Bubblemaps in a Wednesday X post. Amid large-scale losses from the majority of the token's traders, only 11 out of 70,000 wallets generated over $1 million in profit, while 99 generated over $100,000, highlighting the financial risks of celebrity-endorsed meme tokens with a lack of blockchain utility.
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