“Never in history has an asset hit $2 trillion and then gone to zero.”
— Tom Lee

NARRATIVE FORMAT

QUESTION OF THE DAY

Are whale sell-offs just noise in a much larger trend of unstoppable adoption?

BITCOIN PRICE ACTION

• Crypto millionaire count surges 40% to nearly 250,000 amid 'historic' bitcoin wealth boom, report estimates (The Block) 
• Bitcoin struggles at $113K as Fed's Bowman hints at faster rate cuts (Cointelegraph) 
• $840 Million in Bitcoin Bought in One Go, What's Happening? (UToday) 
• Bitcoin bull cycle enters ‘late phase’ as profit-taking metrics spike (Cointelegraph) 
• Bitcoin dips entice buyers, but charts warn of BTC price purge to $106K (Cointelegraph) 
• Is the Worst Over for Bitcoin? BTC Price Flashes Bullish Signal (CryptoPotato) (E)
• Bitcoin’s Small Gains Could Be Hiding a Bigger Breakout (BeInCrypto) (E)
• Bitcoin Bollinger Bands tighter than ever as trader eyes $107K ‘max pain’ (Cointelegraph) (E)
• Bitcoin Edges Higher as Gold Bull Takes a Breather (CoinDesk) (E)
• Bitcoin Is Not Done Yet Despite Price Crash To $112,000 (NewsBTC) (E)
• Bitcoin bulls favored in $22.6B BTC monthly options expiry, but bears still lurk (Cointelegraph) (E)

BITCOIN NETWORK

• Bitcoin upgrade is splitting developers and purists (Cointelegraph)

BITCOIN WHALES

• Bitcoin whales offload 147K BTC in one month (Cointelegraph, CoinDesk)

BITCOIN ADOPTION

• Morgan Stanley to offer crypto trading in surprise move (The Street, The Block, The Daily Hodl, Decrypt, BeInCrypto) 
• Fold Teaming With Stripe for Its Bitcoin Rewards Credit Car (CoinDesk) 
• JUST IN: 🇷🇺 Russia’s largest online retailer Wildberries launches Bitcoin and crypto payments in Belarus 🟧

  Bitcoin adoption spreading worldwide 🌍🚀 

STRATEGIC RESERVE & CORPORATE TREASURY

• OranjeBTC to Become Brazil’s Largest Publicly-Traded Bitcoin Treasury Firm With B3 Listing 🟧🚀 (CoinDesk) 
• UK-listed B HODL buys 100 BTC for $11.3 million to kick off its bitcoin treasury (The Block)
• JUST IN: 🇨🇳 Chinese EV company Jiuzi approves $1 BILLION Bitcoin treasury strategy 🟧🚀 (E)

ETHEREUM

• ETH futures turn bearish (Cointelegraph) 
• Ethereum ETFs now account for 15% of spot market volume, up from 3% at launch (The Block) 
• Ether Treasuries Are Going Mainstream: Crypto Investment Firm Bitwise (CoinDesk) (E)
• The Protocol: Ethereum Developers Target December for Fusaka Hard Fork (CoinDesk) (E)
• Ethereum Exchange Supply Falls To 9-Year Low, Yet Price Is Struggling At $4,000 (BeInCrypto) (E)

ETF

• ETF Inflows Surge Into Gold and Bitcoin in September (BeInCrypto) 
• BlackRock’s Bitcoin ETF: Bearish Sentiment in IBIT Stays Strong for Two Straight Months (CoinDesk)

ALTCOINS

• Ripple to be integrated into tokenized money-market funds from BlackRock (Finbold) (E)
• Solana Hits Breaking Point as Liquidations Surge, Long-Time Holders Exit (BeInCrypto) 
• Kazakhstan Is Launching a National Stablecoin on Solana (BeInCrypto) 
• Solana Price Poised for Short-Term Bounce Following $315 Million Buying (BeInCrypto) (E)
• Franklin Templeton Launches New Benji Technology Platform on BNB Chain (The Daily Hodl) (E)

STABLECOINS

• Tether seeks $500 billion valuation, would rank among world’s most valuable private firms: Bloomberg (The Block, CoinDesk, NewsBTC, Decrypt) 
• U.S. CFTC Moves Toward Getting Stablecoins Involved in Tokenized Collateral Push (CoinDesk, BeInCrypto) 
• Coinbase, Sony and Samsung Back $14.6M Round for Stablecoin Startup Bastion (CoinDesk, Cointelegraph)

REGULATION

• JUST IN: 🇺🇸 SEC plans to introduce “innovation exemption” for Bitcoin and crypto firms by end of the year 

LEGISLATION

• US senator says market structure bill could address crypto ATM scams (Cointelegraph) 
• US senators signal resistance to market structure over ’foreign crypto deals’ (Cointelegraph) (E)

POLITICS

• Ian Calderon Runs for California Governor, Vows to Make State ‘Undisputed Leader’ on Bitcoin (Decrypt)
• Kraken Donates $1M to Pro-Trump PAC to Support Crypto Privacy Rights (Decrypt, BeInCrypto)

LEGAL

• FTX Trust Sues Crypto Miner Genesis Digital For $1.15 Billion (BeInCrypto, Decrypt) 
• ATM Operator Athena Bitcoin Accused of Stealing Copyrighted Source Code (Decrypt) (E)

VOICES

• TOM LEE: "Bitcoin has become a $2 TRILLION asset." "Never in history has an asset hit $2 trillion then gone to zero." 🧠 
• Tom Lee: "Ethereum is Wall Street’s blockchain of choice" (The Block)
• Anthony Scaramucci projects Bitcoin to skyrocket to $150k (Finbold) 
• SAMSON MOW: "If the world understood Bitcoin, we would be at $10M a coin now." 
• Michael Saylor: predicts a year-end Bitcoin rally live on CNBC 🚀 “Companies are buying even more than the natural mining supply.”🔥 
• Michael Saylor says Bitcoin will be 10X bigger than gold Would put Bitcoin at $12M per coin. 🚀 
• Vitalik Buterin: Ethereum Creator Says Coinbase’s Base Is ‘Doing Things The Right Way’ (The Daily Hodl) 
• Henrik Zeberg: Economist Says Crypto Bull Run ‘Nowhere Near the Top,’ Updates Long-Term Gold Forecast (The Daily Hodl) 
• Pavel Matveev: Stablecoin Banking Will Be ‘10 Times Bigger’ says Co-founder of COCA (BeInCrypto) (E)
• 🇺🇸 PRESIDENT TRUMP: "One day, Bitcoin will overtake gold." (E)

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