Bitcoin hovered between 111,000 and 113,000 in a quiet session, with traders awaiting the upcoming US inflation data and the Federal Reserve’s September meeting. Liquidity remained thin, yet the market showed signs of underlying strength as dips were consistently bought. Investors are not taking aggressive positions, but sentiment is slowly improving due to steady ETF inflows and corporate treasury moves.
Top Story
Dogecoin ETF set to debut in the US this Thursday
The crypto world is about to witness a new milestone - the expected launch of the first US-based Dogecoin ETF. Although one proposal was delayed by the SEC, the pipeline remains active, and Thursday is still on track for a major listing. This move could open the door to wider adoption of memecoins by mainstream investors.
The launch represents more than just novelty. It’s a clear signal that market infrastructure is maturing to include alternative digital assets beyond Bitcoin and Ethereum. The Dogecoin ETF could test investor appetite for exposure to a previously non-serious corner of the crypto space, now wrapped in regulated form.
Infrastructure and Derivatives
Cboe to introduce 10-year Bitcoin and Ethereum futures
Cboe has announced plans to launch continuous futures for Bitcoin and Ethereum this November. These products aim to provide long-term exposure without the need for monthly rollovers. If successful, this could become a game changer for institutional investors seeking strategic allocation tools with reduced operational friction.
Policy Watch
New regulatory framework proposed in Washington
A new legislative framework was introduced by Democratic lawmakers, focusing on investor protection and the integrity of crypto markets. This comes as both political parties in the US are refining their stance on digital assets. The proposed measures could affect the future of stablecoins, ETF regulation, and crypto custody standards well into 2026.
Institutional Activity
Metaplanet expands Bitcoin holdings strategy
Metaplanet, a public company listed in Tokyo, announced plans to raise over $1.4 billion in capital, with the majority earmarked for Bitcoin purchases. The firm’s long-term goal is to build a six-figure BTC position by 2027, highlighting continued interest in Bitcoin as a corporate treasury asset in Asia.
Tether emerges as major BTC buyer
Recent analytics show that Tether has been accumulating more Bitcoin than many spot ETFs. Its activity underscores the influence that stablecoin issuers have on crypto liquidity and price cycles. Tether’s movements continue to shape both market structure and investor expectations.
Gemini prepares to go public
Gemini, the crypto exchange founded by the Winklevoss twins, is preparing for a public listing with support from Nasdaq. This would make it the third crypto exchange to go public in the US and could offer equity investors new exposure to crypto exchange economics.
BlackRock sees Bitcoin as strategic
A senior executive at BlackRock recently advocated for Bitcoin to be included in diversified 2025 portfolios. This adds to the growing chorus from traditional asset managers treating Bitcoin as a long-term, strategic allocation rather than a speculative bet.
Macro Sentiment
Markets in a holding pattern before key economic data
All eyes are on the US Consumer Price Index data and the Federal Reserve’s rate decision later this month. Crypto markets have mirrored equities in showing low volatility and light volumes. Risk appetite remains muted, but a dovish surprise could spark renewed inflows into risk assets, including digital tokens.
A recent adjustment in US employment data triggered a sharp selloff in crypto markets, wiping out $60 billion in value almost instantly. This highlights how reactive digital assets remain to broader macroeconomic shifts.
Altcoin Movement
Selective risk rotation benefits large caps
Solana and XRP outperformed as investors rotated into assets perceived as having short-term ETF potential or being underowned relative to Ethereum. Memecoins continued to rally on speculation around the Dogecoin ETF, with PEPE leading in volume and performance.
On-Chain Trends
On-chain data shows a market in balance. Long-term holders and miners have been selling into strength, but demand from ETFs, corporates, and stablecoin issuers has absorbed supply. This explains the recent pattern of shallow pullbacks and quick recoveries.
Why It Matters
The Dogecoin ETF could expand the crypto investor base beyond Bitcoin and Ethereum enthusiasts.
New long-term futures from Cboe offer institutional investors better tools for passive exposure.
Regulatory developments in the US and Japan continue to normalize crypto as part of mainstream finance.
Stablecoin issuers and corporate treasuries are becoming core drivers of market liquidity.
Macroeconomic events remain a key influence on sentiment and direction.
What’s Next
Dogecoin ETF listing and first day performance on Thursday
Launch timeline and liquidity for Cboe’s long-dated futures
US CPI data and the Federal Reserve’s policy decision later this month
Treasury and stablecoin wallet tracking to monitor new flows