Weekly Recap | Jobs Data Miss, WLFI Launch, and Morgan Stanley’s $188M Bitcoin ETF Buy
2025.09.09
Last Week (Sep 1 – Sep 7)
The US nonfarm payrolls came in well below expectations, pushing the unemployment rate to a four-year high. This fueled bets on a September rate cut, with Standard Chartered projecting a possible 50bps cut. Bitcoin remained stable around $111K, while Ethereum’s volatility eased within the $4,200–$4,400 range. Meanwhile, WLFI made its exchange debut, drawing strong industry attention. Looking ahead, Solana’s first Digital Asset Treasury (DAT) SOL Strategies is set to list on Nasdaq, potentially sparking a new wave of momentum for the ecosystem.
Here’s a quick recap of last week’s crypto highlights and a preview of what’s ahead.
Market Pulse
- Morgan Stanley disclosed a $188M Bitcoin ETF purchase in Q2
- Glassnode: BTC may test $93K–$95K if it breaks below $104K
- Prediction market Polymarket cleared by CFTC to re-enter US market
- USDC Treasury minted 250M USDC on Solana
- Figma revealed $90.8M in Bitcoin ETF holdings
- US jobs data missed expectations; unemployment at 4-year high
- Trump announced global tariff exemption on gold
Funding & M&A
There were 13 funding deals last week, totaling $150M+, with a focus on infrastructure and DeFi:
- Kite raised $18M led by PayPal and General Catalyst (total $33M to date)
- Web3 video AI model Everlyn raised $15M to date
- Etherealize secured $40M, led by Electric Capital & Paradigm
- Stablecoin infra firm Utila raised $22M led by Red Dot Capital Partners
- Obita closed $10M+ angel round to accelerate cross-border stablecoin payments
- Aria, an IP tokenization platform, raised $15M led by Polychain & Neoclassic Capital
Policy & Compliance
- UAE’s RAK Properties to accept Bitcoin and crypto for real estate purchases
- US SEC & CFTC to streamline spot crypto trading registration
- ECB president warned against risks of non-EU stablecoins
- Korea issued new lending guidelines banning over-leveraged crypto loans
- UK drafted new AML rules for crypto firms
- US Senate Banking Committee bill draft excludes staking, airdrops & DePIN from securities law
Echobit Highlights
Last week, Echobit rolled out multiple community campaigns and product updates:
- September Futures Championship with a $50,000 prize pool
- New Listing: $WLFI/USDT Spot Pair with $10,000 reward pool
- ETH Spot Campaign: Buy ETH, share $150 reward
- Partnership Giveaway: Echobit × @iiicc_ai collaboration celebration
- Double Rewards: $20,000 prize pool on BIOUSDT Futures pair
- New Listing: $UMA/USDT Spot Pair now live
- Product Update: App Store TestFlight v1.1.7
- Community: Taskon winners redemption period open
Looking Ahead (Sep 8 – Sep 14)
- SEC to decide on Bitwise BTC & ETH ETF redemption applications (Sep 8)
- Ethereum Fusaka mainnet scheduled for Nov 5; bug bounty opens Sep 8
- Play AI community sale via Capital Launchpad starts Sep 8
- SOL Strategies to list on Nasdaq under ticker STKE (Sep 9)
- US Aug PPI data release (Sep 10)
Echobit will continue to track global crypto moves, spotlighting market shifts, regulation, and funding trends—helping you navigate every cycle with an edge.