Weekly Recap | Market Pullback, APAC Trading Volume Surges, KBW 2025 Kicks Off
2025.09.22
Weekly Recap (September 15 — 21)
The crypto market experienced broad declines last week, with most sectors falling between 2% and 6% in 24 hours. Since the Federal Reserve’s rate cut, the total crypto market capitalization has shed over $60 billion. Meanwhile, crypto trading volume in the Asia-Pacific region surged to $2.36 trillion over the past 12 months, highlighting strong regional activity.
This week, KBW 2025: IMPACT takes place in Seoul, with Echobit Labs participating as a co-host and sponsor across multiple side events. In addition, the U.S. Treasury launched a public consultation process on the GENIUS Act, putting regulatory developments in the spotlight.
Let’s review the key events of the past week and preview what’s ahead.
Market Pulse
- U.S. Bitcoin spot ETFs saw $886 million in net inflows last week; Ethereum spot ETF inflows pending
- Tether CEO announced USDT market cap surpassed $172 billion, setting a new all-time high
- SOL treasury firm Forward Industries plans to deploy funds into Solana DeFi protocols
- Global public companies purchased $69.47 million worth of BTC last week
- Ethereum on-chain stablecoin supply hit $166 billion, an all-time high
- Tether re-entered the U.S. market, aiming to reclaim leadership among stablecoin issuers
- Polygon plans to boost transaction capacity by 33% in Q4
- 17 entities holding SOL treasury reserves now manage positions valued over $4 billion
Funding & M&A
Last week saw 20 funding deals totaling over $430 million, concentrated in infrastructure and DeFi:
- Web3 smartphone maker Nothing raised $200M in a Series C round at a $1.3B valuation
- Bitlight Labs, developer of the RGB protocol, raised $9.6M in a Pre-A round led by Amber Group and Fundamental Labs
- Openverse closed an $8M Series B round with participation from Bright Capital and others
- Finary raised €25M in a Series B round led by PayPal Ventures
- Kredete raised $22M in a Series A round led by AfricInvest
- U.S. community bank Stablecore raised $20M with Coinbase Ventures among investors
Policy & Compliance
- The U.S. SEC proposed standardized listing rules for crypto ETPs, potentially accelerating product launches
- Three Swiss banks completed a pilot for interbank payments using Ethereum
- The U.S. Congress will hold a meeting on advancing a Bitcoin strategic reserve, with a bill proposing the purchase of 1 million BTC within 5 years
Echobit Highlights
- ETHGlobal New Delhi to be held September 26–28
- New listing trading challenges: Echobit x $NMR / $MYX / $DOLO / $LINEA
- Partnership giveaway: Echobit x @AIFin_ai
- Echobit Community Carnival – Share 1,000 USDT
- Register & trade to win an iPhone 17 Pro Max
- Echobit Futures Trading Competition – Prize pool $38,000
Looking Ahead (September 22 – September 28)
- Coinbase to launch the first U.S. index futures covering both stocks and crypto
- Robinhood to be officially added to the S&P 500 index on September 22
- Hyperscale Data to increase BTC holdings by $5M before September 23
- Major token unlocks for JUP, OP, and KMNO, totaling over $50M in value
- ETHGlobal New Delhi to be held September 26–28 in India
Stay tuned with Echobit as we bring you critical market insights, policy trends, and investment opportunities—empowering every crypto user to navigate the market with confidence.