The crypto market never sleeps, and this past week proved it again. From Bitcoin’s sudden dip that shook both whales and retail traders, to Ethereum’s surge to new highs, the market gave us a taste of both nerves and excitement. Institutions are making bold treasury plays, with Solana stepping into the spotlight, while regulators in Japan and Europe continue their stablecoin chess match. And just when we thought celebrity coins were dead, Kanye West reignited the craze, leaving some wallets millions richer and many more licking their wounds. Buckle up, because if this week is any sign, the rest of 2025 will be anything but dull.
What’s happening on the Wayex platform this week
BTC Dips - The World Keeps Turning
Did you also sense a disturbance in the force in the last 24 hours? Well, if you have been watching Bitcoin go up and up over the last year, a bit of a drop shouldn't shake us too much, right?
Earlier this month, Motley Fool, published a prediction that BTC would be $500,000 USD by 2030. After the BTC antic over the weekend, it has a long way to go.
Over the weekend, Yahoo Finance, reported that an entity sold some of its holdings of 24,000 Bitcoin. This caused a flash crash in the market and took Bitcoin to a support level of around 113K USD. This was only a fraction of the whale's holdings, as the wallet still holds more than $17 billion USD worth of Bitcoin.
As we all know, when a sell-off starts, traders and retail investors generally fall over themselves to sell themselves reminiscent of lemmings or the OG “FOMO”
The traditional market analyst of sell orders is that if everyone is selling there may be trouble afoot. But, many analysts, such as Vijay Boyapati, featured in Decrypt reiterated that “whale selling is a healthy event and is required for the full monetisation of Bitcoin”.
But, it goes without saying, the liquidation of 940 million USD in 24 hours can make the market nervous/excited, depending on the sort of investor you are.
Decrypt quoted analyst Sean Dawson, of Dervice, and his thoughts that the “sell-off was amplified by existing marketing conditions” such as “thin weekend liquidity” and a build-up of leverage long positions” over the past week.
Bitcoin has long been seen as “digital gold” imperceptible to macroeconomic factors of 2025. It is only August, but this year the global economy has been shaken up by trade wars, actual wars, but the price has remained strong and consistent over the last year.
According to experts interviewed by the Economic Times, the pricing drop may be indicative of the beginning of a new market reset, or Bitcoin finally adjusting to macroeconomic indicators such as poor jobs data coming out of the United States.
The Economic Times, quoted a number of experts who saw short-term downside risk with further dips likely, whereas on the other side of the coin, we have experts believing the coin price to get to $135,000 USD in the next cycle.
Where the next pricing movement will go, who knows?
Ethereum All Time High! - Where To Now?
While Bitcoin whales were selling their holdings, Ethereum was having its moment in the sun, experiencing an all-time high of above $4,950.50 USD or $7,646.34 AUD on Sunday, 24th of August, Australian time.
CoinTelegraph, noted that Ethereum’s price has rallied more than 240% since April, as per Sunday’s new pricing records. CoinTelegraph highlights that Ethereum has moved into what analysts call the “belief” stage of its bull cycle, a point where long-term holders are confident and less likely to sell.
CoinTelegraph believes, based on the current data, that the asset is still undervalued.
Their reasoning? In the article, they summarise key resistance points and highlight that “ETH’s market value. Looking at the Market Value to realised value (MVRV) it currently sits at 2.08, much lower than past peaks of 3.8 in 2021 and 6.49 in 2017”.
This, combined with Ethereum’s technical infrastructure, strong market cap, and investor confidence, means that there could be room for further price growth.
But if that actually eventuates, who knows? Ethereum lovers have been disappointed before….
Stablecoin Movement Japan - It’s All The Talk In Europe
Japan was a kingmaker, one of the first countries to formalise stablecoin laws in the olden days of 2023.
NHK World Japan, reported that Tokyo-based startup JPYC will issue the first yen-backed stablecoin later this year. Since March, Circle has been issuing USDC’s which are pegged to US dollar. But a stablecoin linked to the Yen would be the first for Japan. The announcement was closely followed by speculation from publicly traded Monex Group. The Monex Group, a publicly traded Japanese fintech, has a current market cap of 215.378B yen and is reportedly considering issuing its own stablecoin. Monex Group seems to be another company going all in on the DeFi train, with the same article hinting at the possibility of a European crypto acquisition announced in the next few days.
Never wanting to be left behind, the European Central Bank (ECB) is once again beating the “Europe needs stablecoin legislation drum”. We reported in one of our newsletters that it is beating the stablecoin drums with the Financial Times, reporting how keen they are to follow in the United States, Hong Kong and Japan’s footsteps in introducing stablecoin legislation.
But what is interesting about this? Even though they seem to want to get serious about stablecoins, there hasn’t been a lot of serious action, no new laws, just a little bit of press, which seems odd. Both Blockworks’ Bryon Gilliam, and Noelle Acheson referred to it as a “PR campaign” in their weekly newsletters. We’ll have to see how the rest of the market takes this news.
Altcoin Season - Hype Goes Into Overdrive
Analysts were previously predicting an altcoin summer; the speculation was put on ice due to the delays by the SEC’s failure to approve a bunch of crypto applications.
DeFi is much like a traditional financial market operating in cycles of bulls and bears, ups and downs. Although it is far more volatile than traditional financial markets.
Could 2025 be Altcoin Autumn instead of Alt-Summer?
Well, it seems Pantera is moving into the Solana Treasury Game. Decrypt reported that Pantera Capital plans to raise $1.25 billion to launch Solana Co., a public company that would hold Solana (SOL) as its main treasury asset. The raise includes $500 million in equity and $750 million through warrants. If successful, the firm could own more Solana than all existing public treasuries combined.
Pantera’s move was shortly followed by Sharps Technology, announcing a $400 million Solana treasury plan, adding momentum to the broader shift toward digital asset treasuries. We’ve seen piles of money go into Bitcoin and Ethereum with corporate treasury strategies, and now it might be Solana’s turn?
Are Celeb Coins Back With YZY?
There was a point where every celebrity was issuing their own tokens to both acclaim and notoriety in turn. Celebrity Coins were in vogue for a time, with every man and his dog issuing a celebrity coin.
The trend imploded when Hawk Tuah released her coin that crashed and burned in late 2024. The public raised a pile of lawsuits against the distributors of $HAWK.
But never, to stray from a fight, the artist formerly known as YE (Kanye West) announced the release of his own token, YZY, on the Solana blockchain. Yahoo Finance reported that the coin price was initially launched with a value of $2.00 before sustaining roughly $1.00 per token. It sprinted a market capitalisation of $3 billion USD upon launch before promptly crashing to a market cap of around $73.5 million. CoinGecko currently reports the market cap for the token to be $68,495,200 USD. Decrypt reported on 27 August 2025 that the YZY token was down 81% which started when someone dumped 94% of the token supply. Not helping matters is the fact that Kanye’s Instagram account was reportedly hacked, promoting a link to a fake coin.
But here’s the real scoop. The overwhelming majority of retail investors suffered losses. Cryptonews reported that over 60% of YZY traders lost money, with one wallet that lost more than $1 million USD. But not everyone lost money. CoinCentral reported that 14 wallets took in over $24 million USD.
But, as always, do your own research.
Things that made us laugh this week
Founders Corner
Bitcoin’s dip reminded us how fast whales can move markets, but the bigger picture is still resilience; long-term holders aren’t budging. Ethereum hitting new highs near $5k USD shows real momentum, and I think many were waiting for Ethereum to have a bit of a pump in the last few months. I am personally glad that it has finally had a bit of a pump.
With so many countries working to introduce this technology, even if progress feels slow, it’s encouraging to see it taking shape and to play a part in its growth.
Institutions betting big on Solana treasuries might signal a new altcoin playbook, but Kanye’s YZY coin circus shows retail still gets burned chasing hype. My take? Stick with utility, not headlines; The classic coins still remain to be more of an anchor.
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