Flipster Crypto Weekly (September 5)

BTC steady as big bets and tokenization shift the tape

September 5, 2025

Markets slipped early in the week after the latest PCE release but ultimately steadied, with BTC moving between $107K–111K and ETH holding near $4.3K–$4.4K. Bitcoin dominance hovered just under 59% as macro attention turned to upcoming U.S. jobs data, with traders eyeing labor market softness as a potential cue for the Fed’s September meeting.

Crypto-specific headlines once again dominated flows. World Liberty Financial ($WLFI) launched on major exchanges with a fully diluted valuation above $30B before settling around $5.7B, and derivatives activity surged 400% ahead of its unlock. American Bitcoin’s Nasdaq debut delivered a dramatic intraday spike, closing with a multibillion-dollar valuation and underscoring the continued appetite for equity-crypto crossover plays.

Treasuries kept stacking at scale. MicroStrategy added 4,048 BTC ($449M), Metaplanet bought 1,009 BTC (~$112M), and SharpLink lifted its ETH holdings past $3.6B with a 39,008 ETH purchase. New entrants also joined the fray: CleanCore raised $175M to establish a Dogecoin treasury, SonicStrategy secured $40M for its SOL reserves, and ETHZilla earmarked $100M for EtherFi.

Policy and regulatory developments showed a decisive tilt toward tokenization. The CFTC recommended no action on Polymarket, Galaxy Digital announced plans to tokenize its SEC-registered shares, and Wintermute proposed a framework to legitimize liquidity provision in tokenized securities. Meanwhile, the Fed scheduled a dedicated conference on stablecoins, tokenization, and AI, cementing these themes at the center of the policy agenda.

As BTC steadies around $111K and ETH above $4.3K, the market is balancing two distinct forces: macro data that could weaken the dollar narrative, and crypto-native momentum fueled by treasury inflows and tokenization milestones. Which of these currents will drive the next leg of volatility as September unfolds?

Explore trading opportunities on Flipster as markets prepare for the month ahead.

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