Weekly: Crypto Law in Ukraine, WLFI Launch, Eric Trump's Billion-Dollar Fortune, and Anthropic's $13 Billion Round
Date: 2025-09-08 Author: Gabriel Deangelo Categories: BUSINESS
The crypto market was in the spotlight last week for both investors and regulators. Bitcoin ended August down more than 6%, which is in line with the historical trend of "red August." However, in the first days of September, the rate showed gradual growth and at the time of writing was around $111,190. Analysts disagree: some experts predict a correction to $93,000, while others see the potential to break through the $167,000–185,000 levels in the medium term. The largest sell-off of the year by long-term holders put pressure on the market, selling 97,000 BTC worth about $3 billion.
Ethereum, on the other hand, closed August up nearly 19%, marking the second consecutive positive trend for the asset. The chart showed high volatility, but the rate held above $4,300. Consensys founder Joseph Lubin suggested that if Ethereum is widely adopted on Wall Street, its value could increase a hundredfold and eventually displace Bitcoin as the main unit of account. Amid growing institutional interest, Ether Machine and Etherealize have raised hundreds of millions of dollars for Ethereum-related projects.
Funds have also attracted considerable attention. According to SoSoValue, the first week of September was a mixed success for Bitcoin ETFs, while Ethereum-based funds showed a steady outflow, reaching $446 million in one day. In parallel, Sonic Labs is preparing to raise $150 million to launch an ETF on the American market.
At the legislative level, an important event was the first reading of the bill on crypto assets in the Verkhovna Rada of Ukraine. The document introduces a classification of digital assets and defines the powers of regulatory bodies. Meanwhile, the National Bank of Ukraine confirmed that it does not plan to include cryptocurrencies in reserves, citing the position of the ECB. In the US, the SEC and CFTC announced a joint initiative to streamline the trading of spot crypto products, and Polymarket received the green light to launch its platform in the country.
The launch of the WLFI token from World Liberty Financial was no less high-profile. Already in the first days, its rate collapsed, despite the team's measures to stabilize. The situation was aggravated by the blocking of hundreds of wallets, including Justin Sun's address, which caused a wave of criticism.
Among the corporate news, American Bitcoin's debut on Nasdaq stood out, thanks to which Eric Trump became a dollar billionaire. Another record was set by Anthropic: it raised $13 billion at a valuation of $183 billion, strengthening its position among the leaders of AI developments.
Ukraine also entered the top of the world ranking of crypto activity according to Chainalysis, taking first place in terms of population involvement. And the Gemini exchange revealed plans for an IPO to raise $317 million at a valuation of $2.2 billion.
The week showed that the crypto industry continues to balance between market volatility, regulatory pressure, and impressive investment deals that are shaping the new architecture of the industry.
