Market report for traders
🔮 BTC, ETH, and Altcoins
Over the last 7 days, Bitcoin ends at AU$170,971 moving -0.50% at the time of writing. Meanwhile, Ethereum ends at AU$6,622 moving -5.94% week-on-week. On the Altcoin side, Solana +6.59%, Dogecoin -1.69%, and XRP -5.15% change.\
🗞 What’s happening in the news?
🚀 Avalanche Surges with Government Blockchain Adoption
Avalanche transaction growth topped all blockchain networks with a 66% increase in the week ending 29 August, recording more than 11.9 million transactions across 181,300 active addresses, according to a 29 August post by blockchain analytics firm Nansen. The increased transactions may signal more incoming investor interest in the Avalanche AVAX token, catalysed by the Commerce Department’s 28 August decision to publish GDP data on nine blockchains, including Avalanche, Bitcoin and Ethereum. Ava Labs’ chief strategy officer Luigi D’Onorio DeMeo said the activity was “related to the growth of additional Avalanche L1s” and rising payments activity in stablecoins and DeFi.
🏙️ Tokenising Gaza: Trump Administration Plan Sparks Outrage
According to a report from The Washington Post, a 38-page prospectus named the Gaza Reconstitution, Economic Acceleration and Transformation Trust (GREAT Trust) outlines a potential US takeover of Gaza under a 10-year trusteeship. The plan reportedly proposes giving Palestinians a digital land token redeemable for cash or an apartment in one of up to eight “smart cities,” along with subsidies for housing and food for up to four years. The tokens could also be sold to investors on secondary markets, with all transactions recorded on a blockchain register. The Council on American-Islamic Relations condemned the proposal, saying it would amount to “a war crime of historic proportions.” The Washington Post also reported that two people familiar with the planning said major elements of the plan were created to implement US President Donald Trump’s plan for Gaza, though it remains unclear if the plan is what Trump envisioned or if it is being considered.
📈 Strategy Eyes S&P 500 Inclusion after Record Earnings
Strategy, the rebranded MicroStrategy, posted AU$21.5 billion (US$14 billion) in operating income and AU$15.4 billion (US$10 billion) in net income for Q2 2025, with revenue at AU$176 million (US$114.5 million). As of 30 June, the firm held 597,325 Bitcoin and reported a 19.7% BTC Yield year-to-date, a measure of Bitcoin growth relative to diluted shares. The adoption of new fair-value accounting in January 2025 allowed unrealised gains from Bitcoin to be recognised, boosting profitability. Having now satisfied all S&P 500 criteria, Strategy could be added at the September 2025 rebalance, with announcements due 5 September and changes effective 19 September. If approved, it will be the first Bitcoin-treasury company in the index.
📖 What we’ve been reading
Ethereum Foundation Targets Interoperability as Top UX Priority
The initiative marks a strategic pivot: after years spent scaling throughput and lowering costs, the protocol team is now zeroing in on interoperability as the key to user experience.
South Korea’s FSC chief nominee criticizes crypto despite growing youth demand
Lee Eok-won, South Korea’s Financial Services Commission chief nominee, dismissed cryptocurrency as highly volatile and lacking intrinsic value.
Quantum Threats or Something More? El Salvador Is Splitting Up Its Bitcoin
Privacy experts typically advise using different addresses to hold digital coins. But should the Central American country still be buying BTC?
*Disclaimer: The information provided is for educational purposes and does not constitute financial product advice. You should obtain independent advice from an Australian financial services licensee before making any financial decisions.*
