Coinpedia - Fintech & Cryptocurreny News Media| Crypto Guide

On August 29, Ethereum spot ETFs experienced a significant net outflow of $165 million, with all nine ETFs seeing withdrawals. Bitcoin spot ETFs also faced a total net outflow of $127 million, marking their first outflow after four days of steady inflows. This sudden shift suggests investors are pulling back from these popular crypto ETFs, signaling cautious sentiment in the market after a strong period of buying activity.

At the Bitcoin Asia Conference 2025 in Hong Kong, Eric Trump expressed strong confidence in Bitcoin’s future, predicting it could reach $1 million. He highlighted that the Trump family “loves” and “believes in” Bitcoin, showing their growing support for the cryptocurrency. His statement highlights the growing acceptance of cryptocurrency by prominent personalities and underscores the lasting confidence in Bitcoin’s future impact on the global financial landscape. The Trump family’s endorsement brings added attention to Bitcoin’s potential.

Speaking at the 2025 Bitcoin Asia Conference in Hong Kong, cypherpunk pioneer Adam Back predicted a future where Bitcoin is held in the treasury of every company. He highlighted Bitcoin’s importance as a trusted store of value and expects widespread adoption by businesses. Back envisions a shift in corporate finance where Bitcoin plays a key role in long-term strategies, transforming how companies manage their assets and paving the way for broader digital asset integration.

Binance Futures experienced a temporary outage suspected between 14:18 and 14:36 UTC+8 due to a paused contract transfer service. Officials confirmed the suspension but have since restored the service. However, Binance tweeted that all futures trading remains unavailable as the team works hard to fully resolve the issue. Users are advised to stay patient and await updates while the platform focuses on restoring normal trading operations as quickly as possible.

At the Bitcoin Asia conference 2025, Binance CEO CZ shared his strong belief that Bitcoin will one day become the world’s global reserve currency. He emphasized Bitcoin’s growing importance in the financial system and its potential to reshape how money works globally. CZ sees Bitcoin as a secure, transparent, and widely accepted asset that could serve as a foundational currency in the future economy, reflecting its increasing adoption and importance in international finance.

Ryan Gentry, former business lead at Lightning Labs, has filed for a $200 million SPAC called Bitcoin Infrastructure Acquisition Corp, which plans to list on Nasdaq as “BIXIU.” The SPAC will focus on investing in companies involved in digital assets, Web3, and financial infrastructure. Key board members include the COO of DeFi Development Corp and the investment head of Kindly (formerly Nakamoto), bringing strong industry expertise to the new venture. This move aims to boost innovation in the blockchain space.

Bitplanet, formerly known as SGA, has emerged as South Korea’s first institutional Bitcoin treasury firm after securing $40 million in fresh capital for BTC purchases. Supported by Asia Strategy Partners, the company plans to immediately deploy these funds, building an institutional-grade Bitcoin custody and asset management platform without taking on debt. This strategic rebrand signals South Korea’s growing embrace of digital assets and positions Bitplanet as a key player in advancing institutional Bitcoin adoption across Asia.

Tether announced on August 28, 2025, that it will expand USDT support to Bitcoin wallets using the new RGB protocol. This update allows users to send and receive native USDT directly on the Bitcoin network, combining Bitcoin’s security with stablecoin flexibility. The move aims to make payments faster, private, and more scalable while enabling users to manage Bitcoin and USDT in the same wallet. This development marks a significant step toward integrating stablecoins natively with Bitcoin.

Strive Funds CEO Matt Cole announced that the company plans to purchase over $700 million worth of Bitcoin following its public debut. This bold move highlights Strive’s strong belief in Bitcoin’s long-term potential. The large acquisition aims to position Strive as a major player in cryptocurrency investment. Cole’s announcement reflects growing institutional confidence in Bitcoin as a valuable asset class for the future.

Balaji Srinivasan, former Coinbase CTO, says that as Bitcoin’s value grows, investors are moving their focus away from real estate towards Bitcoin. He believes this shift will reduce the appeal of property as an investment, with more people choosing Bitcoin as their preferred asset. Srinivasan suggests that this trend reflects a fundamental change in how wealth is stored and grown in the digital age, favoring crypto over traditional property investments.