Market Structures and Charts
Over the weekend, traders kept a close eye on technical setups and upcoming Fed signals. The Total2 index (which tracks the market cap of all crypto excluding Bitcoin) was highlighted by @rektfencer, showing a Cup & Handle pattern. According to this view, the accumulation phase is over, and the market could be preparing for a breakout soon. Whether this marks the start of a true ‘altcoin season’ is still debated, but sentiment tilted toward optimism.
Corporate and Institutional Moves
On the institutional side, the weekend brought several announcements.
- SBI Group and Chainlink revealed a new partnership. They will start by offering blockchain tools to financial institutions in Japan, before expanding to the Asia-Pacific region. This step adds to the narrative of deeper blockchain integration into traditional finance.
- China Renaissance joined forces with YZi Labs, committing $100 million into BNB. The move signals growing confidence in Binance’s ecosystem, even at a time when exchange-linked assets often face scrutiny.
- OKX CEO Star announced the launch of a $100 million X Layer Ecosystem Fund. The focus is on supporting developers building real, long-term on-chain applications, steering away from short-term speculative projects.
- In Asia, the Philippines introduced a proposal for a Strategic Bitcoin Reserve. The plan would direct its central bank to accumulate 10,000 BTC over five years, under a two-decade lockup. If passed, this would be one of the boldest sovereign Bitcoin accumulation moves so far.
- Metaplanet, a Japanese listed company, added another 103 BTC (~$11.7M at $113,491 each). Its total holdings now stand at 18,991 BTC (~$1.95B at ~$102,712 average). Year-to-date, the company has achieved a 479.5% BTC yield in 2025.
Banking and Regulatory Shifts
Federal Reserve Chairman Jerome Powell, speaking at Jackson Hole, struck a notable shift in tone. He suggested that the Fed no longer cares strictly about the 2% inflation target, with employment now the main focus. This marks a dramatic change in Fed priorities. Fed chairman Powell also hinted at banks playing a bigger role in crypto going forward, admitting that excluding crypto from banks “was real,” but that more activity is coming.
In parallel, Bank of America suggested that stablecoin demand for U.S. Treasuries could rise by $25–75 billion. Such a shift would deepen the links between crypto and traditional finance, making stablecoins a significant player in Treasury markets.
ETF and Fund Flows
ETF data from last week showed heavy outflows. Between August 18–22, Bitcoin spot ETFs recorded $1.17 billion in net outflows, with BlackRock’s IBIT seeing $615 million alone. Ethereum spot ETFs also ended a 14-week streak of inflows, logging $238 million in outflows. These flows highlight the cautious sentiment from institutions, even as companies like Metaplanet continue to accumulate.
Upcoming U.S. Events and Numbers
Looking ahead, the week is stacked with U.S. economic data and earnings that could set the tone for markets:
- New Home Sales (July) – Monday
- Consumer Confidence (August) – Tuesday
- Nvidia Earnings ($NVDA) – Wednesday, potentially impacting AI-related tokens
- Q2 2025 GDP Data – Thursday
- University of Michigan Consumer Sentiment (MI) – Friday
- PCE Inflation Data (July) – Friday
The Fed’s stance now ties these numbers into a stagflation narrative. Powell’s comments suggest at least a 25 bps rate cut in September is highly likely. For markets, a cut while growth stays low and inflation remains high creates an explosive environment. Traders now view this as one of the most bullish scenarios possible, especially for risk assets like crypto.
Major Token Unlocks
The week also brings a series of token unlocks that could influence supply and price action:
VENOM (VENOM)
Date: August 25, 2025
Unlock Value: 1.67M USDT
% of Circulating supply: 0.50%
Number of Tokens: 10.50M VENOM
Altlayer (ALT)
Date: August 25, 2025
Unlock Value: 3.40M USDT
% of Circulating supply: 2.52%
Number of Tokens: 100.69M ALT
BLAST (BLAST)
Date: August 26, 2025
Unlock Value: 2.29M USDT
% of Circulating supply: 1.98%
Number of Tokens: 875.00M BLAST
Jupiter (JUP)
Date: August 28, 2025
Unlock Value: 26.00M USDT
% of Circulating supply: 1.75%
Number of Tokens: 53.47M JUP
Slash Vision Labs (SVL)
Date: August 30, 2025
Unlock Value: 35.52M USDT
% of Circulating supply: 18.83%
Number of Tokens: 930.00M SVL
Renzo (REZ)
Date: August 30, 2025
Unlock Value: 4.11M USDT
% of Circulating supply: 12.16%
Number of Tokens: 320.03M REZ
Kamino (KMNO)
Date: August 30, 2025
Unlock Value: 4.70M USDT
% of Circulating supply: 3.20%
Number of Tokens: 83.33M KMNO
Echelon Prime (PRIME)
Date: August 31, 2025
Unlock Value: 838.49K USDT
% of Circulating supply: 0.83%
Number of Tokens: 0.44M PRIME
Closing Thoughts
The weekend confirmed one thing: crypto continues to blur the line with traditional finance. From corporate treasury allocations to central bank reserve proposals, the momentum is undeniable. But at the same time, ETF outflows show that not all institutions are ready to commit. With the Fed openly shifting its policy lens toward employment and away from strict inflation targets, markets are preparing for cuts in a stagflation environment. That mix is likely to shape how both crypto and equities trade in the weeks ahead.
This article is part of Millionero’s weekly upcoming breakdown, where markets meet clarity. No noise. Just signals. Always remember: this is not financial advice. Do your own research on blog.millionero.com, and when you’re ready, trade spot and perpetuals on Millionero.