đ Bitcoin Regains $112K as Treasuries Cross 1M BTC, Ethereum Stirs with Dormant Whale Move
From MARAâs mining boost to Solana treasury expansion and a potential Dogecoin ETF, quiet news still carries weight
⥠Bottom Line Up Front:
Even on a slow news day, the signal is clear: Bitcoin is consolidating above $112K with growing corporate adoption, Ethereum is seeing major capital rotation from both whales and institutions, and Solanaâs treasury use case is expanding. With a potential Dogecoin ETF on the horizon, the marketâs breadth of institutional adoption continues to widen beyond Bitcoin and ETH.
đŹ Quote of the Day
âBitcoin is the first scarce object the world has ever seen with absolute digital scarcity. That makes it priceless.â â Saifedean Ammous
It may be a quieter Friday in crypto, but key developments hint at brewing momentum beneath the surface.
Bitcoin mining activity remained robust in August, with Marathon Digital (MARA) producing 705 BTC, pushing its corporate treasury above 52,000 BTC. The figure cements MARAâs role as one of the largest public mining treasuries and underscores miner resilience despite price chop.
On the price front, Bitcoin climbed back to $112K, fueling analystsâ calls for a âmassive moveâ ahead. While forecasts remain divided, the consensus is that BTCâs consolidation may be setting the stage for volatility in either direction.
Corporate treasuries continue to reshape Bitcoinâs supply dynamics. Publicly traded companies now hold over 1 million BTCâ5.1% of the circulating supplyâa historic milestone that reinforces Bitcoinâs role as a strategic reserve asset. Meanwhile, DeFi Development Corp extended its bet on Solana, with its treasury now topping $400M following the latest acquisition.
Ethereum made waves when an ICO-era participant moved $646M worth of ETH to a staking address after three years of dormancy. The move signals renewed conviction in Ethereumâs long-term staking economy, while also highlighting how dormant supply continues to re-enter circulation in bullish contexts.
ETF flows also captured attention. BlackRock executed a $150M ETH purchase in a single day, dwarfing competitors and reaffirming its aggressive push into Ethereum exposure. At the same time, speculation is heating up that Dogecoin could see its first-ever ETF launch as soon as next weekâa potential watershed moment for meme coin legitimacy in regulated markets.
đź Looking Ahead
Bitcoin (BTC): Watch $112K as immediate support; upside resistance sits near $115K, with analysts eyeing breakout potential.
Ethereum (ETH): Dormant whale activity + BlackRockâs $150M buy could fuel staking and ETF-driven momentum toward $5K.
Solana (SOL): Corporate treasury buys signal growing use-case strength; a break above $215 would confirm fresh momentum.
Dogecoin (DOGE): All eyes on ETF speculationâif confirmed next week, DOGE could become the first meme coin with a regulated product.
Macro: U.S. jobs data and Fed commentary later today could shape liquidity flows across risk assets, including crypto.
â Question of the Day
If Dogecoin secures ETF approval next week, will it mark a turning point for meme coins in institutional investingâor remain just a speculative sideshow?
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