1. Fujian Court Rules on 13.3 Billion Yuan Illegal Foreign Exchange Case Involving Virtual Currency

The Hanjing District Court in Putian City, Fujian Province, has tried a case involving illegal foreign exchange trading of virtual currency, with the amount involved exceeding 13.3 billion yuan. The defendants used USDT to build an underground foreign exchange network, soliciting clients through overseas chat software, illegally exchanging virtual currency for RMB and foreign currencies, with illegal foreign exchange trading amounting to 25.62 million yuan. The court sentenced 15 defendants to prison terms ranging from 8 months to 3 years for crimes including illegal business operations, and imposed fines. -Original

2. Whales Purchase 218,800 Ethereum in Two Days

Click the link to enter the Tencent meeting: https://meeting.tencent.com/p/9850662513 A rare scene has emerged in the market: whale addresses and institutional investors have swept up 218,800 ETH in just two days, worth up to $943 million. Meanwhile, another whale holding $11 billion in Bitcoin has accumulated $4 billion worth of Ethereum. Despite such massive capital inflow, the price of ETH remains around $4,300, down about 7% from early September, creating a clear contradiction of "whale frenzy, stagnant prices." 01 Whales Accumulate Madly, Market Response Tepid Recently, large investors have shown unprecedented enthusiasm for purchasing Ethereum. Lookonchain data shows that whales and institutions purchased 218,800 ETH in the past two days, worth about $943 million. Among them, BitMine purchased 69,603 ETH from BitGo and Galaxy Digital, valued at about $300 million; five newly created wallets bought 102,455 ETH from FalconX, valued at about $442 million. Moreover, another mysterious super whale has quietly transferred massive funds from Bitcoin to Ethereum. This whale, holding over $11 billion in Bitcoin, has accumulated 886,371 ETH, with a total market value exceeding $4 billion. 02 Multiple Factors Suppress Price, Difficult to Take Off Despite such strong institutional buying, the price of ETH has failed to break through the trading range of $4,300-$4,500. This is mainly due to three factors. Seasonal fluctuations are the primary factor. Historically, September is often a weak month for cryptocurrencies. Bitcoin has fallen in September in eight of the past ten years, and this seasonal effect has also impacted Ethereum. The expiration of a large number of options has intensified market volatility. Recently, over $1.38 billion in Bitcoin options and $128 million in Ethereum options have expired, and such large-scale expirations typically exert additional price pressure on the market. Macroeconomic uncertainty also plays a key role. The uncertainty surrounding the U.S. Federal Reserve's interest rate policy has made investors cautious about risk assets, suppressing price increases. 03 Institutions Optimistic Long-Term, Cautious in the Short-Term Despite the weak short-term price performance, institutional investors remain optimistic about Ethereum's long-term prospects. Nexo's chief analyst Iliya Kalchev noted, "We are seeing institutional investors gradually expand their allocation focus from Bitcoin to other mainstream crypto assets." Several institutions have provided optimistic price forecasts. Standard Chartered recently raised its year-end target price for Ethereum to $7,500. Other institutions, including Global X, also predict that Ethereum could reach $7,500 in the next year. On-chain data also supports a long-term bullish view. Data shows that over 70% of Ethereum supply is locked in collateral or long-term holdings, creating a structural shortage and laying the foundation for a long-term bull market. 04 Key Technical Levels Determine Future Trends From a technical analysis perspective, Ethereum is at a critical position. Analysts are closely monitoring the performance of the support area between $4,200 and $4,350. If Ethereum can hold this support area and break through the resistance area of $4,800-$5,000, it may quickly move towards targets of $5,500 or even higher. However, if it falls below the $4,200 support, it may further test the $3,800-$4,000 area. Therefore, the current price trend is crucial for Ethereum's medium to short-term trend. Although Ethereum's price is stagnant in the short term, institutional funds continue to flow into Ethereum ETFs, with net purchases exceeding $1.8 billion in the past five days. Historical data shows that September's weakness often lays the groundwork for a strong rebound in the fourth quarter. The seasonal trend of "October rebound" in the crypto market may be brewing. Whales clearly see the value beyond short-term fluctuations; they are accumulating positions during the market hesitation period in preparation for the next wave of increases. Operational Suggestions: BTC Long at 110,550 First target at 111,560 Second target at 112,850 ETH Long at 4,295 First target at 4,355 Second target at 4,395 Join the community group for more services 1. Real-time market analysis (online one-on-one Q&A and sorting) 2. Professional technical analysis and theoretical learning 3. Trading system construction and improvement 4. Daily live courses, contract analysis, real-time trading, helping you succeed! Teachers in the group provide precise point layouts and answer questions for free. Tencent meeting live: 985-066-2513 DingTalk group number: 120320009032 Disclaimer: The above content only represents the author's personal views, aimed at assisting investors in understanding information related to the capital market, does not constitute any investment advice, and does not represent the position and views of AiCoin. The market has risks, and investment should be cautious. -Original

3. Japanese Company Becomes 59th Largest Bitcoin Financial Company After Acquisition

Japanese listed company Convano Inc (6574.T) has acquired the UAE-listed company Phoenix Group, becoming the 59th largest Bitcoin financial company. Previously, Phoenix Group announced the establishment of a Bitcoin and Solana treasury valued at over $150 million. It currently holds 514 Bitcoins and over 630,000 Solana as part of its long-term reserves. -Original

4. Ark Invest Increases Holdings in Crypto-Related Stocks by Over $24 Million

According to Ark Invest Tracker, Cathie Wood's Ark Invest increased its holdings by 387,325 shares of BitMine stock (approximately $16.26 million) and 143,906 shares of Bullish stock (approximately $7.48 million) yesterday. -Original

5. Bitdeer Mines 100.6 Bitcoins This Week

Nasdaq-listed Bitcoin mining company Bitdeer has announced the latest data, stating that as of September 5, 2025, its total Bitcoin holdings have reached 1,934.9 Bitcoins (excluding Bitcoins deposited by clients). This week, Bitdeer's Bitcoin mining output was 100.6 Bitcoins, while it sold 73.1 BTC. -Original

6. Figma CEO: Bitcoin is Part of a Diversified Financial Strategy

According to BitcoinTreasuries.NET, Dylan Field, CEO of the publicly listed company Figma, stated, "As part of a diversified financial strategy, Bitcoin has a place on the balance sheet." -Original

7. OKX Launches C2C Trading Complaint Function to Protect User Rights

Disputes are inevitable in C2C trading, and OKX provides you with an efficient and convenient order complaint function. Whether it's a payment issue or an order dispute, you can quickly resolve it through the App, ensuring your assets are safe and secure! The complaint process is simple and efficiently handled: Step 1: Open the OKX App, go to [C2C Buy Crypto] -> [Orders], and select the transaction order you need to complain about; Step 2: Click [Need Help?] -> [Initiate Complaint], and select the type of issue; Step 3: Fill in the problem description and upload relevant proof materials. After submission, professional customer service will assist you! Register for OKX now to easily experience safe and convenient C2C trading! Register for OKX for a permanent 20% rebate: https://jump.do/zh-Hans/xlink?checkProxy=true&proxyId=2 Why choose OKX? A globally leading digital currency trading platform, enjoy a good reputation for safe trading! A professional customer service team provides 24/7 support to safeguard trading disputes! Efficient solutions make your trading more secure and your assets more protected! -Original

8. Net Inflow of Main Funds Shows Strong Short-Term Support for BTC

In the past 12 hours, the statistics of major orders show that the buy order transaction amount reached $94.91 million, while sell orders amounted to $77.52 million, resulting in a net inflow of $17.38 million, with buying pressure clearly dominating. Particularly in the range of $110,650 to $110,800, three consecutive major buy orders exceeding $10 million appeared densely, indicating strong support in this area. However, the current trading volume has shrunk to 35% of the average level, and market activity has sharply declined, necessitating caution regarding potential directional choices after major accumulation. The 2-hour candlestick chart has formed a doji star, with prices hovering below the EMA24/52 moving averages, while the RSI has broken through the upward trend line, intensifying the divergence between bulls and bears. Combined with major player behavior, a short-term test of the $111,000 level may occur. Accurately capture major player movements and layout turning points in advance! Activate membership now to keep an eye on major orders and seize opportunities! Data sourced from PRO members [BTC/USDT Binance USDT perpetual 2 hours] candlestick chart, for reference only, does not constitute any investment advice. -Original

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